Intro

In this chapter, the host revisits a classic episode with an entrepreneur who candidly shares their journey in wealth creation through business. The discussion covers challenges, innovation, the nuances of selling a venture, and a reevaluation of the conventional wisdom surrounding passion in business.

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Episode notes

Clay Finck chats with MJ DeMarco about why he chose entrepreneurship as his path to building wealth, his journey in building a successful business, how he knew it was time to sell what he built, why following your passion is bad advice when starting a business, what MJ’s definition of wealth is, ways in which entrepreneurs can validate their business ideas, and much more!

MJ DeMarco is an entrepreneur and international best selling author of The Millionaire Fastlane, Unscripted, and The Great Rat Race Escape.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

04:30 - Why MJ chose entrepreneurship as his preferred path to building wealth.

09:52 - MJ’s journey to building his first successful business.

18:14 - How he knew it was time to sell out of his business.

22:19 - Why following your passion in starting a business is bad advice.

26:03 - What MJ’s definition of wealth is.

40:14 - Ways in which entrepreneurs can validate their business ideas.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Check out MJ’s book, The Millionaire Fastlane.
Check out MJ’s book, Unscripted.
Check out MJ’s book, The Great Rat Race Escape.
Read MJ’s Fastlane Forum.
Related episode: Listen to: MI069: Practical Strategies For Starting A Business W/ Steve Hoffman, watch the video.
Related episode: Listen to: MI071: How To Become A Successful Entrepreneur w/ Sean Castrina, watch the video.
Check out the books mentioned in the podcast here.
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