Business Profit Maximizer #2 – Financial Literacy Made Simple

Business Profit Maximizer #2 – Financial Literacy Made Simple


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About the Author: Oren Garnes

21 Comments

  1. Well said, Dan. I've been completely over enthusiastic about different business ideas and similar to you I'm now more conservative on where I invest to minimize risk.

  2. 1:52 I’ve been there. I’m there now. I can see why you recommend these videos to me. AND MAN I need it.

    The pilot analogy made sense. Not running my acquisition cost monthly almost flat lined my business (and my revenue was good).

    The goal is not get rich. It’s to stay rich .

    Wow! There’s so much here. I always joked with people if I’m ever in trouble, I’ll just do some more deals and it’ll be okay. (This mindset is NOT one of a rich owner). Minimize loss.

  3. How do I get to know when a market shifts or changes? Thank you! ( I’m 17 and I really like your videos Dan!) If anyone could answer I’m happy to listen 👂.

  4. "Look at all those dials man!" Ha haaa! Great knowledge with a great sense of humour! Thanks for sharing Dan.

  5. Financial Literacy = financial success,
    Goal in financial is to Stay rich for a long period of time.maintain rich success and minimize loss

  6. इदमेव हि पाण्डित्यं चातुर्यमिदमेव हि ।

    इदमेव सुबुद्धित्वम् आयादल्पतरो व्ययः ॥

    – समयोचितपद्यमालिका

    Transliteration:

    idameva hi pāṇḍityaṃ cāturyamidameva hi ।

    idameva subuddhitvam āyādalpataro vyayaḥ ॥

    – samayocitapadyamālikā

    Meaning of the subhAShita:

    This alone is erudition, this alone is dexterity, this alone is good intellect – expense less than revenue.

    Commentary:

    Not stretching beyond means!

    What one possesses, only that he can expend. What one owns, only that he can give. What one earns, only that he can spend. Isn't this a straightforward philosophy? The poet opines that this alone is erudition, dexterity and good intellect. Although all these, are different facets of decision making, the emphasis here is 'all these have to give the same end result'. There is no choice about it. For, owing to someone is a burden of the heaviest kind. Even enslaving someone may be a better choice, for only the person is pawned for that. But to a debtor, the heaviest interest one pays are his dignity and self-respect!

    The most sensible way to avoid getting into this scenario is – living within one's means. Not stretching beyond what one can afford… Always having some stored for a rainy day… Even ants do that! Shouldn't humans do this more ardently :)?

    Spending is quick, earning is slow. Beware! Earn slowly, spend even more slowly :).

    pada vigrahaH:

    इदम् एव हि पाण्डित्यं चातुर्यम् इदम् एव हि ।

    idam eva hi pāṇḍityaṃ cāturyam idam eva hi ।

    इदम् एव सु-बुद्धित्वम् आयात् अल्पतरः व्ययः ॥

    idam eva su-buddhitvam āyāt alpataraḥ vyayaḥ ॥

  7. What gets measured gets improved. Thank you for your insight lessons everyday, which really blow my mind, change my mindsets and business strategies as well.
    You are absolutely the best teacher ever in the Youtube channel.

  8. I Should
    Create multiple sources of Income
    1 Active Income which is my Job my
    Monthly Salary
    6 Passive Income
    My Businesses while working
    While Doing my Job
    6 Passive Income in Different Fields in Different Industries
    But First I should Improve in Execution of Right Money Blueprints And I should have extraordinary Marketing Strategies
    Now That is the biggest challenge for me That is my obstacle how am I going to plan a great Marketing Strategy How Can I Execute Properly My Right Money Blueprint

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