TMBA 440: What's Your Lifestyle Ladder?

A small boat at a dock with a wooden bridge

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Dan and Ian know that today's episode is about a rather sensitive subject.

Not too many people in American society feel comfortable talking about their personal finances. It's somehow taboo to share how much money you are making, or to speak freely about your financial position.

Maybe this is part of the reason that so many entrepreneurs don't open up about selling their businesses. They think that nobody wants to hear them complain about how much money they made.

In this week's podcast, we aren't holding back. Dan and Ian share how they feel about money, how much money they want, and what actual financial freedom looks like to them.

Listen to this week's show and learn:

  • The ways in which your personal finances can influence your business decisions. (6:35)

  • How to construct your "Lifestyle Ladder". (8:50)

  • How having access to debt affects our behavior. (12:57)

  • What happens when you start to build a basic amount of savings. (18:56)

  • How to determine what your "Freedom Line" is. (25:53)

Mentioned in the episode:

Before the Exit - Our New Book
TMBA Masterminds
Sponsor the TMBA Podcast
The Dynamite Circle
The DC Podcast
Help Us Choose a New Name for the TropicalMBA Podcast
DC BKK
Dynamite Jobs
Seth Godin
Akimbo
Mint.com
Rich vs. King in the Real World by Jason Cohen
The Entrepreneurmobile and Our Top 10 Used Cars For Under $5,000
Rich Dad Poor Dad by Robert Kiyosaki

This week's sponsor:

This week's episode is brought to you by Ruby Receptionists.

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To learn more, visit them online at CallRuby.com or better yet, check out their services yourself by calling 855-389-LIVE. Big thanks to Ruby Receptionists for sponsoring the podcast.

Enjoyed this podcast? Check out these:

TMBA 328: How Do You Manage Your Money?
TMBA 334: Here's How We Plan to 'Manage' Our Money
TMBA 433: A Conversation With Seth Godin

Listening options:

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HAVE COMMENTS ABOUT THE SHOW?

Do you have ideas for things you'd like Dan and Ian to discuss on future episodes?

Our producer Jane would love to hear from you at jane@tropicalmba.com or leave us a voice message using the record button below.

Thanks for listening to our show! We'll be back next Thursday morning 8AM EST.

Cheers,

Dan & Ian

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TMBA 441: The Entrepreneurial Script

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TMBA 439: Five Takeaways From Our Event In Austin