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Hi Ali, thank you for the great episode! I see there is some weird stuff going on in the comments. Most of them are somehow related to investing or stock market, although the video is not about those topics. Seems like a bunch of bots or fake accounts. Do you understand what's going on?
Massive thanks to Ali and Daniel for the incredible podcast! I've been following Ali's channel for a while now and Ali, your content is gold! I have also read Daniel’s book, "Oversubscribed" twice! Certainly, a must-read! I'm on the lookout for only 2 or 3 driven individuals (ideally based in London) who are serious, committed, and ready to form an accountable mastermind group and take massive action towards the goal of earning $10k a month by October 2024 and $1m a month by December 2026. I'm looking for individuals who are ready to apply the principles outlined in this podcast and willing to put in the work to make it happen. You don’t need to have a business idea or any business experience. But you have a massive unshakeable desire to take action to change your financial story in a short space of time. Not that it makes any difference, I trained as a medical doctor and I am female. Together, we'll hold each other accountable, share valuable insights and resources, and support one another on our respective journeys to financial freedom and abundance. I envision a group of dedicated individuals who are ready to level up, move from consuming knowledge to taking action and make their dreams a reality within the next 6 months. If you're someone who resonates with this vision, and ready to take your life and income to the next level, I invite you to join me on this exciting journey. Click on the WhatsApp link below to express your interest and let's embark on this transformative adventure together. WhatsApp group: chat.whatsapp.com/B5Vvl5QOyRK6XDCUVZ01gM Once this mastermind is complete with 3-4 members, I will close the invite. Here's to taking bold action, chasing our dreams, and creating a life of abundance and fulfillment. I can't wait to connect with you all and make magic happen! Ali/Daniel, I will certainly keep you posted on our progress, so you see the amazing ripple effects of your work in our lives and in humanity! Best regards, Kemi
Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving
Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.
After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.
@@hasede-lg9hj Market behaviour can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
The decision on when to pick an Adviser is a very personal one. I take guidance from Annette Marie Holt to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Gillian Sara sheeran is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Same here all thanks to Gillian Sara sheeran, she has always been there to guide me through with detailed analysis and recommendations that I wouldn't have access to otherwise.
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
@@maryHenokNftbravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
*Gertrude Margaret Quinto* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I’m avoiding trending entrepreneurship podcasts because I’m simply exhausted from the same rhetoric but this was so refreshing. Real masterclass and I listened to the full 2.5 hours. Daniel is a great speaker and breaks it down in a relatable way. Thanks 💛
So much knowledge! Absolutely free! I was never taught anything about money, I am praying and working to change that. I am 46 no retirement no savings because I made a lot of mistakes when I started investing, trying to correct that now. Already have a few thousand$ saved up to invest for long term. I would like to know what advice you could give to start my investing journey. Listening to you gives me inspiration and wisdom. Thank you so much!
Just buy low sell high. Stick with a good company by either not selling when it’s going lower and/or buying more at that time. Almost always the good well managed companies will come back strong at some point. The other is to get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Well, I recommend you make a diversification plan because it's been harder to build a good financial portfolio since COVID. My colleague suggested I hire an advisor. I did and I've actually made over $926K with my advisor's help during this market crash. She uses defensive strategies to protect my portfolio and make profits despite the ups and downs.
46 is very late to start. 2 options : invest with high risk but high reward, 10-25% usually in small business. but with a high 50% chance to lose everything or 2) invest safe with a solid index. it always outperform market. I think its 6-7 % returns. if you have 10,000 and invest 1000 per month for 20 years, you should have 495K % 6% return rate.
CAOS, OMV, J curve, Sales vs Volume businesses, to name a few of the many GEMS in this video 🤯🤯🤯. It's INSANE that this video is free. Wow. This video is a money printer and incredibly grateful it exist. So timely ❤
ali always asks the most relevant and best counter questions the moment something comes up in my mind he asks that question within the next minute i love this
So much knowledge! Absolutely free! All of this is not taught in school or university! I was never taught anything about money, I am praying and working to change that. I am 46 no retirement no savings because I made a lot of mistakes when I started investing that I am trying to correct now. Listening to you gives me inspiration and wisdom. Thank you so much, Ali and Daniel! It's mind-blowing!
Can relate. As a beginner, I took a more practical step to learn to invest, I began through the guidance of a financiał consułtant and within 2 years, I have owned 2 companies in the United states and car dealership all with the an ínvestment capital of $400,000 so it is best to invest with the help of an expert
@tommymyershoffman I might have seen that name 'Heather Lee Larioni' somewhere in reviews or so, can't really recall. But I'll be following her up. Thank you for saving me hours of researching.
Look man this is a scam. Everything he’s saying is bullshit with some facts mixed in. You can’t just start a million dollar business because you feel like it (unless you had a million dollars or something worth at least a million dollars already)
So, the more I watch from Daniel Priestly the more I like this guy. What a phenomenal communicator. He makes me believe that we can actually do this AND it doesn’t need to be complicated.
I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.
The first step to wealth creation, is figuring out your goals and risk tolerance - either on your own or with the help of a financial advisor. If you can get the facts about savings and investing with a well detailed plan, you should be able to gain financial security over the years and enjoy the benefits of managing your income.
That is why I work with John Desmond Heppolette, who introduced me to a better financial community, a validated organization where I learned how investing works and how to invest proficiently, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made..
Working with a financial advisor who has worked in a solid financial firm for a long time, such as John Desmond Heppolette, will actually set you up for success in life. I'm delighted I was able to reach out to him earlier this year because while others were grumbling about the downturn in the markets due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone, which is why it's always good to join the right community..
Your financial advisor really seem to know this stuff. I found his online-page when I made a google search of his full names online, read through his resume, educational background and qualifications, it was really impressive. I left him a note and booked a call session with him..
Yeah for real, John Desmond Heppolette, is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience..
Daniel Priestley is hands down one of the most outstanding speakers I've ever heard. His wisdom, his spur of the moment answers and the way the explains with analogies are incredible! Amazing interview!
Investing in mutual funds offers a structured and diversified approach to building wealth, managed by professional fund managers. While there are costs and some limitations, the benefits of diversification, professional management, and ease of access make mutual funds a popular choice for achieving a variety of financial goals.
Exactly, I used to doubt the value of a financial advisor until my wife's company assigned her an investment adviser in 2020. Honestly, it’s been the best financial decision I’ve made. It helped tremendously; I went from barely making any profit to having a well-diversified portfolio that has grown significantly, with gains exceeding $850k.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $875k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
Those are remarkable comments guys! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the names of the advisors who have been assisting in navigating these financial challenges?
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
Making touch with financial advisors like Maria Williams who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
She trades for me too. My first investment with Maria Williams gave me profit over $25,700 and ever since then I trade with her and it has been a good turn up
"Go work for a team of 8, learn from them" This is so TRUE because I'm currently lucky enough to be doing this with one of the best shops in the industry. Being able to watch and learn from a small, well put together crew beats any corporate job any day of the week.
Daniel Priestley is the most insightful person I've ever come across on the internet. Everything he says is actionable. I literally build my email marketing agency business in the biotech and healthcare space thanks to watching his videos. Now I'm on the path of making $20K/month. Btw. I'm from a third world country so $20K a month is more than the president's monthly salary.
I am literally pulling all-nighters reading 48 laws of power , and Jordan Peterson about how to write and speak , and watched this full video in-depth searching and reading about each subject and score app company and taking notes and I wanna read all Daniel Priestley books as well as taking action to become as I was in school and Uni a person of influence. Thank you Ali Abdaal for this great deep dive into life and the real world !
I'm on the lookout for only 2 or 3 driven individuals (ideally based in London) who are serious, committed, and ready to form an accountable mastermind group and take massive action towards the goal of earning $10k a month by October 2024 and $1m a month by December 2026. I'm looking for individuals who are ready to apply the principles outlined in this podcast and willing to put in the work to make it happen. You don’t need to have a business idea or any business experience. But you have a massive unshakeable desire to take action to change your financial story in a short space of time. Not that it makes any difference, I trained as a medical doctor and I am female. Together, we'll hold each other accountable, share valuable insights and resources, and support one another on our respective journeys to financial freedom and abundance. I envision a group of dedicated individuals who are ready to level up, move from consuming knowledge to taking action and make their dreams a reality within the next 6 months. If you're someone who resonates with this vision, and ready to take your life and income to the next level, I invite you to join me on this exciting journey. Click on the WhatsApp link below to express your interest and let's embark on this transformative adventure together. WhatsApp group: chat.whatsapp.com/B5Vvl5QOyRK6XDCUVZ01gM Once this mastermind is complete with 3-4 members, I will close the invite. Here's to taking bold action, chasing our dreams, and creating a life of abundance and fulfillment. I can't wait to connect with you all and make magic happen! Ali/Daniel, I will certainly keep you posted on our progress, so you see the amazing ripple effects of your work in our lives and in humanity! Best regards, Kemi
I loved Daniel's response to Ali's concern about marriage and children! It was perfect! I didn't get married or have children until after I was 35 and although I miss my autonomy sometimes, I looove my little family and always remind myself that I had my single fun already and now it's time for family fun and passing on what I know! Phenomenal interview all around!
Massive thanks to Ali and Daniel for the incredible podcast! I've been following Ali's channel for a while now and Ali, your content is gold! I have also read Daniel’s book, "Oversubscribed" twice! Certainly, a must-read! I'm on the lookout for only 2 or 3 driven individuals (ideally based in London) who are serious, committed, and ready to form an accountable mastermind group and take massive action towards the goal of earning $10k a month by October 2024 and $1m a month by December 2026. I'm looking for individuals who are ready to apply the principles outlined in this podcast and willing to put in the work to make it happen. You don’t need to have a business idea or any business experience. But you have a massive unshakeable desire to take action to change your financial story in a short space of time. Not that it makes any difference, I trained as a medical doctor and I am female. Together, we'll hold each other accountable, share valuable insights and resources, and support one another on our respective journeys to financial freedom and abundance. I envision a group of dedicated individuals who are ready to level up, move from consuming knowledge to taking action and make their dreams a reality within the next 6 months. If you're someone who resonates with this vision, and ready to take your life and income to the next level, I invite you to join me on this exciting journey. Click on the WhatsApp link below to express your interest and let's embark on this transformative adventure together. WhatsApp group: chat.whatsapp.com/B5Vvl5QOyRK6XDCUVZ01gM Once this mastermind is complete with 3-4 members, I will close the invite. Here's to taking bold action, chasing our dreams, and creating a life of abundance and fulfillment. I can't wait to connect with you all and make magic happen! Ali/Daniel, I will certainly keep you posted on our progress, so you see the amazing ripple effects of your work in our lives and in humanity! Best regards, Kemi
Agreed that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Glad you asked because in 3 year their would be a company listed on Indian share market. Which would be called or branded as origin and worth millions or billions. And CEO would some 22-23 year man. Who will create one the world greatest company. Which would contribute human kind. This company would be responsible for making world first under ocean city near Mumbai and goa. The city would be named as "Dwarka new rise". In occasion of opening the city 23 major country representive and prime minster would be there. It probably would take 15 year after origin became 3 billion dollars company. At that time opening dwarka, the company would worth about 700 billion dollar and world's fastest growing company in the world and would break nvidea record.
The greater the automated income you can build, the freer you will become. Taking the first step is the hardest, but 5 houses later living off automated income since July 6, 2016. You've got to start taking steps to achieve your goal.
All passive income ideas work as long as you put the work in. I focus more on cryptos, NFTs, real estate crowdfunding and IDOs. With the assistance of a financial consultant, I'm doing well for myself.
Most people simply enter the Trading market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjoy the benefits of income management.
That is why I work with Gregory Thomas Patchak, who introduced me to a better Financial community, a verified agency where learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.
Exactly why i enjoy market decisions being guided by a professional, seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience, been using the expertise and guidance of Gregory Thomas Patchak, for over 5years+ and I've netted over $3million in that time frame..
Great video. I think what most rich people have in common is that they work hard and think hard, and they are ready to take some risks. I used to be very lazy but this year I started to take some initiative in my life and I started doing dropshipping. Now, after seven months I can say that it was the best decision of my life. What helped me the most was founding good products to sell (I am using a little bit of winnerzila as source of my products, and their lifetime deal is amazing imo, especially for beginners). Last month I had 13000$ profits, it was the best month for me so far.
I really like the doctor analogy for being an entrepreneur!! I had never made the connection that what I do as a financial coach is exactly like visiting a doctor's office: talk to them, assess the problem, and offer the treatment! I'll have to use that as an analogy for my clients. Thanks for this video gentlemen! 😊
Prior to watching this video, I was not following Ali and I didn't know who Daniel Priestley was. I would NEVER watch such a long podcast/video (2.30h!!), not even from someone I already follow. YET, this was the most enlightening, value-adding, thought-provoking and easy-to-follow video I've ever watched. Thank you both, Ali and Daniel. And I thought that the Hormozis, Bartlett and Mel Robbins were the top ones.
I started a company with nothing but an idea. Lost everything during covid. Pivoted. Built a proof of concept. Made my first sale. 18 months ago we opened our doors. Became the busiest axe venue in the country. Have had 70k customers. 75M views on social media. And already done 1M+ of revenue. Its a fun story.
Good job man ! Could you maybe advise what are the first steps for someone who is fully committed to starting their own business soon but right now is clueless on what to do ?
There is so much value in this video - I need to watch it again (and probably again). I have a business - we are at £10k - £100k a month (but much nearer to £20k) - I need to scale and have learnt so much from this. I did speak to a business coach and at the end actually said everything he told me was not a revelation, which he agreed with. It is all in me somewhere - but I get "stuck in my own head". It's not about the money - it's about the fun of creating a business.
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.
Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely...
I couldn't agree more. Taking charge of your life and putting in the hard work is the path to success. Having a portfolio manager like Mr. Samuel Peter Descovich is a game-changer. Their expertise and guidance can truly transform your financial journey. Making $35,000 in profits each month and saving 70% of that is quite impressive!They save you time and provide valuable insights that lead to impressive profits. Keep up the amazing work, and enjoy the fruits of your labor..
I've shuffled through a few experts in the past, but settled with SAMUEL PETER DESCOVICH. The strategy he use is recession-proof, more specifically profit-oriented , and most likely, you'd find his basic info on the net, he's a renowned advisor.
It’s unfortunate most people don’t have such information, I don’t really blame people who panic cos lack of information can be a big hurdle. I’ve been making more than $65k passively investing with Samuel Peter Descovich, and I don’t have to do much work. It doesn’t matter if the market is crashing, I will always make good profit returns.
I have turned over more than half MILLION working with SAMUEL PETER DESCOVICH on a wide array of options and finally sticking to a few that have been favorable in the past 2 years.
This episode in one hour changed my attitude to business completely. For last month I was development my coaching business for men and I knew I had a product but couldn’t approach it in my head what to do with it. And just few words made my crush white board and reflect on desires and resolutions for my customers. Thank you
Finally, I spent about three weeks listening to this interview, it was impossible to do it while doing any other task since I had to take notes every 2 mins. Eveb when I was walking I had to do it with a notepad, excelent content, right on point, it was like reading a book without the unsufferable overexplaining and redundancy, great job Ali and Daniel
I'm on the lookout for only 2 or 3 driven individuals (ideally based in London, UK) who are serious, committed, and ready to form an accountable mastermind group and take massive action towards the goal of earning $10k a month by October 2024 and $1m a month by December 2026. I'm looking for individuals who are ready to apply the principles outlined in this podcast and willing to put in the work to make it happen. You don’t need to have a business idea or any business experience. But you have a massive unshakeable desire to take action to change your financial story in a short space of time. Not that it makes any difference, I trained as a medical doctor and I am female. Together, we'll hold each other accountable, share valuable insights and resources, and support one another on our respective journeys to financial freedom and abundance. I envision a group of dedicated individuals who are ready to level up, move from consuming knowledge to taking action and make their dreams a reality within the next 6 months. If you're someone who resonates with this vision, and ready to take your life and income to the next level, I invite you to join me on this exciting journey. Click on the WhatsApp link below to express your interest and let's embark on this transformative adventure together. WhatsApp group: chat.whatsapp.com/B5Vvl5QOyRK6XDCUVZ01gM Once this mastermind is complete with 3-4 members, I will close the invite. Here's to taking bold action, chasing our dreams, and creating a life of abundance and fulfillment. I can't wait to connect with you all and make magic happen! Ali/Daniel, I will certainly keep you posted on our progress, so you see the amazing ripple effects of your work in our lives and in humanity! Best regards, Kemi
These kinds of talks are often motivational, common sense masquerading as sage advice. But I finally found a punctual person, happy to share information and above all pleasant. This sounds funny, but now I am a Daniel Priestley fanboy.
Understanding the “J curve” volume businesses VS the “Sales business” concept was one of the biggest realizations/reality checks for me and my business and understanding how and why it takes so much to start and succeed certain types of business. Great Podcast, thank you Ali and Daniel!
Wow, 50 minutes in and this is a wealth of knowledge. I run a 3-4 team business and Daniel is just droppinig knowledge I had to learn the hard way. So excited to hear the rest. Thanks for getting him on again, I'll have to go back and hear the first podcast too.
What are the best strategies to protect my portfolio from a crash? I've heard that the market crash will devastate the financial market, so I'm concerned about my $200k portfolio.
Amidst recession, investors need to understand where and how to allocate funds to hedge against downturns and still make profits. if you can't navigate the market you should consult with an expert advisor
The US-Stock Market had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled markets, but there are avenues lurking around if you know where to look I’ve netted over $450k in the past 10months.
@@ThomasHeintz Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them? My portfolio is in the red waters right now
Laura Marie Ray is my Advis0r. She has since provided entry and exit points on the securities I concentrate on. If you want to check her out, you may do so online. I usually trade in accordance with her strategy.
@@ThomasHeintz Thanks, I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
ali always asks the most relevant and best counter questions the moment something comes up in my mind he asks that question within the next minute i love this
This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.
These uncertainties will always be there. Thing is, every once in a while, the market does something so stupid it takes your breath away. If youre not ready for it, you shouldnt be in the market business. or get you a skilled practitioner.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors' and hear-says, it got the best of me in the year 2020 and had me holding worthless positions in the market. I had to revamp my entire portfolio through the aid of Heather my financial advisr, before I started seeing any significant results happens in my portfolio. Been using the same advisor since then and I’ve scaled up almost a million within 2 years. Whether a bullish or down market, both makes for good profit, it all depends on where you’re looking…
Not bad at all. I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market. Could this coach that guides you help?
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
There's absolutely no way in this world anyone can tell me there's a better, more valuable way to have spent 2:28:36 of my day today. If there's is, post it here. Thank you gentlemen for sharing so much value and giving it for free. May it come back to you a hundred fold.
I can safely say after watching this, that I just had an awakening, I thought you could only be spiritually awakened, but this guy gives business mindset awakenings too. I can't be thankful enough, thank you so much for setting me up on the path with so much guidance, this is exactly what I needed to finally start executing my business, much love & appreciation.
Just watched this and your comment absolutely sums it up. To use your words, it’s like a spiritual business awakening - plus it has clear numbers, factors, considerations, etc!
@@heyOmotayo that is absolutly right, I just discovored this guy, and he is absolutely amazing, I can literally listen to him fo hours on end as he has so much wisdom. I'm now watching his podcast in @thefuture channel, about Marketing and a book of his called over-subscribed, you can go and watch it if you haven't already, the Sh*t is mind blowing and again so simple to apply & understand , anyone can basicaly apply it. Best of luck to you my friend, Cheers.
The origin story session really hit me. Wow... Thank you for this moment you gave me to reflect and be introspective on what has and still does influence me all these years later.
I have been an entrepreneur for last 5 years build 3 companies and still after watching this video, i am leaning so so much. Its like i know nothing. But most importantly my passion for entrepreneurship is returning after watching this video. Thank you for this awesome content. 🙏
I loved hove Daniel Priestly explained everything with accurate examples and at the same time gave different perspectives to perceive things. I also really enjoyed listening to him because of his way of talking in a fun, lighthearted, gentle way. Im a doctor myself and dont plan to leave the profession soon but would certainly like to explore other sources of incomes. This was encouraging 🌸 thank you Ali for bringing brilliant people to the podcast. I always watch until the end even if it’s not about my field or interests because there’s always something to learn from successful and passionate people.
Legend legend LEGEND Daniel !! More golden learning in this one video than my ~2 years of youtube videos, podcasts and vlogs. Maybe it's just so well structured and direct. Appreciate this so so much Ali and Daniel. Wish you both continue to grow tremendously and live happy and fulfilled lives!
Ali's interviews are right on the money! There are different interviews of Daniel but this one really strikes to the point and keeps engaged even though its a long interview.
Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market? nothing beats retiring early
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance to make a from a financial-advisorr, you can be passively involved with the aid of a professional
Legit one of the most valuable videos on UA-cam I've seen. As I start my business the insights Daniel has provided will surely save me so much time and money. Thank you for this!
Thank you Daniel, I really enjoy your style! You’re an amazing teacher - so authentic and sincere and open. I feel lucky to have come across you in this video and I plan to follow you and learn a lot more. Ali, thank you for all that you do x
I’m not the one to comment usually, but I had to give the thumbs up. What an amazing conversation! Packed with practical and valuable content. Went from here to Amazon to buy every book from Daniel!
Of all the podcasts I watched, from various podcasters, I must say, this is the first that contains credible solutions and a pathway to getting started. Really appreciate the contribution and inspiration
This interview sparked my curiosity 🙌Clarity about businesses and entrepreneurship just really made me more eager to start my own service-based business. I'm looking forward to the stress, learning and earning!
This is the first time I’ve “met” Daniel Priestly, and he is awesome! Really enjoyed this podcast episode and got a lot of really valuable information. Thank you both 😊
Daniel Priestley is brilliant, especially in person. His insights into entrepreneurship and human nature is uncanny. Why he’s not a bigger name is surprising to me. I guess it’s good for those of us who know of his work.
Thank you both for this incredible informative Podcast. Very Inspiring. 🙏 I am am jung person, trying to establish myself in the entreprenerial world. In the near future I hope to conect with Mr. Priestley and Ali 😀
What a great interview and such a wonderful guest speaker. I've learned a lot from it. Now, I plan to read his books. Thank you for sharing, Ali. He could be a great mentor for many potential entrepreneurs.
I've followed Dan Priestly for a while now and he is amazing. However I have to give massive credit to you for the line of questioning which opened Dan and allowed him to answear in a way that released the wealth if information this man carries
Dear Ali, thank you soooooo very much for making this podcast!!! It blew my mind and opened up like the 10th dimension!!! So much density of quality information for me! My biggest appreciation and vest wishes for your journey! Learning how to create my own business in art and entertainment.
Wow. My first time listening to Daniel Priestly, (Obvs heard of him), but my gosh he explains things perfectly. I am someone who switches off very quickly (admittedly, watched this in bites of 30 minutes when I got the spare chance), but, if I had more time on my hands I could’ve watched this in 1 sitting (which is a rarity). Anyway, lots of very VERY interesting things to grab hold of for anyone on their entrepreneurial or even Business journeys. Whether you’re thinking about it or you’re a seasoned pro there is something in this for everyone. I will also be using some of the examples, methodologies and anaologies within my own ventures/situations and clients. 10/10. I think Ali even learnt a thing or two here, also… just 1 last thing well done Ali for producing this, it’s very much needed and a valuable resource to anyone that comes across this. I will deffo be hitting the subscribe button now. 🎉
I really enjoy Daniel! He has such a simple but impactful way of explaining things and that's a gift. I am subscribed to his Scoreapp but have to get back into it and actually put it to work. Thanks for another solid deep dive, Ali! I tell all my clients and business owners I advise about you and I am looking forward to reading your book.
Take-aways: 1. Want the problem of barely keeping up, not drumming up. 2. Entrepreneur needs to be focused on growing, and coaching, not in the day to day operations. 3. Post 10,000 you need to sell things in clusters. 4. It's hard to play arbitrage with people v.s. IP
I was really moved by the childhood empowerment stories.Thanks for sharing. I don't have a childhood empowerment story and it makes me feel sad and totally empty inside. Thanks for the way you kindly dealt with the topic of people who don't have a empowerment story.
There is a hell of a lot of value in this podcast. I’ve been feverishly taking notes which almost never happens with UA-cam content. “Firmware update” indeed. Thank you for this. It’s amazing that this is free.
🎯 Key Takeaways for quick navigation: 00:00 🎯 Daniel Priestley discusses his background and how he built multiple companies without having specific skills, emphasizing his role as an "organizing force." 00:28 💡 The episode covers the entrepreneur journey from 0 to 10K, then 10K to 100K, and finally 100K to a million dollars a month. 00:43 🛠️ Frameworks will be discussed to help people at different stages of their business careers, including the four different types of products. 01:11 🌟 As a key person of influence, you should focus on what only you can do, rather than running your business. 02:21 🌍 Discusses the changinglandscape of work and how people are increasingly dissatisfied, making entrepreneurship an appealing option. 03:30 🏗️ Entrepreneurship is likened to building Lego, following specific steps to reach the end goal, demystifying the perceived risk. 04:56 ❗ Distinguishes between trading and entrepreneurship, noting that trading is a zero-sum game, whereas entrepreneurship allows for value addition. 06:31 🎲 Talks about de-risking entrepreneurship by going through a process of discovery to find unmet needs in the market. 07:54 🎓 Critiques the education system for preparing people for a world that no longer exists, making them ill-suited for entrepreneurship. 10:24 💰 Defines entrepreneurship as a pursuit of commercial success, involving risk and organizing resources beyond your control. 12:58 🤔 Challenges the idea of being a 'solopreneur,' emphasizing the limitations of not having a team to scale the business. 15:18 📝 Introduces the 'CHAOS' framework for aspiring entrepreneurs: Concept, Audience, Offer, Sales. 19:19 🧠 Entrepreneurs often seek to recapture early moments of empowerment from their youth. 19:47 💻 Coding and creating websites were cited as a specific empowering moment. 20:44 🦸♂️ Origin stories can be positive or negative but are foundational for entrepreneurs. 21:38 💼 The concept of "business" became empowering during a garage sale experience. 23:03 💲 Successful entrepreneurs aren't solely motivated by money; it runs deeper. 23:47 ⚠️ Entrepreneurship is not for everyone and can be stressful. 24:45 🛠️ Gain experience by working in a small business first. 30:22 🎯 Discusses the difference between a business "vision" and "mission." 31:19 🎓 Students are not an ideal market because they prefer to throw time at problems rather than money. 32:00 💡 Test business ideas quickly and cheaply; an idea can start as a page of notes. 33:51 📈 A good product should offer a clear 10-to-1 return on investment. 37:50 🚫 Food-related businesses can be capital-intensive and hard to scale. 38:43 🛑 Daniel Priestley advises against launching a productivity app without significant capital due to the "J curve" in finances. 39:10 📊 Validate your business idea with low-cost methods, like hosting a Zoom event or setting up a scorecard for potential customers. 40:34 📣 Use various platforms like Instagram and LinkedIn for customer outreach and validation. 40:48 📉 Explains the "J curve" in business, describing how some businesses lose money before they start to make money. 44:05 💼 Differentiates between sales businesses and volume businesses, suggesting the former are better for beginners. 45:31 🚨 Warns against low-ticket, high-volume businesses that require a large team and significant scale to be profitable. 50:13 💰 Focuses on the wealth distribution, advising businesses to target high-income individuals for better ROI. 54:31 🎯 Emphasizes the need for a business model that can generate at least $10,000 per month, ideally through high-ticket sales. 56:37 ❌ Highlights the importance of ruling out business ideas that don't meet stringent criteria for scalability and profitability. 57:19 🤝 Recommends presenting your offer in person to gauge customer reactions better and improve your product. 57:48 📱 Tech entrepreneurs should be hands-on with potential clients to understand their needs and preferences. 58:29 🚫 Online interactions may not provide sufficient customer insights; face-to-face meetings are essential. 58:57 📊 Conduct at least 30 sales meetings to gather statistically significant data on customer reactions. 01:00:08 ⚒️ Refining your product is an iterative process, like a blacksmith sharpening metal. 01:00:33 📝 Take detailed notes after each customer meeting to understand likes, dislikes, and potential areas for improvement. 01:01:28 🤝 Entrepreneurship is about organizing forces; you don't have to be the expert in the service you're selling. 01:03:19 🎯 The entrepreneur's role is to be the organizing force, not necessarily the one doing the work. 01:04:56 🛒 Sales should not be viewed as a "dirty word"; it's a valuable skill involving listening and understanding. 01:09:55 📈 Use the LAPS (Leads, Appointments, Presentations, Sales) model for a systematic approach to sales. 01:15:35 💡 Capitalism is fundamentally about mutually beneficial transactions; both parties should feel they're getting a good deal. 01:16:47 🎯 Focusing on the right target audience is crucial for sales, and worrying about this shows you're a responsible player in the market. 01:17:15 👥 At 10K a month, your team is likely 2-4 people, including roles like sales, customer service, and administration. 01:18:25 🧩 When hiring, look for "Rebels and misfits" who don't fit the usual molds but have good attitudes or unique talents. 01:20:20 💬 Team chemistry, even in remote settings, is vital for communication and motivation. 01:22:58 🌟 To scale from 10K to 100K a month, become a "key person of influence" and expand your reach through multiple channels. 01:24:50 👥 Personal brands drive businesses; examples include Steve Jobs for Apple and Bill Gates for Microsoft. 01:27:09 📚 Publishing content like books can help establish you as an authority and drive business growth. 01:28:20 📦 Diversifying your product range is crucial, including gifts, core offerings, and subscriptions. 01:31:35 💰 When scaling, recurring revenue stacks up quickly, especially when targeting high-paying clients like doctors. 01:35:06 🏢 Businesses can have multiple revenue streams; the key person of influence is the centerpiece that attracts customers to these streams. 01:37:10 🎯 Importance of targeting your audience by going to their specific conferences instead of industry-related events. 01:38:06 🏈 The 'Quarterback' model: The key person of influence throws opportunities to the team, helping the business to thrive. 01:39:00 ☕ Running a business doesn't require a high-profile manager; even young people manage multi-million dollar businesses like Starbucks. 01:40:10 🕒 Once you reach a certain revenue, you should focus on higher-impact tasks and delegate day-to-day operations. 01:41:06 📊 Importance of having a dashboard for monitoring key business metrics. 01:43:12 📚 Your high-value tasks as a key person of influence are content creation, like writing a book or doing a podcast. 01:45:04 📈 Owning multiple businesses can be less stressful than owning just one. 01:49:11 👥 Team dynamics change around the 13th employee, leading to a need for sub-teams and more complex management. 01:51:09 🏜️ "Crossing the desert": The phase where a business is too big to be small but too small to be big, requiring crucial decision-making. 01:56:01 🛠️ Modern assets for productivity are typically digital, such as intellectual property, media, or software. 01:57:09 💼 The assets of a business, such as media, intellectual property, and software, contribute significantly to productivity. 01:58:17 📚 Intellectual property can manifest as methods, recipes, or data, and is crucial for scaling. 01:59:43 🤖 A scalable business model requires fewer people as it grows, focusing instead on leveraging assets like software. 02:01:04 🤝 Partnerships can offer a scalable way to grow, especially when combined with intellectual property and media. 02:03:18 📈 Companies can scale by having teams of teams focused on different functions, products, or markets. 02:06:04 ⚖️ Some businesses scale easily while costs remain low, unlike industries like childcare where costs scale with the business. 02:08:12 💡 A ventures model, involving partnerships and equity, can offer significant upside while still maintaining a lean team. 02:12:36 🤑 In finance, scaling is easier and can involve large sums with comparatively small teams. 02:14:15 📊 Companies often sell for multiples of their profit or revenue, providing a fast route to significant gains. 02:16:51 🎯 Being a key person of influence in a business ecosystem can pave the way for other roles and opportunities. 02:17:18 🚀 Entrepreneurship is not an easy path but the payoff can be huge, potentially earning in one deal what many earn in a lifetime. 02:17:58 😓 The downside of entrepreneurship includes stress and complexity. 02:18:11 🥕 Entrepreneurial life is motivated by "bigger carrots and bigger sticks," meaning both the rewards and the risks are greater. 02:18:53 💡 The speaker is driven by the potential and the camaraderie of his current software business. 02:20:13 💲 Entrepreneurship isn't just about the money; it's about the game and the identity associated with it. 02:21:37 📈 Business success is a scoreboard for validation; it's crushing when someone cancels a subscription. 02:23:15 ⚖ Life is a series of trade-offs, especially when balancing freedom and family commitments. 02:24:38 🏠 Life moves in chapters, and clinging to a past chapter can lead to unhappiness. Made with HARPA AI
Waking up feeling exhausted due to a lack of achievements while working on some ideas for at least a year, I just watched half of this video, and the positive mindset cheered me up. Thanks so much Ali & Daniel🙏
Yes, he’s back! 🎉 Since being introduced to him through your last interview I bought and read all of his books. You both bring so much incredible value. 💛 Ali, I snapped up your book the first day it was offered too!
The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation
In my taxable account I went into dividend investing route. In my Roth I did the buy and hold route with an S&P 500 etf and total market etf along with some Berkshire B stock and SCHD.
@GregHilton-bn7mc I greatly appreciate that this tip arrived at the appropriate time. I typed her entire name into my browser out of curiosity and discovered her website at the top of the results, no BS-her over 20 years of expertise is impressive!
I greatly appreciate that this tip arrived at the appropriate time. I typed her entire name into my browser out of curiosity and discovered her website at the top of the results, no BS-her over 20 years of expertise is impressive!
This is an amazing interview and conversation! Thank you guys, I will definitely be listening to this one again! I don’t believe I watched the first episode from about a year ago, but I will certainly go back and find it. Thank you so much once again!
📚 Check Out My New York Times Bestselling Book Feel-Good Productivity! 👉 go.feelgoodproductivity.com/podcast
🎬 If you want to start or grow your UA-cam channel to help with your brand or business, check out the Part-Time UA-camr Academy here 👉 go.aliabdaal.com/ptya_priestley
Hi, there! If one day you plan about share your content in Brazilian Portuguese, I’m up to translate that, ok? Nice content! 🙌🏽
Hi Ali, thank you for the great episode! I see there is some weird stuff going on in the comments. Most of them are somehow related to investing or stock market, although the video is not about those topics. Seems like a bunch of bots or fake accounts. Do you understand what's going on?
Massive thanks to Ali and Daniel for the incredible podcast! I've been following Ali's channel for a while now and Ali, your content is gold! I have also read Daniel’s book, "Oversubscribed" twice! Certainly, a must-read!
I'm on the lookout for only 2 or 3 driven individuals (ideally based in London) who are serious, committed, and ready to form an accountable mastermind group and take massive action towards the goal of earning $10k a month by October 2024 and $1m a month by December 2026.
I'm looking for individuals who are ready to apply the principles outlined in this podcast and willing to put in the work to make it happen. You don’t need to have a business idea or any business experience. But you have a massive unshakeable desire to take action to change your financial story in a short space of time.
Not that it makes any difference, I trained as a medical doctor and I am female.
Together, we'll hold each other accountable, share valuable insights and resources, and support one another on our respective journeys to financial freedom and abundance. I envision a group of dedicated individuals who are ready to level up, move from consuming knowledge to taking action and make their dreams a reality within the next 6 months.
If you're someone who resonates with this vision, and ready to take your life and income to the next level, I invite you to join me on this exciting journey.
Click on the WhatsApp link below to express your interest and let's embark on this transformative adventure together.
WhatsApp group: chat.whatsapp.com/B5Vvl5QOyRK6XDCUVZ01gM
Once this mastermind is complete with 3-4 members, I will close the invite.
Here's to taking bold action, chasing our dreams, and creating a life of abundance and fulfillment. I can't wait to connect with you all and make magic happen!
Ali/Daniel, I will certainly keep you posted on our progress, so you see the amazing ripple effects of your work in our lives and in humanity!
Best regards,
Kemi
Your timestamps are WAY OFF and its actually missing whole sections of the interview
the most valuable from this talk is the last few minutes, not about money, but life.
It’s kind of crazy how nobody is talking about the book The Cosmic Wealth Frequencies on Borlest.
Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving
Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.
After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.
@@hasede-lg9hj Market behaviour can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
The decision on when to pick an Adviser is a very personal one. I take guidance from Annette Marie Holt to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
Investing and trading now will be the wisest thing to do especially with the current economic fluctuation and inflations.
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Gillian Sara sheeran is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Same here all thanks to Gillian Sara sheeran, she has always been there to guide me through with detailed analysis and recommendations that I wouldn't have access to otherwise.
She is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
@@maryHenokNftbravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
*Gertrude Margaret Quinto* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
I’m avoiding trending entrepreneurship podcasts because I’m simply exhausted from the same rhetoric but this was so refreshing. Real masterclass and I listened to the full 2.5 hours. Daniel is a great speaker and breaks it down in a relatable way. Thanks 💛
So much knowledge! Absolutely free! I was never taught anything about money, I am praying and working to change that. I am 46 no retirement no savings because I made a lot of mistakes when I started investing, trying to correct that now. Already have a few thousand$ saved up to invest for long term. I would like to know what advice you could give to start my investing journey. Listening to you gives me inspiration and wisdom. Thank you so much!
Just buy low sell high. Stick with a good company by either not selling when it’s going lower and/or buying more at that time. Almost always the good well managed companies will come back strong at some point. The other is to get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Well, I recommend you make a diversification plan because it's been harder to build a good financial portfolio since COVID. My colleague suggested I hire an advisor. I did and I've actually made over $926K with my advisor's help during this market crash. She uses defensive strategies to protect my portfolio and make profits despite the ups and downs.
Really? I’ve actually been looking to switch to an advisor for a while now. Just never made up my mind. Any help pointing me to who your advisor is?
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
46 is very late to start. 2 options : invest with high risk but high reward, 10-25% usually in small business. but with a high 50% chance to lose everything or 2) invest safe with a solid index. it always outperform market. I think its 6-7 % returns. if you have 10,000 and invest 1000 per month for 20 years, you should have 495K % 6% return rate.
CAOS, OMV, J curve, Sales vs Volume businesses, to name a few of the many GEMS in this video 🤯🤯🤯. It's INSANE that this video is free. Wow. This video is a money printer and incredibly grateful it exist. So timely ❤
ali always asks the most relevant and best counter questions
the moment something comes up in my mind he asks that question within the next minute
i love this
So much knowledge! Absolutely free! All of this is not taught in school or university! I was never taught anything about money, I am praying and working to change that. I am 46 no retirement no savings because I made a lot of mistakes when I started investing that I am trying to correct now. Listening to you gives me inspiration and wisdom. Thank you so much, Ali and Daniel! It's mind-blowing!
Can relate. As a beginner, I took a more practical step to learn to invest, I began through the guidance of a financiał consułtant and within 2 years, I have owned 2 companies in the United states and car dealership all with the an ínvestment capital of $400,000 so it is best to invest with the help of an expert
@tommymyershoffman Really? I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is? Please.
@tommymyershoffman I might have seen that name 'Heather Lee Larioni' somewhere in reviews or so, can't really recall. But I'll be following her up. Thank you for saving me hours of researching.
SCAM DO NOT CONTACT THIS WOMAN@Bezosjesss
Look man this is a scam. Everything he’s saying is bullshit with some facts mixed in. You can’t just start a million dollar business because you feel like it (unless you had a million dollars or something worth at least a million dollars already)
So, the more I watch from Daniel Priestly the more I like this guy.
What a phenomenal communicator.
He makes me believe that we can actually do this AND it doesn’t need to be complicated.
Same
LOVE HOW ALI communicates with his guests. Nods, affirms what they say, smiles and just acts polite and courteous.
Stop insulting other people's intelligence@pamelaparis1659
Stop insulting other people's intelligence@mooreben3295
Stop insulting other people's intelligence
@Elizabethadams712
NO! it seems like he's on crack and can't wait for the guest to shut up so that he can speak.
I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.
The first step to wealth creation, is figuring out your goals and risk tolerance - either on your own or with the help of a financial advisor. If you can get the facts about savings and investing with a well detailed plan, you should be able to gain financial security over the years and enjoy the benefits of managing your income.
That is why I work with John Desmond Heppolette, who introduced me to a better financial community, a validated organization where I learned how investing works and how to invest proficiently, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made..
Working with a financial advisor who has worked in a solid financial firm for a long time, such as John Desmond Heppolette, will actually set you up for success in life. I'm delighted I was able to reach out to him earlier this year because while others were grumbling about the downturn in the markets due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone, which is why it's always good to join the right community..
Your financial advisor really seem to know this stuff. I found his online-page when I made a google search of his full names online, read through his resume, educational background and qualifications, it was really impressive. I left him a note and booked a call session with him..
Yeah for real, John Desmond Heppolette, is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience..
Daniel Priestley is hands down one of the most outstanding speakers I've ever heard. His wisdom, his spur of the moment answers and the way the explains with analogies are incredible! Amazing interview!
Investing in mutual funds offers a structured and diversified approach to building wealth, managed by professional fund managers. While there are costs and some limitations, the benefits of diversification, professional management, and ease of access make mutual funds a popular choice for achieving a variety of financial goals.
ADBE, VWINX and FSPGX are all still good buy, but what do I know I’m not a financial advisor lol
Exactly, I used to doubt the value of a financial advisor until my wife's company assigned her an investment adviser in 2020. Honestly, it’s been the best financial decision I’ve made. It helped tremendously; I went from barely making any profit to having a well-diversified portfolio that has grown significantly, with gains exceeding $850k.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $875k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
Those are remarkable comments guys! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the names of the advisors who have been assisting in navigating these financial challenges?
Cynthia Alexandra Jackson
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
Making touch with financial advisors like Maria Williams who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
She trades for me too. My first investment with Maria Williams gave me profit over $25,700 and ever since then I trade with her and it has been a good turn up
Hello
Do you know how much is ok for a start let me know if I can do this...
Can I start with $5000?
"Go work for a team of 8, learn from them" This is so TRUE because I'm currently lucky enough to be doing this with one of the best shops in the industry.
Being able to watch and learn from a small, well put together crew beats any corporate job any day of the week.
Daniel Priestley is the most insightful person I've ever come across on the internet. Everything he says is actionable. I literally build my email marketing agency business in the biotech and healthcare space thanks to watching his videos. Now I'm on the path of making $20K/month.
Btw. I'm from a third world country so $20K a month is more than the president's monthly salary.
So what exactly is your service and whats your offer? How did u get to 20k/mo bro?
This is awesome. I'm happy for your success!!
I am literally pulling all-nighters reading 48 laws of power , and Jordan Peterson about how to write and speak , and watched this full video in-depth searching and reading about each subject and score app company and taking notes and I wanna read all Daniel Priestley books as well as taking action to become as I was in school and Uni a person of influence. Thank you Ali Abdaal for this great deep dive into life and the real world !
I'm on the lookout for only 2 or 3 driven individuals (ideally based in London) who are serious, committed, and ready to form an accountable mastermind group and take massive action towards the goal of earning $10k a month by October 2024 and $1m a month by December 2026.
I'm looking for individuals who are ready to apply the principles outlined in this podcast and willing to put in the work to make it happen. You don’t need to have a business idea or any business experience. But you have a massive unshakeable desire to take action to change your financial story in a short space of time.
Not that it makes any difference, I trained as a medical doctor and I am female.
Together, we'll hold each other accountable, share valuable insights and resources, and support one another on our respective journeys to financial freedom and abundance. I envision a group of dedicated individuals who are ready to level up, move from consuming knowledge to taking action and make their dreams a reality within the next 6 months.
If you're someone who resonates with this vision, and ready to take your life and income to the next level, I invite you to join me on this exciting journey.
Click on the WhatsApp link below to express your interest and let's embark on this transformative adventure together.
WhatsApp group: chat.whatsapp.com/B5Vvl5QOyRK6XDCUVZ01gM
Once this mastermind is complete with 3-4 members, I will close the invite.
Here's to taking bold action, chasing our dreams, and creating a life of abundance and fulfillment. I can't wait to connect with you all and make magic happen!
Ali/Daniel, I will certainly keep you posted on our progress, so you see the amazing ripple effects of your work in our lives and in humanity!
Best regards,
Kemi
I loved Daniel's response to Ali's concern about marriage and children! It was perfect! I didn't get married or have children until after I was 35 and although I miss my autonomy sometimes, I looove my little family and always remind myself that I had my single fun already and now it's time for family fun and passing on what I know!
Phenomenal interview all around!
Took me two days to finish this interview
Probably the best interview I’ve seen on UA-cam this year. Solid wisdom and knowledge
What you learned from this interview?
@@uaeappliancerepair the simplicity of his business frameworks and how to scale were easy to understand. great teacher and communicator
lol i need summary too
I concur with your comment. It is amazingly informative.
Massive thanks to Ali and Daniel for the incredible podcast! I've been following Ali's channel for a while now and Ali, your content is gold! I have also read Daniel’s book, "Oversubscribed" twice! Certainly, a must-read!
I'm on the lookout for only 2 or 3 driven individuals (ideally based in London) who are serious, committed, and ready to form an accountable mastermind group and take massive action towards the goal of earning $10k a month by October 2024 and $1m a month by December 2026.
I'm looking for individuals who are ready to apply the principles outlined in this podcast and willing to put in the work to make it happen. You don’t need to have a business idea or any business experience. But you have a massive unshakeable desire to take action to change your financial story in a short space of time.
Not that it makes any difference, I trained as a medical doctor and I am female.
Together, we'll hold each other accountable, share valuable insights and resources, and support one another on our respective journeys to financial freedom and abundance. I envision a group of dedicated individuals who are ready to level up, move from consuming knowledge to taking action and make their dreams a reality within the next 6 months.
If you're someone who resonates with this vision, and ready to take your life and income to the next level, I invite you to join me on this exciting journey.
Click on the WhatsApp link below to express your interest and let's embark on this transformative adventure together.
WhatsApp group: chat.whatsapp.com/B5Vvl5QOyRK6XDCUVZ01gM
Once this mastermind is complete with 3-4 members, I will close the invite.
Here's to taking bold action, chasing our dreams, and creating a life of abundance and fulfillment. I can't wait to connect with you all and make magic happen!
Ali/Daniel, I will certainly keep you posted on our progress, so you see the amazing ripple effects of your work in our lives and in humanity!
Best regards,
Kemi
This content is pure GOLD for an entrepreneur, thank you Ali and Daniel.
Agreed that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I'm in dire need for one.
Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.
Guys don't fall for this cheap SCAM
Glad you asked because in 3 year their would be a company listed on Indian share market. Which would be called or branded as origin and worth millions or billions. And CEO would some 22-23 year man. Who will create one the world greatest company. Which would contribute human kind. This company would be responsible for making world first under ocean city near Mumbai and goa. The city would be named as "Dwarka new rise". In occasion of opening the city 23 major country representive and prime minster would be there. It probably would take 15 year after origin became 3 billion dollars company. At that time opening dwarka, the company would worth about 700 billion dollar and world's fastest growing company in the world and would break nvidea record.
Absolutely gold information. Thanks Ali and Daniel for sharing this. We live in such amazing times.
The greater the automated income you can build, the freer you will become. Taking the first step is the hardest, but 5 houses later living off automated income since July 6,
2016. You've got to start taking steps to achieve your goal.
What kind of investment would you advise? And what is the best way to follow it?
All passive income ideas work as long as you put the work in. I focus more on cryptos, NFTs, real estate crowdfunding and IDOs. With the assistance of a financial consultant, I'm doing well for myself.
Most people simply enter the Trading market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjoy the benefits of income management.
That is why I work with Gregory Thomas Patchak, who introduced me to a better Financial community, a verified agency where learned how money works and how to create it, as well as free books, courses, and daily lectures.
You also get to meet new people, which was the best decision I ever made.
Exactly why i enjoy market decisions being guided by a professional, seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience, been using the expertise and guidance of Gregory Thomas Patchak, for over 5years+ and I've netted over $3million in that time frame..
This has been such an eye-opening deep dive; I am curious how I want to scale up my UA-cam channel and has given me food for thought 🙂👍
Great video. I think what most rich people have in common is that they work hard and think hard, and they are ready to take some risks. I used to be very lazy but this year I started to take some initiative in my life and I started doing dropshipping. Now, after seven months I can say that it was the best decision of my life. What helped me the most was founding good products to sell (I am using a little bit of winnerzila as source of my products, and their lifetime deal is amazing imo, especially for beginners). Last month I had 13000$ profits, it was the best month for me so far.
Great to see other Winnerzila members here.
how do you run ads on your products? and what platforms do you use? and to make that much profit how much did you spend on ads?
#ad
@@oFeMzwas this an ad?
I love how Ali Abdal is getting down to the base level and asking basic questions for the rest of the audience?
THIS IS EXACTLY the kind of information we want to hear. THIS WAS MIND BLOWINGLY helpful! Thank you so much for this one.
I really like the doctor analogy for being an entrepreneur!! I had never made the connection that what I do as a financial coach is exactly like visiting a doctor's office: talk to them, assess the problem, and offer the treatment! I'll have to use that as an analogy for my clients. Thanks for this video gentlemen! 😊
Prior to watching this video, I was not following Ali and I didn't know who Daniel Priestley was. I would NEVER watch such a long podcast/video (2.30h!!), not even from someone I already follow. YET, this was the most enlightening, value-adding, thought-provoking and easy-to-follow video I've ever watched. Thank you both, Ali and Daniel. And I thought that the Hormozis, Bartlett and Mel Robbins were the top ones.
I started a company with nothing but an idea.
Lost everything during covid. Pivoted. Built a proof of concept. Made my first sale. 18 months ago we opened our doors. Became the busiest axe venue in the country. Have had 70k customers. 75M views on social media. And already done 1M+ of revenue.
Its a fun story.
Good job man ! Could you maybe advise what are the first steps for someone who is fully committed to starting their own business soon but right now is clueless on what to do ?
@@marcingortat7389which type of business and what’s stopping you from executing ?
I love your transparency. You highlight a lot of the internal limited beliefs we hold and he debunks them, helps us see a better way.
There is so much value in this video - I need to watch it again (and probably again). I have a business - we are at £10k - £100k a month (but much nearer to £20k) - I need to scale and have learnt so much from this. I did speak to a business coach and at the end actually said everything he told me was not a revelation, which he agreed with. It is all in me somewhere - but I get "stuck in my own head". It's not about the money - it's about the fun of creating a business.
Whats your business and how did u scale it up to 20k monthly bro
"Daniel Priestley's masterclass on entrepreneurship is eye-opening! Feeling energized and ready to apply these strategies to elevate my business!"
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.
Creating wealth and financial freedom isn't as tough as many people believe.
Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely...
I couldn't agree more. Taking charge of your life and putting in the hard work is the path to success. Having a portfolio manager like Mr. Samuel Peter Descovich is a game-changer. Their expertise and guidance can truly transform your financial journey. Making $35,000 in profits each month and saving 70% of that is quite impressive!They save you time and provide valuable insights that lead to impressive profits. Keep up the amazing work, and enjoy the fruits of your labor..
I've shuffled through a few experts in the past, but settled with SAMUEL PETER DESCOVICH. The strategy he use is recession-proof, more specifically profit-oriented , and most likely, you'd find his basic info on the net, he's a renowned advisor.
It’s unfortunate most people don’t have such information, I don’t really blame people who panic cos lack of information can be a big hurdle. I’ve been making more than $65k passively investing with Samuel Peter Descovich, and I don’t have to do much work. It doesn’t matter if the market is crashing, I will always make good profit returns.
I have turned over more than half
MILLION working with SAMUEL PETER DESCOVICH on a wide array of options and finally sticking to a few that have been favorable in the past 2 years.
This episode in one hour changed my attitude to business completely. For last month I was development my coaching business for men and I knew I had a product but couldn’t approach it in my head what to do with it. And just few words made my crush white board and reflect on desires and resolutions for my customers. Thank you
How is it going now, 8 months later?
The guy just provided more value in one video than some MBA courses in months...some real 'wow' content here
Right 😮
Never listened this long podcast. Thumbs up to Ali for this whole conversation 👍
Finally, I spent about three weeks listening to this interview, it was impossible to do it while doing any other task since I had to take notes every 2 mins. Eveb when I was walking I had to do it with a notepad, excelent content, right on point, it was like reading a book without the unsufferable overexplaining and redundancy, great job Ali and Daniel
Same here, it took me 1 week listening this video in chunks whilst taking notes.
I'm on the lookout for only 2 or 3 driven individuals (ideally based in London, UK) who are serious, committed, and ready to form an accountable mastermind group and take massive action towards the goal of earning $10k a month by October 2024 and $1m a month by December 2026.
I'm looking for individuals who are ready to apply the principles outlined in this podcast and willing to put in the work to make it happen. You don’t need to have a business idea or any business experience. But you have a massive unshakeable desire to take action to change your financial story in a short space of time.
Not that it makes any difference, I trained as a medical doctor and I am female.
Together, we'll hold each other accountable, share valuable insights and resources, and support one another on our respective journeys to financial freedom and abundance. I envision a group of dedicated individuals who are ready to level up, move from consuming knowledge to taking action and make their dreams a reality within the next 6 months.
If you're someone who resonates with this vision, and ready to take your life and income to the next level, I invite you to join me on this exciting journey.
Click on the WhatsApp link below to express your interest and let's embark on this transformative adventure together.
WhatsApp group: chat.whatsapp.com/B5Vvl5QOyRK6XDCUVZ01gM
Once this mastermind is complete with 3-4 members, I will close the invite.
Here's to taking bold action, chasing our dreams, and creating a life of abundance and fulfillment. I can't wait to connect with you all and make magic happen!
Ali/Daniel, I will certainly keep you posted on our progress, so you see the amazing ripple effects of your work in our lives and in humanity!
Best regards,
Kemi
These kinds of talks are often motivational, common sense masquerading as sage advice. But I finally found a punctual person, happy to share information and above all pleasant. This sounds funny, but now I am a Daniel Priestley fanboy.
Understanding the “J curve” volume businesses VS the “Sales business” concept was one of the biggest realizations/reality checks for me and my business and understanding how and why it takes so much to start and succeed certain types of business. Great Podcast, thank you Ali and Daniel!
Wow, 50 minutes in and this is a wealth of knowledge. I run a 3-4 team business and Daniel is just droppinig knowledge I had to learn the hard way. So excited to hear the rest. Thanks for getting him on again, I'll have to go back and hear the first podcast too.
What are the best strategies to protect my portfolio from a crash? I've heard that the market crash will devastate the financial market, so I'm concerned about my $200k portfolio.
Amidst recession, investors need to understand where and how to allocate funds to hedge against downturns and still make profits. if you can't navigate the market you should consult with an expert advisor
The US-Stock Market had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled markets, but there are avenues lurking around if you know where to look I’ve netted over $450k in the past 10months.
@@ThomasHeintz Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them? My portfolio is in the red waters right now
Laura Marie Ray is my Advis0r. She has since provided entry and exit points on the securities I concentrate on. If you want to check her out, you may do so online. I usually trade in accordance with her strategy.
@@ThomasHeintz Thanks, I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
I swear this man explains everything in a way that is so, so easy to understand. Truly mindblowing!
ali always asks the most relevant and best counter questions
the moment something comes up in my mind he asks that question within the next minute
i love this
This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.
These uncertainties will always be there. Thing is, every once in a while, the market does something so stupid it takes your breath away. If youre not ready for it, you shouldnt be in the market business. or get you a skilled practitioner.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors' and hear-says, it got the best of me in the year 2020 and had me holding worthless positions in the market. I had to revamp my entire portfolio through the aid of Heather my financial advisr, before I started seeing any significant results happens in my portfolio. Been using the same advisor since then and I’ve scaled up almost a million within 2 years. Whether a bullish or down market, both makes for good profit, it all depends on where you’re looking…
Not bad at all. I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market. Could this coach that guides you help?
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
There's absolutely no way in this world anyone can tell me there's a better, more valuable way to have spent 2:28:36 of my day today. If there's is, post it here. Thank you gentlemen for sharing so much value and giving it for free. May it come back to you a hundred fold.
Daniel is the man. Read all of his books. Got even more clarity watching this, pure gold!
I can safely say after watching this, that I just had an awakening, I thought you could only be spiritually awakened, but this guy gives business mindset awakenings too.
I can't be thankful enough, thank you so much for setting me up on the path with so much guidance, this is exactly what I needed to finally start executing my business, much love & appreciation.
Just watched this and your comment absolutely sums it up. To use your words, it’s like a spiritual business awakening - plus it has clear numbers, factors, considerations, etc!
@@heyOmotayo that is absolutly right, I just discovored this guy, and he is absolutely amazing, I can literally listen to him fo hours on end as he has so much wisdom. I'm now watching his podcast in @thefuture channel, about Marketing and a book of his called over-subscribed, you can go and watch it if you haven't already, the Sh*t is mind blowing and again so simple to apply & understand , anyone can basicaly apply it. Best of luck to you my friend, Cheers.
Just the view count alone says so much about how much credibility this man has, he just ratios everyone else in the entrepreneurial space.
The origin story session really hit me. Wow... Thank you for this moment you gave me to reflect and be introspective on what has and still does influence me all these years later.
This content is just awesome, it's a mini MBA in 2hours interview but even better cos it's practical. Kudos to Daniel and Ali
I have been an entrepreneur for last 5 years build 3 companies and still after watching this video, i am leaning so so much. Its like i know nothing. But most importantly my passion for entrepreneurship is returning after watching this video.
Thank you for this awesome content. 🙏
This was absolutely amazing! I've bookmarked it to re-watch and share with others. So much knowledge was given. Thanks.
This man simplifies it so well. How the heck did I waste my time watching other entrepreneur talks.
Incredibly valuable info in this one. I’m 2/3 through and have 4 pages of notes. Thank you both!
Its a pure masterclass from scratch! Thank you ali for having such conversations.
I loved hove Daniel Priestly explained everything with accurate examples and at the same time gave different perspectives to perceive things. I also really enjoyed listening to him because of his way of talking in a fun, lighthearted, gentle way. Im a doctor myself and dont plan to leave the profession soon but would certainly like to explore other sources of incomes. This was encouraging 🌸 thank you Ali for bringing brilliant people to the podcast. I always watch until the end even if it’s not about my field or interests because there’s always something to learn from successful and passionate people.
Legend legend LEGEND Daniel !! More golden learning in this one video than my ~2 years of youtube videos, podcasts and vlogs. Maybe it's just so well structured and direct. Appreciate this so so much Ali and Daniel.
Wish you both continue to grow tremendously and live happy and fulfilled lives!
Ali's interviews are right on the money! There are different interviews of Daniel but this one really strikes to the point and keeps engaged even though its a long interview.
Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market? nothing beats retiring early
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance to make a from a financial-advisorr, you can be passively involved with the aid of a professional
wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio
Michelle Christine Parker is my licensed Financial advisor you can easily search her on the web, Thank me later>!
she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
This was really enlightning. Thanks for all the tips. Loved the use of examples to help understand the concepts.❤
Legit one of the most valuable videos on UA-cam I've seen. As I start my business the insights Daniel has provided will surely save me so much time and money. Thank you for this!
We will love to see a podcast with your team mates like an editor or a designer or a scriptwriter ...
Thank you Daniel, I really enjoy your style! You’re an amazing teacher - so authentic and sincere and open. I feel lucky to have come across you in this video and I plan to follow you and learn a lot more.
Ali, thank you for all that you do x
So weird…I literally have your book ‘Key Person Of Influence’ sitting on my desk in front of me. This video just popped up. 👌🏻✨
I’m not the one to comment usually, but I had to give the thumbs up. What an amazing conversation! Packed with practical and valuable content. Went from here to Amazon to buy every book from Daniel!
Of all the podcasts I watched, from various podcasters, I must say, this is the first that contains credible solutions and a pathway to getting started. Really appreciate the contribution and inspiration
This interview sparked my curiosity 🙌Clarity about businesses and entrepreneurship just really made me more eager to start my own service-based business. I'm looking forward to the stress, learning and earning!
This is the first time I’ve “met” Daniel Priestly, and he is awesome! Really enjoyed this podcast episode and got a lot of really valuable information. Thank you both 😊
Daniel Priestley is brilliant, especially in person. His insights into entrepreneurship and human nature is uncanny.
Why he’s not a bigger name is surprising to me. I guess it’s good for those of us who know of his work.
This is one of the best business video I've found on YT. Great interview, valuable lessons from Daniel Priestley. Thank you.
Entrepreneurship is not a ticket to riches... It is a really good ticket to being stressed all the time! 😂 I had to pausr and compose myself
Thank you both for this incredible informative Podcast. Very Inspiring. 🙏
I am am jung person, trying to establish myself in the entreprenerial world. In the near future I hope to conect with Mr. Priestley and Ali 😀
What a great interview and such a wonderful guest speaker. I've learned a lot from it. Now, I plan to read his books. Thank you for sharing, Ali. He could be a great mentor for many potential entrepreneurs.
It is criminal that this conversation is free. Unbelievable fellas! Thank you. I honestly feel like I stumbled on a gold mine.
Wow, thanks Ali. By far, the BEST interview I've ever seen on UA-cam regarding entrepreneurship. THANK YOU!!!!
so much free value, thank you so much Daniel, will definitely listen to your books on Audible
I've followed Dan Priestly for a while now and he is amazing. However I have to give massive credit to you for the line of questioning which opened Dan and allowed him to answear in a way that released the wealth if information this man carries
are u making 1 million $ per month
@@NostalgiaFmx close but not there
lol sure let's see some evidence @@adams3552
Dear Ali, thank you soooooo very much for making this podcast!!! It blew my mind and opened up like the 10th dimension!!! So much density of quality information for me! My biggest appreciation and vest wishes for your journey! Learning how to create my own business in art and entertainment.
This was a phenomenal breakdown of entrepreneurship 👏🏼. I love Daniel and his mission. Excited to read his books
Wow. My first time listening to Daniel Priestly, (Obvs heard of him), but my gosh he explains things perfectly. I am someone who switches off very quickly (admittedly, watched this in bites of 30 minutes when I got the spare chance), but, if I had more time on my hands I could’ve watched this in 1 sitting (which is a rarity). Anyway, lots of very VERY interesting things to grab hold of for anyone on their entrepreneurial or even Business journeys. Whether you’re thinking about it or you’re a seasoned pro there is something in this for everyone. I will also be using some of the examples, methodologies and anaologies within my own ventures/situations and clients. 10/10. I think Ali even learnt a thing or two here, also… just 1 last thing well done Ali for producing this, it’s very much needed and a valuable resource to anyone that comes across this. I will deffo be hitting the subscribe button now. 🎉
I really enjoy Daniel! He has such a simple but impactful way of explaining things and that's a gift. I am subscribed to his Scoreapp but have to get back into it and actually put it to work. Thanks for another solid deep dive, Ali! I tell all my clients and business owners I advise about you and I am looking forward to reading your book.
Daniel Priestley is over the roof!
Take-aways:
1. Want the problem of barely keeping up, not drumming up.
2. Entrepreneur needs to be focused on growing, and coaching, not in the day to day operations.
3. Post 10,000 you need to sell things in clusters.
4. It's hard to play arbitrage with people v.s. IP
I was really moved by the childhood empowerment stories.Thanks for sharing. I don't have a childhood empowerment story and it makes me feel sad and totally empty inside. Thanks for the way you kindly dealt with the topic of people who don't have a empowerment story.
Worth watching the entire episode. The mindset shift that you can have with such an interview is enormous.
Isn’t he incredible ❤
@@blayneelizabeth2098 absolutely
There is a hell of a lot of value in this podcast. I’ve been feverishly taking notes which almost never happens with UA-cam content.
“Firmware update” indeed. Thank you for this. It’s amazing that this is free.
I found nothing useful in this podcast. can you tell few points which were really definite and to the point useful?
🎯 Key Takeaways for quick navigation:
00:00 🎯 Daniel Priestley discusses his background and how he built multiple companies without having specific skills, emphasizing his role as an "organizing force."
00:28 💡 The episode covers the entrepreneur journey from 0 to 10K, then 10K to 100K, and finally 100K to a million dollars a month.
00:43 🛠️ Frameworks will be discussed to help people at different stages of their business careers, including the four different types of products.
01:11 🌟 As a key person of influence, you should focus on what only you can do, rather than running your business.
02:21 🌍 Discusses the changinglandscape of work and how people are increasingly dissatisfied, making entrepreneurship an appealing option.
03:30 🏗️ Entrepreneurship is likened to building Lego, following specific steps to reach the end goal, demystifying the perceived risk.
04:56 ❗ Distinguishes between trading and entrepreneurship, noting that trading is a zero-sum game, whereas entrepreneurship allows for value addition.
06:31 🎲 Talks about de-risking entrepreneurship by going through a process of discovery to find unmet needs in the market.
07:54 🎓 Critiques the education system for preparing people for a world that no longer exists, making them ill-suited for entrepreneurship.
10:24 💰 Defines entrepreneurship as a pursuit of commercial success, involving risk and organizing resources beyond your control.
12:58 🤔 Challenges the idea of being a 'solopreneur,' emphasizing the limitations of not having a team to scale the business.
15:18 📝 Introduces the 'CHAOS' framework for aspiring entrepreneurs: Concept, Audience, Offer, Sales.
19:19 🧠 Entrepreneurs often seek to recapture early moments of empowerment from their youth.
19:47 💻 Coding and creating websites were cited as a specific empowering moment.
20:44 🦸♂️ Origin stories can be positive or negative but are foundational for entrepreneurs.
21:38 💼 The concept of "business" became empowering during a garage sale experience.
23:03 💲 Successful entrepreneurs aren't solely motivated by money; it runs deeper.
23:47 ⚠️ Entrepreneurship is not for everyone and can be stressful.
24:45 🛠️ Gain experience by working in a small business first.
30:22 🎯 Discusses the difference between a business "vision" and "mission."
31:19 🎓 Students are not an ideal market because they prefer to throw time at problems rather than money.
32:00 💡 Test business ideas quickly and cheaply; an idea can start as a page of notes.
33:51 📈 A good product should offer a clear 10-to-1 return on investment.
37:50 🚫 Food-related businesses can be capital-intensive and hard to scale.
38:43 🛑 Daniel Priestley advises against launching a productivity app without significant capital due to the "J curve" in finances.
39:10 📊 Validate your business idea with low-cost methods, like hosting a Zoom event or setting up a scorecard for potential customers.
40:34 📣 Use various platforms like Instagram and LinkedIn for customer outreach and validation.
40:48 📉 Explains the "J curve" in business, describing how some businesses lose money before they start to make money.
44:05 💼 Differentiates between sales businesses and volume businesses, suggesting the former are better for beginners.
45:31 🚨 Warns against low-ticket, high-volume businesses that require a large team and significant scale to be profitable.
50:13 💰 Focuses on the wealth distribution, advising businesses to target high-income individuals for better ROI.
54:31 🎯 Emphasizes the need for a business model that can generate at least $10,000 per month, ideally through high-ticket sales.
56:37 ❌ Highlights the importance of ruling out business ideas that don't meet stringent criteria for scalability and profitability.
57:19 🤝 Recommends presenting your offer in person to gauge customer reactions better and improve your product.
57:48 📱 Tech entrepreneurs should be hands-on with potential clients to understand their needs and preferences.
58:29 🚫 Online interactions may not provide sufficient customer insights; face-to-face meetings are essential.
58:57 📊 Conduct at least 30 sales meetings to gather statistically significant data on customer reactions.
01:00:08 ⚒️ Refining your product is an iterative process, like a blacksmith sharpening metal.
01:00:33 📝 Take detailed notes after each customer meeting to understand likes, dislikes, and potential areas for improvement.
01:01:28 🤝 Entrepreneurship is about organizing forces; you don't have to be the expert in the service you're selling.
01:03:19 🎯 The entrepreneur's role is to be the organizing force, not necessarily the one doing the work.
01:04:56 🛒 Sales should not be viewed as a "dirty word"; it's a valuable skill involving listening and understanding.
01:09:55 📈 Use the LAPS (Leads, Appointments, Presentations, Sales) model for a systematic approach to sales.
01:15:35 💡 Capitalism is fundamentally about mutually beneficial transactions; both parties should feel they're getting a good deal.
01:16:47 🎯 Focusing on the right target audience is crucial for sales, and worrying about this shows you're a responsible player in the market.
01:17:15 👥 At 10K a month, your team is likely 2-4 people, including roles like sales, customer service, and administration.
01:18:25 🧩 When hiring, look for "Rebels and misfits" who don't fit the usual molds but have good attitudes or unique talents.
01:20:20 💬 Team chemistry, even in remote settings, is vital for communication and motivation.
01:22:58 🌟 To scale from 10K to 100K a month, become a "key person of influence" and expand your reach through multiple channels.
01:24:50 👥 Personal brands drive businesses; examples include Steve Jobs for Apple and Bill Gates for Microsoft.
01:27:09 📚 Publishing content like books can help establish you as an authority and drive business growth.
01:28:20 📦 Diversifying your product range is crucial, including gifts, core offerings, and subscriptions.
01:31:35 💰 When scaling, recurring revenue stacks up quickly, especially when targeting high-paying clients like doctors.
01:35:06 🏢 Businesses can have multiple revenue streams; the key person of influence is the centerpiece that attracts customers to these streams.
01:37:10 🎯 Importance of targeting your audience by going to their specific conferences instead of industry-related events.
01:38:06 🏈 The 'Quarterback' model: The key person of influence throws opportunities to the team, helping the business to thrive.
01:39:00 ☕ Running a business doesn't require a high-profile manager; even young people manage multi-million dollar businesses like Starbucks.
01:40:10 🕒 Once you reach a certain revenue, you should focus on higher-impact tasks and delegate day-to-day operations.
01:41:06 📊 Importance of having a dashboard for monitoring key business metrics.
01:43:12 📚 Your high-value tasks as a key person of influence are content creation, like writing a book or doing a podcast.
01:45:04 📈 Owning multiple businesses can be less stressful than owning just one.
01:49:11 👥 Team dynamics change around the 13th employee, leading to a need for sub-teams and more complex management.
01:51:09 🏜️ "Crossing the desert": The phase where a business is too big to be small but too small to be big, requiring crucial decision-making.
01:56:01 🛠️ Modern assets for productivity are typically digital, such as intellectual property, media, or software.
01:57:09 💼 The assets of a business, such as media, intellectual property, and software, contribute significantly to productivity.
01:58:17 📚 Intellectual property can manifest as methods, recipes, or data, and is crucial for scaling.
01:59:43 🤖 A scalable business model requires fewer people as it grows, focusing instead on leveraging assets like software.
02:01:04 🤝 Partnerships can offer a scalable way to grow, especially when combined with intellectual property and media.
02:03:18 📈 Companies can scale by having teams of teams focused on different functions, products, or markets.
02:06:04 ⚖️ Some businesses scale easily while costs remain low, unlike industries like childcare where costs scale with the business.
02:08:12 💡 A ventures model, involving partnerships and equity, can offer significant upside while still maintaining a lean team.
02:12:36 🤑 In finance, scaling is easier and can involve large sums with comparatively small teams.
02:14:15 📊 Companies often sell for multiples of their profit or revenue, providing a fast route to significant gains.
02:16:51 🎯 Being a key person of influence in a business ecosystem can pave the way for other roles and opportunities.
02:17:18 🚀 Entrepreneurship is not an easy path but the payoff can be huge, potentially earning in one deal what many earn in a lifetime.
02:17:58 😓 The downside of entrepreneurship includes stress and complexity.
02:18:11 🥕 Entrepreneurial life is motivated by "bigger carrots and bigger sticks," meaning both the rewards and the risks are greater.
02:18:53 💡 The speaker is driven by the potential and the camaraderie of his current software business.
02:20:13 💲 Entrepreneurship isn't just about the money; it's about the game and the identity associated with it.
02:21:37 📈 Business success is a scoreboard for validation; it's crushing when someone cancels a subscription.
02:23:15 ⚖ Life is a series of trade-offs, especially when balancing freedom and family commitments.
02:24:38 🏠 Life moves in chapters, and clinging to a past chapter can lead to unhappiness.
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I was a little suspicious of the hand-typed authenticity of this post. Then I expanded it, and sure enough, at the bottom, AI claims authorship 😂
@ 35:00
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I need to listen to this on repeat at least 3 times. ❤
The best Entrepreneurship Masterclass I've whatched till today!
Waking up feeling exhausted due to a lack of achievements while working on some ideas for at least a year, I just watched half of this video, and the positive mindset cheered me up. Thanks so much Ali & Daniel🙏
Great Podcast. So much wisdom. How I wish I could meet Daniel in person. So much wisdom. For now, let me read the books.
Thank you
Yes, he’s back! 🎉 Since being introduced to him through your last interview I bought and read all of his books. You both bring so much incredible value. 💛 Ali, I snapped up your book the first day it was offered too!
This is really worth the time and focus every minute.
make sure to watch it over and over again and absorb all the meaning
in every sentences.
The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation
In my taxable account I went into dividend investing route. In my Roth I did the buy and hold route with an S&P 500 etf and total market etf along with some Berkshire B stock and SCHD.
My portfolio is made up of dividend etf’s, dividend stocks, growth stocks, it allows a bit more freedom in specific areas
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
@GregHilton-bn7mc I greatly appreciate that this tip arrived at the appropriate time. I typed her entire name into my browser out of curiosity and discovered her website at the top of the results, no BS-her over 20 years of expertise is impressive!
I greatly appreciate that this tip arrived at the appropriate time. I typed her entire name into my browser out of curiosity and discovered her website at the top of the results, no BS-her over 20 years of expertise is impressive!
Lot's of love from India 🇮🇳
This is an amazing interview and conversation! Thank you guys, I will definitely be listening to this one again!
I don’t believe I watched the first episode from about a year ago, but I will certainly go back and find it.
Thank you so much once again!
The garage sale story is amazing!!! I’m waiting for those moments to do with my son.