Shanli Liu, CPA, CTPFreedomfolio · I help 7 to 8 figure service business owners and ecommerce sellers keep 10K to 75K of profit- without IRS headaches | CPA. Virtual CFO. Tax Resolution Pro | $5MM+client tax savings | Book a free 15 min strategy call

You Need to Decide This...

Name: You Need to Decide This...
Uploaded: 2024-07-23T01:30:10+00:00
Duration: 25 s
Channel: Shanli Liu, CPA, CTP
Description: In this brief motivational monologue, the speaker argues that every entrepreneur faces a pivotal choice: pursue wealth to impress others or to build…

23 Jul 2024 · 0 min

Watch on YouTube

0:25

In this brief motivational monologue, the speaker argues that every entrepreneur faces a pivotal choice: pursue wealth to impress others or to build lasting value. Those focused on value should live frugally, reinvest as much profit as possible, and scale their venture. Conversely, entrepreneurs seeking status spend their earnings on flaunting wealth. The speaker warns that only the value‑oriented entrepreneur achieves security, because when external validation falters, they still retain enough resources for personal sustainability.

Every entrepreneur needs to make a fundamental decision of whether they're making money because they want to impress other people or because they want to build something that is valuable. If you want to build something that's valuable, you live for as cheap as you can. You take as much of that money as humanly possible and you try and make that thing bigger. If you're trying to make money so that you can show people stuff, then you take all that cash and you try and flaunt it. But the thing is, is only one of those entrepreneurs is secure because the day that you have a bad day when you're trying to live for everybody else is the day that you have enough to live for yourself.