MtoM #119 - Opening a Franchise

Our interviewees today are telling us about opening their first franchise. After listening to WCI podcast episode 267 about non-food franchising they decided to give it a try! This couple did tons of due diligence and spent a great deal of timing getting educated about how this business would run and they are finally off to the races. We think you will find their story super inspiring. This debt averse couple waited to do this until they had enough cash to pay for the whole project up front. Their advice to you is to be at a place in your financial life that if it doesn't work out it won't ruin you financially. That way this process can be fun instead of scary. Want to listen to the episode that inspired them? Check it out here: https://www.whitecoatinvestor.com/non-food-franchising-267/  This episode is sponsored by All Global Circle. You have valuable knowledge and can always use a little extra money. The All Global Circle community is set up to provide a clear, easy, and efficient means of communication between the pharmaceutical industry, the research industry, and those professionals who are using new developments and end products on an ongoing daily basis. If All Global Circle can't get you a survey to take within 90 days, they'll pay you a loyalty bonus just for logging in and checking a couple of times per month. By signing up at https://www.whitecoatinvestor.com/Global you'll get an extra $50 just for being a member of the WCI community. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones  Main Website: https://www.whitecoatinvestor.com  Student Loan Advice: https://studentloanadvice.com  YouTube: https://www.whitecoatinvestor.com/youtube  Facebook: https://www.facebook.com/thewhitecoatinvestor  Twitter: https://twitter.com/WCInvestor  Instagram: https://www.instagram.com/thewhitecoatinvestor  Subreddit: https://www.reddit.com/r/whitecoatinvestor  Online Courses: https://whitecoatinvestor.teachable.com  Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter