DNRE88 - Kyle Depiesse: Get Out Of The Scarcity Mindset
Here’s a snapshot of a few things we talked about…
Who is the Clark Kent, When It Comes to Kyle Depiesse? [00:01:35]
How He Recognized That He Was Starting to Get Burned Out [00:04:04]
How He Pivoted From the Burn Out? [00:07:03]
Was He always Open to Having Mentors and Coaches? [00:08:56]
How Did He Find His First Mentor? [00:12:47]
How Kyle and His Family Got Out of Debt [00:15:49]
What is Creating an Experience and Where Did He First Learn About it? [00:24:07]
When Did He Decide to Educate Others [00:29:14]
One Thing He Wishes He Had Implemented Sooner to Accelerate His Journey? [00:33:29]
His Advice for People Looking to Take Action [00:35:38]
In This Episode You’ll Learn:
In this episode, Casanova and Kyle talk about finding your tribe,have more abundance in your life, and getting rid of the scarcity in your life.
Kyle is a former corporate burnout guy, who now creates experiences for people to connect. He likes to be in the background, while creating things for people to step into. Talking about corporate burnout, Kyle says that when you're burned out professionally, it affects every category of life. Every facet of your mental, physical, and personal life gets affected by it.
Around the Thanksgiving of 2014, Kyle finally had the realization, and he wanted to stop everything in his life being second priority to his work. Looking back at the process, he calls it connecting the dots.
He says that looking back, you've got to have a mentor, you've got to have a coach, you have to be with masterminds, whatever it might be having someone to be there with you to help you through that process speeds up the process.
Kyle says that he connected the dots, figured out what he loved, what he was good at and then he started to create those experiences as a result. Talking about his personal and professional growth journey, it included reading a lot of books, listening to podcasts and then he realized that information and knowledge are great, but application is what really matters.
Stepping into entrepreneurship, it was a whole new thing for him. It meant that he had to get help, and be vulnerable. He adds that there are different things you can do. You can have mentors from afar, but people have to understand that at some point they will require investments, and that's really important because if you're looking for someone's time, their time is also valuable.
Talking about how they got out of massive debt of $380,000 in 38 months, he started with budgeting. He says that we can rephrase the term ‘budget’ to how you spend money, and this gives you permission to spend, that doesn't feel constricting.
He says that if you want to get through debt fast, play good defense, but you've got to play good offense. Figure out how to double your income, then cut your expenses in half. He adds that if you focus too much on cutting expenses, you will inadvertently develop a scarcity mindset.
Talking about how he created experiences, he wanted it to be a smaller, intimate, more exclusive group, because you can't get to know that many people. He does it by forcing people into a container where they have to learn it really quick, and that is more impactful than a 90-minute guest speaker presentation when you actually get to live it out.
He adds that finding your tribe is important, because then, we can all lift each other up and we can be better entrepreneurs, business professionals, fathers, husbands, friends, all of these things. After these experiences, they still get together and you're accountable to doing what you said you were going to do. Kyle says we often overlook that we have the gift of listening, we all have that ability to active listen. You should create your own accountability partners, your own accountability group.
He adds that to make sure you don’t get stuck in a rut, ask yourself the question, how do I need to support myself through this process? The answer looks like building a tribe and building a community of people that can support you, and it looks like building routines into your day. Kyle says that action brings clarity, keep taking action even if it feels insignificant or small.
“In the morning, so if anyone's burned out, they're going to feel this, I didn't want to go to work.…”
“Where are my passions and where am I good at something? Connect the dots for that…”
“If anyone's listening and you're in that space, get a mentor, get a coach, get friends that will help, whatever it might be, but that will speed up the process for you…”
“You have got to have someone who is holding you, like, you can’t do it on your own, you've got to have someone that's going to hold you accountable to doing what you say you're going to do…”
“Being vulnerable is not weak, being vulnerable is true strength…”
“You're a grown man, but you have to take some risks in life, no matter if they're spiritual, financial or whatever it was…”
“If someone isn't there financially, you can, you can have so many mentors from afar. You can consume their books, their podcasts, or YouTube, all of these things…”
“If you're looking to go from corporate to entrepreneurship, find someone who's been on that same path and is willing to maybe take some time and share with you their journey…”
“Some people hear the word budget and they're like, ah, it feels constricting…”
“You have to play offense and defense. Playing defense in this example is cutting expenses…”
“You've got to develop a little bit of skill to play defense to manage your money. Otherwise, if you're given more money, you're just going to spend it…”
“When I was getting into entrepreneurship, not knowing what I was doing, I needed a tribe around me, and I sought out that tribe…”