Defunking Your Business Finances - Spend More To Make More
There is a common myth that a lot of people believe... "You have to spend money to make money."
Following the herd mentality that everyone is doing 'it' can be very dangerous for our business and our finances. Anything that is supposed to work for everyone and everything is a giant red flag of danger. Taking control, using your brain, and doing the calculating can prevent huge losses in investment of time and money.
This week's discussion included...
- debunking myth and hype
- strategic spending and strategic timing
- tipping of the investing scales
- everyday spend vs investment
- examples of spending to make more
- spending as an excuse causes trouble
- 'one-size-fits-all' rules are dangerous
Making more money in real estate may take spending more money to buy more real estate, however, spending more money on some things is actually putting your business in the danger zone. Following the crowd because 'everyone is doing it' is never a good strategy. Take control of your flipping digits and spend more on the things that are necessary to make more money.
Happy Strategic Spending Biz Bean$ to you!
Kerry & Kim ☕
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Information contained in this podcast should be taken as general advice only and your personal circumstances have not been taken into account. It is recommended that you seek financial advice from a professional who is licensed to do so. If you choose to act upon the general advice shared, you do so at your own risk.
