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Building a New Life and Business with Guest Nicole Sherman!

Author
Ryan Miller and Tanner Sherman
Published
Tue 03 Dec 2024
Episode Link
None

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From bootstrapping a side hustle to scaling service-based businesses, this episode takes you through the grind of building a portfolio that funds your freedom. We tackle the hard truths about cash flow, acquisition strategies, and why failing fast might just be your greatest edge. If you’ve got the drive but need the blueprint, this is the episode to ignite your path to financial independence.

📌 Key Takeaways:
✅ Cash Flow is King: Whether it’s real estate or service-based businesses, learn how to maximize recurring income while minimizing risk. 
✅ Acquire to Scale: Discover why buying established businesses can fast-track your wealth-building journey. 
✅ Fail Fast, Learn Faster: Embrace mistakes as part of the process—every failure is a lesson disguised as a setback. 
✅ Mindset Shift: Stop chasing shiny objects; focus on systems and scaling what already works. 
✅ Invest Wisely: Use cash flow from businesses to fund long-term, appreciating assets like multifamily real estate. 
✅ Teach Hustle Early: Inspire the next generation to value action over entitlement—mindset is the ultimate multiplier.

🎬 Chapters:
00:00 From Childhood Sales to Entrepreneurial Spirit
06:03 The Journey to Real Estate and Financial Independence
11:52 Cultural Insights: Hawaii's Melting Pot and Economic Challenges
17:39 Mindset and Resilience: Overcoming Adversity
24:52 Hospitality and Tourism: The Economic Backbone of Hawaii
29:12 A New Beginning: Moving to Nebraska and Embracing Change
33:54 Faith and Transformation: A Personal Journey
36:08 The Church and Judgment
39:30 Personal Struggles and Finding Faith
42:51 The Importance of Quiet and Reflection
46:36 Facing Unbelievable Situations
51:51 Support from Friends and Community
54:18 Deciding to Leave and Surrendering to God
01:00:25 Navigating Life After Leaving
01:04:11 Building a New Life and Business
01:13:39 Embracing Failure as a Learning Tool
01:14:38 The Journey of Podcasting and Learning from Failure
01:16:05 The Heartbreak of Unmet Expectations
01:17:51 Challenging the Average: Striving for More
01:19:53 The Importance of Standards in Education
01:21:48 Embracing Failure as a Learning Tool
01:23:18 Balancing Family and Business Ventures
01:25:44 Women in Entrepreneurship: Finding Community
01:27:36 The Myth of Work-Life Balance
01:30:44 The Role of Women in Supporting Family and Business
01:32:57 Striving for Authenticity and Purpose
01:35:42 Navigating Different Perspectives in Marriage
01:39:30 Building a Supportive Network for Women
01:49:42 Closing Thoughts and Recommendations

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