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How the 1% Protect Their Wealth During Economic Shifts | Eric Thomas (Archived Episode)
Greatness isn’t reserved for the lucky or privileged few. Success and wealth isn’t a right that anyone has been denied by bad luck of the draw either. Possibility is within your control when you learn to use the pain and live the life you’ve been given better than anyone else and you learn to see opportunities. But you have to execute to make sh*t happen!
Eric Thomas has been motivating people for years and is bringing his energy and passion to Impact Theory to share the keys to success. Eric, also known as the hip-hop preacher, is a speaker, an entrepreneur, educator, and author. He’s taken the hard path in life, not by choice, and learned how to achieve greatness by relentlessly executing.
You can achieve greatness but you have to take action and be accountable to yourself first and foremost. Think about what it is that you want to be best at and give that your total focus. Tom often says, ‘action cures all’ and Eric is living proof that action is a must once and once you release all of your excuses, you can become unstoppable.
“If there’s another mountain to climb, climb it!” -Eric Thomas
Check Out Eric’s latest book, You Owe You, Ignite Your Power, Your Purpose, and Your Why: https://www.amazon.com/You-Owe-Ignite-Power-Purpose/dp/0593234987
[Original air date: 9-1-22]
SHOW NOTES:
0:00 | Introduction to Eric Thomas
0:16 | This One Thing Achieves Greatness
4:24 | Cultivate a Winning Mindset
11:15 | The Real Power of Belief
21:11 | Break Up With Your Excuses
27:51 | You’re The Only One In Your Way
35:47 | Hold Yourself More Accountable
41:40 | Focus on Winning Life’s Challenge
51:00 | Become Unstoppable
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Netsuite:Spend less time looking backwards, and more time on what's next. Download the CFO's Guide to AI and Machine Learning at https://NetSuite.com/theory
Goldback: Goldbacks are currency for now, and for the future, get yours at https://impacttheory.co/GoldbackITNov
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Follow Eric Thomas:
Website: https://etinspires.com/home
YouTube: https://www.youtube.com/user/etthehiphoppreacher
Facebook: https://www.facebook.com/etthehiphoppreacher
Instagram: https://www.instagram.com/etthehiphoppreacher/
Twitter: https://twitter.com/Ericthomasbtc
What's up, everybody? It's Tom Bilyeu here:
If you want my help...
STARTING a business: join me here at ZERO TO FOUNDER
SCALING a business: see if you qualify here.
Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.
If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.
Join me live on my Twitch stream. I'm live daily from 6:30 to 8:30 am PT at www.twitch.tv/tombilyeu
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1:10:41
You Might Also Like: Smart Talks with IBM
Introducing Transformations in AI: Why Foundation Models are the Future from Smart Talks with IBM.Follow the show: Smart Talks with IBMMajor breakthroughs in artificial intelligence research often reshape the design and utility of AI in both business and society. In this special rebroadcast episode of Smart Talks with IBM, Malcolm Gladwell and Jacob Goldstein explore the conceptual underpinnings of modern AI with Dr. David Cox, VP of AI Models at IBM Research. They talk foundation models, self-supervised machine learning, and the practical applications of AI and data platforms like watsonx in business and technology. When we first aired this episode last year, the concept of foundation models was just beginning to capture our attention. Since then, this technology has evolved and redefined the boundaries of what's possible. Businesses are becoming more savvy about selecting the right models and understanding how they can drive revenue and efficiency. This is a paid advertisement from IBM. The conversations on this podcast don't necessarily represent IBM's positions, strategies or opinions. Visit us at https://www.ibm.com/smarttalksSee omnystudio.com/listener for privacy information.DISCLAIMER: Please note, this is an independent podcast episode not affiliated with, endorsed by, or produced in conjunction with the host podcast feed or any of its media entities. The views and opinions expressed in this episode are solely those of the creators and guests. For any concerns, please reach out to [email protected].
What's up, guys? Today I've got an incredible episode for you featuring the brilliant Codie Sanchez. If you don't know Codie, she's a master in the world of business acquisition and deal-making, and she's back with us for the third time! Codie's been on a mission to empower people to take control of their financial destiny through business ownership. Now, in this episode, we're diving deep into why ownership is the cornerstone of wealth accumulation and how you can find and take over small businesses—a hidden goldmine of opportunity.
Codie and I are going to explore the massive $68 trillion wealth transfer happening from baby boomers to younger generations, much of which is tied up in small businesses. You'll learn the critical steps Japan has taken to manage this kind of economic shift and why similar steps could create unparalleled opportunities for young people here. We'll also talk about the practical skills you need to succeed as a business owner and how to navigate the turbulent waters of entrepreneurship.
If you've ever thought about owning a business or are curious about how to build substantial wealth outside the stock market and real estate, this episode is a must-listen. Codie's insights will give you the tools and confidence to seize your financial future.
SHOWNOTES
BlackRock's influence can sway company decisions.
Small, nimble businesses can outperform large companies.
Young people face tough job and economic challenges.
Government printing money causes inflation and devalues.
Self-employment increases financial freedom and independence.
Criticism of governor became more accepted.
Behavioral economics essential for building wealth.
Stock market viewed as long-term gamble.
Men risk everything for an attractive woman.
Purchase for tools simplifying money-making decisions.
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Betterhelp:This episode is sponsored by BetterHelp. Give online therapy a try at https://betterhelp.com/impacttheory and get 10% off your first month.
ButcherBox:New users that sign up for ButcherBox will receive 2lbs of 100% grass fed ground beef in every box free for the lifetime of their subscription + $20 off your first box when you use code IMPACT at https://butcherbox.com/impact
Netsuite:Spend less time looking backwards, and more time on what's next. Download the CFO's Guide to AI and Machine Learning at https://NetSuite.com/theory
Goldback: Goldbacks are currency for now, and for the future, get yours at https://impacttheory.co/GoldbackITNov
Miro: Bring your teams to Miro’s revolutionary Innovation Workspace and be faster from idea to outcome at https://miro.com.
Legal Zoom: Launch, run, and protect your business at https://www.legalzoom.com/ – use promo code 'IMPACT' for 10% off!
Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact
What's up, everybody? It's Tom Bilyeu here:
If you want my help...
STARTING a business: join me here at ZERO TO FOUNDER
SCALING a business: see if you qualify here.
Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.
If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.
Join me live on my Twitch stream. I'm live daily from 6:30 to 8:30 am PT at www.twitch.tv/tombilyeu
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53:54
The 7 Strategies to Achieve Financial Freedom | Codie Sanchez - PT 1
Welcome to another episode of Impact Theory with Tom Bilyeu. Today, we embark on a critical exploration of economic and financial landscapes with our esteemed guest, Codie Sanchez. Together, Tom and Codie dissect pressing issues such as business ownership challenges, inflation's impact across generations, and the impending $68 trillion wealth transfer from baby boomers.
Codie provides profound insights into the current labor market, the revival of interest in trade professions, and the indispensable role of financial literacy. She brings her extensive expertise to the table, highlighting strategic business acquisitions, the significance of long-term investments, and the crucial aspects of self-awareness and risk management.
This episode delves into the far-reaching influence of major asset managers, the nuanced complexities of national debt, and potential economic trajectories. It also addresses the importance of understanding financial terminology and structures to navigate this landscape effectively.
SHOWNOTES
Unemployment linked to despair and loss of purpose.
Focus on ownership for wealth creation.
Economic cycles encourage finance success, require realism.
Deal clarity, origination, financing, due diligence, negotiation.
Learn everything; knowledge empowers negotiation and success.
Two types: risk-takers and cautious learners.
Understanding terms prevents bad financial deals.
Vendor declined podcast work over moral reasons.
Business decline by 2035 due to aging factors.
Vanguard conducts proxy voting for significant decisions.
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Betterhelp:This episode is sponsored by BetterHelp. Give online therapy a try at https://betterhelp.com/impacttheory and get 10% off your first month.
ButcherBox:New users that sign up for ButcherBox will receive 2lbs of 100% grass fed ground beef in every box free for the lifetime of their subscription + $20 off your first box when you use code IMPACT at https://butcherbox.com/impact
Netsuite:Spend less time looking backwards, and more time on what's next. Download the CFO's Guide to AI and Machine Learning at https://NetSuite.com/theory
Goldback: Goldbacks are currency for now, and for the future, get yours at https://impacttheory.co/GoldbackITNov
Miro: Bring your teams to Miro’s revolutionary Innovation Workspace and be faster from idea to outcome at https://miro.com.
Legal Zoom: Launch, run, and protect your business at https://www.legalzoom.com/ – use promo code 'IMPACT' for 10% off!
Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact
What's up, everybody? It's Tom Bilyeu here:
If you want my help...
STARTING a business: join me here at ZERO TO FOUNDER
SCALING a business: see if you qualify here.
Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.
If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.
Join me live on my Twitch stream. I'm live daily from 6:30 to 8:30 am PT at www.twitch.tv/tombilyeu
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--------
1:06:17
Are We Living in a Simulation? The Latest Evidence on Reality | Donald Hoffman (Replay)
Donald Hoffman, Cognitive Psychologist and Science Author, has proposed a theory of consciousness that challenges your everyday assumptions about what reality is. His argument is that our perceptions of cause and effect and what we experience in the physical world isn’t as real as you’d like to think.
The metaphor of the virtual headset he uses in these conversations with Tom explains why our experiences are limited and there are things like freewill that we never truly experience. If that’s not heavy enough for you, Hoffman bring mathematical equations into the picture to explain that all consciousness is mathematically structured.
This episode is a complete crash course into the world of Donald Hoffman and the illusion of space, time and reality. Some areas you’ll hear explored in this episode include:
Is Cause and effect real?
The God hypothesis and consciousness
Why your reality isn’t real
The Truth behind consciousness
How evolution hides the matrix (and what’s the red pill)
Testing reality & spacetime
Can you actually escape the matrix?
Do you think it’s possible life is a simulation and we’re in some version of a virtual reality headset?
[Original air date: 4-24-23]
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Betterhelp:This episode is sponsored by BetterHelp. Give online therapy a try at https://betterhelp.com/impacttheory and get 10% off your first month.
ButcherBox:New users that sign up for ButcherBox will receive 2lbs of 100% grass fed ground beef in every box free for the lifetime of their subscription + $20 off your first box when you use code IMPACT at https://butcherbox.com/impact
Netsuite:Spend less time looking backwards, and more time on what's next. Download the CFO's Guide to AI and Machine Learning at https://NetSuite.com/theory
Goldback: Goldbacks are currency for now, and for the future, get yours at https://impacttheory.co/GoldbackITNov
Miro: Bring your teams to Miro’s revolutionary Innovation Workspace and be faster from idea to outcome at https://miro.com.
Legal Zoom: Launch, run, and protect your business at https://www.legalzoom.com/ – use promo code 'IMPACT' for 10% off!
Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact
Follow Donald Hoffman:
Website:http://www.cogsci.uci.edu/~ddhoff/
Email: [email protected]
Twitter: https://twitter.com/donalddhoffman
Instagram: https://www.instagram.com/donalddhoffman/
What's up, everybody? It's Tom Bilyeu here:
If you want my help...
STARTING a business: join me here at ZERO TO FOUNDER
SCALING a business: see if you qualify here.
Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.
If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.
Join me live on my Twitch stream. I'm live daily from 6:30 to 8:30 am PT at www.twitch.tv/tombilyeu
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Uncover the truth behind the headlines and memes in an unbiased pursuit of what’s real.
From interviews and reactions to debates on the most important topics of the day, this podcast will challenge everything you know about current events, the economy, culture, and more. Tom Bilyeu’s Impact Theory helps you thrive in our complex world.
Hosted by Tom Bilyeu, a prominent entrepreneur and co-founder of the billion-dollar company Quest Nutrition, Impact Theory covers what matters today. From geopolitics and economics to AI, science, future tech, and beyond, Tom breaks down complex topics into their fundamental elements. Learn how to see the world clearly so you can navigate even the most disruptive era.
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