Author: Young and Profiting (YAP) with Hala Taha

  • Ken Coleman: Get Clear on Your Purpose, Find the Work You’re Wired to Do | E296

    AI transcript
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    0:01:13 If I’m not doing work that matters to me, I eventually start to wonder if my job matters
    0:01:14 and then it gets really scary.
    0:01:15 I start to wonder if I matter.
    0:01:20 One of the three human needs that workers have to have met is meaning and purpose in
    0:01:21 their work.
    0:01:26 Two is recognition for their unique contribution and three is a relationship with their leader.
    0:01:31 Those three needs, those are all heart stuff and that just shows our humans.
    0:01:32 Ken Coleman.
    0:01:36 He’s a Ramsay personality and number one best-selling author of The Proximity Principle.
    0:01:39 Career expert and a national radio host of the Ken Coleman show.
    0:01:44 A nationally syndicated radio show where he helps people discover what they were born
    0:01:45 to do.
    0:01:49 What are some of the feelings that people have when you’re not in the right career?
    0:01:52 So number one, there’s a feeling of loss.
    0:01:55 They wouldn’t define it as loss, but it really is a loss.
    0:01:58 It’s an emotional loss because you feel like you’ve lost time.
    0:02:02 What that looks like is that discouragement, you get anger at yourself, things haven’t
    0:02:03 worked out the way you want to.
    0:02:06 I also think there’s a fear of the unknown.
    0:02:10 Talk to us about the problem of being disengaged and bored at work right now.
    0:02:11 So the answer is…
    0:02:30 Young end-profiters, I am pumped for today’s conversation because I feel like it’s going
    0:02:32 to really change lives.
    0:02:35 Many of you guys tuning in right now are unhappy with your jobs.
    0:02:37 You’re frustrated with your careers.
    0:02:41 You’re bored at work and you want to figure out how you can find a career that really
    0:02:43 fulfills you.
    0:02:48 And for my entrepreneurs tuning in, you need to understand how your employees are motivated,
    0:02:52 what’s going to drive them to be engaged at work and be productive.
    0:02:56 And so it’s really a two-fold thing, whether you’re in your career right now, you want
    0:03:00 to find your dream career, you want to figure out what you’re good at, what you should focus
    0:03:05 on, or you’re an entrepreneur and you need to figure out how to keep your team motivated
    0:03:06 and productive.
    0:03:08 This episode is going to uncover that for you.
    0:03:10 Our guest today is Ken Coleman.
    0:03:13 He’s known as America’s career coach.
    0:03:17 He’s also the best-selling author of Paycheck to Purpose and the Proximity Principle.
    0:03:22 And he’s a very well-known radio host of the Ken Coleman show, as well as the co-host
    0:03:24 of the Ramsey show.
    0:03:26 Amazing guest, so energetic.
    0:03:28 I can’t wait for this conversation.
    0:03:31 Without further ado, Ken, welcome to Young and Profiting Podcast.
    0:03:32 Thanks for having me, Hala.
    0:03:33 I’m excited.
    0:03:36 I’m excited for this conversation too.
    0:03:39 So for everybody tuning in, you are right now living your dream career.
    0:03:44 You are a host of a nationally syndicated radio show.
    0:03:50 You are frequently co-hosting on the Ramsey show, which is an uber popular podcast.
    0:03:53 You’re known as America’s career coach.
    0:03:56 But there was a point in your life where you were pretty unfulfilled.
    0:04:02 So I thought that we could start in your early career days, talk to us about your first soul-sucking
    0:04:03 job.
    0:04:07 Well, it’s funny that you asked that because it was working for me.
    0:04:14 I was in my late 20s and I was on a path that I had carved out or certainly envisioned
    0:04:16 when I was 16.
    0:04:24 And I was in the process, I thought, of gaining a legitimate business resume.
    0:04:30 And part of this journey was stepping out on my own so that I could take the next step.
    0:04:37 And I realized that the thing that I was preparing for, a potential run for political office,
    0:04:39 that was no longer the goal.
    0:04:43 And so here I am running the small business, which was just a means to an end, just a day
    0:04:44 job.
    0:04:46 But it was working for me.
    0:04:47 But it was soul-sucking work.
    0:04:48 I didn’t enjoy it.
    0:04:51 It was in a sales role and I could always sell.
    0:04:55 But it was a means to an end and then the end changed.
    0:04:58 And when that changed, I realized I no longer wanted to be involved in politics.
    0:05:01 I got disenfranchised with both sides of the aisle.
    0:05:03 It’s just the whole process.
    0:05:08 It just was no longer a place where I felt like I couldn’t make the difference that I
    0:05:09 desired to make.
    0:05:17 And so that was something that was shaking for me to my soul because I had been thinking
    0:05:21 about this since the age of 16 and had made strides and had been involved in politics,
    0:05:25 then got back out into the business world and was trying to build this caricature, if
    0:05:29 you will, to be this impressive person that could potentially get elected.
    0:05:33 And so when that changed, two things happened.
    0:05:39 One, it left me wondering, if not this, then what?
    0:05:42 And then the second thing that happened is I began to beat up myself and I felt like
    0:05:43 I’d wasted all this time.
    0:05:46 Here I am in my late 20s, bro, what are you doing?
    0:05:48 I was really crushing myself.
    0:05:51 You just pissed away 10 years.
    0:05:54 Now here you are on the precipice of 30.
    0:05:59 I know we have a younger audience, but 30 really freaked me out more so than any other
    0:06:04 decade because it felt like I was now supposed to be certain things and this and this and
    0:06:05 this.
    0:06:06 And the time was ticking away.
    0:06:08 You don’t think about it much in your 20s.
    0:06:14 So that put me in a position where I was really discouraged and confused at the same time.
    0:06:16 And that’s a dangerous place to be in.
    0:06:22 And so I snapped out of it eventually and just began to work with some great life coaches,
    0:06:27 people that I had access to and they gave me some exercises and I began just to walk
    0:06:32 through some life mapping and went back and that’s when I figured out, ah, there’s a
    0:06:33 different direction.
    0:06:34 Yeah.
    0:06:38 It’s so interesting that you were so focused on politics and I feel like a lot of people
    0:06:39 are in this boat.
    0:06:43 They’re younger and they decide, oh, I want to be a doctor for instance.
    0:06:47 And then they go down this whole path and they go through school and then they become
    0:06:51 a doctor and they hate it and they don’t know what to do and they feel like it’s too late.
    0:06:53 I wasted so much time.
    0:06:58 What are some of the feelings that people have when you’re not in the right career?
    0:06:59 All right.
    0:07:02 So number one, there’s a feeling of loss.
    0:07:04 And this is deeper than most people.
    0:07:07 I don’t think most people would say to me, are you and I, if we went on the street and
    0:07:10 we started asking young people this or people that feel this, they wouldn’t, I don’t think
    0:07:13 to find it as loss, but it really is a loss.
    0:07:16 It’s an emotional loss because you feel like you’ve lost time.
    0:07:20 So what that looks like is that discouragement.
    0:07:21 There’s some anger.
    0:07:24 If you get angry at yourself, maybe angry at others, you know, if things haven’t worked
    0:07:32 out the way you want to, I also think there’s a lot of fear, fear of, okay, if I now pivot
    0:07:35 and go after something else, what are other people going to say?
    0:07:36 Maybe I got a degree in this.
    0:07:37 I love your example.
    0:07:38 You go to med school.
    0:07:41 I mean, that’s a lot of time and money invested.
    0:07:45 And by the way, we all know this in pretty much every society in the world.
    0:07:47 Doctors are considered to be very prolific people.
    0:07:50 They’re respected people for obvious reasons.
    0:07:53 So now you’re dealing with fear of rejection.
    0:07:55 What are my parents, my friends and family going to say?
    0:07:58 What you’re walking away from being a doctor if you lost your mind?
    0:08:03 That’s the fear of peers, the fear of rejection, if you will, fear of the unknown.
    0:08:05 And that’s what I was dealing with.
    0:08:09 Once I knew that politics wasn’t it, I was sitting in this fear of the unknown, which
    0:08:13 I think Hala is the greatest fear that we as humans face.
    0:08:18 This idea of if I’m walking in a dark cave and I can no longer see the hand in front
    0:08:19 of my face.
    0:08:20 It’s paralyzing.
    0:08:25 If we’re driving in a car, a torrential downpour, the fear of what’s out there and
    0:08:29 I don’t know what’s next is paralyzing.
    0:08:30 That’s a big feeling.
    0:08:33 And then I would say doubt, the cousin of fear.
    0:08:37 Fear is I afraid of something bad happening if I move forward.
    0:08:41 Doubt is I don’t believe something good will happen if I move forward.
    0:08:44 There are cousins they like to hang out together and feed off of each other, but I think those
    0:08:46 are the emotions people are feeling.
    0:08:50 So let’s talk about how you discovered your dream career because now you have an awesome
    0:08:51 career in broadcasting.
    0:08:56 We actually have a lot of similarities in terms of how we got to our dream careers in
    0:08:57 broadcasting.
    0:09:03 So talk to us about this 10-year journey to get to the upper levels of broadcasting,
    0:09:04 essentially.
    0:09:08 Yeah, I’m glad you asked this because trial and error is really huge and the key word
    0:09:09 here is trying.
    0:09:14 I think the best way to get over doubt is to try something.
    0:09:19 Because when we try, we figure out an actual measurement to see do I actually have any
    0:09:20 potential.
    0:09:25 You know, if I try to play golf, which I did a couple of years ago, I found out really
    0:09:29 quickly what my potential is and it’s not good.
    0:09:33 I’ve tried pickleball since and I’ve got a lot more potential in pickleball, right?
    0:09:37 So we think of this in hobbies, but this is also true of our profession.
    0:09:44 So the answer is I felt like I always had this desire to perform and it went back in
    0:09:46 a life map and it goes real quick.
    0:09:48 I went, okay, I always love performing.
    0:09:50 As a kid, I was volunteering to be in the play.
    0:09:52 I was a little bit of a class clown.
    0:09:53 I wanted the pressure.
    0:09:55 I would do things in front of the whole student body.
    0:10:01 So I found the theme here that I actually like the pressure of people looking at me.
    0:10:04 Sometimes we get on kids for that, but I think that’s a beautiful thing because most people
    0:10:07 are terrified of public speaking more so than death.
    0:10:08 We know this.
    0:10:10 This is a piece of data that’s been out forever.
    0:10:12 So I figured out, okay, I like to perform.
    0:10:14 I like the pressure that comes with the performing.
    0:10:18 So now I have to start to go, what type of performing do I want to do?
    0:10:24 Do I want to be a corporate speaker and go out and speak and be a keynote speaker?
    0:10:29 Do I want to go into some type of non-profit or ministry work where maybe I’m speaking
    0:10:31 on behalf of a cause?
    0:10:36 Do I want to go into hard news broadcasting where you’re looking at a teleprompter and
    0:10:37 you’re just kind of reading?
    0:10:39 Do I want to go into sports because I love sports?
    0:10:41 Okay, I thought I wanted to run for office.
    0:10:43 Do I want to go into political media?
    0:10:49 And so I went down the list and sports kind of jumped out to me because I still love sports
    0:10:50 and I love talking about sports.
    0:10:53 So I tried it and I got into it and I did.
    0:10:55 It wasn’t a major break, but I got some little breaks.
    0:11:01 And what I figured out is that talking about sports was a form of entertainment and I wasn’t
    0:11:03 motivated to entertain people.
    0:11:10 That led me to realize that I want to communicate to encourage people, to coach people.
    0:11:15 So it was a process of elimination, I’m giving you the super short process, but that’s when
    0:11:20 I got to the point where I was like, “Okay, how can I now do broadcasting to encourage
    0:11:23 to equip people?”
    0:11:28 And that’s how I started to figure out, “Okay, there is an actual world out here where you
    0:11:31 can communicate to help people transform their life.”
    0:11:37 And the key to that was I loved the sports broadcasting, it was fun because I was performing.
    0:11:40 But I really started to realize that if I do this every day, I’m going to get bored with
    0:11:46 this pretty quick because I’m not deeply passionate about giving people my opinion on a sports
    0:11:48 team organization or a league.
    0:11:50 So there was a process of elimination.
    0:11:55 And we’re going to talk all about why passion is so important, not just your talents and
    0:11:56 things like that later on.
    0:12:01 But what I think is so interesting with your story is that it wasn’t like that big of a
    0:12:02 change.
    0:12:07 Like if you think about it, being a politician, it’s like you’re still up there on a stage
    0:12:12 and you’re still motivating people, you still have to use your voice and sometimes it’s
    0:12:19 not necessarily like a 360 degree pivot, it’s just a slight pivot to a different career,
    0:12:20 right?
    0:12:21 Great analysis.
    0:12:27 So for example, when I was developing my career, I wanted to be a singer my whole life and
    0:12:31 I would perform, I always had a solo, I was always a star of the plays, I was writing
    0:12:36 music in college and actually I started interning at Hot 97.
    0:12:40 I would work there for free for three years and I was Angie Martinez’s assistant for
    0:12:46 the reason of pushing my music at the station, not to become a personality.
    0:12:50 And then I learned about radio and I loved it and I realized, hey, I don’t know if I’m
    0:12:53 really going to be make it as a singer, but I could probably really make it as an on air
    0:12:54 personality.
    0:12:58 So I just pivoted slightly and used my voice in a different way.
    0:13:01 And then same thing with podcasting, it was like a slight pivot.
    0:13:05 So I think that’s important for people to understand, you don’t have to totally change
    0:13:06 what you’re doing.
    0:13:10 Just be that something is a little bit off with the career that you chose.
    0:13:11 That’s incredible.
    0:13:13 I love that you shared your story on this.
    0:13:14 I hope your audience knows that.
    0:13:18 If they don’t know it, they need to keep diving into that because what you did is you just
    0:13:21 saw greater opportunity over here.
    0:13:23 It didn’t make you less talented.
    0:13:26 It didn’t make you less valuable to the world.
    0:13:30 And I think in some ways we can see the value you’re providing now.
    0:13:36 It’s hard to say, it’s hard to say whether or not you would touch lives and truly transform
    0:13:41 and have a role in people’s transformation if you had made it as a big time artist.
    0:13:43 So it’s fascinating to see that.
    0:13:46 And I think that that’s a really key point.
    0:13:48 I realized that there was a thread.
    0:13:53 The thread was communicating on behalf of people.
    0:13:59 I thought it was politics found out, nope, I can make way more difference over here if
    0:14:02 I’m communicating in this lane on this issue.
    0:14:06 So fun little exercise for people that may be in a position that you and I were both
    0:14:08 in that I didn’t know back then, Holly.
    0:14:11 So I’ve developed this now, coaching 10,000 people on the air.
    0:14:13 Three little fun questions.
    0:14:17 If you’re figuring out, it’s not this, what is it?
    0:14:18 And Holly, you made a great point.
    0:14:22 There’s going to be some similarities, even on the pivot, there’s going to be similarities.
    0:14:23 So here’s how you figure it out.
    0:14:26 Ask yourself, who are the people I want to help?
    0:14:30 And think of this through a work contact, because all work, certainly honorable work,
    0:14:31 helps people.
    0:14:33 Who are the people I want to help?
    0:14:37 Second question, what’s the problem or desire that they have?
    0:14:42 And then the third question is, what’s the solution or solutions to that problem or
    0:14:45 desire that I get excited about?
    0:14:48 So real quick review, who are the people I want to help?
    0:14:50 What problem or desire do they have?
    0:14:53 What solution to that problem or desire do I get excited about?
    0:14:54 This is where we ideate.
    0:14:58 And this is where our heart, these are heart questions, these three questions are designed
    0:15:00 to get the heart to open up.
    0:15:05 And when the head, the brain, sees what the heart is pushing up to say, I want to help
    0:15:06 these people.
    0:15:09 So I want to help people who are struggling with substance abuse.
    0:15:10 Great.
    0:15:12 What’s the problem or desire they have?
    0:15:16 Substance abuse, a destructive world life that traumatized them.
    0:15:18 And so they reach out here, whatever.
    0:15:20 So I want to help them through therapy.
    0:15:21 I want to help them through whatever.
    0:15:25 So the three questions are essentially the same question, but you’re coming at it from
    0:15:29 three different vantage points and each answer builds on the other.
    0:15:32 And by the way, you don’t have to ask them in that order.
    0:15:36 You could be a person that goes, I know what kind of solutions I want to give the world.
    0:15:37 And you go, okay, what is that?
    0:15:38 I want a code.
    0:15:39 Oh, great.
    0:15:41 Who do you want to code for?
    0:15:42 And you can reverse engineer.
    0:15:44 Well, I want to code for kids and make video games.
    0:15:45 Okay, great.
    0:15:50 So that’s something that’s really helpful that I wish I had developed for myself years ago,
    0:15:57 but now having coached people, those three questions help us go deep within so we can
    0:16:02 see who we really are and where we can really contribute.
    0:16:03 I love that.
    0:16:08 And I think that’s super great advice, especially for people who are maybe a little bit older,
    0:16:10 maybe in their thirties to be asking that question.
    0:16:13 So I recently had an interview with Gary Vee.
    0:16:18 And one of the things that he says is that in your twenties, it should be all about experimenting
    0:16:20 and figuring out what you’re doing.
    0:16:24 So I’m in my thirties now and I have a multi-million dollar company.
    0:16:29 I have a podcast network, a social agency, a top 100 podcast.
    0:16:35 And I attribute all this success because I experimented a lot when I was in my twenties.
    0:16:37 I was working for free at a radio station.
    0:16:38 I was blogging.
    0:16:42 I was selling underground rapper showcase tickets.
    0:16:43 I was working at the mall.
    0:16:48 I was getting so much different experiences and I really didn’t have it figured out.
    0:16:52 I had other friends who already had corporate careers when I was still trying to create
    0:16:55 a blog site and do all these other things, right?
    0:16:58 But I’m happy that I did that and I experimented.
    0:17:02 And I know that you also did a lot of experimentation and working for free.
    0:17:07 So talk to us about the importance of acquiring skills so you actually know what you’re good
    0:17:09 at because you’ve got a test to know what you’re good at.
    0:17:11 Yeah, that’s so true.
    0:17:15 You have to figure out what you’re good at first because once we figure out what you
    0:17:17 came into this world hardwired to do.
    0:17:20 From a talent standpoint, I’ve got three teenagers.
    0:17:25 Any parent can look at their kids and go, “This kid’s talented at this.
    0:17:26 This kid’s…”
    0:17:27 They just know.
    0:17:28 We all know.
    0:17:29 And you’ve been complimenting for this stuff your whole life.
    0:17:33 So even the most doubtful person watching us right now and listening to us right now,
    0:17:37 the most doubtful person you just down, your self-esteem is down, your confidence is low.
    0:17:38 Can I just tell you something?
    0:17:41 If you need to pick me up, I want you to just rewind your life.
    0:17:44 And throughout your life, there have been times where people said, “You’re a natural
    0:17:45 at that.”
    0:17:46 Or, “That just comes so easy to you.
    0:17:50 Maybe you saw your sibling struggle at it and you went, ‘Huh, it’s easy for me.
    0:17:51 Here’s my point.”
    0:17:59 Once we all truly get self-aware enough to go, “Okay, this is what I’m good at naturally.”
    0:18:03 With education, I’m learning and experience doing.
    0:18:08 I can take a talent and I can make it super, super sharp.
    0:18:09 I can make it a skill.
    0:18:12 I’m going to use an old school kind of example here.
    0:18:13 You think of a potter.
    0:18:17 If any of your audience has ever watched a potter make pottery, it’s fascinating to
    0:18:18 me.
    0:18:24 They take a lump of clay, they put it on the potter’s wheel and through water and their
    0:18:31 force of their hands, working with the wheel, they shape this inanimate object of clay into
    0:18:34 something extremely usable.
    0:18:36 That’s the idea of taking a talent and turning it into a skill.
    0:18:40 We start there and once we figure out what we’re good at and how we can turn that into
    0:18:45 a sharpened skill, now we can see the world through the lens of, “I’ve got these tools.”
    0:18:47 Think of them as power tools.
    0:18:54 Not the old school handsaw, but we’re doing it in six seconds as opposed to six minutes.
    0:19:00 Now I can see, “I have these tools and these tools, skills, do this.”
    0:19:06 As I begin to see what these skills can do, then that allows me to do two things.
    0:19:10 Number one, it allows me to build confidence.
    0:19:11 Confidence is everything.
    0:19:15 I’ll just tell you this as a guy who’s been blessed, and I mean this, to just coach people.
    0:19:17 They’ve called in for years and it’s just mind blowing.
    0:19:22 I have to coach them in about eight minutes, which is, that’s intense, but I tell you what
    0:19:23 it’s taught me.
    0:19:26 It’s taught me how to quickly discern what’s going on and get to the heart of the matter
    0:19:27 fast.
    0:19:31 What I’ve learned is just about every caller or every person I’ve coached from a live
    0:19:35 stage, they’re sitting there with an alternative they think is the right choice and they’re
    0:19:38 ultimately looking to me for confidence.
    0:19:39 That’s what I know.
    0:19:42 I’m speaking about confidence being really, really important.
    0:19:45 Once I’m confident, I know what I can do, I’m confident.
    0:19:46 That’s what happens.
    0:19:49 Then clarity starts to come in.
    0:19:50 Look at me.
    0:19:52 I suck in math and science skills.
    0:19:55 That part of my brain, I should have my brain studied when I died because it’s dark.
    0:19:58 It’s just math and science really hard for me.
    0:20:03 I was always good in the English or the history, much more verbal guy.
    0:20:06 If I’m looking at me and I’m going, “What do I do best?”
    0:20:10 Communication, verbal skills, I tell you what I’m not going to be doing.
    0:20:13 I’m not looking into health and medicine.
    0:20:14 That’s the idea.
    0:20:15 It gives me clarity.
    0:20:17 Oh, I probably am wired to do people work.
    0:20:19 That’s the idea.
    0:20:23 What’s so interesting is that we always hear about imposter syndrome.
    0:20:28 Really, imposter syndrome, in my opinion, is when you’re in a job that you don’t have
    0:20:29 the right skills for.
    0:20:34 You don’t have the right talents for and you feel inadequate because it’s not your strengths.
    0:20:35 Would you agree with that?
    0:20:36 I think it can be that.
    0:20:37 Yeah.
    0:20:38 Let’s take that scenario.
    0:20:43 In that situation, you realize, “I don’t think I’m cut out for this because I don’t
    0:20:45 have the talent.”
    0:20:46 It’s like me trying a new sport.
    0:20:48 It was the golf example earlier.
    0:20:51 I get out there and play enough and play with better golfers.
    0:20:55 I’m going to have some doubt as to whether or not I’m ever going to get there.
    0:20:58 In that situation is not a syndrome.
    0:20:59 That’s reality.
    0:21:02 That’s me going, “I’m not going to be good enough.
    0:21:04 I just don’t have the skill set.”
    0:21:07 The mental makeup to be good in golf.
    0:21:13 Yes, it absolutely can be a sign that … and I’m glad you brought this up because a lot
    0:21:18 of times, even a guy like me in my world, I’ll poo poo fear and doubt because they are enemies
    0:21:21 of progress, but many times fear and doubt are protecting us.
    0:21:26 In the scenario you just brought up, which I think is insightful, we’ve got to have
    0:21:30 enough self-awareness that when we experience doubt, we know whether doubt is lying to us
    0:21:35 and holding us back or doubt’s going, “Oh, there’s a reason that you have doubt.”
    0:21:36 You’re average at best.
    0:21:41 If you bust your ass, you’re only going to be average and people don’t pay for average.
    0:21:42 Yes.
    0:21:48 It’s almost like a dictionary problem where you need to learn the ropes and the abbreviations
    0:21:54 that everybody’s using or is this really like a skills problem and it’s not your strengths.
    0:21:59 Let’s talk about boredom and disengagement at work because I remember last year so many
    0:22:04 of my conversations, people were talking about quiet quitting, and so many people were quitting
    0:22:06 their jobs to become freelancers and entrepreneurs.
    0:22:11 I feel like it’s studied out a bit, but talk to us about the problem of being disengaged
    0:22:13 and bored at work right now.
    0:22:14 Yes.
    0:22:15 I love that you bring up boredom.
    0:22:19 It doesn’t get talked about enough, I think, when we talk about these work trends.
    0:22:22 Boredom is just a function of there’s just no challenge.
    0:22:28 There’s no challenge and challenge comes at us, I think, with two key characteristics.
    0:22:35 I’m challenged because it’s difficult, but I think I got enough chops to handle it.
    0:22:42 Or I’m challenged because I love it so much that I want to take that to the next level.
    0:22:48 The guy who’s the goat on this, his name is Mihai Cheek-Sent-Mihai, he’s got a very popular
    0:22:53 TED Talk on the topic of flow, and here’s what his research over 30 years found.
    0:22:59 Part of being in a state of flow, which is kind of a state of ecstasy, actually, is not
    0:23:05 drug or sexual, it is a mental state that he describes, and part of getting to that
    0:23:07 flow is challenge.
    0:23:14 It must be challenging so that I am engaged to, I got to really lock in, I got to focus,
    0:23:19 I got to put effort in, I got to be at my best, so that’s the challenge piece.
    0:23:25 But the challenge and the aptitude or the ability to meet the challenge are the same,
    0:23:32 and so that’s a huge part of this, and so boredom happens when one or both of those
    0:23:37 are really off, and let’s be honest with you, boredom happens when we’re doing a job that
    0:23:43 takes very little effort, and so we’re scrolling on social media, or we’re talking to our coworkers,
    0:23:45 because there’s just no challenge.
    0:23:48 There’s no challenge mentally, and there’s no challenge emotionally, and that’s what
    0:23:49 I was saying earlier.
    0:23:53 The mental challenge is obviously it’s got to push me, and I got to really lock in,
    0:23:57 but the emotional challenge too is like, do I actually give a crap?
    0:24:03 Does this work that I got to do, is it enjoyable for me, and then does it create a result that
    0:24:05 I actually think is great?
    0:24:10 So if you put me on a spreadsheet, I’m telling you I’m dead, because I’m not naturally good
    0:24:16 at spreadsheet and organization and all that stuff, and I could give a crap about organization.
    0:24:20 I got people around me who do all that that I love in the organization.
    0:24:25 I’m a creative, so the more I’m bouncing from thing to thing to thing, and I’m engaging
    0:24:31 with you, that’s fun for me, so that’s what boredom does, and so here’s the deal.
    0:24:36 To wrap this up, boredom will suck the soul right out of you, because when a human being
    0:24:42 isn’t challenged, then what happens is they begin to think that there is no challenge
    0:24:48 to be had, and you just retreat and settle, and it creates a lot of stress by the way.
    0:24:49 That’s what’s crazy.
    0:24:53 The more bored you are, the more stress you have.
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    0:29:11 You’ve been really passionate about helping people with their careers for years now.
    0:29:14 You have multiple books under your belt related to careers.
    0:29:16 And I read a quote from you that I want to read.
    0:29:20 You said, “We are all souls and we are created to contribute.
    0:29:25 And if you don’t contribute something that matters to you, then there’s something missing.”
    0:29:28 And so we talked a bit about challenge, but talk to us about meaning.
    0:29:31 Why do we have to have meaning in our work?
    0:29:34 Because we are spirits.
    0:29:40 And I don’t care where you come from in the world, what your religion is, what your political
    0:29:43 affiliation is, strip all of that away.
    0:29:48 And the one commonality that all humans have is somewhere along the way in our journey,
    0:29:51 we all wonder, “What should I do with my life?”
    0:29:54 And then we also think, “What’s the contribution I’m making?”
    0:29:57 We all kind of want to make our mark.
    0:29:58 And I just think that’s the way we’re created.
    0:29:59 I’ll just leave it at that.
    0:30:04 I think it’s just there, and nobody has to teach anybody to wonder that, because I think
    0:30:06 we all just want to make a difference.
    0:30:10 I think if you’re going to find one thing that humans can unify around is good, healthy
    0:30:14 people want to help others, they just want to help others.
    0:30:17 So that is the issue.
    0:30:23 And so when we look at this innate desire to make a difference, make a mark, you can
    0:30:28 say it 80 different ways, then we realize meaning matters so much.
    0:30:35 Giving an example, throughout history, we’ve seen dictators, evil people, use meaningless
    0:30:40 work as torture, I mean, multiple civilizations, just go do your homework.
    0:30:45 You can pick any time of history, certainly not modern history, but I mean, right now,
    0:30:51 I know of countries around the world where people are just pounding rocks to pay off
    0:30:52 debts.
    0:30:53 They’re just pounding those rocks.
    0:30:54 So that’s not what we’re talking about.
    0:30:59 I’m talking about literally meaningless work as torture.
    0:31:01 So that’s a fascinating thing.
    0:31:05 If there’s no meaning behind it, you’re like, why am I doing this?
    0:31:10 And that’s psychological torture, not physical torture.
    0:31:11 And it’s fascinating.
    0:31:13 And so why is that?
    0:31:16 Because we as humans are creatures of progress.
    0:31:18 So if I’m not, here’s the danger slope.
    0:31:24 If I’m not doing work that matters to me, I eventually start to wonder if my job matters
    0:31:25 and then it gets really scary.
    0:31:27 I start to wonder if I matter.
    0:31:30 So I think that that’s the reason why meaning matters.
    0:31:33 By the way, the data from Gallup shows up all the time.
    0:31:38 One of the three human needs that Gallup said that workers have to have met, one of them
    0:31:41 is meaning and purpose in their work.
    0:31:46 Two is recognition for their unique contribution and three is a relationship with their leader.
    0:31:48 Now here’s what’s funny.
    0:31:54 Those three needs, those are all heart stuff and that just shows our humanness.
    0:32:01 So related to this point, I think the average age of my listeners is 35, 37.
    0:32:02 And that’s not young.
    0:32:03 It’s not old.
    0:32:04 It’s sort of in the middle.
    0:32:08 And I’m sure there’s a lot of people tuning in that are like, man, I feel like my job
    0:32:09 is meaningless.
    0:32:14 I feel like my life is meaningless, but I feel like I’m too old to make a change.
    0:32:17 I always say you’re never too old to start something new.
    0:32:23 I started my podcast pretty late considering, you know, I was 30 years old when I started
    0:32:28 my podcast and I did so much in the last five years.
    0:32:32 I like basically dominated the industry in five years.
    0:32:35 I had a lot of experience in radio and other things before that.
    0:32:40 So I started with a head start, but still I got a lot accomplished in that short amount
    0:32:41 of time.
    0:32:46 And a lot of people don’t realize that in five years you could do so much.
    0:32:47 So talk to us about that.
    0:32:51 Is there really an age where it’s too late to start thinking about a new career?
    0:32:53 No, I think you’re right.
    0:32:57 Here’s what I’ve told people when I’ve coached them on this because I’ve had people in their
    0:32:58 late fifties.
    0:33:01 I had a lady call my show recently, it was 61.
    0:33:02 So here’s what I told her.
    0:33:03 I said, it’s not too late.
    0:33:09 The only thing that you’ve got to adjust is it’s not too late to start something new,
    0:33:15 but the amount of time you have to do that thing is shorter.
    0:33:18 But you’ve got plenty of time to start it and do it.
    0:33:22 You just don’t have as much time to stay in it as a 25 year old, right?
    0:33:25 At least that needs to be the expectation.
    0:33:29 But let’s also be honest, you know, certainly don’t want to freak anybody out here.
    0:33:32 But this is the kind of thing you and I talk about and then we do, you know, you’re not
    0:33:33 promised tomorrow.
    0:33:38 You could be 25 and something awful happened to you completely out of your control and
    0:33:40 you don’t make it to 30.
    0:33:44 So from that standpoint to the 20 something, let’s get after it.
    0:33:47 Don’t put all this pressure on you to figure it out in your 20s.
    0:33:51 But do what Hollad did, do what I did, go do something and work your way up.
    0:33:53 So to that older person, it’s not too late.
    0:33:59 The only mindset adjustment here is, all right, if I’m starting at X date, then I don’t have
    0:34:02 the runway that I would have had much younger.
    0:34:03 So what am I going to do?
    0:34:05 I’m going to have proper expectations.
    0:34:12 You just measure reality with your timeline of life and go, I may not be able to do this,
    0:34:16 this, this, this, this and this, but I can do this and this.
    0:34:17 And I think that’s how you go.
    0:34:18 All right.
    0:34:23 The time I have left from this point on, I’m going to do something that matters to me.
    0:34:25 And here’s what’s cool about this.
    0:34:30 A hospice nurse in Australia wrote a bestselling book about the regrets of the dying.
    0:34:34 And one of the top five was I didn’t live the life that I truly wanted to live.
    0:34:40 And so I’m a guy that preaches reminiscing over regretting at 55 or 65, you still got
    0:34:41 some time.
    0:34:42 You can do it.
    0:34:47 So that you can look back at least on a certain period of your life and go, I’m so glad that
    0:34:50 I did that and not regret that you never took a shot.
    0:34:52 And also doing it in a smart way.
    0:34:57 For example, using your books and your assessments and things to make sure you know your strengths,
    0:35:02 you know your passions, you know your mission and you know what is a likely path that you’ll
    0:35:07 succeed at rather than sort of just going at it willy nilly without a plan.
    0:35:09 So this is a great segue into some of your work.
    0:35:14 So before we get into your new book, it’s called Get Clear Career Assessment.
    0:35:16 I’d love to touch on some of your previous works.
    0:35:20 In 2019, you wrote about the proximity principle.
    0:35:24 And you say that can change everything people thought about they knew pursuing your career
    0:35:25 that they love.
    0:35:29 So what are my young and profiteers need to know about the proximity principle?
    0:35:32 Yeah, we’ll start with what the principle is and then what it does.
    0:35:37 The principle says this, in order to do what I want to do, you can fill in the blank there,
    0:35:40 I’ve got to be around people that are doing it and in places where it is happening.
    0:35:41 Young Holla did this.
    0:35:44 She thought she wanted to be a singer.
    0:35:45 So what did she do?
    0:35:50 She went to the place where they were playing all the songs and it was a brilliant move,
    0:35:51 right?
    0:35:52 Now, your idea changed.
    0:35:57 But again, what’s interesting is that you’ve also could have used the radio as that idea
    0:35:59 of this is the right place.
    0:36:04 So the proximity principle is about people in places, the right people plus the right
    0:36:07 places equals opportunity.
    0:36:11 In other words, if you’re constantly getting around the right people, people that are in
    0:36:16 the space that you want to be in, or similar to the space that you think you want to be
    0:36:21 in, that proximity is just there and I think your life is actually a wonderful example
    0:36:22 of this.
    0:36:24 And you talked about it earlier.
    0:36:30 Because you were in proximity, you pointed it out, it wasn’t that big of a departure.
    0:36:33 You are in fact a performer, you’re a top notch performer.
    0:36:36 You may only sing for friends and family now.
    0:36:37 By the way, I’d love to hear you sing.
    0:36:38 I think the audience would too.
    0:36:40 There might need to be a single coming out later.
    0:36:43 But anyway, that’s my ADHD flaring up.
    0:36:48 But I think that the issue here is if I understand that being around the right people is going
    0:36:52 to allow me to meet more of the right people, being around the right people, they’re going
    0:36:53 to point me to the right places.
    0:36:56 I go to the right places, I see, I learn, I observe, oh, by the way, I connect with more
    0:36:58 of the right people over here.
    0:37:01 And so what you’ve got is if I were going to draw it up, it would be an arrow here,
    0:37:03 an arrow here and we’d have the right people in the right places.
    0:37:10 And it becomes this cyclical process of learning, doing, and connecting.
    0:37:12 That’s what it spits out.
    0:37:16 And that formula equals opportunity to where you do it right, how people will knock on
    0:37:17 your door.
    0:37:22 In fact, some of the coolest experiences I got in my career where I got huge opportunities
    0:37:24 were because of proximity.
    0:37:28 I was the second option, but they needed another option.
    0:37:31 But the only reason they thought of me is because I was in the orbit, if you will.
    0:37:35 So in order to do what I want to do, I got to be around people that are doing it in places
    0:37:36 where it is happening.
    0:37:41 In other words, if I’m around the right people and in the right places, the right time will
    0:37:43 happen on its own.
    0:37:45 Oh my gosh, I love that.
    0:37:47 I love that concept so much.
    0:37:52 I can think about my past experiences and I know that’s true, like figuring out podcasting,
    0:37:56 it’s like going to all the podcast conferences, trying to get podcast mentors, taking calls
    0:38:01 with every single podcast company and trying to understand what everybody does.
    0:38:03 That’s how you become the top of your field.
    0:38:06 I’m curious, can I flip it on you?
    0:38:07 Yeah.
    0:38:08 Because your audience loves you.
    0:38:09 They’re here for you.
    0:38:11 I’m just the guy guesting today.
    0:38:15 I’m curious, how did the proximity principle play into your specific story where you actually
    0:38:17 got the gig you got now?
    0:38:22 Like it led to the show that’s rocking it and you had this meteoric growth.
    0:38:25 I’m curious, what was your situation?
    0:38:28 There’s so much that goes into it.
    0:38:33 Just to your point, getting that job at Hot 97, I thought I was going to be a singer,
    0:38:38 ended up learning the ropes of radio, took every opportunity that I could where if the
    0:38:40 DJs wanted me to blog, I was blogging.
    0:38:42 If they wanted me to come to a party, I was going to the party.
    0:38:46 If they wanted me to sell showcase tickets and host a showcase, I was doing that.
    0:38:53 So I was taking my opportunity B avenues is what I call them and getting all these experiences.
    0:38:57 So I’m a type of person that isn’t afraid of going out on my own.
    0:39:01 So I started a blog site, but I didn’t start it on my own.
    0:39:04 I recruited other women that were in the entertainment industry.
    0:39:10 So people who worked at Def Jam and IHAR and VH1 and then worked with them and learned
    0:39:13 from them and started this blog site.
    0:39:14 Then I went into corporate.
    0:39:16 That’s the whole other story.
    0:39:20 A ghost period of four years where I just didn’t think I was going to make it.
    0:39:26 I got rejected from satellite radio, MTV, I almost had a show on MTV, so it was like
    0:39:27 a dark period.
    0:39:29 But then I started my podcast.
    0:39:33 And when I started in the podcast industry, once I decided that I was going to really
    0:39:37 do this, I just tried to learn from everyone.
    0:39:40 So for example, Jordan Harbinger, who’s one of the biggest podcasters in the world, he’s
    0:39:44 one of my best friends, he’s my podcast mentor, he came on my show.
    0:39:48 And when he came on my show, I didn’t just leave it at that.
    0:39:49 I was like, what can I do for you?
    0:39:51 Can I write your commercials for you?
    0:39:53 Can I show you how I’m growing my podcast?
    0:39:57 Because he’s sort of old school and I was like this new school podcaster.
    0:40:01 So I was trying to teach him stuff so he would give me the time of the day.
    0:40:04 And then finally, he was, wow, like you’re really onto some stuff.
    0:40:08 I’ll teach you how to grow your show the way that I know and you can teach me how to grow
    0:40:10 your show the way that you know.
    0:40:13 And I was just doing things for free to get him as a mentor.
    0:40:18 So that was one of my first big breaks because he taught me all the secrets of growing shows
    0:40:20 traditionally, right?
    0:40:24 And then when I started my network, I literally started a podcast network, have never joined
    0:40:28 a network, no idea how podcast networks work.
    0:40:32 So I would just take all these calls with all these agencies and I would just act like
    0:40:36 I knew what I was talking about, but try to investigate what the hell are they doing
    0:40:42 and pieced it together, going to all these conferences and just trying to meet everybody
    0:40:44 until I figured it all out to your point.
    0:40:49 Because how do you just get in contact with people who know what they’re doing and work
    0:40:54 for free for them, ask them lots of questions, do favors for them so that they help you
    0:40:55 in return?
    0:40:57 Hopefully, that was a good example.
    0:41:00 That is the principle living it out.
    0:41:03 Throughout the whole story, I could have just circled while you were talking, I could have
    0:41:07 pressed pause and circled right people, like we’ve heard of Jordan was the right person.
    0:41:12 These women from Def Jam and these massive companies, right people, showing up the podcast
    0:41:13 got right places.
    0:41:18 So, yeah, it’s a simple little idea and honestly, I didn’t expect the book to do as well as
    0:41:19 it did.
    0:41:22 I was just trying to simplify the climb.
    0:41:26 If you just keep showing up around the right people in the right places, good stuff’s going
    0:41:27 to happen.
    0:41:28 It’s not romantic.
    0:41:34 It’s just simple, but most people in today’s world, they want to fast forward everything
    0:41:39 because we see a lot of unbelievable fast stories and those are rare.
    0:41:45 Those are rare people because you look like a fast story because if you just look at your
    0:41:51 bio, it’s like, so all these young women could look at you and go, that’s what I want to
    0:41:52 do.
    0:41:53 She did it.
    0:41:54 I want to do it.
    0:41:55 I can do it.
    0:42:02 I’d go, okay, that’s true, but are you aware of what she did that’s not in the bio that
    0:42:11 led to everything that she was able to stack together that then let her go like this?
    0:42:15 The challenge for young people, and I was young once, okay, so I’m like the dad on this
    0:42:16 podcast.
    0:42:17 I don’t mind it.
    0:42:18 You’re still young.
    0:42:19 Thank you.
    0:42:21 I’m older than you probably realize, but here’s what I want you to hear.
    0:42:26 I was like the young, so this is not a knock on young people and I can’t stand when people
    0:42:31 crap on the younger generations like millennials and Gen Z. It bothers me to know it.
    0:42:37 Here’s the thing, the thing about being young is you don’t understand how long things take
    0:42:42 and then you realize, wait a second, successful people, they’re willing to do what it takes
    0:42:44 because a lot of you are going, I’ll do what it takes.
    0:42:48 I’ll do what Holla did, okay, but you also waited as long as it took.
    0:42:52 That doesn’t mean you were sitting around because waiting by the way is not a passive
    0:42:54 posture.
    0:42:55 It’s actually a mature posture.
    0:42:58 In other words, you get up, you were busting at that radio station, you were going out
    0:43:00 here doing this, hanging out.
    0:43:06 I love that on this conversation you’ve mentioned work for free, I think five times, and I can’t
    0:43:07 wait to interview you about that.
    0:43:12 It’s going to be a huge theme because that is a very controversial position in the world
    0:43:17 of TikTok because they’ve got a lot of snowflakes that freak out over that.
    0:43:20 What they don’t understand is that Holla was willing to wait as long as it took.
    0:43:27 In other words, she kept showing up, showing up, showing up, showing up, doing this, doing
    0:43:33 that, meeting this, learning this, and waiting is an active posture.
    0:43:37 It is, I’m going to keep showing up, doing what it takes, knowing that if I keep showing
    0:43:39 up, the right time’s going to find me.
    0:43:40 That’s your story.
    0:43:42 It’s your story too.
    0:43:43 Yeah.
    0:43:48 Well, it’s every successful woman and man, every one of them, they don’t quit, they keep
    0:43:49 showing up.
    0:43:53 And then we look at their story and we go, “Oh, wow, right place, right time.”
    0:43:54 Bull.
    0:43:58 They were in the right place and then the right time found them.
    0:44:02 So are you willing to do what it takes if I wait on the street with a camera crew?
    0:44:03 They all, “Oh, yeah, yeah, yeah, okay.”
    0:44:06 I say, “Are you willing to wait as long as it takes?”
    0:44:10 So that means, are you willing to show up for five years, seven years, nine years?
    0:44:11 Not many people are.
    0:44:12 Amazing.
    0:44:14 Well, let’s talk about your 2021 release.
    0:44:17 It was called Paycheck to Purpose, another bestseller.
    0:44:21 And in it, you talked about talent, passion, and mission.
    0:44:25 And this is a theme that even now you talk a lot about, talent, passion, mission.
    0:44:30 So can you define those three words in your own words and tie it all together?
    0:44:31 Yeah.
    0:44:32 Talent is what we do best.
    0:44:34 Passion is what we love to do most.
    0:44:38 Mission is that result that we care deeply about putting into the world.
    0:44:42 So if I use what I do best, talent, to do what I love passion, to produce results that
    0:44:49 matter to me, mission, I am, by definition, on purpose, doing what I’m supposed to do.
    0:44:51 Doing what I can uniquely do.
    0:44:55 The reason I came up with that methodology is through coaching people and I was trying
    0:44:58 to help them see there’s a formula here.
    0:45:02 The answer to what should I do with my life lies in those three things.
    0:45:03 What are you good at?
    0:45:05 What do you enjoy doing?
    0:45:06 What results move your heart?
    0:45:07 Okay.
    0:45:10 So for instance, an activist, their heart is angered.
    0:45:16 Their heart is broken, angered by an atrocity, broken for the people that are the victims.
    0:45:19 And so their heart moves them to that kind of work.
    0:45:21 Your heart, my heart, probably very, very similar, right?
    0:45:24 Our heart is about achievement and influence.
    0:45:25 We want to help people.
    0:45:28 We want to help people win here.
    0:45:30 Mediocrity is our enemy.
    0:45:34 And so when we understand that last piece, mission, the results that motivate me, we
    0:45:37 tap into the magic of motivation.
    0:45:41 So talent, those are the tools so that we can do work that we enjoy.
    0:45:42 We love.
    0:45:43 We look forward to the work.
    0:45:46 When we get in it, when you were singing, when you were on the air, when we’re doing
    0:45:52 this right now, you and I really, really enjoy this communication piece, this learning, this
    0:45:53 digging.
    0:45:54 How can I learn from?
    0:45:55 How can I pass this on?
    0:46:00 But the last piece is so important to understand intrinsic motivation, and that’s a sense
    0:46:01 of mission.
    0:46:02 We all have it.
    0:46:05 In other words, person who gets up at 5 a.m. in the morning to work out does it only because
    0:46:06 they want to.
    0:46:10 My teenage boys, Hala, only clean their room because they have to.
    0:46:11 Do you see the difference?
    0:46:15 I say to them, you’re not going out with your friends this weekend into this bathroom, doesn’t
    0:46:18 look like a crime scene.
    0:46:19 Clean it up.
    0:46:20 And what do they do?
    0:46:24 And then they do it, but that’s extrinsic motivation.
    0:46:29 They do it to avoid punishment or to get something they want that is going to be withheld from
    0:46:30 them.
    0:46:33 So the person who gets up for the reward itself just because they want to, that’s the idea.
    0:46:35 So those are the three elements.
    0:46:39 When we can see that about ourselves, that’s when we get true self-awareness.
    0:46:44 We’ll be right back after a quick break from our sponsors.
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    0:51:39 So your latest buckets.
    0:51:43 What clear career assessment find the work that you’re wired to do.
    0:51:47 You already put out two books about careers, so why did you feel the need to release this
    0:51:49 new book?
    0:51:50 Because this is actually just a manual.
    0:51:56 It became a bestseller, but we actually wrote this to get the assessment on Amazon.
    0:52:00 It was because I wanted to have more distribution because you can’t sell a digital product
    0:52:01 on Amazon.
    0:52:03 So kind of a fun lesson here.
    0:52:05 You got to do what you got to do.
    0:52:08 The assessment actually measures those three components.
    0:52:09 So I’m glad you asked me that.
    0:52:14 Paychecked a purpose was providing that seven stages of what it looks like to get on top
    0:52:16 of your professional mountain.
    0:52:19 And we do it all through getting clear as that first step.
    0:52:23 Well, I developed an assessment because I wanted to give people a tool that in about
    0:52:28 18 to 20 minutes, you could get a direct report of the world of talent.
    0:52:29 This is your top three.
    0:52:34 And then here’s where you’re above average in the world of passion, the types of work.
    0:52:35 Here’s where your top three are.
    0:52:36 Here’s where you’re above average.
    0:52:42 In your mission results, there’s six driving missions from the world of psychology.
    0:52:47 I just adopted that and it kind of tell you, this is your primary motivator.
    0:52:50 And so you get a deep dive report in those three areas.
    0:52:55 Then we put your top results in a purpose statement that is essentially like a job description
    0:52:59 for you, a dream job description where you can lay it over the world of work and go,
    0:53:05 does this career path, does this job allow me to spend most of my day, let’s call it
    0:53:12 75% of my day using what I do best to do what I enjoy to produce results I care about.
    0:53:14 That’s as simple as it gets.
    0:53:17 And the assessment does that and it’s a fabulous tool.
    0:53:18 It’s not a personality profile.
    0:53:20 You notice I didn’t talk about personality.
    0:53:24 It’s not going to predict some career for you because that’s crap junk science.
    0:53:25 Can’t do that.
    0:53:26 No assessment can.
    0:53:29 But what it does is give you self-awareness.
    0:53:34 And self-awareness is a superpower because when I can see who I really am and what I
    0:53:41 have to offer to the world, that clarity will lead to confidence and confidence will give
    0:53:46 you courage when you step out and life throws something at you.
    0:53:49 Courage just isn’t this thing that we can will up.
    0:53:52 It must come from a place of clarity and confidence.
    0:53:55 And so that’s why we created the tool, the book itself.
    0:54:00 It’s about a 45 minute read and all it does is catches you right at your assessment results
    0:54:01 to get clear assessment.
    0:54:02 It will give you what I just described.
    0:54:04 And the book is written as though I’m coaching you.
    0:54:10 So how do we take this purpose statement and start to ideate, well, what can I do professionally?
    0:54:11 Is it medicine?
    0:54:13 And so we pick up at those questions I gave you earlier.
    0:54:16 People I want to help, problem or desire they have.
    0:54:19 So that the little book is more of a companion to the assessment.
    0:54:20 So that’s why we wrote it.
    0:54:23 Honestly, didn’t expect it to be a best seller.
    0:54:24 Just wanted to get the tool out.
    0:54:29 So here we stand and I’m getting an opportunity to talk about what I think is life changing
    0:54:32 methodology because it’s just self awareness.
    0:54:36 And here’s what I would say to young people, everybody’s chasing greatness.
    0:54:38 And I think it’s misguided.
    0:54:44 I want you to chase uniqueness because it is in your uniqueness that your greatness lies
    0:54:46 because it’s your contribution.
    0:54:50 This is so good for anybody who’s thinking about making a career change.
    0:54:54 So again, I think one of the biggest fears is, oh, I don’t want to waste more time.
    0:55:00 Well, you stop wasting time by having a plan and having self awareness and thinking through
    0:55:03 things and not just shooting in the dark, right?
    0:55:05 So I highly recommend this for everyone.
    0:55:08 But this is an actionable advice podcast.
    0:55:12 So what are some questions that people can ask themselves to understand what their core
    0:55:14 talents are?
    0:55:16 What have people always complimented me on?
    0:55:19 How do I wow others?
    0:55:23 Let’s just hit the rewind button and ask those very practical questions because there’s
    0:55:24 evidence.
    0:55:25 I want to recognize something.
    0:55:30 For people who have had a lot of trauma in a really tough life, this will take some time
    0:55:32 to keep asking.
    0:55:38 But for most of us who’ve had a relatively healthy life and not overwhelmed by challenge,
    0:55:40 there’s going to be multiple times where you can pull up answers.
    0:55:45 How I wow others, what people say about me when they compliment me.
    0:55:47 These are basic questions that will reveal right away.
    0:55:49 Oh, well, there’s a pattern here.
    0:55:52 And something that I love in this book that you talk about is super talents, which is
    0:55:54 something that I’ve never heard of.
    0:55:57 So what’s the difference between a talent and a super talent?
    0:56:01 Super talents are the things that I’m excellent at, just absolutely through experience or
    0:56:04 education or just pure nature.
    0:56:05 I’m excellent.
    0:56:07 I mean, I’m up here.
    0:56:09 And that’s what we give in the assessment, your top three.
    0:56:11 We call those your super talents.
    0:56:13 Now that indicates that below that are some solid talents.
    0:56:18 Let’s use a simple analogy, one being suck, ten being great.
    0:56:22 If you were an eight or nine or a ten, I’d call that a super talent.
    0:56:26 If you are a six or a seven, I’d call that a solid talent.
    0:56:31 In the form of if I get more education, more experience, I put some hard work in and I
    0:56:34 really hone my craft, then I can become super.
    0:56:36 I’ll just be real personal.
    0:56:38 So in the wide world, I write books.
    0:56:40 I write articles.
    0:56:42 I give keynotes.
    0:56:46 I do monologues on a show every day.
    0:56:50 I coach people live in front of thousands of people, just me and a mic.
    0:56:54 And it’s kind of just whoo, you know, or I’m on the air and I got eight minutes.
    0:56:55 So that’s what I do.
    0:57:01 Of those things that I do in my super talents, it would be the discernment and coaching piece.
    0:57:04 When I’m on the spot and I’m listening to somebody, I’m asking and digging.
    0:57:06 I’m really, really good at that.
    0:57:09 The other thing that is a super talent for me is the actual interview themselves, you
    0:57:12 know, when I’m interviewing people and pulling stuff out of them.
    0:57:18 If I’m honest and I am, and by the way, I get feedback from my team, my solid talent
    0:57:20 on that list is the keynote.
    0:57:21 I’m good.
    0:57:22 I’m a good speaker.
    0:57:23 I’m not great.
    0:57:26 I’m working to become great.
    0:57:28 And that’s my own analysis and also feedback.
    0:57:31 I think you’ve got to be honest about that.
    0:57:33 Writing, same deal.
    0:57:36 Good writer, not a great writer.
    0:57:38 So that’s the difference between a super talent.
    0:57:41 Now I can get better at the speaking and have.
    0:57:44 And I can get better at writing and I have, but I still got more work to do.
    0:57:49 Whereas the other ones, just from my natural talent and I’ve had more time, I’ve got more
    0:57:54 experience than the other two with the interviews and coaching people than I did with the speaking
    0:57:55 and writing.
    0:57:56 So what do you do?
    0:58:00 You get better at it, but then you also hire really good editors.
    0:58:04 So that I can take what I’m good at, which is a monologue.
    0:58:06 By the way, I’m better at monologues than I am a 40 minute keynote.
    0:58:09 I’m better at the quick, here’s three points.
    0:58:12 So you go, okay, I need help over here with the writing.
    0:58:17 So I’m going to go hire really talented writers to edit my stuff and coach me and say, you’re
    0:58:19 missing this here.
    0:58:20 You’re not weaving this in.
    0:58:21 This needs a story.
    0:58:27 This is a little too kind of nebulous, kind of out that you need to simplify this for
    0:58:30 the reader because I can’t do that for myself.
    0:58:31 So I hope that answers your question.
    0:58:34 I think that’s the difference and in my own life.
    0:58:36 So I got to pay attention to that.
    0:58:37 Yeah, totally.
    0:58:40 It sounds like you’re not focusing on your weaknesses at all.
    0:58:45 It sounds like you’re just trying to strengthen your talents and your super talents.
    0:58:47 And are you focused on your weaknesses at all?
    0:58:51 Only to the fact that when we have a new team member join, like we just got a new associate
    0:58:53 producer on my team and she’s awesome.
    0:58:59 And on our first meeting, I spent 10 minutes trashing everything that I do that’s awful.
    0:59:01 And she was laughing and she really enjoyed it.
    0:59:02 And it did two things.
    0:59:05 Number one, it let her know that I’m aware of these things that I suck at.
    0:59:10 Being on time, details, can’t ever find my own keys in my house.
    0:59:11 God bless my wife.
    0:59:12 I’m really open about it.
    0:59:15 So I’m only focused on it to tell everybody that I work with.
    0:59:18 Number one, I’m weak in this area.
    0:59:20 Number two, I’m aware of it.
    0:59:24 And number three, in order for us to work well, both of us need to be aware of this.
    0:59:29 And the reason that you’re hired is because you’re actually strong where I am weak.
    0:59:33 So understand our job as a team for each other, not just for Ken.
    0:59:35 This isn’t all about Ken.
    0:59:38 All of us have got to say, this is where I’m weak.
    0:59:41 And to the extent that we remove stuff off of our plate and move it to someone else’s
    0:59:45 plate, we delegate, we hire for it, or we eliminate it all together.
    0:59:49 So yes, I’m not focused on it, but I’m super aware of my weaknesses.
    0:59:54 And my life, by the way, is organized.
    0:59:59 I use that loosely because I’m not very organized, but my life is structured probably in a way.
    1:00:04 And I’ve got team where, again, I operate in my strengths all day long, which is really,
    1:00:05 really rewarding.
    1:00:06 That’s the goal.
    1:00:07 And it’s freeing.
    1:00:10 By the way, it’s freeing to just go, I suck at this because, by the way, your team already
    1:00:11 knows.
    1:00:15 By the way, it’s because you focus on your strengths to become the top of your field,
    1:00:19 so you could get a team to help you with everything else.
    1:00:20 That’s a great point.
    1:00:21 That’s the beauty.
    1:00:23 In Western, I don’t know what, and I’m going to bang on the Western Hemisphere because
    1:00:26 I’m a Western Hemisphere product, so I can make fun of it.
    1:00:28 I don’t see this in the Eastern Hemisphere.
    1:00:29 I really don’t.
    1:00:31 This is a Western way of thinking.
    1:00:34 And I’m not trying to philosophize, just hang with me, folks.
    1:00:39 With Western thinking is we go to school from kindergarten through 12th grade and then
    1:00:42 it’s college, and it’s largely the same system.
    1:00:46 We memorize and we regurgitate, and they grade us on what we get wrong.
    1:00:51 So your whole life, you’ve been conditioned to be afraid of getting anything wrong.
    1:00:54 So what happens is that translates to your weaknesses.
    1:00:59 You experience a weakness as you begin to go to school, or you try out for an extracurricular
    1:01:01 activity, and you begin to experience weakness.
    1:01:04 You go, “Oh, I got to fix that weakness,” instead of going, “I suck at playing the
    1:01:05 clarinet.
    1:01:07 I should probably not play the clarinet.”
    1:01:08 So true.
    1:01:09 So true.
    1:01:10 Do you know what I mean?
    1:01:13 But we’ve been conditioned by a Western thinking to work on your weaknesses.
    1:01:15 And here’s what’s crazy.
    1:01:17 That’s not a thing in the real world of work.
    1:01:19 I don’t care what hemisphere you’re in.
    1:01:20 So good.
    1:01:24 Let’s go a little bit broader and talk about the jobs economy in general.
    1:01:28 And also for some of the entrepreneurs and business owners who listen to the show, I’d
    1:01:33 love to understand how we can translate some of this into empowering our employees.
    1:01:34 So first off, I got to talk about AI.
    1:01:41 I’ve been doing so many AI episodes lately, and a topic that keeps coming up is AI and
    1:01:42 jobs.
    1:01:46 So how do you think about AI’s impact on jobs and what people need to think about?
    1:01:54 I don’t think AI is going to change jobs any more than Apple change jobs, or pick another
    1:01:55 technology.
    1:01:56 Right?
    1:01:57 It’s just the internet.
    1:02:04 If you think about it, anytime in our history where we’ve had a major technological advancement,
    1:02:06 is it eliminated some jobs?
    1:02:07 Yeah.
    1:02:08 Some.
    1:02:09 But what did it do?
    1:02:10 It spun off more.
    1:02:17 And so I actually think that AI is going to spin off jobs that you and I can’t even imagine
    1:02:19 and create in our heads right now.
    1:02:24 I think the job market that my 15-year-old daughter is going to experience, we don’t
    1:02:25 even know.
    1:02:26 We can’t even describe it.
    1:02:28 So I’m not afraid of AI.
    1:02:29 I would say this.
    1:02:32 I’ve talked to Chris Doe, who I think is one of the great minds on AI.
    1:02:34 I had him on my show.
    1:02:35 I just asked him.
    1:02:36 I’ll tell you what he told me.
    1:02:42 He said, “We can’t forget that AI’s effectiveness is completely predicated on the human who
    1:02:43 programs it.”
    1:02:49 So AI’s ability to do anything is based on a human programming it to do that thing.
    1:02:56 And I think that I’m less concerned about AI replacing your job.
    1:03:01 I’d be more concerned about a person who works really well with AI replacing your job.
    1:03:03 I still think it’s the human component.
    1:03:07 So for instance, I do believe the experts that say you’re going to see a pretty good
    1:03:12 percentage of clerical jobs maybe go away, because they can program AI to do all the
    1:03:13 customer service.
    1:03:17 And we’re already seeing in the hiring process where there’s AI software where a human’s
    1:03:22 not even involved sometimes, even to the second or third level of a job interview.
    1:03:24 So is it going to create efficiencies?
    1:03:27 Yes, but you will still need the human-to-human contact.
    1:03:30 So I’m not scared of AI from a work standpoint.
    1:03:35 AI as it relates to warfare, that freaks me out, but that’s not what we’re here to talk
    1:03:36 about.
    1:03:37 But that freaks me out.
    1:03:41 AI in the world of work, no, it’s not going to be a bunch of machines doing the work and
    1:03:42 the rest of us are sitting around eating Cheetos.
    1:03:44 I don’t think that’s going to happen.
    1:03:45 Yeah.
    1:03:46 I think your internet example was so good.
    1:03:51 If I think about my job now, it’s literally 100% based on the internet.
    1:03:52 There’s nothing else.
    1:03:55 I don’t even have any like office or anything.
    1:03:56 It’s just so good.
    1:03:57 Okay.
    1:03:59 Let’s talk about companies and employers.
    1:04:00 So something that I’ve noticed.
    1:04:02 I have 60 people on my team now.
    1:04:07 I’ve been running my company for four years and some of the rock stars that I had in my
    1:04:12 company that used to be rock stars, and I love them still, they’re still great, but
    1:04:14 just giving it as an example.
    1:04:20 Star players four years ago, four years later, as we’ve grown so much as a company, I feel
    1:04:26 like they’re struggling to stay developed, evolve with the company.
    1:04:30 I see some star players that two years ago strongest players on the team.
    1:04:34 Now I’m like, oh, you guys are struggling suddenly and you’re not keeping up.
    1:04:39 How can we develop our employees and help them develop their strengths and skills?
    1:04:42 What can we be doing as bosses?
    1:04:43 Really good question.
    1:04:46 Let me give a quick context and then maybe dive in the specifics.
    1:04:49 I may ask you a couple of questions to fully answer this.
    1:04:54 First we got to understand as leaders and founders specifically that there are a good
    1:04:59 amount of people who got you there who won’t get you to the next level.
    1:05:05 It is very natural for companies to outgrow some of the key people who actually were fundamental
    1:05:10 in getting them to the certain spot, but this comes back to again, talent, passion, mission.
    1:05:14 If you look at the wiring of some of these people that may be struggling with you now
    1:05:18 that didn’t struggle back here, some of it could be fit.
    1:05:24 So as the leader, you got to go, is this a fit issue to the point that there’s another
    1:05:29 seat and I need to get them on another seat where they are now able to plug into the new
    1:05:37 version of our company or do they simply just not have the right makeup for where the company
    1:05:39 is and where the company is going to go?
    1:05:42 That would be from an executive and a leadership analysis.
    1:05:46 That’s my practical advice and you got to be okay and sometimes this really sucks.
    1:05:50 I mean, I’ve coached a lot of CEOs on this who I have to say, look, they don’t have it.
    1:05:54 They can’t take you where you want to go.
    1:05:56 Silly example to try to drive this home.
    1:05:57 I’m big into sports, right?
    1:06:02 So it’s like a college football coach comes in and he’s replacing another coach who left
    1:06:06 and that coach ran a very different style of offense.
    1:06:07 So they had different kind of players.
    1:06:11 Maybe they were run based, big guys and it was like a power offense and this guy comes
    1:06:14 in and goes, we throw the ball all the time.
    1:06:16 So those first couple of years, you know what he’s got to do?
    1:06:21 He’s got to go, which one of these kids can stay with me and adapt?
    1:06:25 And if they can’t, I got to let them go and I got to go recruit other players.
    1:06:28 That’s the simple metaphor there that I think is the issue.
    1:06:33 To answer the second part of your question quickly, how do we develop our people?
    1:06:36 Well, number one, you got to know them.
    1:06:39 And I really like this methodology that I’ve shared.
    1:06:42 We were talking about people trying to find their career, but from a leader standpoint,
    1:06:47 knowing what someone’s talents are, knowing what their passions are, knowing what their
    1:06:53 motivating mission is, you kind of got yourself a profile here, then you go, okay, where can
    1:06:57 they grow and let’s look at their solid talents and let’s show them, hey, I want to invest
    1:06:58 in you.
    1:06:59 All right?
    1:07:01 I’d like to see you invest in yourself here.
    1:07:05 This is where you’ve got some solid talents, but I think with some learning and doing,
    1:07:08 you can turn these into super talents.
    1:07:09 That’s the idea.
    1:07:11 Constant communication so that they have awareness.
    1:07:14 We also know that you care about them and you want them to get better because when they
    1:07:18 get better, their paycheck gets bigger, at least it should in a healthy company.
    1:07:19 So that’s the idea.
    1:07:24 It’s a really smart thing to do as well, because if you find out that maybe there isn’t a place
    1:07:29 in your company now, it’s the best thing for them to go to a company where they will thrive,
    1:07:33 part of being a boss is understanding that people aren’t going to work for you forever,
    1:07:35 and you can help guide them in their career.
    1:07:41 Okay, so last question, two-part question, and then we’ll round this interview out.
    1:07:47 What do you feel like are going to be the biggest challenges for employers when it comes to
    1:07:51 the workplace, and also what are the biggest opportunities?
    1:07:55 Biggest challenge is retention.
    1:08:00 We just are in a day and age coming out of the pandemic where we saw so many people job
    1:08:01 hop.
    1:08:04 There’s this tension in the workplace right now between coming back to work or actually
    1:08:08 back to pre-pandemic levels on people working in the office.
    1:08:11 So those numbers have shrunk back and said there’s this tension because a lot of people
    1:08:16 still want to work remote, remote’s drying up as a percentage.
    1:08:17 Hybrid is still there.
    1:08:21 I think hybrid will be the dominant model going forward, but we’re in this weird tension.
    1:08:24 So retention is everything to your point.
    1:08:28 People aren’t going to stay with you forever, but to the extent that we can keep good people
    1:08:33 longer, then we’re going to see productivity and profitability go, and that’s the key to
    1:08:37 winning, and that’s the competitive advantage is people keeping good people longer.
    1:08:39 The opportunity there is engagement.
    1:08:45 The single most important factor to retention is engagement.
    1:08:49 If people don’t want to be there, they won’t want to lead there.
    1:08:52 So you’re hoping to develop leaders from within, doesn’t mean you have to, you can recruit
    1:08:57 from outside, but we want to create a culture where people want to be there, and people
    1:09:00 want to be there if they aren’t engaged.
    1:09:01 What does engagement look like?
    1:09:04 Well, I hate to keep saying the same note, but it’s true.
    1:09:09 They need to be spending three, fours of their day using what they do best to do what they
    1:09:12 enjoy to produce results that matter.
    1:09:15 It’s your job to get them in a seat on the bus where that’s the case.
    1:09:17 Here’s what’s going to happen.
    1:09:20 They’re going to be really, really engaged because they’re going to enjoy it.
    1:09:21 Think about that.
    1:09:22 That’s not a bad day.
    1:09:25 So that’s what keeps them coming back because there’s true fulfillment.
    1:09:29 Oh, by the way, there’s proficiency because they’re good at it, and the fulfillment comes
    1:09:33 in with the love of the work and the work creates a result that they care about.
    1:09:37 Now, after that, you’ve got to care for them.
    1:09:40 Two questions you’re asking every week in a one-on-one.
    1:09:42 How are you doing?
    1:09:43 That’s a personal thing.
    1:09:45 “Hala, I know your dog’s been struggling.
    1:09:46 That’s got to be tough.
    1:09:48 Is she going to make it?”
    1:09:51 You know, whatever’s going on in their personal life, know enough about them where they go.
    1:09:52 “Do you need to take a day?
    1:09:53 Take a day.
    1:09:55 Go be with the sweet pup.”
    1:09:56 That’s real leadership.
    1:09:57 How are you doing?
    1:09:58 It’s a personal question.
    1:10:01 Now, they’re not going to give you that right away, but you ask it enough and you show them
    1:10:04 that you care about them and they begin to tell you what’s going on, and for the purposes
    1:10:08 of not creeping or overstepping, but just they know that you care about them and you’ll
    1:10:13 give them what they need as a person so they’re not dragging stress from home into the office.
    1:10:14 That’s key.
    1:10:18 Second question is, “What can I do to help you win in your job?
    1:10:21 What can I do for you so you can win?”
    1:10:25 That second question, they’ll begin to tell you that the more you ask the first question,
    1:10:30 because until they know you care, they won’t trust you enough to go, “Well, I don’t feel
    1:10:32 like my training was long enough and I’m struggling here.
    1:10:37 If I got a little bit more training on that, I could turn the corner and I could crush
    1:10:38 it.”
    1:10:40 That’s a really tough thing for people to share that’s a vulnerability.
    1:10:45 I think that right there is where you can get engagement because then people are saying,
    1:10:47 “I’m cared for here.
    1:10:48 I’m valued here.
    1:10:51 I don’t know if I’d get treated that way somewhere else.”
    1:10:57 That will lead to that loyalty and the longevity, which is what we want in engagement.
    1:10:59 I think that’s the game changer.
    1:11:01 I love all of this advice.
    1:11:03 You gave me so much to think about for my own company.
    1:11:07 I feel like all the things that you told me about just how other people need to think
    1:11:12 about their career for me and other entrepreneurs listening, I feel like probably was super,
    1:11:13 super insightful.
    1:11:15 Thank you so much for all of that.
    1:11:18 I end my show with two questions that I ask all my guests.
    1:11:20 You can steer away from the topic.
    1:11:22 It doesn’t have to be about today’s topic.
    1:11:23 Just answer from your heart.
    1:11:28 The first one is, “What is one actionable thing our young and profitors can do today
    1:11:30 to become more profitable tomorrow?”
    1:11:35 Reflect at the end of every day on two questions.
    1:11:39 Where did I win and where did I lose?
    1:11:40 So good.
    1:11:41 That sets you up for tomorrow.
    1:11:47 Just really being present enough to go, “What did I learn today about where I won and where
    1:11:48 I lost?”
    1:11:51 I think it’s a game changer.
    1:11:57 What is your secret to profiting in life and this can go beyond just money and business?
    1:12:01 Being the best version of me and I’ve got multiple versions.
    1:12:07 I’ve got husband, dad, son, brother, friend, co-worker.
    1:12:14 If I can continually look to where can I be better in each of those roles, I’m truly profiting.
    1:12:15 Ken, you are awesome.
    1:12:17 I had so much fun in this conversation.
    1:12:18 You are so smart.
    1:12:20 You’re so energetic.
    1:12:22 It was such a pleasure to interview you.
    1:12:25 Where can everybody go learn more about you and everything that you do?
    1:12:26 Thank you.
    1:12:30 Iconicom is the place to connect on all the things and really appreciate you and what
    1:12:32 you’re doing.
    1:12:38 You’re a bright star and you’re a big screw you to all the people who said millennials.
    1:12:41 They were the generation that was going to be soft on all this and millennials are the
    1:12:45 number one demographic in the workforce now and you represent them well and you’re crushing
    1:12:46 it.
    1:12:50 You’re leading and our economy depends on your generation and I’m cheering you on.
    1:12:52 Oh, thank you so much.
    1:12:58 Thanks so much for joining us.
    1:12:59 Well, yeah, bam.
    1:13:05 That was probably one of my favorite conversations of the year because Ken just had such a great
    1:13:08 energy and I feel like we had great chemistry.
    1:13:14 And I hope you got a lot out of my conversation with Ken Coleman because so many of us go
    1:13:20 through that period, especially in our 20s and even our 30s or 40s.
    1:13:25 It doesn’t really matter how old you are, but you feel discouraged and confused about
    1:13:33 what you want to exactly do with your life and you’re never ever too old to make a change.
    1:13:38 This point in your life can happen where you feel that deep feeling of loss that Ken talked
    1:13:43 about, the feeling like you’re wasting your life or doing the wrong thing.
    1:13:44 Nothing matters.
    1:13:48 You have no passion, no purpose and it’s a horrible feeling.
    1:13:50 I was there.
    1:13:56 I was there having that feeling before I started this podcast, but it’s never too late to
    1:13:57 turn that page.
    1:14:02 And sometimes you don’t have to turn that page all that far to get started.
    1:14:07 Remember, you can get an enormous benefit from even just a slight pivot from leaning
    1:14:13 into something a little bit different from pursuing an interest or a talent in a slightly
    1:14:14 new direction.
    1:14:22 I know I felt the power of that slight pivot when I shifted from singing to radio to podcasting.
    1:14:25 And maybe it’s not a pivot that you need.
    1:14:28 Maybe it’s just some life experiences.
    1:14:31 Go out there and experiment.
    1:14:33 Find out what you really like to do.
    1:14:37 Work for free if you have to, even if you don’t have to.
    1:14:41 It will pay off in the long run and I promise you that there’s no better way to discover
    1:14:47 your own talents or even your super talents as Ken calls them.
    1:14:51 And so for example, guys, I’m running a multi-million dollar company right now, but I work for
    1:14:53 free all the time.
    1:14:56 One way that I work for free is I started a charity project.
    1:15:02 I have a volunteer organization where we’re working on a documentary series that I hope
    1:15:04 to announce soon.
    1:15:06 And it’s something I’ve never done before.
    1:15:08 I’ve never done documentaries.
    1:15:09 It’s all these new learnings.
    1:15:10 We’re working together.
    1:15:15 We’re bonding and I’m learning so many different skills.
    1:15:18 It’s just a slight pivot from what I’m doing, but I’m learning new skills.
    1:15:19 And guess what?
    1:15:20 I’m not making a dime.
    1:15:23 I’m just getting the experience.
    1:15:28 Another way that I work for free now is I take speaking engagements.
    1:15:32 And if it makes sense, they’re going to fly me out on a big stage, but they say, “Hey,
    1:15:35 Hala, it’s going to be a thousand people in the room and your name is going to be on
    1:15:36 that stage.”
    1:15:39 And it’s great experience, but we can’t pay you.
    1:15:41 We don’t have a budget to pay you.
    1:15:46 Right now, I’m okay to say yes, because I’m not the number one speaker in the world.
    1:15:48 I don’t have all this experience.
    1:15:51 I’m still growing my experience.
    1:15:55 And so it’s enough for me to get flown out right now if it’s a big enough stage.
    1:15:57 And I want to just rack up those experiences.
    1:15:58 I want to get the footage.
    1:16:05 I want to feel confident because when you figure out your talents and you use your experiences
    1:16:10 paid and free to sharpen them, this builds confidence.
    1:16:13 And confidence is truly everything in business.
    1:16:18 And part of being confident, like Ken said, is to also be able to say, “I suck at this
    1:16:19 particular thing.
    1:16:21 I suck at it.
    1:16:26 I’m not good at this, and it’s okay to not focus on what you’re not good at.
    1:16:28 You’re not going to be good at everything.
    1:16:31 For example, I’m really good at making money.
    1:16:32 I’m really good at innovating.
    1:16:34 I’m really good at marketing.
    1:16:39 But I’m not that really good and I’m not passionate about tracking all of it and figuring out
    1:16:42 finances and figuring out the books.
    1:16:43 I don’t want to do that.
    1:16:50 I have a CFO who does that, a business partner who does that because I know that if I focused
    1:16:57 on those skills, I would be taken away from making my super talents like selling, marketing
    1:17:00 and all that kind of stuff even better.
    1:17:04 And it’s better for my company for me to get better at the things I’m already good
    1:17:05 at.
    1:17:09 So lean into the things that you can do and get help when it comes to those things that
    1:17:10 you can’t.
    1:17:14 Thanks for listening to this episode of Young and Profiting Podcast.
    1:17:19 I’d love for you to take a slight pivot right now instead of turning this podcast off right
    1:17:25 away or skipping to the next episode, please take a couple minutes and write us a five-star
    1:17:30 review on Apple podcast or Spotify or wherever you listen, Cast Box.
    1:17:33 I know I have so many listeners on Cast Box.
    1:17:36 Please take a moment, write us a review, write us a comment.
    1:17:39 I would love to hear your feedback.
    1:17:43 I read our reviews every day and I’m so thankful for the thousands of reviews that we have
    1:17:45 on this podcast.
    1:17:49 And if you want to watch your podcasts on YouTube, you can find us there.
    1:17:54 One thing to note is that I’m moving to an in-person studio setup later this summer.
    1:17:56 I’m so excited for that.
    1:18:00 I feel like it’s going to level up our whole YouTube experience and I think it’s going
    1:18:04 to really grow the podcast and I’m just so excited about that.
    1:18:10 So cross your fingers for me and say a prayer that I find the perfect studio in Manhattan.
    1:18:15 And if you’re looking for me, you can find me on Instagram @yapithala or LinkedIn by
    1:18:16 searching my name.
    1:18:17 It’s Hala Taha.
    1:18:32 This is your host, Hala Taha, aka The Podcast Princess, signing off.
    1:18:36 [MUSIC PLAYING]
    1:18:44 [BLANK_AUDIO]

    In broadcast school, 30-something-year-old Ken Coleman stood out in a class filled with students 10 years younger. But he was a man on a mission. Leaving behind his soul-sucking job and political ambitions, he pursued broadcasting despite fears and self-doubt. Ken worked for free and endured many humbling moments to build a fulfilling career as a nationally syndicated radio show host. In this episode, he offers insights into discovering your dream career by leveraging your unique talents, passions, and mission.

    Ken Coleman is a career expert and bestselling author known for his practical advice on finding meaningful work. He’s a regular co-host on The Ramsey Show and the host of The Ken Coleman Show. 

    In this episode, Hala and Ken will discuss:

    – Ken’s early career struggles

    – Practical steps to discover your dream career

    – Why you must align your talents, passions, and mission

    – Trial and error in finding the right career path

    – Tips for continuous personal and professional growth

    – The impact of AI on the future job market

    – Finding meaning in work for personal fulfillment

    – The power of proximity for achieving career goals

    – Why it’s never too late to pursue a new career 

    – Strategies for improving employee retention 

    – And other topics… 

    Ken Coleman is a bestselling author and host of The Ken Coleman Show, a nationally syndicated radio show that helps individuals discover their dream jobs and live fulfilling careers. Known as America’s Career Coach, he also co-hosts The Ramsey Show, providing practical career advice to millions. He has authored books like The Proximity Principle and his latest, Get Clear Career Assessment. Ken regularly speaks on personal development, career advancement, and leadership across the country.

    Connect With Ken:

    Ken’s Website: https://www.ramseysolutions.com/ken-coleman 

    Ken’s LinkedIn: https://www.linkedin.com/in/kencoleman-/ 

    Ken’s Twitter: https://x.com/KenColeman 

    Ken’s Instagram: https://www.instagram.com/kencoleman/ 

    Ken’s Facebook: https://www.facebook.com/KenColemanShow/ 

    Ken’s YouTube: https://www.youtube.com/c/TheKenColemanShow 

    Ken’s Podcast, The Ken Coleman Show: https://podcasts.apple.com/ph/podcast/the-ken-coleman-show/id1274217512 

    Resources Mentioned:

    Ken’s Books:

    Get Clear Career Assessment: Find the Work You’re Wired to Do: https://www.amazon.com/Get-Clear-Career-Assessment-Youre/dp/B0CSCY1CH5 

    From Paycheck to Purpose: The Clear Path to Doing Work You Love: https://www.amazon.com/Paycheck-Purpose-Clear-Path-Doing/dp/1942121539 

    The Proximity Principle: The Proven Strategy That Will Lead to a Career You Love: https://www.amazon.com/Proximity-Principle-Proven-Strategy-Career/dp/0978562038 

    TED Talk by Mihaly Csikszentmihalyi, “Flow, the Secret to Happiness:” https://www.ted.com/talks/mihaly_csikszentmihalyi_flow_the_secret_to_happiness 

    LinkedIn Secrets Masterclass, Have Job Security For Life:

    Use code ‘podcast’ for 30% off at yapmedia.io/course.

     

    Sponsored By:

    Shopify – Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify 

    Indeed – Get a $75 job credit at indeed.com/profiting 

    Facet – For a limited time Facet will waive $250 enrollment fee for new annual members! Visit facet.com/profiting for details.

    Kajabi – Get a free 30-day trial to start your business at Kajabi.com/PROFITING 

    LinkedIn Marketing Solutions – Get a $100 credit on your next campaign at linkedin.com/YAP  

     

    More About Young and Profiting

    Download Transcripts – youngandprofiting.com

    Get Sponsorship Deals – youngandprofiting.com/sponsorships

    Leave a Review – ratethispodcast.com/yap

    Watch Videos – youtube.com/c/YoungandProfiting

     

    Follow Hala Taha

    LinkedIn – linkedin.com/in/htaha/

    Instagram – instagram.com/yapwithhala/

    TikTok – tiktok.com/@yapwithhala

    Twitter – twitter.com/yapwithhala

     

    Learn more about YAP Media’s Services – yapmedia.io/

  • YAPClassic: Jenna Kutcher on Finding Rest in a Hustle Culture and Building a Business That Actually Fulfills You

    AI transcript
    0:00:05 Today’s episode is sponsored in part by Teachable, Fundrise, Mint Mobile, Working Genius, Indeed,
    0:00:06 and Shopify.
    0:00:11 Teachable makes it easy for creators to monetize their content with full control.
    0:00:15 Head to teachable.com and use code “PROFITING” to claim your free month on their pro-paid
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    0:00:45 Get 20% off the $25 Working Genius Assessment at workinggenius.com with code “PROFITING”
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    0:01:04 Sign up for a $1 per month trial period at Shopify.com/profiting.
    0:01:09 As always, you can find all of our incredible deals in the show notes.
    0:01:13 Yeah, BAM!
    0:01:23 Welcome to YAP Classic!
    0:01:28 Today we are going to be playing my first interview with Jenna Kutcher.
    0:01:33 Now Jenna Kutcher came on the show for episode 295 earlier this week, this Monday, where
    0:01:39 we talked about all the different ways that girl makes money and damn, she makes a lot
    0:01:40 of money.
    0:01:45 But the thing about Jenna is that she only does what she feels like doing.
    0:01:49 She tells me no all the time, like, no, I don’t want to do that, that sounds too hard.
    0:01:50 I’m not into that.
    0:01:55 For me, I’ve got to work hard, got to do it, hustle, grind, and I make money that way.
    0:01:59 And I make a lot of money too, but man, Jenna really attracts money.
    0:02:01 She’s so inspiring.
    0:02:03 She’s the ultimate entrepreneur/mom.
    0:02:05 She’s an expert on online marketing.
    0:02:10 She’s the host of the hugely, hugely successful podcast, the Gold Digger Podcast, which by
    0:02:15 the way is exclusively in the YAP Media Podcast Network, my podcast network.
    0:02:19 And she’s also the author of How Are You Really?
    0:02:24 Today, I’m replaying my episode 242, where Jenna and I speak about building a business
    0:02:26 that fulfills you.
    0:02:30 She shares her best actionable advice, social media strategies, productivity hacks, and
    0:02:36 entrepreneurial wisdom that helps her figure out her own direction and become a self-made
    0:02:37 millionaire.
    0:02:42 Jenna is truly one of the women that I admire the most.
    0:02:46 And I’m really excited that you guys get to hear her back to back because she is truly
    0:02:48 somebody that you should be following.
    0:02:53 But further ado, here’s my conversation with Jenna Kutcher that kicked off our amazing
    0:03:00 friendship and business relationship.
    0:03:04 You grew up in Minnesota, a pretty small town.
    0:03:08 Did you have any inkling that you were going to be an entrepreneur when you were a little
    0:03:09 girl?
    0:03:14 I would say no, but as I started to unpack different things in my life, I’m like, maybe
    0:03:15 it was I was in me.
    0:03:18 So I am a first-generation entrepreneur.
    0:03:19 My dad worked at a paper mill.
    0:03:20 My mom was a teacher.
    0:03:26 We had no entrepreneurs in our family, but I was this little girl who very early on had
    0:03:29 to earn money to get the things she wanted.
    0:03:31 And so my parents always instilled that value.
    0:03:37 So we lived on this dirt road, and I would host the most epic lemonade stands on a dirt
    0:03:39 road that was very seldom trafficked.
    0:03:43 And I’m fairly certain my mom would call our neighbors and beg them to come over to buy
    0:03:47 lemonade from this little girl who had all these hopes and dreams.
    0:03:53 And so when I look back at things like that, there was a piece of me that felt very entrepreneurial,
    0:03:57 but it was never on my vision board, never something that I envisioned as a possible
    0:03:58 career choice.
    0:04:02 Yeah, because when you’re younger, when people ask you what you want to be when you grow
    0:04:05 up, entrepreneur is not really on the table.
    0:04:08 It’s like firefighter, teacher, cop.
    0:04:11 Nobody really talks about entrepreneurship, but it’s funny when you look back how you
    0:04:14 can think of stories even myself.
    0:04:15 I used to have slushy stands.
    0:04:19 I used to sell artwork, put all my cousins to work to make art so I could sell it.
    0:04:24 I was always a little entrepreneur, and then it didn’t come full circle until my 20s.
    0:04:26 And I know that’s the same with you.
    0:04:29 Another thing that I found out about your childhood is that you were a pretty intense
    0:04:30 gymnast.
    0:04:33 Now, tell us about that experience.
    0:04:38 Do you feel like any of that experience has then translated later on in your career as
    0:04:40 an entrepreneur?
    0:04:41 Totally.
    0:04:46 So it’s wild because I now have daughters and my daughters are above the age that I was
    0:04:47 when I started.
    0:04:52 So I started when I was three and I got so passionate about it.
    0:04:58 And there are so many things about it where we had to move to like a club facility that
    0:05:01 could support my growth and my parents couldn’t afford it.
    0:05:06 It was super expensive when I look at how expensive it was to do lessons every single
    0:05:07 day of the week.
    0:05:14 So my mom, who was a teacher and a nurse, she was smart enough to notice in the gym that
    0:05:16 there were areas that needed renovation.
    0:05:21 And so my parents couldn’t afford to pay for my tuition, but my mom was like, “We’re going
    0:05:22 to figure this out.”
    0:05:28 And so she negotiated with the gym owner and said, “Hey, we can put in some sweat equity.
    0:05:29 We can paint the locker room.
    0:05:33 We can fix the kitchen in the gym if you allow Jenna to go for free.”
    0:05:38 And so every single year, my parents, my grandparents, my siblings, we would all go and work at the
    0:05:43 gym for a week and update a certain area of the gym to help me afford this passion of
    0:05:44 mine.
    0:05:47 And when I look back at that, it makes me so emotional because I’m like, “My parents
    0:05:48 never said no.”
    0:05:50 They said, “We’ll figure it out.”
    0:05:54 And I feel like that’s followed me into entrepreneurship, but there’s so much about that sport.
    0:06:01 When I look back, I was tween and I was working out eight hours a day in the summer, four days
    0:06:02 a week.
    0:06:06 There’s so much work ethic involved in that, but there was also so much joy.
    0:06:10 And I feel like entrepreneurship is a lot like that, where they always say entrepreneurs
    0:06:15 are the only people that would be willing to leave a nine to five in order to work 24/7.
    0:06:17 And I feel like so much of that carried me through.
    0:06:22 And so when I look back at that, I think a lot about how driven I was, but how I still
    0:06:25 found the joy in that work.
    0:06:26 I love that.
    0:06:27 That’s such a sweet story.
    0:06:29 It’s so nice to hear that your parents supported you.
    0:06:35 And I’m actually doing a series with Olympians right now in partnership with the Olympics.
    0:06:40 And almost all of the people who I interview, actually, everyone had some crazy support
    0:06:44 system because when you’re a kid wanting to do a sport, these things are expensive.
    0:06:49 It takes like a whole village to ensure that you could progress in your sports career.
    0:06:52 It’s so interesting to note that you also had that experience.
    0:06:59 So your career journey, you ended up going to college, not thinking about being an entrepreneur
    0:07:04 again, like you were sort of molded into what society wants of you, and you end up being
    0:07:05 in corporate.
    0:07:11 And I know that in your book, you talk about being in a windowless HR office.
    0:07:13 So talk to us about that moment.
    0:07:14 How did you end up getting there?
    0:07:17 What was the beforehand of that?
    0:07:18 And what were you doing at the time?
    0:07:19 What were you feeling at the time?
    0:07:21 I was so fortunate in college.
    0:07:24 I always had an internship going on.
    0:07:27 So I was a part of this work study thing to earn my way through school.
    0:07:33 And so before my senior year, I did an internship with Target, and we’re from Minnesota.
    0:07:35 Target is headquartered in Minnesota.
    0:07:36 It’s a big deal, right?
    0:07:38 Like we love Target.
    0:07:43 And so I worked an entire summer in a store and was given a job opportunity straight out
    0:07:49 of college, which felt like a dream come true, to be able to graduate college, having a contract,
    0:07:52 having the security, having benefits, and all of those things that have been instilled
    0:07:57 in me, especially being from the Midwest with that wholesome culture of like, you just work
    0:07:58 hard.
    0:08:03 And so I got into working for Target, and I was in HR.
    0:08:05 And I loved my team.
    0:08:07 I loved the people I worked for.
    0:08:11 But I started to recognize that there was this retail aspect, which meant I was working
    0:08:13 nights, weekends, holidays.
    0:08:18 Gearing up for Black Friday was like gearing up for the Olympics, and I recognized that
    0:08:23 in this sort of position, I was never going to have experiences like holidays.
    0:08:28 I was never going to experience things through the lens that I had envisioned in my life.
    0:08:32 My big dream was to end up in the corporate headquarters in a beautiful office with windows
    0:08:34 and high heels and all these things.
    0:08:39 And here I am working the office job plus working on the floor in a store with this
    0:08:43 fancy title that didn’t really mean much of anything.
    0:08:48 And so I had this really eye-opening experience when I sat down with my boss and Target is
    0:08:49 an incredible culture.
    0:08:53 They have really great leadership skills, like I learned so much.
    0:08:55 And she said, “Here’s your five-year plan.
    0:08:58 We have planned out the next five years for you.
    0:09:00 This is so exciting, isn’t it?”
    0:09:03 And never once did they say, “What do you envision for yourself in five years?
    0:09:05 Where do you want to go?”
    0:09:08 And as I looked at the map that they laid out in front of me, all that it meant was
    0:09:10 more work for more money.
    0:09:12 It was that trading time for money.
    0:09:16 And I realized I don’t want someone to plan my life out for me.
    0:09:19 I want to be the author of the plan of my life.
    0:09:21 And that was a huge wake-up call.
    0:09:25 I remember going back into my office and I had a picture of my then-at-the-time fiancee
    0:09:28 who is now my husband of over a decade.
    0:09:31 And I saw this picture of him and I was like, “Do I want to spend my life in this office
    0:09:35 looking at a picture of the person I love or do I want to figure out a way to build
    0:09:38 something different that allows me to spend time with the person I love?”
    0:09:41 And that was just a huge wake-up call for me.
    0:09:42 I love that.
    0:09:47 And so you found yourself 23 realizing that you wanted to make a total shift.
    0:09:52 From my understanding, you went on Craigslist, you bought a $300 camera, and you started
    0:09:53 a wedding photography business.
    0:09:56 This is a big thing to do at 23.
    0:09:57 Talk to us about that.
    0:09:58 Oh, my gosh.
    0:10:02 So I did not buy the camera thinking I’m going to start a business.
    0:10:05 I have always loved documenting life.
    0:10:10 I was the annoying kid bringing a camera to all the college parties in the empty basements.
    0:10:14 I was the person who, like, I just loved images.
    0:10:18 I would often look through my parents’ wedding album and have them tell me about their day.
    0:10:20 Like, I just loved that.
    0:10:24 And at the time, I was planning my wedding to my husband, and we couldn’t afford to
    0:10:26 hire a photographer for all of these big things.
    0:10:31 And so I was like, “Let’s get a nice camera and then we’ll have nice photos of certain
    0:10:33 milestones in that wedding process.”
    0:10:37 And I very quickly started to fall in love with the art of it, which is wild because
    0:10:40 I had never taken a single art class.
    0:10:42 So I had no skill in photography.
    0:10:44 I just had an eye.
    0:10:48 And I feel like something that, in reflecting and looking back, I have always been someone
    0:10:51 who is so good at reverse engineering results.
    0:10:55 So when I see that someone gets a result, I’m like, “Okay, what went into getting that?”
    0:10:57 And that’s how it was with photography.
    0:10:59 It was pre-pinterest.
    0:11:03 There were very few wedding blogs at the time, but I would find myself looking at wedding
    0:11:07 magazines and imagining, “Okay, where would they be standing in order to get that?”
    0:11:09 And I started offering to take pictures for friends.
    0:11:14 I would bring my camera along to weddings, which is a huge annoyance to real photographers.
    0:11:19 And yet there I was on the sidelines, so excited about capturing moments and getting home and
    0:11:20 looking at those moments.
    0:11:23 And very slowly, I started to post these things.
    0:11:28 I remember my brother and sister-in-law got married in Jamaica and they had a resort photographer.
    0:11:30 And I was like, “No, no, no, that’s not going to be good enough.”
    0:11:35 So I was hanging her dress up from palm trees and putting out her little split flops with
    0:11:37 their wedding rings and styling all this.
    0:11:38 And I just came alive.
    0:11:42 And I had this Facebook album titled, “My First Wedding Photography Project.”
    0:11:44 I think it got four likes in total.
    0:11:47 But that was where it all started for me, is I was like, “This is a passion.
    0:11:48 This is a thing.
    0:11:51 I wonder if I can actually turn it into a career.”
    0:11:54 And it took me an entire year to do just that.
    0:11:58 But once I became passionate, it was like I couldn’t turn it off.
    0:11:59 I love that.
    0:12:04 I love the fact that you got so passionate about it, that you put yourself in the position
    0:12:06 to gain experience.
    0:12:10 Even if it meant working for free, you were so passionate about it that you probably learned
    0:12:14 so much about being a photographer, about the equipment itself, about how to capture
    0:12:15 these images.
    0:12:17 I always talk about this on my podcast.
    0:12:23 A lot of people want to be things, but they don’t throw themselves into it and fully absorb
    0:12:26 themselves into everything that goes along with it.
    0:12:31 That’s how you become the best and why people want to pay you a lot of money to do the services
    0:12:32 that you do.
    0:12:36 You’re really good at what you do, and that takes time and experience, and sometimes that
    0:12:40 means working for free to get that knowledge and experience.
    0:12:42 I love that.
    0:12:46 You were talking about before how sometimes as entrepreneurs, we quit at nine to five
    0:12:48 only to work 24/7.
    0:12:50 You ended up quitting your job.
    0:12:51 Your business took off.
    0:12:55 I think you won many awards, the top wedding photographer in your area and everything like
    0:12:56 this.
    0:12:59 You were crushing it, but then you started to feel burnt out.
    0:13:00 Talk to us about that.
    0:13:01 Oh, my gosh.
    0:13:07 I will never forget the day, Hala, when I reached this elusive goal that I had set for
    0:13:08 myself.
    0:13:12 I think we do this a lot in life where we set these arbitrary goals of once I run a marathon,
    0:13:18 once I reach 100K, once I do all these things, then my life will be complete.
    0:13:21 I had set this goal of earning six figures.
    0:13:24 It was a number that felt like $10 million.
    0:13:25 It felt so astronomical.
    0:13:28 Neither of my parents had ever earned six figures.
    0:13:30 It felt impossible.
    0:13:31 I remember the day that I hit it.
    0:13:34 It was three years into my wedding photography career.
    0:13:36 I had exponentially grown my business.
    0:13:37 I had grown the skill.
    0:13:40 I had grown the expertise and the notoriety.
    0:13:41 I remember the day I hit six figures.
    0:13:46 I was standing in the shower, washing my hair with the same herbal essence that I had the
    0:13:50 day before thinking, “I thought this would feel different.”
    0:13:52 I remember wondering, “Where is the confetti?
    0:13:54 Where are those gold cellophane balloons?
    0:13:58 Where are the people on my porch cheering me on?”
    0:14:04 I had this feeling not of joy, not of excellence, but this feeling of emptiness.
    0:14:10 I had created this super successful business that had robbed me of my number one currency,
    0:14:11 which was time.
    0:14:16 I think for so many entrepreneurs, when we’re starting out, we are willing to trade time
    0:14:17 for money.
    0:14:20 That is usually the requirement to get a business off the ground.
    0:14:24 At some point, we hit this tipping point where suddenly time becomes our currency.
    0:14:27 We’re willing to exchange money to buy back time.
    0:14:29 I hadn’t recognized that yet.
    0:14:33 I remember the next day, my husband comes home from work.
    0:14:36 He’s slinging wine and selling wine in grocery stores.
    0:14:38 I had this whole spreadsheet and I said, “Will you sit down with me?”
    0:14:41 I said, “I’m going to say something I never thought I would say.”
    0:14:44 I said, “Screw six figures.
    0:14:47 I was so much happier when I made 50 grand a year.
    0:14:48 Can we go back to that?”
    0:14:52 I thought that he would push back or be like, “No, absolutely not.
    0:14:53 We’re doing it.”
    0:14:55 He looked relieved.
    0:14:58 He looked like he was about to get his wife back.
    0:15:01 How many of us have lost ourselves in our businesses?
    0:15:05 We started these businesses to get freedom and all of a sudden, we realized we’re shackled
    0:15:10 to our laptops or we’re booked out every single weekend for months on end.
    0:15:16 What I did is I cut back to earn 50K again because that was my currency.
    0:15:21 Time was my currency, but when I did that, I built a million-dollar business.
    0:15:27 That threw intention, but because I now had time to be creative again, to learn new things,
    0:15:32 to dive deep into different aspects of entrepreneurship that I hadn’t been able to explore because
    0:15:34 I was too busy.
    0:15:39 It was crazy because in the year that I wanted to pull back and earn half, I ended up 10Xing
    0:15:40 my income.
    0:15:41 Wow.
    0:15:43 What year was this?
    0:15:46 This was probably 2015, I believe was the year.
    0:15:47 Got it.
    0:15:53 I know that 2016 was a really huge year for you because that’s when you launched your
    0:15:58 first online course, you launched your first email list, you launched the Gold Digger podcast,
    0:16:04 which guys is a huge podcast for so many years now, one of the biggest podcasts in the world.
    0:16:08 You also have a huge Instagram profile that I think has been around for a long time.
    0:16:10 I was curious to understand what happened first.
    0:16:14 I’m assuming a lot of this transition happened in 2015 like you’re just talking about now.
    0:16:16 What did you do first?
    0:16:20 When did you first started making other revenue streams outside of your wedding business and
    0:16:23 becoming more of a digital personality?
    0:16:30 In 2015, when I finally cut back, I started to take online courses.
    0:16:34 I didn’t even know they were a thing, I didn’t know they existed, I didn’t know what I would
    0:16:35 learn in them, I didn’t know.
    0:16:40 The first online course I took, I had gotten on the phone with this guy, he was doing a
    0:16:43 free coaching call and I was like, “I don’t have a business coach, I’ll get on this free
    0:16:44 call.”
    0:16:49 In that coaching call, he sold me his course and I said, “I will only buy this course if
    0:16:51 you teach me how you made it.”
    0:16:56 I knew that while the content inside of the course would be great, what I really wanted
    0:16:59 to know and get the steps of is how can I create my own?
    0:17:02 No one was teaching that at the time.
    0:17:06 He delivered his actual course, but then he also did calls with me where I’m like, “What
    0:17:07 did you use to record this?
    0:17:08 How are you uploading it?
    0:17:10 How are you delivering it?”
    0:17:14 What I had started doing is in the off season because my wedding season in the Midwest was
    0:17:16 about six months of the year.
    0:17:20 In my off season, I had started mentoring other photographers, but I started to recognize
    0:17:24 there were so many themes in the things they were asking me.
    0:17:28 They had the same questions, they wanted the same information, they wanted to understand
    0:17:32 this one piece of my business and I was like, “Okay, I can continue to do these one-on-one
    0:17:39 sessions in the kitchen of my condo or I could create something that could serve many.
    0:17:41 I could create it once and serve many.”
    0:17:43 I needed to figure out how to do that.
    0:17:47 That’s when I started really diving deep into what is this online world?
    0:17:51 The first time I got on the phone with this business coach, she said, “Jenna, how big
    0:17:52 is your list?”
    0:17:53 I thought he meant my to-do list.
    0:17:57 I was like, “What do you mean my to-do list is so long?”
    0:17:58 He wasn’t talking about that.
    0:18:01 He was talking about my email list.
    0:18:04 I did not even understand why would anyone want an email list?
    0:18:05 Do people even read emails?
    0:18:07 What do I have to say?
    0:18:08 How does this work?
    0:18:13 That was when I really got turned on to email marketing and understanding that it’s an asset
    0:18:14 that you own.
    0:18:18 You can’t control the experience that your Instagram followers get or followers on other
    0:18:21 platforms, but an email list is this asset.
    0:18:26 It’s not shiny, it’s not sexy, but it’s something that you absolutely have to invest in.
    0:18:32 That was when I started to go deep into this digital space of email list building, online
    0:18:35 course creating, what does this all look like?
    0:18:41 That was when I really started to see my business start to take off in a different direction.
    0:18:45 You built your email list and you launched a course and you tell me the order of everything.
    0:18:47 How did it all blow up?
    0:18:49 Your platforms are really impressive.
    0:18:53 The first course that I launched was in 2015 and it was kind of my trial run of how do
    0:18:54 I do this?
    0:18:57 I only had 841 people on my email list.
    0:18:59 This was not a huge audience.
    0:19:02 I think a lot of people are like, “Okay, well now I got to get tons of people.”
    0:19:05 841 people on my email list.
    0:19:07 The price of the course was $1,500.
    0:19:08 Get this, Hala.
    0:19:12 It was audio-only because I didn’t know how to do any video, I didn’t know how to edit.
    0:19:17 I literally recorded it into a microphone while sitting into my bed and I made $35,000
    0:19:22 on my first course launch with no paid ads back in 2015.
    0:19:26 This was something that was amazing because I’m like, “Wait, people need to know what
    0:19:28 I know.
    0:19:29 People want the shortcuts.”
    0:19:32 Yes, they could go out and Google it, but they’re not going to piece it together in
    0:19:33 the way that I want.
    0:19:36 They want the roadmap.
    0:19:42 This is a sustainable way to create something once, serve many and get other people results.
    0:19:47 That was so transformative to me where I was like, “I made almost half of my salary in
    0:19:50 one launch if this can work.
    0:19:53 Think about what would happen if I threw gasoline on the fire.”
    0:19:54 I love that.
    0:19:55 That’s amazing.
    0:19:57 I remember having the same experience with my masterclass, no paid ads.
    0:20:01 I think we made $60,000 the first time we did it.
    0:20:06 When you have the real experience and the social proof, like you were already an award-winning
    0:20:11 photographer, you had all the social proof people want to learn from real experts.
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    0:25:13 Tell us about when you decided to launch a podcast and how did you launch that?
    0:25:20 Coming from you, this podcasting expert, my story was an experiment.
    0:25:24 I look at everything in my business is like an experiment.
    0:25:28 As a wedding photographer, I was so busy and overwhelmed for six months out of the year,
    0:25:32 and then the other six months, I had time to do other things and projects.
    0:25:34 I was lonely.
    0:25:36 I don’t know if you experienced this, Hala.
    0:25:39 I feel like when I started my business, I was so head down.
    0:25:42 I looked at other people’s competition.
    0:25:46 I had a lot of identity crisis and imposter syndrome.
    0:25:48 I didn’t really want to be in the mix with other people.
    0:25:52 I was like, I’m just going to keep my head down, stay in my lane and go.
    0:25:55 When I finally lifted my eyes, I’m like, there’s nobody with me.
    0:25:57 I’m really lonely on this journey.
    0:25:59 I want to talk to other people who get it.
    0:26:04 When I started my podcast, it was literally this experiment and this opportunity to invite
    0:26:05 people into conversation.
    0:26:10 I wanted to talk about how are you handling client rejection or what are you doing for
    0:26:11 contracts or invoices?
    0:26:16 At the beginning, my show was interview only, which did not work out well for me.
    0:26:20 I recorded it from the front seat of my parked car in my garage because I was afraid my dogs
    0:26:21 were going to bark.
    0:26:22 I didn’t even own a microphone.
    0:26:26 I had iPhone headphones, and I was like, all right, let’s just do this.
    0:26:30 I committed to doing it for 90 days, and I was like, let’s just see how it feels.
    0:26:34 I can always quit it if it doesn’t work, if I run out of things to say.
    0:26:37 Here we are years and years and years later, and it’s evolved.
    0:26:42 I think one lesson from this is that so often when we start a new project, we overthink
    0:26:45 all the things that don’t really matter.
    0:26:50 I remember worrying about the cover art, the title, how am I going to sign in and sign off
    0:26:51 of every episode?
    0:26:52 How long is it going to be?
    0:26:53 What is the format?
    0:26:54 When is it going to be published?
    0:26:58 All of those things have changed and evolved over the last seven years, and my show has
    0:27:00 stayed consistent.
    0:27:05 One thing that you brought up is so many people don’t actually dive in and do the thing.
    0:27:09 We think about all the things around the thing, whether you’re writing a book or starting
    0:27:11 a podcast or starting a business.
    0:27:15 You fixate on all the decisions you have to make instead of doing the actual thing, which
    0:27:18 in my case was sitting down and hitting record.
    0:27:23 Once I did that, the rest is history, but it was so easy for us to overthink all those
    0:27:24 things.
    0:27:29 My podcast started as an experiment, and we’re still going strong 100 million downloads later.
    0:27:33 For context, I started my podcast two years later than yours.
    0:27:36 In 2018, you started in 2016.
    0:27:43 When I started in 2018, it was a really innovative, unique thing for a young woman to be starting
    0:27:44 a business podcast.
    0:27:48 I can’t even imagine two years before, what a head start.
    0:27:53 Did you feel like you were pioneering this space because there really wasn’t much competition
    0:27:54 at the time?
    0:27:55 Talk to me about that.
    0:27:59 I remember there weren’t no other women at the top of the charts.
    0:28:04 Literally, I remember being the only women in the business category, which was wild to
    0:28:11 me and also super interesting because at the time, my experience was in the creative entrepreneur
    0:28:12 space.
    0:28:15 Not a lot of people consider themselves creative entrepreneurs.
    0:28:19 It’s like the photographers, the graphic designers, the digital artists, all those.
    0:28:25 To be able to branch out and speak to a really wide audience was something that was very
    0:28:26 new.
    0:28:28 I didn’t see myself as a pioneer.
    0:28:33 I just saw myself as someone who was imperfectly showing up with a phone voice and trying to
    0:28:34 get through.
    0:28:39 There have been so many ebbs and flows within that creation process, times where I’ve loved
    0:28:42 my podcast, times where I’m just sitting down and showing up to the mic.
    0:28:47 I think that the biggest thing is, is that consistency breeds confidence.
    0:28:50 Confidence comes through in everything you do.
    0:28:55 Even on those weeks where I have nothing to say, it’s like sit down and start talking.
    0:28:56 Things are going to come out.
    0:28:57 I think that’s really powerful.
    0:28:58 Yeah.
    0:29:00 So many great lessons in there.
    0:29:04 One thing that I want to dig on is that you were saying that I was really lonely as an
    0:29:08 entrepreneur and something that I realized, we’re very similar, but very different with
    0:29:09 one thing.
    0:29:14 I was on the phone the other day with your right-hand woman, Christy.
    0:29:16 She was telling me, she’s like, “Yeah, it’s just basically me and Jenna.”
    0:29:18 I was like, “What?
    0:29:19 How?
    0:29:24 I had like 10 volunteers since episode two of my podcast and I have 60 people on my
    0:29:28 team and 15 people that just work on my podcast.”
    0:29:29 I was like, “How is this possible?
    0:29:33 Jenna’s show is five to 10 times bigger than mine.
    0:29:35 How is that possible and what’s the logic behind that?”
    0:29:40 And so, curious to understand why you’ve kept your team so small.
    0:29:44 It’s so funny because I think, “Oh, that’s just normal.
    0:29:46 We just need one person to help this thing grow.”
    0:29:53 When I started my podcast, I literally only had one part-time VA on my team.
    0:29:57 When I started it, it was still me wearing all the hats, doing all the things with one
    0:29:59 person who’s helping me respond to emails.
    0:30:01 I was like, “Hey, I got this idea.
    0:30:03 I’m going to start a podcast and we’re going to start it in a few weeks.”
    0:30:05 And like, we ran with it.
    0:30:08 I never envisioned myself becoming a boss.
    0:30:11 I think a lot of entrepreneurs start the thing because they’re passionate about the
    0:30:14 thing and all of a sudden it grows into a real business and all of a sudden you feel
    0:30:18 like you’re getting pulled out of those creative endeavors to manage people.
    0:30:22 And that was never my vision, especially coming from the corporate world where I had a team
    0:30:25 of like 150 that I was overseeing.
    0:30:28 And so we run a very lean team.
    0:30:34 So even on my team today for a multi-multi-million-dollar business, I have six people on payroll and
    0:30:42 10 people in total with those six as contractors, total, to run the podcast, the book, the courses,
    0:30:44 every aspect of it.
    0:30:49 And most of my team members have been with me for four plus years, but we just still
    0:30:51 have that get it done mentality.
    0:30:56 And one thing that I often ask myself is what would this look like if it were easy?
    0:31:01 And I think that a lot of times we overcomplicate things and make them really big and scary
    0:31:04 and intimidating so that we don’t actually take action.
    0:31:10 And so up until this year, I recorded my podcast in a spare closet, not a cute closet, not
    0:31:15 a decorated closet, a closet with the boxes that say like random shit on them.
    0:31:17 And that was where I recorded my podcast.
    0:31:20 And I’ve always just had this mentality of like, I’m going to just show up in the way
    0:31:22 that I can show up.
    0:31:26 And we have created systems that make it totally possible.
    0:31:30 Now, let me say, Hala, that there is so much opportunity for growth.
    0:31:35 And I feel like I have been intentionally putting my foot on the brake pedal for a while because
    0:31:41 I want to be so present as a mom in this very like important time in my kids’ lives.
    0:31:45 And I’ve always believed within myself, I can hit the brake pedal and I will not forget
    0:31:46 where the gas is.
    0:31:48 I know where the gas is.
    0:31:50 I know I’m intentionally doing this.
    0:31:52 I’m slowing down, but I’m not losing momentum.
    0:31:53 I believe that.
    0:31:58 And so now I’m at this place where I’m like, OK, maybe we can expand, maybe we can grow.
    0:32:00 Maybe we can invite more people into the fold.
    0:32:03 But I have always just approached things of like, what would this look like if it were
    0:32:06 easy because done is better than perfect.
    0:32:09 And that’s how I’ve run my entire life and my career.
    0:32:10 Yeah.
    0:32:13 And it just goes to show that you can do things in so many different ways.
    0:32:18 And I do know that the more smaller the team, the more aligned everybody is, the more that
    0:32:20 the company culture is super strong.
    0:32:24 As you get really big, it gets really hard to control everything, and that’s when little
    0:32:25 mistakes happen.
    0:32:28 So I’m always trying to like, OK, how can I make my team smaller and more compact and
    0:32:30 have the best talent ever, right?
    0:32:33 So let’s talk about the business behind your brand.
    0:32:36 You just said your multi-million dollar business.
    0:32:38 You are absolutely crushing it in so many different areas.
    0:32:41 What are the different revenue streams that Jenna Kutcher has today?
    0:32:42 Yeah.
    0:32:43 All right.
    0:32:44 Let’s see if I can do this.
    0:32:45 OK.
    0:32:49 So online courses, we do really well as an affiliate for different products.
    0:32:53 So products that I love are courses that I’ve taken that have changed my life.
    0:32:58 I will sing those praises and share about them until my face is blue.
    0:33:00 So we do great with affiliates.
    0:33:04 The podcast is its own entity that does incredibly well.
    0:33:06 We also have rental properties.
    0:33:11 So we have a few different rental properties and we run Airbnb as a side gig.
    0:33:16 I also do different Instagram partnerships and sponsorships.
    0:33:21 We have a digital product shop where we sell different templates and presets.
    0:33:23 I have a journal and a book that I sell.
    0:33:26 So there are many different revenue streams.
    0:33:32 I remember hearing years ago that the average millionaire has seven revenue streams.
    0:33:34 And I was like, OK, let me make eight.
    0:33:36 Let me make nine.
    0:33:37 What does this look like?
    0:33:42 One thing I love about that is as someone who is creative and I also have ADHD, I never
    0:33:46 want to feel like I have to keep doing something or the business will crumble.
    0:33:49 Because as a wedding photographer, that’s where I found myself.
    0:33:54 I only got paid if I showed up and we were in a really hard season in a personal season
    0:33:56 trying to grow our family.
    0:34:01 And I remember having to show up to a wedding when I would rather have been in the fetal
    0:34:06 position and promising myself, I’m going to figure out a different way to do this so
    0:34:10 that if I need a human moment, if I need to rest, I have a business that can run while
    0:34:11 I rest.
    0:34:16 And so if you notice, most of our revenue streams are all kind of self-sustaining.
    0:34:18 They’re not totally passive.
    0:34:20 We definitely work on them.
    0:34:26 But they also don’t require me to be showing up every single day in order to earn income.
    0:34:32 You are such a great example of an influencer that has taken her brand and has monetized
    0:34:37 her expertise and to your point, now you’re able to sort of take breaks when you want
    0:34:41 to take breaks, hold off on things when you feel like holding off.
    0:34:44 So I absolutely love what you’ve built.
    0:34:49 So let’s talk about a new revenue stream that you have, which is your latest book.
    0:34:54 It’s called How Are You Really Living Your Truth One Answer At A Time.
    0:34:57 And I’d love to understand the genesis of this book.
    0:34:58 Why did you write it?
    0:34:59 Yeah.
    0:35:05 So I don’t know if you’ve ever done this, but I have said multiple times, I will never
    0:35:06 write a book.
    0:35:08 I will never do something, right?
    0:35:10 And I’m like, never say never.
    0:35:14 So for a very long time in my business, I was like, I don’t get why anyone would write
    0:35:15 a book.
    0:35:16 It takes so much time.
    0:35:17 You don’t make a lot of money.
    0:35:19 What is the point of this?
    0:35:23 And the point of that statement was I didn’t have a message that I cared about enough to
    0:35:29 do all the work that is required to not just write a book, but to get it out into reader’s
    0:35:30 hands.
    0:35:33 And it’s so interesting because I’m sitting in this space right now.
    0:35:35 We’re on the shore of Lake Superior.
    0:35:37 We bought this lake house.
    0:35:40 And the second I walked into this space, I said, if I ever write a book, it’s going to
    0:35:41 be in this space.
    0:35:44 It’s just this beautiful, inspiring space.
    0:35:45 Well, guess what happens?
    0:35:47 The world shuts down.
    0:35:51 There is a pandemic and suddenly we’re living up at our cabin in the woods and I’m sitting
    0:35:53 in this leather chair.
    0:35:57 And I had this very interesting experience, which I tell the story in the book, but I’ll
    0:35:59 give the short version.
    0:36:00 I had booked us massages.
    0:36:02 The world was creeping back open.
    0:36:03 It was our anniversary.
    0:36:07 And I was like, I’m going to do something nice for us as a couple.
    0:36:09 So I booked us these massages.
    0:36:15 And the woman who did our massages in this tiny town of 1,200 people was this very intuitive
    0:36:16 woman.
    0:36:19 And she introduces herself and says, hi, Amphia.
    0:36:20 I’m an intuitive healer.
    0:36:22 I’m doing your massage today.
    0:36:23 Lay down on the table.
    0:36:24 I get my rub down.
    0:36:26 At the end, she says, can I tell you what came up for you today?
    0:36:28 And I was like, sure, whatever.
    0:36:34 And she goes, there is something that you need to do and you’re avoiding it.
    0:36:36 And I need you to go out and do that thing.
    0:36:40 And the second she said that to me, I knew right away and she goes, do you know what
    0:36:41 I’m talking about?
    0:36:43 And I said, dang it, it’s right a book.
    0:36:46 And it was so weird because she never said to me like, Jenna, you need to go write a
    0:36:49 book or, you know, why haven’t you written a book?
    0:36:51 She just said, there’s something you need to do and you already know what it is.
    0:36:56 And I think that this is so powerful for you as a listener is when you hear that line.
    0:36:58 What is the first thing that pops into your head?
    0:37:02 Because there are things on our hearts that we have either said, I’m never going to do
    0:37:06 this or I don’t have time to do this or why would I do this?
    0:37:10 And the minute that I got that clarity, it became so crystal clear.
    0:37:14 That night I went home, I opened up a Google doc, titled it, I’m writing a book.
    0:37:16 And I sat down and started writing.
    0:37:20 And what was really interesting about my process is that so many people, if they have
    0:37:23 a platform, they go out and get an agent.
    0:37:26 And then they write the book proposal and then they do the pitch and then they get the
    0:37:27 book deal.
    0:37:31 I did everything backwards because I said, for so long, I said, I’m never going to do
    0:37:32 this.
    0:37:35 I want to do this and I want it to matter even if nobody ever reads it.
    0:37:37 I don’t want to write words that sell.
    0:37:39 I want to write words that tell.
    0:37:43 And even if they tell my story to my daughters someday, it’s worth it.
    0:37:47 And so I went into this writing process with no book deal, with no deadline, because for
    0:37:52 me, as someone who’s creative, the two things that kill my creativity fastest are money
    0:37:53 and deadlines.
    0:37:57 And I said, if I want to do this in a way that feels authentic, where I can present
    0:38:01 and say, this is the story I want to tell, I don’t want to tell the story that you want
    0:38:02 me to tell.
    0:38:03 I want to tell this story.
    0:38:05 And so I wrote in silence.
    0:38:06 I didn’t announce it to my audience.
    0:38:08 I didn’t announce it to my family.
    0:38:11 Just my husband and I knew that I was working on writing.
    0:38:12 We didn’t know what it would become.
    0:38:14 We didn’t know if it would become anything.
    0:38:18 And it was such a beautiful process, because I felt like when I finally made that decision,
    0:38:22 like, I’m going to do this, the words just poured out of me.
    0:38:27 And it was such a sacred, creative experience for someone who had been in that business
    0:38:29 space of just more, more, more.
    0:38:31 It was like, let’s do this because we enjoy it.
    0:38:35 And it brought back the joy into my work in so many different ways.
    0:38:39 What you’re saying is so unique, because I talk to authors all the time.
    0:38:42 I’m in the process of writing a book, and what you’re saying is correct, like you get
    0:38:43 an agent.
    0:38:46 You say, okay, for somebody to help you write your proposal, and you go, and I’m like you
    0:38:47 where I want to write my own book.
    0:38:50 I want to care about my own book.
    0:38:56 But what you did was obviously so magnetic, because I went and when I study from my interviews,
    0:39:00 I read all the book reviews that people are obsessed with this book and really transformed
    0:39:01 their lives.
    0:39:03 And it’s because you poured your heart into it.
    0:39:07 You didn’t do it so you could get more speaking events or make money like you just wanted to
    0:39:08 give back.
    0:39:13 Yeah, it’s so interesting too, Halle, because being in the experience yourself, it is a
    0:39:15 long tail thing.
    0:39:19 And I think in a digital world where we’re so used to like ideating and creating and
    0:39:24 publishing and getting feedback, writing a book is a really personal experience, right?
    0:39:27 Because you don’t know if people are going to love it, if they’re going to get anything
    0:39:28 out of it.
    0:39:34 You have to love it enough to want to talk about it, to want to land into people’s hands.
    0:39:39 And it’s so funny because so many of my friends are authors and amazing authors and so many
    0:39:42 of them hated the experience.
    0:39:46 And I feel like I’m one of the few that have come out of the experience of writing and marketing
    0:39:49 and selling and enjoying the book process.
    0:39:56 I loved every bit of it, but I did every bit of it in a way that protected my creativity
    0:39:58 and my passion.
    0:40:04 And so I am still on fire for my book and I love that about it because I just feel like
    0:40:07 so many authors after a while, they’re like, “I’m done talking about it.
    0:40:09 I don’t want to talk about it anymore.”
    0:40:10 And I’m like, “Let’s go.”
    0:40:11 I love it.
    0:40:16 I can feel the energy and how much you just really enjoyed this.
    0:40:17 I got to take a page from your book.
    0:40:22 Maybe I should write my book first and then go through the process to your point.
    0:40:23 It’s like a lot less pressure.
    0:40:28 Okay, so one of the things that you talk about in your book is creating a life inventory
    0:40:33 because you need to know where you want to go and where you are in order to make a change.
    0:40:36 So how do we go about creating a life inventory?
    0:40:37 Yeah, I love this.
    0:40:43 So the premise of my book is not to hear my voice as you read it, but to come back home
    0:40:44 to yourself.
    0:40:49 I think that so many of us have gone through life and we’ve kind of numbed out that inner
    0:40:54 intuition, that knowing, that whisper that we often don’t hear because the world is
    0:40:55 so noisy.
    0:41:00 And so one of the things that I love about the life inventory is it beckons you to really
    0:41:02 think about when is the last time I felt joy?
    0:41:04 When is the last time I felt alive?
    0:41:06 When is the last time I felt frustrated?
    0:41:11 And it’s funny because as I was writing the book, I was dealing with a toddler who had
    0:41:13 a lot of feelings.
    0:41:17 And so I’m like working with her through her feelings and I’m like, “You know, as
    0:41:19 adults, we just try to rush through feelings.
    0:41:22 If we’re sad, we try to get to happy.”
    0:41:27 And I think that there is so much shame around the different feelings that we have of like,
    0:41:31 “Surely I must be broken, that I’m not satisfied,” or “Something is wrong with me.
    0:41:33 Maybe it hasn’t been enough.
    0:41:35 Maybe I just need to go after more.”
    0:41:40 And so I love this idea of like this forensic style inventory of your life because I think
    0:41:44 what has happened for so many of us is that we think success looks a certain way, but we
    0:41:48 never ask ourselves, “What do we want success to feel like?”
    0:41:52 There’s a chapter called “Feelings Are Meant To Be Felt,” because we have rushed through
    0:41:54 or numbed out our feelings.
    0:41:56 We don’t even know how we feel anymore.
    0:41:59 And then we wonder like, “Why am I waking up at three in the morning with my brain racing
    0:42:02 and this feeling of like, is this all there is to life?
    0:42:05 Like, is this what I’ve worked so hard to get?”
    0:42:10 And so I love just really taking an inventory and saying, “When was the last time I was happy?
    0:42:11 When was the last time I was satisfied?
    0:42:14 When was the last time I felt successful?”
    0:42:18 And really trying to see if there are trends in there or signals that maybe you need to
    0:42:22 pivot or change or move away from something and move toward something else.
    0:42:28 And I know that when we are on autopilot in our life, we might not realize that we’ve
    0:42:30 golden handcuffs on.
    0:42:34 There’s something that we think is good that actually is preventing us from going out and
    0:42:38 accomplishing our true dreams that we have for ourselves.
    0:42:39 Can you talk to us about that?
    0:42:44 Yeah, so when I think of the golden handcuffs, it’s all of these promises that people make
    0:42:46 to us that keep us stuck.
    0:42:50 And so for me, it was that five-year plan that they thought was pretty, but really made
    0:42:51 me want to shift.
    0:42:56 You know, the benefits, the 401(k), all those things, they’re all amazing, right?
    0:43:00 But those are the things where we find ourselves saying, “I should feel really grateful for
    0:43:01 this.
    0:43:02 I should feel fulfilled with this.”
    0:43:04 And yet there’s something missing.
    0:43:07 And I remember having this conversation with one of my best friends and she has been so
    0:43:10 deeply unsatisfied with her job for so long.
    0:43:12 And I felt like it was Groundhog’s Day.
    0:43:15 Every time I talked to her, she would tell me all the things she hated about her job.
    0:43:18 And then she would try to wrap up those statements with a pretty bow.
    0:43:23 But you know, we have unlimited vacation time and there’s a ping-pong table in the break
    0:43:24 room.
    0:43:25 And I said, “One, do you take vacation?”
    0:43:26 The answer was no.
    0:43:28 Two, do you like ping-pong?
    0:43:29 No.
    0:43:33 And I said, “All of these things that are painted as benefits are actually just keeping
    0:43:34 you stuck.”
    0:43:39 I think that it’s so powerful for us to really understand what is holding us back and what
    0:43:43 are these things that people are painting as shiny, but they really show up as dull
    0:43:44 in our lives.
    0:43:49 And how do we actually pursue the things that really give us this full, vibrant life that
    0:43:51 we want and what does that look like?
    0:43:54 And I think it could look different for all of us, even as entrepreneurs.
    0:43:57 There are different things in our aspect where we’re like, “This just doesn’t resonate or
    0:44:02 this doesn’t feel in alignment anymore, but I should keep going with this because it’s
    0:44:06 like that sunk cost fallacy of like, “Well, I’ve already invested so much time into this.
    0:44:08 I might as well finish it out.”
    0:44:12 Wait, you’re missing out on the time to pivot, to change, to evolve?
    0:44:17 And I think that we need to celebrate those choices just as much as we celebrate those
    0:44:20 shiny successes that we see all over the internet.
    0:44:21 Totally.
    0:44:26 And one of the things is that some people sometimes don’t understand their own intuition
    0:44:29 or how to follow their own intuition, trust their own gut.
    0:44:33 So something that I thought that you did really, really good in your book is you struck a balance
    0:44:38 between spiritual alignment with what you want to do, as well as practical goal-setting,
    0:44:40 practical goal-getting.
    0:44:44 You actually need to visualize, you know, manifest, but then do the thing, right?
    0:44:47 Like we were talking about in the beginning of the podcast.
    0:44:52 We’ll be right back after a quick break from our sponsors.
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    0:47:35 Yeah, fam, if you’re anything like me, you didn’t start your business to spend all your
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    0:49:10 So I want to read an excerpt from your book that really touched me.
    0:49:14 And it’s because I think a lot of people in my life, I know, are just like sort of on
    0:49:15 autopilot.
    0:49:19 They have bigger dreams for themselves and a lot of listeners, I feel like that reach
    0:49:20 out to me.
    0:49:21 They also feel stuck.
    0:49:22 They don’t know what to do.
    0:49:25 They’re doing okay in their job, but they just don’t know how to change.
    0:49:30 So you say beyond getting really honest about the things that might not be okay, we stifle
    0:49:32 the things that make us come alive.
    0:49:38 It’s like we all end up chattering about on this banged up planet carrying these big dreams
    0:49:42 and audacious goals and boundary breaking ideas and we keep them quiet all throughout
    0:49:46 the week in the checkout line on the conference call around the dinner table.
    0:49:50 We are walking around with wild parts of ourselves unspoken.
    0:49:51 So let’s spend some time here.
    0:49:53 What do you think of when you hear this quote?
    0:49:58 I think about how often we belittle our life’s work.
    0:50:02 I don’t know about you, Halla, but like when you are starting your show and stuff, if somebody
    0:50:03 asks you like, what do you do?
    0:50:07 It’s like, oh, I have a little podcast or I do this little side thing or I’m trying
    0:50:09 to start this thing.
    0:50:15 And I think that we’ve gotten so good as a society at compartmentalizing our lives into
    0:50:19 these tiny little containers saying, okay, this is the mother side of me.
    0:50:20 This is the wife side of me.
    0:50:22 This is the business side of me.
    0:50:24 And we don’t really show up as our whole selves.
    0:50:29 And I think that in order to live a whole life, we have to figure out ways to integrate
    0:50:33 each aspect of ourselves into the work that we do.
    0:50:36 Me being a mother doesn’t take away from me being a CEO.
    0:50:41 In fact, I can add to that if I bring some of those feminine vibes into my work.
    0:50:45 And so what I’ve tried to kind of break down is that there are so many of us who are moving
    0:50:50 through life and we’re belittling our dreams or we’re just kind of shrinking down to fit
    0:50:55 into society’s standards or what people expect from us instead of bringing our whole self
    0:50:59 to the conversation and saying, yes, I am this, but I am also this.
    0:51:03 It’s like the both and conversations instead of either or.
    0:51:07 And I think for so many of us, especially in such a polarizing world, we feel like we
    0:51:08 have to choose, right?
    0:51:13 You either have to be the girl boss or you need to stay at home and homestead.
    0:51:18 You are either the hustler or you are the present one.
    0:51:20 And I think there’s room at the table for everyone.
    0:51:24 And that’s why I think what I love about my book is it’s kind of what you’re suggesting.
    0:51:28 It’s where the womb meets the work where, yes, you can manifest, but you also have to
    0:51:29 take action.
    0:51:30 What does that action look like?
    0:51:36 I love showing up as my chaotic whole self because I feel like if I’m only giving people
    0:51:40 this one piece of me, they’re not knowing the full picture.
    0:51:44 And I think it’s so powerful when we kind of pull back the curtain and say, here’s who
    0:51:45 I am.
    0:51:46 Here’s how I show up.
    0:51:47 Here’s what I’m dreaming of.
    0:51:50 It also invites other people to dream a little bit bigger.
    0:51:51 I love that.
    0:51:53 Everything you’re saying is so beautiful.
    0:51:58 In terms of actually following your intuition, you always say, pursue what feels good.
    0:52:00 How can we tell what feels good?
    0:52:03 One thing that I often think about is I have ADHD.
    0:52:07 And for years and years and years, I told myself, I can never be a person who meditates.
    0:52:10 All the successful people in the world be like, I meditate for 10 minutes a day.
    0:52:14 And I’m like, I can’t even imagine sitting alone with my thoughts, like what that would
    0:52:15 look like.
    0:52:20 And what I’ve learned over the years is that what we need to bring into our lives is more
    0:52:21 awareness.
    0:52:26 When we start to notice things, we are able to change, we’re able to evolve, we’re able
    0:52:27 to dive deeper.
    0:52:31 And I feel like so many of us don’t even notice our lives.
    0:52:34 We don’t pay attention to the things that feel good.
    0:52:37 We are so consumed by what looks good.
    0:52:41 When I was a wedding photographer, I would always say, I want to shoot weddings where
    0:52:44 the marriages are more beautiful than the wedding day.
    0:52:49 As an online influencer, I want to live a life that is even more full and beautiful
    0:52:51 offline than the one that you see online.
    0:52:55 And I think that a lot of people get it flipped and twisted where they’re like, here’s my
    0:52:58 highlight reel, but behind the scenes, I’m falling apart.
    0:53:02 And I think that when we can bring a level of awareness to the work that we do, to the
    0:53:06 way that we show up, to the relationships we’re in, it allows us to grow and stretch
    0:53:11 as a human being, but it also allows us to pay attention and notice the things that feel
    0:53:13 good, that feel right.
    0:53:17 Because I am not someone who is going to tell you, follow your dreams and you’ll never work
    0:53:21 a day in your life because most of us don’t even know how to dream anymore.
    0:53:25 And so for me, if I am paying attention and aware, I might be noticing the things that
    0:53:28 no longer resonate, that are no longer in alignment.
    0:53:33 And that might guide my path just as much as knowing where I want to go does.
    0:53:40 And so, Kari, as to understand, do you feel anybody can turn what they’re passionate about,
    0:53:44 what they’re interested in learning about into a career, like how do we know if we should
    0:53:49 actually pursue and turn our passion into a career?
    0:53:50 I love this question.
    0:53:58 So for a very long time, I was someone who preached entrepreneurship is the way until
    0:54:01 I realized that the world cannot be filled with entrepreneurs, right?
    0:54:06 Some people are meant to be employees and joyful employees at that.
    0:54:11 What I think is so important is if you can protect your passion and monetize it with
    0:54:13 joy, go for it.
    0:54:17 But not every passion needs to become a business.
    0:54:19 And I’ve had to learn that throughout my entire career.
    0:54:23 There are certain passions and hobbies where I could find myself thinking of a million
    0:54:27 ways that I could monetize it, and I’m like, “No, keep this sacred.
    0:54:30 Keep this just as a piece of your passion.”
    0:54:34 And so the big thing is, is it something that you will still find joy in when you start
    0:54:38 to bring in those parameters like we were talking about, like with the book, deadlines
    0:54:40 and invoices and money?
    0:54:42 Are you still going to be passionate about that thing?
    0:54:46 If the answer is no, keep it and preserve that passion for yourself.
    0:54:51 But if you would feel like a million dollars if somebody pays you 10 to do the thing you
    0:54:56 love, then maybe that’s a sign that it is something that you should pursue as a potential
    0:54:57 business.
    0:55:01 So something else that you speak about a lot is this small steps approach.
    0:55:03 You’ve got to take the small, consistent action.
    0:55:08 You even talk about taking unbelievably small action to get started.
    0:55:12 Talk to us about why you think that’s really important and how it builds confidence.
    0:55:18 How many people listening are using perfection as a means to procrastinate?
    0:55:25 I think that everyone, right, you want to be able to show the after without ever showing
    0:55:26 the messy middle, right?
    0:55:30 We want to see that transformation, whatever that looks like in your life.
    0:55:33 And so so many of us are moving through life, waiting for the after to happen so that we
    0:55:37 can finally reveal it to the world and share all the secrets behind it.
    0:55:42 And what I think is so powerful is showing up and taking those teeny, tiny steps that
    0:55:46 no one’s going to clap for, that no one’s even going to notice if they were following
    0:55:47 you.
    0:55:51 Because what happens is, is as you start to take action, your confidence grows.
    0:55:53 And when your confidence grows, you become consistent.
    0:55:57 And when you’re consistent at something, you’re putting in the reps that allow you to get
    0:55:58 the results.
    0:56:04 And so I am so sick of people that are holding back and they’re saying someday I will launch
    0:56:06 a podcast or write a book or start the business someday.
    0:56:07 I’m working on it.
    0:56:10 I just, I got to figure out this and this and this and this.
    0:56:14 And they’re procrastinating and using perfection as a means to do that.
    0:56:18 And so if you look at my career in any step of the way, I feel like I could scroll through
    0:56:22 the hundreds and thousands of posts that I post on Instagram and say that wasn’t fake.
    0:56:24 That was exactly where it was in that moment.
    0:56:28 I was learning something new and I was showing people and let me tell you that it is so much
    0:56:33 more inspiring for people to see someone that is just one step ahead of them than a million.
    0:56:38 And so if you’re waiting to unveil this idea or business or project until you’re a million
    0:56:41 steps ahead, you’re going to miss the most beautiful opportunity to actually transform
    0:56:44 people’s lives, including your own.
    0:56:48 I’m like vigorously shaking my head because I’m like, preach, Jenna, preach, because it’s
    0:56:50 so true.
    0:56:52 Businesses don’t happen overnight.
    0:56:56 And also they don’t need some big master plan.
    0:57:00 Every single business stream that I’ve started was some idea I had at midnight and like started
    0:57:05 creating a PowerPoint and then I started selling, like it just, it evolves, right?
    0:57:08 So I feel like a lot of people think that they need to get from zero to 100.
    0:57:12 And it’s like, no, there’s one, two, three, four, five, six, seven, like there’s so many
    0:57:16 different steps along the way and that’s how you learn and build confidence and become
    0:57:19 an expert and all those things that we were talking about.
    0:57:23 So let’s talk about some of the common mistakes entrepreneurs make.
    0:57:26 This one ties in really well with what we’re talking about.
    0:57:29 What’s wrong with wanting all this success to happen so fast?
    0:57:32 A lot of people just want things to happen too fast.
    0:57:36 I will say that the common mistakes are that you want to have it all figured out before
    0:57:38 you start showing up.
    0:57:41 And I think you have to start showing up while you figure it out because a lot of times we’ll
    0:57:45 finally have something that we want to launch and we don’t have no one to launch it to.
    0:57:47 They didn’t know we were passionate about this thing.
    0:57:49 They didn’t know we were working on that project.
    0:57:53 And so all of a sudden we do this grand reveal and there’s no one there.
    0:57:55 It’s not if you build it, they will come.
    0:57:57 They will come as you build it.
    0:58:00 And so I think that’s the number one mistake people are making is they’re just waiting
    0:58:03 and saying, “Okay, when it’s finally ready, people are going to be there.”
    0:58:08 But it’s like if you let them in on the process and the production of it, then they will be
    0:58:11 bought in before you ever have something to sell.
    0:58:13 Yeah, document your life.
    0:58:19 So I know that something else that you talk about in terms of being an entrepreneur is
    0:58:21 the need to take breaks.
    0:58:25 And when you were eluding to this earlier in the conversation where you were talking
    0:58:29 about as an entrepreneur with many different revenue streams, you’ve got all these revenue
    0:58:35 streams because sometimes you might want to turn things off and take a break and focus
    0:58:37 on your family, focus on your personal life.
    0:58:39 So a couple of questions around this.
    0:58:44 First of all, talk to us about the importance of breaks and resting as an entrepreneur.
    0:58:50 And then also, what about the entrepreneur who’s like, “I suck, I just want to quit.”
    0:58:53 I often say, “Rest, don’t quit.”
    0:58:55 I believe it’s a quote from Banksy.
    0:59:00 And I love that because I think so many of us are ready to quit when really we just need
    0:59:03 a nap or a break or time away from the project.
    0:59:06 And so I think we’re too quick to quit.
    0:59:10 And for me, I feel like rest has become something that I’ve had to learn.
    0:59:14 Like my autopilot is to go hard and go after it.
    0:59:15 And rest felt hard.
    0:59:20 It is harder for me to be intentional with rest than it is to go full steam ahead.
    0:59:22 And I think for a lot of achievers, that’s the thing.
    0:59:27 And I recognize that just like you would do a couch to 5K program where you’re training
    0:59:31 each day to take a few more steps, we need to go.
    0:59:34 We’re running the 5K every single day and we need to learn how to sit on the couch.
    0:59:40 And so I have to have so much intention behind resting that it now has become natural.
    0:59:42 But at the beginning, it was so uncomfortable.
    0:59:43 I didn’t want to be alone with my thoughts.
    0:59:44 I didn’t want to slow down.
    0:59:48 I had this belief that like if the momentum slowed down, everyone would realize this
    0:59:52 was all a fluke and it would all fall apart and no one would want or need me anymore.
    0:59:55 And now I recognize I create the momentum.
    1:00:00 I put my foot on the gas pedal, but I can also know where the break is and vice versa.
    1:00:04 And so I think that for a lot of times, we get so caught up in the hustle and I think
    1:00:07 the hustle is required to get the business off the ground.
    1:00:12 But if hustle is the only way the business will succeed, it is not sustainable.
    1:00:17 And so how do we kind of draw lines in the sand where we say, and now I can rest.
    1:00:18 Well done.
    1:00:19 Now it’s time to take a break.
    1:00:24 Now it’s time to step away because I’ve actually found that in those seasons of rest and slow
    1:00:29 down where I really do treat time as my currency, those are when the next best ideas happen
    1:00:33 or the next creative endeavor comes to me or the next passion reveals itself.
    1:00:36 And so I think rest is just as important as hard work.
    1:00:41 And I think that it’s up to us to discern when is that needed and how am I going to
    1:00:44 learn how to do it?
    1:00:49 My last question to you as we wind down this interview, I know that you’re a big proponent
    1:00:52 of self-love and body acceptance.
    1:00:56 And you have a big theme in your book about the way that we feel in our own skin.
    1:01:01 Can you elaborate on why it’s important to actually have self-love be accepting of our
    1:01:05 bodies because you say there’s so many times where we’ve missed out on opportunities and
    1:01:09 disqualifying ourselves because of how we feel about our bodies.
    1:01:10 Yeah.
    1:01:15 It’s crazy to me that more people don’t talk about body love and acceptance when I think
    1:01:20 about how many thoughts a day we have that involve our bodies.
    1:01:24 And I have recognized over the last decade, I have been in many different shapes and forms
    1:01:30 and weights and sizes and every step of the way, the way that I feel about my body impacts
    1:01:35 how I show up, how I put myself out there, what I believe I’m worthy of.
    1:01:38 And what is so interesting to me, there’s a line in the book that says the way we show
    1:01:43 up for battle is directly linked to the type of warrior that we believe we are.
    1:01:48 And I think for so many of us, women especially, but men too, so many of our thoughts are occupied
    1:01:50 with what do I look like right now?
    1:01:52 Not how do I feel?
    1:01:56 And so I think it’s a really powerful thing to talk about because as we talk about chasing
    1:02:00 dreams and starting businesses and growing your audience and showing yourself and letting
    1:02:04 people into the messy middle, the way that we feel about ourselves impacts the way that
    1:02:06 we do that.
    1:02:10 And so when we can start to really bring a level of awareness of what stories am I telling
    1:02:11 myself?
    1:02:12 What am I believing about myself?
    1:02:15 How is that impacting the way that I’m showing up?
    1:02:17 It can change absolutely everything.
    1:02:21 And so I definitely think it needs to be a part of the conversation because it impacts
    1:02:22 our confidence.
    1:02:25 And as we’ve said, confidence impacts everything.
    1:02:31 And so I love talking about how we feel in our own skin and how we talk to ourselves
    1:02:37 about ourselves and how that changes things for us in terms of how we show up successfully
    1:02:38 in life.
    1:02:42 Well, Jenna, thank you so much for helping us get back in touch with who we really are.
    1:02:43 Yeah, fam.
    1:02:45 I definitely want to say go cop Jenna’s book.
    1:02:46 How are you really?
    1:02:49 It’s a path to coming home to yourself.
    1:02:52 She gave so many tips today, but it’s just a sliver of what is covered in her book.
    1:02:53 We really didn’t get through it all.
    1:02:58 So Jenna, the last two things I ask all my guests is what is one actionable thing you
    1:03:02 think our young and profitable should do today to become more profitable tomorrow?
    1:03:06 I would say do an inventory, whether it’s of your life or your business and see what
    1:03:10 is actually moving the needle for you the most, whether it’s through profits or joy.
    1:03:14 And I think both of those can tie together beautifully.
    1:03:15 And what is your secret to profiting in life?
    1:03:18 And this goes beyond just finances.
    1:03:23 Building different avenues of revenue that can run while I rest.
    1:03:26 And where can our listeners learn more about you and follow you?
    1:03:28 I would love to invite you to the party.
    1:03:32 I am on all the platforms at Jenna Kutcher, just like Ashton.
    1:03:36 And I would absolutely love for you to come on over to my podcast, the Gold Digger Podcast.
    1:03:37 Tune in.
    1:03:38 We drop two episodes a week.
    1:03:41 It is the number one marketing podcast for a reason.
    1:03:46 And I love sharing tips, tricks, and strategies both for business and for life.
    1:03:47 Amazing Jenna.
    1:03:48 I’m going to stick all that in the show notes.
    1:03:51 Thank you so much for coming on Young and Profiting Podcast.
    1:03:52 Thanks for having me.
    1:04:02 [Music]
    1:04:04 [Music]
    1:04:14 [BLANK_AUDIO]

    Jenna Kutcher unexpectedly felt empty after she hit her goal of six figures as a wedding photographer. Burnt out, she cut her workload in half to reclaim her time and happiness. As a result, she reignited her creativity and inadvertently built a million-dollar business. Now, she is the ultimate entrepreneur slash mom, managing several income streams without sacrificing her peace of mind. In today’s episode, Jenna shares some actionable advice and entrepreneurial wisdom that helped her figure out her direction.

    Jenna Kutcher is a successful entrepreneur, digital marketing expert, and author of How Are You, Really? She hosts the top-rated Goal Digger podcast, which offers practical business advice.

     

    In this episode, Hala and Jenna will discuss:

    – Turning a $300 camera into a million-dollar business

    – How she built a hit podcast from her spare closet

    – How to keep your team lean and focused

    – Authenticity in business and life

    – How perfection can turn into procrastination

    – When to rest and not quit

    – How she balances multiple income streams

    – The role of intuition in business success

    – Jenna’s journey to work-life harmony

    – The impact of personal values on success

    – And other topics…

     

    Jenna Kutcher is a successful entrepreneur, digital marketing expert, and social media influencer. She initially gained prominence as a wedding photographer, transforming a $300 Craigslist camera into a successful business. She is best known as the host of The Goal Digger podcast, a top-rated show that offers practical business advice. She is also the author of the bestselling book How Are You, Really?

     

    Connect with Jenna:

    Jenna’s Website: https://jennakutcher.com/

    Jenna’s LinkedIn: https://www.linkedin.com/in/jennakutcher/

    Jenna’s Twitter: https://twitter.com/jennakutcher

    Jenna’s Instagram: https://www.instagram.com/jennakutcher/

    Jenna’s Facebook: https://www.facebook.com/jenna.kutcher/

    Resources Mentioned:

    Jenna’s Podcast, The Goal Digger: https://podcasts.apple.com/us/podcast/the-goal-digger-podcast/id1178704872

    Jenna’s Book, How Are You, Really?: Living Your Truth One Answer at a Time: https://www.amazon.com/gp/product/B09G6SVK5V/

    LinkedIn Secrets Masterclass, Have Job Security For Life:

    Use code ‘podcast’ for 30% off at yapmedia.io/course.

     

    Sponsored By:

    Shopify – Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify 

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    Kajabi – Get a free 30-day trial to start your business at Kajabi.com/PROFITING 

    LinkedIn Marketing Solutions – Get a $100 credit on your next campaign at linkedin.com/YAP 

    Airbnb – Your home might be worth more than you think. Find out how much at airbnb.com/host 

    More About Young and Profiting

    Download Transcripts – youngandprofiting.com

    Get Sponsorship Deals – youngandprofiting.com/sponsorships

    Leave a Review – ratethispodcast.com/yap

    Watch Videos – youtube.com/c/YoungandProfiting

     

    Follow Hala Taha

    LinkedIn – linkedin.com/in/htaha/

    Instagram – instagram.com/yapwithhala/

    TikTok – tiktok.com/@yapwithhala

    Twitter – twitter.com/yapwithhala

     

    Learn more about YAP Media’s Services – yapmedia.io/

  • Jenna Kutcher: Protect Your Peace, Build Multiple Income Streams: Courses, Podcasts, Airbnb & More! | E295

    AI transcript
    0:00:05 Today’s episode is sponsored in part by Teachable, Fundrise, Mint Mobile, Working Genius, Indeed,
    0:00:06 and Shopify.
    0:00:11 Teachable makes it easy for creators to monetize their content with full control.
    0:00:15 Head to teachable.com and use code “PROFITING” to claim your free month on their pro-paid
    0:00:16 plan.
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    0:00:26 Add the Fundrise flagship fund to your portfolio with as little as $10 at fundrise.com/profiting.
    0:00:29 Save big on wireless with Mint Mobile.
    0:00:35 Get your new three-month premium wireless plan for just $15 a month at mintmobile.com/profiting.
    0:00:39 Unlock your team’s potential and boost productivity with Working Genius.
    0:00:44 Get 20% off the $25 Working Genius assessment at workinggenius.com with code “PROFITING”
    0:00:46 at checkout.
    0:00:49 Attract interview and hire all in one place with Indeed.
    0:00:53 Get a $75 sponsored job credit at indeed.com/profiting.
    0:00:55 Terms and conditions apply.
    0:00:59 Shopify is the global commerce platform that helps you grow your business.
    0:01:04 Sign up for a $1 per month trial period at Shopify.com/profiting.
    0:01:07 As always, you can find all of our incredible deals in the show notes.
    0:01:11 I’ve just realized that money isn’t the answer.
    0:01:15 Times in my business where I’ve earned the most money, I’ve been the most miserable,
    0:01:19 and I just feel like there’s this threshold of like, where do I get more joy?
    0:01:20 How do I derive joy?
    0:01:21 What does peace look like?
    0:01:24 When I go to bed at the end of the night, how do I truly rest?
    0:01:29 Jenna Kutcher is the one who decided she did not want to be defined by just one thing.
    0:01:35 She has more than one million followers on Instagram and is the host of the top rated
    0:01:39 podcast, Goldiger, with more than 70 million downloads and counting.
    0:01:42 Peace is so expensive and life is so short.
    0:01:47 And I definitely am not anti-hustle culture because I do believe hustle is required to
    0:01:49 get the dream off the ground, no matter what the dream is.
    0:01:54 But if hustle is the only way that you can operate and sustain what you’re building,
    0:01:55 that is not a business.
    0:01:57 Like you are building a prison for yourself.
    0:02:03 And I’ve watched so many people who have really successful businesses and really lousy lives.
    0:02:06 Like they are rich in their bank accounts and empty in relationships.
    0:02:25 There’s this quote that I heard that totally changed my mentality and it was.
    0:02:27 Hey everyone, welcome to the show.
    0:02:30 We’ve got an exciting episode in store for you today.
    0:02:35 We are live in an Airbnb location, which is coincidental because we actually talked
    0:02:39 about Airbnb in this episode.
    0:02:40 Today I’m interviewing Jenna Kutcher.
    0:02:42 She’s the host of the Goldiger podcast.
    0:02:48 She’s a best selling author and she’s also an entrepreneur of many different businesses.
    0:02:52 So we’re going to talk about all the different ways she makes money from her courses to affiliate
    0:02:56 marketing, to podcast sponsorships, to hosting a property on Airbnb.
    0:02:58 I absolutely love this conversation.
    0:03:00 Jenna is one of my close friends and she’s so smart.
    0:03:01 She’s so brilliant.
    0:03:03 I can’t wait to share it with you all.
    0:03:07 So without further ado, here’s my conversation with Jenna Kutcher.
    0:03:08 Welcome to Young and Profiting Podcast.
    0:03:09 Thank you.
    0:03:14 I mean, let’s talk about money, but money is such a taboo topic, especially with women.
    0:03:16 And so we’re going to kind of dive off the deep end together.
    0:03:17 Yes.
    0:03:18 Let’s do it.
    0:03:24 So first of all, tell me, what was the first way that you started to make a lot of money?
    0:03:27 When did it all start to really come together for you?
    0:03:33 So when I was 23, I worked in corporate America and I had a great job.
    0:03:37 But I very quickly realized that climbing the corporate ladder was just not for me.
    0:03:40 And it is an amazing option for a lot of people.
    0:03:42 It just didn’t resonate with my soul.
    0:03:46 There was just this feeling of, I’ve got to figure something else out.
    0:03:48 So I started as a wedding photographer.
    0:03:49 Most people know my story.
    0:03:54 I bought a $300 camera on Craigslist, ended up starting a wedding photography business,
    0:03:55 bought myself everything.
    0:04:00 And within three years I was earning six figures, which at the time was more than I had ever
    0:04:02 even dreamed of, right?
    0:04:04 In my corporate job, I was making $50,000 a year.
    0:04:06 I felt so rich.
    0:04:11 Making six figures felt like this amount that was impossible.
    0:04:16 And when I was growing my business, I was also experiencing burnout.
    0:04:19 And I had grown so quickly, which was such a blessing.
    0:04:24 I also just hit this place where I was like, I can’t imagine doing this for the next five,
    0:04:25 10, 15, 20 years.
    0:04:27 There’s got to be a different way.
    0:04:32 And I committed to figuring out a different way through loss.
    0:04:37 And I shared this story many times, but when my husband and I finally decided that we wanted
    0:04:42 to start a family, it didn’t happen as easily for us as it does for other people.
    0:04:46 And I know a lot of people experienced this, but we went through two miscarriages.
    0:04:50 And I was planning my pregnancies around my photography business because I was shooting
    0:04:53 in the summer and I had to figure out, how is this going to work?
    0:04:57 And when I had my second loss, I had to show up and shoot a wedding the next day.
    0:05:00 And I was like, there has to be a different way.
    0:05:05 Like I built this amazing business, but if I don’t show up and shoot, I don’t get paid.
    0:05:06 And there’s got to be a different way.
    0:05:12 And so I committed then and there in this moment of agony of, I will figure this out.
    0:05:15 And I remember around that time, I heard this statistic.
    0:05:17 The average millionaire has seven revenue strings.
    0:05:19 And at the time I had one.
    0:05:22 And I was like, how do we figure this out?
    0:05:23 Like, what could this even look like?
    0:05:25 It felt so crazy.
    0:05:29 And so I started many different side hustles.
    0:05:30 Do you want to dive into that?
    0:05:31 Okay.
    0:05:35 So my first side hustle was I became a watercolor artist.
    0:05:41 So my mother-in-law was an elementary art teacher.
    0:05:44 And in the basement of her house, she had all of these art supplies.
    0:05:49 And in my season of burnout, I was like, I need to do something to connect back to my creativity.
    0:05:52 At first, my photography was my creativity.
    0:05:53 And then it became my job.
    0:05:56 So I went home with all these watercolor supplies.
    0:05:57 I started painting every day.
    0:06:01 I forced myself to sit in a chair and paint for 20 minutes a day.
    0:06:03 And I started sharing these paintings on the internet.
    0:06:04 And people were like, can I buy that?
    0:06:06 Amazing.
    0:06:12 I ended up figuring out a way to scan these watercolor art prints and sell them online.
    0:06:17 And pretty soon we were paying our mortgage with the print revenue.
    0:06:19 Your first sort of passive income revenue stream.
    0:06:20 Totally.
    0:06:25 Because that was what made me realize I could create something once and sell it a bunch of times.
    0:06:29 So it started as a joke and it turned into something where I was like,
    0:06:31 wait a minute, we’re onto something.
    0:06:36 Also around that time was when I had realized after hitting six figures that I was happier
    0:06:37 when I was working less.
    0:06:39 And I had hit this point.
    0:06:42 And I think a lot of entrepreneurs hit this point where in the beginning,
    0:06:44 you have to trade time for money.
    0:06:45 There’s really no other way around it.
    0:06:47 That is the hustle that is required.
    0:06:49 But at some point when you start to get the money,
    0:06:52 you recognize that I will spend money to get back my time.
    0:06:56 And I had hit that point in my photography business and I was like, you know what,
    0:06:59 I will go back to earning $50,000 a year if I can have a life.
    0:07:03 And so I committed to booking half of the weddings that I had been shooting.
    0:07:05 And I said, I’m going to figure something also.
    0:07:08 And so that’s when I started learning about online courses.
    0:07:11 And I had scaled a business from zero to 100K in three years.
    0:07:14 I knew something that a lot of people didn’t.
    0:07:17 And so I started mentoring other local photographers,
    0:07:20 having them come into this little condo we lived in.
    0:07:23 And I would walk them through pricing, marketing, social media,
    0:07:25 like all the business stuff.
    0:07:28 Because I’m like, these people are so good at their craft.
    0:07:29 They don’t know how to sell it.
    0:07:30 Yeah.
    0:07:32 And so I started coaching.
    0:07:34 And then I started looking into online courses.
    0:07:37 And that’s where the business that people see today started to form.
    0:07:39 But it was years in the making.
    0:07:40 I love that.
    0:07:41 It’s so inspiring.
    0:07:44 So in terms of your courses,
    0:07:48 how did you first figure out how to go from one to one to one to many?
    0:07:49 Because that’s really the secret.
    0:07:54 It’s how do you take what you do to individuals and then make it possible
    0:07:56 that many people can take this course?
    0:07:58 Like, how did you first start to figure that world out?
    0:08:02 You know, it’s kind of funny because I don’t know if I’ve ever drawn the parallel
    0:08:06 of making a watercolor print, scanning it, figuring out one to one or once many.
    0:08:09 And that is exactly what online education is.
    0:08:13 And it was so funny because I ended up coaching five local photographers.
    0:08:16 And they all had the same questions.
    0:08:19 And all of a sudden, I found myself, I’m like, I am a broken record.
    0:08:20 I’m teaching them the same things.
    0:08:22 I’m showing them the same pricing guide.
    0:08:24 I’m walking through the same things.
    0:08:28 And that was when I really started to discern there are trends
    0:08:30 and questions that everybody has.
    0:08:33 And that is the type of content you want to put into an online course.
    0:08:38 And I am so grateful that I took the time to sit down with people face to face,
    0:08:42 hear their struggles, understand, well, what am I actually doing different?
    0:08:45 Because I think that so often we are so close to our own genius
    0:08:47 that we think everybody knows this.
    0:08:49 Surely this is easy for everybody.
    0:08:52 And so when I started to identify these trends, I was like, oh my gosh,
    0:08:55 I can teach branding and I can teach social media
    0:08:58 and I can teach pricing and I can teach email communication
    0:08:59 and all of these things.
    0:09:03 And so I created my first online course after taking an online course.
    0:09:06 So I was like, I am going to buy an online course and figure out,
    0:09:08 OK, how did they deliver it?
    0:09:09 How was it recorded?
    0:09:11 How was it like spread out over the week?
    0:09:12 Yes!
    0:09:14 My secret sauce is like reverse engineering.
    0:09:17 I see an end result as a wedding photographer.
    0:09:19 I would see the finished shot and I would think,
    0:09:21 well, how did the photographer pose these people this way?
    0:09:23 What were the cues that they gave them?
    0:09:24 What was the lighting?
    0:09:27 And I reverse engineered course creation because I was like,
    0:09:28 I can figure this out.
    0:09:29 I know I can.
    0:09:31 The people that can take apart a car
    0:09:34 and figure out how to put it back together, I can’t do that.
    0:09:37 But when it comes to digital stuff, I am so good at that.
    0:09:42 And so online courses cracked my life open in such a beautiful way.
    0:09:42 But it did.
    0:09:45 It allowed me to reach people outside of where we lived
    0:09:47 in this tiny village in Wisconsin.
    0:09:51 And it allowed me to connect with other photographers
    0:09:52 who were struggling with the same thing
    0:09:55 so that they could really focus on the art and their craft.
    0:09:55 Yeah.
    0:10:00 So I really resonate with this because I started my first course a year ago.
    0:10:01 Yeah.
    0:10:06 And at the time, I didn’t really realize that I had a course under my belt.
    0:10:10 I have a social media agency and it’s very expensive to work with us.
    0:10:12 You’re actually one of my social clients.
    0:10:15 And so it’s like $10,000 a month minimum to work with us.
    0:10:17 And I’d have lots of people coming to me being like,
    0:10:20 I really want your help, but I can’t afford your services.
    0:10:22 I really want your help, but I can’t afford your services.
    0:10:25 And then I realized that this agency that I’m building,
    0:10:28 in order to get more clients, every time I get three more clients,
    0:10:30 I have to hire five more people.
    0:10:33 And I don’t want to have like a 3,000 person organization.
    0:10:34 That’s a lot of stress on me.
    0:10:35 Yeah.
    0:10:38 So I was like, what can I do to sort of lay it all out
    0:10:41 and the same trainings that I give my team,
    0:10:43 the same checklists I give them,
    0:10:46 how can I take what I give my team to service my clients
    0:10:48 and then turn it into a class?
    0:10:48 Yes.
    0:10:49 And then I did that.
    0:10:51 And I just used everything that we already had.
    0:10:54 So the course was very fast to put together,
    0:10:56 because I think a lot of people don’t realize
    0:10:59 that if you have an agency, you probably have a course.
    0:11:02 Because whatever you’re doing, you can package it up
    0:11:05 and teach other people how to do what you do to service your clients.
    0:11:08 And I feel like a lot of people don’t realize that.
    0:11:10 The other thing with courses is that it just gives you
    0:11:14 so much content to then create an audience and attract an audience.
    0:11:17 So for example, I have like a two-day masterclass on LinkedIn.
    0:11:22 And my team literally just goes to the slides that I created
    0:11:24 and then creates posts, you know what I mean?
    0:11:27 Because they have all the content, I’ve written it all down.
    0:11:31 So I’d love to understand how did you end up becoming an influencer?
    0:11:35 Because you’ve got like a million plus followers on Instagram,
    0:11:37 you’re huge on Pinterest too.
    0:11:39 How did that piece come about?
    0:11:42 Was the podcast the first thing that kicked that all off?
    0:11:46 It all grew super organically until it didn’t.
    0:11:49 When I was a wedding photographer, I realized really quickly
    0:11:52 that there were a million wedding photographers in my area
    0:11:53 that were really talented.
    0:11:56 And the only thing that made me different was me.
    0:11:59 Because we were all delivering a very similar finished product.
    0:12:03 And so even in the early days, and I mean, this is like,
    0:12:05 oh gee, Instagram, we’re talking here.
    0:12:08 Like when we used to use those weird Valencia filters,
    0:12:10 I would just share my life.
    0:12:13 And I would just share who I was and what I was struggling with.
    0:12:15 I would share working from home with no makeup on.
    0:12:18 Like this is the reality of it.
    0:12:20 And it was so interesting because
    0:12:21 when I first became a wedding photographer,
    0:12:22 I just hid behind my work.
    0:12:24 It was like the safe spot.
    0:12:27 I figured surely everyone only wants to see my work.
    0:12:29 And I remember years and years and years ago,
    0:12:32 polling my audience of like, what are your favorite posts?
    0:12:33 And it was all personal.
    0:12:35 And I was like, what is this?
    0:12:38 Fast forward a few years, we went to Hawaii,
    0:12:39 and I wanted to do an experiment.
    0:12:41 And I love experimenting.
    0:12:43 I am like a huge experimenter.
    0:12:46 And so I said, for 30 days, I’m going to only post me.
    0:12:49 And this is at a time when I’d been hiding behind my work for years.
    0:12:53 And my engagement skyrocketed.
    0:12:56 My confidence in myself grew.
    0:12:58 My connection to my audience grew.
    0:13:01 And I was like so fascinated by it because I was like,
    0:13:04 this seems like the least interesting thing of what I’m doing.
    0:13:06 I was just sharing my life.
    0:13:09 And it really made me realize people need to connect with people.
    0:13:12 And I never set out to be an influencer.
    0:13:16 I really wanted to just continue to grow and share.
    0:13:19 And I really have realized over the last few years,
    0:13:24 my dream is to help women build businesses they don’t hate
    0:13:25 and build lives that they love.
    0:13:29 And I have been taking people on this journey,
    0:13:33 not as I have figured this all out, but like, I am still learning.
    0:13:34 I am still growing.
    0:13:35 I’m still figuring this out.
    0:13:38 And so when I started doing social media collaborations
    0:13:41 and social media promotions and different things like that,
    0:13:43 it just felt so natural because I am the kind of person
    0:13:46 where I’m like, oh my God, have you tried this new lip gloss?
    0:13:49 Or like this skin cleanser is life changing.
    0:13:52 Like when I go on a girls date with my girlfriends,
    0:13:55 by the end of the day, I’ve dropped 10 links of things
    0:13:57 that I’m just telling them about because I’m like,
    0:13:59 if this works for me, this could work for you.
    0:14:01 Like I just love not gatekeeping,
    0:14:04 whether it’s business or beauty products or whatever that is.
    0:14:08 And so that was just such an interesting facet for me to realize
    0:14:09 people care about the business.
    0:14:12 Yes, but they also care about what’s happening behind the business
    0:14:14 and like what’s fueling it.
    0:14:15 And so that was interesting.
    0:14:16 We did have a viral moment.
    0:14:18 So I grew very organically.
    0:14:20 I felt like I knew every single follower.
    0:14:22 Like I just, it felt that way.
    0:14:23 And we had a moment go viral.
    0:14:26 And it was a photo of me and my husband on the beach in Hawaii.
    0:14:29 And I was talking about body image.
    0:14:33 It was the funniest post because I just, I never expected to go viral.
    0:14:35 I think that’s what happens with viral posts.
    0:14:38 And I was clapping back at someone who had said,
    0:14:40 how can a woman like you get a man like him?
    0:14:42 And my husband is very fit.
    0:14:43 He’s very in shape.
    0:14:44 At the time I was curvier.
    0:14:48 I had been going through miscarriages and lost my body had been through so much.
    0:14:49 And I was just angry.
    0:14:51 And I was like, who are you to say this?
    0:14:53 We have been together for a decade.
    0:14:56 He has loved me through every pound, every pimple, like everything.
    0:15:00 And that post blew up and overnight we got hundreds of thousands of followers.
    0:15:02 And blessing and a curse, right?
    0:15:05 Double-edged sword because, wow, this is amazing.
    0:15:08 But also like, who are these people and why are they here?
    0:15:08 Yeah.
    0:15:09 And what are they watching for?
    0:15:11 That’s when I first found out about you.
    0:15:16 Because I was starting to podcast and I was growing popularity in podcasts.
    0:15:18 And then I remember hearing about Jenna Kutcher.
    0:15:24 And your likeliness was so tied up with body image.
    0:15:28 And so like you were the body image girl that was spreading body positivity.
    0:15:30 And that’s what you were known for.
    0:15:33 Was that hard to sort of get out of that box?
    0:15:34 Because now you’re out of that box.
    0:15:34 Yeah.
    0:15:40 Well, it was so confusing because I had talked about body image for years.
    0:15:43 I think it’s a lifelong journey to learn how to love yourself.
    0:15:45 And I don’t think it ever ends.
    0:15:49 And so the fact that one random post goes off.
    0:15:53 And then here I am running a business, teaching entrepreneurs.
    0:15:57 And now all these people are following commenting about my body,
    0:16:01 wanting more of that content that I’m not monetizing because I didn’t want to monetize it.
    0:16:02 Yeah.
    0:16:04 It was very confusing.
    0:16:06 And again, it was such a blessing and a curse.
    0:16:09 Because so many people resonated with the message and it connected with them.
    0:16:12 And they felt seen and they felt understood.
    0:16:16 And at the same point too, as a creator, it’s like, what do I do with this?
    0:16:19 And as a business owner, where do we go from here?
    0:16:21 Like I’m not going to sell a course about body image.
    0:16:24 And so it was a really interesting time.
    0:16:28 And I think that I just did my best to like stay very true to myself.
    0:16:30 Stay very grounded in the message to be clear of like,
    0:16:32 here’s what you can expect if you stick around here.
    0:16:35 Because this isn’t going to become this type of account.
    0:16:37 And so, yeah, it was very interesting.
    0:16:40 Let’s hold that thought and take a quick break with our sponsors.
    0:16:43 Hey, yeah, ma’am.
    0:16:47 Launching my LinkedIn secrets masterclass was one of the best things I’ve ever done for my business.
    0:16:52 And I didn’t have to figure out all the nuts and bolts of creating a website for my course.
    0:16:54 I needed a lot of different features.
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    0:17:00 I needed promo code discounts.
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    0:20:01 Yeah, fam.
    0:20:04 If you’re anything like me, you didn’t start your business
    0:20:06 to spend all your time managing finances.
    0:20:09 Budgeting, invoicing, and tax prep?
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    0:20:22 for banking, expense tracking, and contractor payments.
    0:20:25 We wanted a tool that could just do it all.
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    0:20:31 “Found” is an all-in-one financial tool
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    0:21:27 Banking services are provided by Pyrmont Bank, member FDIC.
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    0:21:32 They also offer an optional paid product, “Found Plus.”
    0:21:37 I want to dig into the course thing
    0:21:41 and how it lended itself so nicely to you doing affiliates.
    0:21:42 Yeah.
    0:21:44 Because something that a lot of entrepreneurs don’t realize
    0:21:48 is that once you figure out how to promote something well,
    0:21:49 you can then just take that
    0:21:51 and replicate it in a million different ways.
    0:21:52 Yes.
    0:21:53 And I was even talking about this.
    0:21:55 Yesterday, me and Jenna were at the IAB Upfronts.
    0:21:59 We were both very integrated into this big podcasting event
    0:22:00 for advertisers.
    0:22:02 And I was telling the advertisers,
    0:22:05 “Yeah, media, my network, we’re all business owners.”
    0:22:09 And so we understand how to promote our own products and services.
    0:22:11 And then we turn that into podcast sponsorships.
    0:22:12 Yes.
    0:22:14 So that’s what I’ve been doing.
    0:22:16 You’ve been doing that with affiliate marketing.
    0:22:18 So I’d love for you to walk through
    0:22:21 how do you actually promote your courses?
    0:22:23 And then what is the relationship to that?
    0:22:25 And then how you started affiliate marketing.
    0:22:27 Yeah, oh my gosh, I love affiliate marketing.
    0:22:29 I know, I don’t do any of that.
    0:22:31 Oh my gosh, people.
    0:22:35 Okay, so we do seven figures in affiliate marketing each year
    0:22:37 over seven figures.
    0:22:40 If people are wondering, are you getting pennies to the dollar?
    0:22:42 Like, this can be a very lucrative thing,
    0:22:45 especially if you don’t have a ton of offers
    0:22:46 that you are selling on your own.
    0:22:48 Affiliate marketing is literally just recommending
    0:22:51 someone else’s product and getting a commission when people buy it.
    0:22:54 And so if you have gotten people’s trust
    0:22:57 in what you are recommending with anything
    0:22:59 and they do trust you,
    0:23:01 they will follow you wherever you lead them to
    0:23:03 in a beautiful way, right?
    0:23:07 I love affiliate marketing, whether it is skincare,
    0:23:10 whether it is jeans, whether it is another online course,
    0:23:12 I just think it’s so powerful.
    0:23:14 And the reason why I love it
    0:23:17 is because I am not an expert in everything.
    0:23:20 Very clearly, I’m not an expert in all the things.
    0:23:24 And I want to recommend things and people that I love
    0:23:25 to the people that I love.
    0:23:26 Yeah.
    0:23:27 I am a natural connector.
    0:23:30 My greatest joy in life is connecting people that I love
    0:23:33 to each other, connecting people to products that they love.
    0:23:35 So one of the things that I’ve realized
    0:23:36 is I can sell my own stuff.
    0:23:38 That’s wonderful.
    0:23:40 But what does it look like when I partner up
    0:23:42 with brands that I love and with people that I love
    0:23:44 and help promote their business?
    0:23:47 We recently partnered with one of my dear friends
    0:23:49 who I’ve literally known for almost a decade
    0:23:52 and she’s my copywriter and she has an amazing course.
    0:23:55 And I was like, “Ashlyn, let me talk about your course.
    0:23:57 Your work has changed my life
    0:23:59 and so many people could benefit from this.”
    0:24:01 And I am not a pro copywriter.
    0:24:03 And it transformed her business.
    0:24:04 It changed her launch.
    0:24:05 It made her show up differently.
    0:24:07 My audience was like there.
    0:24:09 We had thousands of people sign up for Masterclass.
    0:24:11 And so it’s like so fun for me
    0:24:14 because I get to support the people and brands that I love.
    0:24:16 I get a commission from what I’m selling
    0:24:19 and I get to kind of experiment
    0:24:20 with different marketing strategies
    0:24:22 because there’s less skin in the game
    0:24:23 and I get to be more creative of like,
    0:24:25 what does this look like?
    0:24:26 But go into the nitty gritty.
    0:24:27 Like what are you doing?
    0:24:30 I know you’re using many chat automations.
    0:24:32 Are you leveraging an email list?
    0:24:34 And not like just tell me like, what are you doing?
    0:24:35 Okay, you want me to give you the wavelength.
    0:24:38 Okay, so if somebody’s listening to this
    0:24:39 and you have a podcast,
    0:24:41 a very natural way to do this
    0:24:43 is to have a podcast interview
    0:24:44 and to be able to tie it to somebody’s offer.
    0:24:46 That’s what we did when we did my LinkedIn course.
    0:24:47 Yes.
    0:24:49 And so just naturally integrating
    0:24:51 what that person is an expert in
    0:24:53 and inviting people with a call to action
    0:24:54 at the end of the podcast.
    0:24:56 If you have an email list sending out emails
    0:24:58 about, “Hey, this person that I trust,
    0:25:00 this is my experience with them.
    0:25:02 This is how they’ve transformed things for me.
    0:25:04 This is why you should trust them
    0:25:05 or join their free master class.”
    0:25:08 If you have Instagram, sharing about it on Instagram.
    0:25:11 So we basically built this almost like flywheel
    0:25:13 where we could have a guest on our podcast.
    0:25:15 We could send out a couple emails.
    0:25:16 I could do an Instagram live with them
    0:25:18 and a few Instagram posts.
    0:25:19 And that’s honestly it.
    0:25:20 And they take care of the rest.
    0:25:22 And it’s people that I trust
    0:25:24 that are going to serve my audience
    0:25:25 well at the highest level.
    0:25:26 Yeah.
    0:25:28 And then if it’s the right offer for them,
    0:25:29 they’ll take it.
    0:25:32 So now you’ve got millions of followers.
    0:25:36 Take us back to when you didn’t have millions of followers.
    0:25:37 It wasn’t that long ago.
    0:25:40 How would you promote something then?
    0:25:42 Maybe you’ve got a couple thousand followers,
    0:25:44 but you’re really smart.
    0:25:46 You already make money doing something really well.
    0:25:48 Maybe you have a job and you do something really well.
    0:25:50 Maybe you have a company and you do something well.
    0:25:51 But you just don’t have a lot of followers.
    0:25:53 How would you then either sell courses
    0:25:54 or affiliate marketing?
    0:25:55 Yeah.
    0:25:57 I would say two channels.
    0:25:58 Pinterest is huge.
    0:25:59 And I love Pinterest.
    0:26:00 That’s a juicy one.
    0:26:01 No one talks about this.
    0:26:04 Y’all, Pinterest is a search engine.
    0:26:06 It’s not social media.
    0:26:08 And it’s so crazy to me that people think
    0:26:11 that it is just a place to like plan your dream life
    0:26:13 but not do anything about it.
    0:26:14 When people go on to Pinterest,
    0:26:18 they are typing in recipes with sausage,
    0:26:20 makeup looks for work,
    0:26:22 or capsule wardrobes for vacation.
    0:26:25 Like people are typing in keywords.
    0:26:28 And they’re typing in stuff that you have created
    0:26:29 or work that you could create.
    0:26:29 Yeah.
    0:26:33 And so we get millions of views on Pinterest a month
    0:26:35 just using like the same strategies
    0:26:37 you would use for search engine optimization.
    0:26:38 Just using keywords.
    0:26:40 That’s so smart because nobody’s doing that.
    0:26:42 Nobody’s doing it.
    0:26:44 Especially if we’re targeting women.
    0:26:44 Yes.
    0:26:46 And the cool thing about that is
    0:26:48 with Pinterest being a search engine,
    0:26:49 it’s not a popularity contest.
    0:26:51 So unlike other social platforms,
    0:26:52 in order to get your work seen,
    0:26:54 you have to have a massive following
    0:26:56 because it is a search engine.
    0:26:59 If you are search engine oriented,
    0:27:00 you will be found.
    0:27:00 Yeah.
    0:27:02 And so if you are someone listening to this
    0:27:03 and you’re like great for you,
    0:27:06 I don’t have a million followers or I don’t have this.
    0:27:08 Pinterest is an amazing place.
    0:27:10 We use Pinterest to grow our email list.
    0:27:13 I look at marketing very distilled down.
    0:27:14 There are two focuses.
    0:27:16 The first primary focus is growing your email list.
    0:27:17 Why?
    0:27:18 It is an asset that you own.
    0:27:20 It is something you can control.
    0:27:21 Social media is amazing.
    0:27:23 It is rented space.
    0:27:23 You do not own it.
    0:27:24 You can’t control it.
    0:27:26 You are battling multiple algorithms.
    0:27:28 Your email list is a true asset.
    0:27:29 If you are somebody listening
    0:27:31 and you want to be in business three years from now,
    0:27:33 five years from now, 10 years from now,
    0:27:34 you have to have an email list.
    0:27:36 That is the only way.
    0:27:38 Priority number one in marketing is an email list.
    0:27:41 Priority number two is any other platform
    0:27:42 that you are using,
    0:27:46 whether it is LinkedIn, YouTube, a podcast, Instagram,
    0:27:49 all of those efforts need to be getting people
    0:27:52 off of those platforms and onto your email list.
    0:27:53 That is it.
    0:27:55 It is so funny because we overcomplicate marketing
    0:27:57 and we are like, Instagram does not work.
    0:27:59 How are you using Instagram?
    0:28:00 Are you serving or are you selling?
    0:28:03 If you are selling, no wonder it does not work.
    0:28:07 Your primary focus as a creator is to start your email list
    0:28:09 and then any efforts that you have,
    0:28:11 the goal should be to get people off
    0:28:12 of whatever platform they are on
    0:28:14 and onto your list because, again, you own that.
    0:28:18 You get them off of the platform by serving them
    0:28:20 and then retargeting them in the DM
    0:28:22 to get them in your email list.
    0:28:23 One of the biggest regrets I have
    0:28:25 is not starting my email list
    0:28:28 until just a couple of years ago I started it.
    0:28:30 And my favorite way, I do not know if you do this,
    0:28:32 to get emails is to do webinars.
    0:28:33 Yes, yes.
    0:28:35 So I do these private Zoom webinars
    0:28:38 where I will do LinkedIn training, sales trainings.
    0:28:41 I am doing a mental health one for entrepreneurs
    0:28:42 later this summer.
    0:28:45 And then I will get 1,000, 2,000 people registering.
    0:28:47 Boom, I got 2,000 emails now.
    0:28:50 And they opted in so I can communicate with them now.
    0:28:53 And there’s so much clicks and conversions
    0:28:54 that happen in email.
    0:28:56 It’s a lot of sales that are happening on email.
    0:28:57 So I love that.
    0:28:59 Okay, so we talked about a number
    0:29:00 of your revenue streams already.
    0:29:03 We talked about your watercoloring business
    0:29:05 when you first started out.
    0:29:06 We talked about courses.
    0:29:09 We talked a little bit about podcasts
    0:29:11 and your different sponsorships and affiliate marketing.
    0:29:12 What other revenue streams do you have?
    0:29:15 So one thing that we are super passionate about
    0:29:16 is real estate.
    0:29:18 And I love real estate.
    0:29:20 I love property.
    0:29:22 I love looking at houses online.
    0:29:25 Like there’s something about making a space a home
    0:29:30 and sharing it even that just feels so powerful to me.
    0:29:34 And years and years ago, Drew and I used to spend
    0:29:37 multiple months of the year in Maui.
    0:29:40 And it was after I had had this revelation of like,
    0:29:43 I can build a business that can run while I rest.
    0:29:45 Like what would it look like if we spent a month on Maui?
    0:29:47 And then it turned into two and three
    0:29:48 and we started to fall in love.
    0:29:51 But we were also spending a lot of money staying there.
    0:29:53 And we would stay in Airbnb’s each time
    0:29:56 and we started to like ask ourselves questions.
    0:29:57 Okay, we’re spending a lot of money here.
    0:29:59 Like what would this look like?
    0:30:03 Could there be a possibility that we could do this ourselves?
    0:30:04 And I’ll never forget a trip.
    0:30:06 My parents came to visit us and there was an open house.
    0:30:08 We were walking down the beach and we’re like,
    0:30:09 I don’t know, let’s just pop in and look.
    0:30:13 And I started to really dream bigger.
    0:30:15 And at the time of business was not at all the size
    0:30:16 that it is today.
    0:30:19 And I remember we went through this open house.
    0:30:22 I took the little flyer and I went and sat in a coffee shop
    0:30:24 and I started doing math and I started thinking about,
    0:30:26 okay, how much are we spending a month when we’re here?
    0:30:28 How much rent could we potentially earn?
    0:30:29 What would the expenses be?
    0:30:31 What are the HOAs?
    0:30:31 What does this look like?
    0:30:35 And one thing that’s super interesting about Hawaii
    0:30:36 is there’s a lot of different zoning.
    0:30:39 So there’s apartment zone and there’s hotel zone.
    0:30:42 And the place that we were looking at used to be a hotel.
    0:30:44 It literally is zoned as a hotel.
    0:30:45 And I remember just thinking,
    0:30:48 this is so peculiar that this was an operating hotel
    0:30:51 and they have now created it into spaces that people could own.
    0:30:55 And I sat down in this coffee shop and started running the numbers
    0:30:57 and I’m like, I think we could make this work.
    0:30:59 And I remember telling Drew,
    0:31:01 I am committed to eating ramen noodles for a year
    0:31:05 if we do this because we just loved being on the island
    0:31:06 and we loved having this space.
    0:31:09 And the thought of doing it was just so exciting.
    0:31:11 And so we ended up putting in an offer.
    0:31:14 I will never forget, we flew back to the island.
    0:31:16 So we got this place and I’ve been owned
    0:31:18 by this sweet, sweet old couple for years.
    0:31:22 And we had one week to like flip the unit
    0:31:23 and get it ready for Airbnb.
    0:31:27 And I literally thought we’re going to get divorced that week
    0:31:31 because we were like painting and getting the couch
    0:31:32 and the couch was too big.
    0:31:33 It couldn’t fit through the door.
    0:31:35 And all these like silly things that we were like,
    0:31:37 what did we get ourselves into?
    0:31:40 And it’s ended up being one of like the biggest blessings.
    0:31:44 We have hosted hundreds of couples over the years.
    0:31:47 We have had so many repeat guests come back to our space
    0:31:51 and we have been able to create a community with our guests
    0:31:54 with the team that helps us take care of our property.
    0:31:55 It’s been so beautiful.
    0:31:58 We’ve also been able to give back so much to the community.
    0:32:00 Like we bought a place on the island
    0:32:02 because we care about the island.
    0:32:04 And so last year alone,
    0:32:08 we donated over 30% of our profits to locals and to support them.
    0:32:11 We were able to help people in need
    0:32:13 when the devastating fire went through Lahaina.
    0:32:14 We opened up our doors.
    0:32:17 We housed locals for over two months in our unit.
    0:32:19 And we just took care of people.
    0:32:22 We used our network of other Airbnb hosts.
    0:32:23 And we said like, open your doors.
    0:32:26 We will pay all of your expenses, just get people in.
    0:32:30 And so it was amazing to see like, yes, it is a property.
    0:32:34 And yes, it is this place where people can rent and stay.
    0:32:36 But we’re also doing something a lot bigger with it.
    0:32:38 And that matters to me.
    0:32:40 Anything that I do has to have meaning.
    0:32:41 Yeah.
    0:32:46 And I care so deeply about the why behind our work
    0:32:49 that like I want to make sure that there is always facets
    0:32:53 of respect and community built into everything that we do.
    0:32:55 And so it’s been beautiful.
    0:32:58 My parents were just down there and stayed.
    0:33:00 And to be able to like see our space be shared
    0:33:02 and loved by people we love,
    0:33:04 but also taken care of by people we love
    0:33:06 and enjoyed by people we love.
    0:33:09 It just feels like this trifecta of blessings upon blessings.
    0:33:12 And I love property.
    0:33:15 And I love the idea of putting together a space
    0:33:17 where people are making lifelong memories.
    0:33:19 Because when we went to Hawaii, it was like a bucket list trip.
    0:33:23 It was like someday in our lifetime, I want to go to Hawaii.
    0:33:26 And the fact that like now we get to host people
    0:33:28 on their bucket list trips, how cool is that?
    0:33:29 I love that.
    0:33:31 I could see like the joy exuding from you.
    0:33:35 Like it makes you so happy to host these people in your home
    0:33:36 and make your home beautiful.
    0:33:38 And something that people don’t realize
    0:33:41 is that you don’t necessarily need an investment property
    0:33:42 to do this.
    0:33:44 You could do this in your own home now.
    0:33:46 You can host a room in your house.
    0:33:49 Yeah, that is something that is coming up a lot lately.
    0:33:49 Yeah.
    0:33:52 And it’s an amazing way for people to like supplement
    0:33:55 their mortgages or to like help pay their rent.
    0:33:57 And Drew and I experienced this years ago.
    0:34:00 And I feel like these people were ahead of the curve on this.
    0:34:02 But we went on an anniversary trip
    0:34:04 and we were driving along the coast of California.
    0:34:08 And we rented a room in this bed and breakfast type house.
    0:34:09 But they owned a farm.
    0:34:11 And I was like, I want to see the alpaca.
    0:34:12 I want to check out the goats.
    0:34:14 I want to collect the eggs from the chickens.
    0:34:17 And it was a whole different life than what we were living.
    0:34:19 And I remember we like showed up and they greeted us at the door
    0:34:23 and they had a bottle of wine chilled, charcuterie boards out.
    0:34:24 And like we sat and talked to them.
    0:34:27 And we got to know about their life of living on this farm
    0:34:29 and why they were doing it.
    0:34:32 And it was such a cool experience where it opened my eyes up.
    0:34:34 I was like, yeah, it doesn’t have to be a whole house.
    0:34:36 You don’t have to buy a condo.
    0:34:38 Like you can literally do this wherever you are
    0:34:40 and start to share your space in such a meaningful way.
    0:34:44 We’ll be right back after a quick break from our sponsors.
    0:34:50 Yap gang, I appreciate a good deal just like anyone else.
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    0:36:27 Young Improviders, I spent years slaving away
    0:36:30 in so many different jobs trying to prove myself,
    0:36:33 trying to figure out what gave me joy at work
    0:36:35 and trying to build productive teams.
    0:36:37 Eventually, I figured it all out.
    0:36:40 But what if you could learn that stuff about yourself and your team
    0:36:42 and a fraction of the time that I did?
    0:36:45 The working genius model will transform your work,
    0:36:49 your team, and your life by leveraging your natural gifts.
    0:36:52 We each possess a unique set of skills.
    0:36:53 And let’s face it,
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    0:36:57 when you lean into, rather than away from,
    0:36:59 your natural true talents.
    0:37:02 Working genius can help you discover how to increase
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    0:37:06 what your working geniuses really are.
    0:37:10 The working genius assessment only takes 10 minutes,
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    0:37:15 I took the assessment and my two primary working geniuses
    0:37:17 are inventing and galvanizing.
    0:37:20 I just love creating new things and then rallying people
    0:37:22 together to bring them to life.
    0:37:24 That’s why I’ve been starting businesses
    0:37:26 and growing teams for years.
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    0:38:04 Young game profitors,
    0:38:06 when I started my podcast, I had a volunteer team.
    0:38:08 I was able to just go on social media,
    0:38:10 put up a post, recruit some interns,
    0:38:12 and it was no big deal.
    0:38:14 But as we scaled as a company,
    0:38:16 I need real A players.
    0:38:19 I need people with experience, but we’re a small company.
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    0:38:26 with no HR team.
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    0:39:37 So something else that’s really popular now
    0:39:38 is working remotely.
    0:39:41 So many people can work from anywhere now.
    0:39:46 And so I imagine that if you explore it and it’s possible,
    0:39:50 you can just put your apartment or house on Airbnb
    0:39:52 and then go work remotely to some place that you’ve never been.
    0:39:56 It’s such a win-win solution because it would offset any costs
    0:39:59 of you going and working from somewhere else.
    0:39:59 Yeah.
    0:40:01 Right through the movie, “The Holiday.”
    0:40:02 Did you ever see that movie?
    0:40:02 No.
    0:40:03 Oh my gosh.
    0:40:05 They house swap.
    0:40:07 So one person goes to LA and one person goes to–
    0:40:07 I did house them.
    0:40:08 Yes.
    0:40:10 And they trade houses.
    0:40:12 And I’m like, that is so genius.
    0:40:13 Because it is true.
    0:40:15 A lot of people these days have a lot more freedom
    0:40:17 and flexibility to work wherever.
    0:40:22 I know during the pandemic, we moved up to our lake house
    0:40:23 in Minnesota.
    0:40:25 And our neighbors there have spaces
    0:40:27 that they rent on Airbnb.
    0:40:29 And during the pandemic, we would go on walks with them
    0:40:29 every day.
    0:40:32 And they had this huge dream of living in Hawaii.
    0:40:33 That’s where they had met initially.
    0:40:34 They wanted to live in Hawaii.
    0:40:38 They were able to rent out their spaces in Minnesota.
    0:40:39 And now they live in Hawaii.
    0:40:40 Amazing.
    0:40:42 And it’s like crazy because you just see
    0:40:44 that there’s so much possibility there.
    0:40:47 And a little bit of creativity, which I think entrepreneurs
    0:40:48 naturally have.
    0:40:49 And so it’s like, maybe this is something
    0:40:51 that you haven’t even considered.
    0:40:53 But what would it look like if you explored it?
    0:40:57 So I am curious about starting an Airbnb.
    0:41:00 And one of my fantasies is I’m not married yet.
    0:41:03 I was in a long-term relationship begging
    0:41:06 him to do Airbnb with me, to host an Airbnb.
    0:41:09 Because to me, I feel like it’s such a fun project
    0:41:10 to do with a partner.
    0:41:13 Like it just seems like the perfect business project
    0:41:15 to work on with somebody that you love,
    0:41:17 because it’s relatively easy.
    0:41:21 It’s an investment that both of you guys will be a part of.
    0:41:24 There’s enough things for both people to do.
    0:41:26 And to me, it just seems like such an awesome thing
    0:41:27 to do with your partner.
    0:41:29 So can you talk to us about doing this with your husband
    0:41:30 and what that is like?
    0:41:31 Yeah.
    0:41:32 I got a shout out my husband, Drew,
    0:41:35 because he does most of our work with the Airbnbs.
    0:41:36 And he loves it.
    0:41:39 Like he is our real estate professional in our family.
    0:41:41 He really enjoys it.
    0:41:43 And so he does the majority of it.
    0:41:46 And it is so fun, because I love the decor.
    0:41:47 I love the messages.
    0:41:50 I love making sure our guests feel cared for.
    0:41:51 I love the recommendations.
    0:41:54 Like all things we’ve talked about in this episode.
    0:41:57 And he is very good at like the financial side
    0:42:00 and the organization and managing our cleaner
    0:42:02 and just like different things like that,
    0:42:05 where he has more of the boots on the ground mentality.
    0:42:07 And I’m more of, here’s the experience.
    0:42:09 I’m going to paint this picture.
    0:42:10 And so it is so fun.
    0:42:12 And we always want to pick places
    0:42:14 that we love and enjoy ourselves.
    0:42:17 And so it’s, we love this and you will love this too,
    0:42:18 which is a theme.
    0:42:19 Have you noticed?
    0:42:20 I love telling people about business.
    0:42:22 I love telling people about the products I love.
    0:42:24 I love just sharing experiences with people.
    0:42:26 And so it was such a natural progression.
    0:42:28 And for us to do it together,
    0:42:31 it was our first big investment as a couple.
    0:42:33 We really had to have conversations.
    0:42:34 Can we do this?
    0:42:35 Well, we do this.
    0:42:36 What does this look like?
    0:42:38 And it felt like a huge leap of faith.
    0:42:40 And it’s just been one that has been this like beautiful journey
    0:42:41 for the both of us.
    0:42:43 And I feel like it connects you guys closer
    0:42:46 because you guys are in business together.
    0:42:48 You’re making money together.
    0:42:49 I just feel like that’s such an awesome thing
    0:42:50 to do with your partner.
    0:42:51 So I love that you do that.
    0:42:53 So something else to know about Jenna
    0:42:56 is that she only does stuff that brings her joy.
    0:42:58 You only do things that you want to do.
    0:43:00 I bring Jenna opportunities all the time.
    0:43:04 She’s in my podcast network where I booked sponsorships for her.
    0:43:05 And she’ll be like, I don’t want to do that.
    0:43:06 I’m burnt down.
    0:43:07 I’m burnt down on IG reels.
    0:43:09 And I’m like, but it’s thousands of dollars.
    0:43:10 Are you sure?
    0:43:12 And she’s like, yeah, I don’t care.
    0:43:12 I’m burnt out.
    0:43:13 I’m not doing that.
    0:43:14 Yeah.
    0:43:16 You can book it in two months or whatever.
    0:43:17 So talk to me about that.
    0:43:20 How are you able to sort of just put your foot down?
    0:43:24 A lot of people couldn’t just turn down money like that.
    0:43:26 First off, it is such a privilege to be in a position to do this.
    0:43:27 Yeah, it wasn’t always like that.
    0:43:28 No.
    0:43:30 You’ve got to sacrifice.
    0:43:32 But I’ve realized, and here’s what I’ve really realized,
    0:43:35 is if you have listened to this whole episode,
    0:43:37 you recognize the power of trust.
    0:43:39 And I want my community to trust me.
    0:43:41 And if something isn’t in alignment,
    0:43:44 not only do I feel it, but they feel it.
    0:43:47 And so I have had to get so good at discerning,
    0:43:48 what are the right partners?
    0:43:49 What are the right opportunities?
    0:43:52 What are the right sponsorships to take on?
    0:43:53 Is this in alignment?
    0:43:55 And I feel that way with every opportunity,
    0:43:58 whether it is getting asked to speak on stages
    0:44:00 that I would have once dreamt of being on,
    0:44:02 but now I’m saying no to,
    0:44:04 or whether it is hosting a mastermind or all these things.
    0:44:06 I could do a million things.
    0:44:07 I don’t want to.
    0:44:10 And I think that I’m just at this place in my life
    0:44:14 where I just recognize peace needs to be protected.
    0:44:17 And right now in this stage of my life,
    0:44:19 my priority is my family.
    0:44:23 And anything that I’m saying yes to is a no to them.
    0:44:25 And what is the most important thing to me?
    0:44:27 And so turning down things like recording
    0:44:29 another social media reel, to me it’s like,
    0:44:31 but this is more time with my kids,
    0:44:33 or this is protecting and preserving
    0:44:35 the integrity of my followers.
    0:44:38 She’ll even turn down things that are a good fit.
    0:44:39 Totally, totally, I will.
    0:44:42 She’ll turn down things that are a great fit for her,
    0:44:43 because she’s like, no,
    0:44:45 my time with my family is more important.
    0:44:49 Yeah, and I think that boundaries protect what’s sacred to you.
    0:44:52 And I’ve just had to relearn this lesson
    0:44:53 over and over and over again.
    0:44:55 Boundaries aren’t bad.
    0:44:59 And boundaries keep what I say most important to me,
    0:45:01 and they exemplify that.
    0:45:03 What I am saying is most important to me
    0:45:04 is reflected in my calendar.
    0:45:06 It is reflected in my bank account,
    0:45:08 is reflected in the way I show up every single day.
    0:45:12 And so it’s a muscle that you have to learn to flex,
    0:45:13 and it takes time,
    0:45:16 because I think that there was a time in my life
    0:45:18 where I got paid $50 to take pictures of a cat
    0:45:19 and I couldn’t believe it.
    0:45:21 Like somebody is paying me to do something.
    0:45:23 I love this is amazing.
    0:45:24 And what a blessing that is.
    0:45:27 And the better that you get out listening to your gut
    0:45:29 and discerning like, well, this is a great opportunity,
    0:45:31 but is it the right opportunity for me?
    0:45:34 It keeps you in alignment so that you are not
    0:45:36 passing up things that you should be saying yes to
    0:45:37 and that you are not saying yes to things
    0:45:39 that you should be saying no to.
    0:45:43 And so I feel like I just have a really strong intuition
    0:45:44 and a gut game.
    0:45:46 And I don’t apologize for saying no any longer,
    0:45:49 because my no is literally just a reflection
    0:45:52 of what is mattering the most to me right now.
    0:45:54 Okay, well, this has been such an awesome conversation
    0:45:57 about all the different ways that you generate revenue.
    0:45:59 We talked about courses, affiliate marketing.
    0:46:03 We talked about you hosting a property on Airbnb.
    0:46:04 And also about your mindset.
    0:46:07 I love learning about that because I need to have
    0:46:08 some more boundaries.
    0:46:09 So thank you for sharing that.
    0:46:11 And thank you for joining us on Young and Profiting Podcast.
    0:46:12 Thanks for having me.
    0:46:19 I loved having Jenna on the show.
    0:46:21 And this was actually one of the first times
    0:46:23 that I met Jenna in person.
    0:46:24 The first time I met her in person
    0:46:26 was actually the day before this interview.
    0:46:30 I had flown out Jenna for a podcast network event,
    0:46:32 the IAB UpFriends.
    0:46:35 Jenna’s somebody that I looked up to for so long.
    0:46:40 She’s just so bubbly, so nice, so genuine.
    0:46:41 Like, she’s the real deal.
    0:46:45 It’s so obvious why she’s so successful.
    0:46:49 And Jenna is the OG female podcaster.
    0:46:52 I’ve been looking up to Jenna since I first started podcasting.
    0:46:59 And it’s so crazy that now four or five years later, we’re peers.
    0:47:00 She’s actually in my network.
    0:47:01 We’re business partners.
    0:47:06 And it’s just so crazy to think so much can happen in four or five years
    0:47:09 if you just put your nose to the ground and work hard.
    0:47:13 It’s just a surreal moment for me to be basically talking
    0:47:18 to one of my podcast idols in person, being her friend,
    0:47:19 talking to her all the time online,
    0:47:21 and now being able to meet in person.
    0:47:25 And by the way, we recorded this live in an Airbnb
    0:47:27 and you can watch it on YouTube.
    0:47:31 So if you want to look it up and see what it was like
    0:47:34 with us interacting on video, go to my YouTube channel.
    0:47:36 Just go on YouTube, look up Young and Profiting.
    0:47:37 You’ll find it right there.
    0:47:39 It’s really easy to find.
    0:47:44 And we are going to be having an in-person interview summer.
    0:47:46 I’m going to be doing so much in-person interviews
    0:47:48 because it’s so much more engaging.
    0:47:50 It’s so much more fun for me.
    0:47:54 I feel like it’s better for video and just better for the conversation.
    0:47:57 I did the Gary Vee video in person.
    0:48:00 So I’m going to be doing a lot more in-person videos.
    0:48:01 And I’m just so psyched for that.
    0:48:03 And I’m just so psyched about the conversation
    0:48:05 that we had with Jenna.
    0:48:07 She really broke down all the different ways
    0:48:07 that she makes money.
    0:48:09 And she didn’t hide anything.
    0:48:12 We talked about affiliate marketing, podcast sponsorships.
    0:48:15 And one of the things that we talked about was email lists.
    0:48:17 And this is something that I want to stress.
    0:48:21 If you haven’t started your email list yet, get on it.
    0:48:24 Email lists are so powerful.
    0:48:27 I’m kicking myself for not starting my email list sooner.
    0:48:30 We’ve had an email list now for like two years.
    0:48:31 And it’s amazing.
    0:48:34 It is helping us with all of our initiatives.
    0:48:36 And it’s sort of like a security blanket.
    0:48:40 You spend all this time creating content on Instagram
    0:48:42 and YouTube and all these platforms.
    0:48:44 But you don’t own any of it.
    0:48:47 You’ve got to pull those people out into your email list.
    0:48:50 So if there’s nothing else that you take from this interview,
    0:48:53 it’s go pull your contacts out from social media
    0:48:55 and get them on an email list.
    0:48:58 The other thing I wanted to call out that was pretty unique
    0:48:59 was Pinterest.
    0:49:01 We don’t talk about Pinterest a lot,
    0:49:02 but it’s still huge.
    0:49:04 It’s basically a search engine.
    0:49:07 And it’s so big, especially amongst women.
    0:49:10 So if you want to be highly searched
    0:49:13 and you feel like you can follow an SEO approach
    0:49:14 for your business,
    0:49:17 then you should try to leverage Pinterest
    0:49:18 so you can be found there too.
    0:49:23 And finally, I’m so excited that we got to talk about real estate
    0:49:25 because that’s something that I really want to get into.
    0:49:29 And Jenna gave a lot of pointers on that front.
    0:49:31 And I know most of you are listening and didn’t watch it,
    0:49:33 but if you could just see the joy on her face
    0:49:36 when she started talking about her experiences
    0:49:38 hosting through Airbnb,
    0:49:41 she really finds joy in doing that.
    0:49:45 She loves hosting other people and getting the feedback from them
    0:49:48 and making it nice and warm and welcoming.
    0:49:52 And I could see how that could be a really fun thing to do.
    0:49:54 That’s why I want to start an Airbnb.
    0:49:55 I feel like it’d be so much fun.
    0:49:58 I feel like I’m so busy already.
    0:50:02 I don’t know why I would want to add yet something else on my plate.
    0:50:05 But when it’s fun and it brings you joy,
    0:50:07 you get the motivation to do it.
    0:50:10 So for me, I really want to start an Airbnb.
    0:50:14 So I’m just hoping that my significant other is down.
    0:50:17 I’m thankful for Jenna schooling us
    0:50:19 on all the different ways she makes money.
    0:50:22 And I’m also thankful for all of you guys
    0:50:27 who listened to this episode of Young and Profiting Podcast.
    0:50:30 Now, if you have somebody out there who’s interested
    0:50:33 in learning about things like affiliate marketing, podcast sponsorships,
    0:50:37 starting a real estate business with Airbnb,
    0:50:39 then share this episode.
    0:50:42 Share this link passed around spread us by word of mouth.
    0:50:47 That’s such a nice thing to do for your Yap Queen,
    0:50:50 who just wants to help more people.
    0:50:52 I want more people to hear the show.
    0:50:56 And I need you guys to spread it, spread it around, spread the love.
    0:50:59 And if you did enjoy this show and you learned something,
    0:51:02 then please drop us a five star review on Apple Podcasts.
    0:51:06 Nothing helps us reach more people than a good review from you all.
    0:51:07 Take a couple minutes and do that.
    0:51:09 Man, you guys are awesome.
    0:51:13 Like I get new reviews every day and they make my day.
    0:51:16 I really read them every single day.
    0:51:19 If you guys prefer to watch your podcast as videos,
    0:51:20 you can find us on YouTube.
    0:51:21 Just look up Young and Profiting
    0:51:23 and you’ll find all of our episodes on there.
    0:51:25 And if you’re looking for me,
    0:51:28 you can find me on Instagram @yapwithhalla
    0:51:30 or LinkedIn by searching my name.
    0:51:31 It’s Hala Taha.
    0:51:33 Thank you so much to my incredible production team.
    0:51:35 You guys are awesome.
    0:51:36 This is your host, Hala Taha,
    0:51:53 aka The Podcast Princess, signing off.
    0:52:03 [BLANK_AUDIO]

    Jenna Kutcher left her corporate job to start a photography business. But by the time she had scaled it to six figures, she was burnt out. Bent on finding a more sustainable path, she started several side hustles. Today, she runs a multimillion-dollar empire. In this episode, Jenna reveals how she diversified her revenue streams to earn more while maintaining a balanced life. She breaks down everything, from affiliate marketing and coaching to hosting on Airbnb.

    Jenna Kutcher is an entrepreneur, podcaster, and online marketing expert. She hosts The Goal Digger Podcast and is the author of How Are You, Really?

    In this episode, Hala and Jenna will discuss:

    – Jenna’s transition from corporate America to entrepreneurship

    – The importance of protecting personal peace and family time

    – Scaling your business with online courses

    – Her system for generating seven figures through affiliate marketing

    – The viral post that launched Jenna’s influencer career

    – Why email marketing trumps social media

    – Jenna’s fulfilling experience with Airbnb

    – Running an Airbnb with your existing space

    – Pinterest marketing for entrepreneurs with a small following

    – And other topics… 

    Jenna Kutcher is an entrepreneur, podcaster, author, and online marketing expert who turned a $300 Craigslist camera into a seven-figure empire. She hosts The Goal Digger Podcast, which provides practical advice for aspiring entrepreneurs. She is also a successful social media influencer and author of the bestselling book How Are You, Really? Jenna works with creative entrepreneurs to build profitable, sustainable, and authentic businesses. 

    Connect With Jenna:

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  • YAPClassic: Dean Graziosi, How Underdogs Can Turn Disadvantages into Advantages

    AI transcript
    0:00:05 Today’s episode is sponsored in part by Teachable, Fundrise, Mint Mobile, Working Genius, Indeed,
    0:00:06 and Shopify.
    0:00:11 Teachable makes it easy for creators to monetize their content with full control.
    0:00:15 Head to teachable.com and use code “PROFITING” to claim your free month on their pro-paid
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    0:00:45 Get 20% off the $25 Working Genius assessment at workinggenius.com with code “PROFITING”
    0:00:46 at checkout.
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    0:01:04 Sign up for a $1 per month trial period at Shopify.com/profiting.
    0:01:10 As always, you can find all of our incredible deals in the show notes.
    0:01:22 Yeah, BAM, welcome back to the show.
    0:01:28 And for today’s YAP Classic, we are brushing off my old interview with Dean Grazioz, episode
    0:01:33 68 of the podcast recorded in June 2020.
    0:01:40 Now I remember this episode so vividly because June 2020 was in the midst of COVID.
    0:01:43 My father had just passed and I was just starting YAP Media.
    0:01:48 I was just starting to get my first social clients.
    0:01:54 And Dean really inspired me at such a pivotal part in my entrepreneurial journey.
    0:01:59 He inspired me to feel confident in being the underdog.
    0:02:04 And he really goes into why you’re actually better off being the underdog and how you
    0:02:10 can compete with the biggest companies in the world even with very few resources.
    0:02:14 It actually makes you more creative and innovative and we talked all about that and it really
    0:02:16 opened my eyes.
    0:02:21 And fast forward four years later, I can’t believe how far YAP Media has come.
    0:02:26 And if you don’t know Dean, he’s a highly respected businessman who’s built a multimillion
    0:02:28 dollar real estate business from the ground up.
    0:02:34 He’s been involved in or has started 14 incredibly successful companies and now he basically leads
    0:02:36 Tony Robbins company.
    0:02:41 He also is the best selling author whose books include millionaire success habits and the
    0:02:46 underdog advantage, which was the topic of the episode that we’re replaying today.
    0:02:52 Our last episode on the podcast, our latest one released on Monday was with Dean as well.
    0:02:56 It’s episode 294 and if you haven’t yet, go check that one out.
    0:03:00 We talk about why there’s never been a better time to pursue entrepreneurship.
    0:03:03 And today’s episode is a perfect follow up to that.
    0:03:06 If you believe you were meant for something more, but you don’t feel like you have the
    0:03:11 motivation or the drive to get it, you’re going to benefit so much from this conversation.
    0:03:16 So let’s get right into it.
    0:03:22 My first question to you is really about your journey to where you are today.
    0:03:27 So from my understanding, we do lots of research here on Young and Profiting Podcast and you
    0:03:29 had humble beginnings.
    0:03:31 Before you were 19, you moved 20 different times.
    0:03:33 You grew up with a single mom.
    0:03:35 You guys had financial struggles.
    0:03:37 You lived in a trailer park.
    0:03:41 You had super humble beginnings, but then by the time you were 25, 26, you were already
    0:03:43 a multi-millionaire.
    0:03:45 You had made it in the real estate business.
    0:03:47 You had 20 to 30 apartments under your belt.
    0:03:50 So take us back to then.
    0:03:57 How did you get from struggling 19-year-old, didn’t go to college, single parent, to multi-millionaire
    0:03:58 in your mid-20s?
    0:03:59 Yeah.
    0:04:01 First off, I want to say congrats on all the research.
    0:04:04 Nobody says they do, but you really did.
    0:04:05 So thanks.
    0:04:10 And secondly, I want to congratulate you for being a leader and getting information out
    0:04:11 to the world.
    0:04:15 And we need to get more educated on so many different levels to help us grow.
    0:04:20 And I just want to commend you for choosing this path because the world needs more people
    0:04:21 doing that.
    0:04:22 Right?
    0:04:25 And if you’re not sharing your own knowledge, what you surely do, you help bring other knowledge
    0:04:26 to the world.
    0:04:29 So here’s the thing, there’s a million different reasons, right?
    0:04:31 We all have different circumstances.
    0:04:35 And please don’t want to, if I share a little bit about my past, I want to share only so
    0:04:38 it gives you context so you can use it in your own life.
    0:04:42 I don’t like podcasts sometimes when someone goes on for 45 minutes about their life story,
    0:04:43 if it doesn’t feel relevant to me.
    0:04:47 So I just want to tell you, no matter where you are in your life right now, as you listen
    0:04:53 to this, if you’re in your 20s, I can remember being 20 and 18 and not knowing what I was
    0:04:54 going to do with my future.
    0:04:57 I didn’t feel that smart because I struggled with dyslexia.
    0:05:02 So I just, I decided college wasn’t even an option for me and we didn’t have money and
    0:05:04 I didn’t have an example in my family.
    0:05:05 But I knew there was more.
    0:05:11 I watched my parents work so hard to have nothing and I just didn’t want to follow their path.
    0:05:14 I didn’t want to follow their path in the work environment.
    0:05:15 They’re amazing people.
    0:05:17 But in the work, it’s like they always struggled with money.
    0:05:22 They always worried about money and they both worked hard and it caused them to be not so
    0:05:23 happy in their personal life, right?
    0:05:25 It overflowed into that.
    0:05:29 So I just want to let you know, I know what that feels like and I know when it’s like
    0:05:33 to have that hunger to go and do something on your own, but like, where the heck do you
    0:05:34 start?
    0:05:35 And then besides where do you start?
    0:05:36 Then you feel like an imposter.
    0:05:40 Like, I know, maybe you have never felt that way, but I was like, you didn’t go to college.
    0:05:41 You’re not that smart.
    0:05:45 No one in your school, you know, no one in your, your family’s doing well.
    0:05:46 You don’t live in a big thriving town.
    0:05:49 You live in a small little upstate New York town.
    0:05:53 So I remember feeling all those feelings, but what I want to share with you today and
    0:05:56 I’m excited to dig in anywhere you want.
    0:06:02 No question off the table, but I also know what it’s like to use that pain of running
    0:06:05 away from tough circumstances as my fuel.
    0:06:07 I know what it’s like to fail and try again.
    0:06:10 I know what it’s like to fail 10 times and try again and get that first sale and that
    0:06:15 fifth sale and get momentum and get people to believe in you and you start gaining confidence.
    0:06:17 And then all of a sudden, you know, you get scared again, but you look back and go, I’ve
    0:06:18 already done this.
    0:06:19 Let me try more.
    0:06:23 So I, I, I did, I started a firewood business in high school.
    0:06:25 I started fixing wreck cars before I was 20.
    0:06:30 I bought my first run down apartment house for no money down at 19 or 20 years old.
    0:06:34 I ended up having a tow truck company, a collision shop apartments.
    0:06:38 Then I started, like just like you said, I started building the houses, buying raw land
    0:06:43 and subdividing it by 25, failing miserable in between, a lot of sleepless nights, a lot
    0:06:47 of just hustle, a lot of people doubting you and say, slow down.
    0:06:50 You’re not going to make it family thinking you’re crazy.
    0:06:52 I was able to get to, you know, my net worth.
    0:06:56 I didn’t have a million dollars in the bank at 25, but I had over a couple of million
    0:07:01 dollars in real estate by the time I was 25 and, and multiple different businesses.
    0:07:02 That’s so incredible.
    0:07:06 It’s so cool that you, you didn’t have a college education, but you just went out and did the
    0:07:07 work.
    0:07:09 You hustled, you learned things on your own.
    0:07:12 How did you change your mindset about money?
    0:07:16 Because if you grew up with parents who, you know, struggled financially, they probably
    0:07:19 put it in your head that like it was really hard to be rich and that like, you know, it
    0:07:21 kind of, yeah.
    0:07:23 How did you, how did you change to a mindset of abundance?
    0:07:24 Yeah.
    0:07:25 First off, I want to take a good quiet.
    0:07:26 I like, I’m going to have fun.
    0:07:27 This is going to be a fun interview.
    0:07:32 I like to, because it’s a true story, but I remember my mom, and my mom is one of the
    0:07:36 sweetest women I’ve ever met in my life, but my mom, if we pass somebody with money or
    0:07:42 a big house or a Mercedes went by when I was a kid, I remember my mom be like, ugh, like
    0:07:45 it was like disdain because they had it and we didn’t.
    0:07:46 Right?
    0:07:47 Yeah.
    0:07:50 And I just remember, you know, it seems easy to look back and sometimes I don’t even
    0:07:54 know if this is exactly what I felt at the moment, but I can judge it from this point
    0:07:55 looking backwards.
    0:07:59 And I realized that money is an evil money solves problems.
    0:08:04 And I remember, you know, it’s like, I guess this is a silly analogy, but neither one of
    0:08:06 us, we’re sitting here talking.
    0:08:07 We didn’t think about the air we’re breathing.
    0:08:09 You didn’t think, oh, I got another breath.
    0:08:15 But if someone clamps, put their hands around your neck and you couldn’t breathe, the only
    0:08:17 thing you would think about is air.
    0:08:22 And when I look back at my parents, they didn’t realize, since they didn’t have money and
    0:08:25 they didn’t have the ability to do things, all they ever thought about was the lack of
    0:08:29 money they had and the pain caused them without even realizing it.
    0:08:33 And I just remember thinking, if I could get money out of the way, I could retire.
    0:08:37 My mom was probably my biggest muse because she worked three jobs to make nothing.
    0:08:40 And I remember, if I make money, I can retire her, she doesn’t have to come home at nine
    0:08:44 o’clock at night tired with her hands hurting and her back hurting.
    0:08:46 So I just remember thinking money can solve problems.
    0:08:50 Now, I was probably a little naive back then, but I still feel that, right?
    0:08:53 I still feel money can solve problems.
    0:08:59 We just, as a family, we realized how many kids go to bed at night in America hungry.
    0:09:01 We provided seven million meals.
    0:09:05 We put money that allowed us to provide a solution, right?
    0:09:08 We do a lot of stuff in charity, but it also helps my family.
    0:09:10 I retired my parents, both of them.
    0:09:12 By the time I was 30, I retired both my parents.
    0:09:13 That’s amazing.
    0:09:14 We’re not gonna get any more, right?
    0:09:17 So I think money is one of those things.
    0:09:20 It’s only evil if you do bad things with it.
    0:09:21 Money can shift the world.
    0:09:23 Money can help people in need.
    0:09:29 Anyway, we can go down the philosophical side of money, but I just knew if I could make
    0:09:33 more money, I could help my family, and I wouldn’t feel so out of control.
    0:09:36 When you don’t have money and you gotta move, we lived in an apartment house and had to
    0:09:37 leave because we didn’t have money to stay there.
    0:09:40 It’s like, it’s all this disruption.
    0:09:44 And the other thing I’ll share before we, if you wanna go deeper and move on, but the
    0:09:48 other thing, and maybe some of you can feel this, is lack of money to me.
    0:09:51 And this is one of my core whys in my life.
    0:09:56 Lack of money to me means I’m not in control of my time or my decisions.
    0:09:58 Money made my parents make certain decisions.
    0:10:02 They couldn’t come to my baseball games or plays because they were both working.
    0:10:04 That was a decision made because of lack of money.
    0:10:06 We had to move certain areas.
    0:10:08 We had to live with my grandma a lot.
    0:10:12 We made bad decisions because of lack of money, and someone else was in control.
    0:10:16 And I remember if I can, now that we’re talking about the number one thing I remember is if
    0:10:20 I have money, no one’s gonna tell me how to live, where to live, and I still feel that
    0:10:21 way.
    0:10:22 Wow.
    0:10:25 I think you said so many different gems, so many great insights.
    0:10:30 I love that money allows you to be in control, and that was sort of like your drive to help
    0:10:35 your parents become financially free and for yourself to be more in control of your life.
    0:10:36 I love that.
    0:10:40 So I think this is a perfect segue into the underdog advantage.
    0:10:42 I thought it was a great book.
    0:10:46 So tell us, what is this concept of the underdog advantage?
    0:10:51 So I think if you really look through history, right, some of the biggest people we respect
    0:10:58 in sports or in freedom for countries, freedom for people, they’ve been the quintessential
    0:10:59 underdogs, right?
    0:11:06 At every level, from George Washington in America to Martin Luther King to Mother Teresa
    0:11:12 to LeBron James and Michael Jordan and everybody in between, if you really dig into their past,
    0:11:13 they weren’t supposed to make it.
    0:11:15 So how the heck did they, right?
    0:11:19 So when I decided, when I have this concept, I’m really obsessed, my last two books, Millionaire
    0:11:24 Success Abits in this one, are really about going upstream, that’s the analogy I use in
    0:11:28 my head, and really helping people with the foundation for success.
    0:11:31 So many times people want success and they’re looking, should I do Amazon?
    0:11:32 Should I build a course?
    0:11:33 Should I write a book?
    0:11:35 Should I sell products?
    0:11:39 And they’re looking for the tools and the tactics, but if they don’t have the mindset
    0:11:42 and the skills and the habits for success, it will never work.
    0:11:45 They’ll dabble forever and have envy that other people are getting ahead and they’re
    0:11:46 not.
    0:11:50 So I really started obsessing on, how do I really help people in a simple way anchor
    0:11:51 in a foundation?
    0:11:52 I started looking into my own life, right?
    0:11:56 I feel like I’m the quintessential underdog, didn’t have money, didn’t have resources,
    0:11:59 didn’t have family support, didn’t have an education, all those things, right?
    0:12:01 Not for me, just part of it.
    0:12:07 And I started really analyzing and like I geeked out on research on successful people
    0:12:13 throughout time, and there was seven core habits of people who turn their disadvantages
    0:12:15 into their advantages.
    0:12:17 I mean, think about this.
    0:12:20 Most people, when they think about starting their own business or scaling your business,
    0:12:24 they say, and I get DMs like this all the time, hey, if you lend me 100 grand, we can be rich.
    0:12:29 If you lend me the money, if you give me the—but think about this, how many people hit Lotto
    0:12:30 and go broke?
    0:12:35 They had the resources, but they were lacking resourcefulness, right?
    0:12:40 Think about how many people, if you know anybody that’s a trust fund adult, was a trust fund
    0:12:41 kid, now they’re adult.
    0:12:45 I know a bunch of them and I have to say I don’t know any of them that are really happy
    0:12:48 or really hungry or are attacking life.
    0:12:49 I know a lot of them that struggle.
    0:12:54 Some people who just raise money for businesses and they’re like, and you probably have some
    0:12:58 friends like that, not friends, people you know, they’re on their fourth raise of money
    0:12:59 and the business fails.
    0:13:00 They just go raise money again.
    0:13:05 So that’s an example of resources, but not resourcefulness.
    0:13:09 So if we go back to that, what if life happens for us, what if God, the universe, whatever
    0:13:15 you believe in, set these obstacles in your way to see if you are worthy to gain the success
    0:13:20 you desire and to get over those obstacles, you have to be resourceful.
    0:13:21 You have to figure out solutions.
    0:13:26 Listen, I’ve been blessed to start over 13 companies done more success than I could ever
    0:13:27 imagine possible.
    0:13:29 I never had anybody lend me money, give me money.
    0:13:30 I didn’t know what it was like.
    0:13:35 I wasn’t smart enough to raise angel and have angel investors and get my, I had to go in
    0:13:39 business and I had to make it profitable in the first month or I’d go out of business.
    0:13:40 Right?
    0:13:44 So it taught me how to be a hustler, taught me how to market, taught me how to influence,
    0:13:48 taught me how to bring good people together because my butt was on the line.
    0:13:50 If it didn’t work, I’d go broke.
    0:13:52 So it looks like poor you, no one let you money.
    0:13:53 No, not poor me.
    0:13:58 I know how to start businesses and make them cash flow now because I had to be resourceful.
    0:14:03 That’s just one of the, you know, seven things that you realize successful people are massively
    0:14:04 resourceful.
    0:14:05 Yeah.
    0:14:07 I love that, that you have to be resourceful.
    0:14:08 I think that’s super interesting.
    0:14:14 So let’s say a lot of my listeners, we have like cushy corporate jobs, right?
    0:14:15 And we’re comfortable now.
    0:14:20 So how do we get that, you know, resourcefulness, that fire under our butts that you’re speaking
    0:14:23 about if we already kind of made it to a certain level?
    0:14:24 Yeah, I love that.
    0:14:25 What a great question.
    0:14:29 And that’s why there’s a whole section of the book about adopting an underdog mindset,
    0:14:30 right?
    0:14:35 Because if you don’t attack things in a hungry way, you can get complacent.
    0:14:41 And here’s what I would share is it’s great to have a cushy job and you got some money
    0:14:42 coming in.
    0:14:46 But if you looked back, if you had the chance to fast forward, you’re 97 years old and you’re
    0:14:50 sitting with your maker, whoever you believe your maker is, and you’re having a conversation
    0:14:54 and you just fast forward and what you’re doing now is what you did for the rest of
    0:14:56 your life would incremental raises.
    0:15:00 If you’re a consistent with your maker and say, oh my God, I was an amazing life.
    0:15:01 I felt it.
    0:15:05 I lived to my full potential, then you should keep doing exactly what you’re doing.
    0:15:09 If you love it and you feel, but if you feel any part of your heart that you were meant
    0:15:14 for just something different, not just more money, not just upgrade the five series beamer
    0:15:19 to the big beamer or go to the bigger cut, I’m talking about something where you feel
    0:15:22 like it’s calling you, like you get out of bed in the morning and you feel like you have
    0:15:28 a calling where you could be a role model where you can tap into another level of potential.
    0:15:30 We all, I don’t care where you are.
    0:15:34 There is another level of potential and when you reach that one, there’s another level
    0:15:39 stretching your mind, stretching the ability to learn, stretching the ability to impact
    0:15:40 other people’s lives.
    0:15:45 If you have any of that, then what I will do is you have to get disturbed within action.
    0:15:49 You have to get disturbed with complacency and that’s just it.
    0:15:54 And even when it comes to entrepreneurs, there’s lifestyle entrepreneurs and achievement entrepreneurs.
    0:15:58 I have some people that I know that got to a certain level, 20 grand, 50 grand a month
    0:16:02 in revenue and they live the life they want and they want to just be on autopilot.
    0:16:03 They don’t want to make more.
    0:16:04 They don’t want to waste less.
    0:16:07 They got their lifestyle they want and there’s accomplishment based entrepreneurs.
    0:16:10 It’s like I accomplished this, but there’s a bigger amount.
    0:16:11 There’s more to learn.
    0:16:12 There’s more to grow.
    0:16:15 I want to get, navigate new territory and it never ends because it’s not about the money.
    0:16:18 It’s about, it’s about the ability to keep growing.
    0:16:22 So I would just say you have to really reflect and spend a little time and say, if you’re
    0:16:26 good with it, don’t, don’t let anybody disturb you, stay good with it.
    0:16:30 But I would bet today, if you’re listening to this podcast or you listen to any podcast
    0:16:34 or you’re reading any personal development books or success books, you know, there’s
    0:16:36 like a, you might be on 3.0.
    0:16:38 There’s a 4.0 version of you.
    0:16:42 And what I’d say is find a way to be disturbed and find a way to have an underdog mindset
    0:16:47 like attack it like you’re not comfortable, attack it like you have no money, attack it
    0:16:51 like people are going to make fun of you when it doesn’t work, attack it that you have to
    0:16:56 be this incredibly resourceful because all I know too is being resourceful brings you
    0:16:58 alive because you have to think through problems.
    0:16:59 Yeah.
    0:17:00 Right.
    0:17:01 You don’t just go, I’ll let me cut a check.
    0:17:02 It’s like, no, I got to make this happen.
    0:17:05 Well, you have incredible drive.
    0:17:08 I feel like I also have this incredible drive.
    0:17:12 That’s why I started my podcast on the side of having a job and it really does wake me
    0:17:17 up and it makes me feel so passionate about life and I can’t wait to see where it goes.
    0:17:22 But you have like this extraordinary drive that doesn’t seem to stop.
    0:17:25 Let’s hold that thought and take a quick break with our sponsors.
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    0:18:24 So when students tell me that they can’t afford my course, I let them know about payment plans
    0:18:25 with Shoppay.
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    0:18:30 If you’re into growing your business, your commerce platform better be ready to sell
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    0:19:04 Young game profitors, when I started my podcast, I had a volunteer team.
    0:19:09 I was able to just go on social media, put up a post, recruit some interns, and it was
    0:19:10 no big deal.
    0:19:13 But as we scaled as a company, I need real A players.
    0:19:17 I need people with experience, but we’re a small company.
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    0:20:32 Young in-profitters, buy low, sell high.
    0:20:34 It’s easy to say, but it’s hard to do.
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    0:20:43 Demand is dropping and prices are falling, even for many of the best assets.
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    0:21:57 How did you maintain that drive where sometimes people were paying attention and sometimes
    0:21:59 people weren’t paying attention at all?
    0:22:05 How did you maintain that drive to where now you have, I think, 3 million followers on
    0:22:06 Instagram?
    0:22:07 How did you do that?
    0:22:09 Here’s where it is.
    0:22:14 First off, there was a time where I realized that, and this is somebody, any of you that
    0:22:18 ever want to, if you’re already in it, or you want to go into something on social media
    0:22:21 to make more of an impact, to get a channel going.
    0:22:26 If you just look at it that there might be just one person in the universe right now
    0:22:28 that needs what you’re going to share.
    0:22:31 If you look at it through those eyes, then you don’t have to say, “Wow, I don’t have
    0:22:32 millions of followers.
    0:22:33 I don’t have tens of thousands of followers.”
    0:22:35 But what if it doesn’t take 10,000 followers?
    0:22:40 What if one person tomorrow, if you shared a message, had two views and one of the two,
    0:22:44 you got to course correct their life or help solve a problem or allow them to feel better
    0:22:47 about themselves or gain knowledge to make them go faster in life?
    0:22:53 If you start looking at it through that, then it becomes about the impact, and the by-product
    0:22:56 is more revenue and success.
    0:22:59 I would bet to say, “I know what I want out of life.
    0:23:03 I truly understand what success means to me,” took me a long time to dial that in.
    0:23:08 Of course, it was different in my 20s and my 30s and my 40s, but I know what success
    0:23:09 means to me.
    0:23:13 I love giving people capabilities to go faster because I wish I had them.
    0:23:15 I wish I had the right knowledge.
    0:23:19 In my 20s, I got a lot of advice, but it wasn’t until I really started digging in and learning
    0:23:22 from people who had already been there until I got the right advice.
    0:23:24 I love giving advice.
    0:23:28 I love course-correcting people’s lives, not because I’m brilliant, not because I have
    0:23:33 all the answers, and I don’t give people advice in areas that I don’t know of.
    0:23:34 What’s going on in the world right now?
    0:23:35 I’m not going to give advice.
    0:23:41 I just want to be an active participant in the fix, the repair of it, in the solutions.
    0:23:44 I’m not going to give my advice to people way smarter than me, but you want to know
    0:23:50 how to start a business, market, influence, persuade, write best-selling books, build
    0:23:52 relationships with people you like.
    0:23:55 That’s my expertise, and I want to give that to the world.
    0:24:01 When I know I want that, and the only way to give it is through enthusiasm.
    0:24:05 If I came on here with you today, I was like, “Yeah, I’ve been blessed to do a lot of cool
    0:24:06 stuff.”
    0:24:15 This is one thing I think everybody should take away from this, is go down the four
    0:24:18 to five things that are real success in your life.
    0:24:20 One for me, I love making an impact.
    0:24:22 Maybe it wasn’t always that.
    0:24:25 When I first started this business, I just wanted to make more money while I was helping
    0:24:26 people right now.
    0:24:27 It’s an obsession to make an impact.
    0:24:30 Number two, I love being a father and a husband.
    0:24:32 I’m married to one of my dreams.
    0:24:35 I have three amazing children, and I want to be a present dad.
    0:24:39 My kids are with me, and I pick them up from school every single day.
    0:24:41 I go to baseball practices, not just the games.
    0:24:44 Being a dad and being a husband is important.
    0:24:46 My team is extremely important.
    0:24:47 They’re my family.
    0:24:50 There’s 85 of us, I think it’s like an extended family.
    0:24:53 Four, I want to grow and contribute.
    0:24:56 That’s really the four things in my life, and I know this sounds good.
    0:24:58 I say no to everything else.
    0:25:04 I don’t feel much else out of those four things, but I fight for that.
    0:25:07 Each one of them light me up like this, but if I was doing something that gave me that
    0:25:13 money but didn’t allow me to feel aligned, I don’t think I could have this enthusiasm.
    0:25:14 Just balance that.
    0:25:19 Know what success really means to you, and if success means a certain amount of money
    0:25:23 and you’ve got it, but you’re still feeling so good, then take a transition.
    0:25:29 Start a podcast, do something that just intrigues you, and the last thing I’ll say about that
    0:25:33 is, if you don’t know what else to do, then just be an investigative reporter.
    0:25:36 Just keep your eye open for anything that can give you that spark.
    0:25:37 Yeah.
    0:25:38 I think that’s really interesting.
    0:25:41 Essentially, you’re saying you just followed your values.
    0:25:44 I had nothing to do with how many people were watching or how many views you got.
    0:25:49 It was more about your values, and you just kept doing what you enjoyed to do, what you
    0:25:54 found passionate, what kept you enthused, and it just ended up working out.
    0:25:57 Let me tell you about my podcast.
    0:25:58 My schedule is really crazy.
    0:26:03 Life, Hunter and Boys, three kids, and writing books, doing courses, doing videos.
    0:26:06 We put out a lot of content, and I still run my business.
    0:26:11 I’m still CEO of my company, so I make the high-level business decisions.
    0:26:15 I told my team, I said, because they were only booking me podcasts that were like the
    0:26:19 top podcast, and I feel blessed with my partnerships and my track.
    0:26:24 I’ve done all the top podcasts, but I said, “Let’s do podcasts where you find somebody
    0:26:25 intriguing.
    0:26:27 You find somebody that’s really working hard to make a message.
    0:26:30 You find somebody who’s got a heart to serve.
    0:26:31 I don’t care if they’re just starting.”
    0:26:34 My team’s like, “Well, what if they only have 5,000 listeners a month?”
    0:26:38 I’m like, “Well, they’re going to grow, and we can help them grow, and I can deliver content.”
    0:26:43 I love making those decisions because I wish someone would have done more of that for
    0:26:44 me when we first started.
    0:26:45 That’s awesome.
    0:26:46 You’re right.
    0:26:49 All your values and success follows that a lot faster.
    0:26:51 That’s awesome.
    0:26:53 One more concept from the book I want to cover.
    0:26:59 You say the most powerful advantage an underdog has is using desperation as persuasion.
    0:27:00 What do you mean by that?
    0:27:04 I’ve seen some of the people who are best with … People don’t like the word sales
    0:27:08 and marketing, but listen, let’s just say it, nothing in the world happens unless you
    0:27:09 make a sale.
    0:27:13 If you don’t sell someone to come listen to your podcast, they don’t come listen.
    0:27:15 It doesn’t matter if you just put it out there.
    0:27:18 An old movie with Kevin Costner called “The Field of Dreams,” and the whole movie saying
    0:27:20 if you build it, they will come.
    0:27:21 If you build it, they will come.
    0:27:28 If you build a great restaurant, if you write a great book, they won’t just come.
    0:27:33 Barnes & Noble, 95% of all books that are in Barnes & Noble don’t sell over 1,000 copies.
    0:27:37 Do you know how many amazing books are in Barnes & Noble?
    0:27:38 People took years to write them.
    0:27:42 They put their heart, their soul, they did research, they obsessed, they had sleepless
    0:27:46 nights, they got done with the book and they’re like, “Yay, it’s done,” and they got a publishing
    0:27:50 deal and they put it in Barnes & Noble and 800 copies sold.
    0:27:51 Why?
    0:27:55 Because they built it and it was so good, they just thought people would go viral and
    0:27:56 do it on its own.
    0:27:57 That’s the biggest exception in business.
    0:28:01 I want to tell you right now, everybody listening, if you’re going to start a business or you
    0:28:05 want to even scale in the company you’re at, you must influence and persuade the people
    0:28:08 that can allow you to go to the next level.
    0:28:10 If you’re selling something, you must get people to say yes.
    0:28:11 Now, here’s the cool part.
    0:28:15 When you provide amazing value to you, the company you work with or you provide an amazing
    0:28:19 product that changes people’s lives, listen, I love selling my book to people because I
    0:28:23 know if they read it, I get to change their lives.
    0:28:25 I just wanted to get selling out of the way.
    0:28:31 We must sell, but if you’re selling cigarettes or booze to an alcoholic or selling something
    0:28:32 bad, that’s terrible.
    0:28:37 But if you’re delivering value to your company or value to the world, then I think we’re
    0:28:40 obligated to sell, so that’s that part.
    0:28:46 The turning desperation into persuasion is when you are an underdog or you adopt an underdog
    0:28:47 mindset.
    0:28:50 Think about in a corporate world because you say you have a lot of people listen that’s
    0:28:53 got maybe a cushy corporate job.
    0:28:58 You have to influence and make enough impact so you could go to the next level.
    0:28:59 That’s just the way it is.
    0:29:04 If you look at it through the eyes of no desperation, it’s like, “I’m kicking ass in this job.
    0:29:05 I’m doing a good job.”
    0:29:11 Listen, I’m going to go talk to my boss and I want him to recognize what I’m doing that
    0:29:12 is doing good.
    0:29:17 It will never work unless there’s a feeling of desperation to want that next level.
    0:29:22 Even if you’re comfortable, even if you have a horrific childhood, it doesn’t matter, adopt
    0:29:27 that mindset of, “I desperately want that,” because here’s what I know.
    0:29:31 The greatest salespeople on the planet that I’ve ever met and I’ve been blessed, I’ve
    0:29:35 traveled all over the world on live events, I get to watch a lot of them on stage.
    0:29:42 So many have come from a struggling background and that desperation built passion and enthusiasm.
    0:29:46 I know, before I had the intelligence and before I had the money, you know what I had?
    0:29:54 I had the authenticity and the enthusiasm and the desperation that converted into influence.
    0:29:59 I had to sell people to do business with me because I had no credentials.
    0:30:05 I just found a way to turn desire and desperation into authentic persuasion.
    0:30:09 We’ll be right back after a quick break from our sponsors.
    0:30:14 Yeah, fam, if you’re anything like me, you didn’t start your business to spend all your
    0:30:19 time managing finances – budgeting, invoicing, and tax prep?
    0:30:22 Not exactly the fun part of entrepreneurship.
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    0:31:47 Young and Profiters, I spent years slaving away and so many different jobs trying to
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    0:35:07 So, I heard you also mention, I can’t remember if it was a podcast or in your book, talking
    0:35:12 about how, like, confidence is really important when you’re selling something and how nobody
    0:35:15 can buy anything if you’re insecure about what you’re saying.
    0:35:16 Could you elaborate on that?
    0:35:20 Yeah, so, I mean, listen, if you’re listening right now, is anything ever good happened in
    0:35:22 your life when your confidence is down?
    0:35:27 If you want to make your superior and you want to make a change, if you’re not confident,
    0:35:30 if you’re looking down, you feel a little nervous, you thought about it all night and
    0:35:34 you rehearsed what you were going to say and you walk in there with lack of confidence,
    0:35:36 little cotton mouth, do you ever get your way?
    0:35:37 It never works out.
    0:35:40 You don’t get the girl, you don’t get the guy, you don’t get the date, you don’t get
    0:35:44 the bank to lend you the money, the partner to be with you.
    0:35:47 You don’t get someone to say, yes, if you’re in sales, if your confidence is down.
    0:35:52 If you don’t believe in yourself, people don’t believe in you and the thing I want you to
    0:35:58 really listen to right now is confidence isn’t like a one to a hundred scale.
    0:36:03 For me, if your confidence is at a 94 out of a hundred, you’re not moving forward in
    0:36:04 life.
    0:36:05 Yeah.
    0:36:09 I want you to think about you have to protect your confidence and when it comes to selling,
    0:36:10 right?
    0:36:13 I watch people on stage a lot because I get to travel around the world and I’ll see somebody
    0:36:18 have so much energy and love and compassion and a great product or a great service and
    0:36:22 they’ll be on stage for an hour and they’ll deliver massive value.
    0:36:26 I can tell, I’m like, oh, we’re getting ready to sell something because I can watch their
    0:36:27 mannerisms change.
    0:36:29 I can watch their face go straight.
    0:36:31 They turn more like a robot.
    0:36:35 They physically back up from the edge of the stage and that’s when maybe you guys have
    0:36:39 seen it or saw it online and that’s when they go to slides and say, no, if you like that
    0:36:40 today, that was the tip of the iceberg.
    0:36:45 I have more and they go to the slide and they go to the robot and they don’t sell anything
    0:36:49 because they lost their confidence to sell or maybe they didn’t believe in what they
    0:36:53 were selling or someone taught them sales were bad.
    0:36:55 Confidence is so important on every level.
    0:36:59 If this is cool with you, I want to share a couple of things to really think about confidence.
    0:37:03 You won’t make the decisions you want if you don’t have confidence.
    0:37:07 If you’re in a job and you want to raise and you’ve been thinking about asking for it,
    0:37:11 if your confidence is down, you’re not asked.
    0:37:13 There’s a difference between cockiness and confidence.
    0:37:16 Confidence comes from purely in your soul.
    0:37:17 Here’s what I want to share with you.
    0:37:21 Protect your confidence and there’s lots of ways that rob your confidence.
    0:37:24 Watching the news on a regular basis will rob your confidence.
    0:37:27 When’s the last time you ever watched the news and thought, oh my God, the world’s in such
    0:37:28 a good place.
    0:37:34 You watch the news then you say, oh crap, this world, America’s going to hell in a hand
    0:37:35 basket.
    0:37:37 Maybe I should be lucky that I have this job.
    0:37:38 Maybe I shouldn’t ask for that raise.
    0:37:39 I should just be happy.
    0:37:40 I have the job I got.
    0:37:41 Let me stay safe.
    0:37:43 Let me stay secure and then you shrink.
    0:37:48 How about hanging out with someone in your life that tells you to stop being a dreamer?
    0:37:50 You really shouldn’t start a podcast.
    0:37:51 You’ve got this great job.
    0:37:52 Why would you want more?
    0:37:53 Why do you want to ask for the raise?
    0:37:54 Why do you want to start their own business?
    0:37:56 You hang out with someone like that.
    0:37:58 You might be empowered and strong.
    0:38:02 You might have the Superman logo under your shirt, but when you hang out with that person,
    0:38:04 you button it back up.
    0:38:07 You go back home and go, maybe I should be happy with this life.
    0:38:08 These things are cumulative.
    0:38:11 Watch the news, hang out with your negative friend, and then the last thing is a bunch
    0:38:12 up Michael shared.
    0:38:16 But the last one, I wish someone told me this and gave me this gift when I was younger.
    0:38:21 Even in your career, your job, your business, whatever it is that you do, stop working
    0:38:25 on your weaknesses and stop feeling inferior about the things you’re bad at.
    0:38:27 Like today, stop it.
    0:38:32 When you work on your weaknesses, all it does is make you feel bad about yourself.
    0:38:34 Here’s a gift I wish someone gave me.
    0:38:39 Figure out what you’re good at and get amazing at it and let the stuff you suck at or you’re
    0:38:44 insecure about or rob your confidence, let someone else do it or pay someone to do it.
    0:38:47 When you can see, I don’t care if you even in a corporate job, if there’s something that
    0:38:50 you hate doing, pay someone to do it.
    0:38:54 And when that time is being done by someone else, obsess on the things that you love that
    0:38:59 can actually move the needle in your life and watch your ROI go through the roof.
    0:39:00 Wow.
    0:39:02 I think that is absolutely incredible advice.
    0:39:07 I think your points about changing your environment, making sure you’re hanging out with the right
    0:39:11 people, making sure that you’re not getting consumed by the news and letting that take
    0:39:17 over your feelings and how you feel about yourself, I think that’s wonderful advice.
    0:39:21 I’d like to switch gears to something a little bit more personal.
    0:39:24 From my understanding, you grew up with divorced parents.
    0:39:29 I think at a young age, your parents got divorced and then between them they divorced nine times.
    0:39:34 You seem like a very mentally stable person, somebody who’s really got a good head on his
    0:39:35 shoulders.
    0:39:40 So how did their divorce impact you and how did you not get traumatized by that experience?
    0:39:42 Actually, I did get traumatized.
    0:39:45 So a really good question and I’ll be completely transparent.
    0:39:50 Again, when I share, I just want you to know I’m sharing experience.
    0:39:54 I’m not sharing because I want any sympathy or empathy for it.
    0:39:57 But my father couldn’t really handle the divorce.
    0:39:58 My father was the youngest of 12.
    0:40:04 He was sexually and physically abused, like most of his childhood, and he didn’t ever
    0:40:05 repair that.
    0:40:10 So we had this inner anger and now my dad’s in a great space and I love him dearly, but
    0:40:15 my dad struggled with that and he pushed his family away and kind of terrorized us in a
    0:40:16 way without realizing.
    0:40:20 His father physically beat him and he decided, “I’ll never hit anybody in my family.”
    0:40:22 But he came out in other ways, right?
    0:40:28 So there was a lot of back and forth and my mom, she got married and divorced five times,
    0:40:30 my dad four.
    0:40:35 So marriage didn’t seem like a thing, like it didn’t seem like it worked.
    0:40:40 And I have to say, I went through a divorce and I never thought I would because of that.
    0:40:44 But I have to say, I know a lot of the reasons why and I’m responsible.
    0:40:47 I have to take responsibility for my part in that.
    0:40:52 But when I was going through my divorce, when I knew it was an absolute thing that was
    0:40:55 happening, there was no way around it.
    0:40:56 And I’m not an advocate of divorce.
    0:40:59 I’m just saying this was the decision for us.
    0:41:00 It caused a lot of anxiety.
    0:41:04 In fact, I’ll go into this any way you want, but the truth of the matter is it opened up
    0:41:07 wounds from my four, five, six-year-old self.
    0:41:10 And for the first time in my life, I had real anxiety attacks.
    0:41:13 Like I didn’t know what an anxiety attack was.
    0:41:18 My late 40s, I popped San X two days a week just so I could sleep and I don’t even take
    0:41:19 aspirin.
    0:41:20 I don’t drink a lot.
    0:41:24 I don’t take any– like I just don’t like putting anything in my body.
    0:41:27 And I was taking Xanax just so I could get two nights a week sleep.
    0:41:31 Like I had crazy panic anxiety, not from the divorce because my ex and I had already figured
    0:41:32 that out.
    0:41:33 We were working on a friendship.
    0:41:35 We were already living in different places.
    0:41:39 We had already lived in different bedrooms for three years before we got a divorce.
    0:41:40 That was fine.
    0:41:43 But all these old worries of my children came back.
    0:41:46 And it was a really brutal time.
    0:41:51 And tell me what part– I’d love to share what I did to come out of that, what I shifted,
    0:41:55 how I’m in the best relationship in my life, how my kids are thriving, my ex is with your
    0:41:56 friend.
    0:41:57 What part can I help your audience with?
    0:42:02 I’m interested to understand how you– like first of all, you’re friends with your ex.
    0:42:04 So I think that’s relatable to everyone.
    0:42:09 Like how did you maintain a healthy relationship with your ex while also getting married to
    0:42:13 somebody else, starting a little new family?
    0:42:14 So here’s what I decided.
    0:42:17 So I’m just going to say it like it is, I’ll hold– I’m not going to hold anything back.
    0:42:19 It was freaking me out.
    0:42:23 And freak out is just a fun way to put, like losing my mind, journaling at night.
    0:42:24 And I started doing all the things.
    0:42:28 Like I am friends with Tony and great people, my buddy, Dr. Daniel Amon.
    0:42:32 And I went and saw Tony for a couple of days and Daniel Amon for a couple of days.
    0:42:33 And I read books on it.
    0:42:35 And I was meditating.
    0:42:37 And I was waking up in the morning and doing yoga.
    0:42:39 And I was journaling every day.
    0:42:43 I could not– and this is just something for everybody to think about.
    0:42:45 I did this in business, but I didn’t do it in my personal life.
    0:42:47 And I’ll tell you what that is in a minute.
    0:42:50 I couldn’t stop the feelings I had.
    0:42:52 Nothing seemed to be working.
    0:42:55 I just kept going back to this younger version of myself.
    0:42:58 And I felt like I was going to put my kids through the same trauma I went through.
    0:43:02 And that wasn’t the case, but that’s the way my brain was telling me that it was going
    0:43:03 to happen.
    0:43:07 And I started thinking, what is one– and this is something I want everybody to take
    0:43:08 away.
    0:43:09 Take nothing from this podcast.
    0:43:10 Take this.
    0:43:16 When you can have exponential results, when you can solve one problem that solves many,
    0:43:17 that’s how you grow your career.
    0:43:19 That’s how you grow your income.
    0:43:20 That’s how you grow your business.
    0:43:22 I do that all the time in my business.
    0:43:26 What’s one thing I can solve that solves multiple things?
    0:43:29 And I just– I started getting this frame of mind, like, nothing seems to be working.
    0:43:31 I’m losing my mind.
    0:43:33 And I started thinking, what’s one thing?
    0:43:36 And the one thing was– because I was worried my kids wouldn’t respect me.
    0:43:37 I wouldn’t seem as much.
    0:43:38 I travel a lot.
    0:43:40 But it’s not my day when I come back.
    0:43:44 What if all the values and core beliefs I put into my kids go away?
    0:43:46 Like, I do Sunday meetings with my kids.
    0:43:48 I pick them up every day from school.
    0:43:49 I cook my kids breakfast.
    0:43:51 I cook them– like, I’m an engaged dad.
    0:43:55 I’m thinking, I’m going to just picture all that and it’s going away.
    0:43:56 That their mom’s going to talk bad about me.
    0:43:57 And all of those things.
    0:43:59 And I’m like, what’s one thing I can do?
    0:44:03 And I have to tell you, my life changed when I realized, if I can be friends with my ex,
    0:44:07 like real friends, not just fake, like someone– I made a list of 10 things I could do.
    0:44:09 And I sent it to her on how I could be a real friend.
    0:44:13 And what I said is, things like, I will listen when you talk.
    0:44:17 I will never disparage the kids when you’re not around, no matter what.
    0:44:20 When I meet somebody, they have to accept that I’m friends with my ex and that I don’t talk
    0:44:21 bad.
    0:44:24 I will never say a bad thing about you in the entire universe, anywhere you never hear.
    0:44:29 And I just declared these 10 things and said, if I can be friends with my ex, all the other
    0:44:30 worries go away.
    0:44:32 She’s never going to talk bad about me.
    0:44:35 She’s not going to try to steal and have more custody than 50/50.
    0:44:37 She’ll be flexible when I travel.
    0:44:41 And when I found the answer, not even when it happened, all the anxiety was almost like
    0:44:46 a ship coming out of a storm, like rocky, crazy, and then all of a sudden, boom, it was like
    0:44:48 a flat surface.
    0:44:54 And then when that worry was off me, and we saw we could do that, my kids saw the respect.
    0:44:58 And one more thing they remember, this is a hard one, and this relates to what’s going
    0:45:05 on in the world right now, I just decided to replace anger, guilt, worry, frustration
    0:45:06 with compassion.
    0:45:09 It might have been the hardest thing I’ve ever done, and every time I go, why does she
    0:45:10 want that money?
    0:45:13 I’m going to look through the eyes of compassion.
    0:45:17 And when I started doing it and became a habit, and within six months, I just always replaced
    0:45:23 all of those emotions that do nothing but hurt, destroy with compassion.
    0:45:25 Long story short, built a friendship.
    0:45:27 I had the ability to work on me.
    0:45:31 I decided I looked internally for the first time on relationship side on a deeper level
    0:45:33 and said, how can I become a better man?
    0:45:37 I don’t want to find a woman that can fill me up.
    0:45:41 It’s like, how do I become a man that attracts a woman, or I can find the relationship of
    0:45:42 my life?
    0:45:46 And I did a lot of work on me, and I got coaches and read, and I interviewed people and great
    0:45:51 couples, and I realized some of those old beliefs from my family’s divorces were lingering
    0:45:52 inside of me.
    0:45:53 And I got to purge those out.
    0:45:57 And then Tony made me make a list of everything I wanted in a relationship and everything
    0:45:58 that wasn’t acceptable.
    0:46:00 And he said, look at that every single day.
    0:46:01 And I did.
    0:46:04 I wanted someone who would love my children like their own, someone who was into health
    0:46:05 and personal growth.
    0:46:06 And I wrote all these things down.
    0:46:10 I wrote all the things that were unacceptable, people that were negative, people that were
    0:46:11 racist.
    0:46:14 I had all this list of what I didn’t want, and I manifested it.
    0:46:17 And I’m married to the woman in my dreams.
    0:46:18 And you guys look so happy.
    0:46:19 We are.
    0:46:20 Every day.
    0:46:21 And it’s not for Instagram.
    0:46:22 And this is the last big lesson.
    0:46:26 And if I took too long to share that, I’m sorry, but here’s the last thing I’ll tell you.
    0:46:27 Your next level of life.
    0:46:31 And you’ve heard this before, but I want you to hear it for the first time.
    0:46:33 Lives on the other side of the thing you fear the most.
    0:46:35 I fear leaving my children.
    0:46:36 I didn’t fear getting a divorce.
    0:46:38 I feared leaving my children.
    0:46:39 It caused pain and anxiety.
    0:46:44 Think about this last analogy is you’re in a ship and your ship’s okay.
    0:46:47 You’re in the bay and there’s other ships around and maybe your ship’s a little bigger
    0:46:48 than everyone else’s.
    0:46:51 They’re the same size and you’re comfortable, but you’re just not happy.
    0:46:56 But the only way out of that bay is a tornado and it just stays out in the bay and it’s
    0:46:57 always there.
    0:46:59 The only exit is through the tornado.
    0:47:03 You can stay in the bay, you can look back in your life and go, I lived an okay life.
    0:47:05 I wasn’t ready for okay.
    0:47:07 My ex and I had held hands in 10 years.
    0:47:09 We hadn’t slept in the same bed.
    0:47:10 My kids didn’t see what love was.
    0:47:12 I felt empty on the inside.
    0:47:14 I’d go on stage in front of 20,000 people.
    0:47:19 They’d all cheer and love me and I’d go backstage and be alone and I’d feel alone, right?
    0:47:20 I had all those feelings.
    0:47:26 The only way I could find love, happiness, abundance was on the other side of the storm.
    0:47:29 And a couple of times I started going on the storm, I got scared, I went back, like picture
    0:47:30 that visual.
    0:47:35 And then finally, enough was enough, there was no going back and I took my ship through
    0:47:39 that storm and it was hell and I had anxiety attacks and worry and now that I’m on the
    0:47:41 other side of it, I’m a better person.
    0:47:43 I’m a better version of me.
    0:47:48 I navigated new territory and I can see through deeper level of empathy and compassion and
    0:47:49 I’m a better dad.
    0:47:50 I’m a better ex.
    0:47:51 I’m a better husband to my wife.
    0:47:52 I’m a better leader.
    0:47:59 I have so much respect for you that you found a new woman but you didn’t just leave your
    0:48:05 family to the side and you prioritized your ex and your children and that’s really respectable.
    0:48:08 My last question to you, and I know we’re really close on time, what is your secret
    0:48:10 to profiting in life?
    0:48:12 This is a question we ask all of our guests.
    0:48:16 I said this already so I don’t want to beat it up, but really identify what happiness
    0:48:19 is because it changes all the time.
    0:48:25 Analyze what true happiness is, what true success means to you and fight for it every
    0:48:26 single day.
    0:48:27 That drives me.
    0:48:29 That’s my greatest success.
    0:48:31 That’s my greatest profit is I know what I love.
    0:48:33 I love being a family man.
    0:48:34 I love impacting lives.
    0:48:38 I love my team and I love growing as a human and I will fight for that to the end.
    0:48:39 Thank you.
    0:48:49 Thank you.
    0:48:52 (upbeat music)
    0:49:02 [BLANK_AUDIO]

    Dean Graziosi watched his hardworking parents struggle financially. Driven to break the cycle and create a secure, prosperous future, he turned to entrepreneurship. He started a firewood business in high school, fixed wrecked cars, and ran a tow truck company, among other ventures. By 25, he had amassed millions of dollars in real estate. By 30, he had retired his parents. In this episode, Dean shares his journey, the power of the underdog mindset, and strategies for turning adversity into success.

    Dean Graziosi is a renowned entrepreneur, real estate investor, and bestselling author known for his expertise in personal development. He has started or played a major role in over 14 successful companies, including the Mastermind.com platform.

    In this episode, Hala and Dean will discuss:

    – Dean’s journey from humble roots to millionaire by his mid-20s

    – Using financial struggles as a drive to succeed

    – Resourcefulness over having resources

    – What is the Underdog Advantage?

    – How to adopt an underdog mindset 

    – Desperation as a powerful tool for persuasion

    – Maintaining enthusiasm and authenticity in sales

    – The biggest misconception in business

    – Why you need confidence to make sales

    – Overcoming the fear of failure and impostor syndrome

    – And other topics…

    Dean Graziosi is a multiple New York Times bestselling author, entrepreneur, and educator. He has started or played a major role in over 14 successful companies, including the Mastermind.com platform. His books include Millionaire Success Habits and The Underdog Advantage. Dean’s philanthropic contributions include donating over 8,000,000 meals to Feeding America to help feed families in need, building multiple schools in Africa with the help of Village Impact, and donating $500,000 to help liberate children from human trafficking and sexual exploitation through Operation Underground Railroad.

    Connect with Dean:

    Dean’s Website: https://www.deangraziosi.com/ 

    Dean’s LinkedIn: https://www.linkedin.com/in/deangraziosiinc/ 

    Dean’s Twitter: https://twitter.com/deangraziosi 

    Dean’s Instagram: https://www.instagram.com/deangraziosi/ 

    Dean’s Facebook: https://www.facebook.com/deangraziosi

    Dean’s Podcast, Own Your Future: https://podcasts.apple.com/us/podcast/own-your-future-with-dean-graziosi/id1085301578 

    Resources Mentioned: 

    YAP Episode #294 with Dean: https://youngandprofiting.com/dean-graziosi-its-never-been-easier-to-turn-your-passion-into-entrepreneurial-success-e294/ 

    Dean’s Books: 

    The Underdog Advantage: Rewrite Your Future by Turning Your Disadvantages into Your Superpowers: https://www.amazon.com/Underdog-Advantage-Rewrite-Disadvantages-Superpowers/dp/0578568462 

    Millionaire Success Habits: The Gateway to Wealth & Prosperity: https://www.amazon.com/Millionaire-Success-Habits-Gateway-Prosperity/dp/1401975763 

    LinkedIn Secrets Masterclass, Have Job Security For Life:

    Use code ‘podcast’ for 30% off at yapmedia.io/course.

     

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    Kajabi – Get a free 30-day trial to start your business at Kajabi.com/PROFITING 

     

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    Follow Hala Taha

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  • Dean Graziosi: It’s Never Been Easier to Turn Your Passion into Entrepreneurial Success | E294

    AI transcript
    0:00:02 – I think we’ve been taught the biggest lie.
    0:00:05 We must have work-life balance.
    0:00:06 I think that’s the biggest crap in the world.
    0:00:09 You literally could have a life, not a pie in the sky,
    0:00:10 not get rich for doing anything,
    0:00:12 but you could have a life where you don’t care
    0:00:15 and you don’t know where work ends and life begins
    0:00:18 because you’re growing as a human in both of them.
    0:00:22 – Mr. Dean Riziosi is a very well-known entrepreneur,
    0:00:25 marketer, extremely successful coach,
    0:00:26 business owner, real estate investor,
    0:00:29 and an influencer now who has a lot of influence online.
    0:00:31 He’s obsessed with sharing the success habits
    0:00:32 learned along the way.
    0:00:34 He’s written five books which have dominated
    0:00:37 the success, business, and real estate book space.
    0:00:39 It’s 2006 with his best-selling book
    0:00:42 amassing over a million copies sold.
    0:00:44 – How has AI changed the game?
    0:00:46 How do you think entrepreneurs are gonna use AI?
    0:00:47 How do you use AI?
    0:00:48 I’d love to know.
    0:00:50 – It is gonna change the game
    0:00:52 and those that understand how to utilize it
    0:00:53 are gonna be out in front.
    0:00:55 When you understand this,
    0:00:56 this allows you to have an unfair advantage.
    0:00:59 It allows you to be one step ahead.
    0:01:01 And those of you who are gonna ignore it.
    0:01:09 (upbeat music)
    0:01:20 – Young and Profiters, welcome back to the show.
    0:01:23 We are living in fast-changing times.
    0:01:26 Inflation, the internet, technology, AI,
    0:01:28 they are all changing the way that we interact
    0:01:29 with the world.
    0:01:32 And joining us today to speak about this is Dean Graziozzi.
    0:01:34 Dean is a real estate mogul,
    0:01:36 an entrepreneur, speaker, and best-selling author.
    0:01:38 In today’s episode, we’ll be discussing
    0:01:40 how the game of business has changed
    0:01:42 and how we can leverage our own passions
    0:01:44 to capitalize on this new world.
    0:01:47 Dean, welcome to Young and Profiting Podcast.
    0:01:48 – Great to be here.
    0:01:50 – I’m so excited for this conversation.
    0:01:53 So Young and Profiters, Dean came on the show.
    0:01:57 Episode 68, and that was all the way back in 2020
    0:01:59 when I first became an entrepreneur.
    0:02:01 Now I own a company called Yap Media.
    0:02:04 60 people work at this company worldwide.
    0:02:05 And when I first talked to you,
    0:02:08 I was just this new entrepreneur
    0:02:12 and you inspired me so much with your rags churches story.
    0:02:14 I can’t believe how much has changed.
    0:02:18 And the world has just changed so much since 2020.
    0:02:21 We talked during COVID, the summer of COVID, basically.
    0:02:23 And the world was in so much flux.
    0:02:25 I’m sure you inspired so many people.
    0:02:27 So Young and Profiters, if you wanna listen to that episode,
    0:02:29 it’s episode 68.
    0:02:31 We talked about his amazing come-up story.
    0:02:33 We talked about the underdog advantage,
    0:02:36 the mindset of being an entrepreneur and staying resourceful.
    0:02:39 And we even talked about sales and confidence tips.
    0:02:40 So I highly recommend that episode
    0:02:42 for anybody who’s a new entrepreneur,
    0:02:44 who wants to be inspired to become an entrepreneur.
    0:02:46 That’s episode 68.
    0:02:48 And today we’re just gonna talk about entrepreneurship
    0:02:50 and how much the world has changed.
    0:02:53 So you actually have an upcoming event
    0:02:56 with Tony Robbins, June 13th to 15th,
    0:02:58 called “The Game Has Changed.”
    0:03:00 And in the event, you’re gonna be covering
    0:03:02 adapting to the new realities of being an entrepreneur
    0:03:05 and redefining the American dream.
    0:03:07 I’ve actually heard you say that the American dream
    0:03:10 needs a generational reboot.
    0:03:11 So I’d love to hear about that.
    0:03:15 Why do you feel the American dream has changed
    0:03:16 and why do we need to rethink
    0:03:18 the way we think about the American dream?
    0:03:19 – Great question.
    0:03:21 I really wanna give you kudos.
    0:03:24 I remember our interview in 2020
    0:03:26 and I could see you were a little bit
    0:03:27 like a deer in headlights.
    0:03:30 It was new, it was fresh, your eyes were wide open,
    0:03:31 your energy was huge.
    0:03:33 And I see why you’ve become so popular
    0:03:35 and why you inspire so many
    0:03:36 because your story is amazing
    0:03:38 and your journey is amazing.
    0:03:39 And it just shows what’s possible.
    0:03:41 When you’re scared, you’re unsure,
    0:03:42 but when you know,
    0:03:45 when you know there’s another level of life waiting for you,
    0:03:46 you have to do the uncomfortable.
    0:03:48 You have to do what other people aren’t willing to do.
    0:03:50 You have to miss a few events.
    0:03:52 You have to say no to your friends a few times
    0:03:54 when they wanna have cocktails and you’re doing something.
    0:03:56 They think you’re crazy and they think,
    0:03:58 shouldn’t you be back in a secure job?
    0:03:59 And all the crazy stuff that goes on
    0:04:01 in the invisible when no one’s watching.
    0:04:03 The reason I love talking about entrepreneurship
    0:04:06 because we have something in common.
    0:04:07 We have thoughts in our mind
    0:04:09 that most people don’t when no one’s around.
    0:04:10 We’re thinking, are we gonna make this?
    0:04:11 How are we gonna make this?
    0:04:12 How do I get more creative?
    0:04:13 How do I get innovative?
    0:04:14 Where can I learn?
    0:04:16 What podcast should I listen to?
    0:04:16 What book should I listen to?
    0:04:17 What mentor should I have?
    0:04:19 What course should I buy?
    0:04:21 We’re doing all this stuff in the invisible.
    0:04:24 So in the light on front stage,
    0:04:26 it looks like we have something unique.
    0:04:27 We are special.
    0:04:29 We got lucky when that’s not the case.
    0:04:30 We’re doing the work when no one’s watching.
    0:04:32 And if you’re here on this podcast,
    0:04:33 you are doing that work.
    0:04:35 You are doing the investigating.
    0:04:37 That’s why I love being with a group like this
    0:04:38 and I look forward to having fun.
    0:04:40 I’m in a mood today, so let’s have some fun.
    0:04:42 I wanna share as much as possible.
    0:04:42 – I love it.
    0:04:43 I feel your energy.
    0:04:44 I love it.
    0:04:47 – And listen, it doesn’t mean this is gonna be politically
    0:04:48 correct with everyone.
    0:04:49 I’m coming from a different generation
    0:04:51 from a lot of people that are watching.
    0:04:53 I’m 55, even though I have some young children
    0:04:55 and I love feeling young, staying young,
    0:04:58 but still, I’ve been around a little longer than most.
    0:05:01 And when I was young, there wasn’t the internet.
    0:05:03 You couldn’t find somebody like you
    0:05:06 who was sharing information, interviewing amazing people.
    0:05:08 It wasn’t so easy to download podcasts or books on audio,
    0:05:09 right?
    0:05:11 If you wanted more, you had to find a mentor
    0:05:12 or read some books.
    0:05:16 But to me, what the American dream meant to me as a kid
    0:05:17 is two things.
    0:05:21 One, my grandfather came from Italy
    0:05:23 and he didn’t have the money to get from Italy to America
    0:05:26 in the late 1800s.
    0:05:28 So his family gave him a donkey
    0:05:30 that he walked down to the docks,
    0:05:33 found a boat, go into America, sold the donkey
    0:05:34 and still didn’t have enough, so he made a deal
    0:05:39 to shovel coal in the steam engine as a ticket to America.
    0:05:41 Never saw his family again, got on this boat,
    0:05:43 came to America, got dropped off on Ellis Island
    0:05:46 in New York City without a dollar in his pocket,
    0:05:50 didn’t know a human being and didn’t know the language.
    0:05:52 That was my grandfather, Hala.
    0:05:55 And right now, I live an abundant life
    0:05:57 where I get to impact people for a living.
    0:06:00 I get to partner with the people that I respect the most.
    0:06:02 I get to retire my mom, retire my dad
    0:06:03 and make sure my family’s okay.
    0:06:06 I get to be in control of my calendar, my time
    0:06:09 because of what I believe is the American dream,
    0:06:11 which is entrepreneurship and having the opportunity
    0:06:13 to have no limits.
    0:06:15 That is the simple definition.
    0:06:17 But a lot’s changed, especially since COVID
    0:06:19 and people think is capitalism greed?
    0:06:21 Is wanting to be an entrepreneur and do your own thing?
    0:06:22 Is it still popular?
    0:06:23 Is it still a good thing?
    0:06:27 The fact of the matter is our country, America at least,
    0:06:29 and most of the world is fueled by small businesses.
    0:06:32 We see the big Apple and we see the big Amazon,
    0:06:36 but this country is fueled by the startup entrepreneur
    0:06:38 that does their own thing, that does the work
    0:06:39 in the invisible.
    0:06:42 And I believe that whatever your beliefs are,
    0:06:45 I believe we are pushed so far away
    0:06:46 in the last couple of years
    0:06:48 that maybe doing your own thing isn’t good.
    0:06:51 Maybe it is greedy to want to be successful.
    0:06:54 I think people were criticized for working hard.
    0:06:56 I think we pushed so far to one extreme
    0:06:59 that I see a rebound that is massive.
    0:07:01 Right now, each month,
    0:07:03 more people are registering new businesses
    0:07:06 than ever before in the history of America.
    0:07:08 Right now, people are saying enough BS,
    0:07:09 I want to do my own thing.
    0:07:10 I don’t want restrictions.
    0:07:12 I don’t want a glass ceiling.
    0:07:14 I don’t want someone with a thumb on my head.
    0:07:16 I don’t want someone to adjust my calendar.
    0:07:17 I’m going to gain the skills,
    0:07:18 gain the capabilities,
    0:07:20 and get your version of the American dream.
    0:07:24 I think the American dream is just hope with a path.
    0:07:25 We hope we can have more,
    0:07:27 find somebody who’s already done it,
    0:07:31 and go all in to reach our full potential.
    0:07:32 That’s my belief.
    0:07:35 And I love, I’m blessed to do for a living
    0:07:36 along with my partner, Tony Robbins,
    0:07:39 is just help people sometimes take off the facade,
    0:07:40 take off the locks, the blocks,
    0:07:43 the limiting beliefs, the imposter syndrome,
    0:07:44 and just see you for who you are
    0:07:46 when you look in the mirror and go,
    0:07:47 I’m more than this.
    0:07:49 I know I’m meant for more.
    0:07:50 I know I can do more.
    0:07:51 I’m enough.
    0:07:52 I know enough.
    0:07:53 I can do this.
    0:07:54 I just need a path.
    0:07:56 And I love helping people find that path,
    0:07:57 just like you do.
    0:07:58 Or you wouldn’t be doing this podcast.
    0:07:59 – 100%.
    0:08:01 And I love what you’re saying because it’s so true.
    0:08:03 Life is easier now.
    0:08:05 It’s easier for entrepreneurs.
    0:08:07 It’s never been easier to become an entrepreneur.
    0:08:09 We’ve got all these new technologies
    0:08:11 and advantages and opportunities.
    0:08:14 And like you said, my dad came to America
    0:08:14 and he told me a story.
    0:08:17 All he came was, he had a chicken.
    0:08:19 That his grandma gave him or something
    0:08:20 when he came to America.
    0:08:22 And then if he became a doctor and a surgeon
    0:08:24 and all these things, and he started from nothing.
    0:08:28 So similarly, I feel like I had no excuses.
    0:08:30 I grew up with, oh, I have no excuse.
    0:08:31 My dad came here.
    0:08:32 All he had was a chicken.
    0:08:32 – With a chicken.
    0:08:34 – You know what I’m saying?
    0:08:36 So it’s like, it’s a very similar thing.
    0:08:39 So let’s talk about these new opportunities
    0:08:41 and advantages that entrepreneurs have.
    0:08:43 Why is the barrier to entry to becoming an entrepreneur
    0:08:46 so much lower than it was before?
    0:08:48 – Let’s just talk about technology.
    0:08:52 If you’re born with something, your dad, right?
    0:08:54 Where did your dad leave?
    0:08:57 – Palestine, I’m 100% Palestinian, yeah.
    0:08:58 – Amazing, amazing.
    0:08:59 I was trying to figure that from your name.
    0:09:01 I was guessing that.
    0:09:02 Amazing story, right?
    0:09:07 But think about your father had his share of obstacles
    0:09:08 that you can’t relate to.
    0:09:09 You weren’t born with those.
    0:09:12 My children aren’t born with the obstacles my grandfather had
    0:09:14 or some of the obstacles I had, right?
    0:09:15 They’re born in a different era.
    0:09:19 So when you’re born and things are at your fingertips,
    0:09:22 your brain automatically goes to what’s missing,
    0:09:24 what’s lost, how hard is it, right?
    0:09:26 Politics are so insane right now all across the world,
    0:09:27 especially here in America.
    0:09:29 It’s ridiculous, right?
    0:09:32 So our brain goes, oh, with this political, oh, with this.
    0:09:34 Oh, there’s too many people online.
    0:09:36 Oh, AI could crush us.
    0:09:37 AI is gonna put us out of business.
    0:09:41 And our brain only defaults to what we know.
    0:09:43 Could you imagine your dad, if someone said,
    0:09:46 hey, you have the opportunity to go online
    0:09:48 to start a business with your phone.
    0:09:50 You could find ideal clients.
    0:09:51 Your father would be like,
    0:09:53 this is the greatest thing in the world.
    0:09:55 He had a chicken and had to put himself through school.
    0:09:56 It would have seemed amazing.
    0:09:58 He would have been grateful every day.
    0:10:00 But if you took two generations later,
    0:10:03 maybe your children who are just brought up with all of it,
    0:10:04 their brain is gonna find what’s missing.
    0:10:07 So I know that’s philosophical.
    0:10:08 I’ll get more tactical in a minute.
    0:10:11 But first, we have to adjust our thought process.
    0:10:13 Instead of saying, oh, it’s really hard.
    0:10:14 No, it’s not.
    0:10:16 If you wanna go ask your grandparents.
    0:10:17 If you have grandparents alive,
    0:10:20 ask your grandparents how they had to get by in life.
    0:10:24 I guarantee you’re gonna go, wow, I’m pretty damn lucky.
    0:10:26 I’m gonna give you an example in my industry.
    0:10:28 I just wanna be specific for a minute.
    0:10:29 I bought Tony Robbins,
    0:10:30 who’s now my dearest friend and partner,
    0:10:33 but I bought his course 27 years ago.
    0:10:35 Before a lot of people listening were alive,
    0:10:36 like actually 28 years ago.
    0:10:39 So I bought his course at that time.
    0:10:40 I worked on cars.
    0:10:41 I had a tow truck.
    0:10:42 I had apartments.
    0:10:45 But I bought Tony’s course and it shifted my life.
    0:10:48 It made me realize that I gave Tony money for information.
    0:10:49 It shifted my life.
    0:10:50 I wanted to be in that business.
    0:10:52 So 27 years ago, I shifted everything.
    0:10:53 That’s why I’m in this industry.
    0:10:54 But I wanna share something.
    0:10:57 When I first started in this industry,
    0:10:59 so using this as a comparison,
    0:11:00 say you wanted to do what I do,
    0:11:02 what Tony does, what so many people are doing.
    0:11:05 And you wanna impact others with your life experience,
    0:11:07 a talent you have, a skill you have,
    0:11:09 a passion that you have.
    0:11:11 When I started 27 years ago,
    0:11:13 I had to produce an infomercial
    0:11:14 ’cause there was no internet.
    0:11:15 People are like, “Why did you do infomercials?”
    0:11:18 Like some old, like there was no internet.
    0:11:19 So I had to produce the infomercial,
    0:11:21 which was $150,000.
    0:11:23 And I used credit cards to get half that done.
    0:11:25 I had to get product built.
    0:11:29 This was when there was DVDs and cassette tapes and booklets.
    0:11:30 I had to get product printed
    0:11:33 and I had to put it in the warehouse and tapes and DVDs.
    0:11:35 I had to hire a company to ship it.
    0:11:40 Then I had to pay $50,000 in TV media just to get a test.
    0:11:43 So I was in over $200,000
    0:11:45 and I was selling a $37 course.
    0:11:47 My family was like, “You’re an idiot.
    0:11:49 “How many of those $37 courses do you have to sell
    0:11:51 “just to get your money back?”
    0:11:52 All of that had to happen.
    0:11:54 Fast forward today.
    0:11:56 You could literally use AI
    0:11:58 to help you unlock your life experience,
    0:12:01 to turn it into a coaching program or a course
    0:12:04 or a workshop or a monthly membership.
    0:12:07 You literally could do that in hours.
    0:12:08 You could get the framework.
    0:12:10 I would love to know your entrepreneurial journey.
    0:12:11 When I met you, you wanted to be an entrepreneur.
    0:12:14 Now you got 60 or 80 employees and a thriving business.
    0:12:16 I would pay anything.
    0:12:17 I want to know your story.
    0:12:18 If you were 27 years ago,
    0:12:20 you’d have to do all things I did.
    0:12:22 Right now, you literally could go to AI for a day,
    0:12:26 lay it out, film on your phone and plug into a system
    0:12:28 where by the end of the week,
    0:12:31 for the cost of five cups of coffee,
    0:12:33 you could be online,
    0:12:36 targeting your ideal client and making sales.
    0:12:38 So if you look at why it’s been easier,
    0:12:41 things are getting exponentially easier every single day.
    0:12:43 People say to me, “Is AI gonna take my job?”
    0:12:46 I’m like, “No, people who use AI the right way
    0:12:48 “will take your job or take your career.”
    0:12:49 That’s all it is.
    0:12:51 It’s not stealing your job.
    0:12:54 And everything new, maybe not for a younger generation,
    0:12:56 but everything new for a little bit older generation
    0:12:58 thinks it’s the end of the world.
    0:12:59 Everything can be used for good.
    0:13:01 Everything can be used for bad.
    0:13:04 The internet, there’s porn and people selling drugs
    0:13:07 and there’s life transformative information
    0:13:08 to save the world.
    0:13:09 It’s what happens.
    0:13:12 It’s you get to choose how you utilize this technology
    0:13:14 to empower you and empower others,
    0:13:15 impact and grow faster.
    0:13:19 So I think you are alive during the golden age.
    0:13:21 I know it might be hard to see.
    0:13:23 I know the world is in a crazy place.
    0:13:25 I know people are uncertain, but hear me.
    0:13:27 And I’m guessing with your age,
    0:13:29 your following is in that same demographic.
    0:13:32 And I’m sure you got variables on each side outliers,
    0:13:33 but I wanna share this with you.
    0:13:34 And I’m not trying to say,
    0:13:35 “Oh, no, when I went to school,
    0:13:38 “I had to walk uphill both ways in the snow.”
    0:13:39 I just want you to know,
    0:13:41 if you can put yourself in a place of,
    0:13:44 “This is what I have rather than this is what I lost.”
    0:13:46 Where can I look for opportunities
    0:13:48 rather than looking for obstacles?
    0:13:50 Where can I see where the world is going
    0:13:52 rather than looking in the mirror of where it was?
    0:13:53 I promise you,
    0:13:56 there is more opportunity for you right now to thrive.
    0:13:58 And you’re also a part of a generation
    0:13:59 where we have instant gratification.
    0:14:01 So the other little bit of advice,
    0:14:02 not talking to you like a dad,
    0:14:04 but other little bit of advice,
    0:14:07 do not overestimate what you can do in a year.
    0:14:09 The other way I should say,
    0:14:11 is we all overestimate what we can do in a year,
    0:14:14 and we underestimate what you can do in five.
    0:14:17 And in the next five years with focus,
    0:14:20 look at this amazing woman that you follow.
    0:14:23 I was out here in 2020, it’s not even five years yet.
    0:14:25 Because of determination, because of stick it,
    0:14:28 look how this woman’s life has transformed.
    0:14:29 But if she would have judged,
    0:14:31 let me ask you if you don’t mind me putting that,
    0:14:34 if you would have judged this whole experience six months in.
    0:14:35 – You’re so right.
    0:14:38 If I would have looked back six months after starting,
    0:14:40 I would have seemed like I made no progress,
    0:14:43 but I started as a podcaster, right?
    0:14:44 Three years later,
    0:14:46 I had an award winning social media agency.
    0:14:47 Five years later,
    0:14:48 I have the number one business
    0:14:50 and self improvement podcast network.
    0:14:53 And they call me the podcast princess, right?
    0:14:55 So literally five years later,
    0:14:56 I’m dominating my entire industry
    0:14:58 as the number one female podcaster,
    0:15:01 and I represent all the top business podcasts,
    0:15:04 and I make 30% of all the sponsorships basically, right?
    0:15:06 So to your point,
    0:15:07 so much can change in five years
    0:15:10 if you just focus and you’re consistent.
    0:15:11 – I love it.
    0:15:13 And I love your such proof of that.
    0:15:14 And I want people to look behind
    0:15:16 because let me just ask you,
    0:15:19 was there a time in the first year where you said,
    0:15:20 I don’t know if I should be doing this.
    0:15:22 – 100%, the first two years,
    0:15:25 I was growing on LinkedIn and platforms,
    0:15:27 but pretty much stagnant growth.
    0:15:28 I was getting big guests,
    0:15:29 but I couldn’t really see the light
    0:15:30 at the end of the tunnel.
    0:15:32 I was really becoming an entrepreneur
    0:15:33 and realizing that, hey,
    0:15:35 I can monetize my podcast in other ways,
    0:15:37 and then reinvest into my dream,
    0:15:39 and I’ll ultimately get what I want,
    0:15:41 but maybe not in a straight path.
    0:15:42 – Thank you for that honesty.
    0:15:43 And I don’t mean to be interviewing you,
    0:15:44 but I want to ask you a couple of questions.
    0:15:45 – No, it’s great.
    0:15:48 – And any of that time that anyone in your family say,
    0:15:50 Hala, are you sure you’re doing the right thing?
    0:15:53 – Yes, I mean, I had to actually break up
    0:15:55 with my ex-boyfriend because he didn’t want me
    0:15:57 to become an entrepreneur.
    0:15:59 He was happy with me being a podcaster,
    0:16:01 but as soon as I started a business,
    0:16:03 and it was basically my husband, right?
    0:16:06 So I had to break up with my long-term partner.
    0:16:07 – You questioned yourself,
    0:16:08 questioned your finances,
    0:16:10 people who loved you questioned you,
    0:16:13 and was there ever a moment where you just said,
    0:16:15 I got a bail and you started researching,
    0:16:16 where should I go?
    0:16:18 Should I go back to a secure job?
    0:16:21 Should I do podcasting on the side and get a nine to five?
    0:16:23 Only reason I’m sharing this, you’re shaking your head, yes.
    0:16:24 The reason I’m sharing this
    0:16:26 is ’cause I want all of you to know,
    0:16:28 to do your own thing,
    0:16:30 everybody sees the end result.
    0:16:32 Ogman Dino, he wrote a book called
    0:16:34 The World’s Greatest Salesman.
    0:16:35 He said, you gotta remember
    0:16:38 that the prize is at the end of the journey,
    0:16:39 not the beginning.
    0:16:42 And you don’t know how many corners you have to go around
    0:16:43 until your prize is there.
    0:16:46 Meaning, in my opinion, that is, or my observation,
    0:16:49 is that’s like, you don’t have any corners of obstacles,
    0:16:50 overcoming your parents,
    0:16:51 overcoming someone leaving you
    0:16:53 because you wanted to live into your full potential,
    0:16:54 overcome the self doubt,
    0:16:56 overcome the imposter syndrome.
    0:16:57 Another corner, another corner.
    0:16:59 And sometimes you go around six corners,
    0:17:00 you go like, this one was so hard,
    0:17:01 and you get around the corner,
    0:17:02 and there’s still another corner.
    0:17:04 You’re like, oh my God, when is this gonna happen?
    0:17:06 But that’s only when you’re in it.
    0:17:08 When you’re in it, it seems like forever.
    0:17:10 Now, I’m sitting here having a conversation with you.
    0:17:12 I bet you look back, go, oh my God,
    0:17:14 I got to this in four and a half years.
    0:17:16 It is lightning speed.
    0:17:18 And here’s the part you got to realize.
    0:17:20 And if any of you have children,
    0:17:22 I love to think about or say the truth.
    0:17:25 You probably missed going out with girlfriends
    0:17:26 at certain times,
    0:17:28 maybe missed on some dating opportunities,
    0:17:30 missed out on some family functions.
    0:17:32 You have a friend, I will bet my life,
    0:17:33 you have a friend that goes,
    0:17:34 oh, you’re too busy with your company,
    0:17:35 you don’t even call me anymore.
    0:17:37 I guarantee you have one.
    0:17:39 – A 100%
    0:17:41 – Okay, those same people are gonna look at you
    0:17:45 in three or four years and go, oh my God,
    0:17:47 I used to know her.
    0:17:48 I wonder if I could get some information
    0:17:50 on how I could do what she did.
    0:17:52 What I’m saying is everybody wants the outcome
    0:17:54 of where this amazing woman is right now
    0:17:56 where she’s gonna be over the next 10 years.
    0:17:57 But most people aren’t willing to do the work.
    0:17:59 So I’m just gonna tell you to say, do the work.
    0:18:01 Don’t expect it to happen in three months
    0:18:03 or six months or a year.
    0:18:04 Here’s something really important.
    0:18:06 Somebody just asked me last week
    0:18:08 about what’s the fastest way to success.
    0:18:10 It’s like, oh my God, you know now,
    0:18:11 there’s a million things
    0:18:13 that you never thought you had to think about that you do.
    0:18:15 But if I had to boil it down to a few,
    0:18:19 number one, model proven practices.
    0:18:21 Find somebody who’s already done what you’re doing
    0:18:23 and model what they’re doing.
    0:18:25 Have them be a mentor, get in their coaching program,
    0:18:28 just obsessively observe everything they’re doing.
    0:18:32 There is no reason in today’s world to start at zero
    0:18:34 when somebody is already doing what you wanna do.
    0:18:36 Start off where they left off and then make it yours.
    0:18:40 Number one, number two, you need a big enough purpose.
    0:18:42 If your purpose is I wanna get rich and buy the watch
    0:18:45 and go on vacations, I promise you there’ll be a point
    0:18:46 where you go, ah, it’s not worth it.
    0:18:48 But when you have the opportunity to go deeper
    0:18:51 and say, hey, my father came with a chicken
    0:18:54 and transformed his life, I want my family to see.
    0:18:57 Maybe in your life, I’m not putting words in your mouth.
    0:19:00 I want a partner that sees my worth as a human,
    0:19:03 as an entrepreneur and fuels my entrepreneurship.
    0:19:04 I am not gonna stop that
    0:19:06 ’cause I’m gonna attract a man or a partner
    0:19:08 that loves me for exactly who I am.
    0:19:11 We need something so big that when you get turned down,
    0:19:14 and you’re six months in, when imposter syndrome kicks in,
    0:19:15 when a boyfriend breaks up with you
    0:19:17 or a parent tells you you’re crazy,
    0:19:20 something so big that you go, I hear you,
    0:19:21 but I’m not stopping.
    0:19:25 And then the third thing is you just gotta keep persisting.
    0:19:26 You gotta keep going around corners.
    0:19:28 Some of us have to go around three corners.
    0:19:30 Some of us have to go around 30.
    0:19:32 But if you persist, you will succeed.
    0:19:34 There’s no way around it.
    0:19:35 – Let’s hold that thought
    0:19:37 and take a quick break with our sponsors.
    0:19:41 (air whooshes)
    0:19:42 – I love it.
    0:19:45 I’m sure you got everybody tuning in fired up
    0:19:48 about being an entrepreneur if they’re not one yet.
    0:19:51 So before we get into more information about entrepreneurship,
    0:19:53 I did wanna talk about your event coming up.
    0:19:55 So it’s June 13th, June 15th.
    0:19:57 Who should be going to that event?
    0:19:59 It’s called The Game Has Changed.
    0:20:00 It’s co-hosted with Tony Robbins.
    0:20:01 Who should be going?
    0:20:02 What are they gonna learn?
    0:20:03 How can they sign up?
    0:20:04 – Yes, thank you.
    0:20:06 I’m so stoked.
    0:20:08 We’re only a short time away from this.
    0:20:08 We do one a year,
    0:20:11 but this is unlike anything we’ve ever done before.
    0:20:12 We’re gonna have over a million people signed up,
    0:20:16 which I can’t wait because The Game Has Completely Changed.
    0:20:20 Who should sign up is if you’re the investigator.
    0:20:21 I like calling someone who’s unfulfilled
    0:20:22 in their current career
    0:20:24 or tried something that’s not working
    0:20:25 and you know you’re meant for more.
    0:20:27 You just don’t know what to do and where to start.
    0:20:29 Come, investigate.
    0:20:29 It’s free.
    0:20:31 It’s three days, about three hours a day.
    0:20:33 I promise you it’ll be the greatest event
    0:20:34 you’ve been a part of.
    0:20:36 Because you’ll see opportunities
    0:20:37 if nothing else that will inspire you
    0:20:39 that you know you need to do more.
    0:20:41 The second I’m gonna call the part timer.
    0:20:43 You’re kind of an entrepreneur.
    0:20:43 You’re kind of not.
    0:20:45 I don’t wanna call you a dabbler,
    0:20:46 but every time you’re in,
    0:20:47 every time it gets a little rough,
    0:20:49 you bail back out to something you don’t like
    0:20:50 and then you realize you don’t like it
    0:20:52 and you’re like, you dabble with something else.
    0:20:53 There’s no dabbling.
    0:20:55 The only way is to go all in, burn the boats.
    0:20:58 So if you’re the dabbler part timer, you need to come.
    0:21:00 And if you’re in business and it’s time to scale,
    0:21:03 come learn why you should have an information product
    0:21:05 attached to your business.
    0:21:06 It’ll be when you start doing business
    0:21:07 or you do already, you realize
    0:21:09 you got a profit and loss statement, your P&L.
    0:21:12 It’ll be the most profitable thing on your P&L statement.
    0:21:13 So who should come?
    0:21:16 The investigator, the part timer, a person in business.
    0:21:19 And we’re gonna show you over the next over three days
    0:21:23 is how your greatest asset is your life experience,
    0:21:25 a skill, a passion that you have
    0:21:27 and how to extract it, how to turn it into a product,
    0:21:29 how to find your ideal client,
    0:21:30 how to turn it into a real business,
    0:21:33 how to deliver it with passion and confidence
    0:21:35 and this is what Tony and I have done collectively
    0:21:37 for 74 years, Hala.
    0:21:38 And we’re at a place in our lives
    0:21:40 where we just wanna shake everybody and go,
    0:21:41 please look at this.
    0:21:43 This industry is at a billion a day.
    0:21:45 It’s headed towards a trillion a year
    0:21:48 and it needs excited entrepreneurs
    0:21:51 who understand the process of putting out wisdom.
    0:21:55 The last thing I’ll say is we are drowning in information
    0:21:57 but we are starving for wisdom.
    0:21:59 And when you know the difference of putting something
    0:22:02 out there that actually gets people benefits,
    0:22:04 it actually lets them reach their desires.
    0:22:07 You stand out and with 74 years experience,
    0:22:10 we know how to show people to do that with confidence.
    0:22:11 – Yeah, you totally do.
    0:22:14 You guys have sold some of the biggest online events
    0:22:15 out there and that’s basically what you’re teaching,
    0:22:17 how to put out digital products.
    0:22:20 – Exactly, how to create information, digital products
    0:22:22 and every single one of you,
    0:22:24 you might be thinking I have nothing to offer, not true.
    0:22:27 Every one of you has something someone else needs
    0:22:28 and wants right now.
    0:22:31 And I think it’s the great equalizer.
    0:22:32 I think it’s a way to start.
    0:22:35 I think it’s a way to on ramp into something new
    0:22:37 while you’re off ramping in something you don’t like.
    0:22:39 You don’t have to jump in all at once.
    0:22:40 And I’m sure it’s in the show notes
    0:22:43 but we have a link where everyone can register for free.
    0:22:48 It’s deanandtonielive.com/hala, H-A-L-A of course.
    0:22:51 So deanandtonielive.com/hala
    0:22:54 and you can register for free.
    0:22:55 We’re really stoked.
    0:22:58 – Awesome, so like he said, it’s gonna be in the show notes.
    0:23:01 So Dean, let’s stick on this topic for a little bit
    0:23:03 in terms of how people don’t have to choose
    0:23:06 between their career and their passions anymore.
    0:23:08 There used to be a day where to make money,
    0:23:10 you just had to do hard work.
    0:23:12 Didn’t necessarily mean you like to do the work
    0:23:14 but it was what was available
    0:23:15 and that’s really not the case anymore.
    0:23:20 So how have things changed from the past in terms of this?
    0:23:21 – Such a great question.
    0:23:23 I could sit and chat with you for hours
    0:23:26 because the main reason we called it the game has changed
    0:23:27 just because of that.
    0:23:28 People used to think to get successful,
    0:23:30 I have to find a way that makes money.
    0:23:33 Even if I like it or I don’t sacrifice myself completely
    0:23:35 and just hopefully make the money.
    0:23:39 That has changed exponentially because of technology,
    0:23:42 because of AI, because of the ability to learn
    0:23:44 at a fast pace to be able to get product
    0:23:47 and testing out like that at minimal cost.
    0:23:48 All of those things have changed.
    0:23:50 That’s why we named it the game has changed.
    0:23:52 But I think the most important thing
    0:23:54 and I can see in the interviews
    0:23:56 ’cause I watched a few of your interviews before
    0:23:57 so I can get to know you even a little better
    0:24:01 since it’s been four and a half years.
    0:24:04 I think we’ve been taught and told the biggest lie.
    0:24:07 When you hear people say we must have work-life balance.
    0:24:09 I think that’s the biggest crap in the world.
    0:24:11 Do you know anybody that has work-life balance?
    0:24:14 I think that’s shared with people
    0:24:16 because people didn’t like their jobs.
    0:24:18 Over 50% of people are in a job that they hate,
    0:24:20 not just like they hate it, right?
    0:24:22 So they’re in a job that they hate and it’s like,
    0:24:23 I must balance.
    0:24:24 I could picture somebody like at the front door
    0:24:26 before they walk in like, I got a balance.
    0:24:28 I’m gonna walk through the door with a smile.
    0:24:29 I need this balance.
    0:24:30 I need this balance.
    0:24:31 It never works, right?
    0:24:34 If you’re having a bad day at work, you carry that home.
    0:24:34 Things aren’t going.
    0:24:36 If your boss has got his thumb on your head
    0:24:37 or her thumb on your head, you carry it home.
    0:24:40 So what you’ve discovered and you probably know this,
    0:24:42 I’m just gonna put a term to it,
    0:24:45 is life work integration.
    0:24:47 When you have the opportunity to do something
    0:24:50 that empowers you, we’re working right now, both of us.
    0:24:51 This is a blast.
    0:24:52 I’m having a time in my life.
    0:24:53 – Oh, he’s fine, yeah. – We’re working.
    0:24:55 This is our work, right?
    0:24:57 And if you inspire me today
    0:24:58 or I’m watching some of your other podcasts
    0:25:01 and I get inspired and I’m in a better space
    0:25:03 and I see a breakthrough
    0:25:04 and I see I can live into my full potential.
    0:25:06 When I go home to my wife, I’m a better man.
    0:25:09 When I play with my kids, I’m a better father.
    0:25:12 And the wish, I would wish I could grant
    0:25:14 the reason we’re doing this live event
    0:25:17 is to show you that you literally could have a life,
    0:25:19 not a pie in the sky, not get rich for doing anything,
    0:25:21 but you could have a life where you don’t care
    0:25:24 and you don’t know where work ends and life begins
    0:25:27 because you’re growing as a human in both of them.
    0:25:29 And that’s why we call it the game has changed.
    0:25:31 And COVID proved that.
    0:25:32 When COVID came, we were all home.
    0:25:34 That’s when we did our last interview.
    0:25:35 A lot of people didn’t go back
    0:25:37 ’cause they’re like, I’m not going back to a group
    0:25:39 that makes me feel bad about myself every day,
    0:25:41 that stops my innovation.
    0:25:43 But most people didn’t know where to turn.
    0:25:45 And that’s why Tony and I will scream for mountaintops
    0:25:48 to give people a path and a plan to do that.
    0:25:50 – Yeah, so what about normal people, right?
    0:25:54 People who are not me or you, they don’t have a platform.
    0:25:55 Why do you think that they have something
    0:25:56 to teach other people?
    0:25:58 How do they know when they do have something
    0:25:59 to teach other people?
    0:26:00 – Really great question.
    0:26:02 I know a lot of you are young on here.
    0:26:04 Listen, but let me just ask you,
    0:26:05 and I’ve asked a lot of people this.
    0:26:08 When people say to me, I’m not sure my life experience
    0:26:09 is valuable.
    0:26:12 I say, if you had the opportunity to go back
    0:26:15 and spend one week with your 18 year old self,
    0:26:16 and for that one week,
    0:26:18 your 18 year old was gonna sit and listen to you
    0:26:19 for a week.
    0:26:21 And I’ve asked with a million dollars,
    0:26:22 I’ve asked with a hundred thousand.
    0:26:24 I said, if you had a chance to go back
    0:26:25 and spend a week with your 18 year old self,
    0:26:27 and you could bring back any information,
    0:26:29 here’s the business you went.
    0:26:31 Don’t get in that relationship.
    0:26:32 Don’t look at the lens of relationship.
    0:26:34 Don’t replicate what your parents did.
    0:26:36 Think of all the things you would tell
    0:26:37 your 18 year old self.
    0:26:38 Think bigger.
    0:26:40 Don’t let other people get in your mind.
    0:26:41 Maybe don’t go to college.
    0:26:43 Go right into entrepreneurship
    0:26:44 and find specialized knowledge.
    0:26:46 Go mentor for somebody.
    0:26:47 Take a deep breath.
    0:26:48 You don’t need to be married by 25.
    0:26:50 Like all the things that you would do,
    0:26:54 I say, would you choose if I could wave a magic wand
    0:26:56 and put a million bucks in your bank account,
    0:26:59 or send you back for a week with your 18 year old self?
    0:27:01 99.9% of the time, everybody always goes,
    0:27:04 oh my God, I would go back and talk to my 18 year old self.
    0:27:05 My life would be better.
    0:27:07 I’d be happier, I’d be more fulfilled.
    0:27:08 I would change my exercise.
    0:27:09 I would change the way I looked at relationship,
    0:27:11 the way I looked at entrepreneurship.
    0:27:13 That’s worth hundreds of millions.
    0:27:16 We gotta realize the life experience you’ve accumulated
    0:27:19 is that valuable to someone else who’s just starting off.
    0:27:21 If you went through a bad breakup
    0:27:24 and found yourself after somebody starting the breakup,
    0:27:25 you might wanna create a program
    0:27:27 or a community based around that.
    0:27:29 If you got good at sales, if you got good at podcasts,
    0:27:31 if you got good at anything,
    0:27:34 you are one step ahead of somebody who’s starting on zero.
    0:27:36 You get to collapse time.
    0:27:37 And that’s what all of us want.
    0:27:38 We want time.
    0:27:40 We want the fastest smart entrepreneurs
    0:27:42 cut checks for speed.
    0:27:43 That’s just it.
    0:27:44 And you have the opportunity
    0:27:47 to collapse time for other people.
    0:27:48 By day one, everybody’s gonna know,
    0:27:51 oh, I do have something and this is what it is.
    0:27:53 – Yeah, I love what you’re saying because it’s so true.
    0:27:55 For instance, AI.
    0:27:57 AI just came out a year ago.
    0:28:01 For the public, if you’ve mastered AI in the last year,
    0:28:03 you’re already so much far ahead of everybody
    0:28:04 who hasn’t even thought about it yet.
    0:28:07 And you can turn that into a product,
    0:28:09 just even having a year of experience.
    0:28:11 – You are so 100% right.
    0:28:14 Especially everybody over 40 is struggling with AI.
    0:28:15 Everybody under 40 is part of their life.
    0:28:18 My kids, my 17 and 15 year old son,
    0:28:20 use it every day of their life, right?
    0:28:23 Where my dad, I got to explain to him every five minutes
    0:28:24 on how it’s not Google.
    0:28:26 It’s different and show them how to ask questions.
    0:28:29 So great example, great example.
    0:28:30 – Yeah, okay.
    0:28:32 So we talked about some of the opportunities,
    0:28:34 the fact that technology is moving so fast.
    0:28:36 It’s easier than ever to become an entrepreneur
    0:28:38 to sell something online.
    0:28:40 But let’s talk about some of the challenges.
    0:28:43 And I know one of the big challenges is inflation.
    0:28:44 And when I think about inflation,
    0:28:47 I think about groceries, right?
    0:28:48 I don’t really think about entrepreneurship.
    0:28:51 So how does inflation impact entrepreneurship?
    0:28:53 – I’m just gonna quote Warren Buffett,
    0:28:55 not quote, but share some of the things he said.
    0:28:57 He said, during high inflation,
    0:29:01 if you have a business that relies on buying product
    0:29:03 and having it shipped, you can get slaughtered
    0:29:06 because gas prices can go up,
    0:29:07 the cost of storing it goes up
    0:29:09 and the cost of the product goes up.
    0:29:11 So if you have small margins,
    0:29:13 if you’re buying something for 20 bucks
    0:29:15 and you’re selling it for 30 bucks,
    0:29:18 and all of a sudden gas prices, margin, shipping goes up,
    0:29:20 your profit is destroyed.
    0:29:22 They say if you’re a carpenter
    0:29:24 and you have a hammer, everything looks like a nail.
    0:29:25 So of course I’m gonna look through the lens
    0:29:27 of my business, my industry.
    0:29:30 Why I love what you’re doing right now
    0:29:33 is right now you are providing value to the world.
    0:29:35 You have sponsorship, your company’s there to make money.
    0:29:36 It should, you should make a lot of money
    0:29:37 for the lives you’re changing.
    0:29:40 I hope you make more than anything on the planet
    0:29:42 because you’re impacting lives for a living.
    0:29:45 But right now, you’re not paying for a product.
    0:29:47 You’re delivering this through social media platforms
    0:29:49 that don’t cost you anything.
    0:29:51 Your cost of goods is zero.
    0:29:52 Of course you have to have a studio,
    0:29:53 you have to have someone help you.
    0:29:54 I get all that.
    0:29:56 But you’re not putting product in a business
    0:29:59 and you don’t know if inflation is gonna destroy you.
    0:30:01 You’re on a grocery store right now, you are screwed.
    0:30:03 People are mad, the prices go up,
    0:30:04 and your margins are going down,
    0:30:06 you can do nothing about it, you’re choked.
    0:30:08 Why I love the information industry
    0:30:10 is ’cause your product costs nothing.
    0:30:11 You don’t have to store it,
    0:30:12 you don’t have to warehouse it.
    0:30:14 Inflation doesn’t impact it
    0:30:16 and it’s one of the most valuable assets
    0:30:17 you can deliver to people.
    0:30:20 To me, it is inflation proof
    0:30:22 and simultaneously you can grow, you hire.
    0:30:24 Did you say you’re at 60 people?
    0:30:25 60 employees, yes.
    0:30:26 Amazing, amazing, right?
    0:30:28 If we get to sell information and grow,
    0:30:30 then we hire other people, we can pay them better
    0:30:34 and we help reduce the stress of inflation.
    0:30:37 That’s awesome in terms of inflation.
    0:30:39 So traditional business models
    0:30:42 are not doing as well as new business models
    0:30:44 that are online because of this inflation,
    0:30:46 because you have to have products, store it.
    0:30:49 We basically have free distribution now.
    0:30:50 What other challenges do you think
    0:30:52 entrepreneurs are facing right now?
    0:30:55 I think the biggest challenge,
    0:30:58 and this is just, my age is determining this,
    0:31:01 I think our biggest challenge is the stories
    0:31:03 that are going on inside of our heads.
    0:31:05 In all my years in partnering
    0:31:07 and fortunate to meet some amazing entrepreneurs
    0:31:09 and multiple billionaires,
    0:31:10 and I don’t say like, “Look at me,”
    0:31:12 but you see, you can’t help and you do this
    0:31:13 ’cause you’re interviewing so many great people.
    0:31:15 You are seeing trends.
    0:31:17 That’s why you’re doing so well in your business.
    0:31:18 It’s a great business model, by the way.
    0:31:20 You’re interviewing incredible entrepreneurs
    0:31:21 and then you take what you learn
    0:31:23 and input it in your own business.
    0:31:25 Brilliant, right? Brilliant.
    0:31:27 But if you see the entrepreneurs who thrive,
    0:31:29 especially when things are changing,
    0:31:32 it’s because they’re working on their personal development.
    0:31:33 They work on their personal growth.
    0:31:35 They work on their thoughts.
    0:31:37 They work on their emotions
    0:31:39 because during uncertain times,
    0:31:42 I would say we are in those,
    0:31:45 our brains can start focusing on what could go wrong.
    0:31:47 Our brains start focusing on how to protect,
    0:31:49 how to play goalie.
    0:31:51 And a lot of times when things shift,
    0:31:53 you can’t play goalie, you can’t protect
    0:31:54 ’cause if you’re not climbing, you’re sliding.
    0:31:56 That’s a fact.
    0:31:58 So a couple of things, and I would write these down.
    0:32:01 Number one, you must protect your confidence.
    0:32:03 In a shifting time, in a crazy time,
    0:32:04 in a time you wanna grow,
    0:32:06 you have to protect your confidence.
    0:32:07 You’ve never made a good decision
    0:32:08 when your confidence is down.
    0:32:11 You didn’t get the date, you didn’t get the relationship,
    0:32:13 you didn’t get the job, you didn’t get the sale.
    0:32:15 You got nothing when your confidence is down.
    0:32:16 You know that.
    0:32:18 So you have to focus on anything you can.
    0:32:20 Borrow confidence from the past.
    0:32:22 Borrow confidence from a great podcast.
    0:32:24 Borrow confidence from an incredible book.
    0:32:26 Borrow confidence from a mantra.
    0:32:27 I can do this, I can do anything.
    0:32:29 God gave me a gift and I’m gonna bring it to life.
    0:32:31 Whatever it is you need to do,
    0:32:33 you gotta work on your mindset
    0:32:36 because, again, not quoting simple quotes,
    0:32:39 but Henry Ford said, “If you think you can, you will.
    0:32:41 “And if you think you can’t, you won’t.”
    0:32:44 So it doesn’t matter if you have the greatest business.
    0:32:46 If you get in your head, you’re dead.
    0:32:47 If you get in your head thinking this is gonna go wrong,
    0:32:48 inflation’s gonna kill me,
    0:32:50 what’s gonna go on with this election?
    0:32:51 You’re focused so much on the outside,
    0:32:53 your business suffers.
    0:32:57 So for me, I would say go upstream and work on you.
    0:32:58 Become unstoppable.
    0:33:01 Have a mind that you can question the negative thoughts.
    0:33:04 You can observe and say I get that part,
    0:33:07 but I’m going after the opportunity, not the obstacle.
    0:33:10 I’m gonna focus on what I have, not what I’ve lost.
    0:33:12 I think you need to be a warrior
    0:33:14 inside your mind right now more than any other thing.
    0:33:16 ‘Cause once you have that,
    0:33:19 I would absolutely go with someone
    0:33:23 with an unstoppable mindset and a C opportunity,
    0:33:26 then someone who’s scared with an A opportunity.
    0:33:28 – Yeah, the number one job of an entrepreneur
    0:33:30 is to sell, right?
    0:33:31 And if you have no confidence. – Absolutely.
    0:33:33 – And you get on a sales call, you’re selling,
    0:33:35 you’re not selling anybody to join your team,
    0:33:37 you’re not selling anybody to buy your products
    0:33:40 and you need to be able to sell and have confidence.
    0:33:42 So let’s talk about worst businesses
    0:33:44 and best businesses to start right now.
    0:33:46 What’s your opinion?
    0:33:47 – The way things are right now,
    0:33:51 I would not start anything that takes a huge capital call.
    0:33:53 If you have to finance your house,
    0:33:54 if you have to get credit cards,
    0:33:56 if you have to borrow money or use your savings
    0:34:00 or tap into your 401K to put a lot of money out,
    0:34:02 I would honestly pause on that.
    0:34:04 I would pause on crazy spending right now.
    0:34:05 I know you didn’t ask me that.
    0:34:08 I would pause on buying the brand new car today.
    0:34:10 I would pause on buying the really fancy watch.
    0:34:12 I would pause on buying the bigger house right now.
    0:34:16 I would pause on that just to see where things are going.
    0:34:17 But don’t pause on your innovation.
    0:34:19 Don’t pause on your creativity.
    0:34:21 Don’t pause on your energy.
    0:34:23 I would pause on putting money
    0:34:25 into any company that takes a huge upfront
    0:34:28 and if it’s got huge product costs.
    0:34:30 So that’s a must.
    0:34:32 And on the opposite side,
    0:34:33 I feel like I just keep coming back to my thing.
    0:34:34 But there’s other businesses like that.
    0:34:38 What businesses can you start with your own time and effort?
    0:34:40 What businesses can you start without a huge outlay of cash
    0:34:43 to get the first momentum, to get the first sales,
    0:34:44 to get things going?
    0:34:47 What things can you do to allocate resources,
    0:34:49 minimal resources to spend a little
    0:34:52 and get a lot back and get proof of concept?
    0:34:52 Here’s what I’m just saying.
    0:34:54 If you’re in a place where I’m gonna quit my job
    0:34:56 and go all in, I would say find something
    0:35:00 where you can do a little bit at a time,
    0:35:01 so you can see it’s working.
    0:35:04 And then when the new thing is replacing the income
    0:35:07 of the old thing, then you can decide to transition.
    0:35:09 That’s the time and life we’re at.
    0:35:12 Now, if you’re saying, I don’t have time for that,
    0:35:13 I’m gonna jump ahead here.
    0:35:15 I could just picture people saying, I’d love that,
    0:35:17 but my job keeps me so busy.
    0:35:18 Here’s what I wanna say.
    0:35:21 Obsess over the next couple of days
    0:35:23 and create a not-to-do list.
    0:35:25 We all have a to-do list, create a not-to-do list.
    0:35:27 And here’s what I would suggest.
    0:35:30 Realize your job, or the thing you’re doing right now
    0:35:31 is just a stepping stone in your life.
    0:35:32 It’s not forever.
    0:35:34 If you do that, you’ll appreciate it more.
    0:35:35 ‘Cause right now, if you’re like, oh, I hate my job,
    0:35:38 I wanna do this thing, it doesn’t usually work that way.
    0:35:39 ‘Cause how you do one thing is how you do everything.
    0:35:41 So you gotta go, don’t love this job,
    0:35:44 but I love it for now, ’cause it’s gonna be my launching pad.
    0:35:44 That’s number one.
    0:35:47 Number two, I would make a list
    0:35:49 of all the activities that you do.
    0:35:50 Hear me on this one.
    0:35:52 Four different buckets.
    0:35:54 Bucket number one on the activities you do
    0:35:55 are non-negotiables.
    0:35:57 For me, that would be date night with my wife,
    0:36:00 spending time with my kids, bringing them to school.
    0:36:01 There’s non-negotiables.
    0:36:02 I’m not stopping doing that.
    0:36:03 I’m not missing tennis matches.
    0:36:04 I’m not missing softball practices.
    0:36:06 I’m not, non-negotiable.
    0:36:09 So once you have your list of non-negotiables,
    0:36:11 number two is what can I automate?
    0:36:13 What things do I work on that I could do auto-pay?
    0:36:16 I could have my dry cleaning picked up,
    0:36:17 or groceries delivered.
    0:36:20 What can you automate that buys you back time?
    0:36:21 So that’ll buy back a little.
    0:36:23 Number three, what can you delegate?
    0:36:27 Are there things I could get a $5 an hour assistant online
    0:36:30 or Fiverr or what are some things I could do
    0:36:32 with a virtual assistant or with people in my family
    0:36:34 or my cousin or my brother?
    0:36:36 What can I do to delegate some of these things
    0:36:37 to buy back some more time?
    0:36:39 The fourth is the most important.
    0:36:41 What must you eliminate?
    0:36:43 What do you have to stop doing?
    0:36:44 If going out with your girlfriends
    0:36:46 and have a couple drinks and all of a sudden,
    0:36:48 you realize you wasted three hours of your time
    0:36:49 and you really didn’t accomplish much,
    0:36:52 maybe you got to spend the next three months without that.
    0:36:53 The last time you got on your phone
    0:36:54 and said I’m gonna surf for a minute
    0:36:55 and you’re on for an hour,
    0:36:56 maybe you got to stop that.
    0:36:58 Last time you binged on Netflix,
    0:36:59 maybe you got to stop that.
    0:37:01 And you see why the purpose is so important
    0:37:03 because you need something bigger to go,
    0:37:04 screw Netflix right now.
    0:37:05 The hell with this, I’m not gonna do this.
    0:37:08 So you need to know what you can eliminate.
    0:37:10 And the easiest way to say to eliminate
    0:37:13 is does this serve the woman or the man I want to become?
    0:37:16 Or does it not serve the man or the woman I want to become?
    0:37:17 If it doesn’t, you got to cut it.
    0:37:19 There’s no gray, you got to get rid of the gray.
    0:37:21 Gray is for people who are stuck
    0:37:22 and they drift their whole life.
    0:37:24 So the heck with the gray.
    0:37:26 If you really could say, these are non-negotiable,
    0:37:28 I’m gonna automate these few things,
    0:37:29 I’m gonna delegate some of this,
    0:37:31 I’m gonna quit doing this, guess what?
    0:37:34 Three or four or five hours a week open up.
    0:37:36 You spend those three, four or five hours a week
    0:37:38 on your new project and obsess on it.
    0:37:41 Sacrifice today, miss a few things today.
    0:37:43 Say no today to other people
    0:37:45 because then in a year or five years now,
    0:37:47 you could say yes to fricking everything.
    0:37:49 And then start working on the new thing.
    0:37:52 When the new thing replaces the old thing, there you go.
    0:37:53 Really, really smart advice.
    0:37:55 And I have to say that I did that as well.
    0:37:59 I remember for four years, I didn’t watch any TV.
    0:38:01 I didn’t even post on Instagram.
    0:38:04 I focused on LinkedIn for my job and my podcast.
    0:38:06 I didn’t really go out much on the weekends.
    0:38:07 I just sacrificed.
    0:38:10 But then four years later, I’m able to manage my schedule.
    0:38:12 I do whatever I want.
    0:38:13 It can be temporary sacrifice.
    0:38:15 It doesn’t have to be forever.
    0:38:17 – And if you’re in a career you hate,
    0:38:19 that’s a lifelong sacrifice.
    0:38:22 I’d rather sacrifice hard for four years
    0:38:24 to live 60 in a really abundant way.
    0:38:28 – We’ll be right back after a quick break from our sponsors.
    0:38:37 So let’s talk about how we can actually turn our passions
    0:38:38 into a real business.
    0:38:40 What kind of things should we be thinking through?
    0:38:43 What kind of a roadmap should we have?
    0:38:44 – First off, I would think of,
    0:38:46 what are some of the things people come to you for?
    0:38:48 If you put it in buckets,
    0:38:51 number one is a lot of us have a career skill.
    0:38:53 Even if we’re in a career we don’t like,
    0:38:56 you’ve learned something that at one point
    0:38:57 you didn’t know and now you do.
    0:38:59 Whether that’s sales or accounting
    0:39:02 or it’s human resources
    0:39:04 or it’s helping people with their mental philosophy.
    0:39:07 It’s being leader, a leader in your company.
    0:39:09 Even though you might not like it in your company,
    0:39:12 when you have the opportunity to turn that into a product
    0:39:13 and you inspire others,
    0:39:15 it becomes so rewarding and fulfilling.
    0:39:17 So I would think what is your core competency
    0:39:20 or unique ability you have in a skill
    0:39:22 or in your business, that’s number one.
    0:39:24 Number two, we have so many clients
    0:39:27 that have taken a life experience.
    0:39:28 We have people who have gone through divorce
    0:39:30 and they found a way to do a child-centered divorce
    0:39:32 and now they have hundreds of thousands of members
    0:39:34 helping with divorce.
    0:39:37 We got amazing women helping women through menopause
    0:39:39 naturally or trimester four, they call it,
    0:39:41 after your baby’s born.
    0:39:44 Or just I went, people turned vegan
    0:39:45 and got rid of all their ailments
    0:39:47 and now they’re teaching people to go vegan.
    0:39:49 That is life experience.
    0:39:50 And sometimes, hear me on this one,
    0:39:54 sometimes your mess is your best message.
    0:39:55 I went through a horrible breakup
    0:39:57 and now I’m a stronger person today than I ever was.
    0:39:59 I’m gonna help people who are just starting out
    0:40:00 with their breakup.
    0:40:01 And so many times people say to me,
    0:40:03 well, I’m not all the way through yet.
    0:40:05 I got this from Jenna Kutcher.
    0:40:07 – She’s in my network, Jenna Kutcher.
    0:40:08 – Yeah, Jenna became a dear friend.
    0:40:10 And Jenna said, when people gotta realize,
    0:40:11 sometimes your best time to share
    0:40:13 is when you’re in the messy middle.
    0:40:14 ‘Cause you’re in the thick of it,
    0:40:17 but you’re still one chapter ahead of someone else.
    0:40:19 So if you’re a chapter ahead,
    0:40:20 even though you’re in the messy middle,
    0:40:23 you can help bring people along with you on the ride.
    0:40:24 And then the last one is something
    0:40:26 you’re extremely passionate about.
    0:40:29 I just used my partner, Tony Robbins, as an example.
    0:40:32 He found out years ago how so many people
    0:40:35 were getting ripped off in their 401ks and their IRAs.
    0:40:37 And he got pissed and it became a passion.
    0:40:38 And he studied it.
    0:40:40 He’s not the finance guy.
    0:40:43 He’s Tony’s the strategist and business coach,
    0:40:44 but not the finance guy.
    0:40:45 But he studied it obsessively.
    0:40:48 Then he interviewed the best guys in the world
    0:40:49 and he wrote the book Money Master of the Game.
    0:40:54 It’s still the number one investing book of our generation.
    0:40:55 And he’s not the guy.
    0:40:57 He became the reporter of other people
    0:40:59 because he was passionate about it.
    0:41:02 So you either have a career skill, a life experience,
    0:41:04 or something you’re passionate about
    0:41:06 that someone else is starting off on day one.
    0:41:08 And that’s the way I would start looking at it.
    0:41:09 And then of course, how to package it,
    0:41:11 how to find people who want it.
    0:41:12 That’s what we do so well.
    0:41:13 But that’s how I would start.
    0:41:16 So one question just to kind of piggyback on it,
    0:41:18 you just sort of mentioned it,
    0:41:19 is how do you know if you have a product
    0:41:21 that people actually want?
    0:41:24 Because as you’re talking about these personal experiences,
    0:41:26 skills that you have, it’s really interesting
    0:41:28 ’cause I never would have thought of menopause
    0:41:29 as something that you can teach.
    0:41:32 But it’s so smart because so many women are going through this.
    0:41:35 There’s probably very little information out there.
    0:41:38 And even if you’re not a gynecologist or something,
    0:41:40 you might have an experience to share to teach other people
    0:41:42 that people would actually want and pay for.
    0:41:44 And there’s a large market.
    0:41:46 How do you know that you have a big enough market
    0:41:47 for what you’re trying to sell?
    0:41:51 We actually teach the smaller the niche, the better.
    0:41:53 Because this thing in our pocket
    0:41:55 has us connected to the whole world.
    0:41:59 We only need 1/10 of 1/10 of 1% of people
    0:42:02 that have our Emma as long as we can find them.
    0:42:04 For example, we had an accountant.
    0:42:06 You think, what would an accountant teach?
    0:42:09 When he was 50, he decided to create
    0:42:10 his own accounting firm.
    0:42:11 He worked for somebody else.
    0:42:13 He started his own business, started doing great.
    0:42:16 And he realized, wow, I was stuck as an accountant.
    0:42:18 I hated it for 30 years.
    0:42:20 So he created, he doesn’t just teach people
    0:42:21 how to be a better accountant.
    0:42:24 He teaches young accountants how to transfer
    0:42:26 into their own business quicker
    0:42:28 so they can live a fulfilled life.
    0:42:30 So he doesn’t say, I’ll teach you how to do your taxes better.
    0:42:33 I’ll teach you how to use a certain spreadsheet.
    0:42:35 He’s like, no, no, no, I don’t want you to waste 30 years
    0:42:36 like I did.
    0:42:39 Let me teach you young hustler accountants
    0:42:41 how to get your own firm quicker.
    0:42:43 Sometimes you think, well, I’m good at sales.
    0:42:43 Well, what kind of sales?
    0:42:45 And do you want to help women in sales?
    0:42:47 Do you want to help women over 50 in sales?
    0:42:48 Do you want to help young people
    0:42:50 learn how to get their first sale?
    0:42:52 When I first started in real estate,
    0:42:53 I didn’t own strip malls.
    0:42:55 I didn’t own multifamily.
    0:42:58 I was really good at just getting into my first
    0:43:01 single family home and then my second, then my third.
    0:43:02 So I taught real estate.
    0:43:05 I had the number one real estate education training
    0:43:07 in the world, nothing even close.
    0:43:08 And all I said, all my training was,
    0:43:11 if you’re thinking about getting into real estate,
    0:43:13 let me show you how to get into your first one.
    0:43:14 Not how to do a million flips,
    0:43:16 not how to make a million bucks a month,
    0:43:18 not how to do multifamily.
    0:43:21 And because our world is so connected,
    0:43:23 that company, you know, was one of the biggest
    0:43:26 in the world in that space because I found a niche.
    0:43:29 So we actually teach people to go smaller.
    0:43:31 I mean, we’ve had people doing art classes
    0:43:32 on how to paint with wolves.
    0:43:33 I always remember that one.
    0:43:35 I was like, wait, what was that?
    0:43:38 She has baby wolves and she teaches you
    0:43:41 to paint outside ’cause you have the paint that’s relaxing,
    0:43:42 but you have a wolf laying next to you.
    0:43:43 That’s the energy of a wolf.
    0:43:46 And she felt the combo was great.
    0:43:48 That’s not my jam, I would never do that.
    0:43:50 But she sells out her events every month.
    0:43:52 It’s just because right now we are in contact
    0:43:55 with so many people, we can find our tiny niche
    0:43:58 and that tiny niche could still be a million people.
    0:44:00 – Yeah, and I know that the more niche you are,
    0:44:01 the more that you can charge
    0:44:04 because you’re solving a very, very specific problem.
    0:44:07 – Right, and the confidence goes up.
    0:44:09 I’ve always said, the woman who teaches menopause,
    0:44:11 I just remember, it was like, wow,
    0:44:13 I would never think of something like that.
    0:44:16 And I remember being on with her in one of my Zoom calls
    0:44:19 and I said, your confidence goes up
    0:44:20 when you’re in a room of people
    0:44:22 that need exactly what you need to share.
    0:44:25 So if I said, hey, we have a mastermind room
    0:44:26 if it’s 100 people next to him,
    0:44:29 I’m like, if there was 100 people in there,
    0:44:30 and I said, hey, there’s some men,
    0:44:31 there’s some women in different ages,
    0:44:33 could you go teach about menopause?
    0:44:35 You’d be like, no, that’s embarrassing.
    0:44:36 I’m not going out there.
    0:44:40 And then if I said, okay, no men, it’s just all women.
    0:44:41 Could you go teach?
    0:44:43 They’re like, no, ’cause they’re young girls.
    0:44:44 They don’t even know what that means.
    0:44:45 They don’t know what it feels like.
    0:44:48 I said, okay, now there’s 100 women in there
    0:44:50 between 42 and 50.
    0:44:51 They’re going through menopause.
    0:44:53 They feel like they’re going crazy.
    0:44:54 They feel like their husband
    0:44:56 or their partner doesn’t love them anymore.
    0:44:58 They have night sweats and they feel uncomfortable.
    0:44:59 Would you go talk to them?
    0:45:01 She goes, yes, I’m a warrior for them.
    0:45:02 Let me go help them.
    0:45:03 I like, you open up the shirt, your cape is on,
    0:45:05 you wanna go help these women.
    0:45:07 So the smaller the niche,
    0:45:09 the more your confidence goes up
    0:45:11 because you have the breakthroughs for them, right?
    0:45:13 Where people think I gotta help women know what women,
    0:45:17 what group, what transition, that’s where our world’s at.
    0:45:19 – Yeah, and to your point,
    0:45:21 confidence breeds confidence, right?
    0:45:24 So if you’re super focused on one specific problem
    0:45:27 and you become the go-to person for it,
    0:45:29 your confidence is gonna go up too.
    0:45:30 – Absolutely.
    0:45:31 – Okay, so one last question.
    0:45:32 Let’s talk about AI
    0:45:34 ’cause you’re talking about how the game has changed.
    0:45:36 How has AI changed the game?
    0:45:38 How do you think entrepreneurs are gonna use AI?
    0:45:39 How do you use AI?
    0:45:40 I’d love to know.
    0:45:44 – Yeah, so I think, again, one of those things,
    0:45:46 most of you listening have probably already used it,
    0:45:48 but how do you sharpen the axe?
    0:45:51 How do you sharpen the tool to use it even more?
    0:45:52 And we know if you ask the right question,
    0:45:53 you get the right answer.
    0:45:57 But what I see, for example, what Tony and I are doing,
    0:45:59 we’ve created an AI, we’ve spent the last year working on it,
    0:46:00 the things like Tony and I.
    0:46:02 We’ve taken our knowledge, our experience,
    0:46:03 how do we do million person events?
    0:46:04 How do we do our marketing?
    0:46:05 How do we write our emails?
    0:46:07 How do we get people to show up?
    0:46:10 How do we identify what our asset is
    0:46:12 and how do we lay out a course or lay out a coaching program
    0:46:15 or lay out a podcast or lay out an in-person workshop
    0:46:16 or an in-person mastermind?
    0:46:18 And we took our years of experience.
    0:46:21 Like, I say this and I know you guys get it,
    0:46:24 but if someone would’ve told me or any of us 10 years ago
    0:46:26 that this would’ve been real, you’d be like, no way.
    0:46:28 But it’s here.
    0:46:30 So for example, where I see the niches,
    0:46:32 where it’s gonna really transform is,
    0:46:34 instead of it just being general help,
    0:46:37 what Tony and I are creating just as an example is,
    0:46:38 how do you think like Tony and Dean
    0:46:40 when it comes to being in this industry?
    0:46:41 How do I lay out my course?
    0:46:44 What are the six topics I should teach on menopause
    0:46:45 or teaching people how to do podcasts
    0:46:47 or teaching people how to sell?
    0:46:48 What would you name the product?
    0:46:49 What would you price the product?
    0:46:50 What would be the headline?
    0:46:52 What would be the first page?
    0:46:53 What is the pictures?
    0:46:55 All of those things, when it thinks like Tony and I,
    0:46:56 it gives us the answers in seconds.
    0:46:59 Even six years ago when we used to teach this,
    0:47:00 it was probably two or three months
    0:47:02 to get through all that.
    0:47:03 You know, who’s my ideal client?
    0:47:04 Who should I be targeting?
    0:47:07 What kind of message do 40 to 60 year old women need
    0:47:10 to get to say, yes, all of that comes out.
    0:47:11 And it thinks like us.
    0:47:13 It’s like having me in your pocket
    0:47:15 and I got 30 years of doing this.
    0:47:17 I never would have thought that existed.
    0:47:19 And sometimes people think it’s difficult
    0:47:21 when really done right,
    0:47:24 it’s simplicity on the other side of complexity, right?
    0:47:25 It’s a complex.
    0:47:27 I could never imagine how AI works.
    0:47:29 But I know if I ask it the right question,
    0:47:31 the simplicity is it gives me an answer
    0:47:33 that just saved me a month of time in research.
    0:47:35 So it is gonna change the game.
    0:47:38 And those that understand how to utilize it
    0:47:39 are gonna be out in front.
    0:47:40 Tony and I have been saying,
    0:47:42 we were just on the phone last night talking about it.
    0:47:44 And I said, when you understand this,
    0:47:46 this allows you to have an unfair advantage.
    0:47:47 It really does.
    0:47:49 It allows you to be one step ahead.
    0:47:51 And those of you who are gonna ignore it,
    0:47:53 unfortunately are gonna be two steps behind.
    0:47:55 I know that sounds harsh, but it’s just a reality.
    0:47:57 And this is the time to embrace it.
    0:47:59 Don’t stick your head in the sand.
    0:48:00 Don’t think it’s gonna go away.
    0:48:03 The game has truly changed forever.
    0:48:05 You might as well get the new game plan.
    0:48:08 – Yeah, AI is something that we’re heavily focused on.
    0:48:09 How can we use it?
    0:48:11 ‘Cause to your point, everyone’s gonna be using it
    0:48:13 and be like light years ahead of us
    0:48:16 if we don’t figure out how we’re gonna leverage AI for ourselves.
    0:48:17 – Absolutely.
    0:48:18 – All right, so this has been
    0:48:19 such an incredible conversation.
    0:48:20 Again, guys, the game has changed.
    0:48:23 The event is June 13th to the 15th.
    0:48:24 We’re gonna stick the link in the show notes.
    0:48:27 If you guys wanna check it out, that website again is Dean.
    0:48:31 It’s deanandtonielive.com/halla.
    0:48:33 – Okay, perfect.
    0:48:34 – And it is free.
    0:48:36 I just gotta share, but the last thing I’ll say is,
    0:48:39 it’s free, but can you pretend you paid $1,000 for it?
    0:48:41 ‘Cause in my experience, when people don’t pay,
    0:48:43 sometimes you don’t pay attention.
    0:48:45 Tony and I get ridiculous amounts of money
    0:48:47 for events and consulting.
    0:48:49 I get $250,000 a day for consulting.
    0:48:50 I don’t say that to brag.
    0:48:51 I can’t believe it.
    0:48:52 I pinch myself sometimes.
    0:48:54 But this is truly free.
    0:48:55 And just put a value in your head.
    0:48:58 I promise you, it’ll be an incredible experience
    0:49:02 and it will open your eyes to some really amazing things.
    0:49:03 – Yeah, I’ve been to these events.
    0:49:04 They’re incredible.
    0:49:05 They’re no fluff.
    0:49:06 You’re actually gonna learn things.
    0:49:09 And as entrepreneurs, you really need to figure out
    0:49:11 how to put on these digital products.
    0:49:12 It’s very important.
    0:49:13 So hopefully you guys go.
    0:49:16 So Dean, two last questions that I end all my shows with
    0:49:18 and it doesn’t have to be about today’s topic.
    0:49:20 You can go wherever you wanna go.
    0:49:22 What is one actionable piece of advice
    0:49:24 that our young and profitors can do today
    0:49:27 to become more profitable tomorrow?
    0:49:29 – I’m gonna go back to what I already shared with you.
    0:49:32 I would today make a list of all the things you do
    0:49:34 on a weekly basis and I would get rid of the things
    0:49:37 that don’t serve the man or the woman you want to become.
    0:49:40 Sacrifice a little today so you can have
    0:49:42 just an abundant life forever.
    0:49:43 – Great advice.
    0:49:46 And what is your secret to profiting in life?
    0:49:48 – Money without fulfillment is the emptiest thing
    0:49:49 in the world.
    0:49:52 So work on you as much as you work on your business.
    0:49:55 Jim Rohn, an old personal development trainers,
    0:49:57 one that got Tony Robbins in this world.
    0:50:00 He said, “For things to get better, we have to get better.”
    0:50:02 And I think if you just work on the money part,
    0:50:04 you might miss the most important part of love,
    0:50:08 family, connection, children, if that’s what you so choose.
    0:50:09 Don’t sacrifice one for the other
    0:50:12 ’cause the fact of the matter is if you have more joy
    0:50:14 in the journey of entrepreneurship,
    0:50:16 you will get there faster.
    0:50:18 – And where can everybody learn more about you
    0:50:19 and everything that you do?
    0:50:21 – I would say just, you can find me on Instagram
    0:50:23 and @deangreziosi.
    0:50:24 – Awesome, we’ll stick all of your links
    0:50:25 in the show notes, Dean.
    0:50:27 Thank you so much for your time today.
    0:50:27 – Oh, this is amazing.
    0:50:29 Take care, everybody.
    0:50:35 – Well, yeah, bam, that was such a phenomenal interview.
    0:50:37 I love Dean’s energy.
    0:50:38 I love when he’s on the show.
    0:50:42 And he always inspires me to be a better entrepreneur.
    0:50:45 And talking with Dean today really reminded me
    0:50:49 of how far I’ve come over the last two, three years
    0:50:50 in my business.
    0:50:52 And sometimes it’s so exhilarating
    0:50:54 to just forget about today’s problems
    0:50:56 and take stock of things
    0:50:59 and recognize how far you’ve come along.
    0:51:00 We don’t really do that enough.
    0:51:02 So why doesn’t everybody just pause right now
    0:51:06 and think about where were you during COVID?
    0:51:09 How far have you come along since then?
    0:51:11 I think a lot of us have grown so much
    0:51:15 and have accomplished so much in just four short years.
    0:51:18 So much transition, so much chaos.
    0:51:21 And a lot of us came out the other side better
    0:51:22 and more successful.
    0:51:24 I hope that was the case for you.
    0:51:26 It’s certainly the case for me.
    0:51:27 And if you’ve been tuning into Young and Profiting,
    0:51:31 hopefully I’ve been a part of that positive journey for you.
    0:51:34 And as business owners, entrepreneurs, or entrepreneurs,
    0:51:37 we all buy into this version of the American dream
    0:51:39 that Dean talked about.
    0:51:41 That opportunity to have no limits,
    0:51:44 to have freedom and ultimate joy,
    0:51:46 to have hope with a path.
    0:51:47 And you need that path.
    0:51:48 You need that plan.
    0:51:51 And like he said, small businesses and entrepreneurs
    0:51:53 are the lifeblood of the country.
    0:51:56 And we should all be so proud of how hard we work
    0:51:58 and how ambitious our dreams are.
    0:52:02 And despite inflation and despite all the challenges
    0:52:03 that we have today,
    0:52:05 there’s really never been a better time
    0:52:07 to be an entrepreneur.
    0:52:08 There’s never been a better time.
    0:52:11 We’ve got platforms like Shopify and Kajabi
    0:52:13 that allow us to create e-commerce businesses
    0:52:17 and courses at our fingertips.
    0:52:19 By the way, those are two sponsors of the show
    0:52:21 and you’ve got great opportunities
    0:52:23 to try these programs for free.
    0:52:27 Today, go on the show notes and find the information.
    0:52:30 Nowadays, because we have all these awesome softwares
    0:52:33 that allow us to just create products,
    0:52:34 we don’t need the tech stuff.
    0:52:37 We just need things that are in our brain.
    0:52:39 And these are things that are not really obvious.
    0:52:41 Like we talked about that lady
    0:52:44 who was teaching people about menopause.
    0:52:45 In the past, there was no way
    0:52:48 that if you wanted to teach people about a life experience
    0:52:51 that you could do that unless you were like a tech wizard.
    0:52:52 That’s no more.
    0:52:53 You can literally just think about
    0:52:56 how to be a good mom and put out a course about that
    0:52:57 or how to be a good dad
    0:53:01 or how to be a strong man or whatever it is.
    0:53:04 It doesn’t even have to be like a skill.
    0:53:05 It could be anything in your life.
    0:53:08 And now you don’t have to drop a hundred grand
    0:53:10 on an info commercial like Dean did.
    0:53:13 We’ve got the possibility with technology
    0:53:17 to just do everything at our fingertips like never before.
    0:53:19 And when you lean into your full potential,
    0:53:22 you’re gonna pursue a career that you truly care about.
    0:53:24 You’ll be a better person, a better partner,
    0:53:25 a better mentor to others.
    0:53:28 And you get to make money while doing it.
    0:53:32 You can transform your skills, passions or experiences
    0:53:33 into a digital product,
    0:53:36 into a thriving business that you love.
    0:53:38 If you are interested in this
    0:53:41 and you wanna master developing digital products
    0:53:43 with two of the greatest to ever do it,
    0:53:46 go ahead and sign up to the game has changed event
    0:53:49 hosted by Tony Robbins and Dean Graziosi
    0:53:50 who was the guest today.
    0:53:53 It’s June 13th to 15th.
    0:53:55 It’s coming up really soon in a couple of days.
    0:53:58 It’s a two day free event, totally free.
    0:54:00 It’s 2.5 hours a day.
    0:54:02 It is gonna be well worth your time.
    0:54:05 I have zero incentive.
    0:54:06 Dean is not a sponsor, he’s just a friend.
    0:54:10 I have zero incentive to promote this.
    0:54:11 But I think it’s great for anybody
    0:54:13 who wants to do a digital course.
    0:54:15 I know that this is gonna be packed with value.
    0:54:18 I’ve attended Dean and Tony’s events before.
    0:54:20 I’m gonna be sending in my team
    0:54:23 to make sure that we know everything that they’re teaching
    0:54:26 because we have our own digital products at Yap Media.
    0:54:28 So I’m sending in my team to learn.
    0:54:31 It’s DeanAntonyLive.com/Hollett
    0:54:33 to sign up for this free two day event.
    0:54:35 Again, it’s June 13th to the 15th.
    0:54:38 It’s 2.5 hours, totally gonna be well worth your time.
    0:54:40 Totally free event.
    0:54:43 I have zero incentive to solicit this.
    0:54:44 And I just wanna share it with you guys
    0:54:46 because I think it’s gonna be well worth your time.
    0:54:50 It’s DeanAntonyLive.com/Hollett.
    0:54:51 We’ll stick that link in the show notes.
    0:54:54 It’s DeanAntonyLive.com/Hollett
    0:54:56 to register for this event.
    0:54:58 And like Dean said, the biggest challenge we have
    0:55:02 is the story that we tell ourselves inside our heads.
    0:55:03 So if you’re telling yourself,
    0:55:06 oh, I could never do that, or oh, that’s not for me,
    0:55:09 or I could never figure it out, snap out of it.
    0:55:11 Snap out of it.
    0:55:13 It’s so important to protect your confidence,
    0:55:15 your belief in yourself.
    0:55:18 That is truly your greatest asset.
    0:55:20 And one of the ways to protect your confidence
    0:55:22 is to increase your confidence
    0:55:24 and to learn from people like Tony Robbins
    0:55:25 and Dean Graziosi.
    0:55:28 So again, the live event is DeanAntonyLive.com/Hollett
    0:55:30 to register.
    0:55:31 And thanks for listening to this episode
    0:55:33 of Young and Profiting Podcast.
    0:55:35 If you listen, learn to profit it from this conversation
    0:55:37 with the amazing Dean Graziosi.
    0:55:39 And you know someone who’s starving for wisdom,
    0:55:42 then why not share this episode with them?
    0:55:44 And if you did enjoy this show and you learned something,
    0:55:47 then please drop us a five star review on Apple Podcast.
    0:55:51 I am going to ask you again, if you enjoy the podcast,
    0:55:53 I love to read my reviews.
    0:55:55 It is so great for our social proof.
    0:55:57 Just take a couple of minutes, drop us a review.
    0:55:58 We have thousands of reviews
    0:56:01 because we have awesome listeners like you.
    0:56:02 It really helps support the show.
    0:56:04 It’s the only thing I ask for
    0:56:06 is for you guys to write a review.
    0:56:09 Please do it, take a couple of minutes.
    0:56:12 And if you prefer to watch your podcast as videos,
    0:56:13 we’re on YouTube.
    0:56:15 I’ve been doing a lot more in-person interviews.
    0:56:18 I’m going to be moving to an in-person format
    0:56:21 because I just feel like there’s so much better chemistry.
    0:56:23 I’m tired of doing it virtual.
    0:56:24 We’re grown up at Young and Profiting.
    0:56:27 We’re moving to in-person later this summer.
    0:56:28 I’m so excited for that.
    0:56:31 But you can start seeing the transition on YouTube now.
    0:56:34 You can find all of our episodes on Young and Profiting.
    0:56:36 If you want to catch me on Instagram,
    0:56:39 it’s @yapwithhalla.
    0:56:40 I’m also on LinkedIn.
    0:56:43 Hala Taha is where you’ll find me there.
    0:56:45 Thank you so much to my YAP production team.
    0:56:47 I appreciate all your hard work behind the scenes.
    0:56:51 This is the podcast princess, Hala Taha, signing off.
    0:56:54 (upbeat music)
    0:56:56 (upbeat music)
    0:56:59 (upbeat music)
    0:57:02 (upbeat music)
    0:57:04 (upbeat music)
    0:57:13 [BLANK_AUDIO]

    Nearly 30 years ago, Dean Graziosi had to build physical products, ship DVDs, and spend over $200k just to sell a $37 course. Today, he could sell the same course for a fraction of the money and time using the power of AI. In this episode, Dean shares insights on the evolving entrepreneurial landscape, leveraging new technologies, and monetizing personal knowledge. 

     

    Dean Graziosi is a renowned entrepreneur, real estate investor, and bestselling author known for his expertise in personal development. He has started or played a major role in over 14 successful companies, including the Mastermind.com platform.

     

    In this episode, Hala and Dean will discuss:

    – Why the American Dream needs a generational reboot

    – How to stay resourceful as an entrepreneur

    – Why work-life integration trumps work-life balance

    – The best and worst businesses to start right now

    – His formula for freeing up time to build your dream business

    – Transforming life experiences into business opportunities

    – How to gain a competitive edge using AI

    – Maximizing business potential with niche markets

    – The importance of confidence and persistence

    – Practical tips for automating and delegating tasks

    – The significance of having a big purpose in business

    – How to model proven practices for faster success

    – And other topics…

    Dean Graziosi is a renowned entrepreneur, real estate investor, bestselling author, and motivational speaker. With over 25 years of experience, he’s on a mission to provide self-education for those seeking transformation and fulfillment outside the traditional education path. He co-hosts numerous training events with Tony Robbins, including the highly anticipated virtual live event, The Game Has Changed. He has played a pivotal role in the success of over 14 companies, including the Mastermind.com platform. Dean is also a dedicated philanthropist, supporting various charitable causes worldwide.

    Connect With Dean:

    Dean’s Website: https://www.deangraziosi.com/ 

    Dean’s LinkedIn: https://www.linkedin.com/in/deangraziosiinc/ 

    Dean’s Twitter: https://twitter.com/deangraziosi 

    Dean’s Instagram: https://www.instagram.com/deangraziosi/ 

    Dean’s Facebook: https://www.facebook.com/deangraziosi

    Dean’s Podcast, Own Your Future: https://podcasts.apple.com/us/podcast/own-your-future-with-dean-graziosi/id1085301578 

    Resources Mentioned:

    The Game Has Changed: http://deanandtonylive.com/hala 

    LinkedIn Secrets Masterclass, Have Job Security For Life:

    Use code ‘podcast’ for 30% off at yapmedia.io/course.

     

    Sponsored By:

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    More About Young and Profiting

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    Get Sponsorship Deals – youngandprofiting.com/sponsorships

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    Follow Hala Taha

    LinkedIn – linkedin.com/in/htaha/

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    Learn more about YAP Media’s Services – yapmedia.io/

  • YAPClassic: Marshall Goldsmith, What I’ve Learned From 40 Years of Coaching the World’s Most Successful Business Executives

    AI transcript
    0:00:05 Today’s episode is sponsored in part by Teachable, Fundrise, Mint Mobile, Working Genius, Indeed,
    0:00:06 and Shopify.
    0:00:11 Teachable makes it easy for creators to monetize their content with full control.
    0:00:15 Head to teachable.com and use code “PROFITING” to claim your free month on their pro-paid
    0:00:16 plan.
    0:00:20 Grow your real estate investments in minutes with the Fundrise flagship fund.
    0:00:26 Add the Fundrise flagship fund to your portfolio with as little as $10 at fundrise.com/profiting.
    0:00:29 Save big on wireless with Mint Mobile.
    0:00:35 Get your new three-month premium wireless plan for just $15 a month at mintmobile.com/profiting.
    0:00:39 Unlock your team’s potential and boost productivity with Working Genius.
    0:00:45 Get 20% off the $25 Working Genius assessment at workinggenius.com with code “PROFITING”
    0:00:46 at checkout.
    0:00:49 Attract interview and hire all in one place with Indeed.
    0:00:53 Get a $75 sponsored job credit at indeed.com/profiting.
    0:00:55 Terms and conditions apply.
    0:00:59 Shopify is the global commerce platform that helps you grow your business.
    0:01:04 Sign up for a $1 per month trial period at Shopify.com/profiting.
    0:01:20 As always, you can find all of our incredible deals in the show notes.
    0:01:21 What’s up, young and profitors?
    0:01:26 Today, we’re chatting with world-renowned business coach Dr. Marshall Goldsmith.
    0:01:29 If you’re a regular YAP listener, you know who Marshall is because he came on the show
    0:01:30 several times.
    0:01:35 He was on episode number 42 and then again on episode number 171, which is what we’re
    0:01:38 going to be playing today for YAP Classic.
    0:01:42 Marshall is quite literally my oldest friend.
    0:01:43 He’s 75 years old.
    0:01:46 He is my former LinkedIn client.
    0:01:48 We ran his LinkedIn for many years.
    0:01:51 He’s a huge influencer on LinkedIn.
    0:01:56 The funniest thing about Marshall and our friendship is that he is trying to get me
    0:01:59 and my business partner, Kate, married.
    0:02:01 He is obsessed with setting us up.
    0:02:05 He’s always calling us, texting us, “Hey, I’ve got so and so.
    0:02:06 Here’s this picture.
    0:02:07 Let me know if he’s cute.
    0:02:08 I’m trying to get you guys married.”
    0:02:15 He has no idea why we’re not married and he’s really trying hard to play matchmaker.
    0:02:20 But back to business, Marshall has over four decades of experience and he is the number
    0:02:24 one leadership coach and highest paid executive coach in the world.
    0:02:28 He’s also a multiple-time New York Times bestseller.
    0:02:32 He wrote The Earned Life, which was his latest New York Times bestseller, which we actually
    0:02:34 helped him hit that list.
    0:02:39 In this episode, we discussed Marshall’s key to living what he calls the earned life, where
    0:02:44 your achievements are based on a higher aspiration, you’re unbound by regret, and you’ve detached
    0:02:48 yourself from the isolated achievements of careerism.
    0:02:52 If you’re an overachiever who values accomplishment or if you find yourself troubled by regret
    0:02:56 and are seeking a higher purpose, then this episode is for you.
    0:02:59 We’ll learn about the every breath paradigm.
    0:03:02 We’ll discover why regret and fulfillment are polar opposites.
    0:03:07 And lastly, we’ll get into Marshall’s actionable advice on how to let go of the past and truly
    0:03:09 live in the present.
    0:03:18 Now here’s my episode with the living leadership legend and matchmaker, Marshall Goldsmith.
    0:03:21 You were born in Valley Station, Kentucky.
    0:03:26 You grew up in a low-income and low-educated area, and your mom was actually a huge influence
    0:03:28 on your educational upbringing.
    0:03:30 Can you tell us about your early years, Marshall?
    0:03:35 Well, again, brought up in Valley Station, we had an outhouse the first four years I
    0:03:36 was in school.
    0:03:40 I wasn’t brought up in yuppie land, and my mother went to college two years, which is
    0:03:44 very unusual for our neighborhood, and was a first-grade schoolteacher, but then got
    0:03:48 married and my father had this idiot idea women shouldn’t work.
    0:03:50 So we got to be poor.
    0:03:55 But the good news is, all of my mother’s first-grade schoolteacher energy was devoted to one student.
    0:03:57 That would be me.
    0:04:01 I knew how to add, subtract, multiply, and divide before I went to school.
    0:04:04 So I go to the first grade and the teacher goes, “One plus one is two,” I go, “Yeah.”
    0:04:05 I look around.
    0:04:06 No one knows it but me.
    0:04:11 It’s like, “Oh my, I told my mother I must be the smartest person I’d ever lived.”
    0:04:12 That’s so funny.
    0:04:16 And I know that another pivotal point in your life was when you went hitchhiking.
    0:04:20 I think you were about 19 years old or in your early 20s.
    0:04:23 You spent three months on the road and there you found Buddhism.
    0:04:27 Tell us about that and why you chose Buddhism as your philosophy of life.
    0:04:33 Well, that was 1969, lovingly referred to as the summer of love.
    0:04:36 I did spend three entire months living on the road.
    0:04:40 I told my parents I was going to college for the weekend and was gone three months.
    0:04:45 And it was just an amazing experience and those era of that time.
    0:04:49 And I learned a lot about life because when you travel, you have time to reflect.
    0:04:52 I’d wake up, I wouldn’t know where I was.
    0:04:53 Your life is really random.
    0:04:55 You don’t know who’s going to pick you up.
    0:04:58 I mean, I could write a whole book about my adventures as a hitchhiker.
    0:05:03 And so, yeah, I had all kinds of wonderful adventures, but I think it gave me a good appreciation
    0:05:09 of life and Buddhism also in the impermanence of life, how everything is constantly changing.
    0:05:14 And one funny story about that, I was just doing a program two or three weeks ago and
    0:05:17 a woman in the class was from Rifle, Colorado.
    0:05:20 So I said, I’ve been to Rifle, Colorado before.
    0:05:21 I spent the night there.
    0:05:22 She said, where’d you stay?
    0:05:25 I said, the laundry mat.
    0:05:26 She thought I was kidding.
    0:05:27 I described the laundry mat.
    0:05:30 She said, oh my God, he did stay in the laundry mat.
    0:05:34 I spent the night there and then a couple of nice people brought me a sandwich too.
    0:05:39 They were so nice when I was a kid staying in the laundry mat of Rifle, Colorado.
    0:05:40 That’s so funny.
    0:05:45 And I guess I’m just curious of how Buddhism is something that you discovered on that trip
    0:05:48 or how did you first get inspired to learn more about it?
    0:05:49 I like to read.
    0:05:53 So I read a book called Siddhartha, which got me started thinking about Buddhism.
    0:05:55 Now, there are many schools of Buddhism.
    0:05:58 So I’m a philosophical, not a religious Buddhist.
    0:06:01 So let me just share my school and just short version of it.
    0:06:04 And by the way, Buddha said, only do what I teach if it works for you.
    0:06:08 So there’s so many different schools of Buddhism that are almost the opposite of each other.
    0:06:09 It doesn’t mean they’re wrong.
    0:06:11 They just have different interpretations.
    0:06:14 My interpretation is pretty simple.
    0:06:15 Buddha was brought up very rich.
    0:06:19 His father was a king and he was protected from life and he was able to sneak out of
    0:06:20 his little bubble three times.
    0:06:23 So the first time you know what he learned?
    0:06:24 People get old.
    0:06:26 The second time you learn, you get sick.
    0:06:27 The third time you learn, you die.
    0:06:28 He said, old sick and die.
    0:06:29 That’s not so good.
    0:06:31 And he really believed this.
    0:06:34 I’ll be happy after I get more things not going to work.
    0:06:38 So then he went out in the woods, starved himself and he tried to really find peace
    0:06:39 by having less.
    0:06:40 You know what he found out?
    0:06:41 I didn’t work either.
    0:06:43 And then one night he finally realized something.
    0:06:45 I can never be happy with more.
    0:06:47 I can never be happy with less.
    0:06:50 There’s only one thing I can ever find peace with what I have.
    0:06:52 There’s only one place I can ever find peace here.
    0:06:55 There’s only one time I can ever find peace.
    0:06:56 Now, be happy now.
    0:06:59 So my school of Buddhism, what is Nirvana?
    0:07:02 Nirvana is talking to some old bald guy on a podcast.
    0:07:04 This is it.
    0:07:05 This is heaven.
    0:07:06 This is hell.
    0:07:07 Here we are.
    0:07:08 That’s so interesting.
    0:07:12 I can’t wait to kind of dig deeper on some of those philosophies with you in a bit.
    0:07:17 But before we do that, as I’ve been getting to know you better, I always notice that you
    0:07:19 say a lot of the same things over and over.
    0:07:25 You sign off all your emails and even your text messages to me with life is good, right?
    0:07:29 And doing some more digging, I found that you have two other favorite sayings.
    0:07:31 Be happy and let it go.
    0:07:32 So what are these sayings?
    0:07:33 Life is good.
    0:07:35 Be happy now and let it go mean to you.
    0:07:38 And how does Buddhism philosophies underlie all these sayings?
    0:07:42 Well, to me, the great Western disease is I’ll be happy when.
    0:07:47 When I get the money status BMW, the condominium, I will be happy when.
    0:07:52 One of the most powerful parts of the book is I talk about the fallacy of confusing achievement
    0:07:57 and happiness, achievement and well-being, achievement and peace.
    0:08:02 Everyone I work with is a ridiculously high achiever, I mean, ridiculously high achiever.
    0:08:05 And one of the guys in my group was Safi Bacal.
    0:08:07 And Safi said, you know, I’ve learned something.
    0:08:08 He’s a scientist.
    0:08:12 Now, Safi has a PhD in physics from Stanford.
    0:08:14 He’s worth tens of millions of dollars.
    0:08:15 He started at companies.
    0:08:16 He wrote a book called Loon Shots.
    0:08:19 He’s consulted the president’s, you know, blah, blah, blah.
    0:08:21 Safi said, I finally realized something.
    0:08:24 I used to think that happiness was dependent upon achievement.
    0:08:28 And he said, no, happiness and achievement are independent variables.
    0:08:30 You can achieve all kinds of stuff and be happy.
    0:08:32 You achieve nothing and be happy.
    0:08:35 You can achieve all kinds of stuff and be miserable and you achieve nothing and be miserable.
    0:08:38 He said, happiness and achievement are independent variables.
    0:08:42 Well, the great Western disease is I’ll be happy when.
    0:08:44 You might have seen the great art form of the West before.
    0:08:45 I don’t know if you’ve seen it.
    0:08:46 It sounds like this.
    0:08:47 There’s a person.
    0:08:48 A person is sad.
    0:08:49 They spend money.
    0:08:52 They buy a product and they become happy.
    0:08:53 This is called a commercial.
    0:08:57 So, I don’t know if you’ve ever seen one of those, but we are bombarded with this message
    0:09:00 thousands of times over and over.
    0:09:04 And the message is happiness is out there somewhere else.
    0:09:06 Well, you know, be happy now.
    0:09:07 That’s it now.
    0:09:11 A life is good is be grateful for everything you have and, you know, let it go is quit carrying
    0:09:15 around all that garbage that we all tend to carry around, you know, learn to forgive yourself,
    0:09:19 forgive other people and let go of the past and be willing to start over.
    0:09:25 And how do you use those sort of philosophies like life is good, be happy now, let it go
    0:09:28 in your coaching with your coaching clients?
    0:09:31 Well, actually, my coaching has changed in a way.
    0:09:35 The last time you interviewed me, my whole focus was helping successful leaders achieve
    0:09:37 positive long-term change in their behavior.
    0:09:40 I still do that and help people become more effective leaders.
    0:09:43 Only now I also try to help them have better lives.
    0:09:45 Well, I have two people I coach are billionaires.
    0:09:47 I mean, one guy I’m coaching is worth $4 billion.
    0:09:51 What am I supposed to do to get you up to $4.1 billion?
    0:09:53 What does it matter anyway?
    0:09:54 Yeah.
    0:09:57 Most of the people I coach have, they’ve achieved so much.
    0:10:00 They don’t need me to help them achieve more.
    0:10:04 And one of the things I help them do is make peace with life, be happy and just try to
    0:10:05 have a good life.
    0:10:07 And so I’ve kind of changed.
    0:10:11 I didn’t used to do that, but now I do because a lot of people I coach are family people.
    0:10:13 They’re running family businesses.
    0:10:14 They’ve got a lot of money.
    0:10:16 They’ve got a lot of status and success.
    0:10:18 So I say, “Look, I’m not going to make you successful.
    0:10:20 You’re already ridiculously successful.
    0:10:21 I’m not going to make you rich.
    0:10:22 You’re already ridiculously rich.
    0:10:24 I just want you to have a little better life.”
    0:10:26 I love that.
    0:10:30 So speaking of a better life, you wrote this book called The Earned Life, Lose Regret,
    0:10:36 Choose to Filment, and you’ve written and edited over 30 books, and you wrote this book
    0:10:37 during COVID.
    0:10:41 And based on my research, I know that you believe that any good book solves a universal
    0:10:42 challenge.
    0:10:45 So I’d love to understand what inspired you to put out one more book, and what universal
    0:10:48 challenge are you trying to solve with The Earned Life?
    0:10:52 Well, this one is basically choosing fulfillment and losing regret.
    0:10:54 That’s the challenge I’m thinking about.
    0:10:59 And this is a much more, it’s much more a book about life than just changing leadership
    0:11:00 behavior.
    0:11:01 Yeah.
    0:11:02 And I personally loved this book.
    0:11:05 I read like a book a week, Marshall.
    0:11:09 And I was just like, “There’s so much meat and potatoes in this book.
    0:11:11 Some books are very fluffy, yours was not.
    0:11:15 This was really meaningful and had a lot of unique insight that I haven’t heard before.
    0:11:18 So I highly recommend everybody go check out The Earned Life.
    0:11:19 I loved it.
    0:11:21 But you wrote it during COVID, right?
    0:11:25 And I’m wondering, like, did something trigger you personally to write this book?
    0:11:26 Yes.
    0:11:29 During COVID, a lot of this book is what I learned during COVID.
    0:11:34 Now, during COVID, I had no idea what the world would end up being like, and my friend
    0:11:40 Mark Thompson and I, we spent, oh, I think four or 500 hours.
    0:11:46 Every weekend, we spend six hours with these phenomenally successful people, and every weekend,
    0:11:50 they would talk about their lives, what went well, what could have done better, their challenges.
    0:11:55 I mean, week after week, hour after hour, we did this, and, you know, I learned so much
    0:11:56 about life.
    0:11:58 And I can mention the names of the people.
    0:11:59 They’re incredible.
    0:12:04 Palgasol, the famous basketball star, was in our group, and Curtis Martin, the NFL Hall
    0:12:05 of Fame.
    0:12:10 And then we had Telly Leung, Broadway star, and we had the Olympic Committee, head of
    0:12:14 the Rockefeller Foundation, president of the World Bank, you know, on and on.
    0:12:18 Just a phenomenal, very diverse group of people from all around the world.
    0:12:23 We have people from India, from Indonesia, from Paris, all different places.
    0:12:26 And they all talked about their lives, and they just loved it.
    0:12:27 And, you know, why?
    0:12:30 Well, one, there’s no saying it’s lonely at the top.
    0:12:31 Used to be lonely at the top.
    0:12:34 It is lonely or at the top today.
    0:12:35 It’s lonely.
    0:12:36 They have no one to talk to.
    0:12:38 You know about social media.
    0:12:40 They can get killed in an instant in social media.
    0:12:42 They have to be very careful.
    0:12:45 And they just liked the idea of their accountable, talking about their lives.
    0:12:47 Yet, nobody’s being judged.
    0:12:48 Nobody’s putting you down.
    0:12:50 Nobody’s evaluating you.
    0:12:53 One person said, you know, it’s nice one hour a week.
    0:12:55 I just get to act like a human.
    0:12:58 This is basically what I learned from all of that.
    0:13:01 99% of humans, you know what they’re trying to be?
    0:13:02 They’re trying to be them.
    0:13:05 They’re trying to be like those people I was with.
    0:13:08 I mean, these people, if you look at their bios, they look like gods.
    0:13:10 But you know what you learn?
    0:13:13 They got kids with drug problems, parents with Alzheimer’s.
    0:13:14 They get sick.
    0:13:16 They’re just humans like everybody else.
    0:13:21 So let’s talk about this topic of regrets and choosing to live the earned life.
    0:13:23 How would you define an earned life?
    0:13:28 Well, an earned life occurs when you really have alignment between three things.
    0:13:31 One is your aspiration, your higher sense of purpose.
    0:13:33 The second is you’re achieving something meaningful.
    0:13:36 And the third is your day-to-day actions.
    0:13:41 When the actions are aligned with those things, that’s how you define the earned life.
    0:13:45 And it’s interesting because most humans in the history of the world were lost in the
    0:13:46 action phase.
    0:13:48 They just show up.
    0:13:50 They go from day to day.
    0:13:53 They’re not bad people, but they just do whatever’s in front of them and they kind of
    0:13:54 just live.
    0:13:58 Some people are really lost in aspiration, higher purpose.
    0:14:01 They don’t achieve much, but they kind of live in their heads.
    0:14:06 The people that I work with pretty much, if they’re not careful, are lost in achievement.
    0:14:11 They achieve so much that they’re almost achievement junkies.
    0:14:16 And sometimes if we’re not careful, we get so lost in achievement, we forget to ask the
    0:14:19 question, “Why am I working 90 hours a week?”
    0:14:22 Or number two, we forget to enjoy the process of life itself.
    0:14:24 The day-to-day actions of life.
    0:14:29 So with these people, really getting them to focus on, “Don’t become an Achieveaholic.”
    0:14:34 Oh, and the other thing I think is very important in this is, never make your identity or your
    0:14:37 values a human being based on achievement or the results of achievement.
    0:14:38 For two reasons.
    0:14:40 One, you don’t control the results.
    0:14:43 The results are impacted by many things you don’t control.
    0:14:49 And number two, even if you achieve the results, how long does that bring any kind of peace
    0:14:50 or happiness?
    0:14:51 Yeah.
    0:14:52 A week?
    0:14:53 How much?
    0:14:54 Then you have what do you have to do?
    0:14:55 More.
    0:14:56 More.
    0:14:57 More.
    0:15:01 One of my favorite parts of the book is the story about the marshmallow research.
    0:15:02 I love that story.
    0:15:06 So in the marshmallow research, you take this kid’s and you give him a marshmallow.
    0:15:10 So they say to the kid, “Well, kid, if you eat the marshmallow, you get one.
    0:15:12 If you wait, oh, two.”
    0:15:14 Then the kid that waits eats two.
    0:15:18 Now, allegedly, they have this research show, the kid that eats one marshmallow becomes
    0:15:22 a drug addict and the ones that eat two go to Harvard and get PhDs or something.
    0:15:24 It seems a little overblown.
    0:15:26 But the point of the research is very clear.
    0:15:28 Delayed gratification is good.
    0:15:31 Delayed gratification is almost every self-help book.
    0:15:33 Delayed gratification is good.
    0:15:34 Here’s how you can work out more.
    0:15:36 Here’s how you can go on a better diet.
    0:15:38 Delayed gratification is good.
    0:15:40 Well, here’s the problem with the research.
    0:15:45 They didn’t take the kid that ate two marshmallows and said, “You know, kid, wait a bit.
    0:15:46 Three.
    0:15:47 Oh, don’t eat those.
    0:15:48 Wait a little bit more.
    0:15:49 Four.
    0:15:50 Five.
    0:15:51 Ten.
    0:15:52 A thousand.
    0:15:53 Where do you end up?”
    0:15:57 An old man sitting in a room waiting to die surrounded with uneaten marshmallows.
    0:15:58 It’s so true.
    0:16:00 Sometimes you have to eat the marshmallows.
    0:16:04 I feel like this is why the book resonated with me so much because I feel like I’m one
    0:16:07 of those overachievers who can’t stop achieving.
    0:16:12 Sometimes it’s okay to slow down and think about what is my ultimate goal here and just
    0:16:16 be happy with what you have and not always be thinking about what’s next.
    0:16:17 What’s next?
    0:16:18 Okay.
    0:16:19 Breathing.
    0:16:21 Are you ready for some free coaching for you?
    0:16:22 It’s a coaching moment.
    0:16:23 Are you ready?
    0:16:24 Yes.
    0:16:25 Raise your right hand.
    0:16:26 Okay.
    0:16:30 I used to be one of those compulsive overachievers.
    0:16:33 I used to be one of those compulsive overachievers.
    0:16:36 I do not have an incurable genetic defect.
    0:16:38 I do not have an incurable genetic defect.
    0:16:40 I can change if I want to.
    0:16:42 I can change if I want to.
    0:16:43 Now, see what you said before?
    0:16:46 You said, “I am this.”
    0:16:50 As long as you say, “I am,” guess what, you’re programming yourself.
    0:16:51 That’s who you’re going to be.
    0:16:53 Nothing wrong with that if you don’t want to change.
    0:16:55 If you don’t want to change, don’t talk that way.
    0:16:56 Here’s the problem.
    0:17:00 If you say, “I am anything,” then you try to do something else.
    0:17:03 Even if you succeed, you’ll feel like a phony.
    0:17:04 Why?
    0:17:10 If this is me and I’m doing this, this must not be me and the real me is a compulsive
    0:17:11 overachiever.
    0:17:13 Anything other than that is not the real me.
    0:17:15 That would be a phony.
    0:17:16 Be careful.
    0:17:18 Don’t program yourself if you want to change.
    0:17:22 That’s really good advice.
    0:17:26 Let’s hold that thought and take a quick break with our sponsors.
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    0:21:35 Let’s talk about regrets.
    0:21:40 In the book, you say that regret is a feeling that you wouldn’t wish on any human being.
    0:21:44 Why do you believe that regret is one of the most empty and desolate feelings that a human
    0:21:45 can have?
    0:21:49 Well, the point about regret is going back to letting go.
    0:21:53 It can be something we carry around for years or even decades.
    0:21:57 And a big part of the book is just learning to let go of that.
    0:22:02 And one thing I love is the idea of every time I take a breath, it’s a new me.
    0:22:05 Ah, new me, new me, new me.
    0:22:08 Everything that was done before is done by an infinite set of people.
    0:22:10 Those names, those people are called the previous me’s.
    0:22:15 And learning to say they did what they did and learning to forgive the previous versions
    0:22:17 of you for being humans.
    0:22:21 And then the future versions of you, well, they’re going to be who they are.
    0:22:26 So a couple of exercises, I love what is writing a letter to the past versions of yourself,
    0:22:30 just thanking them for thanking him or her for something good they did.
    0:22:33 And there’s writing a letter to the future version of yourself saying, here’s an investment
    0:22:35 I’m making in you, and here’s what I expect back.
    0:22:41 So the concept is a really useful concept, you know, think of yourself, breathe, ah,
    0:22:43 think of all those previous versions of you.
    0:22:44 Yeah.
    0:22:48 They worked hard, they gave the you that’s talking to me a lot of stuff.
    0:22:49 Nice people.
    0:22:50 Did they make some mistakes?
    0:22:52 How are those previous years?
    0:22:53 Ah, a few mistakes.
    0:22:54 Let it go.
    0:22:55 Let it go.
    0:22:57 Any group of women did that many nice things.
    0:22:59 What would you say to those nice women?
    0:23:00 Thank you.
    0:23:01 Yeah.
    0:23:02 Just say thank you.
    0:23:03 Yeah.
    0:23:04 Forgive yourself.
    0:23:05 Yeah.
    0:23:08 I think I’d like to really dig deep on this because I think this is really, really important
    0:23:09 what you’re saying.
    0:23:12 So Buddha once said, with every breath is a new me.
    0:23:18 And he meant that literally in a core pillar of Buddhism is something called impermanence.
    0:23:22 And that’s the notion that the emotions, thoughts and material possessions we hold do not last.
    0:23:23 They’re fleeting, right?
    0:23:28 So can you help us understand the concept of impermanence and this every breath paradigm?
    0:23:30 I really want you to go deep on this, Marshall.
    0:23:36 Well, this is very hard for Western people to understand because it’s so different.
    0:23:42 The Western paradox is I will get there and it’s going to be okay.
    0:23:47 That there is this place I’m going to go and therefore everything is going to be different
    0:23:49 after I do X.
    0:23:50 And that will be permanent.
    0:23:52 Now, there’s a book that exemplifies this.
    0:23:54 You’ve probably read several of these.
    0:23:55 They had the same ending.
    0:23:58 It’s called, “And they lived happily ever after.”
    0:24:01 Now, that type of book is a fairytale.
    0:24:02 That’s not life.
    0:24:05 Life is not a place you get to and then stop.
    0:24:08 Life is a place that keeps changing all the time.
    0:24:13 The you I’m talking to now is not going to be the you that was there before we started
    0:24:14 talking.
    0:24:17 We’re always changing and we’re all impermanent.
    0:24:19 Life itself doesn’t last.
    0:24:23 So as you go through life, looking at it as a series of infinite change and always starting
    0:24:26 over, every time I take a breath, it’s a new me.
    0:24:30 Well, what that means is let’s take a concept like happiness.
    0:24:32 That doesn’t come from the past or the future.
    0:24:36 It comes from now, taking a breath and saying, “I’m a new me.”
    0:24:41 And really looking at our life and creating meaning, creating happiness and always starting
    0:24:42 over.
    0:24:45 Bob Dylan had a good quote, “He who is not busy being born is busy dying.”
    0:24:50 Well, it’s kind of the essence of the book is we’re constantly being reborn.
    0:24:51 We’re constantly being reborn.
    0:24:53 We’re different people.
    0:24:56 And the idea is looking at that as an opportunity to start over.
    0:25:00 We get lots of restarts here.
    0:25:01 Restart, restart.
    0:25:08 We get a lot of chances to start over and it’s, to me, a very healthy way to look at life.
    0:25:09 Yeah.
    0:25:13 It’s a very unique approach of looking at life because oftentimes, even when it comes
    0:25:20 to our relationships or our own self-development, we think like, “Oh, my significant other
    0:25:24 did this and so I’m going to hold this resentment against them for a long time.”
    0:25:30 When in reality, what your significant other did 10 years ago has nothing to do with who
    0:25:31 they are today.
    0:25:32 And same thing with yourself.
    0:25:36 If you bombed a test 10 years ago, it doesn’t mean that you’re going to do it again.
    0:25:40 And so you get to start over with other people and even with yourself.
    0:25:41 I love it.
    0:25:45 I’m writing the book about that, which I love and it’s a story of a friend of mine.
    0:25:48 And basically, his wife starts in on it.
    0:25:49 They had a really great weekend.
    0:25:53 Then his wife starts in on, “Well, you could have been a better father.”
    0:25:55 And the guy said, “Basically, you’re right.
    0:25:57 That was 10 years ago and you’re right.
    0:26:00 I did a lot wrong 10 years ago.
    0:26:03 I’m not the same person I was 10 years ago.”
    0:26:06 And you’re criticizing that 10-year-ago person.
    0:26:07 He’s not here right now.
    0:26:10 And it’s very good because she instantly said, “You’re right.
    0:26:11 You’re not the same person.”
    0:26:15 I said, “What am I gaining by bashing somebody who’s not here?”
    0:26:16 Yeah.
    0:26:19 I feel like it’s a super mature way to think of things when it comes to your relationships
    0:26:20 and when it comes to yourself.
    0:26:24 So I think this is one of the most important and kind of impactful things that I read in
    0:26:27 your book was this concept of the every breath paradigm.
    0:26:33 So a lot of us can’t seem to let go of past rejections, past failures, but then some people
    0:26:38 also have the problem of not being able to let go of their past successes and they obsess
    0:26:39 over that.
    0:26:40 Can you talk to us about that?
    0:26:41 Oh, I certainly can.
    0:26:45 I’ve done nine programs at my house with retiring CEOs.
    0:26:48 This is a huge issue.
    0:26:53 It is so hard to let go of that past success and realize that’s no longer you.
    0:26:55 One of my good coaching clients was Mike Duke.
    0:26:56 Mike was the CEO of Walmart.
    0:26:57 He had a great story.
    0:27:00 He said, “When I was a CEO of Walmart, I told this joke.”
    0:27:04 And obviously Walmart, very sensitive, it was a clean joke, did not offend anyone.
    0:27:05 People loved the joke.
    0:27:06 Always laughing.
    0:27:07 I love my little joke.
    0:27:11 Then he said, “I’ve retired and I was in this group of people and I told the joke.”
    0:27:13 And he said, “No one left.”
    0:27:15 Then he said, “Well, I thought they must be grumpy.
    0:27:17 Another group tells a joke.
    0:27:18 No one left.”
    0:27:21 He said, “Finally, my wife came to me and said, ‘Mike, you idiot, you actually thought
    0:27:22 that joke was funny.’”
    0:27:23 Oh, gosh.
    0:27:26 “When he was a CEO of Walmart, that joke was real funny.
    0:27:27 Ho, ho, ho.
    0:27:29 How about when he’s not the CEO?
    0:27:31 Not funny anymore.”
    0:27:32 It is hard to let go.
    0:27:37 One of the people that endorsed my book is Palga Saw, past 41 years old, and he’s just
    0:27:38 retiring as a basketball star.
    0:27:39 It’s hard.
    0:27:45 The former CEO, it’s tough, the Olympic champ, Michael Phelps, has had story after winning
    0:27:48 that final medal, thought about killing himself.
    0:27:49 Why?
    0:27:53 If your measure of value is, “I have to achieve more than last year, you’re never going to
    0:27:57 get there and you do get older and you may not do what you did last year.”
    0:27:58 It’s hard.
    0:28:00 Telly, the Broadway star, he’s 40 now.
    0:28:02 He’s not going to play Latin anymore.
    0:28:04 That rolls over.
    0:28:10 It’s a constant reinvention of life, but not comparing yourself to what you used to be
    0:28:16 and not being the ex-athlete who’s sitting there getting drunk, talking about Superbowl.
    0:28:18 That was 40 years ago.
    0:28:19 That’s not you.
    0:28:22 That was some other person who did that 40 years ago.
    0:28:23 Move on.
    0:28:24 Live your own life now.
    0:28:27 By the way, in the book, we have a great case study, Curtis Martin.
    0:28:28 I don’t know if you’ve met Curtis yet.
    0:28:29 I love Curtis.
    0:28:30 Not yet.
    0:28:35 Curtis, National Football League Hall of Fame, just a wonderful person, brought up in a
    0:28:36 terrible environment.
    0:28:40 Saw a lot of murder and death when he was growing up as a kid and so happy.
    0:28:41 He’s one of these people.
    0:28:42 He’s helping others.
    0:28:43 He’s happy.
    0:28:44 He’s very successful.
    0:28:45 He’s making money.
    0:28:50 One of the reasons is he didn’t get stuck in the past as opposed to a lot of, unfortunately,
    0:28:57 NFL stars, bankrupt, divorced, sad, white, they’re living in that other era.
    0:28:59 They’re living in the past.
    0:29:02 A lot of them, Curtis taught me this, they lose their money.
    0:29:04 They give it away.
    0:29:07 They literally give their money away because they’re trying to buy love.
    0:29:08 It doesn’t work.
    0:29:10 There’s a good song about that.
    0:29:15 Money, you got a lot of friends hanging around your door.
    0:29:19 When it’s gone and spending ends, they don’t come around no more.
    0:29:21 That doesn’t work.
    0:29:22 Yeah.
    0:29:23 It’s very difficult to do this.
    0:29:29 It’s easy to talk about it at a high level, but when it comes to putting it into practice,
    0:29:34 how can we make this more like muscle memory and make this more like, in any situation,
    0:29:37 we can just realize, okay, it’s time to be fresh.
    0:29:38 I’m a new person.
    0:29:39 I’m not my past.
    0:29:41 How can we make this muscle memory?
    0:29:44 Well, there’s two suggestions I’m going to give you.
    0:29:47 One involving some questions and one involving one question.
    0:29:51 The first thing I do is called the daily question process.
    0:29:54 Every day, I write down a series of questions that represent what’s most important in my
    0:29:55 life.
    0:29:57 Many of them begin with the phrase, “Did you do your best too?”
    0:30:00 For example, did I do my best to be happy every day?
    0:30:03 Did I do my best to find meaning every day?
    0:30:06 Did I do my best to build positive relationships?
    0:30:11 Did you do your best too every day and then there’s a little scale, yes, no, or a number,
    0:30:14 and then at the end of the week, you get a little report card.
    0:30:19 Well, I’ve been doing this for about 25 years and I have to have someone call me every day
    0:30:23 for almost 25 years, almost every day, someone calls me on the phone to make sure I do this.
    0:30:24 Why?
    0:30:25 My name is Marshall Goldsmith.
    0:30:28 Like I rank number one leadership thinker and coach in the whole world, I have someone
    0:30:31 call me on the phone every day to make sure I do this stuff.
    0:30:32 Why?
    0:30:34 I’m too cowardly to do this stuff by myself.
    0:30:36 I’m too indisciplined to do this stuff by myself.
    0:30:38 I need help and it’s okay.
    0:30:42 One thing I’m proud of in this book, I mean, you saw the people endorse the book, just
    0:30:46 amazing people and four of the people who endorse the book were ranked the best leader
    0:30:48 in America for at least one year.
    0:30:53 So, it’s a pretty impressive group and one thing I’m so proud of is they all stand up
    0:30:55 and admit they need help.
    0:30:56 Yeah.
    0:30:58 30 years ago, none of these people would have said they had a coach.
    0:31:00 None of them would have said they needed help.
    0:31:02 They would have been ashamed to have had a coach.
    0:31:04 They would have been ashamed to need help.
    0:31:06 One thing I’m very proud of is, hey, these are big people.
    0:31:09 And, you know, let’s see, president of the World Bank, CEO of the year in the United
    0:31:15 States, CEO of Pfizer, winner of the presidential Medal of Freedom, offer business review, best
    0:31:20 CEO in the world, head of St. Jude’s Children’s, you know, on and on and on.
    0:31:25 These are big people, wonderful people, and I’m so proud that they have the courage to
    0:31:28 stand up and say, look, hey, I might be a big deal.
    0:31:29 Guess what?
    0:31:30 I’m a human.
    0:31:31 Yeah.
    0:31:32 I need help.
    0:31:33 I’m not above everything.
    0:31:34 I need help.
    0:31:35 We all do.
    0:31:36 Yeah.
    0:31:38 And you mentioned there was a second exercise.
    0:31:39 Yeah.
    0:31:44 The second exercise is that when you write that letter to the future, and an interesting
    0:31:49 thing about that exercise is, and I’m going to give you a not so happy story.
    0:31:55 One of the guys at my group said, retiring as CEO, and he said, “I worked 80 hours a
    0:32:00 week for the last 40 years with one goal, so my children would never have to do this.”
    0:32:05 Then he said, “That’s the worst thing I could have ever done for myself, for my wife, or
    0:32:06 for my children.
    0:32:11 These kids are trust-fund babies, spoiled, ungrateful, doesn’t have a close relationship
    0:32:12 with them.
    0:32:16 What he did is he gave his children a gift.
    0:32:19 When you give somebody a gift, there’s no strings attached.
    0:32:20 Guess what?
    0:32:21 They do what they want.
    0:32:22 Well, basically, they’re bums.
    0:32:23 They’re rich bums.
    0:32:25 They’re just trust-fund bums.
    0:32:29 What he should have made as an investment, what he should have said is, “Look, I’m willing
    0:32:31 to work very hard to help you.
    0:32:32 Here’s what I expect back.
    0:32:34 I expect you to try to have a meaningful life.
    0:32:38 I expect you to use this as an opportunity to do something special.
    0:32:40 I expect you to learn.
    0:32:41 I expect you to be grateful.
    0:32:46 Not expect you to be a bum who just sits there and smokes pot and watches TV all day.”
    0:32:47 Let’s talk about that a little bit more.
    0:32:52 Why is it so much more powerful to earn something rather than be handed it?
    0:32:57 Well, when we earn something, we feel a sense of worthwhile.
    0:33:01 I got this because I did something and I feel I deserve it.
    0:33:05 When somebody’s giving us something, what does that mean about you?
    0:33:06 Nothing.
    0:33:09 It means someone else earned something.
    0:33:11 It doesn’t mean you earned anything.
    0:33:14 You just stood there and your hand happened to be out and you got a break.
    0:33:18 Someone else did something of value that was given to you as opposed to you did something
    0:33:21 of value that was given to yourself.
    0:33:25 Again, the reality is, it’s pretty hard to be proud of the fact that someone gave you
    0:33:26 a handout.
    0:33:30 This reminds me of something that you said in your book, was actually the definition
    0:33:31 of an earned life.
    0:33:35 You said, “We are living an earned life when the choices, risks, and effort that we make
    0:33:42 in each moment align with an overarching purpose in our lives, regardless of the eventual outcome.”
    0:33:47 This really stuck out to me because like we were saying before, I’m a goal-oriented person.
    0:33:52 For me, that seems counterintuitive that you don’t need to worry about the outcome and
    0:33:57 you need to let go of the outcome or the earned reward.
    0:34:02 I’m just curious in your opinion, why is it that we don’t need to worry about the outcome
    0:34:03 with all of this?
    0:34:05 Well, let me give you an example.
    0:34:08 The parable of the golfer and the beer can.
    0:34:09 The golfer and the beer can.
    0:34:13 Now, here’s the golfer and there’s a chance to win the club championship.
    0:34:18 There’s a big chance and he never had a chance before last hole and he’s getting their tip
    0:34:24 and people in front of him force him a drinking beer, noisy, very distracting, but he thinks
    0:34:25 he’s hard.
    0:34:28 Hits the shot.
    0:34:29 Looks perfect.
    0:34:31 All of a sudden, something happens.
    0:34:33 It bounces into a terrible position.
    0:34:34 He’s walking toward the ball.
    0:34:35 What happens?
    0:34:36 He sees a beer can.
    0:34:39 Idiots in front of him have left a beer can on the fairway.
    0:34:41 Now, his ball is in the bad straights.
    0:34:42 He’s angry.
    0:34:44 I don’t know those idiots.
    0:34:46 What does the golfer need to do?
    0:34:47 Stop.
    0:34:48 Breathe.
    0:34:50 Forget about the drive.
    0:34:51 Forget about the people.
    0:34:52 Forget about the beer can.
    0:34:54 Forget about winning the championship.
    0:34:56 You come up with a strategy.
    0:35:00 You walk to that ball and you hit the shot in front of you.
    0:35:03 See, in life, all you can ever do is hit the shot in front of you.
    0:35:07 You hit the shot in front of you, and when you’re thinking about the results, you’re
    0:35:12 living in the past, you’re dreaming of the future, you’re not focusing on hitting the
    0:35:13 shot.
    0:35:18 Well, the key is hit the shot, and the thing about achievement is the greatest college basketball
    0:35:19 coach in history was John Wooden.
    0:35:24 I was at UCLA when he was there, and he said, “Look, do your best.
    0:35:25 That’s it.
    0:35:26 Be proud.
    0:35:27 You do your best and lose.
    0:35:28 Fine.
    0:35:29 You do your best and win.
    0:35:30 Fine.
    0:35:31 It doesn’t matter.”
    0:35:32 Yeah.
    0:35:33 That’s all you could do.
    0:35:37 I was in my hundred coach group, and Harry, somebody said, “How do you sleep at night?
    0:35:39 You’ve had to fire people, lay people off.
    0:35:41 You’ve had to do very hard things to people.”
    0:35:42 He said, “I only asked two questions.
    0:35:46 One, did I do what I thought was right, and did I do my best?”
    0:35:49 What the answer is, I did what I thought was right, and I did my best.
    0:35:51 He said, “I can sleep.
    0:35:52 That’s all any of us can ever do.
    0:35:53 You just do what you think is right.
    0:35:55 You do your best and make peace.”
    0:35:56 Well, to me, that’s it.
    0:36:02 You don’t get lost in the past, and you don’t get lost in the future, and you never place
    0:36:04 your values of human being based on results.
    0:36:08 The most famous poem in history is called “The Bahávad Gita,” and this is the essence
    0:36:09 of the Bahávad Gita.
    0:36:13 You have a person with two choices in the poem, “The Bahávad Gita.”
    0:36:14 One choice is very bad.
    0:36:18 The other choice is worse, and he’s going on and on about how bad his choices are, and
    0:36:22 the message is pretty simple from Krishna, and the message is, “Do what you think is
    0:36:23 right.
    0:36:26 Do your best and make peace.”
    0:36:29 Sometimes in life, we do have two choices, bad and worse.
    0:36:30 It’s okay.
    0:36:32 Pick the one that’s least bad and make the best of it.
    0:36:33 Yeah.
    0:36:34 I love that.
    0:36:35 I think that’s super powerful.
    0:36:40 So, I’d love to talk about regret and fulfillment in terms of the fact that it’s a spectrum,
    0:36:41 right?
    0:36:43 So, I also thought this was pretty enlightening in your book.
    0:36:49 You say that regret and fulfillment are like opposite sides of the spectrum, polar opposites,
    0:36:50 right?
    0:36:55 And everybody kind of slands on one part of the spectrum, no matter how successful they
    0:36:56 are.
    0:36:58 So, you could be super successful and still have a lot of regret because you may have
    0:37:01 a focus on your career, not your family or something like that.
    0:37:06 So, I’d love for you to kind of walk us through how regret and fulfillment are total opposites,
    0:37:11 and maybe some examples of people that you’ve met where they surprised you in terms of the
    0:37:12 regret that they felt.
    0:37:13 Yeah.
    0:37:18 Very surprised because the people I deal with are all on paper, amazingly successful, yet
    0:37:21 some of them like the one I mentioned.
    0:37:28 If you look at it, CEO, huge company, multi-multi-multi-millionaire, highly educated, smart, what do you think
    0:37:29 about fulfillment?
    0:37:30 The guy’s off the charts.
    0:37:31 Not really.
    0:37:32 Not really.
    0:37:35 In his own mind, not really too happy with life, and basically he said, “I blew it.
    0:37:36 I blew it here.”
    0:37:41 And the problem with that regret and fulfillment thing is, other people don’t fill out the
    0:37:44 scorecard you do, and you may fool somebody else.
    0:37:47 But at the end of the day, you gotta live with yourself.
    0:37:50 And you’ve gotta look at that and say, “Well, what do I feel?
    0:37:51 Am I proud of this?
    0:37:52 Am I ashamed of this?
    0:37:53 Do I have regret?
    0:37:55 Am I sitting there saying I wish I would have?”
    0:38:00 And the book begins with a story of a guy, an interesting story, a guy filled with regret
    0:38:04 because he wanted to go out with some woman, and he basically checkened out.
    0:38:07 He got afraid, and then he carried it around.
    0:38:11 This sense of existential regret, if I would have, things could have turned out better
    0:38:12 for me.
    0:38:13 Maybe.
    0:38:14 Maybe not.
    0:38:16 He still carried it around.
    0:38:23 It’s very hard to forgive ourselves and forgive others and just let go and say, “Alright,
    0:38:24 that was then.
    0:38:25 This is now.
    0:38:26 That was then.
    0:38:27 This is now.”
    0:38:33 And I mean, I coach people that haven’t forgiven mom and dad for being who they were.
    0:38:34 Yeah.
    0:38:37 I mean, 30, 40 years are carrying around this anger.
    0:38:40 And the problem with all that is, you’re not hurting the other person as much as you’re
    0:38:41 hurting yourself.
    0:38:46 And I feel like the other kind of lesson in all of this and just an insight that I had
    0:38:50 from your book or what you’re trying to solve is, there’s no one size fits all when it comes
    0:38:51 to regret, right?
    0:38:56 It’s small regrets that don’t really matter, and then there’s these big existential regrets
    0:39:01 you call them, like not having children or not taking a big job.
    0:39:05 And this is the purpose of your book is to make sure that you know what you want in life
    0:39:09 so that you don’t make these big regrets that are super hard to let go.
    0:39:10 Is that right?
    0:39:16 And it’s interesting because we seldom regret the risk we take and fail.
    0:39:18 We often regret the risk we fail to take.
    0:39:22 So it’s a question of, I talk about risk and opportunity.
    0:39:23 When do I take the risk?
    0:39:25 When do I not take the risk?
    0:39:29 And I point out examples of when risk taking is very important and when it’s not.
    0:39:34 And I give some example in my own life of a stupid risk, and I was like 27, and we’re
    0:39:39 going out and riding boogie board, I don’t know, not that much of an athlete anyway.
    0:39:43 And then I get macho and I start riding a few wave, “Oh, you can do it.”
    0:39:47 Then I go out there like an idiot and try to ride a nine foot wave and flips over and
    0:39:48 breaks my neck in two places.
    0:39:51 I’m like, “Yeah, I’m even here.”
    0:39:53 And I talk about that from like this.
    0:39:56 Is that part of my aspiration in life to be a surfer?
    0:39:57 No.
    0:39:58 Am I any good at it?
    0:39:59 No.
    0:40:00 Am I ever going to achieve anything?
    0:40:01 No.
    0:40:02 Why am I doing that?
    0:40:05 Well, I got lost in this macho ridiculous show off thing.
    0:40:09 That’s an example of just not really thinking.
    0:40:14 On the other hand, when you take a chance on something, maybe you don’t succeed, but you
    0:40:15 tried.
    0:40:18 Well, then you can look back on life and say, “Hey, I gave it a shot.
    0:40:20 Look, my home now is here in Nashville.
    0:40:22 I mean, God bless a lot of these kids.
    0:40:26 They’re all waiting on tables, but hey, they’re giving it a shot.
    0:40:30 They’re going to try to be the music star and reality is most of them aren’t.”
    0:40:31 Yeah.
    0:40:32 Yeah.
    0:40:33 Still, I respect them.
    0:40:34 They’re trying.
    0:40:35 They’re giving it a shot.
    0:40:36 And at the end of the day, they’ll probably be okay.
    0:40:38 Just do something else.
    0:40:39 Yeah, bam.
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    0:45:38 I want to close this out with some three demands that you talk about when it comes to living
    0:45:39 and earned life.
    0:45:42 I thought this was a great way to kind of just summarize some of the key points in your
    0:45:43 book.
    0:45:47 And I’ll tee you up for each demand and maybe ask some follow-up questions.
    0:45:48 True.
    0:45:54 The first demand was live your own life, not someone else’s version of it.
    0:45:56 Can you tell us your two cents on that one?
    0:45:57 Yeah.
    0:46:01 And I mentioned, I can’t mention his name, he’s my friend Mark Tercik, who is a managing
    0:46:02 partner of Goldman Sachs.
    0:46:03 They did the IPO.
    0:46:04 He makes a ton of money.
    0:46:07 And he’s thinking about being the CEO of the Nature Conservancy and we’re walking around
    0:46:08 the place.
    0:46:09 He says, “Well, I don’t know.
    0:46:10 What will they think of me?”
    0:46:12 I’m sitting there going, “What do you care?
    0:46:13 It’s not their life.
    0:46:14 It’s your life.”
    0:46:18 Well, part of this, that first thing is live your own life.
    0:46:22 I mean, it’s pretty hard to live a fulfilling life if you’re not living your own life.
    0:46:27 And you’ve got to say, “What does real life mean to me, not somebody else?”
    0:46:32 And get over that, “I have to impress so-and-so because so-and-so doesn’t care anyway, really.”
    0:46:36 And just not trying to waste your life on that and being willing to take or not take
    0:46:38 a risk to live your own life.
    0:46:42 Which sounds pretty simple, but an amazing number of people don’t.
    0:46:45 And they end up dying thinking, “You know, I wish I would have.
    0:46:48 I wish I’d have gone for this, gone for that, gone for something.”
    0:46:51 Well, it’s not somebody else’s life.
    0:46:52 It’s your life.
    0:46:53 Yeah, it’s a part of it.
    0:46:57 And it’s not as simple as it sounds because we’re so focused on it and not in a negative
    0:46:58 way as human beings.
    0:47:02 We’ve been brought, if you have to impress people, you have to gain approval.
    0:47:04 That’s just part of our history.
    0:47:05 It’s hard not to do that all the time.
    0:47:06 Yeah.
    0:47:11 I think a lot of people have this problem where they let other things and people stop
    0:47:13 them from going for their dreams.
    0:47:17 And so in your book, you actually list off a couple of reasons why people don’t live
    0:47:18 their own life.
    0:47:22 Two of them that really stuck out to me was inertia and obligations.
    0:47:25 Can you tell us your perspective on inertia and obligations?
    0:47:29 Well, inertia is the greatest predictor of anything we’re going to do.
    0:47:32 The biggest predictor of wanting to do five minutes from now is what are you doing now?
    0:47:35 And so we all tend to be where we’ve been, go where we’ve gone.
    0:47:40 And in my other book, I talk about this too, it’s hard for successful people to change.
    0:47:44 Any human or animal will replicate behavior that’s followed by positive reinforcement.
    0:47:48 Now, the more successful we become, the more positive reinforcement we get, and we fall
    0:47:51 into a trap, I do this, I am successful, therefore this makes me successful.
    0:47:55 I’ll just keep doing this over and over and over again, as opposed to saying, maybe I
    0:47:58 can do something different, or maybe this doesn’t always work all the time.
    0:48:00 So that’s kind of inertia.
    0:48:04 And then obligation is what we talked about though, the feeling that somehow I’m supposed
    0:48:05 to do this.
    0:48:10 In Mark’s case, he’s a managing partner of Goldman Sachs, it’s not like they’re all
    0:48:13 going to sit there and go through, oh my God, he left us, I’m going to die.
    0:48:16 No, they’ll do fine without you.
    0:48:18 Well, Jim Kim, greatest story.
    0:48:20 Jim Kim was president of Dartmouth College.
    0:48:24 And Jim Kim’s a great guy, he was partners in health, literally saved tens of millions
    0:48:25 of lives.
    0:48:28 He’s president of Dartmouth College, he’s a great guy, but not necessarily the best
    0:48:29 job for him.
    0:48:32 You know, there’s food in the student cafeteria and raising money all the time.
    0:48:35 So he gets offered a job as president of World Bank.
    0:48:38 Oh, I don’t know, I’ve only been at Dartmouth College two and a half years, should I take
    0:48:39 the job?
    0:48:44 So then I, obligation, he ended up taking the job.
    0:48:49 I called him three months after he had the job and said, Jim, I’m at Dartmouth College.
    0:48:50 Guess what?
    0:48:52 It’s still here.
    0:48:57 And now they’re all complaining about the new president, life goes on.
    0:49:03 It’s so funny, we all make these decisions as if people care that much about us.
    0:49:07 And at the end of the day, people only care about themselves, you know, nobody cares.
    0:49:08 Rarely, right?
    0:49:13 And also if you ask him, most of them will probably say, just do whatever you feel like.
    0:49:14 It’s so true.
    0:49:18 Okay, so let’s, oh, another one that’s really interesting in terms of why we don’t live
    0:49:21 our own life, vicarious living.
    0:49:25 And I think this is super interesting given everybody’s addiction to social media.
    0:49:29 How does vicarious living really prevent us from living our own life?
    0:49:32 Well, I mean, vicarious living is huge.
    0:49:35 I don’t have to tell you, you know more about this than I do, but the average kid that’s
    0:49:41 flunking out of school is spending, I forget, 55 hours a week on some sort of media, TV,
    0:49:43 movies, social media.
    0:49:44 It’s an addiction.
    0:49:49 And we have to be very careful because when you’re living vicariously, you’re living through
    0:49:50 someone.
    0:49:51 It’s not your life.
    0:49:52 You’re not one of the Kardashians.
    0:49:54 You’re not the movie star.
    0:49:55 That’s not you.
    0:49:57 And you’re reading this drama of them.
    0:50:03 Well, what happens is vicariously, we start living through them or the football team or
    0:50:04 whatever.
    0:50:05 I brought up a great example.
    0:50:09 I use video games as, you know, pretending to be in a battle.
    0:50:10 It’s really not.
    0:50:11 It’s a pretense.
    0:50:12 Oh, my son said, no, no, you missed the point.
    0:50:16 People spend thousands of hours, millions of hours watching other people play video
    0:50:17 games.
    0:50:18 PewDiePie.
    0:50:19 How many hours?
    0:50:23 Billions of people watching this guy play video games, making sarcastic comments hour
    0:50:24 after hour.
    0:50:26 They’re watching this nonsense.
    0:50:28 He’s some Swedish guy.
    0:50:30 I’m not blaming him, by the way.
    0:50:31 He’s making millions of dollars.
    0:50:32 He’s doing okay.
    0:50:33 He’s living.
    0:50:35 Not everybody else isn’t.
    0:50:37 He’s living his life.
    0:50:42 But why are you watching this Swedish guy making sarcastic comments, playing video games,
    0:50:43 for hours?
    0:50:47 Well, you’re living someone else’s life.
    0:50:50 You’re not living your own life.
    0:50:53 And you can never find happiness living somebody else’s life.
    0:50:56 The other thing is they don’t care about you.
    0:50:57 Yeah.
    0:50:58 They don’t care about you.
    0:51:03 They’re living their life and you’re never going to find satisfaction living someone
    0:51:04 else’s life.
    0:51:05 Yeah.
    0:51:10 By the way, physiologically, my friend Martin Lindstrom has studied the brain.
    0:51:15 When the football player scores a touchdown, the fan experiences almost the same reaction
    0:51:17 as a football player in the brain.
    0:51:18 It’s like they scored the touchdown.
    0:51:19 They’re jumping up and down.
    0:51:20 They’re screaming.
    0:51:22 They didn’t score the touchdown.
    0:51:25 They watched someone else score the touchdown.
    0:51:26 This is so interesting.
    0:51:32 I feel like part of the reason why I’ve been very successful, especially in the last five
    0:51:35 years, is because I literally don’t watch TV.
    0:51:38 I don’t even know how to turn on my TV in my apartment.
    0:51:39 I don’t ever watch.
    0:51:40 I don’t do that.
    0:51:46 And even on social media, I’m focused on my content and my clients and what my friends
    0:51:47 make fun of me.
    0:51:48 They call it Hala TV.
    0:51:51 They’re like, oh, she’s on Hala TV again because all she cares about is her stuff because I’m
    0:51:54 not worried about what everybody else is doing.
    0:51:59 Because like you said, I feel like that’s wasting your own life when you’re paying attention
    0:52:00 to somebody else’s life.
    0:52:01 Just live your own life.
    0:52:02 Yeah.
    0:52:07 Live your own life because, look, you live your own life, at least it’s your life.
    0:52:08 It’s your life.
    0:52:12 And I had a fun experience with it with a New Yorker magazine.
    0:52:13 This changed my life.
    0:52:16 Many years ago, the New Yorker magazine, I think it was 2012, wrote the story of my life.
    0:52:22 It was called “The Better Boss,” a wonderful story written by a woman named Larissa McFarquhar.
    0:52:26 And in this story, in New Yorker profiles, a big deal.
    0:52:28 They spent hours on this thing.
    0:52:33 They spent an average of $60,000 per profile just doing the research a lot.
    0:52:34 This is a serious thing.
    0:52:36 She followed me around for two months.
    0:52:39 Now, half of the New Yorker stories are just rip.
    0:52:41 They just rip into people.
    0:52:45 And almost all of them have at least three paragraphs of “Andy’s a Jerk.”
    0:52:47 But I talked to my wife and I thought about it.
    0:52:49 And I thought, Peter Drucker taught me, who’s the customer?
    0:52:52 And I thought, well, first I thought it’s the people that send me money.
    0:52:56 But then I said, no, the customer is my unborn great-grandchildren.
    0:52:58 And this brilliant woman is going to write a story about me.
    0:53:01 And if I don’t act like me, they won’t know me.
    0:53:04 They’re just going to know some fictitious character that won’t know me.
    0:53:06 So I told my wife, I’m going to act like me.
    0:53:10 And I said, we’re probably going to lose about $150,000 or $200,000.
    0:53:12 So I’m sure we’re going to annoy people, but I’m just going to act like myself.
    0:53:15 Because it turned out it was the best thing I could have possibly done.
    0:53:17 Number one, she’s got an IQ of a zillion anyway.
    0:53:18 She went to Harvard.
    0:53:21 So I’m going to fool her for two months, zero.
    0:53:25 If I did try to fool her, she’d probably just justifiably crucify me for acting like
    0:53:26 an ass.
    0:53:28 So I said, just be yourself.
    0:53:29 Well, be yourself.
    0:53:32 You may lose, but at least it’s you that loses.
    0:53:33 I love this conversation.
    0:53:35 Let’s move on to demand number two.
    0:53:38 It’s commit yourself to earning every day.
    0:53:39 Make it a habit.
    0:53:41 Why do we need to do this?
    0:53:43 Well, that goes back to also my daily questions.
    0:53:47 It needs to be something you restart every day.
    0:53:49 Because if we don’t, we just get lost.
    0:53:52 And it is so easy to get lost on little things.
    0:53:56 One of the guys in our group was Paul Gasol, the basketball star, and one of his areas
    0:54:01 was he wanted to be better at being present around his wife, you know, present, not just
    0:54:04 sitting there, but actually being in the room in his mind.
    0:54:08 So he tells a story, he comes home and he says, you know, how’d you do?
    0:54:09 He’s in our little garage.
    0:54:10 Oh, I’m not so good.
    0:54:12 My wife is very upset with me.
    0:54:15 She said, I wasn’t really present too much and checked out.
    0:54:16 He said, but I was tired.
    0:54:17 Well, how tired were you?
    0:54:18 Oh, so tired.
    0:54:21 I was working out all day, very tired, training for the Olympics.
    0:54:22 I said, you know, it’s interesting.
    0:54:25 I paid a thousand bucks for a seat and my son, Brian, paid a thousand bucks and we went to
    0:54:29 watch you play the Boston Celtics in the World Championship there.
    0:54:30 And you know, you guys won that game.
    0:54:33 It’s probably the biggest game of your life and you’re running up and down the court like
    0:54:34 a banshee.
    0:54:37 Now, coach here, Phil Jackson called timeout with two minutes to go.
    0:54:39 Did you say, you know, Phil, I’m tired.
    0:54:40 I’m tired, Phil.
    0:54:44 No, he said, no, I never, in my career, told a coach I was tired.
    0:54:45 Never.
    0:54:48 Do you think your wife is impressed?
    0:54:55 Well, it’s often harder at home because when we’re working like you, when you work, you’re
    0:54:56 on.
    0:55:02 You’re very on your professional, you know, when we’re not on and we’re not in that
    0:55:07 professional mode, it’s actually easier to lose it and realize, you know, those people
    0:55:08 at home are important.
    0:55:10 And every day you need to re-earn.
    0:55:14 Jim Kim, another guy, my friend, the World Bank guy said, every day I re-earned my legacy.
    0:55:16 That’s the way life is.
    0:55:19 The person that did that stuff yesterday was that person from yesterday.
    0:55:20 They’re not here today.
    0:55:24 And the thing we don’t think about is the fact that we need to really focus on earning
    0:55:28 all kinds of things, happiness, meaning, purpose.
    0:55:31 And if we don’t, inertia kicks in.
    0:55:35 You watch the game, you go to the TV, you know, like you said, you’re like a zombie and your
    0:55:36 life’s over.
    0:55:37 Yeah.
    0:55:40 And it’s because the things that make us fulfilled like happiness, like you were saying, those
    0:55:42 things are fleeting, right?
    0:55:43 They come and they go super quickly.
    0:55:48 And so to your point, we need to learn how to earn them over and over again because they
    0:55:50 can be gone just as fast as we get them.
    0:55:52 Which again, is the great Western disease.
    0:55:58 I will be happy when, once this happens, everything is going to be okay.
    0:56:06 It’s all going to be okay once I get money, status, BMW, car, date, something, no, no.
    0:56:07 Once you get that, it’s nice.
    0:56:08 Yeah.
    0:56:09 That is the last free law.
    0:56:10 Totally agree.
    0:56:11 Okay.
    0:56:17 So demand number three, attach your earning moments to something greater than mere personal
    0:56:18 ambition.
    0:56:19 Right.
    0:56:22 And I think that’s why you need to answer that question of your attribution in life,
    0:56:24 your aspiration in life.
    0:56:25 Why am I doing this?
    0:56:26 Why?
    0:56:30 Because the people I know work their butts off.
    0:56:34 They’re all phenomenally hardworking, achievement, or they don’t need me to teach them about
    0:56:36 delayed gratification.
    0:56:38 They live delayed gratification.
    0:56:40 They’re highly educated, they’re successful.
    0:56:41 They work their butts off.
    0:56:44 Well, you’ve got to have an answer to this question.
    0:56:46 Why am I doing this?
    0:56:50 And if there’s not some higher purpose as to why, then why are you sitting there killing
    0:56:55 yourself to achieve all this stuff unless there’s some higher reason to do it?
    0:56:56 And it doesn’t have to be religious reason.
    0:56:57 Just some reason.
    0:56:58 There needs to be something.
    0:57:04 It could be I want to have great kids that have good lives or I want to, I don’t know,
    0:57:07 I want to help as many people as I can or I want to help the people I’m with have a little
    0:57:08 better life.
    0:57:12 There needs to be something though that’s not just a goal line because the problem with
    0:57:18 the finish line is after you cross the finish line you are finished by definition.
    0:57:23 And there’s part of the book is a good phrase my wife came up with after the victory lap.
    0:57:24 What happens?
    0:57:26 Yeah, all the people cheering, yay, yay.
    0:57:28 What happens after the victory lap?
    0:57:30 If that’s it, you’re finished.
    0:57:32 This is super inspirational.
    0:57:37 So there’s one more question I want to ask before we start to really wrap this up.
    0:57:40 And it’s sort of related, we’ll figure out how it’s related and it’s the fact that you
    0:57:46 wear the same outfit all the time.
    0:57:48 You wear a green polo shirt and khakis.
    0:57:49 I meet with you once a week.
    0:57:51 I see you every week.
    0:57:56 And it’s true, you wear the same thing every time no matter like if you’re on a podcast
    0:58:00 interview with me to 50,000 people or if you know it’s me, us and four people, you’re wearing
    0:58:02 the same thing.
    0:58:07 Talk to us about this freedom in limiting your choices and how that relates to an earned
    0:58:08 life.
    0:58:13 Well, there’s a chapter in the book called the agency of no choice, which talks about
    0:58:16 the value of not having to make choices.
    0:58:19 Back to the New Yorker story, ironically this connects.
    0:58:22 In the New Yorker story, the woman said I always wear a green t-shirt and khaki pants.
    0:58:25 I actually didn’t, but she said I did.
    0:58:29 So after that, people kind of expected it and I thought what the heck, this is my small
    0:58:30 life.
    0:58:31 I don’t have to think anymore.
    0:58:35 But literally every day I wear the same clothes, green t-shirt, khaki pants, it makes life
    0:58:36 easier.
    0:58:39 One more decision, I don’t have to make, decisions are tiring.
    0:58:41 And the more we can eliminate decisions, the better.
    0:58:46 I mean, Barack Obama, he basically said he has a gray suit and a blue suit and a white
    0:58:50 shirt and a blue shirt and his wife picks out the ties and that’s it.
    0:58:52 And he just kind of stumbles around.
    0:58:53 Why?
    0:58:54 He doesn’t want to think about that.
    0:58:55 Well, it’s nice.
    0:58:57 I don’t have to think about what I wear.
    0:59:03 The more we can look at choices that are not that critical to us, it makes our life simpler,
    0:59:04 makes it easy to pack.
    0:59:07 And you know, the nice thing is people expect me to wear a green shirt and khaki pants so
    0:59:11 I can go work in the city corp with everybody else has a coat and tie and they’re all dressed
    0:59:12 up.
    0:59:13 I don’t have to wear a coat and tie.
    0:59:14 Why?
    0:59:15 People don’t expect me to.
    0:59:16 Yeah.
    0:59:17 You’ve just made it iconic.
    0:59:19 You’re just an icon style icon.
    0:59:20 Awesome.
    0:59:21 This was such a great conversation.
    0:59:25 So I always wrap up the interview with two of the same questions to all of my guests and
    0:59:28 then we do something fun at the end of the year with them.
    0:59:33 So the first question is, what is one actionable thing my young and profitors can do today
    0:59:36 to become more profiting tomorrow?
    0:59:39 Well, I’m going to define profiting in a different way.
    0:59:43 I’m going to define profiting as profiting as achieving a meaningful and successful life
    0:59:45 for you, which is not necessarily money.
    0:59:50 And that is breathe and imagine you’re 95 years old and your skin ready to die before
    0:59:51 you take the last breath.
    0:59:55 You’re given a beautiful gift, the ability to go back in time and talk to the person
    0:59:57 who’s listening to me now.
    1:00:01 What advice would that old person facing death have for you that’s listening to me right
    1:00:02 now?
    1:00:06 Well, whatever that advice is, do that.
    1:00:09 That is the definition of a profitable life.
    1:00:11 This might tie into the next question, but we’ll see.
    1:00:14 What is your secret to profiting in life?
    1:00:19 Secret of profiting in life is kind of what we talked about, breathe and start over and
    1:00:23 say profiting in life is not accumulating something.
    1:00:26 Coding life is living now.
    1:00:30 Living now, a life that’s meaningful for you, not coasting on what I did last week or what
    1:00:31 my net worth is.
    1:00:35 It’s living now, making the biggest difference you can make now.
    1:00:38 And you know, let’s finish by, why do I do this?
    1:00:43 Well, basically, as I’ve grown older, in some ways, my level of aspiration has gone down
    1:00:44 and down and down.
    1:00:46 My level of impact’s going up and up and up.
    1:00:48 Well, I’m quite worried about what I’m not going to change.
    1:00:50 What’s my goal on this podcast is very, very simple.
    1:00:54 I hope someone listening has a little better life.
    1:00:59 If one person listening to this podcast has a little better life, just want this good.
    1:01:01 Thank you so much, Dr. Marshall, for coming on this show.
    1:01:04 This conversation was amazing.
    1:01:05 Thank you so much.
    1:01:05 You’re wonderful.
    1:01:08 [MUSIC PLAYING]
    1:01:10 (upbeat music)
    1:01:13 (upbeat music)
    1:01:15 (upbeat music)
    1:01:18 (upbeat music)
    1:01:28 [BLANK_AUDIO]

    During COVID, Marshall Goldsmith spent several hours every weekend listening to successful people speak about their lives. From these sessions, he learned that even the highest achievers need help finding fulfillment. So, he wrote The Earned Life to address this need, drawing inspiration from Buddhism and his experience as an executive coach. In this episode, Marshall shares practical advice and exercises to help overachievers find personal fulfillment and live without regret.

    Dr. Marshall Goldsmith is the leading expert on leadership and coaching for behavioral change. He is also the author of several bestsellers, including Triggers and The Earned Life.

    In this episode, Hala and Marshall will discuss:

    – Marshall’s childhood and early years 

    – Marshall’s interpretation of Buddhism

    – How he uses his Buddhist philosophies in coaching 

    – The benefits and drawbacks of delayed gratification 

    – Impermanence and the ‘every breath’ paradigm 

    – Letting go of past successes

    – The definition of an earned life 

    – How regret and fulfillment are polar opposites 

    – Avoiding the big regrets

    – Why people don’t live their own lives 

    – The three demands of living an earned life

    – And other topics… 

    Dr. Marshall Goldsmith is recognized as the leading expert on leadership and coaching for behavioral change. He has been named one of the top ten business thinkers in the world and the top-rated executive coach at the Thinkers50 ceremony in London since 2011. Marshall is the author of several Wall Street Journal and New York Times #1 bestsellers, including Triggers and What Got You Here Won’t Get You There, which is also the winner of the Harold Longman Award as Best Business Book of the Year. His newest book, The Earned Life: Lose Regret, Choose Fulfillment, was released in May 2022. 

    Connect with Marshall:

    Marshall’s Website: https://marshallgoldsmith.com/

    Marshall’s LinkedIn: https://www.linkedin.com/in/marshallgoldsmith/

    Marshall’s Instagram: https://www.instagram.com/coachgoldsmith/

    Marshall’s Twitter: https://twitter.com/coachgoldsmith

    Marshall’s Facebook: https://www.facebook.com/Marshall.Goldsmith.Library

    Marshall’s YouTube: https://www.youtube.com/channel/UCtvlM6xRUC_ErV_q1FgUgiA

    Resources Mentioned: 

    Marshall’s Book, The Earned Life: Lose Regret, Choose Fulfillment: https://www.amazon.com/Earned-Life-Regret-Choose-Fulfillment/dp/0593237277  

    YAP Episode 42, Become a Better Leader with Dr. Marshall Goldsmith: https://youngandprofiting.com/42-become-a-better-leader-with-dr-marshall-goldsmith/ 

    Marshall’s New Yorker Profile, “The Better Boss”: https://www.newyorker.com/magazine/2002/04/22/the-better-boss 

    LinkedIn Secrets Masterclass, Have Job Security For Life:

    Use code ‘podcast’ for 30% off at yapmedia.io/course.

      

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    More About Young and Profiting

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    Follow Hala Taha

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  • Shruti Joshi: Get Good With Money, Achieve Financial Zen With Personalized Financial Planning | E293

    AI transcript
    0:00:05 Today’s episode is sponsored in part by Teachable, Fundrise, Mint Mobile, Working Genius, Indeed,
    0:00:06 and Shopify.
    0:00:11 Teachable makes it easy for creators to monetize their content with full control.
    0:00:15 Head to teachable.com and use code “PROFITING” to claim your free month on their pro-paid
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    0:00:44 Get 20% off the $25 Working Genius assessment at workinggenius.com with code “PROFITING”
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    0:01:04 Sign up for a $1 per month trial period at Shopify.com/profiting.
    0:01:09 As always, you can find all of our incredible deals in the show notes.
    0:01:21 Yeah, fam, welcome to the show.
    0:01:24 Today we are going to talk all about finances.
    0:01:30 If you’re an entrepreneur like me, chances are that you’re ignoring your personal finances.
    0:01:35 You’re worried about growing your business, selling, marketing, and focusing on all the
    0:01:36 things you’re good at.
    0:01:39 And maybe finances are not one of those things.
    0:01:43 So today we’re going to talk about everything you need to know when it comes to enhancing
    0:01:46 your personal finance journey.
    0:01:47 Joining us today is Shruti Joshi.
    0:01:50 She is the president and COO of Facet.
    0:01:52 And she knows so much about this topic.
    0:01:54 I’m so excited for this conversation.
    0:01:57 Without further ado, here’s my conversation with Shruti Joshi.
    0:02:00 Shruti, welcome to Young and Profiting Podcast.
    0:02:01 Thank you so much for having me.
    0:02:02 I’m excited to be here.
    0:02:05 Likewise, I’m really excited for this conversation.
    0:02:08 So I was looking into your background, and I know that you’ve worked in corporate in
    0:02:09 the past.
    0:02:14 You worked at really big companies like Verizon and the consumer tech space.
    0:02:17 And you were really focused on client success and acquisition.
    0:02:23 So curious to understand what your career journey was like and why you’re so passionate
    0:02:24 about customer experiences.
    0:02:25 Sure.
    0:02:30 So for starters, I’ve always followed a combination or found the intersection of what my interests
    0:02:33 are and what I’m good at.
    0:02:35 And so that’s really led my career from the start.
    0:02:41 And I’ve always prized myself in wanting to really build a skill set around mastery and
    0:02:44 just having the grit and determination to carry me through different phases of career.
    0:02:47 So that’s just philosophically what has always carried me.
    0:02:52 I started my career at Verizon and I was in a development program.
    0:02:54 Early in my career, I wanted to be a CMO.
    0:02:58 I thought, well, I’d love to be a chief marketing officer of a big brand.
    0:03:02 And so I started in a marketing development program where they move you around to different
    0:03:04 parts of the business, move you around the country.
    0:03:06 It was incredible training.
    0:03:09 And out of that, I moved into an advertising role at Verizon.
    0:03:13 And then a few years in, I just had this entrepreneurial itch.
    0:03:18 And so again, following that interest, I ended up leaving and doing product innovation design
    0:03:21 at a small boutique consultancy.
    0:03:26 Ended up from that moving back to Verizon, actually they called and they said, hey, we’re
    0:03:27 building a fiber network.
    0:03:29 Are you interested in being a part of that marketing team?
    0:03:31 So I said, well, yeah, that sounds interesting.
    0:03:32 And went and did that.
    0:03:37 So I kind of moved around these different stages, ended up leaving Verizon because after running
    0:03:43 the consumer acquisition program there, I was very curious about using advanced analytics
    0:03:44 to help make better investment decisions.
    0:03:49 So I went to a consulting firm and ended up building a practice area.
    0:03:51 And that was a very entrepreneurial experience.
    0:03:56 Again, intersection of learning a craft, really being interested in it.
    0:04:00 And after that, my equity ended up trying a startup.
    0:04:01 After that ended up here at Facet.
    0:04:03 So it’s just been kind of a wild ride.
    0:04:10 I’ve just done different things and direct to consumer, B2B, small companies, medium
    0:04:15 companies, large companies, and just had this incredible experience of learning from all
    0:04:16 of them.
    0:04:19 I love your story because a lot of people think that to be an entrepreneur, you need
    0:04:22 to drop out of college and just like become an entrepreneur.
    0:04:27 But a lot of people take the corporate route, they kind of learn on somebody else’s dime.
    0:04:31 You can have really entrepreneurial experiences while working in corporate.
    0:04:35 So I love that you shared that with us because a lot of entrepreneurs are taking that route
    0:04:36 nowadays.
    0:04:42 But something else probably inspired you and that’s your immigrant parents who were entrepreneurs.
    0:04:46 And back when they were entrepreneurs, it was pretty unusual for people to be entrepreneurs
    0:04:47 20, 30 years ago.
    0:04:52 So can you talk to us about your experience, watching your parents own their own businesses
    0:04:54 and how that really shaped your personality?
    0:04:55 Yeah, absolutely.
    0:04:58 So my parents were YOLO before YOLO was a thing.
    0:05:01 Like they were very much you only live once people.
    0:05:06 I think they just had this incredibly renegade spirit.
    0:05:07 They were not really rule followers.
    0:05:09 So for example, I’m Indian origin.
    0:05:13 My parents met in India and they got married and they were not in a range marriage and
    0:05:16 their parents didn’t really support the marriage.
    0:05:18 But they said, you know, love above all else.
    0:05:23 And so they broke a lot of rules of which one was they decided to leave the country.
    0:05:27 And so they ended up actually in Brussels first, I was three months old and they were
    0:05:31 interested in, I think at that time they were getting a PhD.
    0:05:34 But then just part of that spirit, they ended up coming to this country with eight hundred
    0:05:35 dollars.
    0:05:41 And it was all about new experiences and finding a better life really for me and for themselves.
    0:05:46 And so from that, when they came here, they ended up, I think I moved seven times before
    0:05:47 I was 14.
    0:05:51 And they just kept going for better experiences, moving up in their career.
    0:05:53 And that meant they moved to different states.
    0:05:55 They were back in Europe for a bit.
    0:05:56 They were here.
    0:05:57 So we were in Switzerland.
    0:05:58 We were in Brussels.
    0:05:59 We were here in New York.
    0:06:02 We were in Philadelphia, California.
    0:06:07 And they just had the spirit of do it all, see it all, learn kind of advance.
    0:06:11 And through that experience, I just got exposed to just so many different ways that people
    0:06:17 live, cultures, and it gave me a very different perspective that I’m so grateful for today.
    0:06:20 Obviously it was miserable going through it really hard as a kid.
    0:06:25 Well, I’m sure that it just helped you learn to adapt, not be afraid of change, not be
    0:06:30 afraid of taking risks, which is probably why you’re such a successful brown woman.
    0:06:35 And I feel so proud that you’ve accomplished so much, and you’re actually the president
    0:06:41 and COO of FACET, which is one of the fastest growing fintech companies in America.
    0:06:42 That’s so awesome.
    0:06:44 And I found out that you actually started as an investor.
    0:06:48 So I’d love to understand that journey because it’s not so often you hear about an investor
    0:06:50 joining the C-suite of a team.
    0:06:52 So I’d love to hear all about that.
    0:06:57 My parents’ exposure to all of these different cultures and ways of living has always made
    0:07:04 me fascinated by just people and candidly just the socioeconomic differences, right?
    0:07:08 Because when you come to this country with $800 and you end up in a very different situation
    0:07:12 where my parents ended up building companies and selling them, you just get this exposure
    0:07:14 to how different people live.
    0:07:20 And money is like a very central theme across these various socioeconomic classes.
    0:07:24 So that was always in the back of my head is just a fascination.
    0:07:29 And in 2016, Anders and Patrick, they’re both founders of FACET, they gave me a call and
    0:07:32 they said, “Hey, we’re starting up this business.
    0:07:37 It’s all about disrupting the model in financial planning and democratizing a service that
    0:07:40 most people haven’t had access to.
    0:07:43 Would you be interested in advising us and investing in the business?”
    0:07:47 And upon hearing the story, I was so fascinated by the mission.
    0:07:48 I was really moved by it.
    0:07:53 I thought, “Wow, what an incredible mission to bring financial planning, which is typically
    0:07:58 reserved for the wealthy, and democratize it to millions of Americans that can really
    0:08:00 benefit from the service.”
    0:08:03 And so that was really the thing that brought me in.
    0:08:06 So I had this personal fascination with the topic.
    0:08:07 It felt like such an incredible mission.
    0:08:10 And so I ended up investing.
    0:08:14 After I made that investment, I was advising over the years and then coming in full time
    0:08:17 really happened because it’s just like a lot of things in life, right?
    0:08:23 It was this perfect moment where my career was at a point where I was open to doing something
    0:08:26 and the business really needed somebody with my experience.
    0:08:31 And then of course I was so passionate about the mission that the timing worked out.
    0:08:35 And just to be clear, it’s kind of a funny story because I started, I founded a company.
    0:08:37 It was a tech business and I raised money for it.
    0:08:41 It was a travel peer-to-peer recommendation company and I failed.
    0:08:44 I launched it a couple of months before the pandemic.
    0:08:49 So travel business near the pandemic isn’t really going to go very far and we tried everything.
    0:08:54 It was such an incredible learning experience, I actually think it set me up to do this job
    0:08:58 in a lot of ways, just some of the skill sets transferred.
    0:09:02 And so when Anders called and said, “I know you’re not that busy at the end of 2020.”
    0:09:06 And I kind of laughed and I was like, “Yeah, I was licking my wounds a little bit.”
    0:09:10 I just thought, “Yeah, you know, maybe there is something to this.”
    0:09:15 And so I ended up coming in in 2021 actually as a consultant at first to help the business
    0:09:21 prepare for scale and that turned into me really connecting with the team and feeling
    0:09:24 even more connected to what we were building and the potential.
    0:09:27 And so I ended up coming in full-time in 2021 of July.
    0:09:32 So that’s the whole journey and it’s been incredible and ever since then I’m so all-in
    0:09:33 on the company.
    0:09:37 Yeah, I’m really happy that you shared that you did start your own company and it didn’t
    0:09:43 work out during COVID, but you ended up learning skills that you could then transfer to facet
    0:09:45 and it really helped you set yourself up for success.
    0:09:48 I love that because same thing with me and all of my journeys.
    0:09:54 I’ve had so many failures, but then it set me up to be the perfect CEO of Yap Media.
    0:09:56 So I hear you on that.
    0:10:01 So you mentioned democratizing financial planning, being the big mission of facet and what you’re
    0:10:02 really passionate about.
    0:10:05 Can you help me understand why that’s so important and why that’s so needed right now?
    0:10:10 Well, I guess first, before I talk about why this is so needed, it probably makes sense
    0:10:13 to talk a little bit about the industry and why facet was created.
    0:10:16 The industry has been around since the late ’60s.
    0:10:19 It has a lot of limitations.
    0:10:24 For one, financial planning has really been something that’s quite expensive and it’s
    0:10:25 quite exclusive.
    0:10:29 It’s been reserved for people that typically have over a million dollars in assets.
    0:10:35 That’s tough because it excludes 40 to 75 million Americans that could really benefit
    0:10:36 from the help.
    0:10:39 Number two, it’s full of conflicts.
    0:10:45 Whether it’s financial advisors selling products and making commissions or the actual business
    0:10:50 model not necessarily being in the best interest of the consumer, it’s filled with conflicts.
    0:10:53 Number three is that it’s not very good.
    0:10:58 In a way, financial planning historically started with the roots of being all about
    0:10:59 your assets.
    0:11:04 Let me invest the money that you have and let me then charge you on those assets.
    0:11:09 The focus has been retirement planning and really just about accumulating wealth.
    0:11:15 Thus, it was founded to really change the way that the industry works, to disrupt the
    0:11:18 industry and to bring a new model to more Americans.
    0:11:21 For starters, we charge a subscription fee.
    0:11:24 What that instantly does is it allows more people to participate.
    0:11:27 You don’t have to have assets to get access to financial planning.
    0:11:30 That’s massive in democratization.
    0:11:33 Number two is it’s very objective.
    0:11:36 Because of that subscription model, we are not selling products.
    0:11:39 In fact, our sales team is a separate team from our planning team.
    0:11:43 Our CFPs don’t make commissions on selling products.
    0:11:48 The advice we provide because we’re a subscription can be, for example, about using your money
    0:11:53 to pay down debt instead of just investing it because for us, it’s irrelevant.
    0:11:56 We just want to charge you the subscription to give you the best advice.
    0:12:01 And third, we’re redefining it in that we are thinking about financial planning as completely
    0:12:02 holistic.
    0:12:07 Any money question you have across the span of your life, we also think about it as ongoing
    0:12:08 and dynamic.
    0:12:12 And then it’s all about taking action on the advice because the life change we provide
    0:12:17 happens when people don’t just get the advice, but they do something with it.
    0:12:20 And so this is what facet has really developed.
    0:12:25 And so for us, we believe this is so important because money is a tool to live the life you
    0:12:26 want.
    0:12:30 And we like to say there’s no wellness without financial wellness.
    0:12:36 And so for us, it’s very much about spreading this capability, this tool, right, the service
    0:12:40 to people so that they can all benefit from making better choices throughout their life
    0:12:42 with their money.
    0:12:45 Let’s hold that thought and take a quick break with our sponsors.
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    0:17:32 I love what you said that there’s no wellness without financial wellness.
    0:17:38 For me personally, I do all my personal finances right now on my own.
    0:17:42 It’s DIY, probably not the best thing because I’m running a company.
    0:17:45 I’ve got so many other things that I’m working on.
    0:17:50 Finances are really not something that I’m interested in or I have strengths in necessarily.
    0:17:55 I do a lot of making money and I’m saving money and I’m investing in stocks in here
    0:17:57 and there, but I could be doing so much more.
    0:18:01 I feel like there’s a lot of entrepreneurs in my position because I think a lot of entrepreneurs
    0:18:07 have my personality where they love sales, they love marketing, they love creating innovation,
    0:18:12 but they don’t really want to be in the books financial planning.
    0:18:14 We don’t want to do that.
    0:18:18 Talk to us about what could go wrong for everybody out there that’s DIY with their financial
    0:18:19 planning.
    0:18:22 First of all, this was me as well.
    0:18:24 I think this is millions of Americans.
    0:18:28 I mean, 80% of our members have never worked with a planner and they have enough resources
    0:18:32 and enough complexity in their lives to really warrant it like your story.
    0:18:33 I’ll use myself.
    0:18:40 I have made so many costly mistakes that I didn’t even realize were mistakes because
    0:18:42 for one, I didn’t know that help was available.
    0:18:46 I actually didn’t even realize that somebody could advise me in this way.
    0:18:53 Then two, things around equity comp, for example, a lot of executives, they step into a situation
    0:18:58 where they actually are given shares, some equity in the company or if you’re an entrepreneur,
    0:19:03 you have usually some sort of an equity construct and that’s very complex stuff.
    0:19:06 I know there are certain things around exercising shares I didn’t do.
    0:19:11 There’s certain investments that I made that were really not the best investments because
    0:19:15 I heard a tip from somebody or I read something on the internet.
    0:19:18 I think it’s very common, first of all, for those reasons.
    0:19:23 What I would say is that if you were in a legal situation, you wouldn’t represent yourself
    0:19:25 in a court of law.
    0:19:29 If you broke an arm, you wouldn’t go on WebMD and figure out how to splint it.
    0:19:32 You’d go to an MD and actually get professional help.
    0:19:34 Your finances are no different.
    0:19:40 Having a CFP guide you, they’re going to have a different level of depth on a very wide
    0:19:44 array of financial matters that it would be almost impossible for the average person to
    0:19:49 just be able to, or even the above average person that’s a stellar entrepreneur, to be
    0:19:53 able to have the time and capacity to learn all of these things.
    0:19:57 Then state legislation is changing and federal laws are changing.
    0:19:59 How do you keep up with that?
    0:20:03 For us, it’s obviously, we think it’s so important to work with a fiduciary to get
    0:20:05 the type of help that people need.
    0:20:06 Yeah.
    0:20:10 Let’s stick on this fiduciary because one of the reasons why I have never seeked out
    0:20:13 help is that it’s really hard for me to trust people.
    0:20:19 I keep thinking, “All right, I’m going to hire this guy from some bank.”
    0:20:25 Then I think, “Well, they have their own incentives and how can I trust somebody with my money?
    0:20:28 How can I trust that they’re actually doing the right thing, that they’re smart, they know
    0:20:29 what they’re doing?”
    0:20:34 Can you talk to us about, first of all, what a CFP is and why you guys have CFPs at FASET
    0:20:35 and then fiduciary?
    0:20:36 Sure.
    0:20:38 What is the responsibility of somebody who has fiduciary duty?
    0:20:39 Yeah.
    0:20:42 A CFP is a certified financial planner.
    0:20:47 That is exclusively what our members work with at FASET in addition to, of course, our technology.
    0:20:51 That is the highest certification possible in the topic of financial planning.
    0:20:55 There is a great deal of education that goes into being a CFP.
    0:20:59 There’s an exam and then there’s an apprenticeship after where you really have to collect a certain
    0:21:00 number of hours.
    0:21:03 It’s a program that people are trained for.
    0:21:07 What a fiduciary really means, and I remember when I came into the industry, I was like,
    0:21:08 “I don’t know what that means.”
    0:21:13 That’s a very industry jargon-y term, but it’s an important one because what it means
    0:21:20 is that a fiduciary has a legal obligation to provide advice in your best interest.
    0:21:24 That feels like, “Well, of course, shouldn’t that just be the way it is?”
    0:21:28 That’s not because in the industry, as I mentioned earlier, one of the challenges is that there
    0:21:32 are many people that operate in this space that are not fiduciaries, and they may be
    0:21:37 selling products and services that people don’t need.
    0:21:41 Finding a fiduciary is so important so you know that you’re getting that advice that’s
    0:21:46 really best for you and not a product sale that’s really best for the commission that
    0:21:48 that individual might get.
    0:21:53 These terms are important to understand and know because they ensure that you’re getting
    0:21:55 something that you can trust.
    0:21:58 Like I mentioned before, FACET is a fintech company.
    0:22:02 Can you talk to us about how you’re incorporating technology with all this and how it’s a human
    0:22:04 plus tech approach?
    0:22:05 Yes.
    0:22:08 Of course, technology is everywhere these days.
    0:22:10 I think every business is a tech business.
    0:22:15 What we’ve done is typically in the industry, a certified financial planner was what you
    0:22:17 were buying effectively.
    0:22:22 If you were taking on a financial planner, it was meeting with the CFP, maybe they’re
    0:22:25 buying you a round of golf or they’re taking you to a steak dinner.
    0:22:28 These are a little bit of the stereotypes around a financial planner.
    0:22:31 In our world, we think about this very differently.
    0:22:37 We really wanted to take the best of what a human or a CFP could do.
    0:22:40 There are some things that humans are uniquely positioned to do.
    0:22:44 We kind of joke that our CFPs are like therapists with calculators.
    0:22:46 The therapy piece is really important.
    0:22:48 It’s identifying your values.
    0:22:54 It’s building connection and trust, and it’s guiding you to change behaviors.
    0:22:59 Money is a deeply psychological subject that goes all the way back to your childhood, and
    0:23:04 a human, our CFPs are trained and uniquely positioned to help connect with our members
    0:23:07 in a way where they can help them with these things.
    0:23:12 Our technology, on the other hand, makes our planners efficient, and it creates a convenience
    0:23:16 factor for all the things that can be automated.
    0:23:21 For example, it’s much easier to log into an account to see how your investments are
    0:23:26 performing or to see how you’re doing against some of your goals or to understand something
    0:23:31 that you maybe were provided advice on last time that you need to take an action on.
    0:23:35 These are wonderful things for technology to do so you’re not spending time in meetings.
    0:23:41 Most of the members at FACET are 40-somethings, their hair is on fire, they’re older millennials,
    0:23:44 they’re Gen Xers, they have families, they have businesses, they’re executives, they’re
    0:23:49 racing around, and so what we’ve thought about a lot is how do we design a member journey
    0:23:53 where the technology can really orchestrate the journey and do the things that technology
    0:23:58 is great at, but our CFPs can do the things that really only CFPs are uniquely positioned
    0:23:59 to do.
    0:24:03 So we’ve built a solution that brings the best of both of these things together to create
    0:24:05 a more impactful experience.
    0:24:09 So I have to say, when I found out that you’re coming on the show, I got really curious about
    0:24:16 FACET and I went online and I took your financial wellness quiz because I need help with my
    0:24:17 finances.
    0:24:20 I’ve been investing so much in my company.
    0:24:23 All of my commercials that you guys hear, all the money that I make off my commercials,
    0:24:29 I’ve been reinvesting that into my company and I haven’t been taking a payout.
    0:24:33 And I’m about to get a huge payout at the end of the year, which is great, it’s like
    0:24:37 all my hard work paying off and the company’s doing great and we’re super profitable and
    0:24:38 all is good.
    0:24:43 But now suddenly I’m like, oh man, I’m about to have way more cash than I’m used to.
    0:24:44 I have no idea what to do with this.
    0:24:48 I need to get somebody to help me because it’s not my strong suit like I said.
    0:24:52 So I took this quiz and as I was taking it, you know when you’re taking a test and like
    0:24:59 you already know you’re failing, I knew that I was like, I am definitely failing right now
    0:25:04 because they were asking me tax questions and retirement questions and insurance questions
    0:25:10 and I was like, I’m not doing any of this, like I’m doing stocks and just basic stuff
    0:25:11 and I knew I was failing.
    0:25:15 So I got a below average score and I ended up booking a call with your team and I had
    0:25:20 my first call and it went awesome and I’m about to start this journey.
    0:25:25 And I love the fact that no commission, it’s subscription, super affordable, like I thought
    0:25:27 it was going to be such an expensive endeavor.
    0:25:31 It’s totally affordable, makes so much sense to do this.
    0:25:35 But can you help me understand what is this process going to be like?
    0:25:39 How much time do I have to do, like what do I have to do to get started?
    0:25:40 What is it like?
    0:25:41 Do I meet with people?
    0:25:43 I’d love to understand what that journey is going to be like.
    0:25:44 Yeah, sure.
    0:25:47 So first of all, there’s no failing in financial wellness.
    0:25:49 I think this is the point, right?
    0:25:55 Is that just the entire industry has conditioned us to believe that retirement planning is what
    0:25:56 it’s about.
    0:26:00 It’s about investing and the reality is that the financial wellness quiz exposes you to
    0:26:05 all of these topics that play a role in your life and in your financial life that you really
    0:26:06 should get help with.
    0:26:10 And so I think the idea is to create an exposure and an education around this.
    0:26:12 So you’re not alone.
    0:26:15 I think lots of people have taken this quiz and said, “Oh my goodness, there’s so much
    0:26:16 more to this.”
    0:26:22 So as part of that in our journey, we’ve been thoughtful about how do we take this holistic
    0:26:23 approach.
    0:26:27 So the way the journey typically works is you’ll speak with a membership manager who’s
    0:26:31 going to help you understand why is this the service that can really help you and answer
    0:26:36 questions that you might have around the model, around the pricing, anything that might be
    0:26:38 holding you up from making a decision.
    0:26:40 So that’s kind of step one.
    0:26:46 Once a member chooses to work with us, they then move into what we call a digital onboarding.
    0:26:50 And that digital onboarding is about 30 to 40 minutes of answering questions around your
    0:26:51 financial life.
    0:26:52 You can do it on your own time.
    0:26:58 A lot of our busy executives and entrepreneurs like yourself do it at 9.30 PM.
    0:27:02 And it’s bringing in some of your statements, answering questions about your demographics.
    0:27:07 And this is all so that our financial planners get a full understanding of your full financial
    0:27:09 life, which is really important.
    0:27:14 And so once you finish the digital onboarding experience, you’re then going to book a time
    0:27:19 to have your first conversation with your CFP or with us CFP, depending on the package that
    0:27:20 you take.
    0:27:23 And so that first meeting is really about understanding you as a person.
    0:27:27 We’ve heard from some of our members that it’s shocking because there’s no discussion
    0:27:28 around money sometimes.
    0:27:32 Sometimes the conversation is purely around your values, your goals.
    0:27:34 What are you trying to accomplish?
    0:27:38 Often there’s a reason that people have a trigger moment that they’re coming to facet.
    0:27:39 We talk about that.
    0:27:43 So in your case, it’s this incredible success you’ve had on what you’re actually about to
    0:27:47 do this year with taking in significant income for the first time.
    0:27:49 So that’s something that will be discussed.
    0:27:53 And all of that is to extract what are the things that are important to you?
    0:27:59 What are your financial goals so that the planner can create a few scenarios?
    0:28:05 And scenarios are important because for all of us in this space, there’s trade-offs we
    0:28:06 have to make.
    0:28:11 Do we want to work for five more years and pay for private school for our children?
    0:28:16 Do we want to buy a second house and take on a side hustle?
    0:28:19 There’s all of these trade-offs that we’re continuously discussing.
    0:28:24 So the CFP is trying to reveal those trade-offs in that conversation and connect and build
    0:28:25 trust.
    0:28:28 Then what happens is the CFP is going to build your scenarios.
    0:28:29 We use scenarios.
    0:28:30 It’s a plan.
    0:28:34 But there are a couple of scenarios that you’re going to receive digitally in messages.
    0:28:37 And you’re going to have a chance to look at everything you’ve shared and a couple of
    0:28:40 places to start your financial journey.
    0:28:45 And so upon reviewing those and understanding, okay, this plan is going to allow me to do
    0:28:48 X number of things, these goals that I have.
    0:28:53 This version of the scenario is going to let me do X, Y and Z. So it’s contrasting different
    0:28:57 ways you can approach how you handle your money and your life planning.
    0:29:01 Once you select a scenario, then you have the ability to go ahead and start taking action
    0:29:02 on those.
    0:29:05 So we’re going to ask you, hey, you need an emergency fund.
    0:29:09 Do you have X months of salary based on what we talked about?
    0:29:13 If you don’t or you do, you might be able to tap a button and go ahead or you’re able
    0:29:16 to tap a button and open a high yield account.
    0:29:19 Perhaps one of your goals is to save for retirement.
    0:29:20 You can tap a button and fund.
    0:29:25 So the technology makes it very easy for people to take action on the advice that they’re
    0:29:26 provided.
    0:29:28 Then after that, there might be a conversation.
    0:29:33 If you’re deciding which scenario or maybe you’ve selected a scenario, but you have questions
    0:29:38 about funding some of your goals, you can then speak with your certified financial planner.
    0:29:40 After that, your plan is in motion.
    0:29:44 At around month four, you’re going to get a full risk assessment.
    0:29:45 So what is the right insurance for you?
    0:29:47 Do you have an estate plan?
    0:29:51 These are all things that everybody needs regardless of their situation.
    0:29:55 So that’s a personalized plan that’s built for you and sent to you digitally.
    0:29:58 And then your planner is always there on messages.
    0:30:02 And our members love that, that they can just send a message when a question comes up to
    0:30:05 ask for whatever they need.
    0:30:09 Around the end of the first year, there’s another conversation with the planner to make
    0:30:12 sure that you’re on track, that there aren’t any questions.
    0:30:16 And we prepare for year two, which is all about aspirational planning and getting in
    0:30:21 a little bit deeper into the psychology of your financial planning and what drives you
    0:30:22 and motivates you.
    0:30:24 So it’s a pretty robust journey.
    0:30:28 There is definitely the need to engage with the journey, but we really work to make it
    0:30:34 simple, jargon-free, and guide everybody through whether it’s our technology or CFP.
    0:30:39 Being able to message a CFP at any time is something that we hear from our members is
    0:30:40 incredibly valuable.
    0:30:41 Yeah.
    0:30:42 Oh my gosh.
    0:30:44 I didn’t know that you guys did all these scenarios.
    0:30:48 And for me, that’s the most thing that I want with my financial planning, because I feel
    0:30:52 like I have so many ideas and I just want to know, like, if I do it this way, how will
    0:30:53 it play out?
    0:30:54 Yeah.
    0:30:57 And to your point, aligning things to your values and goals is so important because it’s
    0:30:59 not one size fits all.
    0:31:03 Some people want to pass money down to their kids.
    0:31:05 Some people want to die with zero.
    0:31:09 I just interviewed somebody, Bill Perkins, about that they want to die with nothing in
    0:31:10 the bank, right?
    0:31:11 Absolutely.
    0:31:13 So everybody’s different in terms of how they want to spend their money, how much money
    0:31:15 they want to make.
    0:31:19 So I’ve got a lot of different people that listen to the show, primarily entrepreneurs,
    0:31:20 small business owners.
    0:31:25 And then I also have a lot of corporate professionals who maybe want to start a side hustle or be
    0:31:28 an entrepreneur one day, who listen to the show.
    0:31:33 So help me understand what an entrepreneur can benefit from, from using facet versus like
    0:31:37 a corporate professional and some of the things that corporate professionals use facet for.
    0:31:38 Sure.
    0:31:43 So what I’ll say is there are so many of our members that are entrepreneurs and corporate
    0:31:45 executives or corporate professionals.
    0:31:49 It’s a very common audience that we’re catering to because, you know, you’re in your late
    0:31:52 thirties, your mid thirties, your early thirties, your forties, like this is really our sweet
    0:31:53 spot.
    0:31:58 There’s so many questions and there’s so much complexity around your financial life.
    0:32:01 We like to say that every decision is a financial decision.
    0:32:05 So who you partner with, for example, whether you should buy a house, whether you should
    0:32:08 live in a specific area, whether you should take that job, whether you’re picking the
    0:32:14 right benefits, whether your 401(k) is optimized at your company, these are all decisions that
    0:32:18 people are constantly having to make on a day-to-day basis.
    0:32:21 So we help entrepreneurs and corporate professionals on all of those.
    0:32:25 There are 44 life milestones that a person goes through in their life.
    0:32:29 And then there’s a significant number of external factors like the market’s up, the
    0:32:32 market’s down, oh, unemployment’s up.
    0:32:35 How do these things affect some of the decision-making that you have?
    0:32:38 So the work that we do is typically not for the business.
    0:32:41 Our work really focuses on the individual.
    0:32:42 It’s really all about you.
    0:32:45 You mentioned, for example, that you don’t have a lot of time.
    0:32:47 You’re so busy running your company.
    0:32:52 Are you thinking about an alignment between what’s right for you and what’s happening
    0:32:53 with your business?
    0:32:55 These are more of the areas that we focus on.
    0:32:58 If you’re an entrepreneur, are you protected?
    0:32:59 Do you have the right disability insurance?
    0:33:00 That’s going to say.
    0:33:01 Right?
    0:33:02 Do you have the right insurance?
    0:33:06 Do you have an estate plan if you have– actually, everybody should have an estate plan.
    0:33:08 But do you have these things in order?
    0:33:13 So it’s really about taking care of the individual or their family if you have a partner.
    0:33:15 That’s really where the focus of our work is.
    0:33:19 And I think it’s an incredibly beneficial service for people that are entrepreneurs
    0:33:22 and executives because you don’t have time.
    0:33:24 I like to joke like my hair is on fire.
    0:33:27 I mean, I don’t have time to do anything.
    0:33:33 And having a CFP– I work with a CFP at Fassett, of course– and having a CFP and having the
    0:33:36 Fassett technology guide me, that’s an incredible value.
    0:33:41 I don’t have to then worry about this incredibly important thing, which is my financial life.
    0:33:42 Yeah.
    0:33:45 And I’m even thinking from my own experience.
    0:33:49 My company, yet media, our finances are super buttoned up.
    0:33:50 We are buttoned up.
    0:33:51 Amazing.
    0:33:54 One day we might get sold and we need to be buttoned up.
    0:33:55 So that’s all fine.
    0:33:58 And I have a CFO, and that’s all working.
    0:34:03 But there’s nobody in my corner telling me as the majority owner, what should I be doing?
    0:34:04 What’s in my best interest?
    0:34:05 Should I take money out?
    0:34:07 Should I not take money out?
    0:34:11 Should I keep– whatever it is, I don’t really have anybody in my corner.
    0:34:14 And I feel like a lot of entrepreneurs are in that situation.
    0:34:20 So I’m excited to finally get some guidance and somebody I can trust that has my fiduciary
    0:34:21 duty in mind.
    0:34:24 And it sounds like Fassett is going to be so awesome for that.
    0:34:26 So very excited about my journey.
    0:34:29 Let’s dig into more of financial wellness.
    0:34:33 What do you think the goal of investing should be for any individual?
    0:34:34 Wow.
    0:34:37 So first of all, we don’t think about it that way.
    0:34:39 I’m going to flip that a little bit, OK?
    0:34:43 So I think first question is, what are your life goals?
    0:34:45 So what do you want to accomplish with your money?
    0:34:48 I think that’s the first place we want to start, right?
    0:34:49 Is it about time?
    0:34:54 Some people, like you had shared the story about, I want to die with nothing.
    0:34:58 For some people, money is just a way to do other things.
    0:35:02 For some people, having more money is security.
    0:35:04 Everybody has a different psychology around money.
    0:35:08 And so for us, what we want to first understand are what are your goals?
    0:35:12 The money in and of itself is a little bit irrelevant because money is a tool to live
    0:35:13 the life you want.
    0:35:15 So the first question is, what are your goals?
    0:35:19 What do you want to do in this very short time we have on this planet?
    0:35:23 And then how can the investments support those goals?
    0:35:24 It’s an interesting thing, right?
    0:35:29 Because the industry will say, well, the goal is investing more, more, more, more.
    0:35:30 And for some people, that’s just not right.
    0:35:31 It’s not about more.
    0:35:33 It’s about time.
    0:35:37 And so the investments are all about providing that person time to do the things they want
    0:35:41 to do or starting a business or spending more time with their families or traveling the
    0:35:42 world.
    0:35:46 So I think it’s very much around the goals first and then the investments support those
    0:35:47 goals.
    0:35:48 That’s our philosophy.
    0:35:54 I remember talking to a member who was about to retire and she was so excited about it.
    0:35:58 And all she wanted to do was buy a burrow.
    0:35:59 She was like, I want a little donkey.
    0:36:00 That was her.
    0:36:06 And it was the cutest story because she wanted a country house and she wanted to have these
    0:36:07 farm animals.
    0:36:09 And it was something that was so important to her.
    0:36:11 And that’s our philosophy.
    0:36:12 There’s no judgment.
    0:36:14 If you want to drink the latte, drink the latte.
    0:36:19 It’s about the life you want and having your investments support those individual goals.
    0:36:21 And they’re personalized.
    0:36:22 Everybody is different.
    0:36:23 Yeah.
    0:36:28 You have two people with the exact same financial profile, but the advice that we would provide
    0:36:30 would be completely different.
    0:36:35 The investments would be different based on what they want to do with their money.
    0:36:38 Young and profitors buy low, sell high.
    0:36:40 It’s easy to say, but it’s hard to do.
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    0:36:49 Demand is dropping and prices are falling, even for many of the best assets.
    0:36:53 It’s no wonder the Fundrise flagship fund plans to go on a buying spree, expanding its
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    0:37:01 You can add the Fundrise flagship fund to your portfolio in just minutes with as little
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    0:37:16 Again, you can diversify your portfolio with the Fundrise flagship fund at fundrise.com/profiting.
    0:37:21 That’s F-U-N-D-R-I-S-E.com/profiting.
    0:37:25 Carefully consider the investment objectives, risks, charges, and expenses of the Fundrise
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    0:37:33 This and other information can be found in the fund’s prospectus at fundrise.com/flagship.
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    0:40:57 This reminds me of two conversations that I’ve had in the past.
    0:41:02 One is with Rameet Sethi, and he basically talked to us about money dials, where he was
    0:41:06 basically saying that you have many different money dials.
    0:41:09 Some people like to turn it up on travel.
    0:41:13 Some people like to turn their spending up on luxury items.
    0:41:19 Some people like to save their money, and they’re very frugal, and maybe they spend it
    0:41:24 on experiences, and that’s what the food or something like that, their foodies.
    0:41:27 Everybody has different preferences about how to spend their money, and there’s no right
    0:41:28 or wrong.
    0:41:29 There’s no judgment.
    0:41:34 Bill Perkins, he’s the guy that wrote Die with Zero, he really opened my mind in terms
    0:41:37 of how to think about money, because he says that you should think about your financial
    0:41:40 planning and buckets, buckets of your life.
    0:41:44 The amount of money you need in your 20s is different than your 40s and 50s.
    0:41:49 In your 20s, you might want money to travel and go to Europe and party with your friends.
    0:41:53 But when you’re 30 and 40, doing that doesn’t make any sense.
    0:41:58 You need to plan for the times in your life and make sure you don’t miss out on the time
    0:42:03 where you could be traveling, or the time where you should be spending money on your
    0:42:06 kids, and so on.
    0:42:12 A lot of people just think about saving and financial planning as when I’m 70 or 80s,
    0:42:16 and they don’t think about the in-between and getting married to your point, all these different
    0:42:18 milestones, buying a house.
    0:42:20 At what point do you want to do all these things?
    0:42:24 I feel like just stepping back and thinking about, “When do I want to buy a house?
    0:42:26 When do I want to get married?
    0:42:29 When do I want to travel the world?”
    0:42:32 It really can help you figure out, A, what to do with your career and how much money
    0:42:36 you need to make and the way that you need to set up your life, and then, B, how much
    0:42:39 you need to be putting away versus spending.
    0:42:42 Is that something that you could work through?
    0:42:43 100%.
    0:42:44 I’m like, “My gosh.
    0:42:45 Are you on our members?”
    0:42:48 I’m like, “You’re speaking our language, yes.”
    0:42:53 So much of what we believe is that planning should be dynamic and ongoing.
    0:42:56 It’s not about just this future thing, right?
    0:42:59 Life is so precious and so short.
    0:43:04 It’s about understanding what choices you have now, and a year from now, and six months
    0:43:07 from now, and two years from now, and three years.
    0:43:08 It’s a journey.
    0:43:13 We think about this ongoing dynamic planning as helping you to make those trade-offs by
    0:43:18 knowing what you value, because so many people just go through life and then they’re spending
    0:43:23 out of habits, or they’re spending out of the way that maybe their parents did it.
    0:43:27 And unless you pause and stop and say, “How do I want to do this, and how do I want to
    0:43:29 use money as a tool?”
    0:43:35 It’s very easy to just go down a path, and so the intentionality around stopping and
    0:43:40 thinking, figuring out what’s right at different stages, whether it’s buckets or whether it’s
    0:43:42 what dials are most important to you.
    0:43:46 This is a huge central part of the way we think about planning, and I would say that
    0:43:53 we think about it one step deeper, even, which is that money is a way to explore and express
    0:43:54 your identity.
    0:43:55 Right?
    0:43:56 It’s how do you show up in this world?
    0:44:02 Back in the ’70s and ’80s, your financial situation dictated your lifestyle and your
    0:44:04 choices, your financial choices.
    0:44:05 That isn’t true anymore.
    0:44:11 Today, it’s really all about understanding what you value and expressing it, and so money
    0:44:16 becomes this tool to really figure out how do I want to express who I am.
    0:44:20 So you, for example, will see a billionaire driving a Prius, right?
    0:44:23 They’re trying to signal the environment is important to me.
    0:44:28 A lot of how people think about money is really changing, and so having that guidance through
    0:44:35 every phase of your life is incredibly valuable so that you know you’re making the right choices
    0:44:36 for yourself.
    0:44:37 I love that.
    0:44:44 I love the fact that you guys take it from such a personal perspective, individual.
    0:44:47 It’s so individualized, which I think is so awesome.
    0:44:51 So let’s talk about some of the things that are financial that we don’t think about as
    0:44:54 financial, back to those milestones that we were talking about.
    0:44:57 You said there’s 40 milestones in everyone’s life.
    0:44:58 Talk to us about that.
    0:45:04 What are some of the milestones that might not be so obvious or actually financial issues?
    0:45:07 We talked about it earlier, which is who you partner up with, and I know you’ve had
    0:45:11 Scott Galloway on the show, who talks a lot about this, like one of the most important
    0:45:14 financial decisions is who you partner up with, and it’s true, right?
    0:45:20 And we talked to a lot of members who are about to embark on a journey together, and
    0:45:26 gosh, since money is this deeply psychological topic, they come to the relationship with
    0:45:30 such different views around money, and how do you navigate that?
    0:45:32 Are you going to combine your finances?
    0:45:33 Are you going to separate them?
    0:45:35 Do you have similar values around money?
    0:45:39 And if not, how do you actually figure out how to do this thing?
    0:45:44 So I think there’s things like getting married, there’s having a baby, there’s a lot of things
    0:45:45 around having a child.
    0:45:48 Do I stay home for a while?
    0:45:51 Do I want to actually continue to work?
    0:45:53 How do I want to raise this child?
    0:45:55 What are my values around money?
    0:45:58 So I think there’s just tons of decisions in these milestones.
    0:46:02 There’s even, should I start a business?
    0:46:06 Obviously, there’s a huge financial component of that, but there’s also a big life component
    0:46:08 around that around when’s the right time.
    0:46:13 So we talked to a lot of members that have this desire to start something, but they obviously
    0:46:17 need to cover expenses and don’t feel that they have the ability to start the company.
    0:46:20 Sometimes we work with them to help them understand, “No, no, no.
    0:46:23 You actually can do this, and here’s how you can do this.”
    0:46:29 We think every decision is a financial decision in some capacity, not just these huge milestones
    0:46:32 that I’m talking about, but even smaller decisions.
    0:46:34 Corporate folks have to do this all the time.
    0:46:35 You have to pick your benefits.
    0:46:36 I don’t know about you.
    0:46:37 I don’t know if you have experience.
    0:46:38 We have, yeah.
    0:46:39 You have benefits, right?
    0:46:40 Yeah, we have benefits.
    0:46:41 I always look at the plans and I’m like, “Oh, gosh.
    0:46:42 I don’t know which plan.”
    0:46:43 Yeah.
    0:46:44 Which deductible.
    0:46:45 Which deductible?
    0:46:46 Any, meaning, mining model.
    0:46:47 Yeah.
    0:46:48 Exactly.
    0:46:49 Close my eyes and pick one.
    0:46:50 Yeah.
    0:46:51 Or you have to figure out a 401(k).
    0:46:53 These are all financial decisions as well.
    0:46:55 We obviously help our members with this.
    0:46:56 There’s just a lot of things.
    0:46:57 Should I move?
    0:47:02 There’s just a lot of people during the pandemic left larger cities and went to smaller secondary
    0:47:03 cities.
    0:47:08 There’s just a lot of life questions that come up that have a financial implication,
    0:47:13 but really when you dig under the surface, it’s not just about your finances.
    0:47:17 It’s about what do you value and what do you want?
    0:47:21 I think these are all the types of things that come up every single day for our CFPs.
    0:47:22 Yeah.
    0:47:25 Something that I’m curious about as an entrepreneur, I remember when I worked in corporate, it
    0:47:28 was really easy to pick a life insurance.
    0:47:31 I have some insurance stuff at my company now, but a lot of entrepreneurs, they don’t
    0:47:33 even have benefits yet.
    0:47:36 What should they be thinking about in terms of insurance or what are some of the things
    0:47:40 that FACET works with people related to insurance?
    0:47:45 We do a digital insurance overview and we partner with certain firms that help them actually
    0:47:47 take action.
    0:47:51 It’s very much in certain cases about making them aware that there’s something that needs
    0:47:52 to be done here.
    0:47:54 You need an estate plan.
    0:47:59 In our case, we’ve created these valuable partnerships so that it’s very easy to take
    0:48:03 action and so then we can refer that person to a particular provider.
    0:48:09 For example, for estate planning, we’re partnering with Wealth.com and we help a person just
    0:48:13 get all of the papers that they need on their estate plan done pretty easily.
    0:48:16 I think that’s all about making it easier.
    0:48:19 First step is making people aware and yes, we will create an awareness around what are
    0:48:24 the things you need or what are the things you need to be considering and then very frequently
    0:48:28 providing either a partner that they can go to to get it done or a referral of how to
    0:48:31 think about getting it done.
    0:48:34 You mentioned you’re working with Wealth.com.
    0:48:38 What other perks and partnerships do you guys have at FACET?
    0:48:42 We obviously think about all of the action on the advice we provide.
    0:48:46 We have various partnerships with companies to make it easier to take action and those
    0:48:51 come at a great value because we’ve negotiated great deals for our members.
    0:48:55 We also have a variety of brand partnerships, so we’re constantly working with different
    0:49:00 brands and allowing our members to have special discounts to those brands, whether it’s, I
    0:49:06 think, right now, our partnership lead and social media lead, Victoria, she organized
    0:49:11 some deals with berries, for example, boot camp, so different health and wellness partners.
    0:49:15 I think she’s got a deal with Five Iron right now, so these are continuously changing, but
    0:49:20 it also provides, again, we think about your life as a whole and it’s providing these benefits
    0:49:24 so that not only can you take action on advice, but you can also just live a better life with
    0:49:27 partners that feel very brand aligned to us.
    0:49:28 I love that.
    0:49:30 I love all of that.
    0:49:35 Let’s step back a little bit and talk about technology and fintech in general.
    0:49:40 Yesterday, I have a mastermind and there was like 50 people on the call and I was like,
    0:49:44 what’s the one thing that is changing your business this year that helped you grow your
    0:49:46 business this year?
    0:49:52 About half the people said it was some sort of AI tool that they’re using, an AI chatbot
    0:49:54 or whatever it is.
    0:49:59 Curious to understand how you see AI playing out in the financial space.
    0:50:02 We think that AI is obviously, it’s here, it’s happening.
    0:50:05 It’s a big part of our product roadmap as well.
    0:50:10 The way we thought about it is less around providing an AI financial solution against
    0:50:16 we have very strong perspectives on the importance of that human in the loop, but for us, AI is
    0:50:21 tremendous when it comes to creating efficiencies, for example, for our planners.
    0:50:26 Rather than, I can give you a use case here that we have in market, is when our planners
    0:50:30 speak to our members, we want them really focused on the member.
    0:50:34 We want them to connect, build trust, and really hear what our members are saying so
    0:50:36 that they can provide a great plan.
    0:50:41 It’s very difficult when part of your job is to take notes, to really focus and make
    0:50:43 a person feel heard.
    0:50:49 We’ve used AI to look at note summaries, so all of our engagements are virtual.
    0:50:53 We have this incredible ability to take transcripts and actually use AI to create a full summary
    0:50:58 of the conversation that our CFPs can refer back to.
    0:51:03 There’s lots of different use cases that are internal to the way our CFPs do their work
    0:51:07 that, again, are very rooted in what provides a great experience for our member.
    0:51:14 We also have a very unique approach on financial planning, and so having AI come in to actually
    0:51:19 become very intelligent around our philosophy on financial planning is another use case that
    0:51:20 we’ve been working on.
    0:51:25 There’s so many different use cases, but for us, it’s less about the whole service being
    0:51:26 artificial intelligence.
    0:51:32 It’s more about taking specific areas and improving the overall experience in generating that
    0:51:33 end-user value.
    0:51:36 But yeah, AI, it’s here to stay.
    0:51:37 It’s going to change everything.
    0:51:38 It’s what everybody says.
    0:51:42 I think we’re just being very thoughtful about it, and for us, we’re regulated.
    0:51:47 The SEC regulates what we do, and that means that when it comes to AI, we have to be very
    0:51:50 careful about advice and about how we actually approach this.
    0:51:55 We’re talking about people’s financial lives, and so human in the loop is a pretty important
    0:51:58 aspect of the development of this over time.
    0:52:03 Yeah, and at the stage that AI is in now, you don’t want AI running your finances.
    0:52:04 You want a human.
    0:52:09 But maybe in the future, that might change, and speaking of the future, you say, “We’d
    0:52:14 like to change the way Americans live,” and I know you guys are all about democratizing
    0:52:15 financial planning.
    0:52:21 So, fast forward 10, 20 years from now, how do you envision America and people’s financial
    0:52:26 planning and the difference of what it’s going to be like in the future?
    0:52:31 We see a world where facets in every home that everyone is benefiting from financial
    0:52:32 planning in their lives.
    0:52:37 Again, this is a service that only the wealthy have had access to for so many years.
    0:52:42 We want to bring it to everybody and have a very material shift in how people experience
    0:52:44 life and how they feel.
    0:52:49 We see a world where stress is significantly reduced, since money is the number one cause
    0:52:51 of stress and the number two cause of divorce.
    0:52:53 We want to move those metrics.
    0:52:57 We want to see that people are feeling calmer about their financial lives, making better
    0:53:00 decisions and living the lives that they really want.
    0:53:03 Well, this has been such an awesome conversation.
    0:53:08 Young and Profiters, if you want to be like me and check out Facet and take the financial
    0:53:12 wellness quiz, go to facet.com/profiting.
    0:53:13 Take the quiz.
    0:53:17 It will open your eyes in terms of what things you need to work on right away.
    0:53:20 So, at the very least, you’ll know what you need to work on, but then if you want to take
    0:53:22 that journey, I highly recommend it.
    0:53:25 So far, I’ve been really enjoying exploring Facet.
    0:53:29 So, Shruti, I end my show with two questions I ask all of my guests.
    0:53:35 The first one is, what is one actionable thing our Young and Profiters can do today to become
    0:53:37 more profitable tomorrow?
    0:53:39 Am I allowed to say sign up for Facet?
    0:53:40 What else?
    0:53:44 Well, I think they should take the financial wellness quiz.
    0:53:47 I think it’s an incredible place to start.
    0:53:52 It’s just getting exposure and education to what financial planning is really about,
    0:53:53 which so few people actually know.
    0:53:57 So, I would say start reading content.
    0:53:59 We have great learn articles on our website.
    0:54:01 We have a financial wellness quiz.
    0:54:03 Start talking about these issues.
    0:54:07 I know that money is a shame-filled topic, and it’s something that people really don’t
    0:54:12 want to talk about, but it’s something that we really need to be speaking about, thinking
    0:54:14 about, and not avoiding.
    0:54:18 And so, I would say just lean in, you know, like read some things, get some help, even
    0:54:22 if it’s not facet, find a fiduciary, a certified financial planner that can help you make these
    0:54:25 decisions that you can benefit from them.
    0:54:29 Something that we didn’t get to touch on is how much stress this would remove from somebody’s
    0:54:30 life.
    0:54:31 Yes.
    0:54:34 Like, I think about all the things that bother me and stress me out.
    0:54:37 Most of it is, what am I doing with my finances?
    0:54:38 Yeah.
    0:54:40 Because it’s something I’m not paying attention to.
    0:54:44 So, the amount of stress that will be relieved once you just tackle this problem will probably
    0:54:48 unlock so much productivity, and mindfulness, and happiness.
    0:54:51 So, it’s way more than just your finances.
    0:54:53 It’s setting up your life.
    0:54:54 Life, 100%.
    0:54:58 It’s really about, I’ll say it again, money is a tool to live the life you want, lean
    0:55:03 into it, get the information, get educated about it, and take it on, even when you’re
    0:55:04 busy.
    0:55:05 And if you’re busy, then get professional help.
    0:55:06 Yeah.
    0:55:09 And, you know, even if you’re not busy, get professional help, because it really can save
    0:55:11 you from making some really costly mistakes.
    0:55:12 Yeah.
    0:55:18 The next question is, what is your secret to profiting in life?
    0:55:19 Ooh.
    0:55:23 My secret to profiting in life would be just going for it.
    0:55:27 So, it’s just experiencing whatever interests me.
    0:55:30 Again, starting from the beginning of my parallels with the D.O.O.
    0:55:31 Yes.
    0:55:35 It’s, you know, if you’re interested in something, just chase it down and do it now.
    0:55:36 Don’t wait.
    0:55:38 Well, this was such an insightful conversation.
    0:55:43 I really enjoyed learning about financial planning and financial wellness.
    0:55:46 And I think my listeners will really, really appreciate this conversation.
    0:55:47 Thank you for your time.
    0:55:48 Thank you so much for having me.
    0:55:52 I really enjoyed learning more about you and having a chance to share our story and excited
    0:55:53 for all the success you’re having.
    0:55:53 Thank you.
    0:56:04 Thank you.
    0:56:06 Thank you.
    0:56:07 Thank you.
    0:56:07 Thank you.
    0:56:15 [BLANK_AUDIO]

    Shruti Joshi launched her company just before the COVID-19 pandemic, only to see it crumble. This setback, however, provided a window for her to take on a consulting role at Facet, where her entrepreneurial experiences set her up for success. Before long, she became the company’s COO and later, President. In this episode, Shruti discusses Facet’s mission to democratize financial wellness for millions of Americans and shares strategies for holistic financial planning.

    Shruti Joshi is the President and COO of Facet, a fintech company disrupting the financial wellness industry. She has been recognized as Wealth Solutions Report’s AAPI Innovator of the Year and one of the top women industry leaders of 2024.

    In this episode, Hala and Shruti will discuss:

    – Shruti’s background and early career

    – Her transition from investor to COO at Facet 

    – Limitations within the financial planning industry

    – Why entrepreneurs need professional financial advice

    – The holistic approach to financial planning

    – The results of Hala’s financial wellness quiz

    – How Facet is disrupting financial planning

    – The role of AI in financial planning

    – Actionable steps for financial wellness

    – The importance of fiduciaries for conflict-free advice

    – The subscription model vs. traditional financial planning fees

    – Why Certified Financial Planners are the industry gold standard 

    – And other topics… 

    Shruti Joshi is the President and COO of Facet, a leading fintech company revolutionizing financial planning with a subscription-based model. Before joining Facet, she founded a peer-to-peer recommendation service and held key roles at Verizon and Altman Solon. She is passionate about democratizing financial planning and making it accessible to everyone. Shruti has been recognized as Wealth Solutions Report’s AAPI Innovator of the Year and one of the top women industry leaders of 2024. A true globetrotter, Shruti has visited over 75 countries and is deeply interested in the psychology of wellness.

    Connect With Shruti:

    Shruti’s LinkedIn: https://www.linkedin.com/in/shruti-joshi-282369a/ 

    Shruti’s Twitter: https://twitter.com/shruti_jo 

    Resources Mentioned:

    Check out Facet’s membership options and get the $250 enrollment fee waived at facet.com/profiting.

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    Use code ‘podcast’ for 30% off at yapmedia.io/course.

     

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  • YAPClassic: Alex Hormozi, How To Make Offers So Good People Feel Stupid Saying No

    AI transcript
    0:00:05 Today’s episode is sponsored in part by Teachable, Fundrise, Mint Mobile, Working Genius, Indeed,
    0:00:06 and Shopify.
    0:00:11 Teachable makes it easy for creators to monetize their content with full control.
    0:00:15 Head to teachable.com and use code “PROFITING” to claim your free month on their pro-paid
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    0:00:26 Add the Fundrise flagship fund to your portfolio with as little as $10 at fundrise.com/profiting.
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    0:00:35 Get your new three-month premium wireless plan for just $15 a month at mintmobile.com/profiting.
    0:00:39 Unlock your team’s potential and boost productivity with Working Genius.
    0:00:44 Get 20% off the $25 Working Genius assessment at workinggenius.com with code “PROFITING”
    0:00:46 at checkout.
    0:00:49 Attract interview and hire all in one place with Indeed.
    0:00:53 Get a $75 sponsored job credit at indeed.com/profiting.
    0:00:55 Terms and conditions apply.
    0:00:59 Shopify is the global commerce platform that helps you grow your business.
    0:01:04 Sign up for a $1 per month trial period at Shopify.com/profiting.
    0:01:09 As always, you can find all of our incredible deals in the show notes.
    0:01:21 Hey, YAPFAM!
    0:01:26 Last Friday, I played part one of my interview with Alex Hormozzi, where we got a foundation
    0:01:30 of his life story and interesting philosophies.
    0:01:34 Today, you’re going to be listening to part two.
    0:01:39 It first went live back in December 2022, but it’s still as fresh as ever because Alex
    0:01:46 digs into the concept of value and why it’s so important for businesses that want to scale.
    0:01:49 You’ll learn all about Alex’s value equation.
    0:01:53 He breaks down the four primary drivers of value and shares some of the most practical
    0:01:57 sales and marketing strategies from his book.
    0:02:01 As a marketer and entrepreneur myself, I study Alex’s work on the daily.
    0:02:05 This is an episode you cannot afford to miss if you want to charge high rates and get people
    0:02:07 to say yes.
    0:02:11 But before we get to it, at YAP Media, we’ve been experimenting with AI to see just how
    0:02:13 far we can push it.
    0:02:16 That’s right, I didn’t actually record this myself.
    0:02:18 Could you tell that this was an AI voice?
    0:02:19 Let me know.
    0:02:25 Send me a DM on LinkedIn or Instagram or send me an email.
    0:02:31 And now let’s get to my conversation with Alex Hormozzi.
    0:02:35 Now we’re going to talk about $100 million offers and get into some real practical, tactical
    0:02:38 sales and marketing tips.
    0:02:40 Let’s talk about pricing.
    0:02:49 Can you talk to us about why it’s not ideal to start off with a low price and why we need
    0:02:55 to not have that kind of a mindset when we’re going into price or offers?
    0:02:58 So there’s really two pricing strategies.
    0:03:03 And this is a gross simplification, but you can be the lowest price leader or you can
    0:03:05 be the high value leader.
    0:03:06 Those are really the positions in the marketplace.
    0:03:09 Now you can make an argument for a third, which would be luxury, but in like business
    0:03:12 services that doesn’t really exist as much.
    0:03:16 And so either your entire strategy is built around being able to provide the same value
    0:03:20 as the rest of the marketplace, which is commoditized and do it for less.
    0:03:24 That is a strategy, but there’s only one guy who can have that spot.
    0:03:26 And most people don’t start with that strategy.
    0:03:29 They’re like, they look around, they see what everyone else is charging, they take the average
    0:03:32 and they say, “I’m going to do the same thing they’re doing and do a little bit better.
    0:03:34 I’m going to do a little bit more for a little bit less.”
    0:03:37 And then the thing is, is that everybody, because the marketplace tries to do a little
    0:03:40 bit more for a little bit less until eventually you can’t do any more for any less.
    0:03:43 And so you end up being a non-profit, which is what most small businesses are.
    0:03:45 Most small businesses don’t make any money.
    0:03:46 And it’s because of that kind of mindset.
    0:03:51 And so it’s solving for a different outcome, which is how do I provide the absolute most
    0:03:53 value to a very specific type of customer?
    0:03:57 Because if you talk to that specific customer and you can really help them accomplish their
    0:03:59 dreams, they’ll pay you as much as you want.
    0:04:03 But the thing is about stacking the other side rather than trying to cut the price, it’s
    0:04:04 just trying to increase the value.
    0:04:08 And then by extension, with the increase in value, you get a corresponding increase in
    0:04:10 price that you are able to charge.
    0:04:14 And by doing that, you enter a virtuous cycle of price rather than a vicious cycle of price.
    0:04:18 The vicious cycle is, you keep cutting your prices, your margin drops, you can’t spend
    0:04:24 as much to fulfill each customer, your service drops even lower, your salesmen aren’t convicted
    0:04:28 because they see all the complaints, you have really low reviews, you can’t pay people well,
    0:04:32 you have to lower your price, you have less profit, and it just goes around and around.
    0:04:34 It’s a very terrible existence and I’ve been there.
    0:04:38 The flip side is like, you charge more, and so the people that are buying are more convicted
    0:04:40 that you can actually help them.
    0:04:42 They’re more invested because they paid more.
    0:04:45 And if you have any kind of business where somebody has to do something in order to be
    0:04:50 successful, which basically many service businesses, the client has to do some stuff.
    0:04:53 The more invested the client is in a very real way, the more valuable your product.
    0:04:56 Because if you get somebody who’s super invested and does the stuff, then you deliver a better
    0:04:57 outcome.
    0:05:00 The next thing is that people actually perceive the value higher.
    0:05:03 So they’ve done a study with this where they had three bottles of wine, low, middle, and
    0:05:06 expensive wines, and they had people taste them and they had them rate them.
    0:05:10 And unsurprisingly, people rated the low wine the lowest, the middle wine the middle, and
    0:05:12 then the expensive wine the best.
    0:05:14 What they didn’t know is that all three wines were the same.
    0:05:18 And so in a very real way, the relationship we value at price is bidirectional.
    0:05:23 People ascribe value to something based on the fact or partially based on the price that
    0:05:24 is there.
    0:05:28 So if you charge more money, people will also perceive your thing as more valuable.
    0:05:31 But with that excess profit, you can also fulfill in that purpose.
    0:05:33 So now you can hire the best people.
    0:05:35 You can spend more in marketing to acquire customers.
    0:05:39 You can treat them with the little do-dads that you probably wouldn’t be able to do
    0:05:41 if you were trying to be a low-cost leader.
    0:05:44 And so you enter a virtuous cycle where people get more value.
    0:05:48 They tell their friends, they stay longer, they pay more, you can market more, and then
    0:05:50 around and then it spins the other way.
    0:05:54 It’s the scariest thing for entrepreneurs because we’ve done this with portfolio companies.
    0:05:55 We had one portfolio company.
    0:05:57 We did a ton of research to look at the marketplace, et cetera.
    0:06:01 And after all the research, the very first thing we did, which is not common for us,
    0:06:02 is we made a price change.
    0:06:04 We said, “We’re going to do nothing different.
    0:06:05 We’re just raising the price 50 percent.”
    0:06:11 I had to get on nine calls with the CEO to convince him to do it, nine, be like, “It’s
    0:06:12 going to be okay.
    0:06:14 If it doesn’t work, we’ll switch it back.”
    0:06:15 You know what I mean?
    0:06:16 He made the change.
    0:06:17 We tripled the profit of the business.
    0:06:21 And this is a big business, tripled, and here’s what’s crazy.
    0:06:24 Most times when you increase the price, you sell fewer units.
    0:06:25 It’s common.
    0:06:27 But it’s okay because you make it a curve.
    0:06:32 If you charge 10 times as much and you sell one-third fewer customers, you make way more
    0:06:33 money.
    0:06:37 And so in this particular instance, we actually sold more people because people perceived
    0:06:38 it.
    0:06:39 This was a medical professional, et cetera.
    0:06:41 And I was like, “I think you’re mispriced.”
    0:06:46 People expected to be higher than it currently is because of your medical background.
    0:06:51 And so we made the price change and then tripled the profit of the business in three months.
    0:06:55 So all that to say, most people are competing as commodities.
    0:06:57 There’s two people in the marketplace.
    0:06:58 People can’t tell the difference.
    0:06:59 They pick the cheaper one.
    0:07:03 The idea is how can we make our price so much more expensive than everyone else in the marketplace
    0:07:07 that people have to pause and think, “Huh, there’s something different happening here.
    0:07:08 I should think more about this.”
    0:07:13 And then you stack that with all of the other value that you’re going to provide them that
    0:07:17 ultimately makes them choose you, even though you’re not the cheapest person.
    0:07:18 Yeah.
    0:07:21 Like you said, there’s benefits to actually increasing your pricing.
    0:07:24 The client can actually get a better result because they’re more invested.
    0:07:28 And also, they think it’s worth it because they’re like, “Oh, it’s priced higher.
    0:07:30 This must be really good,” right?
    0:07:34 So what are the other things that make people feel like they’re getting a good deal?
    0:07:37 So I mean, one of my favorite things from Warren Buffett is price is what you pay values,
    0:07:38 what you get.
    0:07:41 And so the idea is that we still want to always give people a bargain, right?
    0:07:44 Everyone wants a bargain, but it doesn’t mean cheap.
    0:07:46 And so that’s the big difference, right?
    0:07:47 You can have something that’s very expensive.
    0:07:51 So if I said, “Hey, here are the keys to my brand-new Ferrari,” and you can have it
    0:07:55 for 50 grand, a lot of people would find a way to come up with 50 grand like that if
    0:07:57 they knew the car was worth 600.
    0:08:02 And so the idea is how can we make our service very clearly worth 600 and charge 50 rather
    0:08:08 than try and sell a crappy Honda for a little above market?
    0:08:10 That’s where everybody messes up.
    0:08:14 They take a shitty product, they raise the price, and then they get more upset customers.
    0:08:21 So it’s like, if I spend $100 in cost to deliver $10,000 of value and charge a thousand, then
    0:08:25 I have 90% margins, they get 10 times the value and everyone wins.
    0:08:26 And that is a wonderful business.
    0:08:30 And that’s what we try to create is we look at how much value, like when we’re looking
    0:08:35 at companies we want to take on, is we look at the core product, how much value are they
    0:08:37 really able to provide a customer?
    0:08:40 And then we can reorient the monetization and the productization of the business and
    0:08:43 the services in such a way that we can maximize how much money we make.
    0:08:47 And then ultimately spend more to acquire customers, hire better talent, etc., etc.
    0:08:48 And that’s how we can scale it.
    0:08:49 Okay.
    0:08:52 So let’s talk about your value equation that you have in your book.
    0:08:55 You say there are four primary drivers of value.
    0:08:56 Can you break that down for us?
    0:08:57 Yeah.
    0:09:01 How is it that lipo suction is $50,000 because that promises weight loss.
    0:09:05 And then an e-book on weight loss is five bucks and it promises the same thing.
    0:09:09 And so if you think about this like a fraction, the four, like so just draw a line mentally,
    0:09:11 the first one is the dream outcome.
    0:09:15 The higher and the cooler the dream outcome, the more valuable the thing you sell is.
    0:09:16 Number one.
    0:09:18 Number two is the perceived likelihood of achievement.
    0:09:21 Now this is the last one I ended up coming up with when I was writing the book.
    0:09:23 I was like, something’s off here and I’ll give you a clear example.
    0:09:25 So we’ll use that lipo suction thing.
    0:09:28 So imagine you’ve got a doctor who finishes medical school and the day after they finish
    0:09:31 medical school, they put up their shingle and they say, “I’m doing lipo suction.”
    0:09:36 And you’ve got another guy who’s done 10,000 surgery of this particular surgery.
    0:09:39 Who are you willing to pay more for the same surgery?
    0:09:41 The guy who’s done 10,000.
    0:09:42 And I was like, “What is that?
    0:09:43 That’s perceived likelihood of achievement.
    0:09:45 It’s risk factor.
    0:09:48 It’s that when I pay this money, it’s the likelihood that I’m actually going to get what I want.”
    0:09:51 And even though, and this is a good one for everyone who’s a service provider, the guy
    0:09:54 who’s newer probably will take longer.
    0:09:58 So he’s spending more time with his patients than the experienced guy, but it doesn’t matter
    0:10:01 because it’s about the outcome and the perceived likelihood they achieve that.
    0:10:06 And that’s why testimonials, having guarantees, things like that can increase the perceived
    0:10:07 likelihood of achievement.
    0:10:10 And if you add a guarantee, you can in a very real way increase your price because you
    0:10:12 have decreased their risk.
    0:10:15 So you maximize the first two, which is going to be the dream outcome is something they
    0:10:18 really, really want, and that you increase the perceived likelihood that they’re actually
    0:10:19 going to achieve it.
    0:10:21 Now, the second half of the equation is the bottom side of the fraction.
    0:10:24 The goal here is to minimize these things.
    0:10:27 And the first half of my career, I spent all my time on the top side, making bigger,
    0:10:29 bigger promises, lots and lots to testimonials.
    0:10:30 That was all I did.
    0:10:34 And I think that’s kind of a telltale sign of a newer market or newer entrepreneur.
    0:10:37 The businesses that are worth a fortune, they spent all of their time on the bottom side
    0:10:39 because the bottom side is usually the competitive mode.
    0:10:43 Anyone can make promises and anyone can show testimonials and things like that.
    0:10:46 But what people can’t do is the bottom, which are these two things.
    0:10:47 Number one is time.
    0:10:49 And the second one is effort and sacrifice.
    0:10:54 So time delay is the distance between when you buy and when you get, right?
    0:10:57 So if I were to swipe my credit card for a gym membership, it’s going to take a long
    0:11:00 time for me to get the body that I probably want.
    0:11:02 Why does liposuction cost more?
    0:11:04 Because it happens way faster.
    0:11:09 You can get someone to lose 50 pounds in basically them going to sleep and waking up.
    0:11:12 Now sure, there’s pain, there’s recovery, but it’s still, they don’t have to go to
    0:11:13 the gym.
    0:11:14 They don’t have to change their diet.
    0:11:15 They don’t have to sweat.
    0:11:16 They don’t have to change their schedule.
    0:11:17 They can still drink margarine.
    0:11:18 Like you can do everything.
    0:11:23 And then in a day later, they’re gone and the market plays values that in a very real
    0:11:24 way.
    0:11:27 You have to arm wrestle someone to get them to sign up for a $29 a month gym membership,
    0:11:30 but people will fork over 40 grand for liposuction all day long.
    0:11:32 And so it’s because of the time delay.
    0:11:38 And in a B2B example, to give a different one for your audience, if I were an agency
    0:11:42 and I had marketing services, two agencies have identical marketing services in terms
    0:11:43 of outcome.
    0:11:49 But one of them, the moment you sign the contract, your phone rings, and it’s a prospect, how
    0:11:53 much more valuable is that compared to the guy who’s going to take 60 days to ramp up?
    0:11:55 Significantly more valuable.
    0:11:58 And so one of the easiest business strategies in the world is do what everyone else is doing
    0:11:59 it and do it in half the time.
    0:12:01 Just easy way to provide value and win.
    0:12:03 The fourth one is effort and sacrifice.
    0:12:05 So they’re two sides of the same coin.
    0:12:08 Effort is things that you have to start doing that you don’t want to do that you weren’t
    0:12:10 doing before you signed up for the thing.
    0:12:13 And then sacrifice is things that you have to stop doing that you do want to do that
    0:12:15 you can’t do as a result of buying things.
    0:12:19 So effort would be I have to show up to the gym, the sacrifices I can’t sleep in.
    0:12:23 And these are valuable because it helps you with the copy in terms of explaining it to
    0:12:24 somebody.
    0:12:27 Like the effort is that I have to eat chicken and broccoli, the sacrifices I don’t get
    0:12:28 taco Tuesdays.
    0:12:32 And so you have to give up, you have to make trades that people don’t want to make as
    0:12:34 a result of the purchase.
    0:12:37 And so oftentimes, especially newer entrepreneurs, if you can’t give away your services for
    0:12:41 free, like people won’t say yes to you, which by the way, I recommend everybody get your
    0:12:43 first-time clients by servicing for free.
    0:12:49 But if people are not willing to work with you for free, it’s because your price is not
    0:12:54 the most expensive thing that they are overcoming, the money, because there’s additional costs
    0:12:57 and many of them are time, effort and sacrifice.
    0:13:01 And so with the agency example, if all of a sudden, as a result of this purchase, you
    0:13:04 have to meet with me three times a week, you have to start recording creative and make
    0:13:09 ads and write copy and checking on campaigns with me, that’s a lot of effort and sacrifice
    0:13:14 that I didn’t have to do before versus, hey, pay us and your phone’s going to start ringing.
    0:13:17 We’ll handle everything else significantly more valuable.
    0:13:22 And so in a real way, businesses that can minimize the effort and sacrifice that their
    0:13:27 customers go through and deliver the promise faster and do it in a way that the person
    0:13:30 feels like there’s almost no risk that they’re definitely going to achieve it and it’s something
    0:13:32 that they actually want becomes tremendously valuable.
    0:13:37 And so like the ultimate version of this is all those things maxed out, which is the most
    0:13:40 amazing dream thing that I know without a doubt I’m going to get that happens instantly
    0:13:42 with no effort.
    0:13:46 And I think the moment we can click a button and then a six pack appears on our stomach,
    0:13:48 it would be an infinitely valuable thing.
    0:13:51 And so I think a lot of entrepreneurship is just going towards that ideal.
    0:13:54 And then that is really, it shows us that we always have more that we can improve on.
    0:13:57 And if you look at Amazon, what have they done?
    0:13:58 They incorporate all those things.
    0:13:59 They have the dream outcome.
    0:14:03 So they’ll show you like the best Amazon sellers have little videos that will demonstrate
    0:14:04 how to use the thing.
    0:14:07 So they show you what the dream outcome looks like of what your experience is going to be.
    0:14:12 You have the perceived likelihood because you have all the reviews that are there that you
    0:14:13 can see.
    0:14:16 You’ve got the time delay, which they’ve minimized with prime.
    0:14:19 It shows up the same day and then effort and sacrifice, you click a button.
    0:14:21 You don’t have to type in any stuff, et cetera, et cetera.
    0:14:22 Right?
    0:14:23 It’s delivered.
    0:14:27 The best businesses, Netflix, like they deliver the same experience as Blockbuster.
    0:14:29 That’s the dream outcome is watching the movie.
    0:14:32 The perceived likelihood that you can get what you want, suggested by Netflix.
    0:14:33 They make it even easier.
    0:14:34 The time delay is instant.
    0:14:35 You don’t have to go anywhere.
    0:14:38 And the effort and sacrifice, you click a button from your couch.
    0:14:41 And so the businesses that focus on the bottom side of the equation create a competitive mode
    0:14:43 that make it very difficult for new entrants.
    0:14:44 And so that’s where the enterprise value comes.
    0:14:47 And I would say the latter half of my career has been focusing on the bottom half rather
    0:14:48 than the top half.
    0:14:53 Let’s hold that thought and take a quick break with our sponsors.
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    0:19:54 So when you’re talking about dream outcome, a lot of entrepreneurs make the mistake of
    0:19:59 talking about features and in this whole value occasion, you did not say anything about features
    0:20:02 or value proposition of your product.
    0:20:08 So why is it important to not sell the plane ticket but sell the vacation?
    0:20:12 So this is actually really interesting because I’ve gone even deeper on this.
    0:20:15 So to advanced people, it’s actually a thing of language.
    0:20:20 So if I were to talk to an advanced business owner, I can explain features and they will
    0:20:24 already translate them into benefits for themselves because they are experienced.
    0:20:28 Beginners, if you were selling to beginners or intermediates, you have to translate the
    0:20:32 feature into what it will do for them and what their experience will look like after they’ve
    0:20:35 used or the feature has been consumed.
    0:20:39 And so using the value equation will inform how you talk about your products.
    0:20:42 So it’s like, here’s the dream outcome, which you can describe to them.
    0:20:46 Here’s why you should feel like it’s very low risk to make this purchase.
    0:20:48 Here’s what you can expect from a time perspective.
    0:20:50 And then this is the effort and sacrifice that goes into it.
    0:20:54 If we can explain the benefits of what we’re selling in using those four buckets, which
    0:20:57 I would highly encourage everyone to look through with those four checkmarks, if it’s
    0:21:00 not doing one of those four things, you can probably cut it.
    0:21:03 When you do it that way and then you dump it down to a third grade reading level because
    0:21:06 half of America doesn’t even read above a seventh grade reading level, you will get
    0:21:08 more people to buy.
    0:21:09 Yeah.
    0:21:14 So another question that I have is that you use the word perceived and I was curious
    0:21:15 about that.
    0:21:19 So why is it perceived a likelihood of achievement, perceived time delay, perceived effort?
    0:21:22 Because if you don’t communicate it, it doesn’t matter.
    0:21:25 They will not perceive the benefit because all that matters is their perception because
    0:21:29 everybody’s reality is, you know, whatever, I’m not even getting into that, but like the
    0:21:32 point is, is like, they will not buy something they do not perceive as a benefit.
    0:21:37 And so the point of underlining their perception is that if we do not communicate it, they
    0:21:41 will not perceive it and they will not value it, which means you don’t get paid for it.
    0:21:44 So if you do not communicate it, you ain’t getting money for it.
    0:21:48 And so that’s why each of those four has to be communicated in such a way that they perceive
    0:21:50 the dream outcome the way they want it to be.
    0:21:53 So I’ll give you a quick example of this perception thing.
    0:21:56 So in the gym world, we would sell memberships.
    0:22:00 What’s interesting is that we found out that if somebody said no and we said, you know what,
    0:22:02 we just want to give you a nutrition consultation for free.
    0:22:04 We want to have goodwill in the community, et cetera.
    0:22:05 People would say, okay, fine.
    0:22:08 They come to the nutrition orientation and people who said they could not afford the
    0:22:12 gym membership would buy 50% more supplements.
    0:22:13 And this is to a no.
    0:22:18 This is to a non-close would buy 50% more supplements than the people who bought.
    0:22:22 And it was because they wanted the dream outcome, but they wanted it their way.
    0:22:23 They wanted a different vehicle.
    0:22:27 So we want to solve the problem, A, but we want to solve it the way they want it to
    0:22:28 be solved.
    0:22:29 Yeah.
    0:22:31 And so for each of these things, we have to communicate that thing.
    0:22:34 Otherwise, they’re not going to, they’re not going to proceed the benefit or pass.
    0:22:35 Amazing.
    0:22:36 Okay.
    0:22:38 So I’m going to skip over a few parts because there’s some really important things that
    0:22:39 I want to talk about.
    0:22:43 I’d love to understand what makes a good market for your offer.
    0:22:45 In the book, I break down four factors.
    0:22:48 So you’ve got the first thing is you want to make sure that the people actually want
    0:22:49 what you have.
    0:22:50 All right.
    0:22:51 So typically I express that as pain.
    0:22:52 They’re in some sort of pain.
    0:22:55 They’re suffering some, some problem that they want to solve.
    0:22:57 And the bigger the problem that you solve, the more money you make for it.
    0:22:59 So number one is that they’re in pain.
    0:23:04 Number two is you want the marketplace to be growing rather than shrinking, right?
    0:23:08 Because if you’re going to do the same work, you might as well have something pushing behind
    0:23:09 you.
    0:23:11 The third one is you want them to have the spending power because the worst thing in
    0:23:14 the world is like, you’ve got a market that’s growing.
    0:23:17 There’s a painful problem that you want to solve and that you have the ability to solve.
    0:23:18 But then they ain’t got no money.
    0:23:22 A friend of mine had a resume business, right?
    0:23:25 He wanted to like help coach people on their resumes and whatnot.
    0:23:26 And he called me up one day.
    0:23:27 He’s like, “This is brilliant.
    0:23:29 I’m going to make all this money.”
    0:23:31 And it turned out he was like, “Dude, they’re all broke.
    0:23:32 They’re all on unemployment.”
    0:23:37 Now you could make the argument that helping people with a resume inherently is not bad,
    0:23:38 but he had picked the wrong market to serve.
    0:23:41 If he had helped corporate executives get raises, he probably would have made a lot
    0:23:42 more money.
    0:23:46 But he was picking unemployed people to help them get a job rather than helping people get
    0:23:49 a better job.
    0:23:50 Tiny difference.
    0:23:54 The lever on how much money you can make serving different audiences is the name of the game.
    0:24:00 The reason many of the Fortune 500 companies are enterprise like Salesforce, they’ve gone
    0:24:04 down market now, but they built their value on the fact that they serve very expensive
    0:24:07 customers, $1 million, $2 million, $10 million your contracts.
    0:24:12 It’s because you get to charge based on the value of their business, not yours.
    0:24:14 And that’s one of the beautiful things about this.
    0:24:18 Let’s say you have a CRO agency, so conversion rate optimization agency, and you go to an
    0:24:23 e-commerce store and you say, “I can optimize your site and get you 10% more conversions.”
    0:24:24 Okay, cool.
    0:24:28 So if I’m making a million dollars a year as the e-commerce store owner, a CRO happens,
    0:24:30 I make 1.1, fantastic.
    0:24:34 If I go to the same type of business, e-commerce, and they’re doing 100 million a year, and
    0:24:36 I do 10%, they make 10 million a year.
    0:24:37 Same work.
    0:24:41 And I make them $10 million versus $100,000.
    0:24:43 Which one do you think I can charge more?
    0:24:44 The 100 million one.
    0:24:49 I could probably ask for 2.5 million of the 10 that I make them, probably.
    0:24:51 I could probably negotiate that in if it was only on the game.
    0:24:55 And so many times, the amount of money we make is partially due to the value that we
    0:24:57 provide, but a big part of it is the market.
    0:25:01 And the market I actually put before, I put the value of the offer itself because I think
    0:25:03 it’s actually an even bigger determinant.
    0:25:06 So a different example would be like COVID with toilet paper.
    0:25:10 If you were selling toilet paper during COVID, it didn’t matter what your offer was.
    0:25:14 The supply demand curve was so strongly in your favor that you could sell for whatever
    0:25:15 you wanted.
    0:25:16 You were going to sell out.
    0:25:18 And so the idea is to try and align those four things.
    0:25:20 You want a market that is actually in pain.
    0:25:23 We’re not trying to sell ice to eskimos, not actually.
    0:25:25 You want them to be growing.
    0:25:27 A friend of mine was in the newspaper business.
    0:25:29 And so he had an amazing offer.
    0:25:33 He would actually do a rev share based on only revenue that he would bring newspapers.
    0:25:34 And he was eating up market share.
    0:25:38 The problem is the market was shrinking at a compounding rate of 25% a year.
    0:25:43 So from year one to year eight, it had already gone to like 5% of the original market size
    0:25:46 that it really was, even though he was, quote, gaining market share.
    0:25:47 He couldn’t grow the business.
    0:25:48 And he kept looking at all these things.
    0:25:49 I was like, dude, just on the newspapers.
    0:25:51 Like, literally, I couldn’t make this up.
    0:25:53 Like, you’re selling the newspapers, so he couldn’t grow.
    0:25:57 And many of us are, it’s an extreme example, but many of us are pursuing newspaper type
    0:25:58 businesses.
    0:26:02 We’re selling to people that the marketplace is closing down.
    0:26:05 And so those are the variables that we look at within the marketplace.
    0:26:09 And so the famous example is the marketing professor who’s talking to his class and says,
    0:26:13 okay, if you have one strategic advantage for your hot dog stand, what would you have?
    0:26:18 And everybody in this is like, better hot dogs, better sauces, lower prices, better location,
    0:26:19 whatever it is.
    0:26:22 So like after it all dies down, he’s like a starving crowd.
    0:26:27 If you’re out right in front of the bar at 2am, you’re going to sell out of hot dogs.
    0:26:30 If you’re out in front of the stadium and you’re the only hot dog stand there because
    0:26:32 everybody else is in their brick and mortar locations and you can wheel your cart up front,
    0:26:33 you’re going to sell out.
    0:26:35 It doesn’t matter how shit your hot dogs are.
    0:26:38 My point is not to say that you should make shit hot dogs, you’ll sell even more because
    0:26:42 if the next time the game gets out and your hot dog was good, they’ll come back.
    0:26:45 That’s the piece that people miss is that you can anybody can sell one thing once.
    0:26:49 But the things that build the compounding businesses are the fact that the product is
    0:26:52 so good that A, they tell their friends and B, they come back.
    0:26:55 And that’s the unlocking that most people miss out on because in the beginning, I’m
    0:26:57 going to go on this tangent because I think it’s important.
    0:26:58 It is.
    0:27:00 When you are a new business owner, you have to learn how to promote, you’ve got to learn
    0:27:02 how to market, learn how to sell.
    0:27:03 And the reason is not so that you can make money.
    0:27:05 The reason is so that you can get customers.
    0:27:09 You get customers so that you can learn how to fulfill on the product.
    0:27:12 What happens is you get a positive reinforcement, it’s just like quitting the business.
    0:27:14 You get a positive reinforcement from learning how to market and sell.
    0:27:18 And so then you think, mistakenly, in my opinion, oh, I should do more of this.
    0:27:21 But the thing is, if you don’t have a big percentage of your business that’s referral,
    0:27:23 your product is still not good enough yet.
    0:27:27 And so what happens is you will get to a point where you cannot outsell your turn.
    0:27:32 And so the path from going to zero to like 10 million really fast is not the same as
    0:27:37 going from zero to 100 million really fast because you build the business differently.
    0:27:40 Because you build it knowing that you have to have a compounding vehicle.
    0:27:44 And for many people, the compounding vehicle is that the product you sell gets other people
    0:27:46 on their own to come back and bringing more customers.
    0:27:49 Because as you expand, so here’s some facts about business.
    0:27:52 Number one, advertising will become more expensive over time.
    0:27:53 Media always goes up in cost.
    0:27:54 Number one.
    0:27:57 Number two, as you scale, infrastructure costs will increase.
    0:28:00 So how do you continue to scale?
    0:28:04 You have to have a compounding force that is viral in the other direction.
    0:28:08 So as you go to colder and colder markets that you have to reach to advertise to you
    0:28:12 that cost more and more money and you have higher and higher fixed costs of infrastructure,
    0:28:15 the only way you can continue to scale is that the customers that are buying in that
    0:28:17 cold market tell five other customers.
    0:28:20 What happens is your revenue scales up, your profit decreases, and then eventually you
    0:28:22 have a break-even point.
    0:28:27 And that’s where many businesses go because they’re trying to build their ego by showing
    0:28:30 their top line rather than building a business that has an amazing product.
    0:28:34 And so it’s a race to show and brag to their friends about the revenue rather than think
    0:28:37 on a, remember, 10-year or 20-year time horizon.
    0:28:42 If you’re looking like that, there is no rush to spending a year or 18 months getting
    0:28:43 the product right.
    0:28:48 One of my good buddies is a software designer, and he spent an entire year just trying to
    0:28:52 get his user experience right so that he could get the return customer to come back on their
    0:28:55 own without him having to do any reminders.
    0:28:59 His company, his software company, is growing at 25% a month with no marketing.
    0:29:03 But like most people would have the first product, learn how to market and sell, and
    0:29:05 then try and sell more and more and more and more and more of that, shove it in the front
    0:29:10 door, but the churn at some point gets too high that you just have to sell more people
    0:29:11 to break even.
    0:29:14 And then you have too much overhead because you had to hire all these people to sustain
    0:29:15 it, and then you’re fucked.
    0:29:17 And that’s what happens to a lot of businesses.
    0:29:20 And they can’t take the ego step back and say, “You know what?
    0:29:23 We’re going to cut down our marketing, we’re going to cut down our advertising, we’re going
    0:29:27 to cut down our sales team, and we’re going to spend this year fixing the product.”
    0:29:30 And then after that, what’s crazy is when you do fix the product, the business will
    0:29:32 grow back on its own.
    0:29:36 And then you have the contribution margin from each new customer that you can go into
    0:29:40 colder markets, can spend more money on acquisition in different channels, because you make so
    0:29:41 much money per customer.
    0:29:47 That is how you unlock the scale, not being like a crazy, like, there’s a rule for marketing.
    0:29:50 Don’t be wrong, obviously, that’s what I teach.
    0:29:51 You have to get sequence right.
    0:29:57 People sell first, and then don’t stop and think, “I’m only selling so that I can learn
    0:29:59 how to fix my product and make it amazing.”
    0:30:01 You have to get some people to buy, for sure.
    0:30:03 But after that point, that’s not the point you hit the gas.
    0:30:07 That’s where you actually pump the break, keep marketing and sales on a slow burner,
    0:30:10 fix this, and if you fix this right, you will keep growing.
    0:30:14 And then at that point, you double down and you gas it.
    0:30:17 Young and Profiters, buy low, sell high.
    0:30:19 It’s easy to say, but it’s hard to do.
    0:30:23 For example, high interest rates are crushing the real estate market right now.
    0:30:27 Demand is dropping and prices are falling, even for many of the best assets.
    0:30:31 It’s no wonder the Fundrise flagship fund plans to go on a buying spree, expanding its
    0:30:35 billion-dollar real estate portfolio over the next few months.
    0:30:39 You can add the Fundrise flagship fund to your portfolio in just minutes, with as little
    0:30:49 as $10, by visiting fundrise.com/profiting, that’s f-u-n-d-r-i-s-e.com/profiting.
    0:30:55 Again, you can diversify your portfolio with the Fundrise flagship fund at fundrise.com/profiting.
    0:31:04 Carefully consider the investment objectives, risks, charges, and expenses of the Fundrise
    0:31:06 flagship fund before investing.
    0:31:12 This and other information can be found in the fund’s prospectus at fundrise.com/flagship.
    0:31:14 This is a paid advertisement.
    0:31:17 Young and Profiters, when I started my podcast, I had a volunteer team.
    0:31:21 I was able to just go on social media, put up a post, recruit some interns, and it was
    0:31:23 no big deal.
    0:31:28 But as we’ve scaled as a company, I need real A players, I need people with experience.
    0:31:32 But we’re a small company, and so I don’t have an HR team.
    0:31:37 However, I found the secret sauce to hiring effectively with no HR team, and the secret
    0:31:39 is indeed.
    0:31:43 Indeed is your go-to hiring and matching platform where you can find VET and lock in the best
    0:31:46 talent all in one place.
    0:31:50 Stop bouncing around between different job sites and let Indeed’s matching engine help
    0:31:52 you build your dream team fast.
    0:31:57 I’m super glad I found Indeed when I did because now hiring is so much easier.
    0:31:58 We’re not just doing it from scratch.
    0:32:01 We do our hiring all in one place.
    0:32:03 Indeed matches you with quality candidates.
    0:32:09 In fact, a recent survey found that 93% of employers agree that Indeed delivers the highest
    0:32:12 quality matches compared to other job sites.
    0:32:17 Getting high-quality matches the minute you put up a post saves you so much time, trust
    0:32:18 me.
    0:32:19 I know.
    0:32:24 Join the over 3 million businesses worldwide that use Indeed to hire A players fast, and
    0:32:29 listeners of the show will get a $75 sponsored job credit to give your jobs more visibility
    0:32:32 at indeed.com/profiting.
    0:32:38 That’s indeed.com/profiting and tell Indeed you heard about them on this podcast.
    0:32:39 Terms and conditions apply.
    0:32:40 Need to hire.
    0:32:41 You need.
    0:32:42 Indeed.
    0:32:43 Hey, yeah, ma’am.
    0:32:46 Launching my LinkedIn secrets masterclass was one of the best things I’ve ever done
    0:32:47 for my business.
    0:32:52 And I didn’t have to figure out all the nuts and bolts of creating a website for my course.
    0:32:54 I needed a lot of different features.
    0:32:58 I needed chat capabilities in case anybody had questions.
    0:33:00 I needed promo code discounts.
    0:33:06 I needed a laundry list of features to enable what I was envisioning with my course.
    0:33:07 But here’s the thing.
    0:33:11 All I had to do was literally lift a finger to get it all done.
    0:33:16 And that’s because I used Shopify.
    0:33:21 Shopify is the easiest way to sell anything to sell online or in person.
    0:33:24 It’s the home of the number one checkout on the planet.
    0:33:29 And Shopify is not so secret secret as Shoppay, which boosts conversions up to 50%.
    0:33:35 That means way fewer cards get abandoned and way more sales get done.
    0:33:40 So when students tell me that they can’t afford my course, I let them know about payment plans
    0:33:41 with Shoppay.
    0:33:42 It is a game changer.
    0:33:46 If you’re into growing your business, your commerce platform better be ready to sell
    0:33:51 wherever your customers are scrolling or strolling on the web, in your store, in their feed,
    0:33:53 and everywhere in between.
    0:33:58 Put simply businesses that sell more sell with Shopify.
    0:34:02 Upgrade your business and get the same checkout we use at YAP Media with Shopify.
    0:34:08 Sign up for your $1 per month trial period at Shopify.com/profiting and that’s all lowercase.
    0:34:13 Go to Shopify.com/profiting to upgrade your selling today.
    0:34:17 That’s Shopify.com/profiting.
    0:34:21 Can you talk to us about why it’s important to minimize headspace and focus on the vehicle
    0:34:23 that gives us the most return?
    0:34:28 So if you think about progress in anything, you have volume of activity times leverage
    0:34:30 equals output in any system.
    0:34:34 So how many times you do something times how much you get for each time you do it equals
    0:34:35 what you get overall.
    0:34:38 And so the first thing that people need to do is maximize their activity.
    0:34:41 So if you’re lazy, procrastinated, et cetera, you have to get over that first.
    0:34:42 You got to do something.
    0:34:47 Once you start doing stuff, you very quickly maximize your time.
    0:34:50 Like you start working 16 hours a day, basically you sleep and you work, right?
    0:34:53 But then how is it that some people can work 16 hours a day and other people can work 16
    0:34:57 hours a day and the person two makes 1,000 times more than person one?
    0:34:59 Well, it’s because of the second piece, which is leverage.
    0:35:02 And so a lot of times people think they need to do more things rather than doing more of
    0:35:04 the one thing.
    0:35:08 And you get your outsize returns by getting better, not by necessarily even doing more.
    0:35:12 And so what I mean by that is like, so leverage is defined by the difference between inputs
    0:35:13 and outputs in a system.
    0:35:16 And so that means that if I put one input and I get more output, I have high leverage.
    0:35:20 If I put a lot of input and little input, little output, then I have low leverage.
    0:35:23 And so a high leverage activity gives you more for what you put in.
    0:35:27 The thing is, is that activity is limited with time, right?
    0:35:30 Time focus, energy, et cetera, but leverage is not.
    0:35:33 And so the idea is if we can pursue higher leverage opportunities, things that get us
    0:35:38 more for our time, then we will make significantly more and very quickly outpace the activity,
    0:35:42 which is why someone like, like I probably work less now in absolute time.
    0:35:46 I probably still work 10, 12 hours a day, but like, I’m not working 16.
    0:35:50 And I still make significantly more because the leverage multiplier is so high and I work
    0:35:51 this much because I enjoy it.
    0:35:54 I could work less, I just like working.
    0:35:55 What else would I do?
    0:36:00 And so from a focus standpoint, you’re competing against people who are focused.
    0:36:04 And so I think it’s very prideful to think that you split between your quote, four businesses,
    0:36:07 so you can have four businesses on your LinkedIn.
    0:36:10 Like when I see somebody who’s CEO of four businesses, I just assume that they don’t
    0:36:14 make any money because Zuckerberg didn’t have side hustles.
    0:36:18 And so a lot of times people like, there’s a fallacy for newer entrepreneurs, which is
    0:36:21 that like, I’m going to try four things and see which one hits.
    0:36:25 But the reality is that all four of them could hit, but none of them will hit if you try
    0:36:27 to do all four.
    0:36:31 And so I think most times you have to reconcile the fact that like, you just need to focus
    0:36:32 on one thing.
    0:36:36 And most times people will just not confront the hard thing because like, there is a reason
    0:36:38 your one business is not working.
    0:36:39 Solve that problem.
    0:36:43 I’m a big advocate of the theory of constraints, which is a business will grow into the constraint
    0:36:44 of the system and then no longer.
    0:36:48 And so anything you do to a business that is not de-bottomecking the constraint adds
    0:36:50 potential to the system, but not throughput.
    0:36:55 And so it’s like reinforcing a bridge that has one loose brick and reinforcing the backside
    0:36:56 because you add potential to it.
    0:36:59 You add all these bells and whistles and all this other stuff, but you’re not confronting
    0:37:01 the one loose brick, which is limiting your throughput.
    0:37:06 And so our whole theory at acquisition economics is like, find the constraint, fix the constraint,
    0:37:07 let it grow.
    0:37:10 And then until it gets constrained, we don’t change it.
    0:37:11 And then it will get constrained again.
    0:37:13 We will identify the constraint.
    0:37:16 A lot of it comes down to properly identifying the constraint because some people think they
    0:37:20 have a leads problem when the reality is that their product sucks.
    0:37:24 And that’s all, especially with newer entrepreneurs, like my stuff’s so good, if people just knew
    0:37:25 about it.
    0:37:26 Well, it’s like, well, do you have customers?
    0:37:27 Like, yeah, I have customers.
    0:37:29 It’s like, well, people do know about it and they don’t tell their friends.
    0:37:30 So why don’t we solve that problem?
    0:37:34 Yeah, it’s really interesting because I feel like a lot of people, they don’t spend enough
    0:37:39 time on their goals to your point, they’re going from shiny object to shiny object to
    0:37:40 shiny object.
    0:37:44 And then they never get really good at something to be exceptional and become super, super
    0:37:45 successful.
    0:37:51 I’d love to understand how that focus enabled you to believe in yourself more.
    0:37:54 So I’m not a big believer in affirmations and things like that.
    0:37:57 I think a lot of people are like, fake it so you make it and that kind of thing.
    0:38:01 And I think that there’s a lot of like chest beating to try and posture.
    0:38:05 I personally, that doesn’t work for me because what that makes me feel like is a liar and
    0:38:10 I have no power when I feel like I am, when my foundation is sand.
    0:38:15 And so if I am not confident about something is my belief that it is because I do not have
    0:38:17 evidence that I should be good.
    0:38:21 And so it’s like, if I want to say that I am good at sales, well, I could claim to be
    0:38:24 good at sales, but wouldn’t it be so much better to just have a thousand closed deals
    0:38:27 and say, I think it would be reasonable to say that I’m good at sales.
    0:38:28 Right?
    0:38:30 Like I just have evidence and then that way I don’t need to have it.
    0:38:32 I don’t need to have bravado.
    0:38:33 I just have fact.
    0:38:36 And then it makes it much less postury.
    0:38:37 It’s like, this is just what it is.
    0:38:41 And so like when our portfolio is $200 million a year, that’s just what it is.
    0:38:45 And so some people would say that if we just look by percentages, like we do more than
    0:38:47 the vast majority of people, are we the best?
    0:38:48 Absolutely not.
    0:38:49 But we’re pretty good.
    0:38:53 And so we have evidence and it just makes it, for me, much more black and white.
    0:38:58 And it also gives me something to focus on, which I think is the real benefit of this
    0:39:02 is that people are trying to trick their mindset when really they just need to change their
    0:39:03 circumstances.
    0:39:07 They need to give themselves evidence to why they are good.
    0:39:09 That is a workable equation.
    0:39:11 You just do more and you get better.
    0:39:15 And all the best returns in life come from the diminishing returns at the end.
    0:39:17 They’ll give you a quick example for everyone who’s listening.
    0:39:22 So like if you sprint a lot, right, if you’re a sprinter and you go to the Olympics, the
    0:39:25 difference between the first place Olympics and the fourth place Olympics is like a tenth
    0:39:27 of a second or whatever it is.
    0:39:34 But the real difference in real life outcome between gold and not on the pedestal is everything.
    0:39:37 And so what happens is that when people spread themselves, they never give themselves the
    0:39:40 opportunity to get the outsized returns that happen at the end.
    0:39:45 Being the best salesman in the world compared to being a top 10% salesman in the world,
    0:39:50 the difference in income between those two things is probably 50 million a year.
    0:39:51 Just that last bit.
    0:39:55 And so it’s like the difference between a thousand reps and 10,000 reps, diminishing
    0:40:00 marginal returns, you get less for the next 9,000 than you did for the first thousand
    0:40:02 in actual ability.
    0:40:06 But the real world difference between your 10,000th rep and your 1,000th rep is such
    0:40:10 a degree of expertise that your value in the marketplace skyrockets.
    0:40:13 And that’s the thing that people don’t allow themselves to unlock.
    0:40:16 They keep pursuing new rather than pursuing better.
    0:40:19 And when you’re a new entrepreneur, here’s the human behavior behind this.
    0:40:22 You get reinforced for changing path.
    0:40:26 You were in corporate, you go to a job, you get positive reinforcement, you get some freedom,
    0:40:29 you might make more money, whatever it is, you get positive reinforcement.
    0:40:32 And so you learn a lesson that’s the wrong lesson.
    0:40:38 You learn that changing is the key to entrepreneurship, but you only have to change once, which is
    0:40:40 you have to quit the thing to start the next thing.
    0:40:44 And then after that, you have to unlearn the character trait that got you there and learn
    0:40:46 a new trait, which is discipline and focus.
    0:40:49 And then keep doing this new path for an extended period of time so much so that it would be
    0:40:51 unreasonable that you would suck.
    0:40:53 And at that point, people ask you how you did it.
    0:40:54 So good.
    0:40:58 I would advise everybody to rewind that part of this show back.
    0:41:00 So the last way that we end this show.
    0:41:05 What is one actionable thing that our younger profitors can do today to become more profiting
    0:41:06 tomorrow?
    0:41:09 Cut all the side things and focus on one.
    0:41:10 Okay.
    0:41:13 And what is your secret to profiting in life, Alex?
    0:41:14 Focus.
    0:41:18 So one of my favorite sayings is, if it’s worth doing, it’s worth doing, right?
    0:41:23 And I think it’s a very deep saying because most people focus on the doing right part,
    0:41:26 but I think more people need to focus on if it’s worth doing.
    0:41:29 And many people do many things that are not worth doing.
    0:41:31 And so they do many things that are not worth doing.
    0:41:34 And in so doing, do them poorly because they do too many things.
    0:41:36 I just don’t think many people can…
    0:41:37 You can’t do a lot of stuff.
    0:41:44 Like strategy is how you allocate limited resources against unlimited opportunities.
    0:41:51 And so it’s literally a process of saying no, because compared to the options of life,
    0:41:54 resources we have in time and money are so limited comparatively that we just have to
    0:41:58 say no 99% of the time, 99.99% of the time.
    0:42:00 But that’s a muscle you have to learn.
    0:42:03 And so if you just did one thing, and I’ll just tell this quick story that I think we’ll
    0:42:04 bring it home.
    0:42:08 I was talking to a business owner the other day who had four or five things, and I said,
    0:42:10 “How easy would it be for you to grow?”
    0:42:11 I was like, “Which one’s your best one?”
    0:42:13 He’s like, “This is the one that takes me the least amount of effort that makes me
    0:42:14 the most money.”
    0:42:15 I was like, “Okay.”
    0:42:17 If you cut out all the other ones, how easy would it be to grow that business?
    0:42:19 He was like, “Oh my God, I could grow it in my sleep.”
    0:42:20 I was like, “Then why aren’t you doing that?”
    0:42:23 He said he didn’t sleep for three days thinking about it, and then he shut down all the other
    0:42:25 businesses and then he did it.
    0:42:30 A lot of the progress we have is on the other side of very hard decisions or very hard conversations
    0:42:31 that we’ve been putting off.
    0:42:34 And so I think if you can confront those things, you can cut down and narrow your focus and
    0:42:37 then make it unreasonable that you would lose on a long enough time horizon.
    0:42:39 If you do this one thing more than anyone else has done it, you will be better than
    0:42:41 anyone else has been at it.
    0:42:42 Amazing.
    0:42:43 Thank you so much for your time, Alex.
    0:42:45 I absolutely enjoyed the conversation.
    0:42:46 Appreciate you.
    0:42:47 Thank you so much for having me.
    0:42:48 I’m very honored to be here.
    0:42:48 Thank you again.
    0:42:49 Thank you.
    0:42:49 Thank you.
    0:42:59 Thank you.
    0:43:02 (upbeat music)
    0:43:12 [BLANK_AUDIO]

    One of Alex Hormozi’s portfolio companies was underperforming, and he saw a clear solution—raise prices by 50%. Despite the CEO’s resistance, which took nine calls to overcome, they implemented the price increase. The result? The business tripled its profit within three months. Alex knew the key to maximum profitability was delivering maximum value, a lesson he learned from his own mistakes. In this YAPClassic episode, Alex breaks down his value equation and shares strategies for creating irresistible offers.

    Alex Hormozi is an entrepreneur, philanthropist, and co-founder of Acquisition.com, a portfolio company overseeing multiple businesses. He is the bestselling author of $100M Offers, where he shares strategies for creating irresistible business proposals.

    In this episode, Hala and Alex will discuss:

    – Providing high value without cutting prices

    – Alex’s ‘value equation’ for crafting irresistible offers

    – The four key drivers of value in business

    – How to identify profitable markets

    – Strategies to scale your business rapidly

    – Focusing on high-return activities for maximum impact

    – Leveraging high-impact opportunities with minimal effort

    – Eliminating your side hustles to scale your main business

    – Techniques to attract and retain loyal customers

    – And other topics…

    Alex Hormozi is a first-generation Iranian-American entrepreneur, investor, and philanthropist. In 2013, he started his first brick-and-mortar business. Then, he transitioned from gym ownership to founding GymLaunch, a fitness business consultancy, which expanded to over 4,000 locations within four years. Alongside his wife, Leila, Alex bootstrapped three additional companies, which generated $120 million in sales. Then, the Hormozis founded Acquisition.com through which they manage a portfolio of bootstrapped companies. Alex is the bestselling author of $100M Offers, where he shares strategies for creating irresistible business proposals. He is also the host of The Game podcast. 

    Connect with Alex:

    Alex’s Website: https://www.acquisition.com/bio-alex

    Alex’s LinkedIn: https://www.linkedin.com/in/alexanderhormozi/

    Alex’s Twitter: https://twitter.com/AlexHormozi

    Alex’s Instagram: https://www.instagram.com/hormozi/

    Alex’s Facebook: https://www.facebook.com/ahormozi

    Resources Mentioned:

    Alex’s Book, $100M Offers: How To Make Offers So Good People Feel Stupid Saying No: https://www.amazon.com/100M-Offers-People-Stupid-Saying/dp/1737475715

    YAPClassic: Robert Greene on Decoding the Laws of Human Nature:

    https://youngandprofiting.com/yapclassic-decoding-the-laws-of-human-nature-with-robert-greene/

     

    LinkedIn Secrets Masterclass, Have Job Security For Life:

    Use code ‘podcast’ for 30% off at yapmedia.io/course.

    Sponsored By:

    Shopify – Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify

    Indeed – Get a $75 job credit at indeed.com/profiting.

    Yahoo Finance – For comprehensive financial news and analysis, visit YahooFinance.com

    Kajabi – Get a free 30-day trial to start your business at Kajabi.com/PROFITING

    LinkedIn Marketing Solutions – Get a $100 credit on your next campaign at linkedin.com/YAP

    Industrious – Visit industriousoffice.com and use code PROFITING to get a free week of coworking when you take a tour!  

    More About Young and Profiting

    Download Transcripts – youngandprofiting.com

    Get Sponsorship Deals – youngandprofiting.com/sponsorships

    Leave a Review – ratethispodcast.com/yap

    Watch Videos – youtube.com/c/YoungandProfiting

     

    Follow Hala Taha

    LinkedIn – linkedin.com/in/htaha/

    Instagram – instagram.com/yapwithhala/

    TikTok – tiktok.com/@yapwithhala

    Twitter – twitter.com/yapwithhala

     

    Learn more about YAP Media’s Services – yapmedia.io/

  • Julie Solomon: How To Make Money On Instagram In 2024, Even With A Small Audience | E292

    Despite her introversion, Julie Solomon thrives on Instagram. She has successfully monetized her influence and built a reputation as one of the top thought leaders in influence marketing. In this episode, Julie shares her best strategies for growing your brand and monetizing your influence online. She also touches on masterminds and the Instagram algorithm.

    Julie Solomon is an influencer, branding expert, and coach passionate about helping entrepreneurs grow their audience. She is the host of The Influencer Podcast and the author of Get What You Want.

    In this episode, Hala and Julie will discuss:

    – Julie’s approach to balancing privacy and influence

    – Succeeding as an introverted influencer

    – Essential Instagram content to create right now

    – Why you must focus on value-based content

    – Proven strategies for building authority online

    – Overcoming fear in content creation

    – Monetizing a small following

    – Why every entrepreneur needs a mastermind

    – DM automation for driving sales

    – Effective methods for boosting engagement on Instagram

    – How to make your brand messaging magnetic

    – Maximizing Instagram Stories for conversion

    – And other topics… 

    Julie Solomon is a visibility, brand strategy, and brand deal coach, helping entrepreneurs and creators elevate their visibility and impact. She is the host of the top-rated The Influencer Podcast, providing real-time coaching and business growth insights to millions of listeners worldwide. She is also the author of the bestselling book, Get What You Want. She has been featured in Forbes, Entrepreneur, and Business Insider. She has also been named among the top 100 leaders in influence marketing by Influence Co. 

    Connect With Julie:

    Julie’s Website: https://juliesolomon.net/ 

    Julie’s LinkedIn: https://www.linkedin.com/in/julie-solomon-375127133 

    Julie’s Twitter: https://twitter.com/JulsSolomon 

    Julie’s Instagram: https://www.instagram.com/julssolomon/ 

    Julie’s Facebook: https://www.facebook.com/JulsSolomon/ 

    Julie’s YouTube: https://www.youtube.com/c/juliesolomontv 

    Julie’s Podcast, The Influencer Podcast: https://podcasts.apple.com/us/podcast/the-influencer-podcast/id1229401800?mt=2 

    Resources Mentioned:

    The Revenue Growth Lab: https://juliesolomon.net/profiting  

    LinkedIn Secrets Masterclass, Have Job Security For Life:

    Use code ‘podcast’ for 30% off at yapmedia.io/course.

     

    Sponsored By:

    Shopify – Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify

    Indeed – Get a $75 job credit at indeed.com/profiting.

    Yahoo Finance – For comprehensive financial news and analysis, visit YahooFinance.com

    Kajabi – Get a free 30-day trial to start your business at Kajabi.com/PROFITING

    LinkedIn Marketing Solutions – Get a $100 credit on your next campaign at linkedin.com/YAP

    Industrious – Visit industriousoffice.com and use code PROFITING to get a free week of coworking when you take a tour! 

     

    More About Young and Profiting

    Download Transcripts – youngandprofiting.com

    Get Sponsorship Deals – youngandprofiting.com/sponsorships

    Leave a Review – ratethispodcast.com/yap

    Watch Videos – youtube.com/c/YoungandProfiting

     

    Follow Hala Taha

    LinkedIn – linkedin.com/in/htaha/

    Instagram – instagram.com/yapwithhala/

    TikTok – tiktok.com/@yapwithhala

    Twitter – twitter.com/yapwithhala

     

    Learn more about YAP Media’s Services – yapmedia.io/

  • YAPClassic: Alex Hormozi, From Soul-Sucking Job to $100M in Revenue

    Defying his father’s wishes, Alex Hormozi left his stable job to open a gym. But after a failed partnership left him sleeping on the gym floor, he attended a marketing workshop that turned everything around. He used online marketing to secure his first 27 customers, and within three years, expanded to six locations. He has since run and sold multiple successful businesses. In this episode, Alex chats with Hala about his inspiring entrepreneurial journey, sharing the valuable insights he gained along the way. 

    Alex Hormozi is an entrepreneur, philanthropist, and co-founder of Acquisition.com, a portfolio company overseeing multiple businesses. He is the bestselling author of $100M Offers, where he shares strategies for creating irresistible business proposals.

    In this episode, Hala and Alex will discuss:

    – Alex’s upbringing and come-up story

    – The efficiency of learning from experts

    – Using death as a motivator to accomplish your dreams

    – The marketing workshop that fueled his success

    – How Alex scaled his gym chain by monetizing his knowledge

    – Why your life partner is critical to your success

    – Respect over chemistry for a successful marriage 

    – The pros and cons of marrying your business partner

    – When it’s okay to leave money on the table 

    – How he rapidly scaled his business using the licensing model

    – And other topics…

    Alex Hormozi is a first-generation Iranian-American entrepreneur, investor, and philanthropist. In 2013, he started his first brick-and-mortar business. Then, he transitioned from gym ownership to founding GymLaunch, a fitness business consultancy, which expanded to over 4,000 locations within four years. Alongside his wife, Leila, Alex bootstrapped three additional companies, which generated $120 million in sales. Then, the Hormozis founded Acquisition.com through which they manage a portfolio of bootstrapped companies. Alex is the bestselling author of $100M Offers, where he shares strategies for creating irresistible business proposals. He is also the host of The Game podcast. 

    Connect with Alex:

    Alex’s Website: https://www.acquisition.com/bio-alex

    Alex’s LinkedIn: https://www.linkedin.com/in/alexanderhormozi/

    Alex’s Twitter: https://twitter.com/AlexHormozi

    Alex’s Instagram: https://www.instagram.com/hormozi/

    Alex’s Facebook: https://www.facebook.com/HormoziAlex/

    Resources Mentioned:

    Alex’s Book, $100M Offers: How To Make Offers So Good People Feel Stupid Saying No: https://www.amazon.com/100M-Offers-People-Stupid-Saying/dp/1737475715

    YAP Episode 43 with Robert Greene: 

    https://youngandprofiting.com/yapclassic-decoding-the-laws-of-human-nature-with-robert-greene/ 

    YAP Episode 203 with Leila Hormozi:

    https://youngandprofiting.com/leila-hormozi-100000000-leadership-how-to-build-high-performance-teams-people-never-want-to-leave-e203/ 

     

    LinkedIn Secrets Masterclass, Have Job Security For Life:

    Use code ‘podcast’ for 30% off at yapmedia.io/course.

      

    Sponsored By:

    Shopify – Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify

    Indeed – Get a $75 job credit at indeed.com/profiting.

    Yahoo Finance – For comprehensive financial news and analysis, visit YahooFinance.com

    Kajabi – Get a free 30-day trial to start your business at Kajabi.com/PROFITING

    LinkedIn Marketing Solutions – Get a $100 credit on your next campaign at linkedin.com/YAP

    Industrious – Visit industriousoffice.com and use code PROFITING to get a free week of coworking when you take a tour! 

    More About Young and Profiting

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    Follow Hala Taha

    LinkedIn – linkedin.com/in/htaha/

    Instagram – instagram.com/yapwithhala/

    TikTok – tiktok.com/@yapwithhala

    Twitter – twitter.com/yapwithhala

     

    Learn more about YAP Media’s Services – yapmedia.io/