REAL AF with Andy Frisella 643. Q&AF: Paying Yourself In Business, Avoiding Complacency & Dealing With "Bare Minimum" People
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Feb 5, 2024 In this episode, Andy answers questions about paying oneself in business, avoiding complacency, and dealing with people who do the bare minimum. There are discussions on backlash and learning from mistakes in business, cancel culture and the need for tolerance, finding balance in business and personal finances, and creating a positive and productive culture by eliminating negative influences.
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Reinvesting Profits
- Reinvest profits back into your business for as long as possible to maximize growth.
- Delay gratification on material purchases; focus on long-term wealth.
Andy's Early Frugality
- Andy Frisella lived frugally and reinvested in his business for years.
- He even moved back in with his father at 27 to save money.
Avoid Complacency
- Continuously raise the bar for your goals, even before achieving current ones.
- Complacency hinders long-term growth and success.