TMBA 285: So You've Got Some Time and Location Freedom, What's Next?

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In a nice bit of serendipity, I was in Singapore last week and I ran into my friend John McIntyre. John is The Autoresponder Guy, but today he didn’t want to talk about email marketing or autoresponders. We got to talking about what you do when you’ve gotten through those first few years of running a business and you’ve reached a certain level of comfort. How do you choose to live once you own your own time? We’ll also talk about John’s experience scaling in year three of a productized service business, and what you can get out of living in Chaing Mai.

Listen to this week’s show and learn:

  • Some common misconceptions about being location independent.
  • Why doing less work doesn’t always make you more happy.
  • How John and I met and how he started his productized service business.
  • What happened when John’s business lost 75% of its monthly revenue.
  • The benefits of baselining your expenses by living in a place like Chaing Mai.
  • What to do after you’ve scaled your business.

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

Cheers,

Dan & Ian

Published on 03.12.15
  • http://trainingoutcomes.com/ Shaun McCarthy

    Insightful as always! I’d love to get to a position where I was pondering the future of location independence, but I’m still in development mode.

    I really liked the approach of polling a captured audience to test a business idea, so figured I’d throw an idea out to see what people think.

    How about a development service for online training courses for people that don’t know how, or don’t have enough time to develop their own training course?

    Thoughts and feedback welcome.

    Thanks guys

  • Scott Paterson

    Good episode. I am not all the way there yet, but I am getting close. And already its a little scary. I think in the 4HWW, Tim calls this “Filling the Void”.

    I think everyone is going to come up with a different answer of what to do when they no longer have to work much.

    This topic is interesting because very few people in all of human history have ever had this problem. If you have obtained this goal, then you don’t have to worry about health, security, food, money, entertainment, etc. Its all at our disposal. Therefore, there is very little written on the subject.

    For me personally, I want to get into volunteering and saving the environment by using my programming skills. I want to start gardening and cooking more. But if anything, I want to work harder and play harder.

    What I don’t want to do is set random goals… if I could only make X, then once you have X, If I could only make Y. It doesn’t make sense to obtain more resources then I need ( the Ferrari example ). To me, that is only distracting yourself from actually answering this question.

    I am looking forward to move people having this problem. It will be nice when a framework develops for how to answer it.

    Thanks,
    Scott

  • http://twitter.com/JohnMcIntyre_ John McIntyre

    Glad you enjoyed it Shaun!

    Your idea has legs. Check out Greg Rollett over at Product Pros – they do something along those lines (setup courses for experts who don’t know how or can’t be bothered).

  • http://twitter.com/JohnMcIntyre_ John McIntyre

    Yup. Re-reading 4HWW now and it’s a good reminder to go back to the question of “What do YOU want?”, instead of some arbitrary business/hustle goal.

    The problem seems to hit people at different stages. If you love money, maybe you’ll play the game for money for longer. But I find most people get to a position where they’ve got most of the bases covered, and they start asking these questions. I’ve also noticed that people are usually stuck until that develop some sort of answer to questions like these. Without a vision, we’re lost.

  • http://www.tropicalmba.com/ Dan Andrews

    hey Scott thanks for listening, yeah it’s the filling the void chapter for sure. we haven’t really touched on it too much on this show, i think we could do a better job… we also touched on some archetypes we’ve seen of ‘made it’ individuals here:

    http://www.tropicalmba.com/freetime/

    i don’t like the random goals either or also the ‘do one thing in order to do another’ so once i’ll get to x, i’ll turn around and do y (why!?) kinda thing, I think that’s part of the opportunity we are starting to see here is that in some ways we already have the kind of abundance that people used to work generations for. when do we put on the breaks and start doing the things we always wanted to do in the first place. couple that with the very real possibility that you could find a way to make enough bucks doing what you wanted to do in the first place.

  • http://www.tropicalmba.com/ Dan Andrews

    or a lie, or social pressure, or anything operator there! one thing i’ve noticed is the first stages of ‘get successful’ can be so much easier emotionally because there’s so much social but also physical pressure there– ie paying the f-ing rent. once that’s taken care of, what mechanism provides pressure? and are we willing to take it on if we can find one.

  • http://www.tropicalmba.com/ Dan Andrews

    i agree something like this could work and has in the past too. my one concern is out of the box it’s way more ‘consulting’ than ‘product’ but there’s ways you can work around that, e.g. finding a successful product deliver system that has been demonstrated and sell only that.

  • http://twitter.com/JohnMcIntyre_ John McIntyre

    Exactly. It’s easy to hustle when the benefit is being able to quit your job and travel the world.

    Once you hit that, where does the juice to continue come from? Our parents generation grew up wanting to have a good family, shelter and food. Our generation grew up with more abundance than they did, so we assume they we’ll do that as the minimum. For us, the stretch goal is to go beyond merely surviving and instead using jobs/work/business as a vehicle for meaning and fulfilment.

  • http://trainingoutcomes.com/ Shaun McCarthy

    Thanks for the tips and reinforcement guys, definitely need to be mindful of the difference between consulting and offering a product. I’ll work on refining it down to a product/system and get it out there!

  • http://www.tropicalmba.com/ Dan Andrews

    let us know when it goes down Shaun !

  • http://derekdodds.com/ Derek Dodds

    Nice episode. Dan I like the way you edited this one and I appreciate the exploratory style of the conversation.

    I think the nature of the self is to always want more, to do more, to experience more . . . to say to the chick that we ‘own a rocket company.’

    I am not saying I am any different, cause I am not.

    But I question whether this never-ending movement leads to fulfillment. it could be possible that our car is on the wrong racetrack (that was for Ian).

    Respect.

    D.D.

  • http://www.tropicalmba.com/ Dan Andrews

    thanks Derek appreciate that!

    one thing that comes to mind a lot during these conversations for me is finding ways to develop ustress in one’s life:

    http://en.wikipedia.org/wiki/Eustress

  • http://derekdodds.com/ Derek Dodds

    Nice, I love understanding the roots of our lexicology.

  • Justin Miramontes

    Anyone who met John in the Philippines when he was scraping by knew there was never any doubt he’d be just fine. John’s always had that “The Ship’s been burnt — gotta make this happen!” insane work ethic about him. Continued success, mate! See you on Mars :)

  • http://www.tropicalmba.com/ Dan Andrews

    agree, the first time i talked to him it was clear he had a winner’s attitude and mindset

  • http://twitter.com/JohnMcIntyre_ John McIntyre

    Aww thanks fellas! I had some pretty inspiring people around me at the time.

  • http://twitter.com/JohnMcIntyre_ John McIntyre

    I also like what Peter Thiel said in his podcast with Tim Ferriss:

    “People are in denial or acceptance, which are opposite extremes, but both stop you from doing anything”

    I used to worry that this “to the next level” thinking would be negative long term.. that it wouldn’t lead to fulfilment. But now I think that doing what you want, even if it’s always pushing to the next level, is the only thing that’ll lead to fulfilment.

  • http://webmasterdiary.org/ Elena Gorsvan

    I think it’s natural for human beings to work. The key is to be able to eliminate the work you don’t enjoy so that you have more time to do what you like. Most people need to feel productive at least to some degree otherwise it becomes pretty boring and the mind tends to turn against itself, making up imaginary crises.

    Building new skills or taking up on a new project will cure that but you have to remember that this solution is only temporary because once you master that skill or when that project takes off, you will likely begin to feel low again. The key is to expect for these low periods and plan in advance. When you expect for that and don’t obsess about it, you are much more likely to get over low periods quickly.

    As Tim Ferriss put it, being idle was never a goal to begin with. It just isn’t natural for us.

  • http://www.tropicalmba.com/ Dan Andrews

    agree! :)

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