Taking on $200K in loans can be a bold move, but what lessons come from navigating that kind of risk? In this candid episode, I open up about the challenges, choices, and pivotal moments that shaped my entrepreneurial journey. From starting a med spa to recovering from financial missteps, this is a raw look at personal growth, mental health, and the mindset needed to tackle big risks while staying resilient.
Drawing from past failures, like filing for bankruptcy at 21, and learning to rebuild credit, I share how these experiences shaped my approach to risk-taking and business decisions. We’ll also dive into what it’s like to manage the high costs of equipment, loans, and unexpected downturns, and how these lessons continue to influence my path today.
Key Takeaways:
- Why taking bold financial risks can fuel growth but requires careful planning.
- The importance of preparing for financial "winters" in any business.
- How failure at an early age taught me the value of resilience and smarter decision-making.
- The mental toll of managing debt and strategies for maintaining balance.
- Creative ways to overcome challenges and turn setbacks into valuable lessons.
If you’ve ever wondered about the real costs and risks behind entrepreneurship or need inspiration to keep pushing forward despite setbacks, this episode has something for you. Let’s talk about the highs, the lows, and everything in between.
Watch the full video here: https://www.youtube.com/watch?v=eR0B3KpxJlM
CHAPTERS:
00:00 - Investing in Expensive Equipment Risks
00:40 - Med Spa Investment Risks
01:04 - Risks of Taking Out Loans
01:40 - Bankruptcy Filing Risks