275: The Four Rules You Must Break to Get Rich with Nathan Latka
Achieve Your Goals with Hal Elrod
Hal Elrod
4.8 • 1.5K Ratings
🗓️ 12 June 2019
⏱️ 34 minutes
🧾️ Download transcript
Summary
Nathan Latka dropped out of college at the age of 19 with $119 in his bank account. Five years later, he sold his first software company for $10.5 million dollars. He's since launched The Top, a podcast with over 10 million downloads that helps entrepreneurs get what they want, founded a private equity company, and earns over $100,000 a month in passive income.
However, Nathan doesn't consider himself to be especially brilliant. In his new book, How To Be a Capitalist Without Any Capital: The Four Rules You Must Break To Get Rich, he explains why you don't need lots of money or an original idea to "get rich." He challenges the old-school business rules most entrepreneurs take for gospel and teaches—with pictures as proof—how he used a totally different set of rules to build a fortune. If you're an entrepreneur (or a wantrepreneur) today's episode is a must-listen.
Today, Nathan joins the podcast to share the story of how he launched and sold his first business after walking away from college, how he generates significant monthly passive income, and what's holding you back from achieving massive success.
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Transcript
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| 0:00.0 | Hello and welcome to the Achieve Your Goals podcast the show that empowers you to wake up to your full potential and achieve your biggest goals and dreams. I am your host Hal Elrod and I invite you to join us each week as we share actionable |
| 0:14.3 | strategies to take your life to the next level as well as interview world-class |
| 0:18.4 | experts and entrepreneurs who have achieved extraordinary goals themselves and we ask them to give you a |
| 0:24.0 | peek behind the curtain and teach you exactly what you need to do to do the same. |
| 0:27.7 | Ready, here we go. All right goal achievers you're here. I'm here. We're all here. This is Hal |
| 0:41.0 | Elrod. Welcome to the Achiever Goals podcast. Today is for This is how to be entrepreneurs. So if you know my audience our community is made up of about 80% |
| 0:56.3 | from our surveys we found about 80% of us identify ourselves as entrepreneurs or |
| 1:01.4 | entrepreneurs so either we are running a business we are starting a business or we aspire to |
| 1:07.2 | have the freedom of running our own business and that sort of thing. |
| 1:10.7 | So with that I bring on guests sometimes that are very entrepreneurial focused. |
| 1:14.6 | I'm also very sensitive to about 20 to 30% of our audience are a mix of college students |
| 1:20.0 | and stay-at-home moms and stay-at-home dads and you know retirees and grandma's and mom you know just the whole |
| 1:26.4 | gamut and so if you have no interest in entrepreneurship today's episode might not be |
| 1:31.3 | for you however I would imagine that the brilliant gentleman I am going to introduce you too, I kind of have no doubt that you can't not get value from our conversation today. |
| 1:41.0 | So who I am bringing on today, Nathan Lacta, dropped out of college. He |
| 1:44.8 | launched a software company, sold said company for 10.5 million dollars, I believe, |
| 1:49.8 | launched the top entrepreneurs podcast, which hit 10 million downloads. |
| 1:54.7 | He got a book deal and now he's focused on helping founders and entrepreneurs get what they want. |
| 1:59.7 | That's the short version and if I go in a little more depth it was 19 years old when |
| 2:04.6 | Nathan dropped out of college to found a software company he had a hundred and |
| 2:08.8 | nineteen dollars in his bank account all right just let that sink in 19 years old 119 mugs his bank account. All right? Just let that sink in. 19 years old, 119 mugs his bank count, five years later from zero or 119 to 10.5 million dollars is what his company was valued at. |
| 2:23.6 | And I know Nathan doesn't consider himself to be exceptionally brilliant. |
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