In this episode, Andrea Lake discusses the complexities of personal finance, the cost of living, and the importance of providing a living wage to employees. She reflects on her own financial journey, the challenges of scaling a business, and the emotional impact of financial decisions. Andrea emphasizes the need for honest conversations about money and budgeting, and shares insights on creating a sustainable business model that prioritizes employee well-being.
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LIVING WAGE LINK https://www.stickerjunkie.com/pages/livingwage
Chapters
00:00 Introduction to Sticker Wars
00:58 Commitment to Growth and Money Mindset
02:40 Scaling Challenges and Growth Strategies
09:25 Managing Growth and Client Retention
11:55 Understanding the Sticker Market
16:54 The Importance of Living Wages
26:45 Personal Reflections on Financial Realities
34:14 Budgeting for a Comfortable Life
38:22 The Cost of Living in San Diego
40:27 Budgeting for Comfort and Essentials
44:10 Understanding Living Wages
47:54 Economic Disparities and Solutions
52:53 Sticker Junkie's Growth and Future Plans