Dan and Ian

TMBA463: The Tao of the Hustle Redux

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A few years ago, Dan and Ian published an episode of this podcast called The Tao of the Hustle.

In the years since we still receive frequent questions and comments about our opinions on hustle and entrepreneurship that we shared in that episode.

One of those questions recently came from a listener named Rob Sanchez.

Rob loves creating products, but over the course of his career, he has failed to establish proper distribution channels as he's built those products. His insecurities about hustling have frequently led to less than stellar results when his products launch.

On today's episode, we are addressing Rob's troubles, and revisiting The Tao of the Hustle. We'll be sharing six new elements to the Tao of the Hustle, as well as exploring the ways that our philosophies about hustle have evolved in 2018.

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TMBA462: A Conversation with Michael Lombardi

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Dan and Ian are always looking for new ways to gain insight into entrepreneurship, and sometimes that insight can come from some unexpected places.

Michael Lombardi is an American Football executive and analyst. He also served as an assistant to the coaching staff of the New England Patriots, one of the most successful franchises in the history of the National Football League.

While Dan was reading Michael's new book "Gridiron Genius", he realized it wasn't just a book about sports. In many ways, Dan found "Gridiron Genius" to be as much a business book as a football one.

On today's episode, we are talking with Michael about the similarities between American Football and entrepreneurship, and some leadership strategies in sports that entrepreneurs everywhere can learn from.

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TMBA461: The 40% Rule

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If you've been listening to this podcast for a while, you would know that one of the major motivations for Dan and Ian in life is creating the freedom to live life on your own terms.

That freedom can mean a lot of different things to a lot of different people.

On recent episodes, we have spoken about how entrepreneurship shares a lot in common with the FIRE (Financially Independent, Retire Early) community.

One of the tenents of FIRE philosophy is The 4% Rule, which is the practice of saving and investing enough money that it will allow you to withdraw 4% of that income every year to live off of. 

In order for that rule to work, though, you would need to save 1 million dollars to live on a modest income of $40,000 annually. That can be a tall order for people who are on a small salary.

Enter Jase Rodley. Jase recently wrote a piece called The 40% Rule, which addresses this idea head-on. The 40% Rule is an investment strategy that allows people to concentrate on returns from modest investments, while still allowing themselves to "stay in the game".

On today's episode, Jase discusses The 40% Rule, the business that he is currently building, and how his experience with that business has informed his investment strategies.

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TMBA460: Are We Being Honest About the True Cost of Bootstrapping a Business?

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Today we are examining a discussion that Dan and Ian have been having behind the scenes of this podcast for years.

These conversations revolve around a question that everyone who is considering an entrepreneurial lifestyle needs to hear: What are the real costs of bootstrapping a business?

The truth is that it is often much more expensive and complicated than writers and "thought leaders" let on. It can steal so much of our time, our opportunities for relationships, and sometimes our own well being.

Justin Jackson knows this better than most. Justin is a well-known podcaster with a track record of shows like Product People, Build Your SaaS, and MegaMaker. He has also recently launched an integrated podcast service called Transistor.fm.

Justin has been addressing some of these more "taboo" entrepreneurial concepts on his blog. A recent piece called The Bootstrapper's Paradox addresses some of the hidden costs of bootstrapping.

On today's episode, Justin shares his thoughts on those hidden costs. He also challenges some of the narratives that legendary figures in the movement have built around themselves and opens up about his own struggles with mental health as an entrepreneur.

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