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    Charles Duhigg: Become a Superconnector, How to Build Lasting Relationships That Matter | E273

    enFebruary 19, 2024

    Podcast Summary

    • Understanding Perspective and Making ConnectionsEffective communication involves asking open-ended questions, understanding someone's perspective, and building meaningful relationships for happiness and success.

      Effective communication is about more than just asking questions or sharing information. It's about understanding the other person's perspective and making meaningful connections. Pulitzer Prize-winning journalist and author Charles Duhigg shared insights from his new book "Smarter, Faster, Better" on the Young and Profiting podcast. He emphasized the importance of asking open-ended questions that show genuine interest and avoid reducing someone to just one identity. Duhigg also highlighted the Harvard Adult Happiness Study, which found that meaningful relationships are a key determinant of happiness and success. In the past, Duhigg discussed his reporting in Iraq and his transition from business to journalism. He shared that he initially started a medical education company after graduating from Yale, but realized he wasn't cut out for leadership and went back to business school to get an MBA. After selling the company, he faced a difficult decision between private equity and journalism, ultimately choosing the latter for its variety and opportunity to make a difference every day.

    • Learning from Rejection and CriticismEmbrace rejection and criticism as opportunities for growth, stay positive, take a break to process, and use as motivation to improve and prove critics wrong. Failure is a necessary part of progress, and learning from it leads to success.

      Rejection and criticism are inevitable on the path to success, and it's essential to learn from them rather than letting them discourage you. The speaker, a top podcaster, shared his personal experience of being rejected from various jobs and opportunities but turning those experiences into learning opportunities. He emphasized the importance of staying positive, taking a break to process the criticism, and then using it as motivation to improve and prove the critics wrong. The speaker also highlighted the value of failure and learning from it, comparing it to the scientific method where success and failure are both necessary for progress. By reframing criticism as a gift and an opportunity to grow, one can overcome the initial sting of rejection and ultimately achieve success.

    • Gratitude for past failures and inspiration for growthEffective communication involves aligning practical, emotional, and social components in all types of conversations.

      Life is a series of experiments, and failures are opportunities for growth rather than signs of inadequacy. The speaker, a fan of the author's work, expresses gratitude for the impact of the author's first book, "The Power of Habit," on her life. The author reveals that her new book, "Supercommunicators," was inspired by her own communication struggles and a desire to improve. Conversations, the author explains, are more complex than they seem, consisting of practical, emotional, and social components. Effective communication involves aligning the types of conversations and engaging in all three types authentically. The author's approach to writing is to identify areas of personal weakness and address them through her work.

    • Effective communication involves recognizing different types of conversations and adjusting our approach accordinglySupercommunicators use a combination of casual and deep questions to build trust and understanding, creating an atmosphere of openness and vulnerability for more meaningful conversations

      Effective communication involves recognizing different types of conversations and adjusting our approach accordingly. Supercommunicators, like Felix from the FBI crisis negotiation unit, have the ability to connect with almost anyone by asking questions and showing genuine interest. They use a combination of casual and deep questions to invite others to share their values, beliefs, and experiences, building trust and understanding. By asking more questions than the average person and actively listening, supercommunicators create an atmosphere of openness and vulnerability, making it easier for others to connect with them. This approach can lead to more meaningful and productive conversations, whether in person, online, or in writing.

    • Looping for Understanding: Demonstrate Your Intent to UnderstandAsk questions, repeat back what's been said, and seek validation to show engagement and understanding in conversations, building trust and strengthening relationships

      Effective listening in conversations goes beyond just giving the appearance of listening through nodding or making eye contact. To truly show that we're engaged and understanding, we should ask questions, repeat back what we've heard in our own words, and ask for validation. This technique, known as looping for understanding, helps build trust, strengthen relationships, and encourage open communication. It's different from mirroring, which is used to extract more information from the speaker. By actively demonstrating our intent to understand, we create a more meaningful and productive conversation.

    • Shopify: Powering 10% of US ecommerce with ease and AI toolsShopify's user-friendly platform, top-performing checkout system, and AI tools help entrepreneurs sell more and succeed with less, making it a go-to choice for 10% of all US ecommerce.

      Shopify is a powerful tool for entrepreneurs looking to start and grow their businesses. With its easy-to-use platform and top-performing checkout system, Shopify has helped power 10% of all ecommerce in the US, from well-known brands to individual sellers. The platform's AI tools, like Shopify Magic, make it easier than ever to sell more with less, while its award-winning help ensures success every step of the way. And for those looking to invest, Yahoo Finance offers a unified view of all investment accounts, providing valuable tools and data to help make informed decisions. As for communication skills, supercommunicators not only ask deep questions and seek to understand, but they also tend to laugh more and console more than the average person, using laughter as a way to connect and build relationships.

    • Ask emotional questions for deeper connectionsEffective communication involves asking emotional questions to build deeper connections, reveal vulnerabilities, and create neural entrainment. Sharing personal experiences also plays a crucial role in building genuine relationships.

      Effective communication goes beyond asking superficial questions. Instead, ask emotional questions that invite deeper responses and reveal vulnerabilities. This approach allows you to connect with people on a more meaningful level, discover common ground, and build stronger relationships. By acknowledging and reciprocating vulnerabilities, you create a sense of neural entrainment, which is the key to successful communication. While listening is crucial, don't underestimate the importance of sharing personal experiences to build a genuine connection. Remember, most conversations aren't interviews; they're opportunities to engage, relate, and grow together.

    • Effective communication leads to deeper connectionsSuccessful conversations involve asking questions and sharing personal info, creating equity and building connections. Biological signals like neural entrainment enhance deep conversations, allowing us to build families, communities, and civilizations.

      Meaningful conversations require both asking questions and sharing personal information. According to a study by Harvard researchers, successful speed daters were those who asked follow-up questions and shared information about themselves, even if it wasn't asked. This creates a sense of equity and builds a connection. Our brains are wired for connection due to our ability to communicate effectively, and deep conversations can lead to feelings of wonder and happiness. During such conversations, there are biological signals like neural entrainment, which cause our pupils to dilate, breath and heart rates to synchronize, and neural activity to become more similar. Communication is a powerful tool that has allowed humans to build families, communities, and civilizations. By understanding how conversations work and practicing effective communication skills, we can let our natural instincts take over and foster deeper connections with others.

    • Understanding and connecting with others through effective communicationIdentify conversation type and respond accordingly, use deep questions, active listening, nonverbal cues, and sharing successes/failures to foster stronger connections

      Effective communication is about understanding and connecting with others, rather than changing their minds or finding common ground. Neural entrainment, the process of aligning brainwaves, can help foster this connection, especially in group settings like lectures or concerts. However, not every conversation needs to be deep or lengthy. When we're struggling to connect during a conversation, it's important to identify the kind of conversation happening (practical, emotional, or social) and respond accordingly. Asking deep questions, proving active listening, and looking for nonverbal opportunities to connect can help bridge the gap. Sharing both successes and failures can also make us more relatable and open to others. Remember, the goal is to understand and be understood, leading to stronger connections and increased trust.

    • Understanding different types of conversations: practical, emotional, and socialEffective conversations require both connection and alignment. Prepare for practical decision making conversations by experimenting to gauge tone and adjust communication accordingly.

      Effective conversations require both connection and alignment. To illustrate, let's delve into the three types of conversations: practical decision making, emotional, and social. The first type, what's this really about, is focused on negotiation and figuring out everyone's wants. For instance, asking someone if they want to be helped, heard, or hugged can reveal their needs. These silent negotiations aim for understanding rather than winning. To prepare for such conversations, consider conducting experiments, like interrupting or telling a joke, to gauge the conversation's tone and adjust communication accordingly. Remember, even seemingly minor failures are valuable learning opportunities for supercommunicators.

    • Preparing for conversations can improve communication and reduce conflictWriting down potential topics and goals for conversations can lead to less anxiety and successful interactions, while being attuned to nonverbal cues and emotions can deepen understanding and empathy.

      Being intentional and preparing for conversations can significantly improve communication and reduce conflict. In the first experiment, participants who wrote down potential topics for conversation reported feeling less anxious and had more successful interactions, even if they never mentioned the topics. In the second experiment, writing down goals for meetings led to a 80% decrease in conflict. Before starting a conversation, it's worth taking a moment to consider what you hope to accomplish and how you can signal your intentions to the other person. Additionally, being attuned to nonverbal cues and emotions in conversations can help deepen understanding and empathy between parties. Instead of focusing on finding solutions or giving advice, in a "how do we feel" conversation, the goal is to listen and empathize with the other person's emotions. By paying attention to energy levels and moods, we can better understand and respond appropriately to the emotions being expressed. Overall, being intentional and attuned in conversations can lead to more successful and fulfilling interactions.

    • Effective communication in emotional conversationsAsk open-ended questions to validate feelings and deepen understanding in emotional conversations at work.

      Effective communication in emotional conversations at work involves validating feelings and actively listening. Asking open-ended questions, such as "what do you make of that?" can help draw out emotions and deepen understanding. However, the workplace environment may not be conducive to overt emotional expression, so it's important to consider the power dynamics and cultural norms at play. The story of Doctor Bafar Adai illustrates the importance of asking open-ended questions to truly understand what people mean when they share their feelings, even if it seems unrelated to the topic at hand. By validating emotions and actively listening, we can build stronger relationships and more productive work environments.

    • Shifting from small talk to meaningful conversationsAsk open-ended questions for deep, meaningful conversations in personal or professional settings. Active listening, empathy, and thoughtful questions lead to deeper connections and better outcomes.

      Effective communication, especially in sensitive situations, requires a shift from small talk to meaningful conversations. During emotional discussions, people are not primarily concerned with medical options or personal facts, but rather with the emotional impact on their loved ones. Asking open-ended questions, such as "what do you make of this?" can lead to deep, meaningful conversations. Moreover, in the business world, using a powerful hiring platform like Indeed can save time and resources by attracting, interviewing, and hiring the right candidates efficiently. Small talk, on the other hand, is a waste of time during meaningful conversations as it often leads to dead ends and superficial interactions. However, any small talk can be transformed into a deep conversation with a simple, thoughtful question. In summary, having meaningful conversations, whether in personal or professional settings, requires active listening, empathy, and open-ended questions. Effective communication can lead to deeper connections, better hiring decisions, and a more fulfilling life.

    • Recognize multiple identities and perspectives for effective communicationAcknowledging and incorporating all identities fosters equal and productive conversations, leading to better relationships and a more inclusive environment.

      Effective communication, especially in social conversations, requires recognizing that individuals have multiple identities and perspectives. Reducing someone to just one identity can create a power imbalance and hinder understanding. Instead, acknowledging and incorporating all identities allows for a more equal and productive conversation. Furthermore, understanding the type of conversation we're engaged in, whether emotional, practical, or social, is crucial for successful communication and neural entrainment. By being aware of the conversation's nature and making shifts together, we can connect and communicate more effectively. This not only leads to better relationships but also fosters a more inclusive and empathetic environment.

    • The Power of Effective CommunicationSuper communicators prioritize connection and understanding, adapt to various conversation styles, and experiment to build stronger bonds and deeper connections.

      Effective communication is about connection and understanding, not just impressing or convincing others. Super communicators demonstrate their desire to connect through their actions and responses in conversations. By being open to different types of conversations and experimenting with communication styles, we can build stronger bonds and foster deeper connections, even when we disagree or have different opinions. The ability to adapt and respond to the conversation at hand is crucial for successful communication, especially in today's complex and diverse world. So, read "Super Communicators" by [Author's Name] to learn more about the power of effective communication and how to apply these skills in your own life. The book is available starting February 20, 2024.

    • Effective communication builds meaningful connections and understandingInvesting time and effort in building authentic relationships through thoughtful conversations leads to personal and societal growth

      Effective communication is essential for personal and societal growth, especially during polarized times. As Charles Duhigg emphasized, the ability to converse with individuals holding different opinions and backgrounds is crucial in fostering meaningful connections and understanding. He advocated for asking deep questions and genuinely listening to others to build stronger relationships. The Harvard Adult Happiness Study supports this notion, revealing that having a handful of meaningful connections at age 45 significantly contributes to overall health, happiness, and success later in life. Duhigg also highlighted the importance of independent bookstores as community hubs and encouraged readers to reach out to him via email for potential conversations. In essence, becoming a super communicator involves investing time and effort in building authentic relationships through thoughtful conversations.

    • Effective communication goes beyond speaking clearly and asking questionsSupercommunicators listen actively, show empathy, and build connections through vulnerability and laughter. Practice asking thoughtful questions, repeating back what you've heard, sharing personal stories, and engaging in emotional conversations to become a better communicator and build deeper relationships.

      Effective communication is about more than just speaking clearly and asking questions. Supercommunicators listen actively, show empathy, and create meaningful connections through vulnerability and laughter. To do this, they ask thoughtful follow-up questions, repeat back what they've heard for understanding, and engage in emotional conversations with genuine interest. They also share personal stories and laugh together to build trust and rapport. By practicing these skills, we can all become better communicators and foster deeper, more meaningful relationships with those around us. So, next time you're in a conversation, try asking a question that shows you care, repeat back what you've heard to ensure understanding, and share a personal story to create a connection. And don't forget to laugh – it's a powerful nonverbal signal that shows you're engaged and open to connecting.

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    Dean Graziosi watched his hardworking parents struggle financially. Driven to break the cycle and create a secure, prosperous future, he turned to entrepreneurship. He started a firewood business in high school, fixed wrecked cars, and ran a tow truck company, among other ventures. By 25, he had amassed millions of dollars in real estate. By 30, he had retired his parents. In this episode, Dean shares his journey, the power of the underdog mindset, and strategies for turning adversity into success. Dean Graziosi is a renowned entrepreneur, real estate investor, and bestselling author known for his expertise in personal development. He has started or played a major role in over 14 successful companies, including the Mastermind.com platform. In this episode, Hala and Dean will discuss: - Dean's journey from humble roots to millionaire by his mid-20s - Using financial struggles as a drive to succeed - Resourcefulness over having resources - What is the Underdog Advantage? - How to adopt an underdog mindset  - Desperation as a powerful tool for persuasion - Maintaining enthusiasm and authenticity in sales - The biggest misconception in business - Why you need confidence to make sales - Overcoming the fear of failure and impostor syndrome - And other topics… Dean Graziosi is a multiple New York Times bestselling author, entrepreneur, and educator. He has started or played a major role in over 14 successful companies, including the Mastermind.com platform. His books include Millionaire Success Habits and The Underdog Advantage. Dean’s philanthropic contributions include donating over 8,000,000 meals to Feeding America to help feed families in need, building multiple schools in Africa with the help of Village Impact, and donating $500,000 to help liberate children from human trafficking and sexual exploitation through Operation Underground Railroad. Connect with Dean: Dean’s Website: https://www.deangraziosi.com/  Dean’s LinkedIn: https://www.linkedin.com/in/deangraziosiinc/  Dean’s Twitter: https://twitter.com/deangraziosi  Dean’s Instagram: https://www.instagram.com/deangraziosi/  Dean’s Facebook: https://www.facebook.com/deangraziosi Dean’s Podcast, Own Your Future: https://podcasts.apple.com/us/podcast/own-your-future-with-dean-graziosi/id1085301578  Resources Mentioned:  YAP Episode #294 with Dean: https://youngandprofiting.com/dean-graziosi-its-never-been-easier-to-turn-your-passion-into-entrepreneurial-success-e294/  Dean’s Books:  The Underdog Advantage: Rewrite Your Future by Turning Your Disadvantages into Your Superpowers: https://www.amazon.com/Underdog-Advantage-Rewrite-Disadvantages-Superpowers/dp/0578568462  Millionaire Success Habits: The Gateway to Wealth & Prosperity: https://www.amazon.com/Millionaire-Success-Habits-Gateway-Prosperity/dp/1401975763  LinkedIn Secrets Masterclass, Have Job Security For Life: Use code ‘podcast’ for 30% off at yapmedia.io/course.   Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify  Indeed - Get a $75 job credit at indeed.com/profiting  Facet - For a limited time Facet will waive $250 enrollment fee for new annual members! Visit facet.com/profiting for details. Industrious - Visit industriousoffice.com and use code PROFITING to get a free week of coworking when you take a tour!   LinkedIn Marketing Solutions - Get a $100 credit on your next campaign at linkedin.com/YAP  Kajabi - Get a free 30-day trial to start your business at Kajabi.com/PROFITING    More About Young and Profiting Download Transcripts - youngandprofiting.com Get Sponsorship Deals - youngandprofiting.com/sponsorships Leave a Review - ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting   Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ TikTok - tiktok.com/@yapwithhala Twitter - twitter.com/yapwithhala   Learn more about YAP Media's Services - yapmedia.io/

    Dean Graziosi: It’s Never Been Easier to Turn Your Passion into Entrepreneurial Success | E294

    Dean Graziosi: It’s Never Been Easier to Turn Your Passion into Entrepreneurial Success | E294
    Nearly 30 years ago, Dean Graziosi had to build physical products, ship DVDs, and spend over $200k just to sell a $37 course. Today, he could sell the same course for a fraction of the money and time using the power of AI. In this episode, Dean shares insights on the evolving entrepreneurial landscape, leveraging new technologies, and monetizing personal knowledge.    Dean Graziosi is a renowned entrepreneur, real estate investor, and bestselling author known for his expertise in personal development. He has started or played a major role in over 14 successful companies, including the Mastermind.com platform.   In this episode, Hala and Dean will discuss: - Why the American Dream needs a generational reboot - How to stay resourceful as an entrepreneur - Why work-life integration trumps work-life balance - The best and worst businesses to start right now - His formula for freeing up time to build your dream business - Transforming life experiences into business opportunities - How to gain a competitive edge using AI - Maximizing business potential with niche markets - The importance of confidence and persistence - Practical tips for automating and delegating tasks - The significance of having a big purpose in business - How to model proven practices for faster success - And other topics… Dean Graziosi is a renowned entrepreneur, real estate investor, bestselling author, and motivational speaker. With over 25 years of experience, he’s on a mission to provide self-education for those seeking transformation and fulfillment outside the traditional education path. He co-hosts numerous training events with Tony Robbins, including the highly anticipated virtual live event, The Game Has Changed. He has played a pivotal role in the success of over 14 companies, including the Mastermind.com platform. Dean is also a dedicated philanthropist, supporting various charitable causes worldwide. Connect With Dean: Dean’s Website: https://www.deangraziosi.com/  Dean’s LinkedIn: https://www.linkedin.com/in/deangraziosiinc/  Dean’s Twitter: https://twitter.com/deangraziosi  Dean’s Instagram: https://www.instagram.com/deangraziosi/  Dean’s Facebook: https://www.facebook.com/deangraziosi Dean’s Podcast, Own Your Future: https://podcasts.apple.com/us/podcast/own-your-future-with-dean-graziosi/id1085301578  Resources Mentioned: The Game Has Changed: http://deanandtonylive.com/hala  LinkedIn Secrets Masterclass, Have Job Security For Life: Use code ‘podcast’ for 30% off at yapmedia.io/course.   Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Indeed - Get a $75 job credit at indeed.com/profiting Facet - For a limited time Facet will waive $250 enrollment fee for new annual members! Visit facet.com/profiting for details. Industrious - Visit industriousoffice.com and use code PROFITING to get a free week of coworking when you take a tour!   LinkedIn Marketing Solutions - Get a $100 credit on your next campaign at linkedin.com/YAP Kajabi - Get a free 30-day trial to start your business at Kajabi.com/PROFITING   More About Young and Profiting Download Transcripts - youngandprofiting.com Get Sponsorship Deals - youngandprofiting.com/sponsorships Leave a Review - ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting   Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ TikTok - tiktok.com/@yapwithhala Twitter - twitter.com/yapwithhala   Learn more about YAP Media's Services - yapmedia.io/

    YAPClassic: Marshall Goldsmith, What I’ve Learned From 40 Years of Coaching the World’s Most Successful Business Executives

    YAPClassic: Marshall Goldsmith, What I’ve Learned From 40 Years of Coaching the World’s Most Successful Business Executives
    During COVID, Marshall Goldsmith spent several hours every weekend listening to successful people speak about their lives. From these sessions, he learned that even the highest achievers need help finding fulfillment. So, he wrote The Earned Life to address this need, drawing inspiration from Buddhism and his experience as an executive coach. In this episode, Marshall shares practical advice and exercises to help overachievers find personal fulfillment and live without regret. Dr. Marshall Goldsmith is the leading expert on leadership and coaching for behavioral change. He is also the author of several bestsellers, including Triggers and The Earned Life. In this episode, Hala and Marshall will discuss: - Marshall’s childhood and early years  - Marshall’s interpretation of Buddhism - How he uses his Buddhist philosophies in coaching  - The benefits and drawbacks of delayed gratification  - Impermanence and the ‘every breath’ paradigm  - Letting go of past successes - The definition of an earned life  - How regret and fulfillment are polar opposites  - Avoiding the big regrets - Why people don't live their own lives  - The three demands of living an earned life - And other topics…  Dr. Marshall Goldsmith is recognized as the leading expert on leadership and coaching for behavioral change. He has been named one of the top ten business thinkers in the world and the top-rated executive coach at the Thinkers50 ceremony in London since 2011. Marshall is the author of several Wall Street Journal and New York Times #1 bestsellers, including Triggers and What Got You Here Won’t Get You There, which is also the winner of the Harold Longman Award as Best Business Book of the Year. His newest book, The Earned Life: Lose Regret, Choose Fulfillment, was released in May 2022.  Connect with Marshall: Marshall’s Website: https://marshallgoldsmith.com/ Marshall’s LinkedIn: https://www.linkedin.com/in/marshallgoldsmith/ Marshall’s Instagram: https://www.instagram.com/coachgoldsmith/ Marshall’s Twitter: https://twitter.com/coachgoldsmith Marshall’s Facebook: https://www.facebook.com/Marshall.Goldsmith.Library Marshall’s YouTube: https://www.youtube.com/channel/UCtvlM6xRUC_ErV_q1FgUgiA Resources Mentioned:  Marshall’s Book, The Earned Life: Lose Regret, Choose Fulfillment: https://www.amazon.com/Earned-Life-Regret-Choose-Fulfillment/dp/0593237277   YAP Episode 42, Become a Better Leader with Dr. Marshall Goldsmith: https://youngandprofiting.com/42-become-a-better-leader-with-dr-marshall-goldsmith/  Marshall’s New Yorker Profile, “The Better Boss”: https://www.newyorker.com/magazine/2002/04/22/the-better-boss  LinkedIn Secrets Masterclass, Have Job Security For Life: Use code ‘podcast’ for 30% off at yapmedia.io/course.    Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Indeed - Get a $75 job credit at indeed.com/profiting Industrious - Visit industriousoffice.com and use code PROFITING to get a free week of coworking when you take a tour!   LinkedIn Marketing Solutions - Get a $100 credit on your next campaign at linkedin.com/YAP Kajabi - Get a free 30-day trial to start your business at Kajabi.com/PROFITING Rakuten - Start all your shopping at rakuten.com or get the Rakuten app to start saving today!   More About Young and Profiting Download Transcripts - youngandprofiting.com Get Sponsorship Deals - youngandprofiting.com/sponsorships Leave a Review - ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting   Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ TikTok - tiktok.com/@yapwithhala Twitter - twitter.com/yapwithhala   Learn more about YAP Media's Services - yapmedia.io/

    Shruti Joshi: Get Good With Money, Achieve Financial Zen With Personalized Financial Planning | E293

    Shruti Joshi: Get Good With Money, Achieve Financial Zen With Personalized Financial Planning | E293
    Shruti Joshi launched her company just before the COVID-19 pandemic, only to see it crumble. This setback, however, provided a window for her to take on a consulting role at Facet, where her entrepreneurial experiences set her up for success. Before long, she became the company’s COO and later, President. In this episode, Shruti discusses Facet’s mission to democratize financial wellness for millions of Americans and shares strategies for holistic financial planning. Shruti Joshi is the President and COO of Facet, a fintech company disrupting the financial wellness industry. She has been recognized as Wealth Solutions Report’s AAPI Innovator of the Year and one of the top women industry leaders of 2024. In this episode, Hala and Shruti will discuss: - Shruti’s background and early career - Her transition from investor to COO at Facet  - Limitations within the financial planning industry - Why entrepreneurs need professional financial advice - The holistic approach to financial planning - The results of Hala’s financial wellness quiz - How Facet is disrupting financial planning - The role of AI in financial planning - Actionable steps for financial wellness - The importance of fiduciaries for conflict-free advice - The subscription model vs. traditional financial planning fees - Why Certified Financial Planners are the industry gold standard  - And other topics…  Shruti Joshi is the President and COO of Facet, a leading fintech company revolutionizing financial planning with a subscription-based model. Before joining Facet, she founded a peer-to-peer recommendation service and held key roles at Verizon and Altman Solon. She is passionate about democratizing financial planning and making it accessible to everyone. Shruti has been recognized as Wealth Solutions Report’s AAPI Innovator of the Year and one of the top women industry leaders of 2024. A true globetrotter, Shruti has visited over 75 countries and is deeply interested in the psychology of wellness. Connect With Shruti: Shruti’s LinkedIn: https://www.linkedin.com/in/shruti-joshi-282369a/  Shruti’s Twitter: https://twitter.com/shruti_jo  Resources Mentioned: Facet Website: https://facet.com/   Financial Wellness Test: https://facet.com/profiting  LinkedIn Secrets Masterclass, Have Job Security For Life: Use code ‘podcast’ for 30% off at yapmedia.io/course.   Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Indeed - Get a $75 job credit at indeed.com/profiting Industrious - Visit industriousoffice.com and use code PROFITING to get a free week of coworking when you take a tour!   LinkedIn Marketing Solutions - Get a $100 credit on your next campaign at linkedin.com/YAP Kajabi - Get a free 30-day trial to start your business at Kajabi.com/PROFITING Rakuten - Start all your shopping at rakuten.com or get the Rakuten app to start saving today! More About Young and Profiting Download Transcripts - youngandprofiting.com Get Sponsorship Deals - youngandprofiting.com/sponsorships Leave a Review - ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting   Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ TikTok - tiktok.com/@yapwithhala Twitter - twitter.com/yapwithhala   Learn more about YAP Media's Services - yapmedia.io/

    YAPClassic: Alex Hormozi, How To Make Offers So Good People Feel Stupid Saying No

    YAPClassic: Alex Hormozi, How To Make Offers So Good People Feel Stupid Saying No
    One of Alex Hormozi’s portfolio companies was underperforming, and he saw a clear solution—raise prices by 50%. Despite the CEO's resistance, which took nine calls to overcome, they implemented the price increase. The result? The business tripled its profit within three months. Alex knew the key to maximum profitability was delivering maximum value, a lesson he learned from his own mistakes. In this YAPClassic episode, Alex breaks down his value equation and shares strategies for creating irresistible offers. Alex Hormozi is an entrepreneur, philanthropist, and co-founder of Acquisition.com, a portfolio company overseeing multiple businesses. He is the bestselling author of $100M Offers, where he shares strategies for creating irresistible business proposals. In this episode, Hala and Alex will discuss: - Providing high value without cutting prices - Alex’s ‘value equation’ for crafting irresistible offers - The four key drivers of value in business - How to identify profitable markets - Strategies to scale your business rapidly - Focusing on high-return activities for maximum impact - Leveraging high-impact opportunities with minimal effort - Eliminating your side hustles to scale your main business - Techniques to attract and retain loyal customers - And other topics… Alex Hormozi is a first-generation Iranian-American entrepreneur, investor, and philanthropist. In 2013, he started his first brick-and-mortar business. Then, he transitioned from gym ownership to founding GymLaunch, a fitness business consultancy, which expanded to over 4,000 locations within four years. Alongside his wife, Leila, Alex bootstrapped three additional companies, which generated $120 million in sales. Then, the Hormozis founded Acquisition.com through which they manage a portfolio of bootstrapped companies. Alex is the bestselling author of $100M Offers, where he shares strategies for creating irresistible business proposals. He is also the host of The Game podcast.  Connect with Alex: Alex’s Website: https://www.acquisition.com/bio-alex Alex’s LinkedIn: https://www.linkedin.com/in/alexanderhormozi/ Alex’s Twitter: https://twitter.com/AlexHormozi Alex’s Instagram: https://www.instagram.com/hormozi/ Alex’s Facebook: https://www.facebook.com/ahormozi Resources Mentioned: Alex’s Book, $100M Offers: How To Make Offers So Good People Feel Stupid Saying No: https://www.amazon.com/100M-Offers-People-Stupid-Saying/dp/1737475715 YAPClassic: Robert Greene on Decoding the Laws of Human Nature: https://youngandprofiting.com/yapclassic-decoding-the-laws-of-human-nature-with-robert-greene/   LinkedIn Secrets Masterclass, Have Job Security For Life: Use code ‘podcast’ for 30% off at yapmedia.io/course. Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Indeed - Get a $75 job credit at indeed.com/profiting. Yahoo Finance - For comprehensive financial news and analysis, visit YahooFinance.com Kajabi - Get a free 30-day trial to start your business at Kajabi.com/PROFITING LinkedIn Marketing Solutions - Get a $100 credit on your next campaign at linkedin.com/YAP Industrious - Visit industriousoffice.com and use code PROFITING to get a free week of coworking when you take a tour!   More About Young and Profiting Download Transcripts - youngandprofiting.com Get Sponsorship Deals - youngandprofiting.com/sponsorships Leave a Review - ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting   Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ TikTok - tiktok.com/@yapwithhala Twitter - twitter.com/yapwithhala   Learn more about YAP Media's Services - yapmedia.io/

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