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Author: Jules Schroeder

  • How This 23-Year-Old College Drop Out Built A $41M Company

    How This 23-Year-Old College Drop Out Built A $41M Company

    One of the quickest ways to accelerate your success is to learn from those who have already accomplished what you’re working towards.

    Top performers around the world know that just how successful you can be depends on how successful your coach is. That’s why CEOs pay Tony Robbins $1M a year for 1-1 coaching—he’s one of the best at what he does.

    What makes a good mentor? They haven’t just gotten lucky, but rather they’ve been resilient. They’ve encountered obstacles and persisted in the face of adversity.

    This week, I interviewed one millennial who has a unique blend of both success and triumph. He’s a 23-year-old who dropped out of college and went on to build a $41M company.

    Meet Walid Halty, the founder of DVinci Energy, a sustainable energy company on track to be one of the fastest-growing companies in history. DVinci is on a mission to make energy affordable and accessible to everyone. It donates 10% of its profits to charity and is scheduled to give $100k in educational scholarships in 2018 and $1M in 2019.

    This week on the Unconventional Life Podcast, Halty gives us the scoop on how he’s achieved so much in so little time. Below, learn ten of the habits and philosophies he says are integral to his success so you can fast-track your own path to your goals.

    1. Treat Each New Week Like A New Year. There’s no doubt the New Year propels millions of people around the world to embark on new goals and positively reorient their lives. And yet, just two weeks after January 1st, a significant percentage of those people begin to give up on pursuing their goals. What is it about the New Year that’s so motivating? Psychologists call it the “fresh-start effect,” and Halty says you can capitalize on it by treating each new week like a new year.

    2. Take Advantage Of Your Resources. With billions of books, podcasts, articles, and other resources at your fingertips, why wouldn’t you take advantage of them? And yet, so many of us don’t. Entrepreneur Tai Lopez says his reading habit of a book a day has been key to his success. The average CEO reads 52 books a year.

    3. Don’t Lie To Yourself. How often do we talk ourselves into believing we didn’t eat that much at that party or we didn’t waste that much time on Instagram? It may seem benign, but Halty says it’s the reason you’re not seeing the results you want. “Be brutally honest with yourself,” he says.

    4. Make Time For You. With so many things to get done in a day, “you-time” can often be the first thing to sacrifice. It seems practical—after all, you’re saving time—but it’s actually incredibly counterintuitive. According to a study reported in the HBR, the more time working mothers spent taking care of themselves, the better were the emotional and physical health of their children. Think twice next time before you skip a workout or cook yourself a nourishing meal.

    5. Adopt A Weird Habit. Halty confesses he’s a fan of cryotherapy, a $75 shock treatment that involves stepping into a frigid booth for three minutes. Sounds crazy, but Tony Robbins and LeBron James also swear by it. Consider trying something unexpected and it might pleasantly surprise you

    6. Beat Your Doubt To The Punch. Tim Grover, no-nonsense trainer of NBA star Michael Jordan, says “Don’t think. You already know what to do, and you know how to do it. What’s stopping you?” In other words, don’t give yourself time for a second thought before you take action. Entrepreneur Marie Forleo says, “You don’t have to get it perfect, you just have to get it going.

    7. Enlist Mentors. “I’m only 23,” Halty admits. “That’s why I have a team of advisors. I can say to them, hey, what would you do here or hey, I’m struggling with this, and they give me actionable information.” Acknowledge your weaknesses and seek feedback from those who have already walked your path.

    8. Don’t Listen To Your Haters. Have you ever been told by friends and family not to pursue your dreams, only to gain their support after you’ve proven them wrong? Don’t let the fearful projections of others stop you. Trust your gut and act upon your own volition. “My parents didn’t believe in me—they said I was crazy, they said I wouldn’t do it, they said to back to school. Now they believe in me, now I’m helping them and the tables have turned,” Halty says.

    9. Work Harder (And Smarter) Than Anyone Else. Demir Bentley, co-founder of Lifehack Bootcamp, says, “Today’s hustle culture is telling us to ‘outwork your competition’, but the truth is that you are not a scalable system in your work. There’s never in history been so many cheap tools available to automate, delegate, and eliminate your work.  If you’re not taking advantage of that, you should be!”

    10. Minimize Your Decision-Making. Steve Jobs was famous for wearing the same outfit everyday—a black turtleneck, blue jeans, and a pair of New Balance sneakers. Why? He knew that decision-making is a precious, limited resource. Halty’s philosophy is the same. “On Sundays I take the entire day to plan out the entire week so when I wake up I make as little decisions as possible because I already have to make a lot of decisions on a daily basis,” he says. Conserve your energy for the decisions that count.

    Enjoyed this post? Check out more of my tools to create a life by your own design.

    This article originally appeared on Forbes.com

  • How This Millennial Built A 7-Figure Business Using Equity Crowdfunding

    How This Millennial Built A 7-Figure Business Using Equity Crowdfunding

    Most people I talk to are astonished when I tell them I spend zero dollars in marketing for my company Unconventional Life’s sold-out business accelerators. Just last week, Inc. Magazine named us the #1 Event for Entrepreneurs To Attend In 2018.

    You see, most people underestimate the value of community.

    You’ve probably heard you need to have a massive community before you can monetize it—but in reality, it’s actually the quality, not the quantity of your members that counts.

    Our community at Unconventional Life is humble in size compared to others, but it’s a force to be reckoned with. We consistently sell out our spots through word of mouth, and research shows that’s the most effective kind of marketing there is.

    92 percent of consumers trust peer-to-peer recommendations over traditional advertising.

    If you’re looking to grow your company, you may need to look no farther than your very own community.

    This week on the Unconventional Life Podcast, I spoke with one millennial founder whose community is the engine of his company. Meet Aristotle Loumis, the founder and CEO of Ellison, a Greece-based, handmade designer eyewear company with an integrated social mission. Ellison offers a $10 VIP Club Membership that grants 50% discounted access to all of its eyeglasses after the purchase of one full-priced pair.

    The only catch? Tell Ellison the epic tale of how you lost your first pair.

    “Most people lose their glasses in the act of adventure,” Loumis says. “They’re snowboarding, skydiving, honeymooning, tailgating, they’re living life. We believe in the act of losing something you’re finding something bigger, so our call to action is don’t worry get lost.”

    Ellison’s “insurance policy” for adventure has attracted a loyal membership base who helped fund its crowdfunding campaign 4x beyond its initial goal, making it one of the fastest and most successfully funded companies on Republic.

    Below, learn from Loumis how you can translate your community into capital for your company.

    Schroeder: Where did you get the idea for Ellison’s membership model?

    Loumis: Picture this. You’d call me on Friday and be like hey Aristotle, I need a couple pairs of shades we’re going skiing this weekend. By Monday I’d get a call from you being like hey listen there was about a foot of snow, it was great skiing, but unfortunately I went off this ramp and while I’m still alive the glasses are not. As a result I’d say to you, hey listen, don’t tell anyone but I’m gonna give you a hookup price. Instead of paying $150 I’d give it to you at $75. I got the idea for Ellison’s model when I started hearing more of these stories. After about 2,000 stories that were submitted I knew we were on to something.

    Schroeder: How did you convert these stories into marketing materials for your company?

    Loumis: We mobilize our customers as our marketing engines. The only way you get that replacement pair is to tell us a story, that’s all we ask for. We’d say how’d you lose them did you have too many beers at that tailgate? How was that honeymoon did your wife push you off the boat? And then we reward you for that story. We reward our customers for their living experiences, not punish them. They then share their stories organically with their own networks, and everyone knows the best form of marketing is word of mouth. As a result we have a very high retention rate.

    Schroeder: What words of advice do you have for entrepreneurs building a community?

    Loumis: When you tap into and work with your customers on a very deep level, they are essentially part of the company and they feel like they’re part of the company. While we only have 6,500 members that’s equivalent to 200k+ members for other startups because the retention is so high for us. I’d rather have 10k loyal customers than 10M because they’re interacting with the company and they’re moving the company up. Every new customer we get is obsessed with what we’re doing… not only is that really good for retention but it’s really good for growing it. Our tribe is growing because we’re bringing authenticity and recruiting the people who are aligned with us. Instead of spending money on numbers we’re going for quality.

    Schroeder: Tell me more about Ellison’s social impact.

    Loumis: When I was participating in Doctors Without Borders, I fell in love with an eye organization called the Himalayan Cataract Project which was giving people their eyesight back. I realized how big the problem was and I wanted to be able to impact that problem. This was around the time Tom Shoes was just getting launched so this one for one model was very innovative. I thought to myself, if there’s a one for one model what if I was to do an eye for an eye.

    I knew at the time there was a market gap when I created this. There’s essentially two big players that own the rights to licensing to some of the biggest brand names that everybody buys. What they do is they buy these brand names and then they artificially inflate the prices 10-20x the cost to manufacture them. I knew there was a way to create a better product at a better price, and that’s the idea behind our membership model.

    Enjoyed this post? Check out more of my tools to create a life by your own design.

    This article originally appeared on Forbes.com

  • Millennials, Here’s How Cryptocurrency Could Transform Your Future

    Millennials, Here’s How Cryptocurrency Could Transform Your Future

    Resources:

    -3-Day Crypto and Blockchain Online Summit Hosted by Jules: http://www.cryptosummitonline.com/

    3 Key Points:

    1. Blockchain technology has exciting potential for our future with a host of applications beyond digital currency.
    2. “Alt” coins, or Alternative cryptocurrency coins like TRON, Ripple, and Xarum are gaining traction in the crypto market and deserve your consideration in your investment portfolio.
    3. Big businesses like McDonalds, Microsoft, eBay, and Expedia, plus governments like Dubai and Switzerland are backing Bitcoin and beginning to accept cryptocurrency as legitimate forms of payment.

    To be completely honest, conversations about finances and investments usually tend to put me to sleep. But for some reason, all of this buzz about cryptocurrency really has my attention.

    Some call cryptocurrency the “digital gold rush,” magnetizing thousands around the world to invest in digital currencies like Bitcoin and other alternative coins and tokens. Although skeptics have their concerns, there’s no denying cryptocurrency has an exponential growth trend that appears to be steadily rising.

    For millennials, cryptocurrency could be the investment opportunity of a lifetime. Not to mention, it’s ushering in a tidal wave of technological innovation.

    The biggest barrier to entry for most? Decoding all of that tech jargon.

    It’s about time someone explained cryptocurrency to you in a language you can actually understand.

    That’s why I’ve just launched  one of the world’s first online crypto and blockchain summits, where 21 industry-leading experts will be sharing everything you need to know about cryptocurrency over the course of three days.

    This week on the Unconventional Life Podcast, I spoke with a cryptocurrency geek who’s done all of the heavy lifting for you. Meet Michael Graziano, the founder of Global Degree, one of the largest online communities for millennial travelers worldwide. He’s racing to become the youngest North American male to visit all 193 countries in the world, documenting all of his adventures online. Across his social channels, and including collaborations with Discovery Channel and MTV, Graziano has a combined reach of 50M+.

    “I’ve been to over 100 different countries and seen all different types of economies, people, and ways of life. Some of these countries’ databases are incredibly inefficient and outdated. Can you imagine what the world will look like when everyone’s on one database?” Graziano says.

    Enter the blockchain.

    If you don’t yet know what that is, don’t sweat it—below, I’ve transcribed my Q&A with Graziano where he breaks down the fundamentals of cryptocurrency, blockchain, and more, so you can finally get up to speed on everything crypto.

    Q: What is blockchain?

    A: “A blockchain is a global online database that anyone, anywhere, with an internet connection, can use. The cool thing is traditional databases are owned by a central authority like banks, companies, or governments, but blockchain isn’t owned by anyone. It has a peer-to-peer network looking after it, so cheating the system is nearly impossible.

    Blockchain stores information permanently across a network of personal computers, which decentralizes, distributes, and records it onto a public ledger that anyone can see. The transactions are verified by miners, who maintain the ledger. These bundles of records on personal computers are called blocks. Each block has a timestamp, and a form to a previous block, forming a chronological chain.”

    Q: What is Bitcoin?

    A: “Bitcoin is blockchain’s first and most widely known application.. People send Bitcoin freely to each other, and blockchain comes in to verify that only one person claims to own each coin at one time.”

    Q: How are businesses and governments reacting to cryptocurrency?

    A: “Big players like eBay, Microsoft, Expedia, McDonald’s and Subway are all starting to accept Bitcoin and other digital currencies. The Swiss government is accepting Bitcoin for tax payments. Dubai has announced that they want to become the world’s first ‘blockchain city.’ These are major statements from major economies… all of this is happening so fast and I expect these changes to really amplify in 2018.”

    Q: What will change in the future with everyone using these blockchain technologies?

    A: “When it all boils down, blockchain allows us all to share a single source of truth. Take the sharing economy, for example, which has given rise to Uber, Lyft, Airbnb, etc. These companies have profited on the idea of a sharing economy, but instead of sharing, they’ve acquired or eliminated competitors and collected all the profits. Where blockchain could step in is to create a public marketplace where people can share cars, homes, or whatever, with no intermediary.

    Another application is the recapturing of our identities. The most powerful asset of the digital age is data. Perhaps more valuable than money, land, or anything else you own. Everywhere you go and everything you do online is recorded. It creates a virtual you. But the biggest problem is that you don’t own the virtual you. It’s owned and exchanged by big companies like Google. Blockchain is one new technology that will allow you to have privacy and to monetize and control where your information goes.”

    Q: So what are some of the top cryptocurrencies to look out for in 2018?

    A: “I encourage people interested to do your research, but here are 5 projects that I think have a lot of potential: Skycoin, which has the ability to give each company or application their own blockchain, helping to combat high traffic and loading times with no transaction fees. Xaurum, the only cryptocurrency backed by gold, which provides intrinsic value and makes growth much more secure with less volatility. Stratis, a blockchain development platform that allows people to create custom uses for blockchains that haven’t even been thought of yet. Shift, another alternative blockchain that includes peer-to-peer storage, an uncensorable internet, and seamless monetization removing the need for third parties like Facebook or Youtube for content creators. Then there’s DOVU, which is embracing the emerging smart car industry where cars are predicted to generate up to 25GB of data per hour. With DOVU you can manage and sell your car’s data at your discretion in exchange for tokens.”

    Disclaimer: the opinions expressed in this article are not intended to replace the advice of an investment advisor. Invest at your own risk.

    Enjoyed this post? Check out more of my tools for creating a life by your own design.

    This article originally appeared on Forbes.com

  • Meeting Elon Musk And Finding Happiness Beyond The Penthouse w/ Lifestyle Perfected’s Founder Nadav Wilf

    Meeting Elon Musk And Finding Happiness Beyond The Penthouse w/ Lifestyle Perfected’s Founder Nadav Wilf

    With 2018 just around the corner many of us are beginning to ponder our resolutions for the upcoming year.

    Maybe you’ve already begun thinking about purchasing a new gym membership or enrolling in a personal development program—or maybe you’re jaded about the whole thing and don’t really care to watch the ball drop in Times Square.

    It’s no secret that 92% of New Year’s resolutions fail. Just the other night the topic of my family dinner was about how flimsy these resolutions can be. My sister summed it up when she said “you can’t just flip a switch and expect your life to change overnight.”

    One of the main reasons why New Year’s resolutions don’t tend to last is because they bait us with the “quick fix” without integrating change into our existing habits.

    That being said, the New Year represents a ripe opportunity to set new intentions and ambitions. It can provide a powerful burst of momentum to initiate new goals in the context of community.

    But how do you create a resolution that actually sticks? That’s exactly what I asked my good friend Nadav Wilf on the Unconventional Life Podcast this week.

    Wilf is the founder of Lifestyle Perfected, a coaching and consulting company for successful founders and CEOs in partnership with top-notch personal development resources like Tony Robbins, Landmark, Abraham Hicks, and Headspace. He’s also the founder of enlightened.org, a marketplace that integrates philanthropy into everyday life through social shopping.

    This week on my podcast, Wilf and I chatted about how you can capitalize on the New Year to create lasting change with a methodology that actually works.

    Instead of the “resolution” you may have been planning on jotting down in a journal, Wilf calls his change agent the “passion pivot.” At its essence, the passion pivot helps enact change at the level of the subconscious mind, which scientists say is the underpinning of our “nasty” little habits.

    Below, read up on Wilf’s methodology behind the “passion pivot” to initiate a strategy for realizing your goals in 2018.

    Step #1: Identify What Isn’t Working. The first step is to identify what isn’t working in your current situation. This is the key step where you meet yourself exactly where you are at. It’s critical in this step to try to witness yourself from the perspective of an objective observer to release any judgments you might have about your current situation. After all, psychologists say shame is not an effective motivator for change.

    While considering your current situation, ask yourself the following questions: What undesired, recurring feelings do I have? What are the major sources of stress in my life? What are my limiting beliefs? Wilf suggests, “Maybe you’re anxious about not having enough money. Maybe your limiting beliefs are, ‘I have to work and grind to have what I want’ or ‘my family would disown me if I decided to do what I’m really passionate about.’”

    Step #2: Identify Your Desired Future State. In this step, Wilf capitalizes on the operation of the subconscious mind. Experts speculate our beliefs and values tend to be at the root of our behavior. When we “reprogram” our beliefs, we can often shift our behavior.

    Wilf says, “Get clear about how you want to feel—for example, ‘I want to trust,’ or ‘I want to feel in alignment’—and what you want to believe—for example, ‘I am aligned and everything I want flows easily and smoothly.’”

    Make a habit of reaffirming these beliefs to yourself on a daily basis. Jake Ducey, bestselling author of Into The Wind, recommends starting each day writing down your desired beliefs 30-50 times. “The goal is to imprint them onto your mind. Most people start the day and they’re getting programmed with a bunch of negative things. They’re getting their thoughts and beliefs suggested to them by the outer world, living out of reaction instead of creation.”

    Step #3: Take Action. While the subconscious mind is one component to behavior, we cannot rely on it alone; we must take deliberate, conscious action. Wilf says, “Create a practical action plan. For example, If you love social impact, reach out to social impact events and find successful people to model.” Taking action in alignment with your new beliefs can help you feel a sense of accomplishment and actualize your goals.

    Step #4: Give. Wilf says the act of giving can be a potent source of life satisfaction, and it’s even been proven to reduce stress and aging and promote health and longevity. Consider donating to a cause you care about this holiday season. Or, rally your friends and community together by “donating your birthday.” Wilf is currently donating his birthday to the SAN-DAL project, which empowers an ancient African tribe to sustain itself by selling its signature sandals around the world.

    Enjoyed this post? Check out more of my tools for creating a life by your own design.

    This article originally appeared on Forbes.com

  • How Millennials Are Reshaping What’s Important In Corporate America

    How Millennials Are Reshaping What’s Important In Corporate America

    I can’t tell you how many times I’ve heard my friends say they’d rather work anywhere over a corporate job. For many millennials, corporate companies have long had a bad rap. We remember well our parents’ groans and gripes about their dictatorial bosses and distant coworkers.

    Seventy five percent of millennials believe corporate businesses are focused on their own agendas instead of improving society.

    What millennials really want out of work is to make an impact. Nine in ten seek to benefit society with their skills, and one in two would be willing to take a pay cut if it meant working for a company that matched their values.

    As millennials shoulder the workforce, we’re setting a new standard for ethical, transparent, and sustainable business practices. Take Uber, for example, whose peer-to-peer rideshare app is bringing communities closer and empowering workers to pilot their own schedules.

    For companies that want to thrive in the 21st century, adapting to this new way is a necessity.

    This week on the Unconventional Life Podcast, I spoke with one millennial founder whose value-centered company is becoming a favorite among millennials.

    Meet Rafael Museri, the founder of Selina, a hospitality group that hosts co-working and co-playing spaces in destination locations around the world. Selina is on a mission to become a major hotel chain, displacing industry giants like Hilton. Currently, they have 20 operating Selinas and 15 additional under development and they expect to end 2018 with 50-60 operating (globally) and 15-20 under development.

    What makes Selina so attractive to millennials? Museri says it’s Selina’s values. The Jerusalem-born founder has cultivated an atmosphere of equality that makes travelers of all backgrounds feel at home.

    Below, Museri shares five practices he’s convinced set Selina apart. If you’re looking to uplevel your company, consider integrating some of these tips in order to resonate more with millennials.

    Treat All Of Your Clients Equally. While most services tend to treat higher-paying customers better than lower-paying ones, Selina treats all of its customers equally. Guests cohabit the same common areas independently of how much they paid for a room, and there’s nothing that distinguishes smaller rooms from larger rooms; each of the doors are marked exactly the same. For Museri, shared humanity is the great equalizer. No matter if guests pay $5 a night or $300 a night, they are all treated equally.

    “Traditionally they break up 2, 3, 4, and 5 stars based on how much you can afford and that’s how they treat you,” says Museri. “At Selina, it’s not about who you are and how much money you have.”

    Cater Your Products To Individuals. Part of what’s made Selina such a hit is its due diligence in conducting market research. Museri says, “We traveled to 140 different hostels around the world and asked travelers to share their experiences with us. We collected data about travelers, their interests, and the changes they wanted to see. It’s all about data, all about market research, all about trends. We always prefer to spend more on the market research side and feel confident in our vision.”

    In order to strike a chord with millennials, you’ve got to talk to them. Narrow your target market down to a very specific niche and develop services that are uniquely tailored to their needs.

    Create A Community. Millennials value relationships and experiences. They wanted to feel bonded with others who share similar values as them. Your company is more than just your product or service, it’s why you do what you do. What are your core values? What do your customers have in common?

    Consider creating a mission statement that reflects your values. Express these values in your community, either in your digital content or at in-person gatherings. Your values will act as cohesive glue for your community and generate loyalty.

    Museri says, “I think one of the main reasons communities are exist are they make people feel more comfortable; they let people know there are others who share the same values as them. I traveled the world via bicycle across India, Europe, and South America seeing and experiencing different types of communities. It made me very interested in understanding how the world was connected.”

     Enjoyed this post? Check out more of my tools for creating a life by your own design.

    This article originally appeared on Forbes.com