Depesh MandaliaEntrepreneur | Coach | Consultant | Ads Expert | Dad

Is Your Money Making You Poor? #Shorts

Name: Is Your Money Making You Poor? #Shorts
Uploaded: 2022-07-20T13:00:14+00:00
Duration: 21 s
Channel: Depesh Mandalia
Description: Short YouTube clip (Depesh Mandalia) arguing that idle cash can 'cost you' if it isn't made to work for you. Speaker uses a personal business-failure…

20 Jul 2022 · 0 min

Watch on YouTube

0:21

Short YouTube clip (Depesh Mandalia) arguing that idle cash can 'cost you' if it isn't made to work for you. Speaker uses a personal business-failure anecdote and numeric examples ("10k," "50k") to illustrate that money left stagnating should be reused to invest in self-development and to grow a business.

Thanks to my own first business failure. One thing I realized is that unless money is working for you, it's actually costing you. So, for example, if you've got, let's say, 10k in the bank or 50k in the bank, and that money isn't doing something for you, it's stagnating. When I realized how to reuse that money to develop myself, that's where I managed to actually grow myself and my business properly.