How to Get Rich From the Wolf of Wall Street | Jordan Belfort
Jordan Belfort shared his advice on running a business and the rules he uses to hire, manage and fire people. He’s recently written a book about how to invest without getting scammed that seems to be full of extremely reasonable information for the average person. Hint - avoid money managers. If you want to learn about long term financial planning, as well as how to optimize business operations, this is a handy episode. Jordan Belfort is an author, motivational speaker, and former stockbroker. In 1999, he pleaded guilty to fraud and related crimes in connection with stock-market manipulation and running a boiler room as part of a penny-stock scam. After 22 months in prison, he published a memoir, The Wolf of Wall Street, which was adapted into a film starring Leonardo DiCaprio. Jordan now uses his experiences to teach people how to make and maximize their money.
Chapters
- 0:00Intro
- 1:01The rules of money and business that have driven Jordan’s success
- 6:23Can anyone learn the skills needed to be successful in business?
- 10:36The importance of focusing on both the inner game and the outer game
- 15:47What does it take to effectively communicate your expertise in business?
- 18:13One of the most common mistakes business owners make that sabotage their success
- 24:186 key strategies for managing employees, including when to fire someone
- 30:58Why the stock market “experts” are costing rather than making you money
- 35:08The secret to building wealth in any economy
- 35:54The #1 rule anyone can use to accumulate wealth in the stock market
- 42:55Why is having a money manager the norm if they don’t actually make you money?
- 46:13The ultimate investment advice for beating the market on a consistent basis
- 50:18The one reason to hire a financial planner and the advice you should run from
- 53:19When you’re looking for help in business, how do you avoid getting scammed?
- 54:40The potential landmines in real estate investing and how to avoid them
- 58:10Is Wall Street promoting the woke agenda?