Travis Makes Money 725: Michael Stein | Choosing Your Lane and Knowing Your Worth
We talk a lot about adding value to others, but Michael Stein learned that, in the process, you need to remember to leverage value for yourself.
Michael is an entrepreneur, actor, writer, director, producer, and stand-up comedian who has acted and worked with multiple Academy Award-winning actors, filmmakers, producers, and fortune 500 leaders. He is the Host of the Long Shot Leaders Podcast, which tells the story of underdogs who have found success. Today, we’re going to dive into his story, how he broke into the industry, how he lost it all, and how he got it all back and helps others do the same.
Tune in to the episode for inspiration around niching down by choosing your lane, and the opportunities that can come when you know your worth.
Things you will learn in this episode:
[00:01 - 07:29] Opening Segment
- I introduce today’s guest, Michael Stein
- Michael gives a bit of his background
- Son to an entrepreneur
- Business-minded upbringing
- Growing up around celebrities
- Michael’s first venture into business
- Going from stand-up to show business
- Losing everything and shifting gears to get it back
[07:30 - 17:12] Pick a Problem and Choose Your Lane
- Michael talks about his journey into personal development
- Some mistakes take repetition to understand
- How Michael got back up after hitting rock bottom
- Compared to his dad’s experience
- Maintaining business momentum by niching down
- The advantages of early adoption
- Keep yourself open to the next channel
- Get into the game with a game solver
- Figuring out what lane to pick
- Build out a website and raise money
- Start making one sale at a time
[17:13 - 24:55] Michael Stein on Building Your Network
- Michael talks about how networking in retrospect
- Feeling like your giving something to people
- The importance of self-worth
- How insecurity kept Michael from asking for things
- Let go of grudges
- Who you know or what you know?
- The what get’s you in the door to the who
- How the “who” led to Michael finding his worth through personal development
- Probability will show itself - just make the right decisions
[24:56 - 35:46] Closing Segment
- “Prime the pump”
- Knowing when to pivot from something that doesn’t work
- Have your goals and limits set in advance
- Weigh out the pros and cons
- ThE RaNDoM RoUnD
- How to connect with Michael
- Links below
- Final words
Tweetable Quotes:
“I got to see all kinds of industries once I put myself out there… Meeting as many people as I could, that really just blew things open for me to start my film career.” - Michael Stein
“If you want to start something, the internet is not new, but branding something - you can be in your own lane.” - Michael Stein
“Everyone has a chance for this shit. It’s just time, plus effort, plus choices, and consistency. Probability will show itself.” - Michael Stein
Resources Mentioned:
Want to connect with Michael? You can find him on Instagram, Twitter, and Facebook. Check out https://longshotleaders.com/ - ordinary people, finding extraordinary success.
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