Welcome to the 29th episode of The Boring Money Show!
For today's episode, I want to share something incredible with you all.
I met this guy, named Matt Shoup, a multi 7-figure serial entrepreneur from New Jersey.
Matt currently owns and runs six different companies.
However, not everything was easy for this guy when he was starting out as he was six figures in debt.
He had worked a brief stint in college with a college painting company. So in the summers and spring, he would do residential house painting, and was able to make a bunch of money.
He ended up graduating and working at a corporate mortgage banking job that he just completely hates. But then he realized it wasn't a good fit.
And so, he plotted his sweet escape.
Since he knows that he has an entrepreneurial spirit,
he launched their painting company and never looked back. And that was the beginning of this journey that has led to other companies, writing books and speaking engagements and all kinds of fun stuff.
And another cool thing about this serial entrepreneur guy, he owns a Jiu Jitsu academy in Northern Colorado!
But, how in the world is this guy making almost ten times what Mr. Boring Money makes?
How does that work?
Stay tuned in this watch-worthy episode and get to know more about Matt's roadmap in hitting success and growing his business.
See you on the inside!
Episode highlights:
00:00 Welcome to The Boring Money Show
1:37 Matt Shoup making 10 times what I make
4:06 How Matt Shoup got started as a serial entrepreneur.
6:42 Why business owners should be out of their comfort zone
9:36 The importance of training and having faith in people.
12:18 Why it takes longer than expected to grow a business.
14:55 Head down for two years and expect to make no money.
19:16 Why real estate is a great asset class to invest in early on.
22:18 Determining what opportunity is worth pursuing.
28:11 The success roadmap.
About the guest:
Matt Shoup is a Jesus follower, husband, father, an award-winning serial entrepreneur, author, keynote speaker, Spain aficionado, aspiring paella chef, Brazilian Jiu Jitsu black belt, and Spanish coffee addict.
Matt’s entrepreneurial journey began at the age of 10, when he started a lawn mowing business to earn $200 for a boombox. It was then that Matt discovered his passion and love of business.
Resources:
○ The Boring Money ROI Cash Flow Calculator: https://www.mrboringmoney.com/cashflowcalculator
○ Visit The Boring Money Show website:
https://www.mrboringmoney.com
○ Visit Matt Shoup website:
https://www.mattshoup.com/mattshoup/
○ Subscribe to Matt Shoup YouTube channel:
https://www.youtube.com/@MattShoup
○ Free tools from Matt Shoup:
https://www.mattshoup.com/free-tools/
○ Matt Shoup as a business and leadership author:
https://www.mattshoup.com/books/
Subscribe:
○ Subscribe on YouTube: https://www.youtube.com/channel/UCFLP5xWwzkX11g7xFDpUFLg
Connect with Mr. Boring Money:
○ Follow us on Facebook: https://www.facebook.com/mrboringmoney
○ Follow us on Instagram: https://www.instagram.com/mrboringmoney/
○ Follow us on TikTok: https://www.tiktok.com/@mr_boring_money
○ Send y
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