220: Finance Friday: How Do I Scale My Business But Reduce My Hours?

220: Finance Friday: How Do I Scale My Business But Reduce My Hours?

Entrepreneurs work long, stressful hours, and as a result, they get paid the big bucks. This is the position that Stephanie, a freelance Salesforce consultant is in. She makes a respectable income, bringing in $14,000 after tax! But, that income comes at a cost. While Stephanie is currently contracting out work to a few part-time employees, she spends at least 50 hours per week on the business. She’d like to get to a point where she can step back and work 20 (or so) hours per week and have a systematized and growing business. She’s financially in a great place, with more than three years of expenses saved in cash, so she can take more risks with her business. If you’re growing your own business, rental portfolio, or side-income stream, you may be in Stephanie's position in the future. Stick around to hear exactly what Scott (an active CEO) would do if he was in her shoes. In This Episode We Cover Time freedom or financial freedom, which is more important? Taking your hands off the reins and letting your business grow Subcontracting out work so you can focus on leading a business Firing clients who aren’t the best fit for your business Creating systems and procedures so your business can become scalable and saleable And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

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How to Set FIRE Goals and Actually Achieve Them (2026)

How to Set FIRE Goals and Actually Achieve Them (2026)

Episode #704 ~~~ Download the Goal Setting Document: www.biggerpocketsmoney.com/resources  ~~~ Subscribe to the 31 Day Challenge: www.biggerpocketsmoney.com/31days  ~~~ Subscribe to our Weekly N...

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How to Track Your Path to FI in 2026 (Step-by-Step Guide)

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Join Mindy Jensen and Scott Trench for a powerful conversation with Regina Moore, who achieved millionaire status before 35 through frugality and her career as a pharmacist. But when her young son was...

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The Ultimate Guide to Early Retirement Drawdown (2026)

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Are you using the wrong retirement withdrawal strategy? Sequential drawdown—draining one account before touching the next—is the most common approach to early retirement, but it could be costing you t...

5 Joulu 20251h 11min

If We Started FIRE Over in 2025, Here's Exactly What We'd Do

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What would you do differently if you could start your FIRE journey over today? Back in 2013, Scott was fresh out of college house hacking his way to financial independence, while Mindy and her husban...

2 Joulu 202537min

Does Money Buy Happiness? What the FIRE Community Gets Wrong

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What happens after you achieve financial independence? Former Facebook employee turned comedian Paul Ollinger discovered the answer wasn't what he expected—and it completely changed how he thinks abou...

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