DeepSummary
The episode features an interview with Matt Morgan, a serial entrepreneur and investor in the cannabis and cryptocurrency industries. Morgan discusses his approach to making money, investing, and giving to charity. He emphasizes finding mentally stimulating and proprietary opportunities, especially in emerging technologies, to capitalize on trends as an early adopter.
Morgan attributes people's reluctance to leave their 9-to-5 jobs to fear and lack of purpose. He encourages using spare time to work on personal projects and generate additional income streams. Regarding investing, he advises becoming an expert in the area before investing and starting with safer options like index funds before venturing into riskier investments.
On the topic of charitable giving, Morgan shares his intention to donate a significant portion of his wealth to animal rescue and preservation efforts, driven by his love for animals and a desire to provide them with quality lives. He plans to leave only a small percentage of his wealth to his children, with stringent conditions attached to access the funds.
Key Episodes Takeaways
- Embrace an early adopter mindset and identify emerging trends to capitalize on as an investor.
- Develop expertise in areas you plan to invest in to make informed decisions.
- Start with safer investment options like index funds before venturing into riskier ventures.
- Overcome fear and lack of purpose to explore income streams beyond a 9-to-5 job.
- Consider philanthropic efforts aligned with personal values and causes.
- Instill financial discipline and a strong work ethic in children when transferring wealth.
- Diversify investments but exercise caution and due diligence to manage risk effectively.
- Allocate time and resources to personal projects and side hustles to generate additional income.
Top Episodes Quotes
- βI see where the world's going, and I like to get in front of those trends to capitalize as much as possible and be a very early adopter.β by Matt Morgan
- βSo my kids, they really won't see a lot of money until they're probably late thirties, early forties. And they're gonna have to show many with many achievements of why they deserve to have that money.β by Matt Morgan
- βAnd the other 90% will go to animals.β by Matt Morgan
- βI think fear is the number one thing that keeps people their nine to five. They cannot fathom the thought of that check not showing up every other Friday, whether it's. They're single, married with children. Maybe there's multiple people relying on that, that check.β by Matt Morgan
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Episode Information
The Money Mondays
Dan Fleyshman
6/24/24
Matt Morgan, the Cannabis King shares his secret on how being an early adopter is the key to success and how he manages his extremely volatile portfolio. --- Matthew Morgan is an expert in the cannabis industry. With years of experience and a deep understanding of the plant's medicinal and therapeutic properties, Matthew has emerged as a leading authority in the field. As a trusted consultant and advisor, he has played a pivotal role in shaping the evolving landscape of cannabis legislation, education, and consumer awareness. Matthew's passion for cannabis extends beyond its commercial aspects, as he remains dedicated to destigmatizing the plant and promoting its many health benefits and practical uses. --- Like this episode? Watch more like it π Cannabis King Matt Morgan & John Malott Made Millions from $0: https://youtu.be/rKDf9ZgFBaE Jimmy Rex's Million-Dollar Real Estate Strategy Revealed: https://youtu.be/OWADoFktfHQ Do This To Build A Profitable Investment Portfolio in 2024: https://youtu.be/lvgy6lSaCUM Walter O'Brien & Brian Goldstein's Best Strategies for Smart Investing: https://youtu.be/ekYroFfCSg0 Watch ALL Full Episodes Here: https://www.youtube.com/playlist?list=PLs0D-M5aH-0IOUKtQPKts-VZfO55mfH6k --- The Money Mondays is a business podcast here to teach you how to make money, invest money, and donate money by showcasing some of the world's most successful people and how they do the same. Hosted by serial entrepreneur Dan Fleyshman, the youngest founder of a publicly traded company in history, this money podcast gives you an exclusive behind the scenes look at how the wealthiest celebrities, entrepreneurs, athletes and influencers make, invest and donate money. If you want to learn more business and investing while you work to improve your financial life, you're in the right place! Subscribe: https://www.youtube.com/@themoneymondays?sub_confirmation=1 Dan Fleyshman, The Money Mondays Learn more here: https://themoneymondays.com Watch all the podcast episodes: https://youtube.com/playlist?list=PLs0D-M5aH-0IOUKtQPKts-VZfO55mfH6k Letβs Connect... Website: https://themoneymondays.com Podcast: https://podcasts.apple.com/us/podcast/the-money-mondays/id1663564091 Twitter: https://twitter.com/themoneymondays LinkedIn: https://www.linkedin.com/company/the-money-mondays/about/ TikTok: https://tiktok.com/@themoneymondays FB: https://www.facebook.com/The-Money-Mondays-110233585203220/