The 2 Things You Need for Success | Jay Samit on Impact Theory

Published: March 30, 2021, 12:30 p.m.

In this episode, Jay Samit reveals his latest book, Future Proofing You, and the experiment he ran with a young kid from the UK. He mentored this kid once a week and watched him go from nearly homeless to millionaire in his experiment to show this is possible for anyone regardless of your resources. In this interview, Jay uncovers his belief that you don\u2019t need degrees, capital and major connections to become a successful millionaire. Starting your business by looking for the void to fill in a very specific area that allows you to be the best in the world with no competition is a possibility that is accessible to you right now. This episode provides a tactical look at what you can do to start crafting the right situation and the right deal structure you need to succeed.\xa0Order the new book\xa0from Jay Samit: https://www.amazon.com/Future-Proofing-You-Opportunity-Controlling/dp/1119772060/ref\n\nSHOW NOTES:\xa0\nThe Experiment | Jay mentors a disadvantaged person from homeless to millionaire [2:28]\n2 Things for Success | Jay shares the two things he believes you\u2019ll need for success [6:11]\nMindset | Jay discusses how education is stifling mindset [8:12]\nCompetition | Jay explains how to be the best in the world with no competition\xa0[10:03]\nFill a Void | Jay shares how Vin created a case study and niched a void [10:57]\nPygmalion effect | How Jay\u2019s case study started with a lie to prove a point [13:38]\nMentors | Jay reveals the importance of mentors in business and how to find them [15:54]\nInsight | Why your insight to solve a problem leads to joy [17:26]\nIdentity | Your identity and company identity must be separate identities [19:35]\nAppearance | Jay on why you need to look like your customer [21:20]\nNot Knowing | Jay explains the power of knowing what you don\u2019t know [23:23]\n1st Customer | Jay shares tip for getting your first customer [24:32]\nThe Right Client | Jay describes who the client for you is [29:28]\nBreaking Plateaus | Jay talks about the hardships and difficulties to push through [31:20]\nRevenue Streams | Manage unforeseen stress easier with multiple streams of revenue [32:21]\nDeal Structure | Jay explains why a solid foundation can rebuild business [35:38]\nCultivate Purpose | Jay shares that you cultivate purpose when you help others [42:59]\xa0\n\nCheck out our Sponsors\nBetter Help: Get 10% off your first month at https://betterhelp.com/impacttheory\nMindPump: Download their FREE guide at fatlossimpact.com\nTheragun: Try Theragun for 30 days starting at only $199. Go to Theragun.com/IMPACT and get your Gen 4 Theragun.\nGrammarly: Get 20% off Grammarly Premium when you sign up using your desktop or laptop computer by visiting grammarly.com/TOM\n\nAre You Ready for EXTRA Impact?\nIf you\u2019re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.\nThis is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.\nSubscription Benefits:\n\nUnlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more\n\nNew episodes delivered ad-free\n\nExclusive access to Tom\u2019s AMAs, keynote speeches, and suggestions from his personal reading list\n\nYou\u2019ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:\n\n\nLegendary Mindset: Mindset & Self-Improvement\n\n\nMoney Mindset: Business & Finance\n\n\nRelationship Theory: Relationships\n\n\nHealth Theory: Mental & Physical Health\n\n\nPower Ups: Weekly Doses of Short Motivational Quotes\xa0\n\nSubscribe on Apple Podcasts: https://apple.co/3PCvJaz\nSubscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/\nLearn more about your ad choices. Visit megaphone.fm/adchoices