Behind Patrick Bet-David’s $500M Net Worth

Noah Kagan Presents

Noah Kagan

Entrepreneurship, Business

4.7 • 1K Ratings

🗓️ 9 May 2024

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

FiveTaco is the easiest way to find software for solopreneurs, from productivity tools, to the latest AI tech to help run your business.

There's something truly inspiring about immigrants who overcome significant challenges to achieve remarkable success by coming to America. In today's episode, we're speaking with Patrick Bet-David, who is well on his way to becoming a billionaire.

We explore Patrick's remarkable journey, reflecting on growing up in war-torn Iran during the Islamic revolution, spending time in a refugee camp in Germany, and later serving in the US Military. From there, he transitioned to working for Morgan Stanley and TransAmerica before becoming their competitor and revolutionizing the entire insurance industry. Today, he owns 8 companies and recently sold one for a multi 9-figure sum.

In this conversation, you’ll enjoy 3 BIG things:

How unconditional love and unconditional pain has shaped his unbreaking resilience
How identifying your enemy can drive you to succeed
How he won in the competitive field of insurance sales

Enjoy these 3 things plus many nuggets along the way.

If you dig this episode and want to hear another Refugee turned billionaire story, go back and check out the conversation we did with Andrew Viterb, that’s 296 in this feed.

Check out Patricks podcast PBD and his newest book Choose Your Enimies Wisely. His website is https://www.patrickbetdavid.com/ and you can find him on Instagram and Twitter

I have also been sharing emails on my brutally honest advice on a variety of topics. People have been loving it. Sign up at noahkagan.com and join 350k other people who get juicy insights every week.

Transcript

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0:00.0	Anybody that's a great persuader, you're one step away manipulating and what's the difference?
0:04.4	Persuasion is I win, you win, he wins, manipulation as I win, you don't, he doesn't.
0:10.4	The market has zero sorrow for you. Your mom has sorrow for you. That's her job.
0:15.0	What is up, you sexy bastards. It is your boy, Plia Del Carmen.
0:22.0	A. A. Rabbi can't lose. A. A. A. Noah Kagan.
0:25.0	In today's episode, we're speaking with Patrick Bet David.
0:29.0	He sold a very large insurance business that he ran uniquely,
0:32.0	and now runs a popular YouTube channel.
0:34.3	But life wasn't easy for Patrick. He is a former refugee from Iran. He lived in camps in Germany,
0:39.7	moved to America, joined the army, and has done a ton of different jobs to eventually get to where he is today.
0:45.7	Very impressive, working his ass off story.
0:48.9	Now in this episode, if you've ever dreamed of rising from literally nothing to a very unbelievable success story, this is for you.
0:55.6	In this conversation you learn three gigantic things, how unconditional love and pain has shaped him,
1:01.5	how to identify your enemy and how that can help you? And how we won in this very competitive
1:06.5	field and interesting field of insurance sales. You're going to enjoy those three things plus a bunch more
1:11.2	ear nuggets along the way.
1:13.2	If you enjoyed this episode and you want to hear another American dream success story,
1:17.7	go check out Andrew V. Turb.
1:19.2	He founded Qualcomm.
1:20.5	Yes, the $100 billion business.
1:22.0	That's episode 296 in the feed.
1:24.8	Also, we just launched 5Taco.com.
	...

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