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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About the Podcast

FI Minded - Financial Independence, Early Retirement & Lifestyle Design
Achieve Financial Independence & Have Fun Doing It
Pursuing financial independence, financial freedom, or early retirement often leads to the same questions: How do I become financially independent? How much should I save? What happens after I reach FI?

FI Minded helps you use money to create more freedom, without turning your entire life into a financial optimization project.

Host Justin Peters explores the decisions behind building a flexible, work-optional life, from reaching financial independence and navigating Coast FI and Slow FI to spending your money, changing careers, stepping away from work, and figuring out what comes after FI.

Each episode combines practical personal finance with conversations about early retirement, lifestyle design, work, spending, healthcare, self-employment, and life after financial independence. The goal isn't simply to reach FI as quickly as possible. It's to make progress toward financial freedom while actually enjoying your life along the way.

On FI Minded, you'll learn how to:
- Reach financial independence without burning out
- Build a flexible, work-optional lifestyle
- Navigate Coast FI, Slow FI, and other paths to FI
- Make smarter decisions about spending and saving
- Prepare financially and emotionally for early retirement
- Figure out what life can look like after financial independence
- Think through the tradeoffs behind major money and lifestyle 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), Maggie Tucker (Inside Out Money), Cody Berman (The Financial Independence Show), Joe Saul-Sehy (Stacking Benjamins), Doug Cunnington (Mile High FI), and and others helping you rethink how to approach financial independence.
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