Jordan Goodman is America’s Money Answers Man because he has been answering Americans’ personal financial questions for over 35 years. He has written 13 books on financial topics and is the weekly host of the Money Answers Show.
Entrepreneurial Role Models:
When business started difficulties overcame:
“It’s hard to kind of juggle those two but I think that was the right thing to do because when I left money magazine they needed me more than I needed them and it was a good chance to go, all the things I’d built up all those years just kept with me and I did more of them, more speeches, more radio shows, but juggling those two was never easy”…[Listen for More]
Favourite Books:
Unshakeable: Your Financial Freedom Playbook Book by Tony RobbinsFavourite Quote:
“The investors chief problem and his worst enemy is often himself”
Recommended Online Resources:
- Help with Payables
- Tour de Business – To Build Your Business Credit Today. Learn the ins and outs of credit – how to increase your clients, their opportunities and your overall business
Best Advice to Other Entrepreneurs:
“Do something you’re passionate about, it’s hard work and there’s no safety net behind you so really being passionate. Knowing what your customers or potential customers need and giving it to them, supplying it to them. Testing it first, you may have an idea you think is going to be good but often it doesn’t work in the real world or it can work spectacularly well” …[Listen for More]
More About Jordan Goodman:
Neil’s Quote at the Beginning:
“The most erroneous stories are those we think we know best—and therefore never scrutinize or question.” Stephen Jay Gould
Other Quotes From the Chat with Jordan Goodman:
- “A lot of people rush into the business and don’t really think about their personalities or how they’re going to deal with the logistics of doing the business successfully”
- “The psychology that you have in approaching either investing or running a business is what makes you successful or a failure”
- “If you get money very quickly you don’t have the container to handle it in many cases, they give it out all over the place they think it will last forever”
- “A lot of entrepreneurs have a lot of debt and they don’t know how to handle it, the strategy to dealing with business debt is called prioritisation where you prioritise what creditors get paid first, they don’t all get paid at the same time because some have more leverage over your business than others, the electric utility company can turn your lights off the next day, that’s a lot of leverage, but some lawyer you did a contract for 3 years ago you never filed through with has very little leverage on you”
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