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The 10 Minute Entrepreneur

Ep. 464: The Eight Stages Of Wealth Building

The 10 Minute Entrepreneur

Sean Castrina

Marketing, Entrepreneurship, Business

4.8308 Ratings

🗓️ 18 December 2023

⏱️ 17 minutes

🧾️ Download transcript

Summary

Most of us who want to be entrepreneurs also want to build wealth and change our financial status. Each stage doesn't always come in this order but you typically go through all eight.

 

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seancastrina.com

Transcript

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0:00.0

You are listening to the 10 Minute Entrepreneur podcast with host Sean Castrina.

0:11.6

Most of us who love entrepreneurship, we do it because we'd like to get wealthy.

0:16.3

We'd like to change our financial situation or maybe the financial situation we came

0:22.4

from and we want to have some independence and so we're going to get into that today.

0:26.8

So you're listening to the 10 Minute Entrepreneur podcast and we're going to talk about right

0:31.0

now is the eight.

0:32.0

What I believe are really eight stages in wealth development and I'm not saying they

0:36.3

come in exactly the order I'm going to share it with you but I believe you have to kind

0:40.8

of go through all eight and they go very close to the order that I'm going to share

0:46.6

with you.

0:47.6

The very first stage if you're trying to get wealthy is there's a value in a dollars.

0:54.8

At some point you start realizing I mean having money is a good thing like like all things

1:03.0

aren't equal.

1:04.0

You know this idea that you know it's okay to be poor or a minimalist or that I just

1:09.1

think it just justifies being lazy.

1:12.8

To me it just justifies having a standard of living that you don't have to have and

1:18.2

we'll get into what you do with your money but I don't think there's anything wrong

1:21.1

with wealth at all.

1:23.4

Again I believe that you know every dream of a nonprofit requires the giving of an entrepreneur

1:30.4

okay.

1:31.4

It requires money.

1:32.9

So the very first stage really is at some point you start to value money.

...

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