Why Most Entrepreneurs Stay Broke in 2025

In this episode of Financial Mastery Simplified, host Jax Crider and guest Jen Perez discuss the importance of understanding money in both personal and business contexts. They emphasize the need for financial awareness, tracking numbers, and separating personal and business finances. Jen shares her experiences and strategies, including the 1% rule for saving and the significance of having a plan in place. The conversation also touches on overcoming challenges, building resilience, and the importance of community support in financial journeys.

Chapters

00:00 Introduction to Financial Mastery

02:47 Understanding Money in Business and Personal Finances

06:56 The Emotional Aspect of Money

10:32 Building Trust with Financial Experts

12:44 The Importance of Financial Education

16:35 Tracking Numbers and Key Performance Indicators

20:19 Separation of Personal and Business Finances

23:36 Separating Business and Personal Finances

26:32 The Importance of Business Structure

28:53 Building Profit and Emergency Funds

31:31 The Power of Small Steps

34:18 Community and Support in Business

37:35 Aligning Purpose with Financial Goals

40:50 Overcoming Challenges and Persistence

43:40 Understanding Debt and Financial Responsibility

45:02 Creating a Plan for Success

Guest Contact Details:

Name: Jen Perez

Business: The Spicy CEO

Email: jen@thejenperez.com

Phone number: 8176800989

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