Jun 17 2024 44 mins
Personal finance as an entrepreneur can be beyond confusing. Not only does much of the personal finance advice out there apply to those with paychecks, but we also get conflicting advice.
Entrepreneurship is inherently risky. With so much personal finance being about saving for a "rainy day," estimating conservatively, anti-debt, etc. it can feel like you can't make a right move as an entrepreneur.
On the other hand, there's few too many "success" stories out there of entrepreneurs making millions of dollars but having a million more in debt, none in savings, little to no profit margin, etc.
I'm not a financial advisor, but I have navigated both extremes. I've gone into credit card debt AND now run a debt-free business. I've been terrified to quit my 9-5 AND turned my 9-5 salary into my monthly salary. I've had to pay for health insurance out of pocket AND max out my HSA account annually.
You CAN do both. Here's my journey and I hope it helps you.
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If you want more inside business secrets, then head over to my Seven-Figure Secrets Podcast! There, we discuss what goes on behind the scenes of running a seven figure business, and I give you the scoop on how to make it happen for you.