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3 More Things I Learned From My Failed Business – Part Two

Posted by Flanice Lewis on Oct 17th, 2019 · 0 Comment

I previously mentioned three things I learned from my failed business. Here are three more things I learned that are equally, if not more, important. Don’t Quit Your Day Job For a lot of us, entrepreneurship is the road to financial freedom. We want to quit our day jobs and have some flexibility in our lives. However, keeping your day job will help you save up to cover expenses while you’re...
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3 Things I Learned from My Failed Business – Part One

Posted by Flanice Lewis on Oct 17th, 2019 · 0 Comment

I have failed at business ventures for a decade. They either flopped outright, or I was unable to execute my idea correctly. I was embarrassed when I realized my dreams wouldn’t come to fruition after I had promoted my services. I can say it proudly now because I learned some valuable lessons. Start the Business First, the best way to start a business is to take steps to execute. Talking about...
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Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

3 More Things I Learned From My Failed Business – Part Two

3 Things I Learned from My Failed Business – Part One

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