How to Get Paid to EXIST
Summary
TLDRThis video script reveals a formula for wealth creation: Value = (Personal Brand + Unique Skills) x Network + Impact / Effort. It emphasizes building a strong personal brand, honing unique skills, expanding one's network, and making a significant impact with minimal effort. The speaker shares personal experiences and actionable advice on investing in oneself, skill enhancement, networking, and leveraging technology to achieve success.
Takeaways
- 💡 The speaker emphasizes the importance of being paid for one's value and existence rather than just time spent.
- 📈 The equation for success according to the speaker is: Value = (Personal Brand + Unique Skills) x Network + Impact ÷ Effort.
- 🏆 Personal Brand is about how you are perceived, including online presence, real-life appearances, and general image.
- 🛠️ Unique Skills encompass specialized knowledge and abilities that set you apart, including both hard and soft skills.
- 🤝 The Network factor involves the relationships and contacts one has, which can include peers, mentors, mentees, and industry contacts.
- 🌐 Impact is about the measurable outcomes and results achieved, such as successful projects and satisfied clients.
- 💪 Effort represents the minimal input needed to generate significant value, highlighting efficiency and leverage.
- 🚀 The speaker shares personal experiences, such as overcoming stage fright and building a strong personal brand through various ventures.
- 💼 The speaker advises investing in one's personal brand by spending time and money to cultivate a compelling and authentic image.
- 📚 Continuous learning and skill enhancement are stressed, including practical application and keeping records of achievements.
- 🔗 Building a strong network is crucial, and the speaker suggests engaging in social activities and following up with meaningful connections.
- 🎯 Setting clear goals for impact and identifying high-impact activities are key to optimizing effort and achieving success.
Q & A
What is the equation mentioned in the transcript for generating wealth?
-The equation for generating wealth mentioned in the transcript is Value = (Personal Brand + Unique Skills) x Network + Impact / Effort.
How does the speaker define 'Personal Brand' in the context of the equation?
-In the context of the equation, 'Personal Brand' refers to how one is perceived, which includes online presence, real-life appearance, and general image.
What are 'Unique Skills' according to the transcript?
-'Unique Skills' are the specialized knowledge and abilities that set one apart from others, encompassing both technical and soft skills.
What role does 'Network' play in the wealth generation equation?
-'Network' in the equation represents the relationships and contacts one has, including peers, mentors, mentees, industry contacts, and followers.
Can you explain the 'Impact' component of the equation?
-'Impact' refers to the measurable outcomes and results achieved, such as successful projects, satisfied clients, innovations, and contributions to one's field.
What does 'Effort' signify in the wealth equation?
-'Effort' signifies the minimal input needed to generate significant value, representing the efficiency and leverage of one's contributions.
How did the speaker overcome stage fright to become a paid speaker?
-The speaker overcame stage fright by building their personal brand and leveraging their experience, which led to paid speaking engagements worldwide.
What is the significance of the speaker's investment in over 200 companies?
-The speaker's investment in over 200 companies demonstrates their expertise and strategic vision, contributing to their unique skills and personal brand.
How does the speaker suggest one should invest in their personal brand?
-The speaker suggests investing in one's personal brand by spending money and time, being consistent in messaging, and engaging with the audience through content creation.
What advice does the speaker give for enhancing unique skills?
-The speaker advises enhancing unique skills by identifying skill gaps, taking online courses, getting certified, and applying learned skills through practical application.
How should one build their network according to the transcript?
-One should build their network by hosting events, joining professional groups, engaging in social activities, and following up with connections to foster relationships.
Outlines
💰 The Secret to Wealth Creation
The speaker shares the formula that helped them amass their first million dollars, emphasizing the importance of being compensated for one's existence rather than time. The equation provided is Value = (Personal Brand + Unique Skills) x Network + Impact / Effort. The speaker explains each component of the equation, using their own journey as an example. Personal Brand refers to one's image and online presence, Unique Skills are the specialized knowledge and abilities that set one apart, Network consists of relationships and contacts, Impact is the measurable outcomes one achieves, and Effort is the minimal input required to generate significant value. The speaker's case study includes their investment in companies, authoring books, and organizing events, demonstrating the application of the equation.
📈 Growing Your Personal Brand and Skills
The speaker advises on how to invest in one's personal brand by spending time and money to cultivate an authentic image. They stress the importance of self-reflection to understand one's strengths and uniqueness. Consistency in messaging across online platforms is also highlighted, with a tip to maintain the same profile picture for brand recognition. Content creation is encouraged as a way to share knowledge and engage with the audience. The speaker also discusses enhancing one's skills through continuous learning, practical application, and keeping records of achievements. They emphasize the importance of building a network and engaging in social activities to foster connections that can lead to opportunities.
🤝 Building and Leveraging Your Network
The speaker outlines strategies for building a strong network, starting with organizing small gatherings to facilitate introductions and fostering conversations. They suggest joining professional groups and engaging actively in social activities to contribute and build relationships. The importance of following up with new connections and setting clear goals for impact is discussed. The speaker also talks about identifying high-impact activities and prioritizing them to maximize outcomes with minimal effort. The concept of optimizing effort to achieve a high return on investment in time and energy is introduced, along with the idea of using technology and tools to enhance productivity.
🔋 Maximizing Impact and Minimizing Effort
The speaker focuses on the effort component of the equation, advocating for the optimization of high-impact, low-effort activities. They discuss the importance of delegating tasks and using technology to save time and increase efficiency. The speaker shares a personal anecdote about setting boundaries and prioritizing self-care to maintain the quality of their work. They emphasize the value of continuous improvement and the pursuit of daily self-betterment. The speaker concludes by reiterating the importance of the equation in achieving wealth and success, and encourages the audience to apply these principles in their own lives.
Mindmap
Keywords
💡Personal Brand
💡Unique Skills
💡Network
💡Impact
💡Effort
💡Equation
💡Content Creation
💡Consistency
💡Delegation
💡Boundaries
💡Continuous Improvement
Highlights
The equation for wealth is Value = (Personal Brand + Unique Skills) x Network + Impact / Effort.
Personal Brand includes online presence, real-life appearance, and general image.
Unique Skills are the specialized knowledge that sets you apart, including hard and soft skills.
Network consists of relationships and contacts, including peers, mentors, mentees, and industry contacts.
Impact is the measurable outcomes and results achieved, such as successful projects and satisfied clients.
Effort represents the minimal input needed to generate significant value.
The speaker overcame stage fright to become a well-paid international speaker.
The speaker's personal brand includes being a prolific investor and author.
Skills include investment knowledge, storytelling, and strategic vision.
The speaker's network includes influential figures like Mark Cuban and thousands of founders and investors.
The speaker's impact is immeasurable due to numerous investments and inspirational work.
Effort is about strategically focusing on high-impact activities and setting boundaries.
Invest in your personal brand by spending time and money on cultivating a compelling image.
Consistency in messaging across all online platforms is key to building a personal brand.
Content creation is essential for sharing knowledge and engaging with an audience.
Enhance your skills by identifying skill gaps and engaging in continuous learning.
Practical application of learned skills is crucial for skill enhancement.
Building a network starts with fostering connections and asking for help with challenges.
Joining professional groups can significantly expand your network.
Engaging and contributing in social activities is essential for network building.
Setting clear goals for impact helps to measure and document achievements.
Optimizing effort for high impact and lower effort leads to a higher ROI in life.
Delegating and outsourcing tasks can help to focus on the highest impact activities.
Creating boundaries is crucial for maintaining quality and avoiding burnout.
Continuous improvement in personal and professional life leads to better outcomes.
Transcripts
this is the equation that helped me make
my first $1 million and once you learn
this equation money will be automatic
and wealth will be inevitable I used to
have debilitating stage fright but now I
get paid to speak all over the world and
my rates are available if you look hard
enough online so someone asked me how in
the world did you get paid so much
to speak for 45 minutes and I told them
I didn't get paid that much five figures
to speak for 45 minutes I got paid that
much for 40 years of my experience what
I'm going to teach you in this video is
how to get paid not for your time but
for your very existence I want you to
write down this equation value equals
personal Brand Plus unique skills and
that's in parentheses times Network plus
impact and that is in parenthesis
divided by
effort your personal brand is how you
are perceived this includes your online
presence how you show up in real life
and your general image unique skills
this is the special itiz knowledge that
sets you apart from other people this
can include technical or practical so
hard skills and what they call soft
skills your network these are the
relationships and contacts that you have
and that you build this can be your
peers your mentors your mentees industry
contacts and more in your network your
followers are also included impact the
measurable out outcomes and results you
achieve this can be in the form of
successful projects satisfied clients
Innovations and contributions to your
field effort the minimal input that you
need to exert to generate significant
value this represents an our equation
the efficiency and leverage of your
contributions so let's break it down and
look at me as a case study my personal
brand is something that helped you find
this video whether this is the first
time you're ever hearing of me or you've
been riding with me for a long time my
personal brand had a lot to do with you
being here most people know me as
someone who is a prolific investor I've
invested in more than 200 companies in
the last decade someone who has my own
companies including yacht waterer H
runner. and more someone who put on a
2,000 person event nla in 2024 called
your first million live where Issa Ray
Rich Paul and TLC were just some of the
guests a paid speaker an author of two
books on major Publishers it's about
damn time from 2020 and your first
million from 2024 and so on and so forth
you know me from one or more of these
themes and if you didn't before now you
do my skills I've invested in more than
200 companies I know a thing or two
about making investments in startups and
championing underestimated Founders I
have a way of Storytelling that helps
draw people in and I have a strategic
Vision that some people say is inspiring
so this sets me apart in a lot of ways
from traditional Venture
capitalists my network my network is
really interesting you have people like
Mark Cuban who I have a $6 million joint
venture with I have thousands and
thousands of Founders in my network that
I can call upon at any time and
thousands of investors that I know and
in my close Circle there are doctors and
lawyers and authors and teachers and
mechanics and all sorts of people who I
can call upon and brainstorm with almost
any time and they feel the same way
about me there are people in my network
who have made millions and millions of
dollars in the last few years alone and
live lives that I once only dreamed of
my network helps me amplify my reach and
create opportunities for other people so
my impact probably is immeasurable
because of so many Investments made and
so many people watching and being
inspired by the work that I do effort
this part is important I have learned to
strategically Focus my effort by
focusing on high impact activities I
also have learned a lot of boundaries
and how to say no to 90% of what is
offer to me make sure you are a
subscriber of my YouTube channel and
that you hit the like button right now
when you hit the like button what it
does is it tells YouTube in the
algorithm that people are interested in
this video and that they're watching a
lot of it and then that helps it get
seen by more people there are more
Impressions and then it's my job to make
people click and to keep people
interested so it'll help me out so much
if you hit the like button right now and
subscribe more than 60% of the people
who watch my videos do not subscribe to
my channel so if you don't want to miss
a video if you're getting any type of
value from this and if you want more
people to learn this equation hit the
like button and subscribe all right I
want to teach you how to apply this
equation in your life starting today
first thing you're going to do is invest
in your personal brand and I mean invest
money and time and if you don't have a
lot of money spend more time if you
don't have a lot of time spend spend
more money your job is going to be to
cultivate a compelling and authentic
image so said another way you're just
going to be yourself in front of more
people this starts with some
self-reflection you're going to start to
understand what some of your strengths
are your values your beliefs what you
hold dear what is true about you and
what makes you unique and before you say
there's nothing that makes you unique I
guarantee you there is you start with
points on board because there's only one
of you in the entire world this
introspection this looking inward is a
crucial First Step the next part of the
personal brand is consistency in your
messaging ensure for instance that your
online presence is consistent across all
of social if you have a personal website
if you have a LinkedIn if you have a
YouTube if you have anything online try
to keep it consistent now we know we use
different platforms for different parts
of ourselves and we contain multitudes
but if someone visits a different page
they should see the same person maybe
just a different mood and one hack I
learned from a guy named Ryan Hoover who
runs product Hunt is that you should
keep the same image consistently I have
an image that is eight or nine years old
on my Twitter account and I refuse to
change it because if I change it I'm
disrupting that personal brand that I
have created I'm disrupting that person
personal brand that I have cultivated
for so long content creation share your
knowledge and experience and wisdom with
other people through content like a
YouTube channel I have videos on my
channel that teach you how to start a
YouTube channel why you should start one
and how you can actually get paid to
promote your company or brand you also
want to engage with your audience once
you have one that's all part of your
personal brand you'll noticed that I do
that so much and I've been doing that
for more than 20 years and there are
people who have been following me for
those 20 years or for 10 years or five
years and it's because I responded to a
comment or liked something that they
posted or retweeted reposted shared
their stories that is really how you
cultivate your audience they become part
of a community that you're building next
you want to enhance your skills you want
to Stack your skills you want to
identify where there may be skills gaps
you can take online courses you can take
online quizzes to help you with that
things of that nature you can read
different job descriptions in your lane
and see what you're able to do and what
you're not able to do at a job that pays
you more than you get paid now that's
one way to understand what skill Gap you
may have you're going to do continuous
learning online courses going to events
you're going to get certified if you
need to and there are really unlimited
way that you can stack your skills I
still do this every single day I read I
watch a lot of YouTube videos that are
tutorials educational in my Lane in what
I'm interested in and I'm always trying
to get better and smarter and better and
smarter every single day because when I
was broke I had no money I was on food
stamps 10 years ago or so and I was
trying to raise a venture capital firm
that now I have backstage Capital when I
didn't know if I was going to eat what I
did know is that I could learn every
single day and nobody could take that
away from me so that was an empowering
thing for me is to know no matter what's
going on in my life I can learn and be
better than the day before you also want
to do practical application don't just
learn you also want to implement so you
can volunteer to do something for
someone you can take on a new project
you can do something that other people
get paid to do if you're just learning
so you can become The Apprentice for
yourself there are a lot of options
there too that we should think about
when we're thinking about stacking those
skills think about when you're trying to
learn a new language you can learn a lot
in the textbook and on the app but until
you're talking to someone who speaks
that language it doesn't click all the
way that's what you want to do with all
types of learning while you're learning
keep receipts you want to be able to
later on say what your credentials are
say what you've learned it doesn't have
to be oh I went to this college it just
needs to be that you know certain things
that you created a school for yourself
this is what I did and this is how I
made my first million and Way Beyond
your network you are going to build your
network starting today one main way to
do this if you haven't started building
your network I talk about this another
video where you can have a five or six
person dinner maybe you invite 10 people
to it and half of them say yes they come
to the dinner you introduce them to each
other you have everybody go around the
table and say who they are and what's
important to them and then you Foster
conversation and at some point during
that dinner you're going to say there's
one ask that I have and you're going to
talk to them about maybe one challenge
that you have do not ask them for money
because you just met them or you it's
not the right time but ask them does
someone know a mentor does someone know
the answer to this question I've had
does someone know how I should approach
this challenge because I'm stuck and
that's going to be the beginning of an
outpouring of help for you because
you're fostering that with other people
they're going to want to reciprocate
that so don't expect anything that same
day do this have it be a cool experience
and then somewhere in the universe it'll
come come back to you you might want to
join a professional group I have worked
with Chief before for women Executives
that's a good example there's so many
other examples I know that afrotech has
an executive program I know there's so
many places you can go but you want to
join these it doesn't have to be for
corporates either it can be for
entrepreneurs it can be for teachers it
can be for writers there's so many
places they're all over the internet and
all you need to do is vet
talk to a few people who are already in
the group and ask to join and obviously
some of these cost money and if you
can't afford it right now what did I say
before if you don't have a lot of money
use a lot of time so maybe there's a
bartering thing that you can do or maybe
you're simply going to raise and earn
that money by doing other things and
that is going to be your aspirational
next step it's important to engage and
contribute during these different social
activities I know for some people that
can be difficult but honestly even if
you offer someone help oneon-one and not
in front of a big group it's going to
come back tenfold to you it's so
important that you engage it's just like
being online you know the algorithm
rewards you when you like other people's
content and when you watch other
people's content and you're not just
someone who is on a platform only trying
to get likes and Views so the more you
contribute to the ecosystem system
whether that's online or in person
whether that's for a social platform or
for a group you're in that is going to
really reward you in the end make sure
that you follow up so if you meet
someone and you have a great
conversation with them try not to drop
the ball there that's why it's important
not to try to meet as many people as
possible when you go to conferences or
concerts or events you're trying to meet
one or two people that you have a true
connection with that you can then follow
up with impact for your impact you want
to set clear goals if you think about me
10 years ago I said I want to invest in
100 companies led by underrepresented
Founders by 2020 now my Venture fund
backstage Capital reached 100 companies
in May of
2018 because I had that Clear Vision and
that statement of what I wanted to make
happen in the world yours doesn't have
to be that big it doesn't have to be
that impactful just yet but if you have
something where you say this is a
milestone that I want to do this is why
I say write your own headlines in my
first book it's about damn time there's
a whole chapter about writing your own
headlines giving yourself that North
Star another thing you're going to do
which is also part of effort is you're
going to identify high impact activities
things that over index on outcomes for
less amount of time or effort and make
sure that you prioritize things that
align with you align with what you want
and what you want the world to look like
again you're going to measure and
document you're going to keep the
receipts because what you're going to do
with that later you're going to use
those earned achievements in so many
ways for instance maybe you'll write a
book of your own or if you already have
a book maybe there are two or three more
books in you but it's that lived
experience that impact and that
documenting that gets you there so the
big one is effort if you can get the
effort right and calibrate it to be
optimized you're going to be unstoppable
just what I said about impact you're
going to optimize for high impact lower
effort and this is not because we're
going to be lazy this is because the
more leverage we have the more we'll be
able to do in our lifetime and impact
the world you want a high
Roi return on investment when it comes
to your time and your effort one way to
do this really well is to delegate and
Outsource there's a book called buy back
your time by Dan Martell that I want you
to pick up or listen to the audio
version as soon as you can and this will
show you how to take back your life buy
back your time so that you can focus on
only the highest impact activities
you're also going to use technology and
tools and yes even AI to collapse time
we are very fortunate people we live in
a very opportune time where things take
so much less time to accomplish than
they have in the past so you're going to
turn those tools that you may be afraid
of right now into a jetpack I said
before that one of the things that has
helped me make my first million and
Beyond is creating boundaries for myself
I used to have no boundaries whatsoever
now I have strict boundaries who I speak
with who I spend time around whose
energy gets to be around me what I say
yes to and what I say no to these are so
important I'll give you a quick example
a few weeks ago I had a three or four
week stretch of travel appearances paid
speaking all sorts of things that were a
high responsibility for me that I was
excited to do but I found myself so
burned out because I have been on the
road for six months this year alone so I
said to myself I can't do that at the
highest quality and standard that I feel
like I should and even though it was
going to disappoint some people I knew
that at the end of the day I had to do
what was right so I cancelled three to
four weeks of really fun activities I'm
talking about Essence fest can lion
traing all over the country but I
instead sat at home worked my butt off
from home watched a lot of TV and
refreshed I got a lot of rest and now I
look forward to the months of travel
that I have for the rest of the year and
I'll be a better person for it this is
all about continuous Improvement we talk
about improving our videos on YouTube by
1% every time we post we talk about
Improvement here and there what about
Improvement of ourselves every single
day how can I be better today than I was
yesterday and I look forward to being
better tomorrow than I am today so again
your personal Brand Plus your unique
skills multiplied by your net work and
your impact and then divided by the
effort
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