Entrepreneur and extreme athlete Kyle Maynard has lived a life of high achievement, so it came a shock, when a planned business venture stumbled, and he had to let 5 employees go and accept the limitations of his vision.
In Kyle’s money story you will learn:
-How Kyle took a risk on a new venture that did not go as well as projected
-The tough decisions that he had to make to protect his assets
-Kyle's ability to come to terms with his missteps, and decision to cut his losses
-How he chose to pivot and re-think his venture
-The importance of protecting his own financial security while expanding his business
-What Kyle learned from a mentor about "the double bottom line”
-How he integrates his “no excuses” philosophy into his business ventures even when they are not living up to his expectations
In Kyle’s money lesson you will learn
-How to know when to cut your losses
-How to avoid making decisions in fear of what others will think
-Specific ways to evaluate whether or not to put more money into an investment or business ventures
In Kyle's every day money tip you will learn:
-How to prioritize the money you spend on fitness and health
-Whether supplements are worth the money
-How to get in shape when you have a low or no budget
-Why high quality food is better than supplements and shakes etc
-His take on organic foods
-If you need a $10,000 treadmill
-What Kyle was eating (or not eating!) the day we taped the interview
In My Take you will learn:
-The importance of HOW you fail- because at some point we all do
-Why many entrepreneurs, like Kyle, and Perez Hilton do not invest all their own money in their businesses, in order to protect their assets and spread the risk.
-My tip on how to save money and eat healthier when buying fresh fruit
Listen to the Perez Hilton episode where he talks about not risking your own capital that I reference in this episode!
When should you pay up for organic fruit?