Everyone says reinvest everything into your business. Nobody tells you when to stop.
Matt Srama found out the hard way. Two and a half years in, he was earning the most money he'd ever made but dreading Monday at his own business. Then it clicked. He'd bought himself a job.
He'd already lost one career. And now the one he’d created for himself felt like a chore.
We talk about the three pillars he runs his life by. The mistake that cost him his own borrowing power. And why assets outside the business make the biggest difference.
He also shares the one question he'd ask owners who have everything tied to their business, which took him years to answer himself.
In this episode:
-Business owner wealth creation and when to stop reinvesting every dollar
-The three pillars: business, wealth and personal, and why they run together
-Business owner burnout, the sauna moment, and "I bought myself a job"
-The three times he nearly quit, including once before he'd even started
-The Cashflow Quadrant and the flip in how he saw money and profit
-Buying his first investment property at 22 on a footy wage
-Deposit fear and limiting the time between your thoughts and your actions
-The business strategy mistake that wrecked his borrowing power before EOFY
-Playing the year in quarters and halves instead of going all-in on one thing
-How a property portfolio and passive income made him take more risk, not less
-Career transition from professional sport, leadership, and scaling a business
-Property investment mistakes: right location, wrong dwelling type
Resources mentioned:
Cashflow Quadrant by Robert Kiyosaki
The E-Myth Revisited by Michael Gerber
Connect with Matt:
Website: https://www.thesramagroup.com/
Instagram: @matt_srama
Instagram: @srama_goldcoast
Podcast: https://open.spotify.com/show/6ZTdnNdku9iVdkBEFrND8V
Connect with Tim:
Instagram: @timsayce
Linkedin: https://au.linkedin.com/in/tim-sayce-658a2616b
Website: https://kaikonstruct.com.au/about/tim-sayce/
Foundations & Futures is for ambitious business owners who want to build a successful business and use it as the vehicle to create long-term family wealth, freedom and opportunity.
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Music from #Uppbeat
https://uppbeat.io/t/simon-folwar/the-first-snowfall
License code: LPHTJX3UQXHGIALZ