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

    enJune 07, 2024

    Podcast Summary

    • Present moment happinessAccording to Marshall Goldsmith's interpretation of Buddhism, true happiness comes from finding peace in the present moment and accepting the impermanence of life, rather than seeking it through achievements or material possessions.

      The importance of living in the present and finding peace with what you have, as taught by Marshall Goldsmith's interpretation of Buddhism. Goldsmith, a world-renowned business coach and bestselling author, emphasizes that happiness cannot be found through achievements or material possessions. Instead, it's essential to accept the impermanence of life and find contentment in the present moment. Goldsmith's favorite sayings, "Life is good," "Be happy now," and "Let it go," reflect this philosophy. His experiences, from growing up in a low-income area to hitchhiking and discovering Buddhism, have shaped his perspective on living an "Earned Life," unbound by regret and focused on a higher purpose.

    • Happiness and AchievementHappiness doesn't depend on external factors like wealth or success, but rather on being content with what you have and letting go of past regrets. Find balance between instant gratification and long-term fulfillment.

      Happiness and achievement are independent variables. According to Safi Bahcall, happiness doesn't depend on external factors like wealth or success. Instead, it's about being content with what you have and letting go of past regrets. Bahcall, a successful entrepreneur and author, changed his coaching approach to help his wealthy clients find fulfillment and peace in their lives, rather than just focusing on achieving more. He wrote "The Earned Life" during the COVID-19 pandemic, drawing insights from conversations with successful people about their lives. The book emphasizes the importance of alignment between aspiration, achievement, and daily actions to live an "earned life." It's a reminder to not become overly focused on achievement and to find peace in the present moment. The marshmallow experiment mentioned in the conversation illustrates the importance of delayed gratification and finding balance between instant gratification and long-term fulfillment.

    • Finding BalanceFocus on present and future self, let go of past regrets, find a community, utilize resources, and take advantage of discounts for a more fulfilling life

      It's important to find balance in life and not always focus on achieving more, but rather be content with what you have. Constantly defining yourself by what you are not can lead to feelings of phoniness and dissatisfaction. Instead, try to let go of past regrets and focus on the present and future versions of yourself. Additionally, finding a community of like-minded individuals can help increase productivity and provide valuable connections. Utilizing resources like co-working spaces and hiring platforms can also streamline processes and save time and money. Lastly, taking advantage of cashback offers and discounts can help make big purchases more affordable.

    • Every breath paradigmEmbrace change and view life as a series of infinite opportunities to start over, letting go of past successes and failures, through daily reflection practices.

      Life is impermanent and we are constantly changing. This concept, known as the "every breath paradigm," encourages us to view life as a series of infinite changes and opportunities to start over. This perspective can help us let go of past mistakes and failures, as well as past successes that no longer define us. To make this mindset a habit, consider implementing daily reflection practices, such as asking oneself if they did their best each day in areas that matter most to them. By focusing on the present and embracing change, we can find happiness and meaning in every moment.

    • Seeking help and working with a coachSuccessful people understand that asking for assistance and working with a coach is a sign of strength, not weakness. Earning something through hard work and effort gives us a sense of worth and pride, while receiving a handout leaves us feeling unaccomplished. Balance and alignment between choices, risks, and efforts with our overall purpose in life is crucial to avoid deep regret.

      Even the most successful people in the world, including leaders and CEOs, need help and admit the importance of seeking it. They understand that asking for assistance and working with a coach is a sign of strength, not weakness. Furthermore, the second exercise of writing a letter to the future highlights the power of earning something through hard work and effort, rather than being handed it. The speaker emphasizes that earning something gives us a sense of worth and pride, while receiving a handout leaves us feeling unaccomplished. Lastly, the speaker discusses the concept of regret and fulfillment being opposite sides of the spectrum. Even highly successful individuals can experience deep regret if they prioritize certain areas of their lives over others. Ultimately, it's essential to strive for balance and alignment between our choices, risks, and efforts with our overall purpose in life.

    • Regret managementReflect on regrets, learn from them, take calculated risks, and make informed decisions to avoid existential regrets. Utilize platforms like Shopify and LinkedIn to turn ideas into businesses and reach potential customers.

      Understanding and managing regret is a crucial aspect of personal growth. Regret can stem from various sources, ranging from small everyday decisions to significant life choices. It's essential to reflect on these feelings and learn from them instead of dwelling on them. Furthermore, taking calculated risks and learning from failures is an integral part of life. The book discussed in the podcast emphasizes the importance of identifying personal aspirations and making informed decisions to avoid existential regrets. Lastly, platforms like Shopify and LinkedIn can be valuable tools in turning ideas into businesses and reaching potential customers.

    • Authentic LivingIdentify what living authentically means for you and take the first step towards living it, despite challenges from inertia, obligations, and vicarious living

      Living an earned life means living your own life authentically, not someone else's version. This can be challenging as we often feel the pressure to conform or live up to others' expectations. Inertia and obligations are common reasons why people don't live their own lives. Inertia refers to the tendency to repeat behaviors that have been followed by positive reinforcement, making it hard to change. Obligations can stem from feelings of duty or the fear of disappointing others. Vicarious living, or living through others, is another obstacle to living an authentic life. With the prevalence of social media and entertainment, it's easy to get lost in someone else's story and forget to focus on our own. Ultimately, living an earned life means taking risks, being true to yourself, and not wasting time trying to live up to others' expectations. Start by identifying what real life means to you and take the first step towards living it today. Kajabi.com/profiting offers a free 30-day trial to help you get started on your entrepreneurial journey.

    • Authenticity and Simplifying ChoicesActing authentically and focusing on what truly matters while limiting choices can lead to a more meaningful and profitable life by avoiding distractions and making the most of each moment.

      Being true to yourself and committing to earning happiness and purpose every day are essential elements of a meaningful and profitable life. By acting authentically and focusing on what truly matters, one can avoid getting lost in the distractions of daily life and make the most of fleeting moments of happiness. Additionally, limiting choices and simplifying decisions can make life easier and more efficient, allowing more energy to be devoted to what truly matters. Ultimately, the secret to profiting in life is not about accumulating wealth or status, but rather about living in the present and finding joy and fulfillment in each moment.

    • Present impactFocusing on making a difference in the present can be a fulfilling and worthwhile pursuit as we age, rather than solely focusing on personal aspirations for growth.

      Key takeaway from this conversation with Dr. Marshall Goldberg is the importance of making a significant impact in the present, rather than focusing solely on personal aspirations for growth. As we age, our ability to effect change in the world around us increases, and the goal of improving even one person's life can be a fulfilling and worthwhile pursuit. Dr. Goldberg emphasized that this is the driving force behind his podcast, and the simple yet powerful goal of making a difference in someone's life is a powerful reminder for us all. Ultimately, it's not about what we can't change, but rather about focusing on the potential positive impact we can have on others.

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    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/

    Julie Solomon: How To Make Money On Instagram In 2024, Even With A Small Audience | E292

    Julie Solomon: How To Make Money On Instagram In 2024, Even With A  Small Audience | E292
    Despite her introversion, Julie Solomon thrives on Instagram. She has successfully monetized her influence and built a reputation as one of the top thought leaders in influence marketing. In this episode, Julie shares her best strategies for growing your brand and monetizing your influence online. She also touches on masterminds and the Instagram algorithm. Julie Solomon is an influencer, branding expert, and coach passionate about helping entrepreneurs grow their audience. She is the host of The Influencer Podcast and the author of Get What You Want. In this episode, Hala and Julie will discuss: - Julie’s approach to balancing privacy and influence - Succeeding as an introverted influencer - Essential Instagram content to create right now - Why you must focus on value-based content - Proven strategies for building authority online - Overcoming fear in content creation - Monetizing a small following - Why every entrepreneur needs a mastermind - DM automation for driving sales - Effective methods for boosting engagement on Instagram - How to make your brand messaging magnetic - Maximizing Instagram Stories for conversion - And other topics…  Julie Solomon is a visibility, brand strategy, and brand deal coach, helping entrepreneurs and creators elevate their visibility and impact. She is the host of the top-rated The Influencer Podcast, providing real-time coaching and business growth insights to millions of listeners worldwide. She is also the author of the bestselling book, Get What You Want. She has been featured in Forbes, Entrepreneur, and Business Insider. She has also been named among the top 100 leaders in influence marketing by Influence Co.  Connect With Julie: Julie’s Website: https://juliesolomon.net/  Julie’s LinkedIn: https://www.linkedin.com/in/julie-solomon-375127133  Julie’s Twitter: https://twitter.com/JulsSolomon  Julie’s Instagram: https://www.instagram.com/julssolomon/  Julie’s Facebook: https://www.facebook.com/JulsSolomon/  Julie’s YouTube: https://www.youtube.com/c/juliesolomontv  Julie’s Podcast, The Influencer Podcast: https://podcasts.apple.com/us/podcast/the-influencer-podcast/id1229401800?mt=2  Resources Mentioned: The Revenue Growth Lab: https://juliesolomon.net/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. 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/