DET discussed on Kate Dalley

DET

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Even if you lose money, you will learn so much by being an entrepreneur, and you will have fun, creating something from scratch, solving one problem after another. And then you can stand back and say Yes, I created this thing. I brought this thing into existence. This is my creation. And there's a feeling of pride associated with that. And it's really great. It's really great. You know, my business has made millions of dollars over the years and it's just me. Nobody else. It's my achievement. And here's the point. Here's the point. It's hard to be an entrepreneur. Ifyou're not debt free. It's hard to be an entrepreneur. Ifyou're not debt free. That's because it's hard to take risks if you're not debt free. How can you take risks? If you have debt? If you screw up, then you go bankrupt. If you let's say you have, you know, a mortgage, A second mortgage car loan credit card, Dad. Stuff like that. And you want to start your own business if it doesn't work out, And by the way, any business there's appear to time. There's this on ramp. So to speak, where you're not gonna have revenues for a while. You're gonna be living off your savings, You're gonna be living off your savings and paying down debt. And if it doesn't work out, then you're screwed. Debt hinders your ability to take risk. Det hinders your ability to take risk. And how can you expect to make lots of money if you can't take risks? If you have a steady job and you have lots of debt, it's a risk to even go looking for another job. I mean, a lot of employers don't like it. If you say you're working at X Y Z company and you want to look for another job, but you have to do it quietly. You have to do it quietly. You can't You can't have your current job. Find out. I mean, this was like, this was a big thing on Wall Street, like if you were looking for a job that had to be secret. Because if it got back to your employer than they could fire you And then you have.

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