Jerome and special guest Jonathan Cronstadt dive into how Jonathan achieved a "double unicorn" exit from Kajabi. Through two foundational elements - relationships and delivering value - and fate, Jonathan went from working with Joe Polish to achieving a $2 billion valuation. This conversation focuses on the idea that success is not a destination but a journey of joy and fulfillment. They discuss the concept of hedonic adaptation, which states that any reward will have diminishing returns over time, and how this affects income growth. Jonathan also discusses the tricky balance between financial freedom and hard work, risk-taking, commitment, and dedication to one's goals. They share personal anecdotes about their journey to illustrate the price of success and what is needed to reach it. This episode is an inspiring reminder that financial freedom is achievable with hard work, support from family and friends, mentorship, and meaningful investments in oneself.
[00:01 - 13:15] From 6 Million to a 2 Billion Valuation: J Kron's Journey to the Double Unicorn Exit
The two foundational elements of Jonathan's success are relationships and delivering value
Joy comes from the pursuit, overcoming of challenges, and playing the game
Success is a journey, not a destination
You will never know the price of success until after you've paid it
The pursuit of fulfillment is more important than financial freedom
[13:16 - 23:32] The Cost of Success: Risk, Time, and Effort to Reach Your Goals
Financial freedom is having the means to live life how you want it
Success comes with a cost, which may be measured in years, risk, time, and effort
Taking accountability for circumstances is essential to move forward
Investing in yourself is vital and requires hard work and discipline
[23:33 - 35:46] From Think and Grow Rich to Joe Polish: John's Journey of Finding Mentors and Taking Risks for Success
How Jonathan met Steve James, who taught him the importance of sales
Moved to Arizona to be mentored by Joe Polish in marketing
Other mentors include Matt Beak Holmes, Tony Robbins, Mike Cans, Ryan Dice, Perry Belcher, Ron Frazier, and Kenny Reeder
[35:47 - 43:09] How Watches Represent a Symbol of Achievement
There is valuable wisdom available for very little money
Social media is a voyeuristic, narcissistic dream that people use to show off their highlight reels
People don't love you for who you are. They love what you have
Watches are an aspirational purchase that can be passed down to the next generation
[43:10 - 54:53] Closing Segment
Friendships should be about how excited we are to talk now
Perfect happiness is found in making progress toward a worthy pursuit
Happiness equals progress
Accountability comes from producing, not consuming.
Quotes:
"With each level of challenge, there comes a new hurdle that you've got to overcome." - Jonathan Cronstedt
"You will never know your price of success until after you've paid it." - Jonathan Cronstedt
"No matter where you are, there's always going to be a path that is appropriate for your budget." - Jonathan Cronstedt
Connect with Jonathan!
LinkedIn: https://www.linkedin.com/in/cronstedt/
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Dreamcatchers is an inclusive organization that targets people's interest in being more instead of a certain demographic. We have people from all walks of life at many different ages. Find out more at www.dreamsshouldbereal.com. Find out more about Jerome at www.d3v3loping.com or www.myersmethods.com.
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