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    Podcast Summary

    • Effective Communication and PersuasionLearn effective communication skills, understand the role of luck, and stack complementary talents to increase chances of success. Persuasion is not about manipulation, but effective communication.

      Learning from this episode of the Young and Profiting Podcast is that persuasion is not about manipulation, but effective communication. The host, Halataha, interviewed Scott Adams, the creator of Dilbert and an expert on persuasion. They discussed various aspects of persuasion, including talent stacking, confirmation bias, mass delusions, and common persuasion tactics. Scott emphasized that luck plays a role in success, but it's not a standalone factor. Instead, one should put themselves in opportunities where luck can find them and build complementary skills that make them more attractive to luck. The episode provides valuable insights into how to communicate effectively, persuade others, and increase one's chances of success. Scott's perspective on persuasion goes beyond manipulation and offers a more positive and actionable approach.

    • From cartoonist to persuasion master: Understanding human irrationalityRisk-taking, experimentation, and learning from failures are essential for mastering persuasion, even if it means transitioning from an unrelated field.

      Becoming an expert in a new field and mastering persuasion can be a risky and expensive endeavor, but with a high risk tolerance and a willingness to experiment and fail, success can be achieved. The expert in this conversation, who transitioned from a cartoonist to a persuasion master, emphasized the importance of understanding that humans are irrational beings, and building messages around rationality may not be effective. Instead, one should focus on the 10% of the time when people are most irrational, and use that understanding to persuade effectively. The expert's background as a trained hypnotist provided valuable insights into human behavior and persuasion. Overall, the key takeaway is to be willing to take risks, experiment, and learn from failures in order to succeed in any field, including persuasion.

    • Understanding Cognitive Biases for Effective CommunicationBeing aware of confirmation bias and other cognitive biases can help us communicate effectively and make informed decisions by recognizing and addressing these biases.

      Understanding the principles of persuasion and being aware of cognitive biases is essential for effective communication and making informed decisions. People are naturally biased and pattern-recognition machines, leading us to interpret information based on our existing beliefs and experiences. Confirmation bias is a significant cognitive bias that causes us to see what we expect to see and twist information to fit our preconceived notions. Mass delusions, which can be common throughout history, occur when large groups of people collectively believe in falsehoods, often fueled by confirmation bias and the desire for a shared belief. A notable example is the McMartin Preschool Case, where numerous children claimed that Satanic rituals were taking place beneath the school, despite there being no evidence to support these claims. By recognizing and addressing these biases, we can improve our ability to communicate effectively and make more rational decisions.

    • Our perception of reality can be influenced by suggestion and imaginationBeing aware of suggestion and imagination's impact on our memories and understanding is crucial for clear communication and objective decision-making.

      Our perception of reality can be influenced by suggestion and imagination, leading to false memories or misunderstandings. In the discussed case, children were suggestively questioned about a satanic basement during an investigation, leading them to form false memories. Similarly, in politics and everyday life, people often imagine they can read others' minds and see hidden intentions, which can result in misunderstandings and unnecessary conflicts. It's essential to be aware of this phenomenon and strive for clear communication and objective understanding. Additionally, having a unified view of one's financial situation, as offered by Yahoo Finance, can help reduce confusion and make informed decisions.

    • Shopify: A versatile global commerce platform for businesses of all sizesShopify offers an intuitive ecommerce platform, in-person POS system, and award-winning support for businesses of all sizes to sell products online and offline, using fear-based persuasion tactics like descriptive language and visuals to sway voters in elections.

      Shopify is a versatile global commerce platform that empowers businesses of all sizes and industries to sell their products both online and offline. With features like an intuitive ecommerce platform, in-person POS system, and the Internet's best converting checkout, Shopify helps entrepreneurs turn window shoppers into loyal customers. Shopify's success stories range from small businesses like Thrive Cosmetics to large brands like Allbirds. The platform's easy setup and award-winning support make it an ideal choice for those looking to start a business or grow an existing one. Fear is a powerful persuasion tool, as seen in the 2016 US election where both candidates used it to sway voters. Trump used fear of crime and economic instability, while Clinton's team employed the fear of an uncertain future under Trump's leadership. Being descriptive and illustrating visuals is crucial in fear-based persuasion as our brains are wired to process visual information more effectively than verbal.

    • The Power of Visuals in CommunicationEffective communicators use vivid language and visual imagery to persuade and engage audiences. Trump's use of simple, repetitive messages and iconic visuals helped him to clearly communicate his goals and win the election.

      Visuals have a powerful impact on our brains and can dominate our thinking, often surpassing the influence of words or concepts. This is why effective communicators, like President Trump, use vivid language and visual imagery to persuade and engage their audience. Trump's use of simple, straightforward, and repetitive messages, such as "build the wall," helped him to clearly communicate his goals and gain support. Additionally, visuals, like his red Make America Great Again hat and his appearance on SNL before the election, helped to create a powerful and enduring image in people's minds. This simple yet effective communication strategy allowed Trump to stand out and ultimately win the election.

    • Trump's Persuasive Techniques: Exaggeration and BrandingExaggeration and branding are persuasive techniques used by Trump in his communication style. Hyperbole and memorable nicknames can make persuasive points in everyday situations.

      President Trump's communication style, as outlined in his book "The Art of the Deal," relies heavily on exaggeration and branding as persuasive techniques. Trump's use of hyperbole, or exaggerated statements that may not be factually accurate but still convey a directionally true message, has been a key aspect of his persuasive abilities. Additionally, his effective use of branding, such as labeling opponents with memorable nicknames, has helped shape public perception. These techniques, often referred to as a "linguistic kill shot," can be used in everyday situations, such as arguments at work, by employing fear or exaggeration to make a persuasive point. However, it's important to note that not everyone can effectively use these techniques like Trump, as his ability to handle criticism and take the heat is a unique strength.

    • Imagine the Future BenefitsEffective persuasion involves making people envision future benefits through hyperbole and the big offer technique.

      Effective persuasion involves making people think beyond the present moment and imagine the potential benefits of a proposed solution. This can be achieved through the use of hyperbole and the big offer technique. Hyperbole can be used to draw people into considering the potential negative consequences of not taking action, making them visualize the outcomes in their minds. The big offer technique involves proposing an outrageous solution and then gradually dialing it back, biasing the other party towards a compromise. These techniques have been successfully used by persuasive figures like President Trump, who encourages countries to imagine a prosperous future after giving up their nuclear weapons. By making people think past the initial decision and into the future, persuaders can create a more compelling case for their proposal.

    • Setting high expectations and settling for less: The power of contrastEffective persuasion can be enhanced by setting high expectations and then settling for less, making less desirable options seem unattractive by comparison. Trump's unique talent stack in branding, public speaking, business, politics, and negotiation amplified his persuasive abilities.

      Effective persuasion often involves setting high expectations and then settling for a more modest solution, a technique known as asking for a lot and settling for a little less. This concept, referred to as contrast, can make less desirable options seem even less appealing by comparison. Trump's persuasive abilities were particularly effective due to his unique talent stack, which included skills in branding, public speaking, business, politics, and negotiation. These talents, though not individually world-class, combined to make him a formidable persuasive force. Understanding the power of contrast and the importance of layering various persuasive skills can help individuals become more effective communicators and negotiators.

    • Expanding knowledge and understanding different perspectivesTo protect ourselves from persuasion, we need to broaden our knowledge, question biases, and be open to diverse opinions. Talent stacking and clear communication also play key roles in effective persuasion.

      Combining various skills such as business, politics, persuasion, branding, and communication can be a powerful asset. To protect ourselves from being persuaded, it's essential to expand our knowledge by understanding different perspectives, questioning our own biases, and being exposed to diverse opinions. Talent stacking, or having a set of complementary skills, is also crucial for career growth and effective persuasion. Additionally, clear, simple, and repetitive messaging can help ensure that important information is remembered. Scott Adams, the guest in the podcast episode, emphasizes the importance of these concepts and offers valuable insights into the art of persuasion.

    • Challenge your worldview and develop critical thinking skillsBroaden your perspectives by delving into persuasion, expanding networks, and seeking diverse news sources to make informed decisions and navigate complex issues

      Expanding your perspective and learning to think critically are essential skills for personal growth. By delving into the art of persuasion, broadening your networks, and being exposed to diverse news sources, you can challenge your worldview and develop the ability to evaluate information from various angles. These skills will not only help you navigate complex issues but also empower you to make informed decisions throughout your life. For more insights on this topic, check out Scott's books and the full-length episode mentioned in the show notes. Keep learning and growing, and remember, thanks for tuning in! This is Hala signing off.

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    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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    | Melanie Trecek-King |

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