$100M-Net-Worth Retired Founder: Chasing Energy Instead of Money
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May 2, 2024
An anonymous retired founder discusses overcoming money addiction and focusing on energy instead of wealth post-exit. They reflect on the struggles in retirement, forming an anonymous support group, balancing providing for children, and finding fulfillment in meaningful activities. The episode delves into the concept of 'enough' money, emotional reflections on selling a business, and navigating post-retirement fulfillment.
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question_answer ANECDOTE
Joyful Six Months Post-Sale
Jeff experienced six months of pure joy after selling his company, skiing 65 days and finally resting.
He actively engaged in simple pleasures like deeply listening to music, something new for him.
volunteer_activism ADVICE
Run Your Own Retirement Race
Avoid following societal expectations blindly after exit; they often lead to dissatisfaction.
Instead, run your own race and find activities that truly energize you.
insights INSIGHT
CEO Habits Harm Retirement
Success habits like control and perfectionism are damaging in retirement.
Recognizing these subroutines helps transition from CEO mode to a fulfilling retired life.
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Today's guest has chosen to remain anonymous to ensure the utmost authenticity and vulnerability in sharing his story.
Four years ago, he fully exited his business and now describes his life as post-economic. He realized he had a money addiction his entire life and took a radical step to address it—he avoids any money-making activities, focusing instead on activities that increase his energy.
In this episode, we focus on how to know what we truly want and whether we have enough.
Beyond The Finish Line: https://btfl.org/ Retired Founder Twitter: https://twitter.com/RetiredFounder
_____________________________________________________ (00:00:00) Intro (00:02:09) Reasoning behind anonymity (00:03:43) Business selling journey (00:06:15) Post-business selling life (00:08:06) Personal discovery and growth (00:09:50) The struggles in retirement (00:11:10) Unraveling the unhappiness (00:14:00) Breaking bad habits (00:17:35) Further self-discovery and improvement (00:18:56) Reflections on the pursuit of money (00:19:45) The concept of "enough" money (00:20:28) The struggle with money addiction (00:21:08) Forming an anonymous support group (00:21:35) Description of 'Beyond the Finish Line' group (00:22:10) Dealing with loss of work structure after exit (00:25:04) Choosing to separate self from money making endeavors after exit (00:30:00) Emotional connections to the sold business and the importance of being needed (00:35:16) The quest for being useful and finding satisfaction (00:37:03) Setting up for inviting good things into life (00:38:59) Overcoming post-exit blues and the journey to self-enlightenment (00:40:41) The realization that happiness is not equal to money (00:41:43) The comfort zone and yearly expense (00:42:27) Discomfort and societal views on financial pursuit (00:47:07) Potential of finding a new purpose with economic upside (00:51:14) Balancing personal monetary gain with sustainable solutions (00:53:28) Personal hobbies and recreational activities that energize (00:57:59) The struggle with too much freedom (01:00:17) The process of energy management (01:01:57) The sense of purpose and fulfillment through contribution and growth (01:03:16) Art of Disappearing (01:04:15) Views on Legacy (01:05:06) Thoughts on Inheritance (01:07:03) Mental Health Discussion (01:08:11) Silent Retreats and Psychedelics Exploration (01:10:03) Vision of the Four False Gods (01:10:47) Wrap Up and Final Advice
Exit Paradox