#13 What Self-Made Millionaires Have in Common | Bill Perkins

BigDeal

Codie Sanchez

Business, Investing, Entrepreneurship, Marketing

4.8 • 681 Ratings

🗓️ 25 June 2024

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Codie Sanchez and guest Bill Perkins discuss how the company you keep can significantly impact your success. They highlight the importance of surrounding yourself with high performers and sharing research and personal stories on boosting productivity and growth. Codie also emphasizes the need to distance yourself from underperformers and explains why being the "dumbest" in your friend group can actually foster personal development. The episode wraps up with tips on protecting your time, choosing the right partners, and leveraging your network for success. Record your first video https://creators.riverside.fm/Codie and use code CODIE for 15% off an individual plan. 01:22 Contrarian Idea: Be the Dumbest in Your Friend Group 03:15 Personal Experiences with Underperformers 05:33 The Power of Saying No 10:00 Research on Social Interactions and Happiness 19:50 Identifying and Removing Underperformers 24:41 Meeting Bill Perkins 26:37 A Humbling Conversation 28:18 The Power of Ambitious Friends 28:44 The 80/20 Rule in Friendships 30:53 Valuing Your Time 33:27 Investing in Yourself 35:13 Choosing the Right People 36:19 The Importance of Integrity 44:37 Finding the Right Talent 48:58 Generosity and Sharing Success 🔗 MORE FROM BIGDEAL: 🎥 Youtube: https://www.youtube.com/@podcastbigdeal 📸 Instagram: https://www.instagram.com/bigdeal.podcast/ 📽️ TikTok: https://www.tiktok.com/@big.deal.pod Relevant Links: https://insight.kellogg.northwestern.edu/article/sitting-near-a-high-performer-can-make-you-better-at-your-job https://pubmed.ncbi.nlm.nih.gov/26847844/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If you surround average performers with one underperformer, it will decrease anybody in their radius of 25 feet by 15%.
0:08.3	I mean, you're such an asshole, but you're my best friend. But there's gold in there and there's value as long as they have integrity.
0:14.2	His name's Bill Perkins. He's worth hundreds of millions of dollars, best-selling author, and he's just a stud.
0:19.1	It turns out that being around other people,
0:21.5	social interaction, friends or otherwise, actually decreases your happiness. In the relay race of life,
0:27.8	you never know if you're the starter or the finisher. You just run. Oh, that's good. And he goes,
0:33.6	well, is there any part of you that thinks that because you've been investing in small
0:37.7	businesses for this long, small has infected your thinking? How have the best people in any
0:43.3	industry achieved something incredible? I want to share a quick business tip that I've been thinking
0:50.5	a lot about lately. It's eliminate, automate, delegate. So if you do
0:54.4	tasks in that order in your business, it runs more smoothly. I'm always looking for tools to help
0:58.7	eliminate tasks, then automate them, and then finally delegate those that are absolutely necessary.
1:03.1	One of those tools is Riverside. Not only can it record 4K video and audio remotely to make sure
1:07.8	your podcast quality is top notch, but it's also drastically improved my team's
1:11.4	editing speed with the text-based editor. Transcribes your footage, remove silences, one-click, and creates
1:16.4	these short clips just by selecting the text. Even better, if you make a mistake, which we try not to do,
1:21.3	you can delete the sentence and the transcript will delete it from your video instantly. So Riverside
1:25.9	has an in-platform editor where you can upload your
1:28.2	own content too. So it's not just footage recorded on Riverside that gets the special treatment.
1:32.0	So how do people find new podcasts often from seeing clips, right? You see a bunch of mine. Riverside gets
1:36.3	this and that's why I like their AI magic clips. Analyzes moments in your podcasts that have
1:40.5	the most potential to get traction online that saves hours of listening to your podcast for the fifth time to find the perfect clip. Riversides got you covered. We're always trying to
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