Capitalism.com Founder Ryan Moran On How To Live In The Freedom Fast Lane

BWB Ryan | Freedom And Capitalism

Capitalism.com Founder Ryan Moran On How To Live In The Freedom Fast Lane

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    Today's episode was recorded on the day we got the results of the Presidential election.

    It seems fitting that the topic is all about freedom and capitalism with Ryan Moran, the Founder of FreedomFastLane.com, host of FreedomFastLaneLive.com (in December) and the Founder of Capitalism.com.

    Ryan Moran is an expert in building companies and brands and is teaching people to change the world and make money in the process by building a business and investing the profits.

    Some Topics We Discussed Include:

    • Why Ryan believes capitalism was NOT represented in this episode
    • The difference between free-market capitalism and crony-capitalism
    • Why capitalism is the single biggest force for good and abundance in the world
    • Why government-sponsored social-safety-nets usually have the opposite effect and how to do it better locally
    • Why minimum wage actually hurts more people than it helps
    • Ryan's mission to own the Cleveland Indians
    • How and Why he stepped out of his comfort zone and into a new level to get him closer to his goal of buying the Indians.
    • Starting a 400 person first-event with massively influential names in business because he didn't think he could do it
    • What to expect this year at FreedomFastLaneLive.com

    To learn more about Ryan and the steps to teach people how to change the world and make money in the process by building a business and investing the profits, visit https://www.capitalism.com/.

    About The Guest: Ryan Moran

    BWB Ryan | Freedom And CapitalismFounder of Capitalism.com, host of the One Percent podcast, father, Browns fan, and future owner of the Cleveland Indians.

    Started my first business at age 5, when I sold hand-drawn pictures for a penny each. Traded baseball cards from six to ten. Umpired little league baseball starting at 12. Worked at Dunkin Donuts in high school. Learned internet marketing in college and made my first million at 26 via email marketing and info products.

    At 26, I saw an opportunity in the marketplace with physical products brands. Fell in love with them, and I built and sold a couple of companies. Today, I have a portfolio of brands, and I document the journey on my podcasts.

    I believe that entrepreneurs create better solutions than governments do. I believe that markets are wiser than politicians, and that erring on the side of freedom is always a good thing.

    I am fascinated by brands, marketing, and politics. After building and selling several ecommerce brands, I invest in and advise physical products brands as part of my overall long term strategy to one day own the Cleveland Indians.

    My strengths are monetization at scale, creating content, and making big and bold decisions.

    My weaknesses are hiring and team building, building systems, and managing. For this reason, I am always hiring implementers and managers – because together, we create cool things.

    Capitalism.com Founder Ryan Moran On How To Live In The Freedom Fast Lane

    This is the nation that has a new president, President Trump. Love him or hate him, it’s been a very historic occasion. I don’t think there's anybody who wasn’t glued to the TV or the internet, watching the election and watching what’s going on. It’s a crazy time.

    Good or bad, depending on your mood, I don’t let it affect me too much. I move forward and continue on hustling. I know you are probably doing as well.

    This may be somewhat appropriate too, the economy and the government is changing. I have got my friend and the Founder of Capitalism.com. Ryan Moran is joining us. He teaches people how to change the world and make money in the process by building a business and investing the profits.

    I’ve known Ryan for the past several years and watched him do some amazing things in the world of eCommerce. There’s a big live event that he’s hosting called Freedom Fast Lane Live.

    It will be a tremendous event for you to check out as well. If you like what Ryan has to say, you can get a lot more of him real soon.

    How are you, Ryan?

    Brad, thanks for having me on. Even if they don’t like what I have to say, they can still check it out. If we’re talking politics, I’m sure somebody’s going to be upset. At least that would be the goal if that came up but thank you for having me out.

    The way I look at it is capitalism is exactly the same as it was yesterday and hopefully will be the same in four years.

    The matter remains, you’re still the best shot you have at solving all of your problems and the world’s problems. If we’re waiting for a politician or a government to do that every four years, we were doomed in the first place.

    You see everybody get so wrapped up in how much this affects them. It’s an emotional thing, I get it for a lot of people. I don’t want to make this a big political episode but it does seem especially when Bernie was so close to the nomination too.

    It’s like socialism, having a much bigger and growing voice in the country. In the far right, capitalism. It’s interesting to see all of the tension between these two ideologies, battling for the soul of this nation, don’t you agree?

    I don’t agree, here's why. I was bacon-wrapped up too but I was wrapped up because I don’t think capitalism was represented.

    If we take policy aside, if we look at the difference between capitalism and crony capitalism, capitalism would be getting things done and solving problems and changing the world through the profit motive whereas crony capitalism is getting government contracts and changing legislation.

    We heard a lot about crony capitalism. We did not hear a lot about free-market capitalism. I think they’re very different things. I felt very frustrated with the election process.

    One of the reasons why I feel so compelled to spread the message of capitalism in Capitalism.com is because I think we have seen the world bastardize capitalism and replace it with this idea of the government being the solution or big business being in bed with government.

    At the end of the day, I don’t think there are many occupy Wall Street type of Bernie Sanders supporters, people who are upset that people are making money. They’re upset that they’re making money at the expense of others by being in bed with government.

    We can all agree on that but that’s not capitalism. Capitalism is providing something of value, creating new value and being immensely rewarded in the process because there are no limits to the amount of abundance that we can have. That’s the message that I fear has been lost throughout all this noise.

    You put that eloquently and I totally agree. That’s one of the things I didn’t even bring up like Trump. I don’t see Trump as the bastion of capitalism or the poster boy.

    I have a Finance and an Economics degree background. I studied Milton Friedman a lot. I studied a lot of these people who are some of the leaders of what real capitalism is.

    Unfortunately, the majority of the people out there don’t know what capitalism is. They hear about it as we’re the capital of this country or that capitalist pigs are ruining everything.

    For my audience who don’t have a degree in Economics and haven’t studied all this, and you’re the founder of Capitalism.com, give me some more details on what it represents and what it doesn’t, maybe some of the myths surrounding capitalism and what you’re trying to do to dispel those.

    I would consider capitalism to be the container through which individuals are financially rewarded for solving problems. To put simply, we change the world and make money in the process. It’s the best shot we have at solving any problem that you want.

    I don’t care if it’s global warming. I don’t care if it is energy, if it is illness and disease, capitalism is the fastest, the most efficient and the best shot we have at solving all those problems.

    We only slow it down when we get in the way, when the government tries to come in and expedite it. It usually rewards winners before they have won and prevents people from coming in and being innovators. The best thing we can do to solve all those problems is to keep the hell out of the way.

    I would define capitalism as that container through which we protect private exchange so that we can solve problems and make money in the process.

    The biggest misconception people have is that there's a fixed pie, that by me, producing something of value and being rewarded, I have now made it harder for you to experience the same benefit.

    The opposite is true. By me providing value in the marketplace, I’ve made the pie bigger and therefore you have more to work with. You can succeed even more. By you succeeding, you provide more to the economy and I’ve got more to work with.

    It’s the reason we can look back 100 years and we say more people are fed, more people have housing. The quality of both those things have gone up, more diseases are solved even though we’re “using up natural resources” and we have more people to feed on this planet.

    That’s the reason because by more creation, we build a bigger pie. When there's a bigger pie, we have more to work with and we can build an even bigger pie. That’s why the growth curve is exponential, as Peter Diamandis would put it.

    It’s why we’re able to solve more problems than ever before. It’s why we can solve more diseases and people can live longer and that can only go up as long as the pie continues to get bigger. Everybody has more pie to eat, so let's make more pie.

    The opposite approach would be there's a fixed amount and we’ve got to figure out how we’re going to divide this up equally and fairly and make sure that people put back into the pie according to their fair share.

    That would be a misunderstanding of how an economy works. An economy, as it grows, literally creates more wealth. We can create an infinite amount.

    What about the naysayers who have seen what the unbridled greed and the unbridled profits at any cost that has given a black eye to some capitalism?

    Capitalism is providing something of value and creating new value and being immensely rewarded in the process. Click To Tweet

    They think we need to have all these government controls because we’ve obviously seen what the banksters have done and all of this other stuff. Do you believe as I do that it’s the overregulation? What do you think has caused that?

    There was a phrase during the crises in 2007, 2008, that Wall Street was drunk. That would be what most people would say unbridled capitalism of the bankers. If we simply look at who provided the alcohol, who brought this alcohol into the party to make Wall Street drunk?

    We can point back to the Federal Reserve, keeping interest rates below 1% or at 1% for a long time, which is where they are. They’re below 1% right now, we’re doing it again. We’re stating off the hangover with more alcohol.

    I would go back to policy. The policy is that we had below-market interest rates, which allow the rich to borrow at almost no cost and buy apartment buildings, buy businesses and buy stocks and real estate and all these great things that spur economic growth.

    They're doing it carelessly because there's no risk because they're paying almost nothing in interest rates. While the poor, they pay higher prices because now there are these asset prices going up.

    Rent is going to go up. The cost of housing is going up. The cost of food is going to go up. The cost of gases is going to go up. Meanwhile, they're getting less in their savings because the banks have below 1% interest rates.

    You have a policy that is supposed to encourage growth but it actually makes the rich richer and the poor poorer. We blame capitalism for making income inequality. It just makes no sense.

    A better way of looking at this will be to stay out of the way. Let markets decide how things are going to work and then you don’t have all of these problems. I look at policy as the problem in the first place.

    What about social safety nets and what about those aspects? There is the purest capitalist, laissez-faire, every man for himself, then there's the more realistic side that we live in. What’s your view on the social safety nets?

    My personal view is that they tend to have the opposite effect. It’s a good thing for us to take care of one another. I happen to think the government is bad at it.

    I want my neighbor to be taken care of in the events of something happening. I don’t trust that to an out-of-touch politician to be able to make good decisions for him.

    If we’re going to do it though, the best way we could do it is on the state or the local level because we have more control over it. We have more ability to affect change if we don’t like the policy in the first place.

    It’s easier to hold a politician accountable if they’re on the state level. You can vote them out a lot easier than waiting for years for whoever’s going to run for president to be able to do something differently. If we’re going to do it, we need to do it on the local level.

    The idea that we could have a policy work for 400 million Americans over 50 different states over 4,000 miles is absurd. The people in Colorado are going to have different needs than the people in Florida.

    A one-size-fits-all policy is a mistake. It’s inefficient and if we’re going to do it, then it needs to be done on a local level where we can have a more direct say over what that’s going to look like.

    It’s a shame when it comes to politics. As a nation, we all tend to pay more attention to the things that happen to the top and less that happen locally in our communities, in our county and our state.

    When you look at what affects us the most and what change we can affect the most, it’s much more at the local level.

    I know when I voted in this election, I primarily voted for a lot of the things that were on the ballot in San Diego and California in general, more so than I did at the federal level. I know that those things are going to affect my day-to-day life arguably to a larger degree.

    One of the things that were on the ballot, I believe it was out here in California and I know in a lot of places around the country I saw it pass a lot of referendums on increasing the minimum wage. Your views on the minimum wage?

    My view on the minimum wage goes back to that it does the opposite impact. It hurts more people more than it helps them.

    We could go deep into the economics of that. I understand that it’s a well-intended policy that I think does the opposite effect of what people are hoping for.

    To your other point, if we pay more attention on the federal level than the local level, that’s the reason why on Capitalism.com our tagline is, “Be the change.” It’s a bad strategy to wait for eight years for you to have an impact on somebody’s life by voting for the right guy or girl.

    I want change to happen, so I'm going to wait eight years. I'm going to hope that my guy wins, then I'm going to vote for him when tens of millions of other people are also going to vote.

    I hope that my voice is heard and then wait two more years for them to be able to hopefully pass a policy and hope that it trickles down to me. I can’t think of a worse strategy than that when you can create the change that you want in your life now.

    On the minimum wage thing, I've searched all over the internet but it was years ago that I saw this analogy to it. The guy who was telling the story said, “I couldn’t believe it.”

    He goes, “I had this old computer, I was done using it. I threw it on eBay, I figured I’d sell it. I was going to throw it away, but what if I can a little bit of money for it? Somebody offered me $200 and we went to engage in the transaction.”

    “I got a letter saying I can’t sell it for $200. It was from the government. What do you mean? I'm about to complete this transaction.”

    “No, you’ve got to sell it for $500.” “It’s not worth $500 and nobody will give me $500.” The buyer said, “No, sorry.”

    BWB Ryan | Freedom And Capitalism

    Freedom And Capitalism: Study more details on what capitalism represents and what it doesn't so you can dispel some of the myths surrounding it.

     

    You probably think that’s a ridiculous thing that the government would never tell that you have to sell what you have for a higher price than the market’s willing to give you. That’s exactly what they're doing with minimum wage.

    Somebody may not have a lot of skills. There might not be somebody out there willing to pay them $15 an hour but they’ll pay him $5.

    You’re telling these people at this lower level, “You're not allowed to sell your time.” You’re not allowed to earn money unless you charge a much higher rate, then nobody wants it. That was a pretty interesting analogy.

    I would look at it even broader than that. Waiting for your labor union to give you a better deal or waiting for the government to change your salary, putting your hope and the government telling you what you’re worth, I think is insulting.

    People are worth more than that. It can impact change faster than just waiting for a politician to give them what they want.

    Nobody knows what they’re talking about when arguing that America is a purely capitalist country. We are very much on the socialist spectrum based upon a lot of the policies and a lot of things we have now.

    Do you think we’re too far gone to make a big difference? Do you think that it’s through entrepreneur and education that we can start to turn this thing around? Do you think we’re on a path to just becoming a pure socialist country?

    I’d go back and forth on this. If you ask me, my answer is that I'm very optimistic. That has nothing to do with the election. Just overall, if we look at the progress that we are making in the private sector, it far outpaces what’s happening in the public sector.

    If we look at that, we are disrupting industries faster than governments can keep up. The government just has to get out of the way.

    If Uber and Lyft can disrupt the taxi industry and the transportation industry faster than any government can do and faster than the government can even update their legislation, then what do you think is going to happen when Tesla releases the self-driving car?

    Their built-in Uber technology where I can be in the Bahamas and I'm renting out my Tesla 1 gone because it’s driving itself and I come back and there's money in my account.

    I am very optimistic that we are outpacing government so quickly that we will easily see that there's no reason to stand in the way of capitalism. We need to get out.

    In James Altucher’s book, Choose Yourself, one of the things I loved, the point he made is because of what’s going on with the economy, the environment.

    Throughout history, it’s never been more important to be entrepreneurial or to be an entrepreneur, whether you're an artist, whether you're in a business or whatever.

    Changes are coming and people are being forced into independent contractor status more so than ever before. He says, “Never has it been more important to be. However, never has it been easier to be an entrepreneur.”

    Can you imagine several years ago having the ability to sit down and have a business as a teenager with your computer and nothing else? Back then, to start a business was massive capital. The only type of business you could start without a bunch of capital is a multi-level marketing business.

    Now, it’s almost expected that young people are going to be entrepreneurs. They don’t want to be doctors when they grow up. They want to be YouTubers.

    They want to be Elon Musk. They want to be YouTubers. They're the new rock stars. I was writing an article about that.

    I was having this conversation about solving world problems over beers. You mentioned earlier Peter Diamandis, who I've met and loved all the stuff he's doing. You’ve got him coming to Freedom Fast Lane Live, right?

    That’s correct. He’s keynoting the event.

    Peter, the Founder of XPRIZE, his entire model was, “Let’s solve major world problems by putting a prize on them.”

    I think it was a $10 million prize to be the first company to get into space. That’s what Richard Branson and Burt Rutan won $10 million the first XPRIZE. I bet that they spent more than $10 million on their plane.

    I’m willing to bet they're the first company to take a plane to space. It costs more than $10 million. Especially in America, we have this competitive spirit.

    One of the simplest problems is to sponsor a prize. Even if the prize is minuscule, it’s like a trophy prize. It will ignite the capitalist, the entrepreneurial passions of so many people. Problems get solved so much quicker than ever before.

    If our government read some of the stuff that Peter’s put out and applied it, that is a big part of the future. I thought that was awesome when I saw that you were having him keynote the event.

    Even if we were to go more micro than that, there's something magical about, “In your business, what problem is it that you solve?” I teach a lot of eCommerce entrepreneurs. I teach a lot of individuals how to build visible product brands and how to sell those.

    My stick is the twelve months to $1 million plan. What you need to do to build $1 million business in twelve months. One of the sticking points that a lot of the new entrepreneurs that I work with have is they say, “I’ve got this product. What do I do with it?”

    They have no idea who they serve or what the paying point is it they're solving. What problem do you solve with your products? If you can solve that, and you can put a person behind that, then your entire product line becomes extremely clear.

    Real change comes from people being entrepreneurial and people starting businesses and solving problems. Click To Tweet

    As a result, you have no problem marketing that product because it’s a clear solution to pain. When it is a solution, that’s easy for people to get behind and to support. Whereas if it’s a product, that’s harder to sell.

    If we were to think about entrepreneurship and your business is the solution to some problem, that’s easy to get people to rally behind. That’s a cause people can believe in. That’s when you have raving fans and you have repeat customers. It gets a lot easier from there.

    Sometimes the problem that you're solving is not an obvious problem, sometimes it’s not right out there. Digging and really thinking about what is it, you can uncover some gold when you really think like that and take the filter to your business, to your service.

    I’ve had this conversation with my wife. In addition to owning Stiletto Coffee, she’s a mortgage officer, although that’s a harder problem with what problem are you solving selling coffee? You're fulfilling a desire.

    In the mortgage business, what problems are you solving when somebody comes to get a loan through you? You can articulate that. In a way, it’s going to touch them more emotionally.

    It’s going to hook them much more into working with you as opposed to you saying, “I make loans so people can get houses.”

    All of a sudden, there's a mission and a reason why you exist rather than you just pushing paper all day. All entrepreneurship and all capitalism is the solution to some problem and making money.

    In the process, you’re making the world a better place and you're making money in the process. We so often forget about the making the world a better place or solving a problem piece of it. They’re hand-in-hand.

    By you having a transaction take place, you're making our world a better place because someone voluntarily said, “I want that thing more than I want these dollars.” The pie has gotten bigger.

    We see it in dollars but you’ve forgotten the impact that it made in the person who voluntarily said, “I want this thing.” It’s easy for us to lose that.

    That’s a part of why have demonized the idea of capitalism. We have forgotten that behind all the transactions, there are wants and desires that people are voting for and they’re saying, “I want this and this makes my life better.”

    I've got an article coming out about the difference between trying to be an entrepreneur and simply being entrepreneurial. How you don’t have to quit your job and take on a ton of risk and raise capital or spend a bunch of capital in order to be entrepreneurial.

    You can do that inside a job. You can do that wherever you're at, simply by understanding exactly what you just said which was, “What does an entrepreneur do?” They create value by solving problems and receiving value in return. That’s all it is.

    If you got a job and you're an accounts receivable and there's nothing amazing about it, what questions are you asking your colleagues, your bosses, your superiors, people in different departments? Are you finding out what problems and inefficiencies are there?

    Are you taking the initiative to go solve it, whether it’s you or somebody you know? That’s being entrepreneurial and you get rewarded for it. If more people took on that entrepreneurial spirit, we get a lot less issues.

    I think that’s how real change is made. It comes from people being entrepreneurial and people starting businesses and solving problems.

    I want to shift gears a little bit. I want to talk about some of the cool stuff you’ve been doing with this event and some of the growth. When you did the Freedom Fast Lane Live, was that your very first live event for that?

    That was the first one and I did it because I didn’t think I could.

    Tell me about that because you came out swinging. You came out and you made a big splash. You didn’t have a tiny little workshop and take years and years to build up.

    You’ve got some good names there and you’ve got some good people there. How many people were in the first event?

    We had just over 400 at the first one.

    For those of you who never thrown an event, putting $400 in a seat especially, did you do it in December as well?

    Yes, we did it right before Christmas.

    That’s crazy to me. The fact that you even pulled that off is amazing because everybody’s got crazy travel schedules in December. Going back to the very first one, do you have some pretty big keynote speakers?

    Let's tell the story here. My goal ever since I was a kid was to own the Cleveland Indians. Up until this point, I would say they're a bad baseball team that I want to jump out.

    I've been in this entrepreneurial and internet business world for several years. At one point, I just looked at myself and I was like, “That path that I'm on is not going to get me my dang Cleveland Indians.”

    Playing in the field of individuals where people are just trying to extract as many dollars as possible rather than doing something incredible is not going to get me my Cleveland Indians. I’ve got to go get some better strategies.

    Who are the biggest and the best people that I follow, respect and have mentored me that can uplevel this? If I do not own the Cleveland Indians, I’ve got to do something different and I’ve got to start doing it now.

    BWB Ryan | Freedom And Capitalism

    Freedom And Capitalism: Throughout history, it's never been more important to be an entrepreneur and it’s never been easier to be one.

     

    First call I made was Gary Vaynerchuk, not because he talks about hustle in Monday mornings. He owns The Jets and he runs a $100 million per year agency.

    Tell me about that. Did you know Gary before that?

    I didn’t know Gary. I just knew that he was the first person that I have to call.

    Tell me how that went down. How did you do that when you talk to somebody you don’t know?

    I paid him. I put down money. People said, “How did you get in touch with him?” “I paid him.”

    It only works all the time.

    I would pay for coaches, I would pay for consultants, I would pay for employees. Why wouldn’t I hire the people who are ten years ahead of me so I can collapse that time and make it happen faster? My second call was to Grant Cardone.

    I didn’t know who the guy was, I just know he owns $400 million in real estate. I thought, “That would make a nice down payment on the Cleveland Indians.” I need this guy to come in and talk about his empire here.

    My third call was to Jeff Hoffman who founded PriceLine.com and has a $1 billion net worth. That would give me to Cleveland Indians. We’re well on our way here.

    I called Robert Herjavec, not because he's on Shark Tank but because he runs a $50 million to $100 million a year company and invests in new companies. He's seen everything that has done to grow a business or tank the business on a massive scale because he’s invested in all these companies.

    I want to hear what the best strategies were. My intent is always to bring in those who can accelerate the process to extraordinary results and collapse it into three days. You can’t help be in that environment and walk out a different person.

    You're the average of the five people that you hang out with. You're also the average of the people that listen to and you follow. In our little ancestral world, we follow the exact same people and talk about the exact same things. It’s exhausting and it’s depressing because it’s time for a better conversation.

    This year, we’re covering the path from $0 to $100 million and every stage in between. Everyone who we’re bringing in has either been a part of a company that has made that growth or has been a piece of an overall strategy that contributes to that.

    We’re doing a panel of $100 million business owners. Peter D is keynoting the event. We brought in John Mackey of Whole Foods, $13 billion a year in revenue for that company. He's selling other people’s products.

    I look down on selling other people’s products but he does it at $13 billion a year. I guess we’ve got to talk because I'm wrong about something.

    That’s the idea, we put those who have done these extraordinary things that are beyond what our industry usually settles for. We put the best people into one room. I do it selfishly so I could uplevel.

    We invite people to join because anybody who’s going to resonate with that is the type of person I want to hang out with and will probably be good for me to know when I pack down the Cleveland Indians.

    I love that line of thinking. You're playing a long game with it. Understanding that access and influence will get you very far.

    You took a big bet on this. That had to make you tighten up a little bit going, “I'm shelling out a lot of cash.”

    Events don’t make money. This is the most expensive thing we do, it’s the most laborious thing we do. Sometimes I like to joke that we spend six months of our year prepping to do something where we won’t make money.

    Do you think you’ll lose much money or do you think you’ll break it? I'm talking about immediate.

    Our goal is to not lose money. Our goal is breakeven.

    That’s beautiful if you can put that on and breakeven.

    It’s also a lot of work but we do it because it’s the long game for me. It’s the long game of who am I surrounding myself with and how am I thinking.

    I literally build and host the event that I want to go to and that’s why I do it. There's no other event where I can get the same experience.

    It’s good branding. It is literally the event I want to go to, what we put on in December and we invite people to join. They don’t have to spend six months planning it and doing all this work. Nobody else was doing it so somebody had to and it was us.

    I've not held a big event like you’ve done and paid speakers to come in, at least not yet. All these marquee names, they all expect full payment upfront way ahead of time. Were you able to negotiate unique or creative situations that took a little bit of the paying off until later?

    Some of them are willing to negotiate but the standard approach is half upfront and half 30 days before the event. If you book them in January, you’ll put basically a 50% deposit down and then you'll pay the rest in November. That’s your standard speaking arrangement. There's some flexibility there.

    You are the average of the five people that you hang out with, listen to, and follow. Click To Tweet

    Were you able to capitalize, work with finding the opportunities with some of the people from Gary to Jeff or Herjavec, staying in contact with them and furthering that relationship?

    Grant was an interesting case, the rest yes. There is some social capital that’s built up even if an opportunity comes up and someone says, “I remember that person.”

    There's not a direct path to victory there in every case. Even if it’s a year from now, sometimes that relationship capital cashes and checks.

    You mentioned a few of these but on the line-up, Peter Diamandis, who are some of the other big marquee names that you’ve got?

    Alicia Silverstone, the actress but she’s a successful entrepreneur and nobody knows it. It’s sad that nobody knows it. Sean Stephenson, who I know you know that I'm friends with.

    One of the things at events like this, I've realized is that being in that type of environment can also be hard on your psyche. You hear all these amazing things that happen and then at least for me, I get depressed about it.

    You compare yourself to them?

    Yes. We always kick off the event with someone like Sean who has this story of, “You have nothing to be upset about.” That clears the pathway for three days of growth.

    Cameron Herold’s speaking, calls him a million-dollar man, he's been a part of three different companies that have gone to $100 million.

    The one I'm probably most excited about, Tom Bilyeu, the Founder of Quest Nutrition. That company went from $0 to $500 million in five years in selling food and in doing with no outside capital, that’s just ridiculous.

    Who are some of the people that are not coming to this, who you don’t know yet, who are on your big wish list maybe next year or the ones that you want to up-level again?

    If I tell, I’d have to kill you. I'm going to share that with you. We’re already in planning mode for the next one. We have to if we’re going to make everyone bigger and better than the last one. We always have our hit list going.

    You don’t have to have any names but what are some fields that you're looking into? There are people who are founders of companies. Are you also looking for big VC type folks or Silicon Valley or anything of that nature?

    What's most interesting to me is people who have built sustainable brands. The Quests of the world, honest companies of the world, the Whole Foods, the Dollar Shave Clubs, the companies that have brands that have been sold for millions or billions of dollars.

    One, that’s sustainable. Two, I think that is where all the VC money is going to start dumping into and we’re already starting to see that happen. Three, that will get me my Cleveland Indians. That’s my skillset, which is building big brands.

    In my case, it’s the twelve months to $1 million plan. I've built them up as big as $10 million. I've never gone beyond $10 million. I'm fascinated by the brands that have gone from $10 million to $100 million and then are acquired for billions of dollars.

    The website is FreedomFastLaneLive.com?

    That’s correct.

    I'm telling you, FreedomFastLaneLive.com, go there. Several of the speakers are friends and former guests of mine, some of them I know well, some of them I never met in person. I'm dying to go, if nothing else, meet some of the speakers you’ve got.

    One of the things I like about this is it is much more brand focused. You’ve got some inspirational people who’ve done big things. I imagine that it will be a place if you're struggling for that inspiration.

    Do you have what it takes to kick it off? You’ll see some ordinary people who do extraordinary things, just like yourself. You're doing some cool things.

    It’s been awesome to watch you over the past couple of years kicking it with eComm, with Freedom Fast Lane, with Capitalism.com.

    I’m looking forward to see where that goes and what you're able to do in educated the masses on the importance of capitalism and entrepreneurialism and making the change.

    I appreciate it. I love what I do and I'm so glad that it’s impactful for people who are watching me outside. Thanks for having me on, Brad.

    You're welcome. Is there anything else? Any nut you're trying to crack or anything that I can do for you besides just helping to get the word out?

    Buy my stuff, FreedomFastLaneLive.com. All I care about is spreading the message of capitalism and helping people to realize that they’re the shot they have at change.

    If we’re waiting for the government to make an impact or doing from the start regardless of who is president or who controls the congress or what. I think the biggest problem that we have is that we don’t have personal responsibility. We wait for other people to do something.

    All I care to do is inspire people that they’re the change they want to see in the world and the best way we do that is to be a capitalist.

    BWB Ryan | Freedom And Capitalism

    Freedom And Capitalism: Hire the people who are ten years ahead of you so you can collapse that time and accelerate your growth.

     

    I couldn’t agree more. I hope this has inspired you to go learn more about capitalism. Do you have a favorite book you’d recommend besides reading every blog post on Capitalism.com?

    When I recommend one, I’d go with The Slight Edge. It argues that monumental success doesn’t come as the results of individuals having quantum leaps. It’s the small habits that happen every day.

    That’s important to focus on and hard to these days. The best way that you can pay Ryan and I back is share this on social media.

    Let us know, let other people know that there's an important message here that needs to be heard by more people. If you do share it, tag me on Twitter, @BradCostanzo, on Facebook and Instagram, @BradCostanzo.

    If you have any questions, suggestions or compliments or otherwise, those to AskBrad@BaconWrappedBusiness.com. I look forward to seeing you in the next episode.

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    About The Guest: Ryan Moran

    BWB Ryan | Freedom And CapitalismFounder of Capitalism.com, host of the One Percent podcast, father, Browns fan, and future owner of the Cleveland Indians.

    Started my first business at age 5, when I sold hand-drawn pictures for a penny each. Traded baseball cards from six to ten. Umpired little league baseball starting at 12. Worked at Dunkin Donuts in high school. Learned internet marketing in college and made my first million at 26 via email marketing and info products.

    At 26, I saw an opportunity in the marketplace with physical products brands. Fell in love with them, and I built and sold a couple of companies. Today, I have a portfolio of brands, and I document the journey on my podcasts.

    I believe that entrepreneurs create better solutions than governments do. I believe that markets are wiser than politicians, and that erring on the side of freedom is always a good thing.

    I am fascinated by brands, marketing, and politics. After building and selling several ecommerce brands, I invest in and advise physical products brands as part of my overall long term strategy to one day own the Cleveland Indians.

    My strengths are monetization at scale, creating content, and making big and bold decisions.

    My weaknesses are hiring and team building, building systems, and managing. For this reason, I am always hiring implementers and managers – because together, we create cool things.

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