I was sitting across from a new acquaintance at the CampFI Midwest and he was telling me about his next budding venture. He had a brilliant business plan. An idea which no one had capitalized on before. He was in the middle of gathering investors and beginning the long process of due diligence. I probed further. I am always wary of what I call the financial independence wild goose chase.
It turns out that he had no love or passion for this new project. He really dug the idea of building an empire, and he was ready to be financially independent. But the idea, the idea itself, held little excitement for him.
So I asked about his current work situation. It turns out that he owns and operates a growing small business that with just a little work could eventually sell for millions of dollars. He was sure of that. He enjoyed his day-to-day work and felt a real sense of engagement and accomplishment in what he built.
So why ever was he wasting his time with this new venture? Why was he getting caught up in the financial independence wild goose chase?
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