Episoder
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You should buy!
It’s a long term game, the more you invest now the better you’ll be further down the line -
When big or small corrections happen you should ask yourself if you are too heavy in a particular asset class.
You are always going to have some exposure when you taken on risk -
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It’s important to diversify within the asset class e.g. buying different stocks and not owning just one company, but then it’s also important to buy different asset classes as well such as bonds or real estate
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If you don’t take on risk you won’t reap any of the reward that comes with it
People always talk about how the stock market fluctuates but there are ways to add protection which we’ll cover in the next topic -
Over a long period of time you should be investing because of compounding. The power of constant reinvesting is your money will grow and will set you up for later in life. Katie learned how much money she would have if she just started with $100 a month
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Side hustling is amazing as it’s extra income that you never really saw.
You can spoil yourself and be more flexible
Making double payments are super powerful you’ll be done paying off your debt in a fraction of a time -
People are definitely in a mentality that they need to compete with everyone
You need to decide what’s important to you -
It’s really hard paying off debt, it’s very easy to get demotivated and theres so many other thing you could want to spend your money on.
You are not the only person in your position -
It can be an awkward thing to talk about and people feel that they are in a place they want to be.
You will only get to the place you want to be if you have an accountability partner you are in a much better position -
We grow up in a culture where people are sheltered
The work place is a big one, but even with friends you should be talking with them about what they’re doing -
Not preparing, not chatting to family members, some people don’t want to die
Being prepared is the way to go -
Get a professional to help you
Lawyer can get it done, it might be an upfront cost but can be a lot cheaper -
Yes you can but is it what you want to do?
It’s probably a great idea to chat to your family so they know about it and they are about to act on it. -
Takes pressure off
People pray for miracles and it takes the hope away -
Written instruction that details your last wishes regarding a medical treatment
Takes off undue pressure on family -
Katie has a friend who owns a brewery and he said he does now know what work life balance is
People that go full on into entrepreneurship that end up sacrificing relationships
As a new business owner you need to find a work life balance that works for you, this will obviously look different for everyone. -
A ton of hours, people that are entrepreneurs typically work a lot harder than when they are employees.
Nobody will care as much about your business as you will.
As a business owner you’ll end up working a ton more hours
After the 40 hours is when an entrepreneur will typically start working -
People need to know how much money they need
People say you should triple the amount of money you need to get started
You need to consider the cost of living and how you are going to provide for your family
There definitely are consequences and you need to be real, there is no shame having a side hustle -
It definitely depends on your situation, how long have you been saving up
Quitting your day job is a major risk, you don’t have any income secured
People end up doing freelance work just do have food on the table -
You are out there in the hustle as an entrepreneur Your are IT, HR, plumbing, literally everything
It’s one thing saying you’re a CEO but when you’re starting out it’s very challenging but you can learn a ton of skills that can set you apart
Your problem solving abilities become really good
There is also major upside from being an entrepreneur - Se mer
