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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI003: College Dropout to Multi-Millionaire with Nathan Latka (Entrepreneurship Podcast)

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Business, Education, Investing

4.6592 Ratings

🗓️ 28 August 2019

⏱️ 39 minutes

🧾️ Download transcript

Summary

On today’s show, I talk with Nathan Latka. Nathan is the Principal of private equity firm Latka capital, Executive Producer and Host of “The Top Entrepreneurs” podcast, a bestselling author, and CEO of various SaaS businesses. He also founded and built his first software business, Heyo, from his college dorm room, which he was later able to exit from with a successful sale. IN THIS EPISODE YOU'LL LEARN: How to start a business when you have no related skills. How to launch your new venture with little to no capital. What you can do to launch a business while being in school or employed full-time. Why goal setting is keeping you broke. Where to start investing your first few thousand dollars. And much, much more! BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Download your free audiobook at Audible. Nathan Latka’s book How to Be a Capitalist Without Any Capital. Pat Flynn’s book Will It Fly? Chris Guillebeau’s book Born for This. Gary Keller and Jay Papasan’s book The ONE Thing. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Nathan: Twitter | Instagram| Podcast | Website Connect with Robert: Instagram | LinkedIn | Twitter | Facebook Email: Robert@TheInvestorsPodcast.com HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.6

Hey, everyone.

0:03.3

On today's show, I sit down with Nathan Lacka to talk about how to start a business without

0:07.7

any capital, why entrepreneurship isn't as risky as most people think, why you should

0:12.9

copy your competitors, and much, much more.

0:15.9

For those of you who don't know who Nathan is, he is a Wall Street Journal bestselling

0:19.9

author, a popular podcast host,

0:22.6

and was a self-made multimillionaire before the age of 25. I hope you guys enjoy this very

0:27.7

inspiring and actionable conversation with Nathan Latka.

0:32.7

You're listening to Millennial Investing by the Investors Podcast Network, where your host, Robert Leonard,

0:39.0

interview successful entrepreneurs, business leaders and investors to help educate and inspire

0:44.4

the millennial generation.

1:11.5

Welcome to the show. I'm your host, Robert Leonard, and I have Nathan Lacka here with me today. Welcome to the show, Nathan. Robert, you got me the right time. You know, I think from the home millennial perspective, once I turn 30, I'm like not as cool anymore. So you got me at the right age here. Yeah, just in time. Just in time.

1:17.2

Let's get started by going back a bit to your college days. You started down a traditional path like most people do these days, going to college. You were enrolled in an undergraduate

1:21.9

program, architecture, if I am correct, at a great university. Why didn't you finish the programming continue on the

1:29.1

traditional past of a corporate career? What gave you the motivation and desire to become an

1:33.4

entrepreneur? Well, there was never a moment for me or was like, oh, like, entrepreneur. I want to

1:39.2

like get that label. You know those people you email with in college that have like signatures

1:43.2

that are like 30 lines long with all the things that are president of. And you're like, oh my gosh, you probably don't do anything really well. I never like wanted to just like add to my signature. But what actually happened, I mean, I was 21, I'm 29 today. So I was 21 back in, I guess, call it, you know, 2008, 9, 10, 11 time frame. And I remember being a freshman, Robert,

2:02.8

looking around listening to my fifth year colleagues because they mixed you at Virginia Tech as part

2:06.4

of the program. And they weren't complaining that they couldn't get jobs. And I'm going,

2:10.4

there is no way I'm putting myself through five years of school at the number one ranked

...

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