What's up everyone? Welcome back to another episode of Founders Journal. I'm Alex Lieberman,

co-founder and executive chairman of Morning Brew. Today I am talking about how to spend your money wisely.

Simply put, most startups and their founders don't spend their money well, often using

it as a crutch for a suboptimal product or a misguided tool for growing their business too quickly

and growing it the wrong way.

I'm going to read two of the best

essays on this topic and then provide my analysis. The first essay is by E.

Gil who is a successful entrepreneur and arguably the greatest angel investor in the world.

The second essay which is called default alive or default dead which you may have heard of

is by Paul Graham the founder of Y Combinator.

Let's hop into it. Entrepreneurs know that after end of year starts yet another crucial season beginning of year.

Don't waste time by manually sending out invoices and following up on overdue payments.

And definitely don't throw away your hard-earned profit on transaction fees.

Avoid expensive payment processors and start off 2024 strong with a little help from Finley. Finley is a digital back office

platform that helps businesses manage all of the time-consuming operations that come

with well running a business.

No need to hire a team of employees to send out invoices in quotes, follow up on payments, and

track inventory.

Automate your business with Finley. The best part, Finley doesn't break the bank.

The annual plan is $397 per year so you can set it and forget it. And if you don't love

it, no problem. If Finley doesn't help you run your

business better within the first 30 days, you'll get a full refund. Get started at Finley.com slash founders journal, that's F-I-N-L-I-D-C-C-O-C-O-T-O-T-O-O-T-O-O-T-O-T-T dot com Okay, so before I start reading this, just to give you the lay of the land, I'm going to start by reading Eilad Gill's essay, which is titled Capital Eft Businesses, and then I'm going to move to Paul Graham's essay for a few minutes after it's mentioned in the first essay and then finally I'll come back to E. Laud's essay to finish it off.

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