#025 - How to Start a Business Without Destroying Your Financial Goals with Justin Peters

In this episode of Becoming Work Optional, Matt and Rachael interview Justin Peters where they discuss the concept of achieving work optional status, focusing on the balance between financial independence and pursuing meaningful work. Justin shares his journey of side hustles, entrepreneurship, and the importance of consistency and risk-taking in personal and professional growth. Matt, Rachael and Justin emphasize the value of experimentation in one's 20s and the significance of creating white space for reflection and problem-solving in entrepreneurship.

Key Points Discussed:

1. The importance of using your 20s for exploration, experimentation, and spontaneity rather than focusing solely on career and life milestones.
2. The concept of reaching a point where work is optional, allowing individuals to pursue projects that excite them rather than working solely for financial reasons.
3. Justin discusses balancing a full-time job with side hustles, including marketplace flipping and running a podcast agency.
4. Justin's perspective on reaching Coast FI, where one no longer needs to save aggressively for retirement, allowing for more risk-taking and focus on impact work.
5. Justin's transition from a podcast listener to a creator, and how it became a significant part of his career during a sabbatical.
6. The value of sales skills and networking, which Justin developed from a young age and throughout his career.
7. Discussion on the relevance of college majors and the importance of building high-income skills and networks during college.
8. The role of health and consistent habits, such as Justin's running streak, in supporting entrepreneurship and personal growth.
9. The importance of having white space in one's schedule to think creatively and solve problems effectively.
10. Encouragement to take risks, especially when young, as the ability to recover from failures is greater.

Join Rachael and Matt as they provide practical advice for navigating the complex world of personal finance, helping listeners make informed decisions to secure their financial future.

Justin Peters

X/Twitter & Instagram - @justinleepeters

tsirpodcast.com

Rachael

X/Twitter - @camp_wealth

rachaelcampwealth.com

Matt

X/Twitter - @matthew_garasic

unrivaledwm.com

Disclaimer: This podcast provides general information and discussion about finance, investing, and related subjects. The content provided in this podcast is not intended as investment advice and should not be taken as such. Always seek the advice of a professional or conduct your own research before making financial decisions.

Rachael Camp offers advisory Services are offered through Creative Financial Designs, Inc., a Registered Investment Adviser, and Securities are offered through cfd Investments, Inc., a Registered Broker/Dealer, Member FINRA & SIPC, 2704 S. Goyer Rd., Kokomo, IN 46902. 765-453-9600.

Neither Camp Wealth or Unrivaled Wealth Management are affiliated with the CFD companies or each other.