Personal Finance Advice for Young Entrepreneurs
Personal Finance Advice
Came across this article by Seth Godin today: personal finance advice
Very impressive – and represents a lot of my own views on how to manage money (well, at least personally). It can be different for a business, depending on gearing, risk and what money may be at risk.
Go read the article – personal finance advice
In short Seth says:
Only borrow money to pay for things that increase in value.
It’s a short list: your business, your house and your education, mostly. Stocks if you’re smarter than me. That’s pretty much it.
7 comments so far… Leave a reply
Jonathan Volk
June 9, 2008 8:16 pm
Great advice. I certainly agree! Thanks for the article! ~Jonathan
Zak Show
June 12, 2008 2:16 pm
Yes, you are right this time too. Agree ~~~ Zak.
Jameel Mukadam
June 14, 2008 5:48 pm
Yeah, Good Advice!
Genesis Bible
June 17, 2008 1:22 pm
this is some great advice for those staring out!
JamelG1
June 18, 2008 5:56 pm
Thank you guys for posting that article because it was definately an eye opener for my financial mistakes. Keep on teaching.
Mike Michalowicz
June 19, 2008 2:49 pm
Been there, done that. I just did it with PB&J and Ramens (not beans and rice). It works.
Vampire Bats
June 21, 2008 12:41 am
this is great information for those who are just starting out !