🔑 Key Takeaways
- Financial success is within reach for anyone, regardless of background. It's important to explore multiple avenues and have a resilient mindset to achieve abundance.
- Success is a result of trying different ideas and learning from failures. Starting a business doesn't always require huge investments; even small steps can lead to financial independence.
- You don't need extraordinary abilities to succeed. By consistently taking small steps, providing value, and seeking guidance from mentors, you can achieve success in your own terms.
- Having a clear vision and one clear goal with a timeline, adding purpose to your life by scheduling something exciting, and consistently making good decisions over time are key factors for achieving success.
- Success in business can be achieved through one significant breakthrough and perseverance. It is crucial to keep trying, experimenting, and taking action while maintaining a balanced life and embracing failure as a stepping stone towards sustainable success.
- Successful individuals prioritize focusing on one niche or market, committing their undivided attention to it, and recognizing the potential for substantial wealth in seemingly mundane businesses.
- Building a successful business goes beyond identifying a lucrative market; it requires establishing a product or business model that encourages repeat purchases. Success is also defined by personal relationships and the freedom to live a balanced and fulfilling life.
- Confronting uncomfortable truths and making necessary changes can lead to personal growth, freedom, and greater happiness.
- Success and fulfillment can be achieved by acknowledging achievements, practicing self-gratitude, and changing your relationship with yourself.
- Building confidence and seeking validation from within ourselves is crucial for personal growth and overcoming doubts and insecurities.
- Confronting fears and pushing through discomfort allows us to realize our true potential and achieve what we once believed to be impossible.
- Noah Kagan's journey teaches us the importance of valuing family, recognizing the underappreciated work of mothers, and finding worthiness in creating loving partnerships. It also emphasizes the need for healthy boundaries to balance family and work life.
- Prioritize personal well-being, set achievable goals, appreciate current blessings, and seek therapy for a healthier perspective on finances and life.
- Money and material possessions may enhance our lives, but true happiness and worthiness come from addressing internal insecurities, focusing on personal growth, setting achievable goals, and surrounding ourselves with supportive individuals.
- Therapy offers a valuable outlet for self-expression, reflection, and growth. By embracing therapy and being intentional, individuals can overcome challenges, find happiness, and create harmonious relationships.
- Despite challenges and setbacks, staying optimistic and shifting our mindset can lead to personal growth and positive changes in all aspects of life.
- By recognizing your worth and being kind to yourself, you can create a more fulfilling life filled with positive changes and greater success in all areas.
- By consistently following up, adopting a proactive learning approach, and maintaining a positive attitude, individuals can increase their earning potential and achieve greater financial success.
- Regardless of our circumstances, adopting a learning mindset and seeking guidance from others can lead to increased earning potential, success, and raising conscious and kind children.
- Show up, lead by example, and prioritize values over material possessions in parenting and financial responsibilities.
- Accepting oneself and seeking inner peace leads to healthier and more fulfilling relationships.
- Recognize your worth and allow yourself to enjoy the benefits that come with success, whether it be material possessions, relationships, or personal growth.
- Asking for what we want and treating ourselves well is essential in building confidence and realizing our self-worth. It's okay to enjoy the finer things in life and find a balance between humility and self-pride.
- Taking small actions consistently and being present for loved ones leads to personal fulfillment and success. Embrace opportunities and avoid a life of regrets.
- Focus on living a fulfilling life, treating others with kindness, and being true to yourself, rather than worrying about how others will remember you.
📝 Podcast Summary
Overcoming myths and finding the right path to financial success.
Anyone can achieve financial success and abundance, regardless of their background or starting point. It's a myth that people are stuck in certain financial situations and can't move up. Realizing that wealth is accessible to everyone is a crucial mindset shift. Another myth is that entrepreneurship is the only way to get rich. While starting a business offers unlimited potential, there are many other avenues, such as stocks and real estate, that can lead to financial success. It's important to explore different options and find what works best for you. Additionally, it's essential to understand that failure and challenges are a normal part of the entrepreneurial journey. It often takes multiple attempts to find success, and starting a business doesn't always require a significant amount of money. With the right mindset and determination, anyone can start a business and achieve financial abundance.
Learning from failures and taking action towards success.
Success often comes from a series of failures and experiments. It's important to try different business ideas and ventures to find what works for you. Noah Kagan emphasizes the value of taking action and learning from the businesses that don't work out. Each experience adds up and contributes to your growth and success in the long run. Another key insight Noah shares is that entrepreneurship doesn't always require a large amount of capital or risk. There are alternative ways to start a business, such as being a property manager or a cleaner, that can be just as profitable. The biggest obstacle for many people is simply getting started, and even making just $1 can be an empowering first step towards financial independence.
Taking Control of Your Destiny: The Realization and Motivation to Start Something New
Your job can be taken from you at any time. This realization can be a blessing in disguise as it motivates you to take control of your own destiny. Whether you want to start your own business or not, getting started on something is crucial. The key is to provide value to your current company or app while also developing skills on the side. Another important lesson is that ordinary people can get rich by simply showing up and getting started. It's not about having extraordinary abilities, but rather about taking small steps consistently. Lastly, having a coach or mentors can make a significant impact on your success, just like Mark Zuckerberg had.
The Power of Focus and Clarity
Having focus and clarity on your goals is crucial for success. Mark Zuckerberg's unwavering focus on connecting the entire world and reaching a billion users at the age of 24 demonstrates the power of a clear vision. It's important to know where you're going and have one clear goal with a timeline. Additionally, putting something exciting on the calendar gives you something to look forward to and adds purpose to your life. It could be as small as going golfing or getting ice cream. Lastly, while it's important to make good decisions, it's even more important to consistently make good decisions over a long period of time, as success is built on a series of choices.
The Power of One Big Hit and Persistence in Business
Success in business doesn't always require multiple hits or constant striving for more. Sometimes, all it takes is one big hit to make it big. This is evident from the example of Mark Zuckerberg, who had his major success with Facebook. Similarly, Noah Kagan, the speaker in the conversation, achieved success with app suma.com after trying and failing with numerous other businesses. The key is to keep trying, experimenting, and taking action. Additionally, it's important to find a balance in life and not solely focus on making money. Longevity, contentment, and a willingness to fail are traits that can lead to sustainable success in business and life.
Focus, Commitment, and Long-Term Success: The Key to Becoming Wealthy
Successful individuals, whether millionaires or billionaires, often focus on one main thing and excel in it. They don't spread themselves too thin by trying to juggle multiple ventures or industries. They pick a niche or market with billion-dollar potential and give their undivided attention to it. Additionally, they recognize that even seemingly mundane or unexciting businesses can be highly lucrative. They understand the value of finding opportunities in everyday tasks or services that people need, such as lawn care or pool maintenance. By identifying and capitalizing on these billion-dollar opportunities, they can create substantial wealth. So, rather than chasing multiple income streams or being attracted to flashy endeavors, it's important to find a niche, commit to it, and aim for long-term success.
The Importance of Creating a Reorder Business and Defining Success
Finding a billion-dollar market is not enough for sustained success. It's crucial to create a product or business in the reorder business, where customers need to buy your product repeatedly. This applies to a wide range of industries, not just tech. From pool care to basements, there are countless opportunities to make money in different ways. Success is also defined by personal relationships and freedom of time. Some successful individuals prioritize having adult children who genuinely enjoy spending time with them, while others measure success by not waking up to an alarm and having the freedom to pursue their passions. Ultimately, it takes time to find peace and clarity in business and life, but it's important to be patient and trust the process. Additionally, the COVID-19 pandemic has brought about a shift in mindset for some, highlighting the need for a more balanced and fulfilling lifestyle.
The struggle of accepting and acting on the truth
We often know the truth deep down, but it's hard to accept and act upon it. Noah Kagan's experience of being engaged in a relationship that wasn't working out highlighted this struggle. It took him two years to realize that he wasn't getting what he wanted and needed from the relationship. This is a common pattern in life, where we avoid facing the hard truth because it can be challenging and uncomfortable. However, once Noah had the courage to confront his situation and make the difficult decision to break up, he experienced growth and a newfound sense of freedom. This teaches us that we all have the capacity to do hard things and make necessary changes, even if it means letting go of something familiar or comfortable. Additionally, Noah's experiment with living a more abundant lifestyle, including exploring new experiences and taking care of himself, allowed him to find greater happiness and contentment. Money alone does not bring happiness, but using it to create a better life for oneself can have a positive impact on overall well-being.
Empowering Financial Change through Entrepreneurship
Entrepreneurship can be a way to change your financial situation. Many people struggle with money, but by pursuing entrepreneurship, you have the power to make a positive shift. It's important to recognize that the gap between where you are now and where you want to be is often closer than you think. As you grow older, you realize that the key to success and fulfillment lies within yourself. Being kind to yourself and practicing self-gratitude is essential. Rather than criticizing yourself, learn to acknowledge your achievements and be kind to yourself throughout the day. By changing your relationship with yourself, you can manifest positive changes in your life.
The importance of self-worth and self-acceptance for success and happiness.
Self-worth and self-acceptance are essential for success and happiness. Noah Kagan, the founder of AppSumo, built an $85 million business, but for many years, he felt unworthy and underqualified. He doubted his abilities and feared ruining his business. However, he gradually realized that he needed to face these insecurities and seek validation from within himself. By taking small steps, such as asking for feedback and doing things that made him feel good about himself, Noah began to develop confidence and self-belief. He learned that external validation is not as important as internal validation, and that in order to find peace and freedom in relationships and money, he had to confront his own pain and past traumas.
Confronting Fears and Embracing Growth
Facing our fears and embracing the hard things can lead to incredible growth and a newfound sense of capability. Noah Kagan shares his personal experiences of avoiding writing a book and taking on the CEO role at App Sumo, only to realize that he was more capable than he initially thought. He also discusses the challenges of committing to a relationship and preparing to become a father. Through these experiences, Kagan expresses his admiration and respect for mothers, highlighting their strength and resilience. The key takeaway here is that by confronting our fears and pushing through discomfort, we can unlock our true potential and accomplish things we once believed were beyond our capabilities.
Noah Kagan's Journey: Reprioritizing Family and Finding Worthiness
Noah Kagan's journey of becoming a father has shifted his priorities, leading him to value and prioritize his family above all else. He highlights the admiration he now has for working moms and stay-at-home moms, recognizing the underappreciated nature of their jobs. Additionally, Noah shares his realization that he never thought he was allowed to have a family or create a loving partnership. Through therapy and self-reflection, he has learned to feel worthy and deserving of these blessings. Professionally, Noah recognizes the need to establish healthy boundaries and deprioritize certain aspects of his work to make room for his growing family. He emphasizes the importance of showing up for his partner and child while still being able to find joy in his work.
Focusing on Internal Factors for Peace and Contentment
Emotional maturity and internal self-reflection are key to finding peace and contentment in both personal and financial aspects of life. Noah Kagan emphasizes the importance of focusing on internal factors rather than external validation, such as money and accomplishments. He shares that he used to chase ambitious goals and compare himself to others, leading to burnout and dissatisfaction. However, by setting less ambitious goals and competing with himself rather than others, he has found more calm and pride in his achievements. Additionally, he highlights the significance of acknowledging and appreciating the current blessings in life, rather than constantly yearning for more. Ultimately, therapy has helped him gain a better perspective on money and prioritize his personal well-being.
Rethinking Worthiness: Beyond Money and Material Possessions
Money and material possessions do not determine your worth or happiness. Noah Kagan, despite having a net worth of millions and owning a successful business, still felt unworthy of owning a nice house and buying nice things. This highlights the importance of addressing internal insecurities and fixing our sense of worthiness before relying on external factors to bring us fulfillment. Money may provide added benefits and conveniences, but it will not fundamentally change how we feel about ourselves. Instead, focusing on personal growth, setting achievable goals, and surrounding ourselves with people who challenge our ideas can lead to a more fulfilling and meaningful life.
The Power of Therapy: Unlocking Happiness and Personal Growth
Therapy can be a beneficial outlet for everyone. It provides an unbiased perspective for just a hundred bucks, allowing individuals to express themselves and receive helpful reflections. Through therapy, one can realize their worthiness of love, success, and nice things, ultimately leading to greater happiness. Therapy helps people accept themselves and face their challenges, pain, and sadness. It allows them to let go of previous identities and lifestyles that may be holding them back. By engaging in daily practices and being intentional, individuals can create harmonious relationships and find the right partner. Taking guidance from coaches or therapists and reflecting on recorded conversations can also aid in personal growth and decision-making.
Choosing Optimism in the Face of Challenges
Optimism is a choice, even when things aren't going well. Noah Kagan emphasizes the importance of staying optimistic even in the face of challenges and setbacks. He admits that it can be tough, but believes that being optimistic can lead to a brighter future. Lewis Howes shares that he too has experienced challenges, but chose to shift his mindset to see those challenges as opportunities for growth and improvement. Both Kagan and Howes agree that we have control over how we show up in life and how we react to adversity. By focusing on self-improvement, kindness, and generosity, we can create positive changes in our relationships and all other areas of our lives.
The Journey to Self-Value and Abundance
Learning to value and appreciate yourself is crucial in creating a fulfilling and abundant life. Noah Kagan shares his personal journey of realizing that he was generous with others but not with himself. He lived in a rundown house and believed he didn't deserve better. Through therapy and self-reflection, he gradually changed his mindset and started acting on the belief that he was worthy of great things. This led to positive changes in his life, such as leaving unfulfilling jobs and relationships. Kagan emphasizes the importance of experimenting and taking small steps to build self-worth, such as making decisions that make you proud and being generous with kind words to yourself. By valuing and appreciating yourself, you can increase your worth in various aspects of life, including financial abundance and personal relationships.
The Three Key Skills for Earning More Money: Follow Up, Learning Approach, and Attitude
There are three important skills for people to earn more money: follow up, learning approach, and attitude. Noah Kagan emphasizes that following up is crucial as many people fail to do so. Persistence and consistency in following up can lead to opportunities and success. The second skill is having a proactive learning approach. Continuous learning and seeking knowledge through courses and coaches can contribute to personal growth and career advancement. Lastly, attitude plays a significant role in earning more money. Maintaining a positive and solution-oriented attitude, regardless of the challenges faced, can make a substantial difference in productivity, teamwork, and overall success. These skills are available to everyone and can be honed to achieve better financial outcomes.
Embracing Growth and Learning for Success and Fulfillment
Regardless of our circumstances, we are all figuring things out in our own unique and challenging ways. It's important to have a learning mindset and keep growing, as this leads to increased earning potential and success. We can seek guidance from others who have gone through similar experiences and learn from their insights. When it comes to parenting, even wealthy individuals can face the challenge of not spoiling their children and raising them to be conscious, loving, generous, healthy, and kind. The key lies in finding a balance between providing opportunities and privileges while instilling values and teaching the importance of gratitude and empathy. It's a continuous journey of self-discovery and improvement for all of us.
Leading by example in parenting and finances
Leading by example is crucial in all aspects of life. It's important to show up and do the dirty work, not just outsource tasks and responsibilities. Money should be used wisely and parents should teach their children by demonstrating responsible financial behavior. Taking the time to understand what truly matters in parenting and actively showing up for it is essential. It's not about material possessions or external accomplishments, but about who we are as individuals and partners. Parenting is a continuous learning process and it's important to give our best and not be overly critical of ourselves. By committing and showing up, we can be proud of our growth and support our loved ones.
Unlearning old patterns for healthier relationships
We all have to unlearn certain beliefs and patterns in our relationships. Noah Kagan's experience of always feeling in trouble and unworthy in his old dating relationships resonates with many of us. But his current partner's kindness and support have helped him realize that he doesn't have to hold onto those negative feelings. It's important to have a teammate in a relationship who reminds us that they are on our side. Additionally, Noah's journey towards self-acceptance and inner peace teaches us that we shouldn't seek validation from external sources. Rather, we should focus on being at peace with ourselves, accepting our mistakes, and appreciating the life we have. It takes time and effort, but it's worth it to get to a place of calm and contentment.
Overcoming Guilt and Fear to Embrace Deserved Enjoyment
It is important to overcome feelings of guilt and fear to allow yourself to enjoy the things you deserve. Lewis Howes shares his personal journey of feeling guilty about spending money on himself and questioning if he truly needed certain things. He felt the need to constantly justify his choices and often opted for cheaper alternatives to save money. However, he eventually learned that it is okay to invest in his own comfort and well-being. By unlearning these limiting beliefs, he realized that he deserves to enjoy the benefits that come with success. This lesson applies not only to material possessions but also to relationships and personal growth. It is crucial to recognize our worth and allow ourselves to have the things that bring us joy and better serve our purpose.
Embracing Courage and Self-Worth
We shouldn't be afraid to ask for what we want or feel like we deserve nice things. Lewis Howes and Noah Kagan discuss the importance of being courageous and facing our fears. They emphasize the idea that if we don't ask, we won't receive. By taking small steps and putting ourselves out there, we can build our confidence and start believing that we are worthy of the things we desire. It's not about being flashy or showing off, but rather being proud of our accomplishments and treating ourselves well. We shouldn't hold ourselves back or feel guilty for enjoying the finer things in life. It's about finding a balance and embracing our self-worth.
The Path to Worthiness and Pride: Small Steps and Continuous Action
Worthiness and pride are not achieved through one grand achievement or magical moment. It is a continuous journey of doing small things that make us feel good about ourselves and repeating those actions over time. Noah Kagan emphasizes the importance of taking small steps every day to build a sense of pride and accomplishment. Additionally, he highlights the significance of showing up for our loved ones, being present, and never saying no to opportunities to be there for them. Ultimately, Noah's message encourages us to take action on our dreams and goals, to not live a "what if" life, and to strive for personal fulfillment and success in all aspects of our lives.
Prioritizing Personal Fulfillment over Legacy
Living the life you truly want is more important than worrying about your legacy. Instead of being concerned about whether or not people will remember you, focus on being true to yourself and living a fulfilling life. Another important truth is to treat others well and spread kindness by sending someone a nice message or gesture. Being generous and uplifting others can have a positive impact on both you and the people around you. Additionally, while entrepreneurship can be a valuable pursuit, the key is to be authentic and discover who you really want to be, rather than trying to emulate others. Lastly, greatness is defined as doing what you truly want and being proud of your achievements, regardless of external recognition.