294 | Investing 101: How Entrepreneurs Should Approach Investing Differently

The Greatness Machine

Darius Mirshahzadeh

Education, Entrepreneurship, Business

5.0 • 135 Ratings

🗓️ 23 August 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by BetterHelp. Give online therapy a try at betterhelp.com/MACHINE and get on your way to being your best self. Ever wondered how exiting a successful business can turn your financial world upside down? In this episode of The Greatness Machine, I am flying solo to share some hard-earned lessons from my own journey through entrepreneurship and investing. I dive into the unexpected challenges that hit after you exit a business and how they can impact your financial future. After my own business exit, I faced a critical realization: just because you are great at making money does not mean you are automatically skilled at managing it. I will also explain how my initial missteps led to valuable insights and the strategies I have developed to turn things around. Join me as I lay out the key elements you need to consider to protect and grow your wealth effectively. From the basics of cash flow to the nuances of investment structures, I will guide you through what it means to manage your money wisely after a big exit. This is part one of a series where I will delve into these topics and share insights from my experiences. Tune in to discover how you can avoid common pitfalls and make informed decisions that align with your personal financial goals. Topics include: Establishing a solid passive income strategy before exiting Prioritizing tax efficiency for entrepreneurs Understanding the difference between earning money and investing wisely Implementing risk management for effective wealth preservation and growth Avoiding panic selling and aligning investments with risk tolerance And other topics… Connect with Darius: Website: ⁠https://therealdarius.com/⁠ Linkedin: ⁠https://www.linkedin.com/in/dariusmirshahzadeh/⁠ Instagram: ⁠https://www.instagram.com/imthedarius/⁠ YouTube: ⁠https://www.youtube.com/@Thegreatnessmachine⁠ Book: The Core Value Equation ⁠https://www.amazon.com/Core-Value-Equation-Framework-Limitless/dp/1544506708 This episode is sponsored by Porkbun. Go to https://porkbun.com/GreatnessMachine24 and get your .PRO domain for only $1 for the first year at Porkbun! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Mom, Dad, I'm back.
0:05.0	It'll only be for two weeks, a month, tops, till the roof's fixed.
0:08.6	Till we get our deposit.
0:10.6	Where's the remote? Still got Netflix?
0:14.0	T&T Sports.
0:15.0	Where's now?
0:16.0	TV that flexes with your home?
0:18.0	New E. TV lets you turn your subscriptions on and off as and when you need.
0:24.0	Search E E. E. T. E. T. requires E. E. E. broadband. 24 month contracts.
0:28.8	Content may vary terms apply. What's up gang? What's up gang?
0:35.0	Welcome to the Greatness Machine.
0:36.0	I'm your host Darius from Shazday.
0:38.0	I'm so pumped out here with me.
0:40.0	The Listen, the Greatness Machine were about two things.
0:42.0	Number one, people were living their two things, number one.
0:43.0	People were living their passions, and number two, those who are creating greatness in the world
0:47.0	and doing both of these things despite the odds against them.
0:50.0	Each episode, we're going to feature interviews with game changers,
0:52.6	business leaders, you know, telling us their origin stories, what made them tick,
0:56.0	what got them to where they are now. Why? So it can help you step into your greatness within your life,
1:01.2	your business, and your career.
1:02.8	Occasionally, you might hear a few solo episodes for myself.
	...

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