Episode 003: Age and Life Experience: Impact on Financial Decision-Making

Join Taira and Taylor in this episode of apt24b, as they explore the financial hurdles encountered by the self-employed. They share personal stories of coping with unforeseen medical expenses, navigating business finances, and delve into the intricacies of setting contract rates and dealing with clients offering equity in lieu of payment. Tune in for valuable insights on navigating the financial ebbs and flows of entrepreneurship.

Takeaways

• Self-employed individuals often face unexpected financial situations, such as medical bills, and need to find ways to handle them.

• Seeking help and resources, such as coaches and financial advisors, can be beneficial in navigating financial challenges as an entrepreneur.

• Age and life experience can impact financial decision-making and the ability to handle financial challenges.

• Balancing personal and business finances is crucial for long-term financial stability. Ask questions and learn from others who have experience in your field.

• Don't be afraid to pivot and learn from your mistakes.

• Set clear boundaries and stick to your pricing.

• Don't be afraid to say no or walk away from a client who doesn't value your work.

• Diversify your income streams and explore opportunities to create and sell your own products.