Welcome to the Jill on Money Coronavirus Market Update.

It is Saturday, August 29th.

Mark and I need to take some time off.

We're rebroadcasting some interviews, some stuff that may have not even made the air.

Mark went back through the archive and found this really terrific conversation with Chee Wong.

He is the CEO of a company called Boxed.com and in this first part of the interview

we're going to talk about how he formed Boxed and his background in general. I hope you enjoy this. Remember if you have a

financial question feel free to email us ask Jill at Jill on Money.

com. Ask Jill at Jill on Money.com. Here's our interview with Che Huang.

What is your best career or financial decision you've made in your very young life?

So I have to say that I kind of cheated on this and so I was ready for the question and so I was

thinking about it for quite a while.

Most folks because we are a startup and I left my job kind of cold turkey years ago to start our first startup, even before boxed.

So most folks would say, you know, best decision was getting up out of my desk, dropping the mic and throwing up the middle fingers at the managers and walking out.

And that wasn't it. So that was fun, but I didn't do that by the way, it was it was a fun experience of my life but I would say the best decision was actually to

Save a year of runway for myself meaning that I had a year of savings in the bank where I didn't have to

modify my lifestyle, didn't have to change the way I went out to eat, didn't have to move apartments

for a full year so I could really give this startup thing a shot.

That's great. What's always amazing to me is to consider how many people don't have an adequate emergency reserve fund and how many founders

have said to me like, oh man I made bad decisions because I just didn't have any money?

Totally and that could be a big huge problem if you are entrepreneurial. So a lot of folks you know when they quit their jobs to start their own businesses, like, even if they raise money, they're like, okay, I have this much runway for my company.

But a lot of them don't realize that like your personal runway is just as important in the beginning because when you first found a company you're kind of like the parent of that company of a small child

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