Digital Social Hour
Why Taking Vacations Can Skyrocket Your Business ROI | Jim Dew DSH #1127
19 Jan 2025
Discover why taking vacations isn't just about relaxation—it could be the secret to skyrocketing your business ROI! 🌴 In this episode of Digital Social Hour, Sean Kelly sits down with financial expert Jim Due to unpack the surprising benefits of stepping away from the grind. From uncovering networking opportunities on vacation to sparking creativity in unexpected moments, this conversation is packed with valuable insights you can't afford to miss. 💼✨ Jim shares his journey from building a thriving business to helping entrepreneurs avoid common financial pitfalls. They dive into the importance of hiring the right team, creating systems, and mastering work-life balance. Plus, hear incredible stories about persistence, mindset shifts, and how being “lucky” might just be a skill you can develop. 🧠💸 Whether you're an entrepreneur looking for inspiration or someone seeking practical tips to level up, this episode has it all. Watch now and subscribe for more insider secrets. 📺 Hit that subscribe button and stay tuned for more eye-opening stories on the Digital Social Hour with Sean Kelly! 🚀 #digitalmarketing #digitalmarketingagency #businessroi #benefitsofvacations #growthmindset CHAPTERS: 00:00 - Intro 01:40 - Annual Pitch Frequency for Jim 03:00 - Origin of WealthAbility 05:40 - Today's Sponsorship 08:20 - Work Obsession 11:36 - Cultivating Luck 14:15 - Hiring the Right Talent 17:20 - Relating to People 19:50 - Self-Made vs Inherited Wealth 22:10 - Embracing Risks 24:10 - Importance of Adaptability 26:40 - Skills and Talents as Security 29:44 - Four Stages of Entrepreneurship 32:57 - Significance of Money 35:58 - Impact of Earnings 38:20 - Jim's Personal Hobbies 38:55 - Entrepreneurs and Economic Growth 40:48 - Government Inefficiency 43:26 - Finding Jim Online APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [email protected] GUEST: Jim Dew https://www.instagram.com/jim.dew_/ SPONSORS: SPECIALIZED RECRUITING GROUP: https://www.srgpros.com/ LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/
Full Episode
You know, it's funny. Years ago, there was a very wealthy person that I knew and he said to me, I said, do you have any tips for a young guy like me? He said, take more vacations. And I didn't exactly know what he meant then. It seemed like he didn't know what he was talking about.
And often on vacation, you'll meet somebody that actually can help your business or help your life in some way that you never would have met had you not taken the time to go do something like that. Absolutely. Cool. All right, guys, Jim Du here, my financial advisor. Thanks for coming on today. My pleasure. Nice to see you, Sean. What's new with you, man?
Oh, man, busy. I mean, this is a busy part of the year for us near year end, doing things with clients, trying to carve out a little extra time off with Mimi, who you know, my wife as well. But things are good.
Yeah, you're all over the place. You're in like seven masterminds, right? I don't know about seven, but I get around. Yeah. That's where we met. Uh, Fleischman's right. A hundred million. Yeah. That's exactly right. Yeah. And now we're working together and you guys have saved me a ton of money. Helped me buy my first house. Yeah. Tax planning has been great. So it's been a pleasure.
Thank you, man. Absolutely. It's been great working with you. I remember when we met, we had a long bus ride together, uh, At 100M, you were educating me on crypto a little bit. You're like the crypto expert. Did you get any? Yeah, I own some crypto. Okay. You're chilling now. Yeah.
I mean, not enough to where my life's going to change one way or another, but enough to where the move in the last couple of weeks is significant. Nice. That's cool to see you adopt to it because I know a lot of people were like kind of iffy about crypto.
Yeah, I still see it as speculative. Like I don't, it doesn't pay a dividend. You know, I don't know. So far it's been like just moves with the stock market just more dramatically in the recent history, but it's a thing. It's a real thing. And I think when there's a real thing, even if it's speculative, carving out a little piece of your portfolio makes sense.
I'd assume hundreds of pitches, right? For investments. Oh my gosh. Yeah. Our team probably sees 600 private deals a year. Jeez. Yeah. And what percentage of those actually make it to the end? About 50. So like 8%? Yeah. Okay. Yeah. And what, uh, is it industry specific usually or?
Uh, no, I mean, everything from private equity, private debt, oil and gas, sexy stuff, venture capital, uh, real estate deals, you know, all the above. Yeah. Cause making money, your clients are good at investing and saving. It's a whole nother part. That's exactly right. And that's what I struggled with because I was good at making money, but I would lose it all. It happened to me twice. Yeah.
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