The Best Financial Advice for Getting Rich as an Entrepreneur

[00:27] Today’s Topic: The Best Financial Advice for Getting Rich as an Entrepreneur

[00:35] Eric poses the question: When you’re starting out and you make money, what are you going to do with said money?

[00:50] Eric’s best advice is to re-invest your profits in your company.

[01:02] Elon Musk has said that the best investment is in yourself; it’s something you can control.

[01:21] Neil’s advice is to focus on one thing in terms of your investments.

[01:45] If you want to get rich and do well, focus on one thing and become an expert at it.

[02:43] Figure out what you’re the best at and monetize it.

[03:03] Neil attempts to monetize being a great digital marketer.

[03:30] Eric says to think of being successful as a circle. Think of the edge of the circle as achieving success and you will never reach the edge of the circle if you aren’t focused on one point along the edge.

[04:18] Warren Buffett only invests in things he completely understands, which is why he doesn’t invest in Microsoft.

[04:45] That’s it for today!

[04:47] Eric and Neil recommend the Problem Solvers podcast, because there is a great episode about the Hello Fresh CEO. To listen go to singlegrain.com/solve.

The Best Financial Advice for Getting Rich as an Entrepreneur | Ep. #505