455 | Creating Your Entrepreneurial Flywheel | Nathan Barry

ChooseFI

Brad Barrett | Choose FI Media

Financialindependence, Investing, Firemovement, Passiveincome, Frugalliving, Personalfinancepodcast, Daveramsey, Careers, Business, Earlyretirement, Habits

4.8 • 5K Ratings

🗓️ 18 September 2023

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode: it's not easy it's simple, the flywheel, being consistent, skilling up, the gift of time, and what money can provide.

This week we are joined by founder and creator of ConvertKit, Nathan Barry to discuss his entrepreneurial journey and how the fundamentals of FI helped drive him to create and build a successful business. We often discuss the importance of skill stacking when on the journey to FI, but we sometimes forget to touch on the trial and error that comes with learning and creating something new for yourself. While you can’t expect to start something new and be faced with little to no challenges, this leaves more opportunities for personal growth and important lessons! So whether it’s learning a new side hustle or starting a business, it’s important to remember that you may not always know how to do something perfect when you begin. You should not count yourself out or give up when you don’t see instant results, but rather reach out to new communities and take the lessons in stride! Though it takes time and effort, it’s worth it!

Nathan Barry:

Website/Newsletter: nathanbarry.com
Twitter: @nathanbarry
Business: convertkit.com

Timestamps:

1:23 - Introduction
3:24 - Nathan and FI
15:56 - Not Burning the Boats
22:26 - It's Not Easy, But it's Simple/Unique Messengers
33:00 - Being Consistent, Showing Up, and Skilling Up
44:22 - The Flywheel
58:01 - What Money Can Provide/The Gift of Time
70:16 - Conclusion

Resources Mentioned In Today’s Episode:

More Helpful Links and FI Resources:

Earn $1,050 or More With These 3 Cash Back Cards
Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence
Find a new side hustle with one of our Educational Courses
Commission-Free Investing with M1 Finance

Transcript

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0:00.0	Hello and welcome to Choosify. Today on the show we have Nathan Barry, who's the founder and CEO of
0:05.1	ConvertKit, which he founded in 2013. And it's an industry leading email service provider.
0:10.3	And now for people who aren't creators, an email service provider is something that we hear
0:15.5	Choosify use. And in fact, we just moved over to ConvertKit, which is kind of cool. And we use
0:20.8	that to send out our newsletter. So I literally sit down every Monday because I'm a procrastinator
0:26.4	and write my newsletter that goes out Tuesday morning. And now I log into ConvertKit and load it
0:31.2	up. And it's just a phenomenal, phenomenal piece of software. And what's really cool is Nathan
0:37.6	has built this using five fundamentals. He's a member of the five community, has been for many,
0:43.0	many years. And he's built something extraordinary. ConvertKit is really, truly, a leader in this
0:48.2	industry. And it's remarkable to see how it's grown because I actually was an early customer
0:52.5	from my other website, TravelMiles101 since 2016. So to see this journey and see it as a friend
0:58.5	because I've met Nathan a couple times hung out. And he's just a really good guy. And I'm so
1:04.4	fascinated to bring this conversation to you to talk about this intersection of really five
1:10.4	and high level entrepreneurship. I think you're really going to enjoy it. And with that,
1:14.6	welcome to choose a crime. Nathan, it is so good to see you, my friend. Welcome to choose a five.
1:27.2	Yeah, thanks for having me on. It's been a while since we've hung out in person. So we
1:30.8	didn't make that happen soon again. Yeah, for real. It has been way, way too long. And yeah,
1:35.7	I'm excited that choose a five is back on ConvertKit. So thank you to your team and what you guys
1:40.0	are building is remarkable. It's amazing to see. I think you've actually purchased a couple of
1:44.1	companies recently and you're building something that really helps creators like me. And I think for
1:50.4	a long time, I just had said, oh, I'll send out this newsletter every now and again. It's no
1:54.8	we deal, but it's really now something that's I consider the newsletter and the podcast, the two
	...

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