Discover the dynamics of turning public speaking into a lucrative career with "The Money Mondays" podcast, featuring speakers Travis Lubinsky, Dan Fleyshman, Mike Holston, and James Malinchak. In their discussion, the speakers unpack the nuances of building a personal brand and mastering effective business strategies. They explore foundational elements of crafting a speaking business, from identifying your market to setting strategic income goals. Malinchak, a successful "Big Money Speaker," shares his insights on leveraging social media to scale your enterprise, while Lubinsky shares a personal narrative on audience building.
Diving into the realm of investments and finance, the episode unfolds valuable advice on managing and growing wealth. While navigating fears around public speaking, listeners glean strategies for reframing their mindset, as suggested by Malinchak, to transform apprehension into an opportunity to inspire. Further enriching the discussion is the concept of integrating philanthropy within financial planning. Each speaker draws on their experience to highlight the multi-faceted approach to investments and the profound impact of incorporating charitable actions into business models, as seen in the "Wild Jungle" brand, hence illustrating the idea that success and generosity can go hand-in-hand.
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Experts like James Malinchak offer a framework for initiating and growing a speaking business which involves strategic development and understanding the financial and social aspects of public speaking. Identifying the right market, aligning your message, and determining appropriate fees are crucial in presenting oneself as an appealing speaker to event coordinators. Malinchak advises the use of mentorship to navigate the industry efficiently and avoid common pitfalls. Additionally, leveraging social media is vital for personal branding. Strategies such as Travis Lubinsky's anecdote and Mike Holston's emphasis on consistency underscore the importance of building an audience online. Malinchak himself exemplifies this through his "Big Money Speaker" brand. He advocates setting income goals and selling expertise through coaching and educational programs to work smarter, not harder, highlighting the potential to scale a speaking business effectively.
The fear of public speaking is common, but James Malinchak suggests that it can be conquered by changing one's perspective. Viewing speaking opportunities as a chance to inspire rather than a task to be feared can alter the whole experience. Malinchak advises speakers to thoroughly understand their content which allows them to concentrate on serving their audience instead of battling their nerves. This preparation transforms the speaker's focus from self-consciousness to the message being delivered, effectively reducing anxiety and promoting a service-oriented mindset.
James Malinchak, Dan Fleyshman, and Travis Lubinsky impart wisdom on wealth management and investment strategies while highlighting the value of philanthropy in finance. Malinchak advocates for the practice of continuing to save even after debts are cleared, recommending that debt repayments be directed into investments. Fleyshman presents a calculated risk allocation strategy, advising on the distribution of investments across low, medium, and high-risk categories. Low-risk investments include mutual funds and S&P 500 analogs, medium-risk involves real estate and stocks of established companies, while high-risk covers ventures like angel investing and cryptocurrencies. Travis Lubinsky discusses the scale-up of his real estate business through Airbnb rentals and potential future growth from mergers and acquisitions.
Charitable giving is emphasized as a core part of financial strategy. Lubinsky shares how integrating charity into his business model aided growth and branding, while Malinchak speaks on sizable anonymous donations and their impacts. Both Lubinsky and Malinchak illustrate incorporating philanthropy into commerce. Their Wild Jungle brand campaign furthers this idea, with proceeds supporting animal rescue efforts. All investments and financial practices are tied to the powerful notion that generosity can yield profound satisfaction and purpose, as expressed through the Tony Robbins quote, "the secret to living is giving," which Malinchak exemplifies in his appearance on ABC's "Secret Millionaire."
1-Page Summary
James Malinchak and other experts provide valuable insights into starting and scaling a speaking business. From understanding the financial intricacies of speaking engagements to leveraging social media for personal branding, there's a roadmap presented for aspiring and current speakers to develop their businesses strategically.
James Malinchak underscores the importance of understanding the speaking business beyond having a catchy message. Malinchak identifies that a common mistake is crafting a message before understanding what event coordinators with budgets seek in a speaker. In the same vein, he advises market research to identify preferred topics and expected fees. By aligning messages and fees with market expectations, speakers can position themselves attractively to potential clients.
Malinchak emphasizes the value of mentorship to drastically shorten the learning curve. He points to successful people across various fields who employ coaches to hone their skills. Having a mentor or coach who has achieved what you’re aiming for can be instrumental in navigating the speaking industry successfully.
Social media is instrumental in building a personal brand. Travis Lubinsky shares an anecdote to illustrate the power of personal branding, and Mike Holston emphasizes the importance of not being emotionally attached to social media metrics but instead focusing on consistency and the message. Malinchak has created a brand, "Big Money Speaker," in direct response to how his followers described his offerings, showcasing how personal branding resonates with and grows an audience.
Malinchak cham ...
Building Your Speaking Business
Public speaking can be a source of anxiety for many, but with the right mindset and preparation, it can become an opportunity to inspire and serve others.
Malinchak emphasizes that a key strategy in overcoming the fear of public speaking is to reframe the act of speaking itself. Rather than seeing it as a scary performance, it should be viewed as an opportunity to inspire, bless, and uplift the audience. This shift in perspective can fundamentally change the speaker's disposition, turning anxiety into excitement and fear into a passion for sharing a message.
Knowing your content inside and out is vital, Malinchak explains, likening your presentation to a script that, when well-rehearsed, allows you to focus on the message rather than ...
Overcoming the Fear of Public Speaking
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James Malinchak, Dan Fleyshman, and Travis Lubinsky offer insights into effective strategies for managing and growing wealth, with an emphasis on the integration of philanthropy into one’s financial practices.
James Malinchak stresses the importance of rapidly paying off debts to avoid their potential negative consequences. Following his mentor's advice, after clearing his own mortgage and car loan, Malinchak did not merely enjoy the surplus. Instead, he redirected equivalent payments into his investment account, ensuring consistency in building his savings.
For risk allocation, Dan Fleyshman explains his structured 40-40-20 investment strategy—40% low risk, 40% medium risk, and 20% high risk. The low-risk category, with returns of 5-9% annually, includes options like mutual funds, CDs, and investments analogous to the S&P 500. For medium risks aiming at 10-30% returns, he turns to real estate, stocks of established companies, and cash-flowing businesses. High-risk ventures like angel investing and cryptocurrency, specifically Bitcoin—the top asset over the past 14 years—are deemed more precarious due to their unpredictability.
Fleyshman cautions that low-risk investments, despite their safety, produce slow growth, making wealth accumulation challenging. At the same time, medium-risk endeavors, he warns, could lead to overworking from potential losses. As for high-risk investments, he advises against jumping in fully—successes here may be erratic and not genuine indicators of investing acumen.
Travis Lubinsky enters the investment conversation via real estate, detailing how he and his business partner repurposed a historic building in San Diego to feature a restaurant with Airbnb rental spaces above. This approach has proven scalable, with aims to expand to over 100 homes through their venture, Experientials. There’s also mention of M&A potentials associated with the company, indicating growth and consolidation opportunities.
Lubinsky recounts starting Flex Watches, a company that integrates charitable partnerships relating to diverse causes, each represented by a different colored watch, reminiscent of Livestrong bracelets and Tom Shoes’ business models. Revealing the impact of charity on business growth and branding, Lubinsky shares Flex Watches' specific aid, such as funding children's meal programs and constructing a community center in Rojo Gomez.
Similarly, Malinchak embodies the philanthropic spirit, discussing his anonymous donations, sometimes exceeding $100,000, ...
Investing Your Money
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