How a Childhood Incident Created His Unhealthy Drive for Success

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What is your thought of ? Is it having tons of within the financial institution? Respect from your loved ones, mates, and friends? Or is it the liberty to dwell the life that you simply’ve at all times wished?

Like most individuals, John Lee Dumas at all times thought that the best way to grow to be profitable was by way of monetary independence. However, the extra he chased cash, the much less profitable and glad he felt. It wasn’t till he made a important mindset shift that his life took a pivotal flip. 

By taking cash out of the equation, Dumas was in a position to see the larger image and create a enterprise and life that he really loves. Today his award-winning and web site Entrepreneurs on Fire constantly brings in six-figures a month and helps thousands and thousands of individuals discover monetary freedom and success.

Related: The 10 Commandments of Podcasting

A Childhood Incident Leaves an Indelible Mark

Dumas had what most would think about an atypical childhood. He grew up in a small city in Maine the place his father was considered one of three attorneys, and his mom was a stay-at-home mother. He received respectable grades, performed sports activities, and led a typically sheltered life. However, one jarring incident would change how he seen himself and form his relationship with cash for years to come back.

“One night when I was about eight or nine years old, my Dad called me downstairs. He was sitting at the table doing his taxes, and he was not in a good mood. He made me sit down and look at all the paperwork, and he said, ‘Look at how much money you’re costing me.’

Prior to that, I had no concept of money or the fact that I could be a burden on my parents. I didn’t realize the stress it caused them to keep me alive. So I developed this mentality of constantly trying to be financially independent so that I wouldn’t be a burden on my family. This attitude would lead to a series of bad decisions.”

The Search for Financial Independence

After graduating from , Dumas utilized for an ROTC navy scholarship in order that his mother and father wouldn’t should foot the invoice for his schooling. He spent 4 years at Providence College understanding that he must take part in navy service after his program completed. Dumas was in his senior yr when the September 11 assaults passed off.

“I was going to be an officer in the army in six months, and it just went from peacetime to war,” says Dumas. “A year later, I was in commanding a tank platoon with four tanks and 16 men. Only 12 of us made it back. It was incredibly traumatic. Here I was getting shot at and dealing with death, and to think it can all be traced back to me just wanting to get a scholarship and not be a burden on my family.”

Dumas completed his energetic responsibility on the age of 26 and entered what he calls ‘six years of struggle.’ He nonetheless had deeply ingrained concepts of what he thought success was. He started looking for out jobs that may earn him a lot of cash however discovered that every one solely made him extra depressing than the final. It additionally didn’t assist that he was coping with .

“At first, I tried to follow in my dad’s footsteps, so I applied to and got accepted into law school,” says Dumas. “I thought that everyone in my family would be proud that I was in law school. People like to brag about stuff like that. But the PTSD made it difficult to focus so that I couldn’t do the work. I eventually dropped out after one semester.”

After dropping out of legislation faculty, Dumas tried his hand at company finance in Boston. He lasted 18 months earlier than deciding the atmosphere was simply too poisonous. He then joined a tech start-up in New York City but additionally hated the job. In San Diego, he began working in , and it was throughout this time that he had an epiphany.

Related: The Four x 4 Financial Independence Plan for Entrepreneurs

A Defining Moment

Dumas’ job as a industrial dealer required him to spend a giant a part of the day driving, so he began listening to podcasts and audiobooks to ease the boredom. Although he was being profitable, he felt unmotivated by life typically, so he started listening to tales about modern entrepreneurs and different inspiring folks.

“I’ll never forget one quote I heard on a podcast,” he says. “I was 32 years old, and it changed my life. An quote said, ‘Try not to become a person of success, but rather a person of value.’ I had never thought about life that way.

“I looked in the mirror and asked myself, ‘What have you done over the past six years that’s been of value to anyone?’ The answer was nothing. I was doing everything for myself. That day I told myself I was quitting my job. I didn’t know what I was going to do, but I did know that the only requirement was it had to be something of value.”

Creating Financial Freedom and Fulfillment

On a mission to make significant change, Dumas began devouring podcasts that includes interviews with entrepreneurs. In reality, he devoured a lot content material that he started operating out of episodes on many podcasts. 

“I wanted to hear inspiring content every day, so I searched for a podcast that had daily interviews with entrepreneurs. I couldn’t find one anywhere,” Dumas says. “I couldn’t believe there were daily sports podcasts and whatnot, but none that interviewed successful entrepreneurs every day. It just didn’t exist. I decided to change that.

“I knew I was going to suck at first, but I was willing to put in the hard work. I hired mentors, and they emphatically told me the venture would fail. My attitude was ‘challenge accepted.’ If the best people in the industry were telling me it couldn’t be done, and I could find a way to do it, think of the opportunity there. That excited me. It also met my requirements to stop chasing success and become a person of value.”

Dumas’ plan was easy: create free, precious, and constant content material that may encourage folks identical to the interviews he had listened to had impressed him. He launched Entrepreneurs on Fire in Sept 2012, and inside simply a few months, he had logged tons of of interviews and was turning into an authority determine and influencer within the trade.

As the podcast and web site grew in recognition, folks started asking Dumas how they might do the identical factor, so he created a course instructing folks tips on how to begin, develop and monetize their very own podcasts. That month Entrepreneurs on Fire made its first $100,000. Since then, the enterprise has constantly earned seven figures yearly. 

Related: 4 Simple Steps to Reaching Financial Independence and Retiring Early

Success to Significance

Even although the cash was rolling in and Dumas was placing one thing of worth out into the world, he nonetheless felt like there was one thing lacking. An interview with Aaron Walker, life coach and founding father of View from the Top, made him understand what that was. 

“Aaron talked about how he became financially independent at a young age, but how that actually became a negative for him,” says Dumas. “He had all this money, but it didn’t make him feel fulfilled, so he asked himself how he could go from success to significance. Since 2015, that has been my mentality.”

Dumas started fascinated by how he may share his success with others in a important method. He received concerned in philanthropy, donating hundreds of {dollars} to organizations like Pencils of Promise, a non-profit that builds colleges in creating international locations. 

In 2016, Dumas and his fiance Kate moved to Puerto Rico, the place they now run the enterprise collectively. He managed to scale his life again in order that he solely works exhausting for about 5 days a month, and the remainder of the time, he can run on autopilot. Instead of massively scaling the enterprise, he and Kate have determined that what they earn is greater than sufficient.

Adding worth to the world has at all times been on the forefront of Dumas’ , which is why he continues to seek out new methods to encourage and assist folks. His first historically printed guide is The Common Path to Uncommon Success, a guide that teaches folks tips on how to discover their massive thought in order that they’ll create monetary freedom and design the lives they deserve.  Dumas primarily based the teachings on this guide off a decade of interviewing over 3,000 of the world’s most profitable entrepreneurs.

“After years of searching and struggle, I’ve finally been able to define what success is for me,” says Dumas. “I’m living in my zone of fire, doing something that lights me up and excites me every day. In doing so, I’ve designed the life that I want. The problem with most people is they never identify what their version of success looks like. 

Dumas doesn’t think that his story is particularly remarkable. Instead, he believes that anyone can create a successful business by combining passion and expertise.

“There is a buried opportunity in everyone that can be unleashed to achieve the financial independence and the fulfillment you desire. You need to know where to start. Once you do, it’s a really powerful journey. You might stumble on the way, but as long as you stay true to that zone of fire, you’ll continue adding value to the world and you can’t go wrong.”

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