#009: Downsizing For Growth

Description:

“You’ve got to be able to take a couple steps back in your lifestyle, so you can take giants leaps forward in your life.” – Jared Paul

When you are preparing to launch your own business, it is absolutely crucial to have your financial “house” in order.  Whether you want to save up money to give you a long runway, cut down your expenses, or both; you’ll need to make sure you have a clear plan.

In this episode, the guys discuss the steps they’ve taken in order to prepare for the launch of their businesses.  They dive into some recent changes they have made, tactical decisions that have helped, and a few potentially controversial ideas that you may have not thought about.

Resources and Links:

·      The Digital Nomad’s Guide To Working From Anywhere On Earth – Fast Company

·      Vagabonding by Rolf Potts

·      The 4-Hour Workweek by Tim Ferriss

·      Minimalist movement artciles

·      Minimalism by Joshua Fields Millburn & Ryan Nicodemus

·      Gary Vaynerchuk (Entrepreneur, Author, Speaker, and Internet Personality)

·      Mint.com

Show Notes:

·      JP and Ben catch up on some of the past week’s events. [0:38]

·      JP drops a bombshell on Ben and makes a big announcement about a life change. [2:05]

·      The opportunities you have when you launch your own business. [11:20]

·      Ben shares the Treps Hack of the week. [12:20]

·      The guys get into the topic of the day and discuss their concept of “downsizing for growth.”  [15:06]

·      Ben discusses the decisions he made that allowed him to be ready to launch his business.  [21:22]

·      JP lays out what are usually the three biggest expenses people have and how you need to focus on cutting those down.  [24:00]

·      JP lists some out-of-the-box decisions he made with his finances to give himself more runway with his launch.  [31:28]