Young and Profiting with Hala Taha - YAPFirmations: Manifest Wealth Inspired by Dandan Zhu

Episode Date: January 21, 2022

I know that I have the power to be wealthy! Welcome to YAPfirmations! A series brought to you by the YAP Media team aimed to help brighten up your days and boost your self-esteem so you can live your best young and profiting life!  What is a yapfirmation? it's anything you say to attract a young and profiting lifestyle - so you can be profiting in all aspects of your life: financially, personally, professionally, and even in your relationships! Consider this series your positivity boost on demand. Replay this episode anytime you want to reset and get in the right mindset for success!  This week our yapffirmation is inspired by Dandan Zhu. Dandan Zhu was a guest on YAP way back in episode #6. She is a self-made millionaire and entrepreneur, who gained her financial freedom before hitting the age of 30. Dandan is the Founder and CEO of her own recruitment company and has written finance articles for FORBES, The Huffington Post, Newsweek, and more.  As we enter a new year, creating wealth, whether that be monetary, spiritual, physical, or mental - it's on everyone's mind. That's why in this episode we are going to take some time to dive deep into manifesting wealth affirmations with Dandan’s advice.  Sponsored by -  Athletic Greens - Visit athleticgreens.com/YAP and get FREE 1 year supply of immune-supporting Vitamin D AND 5 FREE travel packs with your first purchase. BrandCrowd - Check out brandcrowd.com/yap to learn more, play with the tool for free, and get 73% off your purchase.   Jordan Harbinger - Check out jordanharbinger.com/start for some episode recommendations. Hirect - Download Hirect - the number 1 hiring app for startups https://hirectapp.onelink.me/YctD/halataha. Nearside - Go to nearside.com/yap to sign up for your Nearside Business Checking account. Social Media: Follow YAP on IG: www.instagram.com/youngandprofiting Reach out to Hala directly at [e-mail] Follow Hala on Linkedin: www.linkedin.com/in/htaha/ Follow Hala on Instagram: www.instagram.com/yapwithhala Follow Hala on Clubhouse: @halataha Check out our website to meet the team, view show notes and transcripts: www.youngandprofiting.com Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode of YAP is sponsored in part by Shopify. Shopify simplifies selling online and in-person so you can focus on successfully growing your business. Sign up for a $1 per month trial period at Shopify.com-profiting. This episode is brought to you by Action Alkaline Water. Proper hydration can help unlock your potential, whether you're slaying meetings, crushing workouts, or learning balloon art.

Action is purified alkaline water, ion charged to 9.5 pH at the time of bottling. Maybe you'll get so inspired that you'll fill a recording studio with balloon animals. Not that I've done that! Get seriously hydrated! Take action! Visit the Action Alkaline Water Store on Amazon, that's AC plus IOM. Welcome to YAP Formations, a new series brought to you by the YAP team aimed to help brighten up your days and boost your self-esteem so you can live your best young and profiting

life. What's a YAP Formation? It's anything that you say to attract a young and profiting lifestyle, so you can be profiting in all aspects of your life, financially, personally, professionally, and even in your relationships. Consider this series your positivity boost on demand. Replay this episode anytime you want to reset and get in the right mindset for success. So here's how these episodes will work. I'll first start out with some clips from a past episode to get us inspired and in the right state of mind to say our affirmations and to get ready for the exercise we're

going to do together at the end of the show. To conclude the episode, we'll go through an interactive exercise where I'll say a series of affirmations one by one and then you'll repeat after me, preferably out loud but in your mind is okay too. This week our affirmation is inspired by Dan Danzoo. I spoke with Dan Danzoo way back in episode six. That's when I first started the podcast. She inspired me way back when and I'm super glad we're able to replace some of the highlights from that episode because it was so amazing. She's a self-made millionaire and an entrepreneur who gained her financial freedom before hitting the age of 30.

Dan Dan is the founder and CEO of her own recruitment company and has written finance articles for Forbes, The Huffington Post, Newsweek, and more. As we enter the new year creating wealth, whether that be monetary, spiritually, physically, or mentally, it's on everyone's mind. That's why today we're going to take some time to dive deep into manifesting wealth with Dan Dan's advice. In this first clip, she asks us to reflect on our lives by asking questions about our habits. Many of them sound like, what does my day to day look like? Where am I spending my time?

And what are my current habits? Ultimately, this gives us a glimpse into our future and the person we're developing into. If you don't have a sense of direction about where you're going or how you want to achieve a wealthy life, then it's time to begin your journey of self-discovery and profit. It's a holistic thing. It's not just like, oh, just the money thing. So like, hey, if you have problems with health, you have to start addressing your lifestyle and you're living. If you're an alcoholic, like a lot of people in our generation, I think are or drug users,

yeah, think about what you're doing that stuff. These are life choices. Habits that you have to determine what's the actual value of me doing those activities. That's the first step is self-reflection. It's like, okay, what am I doing on a daily basis that is making me question my development? Am I this person that works, then goes and grabs drinks, then goes and gets dinner, repeat, and then on Sunday and Saturday, am I doing brunch? Then I'm hanging out at the beach. If you're doing all those things, you have no time to invest in yourself because you did not budget any time to invest in yourself.

The majority of people are short term people. They only look at today, tomorrow, next month, and this year. They're not thinking, by the time I'm X years old, I need to have done why. And even if they do, it's not a sincere thought. It's a general thought. It's not really like that detail. They're not really gonna commit to it.

So the first thing is, you gotta A, realize what are the things you lack in your life and B, you gotta start setting some serious goals for yourself. It's very hard to drive yourself to a question mark. Question marks are very hard to aspire to. There's no vision in a question mark. It's gotta be like a real thing that you inherently truly want for yourself

because that's the only thing that's gonna then connect to point A, which is self-reflect and go, which aspects of my life am I gonna now forsake? Is that television watching? Is that shopping, retail addiction? Is that drinking on a three to four times a week basis? Is that smoking weed? I don't know how many successful people smoke weed.

I think a lot of people do, but that's just not me. I have never smoking weed. I don't plan to. It's just not part of my life. So these are things that, again, you have to look at on a macro level. Like, what do most successful people do? Are most successful people hanging out with their friends and smoking weed and eating

out and drinking every day and partying on the weekends? Probably not, most likely not. I read. I'm an avid reader. The majority of what I read is like business-related, wealth-related. So Richa Portad was one of the first books I read. Seven Habits of Highly Effective People. These are like the cornerstones of success.

How to make friends and influence people, think and grow Rich. These are things that I've read since my early 20s. And I would just sit there and read. I like I told you, on weekends, I just study real estate. So it's spending the time, making the time, making a part already to read.

I've read biographies of Hillary Clinton and Warren Buffett. These are biographies that I really enjoyed reading because they gave me inspiration in some way. So reading about other great people, studying these things, making friends with really great people, very successful people. That's the easiest way to get successful. And that is another tip that I think a lot of young people today don't want to do is you have to cut out the dead weight in your life. You have to cut them out whether it's family or friends, they gotta go. If you try to make money, you try to get somewhere and you got someone pulling on you, that person has got to go.

You gotta put them into what we call the cold palace. Like in Chinese, you say put them into the cold palace where you basically put someone on freeze. That's what I do. If someone does not align to my goals and where I'm headed and don't support me and get my way, being dramatic and wanting this, no, you're not doing this or be here, not doing that. I'm out. I have a lot of friends, a lot of acquaintances, a huge network, but I do not party with people because the requirements of socializing with people who

are on a hamster wheel, that does not fulfill my lifestyle. And that's the decision I made at a very young age. I love Dan Dan's philosophy on choosing to surround yourself with people who can help you align with your goals because it's no secret that you become the sum of the five people closest to you. So it's important to choose those friends wisely. Take character traits like self-control. We all want that, right?

Well, if you hang out with people who don't have self-control, it can rub off on you. And likewise, if you hang out with people who have self-control, it can rub off on you too, even if you're someone who doesn't naturally have it. According to a study by the Association for Psychological Science, if you're struggling to develop restraint, befriending a disciplined person can actually boost your willpower.

And better yet, surrounding yourself with intrinsically or naturally disciplined people can over time help you achieve your goals and find long-term success. But besides surrounding yourself with great people, it's equally important to reflect on your life. When I take the time to reflect, I always want to consider where I've been and where I'm going. I like to see what I can do better, and I like to look forward to see the opportunities I have for personal and professional growth. Having time to sit and think allows me to plan out the most intentional and most profitable goals that I want to achieve. My personal go-to for setting profitable goals is the smart model.

You may have heard of it. This covers five main questions you should be asking yourself when you're writing out your objectives. The first is S. Is my goal specific enough? M. Can I measure it in some way so I can see my progression? A. Is it actually attainable and realistic? R. Is this goal truly relevant to myself or my company? And lastly, T. How much time will I give myself to get this done? After fine-tuning your smart plan, take action and make a commitment to yourself to achieve these goals. I like what Dan Dens says next about making a commitment

to our growth. By aligning our lives with what we desire, we can lead a fulfilling life. And interestingly enough, she explains all of this through side hustles. I don't really believe in side hustles as an adult because I find that it's too risky. And this is the reason why. Side hustles take a lot of time out of your day to day. So you're trying to manage a career. I've never seen side hustles to be

how a lot of entrepreneurs get Uber successful. Again, it comes down to how big your dream is, right? If you wanna start an e-commerce business and you take your time and you side hustle outside of work, it's just going to take you longer because you're only doing it part-time. So side hustles are very dangerous. The reality is a lot of people will not have the strength

to control the discipline to work a side hustle as hard as they work their main hustle. So, my advice is, why don't you align your main hustle with your side hustle? Make your side hustle, your main hustle. You actually probably have a better chance. I think anybody who wants to get rich and has the time to do a side hustle needs to question themselves. I'm not a big fan of side hustles.

I think that side hustles are not really a risky move. It's like the safe way. I just not very safe because I don't see safe routes ever generating any real results. It's very unlikely that your side hustle is patentable and is something of a high value. Chances are your side hustle is what a lot of people are doing at the very same time with the same ideas.

And all of you guys are too scared to go for it 100%, which is why there's like mom and pops. So the goal is if you're happy just getting some side income and you're doing it for fun, go for it. Do your thing. But if you're really trying to make a business and be like rich, then again, it just calls for another level of commitment and expertise

that puts you at a competitive advantage against other people who are most likely doing the same exact hustle you are doing. To succeed, there's always a level of commitment that cannot be dodged, no matter how you slice it, I said. Let's hold that thought and take a quick break with our sponsors. Young and profitors, do you have a brilliant business idea but you don't know how to move forward with it? Going into debt for a 4-year degree isn't the only path to success.

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I agree with what a lot of Dan Dan is saying. The only caveat I have is that side hustles are great to test the waters and to test the demand of a new idea. My current company, Yap Media, was a side hustle for six months. I started it while working full-time at Disney Streaming Services, and I quit my job when I already had 35 employees around the world, and I was generating about $80,000 a month in revenue. But honestly, I looked back, and I should have quit months earlier. By month two, I was already making $30,000 a month with my side hustle, and I could've sustained myself.

There was no logical reason for me to stay at my job other than the fact that I was just scared to be an entrepreneur. I was scared of fully taking that risk and not having a steady paycheck. And once I actually wasn't scared and I was ready to make the jump, I had a lot of friends and even my boyfriend telling me I was making the worst decision of my life. But you know what? I did it anyway. I trusted my gut eventually and it may have been a few months too late, but I did it. And quitting my job and turning my side hustle into my main hustle was literally the best decision I ever made in my life. It gave me full focus. It aligned my passions with my career.

And I know that my time and my focus can change the world. So I'm so thankful I had the courage and the dedication to start a side hustle. And the discipline to do my main job and my side job equally as well, because that's the key. If you're not the type of person to sacrifice and I mean sacrificing watching TV

or going out with your friends, then starting a side hustle won't work at all because you simply won't have the time for it. person to sacrifice, and I mean sacrificing watching TV or going out with your friends, then starting a side hustle won't work at all because you simply won't have the time for it. It can be tough to gain the courage to commit and take action, but once you reflect on what you truly want to achieve, you'll better understand that commitment, and you'll know that taking the next step is a must in your life. I started my marketing and podcast agency as a side hustle because I knew I was too

big to be working on someone else's dream forever at Disney. It would take me 20 years to get promoted to be a CMO or CEO and potentially never even happened. I wanted control over my destiny and my financial potential, especially as a woman and a petite woman at that. You don't get many opportunities thrown at you or a hand at you. And at times like this, I like to remember the famous quote by Dale Carnegie, in action breeds doubt and fear. Action breeds confidence and courage. If you want a conqueror fear, do not sit home and think about it. Go out and get busy. But then again, many people ask, when is the right time to take

that next step? When it comes to growing your wealth, Dan Dan suggests asking for more when you're in a comfortable position, rather than a desperate one, before taking steps to advance your goals. That way, if some efforts to expand your wealth don't work out, you are not financially crippled. What about people who, you know, want to stay in their current job, they enjoy what they're doing, but they want to negotiate a higher salary. What's your advice on that? Well, there's always two ways.

The one is negotiate directly with your employer or number two, get other offers. So that's really it. Negotiate with your direct boss or look externally and bring forth your options. Obviously without an intent to force a counteroffer that is not ethical, certainly that's just not right and it doesn't make sense for you. That's going to hurt you long term if that's your game. You're not doing it to just push your current employer to give you more. If you want to push your current employer to give you more, the only way to do it is to bring it up to them and make it a sticking point and make a stink about it.

And that's the only way you're going to get up into the ranks. Or you schmooze and you politically advance. That's just playing the corporate game. The second one is obviously go external, get a few offers, pick the one that gives you the best money, come out super strong. And the trick there is negotiate from a point of power. If you're unhappy with your pay, if you know you're being underpaid, do it while you're in a good spot at your career.

And this is the piece that people mostly forget about. When they're having a good time on their job, people are enjoying life. They're not really thinking ahead, they're not really worried. That's exactly how you miss out on opportunities. Complacency is the breeding of normality. You're just not gonna get anywhere if that's your mindset.

If you want to make more money, then you have to do it from a position of comfort. You have to be in a good situation to negotiate for the best deal because you will have the best cars in your pocket, bargaining chips. So that would be my bias there. It's to do it before you need to do it.

If you are starting to feel a little unhappy, address the issue ASAP. Don't wait until it snowballs into a real problem, because that emotion skid-envolved. And then you're going to be willing to take less salary, or you're not going to negotiate as hard as you would if you were almost like 100% happy. I personally know the benefits of taking risks when I'm in a comfortable position. This is exactly why my family and friends told me that quitting my executive job at Disney would be the worst decision of my life. At the time I was making a lot of money, I had a good trajectory of growth, and to the people in my life, I had gotten

my MBA, I worked my way up the corporate ladder, and now I was just throwing it all away. And although I was technically in a really good spot in my life and in my job when I decided to take that leap, inside I was unfulfilled and unhappy and I knew I could handle way more. It was a big risk to leave my cushy job, but I just knew inside that I was too big of a fish for that pond. And at the time I kept repeating affirmations to myself over and over again every day, like now is the time for action. I deserve to get paid to do what I love. I set myself up for success and now is the time for

actions and I would say these affirmations over and over again until I finally had the courage to give in my two weeks. I know that in entrepreneurship it's assumed that many of us act like daredevils or gamblers or major risk takers. People think we're willing to bet it all when it comes to building our companies, but I believe successful entrepreneurs know how to manage risk and make calculated decisions about their next move. Nobody should walk into a decision blind or emotionally, especially when money and jobs could be in the line.

I waited to quit my job until I was absolutely sure, but I took the leap before I had to. I chose to leave a good thing for something better. Building wealth like Danden mentioned before doesn't happen in our comfort zone, but there's other things that can actually be in our way like mental blocks holding us back from our true potential. And sometimes it's distractions,

excuses, and our lack of selfishness that can block us from reaching our goals. In this last clip, Dan Dan asks us to look past our barriers and start believing that we can do more, achieve more, and be more. If you could have millennials change one thing after listening to this show. What would it be? I think everything starts off with a vision, a dream. And I think a lot of millennials in our day and age, they're experiencing pain and suffering and frustration. And I see the problem with my peers

and the problem with my colleagues and people that have worked with in the past is that there's so much pessimism, I'd say overall. There's a lot of pessimism on what's possible and what's capable, and it's because of the system, it's because of student loans, it's because, you know, romantically it's hard for me today because I've got these student loans and like my job doesn't pay a lot, blah, blah, there's so many excuses being made. So I think in general, for us specifically, it's probably just to honestly start believing that you can do more, that you can be more than you think you can be, and really just kind of like take a break from social media, take a break from all this distraction that's

not really going to take you anywhere. I think every generation today is suffering from the over inundation of social media and technology and how that's changing our lives in a way that's distracting and not productive. So I think the biggest thing I wish that millennials would do is take a step back, read and adjust and just be selfish but less selfish at the same time. Being selfish about your time, being selfish about what you do on a day-to-day basis to gardener success, being selfish about giving yourself the time you need to get your life in order.

But at the same time, being not selfish and thinking about the impact that you can make on a bigger scale. That's what drives me is thinking that, needing selfish today, on my time, on what I need to do, to be the person I need to be, to organize my life the way it needs to be organized. I will become a person that can change and move mountains. I can change entire demographics. I can give inspiration to people that normally,

I wouldn't be able to if I wasn't selfish in the beginning. I have to be selfish to get to a level where I am today. The long story short is, If I wasn't selfish in the beginning, I have to be selfish to get to a level where I am today. The long story short is, if you can start sacrificing on a short-term basis, I think you'll get a lot closer to success and happiness through the long term. In a world where everyone is scrambling for your time, it's important to take a step back and really evaluate what you want for yourself. And in order to chase the life that you want

and build the wealth that you know you can have, you need to eliminate all those negative influences, distractions, and excuses that hold you back from what you truly want. Dan Dan talks about sacrifice on a short-term basis, and I can totally relate. For over two and a half years, I worked in corporate while hosting this podcast, and for a portion of time

I was also running the agency. I literally did not watch any TV that entire time. My train rides on the way to work and on the way back were all for working on my podcast. When I would clean or exercise or do anything where I could listen and learn, I would be studying for my interviews. I would record my interviews over my lunch break. Literally huge name interviews. I would record a little phone booth over my lunch break. I didn't waste any time. I didn't do anything on social media, aside from posting content and engaging with my community on LinkedIn. And I used social media to build an asset, not to drain all my time up and to compare myself

with others or just suck up my time. I spent the weekends working on my dream. I woke up early to work on my podcast, I came home and then worked until midnight on my podcast. I built this team all over the US and I also built a team overseas and my meetings with them would start at 9 p.m. That could just show like the two separate work days

that I would have. And I heard 16 or 18 hour days most days. And some people might think that hustle is unhealthy. And some people might disagree with that lifestyle, but it was temporary because it's not like that for me anymore. And I have absolutely no regrets. I mean, fast forward to the day. And I have 5Xed my income.

I've essentially set myself up for the rest of my life. I established myself as a key player in an industry and marketing and podcasting, and I'm still working a lot. But I can literally do whatever I want now. I could go get a facial in the middle of the day. I could take a week off if I feel like I take tomorrow off if I feel like it. I have the freedom to do whatever I want and it's your life You're allowed to take ownership of it and the best way to take hold of your life is to express gratitude for what you do have and

Use your power to manifest what you desire Reciting affirmations is the perfect way to start taking a hold of that power and we'll get into that after a short break from our sponsors. Hear that sound, young and profitors? You should know that sound by now, but in case you don't, that's the sound of another sale on Shopify. Shopify is the commerce platform that's revolutionizing millions of businesses worldwide.

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Hopefully, Dan Dan has gotten you feeling inspired and ready to say your yap formations. If you're listening to this yap formations, you may believe that you don't deserve to make more money. You may have limiting money beliefs, like money is the root of all evil, or money causes more problems, or that rich people aren't happy, or that you're not meant to be rich. But this negative self-talk and negative self-thinking is preventing you from attracting what you want and preventing you from making money and building wealth. With daily affirmation, visualizations, and

positive thinking, you can train your brain to start thinking differently. As Marissa Pierre, the inspiration from our first yet formation episode says, tell yourself a better lie. Affirmations are positive statements about yourself that you may or may not believe at the present moment. The positive words will build up when you repeat them over and over again. So your subconscious mind picks them up. The thoughts that you think with your consciousness

only makes up for 4% of your actual thoughts. Let me repeat that. The thoughts you think with your consciousness only makes up for 4% of your actual thoughts. Let me repeat that. The thoughts you think with your consciousness make up for only 4% of your actual thoughts. That's insane. That means that 96% of your thoughts are from your subconscious mind. You cannot actively influence them because you don't even notice them. So let's work to turn around your negative subconscious thoughts into positive ones and make it so that you attract money and abundance in your life. So you won't find yourself

optimistic, energetic, and manifesting your dreams from day one, but if you do these app formations every day, there'll be a gradual shift in your energy. Over time, you can create the reality that you want, receive the wealth life offers, and release every block that is holding you back. Let's get ready to say our affirmations. After each affirmation, I'll pause, allowing you to repeat them to yourself, out loud if you can, or in your head if you're out and about. I also recommend inhaling deeply before saying these affirmations and breathing out these words. Let's begin and feel

free to rewind, reflect, and meditate as we go along. I am committed to acquiring wealth. I release all negative energy over money. over money. I release all my fear around money. I align myself with the mindset of abundance and prosperity. Money creates a positive impact on my life and the life of others. I am dedicated and I make time for my long-term goals. I visualize my goals of action to achieve them. I am free from excuses doing what I love. I get rich doing what I love. I know I have the power to be wealthy. Money is my friend. Money is good.

Money flows to me from lots of different sources. I see and appreciate the abundance in my life. I am grateful for all the abundance in my life. I'm a money magnet. Money is drawn to me. I seek out opportunities that will bring me prosperity. I capitalize on all my opportunities. Money comes to me in to receive unexpected money. Wealth flows towards me from all directions. Everything I touch turns to gold. I'm attracting money at this very moment.

I'm excited about all the money I'm attracting into my life right now. I use money to improve the lives of others. I use my money for good and the universe is always rewarding me with more. Thanks for doing these app formations with me. When you say these affirmations constantly and daily, negativity will move away from your life. Daily affirmations can reprogram your unconscious mind and change your thoughts, vibrations, and self-talk.

The key to success for these affirmations is repetition. Replay your yap formations as often as you need and turn these words into wealth. If you like this series, let us know by writing a review on your favorite podcast platform, or you can find me on Instagram at Yap with Hala or LinkedIn. Just search for my name. It's Halaataha. And if you have an idea for the next de-affirmation episode, be sure to tell us. Fake thanks to the Yap team, as always, this is Halat signing off. Are you looking for ways to be happier, healthier, more productive, and more creative?

I'm Gretchen Ruben, the number one best-selling author of the Happiness Project. And every week, we share ideas and practical solutions on the Happier with Gretchen Ruben podcast. My co-host and Happiness Guinea Pig is my sister Elizabeth Kraft. That's me, Elizabeth Kraft, a TV writer and producer in Hollywood. Join us as we explore fresh insights from cutting-edge science, ancient wisdom, pop culture, and our own experiences about cultivating happiness and good habits. Every week we offer a try this at home tip you can use to boost your happiness without spending

a lot of time energy or money. Suggestions such as follow the one-minute rule. Choose a one-word theme for the year, or design your summer. We also feature segments like know yourself Better, where we discuss questions like, are you an over buyer or an under buyer? Morning person or night person, abundance lever or simplicity lever? And every episode includes a happiness hack,

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