$100M-Net-Worth Retired Founder: Chasing Energy Instead of Money
May 2, 2024
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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.
Shifting focus from money-making to energy-increasing activities post-exit promotes genuine fulfillment beyond financial pursuits.
Embracing self-discovery, avoiding societal pressures, and forming meaningful connections enhance satisfaction in retirement.
Prioritizing energy as a guiding force in decision-making and engaging in enriching activities lead to a more fulfilling post-exit life.
Deep dives
Transitioning to a Post-Economic Lifestyle
After a successful business sale, the guest realized his money addiction and shifted focus to activities that energize him. By avoiding money-making pursuits, he explored knowing true desires and sufficiency beyond financial accumulation. Reflecting on a fulfilling post-exit life, he emphasized the importance of pursuing meaningful objectives with respected individuals to cultivate a satisfied and purposeful existence.
Navigating Post-Exit Challenges
Following the sale of his business, the guest initially experienced diverse post-exit activities like angel investing and nonprofit work but found them unsatisfying. He discovered the struggle of aligning societal expectations with personal fulfillment in retirement, engaging in activities that failed to provide long-term contentment. The journey from accumulation to identifying genuine desires highlighted the significance of self-discovery and avoiding societal pressures in retirement.
Mental Shifts in Post-Exit Endeavors
Acknowledging the challenge of moving away from money addiction, the guest founded a support group for post-exit individuals finding purpose beyond financial pursuits. Encouraging a shift from high-pressure, high-reward ventures, he emphasized the value of being useful, engaging with like-minded founders, and focusing on activities that enrich life and provide genuine energy. Through forming connections and engaging in meaningful pursuits, he aims to balance challenge and satisfaction in his post-exit journey.
Reflections on the Relationship Between Money and Purpose
The discussion delves into the complex emotions tied to wealth, highlighting the speaker's struggle in comprehending the relentless pursuit of money when it surpasses practical needs. They suggest that accumulating wealth may represent an avoidance of deeper emotional issues, resonating with the notion of comfort zones and control. The conversation explores how societal mindsets shaped by scarcity could contribute to an unending quest for more money, creating a parallel with the struggle for mastery over food supply. Ultimately, it questions the fulfillment derived from ceaseless monetary pursuits and the concept of filling emotional voids with material wealth.
Embracing Energy as a Life Guiding Principle
The focus shifts towards prioritizing energy as a guiding force in decision-making and personal fulfillment. The speaker emphasizes engaging in activities that fuel energy and shedding those that deplete it, illustrating a shift towards a more fulfilling life governed by energy levels. Through activities like spending time with fellow founders, engaging in recreational pursuits, and fostering genuine connections, the individual aims to align their actions with energizing experiences. The conversation underscores the significance of channeling energy towards purposeful endeavors, personal growth, and contributions to create a more enriching and satisfied life.
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
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TIME STAMPS:
(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
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