The Lifestyle Investor - Investing, Passive Income, Wealth cover image

134: Mind Your Mindset with Michael Hyatt

The Lifestyle Investor - Investing, Passive Income, Wealth

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The Importance of Deal Heat

The terms that you agree to are everything. And you need to know those terms because you could be running an amazing business, but you could also be set up to fail based on the way some of the covenants read where the business is profitable. That one covenant can sink you and hold you in default on a note or on an agreement where you could lose part of the company or you can lose in this case in your case, some of your own. So I like to do forecast on a three tier system. Like, what's the best case? What's the most likely case sort of a middle road thing? And then what's the worst case?"

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