welcome to the new and re mixed thoughtful school. I didn't critical about this is twenty were calling The year of interaction, all your long we're taking your questions now attempt to provide some sort of answer. Let's jump right and I was so glad to get this question. I got today it's a bit of a problematic question, but I often hear it to hear these variations of it. I'm in so, if you have ever thought, oh, I have a certain amount of money. What can I do with it? What this question is for you and the thing is: if you go on a vacation, let's say I'm thinking about a particular budget. Is prickly reasonable. You might say I have a thousand dollars. You know to spend Whatever the amount is. Yes, you ask. Ok, where can I go for a thousand ox like what kind of vacation experience can I have or travel experience whatever? It is four x amount of money that makes sense for things like travel, but this thinking doesn't apply to your money. Making. So

project, or at least it shouldn't and I'll? Tell you why, along with a better approach, but first I have to think Oliver for bringing up this question. I think so much Oliver. Let's hear that question a message from our sponsor and then an answer that I feel pretty strongly about high over forty percent, Australia and I've been listened to search for a little while now and I dont have aside hopefully get, but I'm wondering what the possibilities might be. My situation, but I have a lot of disposable income by now,

always like hearing stories with low start up costs. I could probably spend about three hundred to five hundred dollars, no more. What's the best business or thought how to permit. Thank you again so much Oliver shouted, Brisbane, Australia, great city, looking to Australia every chance. I can help me back there soon. Not. Let's look at this issue and I sent his question was a little bit problematic. The private problematic is is not at all about. You know, hearing stories, low started cause. That's great! That's our goal. It backs I'll. Come back to that when I went to look out here. Is this notion of starting with a particular amount of money, and to do so, it might help to think about a larger amount, because in this example, it was three hundred dollars and for most of us three ours is in the category of why

throw it away like it's. Not an incident amount of money, but my well being or my quality of life isn't threatened. If I lose it, ok one. What if Oliver anyone else with his question said I have three thousand dollars or even thirty thousand dollars now started world or even a retail store or some manufacturing businesses, thirty thousand dollars isn't considered a lot of money. I people spend our life. Savings are MAX out their credit cards for business opportunities, all the time which I do not recommend just to be clear. But in that situation, if someone doesn't have a specific idea in mind, but they say we have thirty thousand dollars. What's the best way to spend it, you can probably spot the fly in the reasoning,

Now, when you're going on that vocation- and you have a fixed amount affixed budget to spend, it makes sense to plan without constraint in mind, but with side of society, as you may actually not need to spend any amount of money. So that's why I think it so much better to focus on the idea, not the budget. Let your ideally the way, because when it comes to making a website was to say you can spend fifty dollars on making a website or you can spend fifty thousand dollars. The range really is quite brought. So what you spend on anything related to your money, making project it should connector relate to what is required, not just what is available to you. You spend money for no good reason? You know there are so many stories we've had I'm just thinking of this one episode, one thousand and sixty six electrical engineer rides demand the dog collar empire. Okay. So if that's what that story, she had five hundred dollars in startup costs. Five hundred dollars

and it's not a multi million dollar business k, so you hear this thing from time to time about how it takes money to make money, and I'm always like where's that come from that sounds like it comes from people who waste a lot of money. So as for what idea is ok and we got lots of other examples in the archives you're working to steal. One of those I will also be looking at the whole, Says if I judge in the classroom series the first pillar That will come out tomorrow and then once a week for the rest of the year. Last but not least, remember that although budget idea is something to be proud of not something to be. We ve had a lot of zero dollars tonic stories on the show you can spend a very small, With the right idea, that's why it's all about ideas, making them happen not about how much money you have spent spend listers. Do you have a question come to satisfy school dotcom Lascaux? since rarely featuring them throughout the year, along with updates from listeners as they launched their projects today show knows our side of the school day.

Slash ten. Ninety eight one zero, nine eight we include transcripts there and you can sign up for annually. Updated emails works, so many good things in the works this year and I can't wait to hear about your project to more to come tomorrow. My name is critical about this. His sight of his will from the onward projects.