The Real Cost Of Lifestyle
Summary
- I've failed a lot in business, with nine failed businesses and seven failed partnerships. But these failures taught me resilience.
- I keep my personal life low-risk and simple, which helps me take more risks in business without fear.
- Being able to live on essentials like peanut butter sandwiches and protein shakes means I don't have big personal expenses, allowing me to bounce back from failures more easily.
- By maintaining a low-risk personal life, you increase your chances of success by giving yourself more opportunities to try again.
Video
How To Take Action
I would suggest keeping your personal life as simple and low-risk as possible. This means cutting down on unnecessary personal expenses so you can focus on investing that time and money into growing your business. Think about living more frugally—like learning to be okay with simple meals and other cost-saving habits.
A good way of doing this is by identifying your essential needs and distinguishing them from wants. This way, you’re prepared to fall back on these basics if a business venture doesn’t go as planned. It builds resilience, making failures less daunting because your personal lifestyle won’t be drastically affected.
Try approaching life with a mindset that allows you to take risks without fear. By simplifying your personal commitments, you create a buffer that empowers you to take more chances in business. You can try, fail, and try again, increasing your chances of success over time.
Finally, remember that failure doesn't mean the end; it’s just a stepping stone. The more you can endure setbacks by minimizing personal complexities, the more opportunities you have to take another shot at your goals. Keep your personal life low-risk, and you'll bounce back faster and stronger each time.
Full Transcript
I've failed more times than I'm telling you if you watch this I failed more times I promise you I have I have nine failed businesses I seven failed Partnerships like I have many failures but the only reason I can get back up is because I don't have this big thing that I have to take care of it's like I know that I can live on peanut butter sandwiches and and egg bites and mixing uh protein protein powder from the gas station with water I can do that I because I have I've already done have the goals of them right now like you will increase your shots on goal by living risk free or lowrisk in your personal life
