Don’t Rob From Your Future Self!
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What is discussed at the start of this section?
Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, help them do work that they love, and create actual amazing relationships. You can give us a call. The number is 888-825-5225. My name is Jade Warshaw. I am joined by George Campbell. Good to have you in the house, George.
So fun.
It's great because, look, we both have books out. That's an exciting time. I love it. If you're not watching YouTube on podcast, we have them both displayed. George's new book, Breaking Free from Broke. Pre-order today. And then you've got this one. Well, George, you're supposed to announce mine.
What books are Jade and George promoting?
And Jay Warshaw's new book, Money's Not a Math Problem. Can I say, my wife saw your cover yesterday and she was like, that's such a cute cover. Oh my gosh. I was like, you didn't say that about my cover. So I just want you to know, Whitney's a big fan of the cover. She loves the color. She loves your outfit.
I love that. It's supposed to look like a magazine. And I feel like, do you feel like it does?
A hundred percent.
Yes. And I feel like yours is.
Mine looks like Honey, I Shrunk the Kids, but you know, that's fine.
Oh, I was going to go more for like Incredible Hulk, like move these walls.
I get that a lot. If I had a nickel, Jade, for every time I got compared to the Hulk. I'd be broke.
Real talk. I love it. But you can get your copy. I would say just go on and get both of them. Read them both or take one for yourself and give one as a gift. That's a good strategy.
Love it. RamseySolutions.com slash store.
That's right. RamseySolutions.com slash store to get it. Get involved, people. I'm going to get involved with these phone lines.
How can I manage my inventory effectively?
We've got Chris from Minneapolis, Minnesota. What's going on, Chris? Hey, how you doing? Doing good. Hi.
Yeah. Hi. I'm on here just to find out. I have a makeup on location business for bridal parties and I started a wholesale brand from this idea for my makeup on location. Cool. And I'm looking to scale and figure out how to do wholesale for boutique stores and I have 11 locations right now where I'm selling to boutique stores my brand, but I'm just trying to figure out how to, how to figure out wholesale from consignment, doing a consignment or selling it wholesale directly to the, to the boutique stores and to see what's best.
So it's your line of makeup. It's your line of makeup that you're selling.
Yeah, well, it's private labeled currently. We're looking at different ways to do custom stuff because I know a lot of customers are asking for that with the movement in the industry of having things be homemade.
When you say custom, what does that mean for makeup? Because let me tell you what I have in my head because I want to make sure the listeners understand. I'm thinking the same way I might go to the drugstore and buy like Revlon, right, brand. You've got your own brand of makeup that you're selling.
What brand?
Yep. Well, it's private. Well, so when I say own brand, I work with a manufacturer here in the U.S., and so it's not my own recipe. So it would be something that I go there, find out what I want to sell through my online store and to the stores, and then I package it here. You slap your own label on it. Yeah. I got it. Yep. Exactly. Our box is here in Minneapolis. Okay.
Okay. What are you bringing in right now? What's your top line revenue?
Um, well, that's where this, so, uh, my wedding business where we do makeup on location is actually the top revenue, two part business. So that is where, but because it's a service industry, there's no overhead. Right, right.
And I love that by the way.
Yeah. So where the whole brand came from is I had bridal clients were like, oh, you know, how do I touch up? You know, I need my own lipstick to carry in the day. And that's where the brand idea came from. My brand is Gunpowder and Gloss Beauty.
So do you have some stores that want to carry this?
Yeah, they're actually already carrying it. I have 11 locations right now. I just got Delaware, which is pretty cool. I'm trying to basically small boutique stores that don't have necessarily a brand.
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Chapters
8 chapters
1
What is discussed at the start of this section?
0:29–1:06
2
What books are Jade and George promoting?
1:06–1:58
3
How can I manage my inventory effectively?
1:58–5:03
4
What advice is given about paying off debt?
5:03–51:49
5
How can we financially support our grandma's care?
51:49–52:47
6
What are the long-term implications of helping family financially?
52:47–53:12
7
What are the best strategies for managing debt while raising kids?
53:12–53:57
8
How can we balance work and family life effectively?
53:57–1:52:29