228: John Lee Dumas: Ignite Your Life and Live Your Dreams

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John Lee Dumas is the host of the wildly successful 7-day podcast, Entrepreneur on Fire, and creator of several high level masterminds and business courses for aspiring entrepreneurs and podcasters. John has created a multimillion dollar company with Entrepreneur on Fire and continues to grow his brand and business with books, courses, and seminars.

Favorite Success Quote

“Try not to become a person of success but rather a person of value”~Albert Einstein

Key Points

1. Work on Being of Value

So often in today’s society and achievement driven market place, we focus so heavily on being a man of success that we forget to be a man of value.

We worry more about how others perceive us and how our possessions are ranked against other men that we never pause and slow down to realize that the important thing is who you are and not what you have.

So focus on being a man of value, a man of character, of honesty, of kindness, and compassion, and everything else will follow.

2. Embrace the 7-2 Lifestyle 

If you want to experience financial freedom and really live the life of your dreams, you need to get on your grind and embrace the 7-2 lifestyle. Aka working from 7 p.m. to 2 a.m.

If you have a family, with bills, a house and all the other bells and whistles and you aren’t pleased with where you are, then investing your time in the evenings on your side hustle is truly the best way to escape the grind and achieve the financial freedom you desire.

3. Provide Great Value and the Money will Come 

Most of us who start businesses expect to see revenue flow immediately, however, this is almost never the case. If you want to build a kickass income online, then you have to start with offering kickass value for free to your audience.

You have to give away your best work, build trust and get raving fans, and after a period of time (it took John 9 months of daily podcasts before he made any income) you will reap the financial rewards.

4. Invest in Yourself and Get Out of Your Comfort Zone

People will often say that once they are successful, then they will start investing in themselves, in their health, their knowledge, their abilities etc. however the truth is that you will never achieve any real success until you start investing in yourself and getting outside of your comfort zone.

The quickest way to ensure financial freedom and success is through massive personal development, because their is rarely a man who’s income exceeds his level of personal development.

Realize that this doesn’t have to be expensive either. You can rent a book from a library, find old personal growth tapes online, take cold showers, journal, or even use your work as a way to grow your patience and tenacity. Do whatever you have to do, but keep on growing.

5. Balance is Key

For type-A “alpha” males, taking time off and balancing their work and life is often difficult. It’s difficult to make time for yourself, to just allow yourself to relax and watch TV or go out at the end of the day, but it is necessary.

Unless you are a somewhat crazy, Gary Vaynerchuk type guy who derives all of his fulfillment from work and achievement, taking time for yourself and taking time to build relationships and fun into your life is a must.

So treat yo’self and just relax.

Influential Books

1. The Slight Edge by Jeff Olson

2. The Compound Effect by Darren Hardy

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Connect with John Lee Dumas

http://www.eofire.com/

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