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ChooseFI | Financial Independence Podcast

128 | How Entrepreneurship Creates Financial Security

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Investing, Business, Careers

4.85.2K Ratings

🗓️ 20 May 2019

⏱️ 55 minutes

🧾️ Download transcript

Summary

Most people follow a script written by someone else—get good grades, climb the corporate ladder, defer dreams until retirement. What if the entire premise is backwards? Alan Donegan joins Brad and Jonathan to discuss how financial independence creates a "suit of armor"—a safety net that allows you to pursue creative and professional risks without the paralyzing fear of failure. The conversation explores breaking away from societal expectations, experimenting with different life paths, and consciously choosing fulfillment over convention. Alan shares personal experiences of questioning authority, trusting intuition, and developing the courage to reject traditional definitions of success. Key Topics: [00:03:08] The Challenge of Society's Expectations Societal scripts and traditional paths "Consciously choose your path." [00:10:00] Navigating Authority and Intuition Questioning authority and trusting your own intuition [00:15:57] Experiments and Intentional Living "For different results, make different choices." "Envision your ideal life!" [00:16:04] Trying New Opportunities "Try it to know it!" Experimenting to understand what you enjoy [00:19:12] Creating Your Suit of Armor: Financial Independence Understanding financial independence as a safety net for pursuing dreams The "suit of armor" metaphor for financial security that enables risk-taking [00:23:03] Finding Purpose and Happiness in Work Identifying fulfilling work and challenges of following your passion [00:36:28] Courage to Challenge the Norm "Start where you are; progress will follow." Developing courage to reject conventional expectations Related Resources: Pop-Up Business School [00:51:10] Related Episodes: Episode 030: The Side Hustle [00:49:32] Episode 049: Escape Artist [00:49:32] Episode 056: Business Building Coaching Series [00:49:32] ▶ Listen Next: Ep. 130 — The Ultimate Buy and Hold Portfolio Strategy | Essential Listening

Transcript

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0:00.0

The world has changed a lot over the last several years.

0:02.0

And there's many industries that have been adversely

0:04.0

and negatively affected by that.

0:06.0

And the career outlook in those industries

0:08.4

has been tarnished or damaged maybe for years to come,

0:11.6

which has put a lot of people in a pinch

0:13.4

and looking for the possibility of a pivot.

0:16.4

We've put an increasing amount of focus

0:18.2

on unlocking the power of certificate programs,

0:20.9

which enable us to quickly pivot into a new career

0:24.5

in a very cost-effective manner,

0:26.2

unlocking fantastic income potential

0:28.6

and remote work flexibility.

0:30.7

For those of you that are maybe for the first time

0:32.5

considering making a similar transition,

0:34.8

let me encourage you to check out Salesforce

0:36.7

as a potential option.

0:38.6

It's hard to overstate how amazing the growth potential

0:42.4

in this particular industry is

0:44.2

and how amazing the starting salary is,

0:47.4

even for people that are literally working their first job

0:50.7

in this role with no prior experience.

...

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