#075 Flywheel Masterclass, Flying Planes, and Building For Creators with Nathan Barry of Convertkit

Topics:
(00:00:00) - Intro
(00:05:10) - The decision to live in Idaho
(00:08:21) - Nathan’s flying hobby
(00:15:09) - Building Flywheels
(00:46:07) - Incentive compensation and giving people ownership
(01:06:39) - Inflection points in building ConverKit
(01:14:16) - How to work on a ton of things
(01:23:15) - What are the rules of thumb you use the most in life?

Links:
Nathan Barry on X (x.com/nathanbarry)
ConvertKit (convertkit.com)
Nathan’s website (nathanbarry.com)
Elon Musk by Walter Isaacson (amazon.com/Elon-Musk-Walter-Isaacson/dp/198218…)
Good to Great by Jim Collins (amazon.com/Good-Great-Some-Companies-Others-eb…)
Small Giants by Bo Burlingham (amazon.com/Small-Giants-Companies-Instead-10th…)

To support the costs of producing this podcast:
>> Buy a copy of the Navalmanack: navalmanack.com
>> Buy a copy of The Anthology of Balaji: balajianthology.com
>> Sign up for my online course and community about building your Personal Leverage: ejorgenson.com/leverage
>> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: angel.co/v/back/rolling-fun
>> Join the free weekly email list at ejorgenson.com/newsletter
>> Text the podcast to a friend
>> Or at least give the podcast a positive review to help us reach new listeners!

Important quotes from Nathan Barry on building audience, wealth, and startups:

"If I look back at all the good things that have happened in my career in the last 3 years, they all come from writing. One little habit of writing 1,000 words a day revolutionized my career."
— Nathan Barry

"ATTENTION IS THE MOST VALUABLE RESOURCE"
— Nathan Barry

"When you start writing you don’t have to worry about crafting perfect prose. Instead you just need to focus on teaching useful skills."
— Nathan Barry

Making money is a skill—like playing the drums or piano—that you can get better at over time.
I wouldn’t expect to be able to sit down at a piano for the first time and play a concerto. The same is true for making money.
This is why most first companies fail.
— Nathan Barry, Ladders of Wealth Creation