506 | ProjectionLab | Kyle Nolan

ChooseFI

In this episode: entrepreneurship, side hustles, overcoming fear, community, sharing and maintaining passion projects.

This week we are joined by Kyle Nolan, creator and founder of ProjectionLab, where we will be discussing how he left his 9 to 5 to pursue a passion project, some of the challenges and realizations he’s faced while creating his software, as well as the importance of investing in your interests regardless of the risk or self-doubt you may feel. The journey to FI offers many things, such as freedom and autonomy to pursue new things, but it’s important to remember that you don’t have to wait until you reach FI to start investing in things that are of value to you! By pouring yourself into something that interests you will always guarantee a payback!

🔑 Key Themes Discussed:

• Kyle’s journey from traditional employment to entrepreneurship.
• The development and impact of ProjectionLab in the FI community.
• The role of personal passion in creating and growing a side hustle.
• Overcoming fear and indecision when launching a new venture.
• The importance of a supportive community in achieving financial independence.

🕒 Chapters:

• Introduction to Kyle Nolan and ProjectionLab
• Kyle’s background and the start of his FI journey
• The motivation behind creating ProjectionLab
• The challenges and rewards of entrepreneurship
• The pivotal moment of launching ProjectionLab on Hacker News
• The significance of mental headspace in pursuing side projects
• Brad’s reflections on proof of concept and personal finance journey
• How to encourage children to explore their passions in technology

🔗 Mentioned Links and Resources:

• ProjectionLab (Use Code "CHOOSEFI" for 10% off!)
• Richmond Savers
• Subscribe to The FI Weekly!

More Helpful Links and FI Resources:

• Top 10 Recommended Travel Rewards Credit Cards
• Empower: Free Dashboard to Track Your Finances
• CIT Bank Platinum Savings Account
• M1 Finance: Commission-Free Investing, 1-click rebalancing
• CashFreely: Maximize Your Cash Back Rewards
• Travel Freely: Track all your rewards cards and points
• Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off)
• Student Loan Planner: Custom Consult (with $100 Discount)
• Get a cheaper phone plan with Mint Mobile