TMBA 196 (LBP162) - A 21st Century Financial Script
After spending some time back in the States, both Dan and Ian have been experiencing some different viewpoints on personal finance. Many of which are based on 20th century circumstances and have survived the turn of the century in our society and our mindsets.
This episode is dedicated to showing you some base level shifts in your personal finance mentality that will prepare you for success in entrepreneurship. Dan and Ian both share their viewpoints on upgrading their working class American financial influences to set themselves up to reap the benefits of small business ownership.
I Deserve It, But Can I Afford It?
The American home ownership fettish and why this isn't optimal for you as an entrepreneur.
The Mark Cuban Warchest Theory and how that will give you optionality and buying power when it matters.
Your mindset on spending, personal belongings and how you can extend your business' runway.
Why calculating luxury expenses by a percentage of your net worth can be an incredibly potent exercise.
Mentions:
Dave Ramsey - The Dave Ramsey Podcast
Barbara Kiviat - Time Magazine Article
Mark Cuban - His Blog and The War Chest Theory
Eric Dubs - Bed Phones
Just The Tips
PZIZZ - Elisa Doucette - @ElisaDoucette
SleepStream 2 - Jesse Lawler - @LawlerPalooza
The Jam
“Lay Low" - My Morning Jacket
Upcoming Events
July 5 - DCx WDS Portland
July 19 - DCx Amsterdam
October 18 - DC BKK
Get Your Voice On The LBP
Leave us a message. It’s easy to do, just attach a simple .mp3 recording to the email.
Have fun. Leave a comment. Go make it happen! :)
Episode length: 29:04
Download options:
If you want to download the audio, you can sync with the iTunes store
Android, Apple, Palm & other listeners can listen on Stitcher Radio
Or right-click here for a direct download.
If you've found the podcast at all helpful or entertaining, we'd love if you could click over to our iTunes page and give us a positive review or visit Stitcher radio and give us the good ol' Thumbs Up. This will help us to get more listeners and invest more in the podcast! If you know some ways we can make it better, please send us an email: Dan at lifestyle business podcast . com.