Financial independence and financial safety are very important for entrepreneurs, says Paras Chopra of Wingify
According to Paras Chopra, Founder and Chairman of SaaS startup Wingify, ‘wealth’ and ‘money’ are related but are two different things. He explains that while wealth means wanting things or things needed to improve life, money would mean “numbers in one’s bank”. When asked about managing the money coming from Wingify, Paras explains that the first priority is always business growth and has always reserved a certain amount of the revenue to pump it back into the business. He explains that financial independence and financial safety are very important for entrepreneurs. Paras says that he always made sure that he had enough money to not worry psychologically about his safety.