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Capitalism.com with Ryan Daniel Moran

#TBT - Only Invest In Multipliers: How To Quickly Multiply Your Success In Business

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

🗓️ 21 March 2019

⏱️ 25 minutes

🧾️ Download transcript

Summary

Are the things you are currently working on going to bring you the greatest long term results?

In this #ThrowbackThursday episode Ryan Daniel Moran shares the lessons he has learned about "multipliers", the things you can invest in that will compound your results. 

Transcript

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0:00.0

The things that really drive growth, the things that really determine if something is going to be a multiplier or not,

0:08.8

is when an activity falls into the area of being not urgent, but important.

0:21.1

These are the things we put off.

0:24.3

We put off creating that sales process.

0:28.3

We put off building our audience.

0:31.8

We put off launching the new product.

0:34.7

The things that are important but aren't urgent.

0:37.3

We put those off usually for the things that are important but aren't urgent. We put those off usually for the

0:39.8

things that are urgent, like that customer left a bad review, or I have this email that I've got

0:47.8

to send, or the website isn't working. These things that come up that are urgent, that appear important, but really don't drive the company forward.

1:04.3

Hey, capitalists, in traditional throwback Thursday fashion, we're re-releasing one of our most popular episodes that we've had on

1:13.0

Capitalism.com. Enjoy.

1:20.0

What's up, Fastlainers? Ryan Daniel Moran here. Welcome to Freedom Fastlane.

1:30.4

You caught me in a good mood today. There are just amazing things happening here at Freedom Fastlane at Capitalism.com. And I feel inspired to share a

1:39.6

message with you today about the idea of reserving your time and your investment for multipliers. Now,

1:47.3

multipliers is a term that I think I picked up from Dan Sullivan, who I think is one of the

1:52.9

smartest entrepreneurial thinkers alive. Maybe the smartest entrepreneurial thinker alive.

1:58.2

If you don't follow him, get all his podcasts, read all his books.

2:02.3

He's fantastic. I don't know where I picked up my definition of the word multiplier, but I wrote a

2:08.6

blog post over at freedomfastling.com recently where I made the argument that it is stupid to fund your

2:16.1

own inventory. So if you sell physical products, especially if you are

2:20.3

an Amazon.com seller, you should not be funding your own inventory. And the argument that I made

...

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