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What’s the best money advice you’ve ever received?
Separate your business assets from your personal assets.
What’s the worst money advice you’ve ever received?
The advice to entrepreneurs that you should raise money from investors at any valuation without worrying about dilution. As a result, too many entrepreneurs end up owning very little of their business once they have an opportunity to exit.
Would you rather receive a large sum of money all at once or a smaller amount of money every week or month for life?
I would rather take the large sum right now and use it to bring a business to life. Not only can this be more financially rewarding, but it’s also a lot more fun than just sitting around waiting for the money to arrive.
What do you think is the most underrated financial advice, tip or strategy?
Diversifying your income. Whether it’s through a side hustle or working in a variety of different roles, you can sometimes stumble into work which is more lucrative and rewarding than expected.
What is the biggest misconception people have about growing money?
When it comes to entrepreneurship, I think there’s a misconception that it takes a huge financial investment in order to start and grow a new business. This differs from business to business, but you can incorporate a sole proprietorship for as little as $49!
Can you share a money regret?
I regret waiting so long to become an entrepreneur. Every day I’m still learning about running a business (and making mistakes). You get better over time, but I could have learned some valuable lessons sooner.
What does the word “value” mean to you?
I try to find value through using smart technology and automation tools across Ownr. You can always pay someone to do the menial tasks of your business, but technology can free up your people to focus on creative and meaningful tasks. That’s where I think real value lies—in giving people valuable work and helping them avoid burnout.
What’s the first major purchase you made as an adult?
Investing in my education was my first important financial decision as an adult, and it’s one I’m glad I made.
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