What You'll Learn In Today's Episode:
- Embrace failure and learn from it; it is a better teacher than success.
- Successful individuals have a hero gene that drives them to run towards risk.
- Building a network of five individuals who can help you get ahead is crucial for success.
- Focus on doing more of what you’re good at and as little as possible of what you’re bad at.
- Entrepreneurship is a personal development program that requires hard work, learning, and impact.
In this episode, Matt is joined by Lewis Schiff from Birthing of Giants. Lewis, a natural entrepreneur, questioned the disparity in outcomes among middle-class individuals. His research, culminating in the book “The Middle-Class Millionaire,” explored why only one in ten managed to break into the top echelons of wealth.
The crux of his coaching philosophy lies in understanding the distinctive approach of the self-made wealthy, the true drivers of economic change. These individuals, Lewis emphasized, work longer hours but, more importantly, embrace failure as a vital learning tool. The so-called “hero gene” is prevalent among entrepreneurs who openly share their failures, fostering innovation and entrepreneurship.
Lewis also discusses nodal networking, a key concept that revolves around cultivating strong connections with a select few in the business realm. Lewis stressed the importance of giving before asking, using personal strengths, and minimizing weaknesses.
Listen or watch!
Related: Biggest Mistakes Advisors Make with Backdoor Roth Contributions