147: Treat yourself like a Business - 7 KPI Series, Pt.3

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By Hector Avellaneda, Economics Discussions w/ Guests like Anthony Tran, and Fabian Calv. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

As promised, this week we are bringing the "7 Wealth KPI" series to an end. But the fact of the matter is, that we are jut getting started. If you've been listening to this series, then you know exactly what I mean.

Over the last 2 episodes of this series, I've covered why it is critically important that you as an individual being to treat yourself like a business. What do I mean by that?

As a loyal listener of this podcast, I know there is one thing that you want more than anything - Financial Freedom.

Why? Because financial freedom will buy you the lifestyle freedom to live your life however, which whomever and wherever you want & the time freedom to live it on your terms and time frame.

But, there is a BIG but...

How do you get there?

Well, you can invest the earnings you get from a job and over time, it is possible to reach financial freedom. But a job alone will not do it, fort he obvious reasons. Stop working and there goes your income inflows.

The only way to obtain financial freedom is by providing an incredible amount of value to your fellow man through the market system - entrepreneurship.

In essence, you have to provide so much value, that your fellow man will voluntarily give you the dollars in his pocket (or his back account) because he values your product or service more than the money itself.

So that's it! That's the answer. Become an entrepreneur!

Easier said than done right?

The problem is that one of the biggest hurdles that holds people like you and me from staring a business is that fact that we don't know if we can financially afford to do so?

In other words, do we have too much credit card debt, student loan debt, car note debt, mortgage debt, etc, etc, to even be able to set aside $100 bucks a month to get our first website off the ground?

I think, subconsciously we absolutely know the answer to that, but consciously we toil with the question over and over again and, well, sitting down and actually find out the real answer may be too painful to our ego, so we decide that the addition to not knowing whether we can get started is what we'll settle for.

This is literally what happens is our heads.

So, if you're going to become a business owner, the jury is in. You have to get your financial house in order.

How are you going to do that?

Well, first you have to give yourself compassion and you have to understand that you cannot change the financial decisions that you've made in the past. You can't go back and un-buy that car, un-buy that 75-inch 4K flatscreen or request a refund from your University for educational malpractice. (C'mon. Seriously! Have of most degrees are useless) See what I just did right there? ;)

The second thing you are going to do is, you are going to start to treat yourself like a Business!

You are going to start to track your Wealth KPIs. Not just this month, or next, but for the long term.

we started this conversation in episode 144: Treat yourself like a Business - 7 KPI Series and we are ending the series with this episode today.

But your journey (our journey) is just getting started. In this final episode of the series I am going to share the most important step of all.

I've saved the best for last.

152 episodes