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Rich Habits Podcast
Q&A: Opening a Franchise, Selling a New Product, and Income-Producing Assets
May 2, 2024
Learn about selling 401k holdings, avoiding college costs, managing property depreciation, generating income in portfolios, launching a card game with no funds, and franchising insights in this informative Q&A podcast episode
26:12
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Quick takeaways
- Research franchise fees, success rates, and profits before investing in a home care franchise for informed decision-making.
- Liquidate underperforming Roth IRA holdings to invest in high-return ETFs like VOO and QQQ for enhanced long-term savings.
Deep dives
Starting a Business Venture
Courtney, a nurse, contemplates investing $30,000 in a home care franchise. Franchises offer established processes and marketing models, but lack full control over business operations. It is crucial to research franchise fees, success rates, and actual profits to avoid buying a costly job. Franchises require active involvement and diligent decision-making, demanding thorough consideration before committing to such an investment.
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AI-powered
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode