You Always Have The Money - EP 106

Today, I want to start with a little thought exercise that includes three different groups of people: drug addicts, people living in trailer homes, and college students. Now, on the surface, they might not seem to have a lot in common, but dig a little deeper, and you'll find they share a major trait: generally speaking, they're all cash-strapped. Sure, you might find exceptions—a wealthy addict or a college student with millionaire parents—but as a rule, these groups are not swimming in money. Still, they find ways to fund what they value most, whether it's drugs, entertainment, or a spring break trip. And that brings me to an important point: people always find money for what they truly want.

This insight is something I've noticed in many entrepreneurs too. So many of them say they're afraid to invest big money in growing their business. They're hesitant to hire a $60,000 employee or invest $200,000 in crucial equipment. Yet, if you take a closer look, these same people are often spending on luxury condos, high-end SUVs, or flashy sports cars. It's not that they don't know where to find the money—they just prioritize spending it elsewhere. They're comfortable splurging on things that make them look successful, but hesitant to put the same level of investment into things that would actually drive their business forward. It's all about priorities, and whether we like to admit it or not, we always have the money for what we want most.

For me, I've chosen a different path. I keep as little cash in reserves as possible and reinvest every dollar I can back into my business. It's a mindset that's driven my success, and I believe it can do the same for others willing to be honest with themselves about their spending habits. If you're willing to cut back on the things that don't truly support your goals and start putting big money where it counts—on hiring the right people, amplifying your marketing, or upgrading your tools—you'll see incredible growth. It's a powerful approach that's worked for me, and it can work for you too.

Welcome to The Spinoso Podcast hosted by CEO, doctor, comic book geek, and car guy, Alex Spinoso. I help people and companies grow - especially in the medical business. While my experience and expertise is in scaling all types of medical businesses to 7, 8, 9-figures or more, I can be a mentor to anyone who wants to take ownership of their lives, become a better leader at home and at work, and overcome any obstacle that stands in their way.

(0:00) - Intro

(1:14) - Identifying Commonalities Among Three Groups

(3:30) - Financial Habits of College Students

(5:08) - Entrepreneurs' Spending Habits

(8:35) - Conclusion

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