Daven Michaels is a renowned entrepreneur. He’s the Founder of 123Employee & Michaels Press. He’s a world traveler, international speaker, and New York Times bestselling author of 10 books!
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Guest Resource
The San Juan Social Club Cruise – Take advantage of a limited time offer of $300 deposit and get $600 onboard cabin credit! NOTE: The cruise dates have changed since recording this episode, and JLD will no longer be able to speak or participate in this cruise.
3 Value Bombs
1) The best connections have always been the ones that I met in person at events, because the deeper you can go with somebody, you get to know their needs, their wants, their desires, and you just get to know them personally.
2) If you are a U.S. citizen and you jump through the legal hoops and you make Puerto Rico your actual home, then you essentially pay almost no taxes.
3) People want to cruise. They want to have a good time, they want to chill, they want to have a vacation. But at the same time, they want to learn, make friends, make contact, make money from those connections.
Sponsors
HubSpot: There’s a better way to win, and it all starts with the new HubSpot Sales Hub. It’s smart software for smart sales teams that feels good to use! Try it for yourself at HubSpot.com/sales!
Thrivetime Show: Is now your time? Clay Clark’s business coaching has helped over 2,000 entrepreneurs to dramatically increase profitability! Schedule your free consultation today at ThrivetimeShow.com!
Policygenius: Your loved ones deserve a financial safety net. You deserve a smarter way to find and buy it. Visit Policygenius.com to get your free life insurance quotes and see how much you could save!
Show Notes
**Click the time stamp to jump directly to that point in the episode.
Today’s Audio MASTERCLASS: Puerto Rico Cruisin’ and the Caribbean Dream
[1:27] – Daven shares something that he believes about becoming successful that most people disagree with.
- Sometimes you have to do something that you might not be passionate about in order to get to the point where you can follow your passion.
[3:38] – The tax benefits in Puerto Rico
- If you are a U.S. citizen and you jump through the legal hoops and you make Puerto Rico your actual home, then you essentially pay almost no taxes.
- You only pay 4% federal income tax, 0% cap gains, and 0% dividends.
- Your state of mind living in a tropical paradise that has perfect weather almost every day, and is absolutely gorgeous,is good for the psyche.
[7:45] – Besides the tax benefits, what are some other amazing aspects in Puerto Rico?
- Importing cars from United States has 30% import tax, but if that car has a plug on it, like a Tesla, you pay no tax.
- Shoot a movie or a television pilot in Puerto Rico and you’ll be eligible for a 40% tax rebate.
- 98% of the island is an opportunity zone for real estate investors.
[10:50] – A timeout to thank our sponsors!
- HubSpot: There’s a better way to win, and it all starts with the new HubSpot Sales Hub. It’s smart software for smart sales teams that feels good to use! Try it for yourself at HubSpot.com/sales!
- Thrivetime Show: Is now your time? Clay Clark’s business coaching has helped over 2,000 entrepreneurs to dramatically increase profitability! Schedule your free consultation today at ThrivetimeShow.com!
- Policygenius: Your loved ones deserve a financial safety net. You deserve a smarter way to find and buy it. Visit Policygenius.com to get your free life insurance quotes and see how much you could save!
[1:25] – Cruising, masterminding, and creating deep relationships.
- The Marketers’ Cruise is for all the top marketers throughout the world.
- He built a community for their monthly cigar club just after Hurricane Maria which eventually turned into the San Juan Social Club and has over 850 members.
[18:37] – Daven talks about the March 2024 cruise (NOTE: The cruise dates have changed since recording this episode, and JLD will no longer be able to speak or participate in this cruise.)
- The dates are from 9th to 16th of March, 2024.
- The best connections have always been the ones that I met in person at events, because the deeper you can go with somebody, you get to know their needs, their wants, their desires, and you just get to know them personally.
- The more you understand a person’s needs, desires, problems, etc., the more money you’re going to make.
[24:50] – The next steps for Daven’s social cruise!
- The San Juan Social Club Cruise – Take advantage of a limited time offer of $300 deposit and get $600 onboard cabin credit! NOTE: The cruise dates have changed since recording this episode, and JLD will no longer be able to speak or participate in this cruise.
- All of the ticket sale profits from the San Juan Social Club Cruise are going to various charities across the island.
- Daven wants to create something called Eyes Over Puerto Rico to start giving people back their vision
- People want to cruise. They want to have a good time, they want to chill, they want to have a vacation. But at the same time, they want to learn, make friends, and make money from those connections.
[30:34] – Thank you to our Sponsors!
- HubSpot: There’s a better way to win, and it all starts with the new HubSpot Sales Hub. It’s smart software for smart sales teams that feels good to use! Try it for yourself at HubSpot.com/sales!
- Thrivetime Show: Is now your time? Clay Clark’s business coaching has helped over 2,000 entrepreneurs to dramatically increase profitability! Schedule your free consultation today at ThrivetimeShow.com!
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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