MJ DeMarco is the international best selling author of The Millionaire Fastlane, Unscripted, and The Great Rat Race Escape, books which have been translated in over 25 languages worldwide, as well as the founder of The Fastlane Forum and cofounder of GoalSumo.com.

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Guest Resources

Goal Sumo – Supercharge Goal Achievement and Rocket Your Bold Dreams into Reality. Get Started for FREE!

Free-1-5-10-daily-goal-to-do-list – Get the FREE blueprint to your dreams!

The Fast Lane Forum – Build a Fastlane business. Earn absolute financial freedom. Join free.

3 Value Bombs

1) A strong passion for something does not ensure its market viability.

2) By setting and achieving goals and consistently following a cycle of action, assessment, and adjustment, you can make daily progress and experience transformative change over time.

3) It is crucial to define your destination to determine the paths that will lead you there.

Sponsors

HubSpot: Scale support and drive retention and revenue all in one place with HubSpot’s all-new Service Hub. Visit HubSpot.com/service to learn how this all-new solution can help you deliver for your customers!

ThriveTime Show: Want to meet me, JLD?! Attend Clay Clark’s 2-Day Interactive Business Workshop & meet me – JLD – Tim Tebow, & Clay Clark this June! Learn More & Request Your Ticket At ThrivetimeShow.com/EOFire!

Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS:  How to Crush Goals and Live Your Best Life with No Regret with MJ DeMarco

[1:26] – MJ shares something he believes about becoming successful that most people disagree with.

• He believes that having a strong passion for something does not ensure its market viability. Just because you deeply resonate with a concept does not mean there is a demand for it. Often, areas you love need to be more balanced and competitive.

[6:54] – Why are you recently talking about the 6-year time frame?

• At the end of last year, a business forum he moderated for over 15 years discussed Bitcoin. This thread started in 2017 and has grown to span hundreds of pages. Interestingly, whenever Bitcoin’s price surges, the thread becomes more excited, only to quiet down again when Bitcoin’s value drops.
• One of the forum members shared recently that he had earned $25,000 from Bitcoin over six years, during which the cryptocurrency experienced another surge in value. However, despite this financial gain, the members’ lives remained unchanged. If the only significant event in the past six years is a $25,000 Bitcoin gain, one may need to re-evaluate their priorities and life goals.
• It is not about discouraging Bitcoin investment—MJ owns Bitcoin. Instead, it is about prioritizing goals that truly transform life. Your life was changed not solely due to Bitcoin gains but because you prioritized meaningful goals.
• Focus on objectives that genuinely alter your life trajectory, ensuring that you will look back in six years and marvel at the transformation, not just a monetary gain.

[10:55] – A timeout to thank our sponsors!

• HubSpot: Scale support and drive retention and revenue all in one place with HubSpot’s all-new Service Hub. Visit HubSpot.com/service to learn how this all-new solution can help you deliver for your customers!
• ThriveTime Show: Want to meet me, JLD?! Attend Clay Clark’s 2-Day Interactive Business Workshop & meet me – JLD – Tim Tebow, & Clay Clark this June! Learn More & Request Your Ticket At ThrivetimeShow.com/EOFire!

[13:58] – Why do people set these ambitious goals and fail after just a few weeks?

• People often fail to achieve their goals and New Year’s resolutions because they lack a structured system to pursue their objectives.
  • Without effective systems, individuals struggle to establish lasting habits and initiate meaningful life changes.
• Feedback loops are crucial for motivation. They validate progress toward a goal.
  • For instance, compliments for weight loss or first sales in a business can fuel motivation.
• MJ used a pencil-and-paper system to track his goals and tasks. He co-founded an online service, Goldsumo.com, based on this system.
  • Whether you use this service or other tools like Notion or ClickUp, find a system that works for you and use it consistently to stay motivated.

[18:14] – What makes a good plan for a goal?

• Use the backwardation technique borrowed from financial markets to achieve your long-term goals. Start with your desired endpoint in the future and break it down into smaller milestones and objectives. Work backward until you reach the weekly objectives that you tackle every day.
• The backwardation approach in Goal Sumo offers a robust decision-making framework for life. It prompts you to align everyday actions with your long-term vision, avoiding unwise choices.
• An example of the power of planning and effort: MJ wrote down his ten-year vision years ago and recently found that all his goals had come true. This shows that consistently setting clear goals and working towards them can lead to success.

[21:23] – What gets in the way of people with the best intentions?

• Distractions can cloud what is essential. Having a structured system is vital. MJ’s productivity system includes five daily habits: stretch, exercise, piano, drink elixir, and manage social media. These habits should be addressed, so he prioritizes them daily. This is necessary for essential habits to be easily remembered. It is vital to integrate them into our routines consciously.
• A structured system with feedback mechanisms is vital for achieving goals, regardless of the tool used. Celebratory animations can reinforce positive behavior. These habits take only 50 minutes a day, less time than spent on unproductive activities. Prioritizing long-term health and vitality is crucial.
• By setting and achieving goals and consistently following a cycle of action, assessment, and adjustment, you can make daily progress and experience transformative change over time.

[25:15] – MJ gives his takeaway.

• It is crucial to define your destination to determine the paths that will lead you there.

[25:36] – MJ gives his call to action.

• Goal Sumo – Supercharge Goal Achievement and Rocket Your Bold Dreams into Reality. Get Started for FREE!
• Free-1-5-10-daily-goal-to-do-list – Get the FREE blueprint to your dreams!
• The Fast Lane Forum – Build a Fastlane business. Earn absolute financial freedom. Join free.

[26:50] – Thank you to our Sponsors!

• HubSpot: Scale support and drive retention and revenue all in one place with HubSpot’s all-new Service Hub. Visit HubSpot.com/service to learn how this all-new solution can help you deliver for your customers!
• ThriveTime Show: Want to meet me, JLD?! Attend Clay Clark’s 2-Day Interactive Business Workshop & meet me – JLD – Tim Tebow, & Clay Clark this June! Learn More & Request Your Ticket At ThrivetimeShow.com/EOFire!

Killer Resources!

1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

3) Podcasters’ Paradise: The #1 podcasting community in the world!

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