Click here to download your FREE list of 4 SIMPLE STEPS to TAKE CONTROL OF YOUR PERSONAL FINANCES AND LIFE: https://www.theinvestorspodcast.com/subscribe-youtube/ Clay Finck chats with MJ DeMarco about why he chose entrepreneurship as his path to building wealth, his journey in building a successful business, how he knew it was time to sell what he built, why following your passion is bad advice when starting a business, what MJ’s definition of wealth is, ways in which entrepreneurs can validate their business ideas, and much more!   MJ DeMarco is an entrepreneur and international best selling author of The Millionaire Fastlane, Unscripted, and The Great Rat Race Escape. He is also the founder of The Fastlane Forum, which is a worldwide forum for entrepreneurs with over 70,000 users and nearly 1,000,000 contributions.   IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 00:13 - Why MJ chose entrepreneurship as his preferred path to building wealth. 02:55 - MJ’s journey to building his first successful business. 12:39 - How he knew it was time to sell out of his business. 16:44 - Why following your passion in starting a business is bad advice. 22:17 - What MJ’s definition of wealth is. 32:28 - Ways in which entrepreneurs can validate their business ideas. ☕ Get the freshest roasted and ethically sourced beans from America’s best local roasters with Trade Coffee. Plus, a total of $30 off your first order and free shipping — that’s more than 40 cups of coffee for free! To get started, take the quiz at https://drinktrade.com/TIP, and start the journey to your perfect cup. ✔️ Subscribe to Millennial Investing podcast show: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/millennial-investing/the-millionaire-fastlane 📖 BOOKS MENTIONED: - The Millionaire Fastlane by MJ DeMarco: https://amzn.to/3Nl0RY4 - Unscripted by by MJ DeMarco: https://amzn.to/3yGXiaA - The Great Rat Race Escape by MJ DeMarco: https://amzn.to/3lf3jU2 Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 ▶️ RELATED EPISODES: - (MI069) Practical Strategies For Starting A Business w/ Steve Hoffman: https://www.theinvestorspodcast.com/millennial-investing/mi069-practical-strategies-for-starting-a-business-with-steve-hoffman/ - (MI071) How To Become A Successful Entrepreneur w/ Sean Castrina: https://www.theinvestorspodcast.com/millennial-investing/mi071-how-to-become-a-successful-entrepreneur-with-sean-castrina/ 💡 OTHER RESOURCES - Read MJ’s Fastlane Forum: https://www.thefastlaneforum.com/community/ - Robert and Clay’s tool for picking stock winners and managing our portfolios, TIP Finance: https://www.theinvestorspodcast.com/tip-finance/ - Check out our Investing Starter Packs about business and finance: https://www.theinvestorspodcast.com/mi-starter-packs/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK: ₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ 📚 Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU 🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn 💸 Get introduced to the world of investing with our Millennial Investing podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ FOLLOW US ON SOCIAL MEDIA📱: 💻 Facebook: https://www.facebook.com/groups/theinvestorspodcast/ 👔 Linkedin: https://www.linkedin.com/company/the-investor's-podcast/ 🐦 Twitter: https://twitter.com/TIP_Network ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📥 Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/form-youtube-checklist/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.