Doug Goldstein is an investment advisor. He helps people around the world with their U.S. investment accounts. A bestselling author, he recently came out with The Constant Happiness Gratitude Journal.
3 Value Bombs
1) Have the things around you that make you happy; stop and take a minute to appreciate it. If you’re not doing that, you are missing out on the best present that we’ve all got, which is our lives. If we don’t appreciate everything along the way, we’re never going to be happy.
2) Find great people and bring them on board. If you have that entrepreneurial spirit, you will come up with a business and there are people out there who want to help you out.
3) Constant gratitude becomes a habit. Anything that you do over and over that makes you smile, you’ll just became a happier person.
**Click the time stamp to jump directly to that point in the episode.
Today’s Audio MASTERCLASS: Re-using your entrepreneurial skills to build amazing new businesses.
[1:09] – Doug shares something that he believes about becoming successful that most people disagree with.
- There is a huge loneliness that entrepreneurs experience, whether natural or something that people haven’t learned. Most people don’t appreciate the heart of an entrepreneur and they can’t relate to him/her.
[2:23] – Leveraging virtual team members to create new income streams.
- By writing a journal about the things you’re grateful for, that’s how you develop happiness.
- The best entrepreneurs focus on one thing that they do.
[5:41] – The dream of passive income is to delegate and automate everything. How are you able to prove to yourself that you can delegate almost everything?
- There’s a learning curve to give things away.
- At the end of the day, the number one thing you need to do is to speak with clients and speak with prospects.
[7:28] – The things that Doug delegates in his business every single day, and some tips and tactics that we can employ along this realm.
- He realized that if he’s the president of the company, all he has to do is to steer the ship and get other people to handle details.
- One of the tactics he uses is going to Upwork and looking at people who are available. That inspires him.
- Find great people and bring them on board. If you have that entrepreneurial spirit, you will come up with a business and there’s people out there who want to help you out.
[12:18] – How Doug uses his web design and his SEO skills.
- Even in the book, every word had to be something that would grab the attention of the reader.
- Using the skills he has learned, Doug was able to adapt the skills needed to write a book that will attract people because of the way it’s presented to them.
[14:42] – How can developing gratitude as a habit inspire us to create products that will truly help others.
- You have to walk outside and see what’s going on.
- 90% of Americans are not truly happy. Know what you can do to increase happiness.
- Constant gratitude becomes a habit. Anything that you do over and over that makes you smile, you’ll just became a happier person.
[16:43] – The Constant Happiness Gratitude Journal – what do we need to know and where can we get a copy?
- The Constant Happiness Gratitude Journal
- It’s a great gift for people because we all know someone who is not feeling his/her best. Once you started the journey, it will change your life.
- Have the things around you that make you happy, and stop and take a minute to appreciate it. If you’re not doing that, you are missing out on the best present that we’ve all got, which is our lives. If we don’t appreciate everything along the way, we’re never going to be happy.
Who's ready to rock today, Fire Nation. JLD here and welcome to Entrepreneurs On Fire brought to you by the HubSpot Podcast Network with great shows like the salesmen podcast today, we'll be focusing on reusing your entrepreneurial skills to building amazing new businesses to drop these value bombs. I have brought Doug Goldstein into EOFire studios. Doug is an investment advisor and helps people around the world with their us investment accounts. He's a best-selling author, and recently came out with the constant happiness gratitude journal and Fire Nation. Today we'll be talking about leveraging virtual team members to grow new income streams, passive income, daily gratitude, and so much more.
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0 (1m 29s):
Doug say what's up to Fire Nation and share something that you believe about becoming successful that most people disagree with.
1 (1m 39s):
Very happy to be here on Fire Nation. Welcome. Welcome to everyone. It's super to be back. One of the things I think that a lot of people believe about entrepreneurs is that once they hit their stride and they're doing really well, everyone thinks, well, everyone loves this guy has a lot of friends everyone's around him, but the fact is there is a huge amount of loneliness. I think that entrepreneurs have, because whether it's natural or something that people just haven't learned, most people don't appreciate the heart of an entrepreneur and therefore they can't relate to him or her. And therefore the entrepreneurs are kind of often stuck in their own little world, which by the way, John is really one of the, perhaps the reason I really like listening to entrepreneurs on fire, because I say, wait, these are all my friends.
1 (2m 23s):
These are the people that I hang out with. Even though, you know, it's just you talking to them
0 (2m 29s):
Exactly how I felt actually back in 2012, when I was listening to other podcasts or interviewing entrepreneurs, I'm like, these are my people. These are my friends. How do I talk to them? How do I actually engage them? How do I hang around with them more? So started a podcast in 3000 episodes later, I'm talking to you, Doug Goldstein and a life is good. So listen, brother. One thing that I admire about you is that you do a great job leveraging virtual team members to create not old, but new income streams. So for Fire Nation share examples of how you've done this.
1 (3m 1s):
Most recently, I was thinking about this concept of gratitude. And in fact, John, I will tell you again, you inspired me. You've, you've been a journaler for many, many years and you've managed spoken about, and you got people going. And I had like a certain take on it that I thought was different, which was, I thought that the concept of constant happiness was something that people should be talking about. My concern was people would write in their journal once a week, twice a week, once a night. And I wanted, I believe that by, by writing in a journal about your, your, the things you're grateful for, that's how you're going to develop happiness. So this was my idea and I decided, you know, I want to share this with people.
1 (3m 42s):
And I experimented and I, frankly, I experimented on myself a lot. And then I said, I'm gonna make this happen. What resources do I have? So having now been an entrepreneur for 30 years, my, my day job is that I'm an investment advisor, but I've, I've done a lot of, a lot of other entrepreneurial things let's say frequently around books, but, but the book is just the, the platform that I can launch an idea. So I said, I'm going to write the constant happiness gratitude journal, but who do I have to help me? And I have a whole list of people. I've got my video guy who was able to make fantastic videos about it. I have all my Fiverr and Upwork people and of course using and finding new ones. There was fantastic.
1 (4m 23s):
You know, in fact, John, when, when I wanted to do the, the internal layout for the book, I said, I'm just gonna hire two interior layout companies and see which one I liked best. Ooh, just the idea that I was able to, to have people around me who would be able to help me do everything that I shouldn't be doing. That's an eye opener. And I mean, you've spoken to many entrepreneurs and you know, it's so hard for them to give away the work cause they think, oh, only I can really do the layout because I understand, or the cover design or the writing or the editing. And that's just not true. Every, the best entrepreneurs focus on one thing that they do.
0 (4m 58s):
And this is a key takeaway in the world that we live in. Now, there are so many people out there who are raising their hands saying, I'm great at this one thing, this one thing, and guess what, in exchange for something called money, I will do this one thing for you. And I'm only good at a couple of things in this world, period, but guess what? I have a team around me and I've leveraged teams in people in virtual staff members, independent contractors to build the entire brand that I built and those journals that's, I've done that Douglas mentions, man, that I leverage a lot of people for that as well. I mean, think about the people that actually made the book and put the bindings together and did all this stuff and then shifted over here that the captain that was captaining the ship and, you know, getting it over to California, then the people that shipped it to the warehouse and the warehouse with it, unpacked it and got them all set up.
0 (5m 51s):
And then everything that Amazon's, I mean, think about everything that had to happen to allow me to just for some clicks. And a lot of time really have hundreds of thousands of journals available and distributed to people around this world. So the dream of passive income Doug is to delegate and automate everything. So talk specifically how you were able to prove to yourself that you can delegate almost
1 (6m 20s):
Everything in my core business, as an investment advisor, just like everyone who starts out, I was doing everything. Literally I was, I was plugging in the phones and setting up the phone system and running the computers. And once this is 20 something years ago that I was still doing this. And then one day I said, you know, I'm going to hire a computer guy. And the computer guy said to me, you know, I can handle your phones also. And I go, great. And in fact, the way I got my office manager, who's still with me decades later is she wrote to me, she goes, she said in the letter, you know, I've been following you for awhile. And it seems to me that I could be doing pretty much everything that you're doing except the financial advising. And it did take awhile. There is a learning curve to give it away.
1 (7m 1s):
But at the end of the day, I realized that the number one thing for me to do is speak with clients and speak with prospects, everything else, whether it's arranging those meetings, getting them to mail in their statements, filling in the documentation, the account, everything else is someone else's job. No one pays me to fill in an account for them. No, no one pays me at all and I'm not adding value. And every time I, I feel bad about it, I got to tell you every time I do something that that's not speaking to a client or prospect, I'm kind of ripping off my clients and prospects because they expect me. That's what they want me to be doing. They don't want to meet to be the guy who is figuring out why I have the blue screen of death on my, instead of just calling in the computer guy to come do it.
0 (7m 45s):
And this is just one example about ways you can delegate and automate, but let's kind of get into some, maybe more specific details. Like what are some things that you delegate in your business every single day, and also share some tips, some strategies, some tactics that Fire Nation can employ in their own business in their own life, along this,
1 (8m 5s):
I think like all entrepreneurs, I live a little bit in the world of my imagination. So, so I often imagine I'm the president of the United States, but only in a good way, not all the politics. I imagine what it's like to, to walk into the office. And I've got a whole entourage walking with me and I say, you know, I think we should do X, Y, Z today. And I say, yes, sir, we'll do that. And you know, I I'd like to meet with people who are doing something else and they say, yes, sir, we'll arrange that. And then I realized that if I'm the president of my company or the founder of the constant happiness gratitude journal, all I really need to do is steer the ship. And I need to get other people to, to handle the details.
1 (8m 46s):
One of the real tactics, which I love doing, it's funny how many, as I'm saying it out loud, it may sound a little bit goofy, but I like to go to Upwork. And I just like to look at who the people are out there who are available. And that just inspires me say, wow, there's someone who does this type of web designer or this type of SEO. I'd love to have that guy on my team. And then all of a sudden, I begin to think of a new business where I could use these employees. And, you know, as we all know, in fact, one of the best pod-casters I ever heard likes to say, you are the average of the five people you spend the most time. So if you're going to develop your team, find these great people and just bring them on board and you will come up.
1 (9m 28s):
If you have the entrepreneurial spirit, you will come up with a business and those people are out there to help you out,
0 (9m 34s):
Put yourself in situations, Fire Nation. Like I love say saying, walk out the door every day with your eyes open and your ears open. I mean, listen to what people are saying, what are they complaining about? What things do you see that are just wrong in this world? And 99% of them, you shouldn't touch with a 10 foot pole because it's not the thing you should be doing. But one day somebody is going to be like, whoa, that could be my thing. That could be where I fill a void, where I become the niche, the number one solution to that real problem in this world. And we have a lot of eyeballs like this coming up, Fire Nation. When we get back from thinking our sponsors, one of the biggest misconceptions about being an Amazon seller is that you need to invent a product from scratch.
0 (10m 17s):
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0 (11m 3s):
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0 (11m 46s):
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0 (12m 28s):
And I think this is going to be really relevant for Fire Nation because my listeners, you have skills right now. You've learned things along the time that you spent working in other businesses over the years you've lived. So there are opportunities to apply them in different ways. So Doug share that story with us.
1 (12m 45s):
So when I was working on the constant happiness gratitude journal, after I wrote the book, I like any writer. The first thing to do is just get all the words onto the page. Then you have to go back and edit and edit and edit and cut and that's, which is the hard part. And quite frankly, that's really the work because if you have the idea, you'll just get it down. What I realized though, was even in the book, every word in the book had to be something that would grab the attention of the reader I wanted. When someone would pick up the book or skim through the website, he, or she would say, yeah, this looks good. And it's funny as we're talking, I just picked up the book to the page 12 and one of the headlines, which I know, or that the chapter headings, which I know was not what I originally wrote was the question.
1 (13m 28s):
Why do people get angry quickly, but happy slowly. And I got to tell you, I worked a lot of time on it. I think that is a great if I may say so I think it's a great headline. It's something that if someone thinks about know, he'll say, well, that's true. You know, you're, you're driving and cut someone off by accident. And boy, that guy hates you. He would literally slit your throat. Why couldn't they just, you know, why do you have to get angry so quickly? But it would take forever to make this guy happy. So using, using the skills that I learned in writing articles, which we put on our, on our corporate website for the, for the financial industry and we use, I like using the CoSchedule headline analyzer to, to help out using that. I was able to adapt those skills in order to make a book, which was, which was absolutely I think, which would absolutely attract people because of the way it's presented to them.
1 (14m 19s):
Just like a great website or a great blog title,
0 (14m 23s):
Boom, Fire Nation. That's what I want you to understand is that you can utilize skills, knowledge, expertise. You already have into something you're going to do into that next opportunity. That by the way, is there, it's just over the horizon. And now we talked a lot about gratitude. So let's talk about it. You believe in daily gratitude, how can developing gratitude as a habit, inspire us to create products that will truly help others. I want
1 (14m 52s):
To touch back John, on something you had said a couple of minutes ago, which is you have to walk outside and see what's going on. And one of the things that I saw, and I know that many, many people saw, and in fact, the university of Chicago did a study on it. Last year, they showed that about 90% of Americans said that they were not very happy. This is huge. If you look at it, I mean, first off it's depressing. And when you think about it, but if you look at it, a marketing opportunity, you'll say to yourself, 90% of the people are not so happy. What can I do to increase happiness? And when you realize that unhappiness is on the rise, and I thought that I had a solution, I thought my idea was that instead of, instead of just occasionally being grateful for things, you know, some people go to church or synagogue, or, you know, they'll, they'll say a prayer here and there, which is hopefully the sign that they're, they're grateful instead they should say, listen.
1 (15m 42s):
And by the way, it's just like what you were doing before. I'm so happy that there was the captain of the ship who was able to bring the books over. And there was a guy bind it. Imagine if all day, every day you were able to appreciate the glass of water that you have in front of you. And the magic that the water appeared there. When you turned on the tap, that kind of constant gratitude. And I mean, constant all the time becomes a habit. Anything you do over and over and over again makes you smile. And that smile is the reward for developing the habit. And you'll just become a happier person. And that, by the way, is what everyone said, who read the book?
0 (16m 16s):
You know, I actually have on the top of my workflow, which is my to-do list, I look at every single day, the word smile, like the top thing on my to-do list. And it just stays there. Some bold underline as a one thing that never comes off the to-do list is smile. Because just like you said, that then becomes a habit and I smile and it makes me think of something that I'm grateful for. And it's just kind of like that cue. So what are you doing for your cue Fire Nation? Now, Doug, you've talked quite a bit about the constant happiness gratitude journal. Take us home. What do you want Fire Nation to know about this journal and all the details about where they can pick up a very brand spank, a new copy of their own?
1 (16m 58s):
Certainly you can buy a copy at Amazon, or you can just check out the email@example.com. I've got to tell you I was thrilled to get that URL. I was like, wow, that's my title? Constant happiness, constant-happiness.com. It explains the philosophy behind the book, the things that you need to do to make yourself happy, frankly, I also think it's a great gift for people simply because we all know someone who's, who's not feeling at his or her best, and this is a tool that's going to make some, it doesn't take long to read. Literally you can read the bulk of the text in a, in an hour and you're going to get a sense of what to do. And once you get started on the journey of constant happiness, it literally will change your life.
0 (17m 40s):
Now I'm looking at the cover right now and the image on the cover has a big resemblance to Ernie. Am I just making things up here?
1 (17m 50s):
So, okay. He actually looks like Arnie, but the fact is his name is Zach. He has a puppet that we have in the house, which we've had for many, many years. My kids grew up with him. And in fact, my granddaughter particularly likes to pull on his nose and he's like the epitome of happy. So, okay. It's a little weird. Don't tell anyone. But when I come down in the morning, Zach always says, good morning, Mr. G and I say, good morning, Zach. And then I go get my coffee. But I think just, just having the things around you that make you happy. And if you don't have a puppet and it's not your thing, whatever you have, literally, it could be your cup of coffee. If you're not appreciating it, stop, take a minute, smell it. You know, literally stop and smell the coffee, smell the flowers.
1 (18m 32s):
If you're not doing that, you are, you are missing out on the best present that we all got, which is how our lives. And if you're not appreciating every little thing along the way, you're never gonna be
0 (18m 43s):
Fire Nation. Wow. I mean, what are you doing every day to give yourself that little smile, that little trigger that's going to lead in a waterfall to gratitude. Now you're the average of the five people you spend the most time with. You've been hanging out with DG and JLD today. So it makes you keep up the heat and makes you head over to eofire.com. The type Doug in the search bar in his shows page will pop right up. And by the way, he did a previous episode with us. There was also straight fire. Listen to that one while you're at it. And your call to action Fire Nation, constant-happiness.com. Go check it out, go to Amazon, go see what's. The Ernie character looks like on his book cover.
0 (19m 25s):
And Doug, thank you brother, for sharing your truth, knowledge, and value with Fire Nation today. For that, we salute you and we'll catch you on the flip side.
1 (19m 32s):
Thanks for everything you do, John.
0 (19m 33s):
Hey, Fire Nation today's value bomb content was brought to you by Doug and Fire Nation. Are you ready to rock your very own podcast? We'll check out our free podcasting course, where I teach you how to create and launch your podcast for, for re free podcastcourse.com. That's free podcastcourse.com. I'll catch you there, or I'll catch you on the flip side. Indochino offers completely custom fitted suits, shirts, casual wear, and more at surprisingly affordable prices. And right now you can get 55, $0 off any purchase of $399 or more by using code fire at checkout. Visit indochino.com promo code fire, ready to build a smart e-commerce business on Amazon with help from a software that has your back at every step.
0 (20m 22s):
Then take advantage of this great offer from Helium10, get 50% off your first month of a Helium10 platinum accounts at Helium10.com/fire. That's Helium10.com/fire.
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