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The ONE Thing

143. The Habit that Cost $100MM to Learn and Why It Was Worth It (Part 1) - Keith Cunningham

The ONE Thing

NOVA Media

Business, Careers, Entrepreneurship

4.8 • 1.1K Ratings

🗓️ 11 June 2018

⏱️ 52 minutes

🧾️ Download transcript

Summary

Can you imagine a habit so powerful that it was worth investing $100,000,000 to acquire it? Our guest, Keith Cunningham, joins us for a two-part interview because he literally paid that tuition – but he learned a lot from losing $100MM, and built habits that allowed him to make that money back, plus some.  Now Keith is traveling around the world teaching others how they can acquire this ONE habit that will make everything else in their business life easier or unnecessary, and he wrote a book sharing what he learned titled The Road Less Stupid. We’re studying him closely to see what we can learn and apply in our own business, and Geoff is on a 66-day challenge to make this a power habit that sticks.  Want to win a FREE signed copy of The Road Less Stupid? You just have to do ONE of two things... Leave a review on your podcast player of choice sharing the ONE thing you’re going to do after listening to this episode (or part 2) OR... Share this episode on social media using the hashtag #theONEthing We will select our 3 favorites to win a signed copy of The Road Less Stupid and announce the winners on July 9th!   In this episode, you will learn... [8:00] The ONE habit at the heart of Keith’s success. [17:15] How making decisions based on your emotions (as opposed to your intellect) can lead you down the wrong path. [23:35] The 3 questions that will help you mitigate risk and change everything in your business. [29:55] The key difference between business owners & business operators (and what you can do to shift from being an operator to being an owner). [32:15] Your key to success, in anything.  The ONE Thing to Implement From This Episode: Keith teaches us that the key to success is having the right people doing the right thing at the right time. You need A players on your team if you want to make an extraordinary impact, and one of the hardest things to do in business is hiring and retaining A players if you’re a C player. So ask yourself: Are you an A player? And if you are not, where are you falling short? Get clarity on your deliverable and your outcomes so that you can measure, test, and ultimately achieve A player status.  Links & Tools From This Episode Learn more at keystothevault.com Connect with Keith: Facebook | Twitter | LinkedIn The Road Less Stupid by Keith Cunningham  AWESOME FREE RESOURCES FOR YOU! Get more support & accountability: Join the Living Your ONE Thing Community The Kick Ass Guide To Accountability Form your first power habit with your 66 Day Challenge Calendar  Mentioned in this episode: Factor 75 Head to FactorMeals.com/one50 and use code one50 to get 50% off. That’s code one50 at FactorMeals.com/one50 to get 50% off! Factor 75

Transcript

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0:00.0

This is the One Thing podcast where we teach you the surprisingly simple truth behind extraordinary results.

0:08.0

My name is Jeff Woods. I'm the Vice President here at the One Thing team.

0:13.2

Imagine acquiring a habit that was so powerful

0:18.0

that it was worth paying 100 million dollars to acquire it. What habit could be so powerful that it would be worth

0:26.2

investing that much? Over the next two episodes you are going to hear a two-part

0:31.5

interview with someone who quite literally paid that tuition.

0:36.5

Over a hundred million dollars he lost and what he learned from it and the habits that he built that not only allowed him to make that money back,

0:46.6

but make it back in spades and now turn around and be in a position to travel around the world,

0:52.0

teaching anywhere from 30 to 40,000 people, how they can

0:56.0

acquire this one habit that would make everything else in their business life easier

1:00.9

or unnecessary. I'm particularly excited about this conversation because the person you're going to meet today is a friend of Gary Keller's.

1:08.0

He is someone I have read his brand new book, The Road Less Stupid.

1:12.0

I have been studying it. I have been going on a 66 day challenge to making

1:16.1

this one habit, a power habit that sticks. And we know that you will want to get a copy of

1:20.8

his book, The Road Less Stupid. And what we're going to ask is we're going to turn this

1:24.3

into a little contest.

1:25.7

If you like what you hear in this episode in part one

1:28.3

or in part two, and you choose to do one of two things,

1:32.1

you leave a review on your podcast

1:34.2

Player of Choice specifically referencing this episode and the one thing

1:38.0

that you are going to do based on it or share this episode on your social

1:41.4

media with the hashtag the one thing.

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