“They could afford to pay somebody now, but they just won't use their own money because that doesn't look like the smart use of money when they can do it themselves.”

True Wealth: money & business podcast · The $100m mindset they all hated me for - Solidcore's Anne Mahlum

Play from 56:47
56:47

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What was described

chooses to pay for experiences or services people need rather than giving cash, because cash often gets saved and not used for growth

Said nearby on the same subject

“We give out a rake to these people and a cash award... people that save TPUs, that optimize, make them more.”
JW
Josh Woodward
Lenny's Podcast: Product | Career | Growth ·
Why it worked Share this moment
“The typical interest rate on a savings account is so low you need a magnifying glass; cash in a whole life policy grows guaranteed and pays dividends.”
♫
Said on Entrepreneurs on Fire
Contrarian take Share this moment
“Important not to give equity to someone just because you can’t afford to pay them… cash is temporary, equity is forever”
♫
Said on The Lazy CEO Podcast with Jane Lu
Contrarian take Share this moment
“I might give a quarter million in cash and a quarter million in stock for services.”
DF
Dan Fleischman
Moneywise ·
Pricing Example: $250 k cash + $250 k equity = $500 k total compensation Share this moment

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