Podcast Summary
Pursuing Passion Despite Financial Struggles: Focusing on passion and taking risks, even during financial hardships, can lead to great rewards.
Passion and determination can propel you forward even when you're facing financial struggles. Payne Lindsey, the creator of hit true crime podcasts like Up and Vanish and Atlanta Monster, shares his story of pursuing his dreams despite being broke at a young age. He was cut off by his father at 23 and had to drop out of college due to lack of funds. Instead of giving up, he threw himself into his creative projects, including music videos and eventually podcasting. The struggle made him more determined to succeed and he went on to create critically acclaimed podcasts and a television series. His story serves as a reminder that focusing on your passion and taking risks, even when you're broke, can lead to great rewards.
Persisting through financial instability leads to unexpected success: Despite financial struggles, never give up on your dreams. Keep pushing through and consider low-cost ventures to pursue your passions.
Persistence and refusing to give up on your dreams, even when faced with financial instability, can lead to unexpected success. Both Ryan and Jason's stories illustrate this idea. Ryan, despite being broke, didn't give up on his passion for acting and modeling, and eventually transitioned into real estate, which led him to opportunities in reality TV. Jason, on the other hand, continued to work on his podcast, Up and Vanished, even when he was turned down for a job and had no income. His podcast eventually took off, and he was able to make a successful career out of it. The key is to keep pushing through, even when the situation seems dire. Additionally, starting with a low-cost venture, like a podcast, can help individuals pursue their passions without incurring significant financial risk.
Creating a successful podcast with minimal resources: With passion and dedication, anyone can start a podcast with minimal resources and potentially gain success through creative storytelling and strategic advertising
With a minimal investment and a creative idea, anyone can potentially create a successful podcast. The speaker, Payne Lindsey, started Up and Vanish with almost no financial resources, just a mic and a passion for storytelling. He was inspired by true crime documentaries like Making a Murderer and The Jinx, and he put his time and effort into the project, hoping it would become something special. After investing a small amount of money in advertising, Apple featured Up and Vanish in their "new and noteworthy" section, which significantly helped the podcast's growth. The idea behind the podcast came from his fascination with true crime stories and his desire to tell a story himself. The financial aspect of creating a successful podcast may vary greatly depending on the industry and the specific deal, but the key to success lies in the creativity and dedication of the creator.
Exploring Career Paths in Film and Editing: Formal Education vs Self-Teaching: Success in film or editing can be achieved through formal education or self-teaching. Focus on honing your craft, building a network, and considering funding sources for filmmaking.
There's no one-size-fits-all approach to pursuing a career in film or editing. Some people may find success through formal education, while others may thrive by self-teaching and taking risks. The decision ultimately depends on an individual's personality, resources, and goals. For those considering college, it can provide valuable connections and resources, but it's not a necessity. Instead, focus on honing your craft and building a network of like-minded individuals. Regarding the cost of creating a film versus a podcast, the costs can vary greatly. A podcast can be started with minimal investment, while a film production can require substantial funding. For instance, a short film with a budget of $15,000 is considered modest. Those interested in filmmaking should research the industry, learn the necessary skills, and consider potential funding sources, such as grants, investors, or crowdfunding campaigns. The key is to be persistent and dedicated, as success often comes from hard work and determination.
Feeling like an imposter in a new creative endeavor: Despite no formal background, focus on work and ignore self-doubt to overcome imposter syndrome. Stay motivated and continuously learn to adapt and succeed in new creative projects.
Imposter syndrome, or feeling like you don't belong or aren't qualified, is a common experience for creatives. The podcast creator in this conversation shared how he felt this way when he started his true crime podcast, despite having no formal background in the field. He overcame it by focusing on his work and ignoring the self-doubt. He also emphasized the importance of staying motivated and continuously learning. The podcasting journey was new every time, but with determination and adaptation, he was able to create successful seasons. So, if you're feeling like an imposter, remember that it's a normal feeling, and the best way to overcome it is by putting your energy into your work and believing in yourself.
Trusting your instincts and taking risks: Success often comes from following your gut feeling and being persistent, even when it's uncomfortable or uncertain. Don't be afraid to ask for help or information and take calculated risks to achieve your goals.
Following your instincts and not being afraid to ask for help or information can lead to great success, as demonstrated by the story of the Up and Vanished podcast. The host, who started by simply googling unsolved cases, found the story of Tara Grinstead and was drawn to it based on her gut feeling. She reached out to experts and even knocked on doors of potential suspects or their relatives, despite feeling nervous. Her determination and willingness to take risks paid off with a hugely successful podcast, which reached number 18 on the overall charts and had millions of downloads. This story illustrates the importance of trusting your instincts, being persistent, and being willing to take calculated risks in order to achieve your goals.
Approaching potentially dangerous situations with calmness and curiosity: Engaging suspects or unfamiliar situations with calmness and curiosity can lead to valuable insights and information
Approaching a potentially dangerous situation with calmness and curiosity can lead to valuable information and understanding. The speaker, Payne Lindsey from Up and Vanished, shared two experiences where his nerves were heightened, but he was able to use his instincts and communication skills to gain the trust of the individuals involved. In the first instance, he encountered a suspect with a gun who was suspicious of his presence. Instead of reacting with fear, Payne acted as if he knew the man and engaged him in conversation. This approach led to a lengthy discussion and multiple follow-up meetings. In the second instance, Payne was approaching a suspect in a more traditional investigative setting. Although the situation was not as immediately dangerous, Payne's approach of not posing as a threat and showing genuine interest in the person's story led to valuable information being shared. These experiences demonstrate that approaching a potentially dangerous or unfamiliar situation with a calm and curious demeanor can lead to valuable insights and information, whether in a personal or professional context.
Creating a Podcast Network with Advance Payments: Leveraging advance payments from partners enabled Payne Lindsey to grow Tenderfoot TV without debt or loans, focusing on content creation and expansion.
Payne Lindsey, the creator of the hugely successful podcast "Up and Vanished," leveraged its success to launch Tenderfoot TV and expand into a network of podcasts. By securing advance payments from partners like Cadence 13, Lindsey was able to grow the business without taking on debt or loans. Monetization for shows like Up and Vanished comes primarily through advertising, but Lindsey also sells the rights to entire seasons to advertising agencies, who then sell ads exclusively for those shows. This strategic approach allowed Lindsey to focus on creating content and growing the business without worrying about administrative fees or upfront costs.
Embracing uncertainty and taking risks: Success in podcasting requires taking calculated risks, expanding your network, and staying determined despite uncertainty. The potential rewards can outweigh initial fears and doubts.
Success in the podcast industry, or any industry really, requires taking risks. The speaker started with modest expectations and was surprised by the potential income from their podcast. They grew their business by expanding their network and creating more shows, eventually aiming for a large-scale acquisition. However, this journey was filled with uncertainty and the possibility of failure. Despite the risks, the speaker's determination and persistence led to significant financial success and personal growth. This story highlights the importance of embracing uncertainty and taking calculated risks in pursuit of your goals. It's a reminder that the potential rewards can far outweigh the initial fears and doubts.
Embracing risks for bigger opportunities: Taking calculated risks can lead to valuable learning experiences and future successes, even if initial attempts don't yield immediate financial rewards.
Taking risks is essential for achieving great things. The speaker emphasizes that even if some risks don't pay off, the learning experience can lead to bigger opportunities and successes down the line. They also mention that the fear of failure should not prevent one from pursuing their goals. In the podcasting industry, for instance, creating good content is crucial, and financial gains are a bonus. The speaker's ultimate goal is to create scripted TV shows, as they believe the potential rewards are greater both financially and professionally.
Trusting your instincts and persistence: Focus on valuable IP, make decisions, and learn from experiences to overcome challenges and achieve success.
Persistence and trusting your instincts are key to overcoming challenges and achieving success. Payne Lindsay shared his experience of producing a TV show despite facing numerous obstacles and the importance of focusing on valuable IP and making decisions instead of overthinking. He emphasized the need to balance research and wise decisions with the courage to take action and learn from experiences. This approach can be applied creatively and in business situations. Up and Vanished, Payne's podcast, is a testament to his resilience and ability to grow from challenges. You can find his podcast on various platforms and follow him on social media @painlindsay. Remember, don't overthink things, make decisions, and trust your gut.
From $0 to Making Millions with a Podcast: Starting a podcast with minimal resources can lead to significant financial success, reaching millions in downloads and generating substantial income.
Starting a podcast from scratch with minimal resources can lead to significant financial success. The story of a podcast creator going from having $0 in his account to making millions is inspiring and a reminder that even small wins should be celebrated. With 57,000 reviews and 400,000,000 downloads, this creator's podcast is a clear success story. From a perspective of comparison, making $1,000,000 a year is achievable for podcasts with around 5-6 million downloads per year. However, reaching such numbers and owning the IP can lead to immense wealth. True crime podcasts have been gaining popularity and taking over the world due to the fascination with who can get away with murder and gain the most fame in prison. Shows like "Chicago" and "Doctor Death" are examples of this trend.
The Fascination with True Crime Stories: True crime stories are popular due to human curiosity, the thrill of solving mysteries, and the accessibility of information. However, excessive consumption can lead to negative emotions.
There seems to be a widespread fascination with true crime stories and investigations, as evidenced by their popularity in media and entertainment. This phenomenon can be attributed to a combination of factors, including the human desire to understand complex situations, the thrill of putting oneself in the role of detective, and the allure of fame and attention for those involved. Additionally, the availability and accessibility of information through various media platforms have made true crime stories more prevalent and consumable than ever before. From a business perspective, understanding this trend can help individuals and companies create content or products that cater to this audience and potentially make a positive impact or change. However, it's important to consider the potential negative effects of consuming excessive amounts of true crime content, such as anxiety and fear.
The Origins of Fame and Financial Consequences: Be cautious with spending and resources, especially when starting a business or in financial hardship.
The current entertainment landscape, as seen in the popularity of shows like Squid Games on Netflix, can be both intriguing and concerning. While it stimulates the brain and captures our attention, it also raises questions about the origins of fame and the potential financial consequences for individuals, especially when they have limited resources. The speaker emphasized that when people lack money, it can be challenging to make sound financial decisions. This issue is highlighted by the increasing credit card debt balances in America, which rose by over $13 billion in one quarter during 2021. The speaker's advice for those struggling financially is to be extra cautious with spending and resources when starting a new business or trying to get by. The analogy provided is that regardless of income level, everyone experiences stress, and it's crucial to be mindful of financial choices at all times.
The relationship between wealth and happiness plateaus: Beyond a certain income level, additional wealth may not significantly increase overall happiness due to stresses and complexities of managing wealth and societal expectations.
While income may increase, the percentage of disposable income that contributes to overall happiness seems to level off or even decrease for those earning above a certain threshold. The stresses and complexities of managing greater wealth and the accompanying expectations can outweigh the benefits. A study on wealth and happiness could potentially support this theory. Additionally, the world of social media, NFTs, and the influencer space or the inner workings of corporate America are intriguing topics for documentaries that could expose or debunk theories and shed light on the people and processes behind the scenes.
Exploring the Intricacies of Casinos and Human Curiosity: Listeners were encouraged to explore deep-dive topics related to money and industries, including casinos' psychology, taxes, and funding of cancer research. The hosts promised to delve deeper in future episodes and invited listeners to join their networking group and receive daily advice from a day trader.
Our guests on this episode of Trading Secrets expressed a strong curiosity and desire to explore various deep-dive topics related to money and industries. Specifically, they discussed the intricacies of casinos, including the psychology behind their design, taxes and interest, and the funding of cancer research. These topics reflect a broader human curiosity to understand the root causes and results of various phenomena in our world. The hosts encouraged listeners to share their own topic suggestions and promised to delve deeper into them in future episodes. They also invited listeners to join their networking group and offered daily advice from a day trader. Overall, the episode emphasized the importance of curiosity and the value of gaining knowledge and understanding in various areas of life.
