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    BILLIONAIRE Reveals Key Habits of THE RICH! Do This NOW to Make Money & Build Wealth | Michael Rubin

    enJune 05, 2024

    Podcast Summary

    • Online Business SuccessEvery failure leads to the next success and focusing on strengths while striving for improvement can lead to online business success. Attend free training at lewishowes.com/game for step-by-step process.

      Building and monetizing an online business requires the right tools and a relentless work ethic. Michael Rubin, the successful CEO of Fanatics, emphasized that every failure leads to the next success and that being a good human creates your own luck. Despite struggling in school and dropping out of college, Rubin never let his lack of academic success affect his confidence in business. Instead, he focused on his strengths and always strived to improve. Rubin's advice for those looking to launch an online business is to attend the free training offered by Tony Robbins and Dean Graziosi at lewishowes.com/game. The event promises to teach the step-by-step process for building and scaling an online business.

    • Business failuresEven in the face of significant losses and debts, one should not give up and instead look for ways to turn things around, as every failure can lead to the next success.

      Failure and setbacks are an inevitable part of life and business, but they can also lead to new opportunities and successes. Michael, who shares his experiences of business failures starting from his teenage years, emphasizes that even in the face of significant losses and debts, one should not give up and instead look for ways to turn things around. He recounts his first major business loss at 16, when he had a ski shop and ended up with $80,000 of inventory and $200,000 in bills. Despite the dire situation, he managed to settle his debts and turn things around by buying inventory at a government auction and selling it for a profit. This experience taught him that every failure can lead to the next success. In his thirties, during the financial crisis, Michael faced another significant setback when his company's stock value plummeted, and he had to deal with mounting debts. However, he refused to give up and managed to sell some investments to pay off the loans. Michael's story illustrates the importance of staying resilient and resourceful in the face of adversity and using setbacks as opportunities for growth.

    • Persistence and unwavering determinationPersistence and unwavering determination are crucial skills for success. Getting the best people around you and making sure they work well together, focusing on the consumer, delivering an exceptional experience, and staying calm under pressure are important factors in achieving success.

      Persistence and unwavering determination in the face of adversity are crucial skills for success. The speaker shared a personal story of losing almost all of his wealth and being on the brink of losing his company, but he refused to give up and eventually sold it for billions to eBay. He emphasized the importance of getting the best people around you and making sure they work well together. He also highlighted the importance of focusing on the consumer and delivering an exceptional experience to them. The speaker's unrelenting attitude and his ability to stay calm under pressure were key factors in his success. He also mentioned that if he could go back in time, he would emphasize the importance of getting the best people and ensuring they work together effectively. He advised that in order to attract and convince the greatest people to join your team, it's important to find those who don't have egos that are too big and to do thorough backdoor reference checking.

    • Collaborative hiringCollaborating with a search firm and internal team, along with actively engaging with potential candidates, can lead to better hiring results.

      Combining the efforts of a search firm and internal team, along with actively engaging in getting to know potential candidates, can lead to better hiring results. The speaker, known for his extensive network of successful individuals, emphasizes the importance of continuous learning and valuing the success of others. He believes that true happiness and healthy relationships can be a challenge even for the wealthy and famous, and the habits of those who are successful and content include wanting the best for those around them and being inclusive. Money, while providing access to opportunities, does not automatically lead to a fulfilling life, and hard work and a positive mindset are essential.

    • Mindset and habits for successConsistently practice healthy habits and maintain a strong mindset to achieve success and happiness. Find what drives you and use it as fuel to overcome obstacles.

      Being healthy, happy, and successful is achievable, but it requires consistent habits and a strong mindset. Successful people come in all shapes and sizes, and while some may be naturally awkward or uncomfortable with their newfound success, they can learn to adapt and maintain healthy relationships. The key to sustaining motivation and overcoming obstacles is finding what drives you and using it as fuel. Many successful people, like Tom Brady, have developed this mindset through a combination of adversity and determination. By focusing on your strengths and using setbacks as motivation, you too can achieve great things and maintain a positive attitude throughout your journey.

    • Staying Calm Under PressureStaying calm under pressure is essential for making good decisions and achieving success in business. Giving time and energy, not just money, to charitable causes can have a greater impact.

      Staying calm and motivated during high-pressure situations is crucial for making good decisions and achieving success in business. Some people are naturally calm under pressure, while others can learn to be through practice. Tom Brady emphasizes the importance of staying calm and shares his personal experience of being involved in philanthropy and criminal justice reform initiatives. He believes that having a responsibility to make the world a better place is essential for anyone in a position of power. Brady also shares how he used to only give money to charities but later realized the importance of giving time and energy as well. He encourages business leaders to do the right thing personally and help people, as the benefits, whether it's personal or for the people being helped, will come back in the long run. Brady's passion for business and making a positive impact on the world sets an inspiring example for others.

    • Creating your own luckBe a good person, work hard, stay focused, learn from past experiences, build strong relationships, and stay informed to create your own luck and achieve success.

      Creating your own luck involves being a good person, putting in hard work, and maintaining a relentless attitude. The speaker emphasizes the importance of staying hungry and focused on improvement, rather than becoming complacent with success. He also believes that past experiences, even those that involved hardship, can be turned into opportunities for growth and success. Additionally, building strong relationships and staying informed about the competition are crucial for taking over market share in new industries. Ultimately, the speaker encourages entrepreneurs to stay disciplined, thoughtful, and prioritized in their pursuit of success.

    • Continuous improvement and innovationCEO of Fanatics is deeply committed to making his business the best in the world, constantly improving, innovating, and using negative feedback as an opportunity to learn and grow. Goal is to make each business a $1 billion profit long term and offer a better experience for the fan.

      The speaker, who is the CEO of Fanatics, is deeply committed to making his business the best in the world, no matter what industry they are in. He is obsessive about improving and innovating, using negative feedback as an opportunity to learn and grow. Fanatics has already achieved number one status in the collectibles business and is making significant strides in gaming. The CEO's goal is to make each business a $1 billion profit long term and to offer a better experience for the fan. He is constantly researching and learning about potential new opportunities, but only pursues them if they meet certain criteria. Despite his success, the CEO remains focused on the challenges ahead and is always looking for ways to improve.

    • Athlete InternshipsFanatics' exclusive intern program for athletes offers valuable business insights and guidance from industry experts, emphasizing the importance of feedback and continuous improvement.

      Fanatics, the leading retailer of licensed sports merchandise, offers an exclusive intern program for professional athletes, providing them with valuable business insights and guidance from industry experts and CEOs of major corporations. Michael Rubin, the founder of Fanatics, emphasizes the importance of feedback and continuous improvement, encouraging consumers to share their experiences and suggestions to help the company grow. Rubin's drive, coachability, and passion for business are key factors in his success, and he believes that great athletes and individuals who remain open to feedback and growth are more likely to sustain success in various aspects of life. If given the opportunity to live forever, Rubin would leave behind three lessons: maximizing every minute, getting the right people around you, and learning from failures. His definition of greatness includes winning at the highest level and doing it the right way every minute.

    • Continuous learning, self-loveSign up for the Greatness newsletter for valuable insights and tips from experts, and remember self-affirmations to boost self-confidence and motivation

      Continuously learning and seeking inspiration from experts can significantly improve the quality of your life. Our world class guests shared valuable insights and tips during this discussion, and you can access more of their wisdom by signing up for the Greatness newsletter. It's a simple yet effective way to keep learning and growing. Moreover, it's essential to remember that you are loved, worthy, and matter. These affirmations can help boost your self-confidence and motivation to go out there and do something great. So, sign up for the newsletter, keep learning, and never forget the power of self-love and self-worth.

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