How to Become A Profitable Person

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Listen Money Matters

Careers, Business, Investing, Education

4.4 • 2.3K Ratings

🗓️ 13 May 2019

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you run your own business, you go to great lengths to make sure that your business is a profitable one. Both Andrew and Matt run their own businesses. They regularly go over their accounting to see if the businesses are spending too much money and if they are, where? Do the profit margins need to be increased? How much money is being held in reserve in case of a period of lower cash flow? But how many of us do these things and ask these questions when it comes to our personal finances? We watch every penny going into and out of the business’s bank accounts but we’re much more cavalier about our personal bank accounts. It’s the weird dichotomy where we will sometimes say mean or rude things to friends or loved ones that we wouldn’t dream of saying to a stranger. Perhaps it’s because it’s easier to be objective about our business than our personal life. Ever how much you consider your business to be your baby, a part of you, it’s not you. Your life, which your personal finances are a big part of, is you. Your business is a thing but you’re a person and people have desires. You’ve never treated your business to a new pair of shoes or an expensive dinner out. How about yourself? Exactly! The question we’re asking is if you looked at your personal finances as if you were running a business, would you still be in business? You already run a profitable business, let’s focus on becoming a profitable person. There are seven principles to becoming a profitable person. We’ll explain each one. Full Article Here Show Notes Ten Fiddy Barrel-aged Imperial Stout Tor Triple Black IPA from Norway Black Ball or Bale Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey guys, I wanted to share something new I've been working on.
0:05.7	It's called Seeking Profit and it's a podcast where we talk about the second phase of my
0:10.2	personal finance journey building online businesses.
0:13.9	These businesses earn money while I sleep and have detached my time from my income.
0:19.2	Since 2013, I've generated millions in revenue with these websites.
0:24.2	I felt it was long overdue to create a show in Listen Money Matter Spirit that taught the
0:29.6	ins and outs of online business building.
0:31.5	This is my biggest passion and if you're interested in coming along for the ride,
0:35.7	just head over to SeekingProfitShow.com or search for Seeking Profit on YouTube or your favorite podcast app.
0:43.4	We're Seeking Profit!
0:50.6	Hey everybody and welcome to Listen Money Matters. Don't waste your time on jealousy,
0:54.9	sometimes you're ahead, sometimes you're behind the races long and in the end it's only with
1:00.4	yourself. My name is Matt and I'm here as always with Andrew Andrew. How are you and what are you
1:05.6	drinking? Excellent. I'm drinking a 10-fiddy. Oh, Oscar Blues. Is that what it is? Longman Colorado,
1:14.6	baby. In the name for Colorado, it's all lowercase except for the Rad, so it's Colorado.
1:21.3	Wow. It's half big, fully roasted, barrel age and perils stout obviously.
1:27.9	Dude, one of my favorite beers. One of my favorite beers.
1:31.6	Very nice. I feel like I'm becoming a stout connoisseur.
1:34.8	Oh, that's good. Maybe that's my thing. What are you drinking, sir?
1:38.8	I am drinking a beer from Norway called Tulle and it is a triple black IPA with coffee
1:48.4	and it's called black ball, I believe, or black bale. So yes, I'm in the dark category as well
1:55.7	today but not stout world. I'm in IPA world. But I digress. Today's catchphrases from Cam. Thank you,
	...

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