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March 4, 2024
E41: Building Wealth Beyond The Chair
What happens when you can't stand behind the chair anymore? Will earning an income as a stylist be enough to retire in the future? Cash and Jordan explore these challenges that creatives face and share a unique perspective on achieving financial...
What happens when you can't stand behind the chair anymore? Will earning an income as a stylist be enough to retire in the future? Cash and Jordan explore these challenges that creatives face and share a unique perspective on achieving financial freedom as a hairstylist.
Resources:
Create a free student account and start learning from The Millionaire Hairstylist: www.MillionaireHairstylistPodcast.com
This episode is a part 3 series. If you missed part 1 and 2 check them out here! Pt. 1 - E39: How to Become a Celebrity Hairstylist and Pt. 2 - E40: The 3-Step Secret to Charging More
E34: How I Invented a 9-Figure Beauty Product | Rea Ann Silva, Founder of Beautyblender
Show Notes:
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[0:00] Introduction
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[0:30] Today’s topic: How to Become a Millionaire Hairstylist PT. 3
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[0:45] In case you missed Pt. 1 - E39: How to Become a Celebrity Hairstylist and Pt. 2 - E40: The 3-Step Secret to Charging More
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[4:00] Limitations of the earned income stage in wealth building
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[6:00] Phase one of wealth building
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[8:10] Phase two of wealth building
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[9:45] Four categories that meet criteria of growth assets
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[11:30] Phase three of wealth building
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[18:30] “Reframe: phase one you are working for money. Phase two you are working with money. Phase three is getting money to work you.”
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[21:30] Benefits of investing in businesses
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[27:30] Create a free student account and start learning from The Millionaire Hairstylist: www.MillionaireHairstylistPodcast.com
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[32:00] Attributes of successful business owners
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[33:40] Do not underestimate the power of luck
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[35:00] Owner and CEO of Drunk Elephant
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[37:00] E34: How I Invented a 9-Figure Beauty Product | Rea Ann Silva, Founder of Beautyblender
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[43:00] Recap and benefits of investing in real estate as a growth asset
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[47:00] E15: 12 Non-Obvious Business Lessons Managing 100+ People | NeCole Cumberlander, Salon and Beauty School Owner; E3: Beyond the NYC Salon & Sephora Product Line, Building Wealth With Real-Estate | Sam Brocato, Sam Brocato Salon
Connect with Us:
Instagram - The Millionaire Hairstylist - Cash Lawless - Jordan Drake
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