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356: 7 Lessons I Learned From Two 7-Figure Entrepreneurs

As I’ve learned and grown as an entrepreneur, I have tried to study and learn from those who are further along on the journey. I’ve come to understand that I can learn as much from their hard lessons and challenges as I can from their successes. Today’s session is based on a podcast interview I listened to a couple of months ago. It featured Ali Abdaal and Sahil Bloom, two online creators who have built 7-figure businesses and audiences of over 6 million followers. In their insightful interview done in two parts, they talked a lot about life and business; I’m sharing seven lessons I picked up from them that I’m implementing in my business and personal life. 

 You’ll Learn: 

  • 7 Lessons I Learned from Ali and Sahil:
  • Change the wealth scoreboard.
  • Don’t define self-worth based on net worth. 
  • A new definition of success bases “wealth” on health, relationships, and the time I have for the things I enjoy.
  • Set daily non-negotiables.
  • Live with intention by identifying 3-5 things that must happen each day for me to be at my best.
  • Friends over followers
  • The quality of my relationships greatly impacts my health. 
  • Schedule time to connect with genuine friends.
  • More growth equals more haters.
  • Sharing my message attracts people with a lot of pain, so I should default to empathy.
  • Don’t be a slave to social media. 
  • Be careful about posting pictures of kids and sharing revenue numbers. 
  • This is difficult to navigate while still establishing credibility and the human connection that people crave. 
  • Build micro-businesses.
  • These can generate cash flow with minimal involvement.
  • An example: having an in-house agency along with doing a podcast.
  • Connection over mass content
  • With AI, content is easier than ever to create, but connection and authenticity help others know, like, and trust me. 

Resources:

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About the Podcast

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Selling the Couch
Impact And Income Beyond The Therapy Room

About your host

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Melvin Varghese, PhD

Hi. I'm Melvin. I'm a psychologist, girl dad, and online creator living in Philadelphia, PA.

In 2014, I began to think about how to use our therapist skillset in different realms besides clinical work (e.g., podcasting, consulting, online course creation, writing, etc).

This allows us to serve others on larger scales while diversifying our income beyond 1 to 1 work.

I make podcasts and videos about business, tech, productivity, and lessons I'm learning from becoming the CEO of a lean, mean 5 person 100% remote team (we're not really mean..it just rhymed =P).