In this episode of The Artful Dollar, Ryan Roi, tattoo artist and financial coach, breaks down the intricacies of profit and its various forms, including gross profit, operating profit, and net profit. Ryan emphasizes the importance of measuring and managing finances to improve profitability, shares insights from 'The Richest Man in Babylon' by George S. Clason. Ryan also introduces the concept of 'Profit First' by Mike Michalowicz and discusses the significance of saving and investing for long-term financial stability. The episode aims to help creative entrepreneurs better understand their finances and build a more secure future.

Chapters

00:00 Introduction to The Art for Dollar Podcast

01:13 Defining Profit and Its Types

06:51 The Importance of Measuring and Managing Money

12:59 Lessons from The Richest Man in Babylon

21:58 The Profit First Method

27:46 Conclusion and Final Thoughts

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