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Capitalism.com with Ryan Daniel Moran

How to Make More Money in Less Time

Capitalism.com with Ryan Daniel Moran

Capitalism.com

Entrepreneur, Amazon, Lifestyledesign, Investing, Startup, Ryandanielmoran, Finance, Cashflow, Freedomfastlane, Lifestyle, Business, Passiveincome, Financialfreedom, Entrepreneurship

4.8793 Ratings

🗓️ 10 July 2017

⏱️ 23 minutes

🧾️ Download transcript

Summary

We all want to make more money. But what would it be like if you could learn how to make more money in less time? That’s something worth looking into, right? Ryan’s got a sort of a mini-rant for you on this episode about how he learned to make more money in less time - and it means being intentional about creating space in your life when you are “off” from your business pursuits. It sounds a bit counterintuitive but you should at least listen, he's got a point. It’s on this episode of Freedom Fast Lane.Take time to recharge your batteries so you actually CAN make more money.

Many people feel that they can’t afford to take time off, especially once they are full-thrust into their entrepreneurial endeavors. But Ryan has noticed that those who are successful at building something big are also careful to take time off, totally away from the business. In his way of thinking it’s about giving yourself the space to rest and clear your mind so that you can be a better asset for the business when you return. Ryan says that’s how to make more money in less time. Be sure you listen.

Is it important to find what you’re passionate about before you start a business?

On this episode, Ryan answers a question from a listener about the role passion plays in starting a business. She’s concerned that if she’s not passionate about the thing her business does, she might wind up burning out or hating her business in the end. Ryan has a bit of a contrarian view on this issue, but it’s one you could learn a lot from - simply because it dispels some of the ridiculous dogma that’s going around these days about following your passion. Find out why you should NOT wait to discover your passion, on this episode.

What should you do if you have $10K in the bank? Start a business? Invest? Something else?

$10,000 is a good chunk of change to have available. If you found yourself in that place, what would you do? What’s the BEST thing to do? Ryan says there are many options and they all depend on your situation. On this episode of Freedom Fast Lane, in response to a listener question, Ryan addresses many of the possible scenarios and gives his best advice for what to do with $10K in the bank.

Don’t waste your time trying to get somewhere else. Enjoy the journey.

The end of this episode highlights a confession of sorts from Ryan. He tells the story of how his early days as an entrepreneur were filled with a kind of angst about reaching a certain pinnacle of success he’d created in his mind. All his focus, energy, and effort were there - while life was passing him by. He’s learned a few things from the experience - one of the biggest lessons being that you need to enjoy the journey as much as you anticipate arriving at your goal. Find out how Ryan is enjoying life these days and how he got to that place, on this episode of Freedom Fast Lane.

Outline Of This Great Episode

  • [1:22] Why Ryan became an entrepreneur: to take more time off.
  • [3:00] Dialing it back and working less recharges the batteries and gets more done.
  • [5:45] Is it important to be passionate about something before starting a business?
  • [10:24] $10K in the bank - what should you do with it?
  • [14:06] Case Study: Force Sigmatic powdered drinks
  • [20:30] The time Ryan has wasted trying to get somewhere.

Resources Mentioned On This Episode

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Subscribe to Freedom Fast Lane

Subscribe to the Freedom Fast Lane Podcast with Ryan Daniel Moran

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to Freedom Fastlane, presented by Capitalism.com.

0:08.2

This is the show about building businesses and investing the profits so that you can live

0:13.4

life on your terms.

0:16.3

Today, we'll be listening to an audio version of our brand new Freedom Fast Lane TV series.

0:21.9

If you haven't seen a Freedom Fast Lane TV episode yet, you can find them on the Freedom Fast Lane YouTube account or by going on iTunes and searching under podcast Freedom Fast Lane TV.

0:33.6

But for now, enjoy this episode on Freedom Fast Lane podcast.

0:40.4

Hey, good looking people and the rest of you.

0:43.7

I'm Ryan Daniel Moran.

0:45.6

Today we'll talk about the importance of taking time off.

0:49.5

What to do when you're starting a business that you have no passion for?

0:53.2

What to do with the money in your bank account,

0:55.9

and look at a multi-million dollar powder drink company.

1:00.5

This one right here.

1:03.5

Play that funky music! I became an entrepreneur because I wanted to take a lot of time off.

1:26.2

I know a lot of entrepreneurs who got into this world

1:28.8

because they wanted to be free

1:30.3

and just enjoy their time and have passive income,

1:35.3

which I think we all know is a little bit of a mixed bag.

1:38.7

Passive income tends to be very active income.

1:41.1

I have one friend in particular.

1:43.5

Actually just moved here to Austin,

1:45.3

Texas. We'll be having him on the Freedom Fast Line podcast soon, but he is the one guy that I know

...

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