Creating Confidence with Heather Monahan - The Best Way To Future Proof Your Success with Billionaire Jay Samit Episode 119

Episode Date: June 8, 2021

Are you tired of working hard for someone else’s dream?! It’s time to STOP. If you are asking yourself if now is the right time to start a business, become an entrepreneur, and chase your passion,... the answer is always YES. Today I have Jay Samit, international best-selling author and expert on disruption and innovation, to tell you how. Jay has developed the 12 Truths to creating opportunity, maximizing wealth, and controlling your destiny. And he put his theory to the test by empowering a young mentee to grow from welfare to self-made millionaire in less than a year. Join us to learn how you too can change your mindset, find your superpower, and Future Proof you.    About The Guest:   Described by Wired as having "the coolest job in the industry" and "a new media guru and Internet pioneer" by the Economic Times, author Jay Alan Samit is a dynamic entrepreneur and intrepreneur who is widely recognized as one of the world's leading experts on disruption and innovation. He launches billion dollar businesses, transforms entire industries, revamps government institutions, and for over three decades continues to be at the forefront of global trends.   His first book "Disrupt Yourself: Master Personal Transformation, Seize Opportunity, and Thrive in the Era of Endless Innovation" is currently published in over 10 languages. He is a regular contributor to Fortune and the Wall Street Journal and host of its documentary series WSJ Startup of the Year. Samit frequently appears on ABC, Bloomberg, CBS, CNN, Fox, MSNBC, NBC and tweets daily motivation to the over 100,000 business professionals who follow him on twitter @jaysamit. An expert on transformational corporate change, Samit has been quoted in The New York Times, The Economist, Businessweek, Forbes, Los Angeles Times, USA Today, Fast Company and TechCrunch.   A sought-after conference speaker and consultant, Samit provides disruptive solutions for such corporate clients as Adobe, American Express, AT&T, Best Buy, Coca Cola, Disney, Ford, Google, GE, IBM, Intel, McDonalds, Microsoft, Procter & Gamble, and Visa and dozens more.   Finding Jay Samit: Website: https://jaysamit.com/  Read Future Proofing You: Twelve Truths for Creating Opportunity, Maximizing Wealth, and Controlling your Destiny in an Uncertain World  Contact for a free Future Proofing You Workbook Twitter & Instagram: @jaysamit   To inquire about my coaching program opportunity visit https://mentorship.heathermonahan.com/    Review this podcast on Apple Podcast using this LINK and when you DM me the screen shot, I buy you my $299 video course as a thank you!    My book Confidence Creator is available now! get it right HERE   If you are looking for more tips you can download my free E-book at my website and thank you! https://heathermonahan.com    *If you'd like to ask a question and be featured during the wrap up segment of Creating Confidence, contact Heather Monahan directly through her website and don’t forget to subscribe to the mailing list so you don’t skip a beat to all things Confidence Creating!     See acast.com/privacy for privacy and opt-out information. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript
Discussion (0)
Starting point is 00:00:00 This episode is brought to you by GlobalX ETFs. Start your investing journey by exploring exchange-traded funds. Exchange-traded funds, more commonly known as ETFs, create baskets of stocks, bonds, and other assets that you can buy in a single trade. At GlobalX, they specialize in ETFs that track emerging technologies, like the rise of electric vehicles, as well as strategies aimed to potentially generate income, and much more. To discover how you can add ETFs to your portfolio, visit globalxetf.com. What bug may about so many of the autobiography business leader books is if you do what I did,
Starting point is 00:00:36 if you came out of World War II and did this, you could run GE. I mean, well, I can't go back in time. I can't live your life. That window on that path was unique, just as you're unique. So what makes you unique? What's your superpower? What is the thing the friends come to you for advice about? That's the core of what's going to take you where you are. People think superpowers have to be these amazingly strong things. I'm on this journey with me. Each week when you join me, you're going to chase down our goals,
Starting point is 00:01:06 overcome adversity and set you up for better tomorrow. Faster, no sooner. I'm ready for my close-up. Hi, and welcome back. I am so excited for this conversation. We have a true business heavyweight, the ultimate disruptor, international best-selling author, J. Sam at J.
Starting point is 00:01:24 Thank you so much for being here today. And thank you for your new book and for paying it forward. This is just mind blowing. Oh, happy to be here and really excited about what this book can do for people. And that's why you write it. I love your backstory to your why in writing the book. And I was hoping you could share it with everybody listening.
Starting point is 00:01:48 Sure. So my first book, DisruptU, was probably the most meaningful thing for me that I've ever done. I did it as a way to teach people how to get out of the rut and how to, you know, I've read a thing to change in the world, nobody thinks to change themselves and how to become an entrepreneur. And it took a life of a zone. I've heard from people in 140 countries, which is not a brag.
Starting point is 00:02:10 It's like, how is that possible? It's had a whole bunch of languages and it's coming out in Urdu and Icelandic and Italian and published the share. It's just great. And when I was a CEO of, you know, come up with hundreds of thousands of employees doing billions of dollars, your inboxes,
Starting point is 00:02:24 I hate you, you know, we're hundreds of thousands of employees doing billions of dollars, your inboxes, I hate you, you know, we're so in you, here's a problem. Every day's misery, that's why CEOs get paid the big bucks. But when you write a book that changes people's lives, you hear what I call love letters, I wake up every day to an inbox of, you know, and all I didn't do the work, I just hold up a mirror to people so that they can see what they have in themselves to achieve. But occasionally, I get an email usually from a millennial or a younger person saying, this is motivational, but I could never do it. And that aided me. Why could I not reach certain people?
Starting point is 00:02:56 What was I missing in disrupt you? And so I had this idea, crazy. There's a gazillion self-help guru type books out there. But never does anybody say I'm going to put my reputation on the line. I'm going to take an immigrant, group on welfare, give them no money, introduce them to no contacts, and not tell them what business to start. They have to start something, take zero capital, and mentor them one day a week for a year. Boyler alert for the ending, he becomes a self-made millionaire month 11. So I distilled those mentoring sessions down to what I call the 12 truths.
Starting point is 00:03:30 And you follow the 12 truths through the book, it gives you a roadmap of how to do this. And at the same time in each chapter, Ben was the young man's name. You see Ben's progress and a monthly accounting, you know, how much he'd be making. The goal was to show that you're starting off at least on equal footing with Ben. I'm not going to be talking about the public. I'm not going to be talking about the public. I'm not going to be talking about the public. I'm not going to be talking about the public.
Starting point is 00:03:49 I'm not going to be talking about the public. I'm not going to be talking about the public. I'm not going to be talking about the public. I'm not going to be talking about the public.
Starting point is 00:03:57 I'm not going to be talking about the public. I'm not going to be talking about the public. I'm not going to be talking about the public. I'm not going to be talking about the public. I'm not going to be talking about the public. I'm not going to be talking about the public. I'm not going to be talking about grew up in, you know, a dad was a schoolteacher living in Philadelphia in a row house that dozens
Starting point is 00:04:07 of friends would become self-made billionaires with a B. I didn't know what a millionaire was. I would have told you you're crazy. What do you smoke and give me some? I mean, far this thing from my mind. But I knew, and I've worked with all these names that are household names nowadays, before they had the money. Some of them are bright, some of them aren't. Some went to good schools, most of them did it. They didn't come from money, a couple who did, but they saw the world differently. Cannot be taught. Yes. Every 48 hours there's a new self-made billionaire. Let that sink in. What'd you do for the weekend, you slacker? And so once I've done the business stuff, I was trying to figure out how can I share this knowledge and pay it forward and I started by working with university students and teaching students how to do this and I have students do over $100 million and drop out of school, but they'll donate to the university, I'm sure.
Starting point is 00:04:56 So I realize this can be taught and the fact that my book isn't so many languages, it's pretty universal. And post-pandemic, you don't have to be in a major city to achieve. You don't have to be in a first world country. Remote workers or remote businesses is now the norm. So you're one click away from your phone from 7 billion customers. You'll have to be right once to make it happen. So how do you do it? And if I want to sum it up into one sentence, you only need two things to be successful.
Starting point is 00:05:29 Insight and perseverance. Everything else can be hired. Steve Jobs built the first trillion dollar company. How much code did Steve write? He's not an engineer. It's a college dropout, you know, took a calligraphy course. You can always hire the people to do the things, but so much is already out there, so much as the infrastructures there.
Starting point is 00:05:51 And one of the 12 truths which I missed in my first book, which is so important for people to understand, don't fly so low. You can find mentors that want to help you succeed. The world isn't against you. The world actually has abundance that you can tap into. And you're going to need a series of mentors because the world's changing so fast no one has all the knowledge for all the situations you're going to hit. And why wouldn't you want to get help? So I teach you how to find those mentors, how to use LinkedIn to get it. It's not, you know, and I just got a dozen this morning,
Starting point is 00:06:25 will you be my mentor? No, that doesn't work. That's like walking into bar. If I walked up to you and bars and, hey, we have my baby, I don't think that works. But if you start a dialogue, if you look through the backgrounds, if you can see the things that I outline, you may have a lifelong mentor without ever using the M word. And why do people want to do it? Well, they've gained knowledge. They'd like to share that knowledge. They'd like to have that validation. We're not all competing for the same dollars. And that's probably where people get it wrong. Entrepreneurs don't sell things. They sell things. Solve a problem for a few people. You have friends, self-per-million, you make money, self-per-million, you change the world.
Starting point is 00:07:06 And I've watched it. You know, really, everything you own, anything you've ever bought, anything that you've seen as a movie or your favorite song was made by a stubborn person. You know, they had the perseverance to continue. And in future proofing, I show you how to take that perseverance and turn it into passion, how to really take it to that next level because it's not easy. This young man, Ben, he worked harder for one year than most people were willing to, but now he can live the rest of his life in a manner that most people can't.
Starting point is 00:07:35 I think it's a fair trade. But for one year, there was no watching TV, no watching funny videos on YouTube, no no dating. I mean, he put in the effort. But the reasons called Future Proofing New is when you got to the month of the 12th and you knew he was gonna hit the million dollars. And I mean, amazing accomplishment.
Starting point is 00:07:54 The only thing that got him through that marathon grind was he knew he was gonna take the next year off. And he could take the next year off, not because she can live the rest of your life on a million dollars, but because he knew whenever he wanted to start again, he had the tools. He was future proof, whatever pandemic, whatever changes, whatever happens, he can find the opportunities because all the obstacles in your life are actually the opportunities in
Starting point is 00:08:19 disguise. That's it. It sounds so simplistic, which is frustrating. However, knowing your backstory and knowing what you've been able to disrupt and achieve, and as we were talking about in the business that I was in, and the radio business, and the disruption that you brought to it, was massive and amazing. But now you describe it so simplistically, and as a startup entrepreneur, and for everyone listening right now, I know that it just feels out of your grasp, you know, the whole world is such
Starting point is 00:08:50 a noisy place and it's so challenging to be the one that breaks through and, you know, maybe Jay was lucky and that's why he was able to break through. What do you say to those people? It's amazing. The harder I work, the luckier I get. Here's the way I viewed the world from the beginning. I remember getting out of school and wanting to get a job. And I realized, any job I apply for, that job exists, which means somebody has already done it, which means there's a ton of people that have more experience, better resume, they're going to get that job.
Starting point is 00:09:22 So even at that young age, I said, well, what I need is data. I need information. And we live in a world now with much easier to get data. So I took an ad in the Hollywood Reporter describing the entry-level job I wanted in Special Effects. I saw Star Wars and I want to make Special Effects and nothing about how it would not do about anything.
Starting point is 00:09:41 And that gave me two pieces of data. It was a blind ad as if it came from a studio. Here's the job description and entry level job. We got a bunch of resumes in. First, I now saw what would I need on my resume to get that type of job. And number two, here's a whole bunch of people with one foot out of the door of their current company.
Starting point is 00:09:59 So I knew who would be having openings. So now I had a plan. In DisruptU, I talked about the 21st Century version, a young man gets out of college and he wants to be a mad man, wants to go to advertise, wants to be creative. Oh my God. And he lands a job with one of the big multinational ad agencies, only to discover that he's down in the basement of a high-rise and a careless cubicle moving numbers around. And he literally wants to just hang himself. And then he notices online that the most famous creative directors, no one's ever bought their names as keywords.
Starting point is 00:10:31 So for $9, he bought the names of the five big creative directors. And whenever they google themselves, they say if there's anything written, it says, hey, I want to work for you. Click here to see my portfolio. Three of the five called them in, all offered them jobs. They made five times a salary and probably accelerated a career by a decade or two. It is that simple. If you start understanding the process of how things work, what motivates people to make decisions. I mean, you know, one of the 12 truths in future proofing you is about how you can harness fear. So many of these guru motivational hucksters are like fears and real fears in your head. Get past your fear. Forget your fear. BS. We are biologically hardwired to be fearful. The oldest part of
Starting point is 00:11:20 our brain, the central part of our brain, the thing that goes before rational thought is the fight or flight response. Somebody walks in a room where they're going to eat me or they're going to kill me, before you can get to anything. You cannot put fear in a box. Athletes take that fear and use it to make a adrenaline flow in their body, and that gives them more energy than all the exercise and workup getting into it. So for the entrepreneur that's just starting out, I've been there.
Starting point is 00:11:51 Here are your fears. You're afraid of failing. You're afraid of losing your money. You're afraid of losing friends money, strangers money, embarrassment, real fears. Absolutely. But if you're walking down the sidewalk and a truck comes barreling towards you,
Starting point is 00:12:07 it's screeching, the brakes aren't going to do. It is going to run you over. Do you think about I'm embarrassed, or I might lose money? No. You think I want to save my life. I am going to die. Well, that proves that you can prioritize fears. So those other fears are all valid. But if you're a job that just pays you enough to show up, but not enough to care where
Starting point is 00:12:31 you're not growing, you're not learning, you're not living the life that you want, you're just basically paying bills until you die, you're trading a week, a month, a year, you're going to wake up one year and you've given up your whole life for what? You've wasted your life. That's the fear you should be afraid of. You only got one chance on this planet. Why not live a life of purpose? Why not achieve something? Why not make a better life for you and your family?
Starting point is 00:12:57 So if you keep that fear top of mind, what other people think? What do I care? And talk to anybody out there. I've never met a hater that's doing better than me. Okay. The haters are people that don't go after their dreams. And let's say you do fail, because you will fail. When you fail, you don't end up where you started.
Starting point is 00:13:18 You either earn or you learn. That's why as an investor has raised hundreds of millions and I started, I'd rather invest in somebody that's failed before. Bill Gates first company, a failure, Henry Ford's first company of failure. Well, this is first company of failure, but they'll learn. And there's nothing wrong with failing. Failing is just finding out what doesn't work. Look, look at a toddler. They don't stand there one day. I shall now walk across the room. They take a step, they fall down, they figure it out, and they get it eventually. When you play a video game, you hit that obstacle, man. It kills you every time.
Starting point is 00:13:53 You finally get past it. Guess what? There's another obstacle. And that explains how Jeff Bezos could lose money year after year after year with Amazon and come out the backside of the richest man in history. So learn from failing, learn that when you have those things, they're learning opportunities. And it goes to that growth mindset, which is really where I started with this young man. When some people fail to go, I'm not good enough. I'll never be a realtor. I couldn't pass that test. I'm not sparring up.
Starting point is 00:14:24 I'm not this and that. You may have been thattor. I couldn't pass that test. I'm not sparring up. I'm not this much. You may have been that yesterday, but you don't have to be that tomorrow. You think you're bad at math because in third grade, you didn't know seven times seven. I'll put you in any third grade class now. You'll be the star. So that little voice in your head
Starting point is 00:14:39 is what you have to start changing. National security experts are warning. Our aging power grid is more vulnerable than ever. January marked a third time a power station in North Carolina was damaged by gunfire. Authorities are saying the attack raises a new level of threat. Authorities are now checking our grid for vulnerabilities. They've identified nine key substations. If these substations are attacked, power could be knocked out from coast to coast for up to
Starting point is 00:15:01 18 months. Imagine a black outlasting, not days, but weeks or months, your life would be frozen right in time right when the power goes out. That's why having your own solar power is more important than ever. With the Patriot Power Generator, you get a solar generator that doesn't install into your house because it's portable.
Starting point is 00:15:17 You can take it with you. Even use it inside. But it's powerful enough for your phones, medical devices, or even your fridge. And right now, you can go to FordPatreots.com and use code Confidence to get 10% off your first purchase on anything in the store, including the Patriot Power Generator. You'll also get their famous guarantee for an entire year after your order. Plus free shipping on orders over $97, and a portion of every sale is donated to charities
Starting point is 00:15:44 who support our veterans and their families. Just go to 4patriots.com and use code confidence to get 10% off. That's 4patriots.com and use code confidence to get yours today. If your business earns millions or tens of millions of revenue, stop what you're doing and take a listen, because NetSuite by Oracle has just rolled out the best offer we've ever seen. NetSuite gives you the visibility control you need to make better decisions faster.
Starting point is 00:16:08 And for the first time in NetSuite's 22 years as the number one cloud financial system, you can defer payments of a full NetSuite implementation for six months. That's no payment, no interest for six months. And you can take advantage of this special financing offer today. NetSuite is number one because they give your business everything you need in real time, all in one place to reduce manual processes, boost efficiency, build forecast, and increase productivity across every department. Now listen, the importance of having all this information in one place to make better decisions is unprecedented. The offer NetSuite is giving you is unbelievable and it's making it all possible
Starting point is 00:16:47 for you to have it. Now, 33,000 companies have already upgraded to NetSuite gaining visibility and control over their financials, inventory, HR, e-commerce, and more. If you've been sizing NetSuite up to make the switch, then you know this deal is unprecedented. No interest, no payments, take advantage of the special financing offer at nextweat.com slash monahan. Nextweat.com slash monahan to get the visibility and control you need to weather any storm. Nextweat.com slash monahan. So to get VIN from zero to hero in 12 months,
Starting point is 00:17:22 I didn't have the time or the luxury to let him organically build that growth mindset. So, and then did find this out till the book was typeset and let him read future proofing you. But in our very first meeting, our very first time sitting down, I lied to him. There's a psychological fact called the Pigmailian effect. Professor went to school, interviewed all the kids, tested them, and said, these three students would be super chiever, super learners, though outshined at the end of the year when the whole school took a test. Guess what? Those three students killed it. What the professor did was he just picked three names out out of half.
Starting point is 00:17:58 But if you treat people special and you come to the special, they'll respond to be special. So I told Vin that I interviewed over 100 people. He was the only one with all the attributes to be a self-made millionaire. When, in fact, I only interviewed him because if I cherry picked the right guy, it's not a fair experiment. And once he saw that this old dude believed,
Starting point is 00:18:20 even if it wasn't internalized, he went along with it. And once by the end of the first one, he made $60,000. It was his soul. I mean, he had a growth mindset. He believed he could achieve anything. And not part of my plan in doing this, midway through the year, he's about a half a million dollars that he's made.
Starting point is 00:18:43 His business gets just sucker punched. Google and Facebook change our room, change the rules, nothing to have to do with him, but it's over. And I'm saying myself, well, it's not as catchy of a book, but a guy makes a half a million, you know, whatever. And for that month, his goal was $100,000. And we have our end of the month sit down. And I can see that he's bummed. I know what's happened and he goes, I didn't hit my target. I only made $96,000 and I was laughing inside. I'm like, if he could go back six months and say,
Starting point is 00:19:16 you were going to be depressed that you only made $96,000. And when he explained to what he did is one of the things that I teach is to have multiple revenue streams. So when his main revenue stream just vanished, he didn't say, what was me? He said, okay, got a focus of energy is over here. How can I use this to help those clients? What can I do? And he didn't miss a beat. I was so impressed. Because what happened in his business would have knocked me over, but he was invincible by that point. And I've seen this again and again. The smartest people at the highest IQs don't end up wealthy.
Starting point is 00:19:54 Studies will show that. College graduates no longer end up wealthier if those that didn't go to college, but they do get to start off life with the mortgage without a house. You don't have to come from a first world country. It all starts with that growth mindset and then you just have to find the insight and I Walked through how to find the insight to start something and fill avoid
Starting point is 00:20:17 Why have competition? Why compete for something that everybody else does? If you're the only one doing something by definition you're the the best in the world. And that's literally what I did with Ben. What he wanted to do for business, 40 million people are already doing. He says, Oh, I grew up with social media. I want to do social media for people. Yeah. See, I'll tell you there was so many people will say, and I can just use myself as an example when I first went out on my own. Everyone said lean into sales, develop course product, you know, sales into sales, develop course product, sales, sales, sales, that's what you're great at, that's what you should do.
Starting point is 00:20:48 There's so much competition in that marketplace, but yet everyone that's advanced in ahead of me is steering me to do what's already successful for someone else. I end up writing a book about confidence, and there's really not a lot of people in the quote unquote confidence space. And people thought I was crazy.
Starting point is 00:21:05 They were saying, why you're going and trying to create your own lane. You can't do that. No one's hiring keynote speakers for confidence keynotes. You can't create that. And it's been an interesting journey for me personally to sometimes have to tune out the noise of what these so-called experts tell you.
Starting point is 00:21:23 What bug may about so many of the autobiography business leader books is if you do what I did, if you came out of World War II and did this, you could run GE. I mean, well, I can't go back in time. I can't live your life. That window on that path was unique, just as you're unique. So what makes you unique? What's your superpower? What is the thing that friends come to you for advice about? That's the core of what's going to take you where you are. Obviously, you have great confidence and you have turned that into something
Starting point is 00:21:59 that can sustain you and make you thrive. People think superpowers have to be these amazingly strong things. In the chapter about finding your superpower, talk about this young man who had ADD, couldn't focus, couldn't concentrate, brains go in a mile a minute, and so his parents and doctors have him, you know, doped up basically, you know, they have more on medication. And he hates it. And the only time he can calm is when he's swimming in the backyard. It's his mom. If I promise to swim every day, will you take me off these drugs?
Starting point is 00:22:30 And the doctor and his mother are gripping me. And he kept his word. And by the end of his teenage years, he had 17 Olympic medals and you know him as Michael Phelps. His superpower is in swimming. His superpower was his ABD. So what makes you unique? When people are given that advice to be somebody else, all those other people are already taken, right?
Starting point is 00:22:51 So of course you wanna be what you wanna be, but what the question would be, how did you validate your idea before you pursued it? Where was the built-in business from day one? So the dude will have to take the risk of if I build a will they come, and that's probably where I would have steered you a little bit differently. That is what I did. I built it and then hope that they would come and they don't come as
Starting point is 00:23:12 fast as you're hoping them to arrive. Yes. So what you want to iterate is all your businesses before you start burning capital because when you start burning capital, you're going to learn the same lessons that you would have learned before you money ran out. I hear all the time, oh my business ran out of money. You know, we couldn't raise the next round. No, that's not true. Your business failed. That's why I know what it was giving you money. There's tons of money out there. Tons of money for lots of businesses. So, what is it that you should have learned earlier on to give it? So in Ben's case, he wants to do social media. How many people are doing it?
Starting point is 00:23:49 As a guy couch surfing on somebody's couch, he's not going to suddenly get, you know, AT&T to hire him to do their social media. He's going to get other broke people that will give him $100, right? So I said, look at what's happening in the world. What's big in the zeitgeist of business? What's the new thing? what's everybody talking about, where's all the focus? Where's somebody that absolutely has to nail
Starting point is 00:24:10 their social media today and make yourself the expert, not of social media, but of social media for that one thing? And the second he did that, the same customers that were paying them $200 a week, we're now paying them 30,000 a week. For the same amount of time, same effort, but he was giving them results. And even if you have to get your first customer free,
Starting point is 00:24:29 when you have that first client, you now have what the MBA folks call a case study. So he nailed it for the first client, and then they all just lined up around the block. I took over an ad for Kaiser platform, an online ad platform a few years ago. BCs had put $8 million into it, they were going out of business. They had lifetime sales of $30,000. Okay? Yeah. And they said, we're pulling the plug. We're not putting any more
Starting point is 00:24:53 money in. And I looked at it and I love what they did. And so I had to get it noticed. So if you can't get a paying client, I instantly went and I gave them the same advice. Go to a charity, go to a nonprofit, add world, do a public service announcement. Because who volunteers who sits on the board of these charities? These aren't people that live in a cave then they come to charity meeting. There's CMOs of major corporations and other people, and they're going to say, wow, how did this guy with no budget
Starting point is 00:25:24 suddenly get 50 million people to see this thing? Come on down. And 18 months later, the company was sold for $200 million. I often say it's that easy and people don't believe it. But I'm a dyslexic kid. Go watch my TED talk on dyslexia. Richard Branson's dyslexia.
Starting point is 00:25:44 I've worked with Richard. Richard can't read a spreadsheet. He doesn't have to, we can hire people to do that. People get caught up on this, like, I'm not an engineer, I can't be in technology. Really, you spend five and a half hours a day on your phone. Do you know how to build one?
Starting point is 00:26:00 Do you know how to code it? Do you know how to satellite? No. But to understand, there's somebody on the other end that could be a customer, yeah. They have an idea of what they need. So solve a problem. That's all comes down to fill a void and execute.
Starting point is 00:26:17 It sounds so simple. You've had a lot of success with technology. Obviously, mobile's been a huge piece, but looking out beyond mobile and what that next opportunity is. So one of the chapters I talked about is a new trillion dollar opportunity. So you couldn't live without your smartphone. Agreed. Agreed. You couldn't run your business, you couldn't run your social life. You can't imagine what life was like 10 years ago when it didn't exist. All right, I couldn't track my child. Yeah, that would be a real problem.
Starting point is 00:26:45 So 10 years ago, when the iPhone came out, let me tell you two of the top 10 apps, the fart app made in a sort of a fart sounds and the game with cats, which is another way of saying, no one saw Robin Hood, open table, Uber, all the endless businesses that that created billion dollar portions because this new technology was made by somebody else. Nobody that came out with an app that became a billion dollar company knew how to make
Starting point is 00:27:13 the smartphone, they just took advantage of the infrastructure that was put out. So now 5G is out there. Over the next three years, we're no longer going to be taking our phone out of our pockets. We're going to have heads up glasses that gives us heads up display. And if you don't believe you're going to wear glasses, 80 million pairs were sold last year that came with one app focus. You want to read? You get glasses that focus. Another 50 million pairs were sold in the US, but the app called Sun. You want to see when you're out at the beach, you get sun glasses, okay? So now if you can have glasses that can translate any menu into any language so you don't accidentally
Starting point is 00:27:50 dog, if you can walk into supermarkets and say show me all the products that don't have sugar or that or don't have GMOs or that are halal or kosher and everything else disappears. So the glasses are made by the big guys. The infrastructure is made by the telcos, and you just have to say, what can I solve with this that I couldn't solve with the phone? You're getting at the ground level, they trillion dollar opportunity.
Starting point is 00:28:16 And there are tons of great things that people are doing, but you probably have problems in your life that no one else sought to address. How can an app for these glasses solve it? And it's literally that simple. Every business, including yours, is a high tech startup. Every business. If we're living so much of our lives with technology, how can your business not be core
Starting point is 00:28:38 and centric there? It does make sense. However, one of the things, I think a lot of people, number one, get caught up in, again, easy for Jay to say, even if you can't identify the problem that you solve, which, again, is the center of everything, people stop there with, you know, without being just being afraid to take that leap, to go for it, to how do you go beyond that concept? Well, let's go to the first thing. How do you find the insight, right?
Starting point is 00:29:05 In future proofing you and disrupt you, I have a technique called three problems a day for 30 days. I want to tell you something that will guarantee you that a month from now, you will have more deal flow, more opportunities to choose from than the biggest venture capital problems. Today, write down three problems in your life. It's that easy, but do that every day for a month. Maybe you can do it for two days. By day three, you're going to have no more problems. You do, but you don't see them as problems because you walk around with blinders. You're on automatic doing so much of, here's how I
Starting point is 00:29:34 always do it. You don't see the moment by moment of what you're doing to solve things. At the macro level, you're going to write and traffic. Well, somebody thought that. And then they realized the phone company knows where their phone is. If they tell me to go left and the other driver go to write, that's ways. It sold it for a billion dollars with no revenue, okay? But problems don't have to be that giant. A reader who I've become friends with named Larry was taking his medicine one morning when the phone rang.
Starting point is 00:30:03 It gets off the corner, goes, did I take my pill? If I took it, I take it again and overdose. If I don't take it, I don't get better. I have a problem. And so he realized when he thought about it, he could take a happy meal watch, put it on the lid every time you close it, it sets it to zero. Oh, I opened it three minutes ago where I opened it eight hours ago. And he said, what if Bluetooth was added to it?
Starting point is 00:30:23 Now, you know, whether grandma took her medicine and you can call her to remind her, got those out all over the place, you know, made locking ones that could be controlled by others to limit access to opioids, and basically, solve the giant $20 billion problem. It's really that moment by moment. It's nothing more complicated than that.
Starting point is 00:30:46 You should know what that means already. That's the best kind of notification. That's the sound of another sale on Shopify and the moment another business dream becomes a reality. Shopify is a commerce platform revolutionizing millions of businesses worldwide. Whether you're selling books or courses, Shopify is simplifies selling online and in person so you can focus on successfully growing your business. Shopify covers every sales channel from in-person POS system to all-in-one e-commerce platforms. It even lets you sell across social media marketplaces like TikTok, Facebook, and Instagram. Packed with industry leading tools ready to ignite your growth, Shopify gives you complete control over your business and your brand.
Starting point is 00:31:22 And thanks to 24-7 Help in Extensive Business Course Library, Shopify is there to support your success every step of the way. I love Shopify. What's been incredible for me about Shopify is how no matter how big you want to grow, Shopify is there to empower you and give you the confidence and control to revolutionize your business and take your business to the next level.
Starting point is 00:31:43 Now it's your turn. Get serious about selling and try Shopify today. This is Possibility powered by Shopify. Sign up for a $1 per month trial period at Shopify.com slash monahen all lowercase. Go to Shopify.com slash monahen to take your business to the next level today. Shopify.com slash monahin to take your business to the next level today. Shopify.com slash monahin. Say you have a business idea,
Starting point is 00:32:08 but you're not sure what to do next. Don't go into debt spending four plus years on a degree. Listen to the Millionaire University podcast. Learn how to run a successful business and graduate rich, not broke. Trust me, you need to check out this podcast. The Millionaire University podcast is hosted by Justin and Tara Williams, who started their business
Starting point is 00:32:26 from square one and now have years of valuable experience. They hit lows and dug themselves out of debt and want to share the lessons they've learned with aspiring entrepreneurs. You don't need a degree to succeed. Millionaire University will teach you everything you need to know. From specifics like how to start a software business without creating your own software, to more broad topics like eight businesses you can start tomorrow
Starting point is 00:32:50 to make 10K a month. In each episode you'll get insights from entrepreneurs and mentors who know what it takes to be successful. So don't wait! Now is the time to turn your business idea into a reality. By to the Millionaire University podcast. New episodes drop every Monday and Thursday. Find the Millionaire University on Apple, Spotify, or wherever you get your podcast. This episode is brought to you by Snapple. Want to taste the flavoriest flavors to ever flavor?
Starting point is 00:33:26 Snapple is Want to taste the flavoriest flavors to ever flavor? Snapple is ridiculously flavorful, and you can uncap a snapple real fat with every bottle, like cows produce more milk when they listen to music. Come on, leave the ridiculousness to Snapple and grab one of your favorites that pack a punch. Explore all of the delicious flavors at snapple.com. Pack a punch, explore all of the delicious flavors at Snapple.com. You know, I talked about, you know, Richard Branson. Here's a guy who was running a music company, went on a trip and his flight gets cancelled coming home.
Starting point is 00:33:57 We've all had flights canceled. What did he do that most people don't? He looked around and saw all these people that don't have a flight. He figured out what does it cost to charter a plane, divide the number of seats so that he and his girlfriend later become wife, can fly for free. And that's how he started Virgin Airlines. He took a piece of paper out of the trash can
Starting point is 00:34:19 with the price of the tickets and all these people that were stranded. It really is that simple to solve a problem. Jay, you talk about this virtual world that we're in now and I'm personally super interested in this because speaking is a big part of my business and I just gave my first in-person keynote last week and when I tell you it was amazing and I'm so interested to hear what you think about this going from doing Zoom speeches, which are fine, but you know, just not the same.
Starting point is 00:34:47 And then fast forward to this event I had last week, it was truly pure magic. The engagement was off the charts. I've never seen anything like it. Do you forecast live events coming back, or do you forecast people standing in this? Oh, absolutely. If anything, now it's a great opportunity,
Starting point is 00:35:04 because people have been so locked in for so long, they want that human connection, they want to feel it. Again, the augmented class that I'm talking about is not virtual reality. This isn't sitting and seeing something. This is your walking around all day long with classes that bring you information from your environment. Where did I park my car?
Starting point is 00:35:21 There's a line and you can find it. All those types of uses. What virtual has done is you no longer are required or confined to hire the best employees within 10 miles or 20 miles. You now can hire the best people in the world. Remote employees are your new secret weapon. They have less turnover. They actually work more that 80 minutes a day that they're not commuting. They can have a better work-life balance by spending more time with their loved ones.
Starting point is 00:35:51 And conversely, you don't have to pay high rent, live in a densely populated little place. You can run your business from anywhere. So this month, you wanna surf in Pouquet. Next month, you wanna run with the bulls in Spain. You don't have to wait for your old and gray to see this beautiful planet. So it's really about what are the tools and in future proofing you I list 20 pieces off for the basically free to start with to run a virtual company. So you can have a company tomorrow. I mean
Starting point is 00:36:21 for next to nothing. So to go back to my starting out, I went to get in the special effects. Didn't know anything about them. I thought it was cool. I know that the big guys were going to hire George Lucas and ILM, but there had to be other stuff. So my original company, I started with an investment of one dollar. I printed business cards, made up a company. My name is Jay Allen Samad. It was called Jasmine. Jay Allen Samad, it's mine. But I did make myself head of the company. What major studio filmmaker, producer directors gonna put their film in the hands of a 21-year-old kid?
Starting point is 00:36:52 I just gave myself a sales title that I went out and hustled, and the second I got stopped, then you hire people to know how to do it, right? Did Steve Jobs ever invent or make anything? No, he hired people that did. So you have the vision, you have the insight, then you just find and hire people that can execute. Gosh, yet again, it sounds incredibly simple, but to your point about now that we have this virtual workforce, I just hired an assistant who's actually not anywhere near me.
Starting point is 00:37:26 And it's the first time I never would have thought, you know, because I was definitely in that old mindset that you want somebody that you would be able to meet within person occasionally. And we're so far beyond that, which changes the talent pool, changes the comp pool, what's out there, free. I mean, accessible to you. So I'm making sure more productive, depending what you're having people do. But you can have somebody halfway around the world. Before you go to bed, here's what the tasks are, here's what has to be written, created, proposal, whatever it is. And when you wake up, it's in your inbox. So people are working when you're sleeping.
Starting point is 00:38:02 And that's really the process of start thinking, you know, most people think too small when I teach how to build a high tech start at university every semester guaranteed somebody comes up with the deliver food to the dorms business. Valid business, but for the same effort instead of a business that has a total of 200 customers, same steps, same effort you could create Uber Eats, you know, so don't limit your customers, same steps, same effort, you could create Uber Eats. So don't limit your reach. If you're building conferences of brand and you're speaking, my question is, are you focusing all of your marketing just on the US? Are there not businesses, conferences, industries around the world that may have less people reaching out to them, but have the same needs.
Starting point is 00:38:50 Disrupt you became number one in Vietnam, number one in Australia. You know, it came out, the last place I went before I locked down a year ago was Lithuania. You know, came out and lived the waning. So it's really about having a plan and executing on that plan. Not something's going to happen. I'll figure it out, you know, I'll throw out a bunch of stuff and hope the phone rings. That's not a plan. That's luck. And sure, you can get lucky. But is it something you can then replicate? You can't replicate luck. No, and one thing we've seen for sure in the past year is that we have to have a plan for whatever that next wave of change is going to be.
Starting point is 00:39:30 And that's why Future Proofing You is so the book for right now. And just to get on my soap box, I love living in a free democratic society. And the only way you have democracy is by having a strong middle class. And the people that create those jobs that create the middle class are the entrepreneurs. The pandemic wiped out the middle class, wiped out lots of mom and pop businesses. A lot of people got laid off
Starting point is 00:39:55 of them. The bottom 140 million Americans are feeling pretty bad. They're collectively own less than 1%. And when I saw what happened in our nation's capital in January, what I saw was people feeling left out, left behind, fighting over leftovers, the promise of go to school, get a factory job, get a pension and retirement doesn't exist. Life expectancy for those people is actually shorter than the generation before, first time in history. But yet at the same time, the 150 wealthiest Americans doubled their net worth in the past year. Not doubled what they made,
Starting point is 00:40:30 doubled their entire lifetime's worth in one year. So why not do what they're doing? Working hard will not make you wealthy. The Warren Buffett hit his target of $100 billion. I would admit it, Warren's worth more than me. But he made 99% of that after he was 50. Kylie Jenner became a billionaire of 22. And I can tell you, you can have a lot more fun in your life
Starting point is 00:40:55 if you're a billionaire of 22 than at 50. So what did she do different? And you're going to say, well, she's a Kardashian. Well, there's no billionaires in the Kardashian family. So what is it that she did? Can you do to cannot be replicated? And that's why I wrote to disrupt you in future, for you to take the step-by-step to show people, because that's not what we're taught in school. We're not taught to be successful. We're taught to be an employee. We're taught to work on someone
Starting point is 00:41:18 else's dreams instead of our own. You know, if you believe in reincarnation, that's probably a really good plan. Eventually, you'll get there. But if you want to enjoy this life, if you believe in reincarnation, that's probably a really good plan. Eventually, you'll get there. But if you want to enjoy this life, if you want to take care of your family, what is stopping you? And how insignificant is it? So many people ask me, it's now a good time to start a business. My answer is always the same. Last year was a good time. Now's the second best time.
Starting point is 00:41:42 I mean, the sooner you start, the more time you'll have to fail and recover and live. So why wouldn't you want to work on the life you want? We have the time. If you weren't made physically ill by the horrible diseases, if you didn't have to deal with the death and suffering, it was a gift of free time. Did you put it to use? Did you build your future with that time? And if not, ask yourself, why not? Because if you really want to,
Starting point is 00:42:14 there's no gatekeeper stopping you. There's no special club. And I just want to show I'm a regular dude. If I can do it, if all these other people can do it, it can be taught, it can be replicated, and it can make the world better because if we're just solving problems, who are we solving for? We live in an imperfect world with full of injustices and problems. Anybody can make a shoe. But when Tom Shoe says when you buy one of their shoes, someone has never had a pair, gets a pair. Do you think that makes it easier for them to get employees that want to have a purpose with what they do?
Starting point is 00:42:48 Do you think it makes more loyal customers? Sustainable capitalism is a huge opportunity to it's where I end future proofing you, because you can't have endless growth on a finite planet. The fires that laws of physics, so if regulations are gonna be coming and forcing these things, why not get ahead of them? Why not go where there's nobody else and then just try to hold on to that as long as you can? That's where wealth is created. Where can everyone find future proving you?
Starting point is 00:43:15 So you can get the book in audio and Kindle, you know, hard copy, Amazon, wherever you get your books. I also have free workbooks. So I'm not selling anything. There's no upsell here. There's no mastermind, no seminar, no t-shirt with Jay's mug on it, no mug with the mug on it. Go to jsamma.com. It's my name, jay-samma-it.com. And there's free workbooks. And so, so often when you're reading a book, oh yeah, oh yeah, I got to do that. Then you get to the next chapter that goes in one ear out the other. So this is exercises things to help you write your plan, figure out where you want to get to and how to get there.
Starting point is 00:43:53 And I did it for both the books and they're free. You just click on it. So you can find me anywhere on social media, love to hear people's success stories, love to hear people's challenges. And Tom Bill, you wrote the forward to the book and he said something brilliant in it that I'm paraphrasing. Says, if no one's ever told you this before,
Starting point is 00:44:12 I believe in you. I don't have to know you. I know that you're human. I know humans are adaptable. And you can change. If you think you can or you think you can't, you're right. So give it a try. There will be stumbling blocks. There will be some unbox, there will be setbacks,
Starting point is 00:44:26 but you know, the darkness makes that sunrise so much more beautiful. And that's what lets you appreciate, you know, just keep one foot after the other and you will make it happen. Oh Jay, thank you so much. Thank you for all the work that you're doing. Thank you for your time.
Starting point is 00:44:41 Thank you for the book. I will have all of the links in the show notes. Check out this book. Check out Jay's site. He's giving you so much access. It's unbelievable, unprecedented, and future proving you is the book you need now. Jay, thank you so much. Hey, Carrie, that dynamic. I couldn't be more insane than the world, what you're getting here, start learning and growing. You can inevitably, something will happen. You know what?
Starting point is 00:45:11 16 to learn. You don't stop to look around once in a while. You can miss it. I'm on this journey with me. At a time when change is constant, and we are pulled in far too many directions, we need a way to stay present to life and to increase our ability to remain calm, think clearly, and maintain our well-being.
Starting point is 00:45:35 Many studies indicate mindfulness improves our mental, emotional, and physical health. On a mindful moment with Theresa McKee, you can learn how to practice mindfulness and enjoy its many benefits. Tune in for guided meditations and to hear tips and advice from some of the most respected experts in the fields of mental health and mindfulness. The world truly can be a better place. It all starts with a mindful moment. In this summer's hottest blockbuster, guaranteed to keep you cool. The savings are coming from inside the house! Open this summer pad, energy savings are so cool.
Starting point is 00:46:30 Yes, you energy, energy for everything. Captain Banner now to learn more.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.