FM 023: Get Your Financial Goals Faster In Business With Brennan Dunn
The business entrepreneur path to financial freedom has many advantages over real estate and paper assets. * You can grow your wealth faster in business than any other asset class. * You can achieve personal freedom, the real goal of financial freedom, long before you're actually rich because your passive income is not connected to equity. It's driven by business systems instead. * You get personal benefits besides just financial wealth including purpose, community, contribution, and a creative outlet. Unfortunately, the business asset class is the least-discussed path to wealth, even though most people who make the Forbes 400 list are there because of it. The same is true for people profiled in The Millionaire Next Door. If you want financial independence earlier than old or you need to catch-up on retirement savings because you don't have enough, then this episode is for you. However, there are risks to growing a business as well. That's why it's important to choose the right business model congruent with your values. The right model will support your success, but the wrong model will leave you feeling stressed and resentful. To show you how fulfilling business entrepreneurship can be, along with the upsides and downsides, I invited Brennan Dunn, owner of Double Your Freelancing, to the podcast. Brennan has a long entrepreneurial success streak. He dropped out of college, freelanced as a web designer, started his own agency, then started a SaaS (software-as-a-service) business, and now has a very satisfying lifestyle business. While Brennan loves his business now, he had to learn many lessons the hard way. These lessons are typical of what most entrepreneurs go through, which is why it's better to learn vicariously through Brennan's experience rather than reinvent the wheel. So if you've been interested in starting your own business, or you want to accelerate your journey to financial freedom, then this podcast is for you. In this episode you'll discover: * How Brennan went from being a college dropout to having a six-figure business, to ultimately having two seven-figure businesses. * What drives Brennan's entrepreneurial streak. * The idea of community and why it's so important to a fulfilling life. * Why being an employee wasn't satisfying to Brennan, despite earning six-figures at the age of 21.