Entrepreneurs
Openstage: 3 Brilliant Gems From Investor/CEO David Meltzer
In case you missed it, one of our previous openstage events featured an all-star crew of entertainers, DJs, and—of course—a super entrepreneur on the stage.
Just a quick 411 on what openstage is…
So once a month, WealthLAB hosts an exclusive, limited-capacity event in Brooklyn, NY with a rockstar entrepreneur on stage, basically breaking down their secrets to success.
(Then there’s standup comedy, DJs, SICK cocktails and networking, but that’s another story for another time…)
This time, we had none other than legit rockstar entrepreneur, social media star and investor David Meltzer on the stage, interviewed by real estate developer and WealthLAB founder Philip Michael.
David’s a Top 100 business coach, one of the most sought-after public speakers and host of Entrepreneur Magazine’s super podcast “The Playbook.”
(You may have seen him on Gary Vee’s stuff as well. That’s the guy he built his following with.)
And of course the talk was EPIC. Here are three brilliant gems dropped by David on stage.
1) Say thank you every day
One thing most people don’t do is appreciate the things around them. Of course, the vibration of gratitude triggers attraction, a 0.1-second strategy David said you can implement immediately.
“It took me nine months to do,” he said. “But now that I do it, things that I want in life come to me faster, I’m happier and my life is abundant.”
The strategy? Simply say “thank you” before you go to sleep every night for 20 days.
“It will change your life,” he said.
2) What your parents need from you
“Your parents only want to know a few things,” David said during the talk, after which many became emotional. One, that you’re healthy. That you’re happy. That you love them.
“That’s all they want to know,” he says. “So take a minute to text them or call them and tell them you’re happy, healthy and that you love them.”
3) Building a following: why followers don’t matter
Of course, David’s managed to build one of the fastest-growing channels on social media, propelling to nearly 300K Instagram followers, seemingly overnight.
“I didn’t know what DM’ing meant,” he said, bringing laughs from the crowd. “I thought it was saying your initials to indicate a message.”
When asked by Philip—who, like David, has a column on Entrepreneur.com—on how to build a following, his message was clear. Number one, know Gary Vee. “I was consulting for their sports agency. He became my mentor on social media,” he says.
Now, if you don’t know Gary Vee, you still have access to people who can help. “Never be afraid to ask. People would love to help,” he said.
More importantly, don’t worry about the followers. Just worry about building ambassadors. “Selena Gomez has 166M followers but can’t sell out a movie,” David said. “So what does that tell you?”
Instead, playing the long game, impacting two people who then impact two and before you know it, your reach compounds. Naturally.
A recession can be a challenging time, but it can also present opportunities for investors to make smart investment decisions.
During a recession, certain industries tend to perform better than others, and identifying these opportunities can be the key to success.
Here are the top 10 investment opportunities to capitalize on during a recession:
1. Defensive Stocks
Defensive stocks are those that tend to perform well EVEN during economic downturns.
These include companies that provide essential goods and services, such as healthcare, utilities, and consumer staples.
Defensive stocks may not offer the highest returns, but they can provide stability and protection during a recession.
Defensive stocks include Johnson & Johnson, Procter & Gamble, PepsiCo, and Walmart, among others. (You can buy them all inside the NYCE app.)
2. Gold
Gold is often seen as a safe haven during times of economic uncertainty.
As a tangible asset, it can provide a hedge against inflation and currency fluctuations. During a recession, the price of gold may rise as investors seek a safe haven for their money.
READ: 3 Ways To Invest In Gold (In 3 Minutes Or Less)
3. Real Estate
Real estate can be a good investment opportunity during a recession. Especially if you are looking for a long-term investment. (Hence why NYCE exists.)
While property values may dip during a recession, they tend to recover over time. In addition, rental properties can provide a steady stream of income, even during a recession.
After all: Real estate has created more millionaires than any other asset class.
4. High-Quality Bonds
High-quality bonds, such as U.S. Treasury bonds, can be a safe investment during a recession.
These bonds are backed by the full faith and credit of the U.S. government, which makes them less risky than other types of bonds. (Though this has become less safe today than in the past.)
They may not offer the highest returns, but they can provide stability and protection during a recession.
5. Consumer Discretionary Stocks
Consumer discretionary stocks are those that are tied to consumer spending, such as retail, travel, and entertainment companies.
During a recession, these stocks may suffer as consumers cut back on non-essential spending.
However, if you believe that the economy will recover, investing in consumer discretionary stocks can be a good bet.
6. Healthcare Stocks
Healthcare stocks tend to perform well even during economic downturns, as people still need healthcare services regardless of the state of the economy.
In addition, the aging population in many countries is driving demand for healthcare services, which can provide long-term growth opportunities for investors.
7. Technology Stocks
Technology stocks can be a good investment opportunity during a recession, as many companies in this sector have strong balance sheets and cash reserves.
In addition, the shift towards remote work and online shopping during the pandemic has increased demand for technology products and services.
8. Emerging Markets
Emerging markets can be a good investment opportunity during a recession, as these countries may be less affected by the economic downturn than developed countries.
In addition, emerging markets often have higher growth rates than developed countries, which can provide long-term growth opportunities for investors.
9. Dividend Stocks
Dividend stocks can be a good investment opportunity during a recession, as they provide a steady stream of income even during tough economic times.
Look for companies with a history of paying dividends and a strong balance sheet.
10. Cash
Finally, cash can be a good investment during a recession, as it provides flexibility and liquidity. Having cash on hand can allow you to take advantage of investment opportunities as they arise.
In conclusion, while a recession can be a challenging time for investors, it can also present opportunities for smart investment decisions.
By identifying the top investment opportunities during a recession, you can position yourself for long-term success.
Entrepreneurs
From Zero to Millionaire: How 9-5 Marketing Guy Made A Fortune Selling Pet Rocks As A Joke (1)
No BS—this is actually a real story.
The pet rock—a seemingly ridiculous idea—became a sensation and made its creator, Gary Dahl, a millionaire in the 1970s.
Dahl, a marketing executive, came up with the idea as a joke during a conversation with friends.
He packaged rocks in a cardboard box with holes and called them “pet rocks,” complete with an instruction manual on how to care for them.
There was virtually no upfront investment, as the rocks themselves were free, and the packaging was inexpensive.
“It was a joke,” Dahl told ABC News years later. “It was a satire. It was fun. And it became an overnight success.”
The pet rocks became an instant hit, with Dahl selling over a million of them in six months.
LEARN: How to build a $100K side hustle in 1 hour.
He appeared on popular TV shows and even wrote a book about his success. The pet rock craze died down after a year, but Dahl had already made his fortune.
After the pet rock craze died down, Gary Dahl continued to work in marketing and advertising.
He also tried to launch other novelty products, such as “sand-breeding kits” and “mood rings,” but none of them achieved the same level of success as the pet rock.
“I think that’s one of the things that is wrong with business today. People are so serious, they forget to have fun,” Gary Dahl said.
The success of the pet rock shows that sometimes the most unconventional ideas can lead to great success.
Case Study: How A $49 Investment Could Make You $100K+ In 6 Months
Why Gary’s story matters to you…
The story of Gary Dahl and his pet rock is a testament to the power of thinking outside the box. Sometimes, it’s the seemingly ridiculous ideas that can lead to the biggest successes.
Dahl’s story is not only inspiring, but it’s also a reminder to keep a sense of humor and not take ourselves too seriously.
In business, it’s easy to get bogged down in strategy and analysis, but we should never forget the importance of creativity and fun.
The success of the pet rock is also a lesson in the power of marketing.
Dahl’s packaging and instruction manual turned a simple rock into a desirable product. It’s a reminder that sometimes it’s not the product itself that’s important, but how it’s presented to the world.
So if you’re feeling stuck in your business or just need a little inspiration, take a cue from Gary Dahl and his pet rock.
Keep an open mind, don’t be afraid to take risks, and don’t forget to have a little fun along the way.
Who knows…you might just come up with the next big thing.
About author:
wealthlab is a platform for hustlers, doers, entrepreneurs and investors to do epic s&%. Our mission is to create 100M new investors worldwide. Join our academy here.*
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