Financial Planning And Budgeting

For Your Cannabis Business

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Step 7 – Finances

by Anthoney Frischknecht

“I didn’t end up going bankrupt. I made some great investments and held onto my money, which also enables me to have the freedom to do what I want now. But it’s not about finances. No matter what, it’s about keeping it real.”
– Vanilla Ice
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It’s time you and I had this discussion. This point is so critical. It will bring you huge success or great failure. People tend to change the subject when it’s brought up. Some people may talk about this with their friends, but most people never share it with their spouses or significant others. I’m talking about your personal finances. Yes, this is our come to Jesus talk. It’s time for you to get real about where you are and where you aren’t.
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I was 27 years old, with a mountain of debt. There was over one thousand dollars’ worth of unsecured credit card debt, a $200,000 first mortgage on a house that I owned, as well as a second mortgage of $51,000, and I was barely paying all my overhead costs. My total overhead costs were nearly $15,000 a month. This didn’t include food, clothes, or basic living needs. I was strapped! It was a very hard time in my life. I did everything I could to not think about it. But the bills still got paid. The only other option I had was to fail, and as the old saying goes, failure is not an option.
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In those times, I learned a lot about myself; things that I wasn’t sure I was supposed to feel or go through. Anytime I look back at a situation, I realize it was mandatory to experience those tough times. They really teach you what you’re made of. It’s much easier to verbally say it now. I sound like an old man. Well, for the industry, I am old. Now I know what those guys were talking about, and you will definitely experience this on your own journey. The good news is that I’m here to tell you it’s normal. Yes, you’re not going to hear that from industry people until you get to know them. It may be a good idea for you to keep this step handy and read it when you’re feeling like the whole world is against you.
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To be continued…

To continue reading please purchase your copy of From Black Market to The Man:

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Congratulations for choosing this book! I have no doubt that it will change your life for the better. It will inspire you to achieve your dreams and to live the life that you have always wanted to live!
Raymond Aaron

New York Times Bestselling Author

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