Why Top 1% of Earners DON'T Stay in their Hometowns (feat. Rob Abasolo and Nathan Barry)
Apr 30, 2024
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Travel vlogger Rob Abasolo and ConvertKit founder Nathan Barry discuss leaving hometowns for success, risk-taking, networking, and the impact of environment on growth. They share personal stories of courage, resilience, and the importance of surrounding oneself with ambitious individuals. The podcast explores how stepping out of comfort zones and exposing oneself to diverse communities can lead to personal and professional development.
Economic interconnectedness with wealthy individuals impacts income growth.
Exposure to diverse environments cultivates humility and gratitude for wealth disparities.
Structured networking strategies optimize meaningful connections for career advancement.
Deep dives
Contrasting experiences of staying in hometown versus leaving for success
Staying in one's hometown versus leaving to succeed is debated, emphasizing the impact of environment on growth. Research highlights that economic interconnectedness plays a pivotal role in income growth, illustrating the importance of being around wealthy individuals for financial success. Studies show how geographic location significantly affects earnings potential, emphasizing the need to break free from limiting environments.
The significance of diverse experiences for personal growth
Diverse experiences, including travel and exposure to disparity, are crucial for developing humility and perspective. The importance of exposing children to contrasting environments, like rural areas in Mexico or Thailand, to cultivate gratitude and understanding of global wealth disparities is emphasized, highlighting the value of broadening horizons for personal development.
Maximizing networking opportunities through strategic engagement
Efficient networking strategies, such as focused one-on-one meetings, hosted dinners, masterminds, live podcast recordings, and creator meetups, are essential for meaningful connections and leveraging communal resources. A structured approach to engagement helps optimize interactions and create a powerful network environment, balancing intentional connections with productive work routines.
Striving for balance between local roots and global aspirations
Balancing local roots with global aspirations involves incorporating contrasting experiences, intentional networking efforts, and structured engagement to foster personal growth and professional success. By blending hometown stability with global exposure, individuals can cultivate humility, expand perspectives, and build a robust network to support their journey towards achieving meaningful goals.
Networking and Career Progression Strategies
One key insight from the podcast episode is the importance of networking and leveraging personal connections to advance in one's career. The speaker discusses tracking locations and utilizing apps to identify opportunities for face-to-face interactions, emphasizing the value of building relationships through direct meetings. Additionally, the concept of moving through different 'ladders of wealth creation' is highlighted, stressing the significance of learning essential skills progressively rather than trying to master everything at once to achieve financial success.
Choosing Locations and Business Strategies
The podcast delves into the significance of selecting business models and locations strategically. It explores the idea of starting in populous cities for increased opportunities and then transitioning to more remote areas once established. The discussion touches on the importance of cultivating deep, intentional friendships rather than relying on chance connections from one's hometown. This shift towards intentional relationships is viewed as crucial for personal growth and long-term success, encouraging individuals to prioritize building their networks wisely for future endeavors.
Do you actually have to leave your hometown to make it big? Codie dives into the science behind success and financial freedom, exploring the role of economic interconnectedness, environment, and mentorship, uncovering key factors influencing achievement, from the impact of hometowns to the benefits of networking and exposure to diverse communities. Rob Abasolo of the YouTube channel Robuilt explains why he flew the nest to find success, while Nathan Barry of ConvertKit explains how staying put led him to scale ConvertKit to where it is today.
TIMESTAMPS:
0:00 Intro
00:06:27 Scott Galloway said you shouldn't spend time in your apartment if you're young.
00:10:59 Deal of the Week: Culdesac Tempe.
00:15:52 A dating show for retirement communities?
00:18:06 Steal my Rich Friends: Rob Abosolo of Robuilt.
00:20:37 Getting the courage to leave home.
00:22:29 How NOT getting a dream job opened more doors.
00:24:16 Risk-compounding.
00:39:51 Steal my Rich Friend: Nathan Barry of ConvertKit.
00:54:46 Trading time for money.
01:09:23 CEO Storytime: Codie's biggest regret.
01:12:14 Happiness in relation to how close we live to others.