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ChooseFI | Financial Independence Podcast

Side Hustle Coaching Series Part 2 | Alan & Tallis R

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Investing, Business, Careers

4.8 β€’ 5.2K Ratings

πŸ—“οΈ 1 June 2018

⏱️ 61 minutes

🧾️ Download transcript

Summary

Most people offering free classes assume their work will stay uncompensated forever. Talas discovered that dance therapy for Parkinson's patients isn't just healing β€” it's a viable business. This episode of the side hustle coaching series follows Talas and coach Alan Donegan as she transitions her dance therapy workshops from concept to reality at local retirement facilities. Participant surveys reveal something unexpected: attendees value the social connections even more than the physical benefits. The conversation spans workshop logistics, participant feedback, pricing confidence, and a tangent into estate planning β€” specifically how to pass on values of hard work and resilience alongside financial resources. Key Topics Introduction to Side Hustle Coaching Series [00:00:52] Recap of the initial coaching session with Talas and Alan. Overview of Talas's journey in creating her dance therapy workshops for individuals with Parkinson's. Talas's Dance Therapy Project Overview [00:01:52] Discussion of the planning and structure of the workshops. The significance of dance in enhancing the quality of life for those with Parkinson's. Feedback on Workshops [00:20:11] Analysis of survey results from participants highlighting the social benefits of the classes more than physical elements. Insights into how community connection plays a vital role in attendee well-being. Estate Planning Discussion [00:10:39] Ideation around instilling values of hard work and resilience in children. The delicate balance between providing for children and teaching them the value of money and hard work. Conclusion and Encouragement [00:58:40] Emphasis on feedback loops and iterating business ideas for success. Encouragement for listeners to embrace community engagement and proactive business structures. Action Items Engage with your community to enhance your project's impact. [00:22:34] Consider participant feedback to refine your offerings for better experiences. [00:20:11] Communicate your pricing confidently to establish perceived value in your services. [00:50:10] Reach out to potential sponsors for future workshops. [00:27:44] Create a feedback form for class participants to gauge their experiences. [00:19:32] Investigate pricing models for dance therapy sessions to establish a sustainable business. [00:32:21] Quotes "All these individuals attend the class for free; they're accustomed to that." [00:29:20] "There's a constant demand for variety in activities." [00:26:01] "Community connection significantly enhances personal journeys." [00:23:07] "Our instilled values provide a foundation for their future success." [00:12:34] "Re-engagement is crucial as retirement facilities seek fresh activities." [00:47:00] Related Resources JL Collins' book, The Simple Path to Wealth [00:59:04] Dominick Quartuccio's book, Design Your Future [00:59:31] Vincent Puglisi's book, Freelance to Freedom [00:59:31]

Transcript

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0:00.0

Welcome to the Choose If I Radio Podcast.

0:03.0

We view the concept of financial independence as a life optimization strategy that helps

0:06.8

you crush the game using a mixture of conventional and unconventional methods.

0:11.3

My name is Jonathan Mendanza, a pharmacist pursuing financial independence and my co-host

0:15.1

name is Brad Barrett, a CPA-turned entrepreneur who reached financial independence through

0:19.6

diligent savings and online business ventures.

0:22.4

We host a twice a week show on Mondays and Fridays that focuses on living below your means,

0:27.1

many multiple income streams, straightforward investment strategies, tax optimization

0:30.7

hacks and travel rewards.

0:33.0

This is what winning looks like.

0:34.8

Welcome to the show.

0:36.8

You're listening to Choose If I Radio.

0:41.3

The blueprint for financial independence lives here.

0:45.3

Hey guys, today we're going to be presenting the next part in the side hustle coaching

0:56.0

series featuring Alan Donigan and Talas.

0:59.4

If you have been with us for any period of time, you know that we featured Alan Donigan

1:04.2

in episode 30 talking about the power of developing a side hustle or small business.

1:09.2

And Alan inspired us to actually see if we could help someone in our community help build

1:13.9

a business from scratch.

1:15.6

We sent it out to our community.

1:16.9

We had them sending their ideas, their feedback and ultimately we came down to like six or

1:22.7

seven finalists and we selected one person to get a year's worth of free coaching from

...

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