For small business owners and entrepreneurs, it’s essential to create an unfair advantage in life. That means doing something that nobody else can do, or doing what others do, but better.
In this episode, Paul Halme will teach you how to do that using simple techniques. So whether you’re just starting out or have been in business for years, read on to learn how to take your game to the next level!
Check the episode out HERE
In This Episode (How to Create an Unfair Advantage in Life):
[2:25] How Paul was introduced to the stock market in elementary school using fake money
[3:43] Being a Stock Broker was the best job he ever had
[12:50 ] Using other people’s money to generate cash flow by Robert Kiyosaki
[15:18] One of the struggles of entrepreneurs is managing their finances
[20:10] How do kids get an unfair advantage in life?
[25:17] Biggest Tip: Start learning about investing and start doing it
Important Quotes:
“Put X amount of money in long-term planning: investing. If you want to speculate, then speculate. But don’t ever get caught in leverage.”
“Leverage is where all the problems come from. Leverage is super tempting, but once it turns — it turns hard.”
“I wouldn’t trade that experience (being a stockbroker) for anything. I think it made me a better entrepreneur with a deep understanding of money and finance.”
“Spend as much time in your money, as you do in your business.”
“The earlier you can treat your business as a real business (treat your business like a publicly-traded company), the easier and better it will be.”
“It starts at home. Change the way you talk about things.”
“There’s so much money out there but we don’t know about it until someone shows us the way.”
Paul Halme has some great insights for entrepreneurs who want to improve their finances and create passive income. Check out even more podcasts HERE for more tips, or reach out to him if you have any specific questions.