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CIP 027: The Uncomfortable Truth About Entrepreneurship That No One Talks About with Tom Krol
Manage episode 412591066 series 3550647
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This episode with Tom Krol rips the bandaid off the REAL struggles of entrepreneurship. We're diving deep into the nitty-gritty: building wealth that lasts, the sneaky difference between what you think you're making and what you actually get to keep, and why tracking your net worth is your secret weapon.
Tom pulls no punches. This is the unfiltered truth you NEED to hear, but rarely gets discussed. Buckle up and get ready to rewrite the entrepreneur rulebook!
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Key Takeaways:
[0:50] Introduction
[1:43] Growing and compounding your networth and cash flow
[2:35] Gross vs Net income
[4:33] Wealthy and successful people know and measure their net worth
[11:04] Pay your taxes every single quarter!
[12:08] Make sure when you make your purchasing decision that it is based on cash flow and net worth
[14:43] When it comes time to spend money, slow down
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Resources:
Check out www.coachinginc.com and turn your coaching passion into a thriving business!
If you would like Tom's help in building/scaling your coaching business, go to www.coachinginc.com and fill out an application for your opportunity to work with him personally.
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