"Being smart with money doesn’t have to involve high-risk investments or thousands of dollars in the bank. On today’s show, the lads share how to become more financially savvy and how to reframe your money mindset to help increase your wealth."
How do you become smarter with your money?
Today's episode will be short and sharp in the hope that you take something direct away from it.
You must be smart with your capital from day one.
We have been told for years, to put away $50 a month. But why put it away? Put it out to play!
If you don't have money right now, it's probably because you don't have the skills or knowledge to increase value in the marketplace. offering a service or improving products to sell on are all examples of this.
So invest in those skills first as they can make you the money you require.
Leverage is everything!
Why is it absolutely fine to invest in a house or in your education, but it's not okay and now 'risky' to invest in our own business?
"The books I read outside of college are the ones that changed my life" - Stephen Somers.
When you are doing business for yourself, you need a wider scope of knowledge, you aren't learning to be a cog in the wheel, like at school, You want to be learning how the wheel works.
To make capital valuable, you have to understand how you will make it work for you. There is no point having it if you don't know what to do with it!
You as an Amazon seller, you are leveraging other peoples skills all the time. You are outsourcing a factory to make your item, freight service to transport it, Amazon.com to sell the item etc...
You don't need every skill under the sun to run a successful business, but you must know who and what you can leverage to make it work.
Capital helps us to buy resources, it is us that then leverages those resources to male the plan happen!