Ryan Carroll is an entrepreneur and content creator based out of Miami. At a young age, Ryan began his journey as an entrepreneur, where he would purchase wholesale products and sell them for a profit. Today, he is the CEO and founder of Wealth Assistants, the one-stop shop for investors looking to make passive income through automated business. While his path ultimately led him full circle, there were many obstacles and roadblocks which he had to overcome to see the success he sees today.
While marketing always seemed to be the backbone of his financial support, Ryan’s heart has always led him to content creation. While he’s had some success documenting his travels via YouTube, he lacked the financial backing to do his vision justice. After years of due diligence in putting his business together, Ryan plans on getting back to creating content on ways for people to make money and achieve financial independence.
Where did the idea for Wealth Assistants come from?
I’ve spent the last seven years working and building stores in the eCommerce industry and wanted to expand into higher-level opportunities for myself and my clients. This resulted in me creating Wealth Assistants, a way for me to help myself reach higher levels of income and help my clients achieve better returns than they would see from traditional investment methods.
What does your typical day look like and how do you make it productive?
I wake up at 6 am every morning and meditate to understand what I want to accomplish for the day. I’ll then do 2 hours of deep work supplemented with coffee. At 10 am, I work out with my trainer and get lunch before getting on calls and working for the remainder of the day.
To make it productive, I need to set boundaries with myself and those I work with. Understanding how to optimize your time and set efficient schedules that work best for you is crucial.
How do you bring ideas to life?
I actually have a tattoo that says “dreams to reality” because bringing ideas to life really excites me. Whenever I get an idea, I’ll write it down in my journal and try to figure out how I can make it possible. I usually get so excited that I’ll plan the entire business from start to finish and even have a 5-year plan in place before breaking it down into a checklist and getting to work.
What’s one trend that excites you?
Tiktok. I really appreciate how simple and effective it is to market your brand and extend your network.
What is one habit of yours that makes you more productive as an entrepreneur?
Prioritizing my health. Everything becomes much easier if you really care for your body and mind. High-level entrepreneurs must be very sharp mentally, so I do everything I can to live a healthy and active lifestyle to optimize production.
What advice would you give your younger self?
Do your best to enjoy the process and be optimistic through all the pain and failures because everything you go through provides a lesson that will teach you how to get to where you want to be if you stay strong. Try to stay present and enjoy each moment; time really does fly by.
Tell us something that’s true that almost nobody agrees with you on.
The world we live in is just a giant made-up system. There are rules to the game, and your success depends on how well you play it. News and social media paint a particular picture to get you to take action, but it’s important not to get distracted and to stay focused on your path.
As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?
I regularly meditate to calm my mind and visualize a clear picture of what I need to be doing and why. Once I understand the chess game, I can play it accordingly.
What is one strategy that has helped you grow your business?
Putting myself out there and expanding my network. My entire business is what it is because of the events I went to and the people I met. I’d say relationships are even more important than money in business.
What is one failure you had as an entrepreneur, and how did you overcome it?
When I was 22, I had an eCommerce business that was slowing down, so I decided to start a few new companies using credit cards. I didn’t manage my money well and ended up with over 65k in debt, which messed up my credit so much that I had to move back to my mom’s house. I was humbled during the two years it took me to get back on track. To overcome failure, you need to embrace it and learn from it. It’s excruciating but necessary to be successful.
What is one business idea that you’re willing to give away to our readers?
Take a regular business and rebrand it with giveaways and incentives. I know some companies that have got rich not because of their products but because they’ve incentivized each purchase with the chance to win a new car, trip, or cash. Making it fun and exciting to shop with you will help you sell anything.
What is the best $100 you recently spent? What and why?
Miami is expensive. I recently went to dinner and had the option to park my car in the very front rather than the garage for $100. That saved me at least 20 minutes of inconvenience when I finished dinner, so it was well worth it. Time is valuable, so any opportunity to buy back time is worth it.
What is one piece of software or a web service that helps you be productive?
I have a few; I use Slack to communicate easily with my team, I use Zoom daily for meetings and ClickFunnels as part of our marketing stack.
What is the one book that you recommend our community should read and why?
$100M Offers: How to Make Offers So Good People Feel Stupid Saying No, by Alex Hormozi.
I recommend this book because it’s super simple to read and tells you exactly what you need to do to create a compelling offer that people can’t refuse. It really helped me build my businesses.
What is your favorite quote?
“Don’t be afraid of death; be afraid of an unlived life.” – a few people have been given credit for this quote over the years, but I originally heard it from my sister.
- Somebody somewhere probably went through what you did and came out rich. Never be a victim of your circumstance.
- Money makes most of our decisions, so make as much as possible. It’s your responsibility to do so and yours alone.
- You can have everything you want in life; it’s just a matter of finding out how. Never give up on your dreams.
Steve (Stefan) Junge hails from Germany and helps with the day-to-day publishing of interviews on IdeaMensch. While he and Mario don’t share a favorite soccer club, their enthusiasm to help entrepreneurs is a shared passion.