What was the biggest money lesson that you learned as an adult?
I always felt too busy to monitor expenses closely early in my journey as a founder—I was already wearing so many hats. Plus, the business was busy and money was coming in, so it was all good, right? Learning to prioritize balancing the books regularly helped me to gain perspective on where I should be spending and when I should be pulling back.
Would you rather receive a large sum of money all at once or a smaller amount of money regularly for the rest of your life?
Large sum all at once. Just think of the investment opportunities.
What is the biggest misconception people have about growing money?
That entrepreneurs must have high-risk proclivities. Yuck—who wants anything high-risk in life? Franchising is an established business, with a recognizable brand name, and a proven business model and strategy. That’s a smart risk.
Can you share a money regret?
I’m not someone who regrets things. The obstacle is often the way and, at the very least, it’s an education. Never let the fear of regret stop you.
What does the word “value” mean to you?
Anything you hold in high regard, and it’s not necessarily monetary or even quantifiable. I really don’t mind spending on anything experiential. Particularly quality chocolate—I will always go for that.
What’s the first major purchase you made as an adult?
My first house. I was 26. I sold it several years later for what at the time seemed like a healthy profit, and I began renting, which felt freeing to me as I launched my business. But, when I finally re-entered the market half a decade later, the housing market had moved significantly, and my buying power was reduced. So maybe there’s a tiny regret there.
What’s your take on debt?
Debt is a tool. That means you’re in control of it, not the other way around. If it’s an asset that’s going to increase in value, or empower you to earn a better living then that’s worthwhile, but racking up debt on consumer goods to impress other people who probably couldn’t care less—why?
What is the last money-related book that you read?
The Wealthy Franchisee. I’ve read it a few times actually. I love it. It is so relatable and an absolute must-read for franchisees or anyone thinking of becoming a franchisee.