Episode 71

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Published on:

12th Sep 2022

Getting the Courage to Become a Business Owner | E71 Mason Burchette

I feel like I always gravitate towards stories about taking a chance. Ahmad Jabbir’s story about how he went above and beyond during his job interview comes to mind.

 

I really enjoy them and these stories provide a much needed reminder. As I get older, I feel like I’m making more conservative choices. If that is true or not, objectively I’m not sure I could say. I think it is important to try things that might include risk, assuming it has positive upside and you’ve considered how you can minimize the negative.

 

I invited my friend Mason Burchette back on the podcast. He first appeared on The Struggles is Real on episode 30 where we discussed some of his best advice from his book, How to Make Sure You Never Get Promoted: An Antithetical Guide to Succeeding in Your Career.

 

Aside from wanting an excuse to catch up, I invited Mason back on the show because he’s made a life changing decision. He left his role as a Director of Marketing and Development to start his own business.

 

Knowing Mason has a similar risk tolerance as me, I wanted to understand how he came to this decision. We also talk about legacy, business principles, and why Chick-fil-A isn’t a chicken company but actually a leadership development academy.

 

Show Notes:

[2:31] Going from employee to entrepreneur

[5:55] Building a legacy for future generations

[8:44] Evaluating risk on the value you can gain, not what you can lose

[12:43] Why Chick-fil-A isn’t a chicken company but actually a leadership development academy

[16:09] How to leave your job gracefully

[21:53] How to avoid living paycheck to paycheck by delaying gratification

[39:43] Balance business with family

 

Mentions:

26 Year Old Director Shares Advice on How to Quickly Rise Through the Ranks I E30 - Mason Burchette (Apple Podcasts or Spotify)

How to Make Sure You Never Get Promoted: An Antithetical Guide To Succeeding in Your Career by Mason Burchette

How to Always Live Paycheck to Paycheck: An Antithetical Guide to Fixing Your Finances

Financial Peace for the Next Generation by Dave Ramsey

The Richest Man In Babylon by George S. Clason

 

More of Mason:

The Crush It Team website

Mason Burchette's personal website

 

More of TSIR:

Find show notes and more at https://www.tsirpodcast.com/

Follow us on Instagram at https://www.instagram.com/tsirpod/

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FI Minded - Financial Independence Without the Extremes
Achieve Financial Independence & Have Fun Doing It
Pursuing financial freedom, a work-optional lifestyle, or early retirement often leads to the same questions: “one more year,” “do I have enough?” “what does life actually look like after this?”

FI Minded helps you think like someone who’s already financially independent so you can make smarter decisions about how you work, spend, and live.

From Coast FI and Slow FI to lifestyle design, career transitions, healthcare, and self-employment, each episode explores the real decisions behind building a flexible, work-optional life…without burnout, over-optimization, or missing out along the way.

We cover:
* Smarter ways to reach financial independence (without burnout)
* Designing a flexible, work-optional lifestyle
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* What life actually looks like after FI (and how to prepare for it)
* The tradeoffs behind big money decisions

Make progress toward financial independence while actually living your life.

Some of our past guests include Carl Jensen (1500 Days), Jeremy Schneider (Personal Finance Club), Nick Loper (Side Hustle Show), Andrew Giancola (The Personal Finance Podcast), Jordan Grumet (Earn & Invest), Rachael Camp (Work Optional), Jillian Johnsrud (Retire Often), Sean Mullaney (FI Tax Guy), Jill Sirianni (Frugal Friends), Jackie Cummings-Koski (Catching Up to FI), Joel Larsgaard (How to Money), Cody Garrett (Measure Twice), Jesse Cramer (Personal Finance for Long-Term Investors), Jess (The Fioneers), Chris Hutchins (All The Hacks), Diania Merriam (EconoMe), Andy Hill (Marriage Kids Money), Fritz Gilbert (Retirement Manifesto), and and others helping you rethink how to approach financial independence.
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