Ramit Sethi: Must-Know Lessons About Money for Every Aspiring Creative

The Chase Jarvis LIVE Show

Chase Jarvis

Celebrity, Art, Career, Creativity, Money, Entrepreneurship, Self-improvement, Education, Careers, Writing, Interview, Investment, Influencer, Business, Photography

4.8 • 641 Ratings

🗓️ 2 August 2023

⏱️ 82 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Ramit Sethi shares his insights on entrepreneurship and business. Ramit is the founder and author of IWillTeachYouToBeRich.com, a blog on personal finance and personal entrepreneurship. He is also the co-founder and vice president of community marketing for PBwiki, a venture-backed Silicon Valley startup. Ramit and I discuss various topics related to entrepreneurship and business, including negotiating, creating value, and the Briefcase Technique. We also delve into why creatives often struggle with representing themselves and how they can overcome this. Additionally, we talk about focusing on business growth while maintaining a focus on craft and identifying customers with the ability and willingness to pay.

Some highlights we explore:

The importance of understanding the mindset of the other person in negotiations
How to illustrate the value that you bring to the client
The Briefcase Technique: showcasing your portfolio to blow clients' minds
Overcoming creatives' struggles with representing themselves
Balancing focus on craft with business growth
Maximizing earnings by identifying customers with the ability and willingness to pay

Enjoy!

Transcript

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0:00.0	It's easy to get comfortable doing what we know.
0:02.0	So, for example, if I can write really good blog posts, I could do that all day long.
0:06.0	But is that going to grow my business to where I want it to go?
0:08.0	And I see, like, a lot of my creative friends, they're like,
0:10.0	oh, I really need to get this new camera,
0:12.0	or I really need to spend another two years on this one piece of pixel perfection.
0:17.0	But really, does the client understand that? Does the average client that they're going after understand it?
0:25.8	All right, let me set the scene for today's episode.
0:27.9	First of all, in order to do that, I got to go back more than a decade.
0:31.9	Maybe I'm thinking like 12 years ago.
0:34.7	So I'm sitting on a bus as a small posse bus. We've all been gathered by our mutual friend, Tim Ferriss bus as a small, there's a small posse as we've all been
0:39.3	gathered by our mutual friend Tim Ferriss. And I'm sitting on a bus next to this guy named
0:43.3	Rameet. And we are busted to a secret location and we go off and have an amazing long weekend.
0:50.3	And as a precursor to this weekend, I'm on this bus with this cat, Rameet, and we start talking.
0:55.6	And let's just say we hit it off.
0:58.4	Now, you're probably, if you're not new to the show, you may be aware that I'm talking about
1:04.3	Ramit Setti.
1:05.3	Now, Rameet and I have become good friends, dear friends over the past.
1:08.9	Gosh, I don't know how long that's been. But again,
1:12.2	I like to frame today's show as a part of the summer school, 2023. If you're not familiar
1:19.4	again with that, that is a hand-created selection looking back over the past 13 years of the
1:24.9	podcast. I like to grab some of the most very impactful ones. In
	...

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