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In this video, I'm going to talk to you about why you never should listen to your parents at NEH.

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Welcome to the game where we talk about how to get more customers, how to make more

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per customer, and how to keep them longer, and the many failures and lessons we have learned

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along the way. I hope you enjoy and subscribe. Hi, my name is Alex Ramozi. I own a portfolio of

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companies that is $85 million a year in revenue. I make this channel because a lot of people are

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broken. I don't want you to be one of them. And so one of the things that happened, and this is

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at NEH, like I know guys who are making millions of millions of dollars a year and still, you know,

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are insecure about what their parents tell them about XYZ. And so the reason I think this is

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interesting is that most people, unless your parents are exorbitantly wealthy and have achieved

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everything that you wish to achieve, I don't think you should listen to your parents. And so one

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of my first rules of life is never to listen to someone who's poorer than you, or poor than you

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want to be. All right, so that's two different, you know, caveats there because you might be younger

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and it's like, okay, well, yeah, my parents have more money than me, but like, are they poorer than

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you want to be? If so, then only listen to people who are wealthier than you want to be, right?

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And the thing is, is that they always will, and other people too, right? We'll always side on

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the side of being less risky, right? And here's why, because when you naysay, right? It's kind of like

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when you're, if someone's like, oh, I don't like your girlfriend. And the thing is, is that

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if you date in general, right? And dating can apply, like the concept of dating and apply to

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business concepts, that doesn't really matter. But if you date, then fundamentally, every single

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person that you date, except for the one that you marry, is going to be someone who you're not

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going to be with. And if someone says, I don't think this person's good, I don't think this person's

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good, that they will be right, literally 99% of the time, except for the one time that matters,

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right? Kind of interesting. And so the thing is, is most businesses fail, 95% of businesses

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fail within five years, right? And so most times, they are correct. And so it's very easy for them

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to self-reinforce that they are so smart, right? And they're always right, and they could tell you

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I told you so, right? But the reality is that they are wrong in the 1% of times that it matters,

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right? In your life. And so when I think about this, what's interesting is that like,

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the only way that is guaranteed to not get to success is to never take the risk to begin with,

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right? That's the guaranteed way of not achieving it. And I remember when I was quitting my job,

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that was the biggest conclusion that I came to, was that I was not happy at my current earning level,

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and that the only job, because there was one position, one job that made enough money that I wanted,

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which was being an investment banker. So the best investment bankers can make $10, $20 million

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but I knew what it was required to get there in the amount of effort, time, and sacrifice. And I was

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like, the only people who will pay me that amount of money will be making so much more money off of me

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and literally draining my life that I don't think it's, because usually if you become an investment

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banker successful, you pretty much donate 20 years of your life in order to do that. And you're

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really never going to see your family and all that kind of stuff. And for me, that was not a trade-off

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I wanted to make. And so I figured there was no job that was going to pay me what I wanted to make

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and afford me the lifestyle that I wanted. And so the path that I was on was guaranteed

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to not give me nowhere I wanted to go. And so even though it was micro-risky, it was macro

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the only way I could do it. And so that's one of those like, one of those things I actually like

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from GaryVee says, micro-speed, macro-patients, right? Money loves speed, wealthless time. And so

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if we're trying to build a wealth, if we're trying to build an asset, then we need to have time.

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One of my other favorite things that I'll share with you is you get paid for what you

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do, you get returns what you own, right? And so anyways, back to the reason why you shouldn't listen

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to other people is that they don't have an accurate understanding of risk, right? And the biggest

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risk is not doing anything at all. The biggest risk is never dating, not that you're with this person,

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right? And so Warren Buffett said, and I like this, he said, most people only need to make four,

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five really good decisions in their life. So think about that for a second, because I think about,

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like that one really shook me, because I think about all the decisions that I make every single day,

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right? And all the decisions that I've made in my life. And there's really not that many of them

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that have been the biggest levers. But the few that have been have been massive and enormous

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levers in my life. And most people don't take enough time to think about those decisions that are

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the massive force in the road. Am I going to keep going in this position? Do I want to live in the

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city? Am I going to marry this girl? Who am I going to go to? Who am I going to get into business with?

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What are we going to do? Right? What are we actually going to do in this business? And so people

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don't get put enough thought into that stuff. And so at all their time thinking about what next

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show they're going to watch on Netflix, right? Rather than thinking like, I'm going to take some

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time with this decision.

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Most of the nation real quick, if you are a business owner that has a big old business and wants to

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get to a much bigger business, going to $50, $100 million plus we would love to talk to you.

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And if you like that, we would like to hear more about it. Go to acquisition.com and you can

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plan anywhere on the page and talk to one of our team and see if we can help you get there.

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Because one of my other things is mistakes love a rushed decision, right? So,

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microspeed macro patients, if you're looking at long playing long, then you have to understand,

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or at least this is my, you know, my two cents on it, is that most people will oppose you at all

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times. And that is because it is safer for them to do so because they will be right most of the times.

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But on the 1% of times that they are wrong, it's that 1% decision saying that you're going to buy

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C's candies for $25 million and ends up generating $1 billion, right? And revenue, it's that one

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decision that they're going to miss out on and that's the one decision that matters. And so,

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they are 99% of the time, right? But they're 100% wrong, right? And so, that's the only message that

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I wanted to really drive home is that if you have parents who make less money, then you want to

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make. If you have friends who make less money, then you want to make. I had so many people who told

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me that everything I was doing was stupid. I was giving up a really good consulting job to open a

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gym, right? I took all my savings and stuck it into a business. And you know what? That business

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wasn't the one that set me free. It was four or five businesses from there, but I learned the

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skills that one by one, I was able to assemble and assemble on a belief standpoint of the world

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with the character traits to reinforce them to eventually yield the success that some people

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think is, you know, cool. So anyways, I made this video because I've had a lot of younger people

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who reached out to me recently about this particular issue. And it's just understanding macro risk

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versus micro risk. Micro risk, yes, you will fail, but failure is part of the game, right? But the

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macro risk is that you'll never actually succeed. And that's the real game, right? And so you have to

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understand that you have to date in order to find the degree you're going to marry. You have to go

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on a lot of bad dates. You have to have a lot of small businesses that don't work, right? You don't

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have to, but it's common. And I don't know any entrepreneur who hasn't had a lot of businesses

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who eventually yielded success, right? Or even a lot of businesses within their main business,

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they pivoted a lot of times until they figured out what they were good at and what the market needed.

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Oh, that makes sense to you. I hope you found value of this. I'm rooting for you. I'm your

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biggest fan. Keeping awesome, keep taking risks. Micro speed, macro patients, and you get paid

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for what you do. You get returns on what you own. And what we're trying to build here is an asset

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that can pass over time because if we cannot learn how to build that asset, we will work until the day

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we die. So keeping awesome lots of love. And I'll catch you guys in the next video. Hit

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subscribe if you like it. And if you don't, don't subscribe. I'll get you to do it. All right, bye.