10 Lessons I Learned from The Richling Podcast

My learnings from the Spotify Podcast, Richling.

I am the type of person who jams to Pop, Rock, R&B, and EDM while working on my articles. Yes, I read books, but I was never one to take interest in Podcasts. Nope, not for me. I don't know what came over me, but I decided to open the Podcast section of Spotify. And that is when I came across Richling.

For those of you who don’t know, Richling is a podcast, available on both Spotify as well as Apple Podcasts, which is hosted by Richling himself. It is a collection of episodes, where some of the most influential people, like the American Entrepreneur and TV personality Mark Cuban, businessman and popular comedian Steve Harvey, and even Steve Jobs have given their valuable piece of advice.

The first one I listened to was the Mark Cuban episode, particularly because he was my favorite Shark from Shark Tank. But once I started, I kid you not, I just couldn’t stop. One episode after the other, I was simply hooked to this podcast, and before I knew it, I had binged the entire series in one sitting. As soon as I was done, I just knew I had to write it all down and share it with the world.

So here I am. Given below are the 10 lessons which I personally considered as major takeaways from the Richling Podcast.

1. Be the best at your Business

There will always be someone out there who would want to overthrow you. When you enter the arena or the market with your product or service, there will always be ten or twelve people who know your craft too. You are never in a vacuum with no competition. The way you stand out from the crowd is simply by being the best. And by that I mean, continuously find ways to learn more and more about your product. Increase your skillset for your business, and most importantly, keep educating yourself.

2. Invest in Education

The biggest investment you can make is in educating yourself. A course, a degree, or a diploma shows your seniors that you are passionate about establishing yourself in a certain field. A friend of mine always used to say, “Knowledge is the biggest flex you can have”, and that is absolutely true. Absorb as much as you can, and utilize every minute in educating yourself, in some way or the other.

3. Your Complaints Have No Value

76% of Americans live paycheck to paycheck, and this is the harsh truth. If you complain about not having enough money, then work more. If you are constantly ranting about not having a work-life balance, plan a vacation with the family and take time off. The world has no sympathy for your complaints. You are the only one who can do something about your problems. Let your actions dictate.

4. Money by itself doesn’t have any Value

Money is just a means of measuring the value of your service or product. Money by itself doesn't hold any intrinsic value. So work on bettering your product and upscaling your service, because that is what people value and come to you for.

5. Rent over Buying a House

Having your own house leads to extra expenditure like down payments and maintenance, which is easily going to cost you thousands of dollars every year. Instead, use that money to invest in yourself and your Business. This is what is going to give you a high Return of Investment or ROI. What most people don’t realize is that owning a house is more of a liability than an asset.

6. Just Be Yourself

Many of us are so worried about taking any major decisions in our lives or even to say ‘no’ when it is needed. We are so afraid of judgment and being under the microscope of the world’s scrutiny, that we hesitate to do what we truly desire. Just be yourself. The world is stunningly accepting if they believe that is the purest form of something. People are ready to accept and respect you for who you are. So get off that paranoic trip and just do what you want to do, and be who you want to be.

7. Full Commitment will always be Rewarded

When you fully commit yourself to whatever it is you have taken up, be it your business, a goal to become a fitter version of yourself, or even acing the SATs, good things are bound to come your way. The journey might be long and tiresome, filled with multiple failures and obstacles, but always trust in the process. After every failure, ask yourself where YOU went wrong. Maybe you didn’t put in everything. Keep pushing, because the fruit of success will definitely come your way, in some form or the other.

8. The Doers are the Major Thinkers

You might have the best idea for a product. The most revolutionary plan to upscale your product. But none of that is going to work if you don’t execute it. Write down your plan once, and stick to it. We look for motivational sources on the outside, which will help us get up and do the work. Stop searching for motivation itself. Consistency is the key. It’s not enough if you just get a gym membership. Get up every day and commit to giving at least some time to your goals. Show it in action, consistently. You are bound to see results.

9. It’s Hard Being Successful

Success is going to take work. You can dream all you want about popping Champagne Bottles, being on Magazine covers, and just rolling in dollar bills. But it is all just a dream if you don’t put in the work for it. It’s going to be hard to wake up every single day and put in your everything, but that is what is going to differentiate you from the rest. The amount of effort you put in is directly proportional to how close you are to your goals.

10. Surpass the Non-Believers

There are always going to be people who will ridicule you and not believe in you when you talk about your dreams and aspirations. Believe in yourself. Be your biggest hype-man. Steve Harvey spoke about how he used to have a stuttering problem as a kid, and how his class teacher humiliated him in front of the entire class for the very same reason. Today, he is the biggest comedian the world has known, and there is not a single person who doesn’t know Steve Harvey. So never give up on your dream just because a bunch of people didn’t believe in your goals.

Conclusion

These are my takeaways after listening to the Podcast. I would truly recommend listening to it yourself for that extra motivation.

A special thank you to Selma and Geetika Sethi.

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