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The Martell Method w/ Dan Martell

7 High Income Skills of the Top 1%

Wed, 18 Dec 2024

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Get The Book (Buy Back Your Time): https://bit.ly/3pCTG78  Subscribe to My Newsletter: https://bit.ly/3W2tjp2 I’m going to share with you the only 7 skills to create unlimited wealth. These skills are what the top 1% earners use to attract wealth into their lives. They’re the same skills I used to go from broke at 23, to building a 100M dollar empire. Hope you enjoy! IG: @danmartell X: @danmartell

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Chapter 1: What are the seven skills to create unlimited wealth?

0.069 - 18.6 Dan Martell

I'm gonna share with you the only seven skills to create unlimited wealth. These skills are what the top 1% earners use to attract wealth into their lives. They're the same skills I use to go from a broke 23-year-old to building a $100 million empire. So without further explaining it, these are the only seven skills that will make you rich. Welcome to the Martell Method.

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18.88 - 40.63 Dan Martell

I went from rehab at 17 to building a $100 million empire and being a Wall Street Journal bestselling author. In this podcast, I'll show you exactly how to build a life and business you don't grow to hate. My bestselling book, Buy Back Your Time, is out now. Grab a copy at buybackyourtime.com or at any of your preferred online retailers. The first skill is connecting.

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40.87 - 56.777 Dan Martell

Connecting with people as a skill, it's number one. Relationships are like the currency in the entrepreneurial world. But if you don't know how to connect, it can be really tough. So here's a few things I want to teach you. Number one is learn to remember people's names. I get it. Some people say, well, I'm not good with names.

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56.957 - 73.746 Dan Martell

Yet the most beautiful sound to another human being is the sound of their name. It is for you. So learn it and remember it. Number two, be curious. A lot of people worry about meeting new people because they don't know what to say. The truth is, is just ask better questions. I like to ask like how and what questions.

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73.786 - 87.173 Dan Martell

And what's cool about that is those two questions will get the person to tell you stories, which allows you to sit back and listen and take the pressure off having to say something smart because you're curious. Just be the person to ask the other person the question. So I'll tell you, they'll fall in love with you.

87.213 - 102.959 Dan Martell

They won't even know why, but they're going to walk away going, man, I really like that guy. Number three is follow up. A lot of people say this in sales, they go, look, fortunes are made in the follow-up, but it's just true. If you get connected to somebody and you think there's somebody that's doing cool things or you can be helpful, just make a point to follow up.

103.099 - 121.629 Dan Martell

Touch base, check in with them, invite them to another dinner, see if you can be helpful. Like some of the best, most connected people I know are the ones that just send a text message. Hey man, I was just meeting with this guy, you mentioned your name, hope all is good. Easy, simple, easy. It allows you to stay top of mind on their mind. Number four, get in bigger rooms.

121.79 - 139.268 Dan Martell

If you're the smartest person amongst your peer group, get a new peer group. If you're the richest person on your street, move. If you're the most successful person amongst your entrepreneurial community, go find a new community. I know it sounds trite to say, but you'll only grow to the level of expansion that's possible in the container you're in. in.

139.428 - 157.22 Dan Martell

So if you're the big dog in your room, then you got to go find another room where you're the little dog. I remember when I first moved to San Francisco, I got invited by a guy named David Sachs to this brunch. The Canadian embassy was doing this thing. And I walked up the sidewalk and I get there and I see the valet at this guy's home, aka mansion, parking cars.

Chapter 2: How can connecting with people impact your success?

313.077 - 327.567 Dan Martell

I can either hire an artist with a paintbrush and they can go and they could paint each individual bird. And that would probably take all day for them to fill up a whole wall. Or I could get a stencil made and with the spray can, I could literally put the stencil on the wall and I could spray it. That's the idea of building a system.

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327.727 - 346.277 Dan Martell

So for example, in my home, we have a house manager, Betty, and there's this one spot in our pantry that anything that gets placed in that spot, it magically gets reordered. If I'm upstairs and I finish all my toothpaste and there's no more in the drawer, I just put it downstairs and that tells her to reorder. That is a stencil. That is a system. We do it once and we never have to do it again.

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346.437 - 363.909 Dan Martell

Number three, delegate everything. If somebody else can do it at a quarter of what you make per hour, it is 100% logical to have somebody else do it for you because you should take that opportunity. hour back and reinvest it in yourself. So I think of putting gas in my car, running errands, wash and fold.

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363.989 - 382.368 Dan Martell

It's pretty much all of the personal and professional tasks that somebody else, you could actually like create employment and have them support you so that you're not always the bottleneck for getting stuff done. Just the emotional side of that, of not having things on your mind that like weighs you down is worth delegating to somebody else. Number four is set up sensors.

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382.588 - 400.584 Dan Martell

If you delegate and somebody else is doing something for you, then you're worried, well, what if it goes wrong? And then you start freaking out. Well, a sensor is the idea of getting a report. Okay, think about like a water sensor in a basement to sense if there's a flood, it turns the water off. No matter where I have somebody in my business doing something for me, I ask them to give me a report.

400.844 - 419.457 Dan Martell

Oftentimes it's a survey or a feedback loop from the customer that answers a question asking how happy they are. So I know that I don't have some department going rogue and a bad manager not doing the right steps with a bunch of upset customers. Number five. Stay simple. See, lazy equals elegant solutions to complex problems.

419.477 - 438.751 Dan Martell

When I think of things around in my life, like I have a Yeti coffee container and the latch on the top is magnetic. Why is that an elegant solution? Because it has no parts. It's easy to clean. And I just love those kind of examples. Now, was it the cheapest way to solve that problem? Probably not. But the whole idea is to keep it simple. Number six, prioritize by saying no.

438.891 - 455.775 Dan Martell

A no is a yes to your goals and a yes is a no to your dreams. See, most people don't know what they want, so they just say yes to everything, hoping that something's gonna work out. But if you actually know what you wanna create, then you have to say no to people to create the space to actually go and do the work to get that thing. So do less, say no, and prioritize.

456.115 - 474.347 Dan Martell

But you can't just wait for opportunities to come out of nowhere. Before we get back to this episode, if you prefer to watch your content, then go find me on YouTube. I have this episode on YouTube. I'm Dan Martell on YouTube. Just subscribe to the channel. Turn on the notification bell because then you'll get notified in real time. It'll tell YouTube to tell you.

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