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I thought this was a great quote: “You have got to be willing to be poor [as an entrepreneur],” he says. “There was a time when I was living out of a single su
by jakarta 16y ago
I thought this was a great quote:
“You have got to be willing to be poor [as an entrepreneur],” he says. “There was a time when I was living out of a single suitcase. I had a rule that I wouldn’t stay on one person’s couch for more than two weeks because I didn’t want to become a bother.”
You've got to be willing to make sacrifices if you want to chase your dreams. A lot of people don't fully grasp that when they are coming in.
- tastybites 16y agoEven small-scale stuff that nobody writes articles about like putting a personal guarantee on a 2-year commercial office lease or a line of credit qualifies as sacrifice and is actually quite risky. I'd offer a small edit on the premise and say that it isn't necessarily a willingness to be poor, but a willingness to go broke for your convictions that is important. Being poor/impoverished is a mindset, being broke is a temporary condition. Somewhat tangentially related is the derivatives trader mindset which I have been reading about recently.
- paulbaumgart 16y agoChapter 7 bankruptcy doesn't even sound so bad if you don't have dependents. Although next time around you'll probably have to find someone else to guarantee that lease...
- paulbaumgart 16y ago"Being poor/impoverished is a mindset, being broke is a temporary condition." I'd say being poor/impoverished is a lack of money and a lack of friends or family with money (otherwise whose couch are you going to crash on?). (Only) being broke is just the former.
- helwr 16y agotastybites, I wish I could upvote your small edit 1000 times There is this russian proverb that goes: бедность не порок, нищета порок.