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Marriage Kids and Money: Personal Finance for Families

The Disadvantages of Entrepreneurship

Marriage Kids and Money: Personal Finance for Families

Andy Hill

Investing, Business, Kids & Family, Parenting

4.9604 Ratings

🗓️ 21 June 2021

⏱️ 30 minutes

🧾️ Download transcript

Summary

After taking the leap from my corporate career over a year ago, I sometimes look back and wonder… Did I make a mistake?  Did the glory of “going out on my own” and “doing my own thing” get me so excited that I didn’t think long-term enough?  Was this change a smart move? I share some of the disadvantages of entrepreneurship versus being an employee and I highlight some of the pros as well.  Also, I interview Leslie & Mike Hermanson about why they decided to pay off their mortgage in their 30's. RESOURCES **Sponsor + Partners + Deals: https://www.marriagekidsandmoney.com/sponsors Instagram: HTTP://www.instagram.com/andyhillmkm   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi, this is Ava from Vanta.

0:02.0

In today's digital world, compliance regulations are changing constantly,

0:07.0

and earning customer trust has never mattered more.

0:10.0

Vanta helps companies get compliant fast and stay secure,

0:13.0

with the most advanced AI automation and continuous monitoring out there.

0:17.0

So whether you're a startup going for your first stock two or ISO-27,001,

0:21.5

or a growing enterprise managing vendor risk, Banta makes it quick, easy, and scalable,

0:26.4

and I'm not to say that because I work here. Get started today at banta.com.

0:32.9

Unfortunately, this is the volatile part, a little thing called the, oh, a global pandemic came

0:39.5

rolling in in my first year of entrepreneurship.

0:42.2

And that contract was unfortunately canceled after about a half a year of working together.

0:47.4

This was a huge blow to our family's income, my little company's overall revenue, and honestly, my mental health.

1:02.9

This show is dedicated to helping you.

1:05.6

Strengthen your family tree and live financially free.

1:08.7

Welcome to the Marriage Kids and Money podcast, everybody.

1:10.8

This is Andy Hill, and today we are going to do two things.

1:15.9

First, I'll be discussing my transition to entrepreneurship and if it's been worth it or not.

1:22.4

And second, we're going to hear from Leslie and Mike Hermanson from Louisville, Kentucky about why they chose a mortgage-free life in their 30s.

1:33.9

All right, let's jump into today's show.

1:38.1

In January 2020, I decided to make the leap to a life as a digital entrepreneur. I had been working in

1:47.6

corporate event marketing for 15 years and decided it was time for something new. My zest for my

1:53.7

career had completely faded and I had found a new passion that I was very excited about.

...

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