Be Your Own Investor | The Ambition Show | Episode 10

Do you have a rich uncle that will blindly give you $20,000 to invest in your first business endeavor? Oh no! Really!

Well you’re not alone, in today’s episode we will go into the different methods of financing your dreams and what is needed to secure the capital needed to start, develop, and even grow your business.

Visit The Ambition Show on YouTube to see this plan step-by-step:

• Side hustles and gigs with a purpose
• Your initial investments will be based on what you are trying to achieve
• Save and Invest in yourself like it is a bill
• Use the "Save the Week" savings plan to start

BOOK OF THE EPISODE

"Why aren't I as wealthy as I should be?" Many people ask this question of themselves all the time. Often they are hard-working, well educated middle- to high-income people. Why, then, are so few affluent. For nearly two decades the answer has been found in the bestselling The Millionaire Next Door: The Surprising Secrets of America's Wealthy, reissued with a new foreword for the twenty-first century by Dr. Thomas J. Stanley. The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. You will learn, for example, that millionaires bargain shop for used cars, pay a tiny fraction of their wealth in income tax, raise children who are often unaware of their family's wealth until they are adults, and, above all, reject the big-spending lifestyles most of us associate with rich people.

 

How to purchase the book: https://amzn.to/3w4m5UC

 

TAKE-A-WAYS - LEARN & ACT

• Don't know where to find trusted mentors that know what they are talking about? Go to score.org you'll be matched with experienced business professionals that can help you save time and money. Go here: https://www.score.org/find-mentor
• As for your budget, so you don't get hung up on where to start I'm giving you the budget templates that I have used for my entrepreneurial ventures, my work as a freelancer and for some clients. Use this link and you can download these helpful templates to get you started. Go here: https://www.template.net/editable/search/Financial%20statement
• Premium Business Plan templates and software at BPlans: https://articles.bplans.com/estimating-realistic-start-up-costs/
• Calculate your Start Up costs using SBA.gov: https://www.sba.gov/business-guide/plan-your-business/calculate-your-startup-costs

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