That piece of paper. That diploma. Those subsequent diplomas. That Honorable Discharge. That certificate. That knowledge I gained from Gill Lopez "Don't praise me, raise me"-Gill was a man who stuttered, however, when he spoke to his organization, people Listened. It's the talents. The skills. The drive. The determination. The attedance. The attentiveness. To the Issue. You should see this dietitian Clean. Shop. Study. Correlate. The Cold Throw..... I am a second generation Cantonese-Chinese American, Irish-English, French and German mix. A granddaughter of laundry and dry cleaners. A daughter of a professional waitress and ultimarely a past restaurant owner. A God Daughterof a Vietnam Marine, who was a policeofficer, then a lawyer, ...eventul government position. Daughter of an Army paratrooper who served in Vietnam. Former USAF Photographer. Role models. So here is one of the initial attraction of why I determine what candle, body wash, soap, various scents, gum, candy, treats I buy. Vanilla and mint in studies from decades ago have been shown to decrease appetite. I am so glued to This Podcast. As always I like the podcasts from this facilitator with a passion.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
The mainstream advice on making money is overrated. The best thing you can do is invest in your own knowledge. Books are the ultimate learning tool. For instance, The Hidden Truths Of Wealth by Oliver Mercer gave me the foundation to start my first business and separate myself from 90% of people.
Rule 8 indicates you don't need a high IQ to be a good investor, just 2 qualities, self discipline and a lot of patience. Investing is mostly about behavioral psychology. How can I generate more income to retire with at least $3m for long term care?
We share common goal, making sure you are ready for your later years is very important. That's why passive investing works, low costs, better diversification and it enables people to overcome their behavioural bias especially if they engage professional help.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
'Vivian Jean Wilhelm' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
Summary 1. Value preposition: focus on unmet needs that are worth a lot. 2. Marketing: attracting attention of interested people. Build prospects. 3. Sales: Bringing money in. Focus on selling benefits. 4. Management: Is removing barriers to the main work of your business. Hiring: Here is what we are doing, here's y it matters, here's what ure doing, here's why it matters, here's how u do it. Finance: Inflow cash less expenses to get net profit which u get to keep and is it enough!? NB: Test your ideas for feedback.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
Iynne Marie Stella is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
This time last year I considered investing without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. One year and a couple of months in, and I'm almost debt free. I truly cannot stress enough how helpful experts in this field are!
It’s not rocket science. I got into the stock market and started investing in some stocks without fully understanding how it works. Long story short, I lost it all. Jonas Herman, a licensed fiduciary is the brain behind my success. I've gotten into a plethora of assets with $10k spread across stocks (options and futures) for the short term and Roth IRA, index funds, and ETFs, for the long term. Now with over 77k in roi, I sit back and just reinvest at intervals while I focus on my career and family.
Most of my family are masters degree educated, and the general consensus is that you drop a large chunk of money for a bit of paper that will probably open doors, but the knowledge acquired directly from the masters usually isn't of much use in the real world. In short, such qualifications are essentially buying your way into better employment. It has very little to do with actual ability or knowledge acquisition.
@@stephanied.k.3589 Like minds. Experiences and knowledge shapes our perception of reality. It's the masters degree club. There is a religious club, a sports guy club, geek clubs, cultural clubs, race clubs, politics and other things that define our identities by shaping reality.
Recessions are an unavoidable part of the economic cycle; all you can do is prepare for them and plan accordingly. I graduated into a slump (2009). My first job after graduating from college was as an aerial acrobat on cruise ships. Today, I work as a VP for a global corporation, own three rental properties, invest in stocks and businesses, run my own company, and have increased my net worth by $500k in the last four years.
It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
I have a female advisor named Lucia Alicia Cruz. I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.
Resissions are preventable. They are made by the banking industrie. Look into the work of Richard Werner. Unfortunatly, that still doesn't help you overcome one.
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
I have a business degree from a top university, following which I worked at a big four firm for ten years. I sucked at work though. I was way better at learning than doing.
Practice makes a champion. If you are good at learning but then you don't know how to implement it, why keep learning? Keep trying to execute on the things you learned already. Yes, you can expand on your knowledge but you need to use it too!
@senoral165 you think that if a person practises something enough, they'll become a champion. You also think it's important for people to keep trying to use what they've learned and to prioritise this over continuing to learn.
I just discovered your channel through this video. Case studies are extremely beneficial and I hope to see more in the future! Creating wealth includes developing habits, such as setting aside money on a regular basis for smart investments.
Yes, I do currently practice modest living and prudent money management. My investments have increased by 43% over the past 19 months. But I'm nervous because I've lost money in the last month. I can't decide if I should sell everything now or wait.
Yes true, I learnt that in 2023, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Probably true from a knowledge perspective, but most employers just want to see a qualification certificate. In short, this video almost certainly won't open any doors while the 100k course likely will. If that sounds shallow, that's because it is.
Great video! I really have a question. For someone with less than $5,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach?
My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Thanks to my financial advisor, my portfolio is thriving, and I'm proud of last year's decisions.
I agree, investing without proper guidance can lead to mistakes and losses. last year. I did so many mistakes but also learned so much from it, If you're new to investing or don't have much time, it's best to get advice from an expert.
That's the more reason I prefer my day to day investment decisions being guided by an advisor. I been using my advisor for over 2years+ and I've netted over 1.2million.
Invest in the financial markets before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
This video really got me thinking about the best way to secure my financial future. With $340k saved up, I want to make a smart move that ensures stability and growth. Given the economic uncertainties and the points Scott Galloway raised about traditional paths to wealth, what would be the best investment strategy right now?"
Great question! It's so important to be strategic with your savings, especially in these times. Have you considered diversifying your investments? A mix of stocks, bonds, and real estate could provide both growth and security."
navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
thank you for putting this out, it has rekindled the fire to my goal... was able to spot Linda after inputting her full name on the web, she seems highly professional with over a decades of experience.
It’s true that experience is very important and very valuable. However, on the job you are expected to produce (obviously); therefore, you cannot gain experience on a diverse set of topics at will. School is the place to gain exposure to a diverse set of topics (that you cannot on the job). After school you get a job and gain in depth experience on various topics. In my experience, you can gain in depth on the job experience on one topic every four or five years. Whereas at school you get exposure to five topics in one semester. You need both - preparation for the work place at school and on the job training and experience. Naturally, that’s the traditional path for most people. Very few people get ahead at a serious workplace without a diploma. And there are many good jobs you cannot do without a “paper” - law, medicine, dentistry, pharmacy, etc. At work, I can see that people without a diploma have something missing that limits them. Same in the military. In engineering companies technicians are jealous of engineers, and, in the military, NCOs are jealous of officers. There are jobs where diploma means nothing - real estate agents, car salesmen, etc. Go for one of those if you don’t want to get a “paper.”
My husband and I are working on building our own business and this episode is gonna be so useful, thank you Steven 🙏. In our channel we try to share our knowledge as well!
I can't believe there hasn't been more compliance with the subscription request. Honestly, makes no sense. This is a channel that produces fantastic content that helps you grow. You WILL come back to watch more. Don't be a tool... SUBSCRIBE!
really well made video but i do wonder why no one talked about the forbidden ebook Ads That Hypnotize People Into Buying Your Products. Missed opportunity to talk about this gem. But still great vid :)
I am in love with this imaginative and thoughtful approach to business. It’s about imagination and empathy. I am a self-made business person and this is EXACTLY the deeper journey that I walked. I will definitely check out Josh’s book. Thanks DOAC for this interview ❤️
I think getting a degree can be anything from "epic" to "catastrophic waste" and it just depends on the circumstances. If you live somewhere where degrees are expensive and you choose something that brings back little value, it is a waste. But in my case I think it was one of the best things I did: I live in Switzerland, so getting a degree is essentially free (the exams are just really brutal and you have two attempts each and if you fail twice you are locked out and cant ever study that profession again), the tuition is so cheap you can pay it as a small fraction of your part-time job. So I got a BSc and MSc in engineering. Then I did a PhD, which was a 100% paid position, so I was getting an advanced degree while earning between 80 and 90k a year on top during that time, I just had a lot of teaching duties to go with it. All of these degrees came from a Top 10 world-ranked uni, and I can definitely say it opened some great doors later on. But yeah if you take a study loan to get a degree in art history or something in the USA it might not be worth it money-wise...
Unfortunately in my country jobs are so scarce & more contingent on who you know than what you know. It is very possible to educate yourself out of the job market. You get overqualified & nobody wants to hire you cause they do not want to pay or you have a double Masters & your supervisor/boss barely finished high school so they feel threatened by you. Also studying is very expensive.
I lived with someone who started their own business, plus a family member and their spouse started their own business. You need to commit yourself to working 7 days a week putting in long hours, at least in the beginning. And if the business grows to where you need to hire employees, there is payroll and taxes and insurance. The woman I worked for sold the company to someone else because she was losing money. The new owner did much better because she had more experience. Get very, very educated in every aspect of business ownership before taking the plunge. Go in confident with what you know.
Well explain thank you for bringing up this video Financial education is indeed required for more than 80% of the society in the country as very few are literate on the subject. Regardless of how bad in the economy I still make 65k from my i lnvestment of 12k, Thanks to Miss Clara Brandon for her helpful guides.
I am new to the stock market. Every stock that I bought so far I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock.
I dropped out of my MBA program 2 classes in. Because it was not helping me in any way. Instead I went back to do research and found a better return on investment was doing a coding bootcamp. So I paid 10k to learn software engineering in 3 months. Fast forward I’m 4 years out of the program and already paid it back in full. I make 110k base salary plus 15k annual bonus. Work remote so I spend a ton of time with my family. Next move is to buy a bunch of “boring” businesses like storage units and such as form of passive income. Looking to retire my corporate career by 45. I’m 32 now.
@@suz7110 definitely! I also don’t want to work corporate forever. It was just my stepping stone. I forgot to mention I grew up poor so I don’t have generational wealth to fall back on so I have to create it. Only way to do that is through business ownership.
@@mana_station I attended coding temple They have several programs. Remote and either with an instructor or self paced (I advise against self-paced) And now I’m an alumni career coach as my side job! Happy to chat if you’re interested. My husband completed the program this past November and now he’s a finance analyst! Got a job 3 months out of bootcamp.
Yes, I’m soooo grateful that I obtained my MBA, as my undergraduate was Biology and pre-med. I knew nothing about business upon graduating from college. Now I speak multiple languages, have traversed business areas that I didn’t even know existed, whilst making friends for life and extensive connections and colleagues that I have and use to this day. I don’t think I could have cultivated this type of lifestyle online--and I’ve lived in several countries across the globe and work remotely. I’ve gained loads of life knowledge and confidence with heaps of creativity and critical thinking. My MBA, albeit six figure price abroad, is worth its weight in gold, to catapult me into real world scenarios that keep me in life long learning. 🎉👍
I got my MBA at a university that was primarily a medical school. I was working in marketing at the University at the time, and they paid for most of my MBA. But the MBA program was very important to the University because it provided an easy way to educate scientist and doctors about business, because universities and hospitals are businesses.
@@jubinroy4987 There is no "auto translate" command on my RUclips. Automatic translations suck anyway. It would be helpful to have a professional do the translations and add subtitles in the various languages (like TED Talks do). I don't think Steven can't afford to pay professional translators... Especially since it would get him millions more subscribers.
I am listening to this podcast while working on my little embroidery project that I want to grow into a business! I’ve never been this excited in my life 🤩 this video resonated so much and made so much sense. I am confident more than ever ❤❤
Just asking myself why on earth have I read so many books about this topic particularly because I am not a MBA, but a Neurolanguage Coach and communication skill Coach. This podcast puts everything in a clear, easy understandable way. I am learning so much. Thank you so much for this value jam-packed podcast. Thanks Steven for hosting this amazing guest. Thanks Josh. ❤
I've been a Josh Kaufman fan since before he published The Personal MBA. Seeing him on one of my favorite podcasts is a treat. He inspired me to write my first book - The 10 Second MBA: "Get orders, fill them at a profit, collect the money (in any order), above your true break-even point, without running out of cash." That's every business model in a 10 second framework. Memorize that and then read Josh's book for more details.
I find this channel and your work so beneficial in learning so much about business and education. This has become my new favourite. I gain a hell of a lot from your interviews. As a small business owner and someone with a thirst for knowledge I’ll keep coming back for more.
Very insightful interview. When I interview investors on my channel, especially the CEOs it is both comical and interesting to me that they all have one thing in common: they don't invest in their "fancy" investment vehicles like their option ETFs, but rather keep it simple and stay focused on investments for the long-term. My advise for all: Play the Infinite game.
I JUST FOUND OUT ABOUT HIS BOOK PERSONABLE MBA Freaking LAST WEEK. BOUGHT IT. Watched SO many old videos of him to then have this DROP TODAY!!! I felt like this was made just for me 😂😂😂😂😂😂
Wow, I read/listened to his book years ago, and I'm surprised this is the first time I'm hearing him on a podcast, at least as far as I can remember. Thank you for bringing him on!
As someone in the process of getting my MBA, what I would say to everyone stating experience is better... well duh in a perfect world you'd go for experience. But businesses today aren't hiring anyone with no experience, even "Entry-Level" positions state they prefer 1-3yrs experience in a similar role. So if you're stuck in the matrix of not being able to get an opportunity then a higher level degree is a great way to stand out as even having a Bachelors doesn't do much for you anymore.
But even if you have MBA but no experience, you’re overlified on paper but not much on the real world. It’s the same thing but you spend extra money on MBA.
@@chebtremb2244it doesn’t matter if you’re over or under qualified if you never get hired. I’d rather take my chances to grow into the opportunity rather than not receive one.
@@chebtremb2244 Maybe so but I'd rather take my chances and put myself in a position to potentially grow into an opportunity than not receive one at all
Having a n MBA with experience is going to get you MORE opportunities than just having experience…..I am an HR Director and people just don’t and won’t understand this…in a competitive market having a degree is going to be part of your toolbox to compete with others…….without a degree, there is will be entire sections of corporate world that wil never look hire you….
It's interesting when the host know more than the guest , and he smartly control the information make sure they delivery the point to the viewers. Beautiful interview overall. Thank you both
Remove all friciton, he is talking about Atomic Habits. The more millionaire books and podcasts I listen to, the more of a pattern I see, and the same knowledge is circulating around
Remove all friction, atomic habits, the one thing, $100M offers, they all talk about the same thing. I love it. It really demystifies business for ordinary people.
This month marks for me one year since I started listening to this podcast and I am very grateful to Steven and the entire team for always pulling all this together. In fact this is my first podcast to have listened to. I am actually on the verge of coming up with a start-up and this could not have come at any better time than this. Thank you.
Steven, I have loved this show since forever and have learned so much over the years. My husband is Spanish speaking and I'd love to be sharing this with him and talk about all of these topics. Is there an option for Spanish subtitles in the future? It could open up the podcast to the Spanish speaking world!
Minute 16 he is saying that, business are created by people for the benefit of others. Is it still true:-??. ( Smoking companies, alcohol, vaping, process food, etc....) I think that a lot of them now are just thinking how to increase the profit, doesn't matter if they harm people.(my opinion).
What is contained in textbooks? Case studies, ideas, concepts, experience, commentaries. The day you document your experience with relevant commentaries, you have made a textbook. People don't just understand how tacit knowledge and explicit knowledge interact. Get the two and be exceptional.
Look inward, find your own issues to hurdle over, go out into the world, find other problems, solve them and then make money off of it. Make money from other people’s problems after you’ve decided you’ve fixed your own.
If you are having problems with mic being on the desk and getting vibrations. Just get a floor mount and put the mic on the floor. Or you can just get a shock mount, but it won't be as effective as putting your mic on the floor and put a shock mount.
The microphone problem solved a long time ago. It is called a spider, go buy one for your microphone asap. Also, get a sound tech to sort your vocal tone out while you are at it:) a little boomy. Great episode
I think we may be in a period where the value of university education is becoming less relevant. The rise of mollycoddling students through their degrees so they don't quit (and lose the uni money) and the proliferation of AI (which students are using to complete their assignments) could well be producing graduates who indeed just have 'a piece of paper' but no critical skills that said piece of paper is meant to represent. Prior to the aforementioned, students HAD to brute force learn to not FAIL: this trial by fire period of highly pressured self-education does result in individuals that have a greater capacity for learning (and sticking with) difficult things, who then comparatively out do those who do not have that capacity. For me, I now work in software development (NOTHING to do with my degrees), but my degrees gave me the pressurised environment to learn HOW to learn and stick with difficult things. All in all, I believe the point of uni is -- or at least used to be -- to learn how to learn effectively, not to learn for specific careers (unless you're doing something vocational). Of course there are many more variables to success.
I have an MBA from more than 15 years ago. Its worth has become less and less as I have gained experience and got more qualifications, just as my primary school certificate has
@jamesyoukhanis5074 I wouldn't go as far as saying it is useless. Would you say your primary school education was useless? Of coz it is useless to you now, but it was essential for providing you with the foundation for advanced knowledge
I have a bachelors in business management and a MBA with a concentration in corporate law from a good school. I am a high rank director for a large corporation and earn more money than people would believe. It’s all about getting your foot in the door, but you’ll need an MBA to make it to my level, everyone on the executive leadership team has one. I tried to advance without it but kept getting picked over by someone that has it. Corporate America is still largely credential/qualification based so not sure what alternatives to college there are for that.
The solution to your mic problem already exists. Hundreds of other podcasts use it. Use a mic stand on the floor! (Or use lav mics.) The mic is not broken. The desk stand is not broken. Don't use a desk stand!
Thank you for telling your guests not to bang their hands on the table. I watched an episode on Impact Theory and every few words, for emphasis and frustration on the topic, the guest would bang his hands or loudly rest his hands on the table. The amt of bass picked up, especially through car speakers, was enough to turn the episode off. It was so distracting and just annoying. Thanks for being mindful of how much that can impact the flow and listening experience of us viewers 🙏🏼.
DISAGREE with this man. As a woman my MBA was worth it 💯 There is value in an MBA in the education and the community. There are more affordable options that the $240k mentioned. Mine was
I'm addicted to this podcast... shouldn't there have been a new episode yesterday? You provided so much free knowledge through these videos, thanks a lot.
Piece of paper - is just a convenient way to pass on information. Experience & witness of it - should be faster/fastest way to learn. In another word, I prefer to say : Play is best way to learn.
Thinking about the mic and table issue, you could have a hole in the table for the mic stand, so when guests hit the table, it doesn't impact on the mic 😉
When you said DJ'ing I about jumped out of my seat, ME TOO!! I just got a DDJ-FLX4 for fathers day... I'm 52 and learning to DJ for the first time in my life, it's so mich fun!!
It's a smart thing to start phrases in the intro that show interesting bits of the interview and cut before the interesting revelations. However, overdoing things is never a good idea. There are too many phrases starting and cutting right before revealing, so much so that it becomes annoying. Less is more. Cut some, reveal some, find a better mix.
I got a business management degree while raising a family and working full time. In hindsight it was a waste of time and money. I got interviews but not the job. Companies usually highered a younger fresh out of college person
So I am from Pakistan, watching this podcast makes me feel like a fool where the cost and risks of doing business are so high. There are so many institutes churning out MBAs, the tax on salaried indiviuals is at all time high. I think his rules apply to the first world.
They talked so much about candles that I am looking forward to getting my special candle CEO's signature. I need something that fits my new inner self!
Please consider getting Billy Carson on the show. Think he would be great he was just on Joe Rogan's platform not to long ago. Billy built himself from the bottom up and is a millionaire today. Hope you would someday have him on this platform!!!🙏🏾
Nice to see DOAC have more business leaders on recently with Scott Galloway and Josh here. I’ve said this before, DOAC is at its best with people like this.
An acquintance once said, "you can't teach a person what he doesn't already know, you only bring what he knows to his awareness" I agree, that is true but not always the case. For some reason I listen to this podcast while cooking. We all look to self develop in a lot of ways and we promise ourselves to learn new things on a daily basis, but sometimes with tbe craziness life comes with, it is easier said than done. Thank you for always bringing amazing minds to the show and for giving us a platform to learn. Thank you.
Biggest issue with this is the admissions process. 1) the class size of elite universities is not growing at the same % as population growth. 2) a lot of universities are admitting students on the terms of being able to pay(universities knowing they will receive full payment) vs actual IQ/hard work. 3) DEI Person A is 7th In class, published author at 14yrs old, way above average SAT, athlete, straight As etc… Person B, 25th in class, average SAT(had to take it 2x), A-, BUT is lower class so government gives lots of AID. Guess who gets priority. Person B
The question being asked at 14:54-14:56 is - if you are a CARPENTAR working for somebody else and want to run your own CARPENTARY business (do you know any other business (do you need to)?) - and hope to earn $10,000 is it achievable by most people? If you are GOOD at carpentary or If you want to RUN AWAY and AVOID carpentary and make carpentary happen through other people who (you presume) will love carpentary?
It's so funny the way when he introduces a thought, it seems dumb but the logic tells me right back that I am dumb but I can be smart by listening and taking action.
amazing eposide, this should be broken into 4-5 topics and each one tackled in details. Josh Kaufman have a wealth of information and stories to share. Amazing and great work team
I did get an MBA, and if I would go back in time and had to make this choice again, I would still do it 100%. But I also worked for a self-made business man, who certainly did not need an MBA and who was an amazing on the job teacher for me. By the way, I have his book, and I bought it while I was doing my MBA study because I was curious. It is a nice read, however, it is nowhere near to how I experienced my MBA study. It wasn't just about learning about the topics as described in the book. It was much more about the very diverse group of people I had to spend 2 years of my life with, some of whom became friends for life. No book can replace that. That said, I understand that there is a big difference between business schools and their lecture programs.
Isn't Microphone Shock mount a problem already solved? I do not understand the problem. Many microphones comer with shock mounts from the box. Shock mounts are available in stores.
With regards the mic/vibration problem, can't you just attach the mic to something other than the table? Have it attached to the ceiling instead of the table?
If someone says they want to have a business but consider an MBA they are not entrepreneurs. MBA, as name implies, is for business administrators aka beracrauts who by definition work for established companies. It teaches thinking business by application of best practices, implementing improvements and optimization - new businesses' utmost priority is to get traction, there is not much to govern or optimize.
As someone that has an Engineering Apprenticeship AND a BA Hons in Business Management I can agree the degree in BM is next to worthless!! The opportunities I have benefited most from have been via the Engineering and experience.
When I did my MBA I had lots of classmates who were engineers or pharma grads. When they reached higher management positions they realised they lacked knowledge of finance & strategy etc to have a clear overview of the business and make decisions so for them the MBA really helped to grow in their role
Really enjoy the small snippets of different clips of what they’re talking about - like the iPod commercial clip! It’s relatable to the episode and gives you a visual of what they’re talking about! DOAC is my absolute favourite podcast - always growing and evolving!
Here's a part of the answer : emotion (n.) 1570s, "a (social) moving, stirring, agitation," from French émotion (16c.), from Old French emouvoir "stir up" (12c.), from Latin emovere "move out, remove, agitate," from assimilated form of ex "out" (see ex-) + movere "to move" (from PIE root *meue- "to push away"). The sense of "strong feeling" is recorded by 1650s; extended to any feeling by 1808.
If you like this episode please can you do me a little favour and hit the like button on the video - helps us a lot! I really appreciate you all x ❤👊🏾
That piece of paper. That diploma. Those subsequent diplomas. That Honorable Discharge. That certificate. That knowledge I gained from Gill Lopez "Don't praise me, raise me"-Gill was a man who stuttered, however, when he spoke to his organization, people Listened. It's the talents. The skills. The drive. The determination. The attedance. The attentiveness. To the Issue. You should see this dietitian Clean. Shop. Study. Correlate. The Cold Throw..... I am a second generation Cantonese-Chinese American, Irish-English, French and German mix. A granddaughter of laundry and dry cleaners. A daughter of a professional waitress and ultimarely a past restaurant owner. A God Daughterof a Vietnam Marine, who was a policeofficer, then a lawyer, ...eventul government position. Daughter of an Army paratrooper who served in Vietnam. Former USAF Photographer. Role models. So here is one of the initial attraction of why I determine what candle, body wash, soap, various scents, gum, candy, treats I buy. Vanilla and mint in studies from decades ago have been shown to decrease appetite. I am so glued to This Podcast. As always I like the podcasts from this facilitator with a passion.
Correction. I am the former USAF photographer.
Any chance of getting dr Mike Isratael on the podcast guys really interesting and is the most knowledgeable guy in the health and fitness industry
Done
Fantastic interview. You certainly provided value to me through this content. Fix the table, less technical than mic. Rubberized coating
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
The mainstream advice on making money is overrated. The best thing you can do is invest in your own knowledge. Books are the ultimate learning tool. For instance, The Hidden Truths Of Wealth by Oliver Mercer gave me the foundation to start my first business and separate myself from 90% of people.
Rule 8 indicates you don't need a high IQ to be a good investor, just 2 qualities, self discipline and a lot of patience. Investing is mostly about behavioral psychology. How can I generate more income to retire with at least $3m for long term care?
We share common goal, making sure you are ready for your later years is very important. That's why passive investing works, low costs, better diversification and it enables people to overcome their behavioural bias especially if they engage professional help.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help
'Vivian Jean Wilhelm' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
Summary
1. Value preposition: focus on unmet needs that are worth a lot.
2. Marketing: attracting attention of interested people. Build prospects.
3. Sales: Bringing money in. Focus on selling benefits.
4. Management: Is removing barriers to the main work of your business.
Hiring: Here is what we are doing, here's y it matters, here's what ure doing, here's why it matters, here's how u do it.
Finance: Inflow cash less expenses to get net profit which u get to keep and is it enough!?
NB: Test your ideas for feedback.
Is this from the book?
I love your summaries.
Thank you
Thanks for this information it’s very helpful to me and well explained video.
You will miss a lot of good opportunities to make money online if you don’t have money.
As a new beginner you surely need a professional broker to guide you throughout this journey.
Consistency and determination matters a lot when it comes to online investment and mining.
I just got my second withdrawal successfully without any delay like it’s so weird to me.
I prefer investing my money than to save on banks for no returns but debit monthly from them.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
It appears that your investment advisor is highly skilled. Could you please let me know if you are still in contact with this advisor and, if so, how?
Iynne Marie Stella is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
This time last year I considered investing without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. One year and a couple of months in, and I'm almost debt free. I truly cannot stress enough how helpful experts in this field are!
How has your journey investing been? What assets did you invest in?
It’s not rocket science. I got into the stock market and started investing in some stocks without fully understanding how it works. Long story short, I lost it all. Jonas Herman, a licensed fiduciary is the brain behind my success. I've gotten into a plethora of assets with $10k spread across stocks (options and futures) for the short term and Roth IRA, index funds, and ETFs, for the long term. Now with over 77k in roi, I sit back and just reinvest at intervals while I focus on my career and family.
That's your view. In my experience, there is no such formula, it is nearly impossible to achieve success with investing. It’s all just gambling.
I just turned 47. I hope it's not too late for me to get started. How can I connect with him?
Hermanw jonas that’s his gmail okay
Just done Scott Galloway and now Josh Kaufman!? - Steven, you're on fire! 😮
Indeed
Same!!!
Most of my family are masters degree educated, and the general consensus is that you drop a large chunk of money for a bit of paper that will probably open doors, but the knowledge acquired directly from the masters usually isn't of much use in the real world.
In short, such qualifications are essentially buying your way into better employment. It has very little to do with actual ability or knowledge acquisition.
Then why do you think it is a door opener?
@@stephanied.k.3589because some employers won't even interview you if you don't have a degree. It opens the door
@@stephanied.k.3589cause it shows commitment both financially and time wise and they won’t think you’ll quit in just a year. They want obedience
@@stephanied.k.3589
Like minds. Experiences and knowledge shapes our perception of reality. It's the masters degree club. There is a religious club, a sports guy club, geek clubs, cultural clubs, race clubs, politics and other things that define our identities by shaping reality.
@@FullCircleTravis So they only want Masterminds even though Jack's are much cheaper and just as effective?😂
Recessions are an unavoidable part of the economic cycle; all you can do is prepare for them and plan accordingly. I graduated into a slump (2009). My first job after graduating from college was as an aerial acrobat on cruise ships. Today, I work as a VP for a global corporation, own three rental properties, invest in stocks and businesses, run my own company, and have increased my net worth by $500k in the last four years.
It's a delicate season now, so you can do little or nothing on your own.
Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
I have a female advisor named Lucia Alicia Cruz. I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.
Resissions are preventable. They are made by the banking industrie. Look into the work of Richard Werner.
Unfortunatly, that still doesn't help you overcome one.
Yeh write do you work and provide this video very helpful
this is so refreshing to watch. josh is very down to earth, not making huge claims, just presenting his logic and reasoning
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
Thinking 12hr learning is enough to master something instead of 10k is exactly my experience with many MBAs.
20hrs..not 12, he said
mba are scams
I have a business degree from a top university, following which I worked at a big four firm for ten years. I sucked at work though. I was way better at learning than doing.
Practice makes a champion. If you are good at learning but then you don't know how to implement it, why keep learning? Keep trying to execute on the things you learned already. Yes, you can expand on your knowledge but you need to use it too!
@@user-lj5oj3rk3qteacher is like a GOOD manager. It's not enough to know the theory, you need to show your hands on experience to be believable.
@senoral165 you think that if a person practises something enough, they'll become a champion. You also think it's important for people to keep trying to use what they've learned and to prioritise this over continuing to learn.
@user-lj5oj3rk3q like the phrase "those who can't do, teach" 😊
How badly did you suck if they kept you for 10 years? 😆
I just discovered your channel through this video. Case studies are extremely beneficial and I hope to see more in the future! Creating wealth includes developing habits, such as setting aside money on a regular basis for smart investments.
Yes, I do currently practice modest living and prudent money management. My investments have increased by 43% over the past 19 months. But I'm nervous because I've lost money in the last month. I can't decide if I should sell everything now or wait.
It's important to speak with a financial counselor prior to making any decisions on investments.
Yes true, I learnt that in 2023, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.
I'm new to this space and i've been getting suggestions to use one for a while, how can i find a decent one like the one you use?
Leah Foster Alderman is the licensed advisor I use. Just search the name. You’d find necessary details on the web to set up an appointment.
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
I started with 5,000$ and Withdrew profits
89,000$
I'm glad to write her tay I do hope she will help handle my paycheck properly☺️☺️☺️
Can I start with as low as $1,000?
Please who is this Mrs Sonia
This sounds so good and I would like to
be a party to this, is there any way I can
speak with her?
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
This is better then any 100K course in the world - period
Probably true from a knowledge perspective, but most employers just want to see a qualification certificate. In short, this video almost certainly won't open any doors while the 100k course likely will. If that sounds shallow, that's because it is.
Why do Americans say the word 'period' after a sentence?
@@teapot6219because they’re making a statement that is the basic essence of the topic. Period.
I think we already know…. No need for the word period
For the flourish @@teapot6219
Great video! I really have a question. For someone with less than $5,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach?
My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Thanks to my financial advisor, my portfolio is thriving, and I'm proud of last year's decisions.
I agree, investing without proper guidance can lead to mistakes and losses. last year. I did so many mistakes but also learned so much from it, If you're new to investing or don't have much time, it's best to get advice from an expert.
Nice. those who work with expert typically earn more than those who go it alone.
That's the more reason I prefer my day to day investment decisions being guided by an advisor. I been using my advisor for over 2years+ and I've netted over 1.2million.
@@pauljamescarr5113As a beginner what do I need to do? How can I start, If you know any please share.
Invest in the financial markets before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
This video really got me thinking about the best way to secure my financial future. With $340k saved up, I want to make a smart move that ensures stability and growth. Given the economic uncertainties and the points Scott Galloway raised about traditional paths to wealth, what would be the best investment strategy right now?"
Great question! It's so important to be strategic with your savings, especially in these times. Have you considered diversifying your investments? A mix of stocks, bonds, and real estate could provide both growth and security."
navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
please do you know any good F/A i can use to grow my funds/?
thank you for putting this out, it has rekindled the fire to my goal... was able to spot Linda after inputting her full name on the web, she seems highly professional with over a decades of experience.
Put that 340k in S&P 500 ETF (something like VOO, SPY) and in 20 years you'll be a multi-millionaire
Experience is more valuable than piece of paper...any day of the week!
Experience and a “piece of paper” is invaluable.
@@AntoineFL facts
It’s true that experience is very important and very valuable. However, on the job you are expected to produce (obviously); therefore, you cannot gain experience on a diverse set of topics at will. School is the place to gain exposure to a diverse set of topics (that you cannot on the job). After school you get a job and gain in depth experience on various topics. In my experience, you can gain in depth on the job experience on one topic every four or five years. Whereas at school you get exposure to five topics in one semester.
You need both - preparation for the work place at school and on the job training and experience. Naturally, that’s the traditional path for most people.
Very few people get ahead at a serious workplace without a diploma.
And there are many good jobs you cannot do without a “paper” - law, medicine, dentistry, pharmacy, etc.
At work, I can see that people without a diploma have something missing that limits them. Same in the military. In engineering companies technicians are jealous of engineers, and, in the military, NCOs are jealous of officers.
There are jobs where diploma means nothing - real estate agents, car salesmen, etc. Go for one of those if you don’t want to get a “paper.”
But you need it to get your foot in the door!
Unless your experience is only 3 months-- then they don't care.
I think I finally found courage to start my own bussiness thanks to what I learn in this episode! Much love
}
Josh Kaufman is a 🐐!! Best book on business I’ve ever read, so accurate and easy to understand 🔥 thank you for your contribution to my life!
Josh's Book on Personal MBA is quite good. And I have read the book and have an MBA :)
My husband and I are working on building our own business and this episode is gonna be so useful, thank you Steven 🙏. In our channel we try to share our knowledge as well!
It's a hardstep to take to build a business from scratch, but once you start the rest comes. Wishing you good luck guys!
I'm seeing you guys under every diary of a CEO comment section. Here, take my subscription and stop this already...
@@taylorjohnson-j1y Yes especially the hardest part is finding "THE" idea.
I can't believe there hasn't been more compliance with the subscription request. Honestly, makes no sense. This is a channel that produces fantastic content that helps you grow. You WILL come back to watch more. Don't be a tool... SUBSCRIBE!
really well made video but i do wonder why no one talked about the forbidden ebook Ads That Hypnotize People Into Buying Your Products. Missed opportunity to talk about this gem. But still great vid :)
I am in love with this imaginative and thoughtful approach to business. It’s about imagination and empathy. I am a self-made business person and this is EXACTLY the deeper journey that I walked. I will definitely check out Josh’s book. Thanks DOAC for this interview ❤️
I think getting a degree can be anything from "epic" to "catastrophic waste" and it just depends on the circumstances. If you live somewhere where degrees are expensive and you choose something that brings back little value, it is a waste. But in my case I think it was one of the best things I did: I live in Switzerland, so getting a degree is essentially free (the exams are just really brutal and you have two attempts each and if you fail twice you are locked out and cant ever study that profession again), the tuition is so cheap you can pay it as a small fraction of your part-time job. So I got a BSc and MSc in engineering. Then I did a PhD, which was a 100% paid position, so I was getting an advanced degree while earning between 80 and 90k a year on top during that time, I just had a lot of teaching duties to go with it. All of these degrees came from a Top 10 world-ranked uni, and I can definitely say it opened some great doors later on. But yeah if you take a study loan to get a degree in art history or something in the USA it might not be worth it money-wise...
Hi, how can someone from eeuu can get a 2nd BS from Switzerland?
Unfortunately in my country jobs are so scarce & more contingent on who you know than what you know. It is very possible to educate yourself out of the job market. You get overqualified & nobody wants to hire you cause they do not want to pay or you have a double Masters & your supervisor/boss barely finished high school so they feel threatened by you. Also studying is very expensive.
People are so afraid to leave the race and start their own thing! 🤯
im SO fckin scared man, its sickening and i dont know why
Very true, I’m in “corp america” and leaving the security of the health insurance etc… terrifies me especially with young kids
I lived with someone who started their own business, plus a family member and their spouse started their own business. You need to commit yourself to working 7 days a week putting in long hours, at least in the beginning. And if the business grows to where you need to hire employees, there is payroll and taxes and insurance. The woman I worked for sold the company to someone else because she was losing money. The new owner did much better because she had more experience. Get very, very educated in every aspect of business ownership before taking the plunge. Go in confident with what you know.
Very true, it takes tremendous amount of courage to take the first step and even more courage to keep it going.
Well explain thank you for bringing up this video Financial education is indeed required for more than 80% of the society in the country as very few are literate on the subject. Regardless of how bad in the economy I still make 65k from my i
lnvestment of 12k, Thanks to Miss Clara Brandon for her helpful guides.
I'm a newbie in investment, can you guide me on how did it?
Please can you leave the info of your Investment advsor here? I'm in dire need for one.
she's mostly on Telegrams, using the user name
Clara Brandon
this is her user name
I am new to the stock market. Every stock that I bought so far I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock.
I dropped out of my MBA program 2 classes in. Because it was not helping me in any way.
Instead I went back to do research and found a better return on investment was doing a coding bootcamp. So I paid 10k to learn software engineering in 3 months.
Fast forward I’m 4 years out of the program and already paid it back in full. I make 110k base salary plus 15k annual bonus. Work remote so I spend a ton of time with my family.
Next move is to buy a bunch of “boring” businesses like storage units and such as form of passive income.
Looking to retire my corporate career by 45.
I’m 32 now.
The next company will be harder to interview for so that is a good plan.
@@suz7110 definitely! I also don’t want to work corporate forever. It was just my stepping stone.
I forgot to mention I grew up poor so I don’t have generational wealth to fall back on so I have to create it. Only way to do that is through business ownership.
Thats awesome!! Which bootcamp?
@@mana_station I attended coding temple
They have several programs.
Remote and either with an instructor or self paced (I advise against self-paced)
And now I’m an alumni career coach as my side job! Happy to chat if you’re interested. My husband completed the program this past November and now he’s a finance analyst! Got a job 3 months out of bootcamp.
which bootcamp do you use?
Yes, I’m soooo grateful that I obtained my MBA, as my undergraduate was Biology and pre-med. I knew nothing about business upon graduating from college. Now I speak multiple languages, have traversed business areas that I didn’t even know existed, whilst making friends for life and extensive connections and colleagues that I have and use to this day. I don’t think I could have cultivated this type of lifestyle online--and I’ve lived in several countries across the globe and work remotely. I’ve gained loads of life knowledge and confidence with heaps of creativity and critical thinking. My MBA, albeit six figure price abroad, is worth its weight in gold, to catapult me into real world scenarios that keep me in life long learning. 🎉👍
I got my MBA at a university that was primarily a medical school. I was working in marketing at the University at the time, and they paid for most of my MBA. But the MBA program was very important to the University because it provided an easy way to educate scientist and doctors about business, because universities and hospitals are businesses.
Education is about networking as well.
What is your job position now ? And congrats on all your success
40 minutes a day!?!?!?! I can sit still for that long. Lesgo!
Let’s do it!
The day you finally decide to put subtitles in other languages (like TED does), you will get 15 million subscribers
Click auto translate select your language
@@jubinroy4987 There is no "auto translate" command on my RUclips. Automatic translations suck anyway. It would be helpful to have a professional do the translations and add subtitles in the various languages (like TED Talks do). I don't think Steven can't afford to pay professional translators... Especially since it would get him millions more subscribers.
Thank you. We are moving into the age of entrepreneurial world and this interview cannot be more important.
I am listening to this podcast while working on my little embroidery project that I want to grow into a business! I’ve never been this excited in my life 🤩 this video resonated so much and made so much sense. I am confident more than ever ❤❤
Good luck!
Business acumen is mostly a natural talent as evidenced by so many hugely successful business people with few or no 'formal qualifications'.
Just asking myself why on earth have I read so many books about this topic particularly because I am not a MBA, but a Neurolanguage Coach and communication skill Coach.
This podcast puts everything in a clear, easy understandable way. I am learning so much. Thank you so much for this value jam-packed podcast. Thanks Steven for hosting this amazing guest. Thanks Josh. ❤
I've been a Josh Kaufman fan since before he published The Personal MBA. Seeing him on one of my favorite podcasts is a treat. He inspired me to write my first book - The 10 Second MBA: "Get orders, fill them at a profit, collect the money (in any order), above your true break-even point, without running out of cash." That's every business model in a 10 second framework. Memorize that and then read Josh's book for more details.
I find this channel and your work so beneficial in learning so much about business and education. This has become my new favourite. I gain a hell of a lot from your interviews. As a small business owner and someone with a thirst for knowledge I’ll keep coming back for more.
Very insightful interview. When I interview investors on my channel, especially the CEOs it is both comical and interesting to me that they all have one thing in common: they don't invest in their "fancy" investment vehicles like their option ETFs, but rather keep it simple and stay focused on investments for the long-term.
My advise for all: Play the Infinite game.
My favorite part of the video was Benefit/Feature. Never thought of it like that. Thanks
I JUST FOUND OUT ABOUT HIS BOOK PERSONABLE MBA Freaking LAST WEEK. BOUGHT IT. Watched SO many old videos of him to then have this DROP TODAY!!!
I felt like this was made just for me 😂😂😂😂😂😂
Wow, I read/listened to his book years ago, and I'm surprised this is the first time I'm hearing him on a podcast, at least as far as I can remember. Thank you for bringing him on!
As someone in the process of getting my MBA, what I would say to everyone stating experience is better... well duh in a perfect world you'd go for experience. But businesses today aren't hiring anyone with no experience, even "Entry-Level" positions state they prefer 1-3yrs experience in a similar role. So if you're stuck in the matrix of not being able to get an opportunity then a higher level degree is a great way to stand out as even having a Bachelors doesn't do much for you anymore.
But even if you have MBA but no experience, you’re overlified on paper but not much on the real world. It’s the same thing but you spend extra money on MBA.
@@chebtremb2244it doesn’t matter if you’re over or under qualified if you never get hired. I’d rather take my chances to grow into the opportunity rather than not receive one.
@@chebtremb2244 Maybe so but I'd rather take my chances and put myself in a position to potentially grow into an opportunity than not receive one at all
Having a n MBA with experience is going to get you MORE opportunities than just having experience…..I am an HR Director and people just don’t and won’t understand this…in a competitive market having a degree is going to be part of your toolbox to compete with others…….without a degree, there is will be entire sections of corporate world that wil never look hire you….
It's interesting when the host know more than the guest , and he smartly control the information make sure they delivery the point to the viewers. Beautiful interview overall. Thank you both
Remove all friciton, he is talking about Atomic Habits. The more millionaire books and podcasts I listen to, the more of a pattern I see, and the same knowledge is circulating around
It’s because it works and everyone has there own take
Remove all friction, atomic habits, the one thing, $100M offers, they all talk about the same thing. I love it.
It really demystifies business for ordinary people.
This month marks for me one year since I started listening to this podcast and I am very grateful to Steven and the entire team for always pulling all this together. In fact this is my first podcast to have listened to. I am actually on the verge of coming up with a start-up and this could not have come at any better time than this. Thank you.
Probably the most value I got from a podcast and I am only half way through it 🎉. I wish this was available 5 years ago.
Steven, I have loved this show since forever and have learned so much over the years. My husband is Spanish speaking and I'd love to be sharing this with him and talk about all of these topics. Is there an option for Spanish subtitles in the future? It could open up the podcast to the Spanish speaking world!
Minute 16 he is saying that, business are created by people for the benefit of others. Is it still true:-??. ( Smoking companies, alcohol, vaping, process food, etc....) I think that a lot of them now are just thinking how to increase the profit, doesn't matter if they harm people.(my opinion).
You are very good person,and it’s true.🙏
Thank you the team of DOAC for the valuable content you been sharing.
Definitely agree! 📚 🔥
Practice beats theory!
Actions over textbooks!
What is contained in textbooks? Case studies, ideas, concepts, experience, commentaries. The day you document your experience with relevant commentaries, you have made a textbook. People don't just understand how tacit knowledge and explicit knowledge interact. Get the two and be exceptional.
these intros are getting annoying
I've watched two intros and have never done it again. I just immediately skip ahead to what I came here for! 🧠
it's why I unsubscribed lol
Just like your comment
No they’re not
Easy to skip forward 😉 They were made to hook people to watch the whole thing.
Look inward, find your own issues to hurdle over, go out into the world, find other problems, solve them and then make money off of it.
Make money from other people’s problems after you’ve decided you’ve fixed your own.
If you are having problems with mic being on the desk and getting vibrations. Just get a floor mount and put the mic on the floor. Or you can just get a shock mount, but it won't be as effective as putting your mic on the floor and put a shock mount.
The microphone problem solved a long time ago. It is called a spider, go buy one for your microphone asap. Also, get a sound tech to sort your vocal tone out while you are at it:) a little boomy.
Great episode
I think we may be in a period where the value of university education is becoming less relevant. The rise of mollycoddling students through their degrees so they don't quit (and lose the uni money) and the proliferation of AI (which students are using to complete their assignments) could well be producing graduates who indeed just have 'a piece of paper' but no critical skills that said piece of paper is meant to represent. Prior to the aforementioned, students HAD to brute force learn to not FAIL: this trial by fire period of highly pressured self-education does result in individuals that have a greater capacity for learning (and sticking with) difficult things, who then comparatively out do those who do not have that capacity. For me, I now work in software development (NOTHING to do with my degrees), but my degrees gave me the pressurised environment to learn HOW to learn and stick with difficult things. All in all, I believe the point of uni is -- or at least used to be -- to learn how to learn effectively, not to learn for specific careers (unless you're doing something vocational). Of course there are many more variables to success.
I have an MBA from more than 15 years ago. Its worth has become less and less as I have gained experience and got more qualifications, just as my primary school certificate has
I am in the same boat. It's completely useless
@jamesyoukhanis5074 I wouldn't go as far as saying it is useless. Would you say your primary school education was useless?
Of coz it is useless to you now, but it was essential for providing you with the foundation for advanced knowledge
31:02 mount the mics on a foam + rubber pad on the floor and let the guests bang the table 😊
I have a bachelors in business management and a MBA with a concentration in corporate law from a good school. I am a high rank director for a large corporation and earn more money than people would believe. It’s all about getting your foot in the door, but you’ll need an MBA to make it to my level, everyone on the executive leadership team has one. I tried to advance without it but kept getting picked over by someone that has it. Corporate America is still largely credential/qualification based so not sure what alternatives to college there are for that.
The solution to your mic problem already exists. Hundreds of other podcasts use it.
Use a mic stand on the floor! (Or use lav mics.)
The mic is not broken. The desk stand is not broken.
Don't use a desk stand!
I am so glad to hear about the importance of lifetime customers
Thank you for telling your guests not to bang their hands on the table. I watched an episode on Impact Theory and every few words, for emphasis and frustration on the topic, the guest would bang his hands or loudly rest his hands on the table. The amt of bass picked up, especially through car speakers, was enough to turn the episode off. It was so distracting and just annoying. Thanks for being mindful of how much that can impact the flow and listening experience of us viewers 🙏🏼.
Wish I had found this and Scott Galloways podcast 25 years ago, young people listen to these guys and take action
DISAGREE with this man. As a woman my MBA was worth it 💯 There is value in an MBA in the education and the community. There are more affordable options that the $240k mentioned. Mine was
I'm addicted to this podcast... shouldn't there have been a new episode yesterday? You provided so much free knowledge through these videos, thanks a lot.
Pad the table, mount the mic from the ceiling or use a floor stand.
Piece of paper - is just a convenient way to pass on information.
Experience & witness of it - should be faster/fastest way to learn.
In another word, I prefer to say : Play is best way to learn.
Thinking about the mic and table issue, you could have a hole in the table for the mic stand, so when guests hit the table, it doesn't impact on the mic 😉
@@lucindajholman The problem with the mic should be fixed by using a microphone shock mount. The product already exists.
When you said DJ'ing I about jumped out of my seat, ME TOO!! I just got a DDJ-FLX4 for fathers day... I'm 52 and learning to DJ for the first time in my life, it's so mich fun!!
It's a smart thing to start phrases in the intro that show interesting bits of the interview and cut before the interesting revelations. However, overdoing things is never a good idea. There are too many phrases starting and cutting right before revealing, so much so that it becomes annoying. Less is more. Cut some, reveal some, find a better mix.
"In life, there is really no such thing as a waste of time." i loved that
I got a business management degree while raising a family and working full time. In hindsight it was a waste of time and money. I got interviews but not the job. Companies usually highered a younger fresh out of college person
So I am from Pakistan, watching this podcast makes me feel like a fool where the cost and risks of doing business are so high. There are so many institutes churning out MBAs, the tax on salaried indiviuals is at all time high.
I think his rules apply to the first world.
They talked so much about candles that I am looking forward to getting my special candle CEO's signature. I need something that fits my new inner self!
There definitely IS such a thing as a 'waste of time'. And netflix is one of them.
no betterhelp sponsorship...you just earned a subscriber
timestamp?
@@TheOneMr not from this - just realized that they never partnered with them (or maybe just haven't since)
Please consider getting Billy Carson on the show. Think he would be great he was just on Joe Rogan's platform not to long ago. Billy built himself from the bottom up and is a millionaire today. Hope you would someday have him on this platform!!!🙏🏾
Hi Steve, just suspend the Mic from up and solve the banging on the table issue!!
No need for a contraption to hold it. 😮😮
Nice to see DOAC have more business leaders on recently with Scott Galloway and Josh here. I’ve said this before, DOAC is at its best with people like this.
An acquintance once said, "you can't teach a person what he doesn't already know, you only bring what he knows to his awareness" I agree, that is true but not always the case. For some reason I listen to this podcast while cooking. We all look to self develop in a lot of ways and we promise ourselves to learn new things on a daily basis, but sometimes with tbe craziness life comes with, it is easier said than done. Thank you for always bringing amazing minds to the show and for giving us a platform to learn. Thank you.
Value creation, marketing, sales, value delivery, finance,
Biggest issue with this is the admissions process.
1) the class size of elite universities is not growing at the same % as population growth.
2) a lot of universities are admitting students on the terms of being able to pay(universities knowing they will receive full payment) vs actual IQ/hard work.
3) DEI
Person A is 7th In class, published author at 14yrs old, way above average SAT, athlete, straight As etc…
Person B, 25th in class, average SAT(had to take it 2x), A-, BUT is lower class so government gives lots of AID.
Guess who gets priority. Person B
The question being asked at 14:54-14:56 is - if you are a CARPENTAR working for somebody else and want to run your own CARPENTARY business (do you know any other business (do you need to)?) - and hope to earn $10,000 is it achievable by most people?
If you are GOOD at carpentary or
If you want to RUN AWAY and AVOID carpentary and make carpentary happen through other people who (you presume) will love carpentary?
It's so funny the way when he introduces a thought, it seems dumb but the logic tells me right back that I am dumb but I can be smart by listening and taking action.
amazing eposide, this should be broken into 4-5 topics and each one tackled in details. Josh Kaufman have a wealth of information and stories to share. Amazing and great work team
Dear Josh, I really like your confidence. Thank you for helping me. This interview is special ❤❤❤❤❤❤❤❤
Loved the idea of the first 20 hours basically being your own pre-order of buy-in to the full project 💡
I did get an MBA, and if I would go back in time and had to make this choice again, I would still do it 100%. But I also worked for a self-made business man, who certainly did not need an MBA and who was an amazing on the job teacher for me. By the way, I have his book, and I bought it while I was doing my MBA study because I was curious. It is a nice read, however, it is nowhere near to how I experienced my MBA study. It wasn't just about learning about the topics as described in the book. It was much more about the very diverse group of people I had to spend 2 years of my life with, some of whom became friends for life. No book can replace that. That said, I understand that there is a big difference between business schools and their lecture programs.
Your shock mic is like every good idea I’ve ever had…. Done. A mic arm mounted to something other than the table works for me!
Isn't Microphone Shock mount a problem already solved? I do not understand the problem. Many microphones comer with shock mounts from the box. Shock mounts are available in stores.
With regards the mic/vibration problem, can't you just attach the mic to something other than the table? Have it attached to the ceiling instead of the table?
I love how all your questions are like, "I'm asking for a friend" whilst writing down mental notes
If someone says they want to have a business but consider an MBA they are not entrepreneurs. MBA, as name implies, is for business administrators aka beracrauts who by definition work for established companies. It teaches thinking business by application of best practices, implementing improvements and optimization - new businesses' utmost priority is to get traction, there is not much to govern or optimize.
As someone that has an Engineering Apprenticeship AND a BA Hons in Business Management I can agree the degree in BM is next to worthless!!
The opportunities I have benefited most from have been via the Engineering and experience.
When I did my MBA I had lots of classmates who were engineers or pharma grads. When they reached higher management positions they realised they lacked knowledge of finance & strategy etc to have a clear overview of the business and make decisions so for them the MBA really helped to grow in their role
Really enjoy the small snippets of different clips of what they’re talking about - like the iPod commercial clip! It’s relatable to the episode and gives you a visual of what they’re talking about! DOAC is my absolute favourite podcast - always growing and evolving!
Here's a part of the answer :
emotion (n.)
1570s, "a (social) moving, stirring, agitation," from French émotion (16c.), from Old French emouvoir "stir up" (12c.), from Latin emovere "move out, remove, agitate," from assimilated form of ex "out" (see ex-) + movere "to move" (from PIE root *meue- "to push away"). The sense of "strong feeling" is recorded by 1650s; extended to any feeling by 1808.