The Science of Success

(B) Roland Frasier: How To Build Lasting Wealth, Influence, and Happiness


Listen Later

In this episode we discuss how to make the most important decisions in your life. Where should you spend your time? How do you evaluate different opportunities? Are you focused on creating wealth or income, and which is more important for you? Should you make a big change in your career or industry? We dig into all of these important questions and give you the tools to answer them with our guest the legendary Roland Frasier. Roland Frasier is a serial entrepreneur who has founded, scaled or sold dozens of different businesses.  He is currently CEO of the War Room Mastermind, where he advises over 150 major companies and principal in DigitalMarketer.com, among several other successful online companies. Roland has experienced business success in several industries including real estate, law, publishing, consulting, and many others. He has worked with major companies such as Microsoft, Infusionsoft, Etihad Airlines, Harper-Collins Publishing and Uber.The biggest business breakthroughs often come from applying unexpected places and cross applications The importance of creating models and frameworks for solving business problemsTake what you read and break it down into something that’s simple and useable How do you take what you’re reading and learning and turn it into something that is actually usable and applicable?The Long and The ShortThe dangers of being “cash poor” and “asset rich”Are you over-focused on income or wealth? Are you a dancing bear? Its so easy to get trapped into reinvesting 100% of your profits into growing your company How do you balance our time between short term income creation and long term wealth creation? Formula: Income Needs = Long Term Growth Desires + Lifestyle Costs + Cushion If you want yourself too far on one side or the other, it’s time to rebalance your focus a bitLife is so fragile - you have to balance living for today and living for tomorrowClassify your opportunities as either “wealth” opportunities or “income opportunities”You should be hustling, but you shouldn’t be hustling all the time.You have to stop and think.You have to stop and recover too.If you study some seriously successful and ultra driven people - they often achieve that success at the cost of their own personal and family lives If you want to really innovate, you have to take time to think.The world will demand 400% of your time. You have to limit the number of opportunities you take on. It’s easy to drown in opportunity. Once in a lifetime opportunities come around 3 or 4 times per year. PFM + Will it move the needle in terms of what you want to accomplish personally and financially? PeopleFunMoneySaying “not now” is not the same thing as saying no - it’s a great way to defer opportunitiesThe power and importance of asking for things Be inquisitive and child like in asking the things you are curious aboutThe “No harm in asking” RuleIn a business deal, if you don’t ask for what you want, it sure as well won’t be handed to you. The power of “inception” via the principle of Socratic Influencing - how you can get people to think that your ideas are theirs Lead people logically to the conclusion that you want them to arrive atThe absolutely magical power Should you “grow where you are planted?"The power and importance of developing your personal brand to help your business Homework: Determine what are you going to spend your time on? IDEA: Create a “Life Priority Matrix” 
Learn more about your ad choices. Visit megaphone.fm/adchoices
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
...more
View all episodesView all episodes
Download on the App Store

The Science of SuccessBy Matt Bodnar

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

1,021 ratings


More shows like The Science of Success

View all
Sounds True: Insights at the Edge by Tami Simon

Sounds True: Insights at the Edge

1,831 Listeners

Good Life Project by Jonathan Fields / Acast

Good Life Project

3,288 Listeners

The One You Feed by iHeartPodcasts

The One You Feed

2,514 Listeners

Untangle by Untangle

Untangle

831 Listeners

10% Happier with Dan Harris by 10% Happier

10% Happier with Dan Harris

12,528 Listeners

Being Well with Forrest Hanson and Dr. Rick Hanson by Rick Hanson, Ph.D., Forrest Hanson

Being Well with Forrest Hanson and Dr. Rick Hanson

2,419 Listeners

Depression Detox Show | Daily Inspirational Talks by Malikee Josephs (Muh Leek - Jo Seffs)

Depression Detox Show | Daily Inspirational Talks

305 Listeners

Oprah's Super Soul by Oprah

Oprah's Super Soul

32,019 Listeners

Unlocking Us with Brené Brown by Vox Media Podcast Network

Unlocking Us with Brené Brown

23,609 Listeners

Bewildered by Martha Beck and Rowan Mangan

Bewildered

1,238 Listeners

The Gathering Room Podcast by Martha Beck

The Gathering Room Podcast

655 Listeners

We Can Do Hard Things by Glennon Doyle and Audacy

We Can Do Hard Things

41,360 Listeners

Pulling The Thread with Elise Loehnen by Elise Loehnen

Pulling The Thread with Elise Loehnen

1,008 Listeners

The Mel Robbins Podcast by Mel Robbins

The Mel Robbins Podcast

20,713 Listeners

Dare to Lead with Brené Brown by Vox Media Podcast Network

Dare to Lead with Brené Brown

147 Listeners