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#8: How Do You Make Sure You Never Run Out of Cash?
Business Made Simple Podcast
The Importance of Diversifying Your Overhead
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Take a salary out of your salary and create overhead essentially. Then when it gets to a certain level, put it into profit, put it in investment,. Because everybody needs a six month runway in case something happens as well. It teaches you really early to live off a small percentage of what you make. So this applies not only to business, but the personal side of things as well.
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