Cool Club Records

#4. Don't expect to make the money tomorrow that you're making today. I bought a house a year after starting a business. 1 year later when the business decreased, I had to sell my house. Don't tie yourself to mortgages and spend all your money early on. Prepare for the worst.

#6. In the long run, an asset business is easier than a service business. Selling something that keeps making money is easier than doing a service you get paid once for once. If you are in a service business, consider investing your profits in assets like stocks or property.