Episode Summary

In episode 709, join Rob Walling for a solo adventure as he shares his story of growing his personal wealth over the past few decades. Selling companies was the major driver of wealth, but he also explores the role of cryptocurrency, running profitable companies, and angel investing. Rob emphasizes the power of entrepreneurship in achieving financial freedom, while acknowledging there are ways to do so while keeping risk relatively low. Episode Sponsor: We have been partnering with Lemon.io for several years, and they’ve proven to be a great choice when it comes to hiring for a highly skilled developer to work on your project. Here are five reasons why you should consider working with Lemon.io. The time from your request to getting a candidate is just 48 hours. Developers have previously worked with tech giants such as Apple, Google, Netflix, Airbnb, Intel, and LEGO.  They only provide senior devs, with an average of 7 years' experience. Their talent pool covers more than 300 dev languages & frameworks. Your hire comes with a zero-risk, replacement guarantee. Customers of Lemon.io typically stick around for at least a year, proving they know how to gain your trust by delivering consistent results. Quit wasting time searching for a solid developer at a great price. Get in touch with Lemon.io. As a bonus for our podcast listeners, you’ll get a 15% discount on your first four weeks of working with a developer at lemon.io/startups. That’s lemon.io/startups Topics we cover:  2:50 – A lesson on how to build wealth 4:31 – Entrepreneurship was our biggest tool 6:37 – Building, acquiring, then selling companies 10:45 – Building slowly while staying risk-averse 13:27 – Investing in riskier assets like cryptocurrency 19:39 – Running profitable companies 20:56 – Angel investing, and WP Engine 23:44 – Traditional, salaried employment 24:53 – Typical investments: stocks, bonds, REITs 27:36 – Real estate investing Links from the Show:  MicroConf Connect Christopher Gimmer (@cgimmer) | X Christopher’s tweet Sherry Walling (@sherrywalling) | X The Stair Step Method of Bootstrapping Start Small Stay Small by Rob Walling This Took 11 Years to Be An "Overnight Success" - SaaS Exit Strategy Zen Founder The SaaS Playbook by Rob Walling WP Engine TinySeed Barbell Strategy Explained for Stock and Bond Investors If you have questions about starting or scaling a software business that you’d like for us to cover, please submit your question for an upcoming episode.
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