Chapter
Overcoming the Fear of Not Making Money as an Entrepreneur
58:30 - 1:04:22 (05:51)
The fear of not making enough money as an entrepreneur can be paralyzing, but having a certain amount of money in your checking account and using your credit card as a last resort can help motivate you to constantly work towards earning more. Additionally, reminding yourself of the hard work and perseverance it took to achieve your initial success can keep you motivated during challenging times.
Clips
Humans require a sense of purpose and direction to focus their energy and talents.
58:30 - 1:00:25 (01:54)
Summary
Humans require a sense of purpose and direction to focus their energy and talents. When individuals realize that they have dedicated their time to a sole purpose, they may feel unhappy; however, this is not always the case.
ChapterOvercoming the Fear of Not Making Money as an Entrepreneur
EpisodeThe Business of Strip Clubs, Black Friday Boycott, and Three Twitter Scenarios
PodcastMy First Million
Keeping a set amount of money in your checking account and assuming your net worth is only worth that amount, could be a little hack to stay motivated and look for constant growth.
1:00:20 - 1:03:20 (02:59)
Summary
Keeping a set amount of money in your checking account and assuming your net worth is only worth that amount, could be a little hack to stay motivated and look for constant growth. This mindset helps overcome the challenge of losing motivation after building a successful company.
ChapterOvercoming the Fear of Not Making Money as an Entrepreneur
EpisodeThe Business of Strip Clubs, Black Friday Boycott, and Three Twitter Scenarios
PodcastMy First Million
The speaker talks about how they spent around $115,000 on material things in the past, but now prefers to only spend money on experiences and earning things they desire.
1:03:20 - 1:04:22 (01:02)
Summary
The speaker talks about how they spent around $115,000 on material things in the past, but now prefers to only spend money on experiences and earning things they desire. They also try to mentally limit themselves to the amount in their bank account, but acknowledge they have other assets to fall back on if needed.