WEBVTT 1 00:00:00.000 --> 00:00:02.800 You have to prioritize being rich, which means spending less. 2 00:00:02.800 --> 00:00:05.840 Because you were not valuing the opinion of other people over your own, 3 00:00:05.840 --> 00:00:10.080 which because you respect your own approval more than that of other people. 4 00:00:10.080 --> 00:00:13.920 You have to be willing to die to the opinion of others rather than dying to the opinion of yourself. 5 00:00:15.040 --> 00:00:17.360 Welcome to the game where we talk about how to get more customers, 6 00:00:17.360 --> 00:00:19.360 how to make more customers, how to keep them longer, 7 00:00:19.360 --> 00:00:21.840 and the many failures and lessons we have learned along the way. 8 00:00:21.840 --> 00:00:23.120 I hope you enjoy and subscribe. 9 00:00:24.640 --> 00:00:28.560 I'm going to talk to you about the 28 ways to stay poor. 10 00:00:28.560 --> 00:00:31.600 And the reason I'm framing it that way is because Charlie Munger, 11 00:00:31.600 --> 00:00:38.160 my personal hero, had a seminal talk that he gave multiple times on how to live a miserable life. 12 00:00:38.160 --> 00:00:42.560 And the reason he gives it that way is that he believes in a process called inversion thinking, 13 00:00:42.560 --> 00:00:44.800 which is where you solve problems in reverse. 14 00:00:44.800 --> 00:00:47.040 So, for example, if you want to have a good marriage, 15 00:00:47.040 --> 00:00:49.440 rather than asking the question, how do I have a good marriage, 16 00:00:49.440 --> 00:00:51.920 you ask the question, how would it destroy my marriage? 17 00:00:51.920 --> 00:00:53.840 And then you list out all the ways to destroy your marriage, 18 00:00:53.840 --> 00:00:55.760 and then you do the exact opposite of that. 19 00:00:55.840 --> 00:00:58.800 And what's interesting is that our brains are much better at finding problems 20 00:00:58.800 --> 00:01:00.080 than they are finding solutions. 21 00:01:00.080 --> 00:01:03.120 And so what we do is we harness this innate ability that we have 22 00:01:03.120 --> 00:01:06.800 to find the problems, and then after finding every possible problem, 23 00:01:06.800 --> 00:01:08.800 we can imagine every threat imaginable, 24 00:01:08.800 --> 00:01:11.120 which evolutionarily we were designed to look for, 25 00:01:11.120 --> 00:01:13.760 then flip that in reverse to find our solutions. 26 00:01:13.760 --> 00:01:14.240 All right? 27 00:01:14.240 --> 00:01:16.560 And this is a process of thinking that I've applied to business, 28 00:01:16.560 --> 00:01:17.440 I've applied it to, 29 00:01:17.440 --> 00:01:19.280 marriage I've applied to a lot of different aspects of my life, 30 00:01:19.280 --> 00:01:20.800 and I would encourage you to do it as well. 31 00:01:20.800 --> 00:01:23.360 I'll talk to you about the 28 ways to stay poor. 32 00:01:23.440 --> 00:01:25.040 All right, and if you don't know who I am, my name's Dr. Mosy. 33 00:01:25.040 --> 00:01:26.320 I own acquisition.com. 34 00:01:26.320 --> 00:01:28.320 It's a portfolio of companies that is over $100 million a year. 35 00:01:28.320 --> 00:01:30.400 I make these videos because I have a lot of fun doing it, 36 00:01:30.400 --> 00:01:33.120 and I hope you enjoy them as much as I enjoy making them for you. 37 00:01:33.120 --> 00:01:36.320 All right, so the first and best way to stay poor 38 00:01:36.320 --> 00:01:37.520 is to start tomorrow. 39 00:01:37.520 --> 00:01:38.800 So whatever it is that you want to do, 40 00:01:38.800 --> 00:01:41.120 whether it's losing weight, saving money, 41 00:01:41.120 --> 00:01:42.400 starting that business, whatever it is, 42 00:01:42.400 --> 00:01:44.480 is to start tomorrow, all right? 43 00:01:44.480 --> 00:01:48.480 So that's the best thing you can do to stay poor is to start tomorrow, okay? 44 00:01:48.480 --> 00:01:52.400 The next one is to read lots of books and then do nothing, 45 00:01:52.480 --> 00:01:53.520 all right, because it's one of the, you know, 46 00:01:53.520 --> 00:01:54.800 lots of people talk about reading books, 47 00:01:54.800 --> 00:01:56.960 and I see people all the time that I've seen for years 48 00:01:56.960 --> 00:01:58.240 in the exact same position posting every... 49 00:01:58.240 --> 00:01:59.840 Oh, yeah, I'm reading 52 books this year. 50 00:01:59.840 --> 00:02:01.120 That's why I'm a commitment. 51 00:02:01.120 --> 00:02:02.240 Instead of reading 52 books, 52 00:02:02.240 --> 00:02:05.680 maybe just read one book and actually do something about it. 53 00:02:05.680 --> 00:02:06.400 Crazy, I know. 54 00:02:07.040 --> 00:02:12.000 Number three, take advice from poor people on how to be rich, all right? 55 00:02:12.000 --> 00:02:13.520 So think about that for a second. 56 00:02:13.520 --> 00:02:16.480 A lot of us surround ourselves, or at least I did when I was starting out, 57 00:02:16.480 --> 00:02:19.120 surround ourselves with people who are very poor, 58 00:02:19.120 --> 00:02:22.240 and we listen to their advice on how to be rich, 59 00:02:22.240 --> 00:02:24.400 and they have no idea what they are doing. 60 00:02:24.400 --> 00:02:28.480 And we also listen to their judgment on why our idea is stupid, 61 00:02:28.480 --> 00:02:30.000 even though they are poor. 62 00:02:30.000 --> 00:02:31.600 So what would they know, right? 63 00:02:31.600 --> 00:02:33.920 So number three, take advice from poor people on how to be rich. 64 00:02:34.640 --> 00:02:36.160 Number four, this is a big one. 65 00:02:36.720 --> 00:02:40.480 Pick a spouse who will make you feel guilty for working, all right? 66 00:02:40.480 --> 00:02:43.520 So you have your dreams, you have these things you want to pursue, 67 00:02:43.520 --> 00:02:45.440 but this person is saying you shouldn't do that, 68 00:02:45.440 --> 00:02:47.680 you need to be doing x, y, and z, blah blah blah blah, 69 00:02:47.680 --> 00:02:50.640 and then you feel like you need to compromise your dreams to that person. 70 00:02:50.640 --> 00:02:54.000 The problem is that you put your power of your destiny in their hands, 71 00:02:54.000 --> 00:02:56.960 and you're asking for permission instead of support, right? 72 00:02:56.960 --> 00:02:58.640 Because at the end of the day, if you don't accomplish your dreams, 73 00:02:58.640 --> 00:03:00.240 and you did it because of them, 74 00:03:00.240 --> 00:03:02.960 who do you think you're going to resent, right? 75 00:03:02.960 --> 00:03:05.360 So you owe it to yourself and you owe it to your marriage, 76 00:03:05.360 --> 00:03:08.800 to a, pick people who are going to support you in your dreams, 77 00:03:08.800 --> 00:03:10.880 even if they don't necessarily agree, right? 78 00:03:10.880 --> 00:03:13.680 But more easily, not put your power on somebody else. 79 00:03:14.480 --> 00:03:18.320 Number five, fail once, quit forever, all right? 80 00:03:18.320 --> 00:03:21.520 So as soon as you do actually start to decide doing something, 81 00:03:21.520 --> 00:03:23.760 you fail immediately and say, oh, I guess this isn't for me. 82 00:03:23.760 --> 00:03:24.960 I guess success isn't for me. 83 00:03:24.960 --> 00:03:25.920 I guess business isn't for me. 84 00:03:25.920 --> 00:03:26.720 I guess sales isn't for me. 85 00:03:26.720 --> 00:03:30.400 I guess whatever the thing is isn't for me because you failed once. 86 00:03:30.400 --> 00:03:33.280 But it's because we have an, we have an incorrect view of failure, right? 87 00:03:33.280 --> 00:03:35.120 Because failure is a necessary part, 88 00:03:35.120 --> 00:03:36.640 and the things is you learn from failure. 89 00:03:36.640 --> 00:03:38.720 And so it's either you learn or you learn, right? 90 00:03:38.720 --> 00:03:41.760 But that is the fifth thing you want to do if you want to stay poor forever. 91 00:03:42.320 --> 00:03:44.720 Number six is think that the world is fair. 92 00:03:44.720 --> 00:03:46.800 So a lot of us, especially me earlier on, 93 00:03:46.800 --> 00:03:47.680 like, I would complain. 94 00:03:47.680 --> 00:03:48.960 I'd be like, that's not fair. 95 00:03:48.960 --> 00:03:49.520 This is fair. 96 00:03:49.520 --> 00:03:51.760 It shouldn't be this way, blah, blah, blah, blah. 97 00:03:51.760 --> 00:03:54.640 And the thing is, is that all that complaining that I did did nothing. 98 00:03:54.640 --> 00:03:57.600 At all, whatsoever, did nothing. 99 00:03:57.600 --> 00:04:02.160 And so the thing is, there's no activity that comes from blaming your circumstances, 100 00:04:02.160 --> 00:04:06.320 which just so happens to be the seventh one of how does they put 101 00:04:06.320 --> 00:04:09.680 was blame your circumstances and complain, all right? 102 00:04:09.680 --> 00:04:12.000 Complaining about things that you cannot control. 103 00:04:12.560 --> 00:04:15.440 And the thing is, is like, these sound so obvious. 104 00:04:15.440 --> 00:04:17.360 But think about these in reverse again. 105 00:04:17.360 --> 00:04:19.920 So if the, if the contrary of thinking the world is fair, 106 00:04:19.920 --> 00:04:22.240 is assume the world is unfair. 107 00:04:22.240 --> 00:04:23.680 And then act accordingly. 108 00:04:24.560 --> 00:04:26.320 Instead of blaming your circumstances, 109 00:04:26.320 --> 00:04:30.480 you think your circumstances for who you are and what they gave you, right? 110 00:04:30.480 --> 00:04:33.120 You are who you are because of the shit you have gone through, right? 111 00:04:33.120 --> 00:04:35.120 There's a, there's a saying, your message, your message. 112 00:04:35.120 --> 00:04:37.440 And I think it's a very, it's a very beautiful saying, 113 00:04:37.440 --> 00:04:42.480 because how sad would it be to wish to have a life of ease and comfort? 114 00:04:42.480 --> 00:04:45.120 Because strong character is built through hard times. 115 00:04:45.680 --> 00:04:47.520 And so if we want to have strong character, 116 00:04:47.520 --> 00:04:52.320 we basically must have a hard life for periods of time or for seasons. 117 00:04:52.320 --> 00:04:54.800 And so we can't lament the thing that creates the outcome. 118 00:04:54.800 --> 00:04:59.600 You can't lament the heat and the beating of the hammer to strengthen the steel, right? 119 00:04:59.600 --> 00:05:00.800 They go hand in hand. 120 00:05:00.800 --> 00:05:02.880 And so we just have to accept them for what they are. 121 00:05:02.880 --> 00:05:07.120 And as for complaining, I think you can just accept and move on, right? 122 00:05:07.120 --> 00:05:09.040 So number nine, I covered three there. 123 00:05:09.040 --> 00:05:12.240 Number nine, expect the government to save you, all right? 124 00:05:12.240 --> 00:05:13.520 That's a great way to stay poor. 125 00:05:13.520 --> 00:05:16.800 Expect the government to save you or even say expect other people to save you. 126 00:05:16.800 --> 00:05:19.520 And then reality is no one's going to save you except for you. 127 00:05:19.520 --> 00:05:22.880 And a lot of times many people have spent their entire lives waiting around 128 00:05:22.880 --> 00:05:26.080 for someone to save them and still stay poor. 129 00:05:26.960 --> 00:05:30.640 Number 10, value the opinion of others over your own. 130 00:05:30.640 --> 00:05:33.120 It's an excellent way to stay poor, all right? 131 00:05:33.120 --> 00:05:35.680 You think everyone else's opinions matter more than yours. 132 00:05:35.680 --> 00:05:37.920 And I'll give you a secret that it took me, you know, 133 00:05:37.920 --> 00:05:40.800 making a lot of money to then realize, which is, 134 00:05:40.800 --> 00:05:42.960 you are successful the moment you say you are. 135 00:05:43.760 --> 00:05:44.640 Crazy, right? 136 00:05:44.640 --> 00:05:48.400 Like you are successful the moment that you decide you are successful. 137 00:05:48.400 --> 00:05:50.720 There are people who are billionaires, you don't feel like they're successful. 138 00:05:50.720 --> 00:05:53.040 And there are people who have almost a money 139 00:05:53.040 --> 00:05:55.040 and absolutely think that they're an amazing success. 140 00:05:55.040 --> 00:05:56.720 And the thing is that they are both right. 141 00:05:57.600 --> 00:05:59.120 It's our choice, right? 142 00:05:59.120 --> 00:06:01.520 And I can promise you that if you try and give yourself a number, 143 00:06:01.520 --> 00:06:02.720 you will just move the goalpost. 144 00:06:02.720 --> 00:06:05.120 I promise you that from the depth of my soul, 145 00:06:05.120 --> 00:06:07.680 you will move the number and make something else the new goal. 146 00:06:07.680 --> 00:06:11.360 And once that, once I am rich, then whatever, right? 147 00:06:11.360 --> 00:06:12.800 But it's a when-then fallacy. 148 00:06:12.800 --> 00:06:14.240 It doesn't, it's not true. 149 00:06:14.240 --> 00:06:16.800 So you can accept and you can become successful today, 150 00:06:16.800 --> 00:06:18.560 because if you look at yourself compared to people 151 00:06:18.560 --> 00:06:20.960 in a much worse off scenario, 152 00:06:20.960 --> 00:06:22.560 they would love to have your life. 153 00:06:22.560 --> 00:06:24.880 And so you just need to decide for yourself 154 00:06:24.880 --> 00:06:25.760 if you are successful. 155 00:06:25.760 --> 00:06:28.160 The thing is the success is a process rather than an outcome. 156 00:06:28.160 --> 00:06:31.360 And so you can be successful in that you are living your values of pursuit. 157 00:06:32.240 --> 00:06:34.800 That can mean success if you choose to define that way. 158 00:06:34.880 --> 00:06:36.800 So number 11, 159 00:06:37.600 --> 00:06:41.360 way to stay poor, avoid discomfort, all right? 160 00:06:41.360 --> 00:06:43.200 A lot of us, you know, we have new things, 161 00:06:43.200 --> 00:06:44.720 you have to take risks, you have to learn things, 162 00:06:44.720 --> 00:06:46.640 and it's uncomfortable because you will suck, right? 163 00:06:46.640 --> 00:06:47.600 Of course you will suck. 164 00:06:47.600 --> 00:06:48.640 It's normal to suck, 165 00:06:48.640 --> 00:06:51.760 but people avoid discomfort because they don't want to go through that. 166 00:06:51.760 --> 00:06:53.040 And it's so silly. 167 00:06:53.040 --> 00:06:56.000 The discomfort that they're feeling is the judgment they impose upon themselves 168 00:06:56.000 --> 00:06:57.760 about not being good, it's something they'd never done before. 169 00:06:58.400 --> 00:06:59.520 How insane is that? 170 00:07:00.400 --> 00:07:00.800 Barry. 171 00:07:01.680 --> 00:07:03.920 And that's why humans aren't also kind of insane. 172 00:07:04.000 --> 00:07:06.960 When you think about the things that we do and the things that we think, right? 173 00:07:06.960 --> 00:07:10.800 And so great way to stay poor is to avoid discomfort of all kinds, right? 174 00:07:10.800 --> 00:07:12.400 You also guarantee the number one discomfort, 175 00:07:12.400 --> 00:07:14.080 which is that you don't accomplish what you want in your life. 176 00:07:14.880 --> 00:07:16.160 12, how to stay poor. 177 00:07:16.160 --> 00:07:19.760 Tolerate mediocrity from yourself and others. 178 00:07:19.760 --> 00:07:21.680 All right, so as you start to grow, 179 00:07:21.680 --> 00:07:24.000 if you're growing, you know, a small business, 180 00:07:24.000 --> 00:07:25.840 or even in the workplace, 181 00:07:25.840 --> 00:07:28.240 if you tolerate mediocrity from others, 182 00:07:28.240 --> 00:07:30.000 you will be get more mediocrity. 183 00:07:30.000 --> 00:07:33.360 And people over time will just degrade and get worse and worse over time. 184 00:07:33.360 --> 00:07:35.280 Rather than the reverse of that, 185 00:07:35.280 --> 00:07:37.520 of thinking like, I will only tolerate excellence. 186 00:07:37.520 --> 00:07:39.760 And anything below that is intolerable. 187 00:07:39.760 --> 00:07:42.080 If you think about the best leaders and the best CEOs, 188 00:07:42.080 --> 00:07:43.360 and the most successful people of all time, 189 00:07:43.360 --> 00:07:45.600 they have this innate trait, right? 190 00:07:45.600 --> 00:07:47.680 For lack of literature, they're ballbusters, right? 191 00:07:47.680 --> 00:07:50.560 They hold a standard that, and here's the catch, 192 00:07:50.560 --> 00:07:52.640 that they themselves stay above, 193 00:07:52.640 --> 00:07:56.080 which means you must raise your own standard so that you can model 194 00:07:56.080 --> 00:07:59.680 what it looks like for other people around you to hold themselves, right? 195 00:07:59.680 --> 00:08:01.360 The best, like most people don't need to be let. 196 00:08:01.360 --> 00:08:02.240 Most people need a model. 197 00:08:02.960 --> 00:08:04.480 And they can see that, right? 198 00:08:04.480 --> 00:08:06.320 And you're, you're leading by example. 199 00:08:06.960 --> 00:08:08.960 And so, best thing to do to stay poor, 200 00:08:08.960 --> 00:08:10.880 tolerate mediocrity from yourself and others. 201 00:08:10.880 --> 00:08:13.600 13, how to stay poor. 202 00:08:13.600 --> 00:08:15.840 Make promises, break promises. 203 00:08:16.800 --> 00:08:18.000 So you make promises to yourself, 204 00:08:18.000 --> 00:08:19.280 make promises to other people, 205 00:08:19.280 --> 00:08:21.120 and you destroy your reputation with other people. 206 00:08:21.120 --> 00:08:21.920 And that's a terrible thing. 207 00:08:21.920 --> 00:08:23.360 And it takes a long time to fix that. 208 00:08:23.360 --> 00:08:24.800 But the one that's the hardest one to fix 209 00:08:24.800 --> 00:08:27.280 is the reputation you have with yourself, right? 210 00:08:27.280 --> 00:08:28.480 You make promises to yourself, 211 00:08:28.480 --> 00:08:29.840 and you break promises to yourself. 212 00:08:29.840 --> 00:08:31.440 Because the thing is that you were the only one 213 00:08:31.440 --> 00:08:32.640 who's holding you accountable. 214 00:08:32.640 --> 00:08:35.520 And I think a different version of happiness, 215 00:08:35.520 --> 00:08:38.000 in my opinion, is respect for oneself. 216 00:08:38.000 --> 00:08:40.000 And I think your own respect is the hardest to earn, 217 00:08:40.000 --> 00:08:42.160 because you know how hard you could have pushed. 218 00:08:42.160 --> 00:08:44.880 You know if you could have gone for an extra mile. 219 00:08:44.880 --> 00:08:46.560 You could have showed up to the gym more times. 220 00:08:46.560 --> 00:08:47.760 You could have eaten better. 221 00:08:47.760 --> 00:08:48.960 You could have made more pull calls. 222 00:08:48.960 --> 00:08:50.000 You could have done more reachouts. 223 00:08:50.000 --> 00:08:51.280 You could have made more content. 224 00:08:51.280 --> 00:08:54.400 You could have actually left a nice note for somebody on your team 225 00:08:54.400 --> 00:08:56.560 when you were too tired to do so. 226 00:08:56.560 --> 00:08:58.160 You could have over-delivered on the product. 227 00:08:58.160 --> 00:09:00.160 You could have made a better version of that video 228 00:09:00.240 --> 00:09:01.360 and you decided to put it up anyways. 229 00:09:01.360 --> 00:09:03.600 Even though you knew it wasn't as good as it could have been. 230 00:09:03.600 --> 00:09:06.000 And so you make promises to yourself, 231 00:09:06.000 --> 00:09:07.280 and then you break promises to yourself, 232 00:09:07.280 --> 00:09:08.440 and you lose respect in the process. 233 00:09:08.440 --> 00:09:10.960 It's an excellent way to stay poor. 234 00:09:10.960 --> 00:09:13.880 Number 14, wait for perfect conditions. 235 00:09:13.880 --> 00:09:14.920 All right, this is a great one. 236 00:09:14.920 --> 00:09:18.400 Great way to stay poor is one of my favorites. 237 00:09:18.400 --> 00:09:19.720 You've got to wait for everything 238 00:09:19.720 --> 00:09:22.240 to be perfectly aligned for you to be successful. 239 00:09:22.240 --> 00:09:23.720 And here's the secret. 240 00:09:23.720 --> 00:09:26.320 There are never gonna be perfect conditions. 241 00:09:26.320 --> 00:09:28.240 And here's what's even crazier. 242 00:09:28.240 --> 00:09:30.600 If you need perfect conditions to be successful, 243 00:09:30.600 --> 00:09:32.240 the moment the conditions change, 244 00:09:32.240 --> 00:09:33.760 you will stop being successful. 245 00:09:33.760 --> 00:09:35.360 So you might as well start when the conditions 246 00:09:35.360 --> 00:09:37.120 are absolutely worst because it means 247 00:09:37.120 --> 00:09:38.440 that they will only get better from there. 248 00:09:38.440 --> 00:09:41.400 And if you can prove success when things get bad, 249 00:09:41.400 --> 00:09:44.000 when they get bad again, which is guaranteed, 250 00:09:44.000 --> 00:09:45.200 you will still remain successful 251 00:09:45.200 --> 00:09:47.760 because you have learned how to do it in this time, 252 00:09:47.760 --> 00:09:49.280 in this circumstance. 253 00:09:49.280 --> 00:09:50.520 Makes sense? 254 00:09:50.520 --> 00:09:51.360 Great reason. 255 00:09:51.360 --> 00:09:53.120 Do not wait for perfect conditions. 256 00:09:54.160 --> 00:09:57.760 15, prioritize looking rich over being rich. 257 00:09:57.760 --> 00:10:01.040 This is the classic one of poor folks in general, right? 258 00:10:01.040 --> 00:10:03.240 I get the loving amount of troll comments 259 00:10:03.240 --> 00:10:05.000 that I get from the fact that I'm in my mom's basement 260 00:10:05.000 --> 00:10:07.560 and wearing a wife beater and wearing a no-strip, right? 261 00:10:07.560 --> 00:10:10.720 Must mean that I am poor, of course, right? 262 00:10:10.720 --> 00:10:13.800 Because you confuse looking rich with being rich, right? 263 00:10:13.800 --> 00:10:14.640 Just silly. 264 00:10:14.640 --> 00:10:17.040 You can just Google my name and just put private equity 265 00:10:17.040 --> 00:10:18.920 at gym launch and American Pacific group 266 00:10:18.920 --> 00:10:21.000 and you can see what we sold to our businesses for. 267 00:10:21.000 --> 00:10:24.840 All right, so the point is, the point is, 268 00:10:24.840 --> 00:10:26.160 you have to prioritize being rich, 269 00:10:26.160 --> 00:10:28.800 which means spending less for a long period of time 270 00:10:28.800 --> 00:10:30.360 because you were not valuing the opinion 271 00:10:30.360 --> 00:10:33.120 of other people over your own, which because you respect 272 00:10:33.120 --> 00:10:36.040 your own approval more than that of other people. 273 00:10:36.040 --> 00:10:38.320 You have to be willing to die to the opinion of others 274 00:10:38.320 --> 00:10:40.520 rather than dying to the opinion of yourself. 275 00:10:40.520 --> 00:10:41.680 And I mean that. 276 00:10:41.680 --> 00:10:42.800 It's real shit. 277 00:10:42.800 --> 00:10:44.200 Stop trying to look rich. 278 00:10:44.200 --> 00:10:46.560 Be willing to look poor, all right? 279 00:10:46.560 --> 00:10:48.120 And I know that's contrary to like dress the part 280 00:10:48.120 --> 00:10:49.480 and all that stuff, but like the thing is, 281 00:10:49.480 --> 00:10:52.640 is like, you gotta be real to you 282 00:10:52.640 --> 00:10:54.520 or you'll be real to no one. 283 00:10:54.520 --> 00:10:55.720 That's a promise. 284 00:10:55.720 --> 00:10:56.640 All right. 285 00:10:56.640 --> 00:11:00.280 Number 16, avoid working on what matters most. 286 00:11:00.280 --> 00:11:02.280 All right, this is a great way to stay poor. 287 00:11:02.280 --> 00:11:04.680 Is that you work all day long, you're busy, 288 00:11:04.680 --> 00:11:07.440 you're full of activity, you're doing stuff 289 00:11:07.440 --> 00:11:09.840 and nothing important moves forward 290 00:11:09.840 --> 00:11:13.160 because the nature of speed is not about activity. 291 00:11:13.160 --> 00:11:14.400 The people who are the richest in the world 292 00:11:14.400 --> 00:11:16.240 aren't doing the most stuff, right? 293 00:11:16.240 --> 00:11:17.400 They're doing the right stuff, right? 294 00:11:17.400 --> 00:11:19.200 They're making sure, better stated, 295 00:11:19.200 --> 00:11:21.040 making sure the right stuff gets done in general, 296 00:11:21.040 --> 00:11:23.600 whether or not it's them or someone else, all right? 297 00:11:23.640 --> 00:11:26.000 And so it's looking at the many things 298 00:11:26.000 --> 00:11:29.640 that you can or could do and picking the very few 299 00:11:29.640 --> 00:11:31.120 that are the ones that move the needle the most 300 00:11:31.120 --> 00:11:33.240 and typically they're the ones that you do not want 301 00:11:33.240 --> 00:11:34.920 to do and you are procrastinating on. 302 00:11:34.920 --> 00:11:36.520 And you can probably eliminate all the stuff 303 00:11:36.520 --> 00:11:39.760 that give you the mental masturbation of getting stuff done 304 00:11:39.760 --> 00:11:42.920 without actually moving the ball forward towards your goals. 305 00:11:42.920 --> 00:11:45.080 So it's a great way to stay poor. 306 00:11:45.080 --> 00:11:47.840 It's just keep doing stuff that does not matter. 307 00:11:47.840 --> 00:11:50.600 17, say you're going to do something 308 00:11:50.600 --> 00:11:51.480 and then don't do it. 309 00:11:51.480 --> 00:11:53.040 This is just like making and breaking promises 310 00:11:53.080 --> 00:11:56.960 to others and self, but this one is actually just like that. 311 00:11:56.960 --> 00:11:58.040 So take that. 312 00:11:58.040 --> 00:12:00.920 18, this is a really good one. 313 00:12:00.920 --> 00:12:03.960 Great way to stay poor is do what everyone else is doing, right? 314 00:12:03.960 --> 00:12:06.360 Because if you're doing what everyone else is doing, 315 00:12:06.360 --> 00:12:08.160 most people are not in the 1%, 316 00:12:08.160 --> 00:12:09.200 if you want to be in the 1%, 317 00:12:09.200 --> 00:12:11.800 you can't do what 99% of people are doing, 318 00:12:11.800 --> 00:12:13.240 which is hard for people, 319 00:12:13.240 --> 00:12:14.840 which is why you can't value their opinions 320 00:12:14.840 --> 00:12:17.120 because again, talking to poor people 321 00:12:17.120 --> 00:12:19.840 about how to get rich is a great way to stay poor, right? 322 00:12:19.840 --> 00:12:20.680 They have no idea. 323 00:12:20.800 --> 00:12:23.600 And so you can't look for their approval 324 00:12:23.600 --> 00:12:26.760 on what you are doing or model what everyone else is doing 325 00:12:26.760 --> 00:12:28.480 because everyone else is poor. 326 00:12:28.480 --> 00:12:29.400 Why model them? 327 00:12:31.280 --> 00:12:32.480 Real quick guys, you guys already know 328 00:12:32.480 --> 00:12:34.440 that I don't run any ads on this 329 00:12:34.440 --> 00:12:35.760 and I don't sell anything. 330 00:12:35.760 --> 00:12:37.600 And so the only ask that I can ever have 331 00:12:37.600 --> 00:12:38.960 if you guys that you help me spread the word 332 00:12:38.960 --> 00:12:40.480 so we can have more entrepreneurs, 333 00:12:40.480 --> 00:12:42.200 make more money, feed their families, 334 00:12:42.200 --> 00:12:44.600 make better products and have better experiences 335 00:12:44.600 --> 00:12:46.200 for their employees and customers. 336 00:12:46.200 --> 00:12:49.200 The only way we do that is if you can rate and review 337 00:12:49.240 --> 00:12:50.680 and share this podcast. 338 00:12:50.680 --> 00:12:52.000 So the single thing that I have to do, 339 00:12:52.000 --> 00:12:53.240 is you can just leave a review, 340 00:12:53.240 --> 00:12:55.200 if I take 10 seconds or one type of the thumb, 341 00:12:55.200 --> 00:12:56.480 it would be the absolute world to me 342 00:12:56.480 --> 00:12:57.320 and more importantly, 343 00:12:57.320 --> 00:12:59.240 it may change the world to someone else. 344 00:13:00.920 --> 00:13:01.760 Right? 345 00:13:01.760 --> 00:13:02.760 Think about. 346 00:13:02.760 --> 00:13:06.920 Number 19, do your best, not what it takes 347 00:13:06.920 --> 00:13:09.720 because the round is a lot of times your best may suck 348 00:13:09.720 --> 00:13:11.400 and what is required is what is required 349 00:13:11.400 --> 00:13:12.800 and that may be beyond you, 350 00:13:12.800 --> 00:13:14.760 which means you must become better 351 00:13:14.760 --> 00:13:17.240 so that your best is beyond what is required 352 00:13:17.240 --> 00:13:18.840 because the number of people who say, 353 00:13:18.840 --> 00:13:20.080 well, I tried my best, 354 00:13:21.320 --> 00:13:22.840 universe doesn't give a shit. 355 00:13:22.840 --> 00:13:24.480 The marketplace doesn't give a shit. 356 00:13:24.480 --> 00:13:26.320 Your boss doesn't give a shit. 357 00:13:26.320 --> 00:13:28.160 What they care about is what is required. 358 00:13:28.160 --> 00:13:30.920 And so what you have to do is figure out what is required 359 00:13:30.920 --> 00:13:34.240 and then if you are incapable of doing it, be better 360 00:13:35.240 --> 00:13:36.840 and do it for long enough that it would be unreasonable 361 00:13:36.840 --> 00:13:38.160 for you not to be good 362 00:13:38.160 --> 00:13:40.680 and then your best will surpass what is required 363 00:13:40.680 --> 00:13:43.480 and you will become better in the process. 364 00:13:43.480 --> 00:13:44.320 But if you don't do that, 365 00:13:44.320 --> 00:13:45.160 it's an excellent way to stay poor. 366 00:13:45.160 --> 00:13:46.480 It's just keep doing your best 367 00:13:46.480 --> 00:13:49.480 and giving yourself, pat them back and say, I tried. 368 00:13:49.480 --> 00:13:52.920 20, talk more, do less. 369 00:13:52.920 --> 00:13:55.600 Post about your goals, post about your affirmations, 370 00:13:55.600 --> 00:13:57.720 spend all day doing routines and stuff 371 00:13:57.720 --> 00:14:01.400 of getting prepared to work and actually do very little. 372 00:14:01.400 --> 00:14:02.280 All right, it's a great way. 373 00:14:02.280 --> 00:14:03.480 This is one of the favorite ones, 374 00:14:03.480 --> 00:14:05.160 especially in the internet community, 375 00:14:05.160 --> 00:14:08.120 people love talking about how much they're working 376 00:14:08.120 --> 00:14:10.520 rather than actually getting shit done. 377 00:14:10.520 --> 00:14:14.120 So I would advise you to rather than spend all this time 378 00:14:14.120 --> 00:14:16.600 preparing to work and creating superstitions and routines 379 00:14:16.600 --> 00:14:18.080 around the things that you think you should do 380 00:14:18.080 --> 00:14:21.600 in order to maybe potentially get something done, 381 00:14:21.600 --> 00:14:22.680 start with doing, 382 00:14:22.680 --> 00:14:25.560 because sometimes doing just needs done. 383 00:14:25.560 --> 00:14:28.320 21, start something new today, 384 00:14:28.320 --> 00:14:31.560 start something new tomorrow, repeat. 385 00:14:31.560 --> 00:14:32.760 Great way to stay poor. 386 00:14:32.760 --> 00:14:35.120 Do stuff, try something, try something else, 387 00:14:35.120 --> 00:14:36.760 try something else, try something else, 388 00:14:36.760 --> 00:14:39.160 always leave half-built bridges, right? 389 00:14:39.160 --> 00:14:41.440 You never complete anything new, start. 390 00:14:41.440 --> 00:14:43.280 Just keep starting new things 391 00:14:43.280 --> 00:14:45.120 because it's exciting and it's new 392 00:14:45.120 --> 00:14:48.040 and you have what is called uninformed optimism 393 00:14:48.040 --> 00:14:50.280 because as soon as you jump into the new thing, 394 00:14:50.280 --> 00:14:52.040 you realize that it will take work 395 00:14:52.040 --> 00:14:53.880 and the things that were awesome about it 396 00:14:53.880 --> 00:14:55.640 also have downsides which is the work 397 00:14:55.640 --> 00:14:56.960 that is required to be good. 398 00:14:56.960 --> 00:14:58.760 And as soon as you realize that it's work, 399 00:14:58.760 --> 00:15:00.880 you go through the change cycle where you go, 400 00:15:00.880 --> 00:15:04.840 uninformed optimism to informed pessimism. 401 00:15:04.840 --> 00:15:06.160 And then you go through the value of despair 402 00:15:06.160 --> 00:15:07.240 and this is where everyone then jumps 403 00:15:07.240 --> 00:15:09.160 to the next opportunity, all right? 404 00:15:09.160 --> 00:15:10.600 And they just do this forever. 405 00:15:10.600 --> 00:15:12.920 And they just never achieve what they want. 406 00:15:12.920 --> 00:15:16.160 So it's an excellent way to stay busy and poor, all right? 407 00:15:16.160 --> 00:15:17.880 Just keep trying new stuff 408 00:15:17.880 --> 00:15:20.760 and never see anything through, okay? 409 00:15:20.760 --> 00:15:23.960 Number 22, believe what other people think about you 410 00:15:23.960 --> 00:15:26.480 more than what you think about you, all right? 411 00:15:26.480 --> 00:15:27.760 It's a great way to stay poor. 412 00:15:27.760 --> 00:15:29.760 I think it's easily stated there, 413 00:15:29.760 --> 00:15:31.280 so I'm not gonna belabor the point. 414 00:15:31.280 --> 00:15:33.520 But that's what you need to do to stay poor. 415 00:15:33.520 --> 00:15:35.320 Just keep believing when everyone else thinks about you 416 00:15:35.320 --> 00:15:37.120 and I'll let you think about you, all right? 417 00:15:37.120 --> 00:15:38.560 Excellent way to do it. 418 00:15:38.560 --> 00:15:40.560 Number 23, way to stay poor. 419 00:15:40.560 --> 00:15:43.000 Make a mistake then, 420 00:15:43.000 --> 00:15:45.480 wait, repeat the mistake. 421 00:15:45.480 --> 00:15:47.360 Do it again and again and again. 422 00:15:47.360 --> 00:15:49.440 And you've probably seen people who stay stuck 423 00:15:49.440 --> 00:15:50.280 in their life like this, 424 00:15:50.280 --> 00:15:51.600 like they keep dating the same person, 425 00:15:51.600 --> 00:15:53.080 they keep making the same business mistake, 426 00:15:53.080 --> 00:15:56.000 they keep getting the same bad partnerships, whatever, right? 427 00:15:56.000 --> 00:15:57.720 Or they keep trying to do something 428 00:15:57.720 --> 00:15:59.840 that stopped working and they keep doing it over and over again, 429 00:15:59.840 --> 00:16:01.480 because they think that for some reason 430 00:16:01.480 --> 00:16:03.040 that's gonna work somehow. 431 00:16:03.040 --> 00:16:05.200 Or they just don't have the word with all to realize 432 00:16:05.200 --> 00:16:06.640 that they keep making the same mistake. 433 00:16:06.640 --> 00:16:08.200 And so if you keep doing the same stuff, 434 00:16:08.200 --> 00:16:10.120 you're gonna keep getting the same outcomes, right? 435 00:16:10.280 --> 00:16:11.200 We kind of know this, 436 00:16:11.200 --> 00:16:13.800 but the thing is, is that people still do it. 437 00:16:13.800 --> 00:16:15.640 It's like, well, whatever you're doing right now 438 00:16:15.640 --> 00:16:17.440 has gotten you to being poor. 439 00:16:17.440 --> 00:16:19.960 So don't do that, right? 440 00:16:19.960 --> 00:16:21.960 And when I say poor, poor can be whatever you want it to be. 441 00:16:21.960 --> 00:16:23.280 You could be a billionaire and be poor. 442 00:16:23.280 --> 00:16:25.720 It might be whatever that amount is, 443 00:16:25.720 --> 00:16:27.440 it's not as much as you want it to be, right? 444 00:16:27.440 --> 00:16:29.160 Which of course gets into the deep things if like, 445 00:16:29.160 --> 00:16:30.720 maybe you should decide not to want it to begin with 446 00:16:30.720 --> 00:16:33.280 and then whatever, we won't get into that. 447 00:16:33.280 --> 00:16:36.280 Number 24, be replaceable, all right? 448 00:16:36.280 --> 00:16:38.360 This is a great way to stay poor 449 00:16:38.440 --> 00:16:40.480 because if, and I heard this from Navarre, 450 00:16:40.480 --> 00:16:41.960 I'll kind of like it a lot, which is, 451 00:16:41.960 --> 00:16:43.880 if you can get a degree to do the job, 452 00:16:43.880 --> 00:16:45.000 you're never gonna be on wealthy doing it 453 00:16:45.000 --> 00:16:46.400 because everyone can do it, right? 454 00:16:46.400 --> 00:16:48.160 And so you have to be able to learn things 455 00:16:48.160 --> 00:16:49.720 that other people can't do, right? 456 00:16:49.720 --> 00:16:52.560 And that therein makes you irreplaceable 457 00:16:52.560 --> 00:16:54.240 or less replaceable, right? 458 00:16:54.240 --> 00:16:55.960 The very least, less replaceable. 459 00:16:55.960 --> 00:16:57.720 You want to be replaceable by a marketplace 460 00:16:57.720 --> 00:17:00.120 of people lined up behind you ready to take your job 461 00:17:00.120 --> 00:17:01.280 and do it for less, all right? 462 00:17:01.280 --> 00:17:02.440 Because they're also poor 463 00:17:02.440 --> 00:17:03.560 and they are willing to do it for less, 464 00:17:03.560 --> 00:17:05.160 which is a terrible way to do business. 465 00:17:05.160 --> 00:17:07.080 It's also an excellent way to stay poor though. 466 00:17:07.080 --> 00:17:09.000 Do whatever one else is doing, do it for less, 467 00:17:09.000 --> 00:17:10.800 unless you have an operational strategy, 468 00:17:10.800 --> 00:17:12.480 which is like Walmart and whatever. 469 00:17:12.480 --> 00:17:14.400 And that's probably not you, right now. 470 00:17:14.400 --> 00:17:17.400 So, number 25, way to stay poor. 471 00:17:17.400 --> 00:17:19.120 Find something that works. 472 00:17:19.120 --> 00:17:20.920 Dear God, find something that works 473 00:17:20.920 --> 00:17:22.440 and then stop doing it. 474 00:17:22.440 --> 00:17:23.560 Think about it. 475 00:17:23.560 --> 00:17:25.880 How many of you have needed to make money? 476 00:17:25.880 --> 00:17:28.120 Last minute, you had to pay roll, you had to pay taxes, 477 00:17:28.120 --> 00:17:30.480 you had to, some bill unexpected, you know, 478 00:17:30.480 --> 00:17:32.680 surgery, iPhone, whatever, right? 479 00:17:32.680 --> 00:17:35.840 Some bill comes up and you need to pay for it 480 00:17:35.840 --> 00:17:37.560 and you find a way to make money. 481 00:17:37.560 --> 00:17:39.080 Because if you're watching this video, you're still alive, right? 482 00:17:39.080 --> 00:17:41.280 So, you found a way to, you found a way to pay for it. 483 00:17:41.280 --> 00:17:44.000 What did you do there when you needed to make money? 484 00:17:44.000 --> 00:17:45.320 You know something messed up? 485 00:17:45.320 --> 00:17:46.560 You were willing to make money 486 00:17:46.560 --> 00:17:48.240 and you had the ability to make money 487 00:17:48.240 --> 00:17:50.600 when it was for someone else and not for yourself. 488 00:17:50.600 --> 00:17:52.120 Think about that. 489 00:17:52.120 --> 00:17:54.720 You had the ability, you knew what to do 490 00:17:54.720 --> 00:17:56.320 and you just chose not to do it. 491 00:17:56.320 --> 00:17:58.200 You stopped doing it as soon as you paid someone else's bills 492 00:17:58.200 --> 00:17:59.600 because you were willing to pay other people's bills 493 00:17:59.600 --> 00:18:00.360 and not your own. 494 00:18:00.360 --> 00:18:01.320 Interesting. 495 00:18:01.320 --> 00:18:03.840 Which leads me to one of the most short tweets I had recently, 496 00:18:03.840 --> 00:18:07.840 which is, most people know what to do to achieve their goals. 497 00:18:07.840 --> 00:18:09.360 Most people do know what to do. 498 00:18:09.360 --> 00:18:10.400 People are like, I don't know how to lose weight. 499 00:18:10.400 --> 00:18:13.000 I'm like, hey, you do, stop eating shit and move. 500 00:18:13.000 --> 00:18:14.760 You know how to do that? 501 00:18:14.760 --> 00:18:16.200 You want to make money? 502 00:18:16.200 --> 00:18:17.200 Start making calls. 503 00:18:17.200 --> 00:18:18.120 Start reaching out to people. 504 00:18:18.120 --> 00:18:20.160 Start promoting the thing that you were trying to sell. 505 00:18:20.160 --> 00:18:21.480 I mean, not a advocate. 506 00:18:21.480 --> 00:18:22.320 I got this thing. 507 00:18:22.320 --> 00:18:23.160 Do you want to try it? 508 00:18:23.160 --> 00:18:24.080 No, cool. 509 00:18:24.080 --> 00:18:25.240 Talk to somebody else, got this thing. 510 00:18:25.240 --> 00:18:26.080 You want to try it? 511 00:18:26.080 --> 00:18:27.320 No, cool, call somebody else. 512 00:18:27.320 --> 00:18:28.640 It's not complex. 513 00:18:28.640 --> 00:18:30.840 It's not a advocate, but people just don't do it. 514 00:18:30.840 --> 00:18:32.560 It's because they're not willing to do it, right? 515 00:18:32.560 --> 00:18:34.800 And so, excellent thing to do. 516 00:18:34.800 --> 00:18:35.640 Find something that works. 517 00:18:35.640 --> 00:18:37.560 So a lot of you do know something that works. 518 00:18:37.560 --> 00:18:39.160 And then stop doing it. 519 00:18:39.160 --> 00:18:41.440 Number 26, we're round enough. 520 00:18:41.440 --> 00:18:42.960 We've got two more. 521 00:18:42.960 --> 00:18:44.880 Higher dumb people. 522 00:18:44.880 --> 00:18:46.840 Excellent way to stay poor and have a bad business. 523 00:18:46.840 --> 00:18:48.600 All right, really, really highly recommend it. 524 00:18:48.600 --> 00:18:50.080 It's also really good for if you have a job too. 525 00:18:50.080 --> 00:18:52.800 If you have the ability to hire people, hire dumb people. 526 00:18:52.800 --> 00:18:55.920 It's just a great way to make your life miserable. 527 00:18:55.920 --> 00:18:57.720 There's very few ways that are better than this one. 528 00:18:57.720 --> 00:19:00.560 Like, if you just want to be surrounded by dumb people, 529 00:19:00.560 --> 00:19:01.560 just hire people, you know what I mean? 530 00:19:01.560 --> 00:19:02.560 You hire people dumb or do you? 531 00:19:02.560 --> 00:19:03.560 You know what I mean? 532 00:19:03.560 --> 00:19:07.200 And you'll feel good, but you'll be poor. 533 00:19:07.200 --> 00:19:09.520 And so, don't do that. 534 00:19:09.520 --> 00:19:10.520 Number 27. 535 00:19:10.520 --> 00:19:13.680 This is a huge one that I see all the time for staying poor. 536 00:19:13.680 --> 00:19:14.680 It's a really good strategy. 537 00:19:14.680 --> 00:19:17.760 It might be one of the top ones on this list. 538 00:19:17.760 --> 00:19:19.720 Assume you are always right. 539 00:19:19.720 --> 00:19:21.280 How many people here, right? 540 00:19:21.280 --> 00:19:22.280 You're watching this. 541 00:19:22.280 --> 00:19:26.280 Know someone who always just think they're right. 542 00:19:26.280 --> 00:19:27.880 And they're not successful. 543 00:19:27.880 --> 00:19:29.840 They get advice from somebody who might be successful. 544 00:19:29.840 --> 00:19:30.840 We're more successful than them. 545 00:19:30.920 --> 00:19:33.440 And they're like, no, that's not going to work for X, Y and Z, right? 546 00:19:33.440 --> 00:19:34.440 Because they just do them. 547 00:19:34.440 --> 00:19:35.440 They're always right. 548 00:19:35.440 --> 00:19:36.440 They assume they know everything. 549 00:19:36.440 --> 00:19:37.440 Well, if you know everything, 550 00:19:37.440 --> 00:19:39.440 then why aren't you achieving what you want? 551 00:19:39.440 --> 00:19:41.840 And I will tell you this, from the people that I've met 552 00:19:41.840 --> 00:19:43.520 who have been far ahead of me, 553 00:19:43.520 --> 00:19:46.840 they have a voracious desire to learn. 554 00:19:46.840 --> 00:19:49.200 And a voracious interest in learning from anyone 555 00:19:49.200 --> 00:19:51.640 and every single possible source they can. 556 00:19:51.640 --> 00:19:53.480 And those people have the humility to say 557 00:19:53.480 --> 00:19:55.520 that everyone knows something that they don't know. 558 00:19:55.520 --> 00:19:56.800 And so, in that way, they can learn of them, 559 00:19:56.800 --> 00:19:59.000 which is, I think, an Emerson quote. 560 00:19:59.000 --> 00:20:02.680 If you cannot learn, then what's the point, right? 561 00:20:02.680 --> 00:20:05.000 It's the same thing as the saying, 562 00:20:05.000 --> 00:20:08.440 he who chooses not to read is no further ahead 563 00:20:08.440 --> 00:20:10.920 than the man who cannot read, right? 564 00:20:10.920 --> 00:20:15.720 And so it's like, the man who chooses not to learn from others 565 00:20:15.720 --> 00:20:19.160 is no dissimilar from the person who is disabled 566 00:20:19.160 --> 00:20:21.680 from learning from others, right? 567 00:20:21.680 --> 00:20:23.680 So you give yourself zero advantages. 568 00:20:23.680 --> 00:20:26.800 Like, there's no way that you can learn from other people 569 00:20:26.800 --> 00:20:28.320 if you think you're always right. 570 00:20:28.360 --> 00:20:29.880 And I know this sounds fucking obvious, 571 00:20:29.880 --> 00:20:31.960 but a lot of you guys do this. 572 00:20:33.240 --> 00:20:34.760 Why? 573 00:20:34.760 --> 00:20:36.920 Like, you'd rather be right than be rich. 574 00:20:36.920 --> 00:20:38.920 And it's silly, but it's an excellent way to stay poor. 575 00:20:38.920 --> 00:20:40.760 So that's why it's number 27. 576 00:20:40.760 --> 00:20:42.920 And then the last one, and this is the simplest 577 00:20:42.920 --> 00:20:44.160 of the economics around it, 578 00:20:44.160 --> 00:20:45.920 and I'm just gonna drive this baby home, 579 00:20:45.920 --> 00:20:50.440 is make money, period, spend more than you make. 580 00:20:50.440 --> 00:20:51.640 And the beautiful part about this 581 00:20:51.640 --> 00:20:53.400 is that it doesn't matter how much you make. 582 00:20:53.400 --> 00:20:55.080 If you spend more than it, you can be poor, 583 00:20:55.080 --> 00:20:56.560 which is why this is such a great one. 584 00:20:56.560 --> 00:20:57.640 It's a great way to stay poor. 585 00:20:57.760 --> 00:20:59.400 It doesn't matter how much you increase your income. 586 00:20:59.400 --> 00:21:01.040 Just spend more than you made. 587 00:21:01.040 --> 00:21:03.760 Right, go into debt, adjust your lifestyle 588 00:21:03.760 --> 00:21:05.640 to your new income at all times 589 00:21:05.640 --> 00:21:07.760 or rather above your income, 590 00:21:07.760 --> 00:21:08.800 so that you can always stay poor 591 00:21:08.800 --> 00:21:10.440 no matter how much money you make. 592 00:21:10.440 --> 00:21:12.840 It's just an awesome way to stay poor. 593 00:21:12.840 --> 00:21:14.600 And so I highly recommend doing that. 594 00:21:14.600 --> 00:21:15.960 And honestly, the more you can do it, 595 00:21:15.960 --> 00:21:19.240 the more you can outspend your income, the poorer you will be. 596 00:21:19.240 --> 00:21:21.640 And so, again, highly recommend it. 597 00:21:21.640 --> 00:21:23.280 And it sounds silly, but you know how few people, 598 00:21:23.280 --> 00:21:25.480 like right now, I think it's like the bottom 50% 599 00:21:25.480 --> 00:21:28.040 of America doesn't have any savings. 600 00:21:28.040 --> 00:21:31.120 And what's crazy is that like, you can control. 601 00:21:31.120 --> 00:21:32.680 Like these things are controllable. 602 00:21:32.680 --> 00:21:34.360 Like you can always downgrade your lifestyle, 603 00:21:34.360 --> 00:21:35.720 but the thing is you care more about the opinions 604 00:21:35.720 --> 00:21:37.200 about this than you do with your own, right? 605 00:21:37.200 --> 00:21:39.440 You care more about looking worse than being rich, right? 606 00:21:39.440 --> 00:21:40.280 All these things. 607 00:21:40.280 --> 00:21:41.840 And that's why all of these things go together. 608 00:21:41.840 --> 00:21:45.560 And so to wrap this up, the reason that inversion 609 00:21:45.560 --> 00:21:47.960 thinking is so powerful is that we can use our brains 610 00:21:47.960 --> 00:21:50.680 to find threats more easily than we can find solutions. 611 00:21:50.680 --> 00:21:52.880 And so if we think about your business career, 612 00:21:52.880 --> 00:21:54.040 or you think about your marriage, 613 00:21:54.040 --> 00:21:55.400 or you think about your body, 614 00:21:55.400 --> 00:21:57.560 or you think about whatever it is, your money goals, 615 00:21:57.560 --> 00:21:58.880 think about the ways to destroy it. 616 00:21:58.880 --> 00:22:02.320 I just gave you 28 different ways that you can be poor, right? 617 00:22:02.320 --> 00:22:03.240 When you reverse them, 618 00:22:03.240 --> 00:22:06.120 and you make those the rules for living that you have, 619 00:22:06.120 --> 00:22:09.160 then what happens is you succeed by accident 620 00:22:09.160 --> 00:22:11.080 because you avoid the pitfalls. 621 00:22:11.080 --> 00:22:13.800 Because the thing is, is if you don't make many mistakes, 622 00:22:13.800 --> 00:22:15.760 you succeed without trying. 623 00:22:15.760 --> 00:22:17.160 Because all you're doing is just focusing on 624 00:22:17.160 --> 00:22:18.640 just not making these stupid mistakes 625 00:22:18.640 --> 00:22:20.160 that most people do, right? 626 00:22:20.160 --> 00:22:21.240 If we were to reverse these, 627 00:22:21.240 --> 00:22:23.160 and this is what I'm gonna hit this with hard, 628 00:22:23.160 --> 00:22:25.280 enjoy, we're hitting it right now. 629 00:22:25.280 --> 00:22:28.720 Start today, read books, do the stuff that's in the books. 630 00:22:28.720 --> 00:22:30.800 Take advice from rich people on how to be rich. 631 00:22:30.800 --> 00:22:33.520 Pick a spouse who makes you feel awesome about working. 632 00:22:33.520 --> 00:22:35.520 Fail once, try again. 633 00:22:35.520 --> 00:22:39.120 Think the world is unfair and act accordingly. 634 00:22:39.120 --> 00:22:40.520 Never blame your circumstances. 635 00:22:40.520 --> 00:22:43.000 Thank your circumstance for making you who you are. 636 00:22:43.000 --> 00:22:45.560 Instead of complaining, do something. 637 00:22:45.560 --> 00:22:48.400 Expect no one to save you except for yourself. 638 00:22:48.400 --> 00:22:51.400 Value your opinion over those of other people. 639 00:22:51.400 --> 00:22:53.080 Seek out discomfort. 640 00:22:53.080 --> 00:22:55.160 Tolerate nothing but excellence. 641 00:22:55.160 --> 00:22:57.360 Make promises, keep promises. 642 00:22:57.360 --> 00:22:59.440 Wait for the worst conditions. 643 00:22:59.440 --> 00:23:02.560 Wait for imperfect conditions and act anyways 644 00:23:02.560 --> 00:23:04.360 on what you want, right? 645 00:23:04.360 --> 00:23:07.400 Avoid working on the stuff that doesn't matter. 646 00:23:07.400 --> 00:23:10.200 Work on the things that matter most, ignore the rest. 647 00:23:10.200 --> 00:23:12.680 Say you're going to do something and then do it. 648 00:23:12.680 --> 00:23:14.680 Do what no one else is doing. 649 00:23:14.680 --> 00:23:18.840 Do your best and make it above what it takes 650 00:23:18.840 --> 00:23:20.720 to be successful. 651 00:23:20.720 --> 00:23:23.080 Talk less, do more. 652 00:23:23.080 --> 00:23:25.880 Start something new today and keep at it 653 00:23:25.880 --> 00:23:27.400 until you are good. 654 00:23:27.400 --> 00:23:31.920 Do it so long that it would be unreasonable for you to be bad. 655 00:23:31.920 --> 00:23:33.120 Don't believe what other people think 656 00:23:33.120 --> 00:23:35.160 about you more than what you think about yourself. 657 00:23:35.160 --> 00:23:37.920 Be irreplaceable, find something that works, 658 00:23:37.920 --> 00:23:40.080 and don't stop doing it. 659 00:23:40.080 --> 00:23:42.760 Keep doing it until you're bored out of your mind 660 00:23:42.760 --> 00:23:45.800 because you're so good at doing that thing that worked, all right? 661 00:23:45.800 --> 00:23:47.680 Higher, smart people. 662 00:23:47.680 --> 00:23:51.200 Assume that you are always wrong and be willing to learn 663 00:23:51.200 --> 00:23:54.520 and make money and spend less than you make. 664 00:23:54.520 --> 00:23:56.960 And that is the 28 rules of poverty flipped on its head 665 00:23:56.960 --> 00:23:58.160 and you can make your own conclusions 666 00:23:58.160 --> 00:23:59.160 about where that'll take you. 667 00:23:59.160 --> 00:24:00.000 I love you most. 668 00:24:00.000 --> 00:24:00.840 You nation keep being awesome. 669 00:24:00.840 --> 00:24:01.680 And I'll see you guys next video. 670 00:24:01.680 --> 00:24:02.520 Bye.