Hustlin Secrets: Entrepreneurs Playbook For Financial Freedom

In this podcast, Rod Smith shares three essential principles that can be learned from losers. He begins by expressing his excitement about the topic and introduces himself as a fan of the Denver Nuggets basketball team. He emphasize that they are not calling the Nuggets losers, but rather highlighting principles that can be learned from their journey.

The first principle mentioned is preparation, which the speaker believes is crucial for success. He discussed how successful people invest more time in preparation than in actual performance, drawing parallels between sports and business. He highlighted the importance of reading books, listening to audios, and learning from experts in order to be prepared and achieve desired results.

The second principle is perseverance. Rod emphasizes that failure is a part of the journey and encourages the audience to never give up. He used examples from the Nuggets' journey and personal experiences to illustrate the importance of resilience and overcoming setbacks. Rod urge listeners to keep going, even when faced with obstacles, and believe that failure is not final unless one quits.

The third principle is passion. Rod Smith emphasizes that having passion for one's goals fuels motivation and determination. He discussed how passion drives successful people and keeps them going, even when faced with challenges. He encourage the audience to turn their pursuits into games and to embrace the vision and purpose behind their endeavors.

Rod Smith concludes by congratulating the Denver Nuggets and expressing their own passion for financial literacy. He encourage listeners to embrace the three principles—preparation, perseverance, and passion—in their own journeys and aim for success.

In this episode, Rod Smith discusses how a single sheet of paper, a financial statement, changed his life in 2002. Despite earning over $230,000 per month, he was on the verge of financial ruin until he encountered this sheet of paper. The financial statement helped him assess his income, expenses, and financial habits, leading to a realization of his unsustainable lifestyle. Rod emphasizes the importance of financial literacy and he shares three coaching points for using the financial statement effectively.

The first thing this financial statement does for you is it brings awareness. It shines a light on your financial situation, revealing the truth about your income, expenses, assets, and liabilities. It helps you see where your money is going and how it's being utilized. This awareness is crucial because you can't make effective changes without understanding the current state of your finances.

The second thing the financial statement does is it provides clarity. By organizing your financial information in one place, it allows you to see the big picture. You can assess your cash flow, identify areas of overspending or undersaving, and determine if your current financial habits align with your long-term goals. Clarity empowers you to make informed decisions and take control of your financial future.

The third thing the financial statement does is it enables you to create a plan. Armed with the knowledge gained from filling out the statement, you can develop a strategic financial plan that aligns with your goals and values. You can prioritize your spending, establish a budget, allocate resources towards savings and investments, and eliminate unnecessary expenses. With a plan in place, you have a roadmap to financial stability and success.

Rod also reflects on his personal fear of ending up broke, drawing from his experience as an NFL player and his observation of others' financial struggles. The episode aims to teach viewers how to gain control over their finances and achieve long-term financial stability.

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In this episode, Rod Smith discusses his perspective on debt and challenges the notion of being debt-free. He shares a personal story about his mentor, Ray Crockett, who taught him valuable lessons about debt and wealth accumulation. Rod believes that being debt-free is not necessarily a good idea and explains three points to support his argument.

Firstly, he mentions that people have a negative perception of debt and view it as a burden rather than an opportunity.

Secondly, he discusses the pain associated with debt, which restricts individuals from exploring new ventures and opportunities.

Lastly, he emphasizes the importance of good debt that generates income and asserts that accumulating debt intelligently can lead to increased wealth. The speaker intends to provide a paradigm shift regarding debt and encourages viewers to reconsider their beliefs about being debt-free.

This podcast episode discusses how to make tough decisions in business and life, particularly for entrepreneurs and professional athletes who often have to make quick decisions. Rod Smith presents a three-step process for making tough decisions easier.

The first step is reflection, where the person envisions how they want the decision to impact their life three to six months in the future. By projecting the outcome and working backward, they can assess whether the decision will yield a favorable result. This step involves taking time to evaluate and gather information before making a decision.

The second step is to remove emotions from the decision-making process. Emotionally-driven decisions may not align with logical outcomes. By separating emotions and focusing on the logical consequences, one can increase the chances of achieving a favorable outcome. Sometimes it requires temporarily setting aside the opinions and emotions of others and prioritizing what is best for oneself.

The third step is reevaluation. After making the decision and acting upon it, the person needs to periodically reassess the situation. If the outcome isn't as desired or aligned with the initial vision, adjustments and tweaks can be made to steer it in the right direction. The speaker provides an example of a business owner who had to make a difficult decision about firing an employee, and how they used this process to find clarity and ultimately achieve positive results.

Learning from a Billionaire. Grant Cardone teaches me lessons from the NEXT level

You possess a power that is absolutely amazing if used correctly. This episode will not only tell you what that super power is, but also give you instructions on how to make it work for you, over and over and over.

A lot of times people don't really understand the difference between a mentor and a coach. Mentorship is something that transcends the actual business. It is more personal. The heart is involved. Your mentor is really committed to you, and you're committed to them as far as moving forward with your business...

The Entrepreneurs Playbook for Financial Freedom. With so many people having started their own business over the last 20 plus years. There's a massive shift from employee to entrepreneur. Being an entrepreneurs has its ups and downs. Now you can be introduced to the hidden secrets of successful entrepreneurs with Hustlin Secrets.