Okay, I’m Financially Independent. Now What? -- with Jim Wang

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 20 June 2016

⏱️ 86 minutes

🔗️ Recording | iTunes | RSS

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Summary

#30: When Jim Wang was 29-and-a-half, life changed forever. Jim started an online company (a blog) in his mid-20's. His website grew to several hundred thousand readers and started earning five-figure monthly sums. It sounds too good to be true. I know. But it's Jim's life. He experienced the heady, surreal boom; that crazy era when a business grows beyond wildest expectation. He experienced the fear and worry that the good days might not last. And he experienced the reality of trading his website for a life-changing seven-figure sum. And then what? What happens when you're 29-and-a-half, and you suddenly discover that you're financially independent? What's next? Where do you go from there? What becomes important? And what lessons, what universal truths, can this reveal about our own lives? What can we learn from the aftermath of financial independence -- regardless of our current bank balance? Jim and I have a frank, forthright and insightful conversation on today's show. It's a long episode, but a good one. To receive updates via email or more information about the show, visit http://TheMoneyShow.co Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey, welcome to the Money Show. I'm your host, Paula Pan, and I have a big announcement
0:19.0	at the end of this episode. We're changing the name of the show and we'll be changing
0:23.2	the format starting next week. So if you want to find out what's next for this podcast,
0:28.6	please stick around until the end. We'll cover everything then. But for now, let's meet
0:33.0	today's guest.
0:36.0	Today we hear from Jim Wang. He created a business that he sold for $3 million by itself.
0:43.2	That's amazing. But I'm bringing him on to the show for reasons much more thought provoking
0:47.7	than that. After Jim tells his story of creating a business from scratch and becoming financially
0:54.9	independent in one major life-changing transaction that by the way happened when he was 29 and
1:01.8	a half. His interview from that point takes a much more introspective turn. Jim shares
1:09.0	how becoming financially independent, redefined and challenged the way that he values his
1:15.3	time, his work, fulfillment, and family. Oh, and Jim also turns the tables on me at the
1:23.4	end of the episode and starts grilling me about what I've learned and what I could take
1:27.6	away from this. We also learn a new word for Hippopotamus. So let's welcome him onto
1:33.0	the show. Here's Jim Wang from WalletHacks.com.
1:36.9	Hey Jim. Hey Paula, how you doing? I'm good. How are you?
1:43.4	Fantastic. Excited to be here. Background for the listeners, Jim, you and I have known
1:47.4	how long have we known each other? Do we count the second time you met you and I forgot
1:53.7	that I had met you? Oh yeah, that was so funny. We had met at FinCon. I think the second
1:59.8	FinCon. I was the first one I went to as a second FinCon, 2012, and then I had forgotten.
2:04.8	We had met, we met up in 2013 and we're chatting and I'm like, I feel really comfortable
2:12.2	talking with Paula as if I know her. That she was like, he knew me last year. But we met
	...

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