Episode
#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes
54:48
Published: Fri May 07 2021
Description
With Endeavor's IPO, Shaan (@ShaanVP) and Sam (@TheSamParr) break down the UFC's numbers and how it got so profitable. Key to the whole thing: Dana White. He bought the UFC for $2m and turned it into a multi-billion empire. The guys also talk about the mental toughness of UFC fighters and how you can take some of these same principals and apply them to your life. They also talk about an interesting concept called no-loss lotteries and a company trying to save you taxes. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (3:28) How to retain talent * (7:42) The mental toughness of UFC fighters * (15:30) The power of self-talk * (24:20) How the UFC got so profitable * (36:38) How this company will help you save taxes * (41:05) What are no-loss lotteries? --------- Show links: * https://studentloanhero.com/ * https://properlot.com/ * https://www.poconnor.com/ * https://www.fivestonetax.com/ * https://pooltogether.com/ * https://twitter.com/lay2000lbs * https://waitbutwhy.com/2021/04/lanby.html * https://www.thelanby.com/
Chapters
Learn how using productivity tools, such as automation software, can help you stay organized and serve your customers better, as well as how to overcome imposter syndrome and negative self-talk.
00:00 - 01:17 (01:17)
Summary
Learn how using productivity tools, such as automation software, can help you stay organized and serve your customers better, as well as how to overcome imposter syndrome and negative self-talk.
Episode#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes
PodcastMy First Million
The podcast covers a variety of topics including the UFC, the business of the UFC, self-talk, and brainstorming new ideas for artwork.
01:17 - 04:58 (03:41)
Summary
The podcast covers a variety of topics including the UFC, the business of the UFC, self-talk, and brainstorming new ideas for artwork. They also discuss the personal habit of self-talk.
Episode#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes
PodcastMy First Million
The speaker states that working with entrepreneurial types can bring good results but they are not suitable for retention as they want to start their own company.
04:58 - 11:05 (06:06)
Summary
The speaker states that working with entrepreneurial types can bring good results but they are not suitable for retention as they want to start their own company. Conor McGregor and Ronda Rousey are examples of such types who have been responsible for majority popular paper views in the UFC's history.
Episode#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes
PodcastMy First Million
In MMA, fighters are risking their lives every time they step into the cage wearing only their underwear in front of millions of viewers, fighting to the death even with someone to stop them.
11:05 - 13:40 (02:34)
Summary
In MMA, fighters are risking their lives every time they step into the cage wearing only their underwear in front of millions of viewers, fighting to the death even with someone to stop them. Compared to other sports, where players would say "I'm going to play a basketball game" or "I'm going to play a football game", MMA fighters go into a life or death situation each match.
Episode#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes
PodcastMy First Million
In this episode, the speaker highlights the importance of self-affirmation and shares a real-life example of a woman in the UFC who overcame her emotional issues by practicing self-affirmation.
13:40 - 16:49 (03:08)
Summary
In this episode, the speaker highlights the importance of self-affirmation and shares a real-life example of a woman in the UFC who overcame her emotional issues by practicing self-affirmation.
Episode#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes
PodcastMy First Million
The speaker reflects on his tendency to become impatient and lose his temper with his daughter, and discusses how he shifted his focus to set goals that prioritize what matters most to him.
16:49 - 21:54 (05:04)
Summary
The speaker reflects on his tendency to become impatient and lose his temper with his daughter, and discusses how he shifted his focus to set goals that prioritize what matters most to him. He draws inspiration from UFC fighters like Doug Rose who embody toughness and resilience.
Episode#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes
PodcastMy First Million
The speaker discusses the benefits of imagining things going well, as opposed to envisioning negative outcomes, and explores how modern rap was born out of the "fuck the police, gangster shit" mentality propagated by Death Row Records.
21:54 - 25:20 (03:26)
Summary
The speaker discusses the benefits of imagining things going well, as opposed to envisioning negative outcomes, and explores how modern rap was born out of the "fuck the police, gangster shit" mentality propagated by Death Row Records.
Episode#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes
PodcastMy First Million
The financials of UFC have been revealed for the first time as the company is going public, allowing the public to see the inner workings of the business.
25:21 - 30:05 (04:43)
Summary
The financials of UFC have been revealed for the first time as the company is going public, allowing the public to see the inner workings of the business.
Episode#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes
PodcastMy First Million
The Ultimate Fighting Championship (UFC) was bought for just $2 million 25 years ago, and it has since become a much more profitable business than one would expect.
30:05 - 33:20 (03:15)
Summary
The Ultimate Fighting Championship (UFC) was bought for just $2 million 25 years ago, and it has since become a much more profitable business than one would expect. Despite the controversial nature of the sport, it has gained widespread popularity and continues to attract major investments and lucrative deals.
Episode#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes
PodcastMy First Million
In this segment, the speaker discusses the importance of a good leader and how Dana White played a key role in making UFC mainstream.
33:20 - 37:51 (04:30)
Summary
In this segment, the speaker discusses the importance of a good leader and how Dana White played a key role in making UFC mainstream.
Episode#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes
PodcastMy First Million
The podcast host shares a story about a creepy neighbor who took a picture of him in front of his house and later revealed that he lived just a few doors down.
37:51 - 42:39 (04:47)
Summary
The podcast host shares a story about a creepy neighbor who took a picture of him in front of his house and later revealed that he lived just a few doors down. The host also mentions the sudden increase in his house value which he suspects is due to his neighbor's interest in his property.
Episode#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes
PodcastMy First Million
This transcript talks about a decentralized application with 9,000-10,000 active users in the crypto space, which makes it one of the top ones.
42:39 - 46:26 (03:46)
Summary
This transcript talks about a decentralized application with 9,000-10,000 active users in the crypto space, which makes it one of the top ones. The app serves as a savings account that offers a significant amount of interest compared to regular banks.
Episode#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes
PodcastMy First Million
The existing financial infrastructure will be rebuilt in crypto land with new possibilities that didn't exist in the real world.
46:26 - 50:34 (04:08)
Summary
The existing financial infrastructure will be rebuilt in crypto land with new possibilities that didn't exist in the real world. Despite skepticism, there is the potential for growth and personal investment opportunities.
Episode#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes
PodcastMy First Million
The speaker makes some shoutouts to individuals and a podcast, and briefly introduces One Rail App which aims to transform logistics and supply chain by offering an Amazon-style delivery experience to small retailers and distributors.
50:34 - 53:31 (02:57)
Summary
The speaker makes some shoutouts to individuals and a podcast, and briefly introduces One Rail App which aims to transform logistics and supply chain by offering an Amazon-style delivery experience to small retailers and distributors.