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The Side Build: Creating Abundance While Working Full-Time · EARNED & UNBOUND™

0:00
SPEAKER_05: Set up your eight to ten month year emergency savings.
0:03
SPEAKER_05: Get your life insurance.
0:05
SPEAKER_05: Get your disability.
0:06
SPEAKER_05: Set up your livelihood so when you do start your business, you're able to really go in there headstrong and you're not worrying about the money that you're paying for your rent going to your business.
0:16
SPEAKER_05: So I would say like I know you want to start the thing right now, I know you want to really get it going, but please stay disciplined because as soon as you start it, if you're not structured and put together the right way, it will crumble quicker than it than it flourishes.
0:34
SPEAKER_01: Welcome to Earn and Unbound, a Black Abundance Circle podcast for people who have learned how to earn and are ready to become unbounded from success that only looks good on paper.
0:45
SPEAKER_01: I'm your host, Ashley Edwards.
0:47
SPEAKER_01: Here we talk about turning income into ownership, options, and abundance and building a life that actually feels as good as it looks.
0:59
SPEAKER_02: Hello everyone, welcome to another episode of Earned and Unbound.
1:04
SPEAKER_02: This is a podcast for high-earning professionals who are ready to build beyond their career and start to build their life of abundance.
1:13
SPEAKER_02: So today we are at FinCon and Palm Springs.
1:16
SPEAKER_02: We have Deshaun Edwards here.
1:20
SPEAKER_02: Sam Carter, and we have Dustin Trail, aka Trail.
1:25
SPEAKER_02: Okay, thank you all for being here.
1:28
SPEAKER_02: Today we're talking about how we are building lives that are bigger than our careers, right?
1:33
SPEAKER_02: So we are all full-time employees and we are building something on the side, and we're talking about honoring the season that we're in, but still building on the side and what that looks like.
1:43
SPEAKER_02: Okay.
1:44
SPEAKER_02: So it's a little different than our normal conversations because it's usually just me.
1:50
SPEAKER_02: We have a lot of people, and my plan is for this to sort of be an intro and then to eventually interview each of you individually.
1:58
SPEAKER_02: Um, so this will be a preview of sorts, but let's start with who you are, what your life looks like right now in terms of like full-time job, the business you're building, or um podcast, or whatever you have going on, and what the life of abundance looks like for you.
2:15
SPEAKER_02: So I'll start with Sam, since you are actually let me start with Trail.
2:19
SPEAKER_02: Oh I'll go this way.
2:21
SPEAKER_05: Give me some time to think about it.
2:23
SPEAKER_02: Yeah, that sounds great.
2:24
SPEAKER_05: Well, first and foremost, I want to say thank you for letting us be on your platform.
2:28
SPEAKER_05: Um exclusive.
2:30
SPEAKER_05: Um, but yeah, my name is Trail.
2:31
SPEAKER_05: I am currently as a 95, I'm a case manager.
2:34
SPEAKER_05: I help formerly incarcerated individuals get employment and housing opportunities.
2:40
SPEAKER_05: Um, aside from that, I am the founder and owner of the Founders Union, which is an ecosystem for entrepreneurs learning to go together.
2:48
SPEAKER_05: So we do masterminds, we do retreats, we do strategy sessions, we have coaching programs.
2:54
SPEAKER_05: Pretty much we're just growing as a unit, growing scalable businesses, but we start with the life model first and then business.
3:00
SPEAKER_05: You feel like you can't have a successful business if you don't have the right mindset first.
3:04
SPEAKER_05: Um and then what was the last one?
3:06
SPEAKER_02: What does a life of abundance look like for you?
3:09
SPEAKER_05: For me, a life of abundance is time freedom, right?
3:12
SPEAKER_05: Being able to do what I want when I want.
3:15
SPEAKER_05: If I want to go wake up and go to Turks and Caicos just because I want to be able to do that.
3:20
SPEAKER_05: Um if I just want to just be at the house just chilling, I want to be able to do that.
3:23
SPEAKER_05: Um, I don't want to feel like I have to clock in anywhere or be on anyone's time.
3:27
SPEAKER_05: Um obviously running a community group, I'm on everyone's time, right?
3:31
SPEAKER_05: But at the end of the day, I want to have the leisure and freedom to do what I want when I want, and also more importantly, go anywhere I want and not have to worry about what's in my bank account.
3:40
SPEAKER_02: Okay, yeah.
3:41
SPEAKER_02: I love that.
3:41
SPEAKER_02: All right, thank you.
3:42
SPEAKER_02: So, Sam, same questions.
3:45
SPEAKER_02: So, your full-time work, what you're building on the side, and what a life of abundance looks like for you.
3:51
SPEAKER_00: Yeah, so again, my name is Samani Carter or Sam, and I am the founder of MicroMonies, and MicroMonies basically teaches people how to increase their monthly cash flow through building and growing a micro business.
4:04
SPEAKER_00: And one of the ways I do that is by showing you how to start in the vending machine slash automated retail space.
4:10
SPEAKER_00: And MicroMonies sells vending machines, we finance vending machines, and we teach you again how to be get started.
4:17
SPEAKER_00: Um, so that's what I'm building, that's what I'm growing, that's what I've had for the past five years.
4:21
SPEAKER_00: That's the next one.
4:22
SPEAKER_02: What do you do full-time for work?
4:24
SPEAKER_00: What do I do full-time for work in addition to micro monies?
4:27
SPEAKER_00: So I'm an airport manager.
4:29
SPEAKER_00: Um, my official title is an assistant airport manager in California.
4:33
SPEAKER_00: And um, you could think about all the things as a very demanding job, but you can think about all the things that that entails.
4:38
SPEAKER_00: Uh what's the next question?
4:40
SPEAKER_02: And what does a life of abundance look like for you?
4:43
SPEAKER_00: Life and abundance.
4:44
SPEAKER_00: So, as an airport manager and a business owner, I feel like right now my time and my schedule is always full and heavy and uh very demanding on my like mental and time capacity.
4:59
SPEAKER_00: So, abundance to me in the next level is at some point reaching a point where I'm satisfied with where I am financially and also time.
5:09
SPEAKER_00: So I have more time freedom where my nervous system doesn't have to worry about what's happening in the next hour or two hours or the next day or the next week.
5:17
SPEAKER_00: Uh really, it just comes comes down to that, it's just time freedom.
5:20
SPEAKER_00: Um, I just want to be able to like relax and not think about anything to some point, and then have a busy day or two, like out of the week or month, um, and then go back to doing nothing.
5:33
SPEAKER_00: So that's what it looks like for me.
5:35
SPEAKER_02: Okay, awesome.
5:36
SPEAKER_02: Thank you for sharing.
5:37
SPEAKER_02: All right, now, Deshaun, how about you?
5:40
SPEAKER_02: So, where you work full-time, what you're building, and what does a life of abundance look like for you?
5:47
SPEAKER_04: Okay, I can answer that.
5:48
SPEAKER_04: What's up, everybody?
5:49
SPEAKER_04: My name is Deshaun Edwards.
5:51
SPEAKER_04: I am currently working at an aerospace company.
5:54
SPEAKER_04: I work as a senior cybersecurity manager, or the proper term is a senior information systems security manager or a senior ism.
6:03
SPEAKER_04: Um, my job entails me ensuring that certain assets, um, certain individuals, basically protecting data and people's information.
6:12
SPEAKER_04: I've been doing cybersecurity for the past nine years, and what I am building outside of my nine-to-five is taking my expertise, my experience, um, and my love and passion for cybersecurity and combining that with my joy and what I call my purpose in education.
6:34
SPEAKER_04: I write cybersecurity children's books.
6:37
SPEAKER_04: I want the next generation to be safe and confident online.
6:42
SPEAKER_04: We're kind of diving to this world, we're already here in this world where technology is at the fingertips of everyone.
6:48
SPEAKER_04: You can be five years old and have a tablet in your hand on how to use it better than your parent.
6:53
SPEAKER_04: And I want to make sure that the children that are growing up into this world that is filled with technology and artificial intelligence, that they lead with confidence.
7:01
SPEAKER_04: So, Genfinity Cyber Academy, that that is its mission.
7:06
SPEAKER_04: Making sure that we build confident and positive children as they traverse the digital world.
7:14
SPEAKER_04: So that is uh something that I truly feel passionate about for abundance for me.
7:22
SPEAKER_04: Like the other two individuals, I think it all boils down to freedom.
7:26
SPEAKER_04: The ability to do what you want to do, how you want to do it, spend time with who you want to spend time with, um, be able to help who you want to help, be able to teach who you want to teach and not have bounds, right?
7:39
SPEAKER_04: Being able to travel the world, being able to teach a class, being able to take a day off if you want to, and not worry about whether or not this is going to affect the bottom line.
7:54
SPEAKER_04: So that can happen by grinding really hard in a nine-to-five and stacking a lot of money and you know, putting money away for it for retirement, but I think a lot of us have this idea of wanting to become the entrepreneurs and the masters of our own fate, right?
8:12
SPEAKER_04: Being able to not rely on a paycheck from someone else, but create that paycheck for ourselves.
8:18
SPEAKER_04: So yeah.
8:19
SPEAKER_02: Okay.
8:20
SPEAKER_05: That's good.
8:21
SPEAKER_02: Yeah, that gave me uh an idea for another question, which was because I'm hearing a lot of time freedom, a lot of you want the option to be able to do something or not do something.
8:33
SPEAKER_02: And I'm wondering where did that come from, right?
8:35
SPEAKER_02: Like what was that moment when you realized that your job wasn't enough and that you wanted something more?
8:42
SPEAKER_02: And I'll give you time to think about it and I'll share it my moment.
8:45
SPEAKER_02: So that happened for me during the pandemic, actually.
8:48
SPEAKER_02: Um, I wasn't thinking about building on the side, I wasn't thinking about investing or anything until I saw people left and right not only dying, but losing their jobs, just struggling, not being able to buy food, just getting kicked out, not being able to pay rent.
9:05
SPEAKER_02: I said, oh no.
9:06
SPEAKER_03: Listen.
9:07
SPEAKER_02: And then when my employer was like, look, we're not gonna fire anyone, we're just gonna reduce everybody's pay.
9:13
SPEAKER_03: I say, oh my gosh.
9:15
SPEAKER_02: But that it's like, what do you do though?
9:17
SPEAKER_02: Like, are you happy that you still have a job?
9:19
SPEAKER_02: Are you grateful that you still have a job, or are you upset that they reduced your pay?
9:23
SPEAKER_02: Because they didn't reduce it so much that I couldn't survive.
9:25
SPEAKER_02: But it was just like, wait, they are the master of my fate.
9:29
SPEAKER_02: They are in control here, and I only have one stream of income.
9:34
SPEAKER_02: And that is the moment that it clicked for me, and I was like, whoa, like I can be easily just like anybody else, any of these other people that I'm looking at, just with one dis one person can decide.
9:44
SPEAKER_02: Like, you know what?
9:46
SPEAKER_02: She is getting laid off.
9:47
SPEAKER_03: Absolutely.
9:48
SPEAKER_02: And that's it.
9:49
SPEAKER_02: Like now I'm at the mercy of all the systems, all the other things, just like that.
9:54
SPEAKER_02: And so that was my moment that I realized like something needed to change.
9:58
SPEAKER_02: And so I'm wondering for y'all, yes, whoever's ready first.
10:01
SPEAKER_02: What was that?
10:02
SPEAKER_04: Yeah, I'm ready for it.
10:03
SPEAKER_04: Oh, yeah, I'm ready too.
10:04
SPEAKER_02: Y'all would choose who.
10:05
SPEAKER_02: All right, let's go in order then.
10:06
SPEAKER_02: We started with trail, right?
10:07
SPEAKER_02: Yeah, okay, let's go.
10:09
SPEAKER_05: Honestly, my moment has been since I was a child.
10:11
SPEAKER_05: Oh, it's I've never really thought about working in 95 or being in corporate or going up a ladder.
10:18
SPEAKER_05: My family's from Jamaica.
10:19
SPEAKER_05: Um, growing up, I used to go to Jamaica every year, and I would work with my great-grandfather, my great-grandmother, my uncles, my aunts, and we would literally work for our labor and work for what we deserved and wanted in life, right?
10:32
SPEAKER_05: So I learned about entrepreneurship young and I would take them same principles, and when I came back to the States, I would apply them.
10:39
SPEAKER_05: So I would buy shirts and I would sell shirts on the street, and you know, I would sell candies at school.
10:44
SPEAKER_05: I was that kid, like, you know, always trying to make a dollar turn to five dollars and then five to ten.
10:49
SPEAKER_05: And just me and my friends from a youth, we just always put our money in together and we always bet on ourselves.
10:55
SPEAKER_05: It wasn't until I got older and I realized that um we needed to have income to get to in order to move it to apartments or get credit or get a car.
11:04
SPEAKER_05: And I'm like, oh well, this can't come from just the streets or from the pockets, it has to come from an actual W-2 paycheck.
11:11
SPEAKER_05: Um, and so it never left my mind.
11:13
SPEAKER_05: Um and still to this day, I'm still always working on getting back to my time feeding with my time.
11:19
SPEAKER_05: So I would say from I was a youth, it's always been that for me.
11:22
SPEAKER_02: Okay, wow.
11:24
SPEAKER_02: All right, what about you, Sam?
11:25
SPEAKER_00: Yeah, so I can I can relate a little bit to that as well.
11:28
SPEAKER_00: I think as a kid, like especially um like middle school and high school, I was always good at like fundraisers, I was in charge of my school's snack bar.
11:40
SPEAKER_00: Um, you know, I was good, I was good at selling things, right?
11:45
SPEAKER_00: Um and I was always known as the snacker, and I was always selling things.
11:48
SPEAKER_00: I actually got in trouble a few times for selling things, and then they put me in charge of the snack bar and was like, use this energy here, and that's how they, you know.
11:55
SPEAKER_00: Um, and then eventually towards the end of high school, you know, I was interested and expressed that interest to, you know, people close to me in my life, um, you know, family, friends, and everything, and said, hey, you know, I think I want to do full-time entrepreneur and investor, like, what does that look like on top of like working part-time or something?
12:12
SPEAKER_00: And I was kind of told that, you know, being an entrepreneur or investor wasn't really a viable option, wasn't really like taught like really a good understanding of money.
12:21
SPEAKER_00: I had to figure that out myself.
12:22
SPEAKER_00: And when I didn't find the information, I kind of just like um like hid it away a little bit, you know, put it to the side and just focused on full-time career.
12:32
SPEAKER_00: And for a while through college, I just worked like two, three jobs trying to make as much money as possible, and it was a slow progression.
12:40
SPEAKER_00: And I started getting other ideas from other like people I met, talked to about business, but I was still scared to jump into it.
12:48
SPEAKER_00: The the day that finally did it to me was I realized I had worked for three and a half years and worked my way up to being in a management role at an airport and everything, and I took a day off because I was just tired, and so I could have a three-day weekend, right?
13:05
SPEAKER_00: And that was my first time in three and a half years, like I never got sick, three and a half years taking time off, right?
13:11
SPEAKER_00: Outside of holidays and all that.
13:13
SPEAKER_00: And I just felt like almost emotional laying down, and I remember really vividly listening to like the tree leaves blow in the wind, and I was just like, this is so nice doing nothing and just being here and breathing, and I'll never forget that feeling.
13:31
SPEAKER_00: And that was that moment when I was like, I want to like set up my life to where I can do nothing.
13:37
SPEAKER_04: You know what I mean?
13:38
SPEAKER_02: Wow, okay, that's powerful.
13:40
SPEAKER_04: Um, so for me, it did not start when I was younger.
13:45
SPEAKER_04: I definitely grew up in the go to school, get a job, kind of household, right?
13:51
SPEAKER_04: Like college was always the goal.
13:54
SPEAKER_04: Getting a job as an engineer was always the goal.
13:57
SPEAKER_04: I think for me, entrepreneurship started with me investing in the stock market and realizing that there are more ways to make money besides a paycheck.
14:07
SPEAKER_04: So it started there.
14:08
SPEAKER_04: My first, my second stream of income was not just me getting money every two weeks.
14:14
SPEAKER_04: After that, being surrounded by people who are also entrepreneurs.
14:20
SPEAKER_04: Because even growing up, my family, we all worked.
14:22
SPEAKER_04: Everybody just worked the nine-to-five.
14:24
SPEAKER_04: Nobody really had a business that they were running.
14:27
SPEAKER_04: Um, none of us really got into real estate like that, none of us were in the stock market like that.
14:32
SPEAKER_04: So a lot of it was just me observing the individuals.
14:36
SPEAKER_04: And I'll say me moving to Los Angeles played a big role in that.
14:39
SPEAKER_04: Because people in LA are go-getters, yeah.
14:41
SPEAKER_04: Right?
14:41
SPEAKER_04: It's a whole different breed of people.
14:44
SPEAKER_04: And being around those people and seeing, oh yeah, I got this organization that I just started, or I got this business that I just started, or I sell this and that.
14:51
SPEAKER_04: It might be being an adult, I don't know.
14:54
SPEAKER_04: But that made me think, I can start something too.
14:58
SPEAKER_04: I got skills, I got things that I like to do.
15:00
SPEAKER_04: Um, and my first business was uh a drone business, right?
15:06
SPEAKER_04: And uh, you know, everybody kind of goes through the motions of what works, what doesn't work.
15:12
SPEAKER_04: Um, but eventually you have to go through the trial and error and figure out what does work, what ends up eventually being a hobby, and then what can actually make money, right?
15:22
SPEAKER_04: So for me, just the idea of realizing you can make money in so many different ways.
15:29
SPEAKER_04: People pay for anything.
15:31
SPEAKER_04: You gotta find the right person, you gotta find the right customer.
15:34
SPEAKER_04: Um, but yeah, it it started late for me because I was totally content with just working.
15:40
unknown: I don't think it's late.
15:41
SPEAKER_04: I mean Well, later, right later, right?
15:44
SPEAKER_04: Like I was never selling candy as a kid.
15:46
SPEAKER_04: I was the one buying candy, you know what I mean?
15:49
SPEAKER_02: But I think I think it's different.
15:51
SPEAKER_02: Like when you're even when you're a kid and you're doing those things, because I was that kind of kid, right?
15:55
SPEAKER_02: I was selling things as a kid, and so there's a level of like having entrepreneurial traits, right?
16:00
SPEAKER_02: But the idea that, hey, I need multiple streams of income, or this job is not enough, is a separate thought.
16:07
SPEAKER_02: Yeah.
16:07
SPEAKER_02: Putting it together.
16:08
SPEAKER_04: You know what it really hit too?
16:11
SPEAKER_04: So I realized that after all these years of my folks working, there's still this we don't got enough money.
16:20
SPEAKER_04: We don't got enough money.
16:21
SPEAKER_04: Yeah.
16:21
SPEAKER_04: And I'm like, I've been here for 30 plus years, and I know for as long as I've been here, you've been working, and you still have times when you don't have enough money.
16:32
SPEAKER_04: What what is it that we're doing wrong?
16:34
SPEAKER_04: You know, and it ain't just one person in my family, it's like multiple people in my family who are still like, yeah, I don't know if I can make it that uh that's gonna cost too much.
16:43
SPEAKER_04: What if what have we been doing for the last three decades to where we still have to say I can't really afford that, you know?
16:52
SPEAKER_04: So, yeah, that was a big part of it too.
16:55
SPEAKER_05: That was a big part of it, just like, all right, so can I say that real quick before it's I was just fortunate enough to see both ends of the spectrum in my childhood.
17:04
SPEAKER_05: Like I saw my family that was working 95 and couldn't make a dollar to uh, you know, and then I saw my family who were entrepreneurs and like they were they were it was hard for them too, but they were living the life that they wanted.
17:15
SPEAKER_05: Exactly.
17:15
SPEAKER_05: Like they were able to drop their kids off to school and pick them up and be home at night to cook dinner for them, and you know, versus my family that was working and they couldn't do that.
17:26
SPEAKER_05: My mom is a prime example, like she worked 10, 12 hours a day.
17:30
SPEAKER_05: And I was like, well, when I looked at it, I'm like, it both options are hard, both are difficult.
17:35
SPEAKER_05: Pick the one that works for you.
17:38
SPEAKER_05: And I was like, entrepreneurship is gonna be the one for me for sure.
17:40
SPEAKER_02: See, I don't want nothing hard.
17:43
SPEAKER_02: So I'm on the third category, right?
17:46
SPEAKER_04: Abundance, entrepreneurship made easy.
17:49
SPEAKER_02: I don't think it needs to be hard.
17:51
SPEAKER_02: Like, I think there are challenges, and and not everything comes easy and things take time, but I don't plan on entrepreneurship being a difficult, hard, grueling journey for me.
18:02
SPEAKER_02: Like, that's not the goal, you know.
18:04
SPEAKER_02: I mean, like, abundance does not look like that for me, right?
18:07
SPEAKER_02: Like, I'm not about to be grinding in my business all the time.
18:10
SPEAKER_02: Like, that's not the goal.
18:11
SPEAKER_02: Um, but that's another story for another day.
18:12
SPEAKER_02: We won't get into that.
18:13
SPEAKER_02: It's a good point, though.
18:14
SPEAKER_02: But that's a good segue because I wanted to know, like, just for me as a full-time employee and as someone building on the side, it's a lot, like it can be a lot, and I don't even have kids yet.
18:24
SPEAKER_02: So I can only imagine what how it's working for people that have full households.
18:29
SPEAKER_02: I mean, just taking care of my cat.
18:33
SPEAKER_02: It's a it's a thing.
18:34
SPEAKER_02: And so the pet parents, man, but when I become a real parent, it's about to be something else.
18:40
SPEAKER_02: Um, so I wonder, like, what is the hardest part for you about building while working full-time?
18:47
SPEAKER_02: Um, because everyone's having different challenges.
18:49
SPEAKER_02: And like we said, like everything isn't gonna come easy.
18:52
SPEAKER_02: So for you specifically, like, what is the hardest part?
18:55
SPEAKER_02: And I'll start with you, Sam, and then we can go to trouble.
18:57
SPEAKER_00: Yeah, yeah, yeah, yeah.
18:58
SPEAKER_00: So that's like a really good question.
19:00
SPEAKER_00: And I don't even think I have a perfect answer because sometimes, you know, as an entrepreneur, sometimes you don't actually know what you're doing wrong until like you know, you're deep in there, and then you realize like you gotta step away and you're like, you know what, this isn't working, and you gotta pivot.
19:16
SPEAKER_00: But I will say, like, my first thought is um the hardest thing about working full-time, especially in airport management where it's very demanding.
19:25
SPEAKER_00: I work 24 hours, right?
19:26
SPEAKER_00: I'm like 24-7 on call, right?
19:28
SPEAKER_00: Um I think is capacity, you know.
19:32
SPEAKER_00: I think that's number one the biggest thing because you really have to take time out of like, okay, when I leave my W-2, um, you know, I gotta set time away to like either stay up overnight or work on the weekends or get up early before my W-2 to make sure I dedicate time to keep growing my business and nurturing it and like following up with clients and partners and so on, and I'm not letting other people down.
19:57
SPEAKER_00: And sometimes the capacity is just not there, like there's never truly a balance.
20:02
SPEAKER_00: Sometimes we're really like, okay, well, what am I going to sacrifice sometimes, you know?
20:06
SPEAKER_00: Like, and people don't talk about that enough.
20:07
SPEAKER_00: Like, truly, there is always a sacrifice, it's just what are you going to choose that's going to be imbalance?
20:12
SPEAKER_00: And sometimes people make it to where they mess up their their health a little bit, right?
20:17
SPEAKER_00: I mean, sometimes that's the imbalance, and that's not necessarily the right choice, but sometimes, you know what I mean?
20:21
SPEAKER_00: So um, I think it's just capacity, um, and you know, choosing that right balance that's works for you and your business and continues to grow it.
20:30
SPEAKER_00: Yeah, it's very insightful.
20:32
SPEAKER_00: Yeah.
20:32
SPEAKER_05: Honestly, I would actually piggyback on that and say capacity.
20:35
SPEAKER_05: I'm someone that when I believe in something, I'm going all in, you know.
20:39
SPEAKER_05: So uh, and also I want everything now, right?
20:42
SPEAKER_05: Like I want all my foundations to be established now.
20:45
SPEAKER_05: I want the founders union to be at full capacity now.
20:47
SPEAKER_05: I want to be doing all the trips and everything, but then I also have to realize that I have a job that actually pays the bills.
20:53
SPEAKER_05: Yeah.
20:54
SPEAKER_05: You know, and it's like you can't just go into La Lan Land and just hope and wish and pray that it's gonna come to fruition.
21:01
SPEAKER_05: You have to put the work in.
21:02
SPEAKER_05: So for me, it's more so being disciplined in the efforts of knowing, like, hey, the time is gonna come for the final energy to be where it's at, but for right now, you have to sacrifice and you have to do what you have to do.
21:12
SPEAKER_05: And my job's not even bad.
21:14
SPEAKER_05: Like, I actually appreciate my job for what it's worth, you know?
21:17
SPEAKER_05: So it's like sometimes I'll be at at the office or behind this under the behind the desk looking at a computer, I'm like, let me look over and see what's going on over here real quick.
21:25
SPEAKER_05: And then I'll be over here for two, three hours.
21:27
SPEAKER_05: So, like, you know, and it's like rather than taking a pause, I'm just so immersed in that.
21:32
SPEAKER_05: So for me, I think it'd be like discipline and like the time um of dedicated towards my passion, which is beautiful and is growing phenomenally, versus what's actually paying the bills uh 90% of the time.
21:47
SPEAKER_04: Yeah.
21:49
SPEAKER_04: I think that um capacity is definitely one, but for me, just to throw something else out there that I think is is one of the most difficult parts.
22:00
SPEAKER_04: Is just learning how to be okay with consistent growth, right?
22:11
SPEAKER_04: We are literally working a job 80 hours over the span of two weeks, plus putting countless hours into something that we're building.
22:22
SPEAKER_04: And I know that a lot of times we hear it's a lot easier to grow money fast.
22:29
SPEAKER_04: I forget the exact quote that Uncle Myron says, but growing money, you grow money faster than 10x is easier than 2x.
22:37
SPEAKER_04: 10x is easier than 2x.
22:39
SPEAKER_04: So we want it to happen, like Trell said, immediately.
22:42
SPEAKER_04: We want it to happen super fast.
22:45
SPEAKER_04: Um and I think, at least for me in my experience, if it doesn't happen that fast, I find myself getting discouraged.
22:52
SPEAKER_04: And sometimes I'll take more steps back than I should be taking because I wanted it to happen super fast and I wanted everything to happen, but now I've overloaded my brain and my calendar.
23:06
SPEAKER_04: Burnout, I've overloaded my brain and my calendar, and now what I could be performing, it doesn't even have to be a hundred.
23:13
SPEAKER_04: What I could be performing at 95, I'm giving 70.
23:16
SPEAKER_04: And then those that turns out to be something that's oh, well, he did okay on this.
23:21
SPEAKER_04: We may think about inviting him next time to this opportunity rather than saying no to a few things and giving your best to this one or two, knowing that those relationships, not knowing, hoping that those relationships are gonna grow into something beautiful, right?
23:38
SPEAKER_04: So part of that is also just knowing when to say no to opportunities because when you are growing, you want to say yeah to everything.
23:45
SPEAKER_04: You want to be like, yes, I could be on your podcast, yes, I could show up, yes, I could do a vending event, yeah, I could talk to the kids about uh digital safety at 1 p.m.
23:54
SPEAKER_04: on a Tuesday.
23:55
SPEAKER_04: Of course I could be there, yes.
23:58
SPEAKER_04: I'll figure it out.
24:00
SPEAKER_04: But sometimes you gotta say, no, not this time.
24:03
SPEAKER_04: Can we find a different time on the schedule?
24:05
SPEAKER_04: Or yeah, just we'll have to do it later.
24:08
SPEAKER_04: Yeah, it's just not gonna work.
24:10
SPEAKER_04: So I think that learning to say no, learning that not every opportunity is going to be that golden ticket.
24:16
SPEAKER_04: Yeah, and then just appreciating the fact that this is literally something we are growing from a sapling.
24:21
SPEAKER_04: Right?
24:22
SPEAKER_04: Yeah.
24:23
SPEAKER_04: It's gonna take some time, some watering, you know what I mean?
24:27
SPEAKER_04: It's gonna take some time to grow.
24:29
SPEAKER_04: We gotta nurture that thing, man.
24:30
SPEAKER_04: But if we try and yell at it and say, hurry up, what you doing, grow, grow.
24:34
SPEAKER_04: It's gonna it's gonna be like, bro, stop yelling at me.
24:36
SPEAKER_04: I'm so hot.
24:37
SPEAKER_04: I'm just a baby, right?
24:38
SPEAKER_04: I ain't even I'm only two years old.
24:41
SPEAKER_05: What you want me to do?
24:42
SPEAKER_05: But to your point though, nurturing it like a plant.
24:45
SPEAKER_05: Right?
24:45
SPEAKER_05: If you overwater the plant, it will not be the right sunlight, fertilizer, and that's a great acknowledgement, actually.
24:54
SPEAKER_03: Wow.
24:54
SPEAKER_02: And then we went gardening a little bit.
24:56
SPEAKER_02: Um so one thing I noticed is that all of you are full-time employees and entrepreneurs, right?
25:02
SPEAKER_02: But that is not the only way to build wealth, right, while working full-time.
25:07
SPEAKER_02: And for me, it's not actually where I started.
25:09
SPEAKER_02: Like I started as a full-time employee and I decided that real estate investing was the call and the pool for me, right?
25:16
SPEAKER_02: I eventually found my way to you know starting a business, but that wasn't my initial pool.
25:21
SPEAKER_02: And so, given that all of you found your way to entrepreneurship as full-time employees, what would you say to someone who is where you were before you realized, like, wait a minute, this isn't working?
25:34
SPEAKER_02: And they're trying to figure out what are my options, what will work, right?
25:39
SPEAKER_02: Because that was the hardest thing for me.
25:40
SPEAKER_02: Once I realized that my job wasn't enough, I was like, well, then now what?
25:44
SPEAKER_02: Like, what are what am I supposed to do now?
25:46
SPEAKER_02: Like, what are the options?
25:47
SPEAKER_02: And it's the only reason I chose real estate is because that was what I was presented on a podcast.
25:51
SPEAKER_02: Like that was the first thing I heard that made sense.
25:54
SPEAKER_02: You know, they didn't say, and you should start a business.
25:56
SPEAKER_02: It was like, and you should buy real estate.
25:58
SPEAKER_02: And I said, Okay, you know, so that's what pulled me.
26:00
SPEAKER_02: But for someone who is being pulled to build a business, like what is one piece of advice you would give to them, like one line, you know, something that you wish you heard before you started.
26:13
SPEAKER_02: One line, one line.
26:14
SPEAKER_05: You go first him?
26:15
SPEAKER_00: Nah.
26:16
SPEAKER_05: Okay.
26:16
SPEAKER_05: You can go first?
26:17
SPEAKER_05: Go ahead.
26:18
SPEAKER_05: All right.
26:18
SPEAKER_05: Um, it's not gonna be one line.
26:20
SPEAKER_05: Sorry.
26:21
SPEAKER_05: It's gonna be a shout out to my financial advising background.
26:26
SPEAKER_05: Set yourself up first.
26:28
SPEAKER_05: Set up your eight to ten month year emergency savings, get your life insurance, get your disability, set up your livelihood so when you do start your business, you're able to really go in there headstrong and you're not worrying about the money that you're paying for your rent going to your business.
26:45
SPEAKER_05: So I would say, like, I know you want to start the thing right now, I know you want to really get it going, but please stay disciplined because as soon as you start it, if you're not structured and put together the right way, it will crumble quicker than it flourishes.
27:00
SPEAKER_05: So I would say set yourself up personally first before you set up your business.
27:05
SPEAKER_04: Gotcha.
27:06
SPEAKER_04: No.
27:07
SPEAKER_04: That's good.
27:08
SPEAKER_04: I think that that's extremely important because a lot of times people jump ships without a life jacket and they just swimming in the ocean like, oh man, can you save me?
27:17
SPEAKER_04: Like, ain't no one tell you to do that.
27:18
SPEAKER_05: Listen, move to LA, move to LA with hopes and dreams.
27:21
SPEAKER_05: Wear hopes and dreams.
27:23
SPEAKER_04: That's it.
27:24
SPEAKER_04: So, yeah, I think that um for me, my one-liner would be uh what you just said.
27:31
SPEAKER_04: Go go learn something.
27:32
SPEAKER_04: Go listen.
27:33
SPEAKER_04: Go go go go listen up on some podcasts.
27:37
SPEAKER_04: You you never know what this one-hour podcast is gonna say.
27:41
SPEAKER_04: It could be one sentence that they say, and you're like, hey, I never thought about that, right?
27:45
SPEAKER_04: But all you gotta like take time away from the doom scrolling, from the from the stuff that doesn't matter, and actually go intentionally find something that can help you make money.
27:56
SPEAKER_04: See if you like it, see if it interests you, right?
27:59
SPEAKER_04: But just go explore.
28:00
SPEAKER_04: Explore the internet, the YouTube algorithm will eventually grant you with more things that is gonna teach you, but it has to start with you intentionally making the decision, making the decision and typing in those words.
28:12
SPEAKER_04: I want to learn such and such.
28:14
SPEAKER_04: Tell me about such and such, teach me how to invest in real estate, teach me how to invest in the stock market, and then it'll start feeding it to you.
28:21
SPEAKER_04: And that's where you kind of really start to say, There's more than just this nine to five to make money.
28:30
SPEAKER_00: I don't have a one-liner, but I do, you know what I mean?
28:32
SPEAKER_00: Like, I just way more than one line.
28:34
SPEAKER_00: I just feel like it's hard.
28:36
SPEAKER_00: Like, I you know, so I I want people to understand where I'm coming from.
28:40
SPEAKER_00: It's so hard to put that into one line.
28:42
SPEAKER_00: Um, but I'll say, like, it's kind of hard to tell somebody, like, I think the best advice is always start a business when you have your finances, you know, all up, you have a good strong foundation.
28:54
SPEAKER_00: But I know not everybody's there, you know, and that's that's not necessarily how I started either.
29:00
SPEAKER_00: So I can't even speak from that perspective necessarily then uh and try to tell somebody, hey, come with like a strong foundation, you know.
29:08
SPEAKER_00: Um I had like I had$5,000 to get started, and I know that's a lot than most people, but it still wasn't enough for what I needed.
29:16
SPEAKER_00: And so I would say like don't be afraid to be creative in structuring um an opportunity to start in business, but also if you're gonna be creative and if you're gonna start a business, research it heavily before you start so that you know all the different angles and you're well researched, you don't make expensive mistakes.
29:33
SPEAKER_00: And the other thing is if you start a business, remember why you're starting it, the lifestyle you want, and also like investing your profits so that you're actually earning something that's gonna sustain you more and build the life that you want.
29:48
SPEAKER_00: Um, and your profits are actually going somewhere, they're being invested, they're earning you more money, and their the your money is working towards being working harder than you know you at some point, right?
29:58
SPEAKER_00: Um, so like that's that's what I would say.
30:00
SPEAKER_00: You know, I filled up so many vending machines and I made profits, but that money like sat in my bank account and wasn't working harder than me until I put it in like a solo 401k, right?
30:13
SPEAKER_00: And invested.
30:13
SPEAKER_00: So that's what I mean.
30:14
SPEAKER_00: So yeah.
30:15
SPEAKER_02: I was trying to do one line so as not to overwhelm y'all, but yeah, clearly they couldn't get it.
30:20
SPEAKER_02: So I would say, okay, is my one line is stay tuned into this podcast, Earned and Unbound, and continue to follow for more information and more resources.
30:29
SPEAKER_02: I would also like to give a shout out to the Black Abundance Circle, our primary sponsor.
30:34
SPEAKER_02: We will have a very explicit way for you to figure out where the best place for you to start.
30:39
SPEAKER_02: Okay, so stay tuned in, check the link in the description.
30:42
SPEAKER_02: And thank you for joining us today.