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SaaS Interviews with CEOs, Startups, Founders

Case For Quitting Your $100k Corporate Job with Stig Brodersen of We Study Billionaires

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 24 January 2016

⏱️ 20 minutes

🧾️ Download transcript

Summary

Ep141 Stig Brodersen holds a master’s degree in Finance, has studied Business Analysis at Harvard University, and he’s the co-founder of the BuffettsBooks.com educational site. During graduate school Stig co-founded a consultancy firm, providing clients with legal and financial advice relating to personal finance. Upon graduation Stig sold his shares in the firm to become a commodities trader in one of Europe’s leading energy trading companies. Now, Stig works as a college professor teaching a variety of courses including financial accounting, investment and economics. Stig also owns the investment company Stig Brodersen Holding.

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3 Key Points:

  1. “If you can’t be the person that you really are [in a workplace], you should leave for the sake of everyone.”
  2. “Success is probably the simplest thing in the world. You just have to do the same thing as successful people and then stop doing the same thing that unsuccessful people are doing.”
  3. Being a commodities trader is a strenuous, long hour job that pays a lot of money.

Episode Notes: 

  • 01:00 – Nathan’s introduction to today’s show
  • 02:00 – Stig joins the show
  • 02:27 – “Always be good to other people.” – Easy to say, hard to practice
  • 03:56 – Million monkeys flipping coins, one should be lucky – a Warren Buffet metaphor
  • 04:40 – Stig quit his job as a commodities trader to teach and run a podcast
  • 05:23 – Being a commodities trader involves working very long hours
  • 06:08 – A trader gets a base salary and a bonus which is usually more appealing than the base salary
  • 06:49 – Stig made between 200K and 400K on his base salary as trader
  • 07:25 – As a trader, Stig dealt in energy like stocks. He started in 2011 and quit in 18 months
  • 08:43 – “If you can’t be the person that you really are, you should leave for the sake of everyone.”
  • 09:09 – Luckily, Stig didn’t struggle with paying rent or food in his off period
  • 09:47 – His living expenses per month was a few thousand dollars
  • 10:25 – Something that stuck with Stig: “Success is probably the simplest thing in the world. You just have to do the same thing as successful people and then stop doing the same thing that unsuccessful people are doing.”
  • 11:31 – Nathan and Stig discuss audio equipment
  • 12:46 – Stig makes money in Denmark teaching making 6-7K a month  
  • 13:51 – Stig discusses his podcast and having a co-host
  • 16:41 – Famous Five

Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.

Famous 5

  • Favorite Book?— The Snowball – by Warren Buffet
  • What CEO do you follow?— Warren Buffet
  • What is your favorite online tool?— Boomerang
  • Do you get 8 hours of sleep?— Often, but less on the weekends.
  • If you could let your 20 year old self know one thing, what would it be?— Don’t worry Stig, you won’t be single for the rest of your life.

Resources Mentioned:

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Transcript

Click on a timestamp to play from that location

0:00.0

This is the top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base.

0:09.0

You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have.

0:16.0

I'm now at $20,000 per talk.

0:18.0

Five and six million.

0:19.0

He is hell bent on global domination.

0:21.2

We just broke our 100,000 unit sole mark.

0:23.9

And I'm your host, Nathan Latka.

0:27.4

Okay, TopTry, this week's winner of the 100 bucks is Jose Abila.

0:31.8

He is a 17-year-old that doesn't want to go to college and he wants to start his own business.

0:36.6

For your chance to win 100 bucks just like Jose every Monday morning, simply subscribe to this podcast on iTunes right

0:43.2

now and then text the word Nathan to 3344 to prove that you did it. Coming up tomorrow morning,

0:49.6

Top Tribe, you're going to hear from Kimra Luna. She breaks down how to use a 10,000 person list to drive

0:55.6

880 grand in sales, all via a launch. Okay, Top Tribe, good morning. Today's one of those mornings.

1:03.0

I am just feeling good. I feel like there's nothing that can stump me. I've got my coffee

1:07.7

in my hand and I've got a good friend online. Many of you might know him

1:12.1

just as Stig, but we'll get into him. His personality's background in a second. His name is

1:15.9

Stig brought us in. And what he does is he has a master's degree in finance. He has a studied

1:20.7

business analysis at Harvard University and he's the host of the Investors Podcast. During graduate

1:26.9

school, Stig co-founded a consultancy firm,

1:29.7

providing clients with legal and financial advice relating to personal finance. When Stig

1:34.8

graduated, he sold his shares in the firm to become a commodities trader in one of Europe's

1:38.7

leading energy trading companies, and he's smiling as I say this. We're going to dig into that.

...

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