Podcast Summary
From Iran to the US: Overcoming Challenges to Achieve Dreams: Determination and resilience can help transform challenges into opportunities for growth and achievement
No matter where you come from or what circumstances you've faced, it's possible to achieve your dreams. Manny Koshman, a successful businessman and Instagram personality, shares his inspiring story of fleeing from Iran with his family during his teenage years and starting over in the United States. Despite his father's impressive career back home as a senior cost accountant for the oil company, they had to start from scratch in a small city, living a modest life. However, the hardships and responsibilities Manny carried from a young age drove him to succeed and overcome obstacles. His story serves as a reminder that determination and resilience can help transform even the most challenging circumstances into opportunities for growth and achievement.
Turning challenges into motivation: Imagine your past struggles and use them as motivation, recognizing the disparity of backgrounds among successful people and the existence of discrimination against immigrants.
No matter the challenges or hardships faced in life, they can be turned into motivation. The speaker shared his personal experience of immigrating to the US when he was 14 with his family, having to live in a station wagon after initially believing they had a place to stay. He emphasized that everyone should imagine where they come from and how far they've come, even during difficult times. He also highlighted the disparity of backgrounds among successful people and the existence of discrimination against immigrants. Despite facing bullying and name-calling due to his Iranian background during his childhood, he has become a successful person and does a show to share various immigration stories.
Immigrant's early hustle leads to success: Starting early and having a strong work ethic can help overcome challenges and lead to success, no matter the circumstances.
Starting early and having a strong work ethic can lead to great success, even with obstacles. The story shared highlights a man who immigrated to the US at 16 and had to adapt quickly to a new environment. He and his family lived in a two-bedroom apartment and survived by buying bananas every day, while his father looked for work. After securing a job, they were able to move into a better living situation. However, the man didn't let his circumstances define him. Instead, he started a business at 14 by collecting discarded items from dumpsters and selling them at a swap meet. This early entrepreneurial spirit and hustle helped him build a successful business and overcome the language barrier. The takeaway for us is that no matter our age or circumstances, we should strive to challenge ourselves, learn from others, and never give up on our goals. Social media can be a valuable resource for learning from successful individuals and finding inspiration. So, whether you're young or older, never underestimate the power of starting early and having a strong work ethic.
Starting young and taking risks: Identifying opportunities at a young age and being willing to take risks can lead to great success, despite challenges like language barriers and regulatory issues.
Success often comes from identifying opportunities at a young age and being willing to take risks. The speaker started his entrepreneurial journey at 14 by selling found items at a flea market, and later worked his way up from a stock boy at Kmart to become the top salesman for a multi-level marketing company. He then started his own nut sales business at 18, eventually making thousands of dollars a week. However, his success came with challenges, such as not speaking fluent English and facing regulatory issues. Despite these obstacles, he remained determined and continued to seek out new opportunities. The speaker's story highlights the importance of being resourceful, persistent, and always looking for ways to improve. Even introverted and humble individuals can achieve great things if they put their minds to it.
From business owner to entrepreneur: Overcoming setbacks: Despite setbacks and failures, staying determined and acquiring new skills can lead to entrepreneurial success
Resilience and determination are key to overcoming setbacks and achieving success. The speaker in this discussion went from running a business at a young age, to losing everything due to a scam, to working for others, and eventually starting his own mortgage company. Throughout all of these experiences, he remained determined to improve himself and move up in the world. Despite the challenges he faced, he continued to acquire new skills and learn from each experience. This mindset allowed him to eventually achieve his goal of becoming an entrepreneur. It's important to remember that setbacks and failures are a natural part of the journey to success, and it's essential to stay focused and keep pushing forward.
Persisting through challenges leads to success: Hard work, determination, and a positive attitude can help one overcome obstacles and achieve success
Persistence and hustle are key to overcoming setbacks and achieving success. The speaker shared his experiences of selling newspapers, starting businesses, and even facing bankruptcy. Despite the challenges, he emphasized the importance of owning what he was doing, communicating effectively with people, and constantly looking for opportunities to innovate. He also highlighted that there is no room for complacency, and that one should be willing to put themselves in uncomfortable situations to learn and grow. The speaker's story serves as a reminder that there is no shortcut to success, and that hard work, determination, and a positive attitude can help one overcome even the toughest obstacles.
Waiting for perfection can hinder progress: Calculated risks and continuous improvement are essential for success. Don't let past setbacks stop you from moving forward.
Action is key to success. The speaker shares his personal experience of selling a business and still being in debt, but not letting that stop him. He emphasizes that waiting for the perfect moment or having all the knowledge before taking action can hinder progress. Instead, he encourages taking calculated risks and continuously looking for opportunities to improve. The speaker's story highlights how seemingly insignificant experiences, such as selling a swap meet business, can lead to major breakthroughs. He concludes by encouraging people to focus on the present and keep moving forward, as everything happens for a reason.
Having a clear vision can lead to significant achievements: A clear vision, financial planning, and hard work can help overcome setbacks and achieve desired goals, even with limited resources.
Having a clear, specific, and written-down vision or dream, even when you have limited resources, can lead to significant achievements in life. The speaker shared his story of having a vision board when he was 23 years old, which included a mansion with expensive cars. Despite facing numerous setbacks and financial challenges, he continued to envision and work towards his goals. Fast forward to years later, his house and possessions closely resembled his vision board. Another key takeaway is the importance of having a solid financial plan and not relying solely on debt to acquire luxuries. The speaker bought his first supercar worth $325,000 in cash and later became a car dealer, emphasizing the importance of accumulating wealth before indulging in expensive purchases. The speaker's story serves as an inspiration for having a clear vision, staying focused, and working towards financial stability.
The power of the subconscious mind and dreaming big: Draw your dreams, write down goals, trust the subconscious mind, and never stop growing to turn them into reality.
Our unconscious mind plays a significant role in shaping our future. Manny shared how he had drawn a picture of a woman years ago, which later became a reality when he found her. He emphasized the importance of dreaming, writing down goals, and trusting the power of the subconscious mind. Manny also highlighted the importance of maintaining a hunger for growth and not getting complacent once we reach certain milestones. He encouraged everyone to follow him on social media, read his books, and turn their dreams into reality. The free ebook he offers, "How I Made My First Million Dollars," is a great starting point for those looking to build wealth. Manny's story is a reminder that our dreams and goals are within reach if we believe in them and take action towards making them a reality.
A car enthusiast's pride and joy: Unique vehicles and high costs: Car enthusiasts invest significantly in unique, high-performance vehicles for personal satisfaction and community connections, with ongoing costs totaling hundreds of thousands of dollars
This individual has a deep passion for cars, viewing them as investments and works of art. He has owned several unique and high-performance vehicles, including a McLaren P1, Pagani, and multiple Bugattis. He takes pride in the intricate details and craftsmanship of each car, with some featuring custom designs by Hermes. The cost of maintaining these vehicles is significant, with expenses such as oil changes, tire replacements, and shock repairs totaling hundreds of thousands of dollars. Despite the financial investment, he finds joy and fulfillment in his car collection and the connections he's made with the car community.
Discovering joy in passions and nice things: Experiencing joy in passions essential for growth and success. Own nice things, but don't let financial obligations overshadow enjoyment. Embrace struggles for greater rewards.
Finding and experiencing the joy of your passion, whether it's an expensive hobby or not, is essential for personal growth and success. It can help you build a better mindset and self-esteem. Additionally, owning nice things or achieving success can inspire you to continue striving for more, but it's crucial not to let the pressure of financial obligations take away from the enjoyment. Lastly, embracing the struggles and suffering that come with entrepreneurship or personal growth can lead to greater rewards. As the speaker mentioned, "You're like this dispensary of gems that you don't even know you're dispensing."
Investing in real estate during economic downturns: Clear vision, consistent action, working out, improving mindset, gaining knowledge, surrounding yourself with the right people, buying low and selling high, and not giving up on goals can lead to significant financial growth.
Having a clear vision for your future and taking consistent action towards your goals, especially in investing in real estate during economic downturns, can lead to significant financial growth. Manny Koshman, a successful real estate investor, emphasizes the importance of working out, improving your mindset, gaining knowledge, and surrounding yourself with the right people. He shares his personal experiences of buying and selling properties multiple times during recessions, emphasizing the importance of buying low and selling high. Despite his humble beginnings, Koshman's story is a testament to the American dream and a reminder that no matter where you start, with determination and the right strategies, you can achieve great success. Additionally, he encourages listeners not to be disheartened by missed opportunities in the past and to keep moving forward towards their goals.
Building Wealth Through Smart Investments: Wait for the right opportunities, make smart investments, and stay persistent to build wealth over the long term. Engage with experts and take advantage of free resources to enhance your financial knowledge.
Even if you haven't achieved your financial goals yet, it might be beneficial for you in the long run. By waiting for the right opportunities and making smart investments, you can accumulate wealth and potentially magnify it over the years. The speaker uses the example of buying a house during a recession and upgrading to bigger properties as a way to build wealth through real estate. Additionally, engaging with the speaker on social media platforms like Instagram and commenting within the first two minutes of a post can lead to rewards such as coaching calls and free books. Overall, the message is to stay persistent, keep learning, and take advantage of opportunities to build a better financial future.
