What Do Entrepreneurs Do With Their Money? -Episode #267 w/ David , Donni, & Neo Davis
As an entrepreneur, what are the ways you choose to utilize your freedom that is for the benefit of others? How do you navigate conversations and decisions that affect your bottom line? In this episode we sit down with Nehemiah Davis to talk about What Entrepreneurs Do With Their Money! We’ll dive into :
– Freedom Rich Vs. Love Poor : How to leverage our finances as we succeed as entrepreneurs in order to carve out more time to spend with those we love.
– Paying For Convenience : Why allocating finances for greater experiences, less strain on our mental and emotional levels, and to get in the right rooms may be a solution for sustained entrepreneurial success.
– Building Entrepreneurial Traits In Our Children : What it takes and the pain we may experience on the journey to walking our kids through choosing what is wise, beneficial for future financial success, and how to handle adversity.
And more!
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Show notes:
00:00 Podcast Preview And Sponsored By
01:21 Welcome To The Show
04:57 Business Being The Love Of Your Life
08:53 Produce More
16:50 The Transitional Habit
19:16 Morning Meetup Commercial
19:57 Pay For Convenience
27:06 Community Centered
37:21 Improve The Lives Of People
39:08 Commercial Break
40:08 How To Empower
52:23 Putting A Dent In Poverty
1:12:00 Work On Your Ability To Communicate
1:14:25 Sponsored By
1:16:38 Brain Picker Commercial
Timestamped By: @theyouniversitylive
I like what Donni said about not grinding and I think that’s more of a feminine thing too. We can build things but our natural state is to rest in alignment ?
Totally agree
I also love her point on that matter. ??
Paying for convenience = time freedom = adulting/business 101!??
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Awesome interview ??
Thanks for tuning in! ?
These conversations are so real and necessary! I totally relate to what Donni discussed in the beginning, the desire and drive to be a successful entrepreneur and make that money but also to be present with those we love and tapped into our feminine energy that we’re naturally drawn to.
It’s called balance! ✨ Thanks for tuning in, fam! ??
Quickest way for a child to go in the opposite direction or have them resent you is to force them to do everything your way.
Children have their own personality, gifts, strengths and purpose, they can also be forced to do everything the parents desire for so long… Allow children to be who they are and who they’re meant to become.
And entrepreneurs shouldn’t force their children to be one too, either you’re meant to be in business, or went into business to get money. So children should only be in business if it aligns with their strengths, and the parents should have the money to pay for whatever they choose to do, whether that’s college or something creative.
Some Black people act like they’re jealous that their children is around abundance and doesn’t have to “get it out the mud” by being broke and desperate. That’s disgusting.
Paris Hilton, the Kim Kardashians and the like didn’t have to get it out the mud, but supporting your children’s goals can allow them to be successful and become even richer than you. The lack mindset and my kids are not gonna have it hard cry is nonsense and should stop.
No sweat equity
= a fire sale by your kids.
Bet you 50 $20.00 bills
You nailed it! ?
I will say 1000% my mom grinded HARD. We wanted for nothing. I didn’t have to get it out the mud necessarily but I will say i grind SMARTER. I have already surpassed her financially. Her generosity and sacrifice didn’t create spoiled entitled kids.
Love you Moma
Work hard ❌ Work smart ✅
Bring him on the podcast more often please!!!
For sure!!!
I feel David because when I’m not doing anything I feel not alive and when I’m on vacation I definitely want to take my laptop. I’m working on stopping and learning to fully relax. So I also agree with beautiful Donna. Being present is important for overall health.
@Social Proof you a work in progress
I understand that we as a goal driven individual, we tend to overwork for a purpose. But I believe we also give ourselves time to hibernate, relax and be in the moment because it’s one way for us to be refreshed, renewed and get ready for a new day! ✨
Great Convo ?? I Love Donni’s point about Feminine energy and desiring Alignment
She’s all for it! ✨
Donni, what you said is so true. I once told someone older than me the same thing and he got so angry at me but it true. There’s a whole entire world outside the one you build around your children and they experience it. The best you can do is trust that you prepared them enough to make good decisions for themselves, not you, themselves. Thanks for saying that.????❤
Facts! She sounds like she wants the soft life! There is a way to stay happy have freedom without constantly grinding to the ground. Its a way. Just have to find what works for you and your happiness
Very well said!
I actually teared up when you said your business is the love of your life and said “I’m not so great at just chilling” because honestly neither am I. I have always been that way and I don’t like when people try to change me or tell me to relax. I relax in my own time and in my
Own ways. But doing certain creative and business related things just drives me so much that it doesn’t want to stop!
Man I can relate!!!
True enough! You do you! ?
I understand what Neo is saying. I pay for things that buy me time or allow me to focus on what I do best. I pay someone to clean my house, do my yard, drive, etc. It buys back my time and clears my to-do list.
@Jenita Lawal most definitely and I agree! I’m at a point in my life where I value my time and I want to use my time to do with it what I want to do and paying someone to do certain things around my house just makes sense( no pun intended).
@FitnessAnywhereAnytime That’s different. If they get a joy or benefit out of doing the things, then great. I see nothing wrong or wasteful about someone hiring a driver, gardener, cook, housekeeper, or nanny if it brings joy, peace, and ease to their lives.
I agree with the concept of buying back your time by paying people to do certain things around your house! My question I have for that is does that you make you feel like it’s just easier to pay someone for something you could do yourself ? Or could you do it yourself but you just choose not to since it saves you time?
I have older parents who still do yard work and things around the house but that’s because they live a VERY active lifestyle and movement of any kind is just apart of their daily lifestyle habits so them , for example, not paying someone to do things around their house wouldn’t benefit them in terms of the movements and activity levels that the things around the house require.
This episode was so good! I am just getting back from vacation and did not have time to comment. However, it was so insightful. What entrepreneurs do with their money is always interesting. It is so important to invest in your business and to invest in yourself if you want to maintain your edge. It is so many great takeaways from this one!
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Such a great episode! Neo was an awesome addition & flowed with both your energies!??
Thank you Social Proof ??
Glad you enjoyed it! ?
Thanks for asking real and real life questions and situations. Keep it real ….relatable.
Relatability! ?
This was one of the best episodes!!!!
Thanks for tuning in! ?
First absolutely love the podcast on YouTube and podcast app. I am totally manifesting the day we become business partners. Second there is a volume issue on the audience questions.
The power of ✨manifestation✨
This was an awesome interview!
Fantastic podcasts. Great content. Can we turn the mics up on the guest questions?
49:00 (ish) I was lucky to have my grandmother tell me about credit (from a point of distress almost) at an early age so by the time I started using my credit I already had basic knowledge. Still ended up getting to a point where it took a drastic hit from a life event but having that base helped me stop if from going completely dark. There were some other financial literacy principles that she wasn’t as keen on that would’ve helped soften the blow of that life event, such as investing or understanding life insurance policies with a cash value. But IMO, we’re not necessarily supposed to get all the tools we’re ever going to need from our parents. Parents pass on the tools that they have so that the following generations can build on and develop the family lineage.
You’re lucky that an early age, you know about it! Fam members should educate other fam members! ??