# You Made a Bunch of Money\. Now What? \| Ep\. \#592

**URL:** https://www.singlegrain.com/episodes/marketing-school/you-made-a-bunch-of-money-now-what-ep-592/  
**Published:** 2018-03-15  
**Author:** Selena Templeton  
**Summary:** In episode \#592, Eric and Neil discuss what you should do with your profits\. Tune in to hear in what you should be investing\. TIME\-STAMPED SHOW NOTES: \[00:27\] Today’s Topic:\.\.\.  

---

In episode #592, Eric and Neil discuss what you should do with your profits. Tune in to hear in what you should be investing.

**TIME-STAMPED SHOW NOTES:**

- \[00:27\] Today’s Topic: _You Made a Bunch of Money. Now What?_
- \[00:45\] If you make six figures, pay your expenses and live a minimalist lifestyle.
- \[01:05\] Put all your money back into your business.
- \[01:28\] [ Ray Dalio’s book](https://www.amazon.com/Principles-Life-Work-Ray-Dalio/dp/1501124021) has been helpful for determining what to do with your money.
- \[01:54\] Ray is a hedge fund manager; his book discusses the benefits and diversifying.
- \[02:18\] Warren Buffett typically makes ten to twenty investments at a time.
- \[02:37\] Invest back in yourself!
- \[02:50\] Invest back into your business!
- \[03:22\] Neil would take his profits and invest in more businesses.
- \[03:40\] He lost a lot of money this way. Focus on your core business.
- \[03:44\] Neil spoke with Brian Lee, head of [Shoe Dazzle](https://www.shoedazzle.com/) and [Legal Zoom](https://www.legalzoom.com/). He told Neil to have laser-sharp focus on his core business.
- \[04:14\] Only consider expanding when your core business has leveled off.
- \[05:23\] Eric watched a video about how to get richer.
- \[05:45\] He learned that taxes are 30-50%.
- \[06:06\] Eric recommends starting an LLC to run your expenses through.
- \[06:21\] That’s all for today!
- \[06:25\] Go to [Singlegrain.com/Giveway](https://www.singlegrain.com/giveaway) for a special marketing tool giveaway!

**Leave some feedback:**

- **What should we talk about next?** Please let us know in the comments below.
- **Did you enjoy this episode?** If so, please leave a short review.

**Connect with us:**

- [NeilPatel.com](http://neilpatel.com/)
- [Quick Sprout](https://www.quicksprout.com/)
- [Growth Everywhere](https://growtheverywhere.com/)
- [Single Grain](https://www.singlegrain.com/)
- [Twitter @neilpatel](https://twitter.com/neilpatel)
- [Twitter @ericosiu](https://twitter.com/ericosiu)

The post [You Made a Bunch of Money. Now What? | Ep. #592](https://marketingschool.io/you-made-a-bunch-of-money-now-what-ep-592/) appeared first on [Marketing School Podcast](https://marketingschool.io/).