Episode 20: Screw Your Safety Net
Real Business Owners
Trevor Cowley
5 • 704 Ratings
🗓️ 16 October 2019
⏱️ 34 minutes
🧾️ Download transcript
Summary
Despite what you might assume, building a “safety cushion” of 5-10K just to have in case “something bad happens” is counterproductive for anyone looking to get into business. This is especially true if an unwillingness to part with this lump sum prevents you from taking advantage of a golden opportunity. You’re much more likely to succeed as an entrepreneur if you can light a fire under your ass, and the comfort of a safety net isn’t doing you any favors in that regard.
As always, we don’t advocate being reckless with your money, but this episode covers in detail why we’re against clinging to a petty emergency fund. Other topics include proper money mindset and investment red flags.
Connect with us:
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Real business owners. |
| 0:03.0 | Guys, welcome back to the Real Business Owners podcast. |
| 0:06.1 | This is episode 20, brought to you guys by Easier Accounting. |
| 0:10.4 | Now, we've had a few people reach out to us and ask if we work with small businesses. |
| 0:14.8 | Guys, we work with any size business nationwide. |
| 0:17.6 | If you need bookkeeping, tax prep, payroll, make sure that you reach out to us. |
| 0:22.9 | Today's episode is going to cover safety nets, guys. Safety nets ultimately give you a false sense of |
| 0:29.1 | comfort, and me and Kel wanted to chop it up with you guys a little bit in regards to this topic |
| 0:34.9 | and why we're not big fans of the term or the word safety net. |
| 0:39.7 | Tell you got anything to add to that real quick? |
| 0:41.9 | What's up? |
| 0:42.9 | No, I'm just glad to be doing another episode. |
| 0:45.3 | I like these ones where it's just the two of us, man. |
| 0:47.2 | Sometimes we're able to chop it up. |
| 0:48.3 | I mean, I love the ones with the guests, too. |
| 0:50.1 | Dude, there's been some good ones. |
| 0:51.5 | We have done like this for a minute and i like i like these ones too i've got a lot of response from uh jeff's podcast i've got a lot of dms right man this one was really |
| 0:59.5 | really good yeah if you haven't listened that one go back to it jeff's brilliant man that's what i |
| 1:03.3 | said man like guys just always succeeding at things that he sets his mind to, so I know he could bring a lot to the group for sure. People were DMing us and quoting some of the stuff that he said. |
| 1:14.0 | And one guy yesterday liked that he figured out what the word entrepreneur, where it came from |
| 1:20.3 | or whatever, was like grasp and swim or something like that. |
| 1:23.4 | Yeah. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Trevor Cowley, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Trevor Cowley and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.