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The Hair Game

HIGHLIGHTS • The Top 3 Mistakes You Are Making With Your Money w/ Stephen Ellis

The Hair Game

Salon Republic

Business, Arts, Fashion & Beauty

4.6570 Ratings

🗓️ 2 October 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

These are clips highlighting some of the topics discussed in the full episode! Check it out if you want a bite-sized version of the full episode.

Educator, Author, and Founder of Untouchable Academy @mr.steveellis helps hairdressers & barbers understand their finances.

He shares with us a TON of advice and tips on how to save more money, as well as how to make your money work for you!  

This Week's Topics:

• Growing up in the barber shop, getting licenses after college

• Why hairdressers struggle with managing their money

• mistakes hairdressers are making with their money

• Importance of protecting your money with insurance

• His training academy – why he started and how it works 

 

To purchase his book 'The Mindset of Acquiring Wealth' click here:

https://stephendellis.com/product/the-mindset-of-acquiring-wealth/

 

Video versions of our episodes are on our YouTube channel for you to watch! Subscribe to our channel The Hair Game on YouTube and check out 'The Hair Game Podcast' playlist.

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Transcript

Click on a timestamp to play from that location

0:00.0

Coming up are the highlights of the full episode.

0:08.9

Hey, listener, I'm Eric Taylor.

0:11.2

So Salon Republic, Emeryville is opening later this year.

0:14.4

You can tour it in person or virtually right now just at the link in our Instagram bio or go to salonrepublic.com. Our guests here on the

0:24.4

podcast love to hear from you. So if anybody particularly inspired you, reach out to them,

0:30.4

DM them or email them or whatever and let them know. Now to my conversation with Stephen Ellis.

0:38.4

So as a as a beginner, as we talk about your book, the first question that I have is, why do

0:45.8

so many salon professionals struggle with managing their money?

0:50.0

Nobody ever talks to them unless they're lucky enough to have a parent or a mentor most people

0:58.2

get into this business young and they don't get any financial guidance um to what they should do

1:09.8

with their money and that's pretty much every profession.

1:12.6

You talk about the beauty profession.

1:14.5

You talk about, you know, the NBA, the NFL, all these guys come in out of college,

1:20.2

really skilled, and they make a lot of money.

1:23.6

And unless they listen to somebody, they just run through it.

1:27.1

So, you know, that's the reason why I got it was to hopefully give some education and some literacy to these young folks who were getting into the business.

1:36.1

Isn't it amazing that you can go through the educational system, the standard general educational system?

1:44.0

And I'm going to say in the United

1:45.7

States, and I think it's in other countries too, but I'm not so sure. But you can go through

1:50.6

the educational system with the normal curriculum that we have, you know, grade school, elementary

1:56.9

school, high school, and even college, without having one class on personal finance.

2:04.2

Not one class.

...

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