In short
Entrepreneurs on Fire: Episode Summary
Episode Title
World-Class Wealth Mindset with Arash Vossoughi
Podcast Overview
- Host: John Lee Dumas
- Guest: Arash Vossoughi, President of Voss Coaching Co.
- Theme: Exploring the concept of a world-class wealth mindset and strategies for personal development and achievement.
Key Guest Information
- Experience: 17 years in personal development, worked closely with Bob Proctor for 14 years.
- Impact: Transformed over 100,000 lives as a top sales coach and VP.
Top Value Bombs
- Future Self Mindset:
- A world-class wealth mindset is shaped by one's future self.
- Decisions, disciplines, and standards should be informed by the future one is striving to create.
- Discipline Equals Success:
- Attitude cannot exist without discipline.
- Making disciplined action a daily habit accelerates the achievement process.
- Effortless Success:
- Success becomes effortless through the consistent practice of effective processes over time.
- Understanding and implementing the Power of 5 can lead to default success.
Detailed Insights
The World-Class Wealth Mindset
- Defined as an attitude driven by the future self.
- Involves making decisions and establishing disciplines that align with the person you aspire to become.
The Power of 5 Framework
- Purpose: Prevents drifting and keeps focus on goals.
- Components:
- Goal Alignment: Every decision should be verified against personal goals.
- Non-Negotiable Disciplines: Identifying and committing to daily practices that align with achieving your goals.
- Identity Transformation: Adopting the mindset and behaviors of the person you wish to become.
- Attitude: Keeping a positive and confident outlook towards actions related to goals.
Real-World Application of the Power of 5
- Case Study: An example client experienced significant breakthroughs after consistently applying the Power of 5 framework for 8 weeks, overcoming a two-year plateau in their business.
Daily Personal Transformation
- Essential for creating wealth and success.
- Focus on deep internal work rather than accumulating vast amounts of knowledge.
- Emphasizes the need for action-oriented learning:
- Intellectual and emotional engagement with ideas.
- Implementation and practical application of those ideas.
Call to Action
- Arash Vossoughi encourages listeners to:
- Follow his podcast, [The 7 Figure Standard Podcast](https://podcasts.apple.com/us/podcast/seven-figure-standard/id1684349810).
- Explore his YouTube channel for free content.
- Read his book, *The World Class Wealth Mindset*, available on all major book platforms.
Conclusion
- The episode emphasizes that success is not solely about knowledge but about personal transformation, consistent discipline, and alignment with one's future goals. The Power of 5 serves as a practical tool to help individuals focus and achieve their desired outcomes.
Additional Resources
- For more insights and links discussed in the episode, visit [eofire.com](https://www.eofire.com) and search for Arash.
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Note: This summary captures the essence of the podcast episode, detailing key themes and actionable takeaways while maintaining clarity and structure for easy reference.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:01Like that spark fire nation JLD here and welcome to entrepreneurs on fire brought to you by the HubSpot Podcast Network, the audio destination for business professionals with great shows like Business Made Simple. Today, we'll be breaking down a world-class wealth mindset. To drop these value bonds, I brought Arash Vasugi into EO Fire Studios. Arash, president of Voss Coaching Company with 17 years in personal development, worked with Broad Proctor for 14 years, transforming over 100 ,000 lives as a top sales coach and VP. In today's foundation, we'll talk about a world-class wealth mindset, the power of five, and so much more.
0:38And a big thank you for sponsoring today's episode goes to Arosh and our sponsors. The Next Wave, your chief AI officer, hosted by Matt Wolf and Nathan Lanz, is brought to you by the HubSpot Podcast Network, the audio destination for business professionals. Matt and Nathan are leading AI creators in your guiding light in the AI and technology frontier. AI technology is transforming the way we do business and the media landscape is fragmented. The Next Wave strives to be the leading podcast on AI technology and how you can apply it to growing your business. Listen to The Next Wave wherever you get your podcasts.
1:12Are you looking to start or grow a successful business? Attend the world's highest rated and most reviewed business growth workshop taught personally by Clay Clark and football great Tim Tebow at thrivetimeshow.com slash EO fire. Again, request life changing tickets today at thrivetimeshow.com slash EO fire. Arash, say what's up to fire nation and share something that you believe about becoming successful that most people disagree with. I think the biggest misnomer of success, it has nothing to do with achievements. It has to do with your attitude. and attitude is so, in my opinion, misunderstood because our attitude is our thoughts, our feelings, and our actions, and we have an attitude towards everything.
2:04If a person changes their attitude, they're going to change everything they draw to them and how they attack their action steps, attack their business ideas, attack their processes. So in my opinion, over 17 years of really doing deep, deliberate work on this, attitude is the number one cause of success. Fire Nation attitude, mindsets. We'll be talking about all of it today when it comes to a world-class wealth mindset. And I want to start off with a bang by just getting into the nitty gritty, talking about exactly what a world-class wealth mindset is. To me, a world-class wealth mindset is always coming from your future self.
2:55Everything is driven by the future you're building. and that goes into every decision you make comes from that future self. Every discipline you practice, there's one to two to three disciplines that bring all our other disciplines up, but it's always driven by that future self. Our standard. Our standard is coming from the future self. And in my opinion, John, our standard is our DNA to success. It's showing the world how we value ourselves. It's showing the world who we are. And then you can't build a world-class wealth mindset without continually transforming your identity. So it's thinking, feeling, and acting from the future you want to build.
3:41And then once again, it comes down to the magic attitude. It's having the most positive mental attitude that you're a great example of what you're building for your life. Now, you created something called the power of five. Take a step back. Give us the big picture. What is the power of five? Well, the power of five will prevent anybody from drifting, and it keeps you locked in to that future self that I was just discussing. So I want everyone to picture their goal in their mind just for a second. Now, imagine every day you made this your best accountability partner, that every decision I make is coming from that goal.
4:29So every single decision, if this decision is not in harmony with a goal, it's a hard no. Every discipline is coming from the goal. What is the discipline for you to accomplish your goal that the process is going to be demanded? That's the discipline that's non-negotiable for you that you build as part of your identity. Then every standard you live is it in harmony with the goal. And then you go into your identity. Every action I take comes from the identity of the goal. Every type of explosive thinking comes from the identity of that goal. And then attitude. I have an attitude with confidence in everything I'm doing.
5:17I have an attitude with swagger. And there is no attitude without discipline. We want to make action a disciplined activity. So when a client works with this, when somebody's working with this every day, it will be impossible to drift. And what happens is you're going to speed up your achievement process exponentially because now you are in harmony because everything we want is already here, but we have to get in harmony with it. How do we get in harmony with it? we practice deliberately the power of five throughout our days. I want Fire Nation to really understand how this can be practiced in real life with a real world example.
6:01So walk us through this power of five in a real world setting. Let's say somebody wants to turn their income from, let's say,$50 ,000 a month to$100 ,000 a month. So their current self is defaulting to the$50 ,000 a month activities. the$15 ,000 a month habits. They just automatically go to their past self. That's the default mechanism. Well, when you practice the power of five, every day you wake up and everything starts with a decision because until you make a decision, nothing moves. But from now, you're coming from the decisions of the person who's earning$100 ,000 a month. So you go out and let's say you're a sales professional and you're prospecting.
6:50But now you're prospecting, starting your day, that I'm going to have five more prospects. I'm going to make a definite decision that it's already done in my mind that I'm fusing with the$100 ,000 earner. So I'm making decisions in prospecting that I'm going to give the very best prospecting calls I ever give. But now I'm upping my game from a$50 ,000 a month earner to fusing with$100 ,000 a month earner in decision. Then we look at what are the disciplines that I have to practice as a$100 ,000 a month earner. I am getting 1 % better. I'm just focusing on defining the discipline of becoming 1 % better at making the move before I'm ready.
7:36I am sprinting out of my comfort zone. Now, Anybody can do this discipline 1 % greater. But when you practice it, compounding over time, it's going to create absolutely massive results. Then you look at your current standard. My current standard is I'm used to doing things this way. I am challenging myself that I'm showing the world a much different version of me. I'm showing the world of somebody who's much more intentional in every discipline that I practice, every action that I do. And as you do this, the outside world is going to reshape to your new standard. Standard is always showing us who we are.
8:19If we show up half the best, we're telling the world we're half the best. And that's what we're going to start seeing in our physical results. And then you look at, in my opinion, the most important, because our identity as a$100 ,000 earner is much different than the identity of a$50 ,000 earner. So how does a person who earns$100 ,000 a month think? They are driven by their alternate identity. They're driven by their instinct. They're not driven by their analytical mind. So I'm not going to be, just for today, I'm not going to be driven by my analytical mind. I am going to be in the spirit of everything I do.
8:58I am just going after what I want. And then I take actions from that identity. and you practice this every single day, but every day is day one. You're going to change your results. It's such a quick rate. And then you go into attitude. What is my attitude using my example of prospecting? Oh, do I hate it? Do I resist it? Well, a$100 ,000 a month earner may hate it, may resist it, but they lean into it. So I'm going to lean into it. I'm going to take action from a completely different attitude. I am already going to come from the attitude that the outcome is already done before I start. So when we start doing this, John, what's going to happen is every decision you make, every discipline you make, every standard you live, every identity-based behavior you practice, and every attitude is based on the future you want to build, and you make up your mind that you're going to master whatever you're doing.
10:02When we become a master at making this a part of our DNA, it's going to change the game. Fire Nation, the power of five. I hope you're getting fired up with the possibilities of implementing this in your life. And we have a lot more to talk about around this topic when we get back from thinking our sponsors. We all know that starting a business is hard, but there are tools out there that help make it easier. HubSpot is one of those tools. And just one way HubSpot makes starting a business easier with their all new entrepreneurship kits. This all-inclusive kit gives you step-by-step guidance and frameworks to help you crush every stage of starting a business.
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13:24Arash, we're back and you did a great job before the break of really breaking down the power of five and giving us just that really great understanding of what it is. Now, take a second and maybe either put yourself in this scenario. So when's the time that you've used the power of five? What did that specifically look like? Walk us through you implementing this in your life, or maybe one of your clients, if it makes more sense for this conversation. You choose, but give us a human being going through this with a real life example. What does that look like? I'm going to give you a client of mine.
13:58Last, a few months ago, this was actually about six months ago, I was working with a client. And she is already an achiever. She created great results in her life, but she was as stuck as stuck can be, John. And I said, I'm going to give you something so simple to do that if you do it and if you don't reject the simplicity, it's going to change the game. And she goes, OK, what is it? And I explained to her the power of five what we just went over. But I said, I want you to do it. And I want you to put an alarm on your phone three times a day is a reminder that everything you do is going to be coming from the power of five.
14:40Literally eight weeks of practicing this, I get a phone call. And she said, Arash, I just got a windfall in my business. I have been plateaued for two years. She goes, I don't know what this power of five is, but I committed to focusing on it three times a day. And I was that person for the last eight weeks and boom, a windfall. And John, how I implemented this in my life, I was for a long time before I really became a master at putting processes together, I was always going up, down, up, down. And I knew that wasn't a great way to create the type of life I wanted. I wanted to create success automatically.
15:26And I really believe success is very effortless. It's just practicing your processes over time and understanding delayed gratification. Well, I put this together because I thought about what were the core things that took me from failing to succeeding at a significant level. And it was these five topics of the power of five. And then I practiced them because I never teach it to anybody if I don't know that it works. I did it for one year and I didn't let anybody else know I was doing this. Anybody in my circle, nobody knew. And my results literally 20x. And I've been doing it every day for the last 10 years.
16:07And this is a core process that will create success by default. Fire Nation, this power of five can work if you really understand the principles and put it into your day-to-day daily action, daily life mindset, like our man Arash just shared with one of his clients. So what I really want to talk about to wrap up is what do you feel, Arash, Fire Nation needs to understand about a world-class wealth mindset that we haven't yet discussed, that you really just have seen in your day-to-day life with your clients, with your customers, with yourself, that you have that's missing in so many others? It's pretty simple to me.
16:54Everything starts and ends with our personal transformation. Daily personal transformation is what creates great wealth. And once you commit to the deep internal work, that's the work where you're working the ideas. It's not about what you know, it's about what you're doing, what you're implementing. And self-mastery is never a grind. It's I get to get better today. And a lot of people are going from one podcast to the next, one book to the next. They have enough information. It's about rewiring themselves and committing to the right processes compounded over time. Now, there's a belief installation process you want to understand.
17:40Because until you believe it, you're not going to do it. And belief is just repeating a thought pattern over and over until it becomes automatized. But personal and professional mastery is a currency that's worth investing in. If you watch the elite performers, they are so committed to lifelong learning. They're not just committed to me, and this is very important, learning is very misunderstood. It's not gathering information. Learning is a three-step process. It's actually another word for attitude. It's getting intellectually involved with an idea. Then it's getting emotionally involved with that idea, and it's stepping out and acting on that idea.
18:27And the change in result will always tell us if we learned it. That's what learning is. It's not about how much knowledge we have. It's about what we're doing with that knowledge and implementing it into our life. And that's why our personal transformation is the prequel to creating freedom in anybody's life. And anybody can do it. If one person can do it, anybody can do it. If one person can create great wealth, everybody can do it. what's sad to me john is that one to three percent are really creating massive results when a hundred percent should with the amount of potential that all of us have inside of us we've got to step out and go into that alternate identity and let ourselves go arash you have a great instagram profile on youtube you're creating great content you wrote a book give fire nation a call to action about how they can connect with you, consume more of your content?
19:25What do you want our listeners to do taking action wise? I think the best way to stay connected with me is I have a podcast. It's called the seven figure standard podcast. It's 25 minutes every week of applicable processes to really create massive results. I highly encourage people to go to my YouTube page because I give tons of free content. And my book, you can get on all book forums. It's called The World Class Wealth Mindset. Fire Nation, you're the average. Of the five people you spend the most time with, you've been hanging out with AV and JLD today. So keep up the heat. For links to everything we talked about, visit eofire.com.
20:06Just type Arash into the search bar. That's A-R-A-S-H in the search bar and the show notes page will pop right up. Arash, thank you for sharing your truth, your knowledge, your value with Fire Nation. For that, we salute you and we'll catch you on the flip side. Thanks, John. Hey, Fire Nation, a huge thank you to our sponsors and Arash for sponsoring today's episode. And Fire Nation, what can 4 ,000 of the world's most successful entrepreneurs teach you? How about how to achieve financial freedom and fulfillment? My first traditionally published book, The Common Path to Uncommon Success, is a revolutionary 17-step roadmap that will lead you to the lifestyle you've been dreaming about.
20:42This book took me 10 years of accumulating the genius of the world's top entrepreneurs. And you can get it all in one place when you visit UncommonSuccessBook.com. I will catch you there or on the flip side. The Next Wave, your chief AI officer, hosted by Matt Wolf and Nathan Lanz, is brought to you by the HubSpot Podcast Network, the audio destination for business professionals. Matt and Nathan are leading AI creators in your guiding light in the AI and technology frontier. AI technology is transforming the way we do business and the media landscape is fragmented. The Next Wave strives to be the leading podcast on AI technology and how you can apply it to growing your business.
21:21Listen to The Next Wave wherever you get your podcasts. Are you looking to start or grow a successful business? Attend the world's highest rated and most reviewed business growth workshop taught personally by Clay Clark and football great Tim Tebow at thrivetimeshow.com slash EO fire. Again, request life-changing tickets today at thrivetimeshow.com slash EO fire.
From the publisher
Arash Vossoughi, president of Voss Coaching Co. with 17 years in personal development worked with Bob Proctor for 14 years transforming over 100,000 lives as a top sales coach and VP.
Top 3 Value Bombs
1. A world-class wealth mindset is always coming from your future self. Every decision, discipline and standard is driven by the future you are building.
2. There is no attitude without discipline. You have to make action a disciplined activity everyday because this will speed up the achievement process.
3. Success is effortless if you practice your processes over time and understand delayed gratification. The Power of 5 is a core process that will create success by default.
Check out Arash and Mykie's Podcast - The 7 figure Standard Podcast
Sponsors
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