Grant Sabatier, bestselling author of "Millennial Money," shares his insights on entrepreneurship and financial freedom. He discusses the reality behind starting your own business, emphasizing the importance of knowing if it's the right path for you. Grant highlights the power of structure over limitless freedom and offers clever pricing strategies to find customers. He also debunks entrepreneurial myths like the glamorous lifestyle and even tackles the quirky topic of tax-deductible weddings. Packed with real talk and surprises, this conversation is a must-listen for aspiring entrepreneurs!
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question_answer ANECDOTE
Neighborhood Newsletter
Grant Sabatier's first entrepreneurial venture was a neighborhood newsletter at age 8, covering local happenings.
He charged 10 cents per month and even secured advertising, showcasing early business acumen.
insights INSIGHT
Freedom Within Limits
Grant Sabatier emphasizes that true freedom comes from setting limits, not unlimited choices.
Focusing on what you love and saying no to other things brings peace, even if it means less money.
volunteer_activism ADVICE
Faster Path to Wealth
Switching from traditional employment to entrepreneurship offers faster wealth-building potential.
Even if you don't want to be a full-time entrepreneur, understand what it means and consider testing it.
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First published in 1855, 'Leaves of Grass' is Walt Whitman's magnum opus and a cornerstone of American literature. The collection, which Whitman continued to revise and expand until his death, explores themes of identity, nature, democracy, and the human condition through free verse poetry. It is renowned for its innovative style and its celebration of the individual and the collective.
The E-myth revisited
why most small businesses don't work and what to do about it
Michael E. Gerber
The E-Myth Revisited challenges the common assumption that most businesses are started by entrepreneurs. Instead, Gerber argues that most businesses are started by technicians who understand the technical work but not the business itself. The book introduces the concept of the E-Myth and explains that successful business owners must balance three roles: the Entrepreneur (the visionary), the Manager (the planner and organizer), and the Technician (the one who performs the technical work). Gerber emphasizes the distinction between working 'in' your business and working 'on' your business, and he provides strategies for systemizing and scaling businesses, including the concept of the Franchise Prototype.
Inner Entrepreneur
Grant Sabatier
Grant Sabatier's "Inner Entrepreneur" delves into the personal aspects of entrepreneurship, emphasizing self-awareness and aligning business goals with one's desired lifestyle. The book encourages readers to understand their values, strengths, and limitations before embarking on entrepreneurial ventures. It provides a framework for building a business that supports a fulfilling life, rather than one that consumes it. Sabatier shares practical strategies for creating systems, managing time effectively, and navigating the challenges of self-employment. The book is a valuable resource for aspiring entrepreneurs seeking a more holistic and balanced approach to building their businesses.
Financial Freedom
A Proven Path to All the Money You Will Ever Need
Grant Sabatier
Financial Freedom offers a practical roadmap to living life on one’s own terms by challenging traditional narratives about money and retirement. It provides actionable steps for increasing income, saving effectively, and investing wisely to achieve financial independence early.
Ever wondered if working for yourself could be the game-changer your finances need? Grant Sabatier thinks so, and today, he’s diving into the realities of entrepreneurship—from smart strategies to potential pitfalls.
Where to start if you’re considering entrepreneurship – Not every side hustle is a winner, so how do you know if this path is right for you?
The power of systems and constraints – Why guardrails and structure matter more than unlimited freedom.
Pricing strategies and finding customers – Because even the best ideas need paying customers.
Entrepreneurial misconceptions – Spoiler: It’s not all Ferraris and private jets.
Can your wedding be a tax deduction? – We explore the entertaining but highly questionable ways some people try to make this work.
Meanwhile, Doug serves up trivia on the highest-grossing console game ever (bet you won’t guess it). And if you stick around long enough, let’s just say there may or may not be a discussion about a comedy movie that turns financial struggles into pure entertainment. But, you know… no promises.
If you’ve been toying with the idea of starting your own thing, this episode is packed with insights, real talk, and a few surprises along the way.