meta_pixel
Tapesearch Logo
Log in
Daily Boost Motivation and Coaching

Why Smart People Run Out of Money Before Success Arrives

Daily Boost Motivation and Coaching

Scott Smith

Health & Fitness, Education, Self-improvement

3.91.5K Ratings

🗓️ 19 March 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

Episode Description Are your dreams taking longer to achieve than you expected? In this eye-opening episode, Scott Smith shares a powerful mindset shift that could save you time, money, and heartache on your journey to success. Drawing from his experience with a struggling business client, Scott introduces his "learn, churn, and burn" formula—three critical questions you should answer before embarking on any significant venture. Whether you're growing a business, starting a side hustle, or pursuing any worthwhile goal, understanding your timeline for skill development, commitment, and resource depletion can be the difference between success and disappointment. Scott cuts through the motivational fluff and delivers the "coming of Jesus, kick-in-the-butt" truth about what it really takes to turn dreams into reality. This episode offers practical wisdom to help you create a realistic success timeline and focus your energy on the minimal viable actions that truly move the needle. Featured Story Scott shares the story of visiting a client whose new business was growing slower than expected, causing significant stress as money was running out. Through a series of strategic questions about skill acquisition, commitment timeframes, and resource management, Scott helped the client create a focused plan with a definite timeline. Within a few months, the client reached their goal and has maintained a successful business ever since. Key Takeaways Most people underestimate how long it takes to develop the skills needed for success Setting arbitrary deadlines for achievement often leads to failure Understanding exactly how long your resources will last is crucial for realistic planning The support of family members (especially spouses) is a critical resource often overlooked Creating a clear inventory of your situation allows you to develop a viable action plan It takes far less than most people think to achieve their goals when they focus their energy Any worthwhile project has a better chance of success with realistic process expectations Dreams require specific skill sets and mindsets to be achieved Memorable Quotes "Success is always bigger than failure." "It takes far less than you think to get what you want." "Any worthwhile project stands a far better chance of success if you are realistic about the process before you ever get started." Scott's Three-Step Approach Calculate your skill timeline: Honestly assess how long it will take you to learn the specific skills necessary for your particular goal or venture. Determine your commitment threshold: Decide exactly how long you're willing to "churn and work" at your goal before reaching your breaking point. Inventory your burn rate: Calculate precisely how long your resources (money, credit, favors, family support) will last, then create a minimal viable action plan that fits within these constraints. Connect With Scott Search for The Daily Boost on Apple Podcasts and Spotify. Email: [email protected] Main Site: https://motivationtomove.com Face Your Passion: https://www.faceyourpassion.com/ 9-Minute Clarity Code: https://www.9minuteclaritycode.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Let me take a minute to tell you about one of my favorite sponsors, Wonderful Pistachios.

0:04.8

I have been trimming down for the last month or so about 11 pounds now, and they are my go-to snack when I'm feeling hungry.

0:10.6

Wonderful pistachios is one of the highest protein nuts.

0:13.5

Each one ounce serving has six grams of protein, giving you over 10% of your daily value.

0:18.7

So twice a day, I measure an ounce because wonderful pistachios are known for their protein power, fiber,

0:24.5

and better for you unsaturated fats for a combination that may help you keep feeling full or longer.

0:29.5

That's what happens to me.

0:30.5

By the way, my dad introduced me to pistachios a long time ago, and he ate him by the bag.

0:34.8

It was crazy.

0:35.4

Crack them open one at a time.

0:36.8

He's what they call it purists. I'm not. I'm a convenience guy. So Wonderful Pistachios's newest product, unsalted,

0:42.2

no shells is my thing. Hold the salt, but not the flavor. Frankly, shelled or unshelled,

0:47.3

Wonderful Pistachios comes in a variety of flavors. If you haven't tried honey roasted, well, you need to try them. You should visit wonderfulpastasios.com

0:55.2

to learn more right now. I'm betting you'll have some in your pantry very soon.

1:00.1

Wonderfulpastasios.com. So let me tell you about my sponsor today. Up first from NPR.

1:06.0

We have all gotten so tired of the news lately. I mean, he's just tiring, but one of the great

1:09.6

things to come around is the podcast up first from NPR. Listen, if you listen to me, I know you want things to be more

1:16.3

positive, right? And that is the Up First podcast. I have this concept called The Glance. That's

1:21.4

where I glance at information very quickly and move on with my day. Up First does that for me.

1:25.9

No BS. It tells you everything you need in about

1:27.8

15 minutes. And the hosts are like wise friends who always know what's happening and don't make

1:32.3

you feel stupid for not knowing. Whether it's Trump drama, economic roller coasters, or

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Scott Smith, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Scott Smith and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.