Why Debt Doesn’t Have to Be a Dirty Word
Show of hands:
How many of you are afraid to start (or scale) your business because you’re afraid of going into debt?
If you have your hand up, we get it.
After all, no one wants to put $5,000 on their credit cards to spend on bags, shoes, or clothing.
So, why would we take that risk for our business?
In today’s And She Spoke episode, we want to break down why that train of thought is deeply flawed.
As women, we’ve let ourselves believe that we must be overly responsible with our money. We can only invest in something if we already have the cash in the bank to back it up. Otherwise, we’ll be seen as frivolous and financially irresponsible.
That fear has holds us back from investing in our futures, taking risks for our careers, and jumping into entrepreneurship head first.
And that’s just doing a disservice to our communities.
While not all of us have the financial security and privilege to take on debt, for those of us who can afford to take on debt, it can be a very effective way to jumpstart your business.
Here’s what else you can expect in the episode:
Our personal stories about the finances behind our first businesses
The ‘Death Valley’ analogy and how to apply it to your business
How debt can help you gain the resilience you need to be an entrepreneur
The J Curve and why you should be studying it ASAP
Why you need to surround yourself with people who believe in you
And more!
This episode is here to tell you that if you manage your finances well, debt doesn’t have to be a dirty word.
Resources:
This Week’s Joy:
Both of us have been obsessed with Inventing Anna (Jenny even stayed up all night to binge it). In fact, we have so many thoughts about it that we’re going to be recording a special episode dedicated to breaking it down! Stay tuned.
This Week’s Hustle:
Our hustle is the perfect example of how small changes can yield HUGE results.
Both of us took some time out of our day to change the colors on our Google Calendar events page to a palette that we love. We spend our lives on Google Calendar, so to have the screen open up to a beautiful color palette really makes a difference.
This podcast is brought to you by the Marvelous online teaching platform.
Marvelous is an easy-to-use platform that helps you build and sell your own courses, memberships, and live-streamed programs. Go from idea to open for business in just minutes. If you're looking for a simple, streamlined way to build and grow an online business. You can learn more at Marvelous.
