Time stamped show notes:
[00:24] Founder of Wealth Factory | Author of 2 books: Killing Sacred Cows and The Rockefellers
[00:43] He has a new books coming out: 5 Day Weekend.
[1:12] First business was detailing cars that were repossessed by the credit union his mom worked at and vehicles from mine workers
[1:27] He won $5k and decided to invested in VUL.
[2:16] Mutual funds are the least effective tools in finance.
[2:46] He founded Ingenuity with a partner. | It later became an Inc. 500 company.
[4:24] 5 Day Weekend comes out March 2018.
[4:30] Budgeting Sucks will come 6, 8, 9 months after.
[4:56] It takes a genius to make things as simple as possible.
[8:27] It's time to become a lifelong learner and have a beginner's mind.
[11:25] Enjoy life along the way. | Invest in what you know. | Don't invest in what you don't know.
[15:36] How you thrive in free market is copetition (competition and cooperation).
[17:43] If we prevent the small pain, we create the long-term suffering.
[19:20] How we thrive as individuals in the exponential economy through copetition
[19:48] Some people are better intrapreneurs (they thrive within a structure).
[21:26] Visionaries don't have the ability to bring their visions to life alone.
[24:46] Some of technology has disconnected people in the name of connection.
[25:11] The future will exist for those who can really connect.
[31:08] He's been doing stand up comedy lately.
[31:28] He has a multimedia package coming out.
[35:26] Charity he supports: supporting coal mining towns and the people that live there and aligning with charities and causes the help entrepreneurship in young kids
[39:18] Who he looks up to: Rich Christiansen
[42:38] What scares people about having people cold call?
[44:45] People are afraid of rejection because they haven't done a lot of personal development work.
[47:03] Stay focused because focus will beat diversification. Make sure you're really amazing at something before you move to the next thing.
Three key points:
- It's time to become a lifelong learner and have a beginner's mind.
- Enjoy life along the way. | Invest in what you know. | Don't invest in what you don't know.
- Stay focused because focus will beat diversification. Make sure you're really amazing at something before you move to the next thing.
Resources mentioned:
Text 8013967211 and put WWRD on the subject to get book “What Would the Rockefellers Do.”
Physical copy: pay for shipping and handling only
Last question:
- Email builders@welthfactory dot com about people who are great people on the phone. If you know anyone, send an email. Need schedulers to get people in calendar.
- If you know other podcasts he could go on
- If you know brilliant financial minds, he's looking for another Financial Architect for his firm.