The Wealthiest People in the World Do This One Thing Only

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Marketing, Business, Careers

4.6 • 1.4K Ratings

🗓️ 28 July 2023

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In episode #2522, we reveal the one thing that the wealthiest people in the world do exclusively. Join us as we explore the common practice among the ultra-rich and discuss its impact on their success. Gain valuable insights into the mindset, habits, and strategies employed by these individuals to accumulate vast wealth. Whether you aspire to join the ranks of the wealthiest or simply seek inspiration for personal growth, this episode offers valuable lessons and actionable takeaways to help you on your journey to financial success. Tune in and discover the key to unlocking wealth in this enlightening episode. TIME-STAMPED SHOW NOTES: [00:00] Today’s topic: The Wealthiest People in the World Do This One Thing Only. [00:55] What wealthy and successful people all have in common. [02:12] How successful people expand their accumulated wealth. [02:47] An example of someone who built their wealth by focusing on a niche. [04:03] Successful people who have an investor mindset. [04:36] Focusing on a niche before expanding into new ventures. [04:50] Another commonality between successful people. [05:27] The advantages of entering a mass market. [05:53] That’s it for today! Don’t forget to rate, review, and subscribe! Go to https://www.marketingschool.io to learn more! Links Mentioned in Today’s Episode: Don’t forget to help us grow by subscribing and liking on YouTube! Sign up for the next Marketing Mastermind class on Leveling Up Founders Leave Some Feedback: What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review. Connect with Us: Single Grain << Eric’s ad agency NP Digital << Neil’s ad agency Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	The wealthiest people in the world do this one thing only.
0:04.0	So Neil, let's give some context here. So do you remember what we were talking about yesterday on the phone?
0:07.6	No, but if I had a guess I would say they focus.
0:10.4	Okay, so, well, don't ruin the punchline here.
0:13.0	If it's on YouTube, then retention drops to nothing.
0:15.0	So anyway, Neil man, we're talking on the phone yesterday and this is a long phone conversation.
0:20.0	You can see a lot of topics came from this one phone conversation.
0:23.0	I was kind of going on a rant.
0:24.2	It's like, you know, these people that start multiple things.
0:27.0	Neil's gone through this, like, you know, hosting business, this and that,
0:29.7	and like, me, SAS business, senior living business, this, this, this, right?
0:33.4	And then what ends up happening is, like,
0:35.1	those either are watching a video,
0:36.2	if you think of success as a circle,
0:38.2	you start in the middle of it, you can hit on any of,
0:40.8	like when you hit the edge of the circle,
0:42.3	whatever you call it, right right but if you go in a
0:44.4	straight line you're gonna get there faster but if you keep changing directions all the time
0:47.3	you're not gonna get there then Neil started giving some comparisons on like you know the
0:51.6	rich people that he knows right or the wealthy
0:53.4	people that he knows so Neil you want to go when I was looking at the
0:56.4	wealthiest people that I know they just make their money from one thing let's look at
	...

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