Episode Details

In today’s Startup Therapy Podcast, Wil and Ryan talk about getting rich without selling your business. They discuss how getting too focused on getting rich causes missed opportunities, is selling your Startup necessary, the cash stacking effect, and spending money you haven’t earned yet. 

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Resources:

• https://www.startups.com/begin

What to Listen For

• 00:00 Intro
• 00:09 Myth: Build big things to get rich
• 03:55 You miss other avenues for growth when you’re too focused on getting rich
• 05:31 The cash stacking effect
• 11:44 Getting regular pay versus never getting paid while running a startup
• 13:22 Planning to spend money you haven’t earned
• 16:52 “Aim for the likelihood of the outcome, not the size.” - Ryan Rutan
• 19:11 The broken idea of how to become rich
• 23:07 When did you start to feel rich?
• 28:26 Do you need to sell to get rich?
• 29:19 If there isn’t a need to, don’t sell