Daily Power Thoughts #91

Harnessing the power of thought is fundamental in designing your best life and nourishing your soul. In this season, we share quotes, takeaways from our guests and affirmations to energize your day. Let this season help to awaken your best you, uplift, inspire and bring daily joy. Knowledge is power. 

In episode 91, we talk about equity.

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Episode Transcript

Unknown (00:05):
Welcome to Souls of Hip Hop
Harnessing the power of thoughtis fundamental in designing your
best life and nourishing yoursoul. In this season, we share
quotes, takeaways from ourguests, and affirmations to
energize your day. Let thisseason help to awaken your best
you, uplift, inspire and bringdaily joy. Knowledge is power.

(00:37):
Today's power thought is aboutequity and business and comes
from angel investor, creatorf AngelList billionaire
and philosopher Naval Ravikant.
Here's the quote, you want toown equity if you can. If you
don't own equity in a business,your odds of making proper money
are slim. Equity represents thevalue that would be returned to
a company's shareholders if allof the assets were liquidated

(00:58):
and all of the company's debtswere paid off. We can also think
of equity as a degree ofresidual ownership in a firm or
asset after subtracting alldebts associated with the asset.
Having equity in a company meansthat you have a stake in the
business you're helping to buildand grow. You're also
incentivized to grow thecompany's value in the same way
founders and investors are youmust own equity a piece of the

(01:20):
business to gain your financialfreedom.
Our theme music was beatboxedy Denis the Menace and p
oduced by Zede. A big shout outto the brothers from
Switzerland.
The background music wasproduced by Taki Brano. A big

(01:40):
hank you to our brosky fromrovidence. Our podcast
asically runs on coffee. Toeep our show running you can
upport by buying a coffee througthe link in our show notes. I a
Candy. I'm DJ RazorAnd this is souls of hip h