Peter Snell on the Virtue of Active Income | Ep. 79

Abundant Journey Podcast

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: [e-mail]
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