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Cameron Herold

👤 Person
714 total appearances

Appearances Over Time

Podcast Appearances

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

And I think there's something that's really good that's happening there. A rambling answer.

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

And I think there's something that's really good that's happening there. A rambling answer.

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

But let me, yeah, let me speak to that. So I, and, and I have a lot of ties to New York state. My grandmother was from peak skill. I used to go down to Cornell at Ithaca all the time. My school that I was at was in Ottawa, you know, lived across the border from Buffalo. So a lot of ties into New York state.

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

But let me, yeah, let me speak to that. So I, and, and I have a lot of ties to New York state. My grandmother was from peak skill. I used to go down to Cornell at Ithaca all the time. My school that I was at was in Ottawa, you know, lived across the border from Buffalo. So a lot of ties into New York state.

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

Again, I'm going to go back to college pro painters, which was the first business that I helped build and scale. It's where I hired Kimball and, and his Peter or cousin, Peter, the founder of college pro painters said a leader has to say no. more often than they say yes. And it's very difficult to say no.

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

Again, I'm going to go back to college pro painters, which was the first business that I helped build and scale. It's where I hired Kimball and, and his Peter or cousin, Peter, the founder of college pro painters said a leader has to say no. more often than they say yes. And it's very difficult to say no.

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

It's very difficult when we're trying to be inclusive, we're trying to let people's ideas matter, but I think good companies have learned the skill of being able to say no because we can't afford it, no because it's not attached to our strategy, no because it's not aligned with our core values, no because it's not aligned with our current cash flow, and we're good at handling conflict.

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

It's very difficult when we're trying to be inclusive, we're trying to let people's ideas matter, but I think good companies have learned the skill of being able to say no because we can't afford it, no because it's not attached to our strategy, no because it's not aligned with our core values, no because it's not aligned with our current cash flow, and we're good at handling conflict.

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

government has said yes to everything. They've said yes because it's easier to say yes, they don't piss anyone off. It's easier to say yes because they don't have to pay the bills. It's easier to say yes because somebody else is constantly giving them more money. It's easier to say yes because they buy themselves votes.

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

government has said yes to everything. They've said yes because it's easier to say yes, they don't piss anyone off. It's easier to say yes because they don't have to pay the bills. It's easier to say yes because somebody else is constantly giving them more money. It's easier to say yes because they buy themselves votes.

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

It's easier to say yes, and the top 2% are only making $300,000 a year or more, which means 98% of the people basically are kind of middle class or lower class. So it's easy for 98% of people to say tax the rich. There's not more money to get. In a business, you can't say, well, just go get more revenue. It's really hard to get revenue.

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

It's easier to say yes, and the top 2% are only making $300,000 a year or more, which means 98% of the people basically are kind of middle class or lower class. So it's easy for 98% of people to say tax the rich. There's not more money to get. In a business, you can't say, well, just go get more revenue. It's really hard to get revenue.

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

So business people and homeowners, if you're a normal homeowner, you can't say, well, let's just go borrow more money. The bank won't loan to you, right? So you have to live within your means. So I've taught my kids to save 50% of all the money they ever make when they're living at home has to get invested. When they move out, 20% of all the money they have to make has to get invested.

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

So business people and homeowners, if you're a normal homeowner, you can't say, well, let's just go borrow more money. The bank won't loan to you, right? So you have to live within your means. So I've taught my kids to save 50% of all the money they ever make when they're living at home has to get invested. When they move out, 20% of all the money they have to make has to get invested.

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

I'm teaching them that mentality. Teaching them as a business, right? Take a portion of your money, invest in growth. Take a portion of your money, invest in savings. Take a portion of your money and decide where to spend it. Use zero-based budgeting. So if a business operated the way government does, we'd be bankrupt every single year.

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

I'm teaching them that mentality. Teaching them as a business, right? Take a portion of your money, invest in growth. Take a portion of your money, invest in savings. Take a portion of your money and decide where to spend it. Use zero-based budgeting. So if a business operated the way government does, we'd be bankrupt every single year.

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

So good businesses operate with a level of rigor that is very different. And I think that's why Trump... It's why David Sachs, it's why Elon Musk, these people that are involved now in Doge and in the crypto and making big decisions for government are able to identify a lot of the waste is they're not approaching government like typical bureaucrats will. They're approaching it with like,

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

So good businesses operate with a level of rigor that is very different. And I think that's why Trump... It's why David Sachs, it's why Elon Musk, these people that are involved now in Doge and in the crypto and making big decisions for government are able to identify a lot of the waste is they're not approaching government like typical bureaucrats will. They're approaching it with like,

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

We're bankrupt. We gotta make some tough decisions right now. And sadly, we're gonna go through another period of about 12 to 18 months of stagflation, which is recession plus inflation at the same time. Hasn't happened since 1974. No, the government is not gonna be lowering interest rates. You're completely dreaming it on crack, thinking that we can keep printing money.

Finding Peak w/ Ryan Hanley
The Secret of $100M CEOs – Cameron Herold

We're bankrupt. We gotta make some tough decisions right now. And sadly, we're gonna go through another period of about 12 to 18 months of stagflation, which is recession plus inflation at the same time. Hasn't happened since 1974. No, the government is not gonna be lowering interest rates. You're completely dreaming it on crack, thinking that we can keep printing money.