"Mark Cuban says his best investment wasn't in a hot startup or a booming stock - it was in himself. The billionaire investor and former " Shark Tank" star shared on BlueSky on Saturday that the smartest financial move he ever made was living cheaply long after graduation. "Living like a student long after college so that I could start my business," Cuban wrote in response to a fan asking about his best investment of all time."
"Later in another blog post, Cuban described setting $20 weekend budgets, living off happy-hour food, and sipping $12 bottles of cheap sparkling wine - all while devouring software manuals at night to get ahead in the industry. When he finally saved $1,000, he wrote, his only splurge was a new set of towels. In a 2009 post aimed at students, Cuban returned to the same theme, urging them to live cheaply while building a foundation in account"
Living frugally after graduation can free up cash and freedom needed to launch a business. Examples include sharing a rundown apartment with multiple roommates, sleeping on a couch, and driving an unreliable car to reduce expenses. Other tactics include strict weekend budgets, eating happy-hour food, choosing inexpensive treats, and studying technical manuals at night to gain industry skills. Treating odd jobs as opportunities to learn builds practical experience. Saving an initial small nest egg and avoiding early splurges preserves capital for ventures. Living lean supports both financial readiness and accelerated skill accumulation for entrepreneurship.
Read at Business Insider
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