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 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

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

 Show Notes: 

• [0:00] Introduction

• [0:30] Today's topic: How to Become a Millionaire Hairstylist PT. 3

• [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 

• [4:00] Limitations of the earned income stage in wealth building  

• [6:00] Phase one of wealth building  

• [8:10] Phase two of wealth building  

• [9:45] Four categories that meet criteria of growth assets 

• [11:30] Phase three of wealth building

• [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." 

• [21:30] Benefits of investing in businesses  

• [27:30] Create a free student account and start learning from The Millionaire Hairstylist: www.MillionaireHairstylistPodcast.com

• [32:00] Attributes of successful business owners 

• [33:40] Do not underestimate the power of luck 

• [35:00] Owner and CEO of Drunk Elephant 

• [37:00] E34: How I Invented a 9-Figure Beauty Product | Rea Ann Silva, Founder of Beautyblender

• [43:00] Recap and benefits of investing in real estate as a growth asset  

• [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

Email - hello@themillionairehairstylist.com