Jesse Itzler Shares His Formula to Retire Wealthy 💰 E40
Oct 23, 2023
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Jesse Itzler, a multifaceted entrepreneur, shares his formula for retiring wealthy. He discusses his unconventional journey, perspectives on money, risk, and family. Topics include owning an RV motorhome, negative impact of cereal for children and major cereal companies, investing in oneself for personal and financial growth, deciding to sell a business, and the importance of research and discussions.
Investing in oneself is crucial for personal and professional growth, being passionate about what you do and continuously learning and gaining experience.
Engaging in charitable activities and giving back to the community brings a sense of fulfillment and helps create a compassionate and connected society.
Deep dives
Investing in Yourself and Building Wealth
Investing in oneself is crucial for personal and professional growth. By continuously learning and gaining experience, individuals become more valuable and have more to offer. It is important to be passionate about what you do and get really good at it before monetizing it. Additionally, investing in one's own health is equally important, as being healthy allows for better performance and enjoyment of life. When it comes to building wealth, it is essential to have a long-term mindset and to make smart investments, whether in real estate, stocks, or other opportunities. By allowing one's money to work for them, individuals can create additional streams of income and financial stability.
The Importance of Giving Back
Engaging in charitable activities and giving back to the community is a meaningful way to make a positive impact and feel a sense of purpose. While financial contributions are valuable, donating time, energy, and resources to charitable causes can also be impactful. It is not just about the money, but also about making a genuine difference in the lives of others. Acts of kindness and generosity can have a ripple effect, inspiring others to do the same. Giving back can bring a sense of fulfillment and help create a more compassionate and connected society.
Decisions to Sell a Business
The decision to sell a business depends on various factors, including personal circumstances, passion for the venture, competition, risk, and the potential for further growth. It is advisable to consult knowledgeable individuals who can provide guidance in making an informed decision. Timing is crucial, and sometimes selling early rather than later can be beneficial. Assessing one's level of passion, enthusiasm, and the future outlook for the business are important considerations before making a decision. Ultimately, it is about finding the right balance between personal goals, financial security, and the desire for new ventures or opportunities.
Having Open Conversations About Money
Discussing money openly is essential to financial literacy and success. Breaking the social taboo around money conversations allows individuals to learn about important topics such as salaries, savings, investments, taxes, and debt management. Open discussions with friends, family, and peers can lead to valuable insights and understanding. By sharing knowledge and experiences, people can make better financial decisions, negotiate salaries effectively, and navigate the complex world of personal finance. Having open conversations about money empowers individuals to take control of their financial well-being and plan for a more secure future.
In this special episode of Money Mondays, we dive deep into the secrets of wealth-building with entrepreneur extraordinaire, Jesse Itzler. Join us as Jesse shares his proven formula for making more money in your 40s and 50s. Discover his unconventional journey and unique perspective on money, risk, and family...
Jesse Itzler, a multifaceted entrepreneur, author, and motivational powerhouse, defies convention at every turn. Known for his limitless pursuit of life experiences, he co-founded Marquis Jet, a private jet card company, and has played a pivotal role in numerous successful startups, including Zico Coconut Water.
Jesse's relentless drive extends to endurance challenges. He once famously invited a Navy SEAL to live with him for a month, chronicling the experience in his best-selling book, "Living with a SEAL." An accomplished author, Jesse has penned several books, offering insights on leadership, success, and personal growth.
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The Money Mondays is a business podcast here to teach you how to make money, invest money, and donate money by showcasing some of the world's most successful people and how they do the same. Hosted by serial entrepreneur Dan Fleyshman, the youngest founder of a publicly traded company in history, this money podcast gives you an exclusive behind the scenes look at how the wealthiest celebrities, entrepreneurs, athletes and influencers make, invest and donate money.
If you want to learn more business and investing while you work to improve your financial life, you're in the right place!
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