15 September 2011 ~ 7 Comments

Stop Being Normal – Start Being Entrepreneurial With Dan Andrews – FA066

Audio Interviews

Normal Vs Entrepreneurial

Dan Andrews of The Lifestyle Business Podcast and I have a conversation about being normal and making normal decisions versus being entrepreneurial and what that means for your life — good and bad.

We discuss how purchases can effect you and determine your future. A lot of this conversation revolves around money. Spending it, saving it and earning it.

You can quickly lock yourself into a typical workaday life without ever trying to. Since your coming to Foolish I presume you don’t want to work at your job or your want to make changes in your worklife to have more control over your day.

For those of us who have left normal a long time ago, this episode will be a nice reminder that we need to keep our eye on the prize.

Enjoy your Foolish Adventure,

Tim “Abnormal” Conley


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  • http://blog.mshanhun.com Melissa

    Oh yes loved this episode. I was telling a friend I have not bought clothes in the last 5 months and she admitted she wouldn’t even know how much she spent on clothes on a monthly basis.
    Small steps… I probably won’t go minimalist like you Tim, I’ve still got 80 coat hangers full of clothes. But it made me think I’ve come a long way in the last few months!

  • http://www.therawtarian.com Laura-Jane the Rawtarian

    Downloaded — Gonna listen on my commute today :)

    I’m not sure if you touch on any of this in your podcast, but I just read Rich Dad Poor Dad and The Cash Flow Quadrant (both by Robert Kiyosaki) and they really do an excellent job of explaining the different ways that one can earn their money. Great books, easy reading for any of you out there who want great starter book(s) for thinking about money in our lives.

    Something I hadn’t thought much about is taxes, which is something that both books talk about… The difference between getting taxed BEFORE you spend your money (being an employee) vs. being taxed AFTER expenses (as a business). BIG DIFFERENCE. One of the many reasons why you want to move away from being an employee :)

    If you are familar with Kiyosaki’s book, I have my foot in all four cash flow quadrants… part employee (part-time employee – 2.5 days per week, perfect schedule!!), part self-employed (web consulting), part business owner (passive income – digital downloads) and part investor (real estate).  I am trying to get rid of the self-employed piece though and grow my passive income. I love my job (fed gov’t – media and web related) and I want to stay working there 2.5 days per week. Provides excellent  health coverage and benefits for my family, while still leaving a lot of flexibility.  Plus, I need to get out of the house a bit or I go bonkers :)

    Anyway, sorry for rambling. I just love thinking about this stuff. Looking forward to listening today on my way to work..!

  • http://FoolishAdventure.com Tim Conley

    The big lesson in this episode was where I talked about how I “needed” a fancy car. Dan talked about family members who “invested” in an expensive mattress. Having an expense, business or personal, isn’t the problem, but the mindset behind the spending.

    When I “needed” the car I was focusing on spending my way to success instead of working my way there. With the person “investing” in a mattress she/he is rationalizing an expensive purchase into a different kind of transaction from expense to investment.

    When we don’t lie to ourselves about why we buy it makes it easier to not spend on things we don’t actually want or need and focus on the success we truly want to achieve.

    As Dave Ramsey says, “If you will live like no one else, later you can live like no else.”

  • http://FoolishAdventure.com Tim Conley

    Excellent books for financial inspiration. I can see them up on my shelf from here. I should read them again soon.
    Focusing on asset creation is something Dan and I should have talked about. That’s what investing and business building need to be about if you want long-term success. It’s less about the income now as opposed to the assets later.

  • http://www.tropicalmba.com Dan

    Great to be on the show Tim thanks for having me!!! :D

  • http://FoolishAdventure.com Tim Conley

    I can’t wait to air our next conversation! This conversations with smart people format is definitely fun and I hope the listeners really like it too — cuz I’m gonna keep doing it.

  • John Neff

    Great podcast as usual. I do differ here on a few points, I have been in business for myself online for 1.5 years now. I fully understand getting control of your wants vs needs, we have a hard time doing that in North America. I feel if a business is taking more of your time than a regular job then why not work a regular job? I am in business for myself so I can go out with friends and take more vacations. I have long term business plans but working in the medical field for 15 years before I started my business taught me a few lessons. First there is no guarantee you will be here tomorrow! Now that doesn’t mean waste your money and have no plan, it means you need to enjoy today as much as possible. If you are tied to your job online or else where for 10-12 hours a day you need to consider what you want out of life. I can promise you that money alone will not make you happy! I could walk back in to being a Cat Scan Technologist today, the reason I don’t is I love the time I now have with my family and friends. Building strong social relationships will help you online and offline! So just say yes I can hang out for a bit and enjoy life as you go. When I buckle down to shoot my stock video I am extremely focused and I put in the hours to get done what is needed but I also can take a break and say yes to my friends and family.