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The Side Hustle Show

287: Choose Financial Independence: A Case Study in Audience Building

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.71.6K Ratings

🗓️ 14 June 2018

⏱️ 45 minutes

🧾️ Download transcript

Summary

10 months! Just 10 months after starting his side hustle, Jonathan Mendonsa was ready to quit his 6-figure job and take the business full-time. What's the hustle? A podcast called Jonathan co-hosts with this partner Brad Barrett ChooseFI. “You need to either be first or be different. We couldn’t be first, so we wanted to pivot and be a little different,” Jonathan said. When the project started, he was working full-time as a pharmacist, living a frugal lifestyle, and was an avid consumer of financial independence content. From the offset, he knew that, “If we can create a show that’s information, accurate, good, entertaining, and also inspirational, that’ll be addictive.” In this episode Jonathan shares some of the unique tactics and tips he and Brad used to grow their audience, community, and business so fast. Tune in to hear how ChooseFI earned 2 million downloads in its first year, and how they monetize the show to support two families. Full Show Notes and PDF Highlight Reel: Choose Financial Independence: A Case Study in Audience Building

Transcript

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0:00.0

Side Hustle Show 287 choose Financial Independence. This is a case study in audience building.

0:07.0

What's up, what's up Nick?

0:10.0

Loper here, welcome to the Side Hustle show because financial independence doesn't happen by accident.

0:16.8

10 months, just 10 months into his side hustle. Jonathan Mendonza quit his six-figure pharmacy job to take his business full-time.

0:24.8

That side hustle was the Choose F.I. Podcast, short for financial independence.

0:30.3

F. I, as you'll hear Jonathan define it in this episode is the point at which work becomes optional and it's an idea that seems to be picking up a lot of steam

0:39.0

Although I think it's a little bit like eternal salvation. It's not a tough sell. The FI movement, if you could call it

0:46.0

a movement, centers on frugal or intentional purchase decisions, eliminating debt, earning

0:51.4

more money, and then investing that money wisely.

0:54.5

These aren't necessarily new concepts, but now they're branded as FI, and more and more people are

1:00.2

realizing they could shave years or even decades off their careers.

1:04.5

So Jonathan was a consumer of FI content and wanted to contribute to the conversation in a more

1:10.8

meaningful way.

1:11.8

Now he wasn't preaching as a been there, done that guru,

1:15.0

but more as somebody who was joining listeners

1:18.0

on the same journey.

1:19.0

And one important note is that Jonathan didn't start this podcast all by himself. He struck up a

1:24.5

partnership with a co-host Brad Barrett who had a little bit of name recognition

1:28.8

in the personal finance space, a little bit of a network with some bloggers in the

1:32.3

community, and it was a little bit of a network with some bloggers in the community and was a little farther

1:34.0

ahead down the path of financial independence. But stick around to hear how they built their

1:38.7

audience and community so quickly and how choose F.I makes money without sponsors.

...

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