SOG EP 1624 BONUS: BILLIONAIRE Reveals Key Habits of THE RICH! Do This NOW to Make Money & Build Wealth | Michael Rubin

12 Jun 2024 · 7 min

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In short

The Daily Motivation Podcast Episode Summary

Podcast Details

  • Title: The Daily Motivation Show
  • Host: Lewis Howes
  • Episode Title: SOG EP 1624 BONUS: BILLIONAIRE Reveals Key Habits of THE RICH! Do This NOW to Make Money & Build Wealth | Michael Rubin
  • Guest: Michael Rubin, Entrepreneur and Philanthropist
  • Description: Michael Rubin discusses the mindset and habits that contribute to genuine happiness and successful wealth-building.

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Key Themes and Concepts

The Importance of Mindset

  • Abundance Mindset: Rubin emphasizes the value of having a mindset focused on abundance rather than scarcity. This involves:
  • Supporting friends’ success.
  • Embracing collaboration over competition in life.

Habits and Attitudes of Successful Individuals

  • Generosity: Successful individuals often root for the success of others, which is indicative of a healthy mindset.
  • Work Ethic: Rubin mentions his dedication to hard work:
  • Works approximately 18 hours a day.
  • Finds joy in the daily grind, highlighting the importance of passion in one’s work.

Debunking Myths about Wealth

  • Wealth Does Not Solve All Problems: Rubin discusses the misconception that money alone can bring happiness:
  • True fulfillment comes from personal growth and relationships.
  • Money provides access but does not inherently lead to happiness.

Cultivating Healthy Relationships

  • Supportive Communities: The healthiest and happiest billionaires foster environments where others can thrive:
  • Rubin believes that competition should be limited in personal relationships.
  • Encourages inclusivity and collaboration among peers.

Personal Reflection

  • Self-Awareness: Rubin reflects on his journey from a non-traditional educational background to success:
  • Acknowledges a mix of luck and hard work.
  • Remains humble and appreciative of his circumstances.

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Key Takeaways

  • Mindset Matters: The stories you tell yourself shape your reality. Adopting an abundance mindset can lead to greater happiness and success.
  • Hard Work is Essential: Consistent effort and a passion for one’s craft are crucial for real success.
  • Community Support: Building a network where everyone can succeed together fosters better relationships and personal fulfillment.
  • Redefining Success: Real success is not just about wealth but also about happiness, relationships, and contributing positively to others' lives.

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Conclusion In this episode of The Daily Motivation Show, Michael Rubin shares invaluable insights into the habits of truly successful and happy individuals, highlighting the importance of mindset, generosity, and hard work. The discussions emphasize that true wealth is not merely financial but deeply tied to one’s relationships and the support one extends to others.

For more insights and inspiration, listeners are encouraged to check out the full episode and subscribe to the Greatness newsletter.

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Additional Links

  • [Full Episode](https://link.chtbl.com/1624-pod)
  • [Greatness Newsletter](https://info.lewishowes.com/newsletter?source=podcast-post-roll)

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Transcript

Automatic transcript. May contain errors.

0:00Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.

0:11I know you know people who are billionaires and super famous that are happy, that are truly happy and grateful human beings. And a lot that aren't. And a lot, probably more, that are stressed out, overwhelmed, bad relationships, you know, constantly living in fight or flight or competition versus collaboration. what would you say are the habits of the millionaires, billionaires who are successful that you know who are actually healthy, which is probably a smaller percentage, over the ones that have it all but are empty inside? I'll give you one example that's jumping to the top of mind for me, which I don't think I've ever talked about before, but it's super interesting.

0:53And all of my good friends know this about me. You could get a lot of people would say they know this about me. I want all of my friends to do great and do better than me in any way they can because I'm living my dream. So why would I know what I want to do great around me? A lot of people feel like they're in competition. It's one thing, you're playing football, kill your competitor. You're playing basketball, kill your competitor. If I'm in business and there's someone I'm competing against, that's a different story. But I'm talking about in life, I want my friends to do amazing. I have certain friends who are like, hey, if you could make X or I could make 50 times that, I'd rather you make X because like I'm good and I'm happy.

1:30I'm having a great time and I'm living my dream. So I think it's the healthy people want the best for the others around them. One of the things I see a lot of time is like cultures of like people trying to bring people down. I hate that. I'm always saying this to like my daughter because she's 18 and she's like, you know, she's developing the same way I'm still developing. I'm always like, you want to always be inclusive, you know, bring everyone together. People want to do great. You know, that's what I say is an interesting observation is a lot of people don't want people to do great around them.

1:57That's like really weird to me. You think that's what makes them, you know, stressed and miserable or unhappy or have broken relationships is because of that? Look, people think it's just so hard to say. I'm going to get ridiculed for saying this. But people think money fixes things. It doesn't. Okay. You're either going to make the most of your life or you're not. So obviously with money, you have more access to so many things. Okay. But, you know, I tell you, I outwork just about anybody. I'm still working 18 hours a day, 350 days a year. And I love it. And that, for me, is fun. And I enjoy it.

2:30And I'm learning and I'm growing from it. You know, people see, like, oh, they see the white party. And, you know, great. So I do, you know, three fun, you know, I do the white party, this Finax, the World War Party, and together, the Reform Alliance, which, you know, when the founders of, we do the, you know, we started last year, the gals. So we do three big events a year. So those are fun moments people see. But my life is about grinding day in and day out. And I like that. That's not every day. Yeah, yeah. The grinding's every day. No, I mean, the grind's every day. Three days a year. Yeah, of course.

2:53Do I do a fun Christmas vacation? Yeah, yeah. I used to be able to make fun of my friends publicly. Now we have to do it privately because I get ready to cool if I make fun of my friends now. I think a lot of people that want to learn from you or someone that's like you with a massive net worth, big businesses, all these different things, I think a lot of people want to know, how can I do that or my own way of doing that in my life while also being healthy and happy? Because I see a lot of people get burned out, celebrities who are young, not know how to manage the success of the fame, billionaires go bankrupt, all these are just do things that maybe don't align with the values.

3:27So I guess I'm curious about, do you think it's possible to be actually healthy and happy, have good relationships with your family and friends and be uber successful? And if so, what does it take? What are the key habits that your friends who are that do on a consistent basis? Yeah, I think it's 100 % doable and a lot of people do it. You know, look, the thing with a lot of really successful people is like what makes me also does make me a little bit different is, you know, barely having been out of high school, not having gone to college, not reading. Like I'm not an intellectual. I'm like, you know, I'm kind of like a, you know, just like a street smart.

4:06You know, I still feel like a kid even though I'm not. That's like a lot of really successful people. They're naturally they're awkward. They're not like they're just like they're a little uncomfortable in their own skin. you've like you know you've you've gone out you've had all the success and you you're not sure how to deal with it like to be like still like a normal logical rational person i'm still like you know i look i see the greatest people in the world do great with handling i see a lot of people that get you know huge success and you know it's really hard for them i say like you know keep the eye on the prize just like you also like for the way you're asking the question it's a really small percentage of people they're super lucky like appreciate that and like look i know it's easier to say that but like you know people say to me all the time like anyone who stops me always try to be as nice as could be and people say like why it was like that i'm like because i'm lucky if i'm not i'm a bad person it's a problem if i'm not like that right that's probably what keeps you fulfilled and happy yeah and like i'm all i'm rooting for everybody too yeah i'm rooting for everyone to do great i think that's a key differentiator because most people that i think are unhappy with success or with what they have at a big level they're competitive in terms of They don't want to see their friends and they think of more, it's when I have to win and you have to lose versus how can we all win together?

5:18Yeah. Look, I know a fair amount of people who've gone down to business because you just, you meet a lot of people and, you know, and a lot of them have handled it great and some haven't, you know, and it just depends who it is. It just depends who that person is. The thing I like to see by the time is someone who can do something, who can do it two or three times. like you get one success, it could be luck. You get two or three successes, that's proven skill. By the way, you win one Superbowl, you're really good, but you know, you win a couple, you're really special. That's another level.

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.

6:52Again, have an amazing day and I'll see you tomorrow with another episode of the daily motivation show.

From the publisher

Have you listened to the FULL EPISODE yet?

"I want all of my friends to do great and do better than me in any way they can because, like, I'm living my dream. [...] I think it's the healthy people want the best for the others around them."

-Michael Rubin

In this eye-opening episode, Michael Rubin, the visionary entrepreneur and philanthropist behind Fanatics and the Reform Alliance, shares his unconventional perspective on what it truly takes to achieve both massive success and genuine happiness. With disarming honesty and a touch of humor, Michael debunks the myth that money alone can solve life's problems, emphasizing instead the importance of cultivating a mindset of abundance, generosity, and unwavering dedication to one's craft.

Through a series of captivating stories and hard-won insights, Michael reveals the surprising habits and attitudes that set apart the most fulfilled and impactful billionaires from those who struggle with the weight of their own success. He underscores the transformative power of rooting for others' success, embracing the daily grind with passion, and staying grounded in the face of fame and fortune. Tune in now and discover the secret to unlocking true success and happiness, straight from one of the most influential and respected minds in the game.

Sign up for the Greatness newsletter!


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