Capitalism.com with Ryan Daniel Moran

Many of Ryan’s students have successfully built businesses that they have then sold for millions of dollars. When you’re suddenly endowed with that much cash, what do you do with it? It’s prudent to invest, but there are so many options... how do you know which are the best not only for the sake of security but also for the sake of continued growth of your assets? On this episode of Freedom Fast Lane, Ryan chats with Sam Prentice of Wealthpoint, a company that offers life insurance policies that are also assets in their own right. It may sound strange but once you hear this episode you’ll understand how it could be one of the smartest investment decisions you could ever make.

Imagine an asset with a limited downside that continues to grow even when you borrow against it.

In this conversation, Ryan chats with Sam Prentice of Wealthpoint to find out what infinite banking is all about. Ryan is interested because he’s had some bad experiences with insurance companies before regarding this kind of policy and he wants to know the truth about how it is supposed to work and why it is a good tool for investing. Ryan does his best throughout the conversation to stop for clarification and to keep things simple so you’re likely to get a lot out of the episode. Be sure you listen.

What if you could have an investment that will never go south when the economy does?

The type of insurance policy typically referred to as “infinite banking” is one that has incredible tax benefits but is also set up so that it earns better than average interest. But what happens if the markets go south? In that case, the policy will never lose money, plain and simple. So if interest rates drop into negative ranges the cash in this type of policy will remain safe. No worrying about losing money. And when the market turns around, your policy goes back into its steady climb. Ryan and Sam go into detail about how infinite banking policies work, on this episode, so don’t miss it.

Why is infinite banking called infinite banking?

While today’s guest, Sam Prentice, doesn’t like to use the term “infinite banking,” he does explain why the insurance product he’s describing often bears that name. The insurance policies at the heart of these financial instruments are two-part investments. One is a “death benefit” of sorts that pays out like a typical life insurance policy, should you die. The other is an account that can be borrowed against, in the amount of the insurance policy. Funds borrowed can then be used to purchase other investments while the original policy itself earns interest at a better than average rate. It sounds too good to be true, but is a real thing. You can find out more on this episode.

What could go wrong in an infinite banking arrangement? What are the risks?

When you hear financial tools like infinite banking discussed it can sound too good to be true. That naturally leads you to ask, “What is the downside?” Ryan was very careful to make sure that his guest, Sam Prentice answers that question clearly. Sam says there are 3 main risks to an infinite banking policy, the first one being that should the insurance carrier that holds the policy go under, your investment will be gone. But the chances of that happening are very remote according to Sam. If you’d like to hear the other two risks associated with this type of investment, you need to hear this conversation.

Outline Of This Great Episode

  • [0:22] Who is Sam Prentice and how Ryan has vetted him and his company.
  • [2:20] Ryan’s definition of “infinite banking” and how it can be used for tax-free investing.
  • [7:14] Why people use this approach to invest and save on taxes.
  • [8:45] The tax benefits and 2 ways these accounts can grow.
  • [11:40] How does the cash value of the life insurance policy grow?
  • [16:57] Why is it called “infinite banking?”
  • [24:20] Why diversifying over asset classes is key for building wealth.
  • [31:10] Ryan’s simple version of this this vehicle works.
  • [33:31] Leveraging this asset in a variety of ways at the same time.
  • [37:18] At what point should you consider this sort of investment vehicle?
  • [40:25] What’s the worst-case scenario for this financial instrument?
  • [47:35] The best way for you to connect with Sam’s company.
  • [50:01] Additional questions Ryan will be asking Sam in the future.

Action Steps From This Episode

FOR GETTING STARTED: Consider the cash you have on hand to invest - and how you can best leverage that cash for wealth building instead of just saving. Once you’re ready to do more with the money you’ve earned you are able to consider the advantages of tax strategies and investment instruments like Sam and Ryan discussed on this episode.

FOR GREATER SUCCESS: Consider one of these “infinite banking” accounts as a way to not only have a tangible asset that banks will view very favorably when it comes to lending, but also how you can use the loan to invest in real estate and other assets that provide even more ability to build wealth.

Connect With Today’s guest: Sam Prentice

Connect With Freedom Fast Lane

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Direct download: FFL-Sam-Prentice.mp3
Category:general -- posted at: 6:00am EDT

Direct download: wholefoods.mp3
Category:general -- posted at: 4:21pm EDT

The Freedom Fast Lane LIVE events are an amazing opportunity for you to get connected with high level entrepreneurs, people who are working to build a business for themselves (just like you), and everything in between. One of the things you’ll benefit from most is sessions like this one, where those who have experienced incredible ultimate success, John Mackey in this case, share practical thoughts and strategies to help those who attend. You’ll get a lot of value from hearing John’s story in building Whole Foods to the incredible company it is today, what money is and what it’s used for, and why capitalism is not the evil thing many people portray it to be. You won’t want to miss this episode.

A clear purpose brings out the haters. Here’s how Whole Foods has handled it.

During this conversation between Ryan and his guest, John Mackey the topic of haters was brought up, and John had some great ideas to share. He points out that any time you are successful you will become noticed by both the purists and opponents - and both can become quite a thorn in your side. During this Q&A from Freedom Fast Lane LIVE, John shares how Whole Foods has navigated the waters of opposition that come from the success the company has enjoyed. John is a great voice of wisdom for you, so be sure you listen.

Connect With Today’s guest: JOHN MACKEY

Website: John’s Blog

Resources Mentioned On This Episode

Connect With Freedom Fast Lane Live

Website: www.FreedomFastLane.com On Youtube On Facebook On Twitter On Google Plus On LinkedIn On Instagram

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Direct download: FFL-John20Mackey.mp3
Category:general -- posted at: 6:00am EDT

Everyone doing business these days owes it to themselves to understand how digital marketing works. It’s the knowledge that will enable you to reach your niche audience and ideal customers where they are - online. There’s nobody who knows how digital marketing works than Ryan Deiss. Ryan is the founder and CEO of DigitalMarketer, a company that has invested over $15,000,000 on marketing tests, generated tens of millions of unique visitors, sent well over a BILLION emails, and run approximately 3,000 split and multi-variant tests. He’s got the data to tell us exactly how digital marketing works - and on this episode, he’s answering specific questions about how to get started with effective digital marketing. Interested?

If you don’t have a relationship with your end customer, you don’t have a business - you’re a wholesaler.

Ryan Deiss says that digital marketing works best over the long haul when it is focused on building a relationship with the people who are interested in your products, not simply by writing schmoozy content that cleverly gets a sale. Relationships are what build a loyal following that translates into recurring sales. Just look at the comparison between how you perceive Microsoft VS Apple. It’s a tired example but nevertheless, it makes the point. You want your brand to be perceived as friendly and warm - as soul-ish and connecting. Ryan and Ryan chat about the specifics of what it takes to make that happen, in this Q&A session from Freedom Fast Lane LIVE.

Connect With Today’s guest: Ryan Deiss

Website: https://www.digitalmarketer.com/author/ryan-deiss/

On Twitter

On Facebook

On LinkedIn

Connect With Freedom Fast Lane Live

Website: www.FreedomFastLane.com On Youtube On Facebook On Twitter On Google Plus On LinkedIn On Instagram

Subscribe to Freedom Fast Lane

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Direct download: FFL-6-15-201720Ryan20Deiss.mp3
Category:general -- posted at: 6:00am EDT

Most of you know that Ryan got his start by learning how to sell on Amazon. Since that time he's branched out into all sorts of more complicated and nuanced business tactics. But emails continue to be received by the Freedom Fast Lane team asking for specifics about how to get started selling on Amazon like Ryan did. So, he thought it would be helpful to give you some clear, free advice on how to make that process happen. This episode is that - your 101 course on how to start selling on Amazon and set yourself up to branch out from there. Ryan doesn’t skip anything in this step-by-step tutorial so if you’re interested in the Amazon private label model, this is your episode.

Don’t ask what product you should sell on Amazon. Ask what business you should be in.

When you first get started doing product research it’s easy to get yourself into a wrong way of thinking. You start to think only in terms of potentially profitable products - but you can’t do that and expect to be successful over the long-term. Think about what business you want to be in, not what products you can sell. If your approach is not bigger than a product, you’ll lose enthusiasm and run out of steam when it comes to sales - simply because you don’t really HAVE anything bigger to offer the customers you are serving. On this episode, Ryan walks you through why this mindset shift is so vital and how you can take steps to ensure you approach things correctly - so be sure you listen.

Don’t consider Amazon sales to be your business. Look at Amazon as a launching point.

The reason selling on Amazon is so effective at building a customer base quickly is because Amazon has already done the hard work of gathering an avid group of consumers. You get to tap into that resource in order to sell your products to ready buyers. That fact makes it easy to think that Amazon is all you need. But you have to remember that you’re playing on someone else’s playground. Amazon can change their guidelines at any time and you will be the one who is hurt. Ryan addresses how you should use Amazon to get started on this episode - so that you can build something bigger that can last longer and serve more people in the long run.

Why you don’t want to sell on Amazon in a niche that is brand-driven.

When doing product research it’s easy to get excited when you find a product type that’s selling bazillions of units per day. But you have to be careful if you want to make the wisest choice. If the niche you’re considering is brand-driven - for example, headphone sales are dominated by the big brands like Beats and Bose - then you probably want to steer clear. Most people don’t have a chance of beating out competition like that simply because they have the budget to outspend you in order to stay on top. Find out how Ryan suggests you do product research the right way, on this episode.

Find an audience of ready buyers so you can have a successful launch.

Once you’ve done your product research and have found your supplier, there will come a point when your order is placed and products are being created and shipped. That span of time is what Ryan calls “the hump.” You could spend that time sitting around, impatiently waiting for your products to arrive - but Ryan suggests you make the best use of those weeks between product order and product delivery by finding and connecting with an audience of ready buyers for your product. There are many ways and places online you can do this - so don’t waste the opportunity to make your Amazon product launch more successful by priming the pump. Ryan tells you how he’s typically done that, on this episode.

Outline Of This Great Episode

  • [0:31] Ryan’s introduction to this “getting started” episode about Amazon sales.
  • [2:40] Two points to understand that will put you far ahead of everyone else.
  • [4:40] The “getting started” steps to take at first.
  • [6:54] The things to look at to see if a good product or niche idea is really a good idea.
  • [8:00] Criteria that you should consider when looking for the “perfect” product.
  • [10:39] Getting your product made and how to think about customization.
  • [15:20] Getting over the hump: Prepping for product launch while you wait on products.
  • [18:41] Taking a step back: Get your product setup on Amazon.
  • [22:15] Taking costs into consideration - you need around $5,000.
  • [25:10] It sounds incredibly simple, which is the beauty and frustration of this business model.
  • [29:50] The reasons it is a long-term game to sell on Amazon.

Action Steps From This Episode

FOR GETTING STARTED: Get your thinking straight. You need to be thinking about what business you want to be in, not what product you can sell. If it’s not bigger than a product, you’ll lose enthusiasm and you’ll run out of steam when it comes to sales.

FOR GREATER SUCCESS: During the “hump” after you’ve got your product ordered and are waiting for it to arrive, make the most of your time by finding and connecting with an audience of ready buyers for your product. There are many ways and places online you can do this - so don’t waste the opportunity to make your Amazon product launch more successful by priming the pump.

Resources Mentioned On This Episode

Connect With Freedom Fast Lane

Website: www.FreedomFastLane.com On Youtube On Facebook On Twitter On Google Plus On LinkedIn On Instagram

Subscribe to Freedom Fast Lane

Subscribe to the Freedom Fast Lane Podcast with Ryan Daniel Moran

Direct download: FFL-6-12-201720SELL20ON20AMAZON.mp3
Category:general -- posted at: 6:00am EDT

Insecurity is part of the human condition, so much so that if there was a drug that enabled people to overcome insecurity, it would be out of stock continually. We all hate insecurity but don’t know what to do about it. That’s why it’s a rare treat to hear someone like Sean Stephenson unravel the mystery. If you don’t know Sean, you need to. When he was born, doctors predicted he would not survive more than 24 hours because of a rare bone disorder, Osteogenesis Imperfecta, that stunted his growth and caused his bones to be extremely fragile. Despite the challenges he faced, he’s taken a stand against insecurity and has helped many others do the same. You can be among those he’s helped by listening to this inspiring episode.

Compare leads to Despair ~ Sean Stephenson

Sean Stephenson believes that one of the main reasons people struggle with insecurity is because they constantly compare themselves to others. My body is not as fit as his. I haven’t had the level of success she has. I’m not as pretty, or nice, or interesting, or funny - or whatever. You know how it goes. Sean says that one of the first steps we need to take in overcoming insecurity is refusing to compare ourselves to others. But in order to do that we have to understand something deeply personal - we were each made for a specific purpose that ONLY we can fulfill. Find out how Sean helps his clients understand themselves and live the life they were meant to live by hearing his responses in this Q&A session from Freedom Fast Lane LIVE 2016.

Sean Stephenson’s formula for beating insecurity: GAP vs FED.

When you focus on your goals, your appreciations, and your preferences, you will join the ranks of those who are crushing it in business and enjoying fulfillment in life. They are people who understand what they want, appreciate what they have, and pursue what they like. But when you focus on your fear, the things and people you envy, and the things you dislike - you will be miserable and unsuccessful. Sean tells some great personal stories and anecdotes from client experiences on this episode that will help you put these into a practical frame of reference so that you can see how to apply his GAP vs FED formula to your own life. Be sure to listen.

Insecurity will be your constant companion if you can’t control your internal climate.

When it comes to the WAY things happen in your life there is very little you can control. If you want to overcome insecurity you have to take your focus OFF those things - the things you can’t control - and put your focus on the things you can control - and those things are almost always internal. Sean Stephenson has encountered his share of obstacles, but he’s learned that in order to beat insecurity and accomplish the things he wants to accomplish he’s got to orient his inner world toward success and meaning - and only HE can do that for himself. This Q&A session from Freedom Fast Lane 2016 reveals how Sean overcomes his own insecurities - and what he does to help his clients overcome their own insecurities.

If fun is not a high priority, you are either burned out or burning out ~ Sean Stephenson.

There are serious things in life, things that require somber reflection and consideration. But not nearly as many as we think there are. Sean Stephenson says that one of the best ways to add more joy to your life is to ask yourself, “What’s funny about this?” As you learn to find humor in the challenges and joys alike, you’ll begin to actually enjoy the journey you are on - and from enjoyment, comes joy. You won’t want to miss this peek into what happened on stage at Freedom Fast Lane 2016, so be sure you listen.

Outline Of This Great Episode

  • [1:50] What Sean has seen come up as recurring insecurities among entrepreneurs.
  • [4:53] How do you practically follow your bliss? By making money doing it.
  • [12:00] How Sean pulls people from insecurity to purpose: GAP vs FED.
  • [18:07] Commitment precedes courage which precedes confidence.

Action Steps From This Episode

FOR GETTING STARTED: Compare leads to despair. That’s Sean Stephenson’s observation from watching with entrepreneurs worldwide. He wants you to keep your eyes on who YOU are and what YOU bring to the world. Quit looking at others, discover what you bring to the world, and get busy making it happen.

FOR GREATER SUCCESS: Put your attention on your goals, the things you appreciate, and the things you prefer. Those areas enable you to keep your eyes on what matters in a balanced way that won’t burn you out - or kill you. You’ll discover not only how to be successful but also how to be happy.

Connect with today’s guest: SEAN STEPHENSON

http://seanstephenson.com/

On Facebook

On Twitter

On Instagram

On YouTube

Connect With Freedom Fast Lane

Website: www.FreedomFastLane.com On Youtube On Facebook On Twitter On Google Plus On LinkedIn On Instagram

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Direct download: FFL-Sean-Stephenson.mp3
Category:general -- posted at: 12:00pm EDT

There are few people Ryan has learned from in his entrepreneurial journey who hold a place of high respect in his mind, on the same level as Dan Sullivan. Dan is one of the first long-distance mentors Ryan met on his entrepreneurial journey, and they met through one of Dan's older CD courses, “Pure Genius.” Dan’s influence on Ryan’s life has been immense and Ryan dreamed of the day he’d be able to present Dan to the FFL audience - and this is that day. On this episode, you’ll come to understand why Dan is such a powerful entrepreneurial coach as he and Ryan discuss politics, economics, history, the entrepreneurial brain, the true barometer of success, and much more.

What if your gauge of entrepreneurial success is all wrong?

Most of us who are entrepreneurs have come to believe that the real barometer of our success is the revenue we are able to generate. But Dan Sullivan says that’s the wrong metric to track if you want to know how successful an entrepreneur is. Instead, you need to look at how much freedom the person enjoys in life. It’s out of their sense of freedom that the entrepreneur is able to experience the energy and creativity that enables him/her to produce the products or services that benefit the people they serve. That is the true measure of success.

Why entrepreneurs set more people free than any other group.

We often consider national leaders or activists to be the people who are working the most to provide freedom to others. But Dan Sullivan says that he discovered long ago that entrepreneurs are the one class of people who truly enable others to be free. On this episode of Freedom Fast Lane, you will hear Dan and Ryan discuss why entrepreneurs are so effective at creating freedom and how their efforts provide more good to the world than most other areas of service. If you are an entrepreneur, you will be encouraged by what they have to share.

Self-imposed deadlines are what kill many entrepreneurs.

Time freedom is one of the most important commodities that any entrepreneur can have. But it is often the time sensitive issues that plague and overwhelm the average entrepreneur. On this episode, Dan Sullivan shares how most entrepreneurs set themselves up for failure by self-imposed deadlines that are neither wise nor productive. In the end, they wind up sapping their own energy and preventing themselves from accomplishing the very things they set out to do. There is a better way and on this episode, Dan Sullivan shares what it is.

Use your idea of the future for a target, but measure backward to know how far you've come.

Discouragement is plentiful on the entrepreneurial path, all of us have to face it from time to time. But Dan Sullivan says that many entrepreneurs discourage themselves by measuring their accomplishments according to the vision they have of the future rather than measuring according to how far they have come. He refers to that vision of who you want to be as “the gap” and on this episode of Freedom Fast Lane Dan explains how you can identify it, use it to your advantage, and stay encouraged on your entrepreneurial journey.

Outline Of This Great Episode

  • [0:24] Ryan’s introduction of his mentor, Dan Sullivan.
  • [5:54] Dan’s definition of capitalism.
  • [9:26] Why Dan believes that progressivism is on the way out.
  • [15:18] How entrepreneurs can stay focused on what is important and what is not.
  • [23:25] What can be done to unwind entrepreneurs who have become overwhelmed?
  • [33:30] Why does Elon Musk seem unhappy but Richard Branson seems happy?
  • [43:31] Dan’s thoughts about the entrepreneurial brain.
  • [50:25] Identifying the gap between who you are and who you think you should be.

Action Steps From This Episode

FOR GETTING STARTED: Identify the tasks and activities that energize and delght you the most and do what you can to build your business around those things. You'll wind up happier in the long run, which is what attracts customers the most. It's a win-win.

FOR GREATER SUCCESS: Measure your success by looking back on where you've come, not by looking forward at where you dreamed you would be.

Connect With Today’s guest: DAN SULLIVAN

Resources Mentioned On This Episode

Connect With Freedom Fast Lane

Website: www.FreedomFastLane.com On Youtube On Facebook On Twitter On Google Plus On LinkedIn On Instagram

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Direct download: FFL-Dan20Sullivan.mp3
Category:general -- posted at: 6:00am EDT

When it comes to accomplishing the things you really want to accomplish, the resources available to you are the same resources available to anyone you admire as a success. What makes the difference? They have learned the power of yes. They have learned how to act on the belief that every desire and every goal that comes into their consciousness is a big “yes” in terms of their ability. They don’t allow their natural doubts to hinder them from moving forward. They’ve also learned how to reframe obstacles, how to get their own mind out of the way and live according to who they were made to be. On this episode of Freedom Fast Lane, Guy and Ilan of Satori Prime bring you a fire hydrant of great mindset coaching to help you get out of your own mind and say "yes" to the opportunities for success that come into your life every day.

How many negative experiences in your life have become great learning experiences?

After the fact, we are able to see how the most excruciating times of our lives were used to teach us valuable lessons. They are the turning points, the pivotal moments that change the direction of our lives in significant ways. When you learn the power of yes, you are able to apply that wisdom to the negative situations you face every day. That means you have to draw on that wisdom to enable yourself to embrace the difficulties AS lessons, to face them with gratitude and positivity. You’ll discover that the power of yes, applied in that way, will enable you to glean even more insight and learning from those situations. Find out more about moving into the mindset that says "yes" from Guy and Ilan of Satori Prime, on this episode.

The more you get out of your mind, the more you can use the power of yes to succeed.

We spend far too much time analyzing. Don’t misunderstand: we need to think long and hard about the important strategies of business and decisions in life. But when we get stuck there, overanalyzing, we get bogged down in the minutia and miss the opportunity to live from a better place of freedom and inspiration. That’s where the power of yes comes in. Your success happens not only because of your careful analyzation and decisions - it also happens because you are present, ready to say “yes” to the opportunities that come your way and the nudges you feel about the direction you should go. Find out how the guys from Satori Prime understand and apply the power of yes, on this episode of Freedom Fast Lane.

Connect With Today’s guest: Guy and Ilan from SATORI PRIME

Website: https://satoriprime.com/

On Twitter

On Facebook

Resources Mentioned On This Episode

Connect With Freedom Fast Lane Live

Website: www.FreedomFastLane.com On Youtube On Facebook On Twitter On Google Plus On LinkedIn On Instagram

Subscribe to Freedom Fast Lane

Subscribe to the Freedom Fast Lane Podcast with Ryan Daniel Moran

Direct download: FFL-Power-of-Yes-Satori-Prime.mp3
Category:general -- posted at: 6:00am EDT

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