Money, money, money! Yeah, I know, we’re all rolling our eyes thinking, “Ugh, not another boring finance chat!” But hold onto your wallets, because this isn’t your grandpa’s finance talk. We are talking about running your podcast as a business.
Our buddy Ray Edwards, a top-notch copywriter, shares a jaw-dropping story about how he made a cool million but ended up in bankruptcy—wait, what? How does that happen?
I spill the beans on my own bankruptcy saga, sharing how emotional decisions can lead us down a slippery slope. And hey, we’re not just here to mope; we’ve got Steve Stewart from the Podcast Editor Academy joining us to sprinkle in some wisdom about putting profit first. Buckle up, because we’re throwing in some sarcastic humor while we unravel the absurdity of our financial choices!
Takeaways:
- Ignoring your finances is like playing with fire while blindfolded—eventually, you'll get burned.
- Being bankrupt after making millions is the ultimate plot twist—stay alert or face the absurdity!
- Don't let emotions rule your financial decisions; logic over feelings keeps the money in your pocket.
- Track every penny if you want to keep your business afloat; otherwise, expect to sink!
Companies mentioned in this episode:
- Ray Edwards
- Steve Stewart
- Podcast Editor Academy (get the free download)
- Profit First book
- Novo (get $40 off once qualified)
- Relay
- Wave Apps
- Acorns
- Sofi
- Gordon Firemark
- Ralph Estepp
- Cronometer Fitness Tracker
- School of Podcasting
