#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 7 May 2021

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

With Endeavor's IPO, Shaan (@ShaanVP) and Sam (@TheSamParr) break down the UFC's numbers and how it got so profitable. Key to the whole thing: Dana White. He bought the UFC for $2m and turned it into a multi-billion empire. The guys also talk about the mental toughness of UFC fighters and how you can take some of these same principals and apply them to your life. They also talk about an interesting concept called no-loss lotteries and a company trying to save you taxes. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (3:28) How to retain talent * (7:42) The mental toughness of UFC fighters * (15:30) The power of self-talk * (24:20) How the UFC got so profitable * (36:38) How this company will help you save taxes * (41:05) What are no-loss lotteries? --------- Show links: * https://studentloanhero.com/ * https://properlot.com/ * https://www.poconnor.com/ * https://www.fivestonetax.com/ * https://pooltogether.com/ * https://twitter.com/lay2000lbs * https://waitbutwhy.com/2021/04/lanby.html * https://www.thelanby.com/

Transcript

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0:00.0	If you're already doubting having doubts or imposter syndrome,
0:03.4	that's you doing self-talk in your head that you're not the best,
0:06.2	that you're not good enough, that you're not whatever.
0:08.3	Well, then maybe you should replace that with something that says,
0:11.0	I am the best, right?
0:12.0	So that's where I got over the like,
0:14.1	uh, this kind of just like, you know, cheesy voodoo shit.
0:18.1	And I was like, well, no, because there is self-talking
0:20.9	that happening no matter what.
0:22.1	It's either going to be negative or it's going to be positive.
0:24.9	I might as well actively make it positive.
0:26.8	Yeah.
0:27.8	I feel like I could rule the world.
0:30.7	I know I could be what I want to put my all in it like a days.
0:35.6	Oh, on a road.
0:36.7	Let's travel never looking back.
0:38.4	Hey, what's going on, everyone?
0:39.2	We've got a good episode.
0:40.3	But before we get to it, we've been releasing these new episodes
0:44.1	called greatest hits.
0:45.2	They're actually not new to the world, but they might be new to you.
0:48.8	But basically, uh, before we started doing the podcast as it is now,
	...

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