Once people become small business owners and entrepreneurs and start bringing in some money, do most of us start living more in ease, comfort, and style? Do we start living more extravagantly? Listen in today as we each share our own take on this and whether or not we have become more extravagant in our personal lives.

‘We argue that this comes down at least in part to how we view money. Michele, for example, discusses how she has taken more trips as an indirect result of her business, and Karamel agrees that she does have more ease, comfort, and style in her life ever since becoming an entrepreneur.

Whether or not we appear to be living extravagantly also has to do with what we value, and it’s also important to keep in mind that these things aren’t always just for purposes of luxury, as they can also be methods of much needed self-care. Do you, as an entrepreneur, value clothes? Cars? Jewelry? Services? Charity? Investments? What you value has a lot to do with whether or not you’re likely to be perceived as living in ease, comfort, and style.

We, as always, had a great time talking with each other about this and hope that you find it entertaining and helpful as well! If you want to share your story and how your personal lifestyle has changed since becoming an entrepreneur, please feel free to reach out! Please also consider subscribing to the podcast if you aren’t subscribed already so that you never miss a new episode when it drops, and don’t forget that we are now on YouTube, so please feel free to follow our YouTube channel if you want to both hear us and see us from here on out. See you next time!

Time Stamps

[1:40] - Do entrepreneurs become more or less extravagant in their personal lives?

[3:38] - Michele explains her own relationship with money.

[6:52] - Karamel does live a bit more extravagantly.

[10:01] - Karamel drives a Tesla now as a result of her business doing well.

[11:57] - Michele has always spent money on services like housekeeping.

[14:52] - Karamel has been taking a salary for six months.

[15:49] - Karamel and Michele agree that they don’t want to work for someone else again.

[17:51] - Business owners who live more than 5 miles from their business are more likely to fail.

[19:53] - Karamel acknowledges that her business does offer her some luxury.

[21:42] - Michele argues that entrepreneurs should count their blessings and be thankful.

[24:31] - Karamel really loves Ed Mylett’s philosophy.

[27:18] - Hear the titles of Ed Mylett’s books.

 

Resources

CEO Chronicles – Website

My CEO Chronicles - YouTube Channel

Email CEO Chronicles: [email protected]

Email Michele: [email protected]

Email Karamel: [email protected]

Ed Mylett - #Max Out Your Life: Strategies for Becoming an Elite Performer

Ed Mylett - The Power of One More: The Ultimate Guide to Happiness and Success