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Making Money
S5E4: "I was doing everything right…then I made mistakes that cost me nearly £20k"
Nov 11, 2024
A listener shares their costly investment blunder, revealing how years of careful planning led to a major financial setback. The discussion uncovers the emotional toll of money management and the lure of influencer advice that can sway investment choices. Personal stories highlight the importance of resilience, community support, and the need for careful discernment in selecting financial advice. Mistakes become valuable lessons, underlining the significance of education and shared experiences in navigating the investment landscape.
01:08:39
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Quick takeaways
- Compliance with regulations like GDPR and SOC 2 is essential for building client trust and securing business deals.
- Early life financial experiences significantly shape individuals' attitudes towards money, affecting their investment decisions and wealth accumulation later in life.
Deep dives
The Importance of Compliance in Business
Compliance is a crucial aspect of running a business, especially when it comes to meeting regulatory standards such as GDPR, SOC 2, and ISO 27001. These regulations, while not the primary focus of entrepreneurship, are essential for securing deals and building trust with clients. Outsourcing compliance tasks can significantly streamline operations and reduce the time and costs associated with preparing for audits. Utilizing services like Vanta allows businesses to automate up to 90% of compliance work, making the process more efficient and manageable.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode