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Capitalism.com with Ryan Daniel Moran

#TBT Hal Elrod: What Cancer Taught Me About Money, Business, and Freedom

Capitalism.com with Ryan Daniel Moran

Capitalism.com

Entrepreneur, Amazon, Lifestyledesign, Investing, Startup, Ryandanielmoran, Finance, Cashflow, Freedomfastlane, Lifestyle, Business, Passiveincome, Financialfreedom, Entrepreneurship

4.8793 Ratings

🗓️ 9 May 2019

⏱️ 51 minutes

🧾️ Download transcript

Summary

Ryan talks with Hal Elrod about what life after cancer taught him and how we can all adopt these learnings, ensuring we focus on what’s important to us.

Key Takeaways

[:43] Ryan introduces his guest, Hal Elrod as well as why he thinks it’s important to hear his insights on life, success, money and how his battle with Cancer taught him.

 

[4:27] A year ago, Hal Elrod was diagnosed with acute lymphoblastic leukemia, a rare cancer with a 10% survival rate. He emerged on the other side of his worst and best year with a clean bill of health, and a fresh perspective on what is important.

[11:00] Hal shares a key aspect of what his brushes with death have taught him: if you cannot change something, there is no sense in wishing you could, or laying blame. The only thing you can do when you encounter a tragedy is to grieve but never to extend that to where it becomes detrimental to your mental and physical well being. Only you have power over your emotional states.

[13:10] Hal’s perception of life has changed through this experience with Cancer and the things you have to do to live your best life are as follows:

  1. 1. Identify what matters most to you and be clear on it
  2. 2. Evaluate how you are living in regards to what matters most
  3. 3. Commit to changing the things that don’t align (baby steps!)
  4. Hal shares his Unbearable, Uncomfortable, Unstoppable strategy for changing habits that don’t align, a bit later in the podcast.
  5. [14:40] Hal share the 2 things that matter most to him: health and relationships. He also dives deep into the evolution of his diet in the face of both his Cancer and new evidence from plant based to keto.
    Ryan and Hal discuss smoothie recipes!
  6. [20:00] Most entrepreneurs get their emotional needs met through money and work, especially when you love your work. During his time in the hospital, unable to work for weeks at a time, Hal realised that the most important thing for your family is your passive source of income. So to establish financial security, two things are important:
  1. 1. Have multiple sources of income. This means you have a contingency plan and financial security. If one stream of income crashes you have one to fall back on. What’s more, you are in a position to transition into that secondary income stream on a full-time basis.
  2. 2. Have a team in place who continues to drive your business ventures and ensures that income and revenue continues to go up.
  3. [28:22] Success if the freedom to do what you love with the people that you love. How do you get there? You give, for real. Hal shares a personal and very emotional story of how his perspective changed and how his son showed him the importance of being with the people you love in the way they need.
  4. [35:07] So how do you change the habits that don’t align with what matters most to you? The most effective way to change habits is to commit for 30 days and look at these 30 days as three 10 day phases. If you’re making a change that is going to be a game changer, can you bear anything for 10 days? The answer is always yes.
  5. Phase 1 (Days 1-10) Unbearable, this phase is is self explanatory, but you have to muscle through, sometimes though, the excitement will make it easier.
  6. Phase 2 (Days 11-20) Uncomfortable, The second 10 days are the transition phase where you’d rather do the old thing but have made the commitment.
  7. Phase 3 (Days 21-30) Unstoppable, The final 10 days are where the magic happens. Somewhere in those 10 days, you’ll go to do the new habit and it will be effortless. You won’t even think about it. There’s no resistance and you don’t have to overcome anything.
  8. [41:37] Ryan asks what Hal would tell his younger self:
  1. 1. You mean more than you think to your family
  2. 2. Look through the eyes of other people and be a better, father, husband, friend, boss, man.
  3. [47:10] Ryan reflects on what this conversation with Hal has brought him in terms of how he wants to show up in his own life and how his use of Tribe 5 has helped him grow.
  4. Mentioned in this episode
  5. The Miracle Morning
  6. Healing Cancer from Inside Out: A Practical Guide to Healing Cancer With the Rave Diet and Lifestyle by Mike Anderson
  7. Designs for Health
  8. Julian Bakery
  9. Psycho-Cybernetics: Updated and Expanded by Maxwell Maltz
  10. The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results by Gary Keller and Jay Papasan
  11. Eben Pagan Training
  12. Tribe 5

Transcript

Click on a timestamp to play from that location

0:00.0

getting clear on how I'm showing up for other people and then getting clear on how I can better

0:05.7

show up to meet their needs, exceed their expectations and be the better husband, a better father,

0:12.8

a better son, a better brother, a better friend, et cetera. And that has become the number one

0:18.7

focus after the cancer of my life and health being part of it

0:23.2

so that I can stay alive to continue doing all those things.

0:30.1

Hey, capitalists in traditional throwback Thursday fashion, we're re-releasing one of our most

0:36.8

popular episodes that we've had on

0:38.8

Capitalism.com. Enjoy.

0:43.1

Today you're going to meet someone who I have asked to keynote one of the days at the

0:48.0

Capitalism Conference, and his name is Hal Elrod. I've asked Hal to speak out one of the days at Capcom because Hal is a successful

0:57.8

entrepreneur who a year ago was diagnosed with a form of cancer where he was given a 90% chance

1:05.9

of dying. And during that time, he became very focused on what was important, very focused on how he needed to

1:14.0

change his life and his business, and he said that he had the best year of his life. Today, he's on

1:20.3

the other side of beating that cancer. And now that he is cancer-free and healthy, I'm personally

1:26.9

fascinated with what he has learned

1:29.0

about life.

1:30.1

I'm fascinated with how he looks at money and success, how his life view has changed as a result

1:37.8

of staring death in the face.

1:40.1

So I asked Hal to come on the show to give a bit of a preview of what he'll be talking about

1:44.7

at the capitalism conference.

1:46.5

So in this interview, we talk about what he's discovered is the most important thing in life.

1:51.2

We talked about what he wishes was different about his business and what he's glad he

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