The Money Mondays
Why Your HOBBY Could Be the Secret to Making a Fortune w/ Josh Luber & Noah Neiman đź’µ E97
Nov 25, 2024
Join Josh Luber, co-founder of StockX and now running GhostRate, alongside Noah Neiman, co-founder of the boxing-inspired fitness brand Rumble. They dive into how their passions turned into thriving businesses, sharing invaluable insights on the entrepreneurial mindset and embracing technology’s role in creating new income streams. They also discuss the importance of open conversations about money and mental health, and strategies for personal trainers to build credibility and increase their income. This is a masterclass in transforming hobbies into lucrative ventures!
01:10:39
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Quick takeaways
- Turning a hobby into a business, as exemplified by StockX and Rumble, can lead to substantial financial success and innovation.
- Understanding personal finances and maintaining stable income is vital for entrepreneurs to balance business growth and financial stability.
Deep dives
The Evolution of Entrepreneurship
The journey of becoming an entrepreneur often begins with a series of trials and errors, leading to significant business achievements. The launch of StockX, a sneaker resale marketplace, exemplifies this path, demonstrating how a small startup can evolve into a billion-dollar company. Initially founded on a passion for sneakers, the company, which saw explosive growth, transitioned from a handful of employees to over 1,400 in just a few years. This rapid expansion highlights the importance of learning from previous experiences and effectively leveraging those insights in new ventures.
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