On this week's episode, Dan and Ian are going to explore one of the philosophical concepts that they have been talking about increasingly on this show.

The Peter Principle was originally published by Laurence J. Peter in 1969. The basic premise is that every employee or member of an organizational hierarchy will tend to rise to their own "level of incompetence".

On today's podcast, we are talking about what this concept means for entrepreneurs, how it applies to us, how it applies to our businesses, and what we can learn from it.

We'll also share some strategies for what to do if you believe that you've reached your own capacity for growth.

Dan and Ian share stories of financial freedom every week on this podcast.

On this week's episode, they wanted to explore what that freedom actually means. To some, living a life of frugality can allow yourself to retire early, but does it really bring you freedom?

One year ago, Dan wrote an article called The Cult of Early Retirement Meets (Or Strangely, Doesn't Meet) The Cult of Entrepreneurship. This article turned out to be fairly controversial, with many readers of our blog sharing their thoughts on early retirement, financial freedom, and more.

Today, we are going to present an audio version of that article, followed by some opinions and reflections on the discussions that arose from it. You'll also hear our thoughts on why the writings of early retirement bloggers don't entirely click with entrepreneurs, why we believe our time is more valuable than money, and a whole lot more.

Dan and Ian return this week with another unique entrepreneurial origin story.

In fact, today's guest has built a business in the last four years that has revenues in the low seven figures and he now employs five employees.

Part of the reason we like to share these origin stories on the show is that there's a moment for every one of us when we really truly did not believe that we could achieve this sort of thing.

Allen Walton knows that feeling all too well. Allen is the founder of SpyGuy.com, an eCommerce business which sells covert surveillance technology. Allen grew up in the suburbs of Dallas, Texas, and he still lives there today.

On today's podcast, you'll hear Allen share the story of how he grew SpyGuy.com to a seven-figure business, what happened when he cold-emailed Mark Cuban, and a whole lot more.