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The Intrinsic Value Podcast - The Investor’s Podcast Network

REI182: Escaping His 9 to 5 w/ Raleigh Williams

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 8 May 2023

⏱️ 73 minutes

🧾️ Download transcript

Summary

Patrick Donley sits down with Raleigh Williams to chat about how he left a lucrative job as an M&A lawyer to launch an entertainment group focused on investing in escape rooms. They also discuss what it was like leaving a six-figure salary, how his family reacted, and what some of the obstacles were as he bought and developed the escape rooms. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 02:10 - Why Stephen Pressfield’s book, The War of Art, is his most highly recommended book for entrepreneurs. 02:22 - How to determine the highest and best use of your time. 10:42 - How to use the “Star Principle” by Richard Koch to make investments. 26:23 - What it was like working as an M&A lawyer and how he left a lucrative career behind. 30:23 - How he got his start investing in Escape Rooms. 30:44 - Why you can expect to hit resistance when you start new ventures. 33:59 - How he used social media to build his brand. 33:59 - How he used social media to build his brand. 47:27 - What some of the hurdles were getting the Escape Rooms operational. 47:27 - How they found operators with the right qualities to help scale the business. 53:12 - Why it’s vital to have a spouse or partner on board when starting a new venture. 01:10:33 - What his parting wisdom is for people looking to take the next step away from their W2. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.   BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. The War of Art by Stephen Pressfield. Gates of Fire Stephen Pressfield. The Lean Startup by Eric Ries. Good to Great by Jim Collins. The Star Principle by Richard Koch. The Almanack of Naval Ravikant by Eric Jorgenson. Power of Now by Eckhart Tolle. The Untethered Soul by Michael Singer. The Alchemist by Paulo Coelho. Dealmaven.io. 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 Patrick (@jpatrickdonley): Twitter Connect with Williams: Website | Twitter | LinkedIn 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. This was my first real job where it was like the prospect was this is what I'm

0:07.2

going to be doing for the rest of my life. You know, there's no natural terminal point to this. And just that

0:13.2

idea made me, I had to get out. It gave me so much anxiety to think that I could do that for the

0:18.7

rest of my life.

0:27.1

Hey, everybody. In this week's episode, I got to sit down with Raleigh Williams to chat about how he left a lucrative job as an M&A lawyer to launch an entertainment group focused on

0:31.6

investing in escape rooms. We discussed what it was like leaving a six-figure salary, how his

0:36.8

family reacted, and what

0:38.1

some of the obstacles were as he bought and developed the escape rooms. Raleigh has a diverse

0:42.5

background in real estate, lending, debt, and private equity investment, and he and his team

0:47.4

have been intricately involved in all aspects of business, including equity and debt sourcing,

0:52.3

lending, consultation, principal project development,

0:55.3

and many other real estate-specific rules. This was a real fun episode for me because I love

1:00.3

hearing stories about people who've left conventional careers to go and follow their real

1:04.5

estate or entrepreneurial dreams. And Raleigh's done just that and overcome a lot of hurdles

1:09.2

and obstacles in the process.

1:15.7

If you need some inspiration to leave behind your W-2 job, make sure to check out this episode.

1:21.4

And so, without further delay, let's jump into this week's episode with Raleigh Williams.

1:29.7

You are listening to Real Estate 101 by the Investors Podcast Network,

1:34.2

where your hosts, Robert Leonard and Patrick Donnelly interview successful investors from various is Mr. Raleigh Williams. Raleigh, welcome to the show.

1:57.4

Thanks for having me, Patrick. Stuck to be here. Yeah, I'm really excited to have you. I was looking at your Twitter feed and something that immediately jumped out at me that intrigued me was your go-to entrepreneurial book that you recommend to most people. It's one of my favorites as well. But can you talk about that book and why it's something that you really recommend to a lot of people? Sure. The book is,

2:19.6

I think the book was The War of Art. Is that the one? That's the one. Good. The War of Art is a book

2:27.5

that I read probably two or three years after I started becoming an entrepreneur. Before that,

...

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