Millionaire Mindcast

In this episode of the Millionaire Mindcast, we have an extraordinary guest, Peter Taunton, who shares his knowledge and insights about building a real wealth, how to turn a failing business into an empire, how he built his first 3 clubs and expand it into 6,000 locations, why it’s essential to understand your numbers as a business owner, how to make your employees loyal, and what’s the good thing about bootstrapping a business! Peter Taunton is a serial-entrepreneur, a pioneer in the fitness industry, an expert in building a franchise system, international franchising, bootstrapping a startup, expansion, and roll-out strategies both domestic and international, the CEO of Lift Brands, and the founder of Snap Fitness, an affordable, 24-7, results-driven gym. In recent years, he has acquired and founded several brands to round out the consumer-fitness experience: 9Round, Farrell’s, YogaFit, STEELE Fitness, Fitness on Demand. Together with the Snap Fitness brand, they comprise the world’s largest wellness franchise organization, serving 165 million workouts and counting. Prior to founding Snap Fitness, Peter owned nine America’s Fitness Centers and has been well-recognized by the business community. In 2010, he was named an Ernst and Young “Entrepreneur of the Year.” His companies have also been featured for six years running in such prestigious industry lists as Entrepreneur 500, Inc 5000, Top Global, and Franchise 500.  Peter was born and raised in a middle-class family. He has been engaging in business since he was 8 years old working with his dad, selling popcorn in front of a grocery store. This young entrepreneur also loves sports. He was one of the better racquetball players in their town. The discipline and dedication he learned from this sport would later fuel his success in business.  He was in his early 20’s when the huge break came. With no experience, Peter never thinks twice and grabbed the opportunity to turn on and manage a failing club. With his commitment and sacrifices, he turns it into an empire. Later, Peter has built his own three (3) clubs, the Snap Fitness that now has 6, 000 locations across 20 different countries. What so special with his way of managing?  Simply, quitting was not an option for him. He loves wins but embraces loses and lives with it. Peter believes that failing is part of growing. Likewise, Peter gives importance on investing not just the machine but also the human capital. He made sure that the company grows as well as his employees. Peter shares with those big moments in their life. Co-signed for homes for his employees, and helped them buy their first new car. Also, Peter allows them to buy shares in the company. Currently, his employees have stock options in his companies that he owned because when he wins, he wants everyone to win. Additionally, the essentials of knowing his numbers as a business owner and being very aware of what wants and needs. For Peter, it is surreal to experience the life he dreamed of. But with his amazing leadership, he impacts people’s lives, businesses, economy, and the health and fitness industry. Some Questions I Ask: Where did these all start? (00:45) Where did you get that first big break when you were starting your company?  (02:53) How do you build that mindset? (03:56) Where did that confidence come from? (09:52) Do you love to win more or hate to lose more? (11:50) As you were starting to thrive as a young entrepreneur in business, where did the vision start to expand to be where you are at that moment?  (13:36) How important is it in the very beginning to sharpen the ax on financial literacy and understanding your economic model to scale and to build real wealth? (17:40) Any of that stuck out more than others to you that you think it might be worthwhile to spotlighting for entrepreneurs moving forward? (20:59) What do you say to that young entrepreneur that is chasing those sexy lifestyles, building real wealth, financial freedom, and living like a millionaire in all areas of life?? (25:34) When did you start kind of up in the lifestyle a little bit? (29:12) How did it feel when you get the deal for $47 million on that very first big payday? (33:58) In This Episode, You Will Learn: Why should fight for the fear of failure (04:02) How Peter completely change the culture and dynamic of a failing business and turning it an empire (06:02) Importance of investing not just machines but also human capital (09:00) The story when Peter built his first club (15:17) The essential of knowing/understanding your numbers as a business owner (19:01) How to create unbelievable loyalty with your employees (24:07) The good thing about bootstrap and managing a company without access to unlimited capital (26:36) How Peter started Snap Fitness and bootstrapped his company (29:41)  Quotes: “Hard work works.” “Being mentally prepared to fight in order to win is paramount in the endgame.” “Fear is a dream killer.” “It’s during times of adversities that all the growth takes place.” “It’s not what you bring in the front door, it’s what you take out at the back door.” “If you owned a business, it’s on you.” “Knowing the numbers is key.” “Don’t mistake kindness for weakness.” “You have to plan for the worst and hope for the best.”  “Watch your debt levels because debt will kill you.”  “I’m diversified to protect my downside.” “The other side of winning, don’t lose yourself in the process.” “Money doesn’t make a man.”   Connect with Peter Taunton on: Website Instagram Facebook Twitter

In this episode of Millionaire Mindcast, Matty A. breaks it down!. The 4 types of people that will either make you Rich or make you Poor. Who you surround yourself with Matters. Why? Tune-in to find out in todays great episode!. Enjoy! Connect with Matty A. and Text me to 844.447.1555  Show Brought To You By: TheRichLifeAcademy.com Episode Sponsored By: TheRichLifeStore.com Questions? Comments? Do you have a success story you would like to share on the show? Send us an email to Questions@MillionaireMindcast.com

In this episode of Millionaire Mindcast, Matty A. breaks down this weeks Wealth Building Wednesday. Gold prices continue to rise, Federal Reserve is doing everything it can to push for inflation and TRUMP did something no one saw coming. What did he do? Tune in to find out on todays show!. Enjoy! Enter giveaway @ Go.MillionaireMindcast.com Text us at @ 844.447.1555 Episode Sponsored By: TheRichLifeStore.com Questions? Comments? Do you have a success story you would like to share on the show? Send us an email to Questions@MillionaireMindcast.com

In this episode of the Millionaire Mindcast, we have an amazing woman, Tamar Hermes who talks about her entrepreneurial journey and struggles, and shares insights on how to turn that struggles into an opportunity, how to fight impostor syndrome, why you should trust your gut, how to find the right mentor for you, and how to build generational wealth! Tamar Hermes is a real estate investor and coach at Wealth Warrior Woman, a platform that guides women to become successful investors with coaching and programs. This also offers a three-month course called The Real Deal Formula that will take you through every process and option of Real Estate investing and support you to pursue investments with confidence. It guides and assists you through a financial assessment and the entire process of a Real Estate deal that suits your objectives. Tamar’s father was a holocaust survivor; her mom was pioneering Israelite fighting for the land to become Israel. She was a broke kid. Her family was always struggling and so stressed about not having enough money. Thus, create negative emotions, and beliefs that lower her self-esteem & confidence. Until in her late 40s, Tamar was still fighting from the belief that she doesn’t deserve anything worthy. But Tamar continually just keeps working and does a lot of inner work to really let go of the story. Furthermore, she kept fighting & pushing and was even working as a waitress. However, she has vision and goals and she didn’t limit herself to grow and explore things. She works hard to get the things she thought she deserves to have. to buy her first car and property at the age of 28. After years of pain, she gradually grew successful businesses and started in Real Estate, where she discovered the key to creating financial freedom. She was from a broke kid to a millionaire investor. Tamar had a “do it myself mentality”, but once she decided to trust and have the right mentors, it really helped her journey to success. On the other side, in real estate, you must know your deals, have a plan and do not aim to get rich in a week. Instead, make small consistent choices that lie your goals and vision as these will make huge results and success. She emphasized that there are lots of investment opportunities out there in this crisis. Hence, start controlling your money. Make it work for you. Don’t be so attached to it so that you’re in control of it. Don’t be afraid to lose some, because it’s not the end of the world. Take that risk if you want to build wealth. Never forget to get some education, read books, and get some mentor or coach. Presently, Tamar is working and serving according to her purpose, to enrich the lives of others using her wealth. She wanted to see other women rising up and doing what they want to do. As for Tamar, contributing money to others is not money at all but her heart and soul! Some Questions I Ask: How has your last few months been just personally? (00:31) Where did these all start for you? (03:21) When did you kind of have that first big win in your career? (08:55) Why did you choose real estate and what was kind of your wealth-building mentality at that stage of life? (10:26) Why can this “Get rich quick or get results quick mentality” can often be very dangerous? What do you say to that person that may be coming into this wealth-building journey that could impact them to give a better perspective in how they navigate that journey? (13:01) How critical were the mentors in your journey? (15:18) How to find the right mentor for you to not misguide you? (16:45) What do you say to that person that’s very indecisive? (22:08) Why do you think there is such an inequality gap with wealth and income and there aren’t more millionaires out there? (24:05) What are some of the things that you can recommend from the kind of a root foundational level on discipline, and on habits around building wealth, creating consistency, and compounding efforts in your life? (27:21) Why only are there out in the world a third or less than that successful real estate investors or professionals out there, in your opinion? (31:27) What would you say to that person who wants to build some wealth in real estate over the next 10-20 years? (32:54) What is your definition of wealth and why you’re still doing what you’re doing? (37:20) With all of your money and everything that you’re creating and unlocking not only for your family, ideally what do you hope looking back in the rearview mirror of your life your money does for others? (42:11) In This Episode, You Will Learn: Growth mindset versus Fixed mindset (06:27) Why trust your instinct especially in business (19:51) Why never feel guilty about being money-motivated (37:58) Quotes: “Don’t ever do the fake until you make it.” “Wealth is made in the crackpot, not in the microwave.” “Real estate works if you look at the variables.” “If you don’t understand it, don’t do it.” “Don’t listen to your gut, obey your gut.” “You know more than you think you know, and you’re capable of more than you think you are.” “Make it so that you’re the in-charge of your money, not money being in-charge of you.” “Money is energy.” “Money is the river that waters growth.” Resources Mentioned: Mindset book by Carol S. Dweck Fierce Conversations book by Susan Scott Mona Foundation

In this episode of Millionaire Mindcast, Matty A. shares some of his Success secrets. He shares the importance of being a loving person, but making sure at all time his Standards are ruthless? What does that even mean? Tune-in to find out!. Take notes, Enjoy todays Food For Thought Friday episode!.  Connect with Matty A. and Text me to 844.447.1555  Show Brought To You By: TheRichLifeAcademy.com Episode Sponsored By: TheRichLifeStore.com Questions? Comments? Do you have a success story you would like to share on the show? Send us an email to Questions@MillionaireMindcast.com  

In this episode of millionaire mindcast, the dynamic duo is back, this week Matty A, and Ryan Breedwell bring you the latest in the 2nd Stimulus plan, the latest in Microsoft's plan to purchase TikTok and they answer Listeners of the shows most asked questions!. Tune in to find out more!. Enjoy! Enter giveaway @ Go.MillionaireMindcast.com Text us at @ 844.447.1555 Episode Sponsored By: TheRichLifeStore.com Questions? Comments? Do you have a success story you would like to share on the show? Send us an email to Questions@MillionaireMindcast.com  

In this episode of the Millionaire Mindcast, Dan Fleyshman shares his secret sauce to success, and tips on how to be on top of your competitors, how to create a massive brand online, and how to balance your business portfolio! Dan Fleyshman is the youngest founder of a publicly traded company in history at 23, an Angel Investor in 36 companies, speaker at over 250 events, virtual mentor, and co-founded the “100 Million Mastermind Experience”. He launched 1 of the top 5 online poker sites globally, has thrown 37 “Elevator Night” events, and he has spent over $60 million dollars with social media influencers for fashion brands, film studios, mobile apps & consumer products. The Model Citizen Fund charity is his passion which creates backpacks for the homeless filled with 150 emergency supply items inside.  Dan had a background in business at a very young age. He sold candies in high school and started trademarking when he was 17. At 19, he closed a $9.5 million dollars licensing deal with STARTER apparel and launched the “Who’s Your Daddy” energy drink. Later, went on to launch Victory Poker, which became 1 of the top 5 online poker brands internationally. Despite Dan’s success in business and career and having a world-class hall of fame network, he remains an introvert. How did he do it? Dan interacts with people from all walks of life-based on the things that are relevant to them & provide them the experiences for them to remember him by it.  This creates a feeling which creates a connection. Also, Dan only invests in companies that he could help with to consistently add value to people.  Some Questions I Ask: Where did all start for you as an entrepreneur? (00:55) How did you get to a place where you decided to go public about this thing? (04:58) What would you say is the skill that you think is the core DNA principle of Dan Fleyshman? (09:42) When does somebody go to keep earning the right to “take my eye off of my one thing”? (16:41) What are some of the things that you looked for in your investment opportunities to attract bigger opportunities to scale and get to some of those different levels?   (18:46) What have been some of your favorite investments that you’ve done? (22:55) What is kind of your make up & allocation between businesses, real estate, and stocks? What do you think is kind of a healthy balance in the portfolio? (26:01) How did you create your own network physically being an introvert as well as on digital being the smartest, most successful, most humble, & generous entrepreneur and business owner out there? (32:43) What are your formula and your method to your madness to strengthen those relationships? (36:17) Is that really you always the one commenting on everything? (41:16) What are some of the things that you see really good influencers leveraging the right platforms for their business, brand, and opportunity, and what do you see as some of their common mistakes? (41:30) How to not be overwhelm being on different social media platforms (44:22) What are you most excited about right now that a lot of people you find are getting a lot of value & just as excited as you are? (46:00) In This Episode, You Will Learn: The biggest & hardest part of beverage companies & most product companies (07:15) What makes Dan standout among competitors (10:28) The possible things that will happen if you do business (12:46) Tips before talking to investors  (19:21) People need experience (38:52) Quotes: “The main thing you can sharpen in your skill is researching the industry you want to go into.” “Failures are going to happen.” “If you don’t adapt, you’re going to die.” “You will stand out just by doing the basics.”  “People cared.” “Taking the actions will help huge.” “You want engagement, you gotta engage.”  Connect with Dan Fleyshman on: Website Twitter LinkedIn Instagram Facebook

REPLAY EPISODE: In this episode of Millionaire Mindcast, Matty A. dives deep into the TRUTHS! FACTS! that one must accept in order to unlock the next level of LIFE and Business one wishes to achieve. Success has a formula, habits an discipline. Tune in to find out!. Enjoy! Connect with me and Text me to 844.447.1555  Show Brought To You By: TheRichLifeAcademy.com Episode Sponsored By: TheRichLifeStore.com Questions? Comments? Do you have a success story you would like to share on the show? Send us an email to Questions@MillionaireMindcast.com

In this episode of Millionaire Mindcast, the dynamic duo is back with this week update on the Nation & Global economy. Biden declares war on real estate?, Second round of Stimulus checks on the horizon? and predictions on GOLD are being seeing left and right. This and more, so Tune in, take notes and Enjoy!. Enter giveaway @ Go.MillionaireMindcast.com Text us at @ 844.447.1555 Episode Sponsored By: TheRichLifeStore.com Questions? Comments? Do you have a success story you would like to share on the show? Send us an email to Questions@MillionaireMindcast.com

In this episode of the Millionaire Mindcast, we have an exciting guest, Steve Pacinelli who gives insights, value, and tips on how to leverage videos, how to build connections and close that virtual gap, how to overcome fears of recording one, what are dos and don’ts of creating a video, and what are the frameworks to start with it!  BombBomb was started in 2006 before the tech phones existed and started to hit in 2011.As the world is moving more and more digital online, BomBomb’s advocacy is to help people and entrepreneurs build trust and connection in a personal way with people you don’t even know especially in business. Subsequently, customers will always go for the known versus the unknown. Steve believed that YOU are your best asset. People are buying you. It’s not the tool that you’re using and not the business gadget, but to connect with one’s capacity. Currently, BombBomb specialize the type of videos that are designed to be seen by a single person, a video for communication and replacement of type-out-text to add clarity to your communication, to add emotion, and to add tone. Some Questions I Ask: With Bambam, how do you explain your guys' company and what you guys do? (00:14) Take us back to where the BombBomb started & where do you see BombBomb today? (00:48) How important is a video from a broad business landscape in today’s years? (04:08) Is video acceptable in all industries or are there any that maybe can get by without it? (05:30) What are all you guys probably seeing everything under the sun when it comes to leveraging video to get optimal results? (07:32) What do you say to people who say negative things about creating a video or declining to adopt it? (13:01) How can they go about making their first or their couple batch recorded videos? What does that framework look like for them? (16:49) What are some of the Do’s and Don’ts that maybe people you see making those mistakes can easily avoid if they just have a little bit more expertise? (22:53) What do they really need in order to start doing the video today? (27:08) Talk to me a little bit more about the importance and proper ways of using video for enhancing team culture and rapport, and efficiency as a group internally. (28:42) I’m curious about some of your great success stories within BombBomb that you guys have seen as an outcome of somebody leveraging and incorporating video into their business strategy? (31:20) What are you guys paying attention to right now for trends that you think may be on the horizon that you’re paying attention to? (33:32)  In This Episode, You Will Learn: Marketing through video versus Relationships through video (02:13) One of the best videos that you can send to your customers (08:17) How to build relationships through Cold Outbound (08:44) Tips when to incorporate video (10:26) Advices on how to overcome your fear to record a video (14:15) How to decide if it’s the right time for a video (17:35) Tips to deliver most bad news (17:50) The framework of Empathy, Value, Call-To-Action (20:15) How to leverage video in the right way (31:00)  Quotes: “Customers will always go for the known versus the unknown.” ‘It’s hard to say NO to a big old smiling face and a personal message about that person.” “You are your best asset.” “The people that rule the world are the people that can communicate clearly.” “Be a value and abundance will follow.” “It is really not about the video, it’s also about connection, it’s also about your messaging, and it’s about sales.” “Video is just a mechanism to get you to face to face.” Connect with Steve Pacinelli on:  Website Rehumanize Your Business book by Ethan Beute, Stephen Pacinelli The Customer Experience Podcast BombBomb Webinar