How to Money avatar

Dexa/How to Money

Learn more
Published Sep 6, 2023

Time > Money w/ Ben Miller #719

Ben Miller shares his journey from Wall Street to entrepreneurial success, revealing insights on intentional spending, simplifying life, and the crucial balance between time and money for achieving financial independence and fulfillment.
Episode Highlights
How to Money logo

Topics covered

Popular Clips

Episode Highlights

  • Leaving Wall Street

    left his Wall Street job at Goldman Sachs to pursue a more fulfilling life in Colorado. He realized early on that he didn't want to spend his entire career in finance and wanted to avoid the "one more year" trap. Ben admits that finding a work-life balance as an entrepreneur is an ongoing process, but he values the opportunity to show his children a father who loves his work 1 2.

    It's harder for me to be at home and present with my kids than it would be if I had a job that I didn't care about, but they get to witness a father who's in love with his work.

    ---

    Despite the challenges, he believes that the trade-off is worth it for the personal fulfillment it brings 2.

       

    Starting a Business

    Starting a business requires significant financial planning and risk management. Ben emphasizes the need for a substantial emergency fund, especially for those with families or other responsibilities. He shares that his entrepreneurial journey has been a rollercoaster of highs and lows, but the long-term rewards make it worthwhile 3 4.

    Entrepreneurship is not for the faint of heart because it can be six weeks of thinking you need a real job followed by the best 48 hours in company history.

    ---

    The unpredictable nature of entrepreneurship means that while the journey is exhausting, the sense of accomplishment is unparalleled 4.

       

    Entrepreneurial Mindset

    An entrepreneurial mindset is crucial for transitioning from a corporate job to running your own business. Ben discusses the importance of financial independence, which allows individuals to choose how they spend their time. He believes that curating life's problems is essential, as it helps in deciding what tasks to take on and what to outsource 5 6.

    It's about choosing which problems you opt into and being able to choose. That is a wonderful thing.

    ---

    This mindset helps entrepreneurs focus on what truly matters to them, making their work more meaningful and fulfilling 6.

Related Episodes