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The Kim Constable Podcast

17 steps to financial freedom & fulfilment - interview with John Lee Dumas - Episode 69

The Kim Constable Podcast

Kim Constable

Business, Entrepreneurship, Health & Fitness

4.9743 Ratings

🗓️ 18 February 2021

⏱️ 62 minutes

🧾️ Download transcript

Summary

Most people don’t have what it takes to be an entrepreneur.   (That’s actually not a bad thing.)   They dream of having enough money to live in total financial freedom, but when the reality strikes, and it’s time to toe the line, they fall short.   Why does this happen?   I had the honor of interviewing John Lee Dumas, founder & host of Entrepreneurs On Fire, who boldly answers this question and many more.   John was an active-duty officer in the U.S. Army (spending time in a war zone in Iraq), where he developed an insane level of discipline and mental fortitude at quite a young age. He is definitely no stranger to overcoming challenges that seem impossible and uses those skills strategically in his business.   In this episode, he discusses his new book, The Common Path to Uncommon Success: A Roadmap to Financial Freedom and Fulfillment, in which he lays out a 17-step roadmap to unlocking your greatest potential and creating a life of total fulfillment.   (He even talks about some of those steps during the interview—one of which will blow your damn mind!)    John has identified the common foundational principles successful entrepreneurs share that allow them to achieve uncommon success, and he dives deep into some of these in our interview.    He also boldly goes where not many people are willing to go, and that is bringing to light that not everyone has what it takes to be an entrepreneur and how that isn’t a bad thing!   As you listen to this incredible interview, you will learn:   The importance of the “Zone of Fire” and how to identify yours How being a “challenger” can help you reach massive success What 3 specific things John Lee has done better than most entrepreneurs  The one thing that I attribute to my own high efficiency My #1 goal in life (this might even shock you)  What John thinks about the idea that money cannot buy happiness John acronym for F.O.C.U.S (this is fantastic)   He also shares how he generated $100,000+ net profit for 90 months in a row (which you can learn about in more detail in his book, which is now available for pre-order).   I can’t wait for you to hear this! Love, Kim xo Reference List: The Common Path to Uncommon Success: A Roadmap to Financial Freedom and Fulfillment (https://www.amazon.com/Common-Path-Uncommon-Success-Fulfillment/dp/1400221099) John Lee Dumas interviews Kim Constable (https://www.eofire.com/podcast/kimconstable/) Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant (https://www.amazon.com/Blue-Ocean-Strategy-Uncontested-Competition/dp/1591396190) Enneagram Test: (https://www.enneagraminstitute.com/type-descriptions) The 100-Day Goal Journal: Accomplish What Matters to You (https://www.amazon.com/100-Day-Goal-Journal-Accomplish-Matters/dp/1454930748/ref=pd_bxgy_3/141-4370678-3943145?_encoding=UTF8&pd_rd_i=1454930748&pd_rd_r=90c319af-2182-418c-ab69-f8c35bfd5e4e&pd_rd_w=GF3Yp&pd_rd_wg=xOirx&pf_rd_p=f325d01c-4658-4593-be83-3e12ca663f0e&pf_rd_r=C6VFNTX2TC34Y792NBQA&psc=1&refRID=C6VFNTX2TC34Y792NBQA) The Dip: A Little Book That Teaches You When to Quit (and When to Stick) (https://www.amazon.com/Dip-Little-Book-Teaches-Stick/dp/1591841666/ref=sr_1_1?dchild=1&keywords=the+dip&qid=1613580346&s=books&sr=1-1) The Top Five Regrets of the Dying: A Life Transformed by the Dearly Departing (https://www.amazon.com/Top-Five-Regrets-Dying-Transformed/dp/140194065X)   QUOTES USED: “If you follow this roadmap and you don’t achieve your version of financial freedom and fulfillment in 3-6 months, then maybe this entrepreneurship thing isn’t for you.”    “The higher the barrier you can set, the lower the competition.”   “The best solution to a real problem wins.”

Transcript

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0:00.0

Well, hey there, crazy listeners. This is Kim Constable of the Kim Constable podcast. Nobody cares work harder. How are you doing this wonderful week? So good to talk to you again. I have another interview for you today. I've really been getting into the interviews recently and this is definitely one I think you are going to want to listen to. So let me just give you a little bit of the backstory. I was interviewed by my guest today. His name is John Lee Dumas. He has one of the most successful podcasts in the world. It is called Entrepreneurs on Fire.

0:39.8

And he interviewed me on his podcast about a year and a half ago. And then recently, I found out

0:45.9

that he has a new book coming out called The Common Path to Uncommon Success, which is all about

0:53.2

creating a roadmap to financial freedom and

0:56.0

fulfillment, where he literally breaks down step by step, how somebody can find their big

1:03.0

idea, be successful, create a roadmap, and every single thing that you need to do to go from,

1:12.3

I don't even have a business idea, to I have a wildly profitable, successful business in only 17 steps.

1:16.4

Now, of course, it's not just about like reading the book and then you will be wildly successful.

1:20.6

You actually have to do the work to get there.

1:23.4

But John Lee Dumas truly is one of the great entrepreneurs of our time.

1:29.4

He knows exactly how to make money.

1:31.8

And not only that, he has had 90 months of his podcast generating over $100,000 in revenue,

1:40.5

a minimum of $100,000, sometimes up to a quarter of a million dollars, 90 months,

1:44.9

$100 million.

1:46.0

And he only employs three virtual assistants in the Philippines and has a monthly wage bill

1:52.1

of under $4,000.

1:54.0

Now, that made my eyes water a little bit, because my monthly wage bill is about 20 times

1:59.0

that.

2:00.2

So I was interested to hear John's tips for success.

2:04.6

And I cannot wait to read the book when it comes out March 23rd. And so really this interview

2:08.9

isn't really just about, you know, I don't really get into John's history. And we do talk a little

2:13.3

bit about that. But a lot of it is about me just asking him to dig deep into the strategies

...

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