Episode #27: Simon Katz- Young entrepreneur tells you how to gain control over your life

Have you ever wondered how people can become an entrepreneur at a young age and how some of them succeed? On this episode of Real Talks on the Rocks, I sit down with Simon Katz, who is the founder of multiple Silicon Valley businesses and is part of some of the most exclusive social networks in the world. Hear Simon talk about his early life in the Soviet Union and how that drive carried over to the United States when he came here as a child. Simon spends plenty of time going into detail of how he was able to take control of his life, despite the circumstances he faced, and his personal advice for how you can take control over the income you want to have! Simon is also a YouTuber with over 20k subscribers and utilizes his channel to explain his thoughts on various topics in the financial, real estate and business sectors. You can reach out to Simon on his instagram page: https://instagram.com/simoniknow You can also check out his YouTube page here: https://youtube.com/c/SimonKatzShow Thank you to all of my supporters who are supporting me on Patreon and allowing me to grow this channel! Click the link below to access this episode's bonus content: https://patreon.com/realtalksontherocks For all of the links to the other avenues to view/listen to my show, you can visit my website at: https://realtalksontherocks.com There you will find links to Apple Podcasts, Spotify as well as my Patreon page. You can also follow me on: Facebook: https://facebook.com/realtalksontherocks Instagram: https://instagram.com/realtalksontherocks Twitter: https://twitter.com/realtalksontherocks Chapter markers: 00:00- Intro 04:05-Growing up in the U.S.S.R10:47-Making money by being “clever” 15:10- Hustling as a kid in San Francisco 16:34- No one taught us about money19:10- Men’s mental health 21:12-Simon’s obsession23:54- YouTube is not for the money 26:00- What you can learn on YouTube27:17- How to have a healthy relationship 29:53- The thrill of buying cool stuff! 31:42- why this show exists 32:27-the REAL reason why you want to be in the “club” 34:32- AMEX centurion card (black card) 36:12- Networking with the right people 39:07- the daily life of an entrepreneur 42:22- why does Simon work so hard 46:07-why talking to your partner is SO important 48:30- look at the family behind your spouse 50:22- Balancing supporting kids vs spoiling them 51:37- Patrick Bet-David lessons 54:30- the “game” that billionaires play to keep their money 57:16- Why the government spends billions to keep the economy going 58:46- How Simon started his first official business 1:02:32- How much capital (money) do you need to start a business 1:07:37- How to choose the right product to sell 1:09:49- be careful selling on Amazon (read the fine print)1:13:17- be careful with inventory-based business 1:15:02-Finding the right people for your business 1:18:32-Simons hardest days as a business owner 1:20:04- The new norm with employee loyalty 1:23:42- the “clock in, click out” mentality 1:25:32- money does not make you happy 1:28:24-let’s talk about capital needed to start a business 1:31:42- Why Simon dabbles in real estate 1:35:07- The game of buying a home in the Bay Area 1:41:09- How badly do you want the money? 1:42:42-How to buy a home as an “average person” in the Bay Area 1:48:04- What happened to the “old idea” of buying a home?1:52:22- What Simon has up his sleeve 1:58:00- Have a business or kids? 2:02:00-Final thoughts