BILLIONAIRE Reveals Key Habits of THE RICH! Do This NOW to Make Money & Build Wealth | Michael Rubin

Added: Jun 6, 2024

Early Challenges and Resilience

Rubin faced financial difficulties at a young age when he ran out of money at 16 and nearly went bankrupt. Despite being sued by vendors and facing significant debts, he remained resilient and saw the opportunity in adversity. These early failures taught him valuable lessons about perseverance and resilience. He emphasizes that every failure leads to the next success and encourages embracing challenges as opportunities for growth.

Importance of Surrounding Yourself with the Best People

Rubin highlights the significance of surrounding oneself with talented individuals who share a common vision and can work effectively as a team. He stresses the importance of hiring people who are not only skilled but also willing to collaborate and contribute to the overall success of the organization.

Focus on the Consumer Experience

Rubin emphasizes the importance of prioritizing the consumer experience in all business decisions. He highlights the need to constantly improve and innovate to enhance the fan experience and deliver value to customers. By focusing on the needs and preferences of consumers, he has been able to drive growth and success in the competitive sports merchandise industry.

Overcoming Financial Crisis

During the 2009 financial crisis, Rubin faced a significant challenge when his company's stock value plummeted, and he was at risk of losing everything. Despite the dire circumstances, he remained calm and focused on finding solutions to overcome the crisis. Through strategic decision-making and perseverance, he was able to navigate the challenging situation and eventually sell his company.

Privilege

Rubin discusses his unique position as a highly connected individual with access to successful business leaders, billionaires, athletes, artists, and cultural icons. He acknowledges the privilege of learning from a wide range of people and emphasized the importance of being a sponge for knowledge and insights. He expresses his gratitude for the opportunities to interact with different individuals and the value he gains from each interaction.

Balancing Success and Happiness

The conversation shifts towards the challenges of balancing fame, success, and money with happiness and healthy relationships. Rubin shares his perspective on the importance of wanting the best for those around you and supporting their success. He emphasizes the significance of collaboration over competition and the value of fostering a positive and inclusive environment where everyone can thrive.

Rubin's Strengths

Rubin reflects on his own journey to success, highlighting his background of not excelling in traditional academic settings but finding his strengths in business and networking. He shares his passion for continuous learning and growth, emphasizing the importance of hard work and determination in achieving success. He discusses the motivation he derives from past experiences of feeling overlooked or underestimated, driving him to prove himself and excel in his endeavors.

Friendship With Tom Brady

The conversation delves into Rubin's close friendship with Tom Brady, a highly successful athlete known for his determination and work ethic. Rubin praised Brady's relentless drive and focus, highlighting his will to win and his ability to inspire those around him. He shares insights into Tom's disciplined approach to life and business, emphasizing the importance of dedication and perseverance in achieving goals.

Philantropic Efforts

Rubin also discussed his philanthropic efforts, including partnerships with organizations like the Make-A-Wish Foundation and the Reform Alliance. He shares his personal transformation from simply giving money to actively investing time and energy in making a positive impact in the world. He emphasizes the importance of doing the right thing and helping others, noting the positive ripple effects that come from acts of kindness and generosity.

In reflecting on his proudest moments, Rubin highlights the countless small acts of kindness and support he provides to others on a daily basis. He expressed a deep sense of fulfillment in being able to make a difference in people's lives and contribute to positive change in the world.

Creating Opportunities

Rubin talks about the importance of seizing opportunities and taking calculated risks in business. He shares how he evaluates new business ventures by considering factors such as market size, synergy with existing operations, and potential for innovation. His strategic approach to business expansion has enabled him to enter new markets and stay ahead of the competition.

Feedback and Continuous Improvement

One of Rubin's key principles is the value of feedback and continuous improvement. He encourages feedback from customers and stakeholders to identify areas for enhancement. His willingness to listen and learn from feedback has helped him refine his business strategies and deliver better products and services to consumers.

Fanatics Athlete Immersion Program

Rubin discusses the Fanatics Athlete Immersion Program, which provides professional athletes with opportunities to learn about business and entrepreneurship. The program offers insights from industry experts and successful business leaders to help athletes develop their entrepreneurial skills.

Lessons for Success

Rubin shares three key lessons for success: maximizing every minute, surrounding oneself with the right people, and embracing failure as an opportunity for growth. These principles reflect his belief in the importance of time management, teamwork, and resilience in achieving goals. By following these lessons, individuals can strive for greatness and overcome challenges in their personal and professional lives.

Definition of Greatness

Rubin defines greatness as winning at the highest level while maintaining integrity and ethical standards. He believes that true greatness is achieved through a combination of success and ethical conduct.