F2L2_Day_One_Recap.mp3

What's up, everybody? This is Ryan Daniel Moran. I have barely a voice left and barely an ounce of energy left, but I wanted to unpack day one of Freedom Fastlane Live while it is still fresh in my mind. Before we do that, I want to thank all of you who are here in Austin, Texas, who came out in person for Freedom Fastlane Live or who watched on the livestream. The crowd has been present and energetic, and you have made this a success already on day one. Thank you for playing full out, for connecting with the speakers. The speakers have mostly been here the entire time. Most of them are here all three days and is created already here on day one. Just a really great level of connection, and thank you for utilizing that and for taking advantage of that. That is one of the things that we really wanted to provide here at Freedom Fast Lane Live. So there were some very interesting themes that came up today, and while it's all fresh in my mind and, you know, we're just coming back from all the day's activities, it's already super late here, and I can barely even think. But I wanted to unpack some of the major themes and my biggest takeaways from some of the speakers here at Freedom Fastlane Live. So we're gonna start at the top. The first speaker today was Jesse Elder. He's been on the podcast a couple of times, so you're familiar with his overall shtick. But. And I have to confess something, I sort of have blacked out at Jesse Elder because there was a lot of nerves and energy building up to the event. And when I came on stage to kick things off, there was a big surge in energy, and then I pretty much went black. So there's a little bit of a gap in my memory here for Jesse, But. But my biggest takeaway from what I caught backstage listening to Jesse was simply the idea that abundance is a habit, and with it, we make incremental progress. And incremental progress is something that we have to practice. And he brought this up and he beat this into our heads about incremental progress being something that is a habit, of course, that it is something that must be practiced in all areas of our life. And incremental progress is true. And he used the karate example. He has.

A karate background, and he told stories from that background. But he talked about learning to do the splits and how in order to do the splits, he had to make very, very incremental progress. And he had a coach that simply would say, keep practicing over and over and over again. Keep making progress. And that is the case in all areas of our life. And he even brought that into the idea of abundance, of abundance not being just an idea, but abundance also being a habit of it being a behavior. It's something that we can practice. So he brought up the idea of normalizing the behaviors that we want to have or normalizing the experiences or what we currently perceive as big. And this was a message that I wanted him to set up first because we were going to hear from multimillionaires and billionaires at Freedom Fast Lane Live. And I wanted him to set the frame of normalizing big stuff. Stuff, because he even mentioned by calling it big, we push it away. We have to normalize what it is that we want because then we make it feasible. We don't achieve things that we perceive are big because if we call them big, then they're outside of ourselves. So he brought this up in the context of practicing abundance, normalizing abundance, normalizing luxury, normalizing the things that we want to have more of in our lives, because then we experience abundance. And that is when we truly are free to be our fullest selves. Because if we have limitations, and he gave his own opinions on the concept of limiting beliefs. But if we have limitations, if in our thinking that prevent us from getting what we want, we can fix that by normalizing the behaviors that we want to have after. Jesse was the founder of Priceline.com he's also a music producer and a movie producer. And he was also one of the founders of ubid.com, jeff Hoffman. And Jeff, absolutely, he blew it out of the water. He was absolutely phenomenal. And my favorite part of today has actually been watching Jeff interact with some of the participants and entrepreneurs here at Freedom Fast Lane Live. He has been just absolutely pouring into the attendees here and it's been really, really great to see. Has made himself completely available. It's been wonderful, really, really cool to see. My biggest takeaway from Jeff's talk was he had one very simple phrase and he said, don't pursue money, pursue excellence. Money follows excellence. That really struck a chord with me because I spent a large part of my career doing things for money. And it left me really feeling drained and empty. It didn't make me fulfilled. But when I started doing things I thought were excellent, money just started to show up. And that is something that I have practiced. Just because A, I'm comfortable playing the long game, I'll play the five year game, I'm cool with that. And B, because I get more fulfillment from doing Truly excellent things. As a result, money tends to follow. There was something else in this presentation, though, that seemed to be the big takeaway for the majority of people. It was the overwhelmingly most popular phrase of the day, according to at least what we saw on Twitter. And that was the idea of getting a gold medal in one thing. Jeff talked about the idea that you can't win a gold medal if you're being 1/6 of you in six different things, or if you are spending 16 of your energy and focus but doing it in six different things. You can't win a gold medal if you have only 1/6 of you is invested in something and you've got five other projects. And he admitted, he said, this is hard if you're an entrepreneur. It is hard to focus on just one thing, but that's how you build excellence. And I asked him in the Q and A time, excuse me, I don't have much of a voice left. I asked him in the Q and A time. I said, how in the world do you get everything done? You have music projects, movie projects, ubid, Priceline, you travel to Malaysia with Obama to teach entrepreneurs how, how the hell do you get everything done? And what he said really surprised me. He said all of those things were isolated. All of those things were the. My primary focus. And there was never a time where we were running them simultaneously. That was very, very interesting to me. After Jeff Hoffman was Mark Jenny. And Mark Jenny talked about. First, he talked about how most of his career was about getting, extracting. He used that phrase a lot. Extracting money from the marketplace, getting the cars and the toys and the money, and how it had diminishing returns. How at first it was really cool to make a lot of money, and then it made him less and less happy. And all of a sudden there were huge diminishing returns to the money that was coming in. So he talked about his pivot. His pivot from an extraction mentality to a giving growth, an exponential mentality. And he talked about his process of founding RV Share, which has the, you know, they basically discovered that there's tens of thousands of entrepreneurs that don't know that they're entrepreneurs because they have an unused asset sitting in their driveways around the country. And so RV Share is the largest peer to peer RV rental site that basically allows people who have what was just a money pit sitting in their driveway to actually be a source of income and a business. And people have seen it so profitable that they've gone out and got second and third RVs. So they can put them on RV share and now they have many businesses, some of them extremely lucrative businesses, on something that originally was dead space. And as a result, this is a value driven company. People's lives are being changed, people are using this service and their lives are better as a result of it. And Mark, I've never seen him happier. He talked about how he feels more fulfilled than ever and he's building something that is truly exponential in growth and will be bigger and likely acquired at some point for much more cumulative money than he has probably made in all of his businesses combined. When he was operating with an extraction mentality, he said something that was really interesting, which, and I knew this story, but I know most of the audience did not, was that he walked away from businesses and from offers that were doing millions of dollars. And he said, I don't want any of this. I don't want you to pay me, I don't want you to buy me out. I just want out because I'm not happy in this anymore. And we talked about the story where he had a weight loss offer that was profiting 80,000 dol a day and he just shut it down and he just said, I don't want to do this anymore. I just don't feel good about this anymore. And then he pivoted into a value driven mentality and how that has really changed his life. He also brought up the comparison between most marketing events, which are all about getting, and then Silicon Valley events where they're all focused on how do we create something amazing, how to create something that is world class, world changing, life changing, and get it into the marketplace. And he made a very interesting point. He said billion dollar companies rarely come out, never come out of marketing conferences, but they have come out of disruptor type conversations that there is a mentality of I'm going to give as much as possible. We were keynoted by the legendary Gaynor Vayner. Gary Vaynerchuk, I can't even say his name. It's been a long day, but a very, very rewarding, amazing day. You know, I was very disarmed by Gary Vaynerchuk because he was extremely humble and present backstage. It actually really surprised me. He was talking to my daughter, he was asking us, you know, how she's sleeping at night. He was very, very present and humble.

In backstage. And then of course he went on stage and he just tore it open. And what I wanted Gary to talk about was what is the plan for him to own the New York Jets? You know, I hear the rah rah stuff or about hustle or how hard he works, how hard entrepreneurs need to work. I wanted to hear about what's his plan for owning New York Jets. And he said, you know, it'll take me seven or eight billion dollars probably to be able to buy the New York jets. When, you know, by the time he's ready to do that, that's probably what they'll be worth. And he unpacked his strategy. What I loved is that he actually hit it was that he actually went into my plan to New York to own the New York Jets. And I'm going to put it in my words because I summarized it with him in the Q and A and when I summarized it I put it as. So Gary, it sounds like your plan is to have a big ol. A big old business that you operate that is, that creates your war chest. And he said yes. And I said, and that war chest gives you exposure to. And he said yes. And I said buy other companies. Exposure to buy other companies. So it's a war chest to buy other companies? He said yes. And I said and it also gives you a platform for you to. And he said yes. And he just kept saying yes as if it was all these things. It was a snowball that would build. VaynerMedia is his primary focus. It's a hundred million dollar marketing firm and, and that's his war chest. It's his leverage point. But he admits he talked about how investing was actually where he made the bulk of his money investing. He had his business which was the source of all of the cash, but investing, it was actually where he made most of his money in investing in other businesses. And it was also how, how he planned to go exponential in order to get the jets, you know, to have the big multi billion dollar exit that got him the New York Jets. He talked about how, you know, this fascinated me, how he does not fear losing at all. That was my biggest takeaway.

He doesn't fear losing at all because he's actually more driven by the game than he is by the result. The result, he said, actually kind of makes him sad because he enjoys the game so much. You know, I was talking about this with my mentor Travis, who. Who speaks tomorrow. Well, probably have already spoken by the time this goes live. But you know, he was saying, I want to have a conversation about Gary's philosophy with you. And we kind of unpacked it a bit where you know, I really believe that Gary would. And we talked about this in our Q and A. He Would there's nothing he would rather be doing than what it is that he's doing. And I asked him this question. We were doing Q and A. I said, half this room has a business that they don't feel passionate about. And he said, well then you struck out on the first swing. And what he meant was, he is willing to go 18 hours a day into a business. He's willing to pull all nighters on something that he feels really good about. But if you're in a business that you hate, then you're never gonna operate with that level of passion and therefore you can't win. And that was a really interesting reframe for me because I've heard Gary talk about hustle and grinding and that always sound like be willing to go through the pain and be willing to and I get ain't sexy. Until I heard it in the frame of. I heard it in the context of realizing Gary would really rather do nothing else. And when that's the case, when you're so dialed into a mission or at the very least, you see it as a game, you see it as a game to be played. You know, the one game I play on my cell phone, the thing that I use to kind of escape from marker is SimCity. I grew up playing SimCity and I play it on my phone now. And as a game, you can't win. There's only progress. You never win. You just keep growing. And I got listening to Gary that he operates his life like SimCity. There's. There's never an end point. In fact, the end makes him sad because he enjoys the game so much and that's why he's able to, to grind and hustle so much because it's a game to him. And when he put it in that context, there was such like.

Well, I felt freer as a result of that reframe because man, we put so much pressure on ourselves and if we just see it as a gain that we can't win or lose, we just get to play it. All of a sudden we get to make up the rules and we get to play it however we want. And that was a really freeing thought to me. And since Gary made this, he talked about how he really is motivated by loss. So if there's a dip, you know, the idea of him moving into the one bedroom apartment and he's sitting on the floor with a cockroach and he said, you know what, cockroach? We're gonna do this together, that idea drives him. So if he were to lose it all. And he'd be in that little apartment. He'd probably be more motivated than ever. So he can't lose. And that allows him to go completely all in on what he's doing. And that was. That was a paradigm shift for me. And based on the feedback, there was a big paradigm shift in the audience as well. Want to draw together a couple of themes from today. One of them, teams are everything. The team that you're on and the team that you build and the group around you is everything to your success. Jeff talked about he will do anything in order to inspire his team or to keep them motivated. And one of them being being responsible for their dreams. Being responsible for the dreams of the people who are on your team and considering it your mission to make sure that those dreams become reality and that your employees and your team members will work harder to fulfill everyone else's dream than they will to just get a paycheck. That was a really cool point. The other theme from today was being willing to go all in. Mark. Jenny pivoted and went all in on his new project. Moved away from extraction and went all in on Give Mentality and his new business of RV Share. And Jeff Hoffman goes all in on one project at a time. He goes for the gold medal in one thing. Gary Vaynerchuk goes all in because he's not afraid to lose it all. And even if he did lose it all, he'd be just fine. Those are my biggest takeaways from day one of Freedom Fast Lane Live. Thank you for all of you who are here. I'm exhausted, so I'm gonna attempt to get some sleep. I can't believe we have two more days of this. It has already been such an amazing experience, and I'm so excited to see what happens next. I am probably more excited and more energized than I sound. I am exhausted, but this has also been an incredibly rewarding day and something that I've wanted to do for a very long time. So thank you for your support throughout this process and thank you for listening to this recap of day one, and I'll see you on the rest of the recaps throughout this weekend at Freedom Fast Lane Live. Take care, everybody.