Making Money by Giving it AWAY with Spencer Vann
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 2 August 2022
⏱️ 25 minutes
🧾️ Download transcript
Summary
At 15 years old Spencer Vann shattered his ankle playing basketball, and his entire identity of being a basketball player was gone. Very soon after recovering Spencer began attending local business/real estate meetups, where he went on to meet David Church. David taught Spencer about a secret way to make money called Surplus Funds, Which is essentially where you can make money by giving money away.
Top 3 Value Bombs:
1. Come in open and ready to learn. You may think you already learned a lot. Take a step back and ready to learn when there's an opportunity.
2. Banks get rid of the excess money to the state from foreclosed properties. There's an opportunity there to come in and get the money back to someone who needs it and have an estate to restart their life with.
3. While we know that you can do everything in this world. You can even represent yourself in court. But the reality is, most people don't have the specialized knowledge to do things.
Visit Spencer's YouTube channel and access a ton of free training about surplus funds - Spencer Vann's YouTube Channel
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Thrivetime Show: Is this your year? Visit ThrivetimeShow.com/eofire to see how Clay Clark's business coaching helps thousands of entrepreneurs to dramatically increase profitability.
Transcript
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| 0:00.0 | Who's ready to rock today, Fire Nation, JLD here, and welcome to Entrepreneurs on Fire, |
| 0:07.8 | brought to you by the HubSpot podcast Network with great shows like MarTech. |
| 0:12.3 | Today, we'll be sharing a process of making money by giving it away. |
| 0:16.6 | To drop these value bombs, I have brought Spencer Van into EO Fire Studios. |
| 0:20.6 | At 15 years old, Spencer shattered his ankle playing basketball, |
| 0:24.6 | and his entire identity of being a basketball player was gone. |
| 0:28.3 | Very soon after recovering, Spencer began attending local business and real estate meetups, |
| 0:32.6 | where he went on to meet David Church. |
| 0:35.1 | David taught Spencer about a secret way to make money called surplus funds, |
| 0:39.1 | which is essentially where you can make money by giving money away. |
| 0:43.2 | Now, Fire Nation, we'll talk about surplus funds, we'll talk about the functionality, |
| 0:47.3 | we'll talk about how this is different from typical real estate investing, |
| 0:51.8 | and so much more. |
| 0:53.1 | When we get back from thinking our sponsors, |
| 0:56.3 | is this your year, visit thrivetimeshow.com slash EO Fire, |
| 1:01.2 | to see how Clay Clark's business coaching helps thousands of entrepreneurs |
| 1:04.4 | to dramatically increase profitability. |
| 1:06.5 | It's month to month and less money than hiring an average minimum wage employee, |
| 1:10.4 | schedule your free consultation today at thrivetimeshow.com slash EO Fire. |
| 1:16.4 | Discover the secrets and strategies to turn your content into profit |
| 1:20.6 | with host Luis Infanzi-Kamejo, as they discuss topics like |
| 1:25.0 | the How to Be Nice Principle, that's costing you a fortune. |
... |
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