Motivation Daily by Motiversity - MOTIVATION DAILY - BEST OF 2022 | Best Motivational Speeches Compilation

Episode Date: January 11, 2023

This is a 1 hour long compilation of our Best Motivational Speeches of the year! There is so much incredible motivation and life advice in this video, we can't wait to share it with you.Speakers:Walte...r Bond: http://bit.ly/WalterBondMotivation​Marcus "Elevation" Taylor: http://bit.ly/38FUFoSJoe RoganBrian Bullock: https://bit.ly/30oejoWCoach Pain: https://bit.ly/30oejoWEric ThomasJordan PetersonAlex HormoziWarren BuffetMarisa PeerMusic:AudiojungleEpidemic SoundReally Slow Motion Hosted on Acast. See acast.com/privacy for more information.

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Starting point is 00:00:00 Hello listeners. Motivosity is excited to share that we have launched a new podcast called Morning Motivation by Motivore. If you are looking to start your day with positivity and the most uplifting motivational audio, this is the show for you. For today's episode of Motivation Daily by Motivority Podcast, we are sharing a recent episode from the Morning Motivation Podcast. If you like it, go follow the show. New episodes are being released every week.
Starting point is 00:00:36 The link is in the description. You got to build a better you. Why? Because your life is based on you being you. Here's what we do know. Life doesn't get any easier. It doesn't get more forgiving. We just get stronger and we get more resilient.
Starting point is 00:00:58 One thing I've noticed is that enthusiasm is common, but endurance is rare. Nobody wants to disappear for three months, four months, six months, and eliminate all distractions and get into a place where you can focus on just you. What if you could just shut out every distraction? What if you could just shut out the world for just a season and focus on you? I've said many times that I never worry about what other people are thinking about you, You know, just, do you know why you're doing what you're doing? That's good enough.
Starting point is 00:01:33 A lot of people just underestimate the amount of effort it takes to go from good to great. You are not. Your past. You're you. You're you right now. You might have done some things you wish you hadn't done. And so, for whatever reason, they have this second voice that criticizes everything they do that, in reality, isn't even there. Don't dwell on that.
Starting point is 00:01:52 You learn from it, that's fine, but don't dwell on it. Just keep moving. Keep moving. You know, use it as far. fuel, say never again, I get what I did wrong, but don't think that you're that person that made those mistakes. You're the person who's learned. I would say 99% of the things that I've learned I've learned to do. Then esteemable people do esteemable things. When you want this thing as bad as you want to breathe, that's when you find a way. Like, yeah, well, you want to figure out, you want to
Starting point is 00:02:21 figure out something that you're doing with your life that's worth not getting drunk and screwing up because that's fun. you are about to rebuild you a better version of you if you will be a champion if you will be a beast you won't have to go through something here's what we do know life doesn't get any easier it doesn't get more forgiving we just get stronger and we get more resilient
Starting point is 00:02:57 one thing I've noticed is that enthusiasm is common but endurance is rare The race is not given to the strong, no the swift, but it is given to he that endureth until the end. One thing I know is that we've all been hit with a measure of adversity at some point in our life. Everybody listening to me has been hit with a measure of trauma. Everybody wants destiny. Everybody wants manifestation. Everybody wants fulfillment. Everybody wants the next level and the relationship.
Starting point is 00:03:32 and a higher quality of living. But nobody wants to eliminate distractions. Nobody wants to disappear for three months, four months, six months, and eliminate all distractions and get into a place where you can focus on just you. What if you could just shut out every distraction? What if you can just shut out the world for just a season and focus on you? A man is rewarded in public for what he does in private. The reason why you don't see it, the reason why it has not manifested, the reason why you are so frustrated, is because you have not been willing to forsake all that you've been called to forsake and to follow through behind closed doors.
Starting point is 00:04:18 Sure, you can talk about it. Sure, you can plan it. Sure, you can write it down. Sure, you can go to the conference and hear about it. You can read about it. But at some juncture, you have to disappear and put the way. work in and come back and shock everybody that doubt in you. Some of you don't even realize you have unfinished business.
Starting point is 00:04:43 You need to go back where you left off with a new perspective. Go back to the gym. Go back to the drawing board. Go back to the business. Go back to the relationship. Go back to the burning building. You have unfinished business. All you got to do and show up with a new.
Starting point is 00:05:02 new game plan and a new perspective. You got a finished business. You have odd. Finish business. You got what to do. What happens when your perspective, your perception diametrically opposes your reality? If you are going to give and grow and evolve and attain and become, everything rises and falls on your viewpoint. perspective is everything.
Starting point is 00:05:34 Let's go. I need you to hear me loud and clear. How you see this thing is everything. You cannot change the past, but you can't change your perspective about it. Your viewpoint is your advantage. Your viewpoint is what changes the game. Everybody wants increase in abundance and lifestyle change and new zip codes and new area codes. But you only read once a week, and you only work out once or twice a month.
Starting point is 00:06:06 And so the reason why you don't have what it is that you see, the reason why what's in your head is not in your hands, it's not your reality, it's because your perspective opposes your potential. You don't have it because you don't see the value in it. If you believe you've been going to beat the difference maker, the game changer, the disruptor, the person that comes into a room and commands the atmosphere, if you believe you've been called to be necessary and not grossly irrelevant, then everything you do, everything you see, everything rises and falls on your perspective,
Starting point is 00:06:50 your perception, your viewpoint. How do you see this thing? You are not your past. You're you. You're you right now. You might have done some things you'd wish. you hadn't done, don't dwell on that. You learn from it, that's fine, but don't dwell on it.
Starting point is 00:07:08 Just keep moving. Keep moving. You know, use it as fuel. Say never again, I get what I did wrong, but don't think that you're that person that made those mistakes. You're the person who's learned. I think that endurance, enduring something and building up that ability to endure things, that's also a very important mechanism that you could apply to everyday life.
Starting point is 00:07:31 Like that, the mechanism of understanding of. understanding how to endure. There's a lot of people just running from discomfort. They're running from it. They're just avoiding it. It's so easy to. And like if you get distracted for a second, you're like, yeah, let me check my phone. You just start going through your phone and looking at bullshit.
Starting point is 00:07:48 And you're just distracting yourself from the tiniest frustration of boredom. Just the little, we don't get bored anymore. Or if we get bored, we get bored for these tiny amounts of time, then you get distracted. So your distraction is eliminating your boredom. But the problem with that is like there's certain thoughts that only come to you when you're thinking, when you're, you don't have any input coming in. When we're constantly looking at our phones, the only input you're getting is input from other people. And sometimes that's good. Sometimes you get good stuff out of that.
Starting point is 00:08:21 But it's like a diet of only fruit. You know, you need some protein. Yeah. Like this is, you need to get some. other things in your diet. And I think having discomfort in your diet, like having it as a regular part of your life, it minimizes the amount of other kinds of bullshit. And I think that insanity and greatness are next-door neighbors.
Starting point is 00:08:49 And they borrow each other's sugar. There's something about mastery, like true mastery that requires you to shut off massive areas of your life. Personal areas, relationships, education, my education was a joke. I mean, until I was 21 years old, until I started doing stand-up comedy, I didn't read books. I mean, I might have read a Stephen King
Starting point is 00:09:12 book here and there for, to kill time when I was on the train on my way to training. But there was no desire to educate myself. If I was educating myself, it was maybe reading the Book of Five Rings to learn better strategy, to be a better fighter. That was all it was. Was there ever a point where he said,
Starting point is 00:09:29 I'm a little out of balance. I need to go the other way. Well, I realized I was a flawed person for sure. You know, and I think in realizing that you're a flawed person. What helped you realize that? I'm just fucking up. Just being an idiot, you know, realizing, you know, girls would get mad at me or maybe guys would get mad at me. Whatever it was, I realized that I had flaws, you know.
Starting point is 00:09:47 I knew, I knew that I was, and then also failing at comedy. One of the hardest things to do is to go from being really great at something to sucking at something. and that's something that you suck at is now your path. And that's what I found myself in comedy. You know, I could get laughs every now and that, but I knew I wasn't anything special. I knew I was terrible. And there was something exciting about being terrible
Starting point is 00:10:10 because I had potential, because there was potential for growth. If you start doing it, and you're great at it, like, naturally, like maybe I wouldn't have had the motivation to do it as a living for 25 years like I've done. I don't know. But at that time, you know,
Starting point is 00:10:25 making that transition from martial arts competition to being a comedian, that's when I started going down the road of balance and started trying to balance myself as a person. And I started trying to almost educate myself to have more things to talk about on stage. And then along the way, my curiosity started to blossom. And then I started to just be interested in things for being interested in them. And as I got better as a comedian, I became less worried about what other people thought about me and more worried about just improving and keeping, you know, keeping this sort of momentum going. What do you want your life?
Starting point is 00:11:05 It's a very hard question to answer. You're going to have to put some effort into your life. Set up some aims for yourself, goals that you actually value. You need to be motivated to do that. If you're extroverted, you want friends. If you're agreeable, you want an intimate relationship. If you're disagreeable, you want to win competitions. If you're open, you want to engage in creative activity.
Starting point is 00:11:21 If you're high neuroticism, you want security. So now you've got your thing to aim at. I think, well, I'm motivated because I got my thing to aim at. It's like, you're not as motivated as you could be, because you don't yet have your thing to run away from. Because if you really want to be motivated, you want to be going somewhere and you want to be not going somewhere else. You got to aim at something.
Starting point is 00:11:39 Otherwise, your life is meaningless. Well, what should you aim at? Well, pick something. Aim at it. As you move toward it, you'll get wiser. Then maybe your aim will change. That's okay. But at least it'll change in an informed way.
Starting point is 00:11:51 Discipline yourself in one dimension. See what happens. In some sense, life is a way. game. The analogy is that in life, like in sports, you're setting forth an aim and then arranging your perceptions and your actions in pursuit of that. And that you also generally do it while cooperating and competing with other people. That's also the game-like element as well. Okay, so once you get your goal structure set up, you think, okay, if I could have this life, looks like that might be worth living, despite the fact that it's going to be anxiety provoking
Starting point is 00:12:18 and threatening and there's going to be some suffering and loss involved and all of that. The goal is to have a vision for your life such that all things considered, that justifies your effort. Put yourself in the right frame of mind. Treat yourself like you're someone responsible for helping. You're someone that you are responsible for helping. So what that means is you have to start from the presupposition that, despite all your flaws and insufficiencies, that it's worth having you around and that it would be okay if things were better for you. It's like if you want to have everything you could possibly want,
Starting point is 00:12:52 and more than be a good person. The better a person you are, the more likely that is to happen. That doesn't mean that you're completely protected against getting cut off at the knees. But there's no better strategy. I started studying, hey, what do all these successful people have in common? You know, whether it was the mattress dealer, the car dealer, the furniture dealer, or Elon Musk. They spend money, man.
Starting point is 00:13:19 You know, they spend money. They spend a lot of money. and they don't worry about money the way I was worried about it. They used money, you know, they used it. They didn't save it. They didn't hoard money. And the greatest companies on this planet today, the ones that have just like,
Starting point is 00:13:36 some of these companies have lost money for 25 years. Look at Amazon. Reinvest. So when I quit studying individuals and started studying people, everything shifted for me. When I quit trying to be, you know, When I quit worrying about what Bob was doing or Pete or whoever and started saying, hey, man, what is this big company doing? Because that also relieved me of being competitive with this guy, Pete, and started saying, okay, I'm going to go do what Coca-Cola does.
Starting point is 00:14:06 How much is it? Like, I'm going to ask that question, whether it matters or not. It doesn't matter where I get in my life. I don't think I'm ever going to be free of. How much was that? Because when I grew up, you had to know what things cost. Money is a terrifying thing because it's the one thing in life that everybody gets money. It's the one place where everybody gets it, and now what do I do?
Starting point is 00:14:30 I think certainly being focused on something that you're confident will have high value to someone else. Natural human tendency is wishful thinking. So a challenge for entrepreneurs is to say, well, what's the difference between really believing in your ideals and sticking to them? versus pursuing some unrealistic dream that doesn't actually have merit. When you have your non-negotiables, you already get the most important things every day done. But now, according to circumstance, I get the next most important thing,
Starting point is 00:15:03 and I can make decisions like this, because I already know... Successful people are about that. They are good decision makers. They are hyper-resilient. They don't stop at failure. They don't get in their own way from an ego perspective. They're looking nakedly at their own inadequacies.
Starting point is 00:15:18 And they've got to... enough confidence to get people going behind them. The reason why people think wealthy people, people with money are sinister, is because that's what you kind of taught in the hood. Like you kind of taught like the people who really have money, like they did some wicked shit to get it. They did some backstabbing, cut those shit to get it, and you'll never get that. So it's a terrifying concept, like power.
Starting point is 00:15:44 You know, very few of us ever getting kind of influence or power, right? Once you get it, you're like, hey, what do I do with this? People are afraid of not getting validated or they're afraid of judgment that they perceive from other people that exist or don't exist in their lives. A lot of people just underestimate the amount of effort it takes to go from good to great. And so for whatever reason, they have this second voice that criticizes everything they do that in reality isn't even there. I would say 99% of the things that I've learned I've learned through doing. And that's when it just snapped. I just said to myself, wait a minute, I made this with my own hands.
Starting point is 00:16:16 I went and sold this to individuals. Nobody was in my way. I didn't have to get a check from a boss. Nobody told me when or to come to work or go to work. I can't get fired from this because of my color creed or whatever the case is. I'm responsible for what's happening here. And I will either fail because every decision I make, I'll succeed because every decision I make. And that is a really difficult thing to tell you. Can you tell a difference between those two things? Both the people do three things, man. They stop trading time for money. they make their money work for them and they give as much value to people as they can.
Starting point is 00:16:54 One-dimensional players aren't in the league. One-dimensional players ain't in the league. What made Michael Jordan, Michael Jordan, is he can put up 30 and he can shut your butt down. He can play offense, he can play defense. He can play 40 minutes, 48 minutes. If you're not where you want to be financially, if you're not where you want to be emotionally,
Starting point is 00:17:16 If you're not where you want to be physically, relationally, socially, 10 times out of 10, it is because you have settled in a place called convenience. And most of you in this room, your problem is you're one-dimensional and you're trying to hang your hat on that.
Starting point is 00:17:34 So what? I'm the number one motivational speaker in the world. Am I the number one father in the world? My kids don't care nothing about you too. My wife don't care nothing about you too. So what? You're the number one motivation. motivational speaker, are you the number one husband? When you come home, cut all that foolishness off
Starting point is 00:17:51 and give me me me. And you all conferences, do me a favor. You want CJ talk and when you get in the garage, you close the garage and when you come in the house, you take ET to hip hop preacher off. I want Eric. I marry Eric. I didn't marry ET to hip hop preacher. If you continue to believe that your best work is behind you, then you will never achieve what is ahead of you. So real quick, what you know, what you got to let go of? Write it down. Right now, let's not play. There's an anointment in this place. What do you need to let go of so you can become one percent? Wealth is a mindset. It's not a dollar amount. No catch that. Wealth is a mindset is not a dollar amount.
Starting point is 00:18:34 The wealthy do what the poor won't do. The problem with many of you is that you got full. You got complacent. You got lazy somewhere along the line. You lost your enthusiasm. Your optimism. He lost your hunger. So we're going to talk about the wealthy in a minute. I want you to write it all down. I told you I wake up at 3 o'clock in the morning. I am willing to do what others are not willing to do so I can live like others would never live.
Starting point is 00:19:07 Somebody say you get up at 3 o'clock in the morning. Why wouldn't I? Why wouldn't I get up at 3 o'clock? Our ancestors were getting up at 3 or 4 picking cotton. Oh, you thought they was getting up at 9. You thought they was like picking up. God today? We're going to start at 9.
Starting point is 00:19:25 We're going to start at 9. Just let the sun come up. And once the sun comes up, oh, you're sick? Oh, you get a sick day. If you want your future, then you are going to have to get acquainted with pain,
Starting point is 00:19:43 with discomfort, with inconvenience. Because hunger is the only thing that's going to give you the power to persevere through that pain. This was crazy. I in the 1800s I had to have a certain work ethic just to survive and you have the opportunity to become multi-millionaires billionaires and your work ethic is
Starting point is 00:20:08 worse than the people who have was forced to work people who are people talking I'm a boss you're not a boss you can't even make yourself get up you got a teacher to I'm a boss but you get up at 839 o'clock bosses are up watching the 3 o'clock news some of you didn't even know the news came on at 3 o'clock Because you watched the 6 o'clock news. You thought it was, that's what the first one. The first news is at 3 a.m. That's the one Warren Buffett on.
Starting point is 00:20:37 No, you're saying Warren Buffett is Warren Buffett because he's a white male. Warren Buffett is Warren Buffett because of where he grew up. Warren Buffett is Warren Buffett because of where he grew up. Warren Buffett is Warren Buffett because what he does, he reads six hours a day every day. That's 42 doggone hours a week. So when Warren Buffett makes a decision, he makes a very wise decision. Why? Because he's making it off of 42 hours of reading. You hadn't read none. You watch, you're making decisions off the housewives of Atlanta.
Starting point is 00:21:13 Warren Buffett is binging on, I was in the room with Warren Buffett. He said he was reading the financial report of GM in 1956. Why? Because that was their best year. He's binging on GM's financial records from 1956 and you binging on power. But now you're saying, hey, racist. They ain't racist when you watch. I don't care if you got to listen to me a thousand times I need you to get crystal clear about your future Because the only reason why you are here The only reason why you're alive is because you have work to do Come on talk back to me you are not a boss because you got all day to do whatever you want to do
Starting point is 00:21:55 And the most you can do is go to work for somebody that you don't like and you don't care for and Doog them out and complain about them when they're giving you a check They guaranteeing you a check They're making sure you got health care and you're dogging them out. If you don't like what they're doing, why are you still there? Go get your own job. They weren't the only ones that was blessed and that was fruitful and that could multiply and that could subdue the earth and have dominion.
Starting point is 00:22:27 They're not the only ones. You can do it too. But your problem is you're not a one-percenter because you don't live like a one-percenter. If you want generational cycles broken in your family, if you want to be the first to achieve, the first to get it done, the first to see it, the first to do it, you must stay hungry. I see, when we get into the prison of fear, because we have fallen in an area, fear has friends. One of the chief friends of fear is doubt. and doubt kills more dreams than failure ever will. There are people who have failed in their head
Starting point is 00:23:09 before they even reach the field. So I want to invite you to renounce the spirit of fear. Failure is the only opportunity to begin again. And if I'm talking to anybody that's hungry for the future, all you need is an opportunity to try again. Failing doesn't make you a failure. It's something you did. It's not who you are.
Starting point is 00:23:39 And so one thing we are going to have to get a crystal clear belt is that if I failed, then I can win. I'm talking to that football team. I'm talking to that baseball team, that basketball team. I'm talking to that fighter. I'm talking to that track star. I'm talking to that athlete. I'm talking to that student. I'm talking to the person who failed the exam over and over and over again.
Starting point is 00:24:02 Again, I'm talking to that individual who feels as though all hope is lost, who feels as though they gave it their all. If you are still alive, you've got something left. Thomas Edison, he was fired from his first two jobs. His teachers coined him. Stupid. That he couldn't learn anything. This is the man who invented the light bulb the first thousand times he failed. But he was never a failure.
Starting point is 00:24:35 He just found a thousand ways that don't work. You're no time instead of it. You didn't try a thousand times. Try a thousand times. And then come talk to me and tell me you're not enough. Tell me you don't have what it takes. Tell me you're stupid. Tell me you're dumb.
Starting point is 00:24:52 Tell me you're slow. Tell me you don't have enough. Whatever pushed you to the ground, whatever knocked you to the floor, from that place I want you to look it in the eye and tell it tell that person tell that circumstance
Starting point is 00:25:15 tell that place tell whatever it is that knocked you to the floor you can't keep me here if you're going to understand the program of resiliency we are going to have to stop running from difficult times stop praying that the storm will pass over you and pray to grow
Starting point is 00:25:36 through the storm. Stop going around it, go through it. What you go through, you will grow through. Some fights are not won in the first round. Flat out, in the moment that you get that and you get crystal clear, and you accept the fact that there are some giants that you will not defeat in the first round. You need endurance. You need stamina to reach some goals. You're not going to hit the million with the first investment. You're not going to hit the home run always at first week. But resiliency says, I belong here, and I deserve another shot. I want my opportunity. Give me my opportunity.
Starting point is 00:26:23 People are afraid of not getting validated or they're afraid of judgment that they perceive from other people that exist or don't exist in their lives. A lot of people just underestimate the amount of effort it takes to go from good to great. And so for whatever reason, they have this self- second voice that criticizes everything they do that in reality isn't even there. I would say 99% of the things that I've learned I've learned they're doing. Most people had a graveyard of failures before they had their actual first success with 20 hours of focused effort, most people can be pretty decent at something.
Starting point is 00:26:55 But most people spend years waiting to do the first hour. I think the things that were withheld from us are the things that usually we seek the most. Competitors don't put you out of business, but you obsessing over competitors does. The idea that my future self would trade all the money he had to be poor in 20 again made me really reanalyze how I saw living life in the moment. How many successful guys have daddy issues? So many. And so it's like, okay, well, I didn't get his respect, so I'm going to have to compensate
Starting point is 00:27:25 with my circumstances, with my environment, so that everyone respects me. And some people do that through fear, some people do that for violence, some people do that through success. It really just depends what vehicle you choose. I feel like the deep need is that. the same. I think a lot of my definitions have been defined by my actions. I am the person who has done these things and I will do things that will get me closer to the things that I want to achieve. A lot of my definition of self has always been based on evidence. I think it was harder for me
Starting point is 00:27:50 in the beginning because I didn't have evidence to support what I hope to be true about myself, which at the time wasn't. If I can just decrease the action threshold for people to begin and be okay with the fact that they're going to suck and it is okay to suck, you should expect to suck. And it would be unreasonable for you to be good if you haven't done it before. And so it's like, are you asking the universe to be unreasonable for you by expecting to be good on your first try? And so I think that if we can shift the time rising that we think in, then we gain more leverage over our time, which we then know we will compound into money. Because I think if you can master the time, you master the money. What did you learn about the habits of the rich?
Starting point is 00:28:27 I haven't learned much about the habits of the rich at all, to be very candid with you. I think that maybe there are some beliefs that, because like my dad was a doctor, I wouldn't say he was like, you know, ultra wealthy, but like we lived in upper middle class, you know, lifestyle. But in terms of like wealth as I think you and I would probably understand it, I didn't know anything about that. And I don't think I've ever really studied it very much. I would say that my heroes now, like I started studying wealth after I became wealthy. So like- What did you learn about it afterwards? And what do wealthy people do that you think poor people don't do?
Starting point is 00:28:56 They pick higher leverage opportunities in a sentence. So like rich dad, poor dad, poor dad says get a job. poor dad says get a higher paying job. And the thing is there's so many innate beliefs that seem commonplace. Like, well, of course. You know what I mean? Like, well, of course, you know, you buy some real estate. You know, it'll appreciate over time.
Starting point is 00:29:14 Of course you invest in some stocks. Like, yeah, of course. Poor dad just don't say that. And so you have to like learn that, I think. And I didn't. So I'm grateful in that I didn't have to learn that because I heard. That just was, of course, yeah. Once you have some money, like, of course you don't spend your whole income.
Starting point is 00:29:28 Of course you don't. And so there's a lot of, of course you don't. that I think I inherited just by being a saving father. But there's also some upper middle class people who don't save anything. But I think my dad did a lot of, I think he helped a lot with money hygiene. I've had a lot of really good money hygiene from my dad. The big breakthrough that I had for me was when I stopped focusing on, and this is going to sound backwards.
Starting point is 00:29:48 But when I started my gyms, I was all about building the business, right? And when I built the biggest companies that I've had and now recently sold and now we have our portfolio, it was about how do we make the most money? And I know that sounds completely backwards, but the only way that you can make the most money is to provide an exceptional valued service and charge a ton of money for it. And because I optimized around making money, I started going for low capital expense businesses because I had lost everything after that five-year stint. And so I was like, never again am I going to reinvest every dollar from the business back into the business because I've lost it before. So when I started the next business and every business I've had, they're out.
Starting point is 00:30:31 after, like, we take dividends every month. And we do that because- You don't wait till there's an exit 10 years later. I mean, put all your money in. I'd love to do both. Yeah, yeah. Why not both? Sure. Right? And so that was-
Starting point is 00:30:40 Take a dividend and get a bigger. Of course. Yeah. But not just put money in and wait and get no money back. 100%. And the thing is, and this was a fallacy I had, because people always talk about like reinvesting in their business, but I realized that that just meant
Starting point is 00:30:52 that they weren't making profit. And so the vast majority of businesses, even the software world is somewhat shifting in this, but they want to see And then even better is if you have net free cash flow, which is just a fancy word for the amount of money that you can take out every month after Making necessary investments in the business and so I wanted to have businesses that pumped cash flow Because I lost it all before if people were able to not ask for 12 months and just serve and Don't be wrong. I'm all about making money like by all means go get your back
Starting point is 00:31:23 But I think that what it does is it ends up freeing you to then make your real Impact because then you can start the whatever the next thing and hopefully your first thing thing is that thing. But realistically, it probably isn't. And all I have to do is look at every entrepreneur that's really wealthy, the amount of graveyard businesses they have in their back. Right. And so, like, right now, if you're listening and you're like, I'm not sure if this is the perfect business idea, let me just save you the time. It's not because look at every other person who has been ultra successful, they have 10 failed business ideas. So just like, just start. So you can just start notching off the bad businesses, right? But extending the time horizon, I think only happens if you do
Starting point is 00:31:56 shift the intention through it you're building it. Or you're just unbelievably, self-discipline, but I think it's easier to just like start at it with the right heart. Because a small tangent, but I think it'll be worth it, is that the reason that most people aren't successful, in my opinion, is that they sacrifice global benefit for local benefit. And that happens in all areas of life. You eat the piece of cake because you have an acute local benefit versus the global benefit of a six-pack that lasts for a very long time or better health, et cetera. The three things that I think were in common of the ultra-successful were inflated sense of self,
Starting point is 00:32:28 as in they thought that they like, they deserve big things, they want to. wanted to go after big things, inferiority, never being good enough, and impulse control. Those are the three factors of the most successful. They're like when they did a common factors analysis. These people think they believe that they can achieve all this amazing stuff and then it's just, it's an amazing paradox because at the same time they think they're not good enough and they're insecure about whether they can achieve it. And they have impulse control and they just they and they stay focused on the thing. And I'd say the biggest breakthroughs that I've had, I think that will
Starting point is 00:32:59 create a lot of the wealth that we will have in the future is is really a deep understanding of how long long is and shooting with the intention of like I'm only bringing this up because my YouTube guy said it he's like I've never had somebody who actually started that I was like we'll see what we do in five years I was like we'll measure that and he was like no one has literally ever said that to me I was like as long as I see progress I'm good because I want's results in like two months yeah yeah like if we're making if we're going this way I'm cool I don't need to say like That's good enough for most people if they could extend the time rise. Because like, I'll give you another hack.
Starting point is 00:33:34 You can know how wealthy someone is based on the time horizons they speak in. So if someone's talking about how they're trying to make, you know, make money this today. Hey, let me hold 20 for today. You know how, you know how poor they are. I have to say poor. Like you know how poor they are, right? If someone's talking about what they're going to make this week or this month or this quarter or this year or this decade, How how different the people are who are talking in those time horizons.
Starting point is 00:34:00 And so I think that if we can shift the time horizon that we think in, then we gain more leverage over our time, which we then know we will compound into money. Because I think if you can master the time, you master the money. If somebody is starting from scratch, what are the traits, skill sets that they should be cultivating in order to up the odds of their success? They should focus on one thing in general rather than lots of different things that you're not sure about. because if you're starting out, everything looks like an opportunity. So the correct answer is all of them are opportunities. But all of them won't work unless you pick one, right? So you have to see no to all the other mistresses.
Starting point is 00:34:34 So boom, you pick one. And then from there, I always say six figures is sell something to someone. That's it. And if you want more detail, sell something to someone. So it's one avatar, one product, one channel. So you don't have to figure out, how do I create 20 pieces of content across it? It's like just pick one channel, one media source, whether it's Facebook, Instagram, YouTube, you know, whatever, Twitter.
Starting point is 00:34:54 consistently start going on that, whether that's cold outbound, whether that's content, whether it's running paid ads, whether it's affiliates, word of mouth, whatever it is, and start reaching out to people there to start selling your stuff. And so I use something that I call the Rule 100, which is 100 primary actions, whether it's 100 minutes of content creation per day, 100, reachouts per day, $100 of ad spend per day, like, you have to pick one of them, but 100 per day, and you do that for 100 days, and I promise you'll have, you'll be making $6. figures if you do that. People are afraid of not getting validated or they're afraid of judgment
Starting point is 00:35:30 that they perceive from other people that exist or don't exist in their lives. And so for whatever reason, they have this second voice that criticizes everything they do that in reality isn't even there, but it's constantly present. It's like the antithesis of whatever the God figure is, but just the negative voice. And so I think that's the thing that stops most people from doing the stuff they know they need to do. Because if you think about like whether it's want to get in shape or I want to have a better marriage or I want to make more money. Most people on some level, at a basic level, they know what to do. And my proof point of like even making money, right, most of us have had a bill that came up that was unexpected, a tax bill, a car breaks down, a health thing,
Starting point is 00:36:06 whatever it is, and we find a way. And so when it's for someone else, people are with use the actual resourcefulness that they have to make the money. But for whatever reason, they won't use that same resourcefulness to make it for themselves. And so I think that most people know if they want to work out, sorry, to get in shape or to lose. weight, whatever, they know they need to eat fewer donuts and move more in general. But they don't, right? Because they're afraid of getting started or they don't have the discipline to keep going, which is they can't make the short-term sacrifice for the long-term achievement. So big picture, it's like there's usually some fear that's preventing from doing it. And then how it looks from a
Starting point is 00:36:39 behavioral standpoint is they do not make the short-term sacrifice of discomfort for the long-term achievement. And had various nicknames for me. He'd call me fireball sometimes because I'd start little businesses. He didn't care about money at all. He believed very much and having an inner scorecard, and I never worry about what other people are thinking about you. You know, just if you know why you're doing what you're doing, that's good enough. When I want to do something, I always want to do it big.
Starting point is 00:37:18 I've said many times that 65 or 70, and the people that you want to have love you actually do love you, you're a success. Some people should not own stocks at all because they just get too upset with price fluctuation. If you're going to do dumb things because your stock goes down, you shouldn't own a stock at all. The first books I read on investment were actually in my dad's office.
Starting point is 00:37:40 I just read and read and read. I probably read five to six hours a day. I mean, I figured out very early, you don't have to be that smart of this business, which is fortunate. But you do have to have the right temperament. The best gift I was ever given was to have a father that I had when I was born. Known as the Oracle of Omaha, the 91-year-old Warren Buffett is one of the most successful investors of all time. He went from buying his first stock at age 11 to running Berkshire Hathaway, a multinational holding company with total assets nearing $1 trillion. Often appearing on lists alongside Bill Gates and Elon Musk, his current net worth is $105 billion, placing him as the seventh richest person in the world. Despite such enormous wealth, he maintains a simple lifestyle.
Starting point is 00:38:24 He lives in the same home that he bought back in 1958 for $31,500. He makes his daily commute in his 2014 Cadillac XTS, often stopping by McDonald's for breakfast before heading into the office. So for someone with such a simple routine and more money than he could possibly spend, what makes him happy? I would have to be honestly say that what makes me happiest is what I'm doing what I'm doing. I know I'll win overtime. That doesn't mean I'll beat everybody else or anything like that. But I mean, the game is very, very, very easy if you have the right lessons in your mind about what you're buying. I'm not buying stocks.
Starting point is 00:39:06 I'm like, this is overwhelmingly American business. And I'm happy when that's happy and when that's when I'm doing it. I'm happy when stocks are going down. I'm happier when stocks are going down because I can buy more of them with the same amount of money. I'd be happy if I was a farmer. I want farmland to go down so I could buy more acreage. You know, if I was, it just makes sense. The best boat you can have is your own talent.
Starting point is 00:39:35 You know, I mean, they can't take it away from you. They inflation can't take it from you and taxes can't take it from you. So I, when I talk to students, I see these students and I tell them, you know, you're a million-dollar asset. I would pay you $100,000 of the MBAs for 10% of the earnings for the rest of your life. So that makes you a million-dollar asset. Now, if you can do something and increase that value, 50%, if you can learn to communicate better verbally or in written form, and you become 50% more, that's $500,000 just by improving yourself. I mean, nobody can take that away from you. And so I urge everybody, you know, and I talk to them in high school about this and colleges, just develop the habits.
Starting point is 00:40:18 You've got the brain power, you've got the energy, but develop the habits of success. and look around you at the people that you admire, you know, and list what makes you admire them compared to somebody else that looks equally strong or equally talented. And those are things that you can do. I mean, just write them down. And, you know, people like people that are, they like them, if they're humorous, if they're friendly,
Starting point is 00:40:42 if they're, if they give credit to the other fellow. I mean, and they don't like them if they're stingy, you know, or they overstate and overpromise and all those sort of things. Well, that's the decision you make. So I encourage everybody to build your own mode around yourself. Accumulating such a large net worth doesn't happen if you're average at what you do. Clearly, Warren Buffett is at the top of the investing game. Here's some of his best investing advice.
Starting point is 00:41:09 All you have to do is just buy a cross-section of America and they never listen to people like me or read the papers or do anything subsequently. They think that because you can trade, you should trade. You buy a farm, you buy an apartment house, you can't resell it tomorrow. And, you know, the cost of moving around. Now you get something handed to your liquidity, you know, which is instant. You can sell and the cost of doing it or pennies, you know, compared to other kinds of investment activity.
Starting point is 00:41:38 So because they can so easily move around, they do move around. And moving around is not smarter than investing. By far the best investment you can make is in yourself. I mean, for example, communication skills. I tell those students that come, they're going to graduate schools and business, and they're learning all these complicated formulas, all that. If they just learn to communicate better, both in writing and in person, they increase their value at least 50%.
Starting point is 00:42:05 I mean, if you can't communicate somebody who says, you know, it's like winking at a girl in the dark, nothing happens, you know, basically. And you have to be able to get poor with your ideas. And that's relatively easy. I did it myself. It's just hugely important. And if you invest in yourself nobody can take it away from it. Well, I've advised as the most important thing It's really who you associate with you want to associate with people that are better than you are I mean basically you'll go in the direction of the people that you associate with and and you want to have the right heroes You want people if you want to emulate somebody you better pick very
Starting point is 00:42:47 carefully who you want to emulate and obviously you can't pick your parents they're going to have an enormous influence on you but you don't get a choice on that but you get choices as you go down the line and you who you admire who you who you want to copy and the most important for most people in terms of that decision is their spouse it's also important in terms of a partner in business but the partner in life is is the most important you want to pick a spouse that's little that'll better than you are. And then he or she and you hope they don't figure it out too fast.
Starting point is 00:43:25 I'll leave you with this metaphor Warren uses to encourage everyone to take care of themselves. I was in high school. Almost a third as long as the country has been around. And when I was in high school, I really only had two things on my mind. Girls and cars. And I wasn't doing very well with girls, so we'll talk about cars. Let's just imagine that when we finish, I'm going to let each one of you pick out the car of your choice. Sounds good, doesn't it? Pick it out any color, you name it. It'll be tied up with a bowl, and it'll be at your house tomorrow.
Starting point is 00:44:06 And you say, well, what's the catch? And the catch is that it's the only car you're going to get in your lifetime. Now, what are you going to do? knowing that that's the only car you're ever going to have and you love that car. You're going to take care of it like you cannot believe. Now what I'd like to suggest, you're not going to get only one car in your lifetime, but you're going to get one body and one mind, and that's all you're going to get. And that body and mind feels terrific now, but it has to last you a lifetime.
Starting point is 00:44:42 You get exactly one mind or one and one body in this world. And you can't start taking care of it when you're 50. By that time, you'll have rusted out if you haven't done anything. So you should really make sure that you just remember that you just got one mind-minded body to get through life with them to do the most with it.

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