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A Life of Purpose: Build Businesses that Generate Recurring Revenue for a Greater Purpose

August 31, 2022
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Recently, on Steven Huskey’s podcast Portfolio Pulse, he had the opportunity to interview a remarkable guest. Steven’s guest, Kyle King is almost 30 years old, yet he's already an accomplished author, working on his 8th book, has built successful businesses including coaching groups and Masterminds, and uses his influence and leverage to establish and scale hyper-profitable businesses as speakers, thought leaders, and authority figures in their field.

In Kyle’s relatively young life, he has accomplished more and helped more people than most of us will in our entire lifespan. He started writing books and turned those works into educational curriculums. Kyle then took these curriculums into the school system and built after-school programs, eventually building an Educational Enrichment Center.

Kyle is focused on legacy and helping those around him to succeed with a life of integrity. His current project, the Maryland Project, will change lives. He is currently building a 75-acre community in Montgomery County, NC that will house single fathers and create a safe and stable environment for them to raise their children. Beyond housing, the community will provide education and pathways to entrepreneurship and homeownership.

Throughout his young career, Kyle has worked with more than 30,000 entrepreneurs and has helped most of them reach milestones beyond their wildest dreams. Throughout the process, Kyle has noticed a few common forces that prevent most business owners, coaches, and podcast hosts from being able to truly scale their impact.

Scarcity Mindset
As humans, we’ve evolved socially much more quickly than we have cognitively. In many ways, our brains still function as they did tens of thousands of years ago. The scarcity mindset is a perfect example of our brains not keeping up with our social needs.

The scarcity mindset once served people well in the preservation of the food and shelter that were needed to live. Protecting their necessities helped early humans live from day to day. Today, however, when a person is consumed by their need to protect necessities, they have a difficult time opening their lives up to prosperity. According to a 2017 study, people who live in poverty are often too consumed with fulfilling their basic needs to focus on anything or anyone else. The scarcity mindset makes it difficult to grow personally or financially, diminishing the likelihood of living a life of greater purpose.

The good news is that with dedicated attention, we can break the cycle created by a scarcity mindset. Follow these four tips to change your mindset and develop a more prosperous future.

  1. Focus on what you have. Pay attention to the positives in your life.
  2. Surround yourself with positive people. Spending time with people who live with a mindset of prosperity will help you emulate their behavior and thinking.
  3. Recognize the possibilities for your day, your week, your month, your year and beyond. Focus on the potential for positive results.
  4. Practice gratitude. Give thanks for what you have, the people who impact you positively, and the opportunity to grow.

Generalism
It is the tendency of some people to generalize successes and experiences, failing to focus on the unique steps and actions required to reach the desired outcome. Without focus and knowledge of the journey, one tends to believe that their success and the success of others have more to do with chance and circumstances than the planning and effort required to reach the goal.

We are all capable of achieving our goals and dreams and living a life of purpose. With a focus on planning and an understanding of the required steps and milestones to reach the desired outcome, any reasonable goal is attainable.

Lack of Clarity
Be clear and concise in your thinking. Understand your purpose and the problems you are trying to solve. Your thoughts lead to your words. Your words become your actions. And your actions define your life.

What is your greater purpose and why is it important to fulfill that purpose? If your “why” is strong enough, you have all the motivation you need to reach your goal. Motivation alone is not enough. Motivation will drive your activity only after you create a clear and strategic path to your goal.

Start by visualizing each step of the journey between where you are today and the impact you desire. Get specific and be clear in your language. Make a list of each step and what needs to be accomplished before moving on to the next step. It won’t take long before you have a roadmap, helping you accomplish small goals on your way to success and living a life of purpose.

When you have a moment, listen to Steven Huskey’s interview with Kyle King on Portfolio Pulse. You will be inspired by how much Kyle has accomplished in his short three decades of life and you will learn some of the exact actions Kyle has taken to impact so many lives around him. Kyle’s journey and the impact he has on others may lead you to a life of purpose.

For those medical/dental professionals that we serve at Huskey Financial, Kyle’s inspiring story will reinforce the difference you make in the lives of your clients, every day.

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