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# Salman Khan's Best Financial Advice

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<!-- video src="https://cdn.jwplayer.com/manifests/BQXvUFsy.m3u8" -->
## Video: Salman Khan's Best Financial Advice

[Watch (HLS stream): Salman Khan's Best Financial Advice](https://cdn.jwplayer.com/manifests/BQXvUFsy.m3u8) (1:05)

![Salman Khan's Best Financial Advice](https://cdn.jwplayer.com/v2/media/BQXvUFsy/poster.jpg?width=720)

_Published 2016-02-22. Khan Academy's founder offers advice on how to get a business off the ground._


---

Jul 27, 2023 7:26 PM UTC

---

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### Why Salman Khan Used to Skip Class

[Best Financial Advice from TAMU Business School Dean](/video/c3m5Dyep/)

### Best Financial Advice from TAMU Business School Dean

---


## Transcript

[ MUSIC ] Best financial advice, live below your means. [ LAUGH ] My mom reused paper towels, so that's how I grew up. [ LAUGH ] If you're gonna start a business, either someone says hey, I got a no risk proposition for you where you're gonna be able to make a lot of money Or they wanna start a business. I always tell them, this actually goes back to advice that I got from my first boss in the financial world, where he says, why are you in the position to take advantage of that? Why are they talking to me as opposed to, there's a lot of professional investors with billions of dollars, how come they're not going to them?

Well maybe Maybe they know something that I don't know. So kind of, what's your edge, what's your spin? If you're gonna start a business, don't think about hey, there's that person down the street doing the that thing, I'm gonna do the exact same thing. At best you're just gonna spilt that business and you're both going to suffer. The best thing to think about is what is unique that I have to contribute, what's gonna be the niche that I can play, what's my unique advantage as I think about investing money or starting [ MUSIC ]

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