Making Money “I got rich when I stopped focusing on my finances” - Olly Richards
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Feb 3, 2025 Olly Richards, a successful entrepreneur and former jazz musician who speaks eight languages, shares his unique journey from music to education. He discusses the tension between enjoying life now and planning for the future, drawing inspiration from his musical background. Olly argues for prioritizing personal growth over mere savings in your 20s and emphasizes the simplicity of mastering personal finance like learning a language. He also highlights the importance of networking, continuous learning, and following one’s passions to unlock business opportunities.
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Early Financial Focus
- Olly Richards prioritized saving for retirement even with low income as a jazz musician.
- Despite financial constraints, he automated savings, driven by a fear of future poverty.
Entrepreneurial Shift
- Entrepreneurship shifts perspectives on traditional financial rules.
- Olly Richards's stable teaching career reinforced the urgency of saving due to limited income growth potential.
Early Investing
- Start investing early to benefit from the power of compounding.
- Delaying investment means missing out on future growth.