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The Rich Somers Report

Latest episodes

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Feb 22, 2025 • 40min

A Man's Purpose is to Become the Best Version of Himself & Give it to the World | Wes Watson E311

What does it mean to truly maximize your potential? Rich sits down with Wes Watson to break down the mindset, discipline, and personal development strategies that separate those who stay stuck from those who build a life of purpose, power, and wealth.Rich and Wes discuss:Why a man’s greatest mission is to become the best version of himself and share it with the world.How self-discipline, fitness, and high-frequency habits shape success.The connection between confidence, self-worth, and business growth.How upgrading your environment—cars, homes, relationships—forces you to level up in every area.The power of storytelling and authenticity in building a personal brand that attracts the right audience.Wes shares his raw, no-BS approach to building discipline, mastering mindset, and unlocking the next level of life and business. Whether you’re an entrepreneur, investor, or just someone looking to break past your limits, this episode delivers hard-hitting insights that will challenge you to rise to your potential.For limited investment opportunities with Somers Capital: www.somerscapital.com/invest. Ready to take your investing to the next level? Join our Boutique Hotel Mastermind Community. Join a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.
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Feb 19, 2025 • 1h 4min

The Key Trait Shared By All Successful Business Owners | Mike Sherbakov E310

What separates highly successful entrepreneurs from those who never break through? In this episode of The Rich Somers Report, Rich sits down with venture capitalist Mike Sherbakov, general partner of The Veteran Fund, to break down the key trait he’s seen in the most successful business owners after working with over 10,000 entrepreneurs.Rich and Mike discuss:Why resilience, adaptability, and leadership are non-negotiable for founders.The biggest mistakes that prevent entrepreneurs from scaling their businesses.How venture capital firms evaluate startup founders before investing.Why former athletes and military veterans often excel as business owners.The importance of being obsessed with growth, solving problems, and taking action.Rich also shares insights into his real estate investment fund, how he’s raising capital for boutique hotels, and what retail investors should know about diversifying into commercial real estate​.Mike shares insights from working with The Founder Institute, where thousands of entrepreneurs have gone through intensive training to build scalable businesses. Whether you’re launching a startup, scaling an investment portfolio, or just want to develop a winning mindset, this episode will challenge you to think bigger and level up.For limited investment opportunities with Somers Capital: www.somerscapital.com/invest. Ready to take your investing to the next level? Join our Boutique Hotel Mastermind Community. Join a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.
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Feb 18, 2025 • 7min

Stop Listening to the People Closest to You, and Start Listening to the People Closest to Your Goals | E309

The people around you might care about you—but that doesn’t mean they know what’s best for your future. In this solo episode of The Rich Somers Report, Rich shares why taking advice from family, friends, and coworkers who have never done what you’re trying to do can hold you back—and why surrounding yourself with the right people is the key to success.Rich breaks down:Why most people discourage risk-taking—and how to push past their limiting beliefs.The biggest mistake new investors and entrepreneurs make when seeking advice.How he ignored the noise when cashing out his 401K to buy his first real estate deal.The power of getting into the right rooms, shaking the right hands, and building a new circle.Why taking action—despite fear—is what separates those who succeed from those who don’t.If you’re tired of hearing “that’s too risky” from people who’ve never done it, this episode will challenge you to step up, shift your mindset, and start listening to the right voices.For limited investment opportunities with Somers Capital: www.somerscapital.com/invest. Ready to take your investing to the next level? Join our Boutique Hotel Mastermind Community. Join a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.
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Feb 15, 2025 • 17min

We’re Acquiring Another Boutique Hotel Below Replacement Cost, and a Quick “23 Day Close”! | Alex Johnson (Saturday Edition) E308

The hosts dive into a new real estate deal in San Clemente, celebrating its charm and investment potential. They share thrilling updates on their boutique hotel acquisition and the strategic shifts in hospitality. Insights from past successes fuel their optimism for future growth. The focus is on appealing to modern travelers and enhancing the guest experience. The rapid 23-day closing process highlights the dynamic nature of real estate investing, inviting others to explore these exciting opportunities.
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Feb 14, 2025 • 43min

The Consequences of Punishing (Tax) Americans Who Work & Improve & Giving Free Money to Those Who Don’t | Kevin Faulconer E307

Are high taxes and government policies discouraging hard work and economic growth? In this episode of The Rich Somers Report, Rich sits down with Kevin Faulconer, former mayor of San Diego, to discuss the long-term impact of over-taxation, rising homelessness, and the business exodus from California.They dive into:How liberal policies in California are making it harder for businesses and individuals to thrive.Why high taxes and lack of accountability are driving businesses out of California.The growing homeless crisis and how cities like San Diego are handling the issue.Why political will and leadership are the key to making meaningful changes and improving quality of life.The role of entrepreneurship and business-friendly policies in fostering real economic growth.Kevin also shares his thoughts on California’s real estate market, the importance of balancing regulations with opportunities, and how we can turn the tide in favor of those who want to improve their lives.If you’re frustrated by the current state of politics, taxes, and business, this episode is for you. Tune in to hear what needs to change and how it could impact your future.For limited investment opportunities with Somers Capital: www.somerscapital.com/invest. Ready to take your investing to the next level? Join our Boutique Hotel Mastermind Community. Join a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.
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Feb 11, 2025 • 34min

Why You Should Burn Your 401K and Go “All-in” on Real Estate Investing | Hunter Thompson (Guest Episode) E306

Is playing it safe really the best path to wealth? In this episode, Rich Somers joins Hunter Thompson on Cash Flow Connections to break down why he walked away from a secure W-2 job, cashed out his 401K, and went all-in on real estate investing—ultimately building an eight-figure net worth through boutique hotels.Rich and Hunter dive into:Why the greatest wealth transfer in history is creating once-in-a-generation opportunities.The power of taking bold action and how real estate can provide real financial freedom.Why boutique hotels are outperforming short-term rentals and how to navigate Airbnb regulations.The role of personal branding in raising capital, attracting deals, and scaling a business.The mindset shifts required to break out of the traditional path and build lasting wealth.Rich shares his journey from an air traffic controller to a full-time investor, while Hunter breaks down why timing, market cycles, and strategic decision-making are key to long-term success. Whether you’re stuck in a W-2 or looking to scale, this episode offers real insights into betting on yourself and making big moves in real estate.For limited investment opportunities with Somers Capital: www.somerscapital.com/invest. Ready to take your investing to the next level? Join our Boutique Hotel Mastermind Community. Join a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.
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Feb 8, 2025 • 11min

Why I Think the DC Crash Could Have Been Prevented By Air Traffic Control: Interview with One America News | Stephanie Myers E305

Could better air traffic control have prevented the tragic DC mid-air collision? In this special episode, Rich Somers joins One America News to discuss the devastating crash between an American Airlines passenger flight and a military Black Hawk helicopter—and why systemic issues within the FAA, outdated technology, and staffing shortages may have played a role.Rich, a former 11-year air traffic controller, breaks down:What the recorded flight tapes reveal about the moments leading up to the crash.The dangers of controllers working multiple positions at once due to staffing shortages.Why outdated FAA equipment and hiring practices create unnecessary risks.How better training, technology, and policies could help prevent future tragedies.With firsthand experience controlling some of the busiest airspace in the world, Rich provides an inside look at what went wrong—and what needs to change to make the skies safer.For limited investment opportunities with Somers Capital: www.somerscapital.com/invest. Ready to take your investing to the next level? Join our Boutique Hotel Mastermind Community. Join a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.
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Feb 6, 2025 • 12min

Certain Doors Won’t Open For You Until You Become the Version of Yourself that Can Walk Through Them | E304

Success hinges on personal transformation, not just spotting opportunities. The host shares his journey from a 9-to-5 job to managing an $80 million hotel portfolio. He emphasizes breaking through limiting beliefs and the sacrifices necessary for growth. Early struggles with raising capital taught him invaluable strategies for success. Ultimately, it's about readying yourself to seize opportunities when they arise. Personal growth is the key to unlocking doors that might seem closed.
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Feb 4, 2025 • 1h 22min

How to Make Your First Million With an iPhone | Neel Dhingra E303

Can you really build a million-dollar brand from your phone? In this episode of The Rich Somers Report, Rich sits down with content and personal brand expert Neel Dhingra to break down the exact strategies that have helped him and countless others grow their businesses, land high-ticket clients, and scale their income—all through social media and a smartphone.They cover:Why content creation is the most powerful skill in 2025—and how to leverage it to grow your business.The biggest mistakes holding people back from building an audience and monetizing their brand.How consistency, niche selection, and storytelling are the keys to creating viral, shareable content.Why podcasting and long-form content are underrated wealth-building tools.Neel also shares insider growth hacks used by top creators like Alex Hormozi, Dan Martell, and Gary Vee—including the #1 secret to making content that gets millions of views. Whether you're in real estate, coaching, or any other industry, this episode is packed with actionable steps to help you turn your iPhone into a money-making machine.For limited investment opportunities with Somers Capital: www.somerscapital.com/invest. Ready to take your investing to the next level? Join our Boutique Hotel Mastermind Community. Join a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.
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Feb 1, 2025 • 26min

5 Expensive Mistakes to Avoid When Buying Your First Boutique Hotel | Kassidy Warren Saturday Edition E302

Kassidy Warren, a seasoned real estate investor specializing in boutique hotels, shares invaluable insights into avoiding costly pitfalls in hotel investments. They discuss why oversaturated Airbnb markets can jeopardize profitability and the importance of knowing your exit strategy. Kassidy highlights the critical difference between investing for cash flow versus appreciation and stresses not to navigate this complex field alone. Listeners will also learn about an upcoming free workshop designed to kickstart their investment journey.

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