Episode #592
You Made a Bunch of Money. Now What?
March 15, 2018

In episode #592, Eric and Neil discuss what you should do with your profits. Tune in to hear in what you should be investing.

TIME-STAMPED SHOW NOTES:

  • [00:27] Today’s Topic: You Made a Bunch of Money. Now What?
  • [00:45] If you make six figures, pay your expenses and live a minimalist lifestyle.
  • [01:05] Put all your money back into your business.
  • [01:28] Ray Dalio’s book has been helpful for determining what to do with your money.
  • [01:54] Ray is a hedge fund manager; his book discusses the benefits and diversifying.
  • [02:18] Warren Buffett typically makes ten to twenty investments at a time.
  • [02:37] Invest back in yourself!
  • [02:50] Invest back into your business!
  • [03:22] Neil would take his profits and invest in more businesses.
  • [03:40] He lost a lot of money this way. Focus on your core business.
  • [03:44] Neil spoke with Brian Lee, head of Shoe Dazzle and Legal Zoom. He told Neil to have laser-sharp focus on his core business.
  • [04:14] Only consider expanding when your core business has leveled off.
  • [05:23] Eric watched a video about how to get richer.
  • [05:45] He learned that taxes are 30-50%.
  • [06:06] Eric recommends starting an LLC to run your expenses through.
  • [06:21] That’s all for today!
  • [06:25] Go to Singlegrain.com/Giveway for a special marketing tool giveaway!

Leave some feedback:

  • What should we talk about next? Please let us know in the comments below.
  • Did you enjoy this episode? If so, please leave a short review.

Connect with us:

Discover Latest Episodes

Episode
What to Do If Someone Copies Your Product?
September 17, 2025

In this episode #3042, Eric and Neil break down the competitive landscape and market positioning, the role of personalization in advertising, and hiring strategies that spotlight candidates with prove...

Episode
How to Win Big Enterprise Logos
September 16, 2025

In this episode #3041, Eric and Neil discuss how to win big enterprise logos by focusing on relationships, networking, and long-term trust. They explain the role of RFPs, challenges in tracking leads,...

Episode
AI Doesn’t Drive Revenue Today!
September 15, 2025

In this episode #3040, Eric and Neil discuss how businesses are using AI in marketing but struggling to see real revenue results, pointing out that most companies focus on flashy tools rather than KPI...