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

ByPatrick 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 fromBet-David on his channeland check out his new bookDrop Out And Get Schooled.

Related:The 4 Ways to Discover Your Purpose in Life

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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 bookDrop Out And Get Schooled: The Case For Thinking Twice About College.

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