EP 045: A quality I like about myself is that I'm an action-taker.
I’d rather take action and make mistakes than do nothing.

I see so many procrastinators miss out on great opportunities because they are stuck analysing things to be perfect rather than getting them done.

The mindset I like to take in life is “win or learn”... there is no such thing as losing.

However, it would be ignorant of me not to acknowledge this mindset comes with some downsides.

The most notable one…

This speedy action-taking means I have made some incredibly expensive mistakes along the way.

I often have to remind myself I am “learning” at times.

To make the point…

- I once bought a container of products from China without having any idea what “tariffs'' were.
I lost a lot of money on that one…

- My first mentor ended up going to jail.
Yep, I should have done more research on him before signing up.

Every time I have made a big mistake, I have found myself saying.
“I wish I knew “X” beforehand.”

Overall I have come out on top, but more diligence would have sometimes served me.

In this week's episode of the podcast, Grant and I dig into our deepest financial mistakes/regrets.

The point of this episode is to share where we have gone wrong so that you don't have to make them.

There is no need to repeat the mistakes we have made for you.


PS: This podcast episode ended up being incredibly long so we have broken it up into 2 parts.

This week you get part 1, and next week you get part 2.
Turns out we had a lot to share on this topic.

Also…I’d love to know.

What's your biggest financial mistake/regret?

Let me know by reaching out through email or on our social media accounts!


Episode Highlights:
00:00 Welcome!
01:12 How problems can start out as a “good idea”
05:42 Chasing rapid business growth
10:35 Ideas to slowly scale a business
14:10 Charley's best lesson from his business regret
15:07 Dealing with opportunity and financial costs in a struggling business
22:31 How paying off a house became a financial mistake
28:35 A different perspective for people who want to build wealth

If you enjoyed this episode, be sure to subscribe, tune in and share this podcast!




Resources:
○ Business and Investing website: https://www.businessandinvesting.com/


Subscribe: 
○ Subscribe on Youtube: https://www.youtube.com/@businessandinvesting
○ Subscribe on Apple Podcast: https://podcasts.apple.com/au/podcast/business-investing/id1607453342


Connect with Business and Investing: 
○ Join the Business and Investing Community: https://www.facebook.com/groups/440140397804480
○ Follow us on Facebook: https://www.facebook.com/businessandinvestingcom
○ Follow us on Instagram: https://www.instagram.com/businessandinvestingcom
○ Follow us on TikTok: https://www.tiktok.com/@businessandinvestingcom
○ Send your enquiries or drop by to say hello: grant@businessandinvesting.com



DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

EP 045: A quality I like about myself is that I'm an action-taker. I’d rather take action and make mistakes than do nothing. I see so many procrastinators miss out on great opportunities because they are stuck analysing things to be perfect rather than getting them done. The mindset I like to take in life is “win or learn”... there is no such thing as losing. However, it would be ignorant of me not to acknowledge this mindset comes with some downsides. The most notable one… This speedy action-taking means I have made some incredibly expensive mistakes along the way. I often have to remind myself I am “learning” at times. To make the point… - I once bought a container of products from China without having any idea what “tariffs'' were. I lost a lot of money on that one… - My first mentor ended up going to jail. Yep, I should have done more research on him before signing up. Every time I have made a big mistake, I have found myself saying. “I wish I knew “X” beforehand.” Overall I have come out on top, but more diligence would have sometimes served me. In this week's episode of the podcast, Grant and I dig into our deepest financial mistakes/regrets. The point of this episode is to share where we have gone wrong so that you don't have to make them. There is no need to repeat the mistakes we have made for you. PS: This podcast episode ended up being incredibly long so we have broken it up into 2 parts. This week you get part 1, and next week you get part 2. Turns out we had a lot to share on this topic. Also…I’d love to know. What's your biggest financial mistake/regret? Let me know by reaching out through email or on our social media accounts! Episode Highlights: 00:00 Welcome! 01:12 How problems can start out as a “good idea” 05:42 Chasing rapid business growth 10:35 Ideas to slowly scale a business 14:10 Charley's best lesson from his business regret 15:07 Dealing with opportunity and financial costs in a struggling business 22:31 How paying off a house became a financial mistake 28:35 A different perspective for people who want to build wealth If you enjoyed this episode, be sure to subscribe, tune in and share this podcast! 
Resources: ○ Business and Investing website: <a href="https://www.businessandinvesting.com/">https://www.businessandinvesting.com/</a>
 Subscribe:  ○ Subscribe on Youtube: <a href="https://www.youtube.com/@businessandinvesting">https://www.youtube.com/@businessandinvesting</a> ○ Subscribe on Apple Podcast: <a href="https://podcasts.apple.com/au/podcast/business-investing/id1607453342">https://podcasts.apple.com/au/podcast/business-investing/id1607453342</a>
 Connect with Business and Investing:  ○ Join the Business and Investing Community: <a href="https://www.facebook.com/groups/440140397804480">https://www.facebook.com/groups/440140397804480</a> ○ Follow us on Facebook: <a href="https://www.facebook.com/businessandinvestingcom">https://www.facebook.com/businessandinvestingcom</a> ○ Follow us on Instagram:<a href="https://www.instagram.com/businessandinvestingcom"> https://www.instagram.com/businessandinvestingcom</a> ○ Follow us on TikTok: <a href="https://www.tiktok.com/@businessandinvestingcom">https://www.tiktok.com/@businessandinvestingcom</a> ○ Send your enquiries or drop by to say hello: <a href="mailto:grant@businessandinvesting.com">grant@businessandinvesting.com</a>
 DISCLAIMER: All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

It’s absolutely possible for a business owner, like you, to have it all. The only limiting factor to success in your business and in your life is you, the business owner!

The Business & Investing podcast exists to help you overcome your limits. Hosted by successful Australian entrepreneurs Grant Merriel and Charley Valher, the show is dedicated to sharing information, insights and tools to help business owners, like yourself, build a stable, thriving business that unlocks your money and life goals.

Grant and Charley both dive into their own experiences with their fellow Australian business owners and trusted professionals to help you become the best Full Stack Business Owner.

*Disclaimer - We are just like you, Australian business owners, and everything we discuss is intended for entertainment and educational purposes only and is not financial advice. Always seek professional advice before making any decision when it comes to wealth creation.

It’s absolutely possible for a business owner, like you, to have it all. The only limiting factor to success in your business and in your life is you, the business owner!
The Business &amp; Investing podcast exists to help you overcome your limits. Hosted by successful Australian entrepreneurs Grant Merriel and Charley Valher, the show is dedicated to sharing information, insights and tools to help business owners, like yourself, build a stable, thriving business that unlocks your money and life goals.
Grant and Charley both dive into their own experiences with their fellow Australian business owners and trusted professionals to help you become the best Full Stack Business Owner.
*Disclaimer - We are just like you, Australian business owners, and everything we discuss is intended for entertainment and educational purposes only and is not financial advice. Always seek professional advice before making any decision when it comes to wealth creation.

Helping business owners generate wealth inside and outside of their business.

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