Entrepreneurship: ”Where do I find money to start a business?”

Summary

It’s a MUST that you believe in yourself when starting a business or pursuing financial goals. Knowledge and information about the “how to” is widely available, but without belief, your action will be fruitless. There are plenty of examples of businesses that started with little to no money and became very successful because there is always a way to achieve one's goals. Own your faith and beliefs, and re-source it every day in order to maintain confidence and continue moving forward..

Chapters

| **Timestamp** | **Summary** |
| ------------- | ----------- |
| 0:00:01 | Introduction to the podcast and topic of discussion: "Where do I find money to start a business?" |
| 0:00:45 | Introduction to Wealthbuildingmadesimple.us and its services for subscribers |
| 0:01:52 | Discussion on whether money is necessary to start a business or not |
| 0:04:11 | Examples of businesses that started with little to no money |
| 0:04:49 | The importance of belief in oneself and the ability to find a way |
| 0:05:23 | The role of belief in achieving success |
| 0:05:52 | The importance of belief and faith in oneself in achieving success |
| 0:06:20 | The level of information on how to make money is accessible, but belief is the missing element |
| 0:07:34 | The importance of believing in oneself in trading and investing |
| 0:08:45 | The importance of applying a system to a trending market and having faith in oneself |
| 0:09:49 | The key to success is owning the belief and faith in oneself and restarting it every day |

 

Quotes

 "You have to believe it before you achieve it.  And so if you start with the feeling of belief in yourself, then you can hear all the ideas that either your friends are going to tell you or from a book that you read, or from wherever you get your inspiration. But until you believe it, you can have a one on one lunch with Warren Buffett, and he can break down his entire system to you on what to do and you will not hear what you need."

 "The level of information on what to do to make money is abundant. There's no reason anybody shouldn't be doing what they want to do. The knowledge is out there, and it's super accessible. The only missing element is belief.  Some people say, ‘I've worked 80 hours a week following this person's foolproof action to be successful, and I'm still broke.’... That’s because you never believed in yourself.”

“I have a friend who was spending a ton of time focused on finding ‘the perfect’ trading system. He said, ‘I need the perfect trading system in order to make money.’ I told him,  ‘You are the perfect trading system.’"

"The key is to own the faith, the belief, and do everything you can to build on that, and don't act until you have it. And by the way, you have to restart it every single day, because I still wake up every morning and I'm looking at the ‘dark side of the moon’ on some things. And so I have to go meditate, go rebelieve in myself so I can get up and do this and speak confidently and talk to clients confidently and maintain my confidence so that I can continue to move forward and evolve."

"Because I feel like if you feel like you need money, then what you're feeling is, I lack what I need."

"There's plenty of other people that because they had a good idea and they believed in it, they attracted other investors who wanted to invest in their company, and or they were led to maybe like a franchising opportunity where the bank would finance the business. They started from a place of openness, a place of faith where they believed in themselves. And then through serendipity, luck, whatever you want to call it, they found what was necessary."

 

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Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.