The Darius Foroux Show: Mindset, Business, Money

Latest Episodes:

Jimmy Soni on Elon Musk The PayPal Mafia and his writing process May 18, 2022

Show notes

In this episode, I invited Jimmy Soni, who's an author, speaker, and speechwriter, to talk about the founders of Paypal and Elon Musk, We talked about work ethics, consistency, vision, leadership, and his writing process.

The Founders by Jimmy Soni: amazon.com/dp/1501197266/

Learn more about Jimmy here: jimmysoni.com/

Thanks for listening!

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Wise & Wealthy is a weekly newsletter full of proven ideas to become smarter and wealthier. I send this short email every Monday and every other Thursday.

Join for free here: dariusforoux.com/

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Timestamps:
00:46 - The Founders: The Story of Paypal and the Entrepreneurs Who Shaped Silicon Valley
01:11 - Elon Musk & Twitter
02:24 - Zip2
02:56 - X.com
03:39 - Space X
04:16 - Consistency of vision
07:18 - Scale of ambition
08:22 - How Elon Musk put the same amount of pressure.
11:15 - Leadership
13:44 - Max Levchin's management training
16:30 - Hiring and empowering people that are better than you
17:48 - Peter Thiel, Reid Hoffman, David O. Sacks
19:47 - Enough amount of confidence to get somewhere
20:04 - Sanjay Bhargava
20:59 - A company is an exercise and a recursive self-improvement
23:59 - Why is it called X.com?
26:09 - SB Master (Naming Paypal)
29:08 - Wealthfront
31:24 - First principles thinking
33:50 - Challenge your own habits
37:58 - "Money is an information system"
42:56 - On asking yourself, Why?
50:32 - Amy Klement
53:35 - Ways to convert difficulties
59:46 - David Goggins "Memoir" Can't Hurt Me: Master Your Mind and Defy the Odds
1:00:38 - Jimmy Soni's Writing process
1:12:43 - Seth Goldin - Purple cow
1:14:23 - Jimmy Soni's Reading habit
1:15:48 - Brad Stone's "Everything story"
1:17:37 - Walter Isaacson
1:19:07 - Relentless.com "a.k.a Amazon"
1:26:53 - Spend time and energy to do something and feel accomplished

Investing Through a Bear Market with Shane Neman Apr 29, 2022

Show notes

In this episode, I invited Shane Neman, who's an entrepreneur and investor, to talk about the current bear market. We talked about our first experiences with investing and bear markets. How we dealt with losing money. And how we've adjusted our strategies.

Learn more about Shane: shaneneman.com

Timestamps

00:10- Shane Neman (introduction)
00:55 - Bear Market experience
05:19 - Emotional challenges/experience
09:51 - Diversifying
10:45 - Detaching the self from money
12:43 - "Investing is having a long term vision"
14:38 - Be greedy when everyone else is fearful
15:31 - Jeremy Siegel "Stocks for the long run"
19:37 - Stick to your strategy
21:39 - Bill Ackman & Netflix
23:15 - Foundation of investing
30:28 - Relying on your skills
35:55 - "Todays Market"
40:26 - 90|10 Rule investing
46:40 - How to prevent going Nuclear
50:54 - Play games you're good at
51:55 - Buy low, sell high
54:58 - Winners are the ones that are the most patient
56:00 - Be financial literate
58:55 - END
Thanks for listening!

---

Receive weekly tips to become Wise & Wealthy

Wise & Wealthy is a weekly newsletter full of proven ideas to become smarter and wealthier. I send this short email every Monday and every other Thursday.

Join for free here: dariusforoux.com/

How to Build a Career in Finance With Penny Phillips Apr 14, 2022

Show notes

The guest for this episode is Penny Phillips, the co-founder of Journey Strategic Wealth, a Registered Investment Adviser for advisors. She’s also the founder of Thrivos Consulting, where she coached and consulted financial advisors.

I invited Penny because of her ideas about wealth building that she’s been sharing on Twitter and YouTube. On this episode, we talked about her journey, personal values, building a career in finance, coaching people who were older than her, and many more topics.

Follow her on Twitter: https://twitter.com/ThrivosLLC

Read more about her bio: https://journeyswadvisor.com/who-we-are/penny-phillips/

Thanks for listening!

I’ve put together 6 resources with proven tips for optimizing your life and work. It’s free for my newsletter subscribers. Get your free Growth Kit here: dariusforoux.com/growth-kit

Timestamps:

00:12 - Introducing Penny Phillips
01:33 - Her backstory
07:00 - Family values to be successful
12:35 - Age discrimination
18:11 - What success feels like (Visualization)
20:44 - Finding balance
21:10 - Do not compare yourself to others
21:25 - The Paradox of Happiness: Why Desiring More Makes Us Miserable
23:06 - From being in the corporate world to building a business
33:05 - Work life and personal life
39:21 - Surround yourself with people who understand you
40:50 - Perception is reality
43:25 - Be your own hype person
45:42 - Geraldine Wise, the first successful woman on Wall Street
52:24 - Penny on building her first business
57:19 - Rely on things you know to be true
59:55 - Consulting vs coaching
1:04:02 - The role of behavioral change
1:04:33 - What financial advisors do
1:09:25 - The best way to learn as a financial adviser

Bitcoin and Crypto as a Long-Term Investment? With Ben Dunkel Mar 31, 2022

Show notes

On this episode, Ben Dunkel and I talk about Bitcoin and cryptocurrencies. A lot has changed in recent years, and more people are now owning Bitcoin and other crypto. But there are also a lot of people who are interested in getting started. We also talk about getting started with crypto.

Learn more about Ben Dunkel on www.howtobegincrypto.com

Thanks for listening!

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I’ve put together 6 resources with proven tips for optimizing your life and work. It’s free for my newsletter subscribers. Get your free Growth Kit here: dariusforoux.com/growth-kit

The Desire for More & The Destruction of Happiness Mar 14, 2022

Show notes

In this episode, I'm sharing 5 tips for desiring less, so you can stay happy. Learn more about the desire for more and the destruction of happiness here: https://dariusforoux.com/paradox-of-happiness/

Thanks for listening!

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I’ve put together 6 resources with proven tips for optimizing your life and work. It’s free for my newsletter subscribers. Get your free Growth Kit here: dariusforoux.com/growth-kit

7 Books That Make You A Better Human Feb 28, 2022

Show notes

Today, I’m sharing some of my favorite books that I haven’t talked about in other posts.

These are books I’ve learned a lot from. And I really can’t recommend them enough.

Here's the post with the links to the books: https://dariusforoux.com/7-books-that-make-you-a-better-human/

Thanks for listening!

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I’ve put together 6 resources with proven tips for optimizing your life and work. It’s free for my newsletter subscribers. Get your free Growth Kit here: dariusforoux.com/growth-kit

3 Lessons About Building Wealth From an Investing Legend Feb 16, 2022

Show notes

In this episode, I'm talking about the lessons I learned about wealth building from Jesse Livermore.

Read the article: https://dariusforoux.com/3-lessons-building-wealth/

Thanks for listening!

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I’ve put together 6 resources with proven tips for optimizing your life and work. It’s free for my newsletter subscribers. Get your free Growth Kit here: dariusforoux.com/growth-kit

Investing and The Fear Of Missing Out Jan 17, 2022

Show notes

Whether you’re a short-term trader or long-term investor, if you are too active, you probably will lose as much as you win. And if you’re unlucky, you’ll even lose more than you win. Both situations are undesirable. On this episode, I talk about a better way to approach investing opportunities.

Thanks for listening!

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I’ve put together 6 resources with proven tips for optimizing your life and work. It’s free for my newsletter subscribers. Get your free Growth Kit here: dariusforoux.com/growth-kit

Embrace Your Fear of the Known Jan 10, 2022

Show notes

So many of us think the source of fear is because there are so many unknowns in life. We believe that uncertainty usually leads to fear. But that's not always true. On this episode, I talk about how most of us are actually afraid of the known.

Thanks for listening!

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I’ve put together 6 resources with proven tips for optimizing your life and work. It’s free for my newsletter subscribers.

Get your free Growth Kit here: dariusforoux.com/growth-kit

Uptrend vs Downtrend: Why Everything is Directional Jan 03, 2022

Show notes

In life, things usually follow a trend. The trend is either upward, and things are getting better, or it’s downward, and things only get worse. Even when things are moving sideways, it often feels like a downtrend because everything else around you seems to keep moving up. Learn more about that in today's episode!

Thanks for listening!

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I’ve put together 6 resources with proven tips for optimizing your life and work. It’s free for my newsletter subscribers.

Get your free Growth Kit here: dariusforoux.com/growth-kit

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