Guess what – I just bought the farm!
History tells us that when a military jet crashes on a farm the farmer typically gets the government to pay off the mortgage on that farm. And thus the saying, “He bought the farm” refers to someone dying. But then there’s the positive side of just deciding to have a small farm. I’ve got an opportunity where you might just be able to do that – for $300.
- Do you think the benefits of homeschooling outweigh the costs? And How can we nurture the entrepreneurial spirit of our children?
- How do you feel about creating a mastermind group within one industry working in the same area?
- Should I look at established business opportunities or start something totally new?
- And I’ve got good news –
- See how this kid helped his 75 yr-old Mom complete her bucket list
- And a whole lot more questions if we get to them.
“I have no special talents. I am only passionately curious.” Albert Einstein – Tweet This
Cliff Feightner‘s Poem This Week
When you feel at the end of your ropeIn the workplace, how do you copeAre you prepared to adaptOr just feel that you’re trappedIn a job without any hope
Show Notes: Episode – 07-07-17
Title: N/A
Subtitle: N/A
Summary:
This holiday week, Dan shares wonderful success stories from members of 48 Days as well as an opportunity where YOU can win a 13 acre farm! He also addresses questions from listeners including whether one should start a new business idea or compete with others in established markets. Dan also discusses the topic of homeschooling as he and his wife, Joanne, made the decision to homeschool their own children. Tune in to find out how family time fosters an entrepreneurial spirit in our children and why it’s important to start a business that blends in a person’s passion, talent, and money.
Time Stamped Show Notes:
- 01:02 – Preview of Today’s Show on “Guess what – I just bought the farm!” History tells us that when a military jet crashes on a farm the farmer typically gets the government to pay off the mortgage on that farm. And thus the saying, “He bought the farm” refers to someone dying. But then there’s the positive side of just deciding to have a small farm. I’ve got an opportunity where you might just be able to do that – for $300.
- Do you think the benefits of homeschooling outweigh the costs? And how can we nurture the entrepreneurial spirit of our children?
- How do you feel about creating a mastermind group within one industry working in the same area?
- Should I look at established business opportunities or start something totally new?
- And I’ve got good news –
- See how this kid helped his 75 yr-old Mom complete her bucket list
- And a whole lot more questions if we get to them.
- “I have no special talents. I am only passionately curious.” Albert Einstein
- 03:54 – A poem by Cliff FeightnerWhen you feel at the end of your rope In the workplace, how do you cope Are you prepared to adapt Or just feel that you’re trapped In a job without any hope
- 04:23 – Success story from West, It all began in your (Dan’s) Eagle’s Club Coaching that I took way back in 2005. My side hustle business is nearly 100% residual income and pays for our new 4K+ sq ft home
- 06:21 – Dan explains the power of SWISS dollars
- 07:17 – When you’re working 40 hours per week, you calculate your pay based on 40 hours
- 07:25 – When you open a store online, you’re open 168 hours per week
- 07:53 – Would $15/hour make you suffer having been used to earning $70K/year? NO – $15/hour in a year is $130K
- 08:28 – This is the power of SWISS dollars
- 08:59 – See how this kid helped his 75 yr-old Mom complete her bucket list
- 09:09 – Sian Regis was well aware of how he treated his mother, Rebecca, when he was younger
- 09:24 – Rebecca was a single-mom who worked as a hotel maid for years
- 09:32 – Now, Sian is making it up to her
- 10:03 – The young entrepreneur helped his mom to complete her bucket list
- 10:46 – Paramedics stopped to do the right thing after seeing a 98-year old mowing the lawn in the heat
- 11:08 – They pulled the ambulance over at the senior’s house
- 11:20 – They went ahead and mowed her lawn
- 11:35 – Police officers bought an air conditioner for a 95-year old veteran
- 11:49 – The officers received a 911 call from the senior distressed over his air conditioner
- 12:03 – The officers visited and were appalled at the veteran’s condition
- 12:17 – They went to home depot to look for an air conditioner
- 12:25 – The store employees were touched and threw in $150 of their own money
- 12:35 – The police officers put $150 as well to split the cost
- 12:43 – They went back to the veteran’s house and installed the new air conditioner
- 13:05 – UPS has a new ad out with the line, “As a kid did you ever knock on other people’s doors, then run away before they could answer? Guess what? We’re hiring!”
- 13:56 – Dan shares about Matt “buying the farm”
- 14:16 – Matte interviewed Norma, who was giving away her 13 acre farm
- 14:33 – Norma is moving to a retirement home
- 14:49 – She’s taking applications with essays from couples who want to be farmers
- 15:02 – Win a North Carolina farm contest – https://www.essaybluebirdhillfarm.com
- 15:14 – There’s a fee of $300 per application
- 15:29 – She owes $189K on her farm that she’ll pay off once she gives it away
- 16:17 – Verify that you can run a farm like this
- 17:30 – Dan wants somebody from the 48 Days community to win!
- 18:01 – Dan plays Watching the Wheels
- 20:11 – Anthony asks, Do you think the benefits of homeschooling outweigh the costs? And how can we nurture the entrepreneurial spirit of our children?
- 20:47 – Dan had their kids in regular school until it became clear that Jared wouldn’t make it in the system
- 20:15 – Dan and Joanne pulled out Jared from school and then, they pulled out Ashley
- 21:37 – They used Zig Ziglar’s recordings
- 22:11 – Just living life together as a family nurtures the entrepreneurial spirit
- 23:08 – You don’t need to be very sophisticated or structured when you live with your kids
- 24:07 – The $100 Startup is a resource Dan recommends
- 24:15 – Dan’s 48 Low-Cost Business Ideas
- 25:45 – Rusty says, How do you feel about creating a mastermind group within one industry working in the same area?
- 26:09 – “Masterminds are one of those terms that is being used and abused dramatically”
- 26:27 – Your idea makes sense
- 26:38 – Collaborate instead of competing
- 27:11 – Dan was a member of IMCAP for years
- 28:04 – Send your questions and success stories to AskDan or askdan@48days.com
- 28:46 – Sean says, Should I look at established business opportunities or start something totally new?
- 29:29 – You can compete in established business opportunities
- 29:46 – Domino’s Pizza’s 30-minute delivery is an example of this
- 30:23 – Dan shares about Shane who picks up dry cleaning
- 31:39 – Be careful about just identifying where you know there’s a need
- 32:04 – “You have to include your passion”
- 32:40 – Dan uses Jamie’s question as an example
- 34:31 – Make sure you have the blend of passion, talent, and money in the business you’ll build
- 35:05 – Kris, who lives in Florida, sent a message to Dan for a possible meet up
- 36:54 – Dan hopes that you approach unexpected opportunities the same way he does
- 37:43 – Dan is behind schedule with the plans he’s made for himself
- 38:12 – Dan closes today’s podcast
3 Key Points:
- No matter how dark our days may feel, there’s always a brighter side.
- Today is not about competing anymore, it’s about collaboration.
- Treat your problems as opportunities for growth.
Resources Mentioned:
Credits:
Show Notes provided by Mallard Creatives
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