Mind Pumped: The Entrepreneurial Truth About Value, Vision, and Monetization with Adam Schafer

26 Jun 2025 · 58 min

Ask about this episode

Ask anything about it. ChatGPT or Claude reads this page and answers with the times it was said.

Connect VO and ask about every podcast you hear, including the moments you saved. Add to ChatGPT · Add to Claude

In short

The Jasmine Star Show - Episode Summary

Episode Title

Mind Pumped: The Entrepreneurial Truth About Value, Vision, and Monetization with Adam Schafer

Description In this insightful episode, Jasmine Star engages in a candid conversation with Adam Schafer, the co-founder of the Mind Pump Podcast and a serial entrepreneur. They discuss how to build an eight-figure brand without external funding, emphasizing the importance of providing value, maintaining consistency, and fostering community. Adam shares his journey alongside his partners in transforming a scrappy podcast into a thriving business.

---

Key Takeaways

  1. Building Value Before Monetization
  2. Initial Focus: Mind Pump started with the mission of providing value to their audience through relatable fitness content.
  3. 3-Part Framework for Value:
  4. Belief: Recognizing the inherent value you can provide.
  5. Hypothesis: Proving that this value resonates with your audience through engagement.
  6. Consistency: Producing content regularly to reinforce connections with the community.
  1. The Importance of Community
  2. Engagement Over Polish: Early episodes were rough, but the focus was on genuine engagement rather than perfect execution.
  3. Community Building: Engaging with a small, dedicated audience can yield better long-term success than aiming for broad attention without depth.
  1. Monetization Strategy
  2. Bootstrapped Approach: Monetization came after a substantial period of building an audience (around a year and a half).
  3. Understanding Market Demand: The community reached out for products before they were even offered, signaling readiness for monetization.
  4. Digital Program Launch: Initially, they sold a single digital program, which laid the foundation for future revenue streams.
  1. The Role of Partnership
  2. Collaboration: Adam emphasizes the importance of having partners with aligned goals and complementary skills.
  3. Navigating Relationships: Managing business with multiple partners can be challenging, but maintaining good communication is crucial.
  1. The Journey of Growth
  2. Overcoming Self-Doubt: Adam shares how many bootstrapped entrepreneurs downplay their success compared to VC-backed counterparts.
  3. Embracing Failure: The journey includes embracing failures and setbacks as critical learning experiences.

---

Important Quotes

  • “Most people buy from people they like.”
  • “Get comfortable with the idea that failing is part of the journey.”
  • “Schaefer's never quit.”

---

Community and Personal Branding

  • Personal vs. Team Branding: Adam discusses the differences between personal brands and team brands.
  • Future Vision: The podcast aims to evolve beyond the founders, encouraging others within the brand to step forward.

---

Actionable Advice

  • Focus on Value: Always provide value before seeking to monetize your offerings.
  • Build Community: Engage consistently with your audience to foster loyalty and trust.
  • Practice Relentlessly: Don't be afraid to start small and imperfect. The journey of improvement is essential.

---

Connect with Adam Schafer

  • Mind Pump Podcast: [Mind Pump Podcast](https://mindpumppodcast.com/)
  • Ask Mind Pump: [Ask Mind Pump](https://askmindpump.com/) - A resource for health and fitness inquiries with answers generated from their vast body of content.

---

Related Episodes

  • [How to Build Your Personal Brand as a High-Achieving Entrepreneur](https://podcasts.apple.com/us/podcast/how-to-build-your-personal-brand-as-a-high/id1479619320?i=1000665977055)
  • [He Built a Multimillion-Dollar Business Using THIS Content Strategy ft. Richard Ryan](https://podcasts.apple.com/us/podcast/he-built-a-multimillion-dollar-business-using-this/id1479619320?i=1000682387600)
  • [How I Built a 7-Figure Brand: A Conversation About Growth, Pivoting and Scaling](https://jasminestar.com/podcast/episode544)

---

This episode provides a wealth of knowledge for aspiring entrepreneurs, especially those looking to bootstrap their businesses by leading with value and building authentic connections with their communities. Adam Schafer’s journey serves as a powerful reminder of the importance of perseverance and the potential for success through grit and determination.

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Hear the part that matters, and keep it.Open this episode in VO. Double tap your headphones to save a moment as you listen.
Get VO free

Transcript

Automatic transcript. May contain errors.

0:00If you've been feeling stuck in your business and wondering if you're the reason it's not growing faster, I have something for you. I'm hosting a free, no-pitch, live class called Three Money Beliefs That Made Me Millions. And I'm sharing the exact mindset shifts that helped me go from million-dollar years to million-dollar months. This isn't fluff. It is a surprising strategy that changed everything for me, and I want to share it with you. Like I said, no pitch, no fluff, just you and me talking about how we shift our beliefs around money to make you millions. Save your seat now at jasminestar.com forward slash millions.

0:32I can't wait to see you there. many people know today's podcast guests from a litany of other things i happen to live under a rock and i had no idea who he was until our paths intersected by way of an executive program that we were a part of we're going to get to all of that in a second but you might know him from mind pump podcast there's hundreds of thousands of downloads they're getting hundreds of thousands of downloads a week mind pump training resources and deliverables like this is stuff that i was training to work out with, as well as Mind Pump Fitness Coaching. I had the honor and privilege of speaking in that community, and I couldn't be more excited because the person I'm about to bring on to the show right about now has multiple arms of his business, along with three other business partners.

1:17We're going to talk about brand building, and we're going to talk about personal brand versus team brand and business brand. Welcome to the show, Adam Schaefer. So glad to be here. Your episode, by the way, is still doing incredible. I still get DMs about you coming in the studio. So it won't be the last time. Yes, I was a guest on Mind Pump. I have to say I was so intimidated. I was so intimidated. It's just it's the way the lights are all set up. I mean, in the three of you guys. I mean, it was just the four of you guys. But I'm looking at the three of you guys. And I'm just like, wow, you are definitely outmatched.

1:45You know, I think people underestimate what that feels like. People we get a lot of people that always ask us like you should have your wives on the show. And all of our wives are like, hell no, there is no way I'm sitting in there. I go in there and visit. I like it all. Thanks guys. I got thrown to the lion's den. No, it was a great episode. Definitely. We'll link it in the, in the show notes. We're talking about my journey as an entrepreneur, but today I want to talk about your journey as an entrepreneur. And before we did there, we're probably established. You and I have a rapport. We joke a lot.

2:11Like, I just want us to be 100 with each other because, okay. Because Adam is a little bit like hard nose. He'll, he'll, he's, I wouldn't say he's mean to me. He's just like straight out shot caller like no bs and so we met as part of uh hampton hampton yeah it's like how would you how do you describe it when people ask uh so well the irony it's it's kind of like a mastermind group yeah um and anybody that anybody that knows me from my show knows that i've talked a lot of crap about masterminds so it actually it really it shifted the way i thought about them i mean and i know you've done a lot so it was it was great meeting somebody who has had a different experience with it for my my experience with it was like man there's a lot of shysters out there that are just grifting and it just didn't feel hampton didn't feel that way i mean i felt the way that it was structured where you needed to like a lot of other masterminds will sell to anybody that's you know that's willing to spend the money on it where they they curate the founders and ceos and you have to have benchmarks together so i felt like the group i was added to your group i really felt like oh man I could learn from a lot of these people.

3:19And that instantly like was valuable to me. I was like, okay, you put me in a room or a zoom with 10 other like-minded successful entrepreneurs. Oh, I'll, I'll learn something. And this is where I feel like you and I connected so much is that. Okay. Explain why, why did we connect versus, I mean, everybody connected, we all gelled, but there was like immediately you and I had. Well, first of all, you and I were the only two bootstrapped. I mean, we're everybody else was, which I think, and I don't remember if you have communicated this on your podcast or not, but that was really an important time in my life because up until that point, I would say we had pretty good success building our business.

3:59Well, you're being a little bit modest, but we can get to that in a second, but like a lot of success building your business, but go on. But I didn't think that. So I actually still looked at like the VC world and the startup people and thought, and you hear numbers like a hundred million valuation. Oh yeah, we exited for this much. And I'm like, yeah, I'm doing a, I'm doing a couple million over here. You know, I didn't feel like I was really doing it and they all were. And then when we got in that room, I mean, it was interesting to hear all the wildly successful people, people that exited companies for millions and millions, hundreds of millions of dollars and on their second or third company.

4:34And then they listened to my story and your story. And I felt they all kind of wished they were in our shoes. And so that was really good for me to hear that at that point in my career, because I thought that the grass was greener on the other side. I thought that's what I needed to do to prove that I had made it. And yet here I hear all these other guys going, oh, no, I'm trying to build towards what you two have. And I went, oh, okay. So that was good. And that's what we had in common. I mean, you and I are both gritty. I think we really came from kind of nothing and built and through a lot of trial and error.

5:10And we're both, I think, very blunt and direct like that. I love that. So I'm drawn to people that like, I'll take somebody that maybe someone else perceives as rude or too direct or over. I like that. So do I. I am a no bullsh**, like shoot it to me straight. I've got thick skin. And so when I meet somebody else that is like that, I'm naturally just attracted to that. Okay. So this is why I want it. This is the perfect place to start. And so before we get into your origin story, because most of the podcasts that you do, everybody talks about your origin story. And when I get to that in a second, but one of the reasons I wanted you on the pod was because we were sitting in Jackson Hole.

5:46Yeah. And we're all in a group and we're talking about the moves that you're making on behalf of your business brand. And so just to be like very clear. So Adam, actually describe the arms of your business and not the revenue numbers, but the percentage. Like what is the core of the business? Because I want people who are watching right now to be able to see like I can build a business with people I love on the back of passion, on the back of just starting super scrappy and build seven, eight figure business on the back of that. So first of all, the original mission before money ever came into play was we believe there's three of us trainers that have been trainers for over two decades.

6:27Yeah, in fitness. That we had a lot of value to give. That when we looked at the landscape of what was being communicated on Instagram, YouTube, a lot of the information was stuff that I think we kind of felt like, oh yeah, I remember when I thought that. I remember when I thought that was the way or whatever, and that was year five or eight into my career. And we didn't feel like we were hearing the conversation that we were communicating with our clients. And so we came from a place of, we have a ton of value to give to this community of people that want to learn this information. Let's go prove that.

7:02Let's go prove that we do know what we're talking about and that we can help a lot of people. Now, let me tell you, we sucked. I mean, I barely feel like we're coming out of sucking, but after 10 years, it took a long time to get comfortable with pretending you're talking to millions of people when you're really just looking at a mic and a camera. That was very awkward for us. And so we began to do that. And as we thought, even though it was terrible as far as the choppy, and I mean, we were cussing a lot because we were nervous, but you would walk away from every episode going like, oh, damn, I didn't know that, or that was really valuable.

7:45And that's kind of what we hung our hat on was like, we'll just keep doing this and see if we can grow an audience and actually grow a community of people that want this information. And so that was the mission. And we did that three to five episodes a week for well over a year, not trying to monetize and watching it grow. Downloads, download was just, and it started with hundreds and then it became thousands and then tens of thousands. And when we started reaching the tens of thousands of followers, we started to realize, okay, we're onto something. We got something. And then really it was okay.

8:21And by the end, I should back up a little bit because people ask a lot like, well, when did you decide to monetize? And if you say you didn't do it at first, like why did you do it? But well - Okay, pause. I want just to, before we get into the monetization conversation, I want to give the framework that you had just said. First, you had a belief. Like there's this belief that we, as a group of people have value to give. Yes. So for somebody who's watching and you think yourself and or a group of people have value to give, step number one. Step number two is we have to prove a hypothesis. That's right.

8:50Like we think we have value to give, but we're not sure the market's going to actually perceive it as to be valuable. And so then you did the awkward reps of just doing the work without expectation. Yes. So three to five episodes a week of a podcast. Yep. Ghetto is all get out. I've seen those early episodes. They're just rough. They're just rough. Sound was rough. Lighting was rough. Our communication was rough. But in every episode, if you actually stuck through it, you would walk away and go, oh, I learned something. I learned something. Okay. So if you're watching and you're wondering, can I build an eight figure business on the back of providing value in the form of a podcast or content?

9:24The answer is there's proof here. Now let's talk about the monetization. You'd been doing it how long before you guys decided to monetize? About a year and a half. So we've got hundreds of episodes uploaded for free by this time. And the only reason why, like we kind of all said, I'll never forget this day. We all walked into the little 300 square foot, smaller than this room we're in right now, like when we first started. And we all had walked in and each guy said this differently. I came in, I go, man, I've got a bunch of people messaging me. and a bunch was probably three or five, you know, that are DMing me.

9:59Can I give you money? I didn't know what a Patreon was at that. People were like, do you have a Patreon? Do you have a Patreon? I'm like, what is a Patreon? Didn't even know what that was. Had to look it up. Like, oh, wow, there's an opportunity that people can just donate money to our cause. Like, and these people, do you have a shirts or anything we can buy? People were asking to buy from us before we were even trying to sell anything. And we each had stories like that on the same day when we walked in. So two or three days, in that short period of time, we're all getting messages like this.

10:30I think it's time to offer something. And why I think this is so important is that so many times people think of their idea of how they're going to make money and they try and build their business around that. And I just don't think, at least for me, that that's not the pathway. It was go build a community and you build a community by providing value to others. Go prove that first. Believe it or not, the making money part is actually kind of easy if you know how to do that first step. If you can do that first step, most people buy from people they like. And so if you provide enough value for free to build a community, then the services or the thing you decide to sell is one of the easier things.

11:11And for us, the natural thing was, well, what have we all done for 20 plus years? Well, we've written programs and helped every type of person I've trained. You name it, I've trained that. And not just one or two, but 10, 15, 20, 100 of those type of people. And then I've got two partners with the same type of a background. So it's like, we understand the average consumer who's trying to get in shape and how to do that correctly. And so it was like, we'll write programs. Okay, wait, wait, wait, wait, wait. Can I pressure test it? Can I poke holes? Can I take a sword? Okay, go ahead, go ahead. Okay, because I always think that I'm the voice of people who are listening.

11:44But you and I are on the same team. I do believe you build a community first and then you monetize. I 100%. Okay. Now, just yesterday, I was listening to a podcast with Aaron and Sarah Foster. They have something called The World's First Podcast. And what they were talking about, and they do very well in the pop charts. Very, very well. And so they were talking about how they've done their 200th episode, their investors. I mean, they're killing it. But they had said that what they think that they're missing is a community. Whereas other podcasters, so there's another pop culture podcast called The Toast.

12:14Now, The Toast, they have a community. They sell merch. Like, these people ride or die. She's filling out arenas of people just coming to watch a live podcast. And that's what a community does. So there's listeners and there's community. Oh yeah. Huge difference. And so how do you build like, okay, so we're not even talking about podcasts. Look, if you're sitting here watching me like this does not pertain to me because I don't have a podcast. I'm talking about anything. Anything. If I wanted to sell socks. Instagram, Facebook, LinkedIn, I don't care, blog writer. Okay. Okay. Okay. So based on what you know now and what you see, how do you start building community?

12:42Because it's one thing to say, build a community, then monetize. But people are like, that's the hard part. so look there's a couple things you said that i want to elaborate on because a great example and i i have the numbers and the data to share and show this is that you take somebody like joe rogan obviously i'm not joe rogan size podcast we have a good size podcast but nothing compared to him yet we have similar partners so some of the people that advertise with joe let's go i know where you're going some of these some of these partners advertise with joe rogan also advertise me and i've built incredible relationships with these people for the last decade.

13:15And so I'm very familiar with the type of numbers, revenue that he does and we do for these companies. And I can tell you, we outproduce what he does, yet we're a fraction of the size. But that's because people tune in to hear from us and what we have to communicate, not for our guests. Granted, they love when I bring a guest like you on the show, but I don't care if we've had Jordan Peterson, we've had lots of big name people, it doesn't outperform the three of us talking about health and fitness, because that's what we built it on. We built it on helping people with that. And yes, all those other people are great, but most of our community is tuning in to get that value from us, to get that from us.

13:56And so my point of that is that you can get a lot of attention through doing gimmicky things or being a great interviewer like Joe Rogan, but you're not tuning in because of him. he didn't really build community. He's a great podcaster. So there's a huge difference in getting attention and then building community. And building community means you're providing value and you're serving others. And so focusing, I would rather build value and service a hundred people than have a hundred thousand people just paying attention to me. That's how much more powerful serving a small community of people that you can actually help and provide value to versus just lots of people are paying attention to me.

14:40It's so good. And now in my, and I've learned a lot of this over 10 years. I didn't believe that or know that until I had enough people with millions of followers coming to my studio and then get the opportunity off camera to talk to them about business and revenue. And so many of them were struggling and they didn't have a real business. They had a lot of attention. They were famous. If him and I or her and I walked down the street, I wouldn't be recognized. They would. but if you looked at our business versus their, it didn't even compare because they hadn't built a business. So to your point or your question is that building a community is literally just servicing a group of people that you can provide value to and it doesn't need to be that big for it to be really successful.

15:25Yes and amen. Yes. Okay, good. So we talk about that and then I do want to point out this totally as a side note. When I was at the studio, I flew up for the podcast and Sal had just walked out of the front door and I was walking in and unbeknownst to anybody, there's a woman who's walking by and she looks at Sal. She's like, I know you. I listened to Mind Pump. Now your studio is, you guys, it's a gorgeous studio, but on the front side of it, it's very obscure. Like you would never know like the magic that's made in the studio. And so Sal is like, oh yeah, you listen. Come on in. We're gonna record a podcast live right now.

15:57Oh, I didn't even know you did that. So then she sat there in the back of the room and watched our podcast. and that's community. Yeah, I know where you're going with this and this is something that I try and tell a lot of these entrepreneurs. Like when you are, I don't have the same luxury today as I did when we first started, but if you commented on my Instagram or you DM, like I'm having full-on conversations with you regardless if you buy anything or not. Like that's how we built this crazy community is there was a time when the three of us talk to all hundred people that listen to us. I mean, those people feel like family because they had so much of our time when we had all that time to communicate to them because the way we looked at it, and I guess I think this is difficult for the young generation.

16:46If you're my age or older, I think you get this because these are rules of business before social media came around. If you were building anything, brick and mortar, and you open your store day one, and a person walked in, like, would you ignore them? Would you, and would you just say hi and then walk away? Hell no, you would be so excited that somebody walked through your door that you would go over and be the best version of you and find a way to give them value and answer any question they had. And we have led and built this business that way because that is what builds a strong foundation, a strong community.

17:25And then there comes a point where it gets very difficult. And we still, we talk in our meetings, this is stuff we talk about to our staff and our team is like, hey, we need you guys to be an extension of us. If you see somebody commenting or you see somebody on the street that, like, do not just ignore, sit, talk to them, help them, bring them in and bring them to me. Let me talk. So I think those values are so important when you're trying to build a community versus is what I feel like I see a lot of today, which is just trying to get attention. Because by default, if you do have millions of people paying attention to you for whatever thing you do that's gimmicky and gets attention, I mean, I guess you could sell some t-shirts and make a few hundred thousand dollars, which somebody might be going, oh my God, a few hundred thousand dollars.

18:11Yeah. But for millions of eyeballs on you, when all you would need is a few thousand eyeballs on you that are your community to do significantly more revenue than that. So I just. Okay. So this is a good point because you said selling t-shirts, but you guys, talk to me about when you decided to monetize, like what was that jumping off point? Okay. So that was like a year and a half in and it was let's provide. And by the way, this part I didn't share, I haven't shared this a lot, but Sal had already written the program before we even met. So he had a digital program. So I know we're bouncing a little bit here, but But before we ever even met each other, Doug and him were, he was a client of Doves and they were trying.

18:48I want to pause. So Mind Pump is four business partners. Yes. And Sal and Doug were co-partners, business partners. Yes. And Adam and Justin were homies partners. Yeah, we were building, Justin and I were building an app. And Sal and Doug were building a digital program to sell online. Okay. So I want you right now, just to kind of start thinking, what am I doing or creating that's in alignment perhaps of other people that were together, we create more value than us independently. So that was the original idea. We actually weren't going into business with each other. We originally were like, Hey, we have this thing, this app, you've got this digital program online.

19:31You, they, and they already kind of gone out to the internet and tried to sell and they had sold a handful or whatever over the course of like a year. and they realized like, oh, this is not going to be as easy as I thought it was going to be. Justin and I were building an app. I knew that, hey, when this app is all done, I'm going to need a community to at least start using it. And so the thought when we got together was we agreed we had value to give to an audience that would serve both of our visions. So same demographic, same audience, different offers, but together we're stronger. So I really want to use this conversation.

20:02Like how do we start thinking differently about our business when it's hard to get attention, hard to build community? And so this is why I think you guys did it so beautifully. So originally we have two separate offers. And then when you decide to monetize, what happens? So we decide to monetize. We just, and just to seal that or close that door. Like I quickly realized the app world was horrible. It was - Bless my heart for getting into it. Yeah, anybody who does it, I do. I have a tremendous amount of respect for anybody who can even finish the product because I had spent so much money. And I quickly realized this thing that we were building this Mind Pump podcast had so much more potential that I was willing to walk away from almost$100 ,000 investment.

20:41That's how powerful I knew where we were going versus what I thought we were going to do, which is also why I love to tell people, love your ideas, be passionate about them, but don't marry them. Be open to pivot and change because I thought I would be selling an app today that nobody's even heard of. And I was willing to walk away from almost$100 ,000 that I put into it because I now had a more clear vision of like, oh, this is the path. Let's keep doubling and tripling down on this, building this community of people we're serving and I'll come up with what we're going to sell. And now luckily, Sal had already created a digital program.

21:16He had already written it. It was already done. And he decides like, okay, let's use that. We all agree. I think this is a perfect product for us to sell. And because none of us were making any money at that was the point where we all said like, should we just do this together? Like, I mean, we built the podcast and we agree this podcast thing is more powerful than our other two businesses by themselves. Let's just do this thing together. And so we kind of put all our money in the pot, which was nothing at that time, a thousand bucks. I think that's what it was. And we go, okay, let's build this together.

21:45We launched a program. And I always like to communicate this too, because it wasn't like I was rich overnight. I mean, we sold like a few hundred. I mean, but a few hundred, the program cost$117. Do the math. Four guys divide that. We weren't quitting any of our other jobs. You know, it wasn't that kind of money, but it was enough for us to go like, okay, we're onto something. Yeah. We're onto something and let's keep going this way. And then again, it went back to let's keep building this podcast. And so for the first, so there was the first year, no money, second year of monetization. Only thing that we were selling was that one program was that one program and building the podcast.

22:26And it was still not enough money for any of us to walk away from our day jobs. We all were still running a studio, training clients. We had other businesses to keep us afloat, but we were starting to really pour ourselves into this. And so it wasn't until year two of monetization that we all looked at each other and went like, okay. I would have walked away sooner, but I also was the single guy with no kid. I had no kid. Did I have a mortgage at the time. I think I had a mortgage at that time, but I was a single guy, no kid. They both had families and a mortgage and way more overhead than I did.

23:02And the reason why I wanted to go then was because I think there's something to be said about putting yourself in a corner. I think that if you have this, I have this self-belief about myself and I do have this self-belief about my partners that the best version of us comes out when it's the scariest. I hate that. I agree. It's so true. I hate that. I agree. It's so hard to go towards that. It's natural for us to go. I mean, it's like see a lion go the other way. You don't go towards it, right? But the truth is the greatest fight in me is going towards the lion. Why do you think that's the case?

23:36I think it's because it puts you, life or death is probably a little exaggerated, but in life or death of the business, it puts you in that. It's like, I'm all in on this. It can't, it's gotta work because I need to feed my family or I gotta pay my bills. and so there's something to be said i think i think all of us even myself anybody we can always give a little or do a little more but we always leave a little something on the table even when you're hustling and grinding there's there's there's a difference between hustling and grinding to make it versus hustling grinding to live and when you're hustling and grinding to live and survive i think the best part of you comes out the best fight in you comes out and so i still to the And by the way, I still think when I look at 10 years now that it's gone by and lots of great success, I still think our Achilles heel is because we did never push ourselves to that.

24:30I think there's another gear that we all have. But because we kind of waited until we were comfortable to do it, we tend to do that in the business. And not to bounce all over these stories, but there's been very pivotal moments in the business where we had to make decisions of like, okay, things are slowing down. Are we going to do it? We're in the middle of that right now. and we drug our feet because we've been comfortable. Had we, I mean, I knew two years ago that we needed to make a move. In fact, when Hampton started, I was already communicating it to you guys, my peers. And that took way longer than it should have.

Read the full transcript

25:01I think it took way longer because we were comfortable. I think if it was do or die, or hey, if you want to pay your bills, we got to build this, solve this thing now, there would have been more urgency. And so it's all worked out, but I do think that there's something to be said about throwing yourself in that fire, especially if you've got that self-belief in yourself. Okay, I agree. Now, when you go back to that and say, I'm ready to go all in, we've monetized. So this is year three of the podcast, but year two of monetization. And so when you flash forward to today and you look back, like I want to show people what it could be, like what content could be in somebody's life.

25:39And so from my outside perspective, so I'm going to say what I think your business is and the arms of it, and then you'll go back and like tear them apart. Yeah, go ahead. Okay, because I mean - Because I haven't done a good job of telling you that yet. No, no, not at all. I have all the details because you and I go deep. And so I want to come here and I want to talk about how, one of the most mind blowing things for me is about a year, oh my gosh, it was a year ago. I called you with my COO and I said, Adam, I don't know what's going on with my podcast. It's costing me so much money. It's costing me so much time.

26:09I love the podcast so much, but it doesn't make any business sense. Yeah. And you had said, do it your own way with a lot more choice words. Do it your own way. Give a big middle finger to anybody else. Pull out some partners and just say, I want to work with you. And here's the thing, because you know how you said, oh, I waited too long because I was comfortable. Yeah. That's what I did. So here we are, you know, a year later, and it took me so many months to move. And the thing that actually kicked me in the R's was when you, and we can cut this out. We can cut this part out. was when you signed a seven-figure contract for a sponsor for your podcast.

26:44I'm not going to get into those details. But ladies and gentlemen, his podcast signed a seven-figure deal just for one. Just for one partner, they have multiple. And I think to myself, oh, that's what it can grow into. And it was this thing where you had said, and I don't know if I had enough confidence in myself or enough confidence in the show, and you said, Jasmine, we started reaching out to partners when we had just a few thousand downloads. and we were able to outperform and I heard you and it made sense, but I didn't listen. And then a couple months later, you're like, okay, so we signed this seven figure deal for this one, for this one sponsor, in addition to all the other revenue streams that you have in your business.

27:22So those revenue streams are going to be, you have podcast sponsors, just one is seven figure, just one, just one of them. We do have about, we have about 25 partners. Thank you. Thank you. They're not all that big, but we do have 25 partners and all of them are six figures or above. Yeah. Okay. It's a nice piece of the business. So that's a nice piece of the business. Then you have like hundreds and hundreds of digital training programs for people who want to better their lives. This is fitness, fitness training programs. So that's another multi seven figure revenue stream. Yep. And then you have a training for people, for trainers who want to build businesses.

28:00Correct. Yes. Is there another arm in the business that I'm not seeing? Yeah. So since you and I've talked, we've built a in-person and virtual coaching business for clients. So I now have five trainers that work underneath us who actually are coaching people one-on-one. That is the newest leg and arm and only been monetized for two months now. And it's already the first month it did six figures. So it'll be a seven-figure revenue stream by the end of the year for sure. So that's the newest arm. Okay. So we can do back of the napkin math. This started, now this is on the back of 10 years, 10 years of work and 10 years of showing up.

28:40How many podcasts are you guys dropping a week? Five. So you're dropping five podcasts a week right now. So you started at three to five. You're currently at five. You build out multiple seven figure revenue streams to build an eight figure business. Okay. So we're doing all of this stuff, but there's somebody at home right now who's getting in the way of creating the content when, when you had said we were awkward and it was bad. So how do we speak to those entrepreneurs to say like, this is the future, like this is possible? So I know it's cliche to say this, but to me, it's so important. I mean, this will be one of the lessons I teach my son is to become a master in anything.

29:15They say it takes about 10 ,000 hours. And so I, we literally were not focused on anything but that. I know how long it took me to be what I considered a master trainer. I was a trainer for five, six years, training hundreds of clients and still didn't think I was very good. It wasn't until like almost year 10 did I go like, okay, I know what I'm doing. I'm really good. Long time. And so because I understand that, and I know that this podcast thing is totally new to me, even though I'm talking about something that I'm comfortable with, this is way different and scary and uncertain and I suck. And so it's like, we had like blinders on.

29:54It's like, the reason why we chose five episodes a week is not a strategy other than get to 10 ,000 hours. And so not only are we shooting five of those a week, we're also shooting clips for YouTube. We're shooting clips for like any chance we can get to sit down and practice. That's what we're doing. And that's, I didn't learn by, I didn't get, I didn't hire someone who taught me how to do podcasting or do, and later on we hired people to sharpen our skills, but it was literally like, get out there and do it. You're going to learn so much along the way of failing. And as long as you're comfortable with that word, that failing and getting back up and doing it again.

30:33And I'm always, I'm a huge fan of make peace with the worst outcome and go. It's like, what's the worst? I'm going to spend a year making all these episodes and we don't make any money. Okay. So what? I'll have been better. And at that point, I can look back and go, okay, do I want to keep doing this? And that was the idea was just go get better, Go get good at whatever it is you think that you can do for others. And so you may be sitting at home right now going, okay, I have this thing I'm passionate about and I'm good at. Like, okay, cool. Go help people. Go show people. And expect to suck. Expect they don't care at first.

31:06Expect that you won't do it right. That's part of this. And so if you understand that, then your greatest advantage is the fact that you do have time right now, that you don't have a business, that you don't like go all in on that. Like do it as much as you can, practice as much as you can, get in front of as many people as you possibly can. And along the way, not only are you going to start to get good, but you're going to learn so much. So much of our success is, I know to do that because I did it all the other wrong ways first. And you just can't do that without practice. So this idea that, you know, you're sitting at home and you're listening to people like us talk and you're like, oh, I have this idea.

31:42And then you go try it once or twice and it doesn't work out the way. You're like, oh, I failed. It's not good. And you're done. It's like, no. if we thought like that, this would have never happened. Like we had to fail so many times before we really found our path and figured it out. So yeah, get up, move, go practice, go do it, go suck. It's part of the process. I mean, I just - I love it. That to me right there was like a social media clip. Like that little like Adam Schaefer rant was like, heck yes. Okay, let's clear that up. Okay. So one of the things that we were talking about in Jackson Hole that I wanted to bring people here to is there's a trepidation and I feel it too.

32:18And you and I even spoke about it. We're sitting on the couch and we're talking about our personal brands and how they're so attached to the business. So each of the guys of Mind Pump have their own personal brands and then there's the Mind Pump brand. And we always think to ourselves, okay, do we have to be on the treadmill? Like, are we building out our personal brands and they're so good and so successful? But when we stop showing up, then the business stops. And so we've been having a cool conversation around Mind Pump and like, what do you cast the vision? So somebody is watching and they're like, I don't know if I want to do this for 10 or 15 years.

32:46And you're at that point, 10 years in so much success. What do you see the version and the vision of the business living on outside of just you guys constantly showing up? I don't know if you realize what a great transition that is from the last conversation because complete transparency. I don't know what I'm doing. Welcome to the club, bro. Let's go. I mean, honestly, I have ideas. I have a vision. I have a plan, but I also could very much so fall on my face and I'm probably going to get some bumps and bruises along the way of this because I had a vision for us that, and it's kind of a crazy one, building a personal brand that I wanted to scale up and scale out.

33:25And I had that since day one. Like I knew I wanted to build this brand that was obviously around us and provides incredible value to a large community, but I also didn't want to get stuck doing it, doing the thing forever. And so in the back of my mind, every time I make a decision in the business, I'm always thinking about that. Like, okay, yeah, this makes more money. Yeah, it helps the business. But is it working towards my other goal of scaling out also? That is probably the most difficult thing that I'm doing right now that I'm always working on because we've reached a level of financial success that is already hard to like keep it going.

34:07We hit 10 years in a row of growth. We've not ever taken a step back. And that hasn't been easy, especially the last three years. And so I'm in this year right now where I am not on pace to outperform for the first time ever. And that is a huge burden and stressful and challenging, all stuff I love. But I'm uncertain of what that is going to look like. But I still use that as my, you know, the lens I look through when I go, okay, here's a direction we go. Hence also why I really moved into this trainer side. I've always known that's not the most profitable. It's not the best margins. It takes a lot of people and a lot of work to make a little bit of extra money, but it's actually one of the better ways for me to remove myself.

34:50I'm not needed when we're, so we're servicing probably, I don't know, we're, we're, we're, it's a fortune, about 150 people in our community now that is getting one-on-one coaching for my trainers where they have day-to-day contact with these trainers. But I don't have to do anything with that. I mean, I do things like pop my head into the video and say hi and do stuff like that to, you know, a lot of these people are obviously listeners and fans of the show. And so it's a way I can add a little bit of value to what they're currently doing and help my trainer. But for the most part, I'm not really a part of that.

35:22I mean, other than providing the community that they can serve. So it's allowed me, even though it's a smaller, you know, growth trajectory with the margins, it's another way for me to step out. So that's one of the hardest things right now is, because I do understand the things that I communicated when we first started, like, man, when you first start, you're building brand, you're building community, you better be talking to everybody. And so there's a plus and a minus to that. The plus is you will build a very, it doesn't even have to be huge, a very strong community of people that could provide a very good livelihood for you.

35:56But then it also is like, those people want you because they love you. They like you and that's why they're here. That's why they're spending money. And so how do you then continue to do that, but while you also kind of back yourself out of it? I mean, complete transparency. I'm not an expert at this. I'm figuring it out as I go and I probably make mistakes. I will make mistakes. And so, but that's a major vision for me right now is can I continue to sustain this kind of growth while also removing myself from a business? It's probably, I'm sure there's probably somebody who's far more wiser and successful than I am that's going, you're an idiot.

36:34You know, that's not going to work. If you're that person and you're watching the show right now and you think Adam's an idiot, send him a DM and give him something. Yes, I would. I would love to engage with you. I would love to argue with you and see where poke holes in my ideas, but that's what I'm trying to do right now is, and you know this better than anybody, it's a heavy, it's one thing to prove that you've got the value and you can build the community. And then it's a lot to continue to come up, show up and serve that community day in and day out in order to keep that sustainable business.

37:03That is probably the other side of the, you know, building brand and community and building it around yourself that is challenging that not a lot of people talk about because it's hard to do it. And like, who are we to complain? Oh, you have such a big business that people want you all the time. It's like, well, you know, do that for a decade or two. And then, you know, maybe you want to do some other things that isn't around that. So that's. Okay. So I did a business training program for Latino entrepreneurs at Stanford. And when you went in, the first thing they had anybody do was what they called a postmortem.

37:33And they said, you're going to have to look back and say what killed the business. And so if I asked you right now, five years from now, Adam is looking back at Adam of 2025. And I killed the business. And not that you killed the business, not that you killed the business, what would you have had to do to keep the business alive? What right now do you have to do to keep this business alive? And so I'm asking because I'm like, I'm right here with you. I'm right here with you. And I'm just like, what am I going to have to do to keep this business alive? So that it's like, wow, we could predict the future.

38:02And somebody who's watching right now can be like, that's the cost. I'm going to count the cost and that's the sword I'm going to die. So this is a cool, this is a cool way to frame this because not in that exact way, but I think like this a lot right now. And what I think, what I need to do is the same principles and core values that we built this on when there was a hundred people paying attention to us, I have to instill that in my people. My people, which I feel I'm so blessed right now, the way we hired, we took a, we really court and date someone before we put someone. The trainer business I'm telling you about, I have so much business there that it could overnight be doing five, 10 times the revenue, but I'm very slow to get there because these people are now going to represent me to the fullest because I hope one day they are the brand.

38:49And nobody knows this because we don't promote this, but all these trainers are doing all the things that we do. So they're building their own Instagram, shooting the cameras. They're nervous as hell. They're terrible doing it. Obviously me getting on and communicating that message would do better, would go more viral, get more attention, but that's not the vision. The vision is, Can I get them comfortable enough to do the same thing and inspire them to want to do it, get excited about it, and take them along that journey? It's going to be a long road. I know how long it took me, but that's okay.

39:18If I'm really going to scale out of this and keep it going, they are the future of the brand. And so I am putting a lot of me and my partners into these people that we are growing and developing. And so that to me is what will carry this on beyond me is they have to. and I love it because you know we we tried a little bit of hiring about a year and a half ago and you know it's so funny because I've made this mistake before I needed to learn again I guess you know was I was looking for someone who's already kind of famous online or is very comfortable in the camera and it's not and what I figured out was no I need somebody who is just in love with the brand and like the mission and the vision and is actually green raw and not very good yeah like Like that person, I can, and what I'm finding is shaping and molding them is obviously a longer path with the practice and reps again, but their heart, their values, they're so aligned with us.

40:20And so I'm in it. Like I get it. Like that's what I feel like, okay, this is the path. It's going to take me a little bit longer to get these people. But if they can impact people the way we impacted people, they will carry this brand on long beyond us. And so that's where I'm at right now. Right now it's like figuring that out. I mean, right before I came here, I just wrote a long text to all of them to just, and I have to remind myself of this, like that's what I'm doing. And so reminding them of the vision and thanking them when I see things that they're doing well, because yeah, if this is going to continue 10 years from now and I really did what I thought I could do, which is scale out, they have to become us.

41:02They've got to become us. And so I hope one day that you, and the way it'll probably look is that, well, and I think you actually gave me this idea because I was like, man, I don't see the three of us coming off the podcast completely and then three other trainers like coming, that just won't work. But if we introduce one of them, that's what I said in Jackson Hole, that's what I said. Yes. And if I just introduce them periodically in there and see how everyone receives them, I can slowly transition that way. And then maybe it's only one episode a week and then maybe it's two. So I believe that.

41:34But what I didn't know before was that I thought I needed to find a personality that already had this skill. And actually that has not worked for me. What's working for me is finding these young kids that are just, we changed their life. They've been listening to us since they were 19, 20 years old. they've been listening for 10 years are now 30 year old adults and they're like i believe in so much of what you're doing i want to do this and teach me show me it's like oh this is the way this is the way that's good that's so good that's good okay so i just want to do a brief recap and then we'll do some flash fire at the end okay okay so we started off by creating a community because you believe that you'd value to give not necessarily that you had a business idea not necessarily that you had like a skill set that you're like i'm gonna immediately monetize it's we can create value.

42:22And instead of selling one particular product, you've got a group of people to say, hey, we share an audience and we can create a win-win. And then all of a sudden people started asking you, how do we go deeper with you? How do we give you money? That was a clear indication that we're ready to sell something. You guys start off with a digital product. It's a good testing ground. It has a lot of margins there. And you expand the business from there. And then along the way, when you are building a community by value, that's how you're actually going to create multiple revenue streams within this.

42:51And one of the things that you had said was to start small and get a proof of concept, have no attachment to the outcome. And then another thing that you had said was your willingness to take action, to get scrappy and fail. And so we start stepping into that. And then we talked about this idea of what is going to have to be the idea, the thing, or the mechanism that will allow you not just to continue to scale and grow the business, but to scale out so that you are creating a brand that goes beyond just you, a brand that goes beyond just Adam, a brand that is mind pump. And we talked about the pathways.

43:24No, we don't know if that is the pathway, but you're hellbent on learning what that's going to be. And so for people right now who are watching and they're debating media company content, do I have the value? Do I have the thing? I want to ask three questions and I want you to go back to not the Adam that you were, because you were like, toehead is scrappy out there in the streets making it. You are going to win. Adam was going to win. But there's people who maybe don't have that level of confidence. And so let's go to the person who says, I have value to give. I know who I want to serve. I can't exactly get to that point.

43:57There's something that we haven't really addressed that I do want to address because I know I get this question a lot. You have to also remember that the podcasting was its own journey of sucking and getting good at that. But what you also have to remember is I sucked as a trainer for 10 years before that getting good at that first. So a lot of people are listening right now going like, oh, I think I have value to give. And maybe there's a couple of things I'm passionate about. It's like, well, how long have you been doing that? And have you become an expert on that yet? And so before you put the cart before the horse, and if you really have this vision and you want to do this, go get good or great at that thing.

44:31Okay. And that's actually more important than the podcast, media, building the community, because you still haven't even proven that you're really good at the thing you think you're good at. Like, go do that and focus on that. then we can talk about the community and the podcast and whether you use YouTube or whatever medium you use it doesn't matter whatever but there's a lot of a lot of kids that like oh they hear the podcast they're like oh yeah I want to oh me and my buddies we'll start a mind pump podcast and it's like well bro you're 20 and the thing you're trying to provide fitness is value because you've been a personal trainer for a year or two well you what you're skipping or forgetting was that I sucked as a trainer for 10 years first so and I don't want to discourage somebody's like oh oh my God, so you're saying this is 20 years away from me?

45:11Well, I don't know, maybe, but I really sucked. So like I see people way more talented pick up what I took a lot longer. So it may not take you even a fraction of that. Like I wasn't good in school. I came in this not very educated. So hopefully I can inspire somebody who's like really discouraged who thinks like, by all means, I shouldn't be doing what I'm doing. So that's my point. Somebody else could probably take a similar pathway and probably cut the time in half because they're smarter. They came in with way more education experience, whatever. They're more natural at some of these things.

45:43But that's the part that a lot of these young entrepreneurs miss is they see the fame, the attention on social media, and they want to skip right to that part. And the reason why this is a bit convoluted is because there's people that are getting a lot of attention that are doing gimmicky or they're trendy or whatever, but they're not really providing value. And that's different. We have to learn as a young entrepreneur that's wanting to do this, you have to learn how to tune out just the flash, flash in the pan attention because that comes and goes and it changes every month. What's the new trend or whatever?

46:17You need to look at people, and I think you're a great example of this because by no means you have tens of millions of people paying attention to you on Instagram. But let me tell you, your community is engaged, and everybody that is following this new is listening to you. They are there because they want to learn from you because you provide value. and those are the type of people you need to pay attention. Find the people that don't have millions of followers. Find the people that have maybe tens of thousands or maybe 100 ,000 followers or so and they are talking to their community and they're serving people.

46:47There's so much more for you to learn from that person than the kid who figured out what song to put with what background to put with what gimmicky dance to like get attention. Like that doesn't mean in business. That doesn't mean anything. Like, so pay attention to that. And so I think it's important to the kid that wants to do this similar path to understand that you need to first prove that you have something valuable to give. And you can think it, but it's another thing to like really know it. And if you don't really know it, then go put the reps in. Go fail at it, go suck at it, get better, get better, get better.

47:18Now, what's cool today is you can probably do that simultaneously while also practicing the new thing. So you can take - That's right. Yeah, so you could take the thing that I segmented, you know, sucking for 10 years as a trainer, get good, and then go 10 years. And you could actually do the both of them. You could kind of suck as a trainer. I mean, the example of that is what I'm doing with my trainers. I'll tell this audience so they know it's a San Jose. Oh God, I'm going to mess this up. San Jose trainers, Mind Pump. Maybe somebody can look that up. It's something like San Jose trainers or Mind Pump.

47:45If you search that on Instagram, you'll see. We don't tell anybody about it because we don't want it to be public yet. It's really serving as a tool for them to practice. And so here are a couple of trainers who have the same drive and vision as we had that we're allowing to practice. And so they're getting good at their trainer skills while also getting good at this. So hopefully I can accelerate everything that I had to go through over two decades in less than a decade because I can show that pathway. So go do that first. I know I went off on a tangent there, but I think it's, I know there's a person that is thinking like, oh, cool, I'll just go do the podcast.

48:17But then they still haven't even proven they really have something value or they know what they're talking about and whatever expertise. And hey, if you're 20, you're not supposed to. You're only 20. You're supposed to like go figure that thing out and go practice it and get good. So do that. Like get moving. I think the things that drive me the most crazy is this, the younger generation that is sitting still and asking all the questions, but not taking action. Go take action. It's not a generation thing, homie. It's not a young generation. It's just a, it's like a belief system. Like I see this in 20s, 30s, 40s, 50s.

48:48I see it in people who, you know. Okay. So that tangent was money. Like that is the hundred percent needed to be said. But now let's flash forward. You bought a gorgeous new home, NorCal. you have i don't know like an 18 car garage all of your performance vehicles okay okay you're collecting them now put yourself in the future and max your son is coming to you and says dad i'm ready i want to do i want to do x it could be business it could be anything yeah that he says yeah what are you telling him like beyond business i love this so joe decina founder of spartan you know who that is i do by name have you interviewed you have an interview no oh let me make that will be such a fun interview for you.

49:30He's just a brilliant entrepreneur. And Grady came from nothing like us. Incredible story. He told this story one time. He took his son to meet the gold medalist Olympic wrestler. Forgive me for not remembering the guy's name. I don't know if that wasn't the point of the story. And he took him to his house to meet his father and meet this Olympic. And the father took him downstairs into the basement where it was all mats for wrestling and practicing. And on the wall were all these check marks. And it was one hour, two hours, three hours. Every hour that he put into his craft, he documented on the path to 10 ,000 hours to be the, and you can see well over 10 ,000 hours on the, it's just, just an epic.

50:13I could only imagine walking in and being in that room and seeing that and the impact that hopefully made on his son. Whatever my son wants to do, I don't care what it is. I'm going to be all for it, right? So whatever he says to me, and then the thing that I'm going to teach him is that, is that awesome. You want to do whatever? Let's go get 10 ,000 hours in. First, I'll put it back on him. Do you want to be great? Do you want to be one of the best at it? Or do you just want to be okay at it? I want to hear him tell me like, daddy, I want to be great. I want to be the best. Cool. Let's go. Let me show you what that work looks like.

50:45And it's 10 ,000 hours. And let's start it. Let's start. I'll do it with you. Let's get going. And so I want him to be focused on the work that it takes to be great, not the outcome, not the cars and like all the that comes way later. It's let's go, let's go be great. And being great, boy, it takes a lot of work and it's going to be, it's going to be a long road, but boy, it's rewarding when you get there. And so in most people, son, they give up after hour 50, hour a hundred, very few people make it to thousands hours or 10 ,000 hours. But what happens? Max is 400 hours in and he's like, dad, I don't think this is for me what do you do then it's such a great question because it's not something that's even close to me yet of having to handle that and maybe i'll articulate this wrong today and change my mind because i have on so many things with raising a kid as i'm sure you know that'll be interesting i think if he's in a place like that because i don't i also don't want to force him to do something i'll clarify yeah he still loves it oh okay he loves it oh well then that's easy he still loves it he said i'm just i'm almost gonna laugh at this situation son this is part of it.

51:52You know how many times your dad wanted to quit or hated the thing he was doing? There's hundreds of times that that will, that is, and if I did a good job, I know we skipped to that part. That's the type of stuff that should be communicated at the beginning of it. Son, there's going to come a time when you don't want to do this. That wrestler that was doing that, oh, let me tell you, you talked to his father, he'll tell you there was many times he probably laid there crying, wanted to do something else, failed, got beat by somebody else. That is going to happen on this journey. On your way to 10 ,000 hours, you're going to get beat up.

52:24You're going to lose. You're going to have weeks where you feel like you went back a hundred sessions. You're going to have those moments. That is part of this journey. That is why so many people quit. That is why people won't make it to 10 ,000 hours. And so if you love this and you truly tell me you love this, then like, this is part of the game. So, and I believe this is a lot of parenting is, then this helps being a 40 plus year old, having it, raising a kid for the first time. Like as a 25 year old, I wouldn't know what to do any of this. I know how important it is for me to forecast things for my son today.

52:56Communicating with him what to expect, what it's going to be like, being patient. So I, a lot of that stuff when the day comes, I mean, for me, the day that he just says he wants to be good at or great at something, I can't wait. I don't even care what it is. That switch right there, now dad gets to come in. Now I get to go, okay, let me show you the pathway to that. And let me tell you about it. It's ugly and it's not fun. And most people quit. But I mean, we have a thing. I'm going to give me all emotion. I'm talking about my son. Give me a second. I didn't know that was going to come right there.

53:28He gets me like that. We have a saying that is Schaefer's never quit. And so my son, he's already had things in his life where he's been challenged with. And he already says that mantra. So he knows. So that if that day comes and he's telling me, The thing that will be hard is if he decides after those 400 hours, like, it's not for me. I don't like this anymore. That'll probably be a hard conversation because I'll have to decipher, is he saying that because it's hard right now? Or is he saying that because he truly doesn't like this anymore and sees a different path? So that - As a friend, can I speak truth?

54:02Yeah. You have done such a good job with your son and you've done such a good job with communication that when he tells you that it's not that, that you will ask the right questions and you will trust that your son will know. I think so too. You are going to ask those questions and you're going to know. I just know that. I hope so. I know it. I know it. That's why it was a hard question to answer in an interview like that. Cause it's like, well, man, would my son say that? And it's hard because he does it now. Like, because we've had that conversation, he'll have moments where he starts to get emotional.

54:32He's crying, he's challenged with something. And I don't even have to say it anymore. Like he says it to himself. and so it's like if I do a good enough job hopefully my son when that moment comes we'll know history yeah we'll know we'll know the truth and no matter what I say like I've already taught him that what to expect and things like that so good question hard for me to think that far ahead it was beautiful it was beautiful ladies and gentlemen the passion that you hear in Adam's voice about not just fatherhood but about building a business if you guys notice there was a parallel in what he was saying the advice that he's gonna give his son is the same advice that he's giving you right now.

55:05And he initially had said, oh, what I see in a lot of like young generations. And I actually don't think that that's it at all. It's anybody who's watching who wants to do something great. We have to ask ourselves, are we willing to put in the 10 ,000 hours? Because if we're not willing to do that and want to quit, feel like we're regressing, want to do something else, want to throw in the towel, become comparative, that that is part and parcel of what it is that we pursue. And so I want to say thank you for coming to the show. Thank you for speaking your truth. Thank you for just repping like bootstrapped people, like, you know, So Roughneck Brothers out here just turning it up and doing a big thing and showing what's possible for people.

55:37Like what you have done has changed the game for so many people. And right here in front of the audience, I'm gonna say thank you for changing it for people. Where do people go to connect with you and MindPump? I tell you what, not enough people use this. And I think it's such a cool tool is go to askmindpump.com. This is our AI tool that we built, I think five years ago. And it's really cool. If you have any questions related to health and fitness and you type it in there, not only will it kick off an answer like you're communicating to me, it'll also show you clips where we've talked about that in length.

56:08And so, and I always tell people whenever you're meeting me for the first time or hearing me for the first time, like don't go buy anything from me. Go take advantage of all the free valuable content that we've created. Go suck all that up. There's so much of it. And hopefully we can make an impact on you without you even spending a dollar. I love that. And here's a side note that I didn't even think I was going to bring up because it's totally tea. So he says, go to askmypup.com, which is what I did. And so we've been friends now for a couple of years. And when we were in Jackson Hole, we're out on a hike.

56:37And I was like, Adam, I was like, I'm trying, I'm trying to stay healthy for a long time for my baby girl. And I want to build muscle. I want it to be lean. I want to cut some weight. And I was like, so tell me, tell me. This is like the thing that every trainer gets so annoyed with. Like, what's a silver bullet? And then you look across from me and you just say, listen, I don't care what you eat or what you do right now because you're lifting and all I need you to do is hit your protein goal. You're like, you can worry about all that other stuff. If you hit your protein goal for the day, you're fine.

57:09And I'm telling you, I was like, I didn't believe him. So I go to AskMindPub.com and I'm just like, I'm this many pounds and I want to lose this. And straight up, it gave me the same dang answer, but with a lot more like resources behind it. And so AskMindPub.com, just save some time. You're going to be getting their answers from hours and hours and hours and hours of podcasted, deep research work around health and fitness. Adam Schaefer, you're the best, homie. Oh, you are. Like, just you. I'm so glad we finally did this. I am so happy we did this. Thank you. Like, so many impacts. So many people are gonna be impacted.

57:40I appreciate you. Thank you for watching and listening to The Jasmine Starr Show.

From the publisher

In this episode, I sit down with Adam Schafer—co-founder of the Mind Pump Podcast and serial entrepreneur—for a real-talk convo on building an 8-figure brand without outside funding. We dive into how he and his partners grew a scrappy podcast into a thriving business by leading with value, staying consistent, and building community.

We chat about why bootstrapped founders often downplay their success, how to monetize after proving your value, and the key differences between business, team, and personal branding. If you've ever questioned whether your slow start is worth it—this episode is your reminder to keep going.

Click play to hear all of this and:

[03:58] How two bootstrapped entrepreneurs realized their path was the one others envied

[05:41] The mission behind Mind Pump and how they started with zero expectations

[08:18] The 3-part framework Adam used to build value before monetizing

[13:20] How they monetized their podcast after proving the market

[15:45] Navigating business with multiple partners—and still liking each other

[21:11] Why consistency and community matter more than polish at the start

Listen to Related Episodes:

Connect With Adam Schafer:

Adam Schafer is the co-founder of the Mind Pump Podcast, a widely downloaded show aimed at demystifying fitness and health through candid, value-packed conversations. Alongside his partners, Adam has built a business empire that includes educational content, coaching, and training programs—all without external funding. He’s a straight-talking entrepreneur who values honesty, grit, and authenticity, and brings those qualities into every business decision and podcast episode.

📧 Join my Newsletter for a weekly cocktail of insider business strategy, personal reflections, and the journey of being a thought leader: https://jasminestar.com/newsletter 📧

For full show notes, visit jasminestar.com/podcast/episode556

Join my free, no-pitch live class called 3 Money Beliefs That Made Me Millions, and I’m sharing the exact mindset shifts that helped me go from million-dollar years to million-dollar months.

Save your seat -> JasmineStar.com/millions


More from The Jasmine Star Show

All 325 episodes
Mind Pumped: The Entrepreneurial Truth About Value, Vision, and Monetization with Adam SchaferThe Jasmine Star Show · 58 min
Listen in VO