#05 Why Top 1% of Earners DON'T Stay in their Hometowns (feat. Rob Abasolo and Nathan Barry)

BigDeal

Codie Sanchez

Business, Investing, Entrepreneurship, Marketing

4.8 • 681 Ratings

🗓️ 30 April 2024

⏱️ 83 minutes

🔗️ Recording | iTunes | RSS

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Summary

Do you actually have to leave your hometown to make it big? Codie dives into the science behind success and financial freedom, exploring the role of economic interconnectedness, environment, and mentorship, uncovering key factors influencing achievement, from the impact of hometowns to the benefits of networking and exposure to diverse communities. Rob Abasolo of the YouTube channel Robuilt explains why he flew the nest to find success, while Nathan Barry of ConvertKit explains how staying put led him to scale ConvertKit to where it is today. TIMESTAMPS: 0:00 Intro 00:06:27 Scott Galloway said you shouldn't spend time in your apartment if you're young. 00:10:59 Deal of the Week: Culdesac Tempe. 00:15:52 A dating show for retirement communities? 00:18:06 Steal my Rich Friends: Rob Abosolo of Robuilt. 00:20:37 Getting the courage to leave home. 00:22:29 How NOT getting a dream job opened more doors. 00:24:16 Risk-compounding. 00:39:51 Steal my Rich Friend: Nathan Barry of ConvertKit. 00:54:46 Trading time for money. 01:09:23 CEO Storytime: Codie's biggest regret. 01:12:14 Happiness in relation to how close we live to others. 01:14:10 Relationships formed through difficulty. 01:18:54 Codie's love letter to her hometown. SOURCES: PublicSource study: https://projects.publicsource.org/pittsburgh-neighborhood-success/ Zone of Proximal Development (ZPD): https://www.simplypsychology.org/zone-of-proximal-development.html Economic interconnectedness: https://www.nature.com/articles/d41586-022-01843-4 Scott Galloway Tweet: https://twitter.com/profgalloway/status/1662616507602354186 Atlantic article: https://www.theatlantic.com/family/archive/2023/03/neighbors-friendship-happiness/673352/ Culdesac: https://culdesac.com/ 🔗 MORE FROM BIGDEAL: 🎥 Youtube: https://www.youtube.com/@podcastbigdeal 📸 Instagram: https://www.instagram.com/bigdeal.podcast/ 📽️ TikTok: https://www.tiktok.com/@big.deal.pod 🐦 X: https://twitter.com/Codie_Sanchez Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome back. It's Cody Sanchez, and this is the Big Deal podcast for those who don't just want to get rich, but be free and actually do what it takes to get there. So today, we're answering this question. Do you actually have to leave your hometown to become successful? Can you make it where you were born? Or do you have to go somewhere different to grow than the place that you were first made?
0:22.9	Lots of people have different takes on this. And we're going to tell you what you need to do if you're
0:28.4	going to have to leave. How do you make a successful network somewhere else? And we're going to
0:32.7	bring in my rich and successful friends to tell you both sides of their stories.
0:42.4	First, I started with this tweet quite a while ago, and it went something like this.
0:47.2	Never be afraid to leave your hometown to grow. It's too easy to stay the same when the scene does.
0:52.1	Your people love you as you are now, and they'll fear losing that you.
0:56.0	Your hometown, it'll be there.
0:57.9	But if you truly want to change, you need to go to a place that has changed.
1:01.8	And I kind of believed that.
1:03.1	But then I tried something else.
1:05.1	You did.
1:05.3	Like right before we hopped on this recording, you tweeted, do you know anyone who is really
1:10.6	successful, lives in their hometown,
1:12.7	and has never left to work anywhere else? My favorite tweet was, Jesus couldn't even preach
1:18.7	in Nazareth. Jesus was from Nazareth. Fuck, that's good. Yeah. So I was like, oh my gosh,
1:24.5	that one's good. And then another person made a great comment. Yep,
1:28.8	it helps to be a Silicon Valley local. I feel like the same thing, probably about like New York
1:33.9	City. And then another person, no, staying in your hometown will rust you as a ship that doesn't
1:40.0	do what it's built for. Oh, that poets in the audience. I know, I know.
1:44.6	Still, Nazareth is up there as my number one.
1:47.1	But personally, I would love a hometown.
	...

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