The Chefpreneur Podcast · 2021-11-25 · 31 min
In this episode, I wanted to break down and get you guys to really change your mindset about how you look at things as you're spending money, or as you're investing money. There's a huge difference between investing and spending. We're going to give you three key differences. First difference - spending is basically you putting your money or time out and getting nothing in return. Investing compounds either your money, it compounds your time and brings you back something in your business. The caveat is, you should be investing on something that you understand and have knowledge about. May it be on cryptocurrency, mutual funds or stocks for example. Educating yourself is very important. Now the second difference is, spending is usually more of a short term outcome. And investing is usually a long term outcome. We’re not talking about just money here. This could be time, education and other stuffs as well. Unfortunately, though, for a lot of you, it's in the form of a job. And so you're investing again even more time.
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