79: Ryan Lee, Internet Entrepreneur on Starting Your Own Business

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 31 March 2015

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Have you ever watched when kids play … and wished that you had the same bold, fearless attitude towards… pretty much everything? It seems that no matter what, they always seem to bounce back with more energy than before! Today’s guest is fearless. He’s a serial entrepreneur, a proud father of four and a lucky carrier of the “success gene” (unofficially) which, he says, has helped him and other generations in his family quickly get back up on their feet after “hitting a bump on the road”. His name is Ryan Lee. Ryan started his first website back in 1999 while still working full-time as a recreational therapist at a children’s rehab hospital. That site was supposed to promote his sideline personal training business. Instead, he grew it into a giant empire spanning multiple markets and generating 7-figures of income every month. But it didn’t happen overnight. In his own words: “it took… years of lots of trial and error to finally "crack the code" and have enough nerve (and consistent income) to leave the secure world of a steady paycheck.” Three takeaways from our interview: -- #1 question Ryan recommends that you ask yourself if you’re starting your own business -- The worst financial issue Ryan faced in his life (hint: pay attention to the boring tax stuff!) -- How Ryan was able to take his business to the next level and brought in $20k in 3 days Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money episode 79, Ryan Lee.
0:04.0	You're listening to So Money with award-winning money guru
0:08.0	Farnoi Shorabi.
0:09.0	Each day get a 30 minute dose of financial inspiration from the world's top business minds, authors, influencers, and from Farnuus yourself.
0:17.0	Looking for ways to save on gas or double your double coupons?
0:22.0	Sorry, you're in the wrong place.
0:24.0	Seeking profound ways to live a richer, happier life.
0:27.0	Welcome to So Money.
0:29.0	Hey everyone, welcome back to So Money. I'm your host
0:34.6	Farnush to Robbie. Thanks for joining me. So have you ever watched when kids play? I
0:40.3	have a nine-month-old and he's not yet really interacting with other kids but I am around a lot of kids more these days and I see how they they have this really bold fearless attitude towards pretty much everything and it seems that no
0:54.8	matter what they always seem to just bounce back with more energy than before they
0:59.2	fall down they get back up they you know bump something, they might cry a little bit, then
1:04.7	they're on to the next adventure. And there is a point to this story. Today's
1:10.1	guest is fearless like a kid.
1:12.6	He's a serial entrepreneur.
1:14.4	He's a proud father of four, so it's no wonder
1:17.0	because he's got a lot of real life kids around him,
1:20.5	giving him inspiration all the time. And he he is as he says a lucky carrier of the success
1:26.7	gene unofficially which he says has helped him and other generations in his family quickly
1:31.7	get back up on their feet after hitting a
1:33.8	bump on the road. Those are his words. And we're going to hear a lot more from Ryan shortly,
	...

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