MB295: Become a Person of Value, Achieve Success – With John Lee Dumas
John Lee Dumas spent the first 32 years of his life chasing the almighty dollar—with little success. But when he took Albert Einstein’s advice and decided to become a man of value, that’s when JLD got a taste of success.
JLD is the host of the award-winning podcast Entrepreneurs on Fire, which has racked up over 100M listens and 3K five-star reviews since its launch in 2012. Through EOF, he has interviewed more than 3K of the world’s most successful entrepreneurs, delivering the inspiration and strategies listeners need to FIRE UP their own entrepreneurial journey. JLD is also the author of The Common Path to Uncommon Success: A Roadmap to Financial Freedom and Fulfillment.
On this episode of Financial Freedom with Real Estate Investing, JLD joins cohost Garrett Lynch and me to discuss his early struggle to succeed and explain how he approaches the podcast as a way to provide value. He reflects on the powerful combination between hard work and passion, sharing the lessons he’s learned from elite entrepreneurs around productivity, discipline and focusing on one path to success. Listen in for JLD’s method of deciding which opportunities to pursue (investment and otherwise) and find out how achieving financial freedom can help YOU bring big-time value to the world.
Key TakeawaysWhy JLD struggled to succeed prior to EOF
- Dealt with PTSD after tour in Iraq
- Chase success vs. provide value
JLD’s short career in commercial real estate
- Commit to one year as junior broker
- Felt no excitement for closing deals
JLD’s approach to starting the podcast
- Think long-term and be patient
- 18-month window to earn revenue
Why hard work isn’t enough to succeed
- Hard work + passion win every time
- Grow to love things you’re good at
Why financial freedom is important to JLD
- Utility of money brings joy
- Lack causes anxiety and overwhelm
The key themes in The Common Path...
- Steps to make more than you spend
- Become #1 solution to real problem
What JLD is investing in right now
- Cryptocurrency and NFTs
- Angel invest in startups
JLD’s top takeaways from 3K interviews
- Focus on producing right content
- Discipline to execute on plan
- Focus on one course to success
How JLD picks what opportunities to pursue
- If it’s not a hell yes, it’s a no
- Miss great opportunities if plate full
How JLD decides what to invest in
- Research and find mentors in space
- Believe in value company brings
Connect with John Lee Dumas
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