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ENCORE: 7 Lessons I Learned From Two 7-Figure Entrepreneurs
22nd August 2024 • Selling the Couch • Melvin Varghese, PhD
00:00:00 00:27:44

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As I’ve learned and grown as an entrepreneur, I have tried to study and learn from those who are further along on the journey. I’ve come to understand that I can learn as much from their hard lessons and challenges as I can from their successes. Today’s session is based on a podcast interview I listened to a couple of months ago. It featured Ali Abdaal and Sahil Bloom, two online creators who have built 7-figure businesses and audiences of over 6 million followers. In their insightful interview done in two parts, they talked a lot about life and business; I’m sharing seven lessons I picked up from them that I’m implementing in my business and personal life. 

 You’ll Learn: 

  • 7 Lessons I Learned from Ali and Sahil:
  • Change the wealth scoreboard.
  • Don’t define self-worth based on net worth. 
  • A new definition of success bases “wealth” on health, relationships, and the time I have for the things I enjoy.
  • Set daily non-negotiables.
  • Live with intention by identifying 3-5 things that must happen each day for me to be at my best.
  • Friends over followers
  • The quality of my relationships greatly impacts my health. 
  • Schedule time to connect with genuine friends.
  • More growth equals more haters.
  • Sharing my message attracts people with a lot of pain, so I should default to empathy.
  • Don’t be a slave to social media. 
  • Be careful about posting pictures of kids and sharing revenue numbers. 
  • This is difficult to navigate while still establishing credibility and the human connection that people crave. 
  • Build micro-businesses.
  • These can generate cash flow with minimal involvement.
  • An example: having an in-house agency along with doing a podcast.
  • Connection over mass content
  • With AI, content is easier than ever to create, but connection and authenticity help others know, like, and trust me. 

Resources:

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Today's podcast is supported by the American Psychological Association's Psych Careers. If you are a psychology professional looking to advance your career or thinking about a pivot, definitely encourage you to check out Psych Careers, which is the career center from the American Psychological Association Services, Inc. There are over 400 positions available. It's the perfect time to create a free account, upload your resume, and set up job alerts. sellingthecouch.com/APA

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