Chapter
The Rational Argument for Pursuing Cashflow Over a Venture Path
16:39 - 22:30 (05:51)
Pursuing a business model that provides cashflow and buying an already established business have been shown to be a more feasible and less risky path compared to the venture path that can result in zero return or many years of underpaid salaries.
Clips
The speaker presents arguments against the societal pressure to give up one's life for the sake of competing in the Olympics and points out the flaws in most venture bets.
16:39 - 18:42 (02:02)
Olympics, Venture Capital
Summary
The speaker presents arguments against the societal pressure to give up one's life for the sake of competing in the Olympics and points out the flaws in most venture bets.
ChapterThe Rational Argument for Pursuing Cashflow Over a Venture Path
EpisodeGetting Rich Quick Sucks - Andrew Wilkinson Teaches You How to Get Rich Slow
PodcastMy First Million
The logical choice for entrepreneurs is to invest in a business that generates cashflow and provides a good lifestyle from the start rather than going for a venture path that is risky and often results in zero returns.
18:42 - 22:30 (03:48)
Entrepreneurship
Summary
The logical choice for entrepreneurs is to invest in a business that generates cashflow and provides a good lifestyle from the start rather than going for a venture path that is risky and often results in zero returns. However, many entrepreneurs choose the latter because of their ego or interest in solving a problem.