#127: Risk the $600K in His Home or Play it Safe?

Welcome to a new episode of Next Level Pros! Join us as we delve into a compelling discussion with Seth Shaner, who shares his candid experiences about the financial and emotional challenges of being house poor. Discover how these challenges are impacting his business operations and family dynamics. Seth, who has a rich background in the restaurant industry, opens up about his journey through business failures, relocations, and the intricate balance of financial decisions and family life. Don't miss this deep dive into the real-world consequences of living beyond one's means. Apply to be on the show: https://forms.gle/hwDijQPFyKCEtHNs8  Highlights: "I always said I would never be house poor, but here I am because the house is the expensive part."   "You can't have high society desires overcome what your income is."  "Being in proximity to people you know can be helpful too."    "I'm not going to go in as the president of a company this big very often."  Timestamps: 00:00 - Introduction  04:15 - Seth discusses his early business failures 08:54 - How past business experiences and financial choices impact Seth 13:16 - Seth’s current financial strategies and his consulting work dynamics 17:25 - Emotional and financial challenges post-divorce 20:31 - Benefits of relocating for financial and family stability 30:08 - Past financial disasters and their influence on present decisions 34:43 - Seth discusses shifting focus from consulting to what he truly enjoys 39:42 - Strategies for utilizing resources effectively in business  50:57 - The potential impacts of moving to more affordable locations. 55:30 - The pros and cons of staying in California versus relocating. 01:05:22 - The impact of financial stress on mental and emotional health. 01:15:39 - Closing thoughts  Looking to scale your business? Want to learn directly from the same team that helped me sell my last business for 9 figures? Click this link below to check out how you can work with us. https://nextlevelhomepros.com/grow-home-service-vsl  Join my community - Founder Acceleration ⁠https://www.founderacceleration.com  ⁠ Apply for our next Mastermind: h⁠ttps://www.thefoundermastermind.com ⁠  Golf with Chris: h⁠ttps://www.golfwithchris.com ⁠  Watch my latest Podcast Apple- ⁠https://podcasts.apple.com/us/podcast/the-founder-podcast/id1687030281S ⁠ Spotify- ⁠https://open.spotify.com/show/1e0cL2vI1JAtQrojSOA7D2 ⁠ YouTube - @thefounderspodcast