Ending Soon! Save 33% on All Access

The 10 Dumbest Mistakes Entrepreneurs Make With Their Money Don't waste your money on services you don't need or unrelated business.

By Patrick Bet-David

Opinions expressed by Entrepreneur contributors are their own.

Warren Buffett is famous for saying he follows only two rules in investing:

  1. Never lose money.
  2. Never forget rule No. 1.

In this video, Entrepreneur Network partner Patrick Bet-David explains how to make sure you follow Buffett's advice. Because, while it might be fairly easy to earn money once you become an experienced entrepreneur, it's always much easier to lose it.

To learn more, click play.

Watch more YouTube videos from Bet-David on his channel and check out his new book Drop Out And Get Schooled.

Related: The 4 Ways to Discover Your Purpose in Life

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical and provides partners with distribution on Entrepreneur.com as well as our apps on Amazon Fire, Roku and Apple TV.
Patrick Bet-David

Entrepreneur Network Contributor

Patrick Bet-David teaches the fundamentals of entrepreneurship and personal development while inspiring people to break from limiting beliefs or other constraints and achieve their dreams. It has been referred to as “the best channel for entrepreneurs.” Learn more from Patrick's invaluable expertise and check out Patrick's new book Drop Out And Get Schooled: The Case For Thinking Twice About College.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from Patrick Bet-David

How Many of These 14 Common Negotiating Mistakes Do You Make?

8 Ways to Pick a Great Name for Your Business

10 Things You Must Do Before Becoming an Entrepreneur

How to Turn Content Into an Actual Product

Editor's Pick

Most Popular

See all
Leadership

How a $10,000 Investment in AI Transformed My Career and Business Strategy

A bold $10,000 investment in AI and machine learning education fundamentally transformed my career and business strategy. Here's how adaption in the ever-evolving realm of AI — with the right investment in education, personal growth and business innovation — can transform your business.

By Jacqueline Ann DeStefano-Tangorra, CPA, CFE, MBA
Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

By Amanda Breen
Starting a Business

How to Find the Right Programmers: A Brief Guideline for Startup Founders

For startup founders under a plethora of challenges like timing, investors and changing market demand, it is extremely hard to hire programmers who can deliver.

By Vasily Voropaev
Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

By Eve Gumpel
Leadership

How to Break Free From the Cycle of Overthinking and Master Your Mind

Discover the true cost of negative thought loops — and practical strategies for nipping rumination in the bud.

By Aytekin Tank
Science & Technology

3 Major Mistakes Companies Are Making With AI That Is Limiting Their ROI

With so many competing narratives around the future of AI, it's no wonder companies are misaligned on the best approach for integrating it into their organizations.

By Chris Stegner