Summary Peter Snell shares his journey as an entrepreneur and the influence of his grandfather and father. He emphasizes the importance of pursuing God's calling and finding joy in work. He discusses the qualities of a successful entrepreneur, including resilience, objectivity, and steadfastness. Peter challenges the misconception of passive income and highlights the need for active engagement and stewardship in all aspects of life. In this conversation, Peter Snell discusses the misconceptions around passive income and the importance of understanding the true nature of building wealth. He emphasizes the need for active involvement and constant work in any income-generating venture. Peter also shares his journey in the oil and gas development business and how he incorporates biblical stewardship into his work. He highlights the importance of qualifying the right investors and staying committed to principles, even if it means turning away potential partners. Peter's focus is on the journey and making a difference through his business. Takeaways - Pursue God's calling and find joy in work by understanding how He created you. - Successful entrepreneurs possess qualities such as resilience, objectivity, and steadfastness. - Take pleasure in the toil and actively seek ways to improve and be efficient in your work. - Challenge the misconception of passive income and embrace active engagement and stewardship in all aspects of life. Passive income is often misunderstood and misleading, as it requires constant work and involvement. - Building wealth is more important than focusing solely on cash flow. In the oil and gas development business, biblical stewardship and third-party review are crucial. - Qualifying the right investors is essential to avoid costly mistakes. - Peter Snell is focused on the journey and making a difference through his business. Chapters 00:00 - Introduction and Background 02:57 - Entrepreneurship in the Blood 08:29 - Finding Joy in Work and Pursuing God's Calling 13:16 - Qualities of a Successful Entrepreneur 20:02 - Taking Pleasure in the Toil 24:34 - Challenging the Misconception of Passive Income 24:42 - The Misconceptions of Passive Income 31:07 - Building Wealth vs Cash Flow 34:12 - Biblical Stewardship in the Oil and Gas Industry 41:26 - Qualifying the Right Investors 52:24 - Embracing the Journey and Making a Difference Connect with Peter Snell: Website: https://www.petrovybe.com/ Email: [email protected] LinkedIn: https://www.linkedin.com/in/peterasnell/ Instagram: https://www.instagram.com/peterasnell/ Connect with Abundant Journey: Website: AbundantJourney.net Newsletter: https://abundantjourney.beehiiv.com/ Instagram: https://www.instagram.com/abundantjourneypodcast YouTube: https://www.youtube.com/@abundantjourney
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