Word of the Year: Resolve

The FI Planner

Being an entrepreneur means taking a ride on a never-ending rollercoaster full of intoxicating highs and sobering lows with twists and turns around every corner.

In this episode, Ben and Andrew share lessons they’ve learned from their own setbacks and why entrepreneurs must be overly confident and ready to take on whatever challenge comes next.

In this episode, you’ll also hear:

• Lessons from Andrew’s failed restaurant in Korea
• Knowing when and how to pivot as an entrepreneur
• Understanding the risk and loss that comes with entrepreneurship

Must-listen moments:

[00:13:42] And that's what you say, right? You think all this money's gonna come so easy? Just because the first buck comes in, you think a wheelbarrow is gonna be behind it.

[00:20:23] Maybe you start off with one idea or entrepreneurial pursuit, you learn a few things from it, but you realize, this just isn't really the gig I want to be in. But that doesn't mean we close the door to all entrepreneurial pursuits, we just look to maybe what's the next thing?

[00:33:57] Maybe you need to really have an honest conversation with yourself in the mirror and say, maybe I'm still into entrepreneurship, but maybe I do need to really have some very strong guardrails in place that guide me, and I need to really analyze the risk on this deal and take a look at what needs to happen for this to be a situation that I'm comfortable with entering into.

Thinking, Fast and Slow by Daniel Kahneman - https://www.amazon.com/Thinking-Fast-Slow-Daniel-Kahneman/dp/0374533555

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Student Loan Tax Experts:

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