Sold For $80 Million - Then Hit Rock Bottom
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I had pen my entire existence, my entire life, on this one moment.

the exit.

the exit. IT was supposed to feel that hole. And I just, I didn't, I couldn't believe IT success .

in life is often subjective, but there's something about business or monetary success that most people tend to agree on, which is the bigger the business, the more money equals, the more success you have in life. And while that can contribute to your overall life success, IT won't make you exactly feel whole. Although today's guess, josh paint, he thought that I could, which meant that when he finally got his big exit and saw this company for a tony money, instead of the ethic and filling life event that he was looking for, he got the opposite.

I think I slipped into A A really dark period in my life for probably, you know, another year to year and a half.

I would say in today's episode, we're going to talk to josh show. Josh sold his company and he made something like sixty million lion dollars after taxes at a very Young age. And josh a is going to open up just we do on every monday wise episode is going to open up on his finances.

So was monthly spend is portfolio and things like that. But we're also going to talk about that period after he sold and josh's story. It's more than just the access. It's an entire journey. His emotional well being, IT was tied directly to his business success.

And in this episode, we're going to hear about when IT all came to ahead and how we got himself out of IT and why this time his new business, he's running IT so much differently. And if you are just starting a company or hell, even if you already have a company, I think you're gonna like to hear the changes of how someone who can that is up in any way possible, how they've set up their company. And so my friends, I am sam par, and this is mony wise.

You can scroll through integram p or just thirty seconds going to see a tonto stuff out there on how to get rid, but none that teach you how to handle life after you've already made a little bit of money. And i'm the cofounder of a company called hampton. You can check IT out, join halpin com, go head, you'll listen to this parking a bunch.

Just go head. Check out the home page, john hand and dot com. It's a community of ceo's, business owners, things like that. Our members range from startups with just ten employees to publicly traded companies with hundreds of millions dollars in revenue.

And because of this thing that I call hampton, i'm able to see all of these amazing in these private conversations about money. So we're talking to like people who are very wealthy, sometimes billionaire, and we're talking all about money very publicly in hampton. And I thought, I think a lot of these conversations, they should happen in public, and hence this pocket money in wise.

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I got a little bit of cold, my voice just a little bit lower than Normal. So my apologies. thanks. You're bear with me. Before we draw out any further, I want to get to the details right away.

So we're going to talk about the exit details in order to get a Better sense of the antique matic climax for talking about in the deal. Judge ended up selling his business stack commerce for roughly eighty million dollars. And because he didn't raise a lot of funding, he owned most company. Yeah.

I like seventy five percent. And so because .

josh didn't raise a lot of finding, he owned seventy five percent of the business he saw, which brought him, and personally at the time, around fifty million dollars. And that was in two thousand and journey. And so this is how much he is worth today.

Like sixty million, probably.

alright. How much is liquid or liquid dish?

Like forty?

We're going to talk about how we got there. But first.

let's start with us why. I think it's an interesting thing to think about people's origin story and why they start in the beginning. And I think this podcast, a lot of people might assume, I K like people start comedy to make money.

And yes, but why like guider people want money, right? They want to feel validated or they wanna feel loved or they want to feel special, you know. And there's a lot of things that I think happen in our chat s or traumatic events that sort of get that. And so for me, I think I was looking to feel more complete or I do not just more. okay.

So let's go back to his origin story.

I was born in southern inDiana.

H that's cool. Up from missouri. So we built have that comment. Yeah middle st, where your parents in the business, or they just like Normal midwest people.

super Normal midwest people, they actually grow up credibly poor like farmers and kentucky. My like my dad group on a tobacco farm. My mom also group on on the farm.

Her parents worked in the distilleries in kentucky. And so they grew up like truly dirt or no, we didn't grow up dirt or but we were definitely, I would say, like lower middle ass. And my dad was always in sales.

So he was he sold a lot of different things like chemical supplies to factories, and he was an insurance sales for a little while. He started out clear selling, like in psychopaths door to door. He was like a sort of classic old school sales guy.

Did you want to start a business because you grew up without money?

The short answers, yes. I mean, it's through that classic. We didn't have very much, you know, saw their kids were in cool clothes after rob blab ba, we afford IT.

And I definitely think that created a chip on my shoulder early. And like you know, I have four brothers and sisters, the Youngest of five. And IT is unique to me though, like they also group in the same circumstance and they had no desire to be onto us. They weren't destroy about not having money in the same way that I was yeah.

I grew up in the midwest too. I'm also the Youngest and none of my other siblings wanted the same thing. So I think everyone is kind of like absorbs information differently. I guess you went to I U right?

yeah. I went I U for undergrad and I was there during the dot com era. So technology was like just getting interesting, but finding that was really the thing, like everyone was still making money as like everyone who wanted to make money, who wanted to be an investment banker, that was the big thing. But I wanted to do tech.

And so the ah then I graduated and I I got really lucky a one and got international with tell and somehow like made my way out to silicon valley and I was like, holy shit, like this is what the world has the offer like I I was stuck in like don't be little town and then I get shipped out to silicon valley and to me I was like super eye opening and I loved IT. And so yes, I went to work there into my my ticket at a school I was at in til for years like I knew I want to be an entirely way before that when I was a kid. But I was in midwest, I had no framework.

So like three sh three, three and half years in the intel, you know, I still couldn't figure out. But I hate to that place. I hate IT you working in corporate america, quit that job, applied to business school just because I figured, you know, that's what you do.

That's what you do right? To all the smartest people in the just go back to business school. So I lied to business school, got in and actually travel the world for six months ahead of that, which is a lot of fun anyone to do for business school.

I did a stint in ventura capital. There I was the president of the entrepreneurship club. So like, was getting into IT. But yet again, IT was two thousand and eight when I graduated. So was like crazy financial times.

I intently didn't look for a job, flew back out to silicon 的 upon graduation， and then got a job with the start of called, which is like a so coy about company, was a darling of that like web two point o era, and worked there for you. I actually got fired, which was devastating at the time. But like truly probably the only only reason I started the company.

the first company, I didn't really go anywhere sort like .

the facebook news feed before. The facebook news feed, I think, or maybe like great around at same time. But anyway, there was a lot of privacy concerns so that get very far.

But eventually he would start the one that did.

Then I created the company that I built .

called stack commerce. Dude, I was looking at your revenue growth like IT was pretty outstanding um to remember like what was the revenue for each years? One, two, five?

You remember I was absolutely insane. So first all just at the stage, we raised seven hundred and fifty thousand dollars in seed funding. Really never touched IT and more profitable century from day one.

But year one, we did two million. Year two, we did six million. Year three, sixteen million. Year four, twenty six million. Year five, thirty two million.

Wow, by the way, how much money did josh have when he started that business?

I mean, I had nothing. You know, I don't know, five grand in my bank account, wow.

five thousand dollars and you raise seven hundred thousand dollars. Was the business making a lot of profit along the way that you could pay yourself?

So those first year, year one, I didn't pay myself anything like I almost say like year year, I didn't pay myself anything because there was a sort of pres sort of launching. And then you're one, I think I paid myself like sixty grand and then like seventy five year two, ninety years three.

And then I think one fifty was really kind of that number that I was oo gay like one fifty is a lot and felt really good about like that I was making myself one fifty and you were like four, your five I got married. So that sort of change things. I wanted to buy a house when you were at that point doing seven figures of ebata. So I think I pay myself like two hundred or maybe in two fifty that year.

That's the thing, by the way, when you look for a validation and fulfilment, when it's basically all comes from business success, that means that when the highs common, sometimes they do, they go really high, especially those early days. But the laws, they always come in, by the way, they probably come a lot more often than the highs.

So like your six is kind of win. Things slowed, right? So we can hit fifteen to twenty percent year on your growth did .

fifteen percent because like if you have a business that's like becoming matured fifteen percent, that sounds bad. That sound bad at all for anal girl, but I badin like in the data day that feels, does that feel boring? What is that feeling?

I mean, I think everyone is different for me. That period was sort of the trough of Sarah because we had been doubling and tripling every year, every year, right? So I I had sort of set up this explication.

They say, you know, happiness equals results, many exceptions yeah that yeah balloon up the expectations over going to double forever. And so when when we are doing that prior to fifteen to twenty percent year growth, do where we're doing. You like I said, two or three million of every single year growing twenty percent year year.

I mean, it's not bad, right? Like we were close to the rule of forty, you know, which is if you add up your growth in your evita percent, you want to be a minimum forty percent. And, uh, we were pretty close.

But I something was going on in inside of me where I was really negative about that period, right, and really fearful. And IT wasn't only that I was bored. I was, I was worse than that for me.

was IT fearful, like this is going to go away?

Yeah, yeah. I think that was probably the feeling like, yes.

I felt that exact same way. And looking back at IT, I think that, I think that past experiences are hard to analyze because you have so much bias. I look back at a situation and I think I know I felt miserable then, but that seems kind of fun to go back in that situation now.

So it's hard to like analyze the situation entirely. But I look back at the times when I thought this is going to go away and I I should have noted IT wasn't going going to go away or like this is Normal to feel or that it's not life or death necessarily, but that easy now of course, to say, because I know the outcome. But looking back where you correct to feel like I could go away?

yes. And no, yes. And there are always existent al threats to any company. If your company is you completely tied to one channel of revenue or marketing. We were fairly diverse.

Al, like we had a lot of big revenue partners and and I the realty is that the business could have declined. And but I think what I realized later through executive coaching and and therapy is I am incredibly resilient and I wasn't believing in my my resilience and in my innovation. Even a stack had gone down like I was afraid I was going to go down with IT.

And I think you have to believe in your own capability and just know like like I know who I am now and and and took me a long time to figure that out. But back then, I I didn't quite believe in myself. I wasn't as grounded and as stable as I am now. And I wish I could go back and tell that person, you know, to believe. But that's partly why I started a second company and that's partly why I ve writing content, is that I get first time entrepreneurs understand though, right what I think that .

personal low period was just a four shadow of what was to come. Instead of realizing that he was on a fruitless journey, he got caught up in chasing the next high. And that next one, IT, was the exit. We're going to tell you that story all the s right after a quick break.

So I run this company called hamp and which is a private community for farmers in CEO and on the back end of hampton. And members can log in and they can explore different perks we have. They can check out events near them, they can connect with each other, whatever.

But the point is, is that like five years ago, this would have been impossible for me to do because i'm not technical or IT would require me to hire a big tech. Um but we really use this platform bubble, which is based a way to make this amazing and without writing a single line of code. Now here is the thing, even though with bubble you don't use code IT could be a little bit complicated.

And so there's an agency that I love is not a zero code that felt the Z E R O Q O D E through the biggest pluggin n build for platform that creates web mobile A I applications. Any code which means is super easy and fast to build custom solutions for crm, s marketplaces, custom dashboards and it's all without code, which means extremely affordable of zero code, are a number of happened. So have to know them.

Our community members, i've got to know them, and i've seen what theyve had to say about zero code. And using their company, they love IT. So if you need any type of application built and you want to use a no code solution that I love and I endor is called a zero code Z E R O Q O D E dot com. Again, a zero code dot com, and that's code with A Q. How long did the process .

take to sell IT was a lot longer than I thought I was gonna and I was definite IT was about six months. Yeah, from the first time we ever spoke to closing date with six months. But from L, Y to cloth was about three months or three months from alloa cause, but I took about two or three months .

to get to l was your lifestyle, you know, that's a big company. Was your lifestyle great at that point? Or you living wob low your means? But what was your monthly spending think?

No, we had a good lifestyle because at that point, we will continue to do this sort a couple but IT until the sale the year as I would get a lot more eva, but prior that couple of million. And so yeah, I started to do the salary. I keep the salt, a onus based on our ebit.

So that was one million. Might take a smaller bonus if I was two million a little bit bigger, if I was three million little bit bigger. We were doing pretty well. We had moved to a bigger home, probably spending, including our our mortgage in everything.

twenty five grand a month. And he felt great there.

felt great. I remember like I group super cheap and I Carried a lot of those things with me. And then so yeah, I was still pretty conservative.

And you know, my friends, my safe, very cheap at that time, even in that situation. But there was nothing that I that we couldn't really do that we wanted to do. Like I don't remember at that stage worrying about money much.

So why sell at all?

It's different for everyone, but there were like a couple things for me. I mean, I think the biggest one was emotional, right? The biggest one and this might be different than than a lot of people.

I don't I don't really know. But I mean, for me, I think IT came down to some aspect of affirmation, some external thing that I needed to validate me. And it's funny.

I think I I thought I was the money. I thought that success would be the thing that would make me, make me OK sort of complete me a few well, you know. And yeah definite turn out different than what I thought.

what fell short of the expectations.

The money sort of hit my bank account. And I was super ted for a couple weeks. And once that wore off, what I noticed, you know, i'm part of Y P. O. And remember going to my forum and you know ten guys in this forum and you know they like josh, return to talk.

I tell us about the sale and you know they were like on the edge of their seats, like to get to high five and I just like break down in tears and i'm crying and know they're going, my god, that what happened, you know. And for me, like what I realized, ed, was that the money didn't take that monkey off my back. There was a whole inside of me that I thought all the money and the success in the atlas was going to fill, and IT just didn't. And I couldn't believe that I was actually incredibly devastated, because I had worked my whole life up to this moment. I had pin my entire existence, my entire life on this one moment.

the exit.

the exit. And he was, he was supposed to make everything okay. IT was supposed to feel that hole, and I just IT didn't.

And I was like, I couldn't believe IT. So I I think I slipped into A A really dark period in my life for probably, you know, another year to year and half. I would say i've just going through that and figuring out like, what was this all about? Who am I and you know, all of those .

things and you'd made like fifty million .

dollars and a lot was liquid, right? Yeah yeah. Like four, I don't know.

five that didn't bring you .

any peace .

IT has much later you gotten, remember like like you ask me before. Like how are we doing before? Like there was nothing that I really didn't have monetarily before.

Like was like a million or two in the bank and a really nice home and L A, and you're making, you know good money. Like there wasn't a lot missing monetarily like I didn't need a ton more. I didn't have financial full financial security.

Yeah, I give IT felt good. I just took a long time for media realized blue vacation that that even more, or the security that even more money provides. But I think IT was something more like for me, more emotional and more spiritual, that, like, I know our spiritual is the right word, but like that I needed to hold in on. And I think I was like around my my purpose.

john's entire adult life have been building up to that moment I was supposed be that moment that when the money hit, IT changed something in him or IT made him whole. A moment that when I finally came, IT meant that he was finally worth something emotionally. But when he comes down to IT, it's just money.

And no amount of money will do that for you. Unfortunately, not even fifty million dollars. And because he was looking for that spiritual life climax, he at first didn't even feel the tangible benefits that that amount of money could bring today.

He's able to see his well for the positive that IT is in his life. And and we're going to get to more than and we're going to the numbers and how he spends in what is views on money currently are. But before we get to that, though, we're going to find out how we got there, starting with his lowest point, the post sale depression that had taken a hole of them.

What IT looked like for me, and I can see this looking back without a tonia judgment, but we had just moved from a later nash fill. IT was gonna still cove at times. So a lot of people were were inside.

We had bought a new home in a ahl that was a nice home but needed a lot of renovations. And so we were kind of in renovation hell at the time, like contractors didn't have enough workers that didn't have enough supply. So like we were sort of this this three quarters built home and we had no control over getting done any faster, right? And so I felt like so many things were out of my control.

And I think what to look like for me was friendly, like a lot of self pity and a lot of I victimization. And IT took me a lot of time to realize that the focus really didn't need to be so much on me. And like there are so many other important people in my life, right? My kids and my wife and my purpose around them and my family took me a long time to see that.

Are you like, I should have been obvious. But for summer I was just really my optically focused on this goal. Like I was almost too a fault, right? Like as as an a type person, you just get so so in grain. And I go I need to build and sell and blab a blaw that like you lose focus and what's like truly important.

For the first year after the sale, josh continued to work for the company. IT was only after he quit that he started to understand where his depression had been coming from.

I took, we have three kids and took the three kids in my wife, and we want to spain for three months and live in spain. And IT was the first time in over ten years that I wasn't working one hundred dollars a week. And like, completely focused on myself in the business. And like, I think kind of found a new verbs and I found, you know kind of what matter in life. And so I think that's the up a lot.

I just got back from barco a last night two ago.

Yeah, I love was .

I was great. But like when I saw I loved having the time the time was like IT generally made me happier.

Yeah, i'm kind of ferney. I was need to be doing so then. So like I then when I D I I decided I wanted to do on our man because I D never had time for that. So I started training a bunch for that so I just can throw myself and to something else in that journey of doing an arman, by the way, was like, super educational and informative in terms of, like now I was interesting to him.

There's this idea of the mig. I have you heard of that. I got upset with that for a long time.

But basically it's this idea that like you should set like a physical goal every year where the goal is like only fifty percent chance that you're actually going to achieve IT and typically has to be physical. So that's like an enduring thing or like a something arriving like physical pain. I'm kind of interested in that, but sometimes I get too soft.

I like I don't know if I feel like doing this right now, which is kind of the point of IT, I think. But a lot of people, they they have achieved some type of financial success. I've noticed they need to go to some type of physical chAllenge or they like need to suffer physically. Is that why you decided to do IT?

I think that's true. I mean, i've always loved in durance events, and so i've been doing something like that for, well, but I think for me it's about chasing and conquer fears, right? Like, I had this fear with the armed man that I might drown. Like, i'm not a very good swimmer and I was like this.

I don't think I could do IT IT was just like IT was a full army was so overwhelming to me I was just sort like, yeah not just like I might not one I might not finish is so embarrassing but like there was also a little bit of fear like maybe maybe it's being dramatic. Well, you you could die. I felt dangerous almost to in away.

right? Did someone just died across .

fit games there? That yeah was a very long probe train for like nine months. And during that nine months there were so many days that you don't want to get up and train.

You can like have a bad workout or string a bad workout if you get sick and you're just like, well, there's i'm not going to be able to do this. This isn't going to happen. But like you, you continue that process, you trust the process. And I remember rossing the finish line and just feeling like invincible. You know, IT was like the best drug I think I had ever taken and IT was what .

is funny that that's the different feeling that you had when you saw getting cross? Like why was one final line cool? The one wasn't that .

is interesting and is a good question. Um I think that's when my mindset was evolving. Like I had at that point.

I was about a year ish later, I had done a lot of therapy. By that point, I had rehired my exec coach. I had hired a triathletes, ach, you like, doubled as my mindset coach. I think this was my process of reworking, like myself talk, and how I just thought about life. And I think this was one of those milestones along my journey of reimagining how I view the world.

Now, josh's three years out from coming out of his depression, these reactions ssed his values, his self, the importance of time. And he told me that he's the happiness today that he's ever been. And with all of that self work and reflection, he's finally healthy enough is the most of the insane amount of wealth that he's made for himself. Did you increase your monthly spending?

Yeah, we did. It's kind of unna. I have I just like us slowly happened over time, and I didn't even really pay attention at all.

I didn't look at my bank account. I didn't t look at how much we were spending. I would not have known until I joined this.

This group called tiger twenty one, which I think I joined last year and is a part of. Tiger twenty one is similar to hamp t and a IPO. You know you have a forum, you have to present your portfolio and say, this is exactly how much money I have.

This is how it's broken down. This is where I spend. Here is how I spit by category. Here is how much i've made over the last year. Like it's it's pretty in depth.

I just did one of those presentations to my hampton group h to a month ago.

nice. That's very cool. So yeah, the has kind of jumped up to probably like sixty five, seventy a month.

Does that feel as like when you're spending twenty five grand, you're like I have everything I need and then you start spending I remember going from like ten thousand and like forty five or something a month and I like H, I kind of feel the same shockingly, at ten or fifty, I thought I don't want anything else and then I like forty five. I like, I don't want anything else. And why do I feel that the same feeling .

one hundred percent like, I don't really feel like we do all that much. I like, where's this coming from? So we give six figures a year to donations, like in a donor vice fund.

It's donated but not actually provided anyone. But IT is gives us the ability to start that donation. So there's that.

And then we do a massive trip every summer, probably like two months before we take the kids. And I like super export. So when you take away those two things, the number actually gets a lot more. I think Normal are cause certain Normal. And then people ask me a time, I go like what what's different.

And honestly, the biggest differences for me is before I would go to girls y store and I would make sure was buying the thing that was on sale, I probably wouldn't buy organic if I was buying jeans. I wouldn't buy me unless they were like on sale, even when I had a couple million in the bank, right, like I and that those habits were. And now my spending is just a bit more carefree. Like you know, we order from inter garden, we get what we want like it's wear to say that. But like I think it's the ease of decision around buying that is the biggest change was before I was like I had to think about her at a wait.

told something was on sale. Do you have ambitions to be worth a hundred million or a billion? Or do you have any money ambitions?

I don't think I have a ton of money ambitions because based on what my you know, the people that I work with for wealth managing not there's almost no way IT would take a very catastrophes thing for me to not have enough money in life. You know. I mean.

and I just turned .

forty five two days ago.

Forty five. yeah. So like what you have now, you're never running out.

I don't think so. And the only thing that we can have today, I say, is flying private, which we put a little bit. And then, you know, I think there's like even bigger .

homes or vacation homes .

that va T I an you, you can do IT like once a year. Oh, you know what? I don't know.

You think I didn't see this post. I could have a new post and reposted your post about your poor kit habits. And my answer was that I still like coach, unless it's international. So that's my my poor kid habit is like I can barely see the value and flying first, much less like flying private. Like I just IT just doesn't make sense to me.

I mean, like if you do the math, you could spend a one point six million dollars a year, three, sixty million, whatever you could spend that and .

be totally fine. yeah. I mean, but the taxes and the promise, a lot of those are unrealized against, right? And so you got to think about the way you and invest this money is from probably thirty percent getting dividends from private credit, you know, investments and the other two thirds of that, the forty is all unrealized.

So so it's in private equity deals, its invention deals. It's in the stock market and we're not taking any money out of that. So you you're not getting any cash back for any of that.

So really, you're only making whatever some percentage of of twenty, right? So let's say you're making seven percent of twenty million, right? So like one point five million and the use of tract taxes. And then so you're kind of treating water and that in that way.

I mean, yeah, I just think that that's being conservative. Like if you have the sixty invested, like somewhat decently, I think you are right. But the three percent well, but I understand that it's easier for an outsider to criticize someone then IT is the actual like many people can criticize me very easily and I could be like, well, yeah but this reason in that reason so it's kind of affair, I think but yeah, like from my outside I have got .

to say that so do you fight? You don't like private?

No, i've done IT, but i've never paid for IT and I have the same thing that you have. That's why I said it's easy for me to criticize an outsider. But I do say that like ah maybe fifty liquid, i'll but I don't .

know if I actually always seems .

to be double oh really .

that that is funny. Hundred and million to me feels like this is term this kind of been going around all post economic where money has no real meaning when you have an other.

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You, my friend, are noisy. You want to know the numbers behind all of these things that we're talking about, how much money people make, how much money people spend, how much money businesses make. You want to know all of this people's not worth all of IT. Well, i've got good news for you. So my company, hampton, were a private community for CEO.

We do this thing where we survey our members and we ask them all types of information, like how much money they're paying themselves, how much money they're paying a lot of their employees, what their team I bonuses are, what their network is, what their portfolio looks like. We asked all these questions, but we do mostly. And so people are willing to reveal all types of amazing information.

So if you really cannot google, you can't find anywhere else. And you could check IT out at joint han dot com. Click the reports section on the menu.

Click the salary and compensation report. It's gonna blow your mind. You're gonna love this stuff. Check IT out now back to the pot.

Today, Joshua happy and he's got more time to spend with his family and he doesn't have any big financial goals, which are all the reasons you may be surprised to hear that he recently started a new business.

I have a goal is just not monetary. There's kind of like a couple different goals. The first being I kind of described IT like I went to this process of building company IT was pretty success for the whole time we were profitable, the whole time we grew pretty well.

Yet I was terrified the whole time, like I built that company out of fear. And I think because of that, I didn't feel the way I should have felt. I felt good, but like something was off.

And so personally, I wanted to run IT back and build differently for me and proved myself that I could build out of, out of faith and service to myself and other people, and not out of fear, not because I need to do, because I, but because I wanna tell. And to be honest, is kind of been hard. It's not like, oh, I you know, it's easy.

Like i'm still like, things surprise me all the time and so I like sharpening myself. I think the other one is I love like running into the next to me in particular, this guy, ale Bella, like he worked right under me for seven years and I like to think of him as well as people. There was sort of the next me.

His company is going to be there are going to be well and into a billion plus a company, right? And getting to be a part of history and turn him way back just gives me great joy. And so as I think about now, like everybody that works for me that I get to work with, I love like helping them on their journey to finding what I found, to doing what I did, and hopefully ing in in a more healthy way than I would have in the past.

So I got about to joy out that, yeah. Then thirdly, I do have aspirations. If I have aspirations is probably along the lines of like like an andre wilkinson in in the sense that I would love to have a mini bircher or a conglomerate companies in a way that like last like thirty, forty, fifty years or hundred years in its multiple entities that are diversified in in really interesting.

And so I think yeah, I think that's what's interesting to me like I think it's really cool that warn buffet and those guys like they were another nineties and still doing what they did, they are no monetary reason to do. They just love that, right? like. And so I think it's more along long nose lines.

I think that everything you're saying, i'm going through all the same things. IT helps to have financial security to think about some of these things. And yeah, i'm N V S of the people who didn't have financial security and they were wise enough to start from that foundation, which is of an abundance mindset. I'm here to serve others or and as well as um create something that can last a long time. I remember some prominent investor called my business.

He set up like, this is a great little business and I was like, how dare you like use the word business or a good little like and then now that I see earth things that i've like, this is a great little business and i've like, but that's actually awesome like it's kind of awesome to like have a foundation of people who love your your products and services at a brain that's amazing without having to like scale like super fast and ruining things. And so I guess what i'm saying is you kind of shift from this being a hard core capitalist to like life being richer than just money and more of craft. Yeah, yeah. And I think if .

if you ask me the biggest impact, the money, I think it's that took me a couple years to find the joy and IT took me a couple years to so again, and I do think that the money provides that. So that's probably been the biggest thing is that provides that platform or that security blanket for you to shift focus on my survival mode into, like I can do something more existence. Al, for myself and for other people too, which is really cool.

The second mountain, I think someone i've heard someone describe IT as, yes, the second mountain.

that's exactly how I think about IT.

Judge did what most people, myself included, they all this emphasis on the exit, which is a lot of people who start a company. They think when I make IT like when I saw my business or at some point, i'm going to feel like I have arrived into him. He had built IT up to what was supposed to be this huge shipped in his life, giving an emotional and spiritual rewards that was life could finally feel for.

I mean, think about IT. You've spent a decade or more grading your bottom of hiring people, building this amazing thing. And finally, you get some outside validation. And more importantly, you get ideally and hopefully tons of money, enough money to never work again. And IT sounds so gRandy ops, and that sounds amazing, right? But for a lot of people who sell, you don't hear the story because Frankly, is kind of lame to talk about if you at least if you don't do in a cool way, which hopeful ly we are, but if you want to do IT and well, with me sense it's not really fun to talk about.

But in this episode, we saw that even if you achieve a lot of monetary success, if you put all of your hopes and dreams and your southworth and the outside validation, IT is kind of a recipe for being bombed into press all the time because it's never enough. It's just impossible for one thing like an exit to offer all these benefits or just kind of fulfill all these dreams that you have in life. In my opinion, life is about time and how you spend that time.

It's about family, is about providing value to those around you. And as many ways as possible, it's about your social life, is about your physical health. Fulfillment may never be just one thing.

I think it's cumulative. But and this is a mistake that I made. And we heard that josh a is fixing this mistake a lot of times. The best reason I think to start a business is to serve others or to achieve some amazing mission, not just making money.

Although if you don't have a lot of money, could be a good mission to going to get pass a certain point by having some type of mission beyond money. I think that's the way to go because you're never gonna a whole from business success alone. And then if you neglect everything else in your life and it's all about business, you're not really going to get get to enjoy the benefits of that business in the financial success that hopefully IT brings you.

And so in short, you don't get to fully appreciate the unique value that money has in one's life until you stop using IT as the solution of all of your problems. And by the way, if you're on, those people are sitting to this and me like, you know, it's same. You're telling me that making fifty million dollars won't make me happier.

You know what? Instead of trusting you, I think I should go out and find out for myself. If you're one of those people who are in the think of IT, you're building a company.

You to check out my companies called hanted john hampton dot com. It's my community of CEO. You can meet all types of people just like josh, my partner, joni, we've that everyone who applies.

So please check IT out joint hampton and dot com. And last but not least, if you are entrepreneur, you're just a company and you want a podcast just like this one. I have to give a shadow to the company who helps me make this podcast is called lower street, lower stree docker flash moneys SE getting that good attribution for them.

So if you want to pocket like this, please check out lower street. They have made my life so easy, making this power. As they help me find gas, they write these scripts. Ts, they help me with the recording. Check IT out lower street dco flash monetise.