The “9-5” pays the bills, the “5-9” builds your future | Saturday Edition E177
Apr 20, 2024
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Rich Somers and Savannah Arroyo, The Networth Nurse, discuss transitioning from W2 employees to real estate investors. They share literature, podcasts, and strategies for pursuing the '5-9' approach, finding 'whys,' embracing mistakes, and boosting productivity. The conversation highlights sacrifices, personal growth, and the challenges of entrepreneurship while emphasizing perseverance and self-support for success.
Transitioning from traditional employment to entrepreneurship requires mindset shifts and identifying personal motivations for pursuing passive income streams.
Prioritizing dedication, perseverance, and continuous learning is crucial in overcoming challenges and achieving success in entrepreneurial ventures.
Deep dives
The Transition to Entrepreneurship and Real Estate Investing
The podcast discusses the journey of transitioning from a full-time career to becoming an entrepreneur and a real estate investor. The speaker shares their personal experience of moving from being a government employee to a full-time real estate investor, emphasizing the need to reinvent oneself and change priorities. Highlighting the motivations behind this shift, the guest speaker explains how personal goals and family priorities influenced the decision to pursue entrepreneurship and passive income streams.
Changing Mindsets and Seeking Financial Independence
The episode delves into the importance of changing traditional mindsets about employment and seeking financial independence through avenues like real estate investing. The speakers discuss the challenge of breaking free from societal norms that dictate working a job for life and highlight the significance of seeking alternative paths to financial stability and control over one's life. They emphasize the role of mindset shifts, goal clarity, and educational resources like books and podcasts in empowering individuals to explore new opportunities.
The Sacrifices and Challenges of Pursuing Entrepreneurship
The podcast explores the sacrifices and challenges involved in pursuing entrepreneurship, emphasizing the need to prioritize and make temporary sacrifices for long-term gains. The speakers share personal experiences of sacrificing social activities and leisure time to focus on building their businesses. They discuss the necessity of perseverance, resilience, and continuous learning in overcoming obstacles and maintaining momentum in entrepreneurial endeavors, underscoring the value of dedication and determination in achieving success.
On today's "Saturday Edition" episode, Rich is joined by Savannah Arroyo, “The Networth Nurse”. Rich and Savannah start off by talking about their transformation from normal W2 employees to real estate investors. They then analyze useful literature, podcasts, and techniques that helped them live the life they wanted to live, utilizing the “5-9” approach after normal work hours, finding their “whys,” affording themselves the grace to make mistakes, and how they increased their productivity when they got started.
Connect with Savannah on Instagram: @thenetworthnurse
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