The School of Greatness - How To SHIFT Your FREQUENCY From Lack To ABUNDANCE & ATTRACT WEALTH (This Will FREE You!)
Episode Date: July 17, 2024Have you saved your seats at Summit of Greatness 2024 yet?! Get them before they sell out at lewishowes.com/ticketsI'm excited to sit down with Dan Martell, a renowned entrepreneur and author. We dive... deep into the core principles of building wealth and optimizing time. Dan shares powerful insights from his new book, highlighting the importance of understanding the value of time and how to reclaim it effectively.We discuss common mistakes that entrepreneurs often make, such as overloading their schedules and failing to delegate effectively. Dan introduces the "buyback loop," a fantastic framework designed to help you audit your time, transfer tasks, and continuously develop your skills to increase your value.This episode is packed with actionable advice on achieving greater efficiency, productivity, and ultimately, leading a more fulfilling life. Don't miss it!Buy his new book for yourself and a friend – Buy Back Your Time: Get Unstuck, Reclaim Your Freedom, and Build Your EmpireIn this episode you will learnThe three keys to building sustainable wealth.How to perform a time and energy audit to identify inefficiencies.The "buyback loop" framework to reclaim time and optimize productivity.The importance of shifting your money mindset and overcoming limiting beliefs.Strategies for becoming more valuable and increasing your worth in the market.For more information go to www.lewishowes.com/1642For more Greatness text PODCAST to +1 (614) 350-3960More SOG episodes we think you’ll love:Rob Dial – https://link.chtbl.com/1516-podAli Abdaal – https://link.chtbl.com/1158-pod
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Hey everyone, this is Lewis Howes and I am so excited to invite you to the Summit of Greatness
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and connect you with a community of other inspiring achievers. Join us Friday, September 13th and
Saturday, September 14th for two days packed with inspiration and
transformation from some of the most incredible speakers on the planet. Don't miss out on this
chance to elevate your life, unlock your potential, and be part of something truly special. Make sure
to get your tickets right now and step into greatness with us at the Summit of Greatness
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If you became the person who could become rich, when you say what should they do first,
it's they got to focus on the abundances all around them.
Because your frequency, your energy is what you frequently see.
Dan Martell.
Dan is the author of the Wall Street Journal bestselling book.
Buy Back Your Time has taken the world by storm.
Dan has founded,
scaled, and successfully exited three technology companies. I'm Dan Martelli.
I don't think we create success. We attract success.
Why is it people that seem to work extremely hard don't make that much money?
Because they're not working on the right things. They're working hard on the work. They're not
working hard on themselves. When I think wealth, i think time and just the freedom and when we think about the value of the time it's not how much you get paid for
your hour it's what do you think you're worth so i learned a long time ago is nobody's gonna get
paid a penny more than they think they're worth what's negative beliefs that keeps people broke
the rich people are evil i think a lot of people that think well if i was rich i would just hang
out on the beach and do nothing, drink Mai Tais.
The reason why you'll never be rich is because.
How does someone identify what their current money story is from their past?
And then how do you rewrite your money story to create more abundance versus scarcity?
So good.
It's a great question.
I've never told anybody this.
Welcome back, everyone, to the School of Greatness.
Very excited about our guest. We have the inspiring
Dan Martell in the house.
My man. Good to see you, brother.
It's an honor. We have known each other for
15 years.
We're here in my home studio in
Los Angeles in the basement. I'm still trying
to figure out what this is going to be called.
The basement of greatness or something? The downstairs studio.
The downstairs studio. Just trying to figure out what this is going to be called. The basement of greatness or something. The downstairs studio. The downstairs studio.
You know, just trying to upgrade our life in the downstairs studio.
No, let's see.
I think greatness something sounds better.
Greatness basement.
Greatness something.
Something.
We're not there yet.
We'll figure it out.
It'll come to us.
Yeah.
But I've seen you evolve over the last 15 years as an entrepreneur, as a leader, as a father, as a husband.
And transform in so many different ways.
And a lot of people know you for the SaaS stuff that you do. But your newest book,
which is all about buying back your time, has really helped people rethink what it means to
be a human being in life and how not just towards entrepreneurship or as a freelancer or in business, but also anyone in a career, how they can reimagine their life to optimize their life with time.
And the first thing I want to dive into, because you coach and work with a lot of nine-figure entrepreneurs.
And my community, I think people that are coming to this are really going to want to understand about the three principles of building wealth first before we get into time.
So I'm curious with all the people you coach and work with, what are the three keys that they all have in order to build wealth sustainably and exponentially?
What would you say those three things are?
Yeah, I mean, the first thing I'd say is most entrepreneurs, unfortunately, because they've never been taught
different, end up building companies they grow to hate.
Think about that.
It's not the economy that takes a business down or an entrepreneur.
It's usually the fact that they wake up one day and they look around and they hit what
I call the pain line, which is essentially they have opportunity to grow, but the more
they grow, the more pain they're going to feel.
So what is the thing they have the most pain around? Is more they grow, the more pain they're going to feel.
What is the thing they have the most pain around?
Is it their team?
Is it their customers?
The clients?
Is it the industry they're in?
It's the calendar.
It's their schedule.
Yeah, and it's maybe the way they hired where they don't have the right people or the thing they're selling is too complicated.
And the more they do, the more their calendar explodes. So imagine you get an email where you could double your capacity, double your revenue, and you can't take that business on because that would mean more pain in your life. And you're already trying to get more time for the weekends for your kids
or whatever it is. I mean, it's tough. And you're exhausted. You're burnt out. And it's not the
dream that you were sold. You sold yourself a vision of a future where the bigger this gets,
the more time you're going to have and the more freedom. And unfortunately, if you're not taught to do it properly, that's what ends up happening.
That's what happened to me. The three things that I would say that people who've created wealth and
when I think wealth, I think of like time and just like the freedom is first off is they understand
the value of their time. So, and when we think about the value of the time, it's not how much you get paid for your hour,
it's what do you think you're worth?
So I learned a long time ago
is nobody's gonna get paid a penny more
than they think they're worth.
So if you don't-
So wait, what's the difference
between how much you get paid per hour
versus how much you're worth?
I think there's one that materializes in the minute.
How much did somebody just pay me for what I just offered? And there's, what do you think you're worth? What's your value? But some people might
say, well, I'm worth a thousand dollars an hour, but they're not getting paid that. And you could,
is that delusional to think, oh, I'm worth this, but if the market's not willing to pay it,
are you worth it? Dude, it's such a good question. Here's why it's a great question is because there
has to be a belief you're worth more
than what you're currently getting paid.
So you make better trades.
See, if you think you're worth a thousand, but you're only getting paid a hundred, then
you're going to start thinking about your time differently, where you'll say no to things
that don't even look remotely close to 200, maybe a $300 an hour opportunity.
Or you might decide to spend some money.
See, most people spend time to save
money. I encourage them to spend money to save time. Yes. This is kind of how I grew up. This
is what people do. It's like, we're cutting coupons, we're going to discount, we're waiting
in line for an hour to save money. Whatever it might be, it's like you wait or you spend time
to try to save money. But why is that the wrong way to look at it?
Because if we're talking about creating wealth, the only ways we can create wealth is by making that hour worth more. And this is what's interesting is, is the, so the first part is
worthiness, but the second part is increasing your value. So if you think you're worth a thousand,
but you're only charging a hundred or people aren't willing to pay you more than that,
then you can say, well, how can I become more valuable? For me, the three areas I always look at
is the character traits that I have, right?
Like you're not valuable if you're not somebody
that can deliver on the commitments you've made.
Right.
And so then are you worthy if you're not valuable?
Exactly.
So I think that you have to start
with the belief you're worthy,
but then you got to back it up by action.
And by creating value.
Creating that value.
What, developing skills.
Yeah, so it's character traits first off, right?
Like just being somebody that shows up that honors their word, right?
Be impeccable with your language.
Second would be skills.
Like what skill do you currently have that's creating value?
And is there a way to upgrade that skill, right?
Marketing, sales, et cetera.
And then the third part, I think, is belief systems, right?
So what are the belief systems that keep people
bankrupt or broke? I always look at two things. Whatever the, let's say the goal is becoming rich.
There's two parts of this. There's the negative, there's this limiting beliefs you have about
yourself about being rich. And then there's the negative beliefs you have about the achievement.
So both of those
are in the mind. So think about like limiting beliefs is like, well, I can't do this. I've
never done this before. And I know the person has this belief. If I hear the language and you,
and you know, I'm talking about this language, like could, should it be nice?
All right. One, two. Yeah. Yeah. That language has the expectation of failure built into it.
So, so that's the, the, the limitation beliefs. And then on the other
side of the coin of the outcome is the negative beliefs. So what's the negative beliefs that
keeps people broke? The rich people are evil. There's no chance you're going to wake up to
try to be rich if you believe rich people are evil, or rich people don't pay taxes,
or rich people took advantage of somebody, or rich people are unhappy.
Because if you believe rich people are evil, you don't want to become that belief of evil.
If I held a knife to your throat and said, step forward, you'd be like, well, I don't
want to step forward because I'll hurt myself.
It's like, yeah.
So you'll never push for the goal if you think the outcome is negative.
So until we work through those beliefs, I've seen that's what I call self-sabotage.
The biggest work I do with entrepreneurs is understanding
what are the unconscious beliefs they have that are literally self-sabotaging their progress to
winning. What are the beliefs that most people have around money that are holding them back then?
Is it that money's bad or people with money are takers or what is it?
Yeah, I think it's anything negative., I mean, I know I had money
beliefs around, I used to, I had this crazy belief that everybody had to go bankrupt.
That everyone had to, in order to be successful. Really? It was this weird belief that I read
Donald Trump's book and I read a bunch of other people's books. And when you look at the history,
they all talk about like, you know, if you're really trying, you're taking risks and at some
point you'll probably go bankrupt. So get used to it. So like, well, if I have that belief,
how hard am I going to push to try to be successful if I've got a young family and
I'm trying not to create pain in their life? Yes. So that one kept me playing small for a long time.
Yeah. The other belief is, you know, what will other people in my family say?
If I have money? Oh my gosh gosh do you ever feel guilty about the money
you have i i felt so guilty lewis you've known me for a long time i didn't tell anybody i had money
i was quiet about it i didn't allow myself to buy anything nice until i was 30 i made my first
million at 27 multi-millionaire at 28 and it wasn't until i was 36 i allowed myself to buy
a mclaren dude it's so funny isn't that crazy well somebody says because I still don't really buy myself
anything I mean I bought a nice home I bought it yeah you bought a beautiful I'm buying like
you know I'm not buying things to like show off that I have money though like I don't showcase
my home I'm not like taking photos of it and posting it online and like look at me uh my friend got me a rolex for my 40th birthday last year i think i've worn it like seven times
because part of me is still kind of like should i be wearing this talk to me about that you know
it's well part of it is not my style yeah you know i don't that's fair you know part of it's
like i just wear the same black thing just like you're wearing a black t-shirt. Exactly. So that's part of it. The other part of it is, I don't want to reject money coming my way by not wearing it, but it's also
how are people going to, are they going to judge me or they don't want more from me? Are they going
to be thinking I should be doing more? It's just like, do you also, do I want to attract some type of judgment that is unnecessary? I don't know.
It's kind of a lot of that. Well, and that is it. So you said a few things that I just want to kind
of pull up to the surface is one of them is I'm worried if they expect me to do more. A lot of
people don't want to call their shot or live a bigger life because then that becomes the new
floor they got to live into. So that's a fascinating one a fascinating one it's like well i don't want to create wealth because then i have
to maintain that and if i lose and people will visually publicly see me rise and fall yeah that
holds a lot of people back i'm not afraid of the rise and fall because i'm being the bottom but
it's the it's the around yes 100 and and um like for me it was what would my family say like oh you're too cool for us
now why did you get that kind of car i remember dude i got the car especially canadian oh yeah
you guys it was the only mclaren in the province i lived in and they used to have to go to montreal
to get service wow and i remember the first time i had it for almost two weeks i didn't want
anybody to know it was in the garage i was i was i wasn't even sure how it was gonna like
like be with it that was really weird and i remember the first time i wanted to go to the gym and drive it
with my wife we went and worked out every day you know renee and she wouldn't come with me
she took her car why she didn't want to have to deal with what people were going to say
interesting so it's fascinating that like when people just kind of try on these these ideas
like what would it mean to say even
a lot of my clients i say can you say i am ultra rich they can't say it nope why not i mean they
everybody's got a personal story but what does that mean why does saying the word ultra rich
scare you frustrate you like you're the judgment what What is it? What is it? What does it mean to you?
It's just words. What are most ultra rich, rich people say around why they can't own that they're
uber wealthy by speaking about it? I think there's a part of it that is, if I acknowledge it,
then I'm different than other people. And they don't want anybody to think that they think
they're better. Really? Yeah. I mean, I'm that way, man. I don't want anybody to think that because i drive a certain car or fly around in my jet that i think i'm
better than you because that's and you're the same way like we don't yeah right i don't the reason i
don't wear watches because i don't like it to get in the way i appreciate beautiful things in design
yes but yeah i'm definitely when i first got the mclaren i was worried that people would treat me
different and guess what they did they do they look at you differently dude is it a good thing it was awesome
i mean i showed up i went and did a talk at a rehab center i'll tell you why so i pull up to go
i do a lot of work with troubled youth and every kid immediately the the like they want to know
what i have to say whereas before i'd show up in whatever car and then they'd be like, who is this guy? Isn't that fascinating? So, you know, perception is reality, but yeah, people do treat
you different. And sometimes if you are comfortable with it, you can use that to fast track conversations.
And if you're not okay with it, then it can be a source of a lot of pain. And I think that's,
that's the mindset. Who are the wealthiest people that you know,
that you respect based on how they live their life? And what are the things that they do that
you respect the most about them? Yeah, I'm going to say Gary Vee for sure.
I just interviewed him yesterday. Yeah. I mean, Gary-
What are the characteristics about the wealthy like Gary that you respect?
That he uses his money to create and to help other people.
And I would aspire to always be that.
And that's what it is.
And I think that if you truly,
it's like when people say,
well, I don't need to be rich.
And I'm like, cool, why don't you become rich?
And then if you want to do good with it, then you can.
Like, why wouldn't you accumulate the resources?
If you think somebody else, the government,
this other entrepreneur, this CEO,
isn't going to do right by having that money, go get it. And once you got it, decide
what you want to do with it. Right. That's the way I think about it. So when I watch Gary, you know,
create his empire and then reinvest it into content and helping other people and running
these big events and building companies, inspire entrepreneurship and help, and really like help other people around them become wealthy. I mean, we've seen Gary over
the years make concessions for his career for other people. I mean, dude, even the fact that
he helped build his dad's wine shop, like no, like most people don't know this. He built it to 60
million. He owned none of it and was paying himself maybe a hundred K a year. Dude, I don't
pay my CEOs a hundred K a year if they're generating 60 million a year. That's not how
the math works. So, um, he inspires me just the way he shows up. I think, uh, you know,
Alex and Layla Hermosi friends of ours, like they, they do the same thing. They're,
they're very much like, how do I use this to create more? How do I buy back my time?
Like, cause I really think it's about an experience and a leverage thing. they're very much like how do i use this to create more how do i buy back my time like because i
really think it's about an experience and a leverage thing like wealth should be an opportunity
to live a full a more fully developed life right like i think the word empire subtitle my book
i believe in empire is a life of unlimited creation you never have to retire from
and i think everybody should want to aspire to do that. Just be a creator. That's why I talk
a lot about artists and creators in the book. The book's really meant for people that are starting
off because I don't want them to get the wrong headspace for what it means to be successful.
And I try to teach them how to value their time, the math behind it, the value of it,
the worthiness, and then allow yourself to,
if you have a desire to drive a supercar, don't tame it. If you have a desire to own a jet,
don't tame it. There's nothing wrong with that. Live in a beautiful home. I think the number one
thing you could ever do for somebody else is inspire them to live a bigger life and you don't inspire people by playing small
and to add to that though
what is the difference between inspiring people and showing off it's the intent think about it
money is an amplifier that's it it's not good or bad it's like a fork a fork can be used to hurt
somebody it could be used to nourish somebody it's a tool that's it so some people buy the rolex because they're trying to fill a hole that says i'm not
enough maybe this will make me feel worthy of that affection other people get it because they
understand the history and from a engineering point of view and a story maybe their grandfather
had one they want to wear it as a reminder of that
or and it could be like this is the cool part is that it's not necessarily the thing it's the story
behind the thing it's not fun like that's why i help people kind of rewrite their money stories
because then if we if we say okay like i had a client he was worth like you know 50 million
and he couldn't bring himself to he had he had a car he wanted to get i think it was um
50 million and he couldn't bring himself to, he had, he had a car he wanted to get. I think it was, um, it wasn't, it was like the, the new Corvette. Okay. The C8 brand new rear engine
Corvette. And he, and he couldn't bring himself. Okay. Guys worth 50 million cars, like a hundred
and some thousand. And I said, why is that? And his mindset was always about, well, if I do that,
then I'm taken away from something else I could help somebody with and i said cool i totally honor that i appreciate it i said but what if you got the car to help inspire
other kids that were just like you and i could see the light bulb and he goes oh i said so talk to me
about what just you just i saw the math click and he goes well if i got the car then i could use it
for charity rallies and i could do it i could go to schools and I could like go to car shows and I go, now we're talking.
See, if you have a thing, a house and you don't host people there, right?
You have a company, but you don't allow the resources to be leveraged by your team to
do good.
You have money, but you just try to hoard it and keep it in one spot and not use it
to create experiences
for yourself. That's where I think people get prisoner of money. And here's the thing,
and I got this from one of my friends. I really liked the way he framed it. He said,
it doesn't matter how much money you have, 100,000 or 100 million. He said, if money is
the primary decision you make a decision, you're a prisoner. So money needs to be a consideration, but it can't be the primary reason.
Why you do something, why you create something, make something, start a business.
It has to be a consideration.
Has to be.
You can't just say, I want to do this, but I may make no money.
You have to be thinking about the money as well.
How much do you think about the money versus the impact when you're making a decision?
Exactly.
How much should you weigh in? I think impact should be at least 50%. I think the money should almost be, let's not be wasteful, but I think we should listen to our
heart and say, that's what I feel called to do. If you feel called to charter a boat and invite
all your friends on it to create a magical experience. You know, I think that is a
beautiful thing. And, and economically, it might make no sense, you know, calling my dad and
sharing with him some of my travel stuff I'm doing, he for sure would go wasteful, makes no sense.
Why would you do that? But again, different mindset, right? He had a belief that money
didn't grow on trees, and there was a limited supply. I had a belief that money didn't grow on trees and there was a
limited supply. I have a belief that to the level I'm creative and resourceful, it's unlimited.
Let's go. I like that.
Dude, but that's true because you've experienced it, right? To the degree that I can create
opportunities for people or feel a certain way, then all of a sudden I attract it into my life,
then I need to show up. And always, that's why the desire to help
other people should be at least 50% of every decision because it's actually a better way to
live. You mentioned money story. How does someone identify what their current money story is from
their past? And then how do you rewrite your money story to create more abundance versus scarcity?
So good. It was a great question.
So what I do with people is I ask them to sit down and say, as it pertains to money,
being rich, and let's call it like being rich, what are all the negative beliefs that you
have around that language?
And really sit with that for 15 minutes.
Don't move on it.
And I've had people say the craziest
things and crazy to me, but maybe obvious to a lot of people listening. The first one, I remember
one time they said that rich people don't pay taxes. That's fascinating. And I've been a lot
of taxes. I know how much I write. I, and I want to pay taxes. The more taxes I pay, it means that
I've obviously created more. Well, like I have no problem paying tax. I don't want to pay taxes the more taxes i pay it means that i've obviously created more well like i have no problem paying i don't want to pay one penny more and i have to but i have no i have zero
problem and it's funny how that belief well what is that why does that matter to you well i don't
want to make i want to give a penny more to the government i have to interesting so you have an
anger issue against your government that's stopping you from being wealthy because you don't want to
pay more so you don't want to make more because you don't want to give more.
Dude, it's so fascinating, right? When people literally say like, well, I don't want more
because I might make, you know, if I'm wealthy or rich, my sister might be upset with me.
Talk to me about that. Well, last time I got a raise and I told her all of a sudden she didn't
talk to me for three weeks because she thought I was better than her. That's interesting. Let's talk about that. So I always go to three questions
when this stuff comes up is number one, is it true? So first off, write off all the beliefs,
write all the beliefs on your money story. Yep. Yeah. Then for each one of them,
the first question, is it true? What if they believe it's true? Well, is it really true?
Is the followup? Is it true? Comma? Is it really true? Is there a scenario where that's not true? And for most people, if I say, is it really
true? They're like, well, no, it's not really true. It's like, cool. Let's start there. Second
question is what would need to be true for that not to be true? Because that's another great
question. It's like, well, I don't want to pay taxes like perfect. So what if you had a tax
expert that specialize in making sure that you didn't pay
a penny more to the government you had to, would that solve the problem? Cool. Because again, it's,
it's not about overcoming that they don't believe it anymore. It's resolving the belief. So if I
then found a firm that I knew would help me not pay the government one penny more,
then I could push harder, right? Because again, people don't want to grow if they have a negative
belief of achievement.
So once we resolve that, then we move it forward.
Now, the third question is how old is that belief?
How long have you been thinking about it
or how old are you when you came up with it?
When did that start?
You know what I'm talking about.
I was seven, I was 10, I was nine.
I saw my dad upset and he made a comment
and that stuck with me.
Or my dad used to say that, it's fascinating,
he used to always say to me
that it's not what you make, it's what you spend.
Okay, which is good advice.
On the surface, it's not what you make,
it's what you spend.
So you could make a million dollars a year,
but if you spend a million and one,
then you're no worse off than somebody that didn't make any money. But what I took that
and internalize it for my twenties and my twenties, when I started in business was
every dollar I was an expense was I was taking it away from me. So think about the concept of
buying back your time. My belief, if I spent a dollar, then I was taking away profit. So I tried to do as much
as I could to save, save, dude. I was like, I was making like, you know, hundreds of thousands a
year. And instead of investing in the business, I was constraining it. I was choking it from its
potential because I wouldn't, I wouldn't let a dollar go if it wasn't absolutely necessary.
And the challenge is if you understand business
is that it requires an investment.
And what happens if you make good investments,
you get a return on that investment.
And if you get really good in business,
then the more investments you make,
like when I asked somebody like,
how much do you pay for a customer?
Well, I pay $10 a customer.
How much does that customer worth to you?
$100.
How quick do you get that $100 within the first month?
How many $10 bills do you want to trade for a $100 bill?
So what's your marketing budget?
But originally they'll say, well, my budget's $10,000 a month.
I go, no, it's unlimited to the degree that you get that $100 bill for every $10 that
you put in.
It took me six years of being in business and, and choking the potential of the business till I flipped the mindset of,
Oh no, it's not what you make.
It's not what you keep is literally what's the return on the growth.
Cause the real value in a lot of businesses, yes, it's the profit,
but even more importantly, it's what's the business worth to somebody else.
Because to the degree that, and this is what I talk about in the book,
to the degree that I can build a business that doesn't need me to grow
and that it has predictable revenue,
predictable profits,
those two equations equals
how much it's worth to somebody else.
And for, and this is what happened to me at 28
when my company got bought,
my first company I sold,
that was when the wind was on spirit,
even before that.
That was the one that really set me up
to then do a bunch of other stuff.
But that's when I learned that,
yes, you can't be not profitable,
but at the same time,
don't constrain the business from its potential growth
because if you can build a business
that doesn't require you to run
and is predictable profit,
then it's gonna be incredibly valuable to somebody else.
Or for someone like you,
where the business requires some of you to grow,
your personality, your likeness, your knowledge, your wisdom, your content creation, all of them
might be. How do you justify that when it's a personality driven business or expertise driven?
There's a lot of creators who are watching, a lot of solo entrepreneurs. It's my favorite question.
That are, they're the experts, they're the face, and they feel like they need more of them in order to grow.
Here's the way I would think about it,
is we got to reframe the problem we're trying to solve.
Because I think the problem, you know, I call them puzzles, not problems.
But the puzzle is what is true about the business?
So do you need to be the person that creates?
Yes.
But what parts of it?
So I have this framework I teach in the book called the 10, 80, 10 rule, the 10, 80, 10
rule.
I saw Steve jobs do this, Gary V do this.
And honestly, most massive creators at scale, Jimmy Donaldson, Mr. Beast talks about this
is they'll be involved in the first 10%, the ideation, the creative, and then they'll hand
it off to a team that executes.
And then at the very end, they'll, and then they'll hand it off to a team that executes. And then at the
very end, they'll come back for the integration. So what I do and what a lot of people do is I
resolve to be the talent. And by design in my company where I am the talent, that is my role.
I have a general manager that runs that company. So I don't do one-on-ones. I don't do strategic
planning. I don't manage finance. I don't, you know what I mean? With the whole team, you're just talent. I am literally talent.
When I wake up, the team says, I need this for me, this for me, this for you. I negotiate.
And, and then I try to figure out like, do you really need me to do that part? Negotiate your
time. A hundred percent. And then also like, Hey, we've got revenue. Can you spend some, invest some to go get 80% of this project done
that I'm not gonna do?
So for example, a lot of the creative projects,
we have like writers that help us with it,
that come with the ideation,
that go research all the videos I might've done
and they present the solutions.
So it's really about just looking at your calendar
and saying, okay, I wanna be the person on camera.
That's the thing I can't until AI and maybe neural link or whatever.
It gets good enough. I'm doing that. But anything that isn't that,
I'm not doing it. So, so create a forcing function,
a decision to say, I'm the talent team.
You guys want to grow the revenue,
try to come up with ideas that don't require more of my time. Right?
So that's the puzzle. That's big. That's the question.
But then you got to figure out how to hire the right people and people,
you know,
all that stuff.
That's the business stuff.
That's,
that's challenging.
Yeah,
no.
And that's why I talk about in the book test first hiring method.
Like what's that?
So the test first hiring method is the idea that,
you know,
I got this from Seth Godin,
you know,
a long time ago,
you know,
clay bear.
He introduced me to Seth.
I'm in New York and we go to his favorite ice cream place. That was when I was doing clarity.fm.
And I was just so excited to meet the legend marketer, Seth Godin. And, um, we're talking
about clarity, which was a marketplace for entrepreneurs to get paid over the phone.
And that was cool. It was like kind of LinkedIn had a call button, but in our conversation with
Seth, we were talking about people and talent because we had just raised a bunch of capital and we're hiring.
And he goes, yeah, I have a rule.
I just, I can't work with you until I work with you.
And I said, what does that mean?
And he was just like, he was ready to move on.
I was like, I can't move on.
What does that mean?
And he essentially says, before I work with anybody, I do a project with them.
And I'm like, I don't do that. And
that was a big aha. And I said, tell me more. And he tells me what the whole process. So over the
years, I've, I've developed kind of a three part way of how I hire. And the first part is people
have to submit a video answering questions that are very clear and they have to figure out how
they upload the video to give me the video. And why do I do that? Well, first off, I want to make sure they can read the
instructions and they can shoot a video and talk to a camera, which is really important from a
communication point of view. And they can technically they're advanced. Cause I mean,
we're, we're doing distributed teams. I don't have time to teach you how to use Google docs,
right? So can you record a video and upload it and get a link and then put it in the
submission for the application? So that's step one. Step two, we do a profile assessment. So a lot of
people hire folks and they're like, man, this person just isn't like the lights aren't on.
You know, you're talking to them. It's like, what's going on? Did you hear what I said?
Turns out you can test for a lot of this cognitive intelligence. Yeah. Yeah. So we have a profile
assessment that not only does it do their kind of the cognitive side, it also does just their, their, their default behaviors. See, I think their personality style too. Dude, it's all that because the best hire is somebody that selfishly has a desire to be better at the thing you hired them for.
My favorite question is to ask somebody in five years, we can't be working together.
You wake up and you're living your dream life. What does that look like? And they explain to you exactly what they want to do is what you need them to become in your company game on.
So that's step two. Step three is the test project. Here's what's different about the way
I do test product. A lot of people are like, Oh yeah, we do test projects. No, we simulate.
So whatever the role they're going to do is what they do for the test
project. So I just hired a CEO to run one of my companies. His test project amongst the four other
candidates was to create a 90 day plan. Cause that's the first thing, you know what I mean?
So whatever they're going to do when they start working for you is a hundred percent what the
project should be. And that's why it's called the test first hiring method. So before somebody ever gets to the end, the other rule I have is I
always have to have three really good candidates, which it sounds like a lot of work and it is,
but the chances of you not hiring somebody that can hit the ground running and add a lot of value
to your business is very, it's limited. What happens when you hire fast and you don't have
three potential candidates to make a
decision from?
It happens sometimes, especially if it's like a key role, a specialized role.
I mean, we'll look for it and just manage the expectations.
The big thing that we do that's quite different is we document everything.
So if the person comes in and they don't pan out, at least we have a process.
So we're not left hanging.
Sure.
But it's never usually a good...
And think about what it communicates
to the person that you're hiring, right?
If they go through this process,
they're thinking to themselves,
I'm joining a killer team.
So like a lot of times,
really senior director level above hires we're making,
they're so impressed with their process
that they almost wanna come work for us
as they're going through it.
Cause they're thinking, if I had to go through this,
imagine the other people I get to work with yeah you know so i think that's the the
business part is is always interesting because yes you have to figure out how to be the talent
but then it's always about the people i think we build the people the people build the business
exactly so our job and i call it teach not tell so this is a very you're gonna love this so when
i have people that work for me,
I don't tell them what to do. If I see something they're doing wrong, I write it down. I create a
training. I teach it. And now I have a standard. So essentially when I'm coaching people and they
say, you know, my team's not figuring it out or they're too slow, or I don't feel like the risk
takers. I hear it all. I go, cool. Make a list. What's on your list. And they're like, well,
uh, they don't, they don't, they don't collaborate in meetings or they don't take notes
in meetings or they're, they're slow on email replies or whatever it is. Make a list, all of
them, 13, 14 complaints about their team. I said, cool. Now show me where you've done a training
on how those things should be done. Right. Well, I don't. Right. Right. That's the problem. Right.
Or maybe they said, well, I told him one time or twice, but no, no, no, no, no, no, no, not tell you have to show teach. You need to show me where there's a video that if I watch that
video and I follow what you told me are the five ways that I need to collaborate in a meeting
that when I show up in a meeting and I don't do it, you pull out that video and say, Hey,
you remember this video you watch? Let's talk about the way you showed up in that last meeting.
Right. And see what's cool about that. It's just so simple is great leaders. And
you know, this look at the people they've led to the degree of those people have developed and
grown. That says, you know, if you look at any organization that's performing, I will show you
a world-class leader. It's impossible for you at boy Scouts, you know, organization businesses,
media companies. If you, if you point to this company, you know, organization, businesses, media companies.
If you, if you point to this company is doing awesome, I will introduce you to a world-class
leader. Right. And that leader is really good at developing people. Wow. That's a skill set.
How important is creating bulletproof processes for your teams in order to grow and scale?
If you have an issue on your team,
you have two options.
It's either a people problem or a process problem.
So I default to assuming positive intent.
I call it API.
Assume positive intent.
If there's a mistake,
I assume somebody wasn't properly trained.
So I always go to-
And the process is broken.
It's the process.
So I always ask before I get upset, I go, broken. It's the process. So I always ask before
I get upset, I go, can you show me the process that led you to create this outcome? And sometimes
it'll be like, well, I don't have one. It's missing. So I don't get upset at the person.
And then if they have it, I look at it and there might be a step missing that causes the issue.
Cool. Let's add it together. We'll just be like, can you add that step? See right there, enter,
boom, boom, boom. It's done. Then now I have something I can hold them accountable to.
But I think as a default people, especially entrepreneurs, we're kind of crazy. CEOs are
crazy in case they didn't know that. Like I'm very self-aware. I always want to go to the process,
but once the process, that's why. But once the process is in place and then there's a breakdown
continually, then they're not following a process. Yep. And then it's their decision if they want to not step up to the standards. Right.
I think people at the end of the day, if you don't have a process, a system, they'll fall
to the level of your systems. So you need to train them. They have to exist. And then that's
how you build a company that doesn't require you to run. And, and people, some people are like,
well, I don't ever want to sell this company. Cool.
I would still encourage you to build it
in a way that you could sell it
because a company that could be sold
is a great company to own, right?
And that's how we go.
Less breakdowns.
And you can hire more people
and put them into the process.
And think about just what's fun in life.
Like my whole philosophy is
I want to wake up every day
and go back to back awesome stuff.
Yes.
Fixing a problem that keeps happening
is not fun. It's not fun. Hence why a lot of people build companies that grow to hate.
It's the way they built it. Yes. So as soon as you get to a place where
you resolve a problem, and that's why I teach the framework, the camcorder method in the book,
this is how we create processes in my life is when a problem happens, I solve it. I never want to
have to revisit that. And then every time it's new problems, like most entrepreneurs, I know
you're this way, Lewis. It's I'm addicted to my expansion. I don't want to revisit something I've
already overcome. Yes. And having new team members, sometimes it feels like, Oh, I got to teach them
again. And here's what's crazy is whenever you feel that way is why you might not want to grow the business.
Because if I grew it, it would probably,
that person wouldn't be able to grow with me.
So I'd have to let them go,
which means I have to hire somebody new,
which means I got to train them.
So that's a lot of people
because they don't have those systems in place.
They actually will stunt their growth.
Isn't that fascinating?
It's really cool like when you
sit down with an entrepreneur who's got a business and you're like okay where are the opportunities
and they're like i can't do that because of this it's like let's talk about that thing that person
yeah so when someone starts to develop their and get to be aware of their money story
and they start to identify their story is that true is that really true and they start to identify their story, is that true? Is that really true? And they go
through these steps. Would you say that when they're clear on their money story, they then
have a money personality or identity? I think it definitely is identity.
Identity. Yeah. And we've all heard, you know, one of my coaches, Ed Milet talks about this a lot,
right? The whole idea that, you know, whatever our identity is around
our wealth, our love, our relationships, it's like a thermostat, right? If this room is got a
thermostat set at 80 and it gets hot, the cooling is going to kick in. It's going to cool us down.
If it gets cool, the heater is going to kick in. It's going to heat it up. And everybody has an
identity around money and especially worth. And some people, it's fascinating to watch.
They can just go look at their bank account.
Usually it oscillates between the floor and the high, right?
And some people it's overdraft is cool.
And it is like, no problem.
Other people, if they don't have 5,000
in their bank account and savings, they freak out.
So it's interesting from a working through the beliefs is trying to figure
out how do I make the old high, the new low. How does someone break through then? You got to do
the belief work. You have to understand what beliefs you have about breaking through. Because
if the low happened, if you looked in your bank account or you stepped on a scale, you step on a
scale and you thought it was going to read a number and it read 20 pounds heavier you're going to make a completely different set of decisions that day right about
what you have for breakfast right do you go to the gym of course you're going to the gym you're like
what am i doing 20 pounds heavier i didn't know that was going to be there so what happens is
you need to trick yourself into making the old high the new low and act as if it was the best way to fix your identity is get
around other people. Yes, we know this. I mean, the environment, it doesn't matter how motivated
or how much positive motivation you have about being warm. If you're sitting inside a commercial
freezer, you're going to be eventually going to get cold. Yeah, you're going to be cold. So it's
like, how about we move you out of the freezer into a warm room?
And all of a sudden that warm room is your peer group. Right. And I always say, if you're the,
if you're the big dog in your city, you might want to look around, right? If you're the smartest
person on your street, find another street. Yes. So what would you say is the process then
from shifting out of a belief system of scarcity or lack around money into abundance and prosperity,
would it be around the story first, then shifting your environment
around people you're with so that your identity starts to shift?
How do we shift our identity to become wealthier-
Oh, man.
Minded and wealthier materially?
Yeah.
It's a beautiful question.
I love it because oftentimes I'll talk about the
chocolate and the broccoli. Sometimes you have to communicate the chocolate because that's what
people really want, but what they need is the broccoli. So the chocolate for a lot of people
is success. It's rich, it's money, it's accolades, it's recognition, it's all that.
And put a note on that. What is the thing that people usually want? Is it they want financial
freedom? Is they want status? Do they want options? What is it people really want when
they think around wanting more money? I think the word that comes to most
entrepreneurs when I'm asking this question, and I do, I run big events and I say, okay, why do we start the business? One word, write it down,
go. It's freedom. Freedom. It's freedom. Freedom means the ability to do what you want with who
you want, anytime you want, which is a, is interesting because it's a bit of a fallacy,
right? I can actually, your work ethic is a byproduct of your gratitude. Think about that.
I think a lot of people that think, well, if I was rich, I would just hang out on a beach and
do nothing, drink my ties. The reason why you'll never be rich is because that's all you would do
with that resource. If you became the person who could become rich, you would have a different
character trait that would, you would not be like, I don't want to waste my day. Yeah, I've done this for 14 days in a row. How many more days am I going to
just hang out on the beach and get bored. So it's fascinating that some people that are broke,
have a belief about what they would do when they're rich. And it's the reason they'll never
be rich, because that energy will never bring that to them. Right? So when you say what should
they do first, it's they got to focus on
the abundances all around them. So start paying attention to abundance around you. It's you can
wake up and you can decide that the world has scarcity and negativity and lack, and you will
find evidence of that. Or you wake up and you decide that the world is abundant and there's
positivity and there is so much
opportunity around me. And my job is to just keep my eyes open for the rest of the day and not let,
yeah. Cause your frequency, your energy is what you frequently see. I want people to hear that
your frequency, my energy is what I frequently see, you know? And that was, I was excited. My
boys came in here. I wanted them to meet you because you're one of those people where I'm like,
Lewis is such a good and positive.
You need to feel that energy.
So I'm never surprised when I meet somebody that's successful that's positive
because, of course, they are.
Because look at the way they look at life.
So I think the first thing, any person, no matter where they're at,
it doesn't matter how much money they have or have nothing,
they can decide, hey, in the last hour, did I focus on opportunity? Did I focus on gratitude? Did I focus on abundance or was I
complaining? Was I seeing the downside of my situation? Like one question I asked myself a
dozen times a day, Lewis, I've never told anybody this. Anytime I feel any lack and it happens all the time or frustration, you know, I meant to be
somewhere's on time. I'm running late or, you know, uh, my driver, something happened. I always
go to this question. How can I appreciate even more God's grace and guidance in this moment?
That's cool. Any, anytime it's like a cleanser, I could be sitting here and I'd be like, oh, man, I wish I would have had something to drink before I started or whatever.
And I'd just be like, how can I?
In my mind, I just ask myself, how can I appreciate even more God's grace and guidance in this moment?
And immediately, see how it just changes the scanning of the world?
All of a sudden, I'm like, oh, I'm warm.
That's cool.
Or, hey, I'm here with my buddy.
That's cool. I'm healthy. I'm healthy. Oh, my gosh. I'm warm. Yeah. That's cool. Or, hey, I'm here with my buddy. That's cool.
I'm healthy.
I'm healthy.
Oh my gosh, I'm breathing clean air.
That's cool.
I have resources.
I have friends.
I have rich relationships.
I just got back from vacation.
Like there's, as soon as you, and that's why I think questions are probably one of the
most powerful tools we have.
Because if you ask a more powerful question, you'll live a more powerful life.
And that is my question.
It's my primary question that I use to try to reset it. So it's not about like, go get another skill
or character trait or change your belief. It's really about like, can you decide right now to
see opportunity all around you? It's there. Yes. It's right there. You mentioned frequency.
How important is it for us to shift
the frequency of our thoughts and our emotions in order to draw in more financial opportunities? And
is money attracted to a certain type of frequency? If so, what is that frequency?
It is. I think the number is like 433 Hertz or something.
Like I think I saw it with times like the money frequency is 433 Hertz. I don't know. I do know
this in my kids, uh, playroom in our house, there's a chart and it's, and it's essentially
a spiral energy chart and there's a downward spiral and an upward spiral. So the feelings
on the downward spiral are all the things you would assume, you know, anger, frustration, sadness, or whatever. The upward spiral is things like
gratitude and joy and laughter. So when we think of our frequency attracting, because I don't think
we create success, we attract success. And Jim Rohn says this often right we attract success by becoming
an attractive character so it's what an attractive identity yes I mean this is I hope I hope people
can resonate with this people want to do business with people they like that are positive that make
problems slash puzzles not an issue. Easier. Easier.
And oftentimes it's not even,
do you have the skill to solve the problem? Is when you work on a problem, are you joyveal?
Are you kind?
Are you funny about it?
Do you take yourself seriously?
Or do you just, do you crack a joke from time to time?
Yes.
Because that's what people want.
I want to be around people that make life lighter,
not make them harder for me. So I think that energy, that's why I tell the kids, because
check this out. If you woke up today and you don't feel proud of where you're at,
I can guarantee there was a day back in your past, six months ago, six years ago,
doesn't matter when, where you went from an upward spiral to a downward spiral.
six years ago, doesn't matter when, where you went from an upward spiral to downward spiral.
And that one day, that one decision, it was little where you got upset at somebody when you knew you knew better. You didn't apologize. You should have been quicker to apologize. Something happened to
you. You assumed that they were trying to be malicious. You should have assumed a positive
intent and you started to downward spiral. Isn't that interesting? Like if you wake up and you're
20 pounds overweight, there was a day where you ate a little bit more than you should have and you didn't go to the gym. It's never like the one day. It's the multiple days. That's why for me, that upward spiral, downward spiral and the energy and that frequency, it's something I've been teaching my kids since they could understand language.
Wow.
Oh, yeah. Because again, it's who you are attracts things into your
world. The world isn't as it is, it's as you are. But how come, you know, people watching and
listening and we might say, that sounds great, Dan. And I understand that, but why are there so
many wealthy or rich people who are nasty and are mean and treat people poorly, how do they have money still? Because money is not, and Tony Robbins
talks about this. He said, there's a science of success and then there's the art of fulfillment.
So there is a science of being successful, just like there's a science for being healthy.
And if you go into a caloric deficit and you do hypertrophy training, you will be ripped.
If you sell something for way more than it costs you to make and you can scale it up,
ta-da, you're rich.
The art of fulfillment is completely different.
And that's the world we live in.
We're talking about frequencies also, like personality and frequency and identity and
beliefs and attitude, talking about frequencies also. Yeah. Like personality and frequency and identity and beliefs and attitude,
which I believe also when someone,
when I'm at a restaurant and someone is like,
just got the most positive attitude who's waiting on us.
I'm like,
I want to over tip,
right?
I want to give more because I appreciate and I value positive energy.
So I value that.
But,
uh,
there's a lot of wealthy people also who are mean and angry short exactly and all those
things and just like you know the least amount of tip or whatever it might be um and so how do
they get away with it or how do they succeed in spite of a lower energy frequency in some way
yeah it's such a great question because I'm not saying you can't be successful
or rich without it. It's just then you don't have the fulfillment. Right, right. So you can be that,
but then you don't have good relationships and you might be sick inside. Let's talk about what
they have that the people that are looking to create and have impact and have more fulfillment
should consider. It's the worthiness. See that person that used what I call dark energy to create.
And I use it, dude, in my early twenties,
proving all those people that second guess me.
I'm going to show them.
I'm going to win so big.
There's going to be undeniable that they were wrong.
Like that was a very dark, like kind of diesel.
It drives you.
It was powerful.
It's got a lot of torque.
Problem is it also, it eats at you. It's dirty. It feels powerful. It's got a lot of torque. Problem is it also, it eats at you.
It's dirty.
It feels hard.
And I think that's why you see a lot of billionaires want to be Buddhists, but you don't see any Buddhists who want to be billionaires.
Because they got the fulfillment.
They don't need the money to feel good.
They don't realize that I could have felt good the whole time.
Yeah.
That's a beautiful place to come from, right?
Yeah. That's a beautiful place to come from. Right. And so what I would encourage people that want to be more, um, full of positive energy and be successful to consider is just know that you're
worthy of it because it doesn't matter how great of, and we all know these people, they're so kind,
they're so giving, but almost to a fault, right? They create opportunities for people all the time but they
don't feel worthy of getting a piece of it or being participating in or collaborating around it
wow so they lack yeah i have a friend a mutual friend that i know he's given to me for 15 years
and i continuously ask him every year when can i help you and he's just like oh it's all good man
i don't want to bug you wow dude that's not cool
like for real man like i really want you know and now i'm like kind of upset it's like hey man like
do you think my help ain't good you know what i mean like what's going on right so i do think
some people can be financially successful but when it comes to the art of fulfillment
that that takes a different process so I want to get back to this process from identifying your money story and then realizing that's your money identity and personality once you've identified that story.
And once you've realized, okay, this is my identity, this is my personality, and this is how I make decisions day to day, or this is how when money comes in my bank account,
I feel something.
I either feel excited, I feel anxious, I feel avoidance.
I have this attachment style to money.
How do we break free of an attachment style to money that is harming us so that when money
comes and goes, it flows. It feels good as opposed to
anxious, avoidant, or stressed emotions. Because growing up, I had a lot of anxiety around money.
Same, yeah.
And now when money comes to me, I say, thank you. I appreciate it. I don't care if it's a penny or
$100,000 that comes in the bank. I'm like, thank you. And I learned this
from my friend, Ken Honda. He said, when money comes to you, ask it where it wants to go. He
said, where do you want to go? Do you want to go towards food? Do you want to go towards rent? Do
you want to go towards giving it to people for free? Do you want to go towards investing in
something? Where do you want it to go? And I like that philosophy of just paying attention of where
you want it to go. What else would you say that we
should be considering around when money enters our account or comes in our hands? What should we think
and what should we do with the next steps? Yeah, you kind of touched on it. I think that
one belief I would encourage people to consider that would help with the receiving
is the belief that you're a steward of it.
Oh, okay.
Some people can't receive money that well, right?
No.
It's hard for them to let someone pay for them for a meal or to take money.
Not only that, they stress themselves out.
If I put a million dollars in a lot of people's bank accounts, they'd be worried that somebody's going to rob them tomorrow.
They'd be worried that they're going to mess it up and the government's going to say, you you now owe us two million dollars like they there's so much angst around receiving and one
of the big ideas is that a worthiness conversation is that a value conversation why is there angst
around receiving i think it's a a fear of not knowing right because it's new a lot of people
you know i call them factor of 10 problems most people start
with 10 problems and those are those are meaningful back then right cell phone bills a little extra
and you're like whoa and you're calling up and you're spending three hours trying to get that
10 back yeah and then and then we go to hundred dollar problems right and then thousand dollar
problems and if you think about the mindset to the degree that we can become comfortable with bigger quality problems.
I remember Oprah one time she was being sued by the Mad Cow people because of something she said on the show for a billion dollars.
And somebody interviewed her and said, Oprah, like how do you sleep at night?
You're being sued for your whole life's work, your whole net worth.
And she said, I'm just grateful to be the kind of person that could be sued for a billion
dollars.
Wow.
Huh.
She got really comfortable with receiving and being.
So I think that the first idea is to understand that it's not ours.
Money is not ours. Nothing's ours. I mean, I love that you bought a new house, man. Eventually, when I leave we it's not ours that money is not ours it's nothing's ours i mean i
love that you bought a new house eventually when i leave it's not mine it will and there could be
exactly so if if we actually just get into the headspace that everything we've created in our
life there's a lot of in like it's not permanent then all of a sudden like you said it's where
does it want to go how do we want to use to shape it? How do we use it to help other people? Right. We're stewards of it. If you see other people
that are rich and you're upset that evil people, you're like, they're rich, then go be rich.
Take, take, take that resource and deploy it the way you want. So I think the way I look at it is money coming into my life is a byproduct of the value that I created.
Right?
So if I want to have a bigger impact, I want to do more good.
I want to create more.
Even as an artist.
In the book, I talk about Andy Warhol and how he created the factory and he had teams of people supporting his art.
He decided, I'm going to use this resource to do more.
And I think that when you correlate that, and I think that's why tithing for a lot of
religion is really important.
I follow the same process, and I believe you do as well.
When you get money and you know that that money is going to help people.
For example, my buddy Mark, he came to my house one day, and he's like, dude, I have
money mindset problems.
I just can't charge $5,000 for what I do. And we're sitting in my son room. I said,
interesting. I knew he was a person of faith. And I said, what? I think he was charging two
and he knew he should be charging five because everybody else charged five. He just felt,
felt guilty about it. I said, well, what if you knew that every dollar you made 10 of your income went to your church
dude i saw his whole body meaning shifted yeah he lit up i want to charge 10 right of course you do
right right because he aligned his desire to serve right and i just thought that was just a beautiful
way to to think about what beliefs I have around money.
Now, it doesn't solve it.
It doesn't fix the skill problem.
You got to become more skillful and more valuable, but it helps you receive because you know that as I receive, it's not mine anyways.
I don't have to protect it.
I don't have to worry about losing it.
It's now a resource that I get to use to then go create other things I want to see in the world.
Ideally, hopefully, it's to help people.
When someone hoards their money, what are they saying?
They're saying to the universe that it's fixed, that I won't get any more and I better protect it.
Wow.
And typically, those people cannot live a fulfilled life.
Wow.
Yeah.
I mean, we live in a material world and there could be challenges in the future. So how much
money should we be putting aside of the money we're bringing in for paying our bills and expenses in
the future and making sure that we're not day to day this this is the stats because i always i'm a
data numbers guy if you look at the worst case scenario we kind of went through with the the
global pandemic um it may be a year at most, most financial experts
will say you should have six months of overhead expenses set aside available liquid. That way,
if you ever had to restructure your business or you got laid off or whatever happened,
you could weather that storm because it takes, that's about it. And you know, and some experts
will say in the business side, it's about three months of operating expenses six months some say a year
I think that's a lot but let's say worst case everything else above that is really about okay
what's the allocation do you want to invest for the future do you want to set budgets aside for
creating experiences and I don't know if there's a right or wrong answer because I think depending on the situation, how old somebody is, they might want to, you know, I know I love the book die with
zero. I think you've had the author on. Yeah. Super cool book because the philosophy of actually
designing the leverage, cause he talks about the go-go years, a slow go years in the no-go years.
Right. So like if I have money, especially if you have kids, there's two concepts from the book
that I thought were phenomenal.
One is if you want to bless your children,
bless them when they're younger.
When like, for example,
I call my, as soon as I read the book,
I called my dad, I said,
dad, do you have any desire
to leave money to my sister?
And he goes, yes.
I said, you should give it to her now.
Why?
It'll have way more value to her now
when the kids are teenagers
in regards to the life
decisions she can make and experiences than when she's 60, think about an extra a hundred grand or
whatever the number is at 27 years old, we'll have a completely different impact on your life
than at 57 years old. And unfortunately, a lot of parents that want to give their children,
they wait until the end of their life and they don't do it. And he talks about it,
that you want to do this when they're around the perfect age is like 27, 28. So that was one big idea. The other
one is, you know, people- And the memory dividend of it, right? Like you get to experience it and
you get to have those memories for the rest of your life. And you're alive. Yes. What a crazy
idea. It's like, you can actually see it in their eyes. Like my gosh and you see the impact it had not after you're not here anymore right then the other one was um that when you whatever age you want to say
you retire i'm not a big fan of retirement but um that there's the go-go years right you know 50 to
60 or 65 and then there's the slow-go years so a lot of and then there's the no-go years no-go
years are like 75 plus you're not moving much no
so most people don't realize that the amount of money they save for retirement you can buy
insurance in case you're worried that it's going to run out so that protects you on the upside that
you live to 100 but you're not doing a whole lot of backcountry skiing you're not traveling yeah
yeah for most people everyone's maybe on a cruise or something yeah
yeah i'm like wow you're 82 on the back mountains but i just think that um a lot of people worry
about accumulating for again it's it's it's anything to extremities it goes back to if the
primary reason you're making this decision is only for money then that's where you feel a prisoner of
your money wow and it doesn't matter if you have 10 bucks in your pockets or a hundred. It's a big idea. I know a lot of really wealthy
people and they are prisoners of their wealth. Really? Yes. That unfortunately is the norm.
What will make someone a prisoner of their wealth? If every time they make a decision,
it's, they're always thinking about what it costs it's not what it's cost it's
what it's worth so what does it break that down it's a difference how should we be thinking about
it cost versus worth i mean think about okay i could go on this trip and it would cost me ten
thousand dollars right and they're thinking man that's a lot of money it's a lot of money
but the experience of bringing your children,
especially if they're like 17,
18,
you don't have a lot of,
like most people don't realize this.
It's so important.
Like the life is,
I think that if everybody just got really comfortable about how they're not
going to be here forever.
And that this time,
like dude today,
I don't get today back.
I,
I plan my life in five year increments.
I think it's enough
time to do something meaningful not too little time to be wasteful yeah yeah and i feel like if
every five every year i sit down i reset for another five years and i try to figure out like
okay so we do for example we just got finished doing a vacation with 18 of my siblings and
are my my nieces and nephews that's a trip that my brother and i
finance for the whole family yeah we do it on ski hill all of those yeah one house 18 of us
side of a mountain yeah we do it once every two years and and and it is the best so cost wise
big number big worth dude take everything take the mclaren you know what i mean like yeah i don't
that's not important wow that one week together is like if you ask somebody they had two weeks to
live yeah and you couldn't tell anybody else what would you do at your time sure they would get on
in a one house of course with their family members pour into them to the degree they could wow and
on the last day they'd have to say goodbye yeah you're not taking anything
with you nothing it goes back into the pool it's like you played the game of life and you put all
the chips in and at the end of it it's somebody else it just it's crazy everybody gets it back
and i think that if people use that perception or perspective in making decisions especially
money decisions they would they would live a richer life.
This is why I love Ramit Sethi's work
around living a rich life
because he's not about, you know,
scrimping and saving your way to wealth, right?
He's about like, hey, let's set it up,
automate it so that your mindset
doesn't even become part of it.
Let's take care of like where things should go.
And then now let's talk about
how do you increase your value so that you have
more to then live a life. We were talking earlier about like, you know,
travel and expenses.
One of the ways I had to overcome this is put money aside that had to be spent
for trips. Really? Yeah. Cause if not, then man, that's a $20,000 trip.
Dude, this is the problem. Every time I was making
it as to a money class or just this, or should I go to this hotel? You're like, uh, yeah. Should
I take that? Should I take that 20 grand and put it into my business? Exactly. Look what I can do
with this money. Yeah. So because I said laptops with this, I always think about iPhones. I'm
always like, and this is like can eat. That's so awesome.
But I thought that was a good way for me.
I remember somebody talking about this, like set the budget aside.
Yes, because then you have to spend it.
And if you don't spend it, you lose it next year.
Right?
And then what does it do?
It forces you to prioritize.
If I know I've got 20 grand a year for trips, whatever the number is,
and I'm not looking at the cost of the thing,
I'm looking at the worth,
and then I'm prioritizing,
because if I don't use it, I lose it.
You're scheduling the dates for it,
you're doing all that.
Yeah, you're making it a priority.
You know, when people say like,
my family's important to me
and my health's important to me,
I go, show me your calendar.
Right, show me where you're investing your time
for your health.
Bank account and calendar. Yeah. It does not lie. And people that say that it's important to them show me your calendar right show me where you're investing your time for your health bank account
and calendar yeah it does not lie wow and people that say that it's important to them and they
haven't they don't have day night in there they don't have family trips they don't have investments
in their relationship like seminars where they can do together they don't have any money spent
on it do you know like the entrepreneurs that will spend 50 grand to hire a consultant to come
in to help them with their marketing but won won't spend $500 on buying a book
or a course for their marriage.
Wow.
That's unfortunate, but that's the norm.
Yes.
Right?
Because again, what do you think you're worth?
Yeah.
What is the biggest money problem you have today?
Such a great question.
You know, it's funny, man,
is I don't think I take advantage
of the biggest opportunity in front of me.
What do you take advantage of instead?
Smaller, safe.
I know, and I'm a guy that buys a company a month.
What's the biggest opportunity in front of you?
I don't know.
That's my biggest worry.
When I think of where, because I don't think about money's my biggest worry. I, when I think of where the, like, cause I don't think
about money. I think about value creation. It's the same thing for me. So when I, when you say
money, I just rewrite value creation. When you say, well, what's the biggest value creation block
or things stopping you? I think, I bet there's something I don't see that is bigger than what
I'm doing that I don't want to see because it would mean having
to renegotiate some things like what just my time and my commitment and my my success whatever it is
but essentially for me to go for something bigger that's scarier that's unknown that's usually the
thing and it could be it potentially could be just doing more of what I'm doing now, but giving it even more resources. Um, that is
the, that's probably the thing that I think about the most. Yeah. Yeah. I love the power of questions
and I love that question of what's a opportunity that is right in front of you that you're not
taking advantage of. That's a beautiful question. And that's kind of the one I kind of keep thinking. And it's like, is it this? Is it this?
On the money side, I would say in the last few months that I've gotten world class at,
but it was really bugging me, is I had so many open loops.
What do you mean?
Dude, I had and still have in certain cases 26 credit cards.
Oh.
I have three banks that I deal with and spreadsheets of accounts.
Just the complexity of my, my business empire. I've got, uh, travel points. Like we're talking
millions of points. I'm a hoarder when it comes to points, dude. I just, you got the jet. Okay.
You want some, I'll send them to you. But it was so funny. Cause the other day I was like,
and I have different reward points programs, right? Cause I, I, I'll send them to you. But it was so funny because the other day I was like, and I have different reward points, programs, right?
Because I remember I decided one day,
I was like, I want status on everything.
So I like did the whole credit card thing.
I don't know if you've heard of this, it's a thing.
But it added complexity.
And so here's what I know about going forward.
You can't move forward until you clean up the past.
Think about that.
Isn't that true in relationships also?
It's in everything wow and
when i think of i remember i sat down opened up a google doc and i just wrote down i think i called
it like a money cleanup and it was just like a list of all these loose ends i knew were there
it's so funny you're saying this right now because in the last two months i have cleaned up so many energy, I guess, open loops in relationships. And I've been,
and it takes a lot of courage because you have to use your voice. You have to speak up. You have to
take actions. You get to disrupt situations and relationships and things are going to shift and
move. And so I've been using my voice in every different relationship that I have when there's something I feel like that just feels off to me.
Whereas I used to just say, I'm going to be the nice guy.
I'm going to take the high road.
I'm going to, you know, not ruffle any feathers.
But now I'm just like there's too much energy that's seeping everywhere that I need to reclaim.
Yeah, it's almost like the holes in the dam.
You had to go like plug them.
Yes.
Right? Because it was all that energy on the holes in the dam. You had to go like plug them. Yes. Right?
Because it was all that energy on the backside of the dam was leaking out.
And the more I do it, the more powerful I feel.
And it's not doing it in a mean, aggressive way.
It's not malicious.
It's being conscious.
It's being considerate.
It's being, you know, communicating with kindness, I guess, but being firm in your communication of what you need or the boundary you're creating or
closing a loop and I think it's interesting you're doing that it's kind of all these credit cards and
points and things just things that are out there it got silly things just out there and you haven't
and they're just open loops that need to be closed yes right though the a friend of mine said it once
recently it's so good it's hard to do your homework until you clean a room you know it's like he he said he goes i bet all the potential in your business is on the under
on other side of unexpressed conversation oh man i was like dude isn't that fascinating yeah
that the the conversations you've been avoiding is where your potential sits then i feel that
literally gary said this yesterday on the interview with him.
He's like, I've got 2,000 employees and my biggest flaw is my lack of candidness.
Directness.
Yeah.
He's like, I'm very candid and honest with my audience.
He's like, I can say whatever I need to, but when someone's been with me for a year or
three years and I really like them and I know about their family and their life, but they're drastically underperforming,
I haven't been able to be candid and say, here's the action plan you need.
And, or you can't be here anymore, you know? So he's like, I've carried people on my back by doing
more speaking, by doing these things. Cause I don't want to be candid with them. And I was like, man, isn't that interesting?
But he was like, if I just was candid more frequently
and had those uncomfortable conversations,
they would either step up or they would move on.
And then somebody better would come in.
Exactly.
Free up his time.
And we would grow and expand, right?
And I was just like, man, it's so challenging.
Need that.
It's challenging.
Yeah, it's interesting because I like that damn metaphor as you shared that.
Because when you said the more I do it, the more I plug the holes, the more powerful I become.
Yes.
Think about it.
The more energy because the water builds up.
It's like a geyser.
It's now boom.
Yeah.
And it's, I mean, that's the, you know, energy will flow where attention goes.
And if you've got those people taking your attention
just like little thoughts throughout the day ah this is frustrating me a little resentment man
that's why people don't sleep well i know when i say when they're like when clients of mine are
not sleeping well it's very simple have a journal write it out yeah because if not you think that
that process is going to resolve itself you just have it's not. You just have to write it out. Okay.
I did.
Have you heard about the 12-hour walk?
What's his name that did that?
He has a, it's called the 12-hour walk challenge.
Forget the guy's name, but amazing explorer.
He's just like a world-class explorer.
He wrote a book.
So I decided it's just, it's literally you wake up and you decide to walk for 12 hours.
Holy cow.
So I was like, I do Ironman.
Like I can do this.
Yeah. That's hard though. I did not realize how hard it is. It was the most, it was like doing,
it was like between a half and a full distance Ironman. It was legit. And I started it. I did
it January 1st and I started in the morning and it was 6, 6 AM. Cause 12 hours, I want to be
finished by dinner. And I went walking.
And luckily, somebody gave me some advice on how to have the best experience. Because some people have had horrible experiences.
Do some research.
But for example, somebody suggested, have a series of questions that you meditate.
Because you're walking by yourself.
There's no devices.
There's nothing.
It's just you and yourself.
Oh, no.
Zero.
So one of the questions was
um a quote it wasn't even a question it was a quote joseph campbell quote that said the cave
you fear to enter holds the secret or the the key of the secret you're looking for wow the treasure
you've been looking for all those so i'm walking in the woods lewis and i'm screaming it's just me what's the cave i'm willing to look at it just i just tell me
what it is and as i had my journal had something right in and i would just get these these what
you just said open conversations things that have been just left unsaid and i remember this like one
of them it wasn't even a big deal it was just a a group that i was in that i didn't want to do anymore dude i just had to call him up dude and i told him he goes man i didn't even know you
were still in it oh my gosh man dude that was one of the things i did last week i removed myself
from a group and you think it's like the biggest thing and they're like i can't believe you stayed
and so like i just thought that that question of the cave you fear to enter holds the treasure
that you seek and if you're willing to go in there was some crazy stuff i was like oh no i can't do
that i must do that that was my to-do list when i come back but that 12 hour walk i thought was
one of the most fascinating experiences i mean talk about therapy wow right just you and physically oh my gosh
seized up i was all ambitious i'm going for a steak after this i do i fell in the parking lot
like i got out of the car meet my buddy oh yeah i just fell to the ground i was like anybody see
that no okay cool let's get to the bar i gotta i gotta sit down wow man yeah but it was it was i think like meditating against questions of like
again just open loops man right into the because what are you telling yourself it's and in many
ways it's helping you build that worthiness yes because if you ask yourself why have you not had
it's like well i just don't want to create issues or disruptions or friction or it's like why well
i'd rather take it myself i'd rather be maybe the martyr you know what i or it's like, well, why? Well, I'd rather take it myself. I'd rather be
maybe the martyr. You know what I mean? It's interesting. Cause I love Gary's stuff. I think
Gary, he's the compliment to me because I am too direct sometimes. And that's literally, I went
from being the person was too quick to hire, too quick to give feedback to now when I hear Gary and
he is a world-class operator that I don't think people give him enough credit for. 2,000 employees. It's even the way he operates, people don't understand.
Like his philosophy is continuity is a competitive advantage.
He's like, and again, it's funny because it's a double-edged sword.
He's like, I keep people around so I have a competitive advantage,
but I don't, I'm not quick to upgrade the talent.
So it means I deal with the downside of that.
But all things said and done,
there's no other leader that I can point to that.
I feel truly care about the people he cares about the things they care about.
That's leadership.
Yeah.
You need to care about the people you care about things that they care about.
Yes.
He does that at a world-class level.
Yeah.
And I think he's got a photographic memory.
I mean,
I've never seen anything like it.
He remembers when he met you,
how he met you,
the conversation he had with you 10 years ago,
where you were.
He was telling me this in the interview.
And he meets thousands of people a year, dude.
It's amazing.
Yeah, so he's got to have a photographic memory.
We met in 2009.
And he goes,
I remember exactly where we were.
We were in a world market in St. Louis
and this and that.
And then I went in your car.
I drove him somewhere.
We were connected on Twitter.
And I was like,
how do you remember world market? I can't remember where I was last
week. I know it's crazy, man. It's a, it's a gift. Yeah. We all have our talents. Um, speaking of
talents and what people lack, what do you think is the, the, the three habits that keep people poor?
There's so many, the first habit that keeps people people because you talked about a lack of worthiness
you're talking about talent i've got the habits okay the first habit that keeps people poor
is blame it's not being accountable for their life man so many people love to stay in victim
blame mode as opposed to responsibility feels so good dude if how i would love to say that it's like
being on a beach in the sun like how good would that feel when nothing that i'm experiencing
that's negative is my fault that's awesome that feels great like i get it it's just it'll keep
you poor right step one is understanding you are 100 accountable for your life and nobody's coming to save you. If you don't believe
that, then you'll never create. So I think that's the first habit is just that negative belief
around blaming other people. The other one is the habit of not investing in their skills.
And it can come from, I don't feel I'm worthy,
but it's really simple because it's not about working hard. I know a lot of people that work
hard that really struggle make ends meet. And I know other people that on the surface,
you look at them, they go, they hardly work and they are wealthy AF.
Right. Why, why is it people that seem to work? Some people that work extremely hard
don't make that
much money? Because they're not working on the right things. They're working hard on the work.
They're not working hard on themselves. Oh. What do they need to be working harder on in order to
break through to the next financial level? They got to find out what does the market value,
right? What does your boss value? If you've never talked to your boss
or never talked to your customers
and say, here's what I'm doing for you today,
what could I do that you would find more valuable
that I should consider learning how to do?
Yes.
That conversation has,
then you're missing the boat
because the world rewards people that creates value.
Like there's a reason why
there's hedge funds managers making a billion
dollars a year. Some people hear that and they go, that's, that's, uh, that's not fair. Okay.
He made a billion, but he made a hundred billion for people. Right. That's value. Do you know how
to do that? Cause if you do, it's like, I don't know how to do that. And if I did, I think that's
pretty awesome. So again, that's the extreme.
There's people at that level.
But if you're making $50 an hour, $25 an hour,
you could ask yourself,
what's the next level of value that I can create?
So that belief that the habit of not feeding their mind.
I mean, Lewis, there's people that are in troubling situations
that don't even read books.
Like, I don't know about you, man.
Yeah, the answers are out there. I am even read books. Like, I don't know about you, man. The answers are out
there. I am shaped by books. I've read 1600 continue to read every day. Why? Because for $30,
six hours of my time, maybe it takes me a month. Maybe it takes me a week, depending on how much
I'm reading. I can learn a person's perspective on a topic that took them 25 years.
And when I read, I'm looking for one nugget that's going to add value to my life to make me more valuable.
And if I can do that, then the market will reward that.
So one of my mentors said, he goes, don't read.
This is a big, this might shift everybody's perspective.
Don't read for yourself, read for your customers.
What does that mean? It means acquire knowledge to be helpful to other people see most people when they start
reading they're like okay yeah it's all for themselves money management productivity time
management no no what business are you in you're in uh solar cool go read the custom like read the
books that your customer should be reading right right? About home maintenance, whatever it is. And then that way you're, you're valuable to them. You're differentiated
amongst all your peers to that customer. So that was like, when my mentor, Tim said that to me,
I was like, Oh, I had a different lens on even just reading and invest in myself.
The third habit I would say is they don't understand money. It's really just the, they, they don't have the knowledge about
what money is. Bad habits, right? They're wasteful. They don't spend. It's, it's, it's,
it's literally that habit of like, show me your bank account and I'll show you your money beliefs.
Yeah. Like, like what people don't realize is the environment definitely is a reflection of
your beliefs. Your bank account is environment,'t realize is the environment definitely is a reflection of your beliefs.
Your bank account is environment.
Your body's an environment,
your house's environment,
the city you live in is environment.
It's country you live in.
These are all containers.
What you eat.
All of it.
And it,
it says something,
but the words you use is your environment.
Like the language people don't audit themselves.
So I think that that's a big part of it is the the
money people say i'm not good at math you're saying it can we add a comma yet to this saying
it you're gonna believe it yeah and i think that's why language matters so i think those are the three
things is just make sure that you focus on them and then wow that's good you'll overcome them
what is the i mean we haven't really talked about buying back time, but I'm curious about.
But have we?
We have.
Yeah.
But I'm curious about if people can get one thing from your book, Buy Back Your Time,
what is the main thing we need to understand about how to do this, why we need to do this. And is there a simple framework that we should think
about when it comes with time and money? Yeah, a hundred percent. And it's, it's in chapter three,
it's called the buyback loop. And it's kind of the core framework that the, the unique part about
this book, the perspective is that we don't hire people to grow our business. We hire people to buy back our time. Because if we do the
second, we get the first. But if we do the first, we definitely don't get the second.
Interesting.
Think about it. How many times are you like, I got to hire six people. And all of a sudden,
I don't have any time to do what I was supposed to do.
Right.
So it's really about how we look at what I call the sequences and the steps. What's the right
step? So the buyback loop states that whenever you feel pain in your life, okay?
And you don't even have to be an entrepreneur.
You can be just a person working on a team.
First off, you do a time and energy audit.
And that's a two-week review of your calendar.
Really?
Yes.
Because, dude, this is what's crazy.
What does that look like?
Is there a process in there?
Yeah, it's in there.
Yeah, yeah.
It's chapter three?
Chapter three is the buyback loop. And the time and energy audit, yeah's chapter three uh chapter three is the buyback loop and the time and energy audit yeah there it is that's the buyback loop okay
so i teach the whole like calendar review and you highlight things but here's the the philosophy
is right off the bat there's probably things that really um suck your energy that would cost very
little to have somebody else to do yes like even your home, like have a cleaner come in and clean for you.
Hire somebody to do meal prep.
We have meal prep,
even though we have somebody in our home,
we still,
so like there's all these relatively low cost things
and it frees up your energy.
So it's not even about being more productive in time.
It's being able to go from thing to thing to thing
with things that light you up.
So time isn't created to say i don't know
about you lewis but when i was in math class and i looked up at the clock it took forever forever
man school it was like the hour class felt like three hours it was exhausting go to math class
clock clock rings for you for me oh matt or sorry every subject for me oh yeah jim was the only
thing okay so take that one you go to gym the bell rings and all of a sudden an hour is 17 minutes and you're like, Oh, I don't want to leave yet. So time is not created equal in
the sense that the energy that we feel within that time matter. So in the, the time and energy audit,
we look at what we're doing with our time and what things would cost very little to pay somebody else
to do that, that we don't want to do. And we go the next step which is transfer so audit's the first one transfer is the next step once we transfer that stuff the
right way right for what the task how do you people talk about delegation someone else doing
it yes so i teach the camcorder method and i teach the uh the process for documenting things and
and how to do what i call transformational leadership the camcorder method is you filming something everything's showing recorded yeah i don't even create the
sop might be dude on your phone you can actually pull down your control panel and add screen and
voice recordings most of my transfers are yeah so it's in your control panel scroll down yeah
so i have it right here it's this button right here. Yeah.
You see the little one?
Does that record audio though? Dude.
There, that button right there.
Oh, shoot.
Next level.
So it records on the screen.
On the screen.
So I'll hit start recording like that.
And then I'll pull up the app and I'll-
Show someone step-by-step and it's getting impressed.
And I just talk.
I say, I'm going to take the next 26 minutes.
I'm going to walk you through how I process my inbox.
And I go through it or how I think about scheduling my flights
or how I want you to maintain my road bike or whatever the thing is. And then when I'm
done, I hit save, right? I hit stop and I upload it to a shared iCloud folder. It synchronizes in
the background, sends them a notification, and then they create the SOP. They create the process.
That's the key. Why? Because then I can see based on what they created, if they watched the video
and did they get what I was saying.
And if you taught it well.
Yes.
And then if they didn't,
I can either train them up
or I can add some stuff to the process.
So that's how we transfer.
So audit for time and energy,
transfer to other people,
and then fill, ATF.
What's fill?
Fill is the most beautiful part.
Fill is what we've been talking about the whole time.
What are you going to fill your time with?
Fill is literally what we've been talking
from the beginning.
That's why I was loving that we were having this conversation.
Fill is who do I need to become to be able to deal with bigger problems?
Oh.
What do I need to learn?
What value do I need to create?
How do I work with skills?
It's literally don't wish the world is easier, as Jim Rohn says.
Wish that you were better.
Yes.
Who do I need to become to go from $10 problems to $100 problems?
I want billion-dollar problems. Lewis, I want you to have billion-dollar problems10 problems to $100 problems? I want billion dollar problems.
Lewis, I want you to have billion dollar problems, dude.
And they shouldn't be daunting at that level.
No, because you've developed yourselves.
Like it's funny.
One day I called my brother.
I was hiking and we were talking and he goes, how's things?
I said, things are incredible.
And I'm a little worried.
And it was, why is that?
I go, it's not normal.
Like usually at my scale, there's always a thing like a
meaningful puzzle i gotta deal with and he goes well what's going on in your life i said well
there's this this and he laughs he goes dude last year those things would be big things he goes have
you ever considered that maybe you've just evolved where those are now little things i was like oh snap that's that's what happens
is over time the problems puzzles challenges are still there yeah yeah oh they just don't they
don't resonate the first time somebody quits on you on your team it's like somebody just you know
got you in the heart yeah and then it happens you're like okay and then it happens a hundred
times it's a blessing the hundredth time you're like i didn't even like there's no losing sleep it's just exactly yeah they quit or the the
whatever so i think that's what happens is so the fill part for me is the ladder of success and i
think of it through you know skills how do i become more valuable beliefs what are the world
views the money beliefs i have and then what are the character traits that I need to develop, right?
The mental fortitude, toughness, consistency, productivity, like there's character traits.
And that's how we evolve to become better.
And anytime we feel the pain line and we need to scale, we go audit, transfer, fill.
The coolest part about this framework, Lewis, is it works with our team.
So you ever have a team member come to you and they say, I feel overwhelmed.
Yeah. Give them the book, do the process. And by the time they go through it, they'll be like,
I'm good. Okay. I could see where I was spending time on stuff. I shouldn't. I didn't need to be.
Yeah. Yeah. Or things I said yes to, I needed to say no to, or I need to renegotiate timelines,
or I just felt overwhelmed because I didn't have clarity. Most people feel overwhelmed because they don't have clear
direction. This gives them the roadmap and the process to overcome it. And then that's where
we spiral up. That's why it's the buyback loop. Wow. Yeah. Speaking of team, you know, a lot of
people struggle with meetings and I've heard you talk about meetings are a waste of time.
Big waste. Why do you think, do you think people should have meetings with their teams? If so, how should those look like? Or should we eliminate meetings altogether?
I think for most people, if the meeting isn't a scheduled reoccurring meeting,
then it's usually a byproduct of poor communication and leadership. So I can almost
correlate the amount of meetings a company has to their performance as a team and
the more meetings is bad well yeah because if you have a good process for example to review
the strategy decide communicate it to the team review it on a quarterly basis in a cadence
have the measurements in place right goals the metrics
all that stuff yep i have the mission vision values i've got my my metrics i've got my project
management like to the degree you have that built in then the meetings are not really needed they're
there if you have to collaborate which is fine new project or communicate something hey i need this
thing ideation phase when i talk about the 1080 10 rule for sure you need a meeting to do the ideation yeah but
it's not in response to lack or response to something went wrong and i think for a lot of
people their default tool they have one tool in their chest and it's a meeting and again meetings
for me are an indication of poor leadership. My whole philosophy
on leadership- Do you do weekly meetings, like check-in meetings or like scheduled meetings,
I mean, like with the team though? Yeah. So there's different levels. At the bottom level,
let's pretend I was the CEO. I don't believe anybody should have more than five to seven
direct reports. And those five to seven people are the people you've decided that if I want anything
more to happen in my business, I must work through them. It's a big idea. So, so a lot of people,
they, they're like, I want to do this. I want to do that. It's not, can you do it, Lewis? Does your
team have the bandwidth to do it? It's called management bandwidth. So I can only have five
to seven. So when Gary is like, Hey, I have a hard time letting people go,
if he created that constraint,
I bet it would create a forcing function for him to go like,
but I want to go do this other thing, but I don't have the person.
So you don't want to add more.
Because what happens is people get overwhelmed when they have 15, 20 people reporting to them.
So my rule is five to seven.
I work through those people.
Those I have weekly one-on-ones.
So anytime I see anything where it's like, I saw an
email and something happened, I want to give you feedback. I just write it in a Google doc. So I
have a notes, your name, and I just write it down. My weekly meeting, I sit down and we have a format
and I just review it with you. Yeah. Yeah. That's where we do our weekly meetings with certain
people. Yeah. Yeah. Your direct reports. Yeah. Yeah. But that's it. And then, and then if you
lead a department, you'll have a weekly meeting
to review that department's progress.
Got it.
Right?
And if there's a project that you're involved in
from an ideation point,
you might be in that project.
Sure, sure.
But what I encourage people to do
is get the planning done
at the beginning of the year for the year.
And ideally you have a 10-year focus.
Then you do quarterly kind of iterations.
Wow.
And then everything's measured. I mean, the big
difference about how I lead is again, I don't tell people what to do. I teach them. And then
I do what's called transformational leadership versus transactional leadership. So this is,
this is all the entrepreneurs can be like, Oh no, I do that. Here's, here's what that looks like.
Most people do a tell check next loop, tell them what to do, check. They got done. Tell them what
to do next problem with
that is that about 12 employees you hit a ceiling and it hurts yeah because you wake up in the
morning you spend your whole day just trying to make sure everybody else is pulling on the rope
in the right direction what i do instead is a transformational leadership which is i'm very
clear on the outcomes i'm i'm let's say we're going to hike a mountain i'm going to talk about
the top and talk about how it's going to feel i I'm going to talk about where we're going. I'm going to give
you a GPS coordinate that I'm going to do a measurement. Okay. So outcome then measure
here. So I'm going to measure your progress every day. You need to report back how many feet of
elevation gain you've made that day. We're hiking a mountain at the end of the, every day, each
person reports back how far they've gone. Yeah. How many feet? Wow. And that's the feedback loop.
Why? Cause it lets them know if they're making progress. They know, did I do better today than
yesterday? Cool. You have one day, like, I think most businesses just don't have a measurement for
each person on the team. So now you're going to report. And if there's a huge deficit, the third
step is coach. See what I find fascinating is the amount of coaches that I work with that have
training companies that are, that are, you know, really good at teaching that don't coach their team. Wow. It's fascinating. They'll spend 98% of their time
in their calendar with clients, zero working on actually developing the skill. So the coach
framework I teach, yeah, it's anytime, like if somebody made a hundred feet elevation, a hundred
feet, and then they had two, I'd write that down. I'd sit down and be like, Hey, I noticed you only
did two feet of elevation. And what going on? Well well i got off track and ended up down a ravine
interesting then i use the 131 rule which is what's the one problem the three solutions potential
solutions and what's the one recommendation you have not what you want me to give never i lewis i
heard once a guy said if you want to be rich be lazy if you want to be wealthy be incompetent
my job is to not give people answers to the test because I robbed them from the opportunity to
learn. So when I coached them, I asked them, Hey, I noticed you only went two feet yesterday.
What do you think happened? Well, I ended up going off track. Cool. What are three options
of not going off track? Well, I probably could have followed somebody. I probably could have
bought a map. I could have done this. And I said, sounds great. Those are all good options. They're all good. Which one do you want to do?
I'm going to probably buy a map. Sounds like a good idea. So what happens is over time,
that transformational leadership approach allows you to develop people so that you don't become
the bottleneck. The reason they call it a bottleneck is because it's at the top. Again,
most people build businesses they grow to hate because they don't know a different way of leading and creating and training so that the bigger they grow, the more time it takes.
My philosophy is the bigger it gets, the more time you get back.
Wow.
Yeah. I mean, it's the funnest thing to show people because once they see it, it's like so
logical. If I'm always hiring people to buy back time out of my calendar, it's impossible for me
to get to a place where I feel overwhelmed.
You should have more time every time you hire.
Every time you hire, the rule is start with the calendar, audit it.
Okay, here's the bucket of things.
That's the only people I'm going to hire to buy back that time.
Things that I didn't want to do in the first place that don't make me a lot of money.
Then I transfer it.
Then I fill my calendar with things that make me money.
I enjoy doing that develop me so that I become more. So it's kind of awesome that you've seen
me do it for a decade. This is literally how I do it. I love it, man. This is awesome. I could
ask you a lot more questions around this, but I want people to get the book, buy back your time,
get unstuck, reclaim your freedom and build Build Your Empire by my man Dan Martell.
Make sure you guys check this out.
Get a few copies for some friends also.
This will be a game changer for anyone.
And I think, again, people want to feel free.
They want to feel light.
And it's hard to feel free if you're stuck doing too many things you don't want to do.
And you're not evolving beyond that.
And there's always going to be a season, or maybe this is a limiting belief, but I've been through many seasons of like, oh, I don't have the skills. I've got to go do something that's going to take
time and energy at a rate that I wish I was making more at to go develop skills until I get to the
next level. You know, I was a truck driver. I was mowing lawns. I was doing all these different
things. I was like, that's not what I want to be doing, but I've got to keep developing the value
within me, the skill set, filling up my time, wherever I can get it to get more skills to
then go showcase my value and exchange it for some type of money that I want.
Right.
So I think this has been a beautiful conversation.
I love this concept of kind of knowing your worth, but also understanding your value because
everyone can say I'm worth this, but unless the market wants that value and is willing to pay for that value,
you're worth what you're getting, I guess, right? Yeah. So there's a difference there.
Where can we follow and support you the most? Instagram is my favorite. It's just like,
Instagram is my favorite as you know it's just like I give away every my plan is to die empty right I want to die give it all away a lot of people that read the book are always asking about
like how to manage your executive assistant uh-huh so I'll do something for your audience only Lewis
if they if you guys message me follow me on Instagram message me Lewis I'll send them direct
link no opt-in no nothing to my google doc sanitized for my internal standard operating
procedure for working with my assistant i think it's like 42 page ask and to clean it up so just
for this audience message me lewis ea i'll then know and i'll send it to you over on instagram
damn martel on two l's and martel damn martel on instagram and damn martel on youtube and all
platforms and yeah i mean the the big thing I want people to understand,
I kind of call them the three universal truths,
is I think the biggest way for us to become more values, we talk about worthiness,
is first off, realize that we become what we talk about.
So people talk about visualization.
The problem with visualization is that a lot of people visualize big dreams they don't we talk about. So people talk about visualization. The problem is visualization is
that a lot of people visualize big dreams they don't tell anybody about. So you talk your future
into existence. That's a big, that's a big, like for me, that's why I've always shared. These are
my goals is my visions, what I'm doing. Number two is I think that we will receive what we desire
for others.
Think about that.
When we talk about money, if you want to be wealthy,
I know how to do it.
Go help other people become rich. Right.
If you don't want your boss to become rich,
you might have a money mindset problem
because you will receive what you desire for others.
And the third one, especially as it pertains about worth
and the concepts in the book,
is that the work instills the worth. The work instills the worth. When I had no self-worth,
when I was a teenager trying to figure out my way in life, all I knew is that if I could just show
up and do the work, be consistent, right? Because I think confidence is eaten away when we're not
keeping the commitments we make to ourselves in private. the work instills the self-worth yes and you can't think your way to that it's a doing
it's proof when i show up and i and i'm consistent for 45 days 60 days lewis when you've done this
podcast for so long the work instills the worth. Like the belief's there.
Every week for 11 years.
Those are the three universal truths.
I think that if people would consider,
it would just transform their whole mindset and perspective.
And weren't you in jail for a period of time?
I did, man.
Yeah.
I got a trial in juvie.
Well, I know that's what we connected earlier
with your brother's story.
Yeah, I ended up-
How old were you?
I was 15 the first time, 16 the second time.
I don't know why I'm laughing,
but it's not funny really, but-
It's crazy, dude.
I'm just curious, what is the, you know,
what I love about your story and my brother as well,
the cool thing, my brother went to prison
for four and a half years.
Yeah, I think when you were eight, right?
Yeah, eight to 12.
Yeah.
And one of the coolest things
and the thing that I'm really happy for him is last month, after 27 years of him being out, he got pardoned by the state of Ohio.
The governor gave him like a full forgiveness pardon and everything.
And it's cool to see that we can make mistakes or go through dark times and still have a life of success and fulfillment if we put in the
work, if we're willing to reshape our story, our identities, our actions. And so I just want to
acknowledge you for the constant journey you've been on because you could have gone down a much
darker path twice in juvie. I don't know how long you were there for, a few months each time?
You could have kept making those decisions based on a belief and a story that you were worthless or not good enough or bad or wrong
or whatever it was but you have decided continually to upgrade those beliefs and be of service to
others so i want to acknowledge you for that my man it's it's beautiful to watch i wish you lived
in la so we could hang out more but but now you got your jets. You can come
down anytime. So I just want to acknowledge you for the service, man. It's cool to watch you put
yourself out there more and share this wisdom with the world in such a way where you understand
processes and also you can teach it so people can consume it and understand it and make it easier.
Because some of these concepts can seem daunting to understand and to implement.
But with your book, you give people the tools, the processes, the frameworks, and the stories
on how to take these kind of baby steps and grow beyond these old beliefs.
So I acknowledge you for that.
Appreciate you.
Final question for you, because you shared my three truths question already.
My final question.
Oh, it's true.
I'm sorry.
You just went right into it, which is great. What is your definition of greatness? Such a great question. You know,
I still remember the call when you'd bought greatness.com. Really? I do. I remember where
I was at. What did I say? I was asking what was new and you were all excited. There was a bunch
of stuff. I think he just finished doing a big photo shoot with Nick. And he said, hey, dude. And I also bought greatness.com.
And I said, I remember thinking, oh, that's a big dog move.
That's a big move.
You know what I mean?
That was a nobody in our space was doing that kind of stuff.
And I was just so proud of you.
I was just like, yeah, Lewis, like, let's go.
I remember Noah Kagan got like sumo.com.
Yeah.
Before that, I think. and i was like i need
to do something i need to own like more than my name a word more than just my name which i was
like i can't really can i go so far with that and it's limited by me but owning a word is like and
did you ever do that dude the book i mean it it's awesome. I read your last book and it was, I love that book.
You wrote an incredible book. Thank you. I think greatness is very simple, is that are people
better after having you around them? If you look around the people you spend time with,
are they better for having you in their life? If that's true, that's greatness.
My man. Dan, appreciate you, brother oh honor thanks man i hope you enjoyed today's episode and it inspired you on
your journey towards greatness make sure to check out the show notes in the description for a full
rundown of today's episode with all the important links and if you want weekly exclusive bonus
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And now it's time to go out there and do something great.