Welcome once again to The Million Dollar Relationships podcasts. In this episode, our host Kevin Thompson is joined by guest Mike Dillard. Mike Dillard is a successful entrepreneur who began his career in the network marketing industry and introduced new online marketing techniques. He has built multiple successful businesses, including a financial education company, and has invested in various companies and real estate properties. He currently focuses on providing education to entrepreneurs through his website and podcast. He is also a motorsports enthusiast and a professional race-car driver.
Mike talks about the importance of building meaningful and rewarding relationships in business and life. He also shares his personal story of how he built multiple 8-figure businesses and how his relationship with money changed over time. Mike discusses about the impact that several individuals have had on his life and career, including Mark Weiser, Todd Falcone, Yanik Silver, JP Newman, Ann Shippy, and Aubrey Marcus. Mike also mentions his course RicherEveryday.com, where he and his wife Michelle teach about building wealth through retraining subconscious programs, asset protection strategies, and passive income strategies. His primary focus is to provide fellow entrepreneurs with the knowledge and skills they need to start and scale their businesses through educational classes.
Join us to hear this exciting conversation about the relationship between money and wealth and how to save and invest without fear!
[00:00 - 06:55] Mike’s Entrepreneurial Journey
- Mike Dillard has been an entrepreneur since the age of 25.
- He built three multiple 8-figure businesses in different industries.
- He began his career in the network marketing industry at the age of 19 and brought modern online direct response marketing techniques to the industry in 2005, which he documented in his self-published book, "Magnetic Sponsoring" which sold over 100,000 copies.
- By the age of 27, he built his first 7-figure business and grew it to 8 figures by the age of 30.
[06:55 - 15:22] The Challenges of Entrepreneurship
- Mike Dillard experienced an episode of insomnia that lasted for six to seven days, which caused his body to shut down and almost killed him.
- He was bedridden for 20-plus hours a day and could not sleep.
- This led to him having to abandon his business, abandon any kind of social life and his bank account declined.
- His doctor gave him Valium and other sleep prescriptions, but they only gave him 60 minutes of sleep a night which made him suicidal.
[15:22 - 20:22] The Impactful People on Mike’s Life
- Mike Dillard mentions several people who have had a profound impact on his life and career, including Mark Weiser, Todd Falcone, Yanik Silver, JP Newman, Ann Shippy, and Aubrey Marcus.
- Mark Weiser and Todd Falcone were his mentors when he was in network marketing and they took the time to coach and mentor him, which made a huge difference in his life at that point in his career.
- Yanik Silver helped to bring him into the internet marketing world and opened doors for him to meet other successful entrepreneurs.
- JP Newman and Ann Shippy saved his life from his insomnia episode.
[20:22 – 25:51] Building Wealth and Retraining the Subconscious
- Mike offers a course on building wealth through retraining of subconscious programs, asset protection strategies, and passive income strategies on the website, RicherEveryday.com.
- The course is divided into three phases. In the first phase, it teaches people about neurology and neurochemistry of becoming aware of the neurochemical patterns in their subconscious programs.
- In phase two, it gives them a system to help retrain those programs and to start building wealth on a daily basis.
- In phase three, it teaches people how to set up asset protection strategies with trusts and how to earn passive investment income with real estate and crypto, and other types of passive income strategies.
[25:51 - 26:45] Closing Statements
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Tweetable Quotes
“Building wealth is not just about making money; it's about having healthy internal patterns that allow you to build wealth over the long run.” – Mike Dillard