Young and Profiting with Hala Taha - Dean Graziosi: It’s Never Been Easier to Turn Your Passion into Entrepreneurial Success | E294

Episode Date: June 10, 2024

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: 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. Industrious - Visit industriousoffice.com and use code PROFITING to get a free week of coworking when you take a tour!   LinkedIn Marketing Solutions - Get a $100 credit on your next campaign at linkedin.com/YAP Kajabi - Get a free 30-day trial to start your business at Kajabi.com/PROFITING   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/

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Starting point is 00:00:00 I think we've been taught the biggest lie. We must have work life balance. I think that's the biggest crap in the world. You literally could have a life, not a pie in the sky, not get rich for doing anything, but you could have a life where you don't care and you don't know where work ends and life begins because you're growing as a human in both of them.
Starting point is 00:00:18 Mr. Dean Braziosi is a very well-known entrepreneur, marketer, extremely successful coach, business owner, real estate investor, and an influencer now who has a lot of influence online. He's obsessed with sharing the success habits learned along the way. He's written five books which have dominated the success of business and real estate book space
Starting point is 00:00:37 since 2006 with his best-selling book amassing over a million copies sold. How has AI changed the game? How do you think entrepreneurs are going to use AI? How do you use AI? I'd love to know. It is going to change the game. And those that understand how to utilize it
Starting point is 00:00:52 are going to be out in front. When you understand this, this allows you to have an unfair advantage. It allows you to be one step ahead. And those of you who are going to ignore it. ignore it? Young and Profiters, welcome back to the show. We are living in fast changing times. Inflation, the internet, technology, AI, they are all changing the way that we interact with the show. We are living in fast changing times. Inflation, the internet, technology,
Starting point is 00:01:25 AI, they are all changing the way that we interact with the world. And joining us today to speak about this is Dean Graziosi. Dean is a real estate mogul, an entrepreneur, speaker, and bestselling author. In today's episode, we'll be discussing how the game of business has changed and how we can leverage our own passions to capitalize on this new world. Dean, welcome to Young and Profiting podcast. Great to be here. I'm so excited for this conversation. So Young and Profiters, Dean came on the show episode 68. And that was all the way back in 2020 when I first became an entrepreneur. Now,
Starting point is 00:02:00 I own a company called Yap Media. 60 people work at this company worldwide. And when I first talked to you, I was just this new entrepreneur and you inspired me so much with your rags to riches story. I can't believe how much has changed and the world has just changed so much since 2020. We talked during COVID, the summer of COVID basically, and the world was in so much flux.
Starting point is 00:02:23 I'm sure you inspired so many people. So Younger Profiters, if you want to listen to that episode, it's episode 68. We talked about his amazing come up story. We talked about the underdog advantage, the mindset of being an entrepreneur and staying resourceful and we even talked about sales and confidence tips. So I highly recommend that episode for anybody who's a new entrepreneur who wants to be inspired to become an entrepreneur. That's episode 68.
Starting point is 00:02:46 And today we're just gonna talk about entrepreneurship and how much the world has changed. So you actually have an upcoming event with Tony Robbins, June 13th to 15th, called The Game Has Changed. And in the event, you're gonna be covering adapting to the new realities of being an entrepreneur and redefining the American Dream.
Starting point is 00:03:05 I've actually heard you say that the American Dream needs a generational reboot. So I'd love to hear about that. Why do you feel the American Dream has changed and why do we need to rethink the way we think about the American Dream? Great question. First off, I really want to give you kudos. I remember our interview in 2020, and I could see you were a little bit like a deer in headlights. It was new, it was fresh, your eyes were wide open, your energy was huge, and I see why you've become so popular and why you inspire so many,
Starting point is 00:03:35 because your story is amazing, and your journey's amazing, and it just shows what's possible. When you're scared, you're unsure, but when you know, when you know there's another level of life waiting for you, you have to do the uncomfortable. You have to do what other people aren't willing to do. You have to miss a few events. You have to say no to your friends a few times
Starting point is 00:03:52 when they wanna have cocktails and you're doing something and they think you're crazy and they think, shouldn't you be back in a secure job? And all the crazy stuff that goes on in the invisible when no one's watching. The reason I love talking about entrepreneurship because we have something in common. We have thoughts in our mind that most people don't when no one's watching. The reason I love talking about entrepreneurship, because we have something in common. We have thoughts in our mind that most people don't
Starting point is 00:04:08 when no one's around. We're thinking, are we gonna make this? How are we gonna make this? How do I get more creative? How do I get innovative? Where can I learn? What podcast should I listen to? What book should I listen to?
Starting point is 00:04:16 What mentor should I have? What course should I buy? We're doing all this stuff in the invisible, so in the light on front stage, it looks like we have something unique. We are special. We got lucky when that's not the invisible. So in the light on front stage, it looks like we have something unique. We are special. We got lucky when that's not the case. We're doing the work when no one's watching.
Starting point is 00:04:30 And if you're here on this podcast, you are doing that work. You are doing the investigating. That's why I love being with a group like this and I look forward to having fun. I'm in a mood today. So let's have some fun. I want to share as much as possible. I love it. I feel your energy.
Starting point is 00:04:43 I love it. And listen, it doesn't mean this is going to be politically correct with everyone. I come from a different generation from the lot of people that are watching. I'm 55. Even though I have some young children and I love feeling young, staying young. But still, I've been around a little longer than most. And when I was young, there wasn't the Internet. You couldn't find somebody like you who was sharing information, interviewing amazing people. It wasn't so easy to download podcasts or books on audio, right? If you wanted more, you had to find a mentor or read some books. But to me, what the American dream
Starting point is 00:05:14 meant to me as a kid is two things. One, my grandfather came from Italy and he didn't have the money to get from Italy to America in the late 1800s. So his family gave him a donkey that he walked down to the docks, found a boat going to America, sold the donkey and still didn't have enough so he made a deal to shovel coal in the steam engine as a ticket to America. Never saw his family again, got on this boat, came to America, got dropped off on Ellis Island in New York City without a dollar in his pocket, didn't know a human being, and didn't know the language. That was my grandfather, Hala.
Starting point is 00:05:52 And right now, I live an abundant life where I get to impact people for a living. I get to partner with the people that I respect the most. I get to retire my mom, retire my dad, and make sure my family's okay. I get to be in control of my calendar, my time, because of what I believe is the American dream, which is entrepreneurship, and having the opportunity to have no limits. That is the simple definition.
Starting point is 00:06:14 But a lot's changed, especially since COVID, and people think, is capitalism greed? Is wanting to be an entrepreneur and do your own thing? Is it still popular? Is it still a good thing? The fact of the matter is, our country, America at least, and most of the world is fueled by small businesses. We see the big Apple and we see the big Amazon, but this country is fueled by the startup entrepreneur
Starting point is 00:06:36 that does their own thing, that does the work in the invisible. And I believe that, whatever your beliefs are, I believe we are pushed so far away in the last couple of years that maybe doing your own thing isn't good. Maybe it is greedy to want to be successful. I think people were criticized for working hard.
Starting point is 00:06:54 I think we pushed so far to one extreme that I see a rebound that is massive. Right now, each month, more people are registering new businesses than ever before in the history of America right now people are saying enough BS, I want to do my own thing. I don't want restrictions. I don't want a glass ceiling. I don't want someone with their thumb on my head I don't want someone to adjust my calendar I'm gonna gain the skills game the capabilities and get your version of the American dream
Starting point is 00:07:20 I think the American dream is just hope with a path I think the American dream is just hope with a path. We hope we can have more, find somebody who's already done it and go all in to reach our full potential. That's my belief and I love, I'm blessed to do for a living along with my partner Tony Robbins is just help people sometimes take off the facade, take off the locks, the blocks, the limiting beliefs, the imposter syndrome, and just see you for who you are when you look in a mirror
Starting point is 00:07:45 and go, I'm more than this. I know I'm meant for more. I know I can do more. I'm enough. I know enough. I can do this. I just need a path. And I love helping people find that path, just like you do,
Starting point is 00:07:56 or you wouldn't be doing this podcast. 100%. And I love what you're saying because it's so true. Life is easier now. It's easier for entrepreneurs. It's never been easier to become an entrepreneur. We've got all these new technologies and advantages and opportunities.
Starting point is 00:08:11 And like you said, my dad came to America and he told me a story. All he came was he had a chicken that his grandma gave him or something when he came to America. And then he became a doctor and a surgeon and all these things and he started from nothing. So similarly, I feel like I had no excuses.
Starting point is 00:08:28 I grew up with, oh, I have no excuse. My dad came here. All he had was a chicken. You know what I'm saying? So it's like, it's a very similar thing. So let's talk about these new opportunities and advantages that entrepreneurs have. Why is the barrier to entry to becoming an entrepreneur so much lower than it was before? Let's just talk about technology.
Starting point is 00:08:48 If you're born with something, your dad, right? Where did your dad leave? Palestine. I'm Palestinian, 100% Palestinian. Yeah. Amazing. Amazing. I was trying to figure that from your name.
Starting point is 00:08:59 I was guessing that. Amazing story, right? But think about your father had his share of obstacles that you can't relate to. You weren't born with those. My children aren't born with the obstacles my grandfather had or some of the obstacles I had, right? They're born in a different era.
Starting point is 00:09:15 So when you're born and things are at your fingertips, your brain automatically goes to what's missing, what's lost, how hard is it, right? Politics are so insane right now all across the world, especially here in America. It's ridiculous, right? So our brain goes, oh, with this political, oh, with this, oh, there's too many people online, oh, AI could crush us, AI is going to put us out of business. And our brain only defaults to what we know.
Starting point is 00:09:41 Could you imagine your dad, if someone said, hey, you have the opportunity to go online to start a business with your phone, you could find ideal clients. Your father would be like, this is the greatest thing in the world. He had a chicken and had to put himself through school. It would have seemed amazing. He would have been grateful every day.
Starting point is 00:09:58 But if you took two generations later, maybe your children who are just brought up with all of it, their brain is gonna find what's missing. So I know that's philosophical. I'll get more tactical in a minute. But first, we have to adjust our thought process instead of saying, oh, it's really hard. No, it's not. If you want to go ask your grandparents, if you have grandparents alive, ask your grandparents how they had to get by in life. I guarantee you're going to go, wow, I'm pretty damn lucky. I'm going to give you an example in my industry. I just want to be specific go. Wow. I'm pretty damn lucky. I'm gonna give you an example in my industry
Starting point is 00:10:25 I just want to be specific for a minute I bought Tony Robbins who's now my dearest friend and partner, but I bought his course 27 years ago before a lot of people listening were alive. I'm actually 28 years ago So I bought his course at that time. I worked on cars. I had a tow truck I had apartments, but I buy Tony's course and it shifted my life. It made me realize I gave Tony money for information. It shifted my life. I wanted to be in that business.
Starting point is 00:10:50 So 27 years ago, I shifted everything. That's why I'm in this industry. But I wanna share something. When I first started in this industry, so using this as a comparison, say you wanted to do what I do, what Tony does, what so many people are doing, and you wanna impact others with your life experience, a talent you have, a skill you
Starting point is 00:11:06 have, a passion that you have. When I started 27 years ago, I had to produce an infomercial because there was no internet. People are like, why did you do infomercials? It's like some old, like there was no internet. So I had to produce an infomercial, which was $150,000. And I used credit cards to get half that done. I had to get product built. This was when there was DVDs and cassette tapes
Starting point is 00:11:28 and booklets. I had to get product printed and I had to put it in the warehouse and tapes and DVDs. I had to hire a company to ship it. Then I had to pay $50,000 in TV media just to get a test. So I was in over $200,000 and I was selling a $37 course. My family's like, you're
Starting point is 00:11:46 an idiot. How many of those $37 courses do you have to sell just to get your money back? All of that had to happen. Fast forward today. You could literally use AI to help you unlock your life experience, to turn it into a coaching program or a course or a workshop or a monthly membership. You literally could do that in hours. You could get the framework. I would love to know your entrepreneurial journey. When I met you, you wanted to be an entrepreneur. Now you've got 60 or 80 employees and a thriving business.
Starting point is 00:12:14 I would pay anything. I want to know your story. If you were 27 years ago, you'd have to do all things I did. Right now, you literally could go to AI for a day, lay it out, film on your phone, and plug into a system where by the end of the week for the cost of five cups of coffee, you could be online targeting your ideal client and making sales. So if you look at why it's been easier,
Starting point is 00:12:38 things are getting exponentially easier every single day. People say to me, is AI gonna take my job? I'm like, no. People who use AI the right way will take your job or take your career. That's all it is. It's not stealing your job. And everything new, maybe not for a younger generation,
Starting point is 00:12:54 but everything new for a little bit older generation thinks it's the end of the world. Everything can be used for good. Everything can be used for bad. The internet. There's porn and people selling drugs. And there's life transformative information to save the world. It's what happens. It's you get to choose how you utilize this technology to empower you, empower others, impact and grow
Starting point is 00:13:14 faster. So I think you are alive during the golden age. I know it might be hard to see. I know the world is in a crazy place. I know people are uncertain, but hear me. And I'm guessing with your age, your following is in that same demographic. And I'm sure you got variables on each side, outliers, but I wanna share this with you. And I'm not trying to say, I know when I went to school,
Starting point is 00:13:35 it was I had to walk uphill both ways in the snow. I just want you to know, if you can put yourself in a place of, this is what I have rather than this is what I lost. Where can I look for opportunities rather than looking for obstacles? Where can I see where the world is going rather than looking in the mirror of where it was? I promise you there is more opportunity for you right now to thrive. And you're also a part of a generation where we have instant gratification.
Starting point is 00:13:59 So the other little bit of advice, not talking to you like a dad, but other little bit of advice, do not overestimate what you can do in a year. The other way I should say is we all overestimate what we can do in a year and we underestimate what you can do in five. And in the next five years with Focus, look at this amazing woman that you follow. I was on her in 2020. It's not even five years yet because of determination, because of stick it, look how this woman's life has transformed. But if she would have judged, let me ask you, if you don't mind me putting that,
Starting point is 00:14:31 if you would have judged this whole experience six months in. You're so right. If I would have looked back six months after starting, I would have seemed like I made no progress, but I started as a podcaster, right? Three years later, I had an award-winning social media agency. Five years later, I have the number one business and self-improvement podcast network, and they call me the podcast princess, right?
Starting point is 00:14:53 So literally five years later, I'm dominating my entire industry as the number one female podcaster, and I represent all the top business podcasts, and I make 30% of all their sponsorships, basically, right? So to your point, so much can change in five years if you just focus and you're consistent. I love it and I love your such proof of that
Starting point is 00:15:12 and I want people to look behind because let me just ask you, was there a time in the first year where you said, I don't know if I should be doing this? 100%, the first two years, I was growing on LinkedIn and platforms, but pretty much stagnant growth. I was getting big guests, but I couldn't really see the light at the end of the tunnel. I was really becoming an entrepreneur and realizing that, hey, I can monetize my podcast
Starting point is 00:15:34 in other ways and then reinvest into my dream and ultimately get what I want, but maybe not in a straight path. Thank you for that honesty. I don't mean to be interviewing you, but I want to ask you a couple more questions. No, it's great. And any of that time that anyone in your family say, Hala, are you sure you're doing the right thing? Yes. I mean, I had to actually break up with my ex-boyfriend
Starting point is 00:15:54 because he didn't want me to become an entrepreneur. He was happy with me being a podcaster, but as soon as I started a business, and it was basically my husband, right? So I had to break up with my long-term partner. You questioned yourself, questioned your finances, people who loved you questioned you. And was there ever a moment where you just said,
Starting point is 00:16:13 I got a bail and you started researching, where should I go? Should I go back to a secure job? Should I do podcasting on the side and get a nine to five? Only reason I'm sharing this, you're shaking your head yes. The reason I'm sharing this is because I want all of you to know to do your own thing. Everybody sees the end result. Ogman Dino, he wrote a book called The World's Greatest Salesman. He said, you got to remember that the prize is at the end of the journey, not the beginning.
Starting point is 00:16:39 And you don't know how many corners you have to go around until your prize is there. Meaning in my opinion, that is, or my observation is that's like, you don't have any corners of obstacles, overcoming your parents, overcoming someone leaving you because you wanted to live into your full potential, overcome the self doubt, overcome the imposter syndrome, another corner, another corner, and sometimes you go around six corners, you go like, this one was so hard and you get around the corner and there's still another corner. You're like, oh my God, when is this going to happen?
Starting point is 00:17:04 But that's only when you're in it. When you're in it, it seems like forever. Now I'm sitting here having a conversation with you. I bet you look back and go, oh my god, I got to this in four and a half years. It is lightning speed. And here's the part you got to realize. And if any of you have children, I love to think about or say the truth. You probably missed going out with girlfriends at certain times, maybe missed on some dating opportunities, missed out on some family functions. You have a friend, I will bet my life,
Starting point is 00:17:32 you have a friend that go, oh, you're too busy with your company, you don't even call me anymore. I guarantee you have one. 100%. Okay, those same people are gonna look at you in three or four years and go, oh my God, I used to know her. I wonder if I could get some information
Starting point is 00:17:48 on how I could do what she did. What I'm saying is everybody wants the outcome of where this amazing woman is right now, where she's gonna be over the next 10 years, but most people aren't willing to do the work, so I'm just gonna tell you to say, do the work. Don't expect it to happen in three months or six months or a year.
Starting point is 00:18:03 Here's something really important. Somebody just asked me last week about what's the fastest way to success? It's like, oh my God, you know now. There's a million things that you never thought you had to think about that you do, but if I had to boil it down to a few. Number one, model proven practices. Find somebody who's already done what you're doing
Starting point is 00:18:21 and model what they're doing. Have them be a mentor, get in their coaching program, just obsessively observe everything they're doing. There is no reason in today's world to start at zero when somebody is already doing what you wanna do. Start off where they left off and then make it yours, number one. Number two, you need a big enough purpose.
Starting point is 00:18:40 If your purpose is I wanna get rich and buy the watch and go on vacations, I promise you there'll be a point where you go, ah, it's not worth it. But when you have the opportunity to go deeper and say, hey, my father came with a chicken and transformed his life. I want my family to see. Maybe in your life, I'm not putting words in your mouth. I want a partner that sees my worth as a human, as an entrepreneur and fuels my entrepreneurship. I am not going to stop that because I I'm gonna attract a man or a partner
Starting point is 00:19:06 that loves me for exactly who I am. We need something so big that when you get turned down, when you're six months in, when imposter syndrome kicks in, when a boyfriend breaks up with you or a parent tells you you're crazy, something so big that you go, I hear you, but I'm not stopping.
Starting point is 00:19:21 And then the third thing is you just got to keep persisting. You got to keep going around corners. Some of us have to go around three corners. Some of us have to go around 30. But if you persist, you will succeed. There's no way around it. Let's hold that thought and take a quick break with our sponsors.
Starting point is 00:19:39 YapBam, we launched Yap Media four and a half years ago. And that was right when COVID was happening. I love having the freedom of working wherever I want, but to be honest, I've been getting burnt out from the whole working from home thing. I am sick of it. And although I'm on call to call, I talk to people every day, there's something about face-to-face interaction. I want to feel everyone's vibes.
Starting point is 00:20:02 I want to feel the energy of the room. And I knew that something had to change. If I wanted to be my most productive self, I needed to be able to go somewhere to work with other like-minded people. So I was on a mission to find the best coworking space for me, and I found Industrius. Industrius delivers coworking spaces
Starting point is 00:20:20 and flexible office solutions, and they've got everything you would need from private offices and suites to coworking, dedicated desks and on-demand meeting rooms. Industrius has locations all over the world, the US, UK, Australia, you name it. And my favorite thing about Industrius is the community. They have a really friendly staff, first of all.
Starting point is 00:20:38 And second of all, all the people that I bump into at Industrius that mingle with seem to be rock stars. They're all entrepreneurs like me, startup founders, solopreneurs who are crushing it. They're smart, they're stylish, and it's just the right kind of energy that you want in a work environment. And as an adult, it's so hard to find like-minded people and to find your community. If you're an entrepreneur or solopreneur or freelancer and you've been working from home these past few years and you feel like you're in a rut, maybe it's time to start coworking at Industrius.
Starting point is 00:21:08 Industrius actually found out that I have a popular podcast and they gave me a nice gift from my listeners, a free week of coworking to try Industrius yourself. If you wanna give Industrius a try, visit industriusoffice.com, click join now and use code profiting to redeem a free week of coworking when you take a tour. Again, that's industriusoffice.com, click join now and use code profiting to redeem a free week of co-working when you take a tour. Again, that's industriousoffice.com. Click join now and use code profiting to redeem a free week of co-working when you take a tour.
Starting point is 00:21:32 That's industriousoffice.com and use code profiting for a free week of co-working. And who knows, maybe we'll bump into each other. Young and Profiters, my company YAP Media is growing fast. We're onboarding client after client, we're landing a ton of huge deals, and my team just can't keep up. I knew we needed to hire new employees to support my team, but I didn't want to waste my time sifting through candidates
Starting point is 00:21:55 who aren't good fits for my company. That's why I let Indeed do a lot of this heavy lifting for me. Indeed is the powerful hiring platform where I can attract, interview, and hire all in one place. Indeed has things like skills assessments, where when we have specific roles, we can find an assessment that matches that role and we can make sure they have the skills that we need.
Starting point is 00:22:18 And Indeed streamlines hiring with powerful tools like Instant Match. And Instant Match basically matches you with candidates as soon as you put up a job post with people who are qualified right away, it's instant. According to US Indeed data, the moment Indeed sponsors a job, over 80% of employers get candidates
Starting point is 00:22:35 whose resumes are a perfect match for the position. It's like waving a magic wand that gets better as you use it. One of my favorite things about Indeed is that you only have to pay for applications that meet your requirements. No other job site will give you more mileage out of your money. According to Talent Nest 2019,
Starting point is 00:22:53 Indeed delivers four times more hires than all other job sites combined. Join the more than three million businesses worldwide who count on Indeed to hire their next superstar. Start hiring now with a $75 sponsored job credit to upgrade your job post at indeed.com slash profiting. Offer is good for a limited time. Claim your $75 sponsored job credit at indeed.com slash profiting. Again, that's indeed.com slash profiting and support the show by saying you heard about it on Young and
Starting point is 00:23:21 Profiting podcast. Again, it's indeed.com slash profiting to get your $75 credit. Terms and conditions apply. Need to hire? You need Indeed. Yeah, bam, many of you guys listening right now probably found me on LinkedIn. I've been crushing it on the platform for six years now,
Starting point is 00:23:43 and I'm one of the biggest influencers on there. and I also teach one of the most popular LinkedIn classes. One of the things that I love to teach about LinkedIn is sales because LinkedIn is where it's at when it comes to B2B sales. LinkedIn ads allow you to drive results and reach your customers in a respectful environment. And that environment is very wealthy and has a lot of decision-making power. There are 180 million senior-level executives and 10 million C-suite-level executives on LinkedIn. These are highly educated people who are open to learning about how you could solve their
Starting point is 00:24:17 problems. And that's why advertising on LinkedIn is a no-brainer if you're in the B2B world. In fact, 79% of B2B marketers rate LinkedIn as their top channel for paid media. And LinkedIn has the best targeting. LinkedIn is so different from other social media platforms because they've got all these different inputs. People are putting their resume basically up on there. And so there's so many keywords that they can use to target the right decision makers.
Starting point is 00:24:44 So it's really great at targeting. And I've got a special gift for all you young and profiteers who want to try LinkedIn ads. You can get a hundred dollar credit. LinkedIn was super generous. If you want to make B2B marketing everything it can be and get a hundred dollar credit on your next campaign, go to linkedin.com slash yap. Y-A-P. Again, if you want to claim your credit, go to linkedin.com slash yap. Y-A-P. Again, if you wanna claim your credit, go to LinkedIn.com slash yap,
Starting point is 00:25:06 terms and conditions apply. I love it. I'm sure you got everybody tuning in fired up about being an entrepreneur if they're not one yet. So before we get into more information about entrepreneurship, I did wanna talk about your event coming up. So it's June 13th, June 15th.
Starting point is 00:25:25 Who should be going to that event? It's called The Game Has Changed. It's co-hosted with Tony Robbins. Who should be going? What are they gonna learn? How can they sign up? Yes, thank you. I'm so stoked.
Starting point is 00:25:35 We're only a short time away from this. We do one a year, but this is unlike anything we've ever done before. We're gonna have over a million people signed up, which I can't wait, because the game has completely changed. Who should sign up is if you're the investigator. I like calling someone who's unfulfilled in their current career or tried something that's not working and you know you're meant for more. You just don't know what to do and where to start.
Starting point is 00:25:57 Come investigate. It's free. It's three days, about three hours a day. I promise you it'll be the greatest event you've been a part of because you'll see opportunities if nothing else that will inspire you that you know you need to do more. The second I'm going to call the part timer. You're kind of an entrepreneur. You're kind of not. I don't want to call you a dabbler, but every time you're in, every time it gets a little rough, you bail back out to something you don't like. And then you realize you don't like it and you're like you dabble with something else. There's no dabbling. The only way is to go all in, burn the boats. So if you're the dabbler part-timer, you need to come.
Starting point is 00:26:32 And if you're in business and it's time to scale, come learn why you should have an information product attached to your business. It'll be when you start doing business and you do already, you realize you've got a profit and loss statement, your P and L it'll be the most profitable thing on your P and L statement. So who should come? The investigator, the part-timer, a person in business. And we're going to show you over the next over three days is how your greatest asset is your life experience, a skill, a passion that you have and how to extract it,
Starting point is 00:26:56 how to turn it into a product, how to find your ideal client, how to turn it into a real business, how to deliver it with passion and confidence. This is what Tony and I have done collectively for 74 years, Hala, and we're at a place in our lives where we just want to shake everybody and go, please look at this. This industry is at a billion a day. It's headed towards a trillion a year and it needs excited entrepreneurs who understand the process of putting out wisdom. The last thing I'll say is we are drowning in information, but we are starving for wisdom. The last thing I'll say is we are drowning in information but we are starving for wisdom and when you know the difference of putting something out
Starting point is 00:27:29 there that actually gets people benefits it actually lets them reach their desires you stand out and with 74 years experience we know how to show people to do that with confidence. Yeah you totally do you guys have sold some of the biggest online events out there and that's basically what you're teaching how to put out digital products. Exactly. How to create information, digital products. And every single one of you, you might be thinking, I have nothing to offer. Not true. Every one of you has something someone else needs and wants right now. And I think it's the great equalizer.
Starting point is 00:28:00 I think it's a way to start. I think it's a way to on ramp into something new while you're off ramping in something you don't like. You don't have to jump in all at once. And I'm sure it's in the show notes, but we have a link where everyone can register for free. It's Dean and Tony live.com forward slash Hala H A L A of course. So Dean and Tony live.com forward slash Hala and you can register for free. We're really stoked. Awesome. So like he said, it's gonna be in the show notes.
Starting point is 00:28:28 So Dean, let's stick on this topic for a little bit in terms of how people don't have to choose between their career and their passions anymore. There used to be a day where to make money, you just had to do hard work, didn't necessarily mean you liked to do the work, but it was what was available. And that's really not the case anymore
Starting point is 00:28:45 So how have things changed from the past in terms of this? Such a great question I could sit and chat with you for hours because the main reason we call that the game has changed Just because of that people used to think to get successful I have to find a way that makes money even if I like it or I don't Sacrifice myself completely and just hopefully make the money. That has changed exponentially because of technology, because of AI, because of the ability to learn at a fast pace, to be able to get product and testing out like that at
Starting point is 00:29:15 minimal cost. All of those things have changed. That's why we named it The Game Has Changed. But I think the most important thing, and I can see in the interviews, because I watched a few of your interviews before so I can get to know you even a little better since it's been four and a half years, I think we've been taught and told the biggest lie when you hear people say we must have work-life balance.
Starting point is 00:29:37 I think that's the biggest crap in the world. Do you know anybody that has work-life balance? I think that's shared with people because people didn't like their jobs. Over 50% of people are in a job that they hate. Not dislike, they hate it, right? So they're in a job that they hate and it's like, I must balance.
Starting point is 00:29:52 I can picture somebody like at the front door before they walk in like, I gotta balance. I'm gonna walk through the door with a smile. Ah, I need this balance, I need this balance. It never works, right? If you're having a bad day at work, you carry that home. Things aren't going. If your boss has got his thumb on your head or a bad day at work, you carry that home. Things aren't going.
Starting point is 00:30:05 If your boss has got his thumb on your head or her thumb on your head, you carry it home. So what you've discovered, and you probably know this, I'm just going to put a term to it, is life-work integration. When you have the opportunity to do something that empowers you, we're working right now, both of us. This is a blast. I'm having a time in my life. It's always fun, yeah.
Starting point is 00:30:23 We're working. This is our work, right? and if you inspire me today or I'm watching some of your other podcasts and I get inspired and I'm in a better space and I see a breakthrough and I see I could live into my full potential when I go home to my Wife, I'm a better man when I play with my kids. I'm a better father and The wish I would wish I could grant the reason we're doing this live event is to show you that you literally could have a life, not a pie in the sky, not get rich for doing anything, but you could have a life where you don't care and you don't know where work ends and life begins because you're growing as a human in both of them. And that's why we call it the game has changed and COVID proved that when COVID came, we were all home, that's when we did our last interview. A lot of people didn't go back because they're like, I'm not going back.
Starting point is 00:31:06 This is a group that makes me feel bad about myself every day that stops my innovation. But most people didn't know where to turn. And that's why Tony and I all screamed for mountaintops to give people a path and a plan to do that. Yeah. So what about normal people, right? People who are not me or you, they don't have a platform.
Starting point is 00:31:24 Why do you think that they have something to teach other people? How do they know when they do have something to teach other people? Really great question. I know a lot of you are young on here. Listen, but let me just ask you, and I've asked a lot of people this. When people say to me, I'm not sure my life experience is valuable. I say, if you had the opportunity to go back and spend one week with your 18 year old self, and for that one week with your 18 year old self. And for that one week that your 18 year old is going to sit and listen to you for a week. I've asked with a million dollars, I've asked with a hundred thousand.
Starting point is 00:31:52 I said, if you had a chance to go back and spend a week with your 18 year old self and you could bring back any information, here's the business you went. Don't get in that relationship. Don't look at the lens of relationship. Don't replicate what your parents did. Think of all the things you would tell your 18 year old self Think bigger don't let other people get in your mind Maybe don't go to college go right into entrepreneurship and find specialized knowledge go mentor for somebody take a deep breath
Starting point is 00:32:17 You don't need to be married by 25 like all the things that you would do I say would you choose if I could wave a magic wand and put a million bucks in your bank account or send you back for a week with your 18 year old self? 99.9% of the time, everybody always goes, oh my God, I would go back and talk to my 18 year old self. My life would be better, I'd be happier, I'd be more fulfilled, I would change my exercise,
Starting point is 00:32:38 I would change the way I looked at relationship, the way I looked at entrepreneurship. That's worth hundreds of millions. You gotta realize the life experience you've accumulated is that valuable to someone else who's just starting off. If you went through a bad breakup and found yourself after, somebody's starting the breakup. You might wanna create a program
Starting point is 00:32:55 or a community based around that. If you got good at sales, if you got good at podcasts, if you got good at anything, you are one step ahead of somebody who's starting on zero. You get to collapse time. And that's what all of us want. We want time. We want to fastest.
Starting point is 00:33:09 Smart entrepreneurs cut checks for speed. That's just it. And you have the opportunity to collapse time for other people. By day one, everybody's going to know, oh, I do have something and this is what it is. Yeah, I love what you're saying because it's so true. For instance, AI. AI just came out a year ago for the public. If you've mastered AI in the last year, you're already so much far ahead of everybody who
Starting point is 00:33:33 hasn't even thought about it yet, and you can turn that into a product. Just even having a year of experience. You are so 100% right, especially everybody over 40 is struggling with AI. Everybody under 40 is part of their life. My kids, my 17 and 15 year old son use it every day of their life, right? Where my dad, I got to explain to him every five minutes on how it's not Google, it's different and show him how to ask questions. So great example, great example.
Starting point is 00:33:59 Yeah. Okay. So we talked about some of the opportunities, the fact that technology is moving so fast, it's easier than ever to become an entrepreneur, to sell something online. But let's talk about some of the challenges. And I know one of the big challenges is inflation. And when I think about inflation, I think about groceries, right? I don't really think about entrepreneurship.
Starting point is 00:34:18 So how does inflation impact entrepreneurship? I'm just going to quote Warren Buffett, not not quote but share some of the things he said. He said, during high inflation, if you have a business that relies on buying product and having it shipped, you can get slaughtered because gas prices can go up, the cost of storing it goes up, and the cost of the product goes up.
Starting point is 00:34:40 So if you have small margins, if you're buying something for 20 bucks and you're selling it for 30 bucks, all of a sudden gas prices, margin shipping goes up, your profit is destroyed. They say if you're a carpenter and you have a hammer, everything looks like a nail. So of course I'm going to look through the lens of my business, my industry. Why I love what you're doing right now is right now you are providing value to the world. You have sponsorship, your company's there to make money. It should, you should make a lot of money
Starting point is 00:35:06 for the lives you're changing. I hope you make more than anything on the planet because you're impacting lives for a living. But right now, you're not paying for a product. You're delivering this through social media platforms that don't cost you anything. Your cost of goods is zero. Of course you have to have a studio,
Starting point is 00:35:22 you have to have someone help you, I get all that. But you're not putting product in a business and you don't know if inflation is going to destroy you. You own a grocery store right now. You are screwed. People are mad that the prices go up and your margins are going down. You can do nothing about it. You're choked. Why I love the information industry is because your product costs nothing. You don't have to store it. You don't have to warehouse it. Inflation doesn't impact it. And it's one of the most valuable assets you can deliver to people. To me, it is inflation-proof, and simultaneously you can grow.
Starting point is 00:35:51 You hired, did you say you're at 60 people? 60 employees, yes. Amazing, amazing, right? If we get to sell information and grow, then we hire other people, we can pay them better, and we help reduce the stress of inflation. That's awesome in terms of inflation. So traditional business models are not doing as well as new business models that are online because of this inflation, because you have to have products,
Starting point is 00:36:16 store it. We basically have free distribution now. What other challenges do you think entrepreneurs are facing right now? I think the biggest challenge, and this is just my age is determining this, I think our biggest challenge is the stories that are going on inside of our heads. In all my years in partnering and fortunate to meet some amazing entrepreneurs
Starting point is 00:36:37 and multiple billionaires, and I don't say like, look at me, but you see you can't help and you do this because you're interviewing so many great people. You are seeing trends. That's why you're doing so well in your business. It's a great business model, by the way. You're interviewing incredible entrepreneurs,
Starting point is 00:36:50 and then you take what you learn and input it in your own business. Brilliant, right? Brilliant. But if you see the entrepreneurs who thrive, especially when things are changing, it's because they're working on their personal development. They work on their personal growth.
Starting point is 00:37:03 They work on their thoughts. They work on their personal growth. They work on their thoughts. They work on their emotions. Because during uncertain times, I would say we are in those, our brains can start focusing on what could go wrong. Our brains start focusing on how to protect, how to play goalie. And a lot of times when things shift,
Starting point is 00:37:21 you can't play goalie, you can't protect, because if you're not climbing, you're sliding. That's a fact. So a couple of things, and I would write these down. Number one, you must protect your confidence. In a shifting time, in a crazy time, in a time you want to grow, you have to protect your confidence. You've never made a good decision
Starting point is 00:37:37 when your confidence is down. You didn't get the date, you didn't get the relationship, you didn't get the job, you didn't get the sale. You got nothing when your confidence is down. You know that. So you have to focus on anything you can. Borrow confidence from the past. Borrow confidence from a great podcast. Borrow confidence from an incredible book.
Starting point is 00:37:54 Borrow confidence from a mantra. I can do this, I can do anything. God gave me a gift and I'm gonna bring it to life. Whatever it is you need to do, you gotta work on your mindset because, again, not quoting simple quotes, but Henry Ford said, if you think you do, you got to work on your mindset because again, not quoting simple quotes, but Henry Ford said, if you think you can, you will. And if you think you can't, you won't.
Starting point is 00:38:11 So it doesn't matter if you have the greatest business, if you get in your head, you're dead. If you get in your head thinking this is going to go wrong, inflation is going to kill me. What's going to go on with this election? You're focused so much on the outside, your business suffers. So for me, I would say go upstream and work on you. Become unstoppable. Have a mind that you can question the negative thoughts.
Starting point is 00:38:31 You can observe and say, I get that part, but I'm going after the opportunity, not the obstacle. I'm going to focus on what I have, not what I've lost. I think you need to be a warrior inside your mind right now more than any other thing. Because once you have that, I would absolutely go with someone with an unstoppable mindset and a C opportunity than someone who's scared with an A opportunity. Yeah. The number one job of an entrepreneur is to sell, right? And if you have no confidence and you get on a sales call, you're not selling anybody
Starting point is 00:39:04 to join your team, you're not selling anybody to join your team, you're not selling anybody to buy your products, and you need to be able to sell and have confidence. So let's talk about worst businesses and best businesses to start right now, what's your opinion? The way things are right now, I would not start anything that takes a huge capital call. If you have to finance your house,
Starting point is 00:39:23 if you have to get credit cards, if you have to borrow money or use your savings or tap into your 401k to put a lot of money out, I would honestly pause on that. I would pause on crazy spending right now. I know you didn't ask me that. I would pause on buying the brand new car today. I would pause on buying the really fancy watch. I would pause on buying the bigger house right now. I would pause on that just to see where things are going. But don't pause on your innovation. Don't pause on your creativity.
Starting point is 00:39:49 Don't pause on your energy. I would pause on putting money into any company that takes a huge upfront and if it's got huge product costs. So that's a must. And on the opposite side, I feel like I just keep coming back to my thing, but there's other businesses like that. What businesses can you start with your own time and effort? What businesses can you start without a huge outlay of cash to get the first momentum,
Starting point is 00:40:12 to get the first sales, to get things going? What things can you do to allocate resources, minimal resources to spend a little and get a lot back and get proof of concept? Here's what I'm just saying. If you're in a place where I'm going to quit my job and go all in, I would say find something where you can do a little bit at a time. So you can see it's working. And then when the new thing is replacing the income of the old thing, then you can decide to transition.
Starting point is 00:40:37 That's the time and life we're at. Now, if you're saying, I don't have time for that, I'm going to jump ahead here. I got, I could just picture people saying I'd love that But my job keeps me so busy. Here's what I want to say Obsess over the next couple of days and create a not to-do list We all have a to-do list create a not to-do list and here's what I would suggest Realize your job or the thing you're doing right now is just a stepping stone in your life It's not forever. If you do that, you'll appreciate it more. Because right now, if you're like,
Starting point is 00:41:05 oh, I hate my job, I want to do this thing, it doesn't usually work that way. Because how you do one thing is how you do everything. So you gotta go, don't love this job, but I love it for now, because it's gonna be my launching pad. That's number one. Number two, I would make a list
Starting point is 00:41:17 of all the activities that you do. Hear me on this one. Four different buckets. Bucket number one on the activities you do are non-negotiables. For me that would be date night with my wife, spending time with my kids, bringing them to school. There's non-negotiables.
Starting point is 00:41:31 I'm not stopping doing them. I'm not missing tennis matches. I'm not missing softball practices. I'm not non-negotiable. So once you have your list of non-negotiables, number two is what can I automate? What things do I work on that I could do auto pay? I could have my dry cleaning picked up or groceries delivered.
Starting point is 00:41:47 What can you automate that buys you back time? So I'll buy back a little. Number three, what can you delegate? Are there things I could get a $5 an hour assistant online or Fiverr or what are some things I could do with a virtual assistant or with people in my family or my cousin or my brother? What can I do to delegate some of these things to buy back some more time?
Starting point is 00:42:07 The fourth is the most important. What must you eliminate? What do you have to stop doing? If going out with your girlfriends, have a couple of drinks and all of a sudden you realize you wasted three hours of your time and you really didn't accomplish much. Maybe you got to spend the next three months without that. The last time you got on your phone and said, I'm going to serve for a minute and you're on for an hour. Maybe you got to stop that. The last time you got on your phone and said, I'm gonna serve for a minute and you're on for an hour.
Starting point is 00:42:25 Maybe you gotta stop that. Last time you binged on Netflix. Maybe you gotta stop that. And you see why the purpose is so important because you need something bigger to go, screw Netflix right now, the hell with this, I'm not gonna do this. So you need to know what you can eliminate.
Starting point is 00:42:38 And the easiest way to say, to eliminate it, is does this serve the woman or the man I wanna become? Or does it not serve the man or the woman I want to become? If it doesn't, you gotta cut it. There's no gray. You gotta get rid of the gray. Gray is for people who are stuck
Starting point is 00:42:51 and they drift their whole life. So the heck with the gray. If you really could say these are non-negotiable, I'm gonna automate these few things, I'm gonna delegate some of this, I'm gonna quit doing this, guess what? Three or four or five hours a week open up. You spend those three, four, or five hours a week
Starting point is 00:43:06 on your new project and obsess on it. Sacrifice today, miss a few things today, say no today to other people because then in a year or five years now you could say yes to frickin' everything and then start working on the new thing when the new thing replaces the old thing, there you go. Really, really smart advice and I have to say
Starting point is 00:43:24 that I did that as well. I remember for four years, I didn't watch any TV. I didn't even post on Instagram. I focused on LinkedIn for my job and my podcast. I didn't really go out much on the weekends. I just sacrificed. But then four years later, I'm able to manage my schedule. I do whatever I want.
Starting point is 00:43:42 It can be temporary sacrifice. It doesn't have to be forever. And if you're in a career you hate, that's a lifelong sacrifice. I'd rather sacrifice hard for four years to live 60 in a really abundant way. We'll be right back after a quick break from our sponsors. Yeah, Pam, I bet a lot of you out there are thinking about and dreaming about starting a course. You've got something to about and dreaming about starting a course. You've got something to teach and you wanna scale yourself.
Starting point is 00:44:08 You wanna go from one to one to one to many. That's how we'll become young and profiting. And if you wanna start a course, then you've gotta hear about Kajabi. Kajabi is the OG of course platforms. I've got creators in my network like Jenna Kutcher and Amy Porterfield who have been using Kajabi for over a decade.
Starting point is 00:44:30 They are literally the course queens. Now I took a page from their playbook because I'm launching a podcast course later on in the summer and I need a whole suite of features that I didn't need before for my other course. And so far my experience with Kajabi has been awesome. They've really thought of it all. No matter your niche,
Starting point is 00:44:51 Kajabi makes it easy to turn your skills, passions, and experiences into enriching online courses, exclusive membership sites, subscription podcasts, thriving communities, personalized coaching, and so much more. One of the best things that I did when I launched my first course was focus on the content rather than the tech.
Starting point is 00:45:10 I wanted to make sure I had A1 content so that people would tell their friends, so that people would feel like they made a great investment, and so I wouldn't get any refunds. My reputation was on the line. And so if you wanna create a course, you gotta focus on the content. Leave all the hard stuff to Kajabi.
Starting point is 00:45:26 They can help you set up your course. And as you guys may know, when it comes to softwares on my show, I use them all. And I also make sure that they always offer us a free trial. And Kajabi was super generous. They've given us a 30 day free trial. So if you wanna try Kajabi for free,
Starting point is 00:45:44 you can go to kajabi.com slash profiting. Right now, Kajabi is offering a free 30 day trial to start your business. And you can go to kajabi.com slash profiting. That's K-A-J-A-B-I dot com slash profiting. Again, that's kajabi.com slash profiting and join the creators and entrepreneurs who have made over $7 billion.
Starting point is 00:46:05 Young and profiters, it's never been a better time to be an entrepreneur. With inspiration at our fingertips and powerful tools at our disposal, the possibilities are endless. And when it comes to tools that can truly make your business grow, there's one name that always stands out, Shopify. Shopify is the global commerce platform that helps you sell at every stage of your business, whether you're selling your first product,
Starting point is 00:46:31 finally taking your side hustle full time, or rocking a multimillion dollar business. Shopify helps you sell everywhere, from their all-in-one e-commerce platform to their in-person POS system. So whether you're selling online or in-person, Shopify has you covered, no matter how you scale. You want to stop those online shoppers in their tracks and turn them into loyal customers
Starting point is 00:46:55 with the internet's best converting checkout. I'm talking 36% better on average compared to the other options out there. It's no wonder Shopify powers 10% of all e-commerce in the US, including huge shoe brands like Allbirds and vegan cosmetic brands like Thrive Cosmetics. And I've actually interviewed both those founders, they're very inspiring stories. Karissa Badnar, the CEO and founder of Thrive Cosmetics
Starting point is 00:47:21 told me how she used Shopify as soon as she launched her business because it enabled her to focus on what she was good at. She wanted to make vegan makeup that performed well, that worked well, and she left the tech stuff to Shopify. That was nearly a decade ago, and now it's even easier to sell more with less thanks to AI tools like Shopify Magic. And you never have to worry about figuring it out on your own. and easier to sell more with less thanks to AI tools like Shopify magic.
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Starting point is 00:48:01 to grow your business no matter what stage you're in. Shopify.com slash profiting. Again, Shopify.com slash profiting now to grow your business no matter what stage you're in. Shopify.com slash profiting. Again, shopify.com slash profiting and that's all lowercase don't forget it young and profitors. So let's talk about how we can actually turn our passions into a real business. What kind of things should we be thinking through? What kind of a roadmap should we have?
Starting point is 00:48:28 First off, I would think of what are some of the things people come to you for? If you put it in buckets, number one is, a lot of us have a career skill. Even if we're in a career we don't like, you've learned something that at one point you didn't know and now you do, whether that's sales or accounting or it's human resources or it's helping people with their mental philosophy,
Starting point is 00:48:50 it's being a leader in your company. Even though you might not like it in your company, when you have the opportunity to turn that into a product and you inspire others, it becomes so rewarding and fulfilling. So I would think, what is your core competency or unique ability you have in a skill or in your business?
Starting point is 00:49:07 That's number one. Number two, we have so many clients that have taken a life experience. We have people who have gone through divorce and they found a way to do a child centered divorce and now they have hundreds of thousands of members helping with divorce. We got amazing women helping women through menopause naturally or trimester four they call it after your baby's born, or just I went, people turned vegan and got rid of all their ailments and now they're teaching people to go vegan.
Starting point is 00:49:32 That is life experience. And sometimes, hear me on this one, sometimes your mess is your best message. I went through a horrible breakup and now I'm a stronger person today than I ever was. I'm going to help people who are just starting out with their breakup. And so many times people say to me, well, I'm not all the way through yet. I got this from Jenna Kutcher.
Starting point is 00:49:51 She's in my network, Jenna Kutcher. Yeah, Jenna became a dear friend and Jenna said, well, people got to realize sometimes your best time to share is when you're in the messy middle because you're in the thick of it, but you're still one chapter ahead of someone else. So if you're a chapter ahead, even though you're in the messy middle, you can help bring people along with you on the ride. And then the last one is something you're extremely passionate about.
Starting point is 00:50:12 I just used my partner Tony Robinson's example. He found out years ago how so many people were getting ripped off in their 401ks and their IRAs. And he got pissed and it became a passion. And he studied it. He's not the finance guy. Tony is the best strategist and business coach but not the finance guy. But he studied it obsessively then he interviewed the best guys in the world and he wrote the book Money Master
Starting point is 00:50:34 of the Game. It's still the number one investing book of our generation and he's not the guy. He became the reporter of other people because he was passionate about it. So you either have a career skill, a life experience or something you're passionate about that someone else is starting off on day one. And that's the way I would start looking at it. And then of course, how to package it, how to deliver, how to find people who want it. That's what we do so well. But that's how I would start.
Starting point is 00:50:59 So one question just to kind of piggyback on it, you just sort of mentioned it, is how do you know if you have a product that people actually want? Because as you're talking about these personal experiences, skills that you have, it's really interesting because I never would have thought of menopause as something that you can teach, but it's so smart because so many women
Starting point is 00:51:17 are going through this, there's probably very little information out there. And even if you're not a gynecologist or something, you might have an experience to share to teach other people that people would actually want and pay for, and there's a large market. How do you know that you have a big enough market for what you're trying to sell?
Starting point is 00:51:33 We actually teach the smaller the niche, the better. Because this thing in our pocket has us connected to the whole world. We only need one-tenth of one-tenth of one percent of people that have our Amazon as long as we can find them. For example, we had an accountant. You think what would an accountant teach? When he was 50 he decided to create his own accounting firm. He worked for somebody else. He started his own business, started doing great and he realized, wow I was stuck as an accountant. I hated it for
Starting point is 00:52:03 30 years. So he created, he doesn't just teach people how to be a better accountant, he teaches young accountants how to transfer into their own business quicker so they can live a fulfilled life. So he doesn't say, I'll teach you how to do your taxes better. I'll teach you how to use a certain spreadsheet. He's like, no, no, no, I don't want you to waste
Starting point is 00:52:20 30 years like I did. Let me teach you young hustler accountants how to get your own firm quicker. Sometimes you think, well, I'm good at sales. Well, what kind of sales? And do you want to help women in sales? Do you want to help women over 50 in sales? Do you want to help young people
Starting point is 00:52:34 learn how to get their first sale? When I first started in real estate, I didn't own strip malls, I didn't own multi-family. I was really good at just getting into my first single-family home and then my second then my third So I taught real estate had the number one real estate education Training in the world nothing even close and all I said all my training was if you're thinking about getting into real estate Let me show you how to get into your first one
Starting point is 00:52:58 not how to do a million flips not how to make a million bucks a month not how to do multifamily and Because our world is so connected, that company, you know, was one of the biggest in the world in that space because I found a niche. So we actually teach people to go smaller. I mean, we've had people doing art classes on how to paint with wolves. I always remember that one. I was like, wait, what was that? She has baby wolves and she teaches you to paint outside because you have the paint that's relaxing,
Starting point is 00:53:26 but you have a wolf laying next to you. That's the energy of a wolf. And she felt the combo was great. That's not my jam. I would never do that. But she sells out her events every month. It's just because right now we are in contact with so many people, we can find our tiny niche
Starting point is 00:53:41 and that tiny niche could still be a million people. Yeah. And I know that the more niche you are, the more that you can charge because you're solving a very, very specific problem. Right. And the confidence goes up. I've always said, the woman who teaches menopause, I just remember it was like, wow, I just, I would never think of something like that.
Starting point is 00:53:59 And I remember being on with her in one of my zoom calls. And I said, your confidence goes up when you're in a room of people that need exactly what you need to share. So if I said, hey, in the next room, we have a mastermind room, if it's 100 people next to me, I'm like, if there was 100 people in there, and I said, hey, there's some men, there's some women, different ages,
Starting point is 00:54:17 could you go teach about menopause? You'd be like, no, that's embarrassing, I'm not going out there. And then if I said, okay, no men. It's just all women Could you go teach like no no because there's young girls. They don't even know what that means They don't know what it feels like I said, okay now there's a hundred women in there between 42 and 50 They're going through menopause. They feel like they're going crazy. They feel like their husband or their partner doesn't love them anymore They have night sweats and they feel uncomfortable. Would you go talk to them? She goes, yes, I'm a warrior for them.
Starting point is 00:54:46 Let me go help them. I like you open up the shirt, your cape is on. You want to go help these women. So the smaller the niche, the more your confidence goes up because you have the breakthroughs for them, right? Where people think I got to help women. No, what women, what group, what transition? That's where our world's at.
Starting point is 00:55:02 Yeah. And to your point, confidence breeds confidence, right? So if you're super focused on one specific problem and you become the go-to person for it, your confidence is gonna go up too. Absolutely. Okay, so one last question, let's talk about AI, because you're talking about how the game has changed.
Starting point is 00:55:19 How has AI changed the game? How do you think entrepreneurs are gonna use AI? How do you use AI? I'd love to know. Yeah. So I think, again, one of those things most of you listening have probably already used it. But how do you sharpen the axe?
Starting point is 00:55:33 How do you sharpen the tool to use it even more? And we know if you ask the right question, you get the right answer. But what I see, for example, what Tony and I are doing, we've created an AI, we've spent the last year working on it, that thinks like Tony and I. We've taken our knowledge, our experience, how do we do million person events, how do we do our marketing, how do we write our emails, how do we get people to show up,
Starting point is 00:55:52 how do we identify what our asset is, and how do we lay out a course, or lay out a coaching program, or lay out a podcast, or lay out a in-person workshop, or an in-person mastermind, and we took our years of experience. I say this, and I know you guys get it, but if someone would have told me,
Starting point is 00:56:07 or any of us 10 years ago, that this would have been real, you'd be like, no way, but it's here. So for example, where I see the niches, where it's gonna really transform is instead of it just being general help, what Tony and I are creating just as an example is, how do you think like Tony and Dean
Starting point is 00:56:24 when it comes to being in this industry? How do I lay out my course? What are the six topics I should teach on menopause or teaching people how to do podcasts or teaching people how to sell? What would you name the product? What would you price the product? What would be the headline?
Starting point is 00:56:36 What would be the first page? What is the pictures? All of those things when it thinks like Tony and I, it gives us the answers in seconds. Even six years ago when we used to teach this, it was probably two or three months to get through all that. Who's my ideal client?
Starting point is 00:56:48 Who should I be targeting? What kind of message do 40 to 60 year old women need to get to say yes? All of that comes out and it thinks like us. It's like having me in your pocket and I got 30 years of doing this. I never would have thought that existed. And sometimes people think it's difficult when really done right, it's simplicity on
Starting point is 00:57:07 the other side of complexity, right? It's a complex. I could never imagine how AI works. But I know if I ask it the right question, the simplicity is it gives me an answer that just saved me a month's of time and research. So it is going to change the game. And those that understand how to utilize it are going to be out in front. Tony and I have been saying, we were just on the phone last night talking about it and
Starting point is 00:57:27 I said, when you understand this, this allows you to have an unfair advantage. It really does. It allows you to be one step ahead. And those of you who are going to ignore it, unfortunately going to be two steps behind. I know that sounds harsh, but it's just a reality. And this is the time to embrace it. Don't stick your head in the sand. Don't think it's going to go away. The the time to embrace it. Don't stick your head in the sand. Don't think it's gonna go away.
Starting point is 00:57:45 The game has truly changed forever. You might as well get the new game plan. Yeah, AI is something that we're heavily focused on. How can we use it? Cause to your point, everyone's gonna be using it and be like light years ahead of us if we don't figure out how we're gonna leverage AI for ourselves. Absolutely.
Starting point is 00:58:02 All right, so this has been such an incredible conversation. Again, guys, the Game Has Changed event is June 13th to the 15th. We're going to stick the link in the show notes if you guys want to check it out. That website again is Dean. It's Deanandtonylive.com forward slash Hala. Okay, perfect. And it is free. I just got to share.
Starting point is 00:58:20 But the last thing I'll say is it's free, but can you pretend you paid a thousand bucks for it? Because in my experience, when don't pay sometimes you don't pay attention Tony and I get ridiculous amounts of money for events and consulting I get $250,000 a day for consulting. I don't say that to brag. I can't believe it I pinch myself sometimes but this is truly free and just put a value in your head. I promise you it'll be an incredible Experience and it will open your eyes to some really amazing things. Yeah, I've been to these events.
Starting point is 00:58:49 They're incredible. They're no fluff. You're actually going to learn things and as entrepreneurs, you really need to figure out how to put on these digital products. It's very important. So hopefully you guys go. So Dane, two last questions that I end all my shows with and it doesn't have to be about today's topic.
Starting point is 00:59:04 You can go wherever you want to go. What is one actionable piece of advice that our young and profitors can do today to become more profitable tomorrow? I'm going to go back to what I already shared with you. I would today make a list of all the things you do on a weekly basis, and I would get rid of the things that don't serve the man or the woman you want to become. Sacrifice a little today so you can have just an abundant life forever. Great advice. And what is your secret to profiting in life?
Starting point is 00:59:31 Money without fulfillment is the emptiest thing in the world. So work on you as much as you work on your business. Jim Rohn, an old personal development trainer, is the one that got Tony Robbins in this world. He said, for things to get better, we have to get better. And I think if you just work on the money part, you might miss the most important part of love, family, connection, children, if that's what you so choose.
Starting point is 00:59:53 Don't sacrifice one for the other because the fact of the matter is if you have more joy in the journey of entrepreneurship, you will get there faster. And where can everybody learn more about you and everything that you do? I would say just, you can find me on Instagram at at Dean Graziosi.
Starting point is 01:00:08 Awesome, we'll stick all of your links in the show notes. Dean, thank you so much for your time today. Oh, this is amazing. Take care, everybody. Well, yeah, Pam, that was such a phenomenal interview. I love Dean's energy. I love when he's on the show and he always inspires me to be a better entrepreneur.
Starting point is 01:00:28 And talking with Dean today really reminded me of how far I've come over the last two, three years in my business. And sometimes it's so exhilarating to just forget about today's problems and take stock of things and recognize how far you've come along. We don't really do that enough.
Starting point is 01:00:45 So why doesn't everybody just pause right now and think about where were you during COVID? How far have you come along since then? I think a lot of us have grown so much and have accomplished so much in just four short years. So much transition, so much chaos. And a lot of us came out the other side better and more successful.
Starting point is 01:01:08 I hope that was the case for you. It was certainly the case for me. And if you've been tuning into Young and Profiting, hopefully I've been a part of that positive journey for you. And as business owners, entrepreneurs or watchpreneurs, we all buy into this version of the American dream that Dean talked about, that opportunity to have no limits, to have freedom and ultimate joy, to have hope with a path.
Starting point is 01:01:31 And you need that path. You need that plan. And like he said, small businesses and entrepreneurs are the lifeblood of the country. And we should all be so proud of how hard we work and how ambitious our dreams are. And despite inflation and despite all the challenges that we have today, there's really never been a better time to be an entrepreneur. There's never been a better time. We've got platforms like Shopify and Kajabi
Starting point is 01:01:56 that allow us to create e-commerce businesses and courses at our fingertips. By the way, those are two sponsors of the show and you've got great opportunities to try these programs for free. at our fingertips. By the way, those are two sponsors of the show and you've got great opportunities to try these programs for free. Today, go in the show notes and find the information. Nowadays, because we have all these awesome softwares
Starting point is 01:02:16 that allow us to just create products, we don't need the tech stuff, we just need things that are in our brain. And these are things that are not really obvious, like we talked about that lady who was teaching people about menopause. In the past, there was no way that if you wanted to teach people about a life experience
Starting point is 01:02:33 that you could do that, unless you were like a tech wizard. That's no more. You can literally just think about how to be a good mom and put out a course about that, or how to be a good dad, or how to be a strong man or whatever it is. It doesn't even have to be like a skill.
Starting point is 01:02:49 It could be anything in your life. And now you don't have to drop a hundred grand on an info commercial like Dean did. We've got the possibility with technology to just do everything at our fingertips like never before. And when you lean into your full potential, you're gonna pursue a career that you truly care about. You'll be a better person, a better partner,
Starting point is 01:03:09 a better mentor to others, and you get to make money while doing it. You can transform your skills, passions, or experiences into a digital product, into a thriving business that you love. If you are interested in this and you wanna master developing digital products with two of the greatest to ever do it, go ahead and sign up to the Game Has Changed event
Starting point is 01:03:31 hosted by Tony Robbins and Dean Graziosi who was the guest today. It's June 13th to 15th. It's coming up really soon in a couple of days. It's a two day free event, totally free. It's 2.5 hours a day. It is gonna be well worth your time. I have zero incentive. Dean is not a sponsor.
Starting point is 01:03:51 He's just a friend. I have zero incentive to promote this. But I think it's great for anybody who wants to do a digital course. I know that this is gonna be packed with value. I've attended Dean and Tony's events before. I'm gonna be sending in my team to make sure that we know everything that they're teaching because we have our own digital products at Yap Media.
Starting point is 01:04:11 So I'm sending in my team to learn. It's deanandtonylive.com slash holla to sign up for this free two-day event. Again, it's June 13th to the 15th. It's two and a half hours. Totally gonna be well worth your time. Totally free event. I have zero incentive to solicit this.
Starting point is 01:04:28 And I just wanna share it with you guys because I think it's gonna be well worth your time. It's deanandtonylive.com slash holla. We'll stick that link in the show notes. It's deanandtonylive.com slash holla to register for this event. And like Dean said, the biggest challenge we have is the story that we tell
Starting point is 01:04:45 ourselves inside our heads. So if you're telling yourself, I could never do that or oh that's not for me or I could never figure it out, snap out of it. Snap out of it. It's so important to protect your confidence, your belief in yourself. That is truly your greatest asset. And one of the ways to protect your confidence is to increase your competence and to learn from people like Tony Robbins and Dean Graziosi. So again, the live event is deanandtonylive.com
Starting point is 01:05:13 slash holla to register. And thanks for listening to this episode of Young and Profiting podcast. If you listened, learned, and profited from this conversation with the amazing Dean Graziosi, and you know someone who's starving for wisdom, then why not share this episode with them? And if you did enjoy this show and you learned something, then please drop us a 5-star review on Apple Podcast.
Starting point is 01:05:33 I am going to ask you again if you enjoyed the podcast. I love to read my reviews. It is so great for our social proof. Just take a couple minutes, drop us a review. We have thousands of reviews because we have awesome listeners like you. It really helps support the show. It's the only thing I ask for is for you guys to write a review. Please do it. Take a couple minutes. And if you prefer to watch your podcast as videos, we're on YouTube. I've been doing a lot more in-person interviews. I'm going to be moving to an in-person format because
Starting point is 01:06:04 I just feel like there's so much better chemistry. I'm tired of doing it virtual. We're grown up at Young and Profiting. We're moving to in-person later this summer. I'm so excited for that. But you can start seeing the transition on YouTube now. You can find all of our episodes on Young and Profiting. If you want to catch me on Instagram, it's at Yap with Hala. I'm also on LinkedIn. Hala Taha is where you'll find me there. Thank you so much to my Yap production team. I appreciate all your hard work behind the scenes.
Starting point is 01:06:33 This is the podcast princess, Hala Taha, signing off. you

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