WEBVTT

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Do you want to go fast, go alone,

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if you want to go far, go together?

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And so I think that if the narrative changes

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and the mentors realize that the mentees

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are supposed to beat them,

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and that if they beat them,

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it's a sign that the mentor was a success,

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not a failure.

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Like, that's the mark of the good mentor,

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is that all the people they teach rise above them.

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Welcome to the game where we talk about

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how to sell more stuff to more people

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in more ways and build businesses worth owning.

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I'm trying to build a billion dollar thing

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with acquisition.com.

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I always wished pesos, musk and buffet

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had documented their journey,

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so I'm doing it for the rest of us.

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Please share and enjoy.

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I see this thing that happens all the time,

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and in different lenses,

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people approach them differently.

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So like, when you are a kid and you learn arithmetic,

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first you learn your numbers,

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and then you learn how to add,

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and then you level up and you learn how to multiply,

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and then you level up from there,

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and you learn how to do algebra.

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When you get to algebra,

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you don't think,

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man, my arithmetic teacher is a fucking idiot.

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I can't believe they didn't teach me this stuff.

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It's like, dude, you weren't ready.

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And you had to have the arithmetic

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in order to get to the multiplication.

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It's not that that teacher was an idiot.

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It's that that was the sequence.

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And so when you have a first teacher

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that teaches you the basics,

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and you have more advanced teacher later,

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it doesn't mean you should shit on your first teacher.

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It's like that person got you ready

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to receive the next thing.

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And I think that when I was earlier on my career,

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I definitely did the other way.

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You know what I mean?

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I was just like, this guy didn't know anything.

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This guy is the guy.

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Rather than seeing it like you would see any other thing

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that you'd have in school, right?

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And so that was the first point that I wanted to cover.

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The next point is this is more to the mentors,

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which is like, I've had the opportunity

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and the gift of being able to mentor

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whatever you want to say.

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Provide advice, counsel, share my experiences,

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and a lot of people consume those things.

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And a lot of people hold me in a regard

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and most people who are winners are competitive.

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It's just like who you are, right?

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You want to win, you want to beat everybody,

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because that's part of the competitive drive.

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But I think there's a comma there

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that needs to get put in, which is that

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you have to accept two things.

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One is that you are going to die

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and no one is going to remember.

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Like real real, like 10,000 years from now,

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no one's going to remember.

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At all.

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Number two, is that when you're at the end of your life,

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the people who are going to be your buyer of bets

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that are not the people you've inquished

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for the people that you helped.

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And so when I think about that,

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and I know that I have passed a lot of the mentors

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that I've had in my career in terms of financials, et cetera,

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and I really earlier on used to think

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that made me better than them.

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It's better at the game of business.

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I was better at whatever.

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But I think that as I've had a couple more years

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and some more scars, I've realized something different,

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which is that I was only able to get better than them

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because they gave me the head start.

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They were like, hey man, step on my shoulder

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and you can reach that next branch.

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And I think that if the mentees and the mentors

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both see it that way, then the mentees will stop

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shitting on the mentors that helped them.

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And the mentors will stop trying to hold back secrets

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that have propelled them further

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because the point is not that you're going to beat everyone.

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You're going to get really old

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and then you're going to die.

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And as you're getting older,

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there are going to be people who are younger

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who had a head start.

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When you're like, man, these guys got so easy,

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that's the point of progress as a civilization.

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And so rather than lamenting that the next generation

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has it easier, I thought that what we all say

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is I want my kids to have it better than I did

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or I want to make the world a better place.

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Well, that's what making the world a better place looks like

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is that they have a head start.

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And so we say that this is our mission

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with our business, we want to make the world a better place,

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we want to make an impact, we want to make

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positive impact in people's lives.

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And then when it actually happens,

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we resent the kids for the fact

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that they didn't have it as hard as us.

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It's like, that was the point.

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And so I think if we can shift the perspective

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on the mentor side of like, my point is not to beat

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the progeny.

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A point is to forge as far as I can, look back

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and be like, hey, watch out for that whole watch out

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for that rock, keep going, keep going.

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And the thing is is they move through the path that I did

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that we tread three times faster than we did

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because we already cleared all the trees.

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And then they get to the next non-clearing

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and they have to start hacking away

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and hacking away and hacking away

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to forge the next path.

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And then they become the mentors turn around.

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And the next generation move six times as fast

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to cover my distance and their distance, right?

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And so like we really do stand on the shoulders of the giants,

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the stand on the shoulders of the people who came before us.

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And so when I think about like the gratitude

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that I have for, you know, the Gary Vs who like,

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he's, you know, whatever, 11 years, 12 years older than I am.

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And he's forged so much of this path that like,

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I didn't have to think about how am I going to create

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this whole thing?

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It's like, nah, I just, he already had a blueprint

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and I can just start laying that out immediately execute

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rather than having to spend six years figuring it out, right?

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And the same degree, there are guys who we have

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in our portfolio right now who are in their 20s,

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who are making twice what I was making total

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in their 20s than what I was making at 30.

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And so like I can either be like, fuck these guys,

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I'm gonna hold my secrets

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because I want to be better than them, right?

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Or, and they could also be like, I'm better than he is, right?

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But if they came to me below and then now they're above,

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then like, that was the point.

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Like I, they should and like, I'm not gonna be number one.

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But I'm gonna still fucking beat, you know what I mean?

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I'm still gonna go after, I'm gonna go for gold

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because I got guys who are ahead of me

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and I'm still gonna go there, you know what I mean?

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And so I think that that's the beauty of being a human.

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You know what I mean?

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Like, you're gonna live, you're gonna die.

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You're gonna learn some things

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and you wanna teach it the next guy.

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And as long as the next guy honors the fact

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that guy died on the battlefield

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to give him these lessons and come back.

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And they have to recognize

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that they're going to die on the battlefield too

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for the next generation to pass them.

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Then I think that it makes the conversation

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in the community much more productive

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and much more collaborative rather than the shit talking

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of like, I'm better.

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This guy had an easier, man.

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If I had that kind of advantage, of course you didn't.

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That was why we did what we did.

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It was to have, it to pass only a bitch

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to make a world a better place, make an impact

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if people had started, that was the point.

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So like, they have it easier than us.

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Mission accomplished.

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If you look at some of the greatest success stories,

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a lot of them talk about their mentors.

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So like Warren Buffett had Paul Graham,

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who was his mentor early on.

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So he wanted to work for him, the quick story on that was that

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he said, I'll work for you for free.

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And Paul Graham told him, you're overpriced

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because he recognized that he was the one

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who's gonna be giving far more to this relationship.

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Even if Warren gave him his time,

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he still was gonna be on the losing side.

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But he still did it anyways

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because he recognized that Warren had a gift, right?

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And Warren passed him in his career.

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And you'll notice that Warren isn't like, man,

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I'm so much better than Paul Graham.

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Like, I passed that dude in my like 40s.

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He doesn't talk like that

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because he honors the fact that Paul Graham got him

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to this point.

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And when he and Charlie Munger talk about it,

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they talk about what they learned from Paul Graham

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and then what they then had to learn on their own

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is the next evolution in investing.

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And if Paul Graham had Paul Graham,

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he might have been Warren Buffett.

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But he didn't, only Warren got Paul Graham, right?

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And so Gary Vee didn't have Gary Vee

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to mentor him on his career.

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I did.

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I do right now.

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We all do.

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And so many of us will pass Gary.

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And I don't think Gary minds.

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But Gary didn't have Gary.

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I've got Gary.

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But you know what's different?

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Is that there's a 20 year old and might be you

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and you've got me.

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And I'm accomplishing things at a pretty fast pace

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and you're gonna do it faster than me.

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And I love it.

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Real quick guys, if you can think about how you found

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this podcast, somebody probably tweeted it,

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told you about it, shared it on Instagram

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or something like that.

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The only way this grows is through word of mouth.

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And so I don't run ads.

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I don't do sponsorships.

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I don't sell anything.

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My only ask is that you continue to pay it forward.

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Whoever showed you or however you found out

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about this podcast that you do the exact same thing.

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So if it was a review, if it was a post,

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if you do that, it would mean the world to me

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and you'll throw some good karma out there

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for another entrepreneur.

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That's the point.

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I'm still gonna be hustling and trying to beat you.

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Don't get me wrong.

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But it's surface level, not deep down.

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You know what I mean?

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And I say this because I had this narrative

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and it really impacted the way I saw mentors

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and how I saw other content creators

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and how I saw people give in advice.

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And when I see guys who are in their 60s,

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I'm like, man, by the time I'm 60,

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I'm gonna be 10 times as wealthy as them.

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I'm gonna be, you know, I'm gonna have 10 times

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the real estate.

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10 times the other things, right?

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Yeah.

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But if they had had themselves as mentors,

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they would too.

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And so it's like, I'm trying to like rub it

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in someone's face who's literally been doing nothing

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but feed me and help me, right?

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And so they say if you wanna go fast, go alone,

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if you wanna go far, go together.

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And so I think that if the narrative changes

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and the mentors realize that the mentees

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are supposed to beat them and that if they beat them,

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it's a sign that the mentor was a success, not a failure.

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Like, that's the mark of the good mentor,

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is that all the people they teach rise above them.

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If you're mentees and the students that you have

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and the people that you help and the people that you teach,

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don't move above you, it means that you're a bad teacher,

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not a good one.

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It doesn't mean you're so much better than everyone else.

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It means you're so bad at transferring the skill

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because everyone should be able to move up

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from your experience as faster than it took you to get there.

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Like, think about that.

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Like, so for everyone who's got an education business

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as a side note, if you've got an education business

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and no one's doing better than you,

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it's because you're not willing to give,

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the secrets that you know are really the things

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that are driving.

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You're not, you're not some superhuman.

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You're not, I promise you,

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there are so many smarter people on Wall Street than you.

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Promise.

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Like, there are.

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And so, if none of those people are moving ahead,

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it's because you're not really teaching.

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It's not because you're better,

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even though you go once to say that.

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So, like, that's the goal.

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And so, I think that if we make that the new definition

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of successive teachers that the students surpass the teacher,

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it's not that the student no longer needs the teacher,

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the student whatever,

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it's that like they should move faster through those careers.

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And then gets the point where they're both looking together

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with his experience and his raw talent,

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looking at the new landscape saying,

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all right, what do you think we should do?

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Yeah, I think we go,

301
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ah, you know, I tried that other thing over here

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that I haven't shared with you.

303
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That might still,

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then we can both march together, right?

305
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And so, I just think it's,

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it shifted my perspective in terms of how I saw my mentors

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and how much they serve me

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and how much I would rather honor them now

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rather than rub it in their face that I'm younger

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and I'm making more money than them.

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Of course, they help me.

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I get asked a lot of times because I have this quote,

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give away the secret, sell the implementation

314
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with your business, right?

315
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And that's what we do, right?

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That means selling the implementation,

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we want to sell it, we buy the implementation

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because we buy, you know,

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minority interest in business.

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By the way, if you're doing $3 million or more

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in your business and you want to help,

322
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go to Acquisition.com.

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But the reason that I make this stuff is that,

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like I say this all the time,

325
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like I'm going to die.

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And the only thing that will be left

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will be the documented stuff that I've been able to share.

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The books that I write,

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the courses that I make,

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and realistically the courses will probably fade.

331
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So the books might be the only things

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that are left with given enough time, right?

333
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And so I also do this because I forget this stuff.

334
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Like when I'm in it,

335
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I just want to be making it

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because if I'm looking back,

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you forget the nuance, you forget the details.

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And so I'm trying to do both things,

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which is build a bigger business while documenting.

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And this is one thing that I want to like explain already.

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I spend about half my day now writing the books

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and outlining the books and making the frameworks

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that I can communicate it in a really simple way.

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If I wanted to make more money,

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I would get half my time back

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and just double down on building my business faster.

347
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I wouldn't be doing this.

348
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So like inherently,

349
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I'm giving up my future upside

350
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to have more people have the opportunity to crush me.

351
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Or I can see it as you have the opportunity

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to help way more people at scale

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make the world a better place.

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And I think that when I'm 85 and I look back,

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I'll rather have lived that life.

356
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Because I don't think that I'll have a difference

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between being worth 10 billion and 20 billion

358
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when I'm 85,

359
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but I do think there'll be a big difference

360
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if I try to get there by supporting everything

361
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and making one guy's life better

362
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rather than everyone's life better.

363
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I think I experienced a lot of joy knowing

364
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that other people don't have to suffer as much,

365
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which is the funny thing of like,

366
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they didn't have as hard as us.

367
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It's like, I thought that was the point, right?

368
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And so when I hear somebody's like,

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dude, you helped me get my business

370
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from 10,000 to 50,000 a month.

371
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They're like, dude, I, you know,

372
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we're walking around outside yesterday

373
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and someone's like, dude,

374
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I did everything you have

375
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and we're doing $4 million a year now.

376
00:12:19.080 --> 00:12:20.720
Like he was like emotional

377
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when he saw us like walking around.

378
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And like I can't meet everyone

379
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and I don't have the emotional time

380
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but just knowing that it's happening.

381
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It makes stuff making the hard times easier.

382
00:12:30.760 --> 00:12:33.440
And for me that, you know, I find meeting in that.

383
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Because it feels worth it.

384
00:12:34.520 --> 00:12:36.960
It feels like it's not just me trying to do this for myself

385
00:12:36.960 --> 00:12:38.400
it's me trying to do this for a lot of people.

386
00:12:38.400 --> 00:12:41.000
And so like if I'm failing over and over again at this thing,

387
00:12:41.000 --> 00:12:42.040
I know that once I figured out

388
00:12:42.040 --> 00:12:44.240
I'll be able to help 100 people cheat code their way through it

389
00:12:44.240 --> 00:12:45.920
and not spend five months figuring something out

390
00:12:45.920 --> 00:12:47.640
or two years figuring something out.

391
00:12:47.640 --> 00:12:50.760
Like I was stuck at mid 30 million for three years.

392
00:12:50.760 --> 00:12:52.280
Which to everyone watching, they're like,

393
00:12:52.280 --> 00:12:53.960
boohoo, that's not the point.

394
00:12:53.960 --> 00:12:56.240
Is that there's another guy who's gonna get to that point

395
00:12:56.280 --> 00:12:57.880
and he's gonna move right past it.

396
00:12:57.880 --> 00:12:58.800
Like in a blink of an eye

397
00:12:58.800 --> 00:13:01.240
because I've had the right advice that I didn't have,

398
00:13:01.240 --> 00:13:02.760
right, or didn't have the context.

399
00:13:02.760 --> 00:13:04.960
And so the amount of scale that that person

400
00:13:04.960 --> 00:13:07.040
would be able to help immediately at 100 a year later

401
00:13:07.040 --> 00:13:10.680
or two years later because of that is the point.

402
00:13:10.680 --> 00:13:11.960
And so then I can get more leverage

403
00:13:11.960 --> 00:13:13.520
in terms of like making myself feel better

404
00:13:13.520 --> 00:13:15.400
that all these other people are doing well.

405
00:13:15.400 --> 00:13:16.480
So when I go through the hard time,

406
00:13:16.480 --> 00:13:18.880
I can think about that and it gets me through it.

407
00:13:18.880 --> 00:13:20.440
If this changed your mind about some of this shit

408
00:13:20.440 --> 00:13:21.720
talking that you've done to a teacher

409
00:13:21.720 --> 00:13:23.360
or to a mentor who was earlier on in your career

410
00:13:23.360 --> 00:13:26.040
because you passed them or they taught you part of the way

411
00:13:26.040 --> 00:13:28.040
and then somebody else taught you more of the way.

412
00:13:28.040 --> 00:13:30.760
Like my only ask now is just like shoot that guy text

413
00:13:30.760 --> 00:13:33.800
and be like, hey, like, respect, I appreciate you

414
00:13:33.800 --> 00:13:36.120
because I can't tell you one how much it means

415
00:13:36.120 --> 00:13:38.240
to the mentor when they get that text.

416
00:13:38.240 --> 00:13:39.880
And I also think too it'll help you spit out

417
00:13:39.880 --> 00:13:42.400
the poison that you had about the heat that you had

418
00:13:42.400 --> 00:13:43.240
that wasn't real.

419
00:13:43.240 --> 00:13:44.800
It was only made up in your head.

420
00:13:44.800 --> 00:13:46.960
So Caleb and I were talking about Gary

421
00:13:46.960 --> 00:13:50.040
and how Gary forged the way for so many people

422
00:13:50.040 --> 00:13:53.560
and how some people will get further than Gary did

423
00:13:53.560 --> 00:13:55.240
by the end of Gary's life.

424
00:13:55.240 --> 00:13:58.560
And it's not that Gary, that doesn't say that Gary's bad,

425
00:13:58.560 --> 00:14:00.160
it shows that Gary's really good

426
00:14:00.160 --> 00:14:01.840
because the point of a good teacher

427
00:14:01.840 --> 00:14:04.440
is that the student does pass the teacher.

428
00:14:04.440 --> 00:14:05.880
And so I wanted to break down that concept

429
00:14:05.880 --> 00:14:07.800
because it was something that really shifted my perspective

430
00:14:07.800 --> 00:14:09.120
and the mentors that I've had in my life

431
00:14:09.120 --> 00:14:12.480
and how I saw them before, during and after my experiences

432
00:14:12.480 --> 00:14:14.360
with them and on an ongoing basis.

433
00:14:14.360 --> 00:14:17.040
And if you have mentors, you have teachers in your life,

434
00:14:17.040 --> 00:14:19.360
I guarantee you that in 10 minutes

435
00:14:19.360 --> 00:14:21.040
or whatever this means of being,

436
00:14:21.040 --> 00:14:23.240
it will forever shift how you see that relationship

437
00:14:23.240 --> 00:14:24.520
for the benefit of both of you.

438
00:14:25.240 --> 00:14:27.240
And I hope you enjoyed this video.

439
00:14:27.240 --> 00:14:29.240
And I hope you enjoyed it.

440
00:14:29.240 --> 00:14:31.240
And I hope you enjoyed it.

441
00:14:31.240 --> 00:14:33.240
And I hope you enjoyed it.

442
00:14:33.240 --> 00:14:35.240
And I hope you enjoyed it.
