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Redefining success, money, and belonging | Paul Millerd (The Pathless Path)

Paul Millerd spent several years working in strategy consulting and on the “default path” before deciding to walk away to work on his own in 2017. His book, The Pathless Path, chronicles his own journey and deep dive into the history of work and has been read by more than 40,000 people. His podcast, The Pathless Path Podcast, highlights conversations with others following unconventional paths. He also runs the online training business StrategyU, helping people learn the skills of consulting without having to work in the industry. In our conversation, Paul shares: • An explanation of the “default path” and the “pathless path” • Signs you may be stuck on the default path • How to inch your way toward the pathless path • Why Paul suggests everyone should take a three-month sabbatical • Tips for embracing fear and betting on yourself • How to work through the fear of losing money and prestige — Brought to you by Sanity—The most customizable content layer to power your growth engine: https://www.sanity.io/lenny | Maui Nui Venison—The healthiest red meat on the planet delivered directly to your door: https://mauinuivenison.com/discount/LENNY?utm_medium=podcast&utm_source=show_notes&utm_campaign=lenny | Wix Studio—The web creation platform built for agencies: https://www.wix.com/studio?utm_source=Lennyspodcast&utm_medium=Podcastad&utm_campaign=SL Find the transcript for this episode and all past episodes at: https://www.lennyspodcast.com/episodes/. Today’s transcript will be live by 8 a.m. PT. Where to find Paul Millerd: • X: https://twitter.com/p_millerd • LinkedIn: https://www.linkedin.com/in/paulmillerd/ • Website: https://pathlesspath.com/ • Podcast: https://think-boundless.com/podcast/ • Newsletter: https://newsletter.pathlesspath.com • YouTube: https://www.youtube.com/channel/UCofS_FvauuHc-x6mq7yz6nA • Email: paul@strategyu.com Where to find Lenny: • Newsletter: https://www.lennysnewsletter.com • X: https://twitter.com/lennysan • LinkedIn: https://www.linkedin.com/in/lennyrachitsky/ In this episode, we cover: (00:00) Paul’s background (04:33) An explanation of the “default path” (06:32) Questions to help clarify which path you are on (07:35) Paul’s thoughts on “remixing your path” (09:57) An explanation of the “pathless path”  (12:06) Examples of the pathless path (13:54) Why meaning is hard to find and sustain on a traditional career path  (16:05) A case for the three-month sabbatical  (18:16) A mindfulness and self-reflection exercise (20:18) Why Paul recommends three months (22:28) Advice to founders on offering sabbaticals (23:40) Other tactics for self-discovery (27:08) The variability of income in self-employed roles  (29:12) Methods for staying afloat after leaving your job (30:42) Tips for reframing your thoughts around money (33:19) Why betting on yourself usually works out (34:46) The importance of setting aside time for creative pursuits (36:22) How to dip your toes in and find your path  (37:53) Lenny’s personal journey (39:27) Advice on dealing with the naysayers  (40:22) How to acknowledge and tame your fears (44:52) The “ship, quit, and learn” framework (46:39) Why the pathless path is one of constant reinvention (51:27) Paul’s response to criticism  (58:02) First steps for getting started on your journey (55:42) Lightning round Referenced: • The Pathless Path: Imagining a New Story for Work and Life: https://www.amazon.com/Pathless-Path-Imagining-Story-Work/dp/B09QF6Q421 • David Autor on X: https://twitter.com/davidautor • Tim Ferriss’s blog: https://tim.blog/ • Why you should define your fears instead of your goals | Tim Ferriss: https://www.youtube.com/watch?v=5J6jAC6XxAI • How Lenny Rachitsky Got 531,000 Substack Subscribers: https://www.youtube.com/watch?v=DMZem1NYfpM • The Lindy effect: https://en.wikipedia.org/wiki/Lindy_effect • StrategyU: https://strategyu.co/ • David Deming’s website: https://www.daviddeming.com/nyt-columns • The Great Work of Your Life: A Guide for the Journey to Your True Calling: https://www.amazon.com/Great-Work-Your-Life-Journey/dp/0553386077 • Wanting: The Power of Mimetic Desire in Everyday Life: https://www.amazon.com/Wanting-Power-Mimetic-Desire-Everyday/dp/1250262488 • Roadrunner: A Film About Anthony Bourdain: https://www.hbo.com/movies/roadrunner-a-film-about-anthony-bourdain • Nuna travel stroller: https://nunababy.com/usa/trvl-easy-fold-compact-stroller • Build Your Own Chatbot with OpenAI GPT-3 and Streamlit: https://medium.com/@avra42/build-your-own-chatbot-with-openai-gpt-3-and-streamlit-6f1330876846 Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com. Lenny may be an investor in the companies discussed.

Paul MillerdguestLenny Rachitskyhost
Nov 18, 20231h 4mWatch on YouTube ↗

At a glance

WHAT IT’S REALLY ABOUT

Escaping the default career script to design a pathless life

  1. Lenny Rachitsky interviews Paul Millerd, author of *The Pathless Path*, about rejecting the traditional "default path" of continuous full-time work and consciously designing a more authentic life. They define the default path as the unexamined script around college, career, and success, and contrast it with a “pathless path” rooted in experimentation, uncertainty, and aliveness rather than prestige and predictability.
  2. Paul shares concrete ways to explore this alternative path—such as sabbaticals, micro-experiments, and radical honesty about money and fear—while still honoring real-world constraints like mortgages, kids, and health. He emphasizes that the goal is not necessarily to quit your job, but to loosen the grip between identity and work, become more conscious of trade-offs, and build a relationship with uncertainty.
  3. They discuss practical financial and career tactics (lowering expenses, converting to contracting, setting runways), emotional hurdles (fear of failure, loss of status, loneliness), and the importance of following what genuinely energizes you. Throughout, both guests illustrate the conversation with their own transitions from high-status tech and consulting roles into more self-directed creative work.

IDEAS WORTH REMEMBERING

5 ideas

Question the default script you’re living by instead of assuming it’s right for you.

Most people unconsciously follow a culturally inherited path—college, job, house, family, continuous full-time work—without examining whether they truly chose it or understand its trade-offs. Simply naming this “default path” and its implicit contracts (like needing to work 8–10 hours every weekday) creates room to remix it.

Create intentional space—ideally a sabbatical, at minimum an afternoon—to reconnect with yourself.

A three-month sabbatical within a 40-year career (roughly 500 working months) is more feasible than most assume and has an almost universal “approval rating” among those who take it. If that’s impossible now, steal three hours during a workday to walk with no destination or revisit a childhood activity, then observe how you feel about work, guilt, and aliveness.

Use energy as your primary compass for what to do more or less of.

During time off or side experiments, rigorously track what leaves you energized vs. drained—calls, writing, advising, hobbies—and double down on what reliably gives you energy while ruthlessly shedding what doesn’t. Both Paul and Lenny discovered that writing and podcasting energized them, while certain consulting/advising paths quietly depleted them.

De-risk unconventional paths with concrete financial and structural moves, not blind leaps.

Rather than “jump and hope,” people quietly reduce expenses, move abroad, sell houses, dip into savings, seek grants, or convert full-time jobs into contract roles or part-time arrangements. Setting a clear runway (how much money you’ll spend over a set period) and labeling it as an intentional investment in your “life MBA” makes the risk more psychologically bearable.

Name, examine, and negotiate with your fears instead of waiting for them to disappear.

Fears about money, status, health, and belonging rarely vanish; they become ongoing companions. Tools like Tim Ferriss’ “fear setting” and asking about the cost of inaction help you see where staying put is also risky, while learning to “dance with” recurring worries (e.g., future income, book sales) lets you keep moving without letting fear dictate every decision.

WORDS WORTH SAVING

5 quotes

People quit jobs after years of awakening and safely testing changes.

Paul Millerd

A lot of people have never really thought about why they work. People say money—okay, that’s fine—but what else?

Paul Millerd

You waste years by not being able to waste hours.

Paul Millerd (quoting a line he uses in the book)

The big shift was realizing you can design around liking work. My hidden assumption for 32 years was: work sucks, you tolerate it.

Paul Millerd

Coming alive over getting ahead.

Paul Millerd

The “default path” vs. the “pathless path” and how to recognize eachSabbaticals, micro-sabbaticals, and creating space to rethink workExperimentation, tinkering, and using energy as a compass for new directionsMoney, risk, and practical ways to fund and de-risk unconventional pathsManaging deep fears: success, money, belonging, health, and uncertaintyAvoiding creating a new job you hate within your self-directed lifeThe evolving nature of work: creator economy, freelancing, and gigification

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