Chapter 5: Make Dollars - Use Sense

There are only two realistic ways to make extra money: earn it or inherit it. Since regular, hard-working folks generally don’t come into inheritance, the most accessible way for them to earn significant cash is by eventually owning part of a business.

A small company raising a lot of capital is analogous to a young person inheriting a lot of money. Generally, those who inherit money are less apt to effectively manage and appreciate their money. They often have trouble managing easy money and therefore tend to spend it in frivolous or irresponsible ways, i.e., invest and protect it poorly.

In contrast, those who didn’t inherit a thing but earned the same amount are much more likely to have a successful money management experience. When you are dealing with the money that you’ve raised to start your business, always be sure to approach it as a hard-earned sum used in only the most appropriate ways.

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