126. Lessons From My 7-Figure Business Bankruptcy with Patrice Washington
the bossbabe podcast
Natalie Ellis
4.9 • 2.6K Ratings
🗓️ 19 October 2020
⏱️ 52 minutes
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| 0:00.0 | This was about purpose. |
| 0:07.4 | This was about serving the people that I was called to serve |
| 0:12.0 | in my unique way and knowing that they would find me and I will find them. |
| 0:17.1 | Your business or career is only going to grow to the extent that you're willing to heal. |
| 0:21.5 | So whenever you feel trapped, I always invite people to look for the |
| 0:25.1 | clutter physically that that might represent. |
| 0:27.5 | Well, hello there friend. This is going to be an epic episode because we are talking about money. I'm a Capricorn, so I feel like money is my love language, to be honest. And today's episode is all about money and building wealth and this is a topic I get asked |
| 0:46.3 | about all the time. So before we dive in I want to just give you a couple of my little |
| 0:51.8 | hacks or tips around money. The first thing is if you are saving |
| 0:56.1 | in cash and you're not investing your money right now, use a high interest savings account. |
| 1:01.1 | I was just keeping my money in the bank for a really long time and someone was like why don't you put it in a high interest savings account where you're actually going to get a lot more interest than if it's just sitting in the bank. So I did that. I actually use a company called Marcus. It's a Goldman Sachs company. This Stotsbahn said there are so many different versions of them. And I'm probably not listing even the best ones so go have a look. |
| 1:23.5 | Obviously that's not available in the UK but there'll be different ones in the UK. |
| 1:26.8 | So that's one thing that I've been doing because we're looking at buying, building houses right now, |
| 1:32.4 | figuring out what that looks like. |
| 1:33.6 | So I want to be holding cash versus investing a lot, which is what I was doing over COVID, |
| 1:39.1 | because the stock market was not at the best place it's been in, so we put money in and made quite a lot of money from investing in the stock market over COVID, but right now we're not. |
| 1:48.8 | I think everything's just so rocky right now. I'm just kind of sitting back and watching and seeing what |
| 1:53.0 | happens. So if you're not investing and you want to be making more money from |
| 1:56.6 | money sitting in the bank, definitely look into one of those accounts. And then the |
| 2:00.6 | other thing, this is one thing that I tell everyone who wants to get better at, |
| 2:05.2 | managing money, their money mindset, all of that kind of thing is just really look at your money. |
| 2:11.2 | So I have spreadsheets up. I use an app called co-pilot again I'm not sure if this is in the UK and this is not sponsored at all |
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