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Donald J. Trump & Robert Kiyosaki | The Art of the Deal & How to Achieve Massive Success + An Interview With Sam Walton's Right-Hand Man, Tommy Smith + Join Eric Trump & Kiyosaki At March 6-7 Workshop

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January 02, 2025

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In the latest episode of the Thrivetime Show, hosts Clay Clark and Dr. Robert Zoeller share enlightening conversations with Donald Trump, Robert Kiyosaki, and Tommy Smith, who worked closely with the legendary Walmart founder, Sam Walton. The episode dives into notable insights from Trump's best-selling book, The Art of the Deal, Kiyosaki's experiences and wisdom on business success, and Smith's intimate tales from Walmart's early days.

Core Themes and Insights

The Art of the Deal

  • Timeless Negotiation Tactics: Donald Trump asserts that, despite the evolving business landscape, the fundamental principles in his book, The Art of the Deal, remain unchanged. Key takeaways include:

    • Importance of honesty in negotiations.
    • The necessity of having clear and legitimate ideas.
    • The unwavering motto: "Never quit."
  • The Enduring Influence: Trump's acknowledgment of the book's commercial success serves as motivation for aspiring business owners, emphasizing how these negotiation techniques stand the test of time regardless of external changes.

Robert Kiyosaki's Financial Philosophy

  • Rich Dad, Poor Dad: Kiyosaki reflects on the concepts in his world-renowned book, outlining how financial education plays a pivotal role in creating wealth. He highlights that financial independence often stems from understanding and managing money effectively:
    • Teach vs. Give: He reiterates the sentiment that giving money helps momentarily, whereas teaching individuals how to earn sustains long-term financial freedom.
    • Growth Mindset: Kiyosaki underscores the importance of thinking bigger, encouraging listeners to expand their visions, irrespective of current circumstances.

Insights from Tommy Smith, Sam Walton’s Right-Hand Man

  • Sam Walton's Legacy: In an exclusive interview, Tommy Smith offers poignant anecdotes reflecting Walton's hands-on leadership style and undying commitment to his employees and customers. Critical insights include:

    • People Over Process: Walton believed in putting people first; he cultivated a culture where hiring average individuals at above-average wages fostered loyalty and performance.
    • Open Door Policy: Walton had no door on his office, symbolizing accessibility and transparency, encouraging any employee to discuss concerns directly.
  • Creating the Supercenter Model: Smith discusses the innovation behind Walmart’s supercenter concept, highlighting market research and customer focus as pivotal factors in its success:

    • Grassroots Customer Insights: By tracking customer habits, including their distance traveled to shop, Walmart could strategically expand its offerings in the supercenters.

Practical Applications for Entrepreneurs

The episode provides actionable takeaways for aspiring entrepreneurs, including:

  • Always Be Honest: Maintain integrity in negotiations — the long-term benefits outweigh the short-term gains of deception.
  • Invest in Relationships: Cultivate strong relationships with customers and employees, understanding that successful business hinges on people.
  • Vision and Resilience: Embrace a growth mindset; never stop learning or expanding your vision, even in the face of setbacks.
  • Learn to Adapt: Use market feedback to continually innovate and refine business strategies.

Conclusion

Overall, this episode serves as a powerful reminder that despite changes in the business world, core values like honesty, relationship-building, and resilience withstand the test of time. Listeners are encouraged to integrate these insights into their business practices to achieve massive success.

Join Trump and Kiyosaki at the upcoming Thrivetime Workshop on March 6-7 to learn these invaluable lessons firsthand!

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