Noah Kagan: The Billion-Dollar Focus Secret

0:00I have a brand new book called Make Money Easy. and if you're looking to create more financial freedom in your life, you want abundance in your life and you want to stop making money hard in your life, but you wanna make it easier, you wanna make it flow, you wanna feel abundant, then make sure to go to makemoneyeasybook.com right now and get yourself a copy. I really think this is gonna help you transform your relationship with money this moment moving forward. We have some big guests and content coming up. Make sure you're following and stay tuned to this episode of The Daily Motivation Show.

0:38Hi, my name is Lewis Howes and welcome to The Daily Motivation Show.

0:50I'm curious, what is the difference between millionaires and billionaires and everyone else? every billionaire has a few different things but i'd say the two most common things between a millionaire to billionaire most billionaires picked one thing just one thing let's just go i mean bob mancafe ethernet created the ethernet pretty big deal uh john paul de jori he created two billion dollar companies hair care and patron tequila uh michael hudner did ships uh and all of them just have one thing that they focused on and most of us are like well i'm gonna do real estate and i'm gonna do a little content and then i'm gonna try to e-commerce business i'm gonna have seven passive income stream yeah i don't and so for me as i've gotten older i'm only doing app sumo it's like i have a book oh well my girlfriend and our baby that's number one and then it's like app sumo number two my business and then i yes i get to do youtube which i love making content similar to you i have a book where i'm teaching other people how i did what i did and i love that they did one thing i think the second thing that's probably not recognized is they're in billion dollar markets they're in billion dollar opportunities so what's a billion dollar opportunity honestly this is going to sound silly but like lawn care how many lawns are out there you have a lawn uh i have like a fake yard yeah it's a lot of water here in california so yeah true do you have a pool i do yeah and then you have care and how much do you pay your pool care person oh 100 bucks so it's a week weekly yeah yeah so 400 bucks a month yeah so that's five thousand dollars a year you get 50 pools it's like hey that's a million dollar opportunity and then so you realize like pools and certain things like can be billion dollar markets and most people and this is something i had to recognize through boring businesses boring businesses is not and it's not just boring it's just billion dollar opportunities like and john paul de joia was a great one that i sound fascinating because he's like find something that's in the reorder business too so not just a billion dollar market like shampoo build a dollar market but people need to buy your product over and over and over again so i think there's something fascinating is a billion dollar market is a product that people need like pool care doesn't have to just be tech i come from tech world but there's a lot of different businesses out there to be creating like you can make money in a lot of different ways and that's been also fascinating with talking to all these people.

2:51Yeah. From ships to basements, like there's just so many different ways. Right. A lot of ways. I'm curious. I think it was one of the interviews I saw from you where you're interviewing some guy, maybe you'll remember who this is. And you ask him like, what's your definition of success? And he said something like, as an adult, my adult kids still want to hang out with me on their own. Not because I have money, because they just like me. Yeah. And I was like, man, that really hit me. And I was that from your one of your the founder of fedex the founder of kinkos kinkos kinkos yeah so do you remember what that what that was or what that question was i don't know if that was the exact question or what he said but do you remember that yeah i remember him the other person i think of when i think of success i asked the founder of strava you know strava it's a cycling tracking app it's like social network for cyclists and this is the most unique one i don't know i don't think he's a billionaire which is totally great right he's still doing really well it's an amazing app big business and i asked him i was like what success he's like not waking up to an alarm that one's i never forgot because it's such a it means you have freedom of your time you're a time millionaire and the fact that you're like i can wake up whenever i want and do the things i really want in my day that is to me i like okay i like that level of success yeah that's interesting yeah and the other guy was the the founder of kinko's or his founder of kinko's and yeah i mean what was shocking about his story he sold his company 2.4 billion became a billionaire and And the disappointing part, he was awesome.

4:14I really admire him, Mr. Ophelia. But he said he was stressed for 34 years. He's like, every day I'm stressed. Building that business. Yeah. He's like, is it going to work? Am I on a payroll? Do I have to do this thing? I have to fly that stuff? And I remember just being like, I don't want that. And that's the coolest part about life. I can look at Lewis. I can look at Noah. I can check him out. I can be like, whose haircut do I want to try? And guess what? You create your own. You take all these different ones and you get to piece together the haircut you want to actually wear. Yeah. So I like seeing that and I was like, I don't want to live that life.

4:45I'm happy making less money, but doing it the way I want. Yeah. But for 20 years, you lived a certain level of life, building your business, making money. And there was anxiety and stress around that for a long time, right? When did you realize like, okay, this level of stress and emotional overwhelm and just like always needing to get bigger and bigger and bigger. When did you realize that no longer works for you and that you wanted to shift it? Yeah. Maybe you knew from the beginning it doesn't work, but you were still doing it. But when did you realize, okay, this is not how I want to live the rest of my life?

5:24Yeah. What I, for me, I'm 41. And I think you have to be stressed in your 20s. If you, there's a part of stress that's good. It's not always a bad thing. I think you have the book out there, Upside of Stress. So in 20s, you're figuring out your life and you're just working yourself. You don't know really what's happening. And in your 30s, you're kind of a little more clear. You're like, okay, I like maybe YouTube. I like promoting products. And then your 40s, for me, I find it calm. And that just takes time to find out who we really are and be patient with some process that eventually we will figure it out.

5:58Thank you so much for listening to today's episode of The Daily Motivation. And I hope you have an amazing rest of your day. If you enjoyed this episode, make sure to click the link in the description that will take you to the full episode of our main podcast on the School of Greatness. And if you are loving the daily motivation, please follow us over on Apple Podcasts and Spotify and leave us a review over on Apple Podcasts right now. And if you want more exclusive content and ad-free listening experience, make sure to subscribe to our Greatness Plus channel on Apple Podcasts right now. And if you want to get even more inspiration from our world-class guests and learn how to improve your life and take it to the next level, then make sure to sign up for the Greatness newsletter and get it delivered right to your inbox over at greatness.com slash newsletter.

6:48Again, have an amazing day and I'll see you tomorrow with another episode of the Daily Motivation Show.