TMBA 591: The Surprising Habits of Wealthy People with Noah Kagan

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Our good friend Noah Kagan recently published a video that caught our attention.

Noah is the founder of AppSumo.com, and his YouTube channel has been a favorite destination of late for thoughtful content about entrepreneurship and creating wealth.

That video was called 10 Surprising Things About My Richest Friends, and in it, Noah outlined some specific habits that he has seen time and time again among the wealthiest people he's met.

We were so enthralled by some of the unorthodox ideas he presented that we had to talk to Noah to dig a bit deeper.

In today's episode, Noah joins us to discuss the types of habits that the super-wealthy cultivate, how people become rich in the first place, and what we can do to emulate some of these behaviors ourselves.

Listen to this week's show and learn:

  • What inspired Noah to explore this topic. (4:46)

  • Why wealthy people don't become wealthy from investments. (16:42)

  • How wealthy people aren't usually smarter than the rest of us. (24:47)

  • The importance of putting yourself in a winning place. (34:13)

  • Why the wealthiest people tend to go "all in". (40:34)

Mentioned in the episode:

Before the Exit - Our New Book
Partner With Us
The Dynamite Circle
Dynamite Jobs
Dynamite Deals
Tropical MBA on YouTube
Post a Remote Job
Dynamite Jobs - Remote Recruiting Sales Page
Let's Talk High-Level Podcast Strategy for 1 Hour
Noah Kagan
10 Surprising Things About My Richest Friends
AppSumo
Mr. Beast
Logan Paul
Tai Lopez
Grant Cardone
Nassim Taleb
The Forbes 400
Aswath Damodaran
A Million Miles in a Thousand Years by Donald Miller
David Hauser
Kettle and Fire

Enjoyed this podcast? Check out these:

TMBA405: A Conversation with Noah Kagan
TMBA588: Getting Comfortable With Failure
TMBA590: Mailbag: How Long Does it Really Take to Achieve Freedom?

This week's sponsor:

Dynamite Jobs Logo - TMBA Sponsor

Today’s podcast is sponsored by Dynamite Job’s Done-for-You Recruitment Service.

If you run a growing seven or eight-figure remote company, your next productive team member could be just one simple phone call away.

Our recruiting services are designed to save weeks or even months of your own effort in the hiring process. While we’re finding your next dream team member, you can avoid the ‘job board grind’ and ‘hiring hustle’ to instead focus on building a better business.

The process starts with a free, no-obligation call with one of our senior recruiters. We’ll then go out and execute the entire job search on your behalf. The job will be marketed to thousands of candidates, the applications will be filtered down, the talent will be interviewed, and you’ll receive the top picks hand-delivered.

Hiring can be a total pain but the team at Dynamite Jobs is doing it successfully and efficiently every day. Schedule a call with their team and learn more here.

Listening options:

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Have comments about the show?

Do you have ideas for things you'd like Dan and Ian to discuss on future episodes?

Our producer Jane would love to hear from you at jane@tropicalmba.com or leave us a voice message using the record button below.  

Thanks for listening to our show! We'll be back next Thursday morning 8AM EST.

Cheers,

Dan & Ian

Full Transcript

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TMBA 592: An Entrepreneurial Approach to Investing

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TMBA 590: Mailbag: How Long Does it Really Take to Achieve Freedom?