IN THIS EPISODE, YOU’LL LEARN: 04:30 - Why MJ chose entrepreneurship as his preferred path to building wealth.09:52 - MJ’s journey to building his first successful business.18:14 - How he knew it was time to sell out of his business. 22:19 - Why following your passion in starting a business is bad advice.26:03 - What MJ’s definition of wealth is.40:14 Ways in which entrepreneurs can validate their business ideas.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESCheck out MJ’s book, The Millionaire Fastlane.Check out MJ’s book, Unscripted.Check out MJ’s book, The Great Rat Race Escape.Read MJ’s Fastlane Forum.Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance.Related episode: MI069: Practical Strategies For Starting A Business W/ Steve Hoffman.Related episode: MI071: How To Become A Successful Entrepreneur w/ Sean Castrina.Get a FREE audiobook from Audible.Check out our Investing Starter Packs about business and finance.Support our free podcast by supporting our sponsors. Find Pros & Fair Pricing for Any Home Project for Free with Angi.Getting dressed takes no effort at all with Mack Weldon’s Daily Wear System! Check it out for yourself and save 20% on your first order.Loansteady is here to find a mortgage that works for you, not the other way around. They are waiving all lender fees for listeners of Millennial Investing. Important terms and conditions apply. Loansteady LLC, All rights reserved, NMLS# 1701910, Equal Housing Lender. For more licensing information, please visit https://www.loansteady.com/licenses-and-legalTake your business online with Wix, the leading website creation platform that’s got all the tools you need to create, manage and grow your brand. Invest in crypto and trade it without tax headaches with AltoIRA.Check out Titan if you want to aim to become the smartest, wealthiest investor you’ve ever been. Get $50 when you invest today.Enjoy a simple, good tasting supplement that truly improves your health with Field of Greens! Get 15% off your first order and get another 10% off when you subscribe for recurring order with the promo code MILLENNIAL.The interval fund, a breakthrough innovation. Only at Mackenzie.Balancing opportunity and risk? The golden answer can be literally gold! Start your investment journey today with Perth Mint.Design is already in your hands with Canva. Start designing for free today.Get insights on how to plan for your financial goals with The Globe and Mail. Listeners get a special digital subscription rate for unrestricted access to everything. Read this episode’s transcript and full show notes on our website.Connect with MJ: Books | LinkedIn | YouTube Connect with Clay: TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.