1 00:00:00,360 --> 00:00:03,320 Speaker 1: The price of bitcoin is surging, it is on its 2 00:00:03,400 --> 00:00:07,119 Speaker 1: way rapidly to scale to new all time highs. But meanwhile, 3 00:00:07,520 --> 00:00:10,200 Speaker 1: one of the largest assets in the world is bleeding. 4 00:00:10,720 --> 00:00:13,480 Speaker 1: Are we witnessing a changing of the guard. 5 00:00:13,840 --> 00:00:14,760 Speaker 2: We're going to dig into that. 6 00:00:14,840 --> 00:00:16,520 Speaker 1: We're going to look at the trends, We're going to 7 00:00:16,520 --> 00:00:18,520 Speaker 1: look at the data, and we'll discuss whether that is 8 00:00:18,560 --> 00:00:21,119 Speaker 1: going to move. We're also going to look at a 9 00:00:21,200 --> 00:00:23,119 Speaker 1: lot of other things. If you're just tuning in to 10 00:00:23,200 --> 00:00:24,960 Speaker 1: the Mark Law Show, we're always looking at the way 11 00:00:25,000 --> 00:00:26,880 Speaker 1: the world is changing as we look at it through 12 00:00:26,880 --> 00:00:31,680 Speaker 1: a lens of politics, finance, and technology. I believe that 13 00:00:31,720 --> 00:00:33,599 Speaker 1: we can get a different perspective on the world when 14 00:00:33,640 --> 00:00:36,040 Speaker 1: we look at it from those three lenses, and specifically 15 00:00:36,120 --> 00:00:38,879 Speaker 1: the convergence of those three, and bitcoin really sits at 16 00:00:38,920 --> 00:00:43,040 Speaker 1: the convergence of those three. It's groundbreaking revolutionary technology. Most 17 00:00:43,040 --> 00:00:46,120 Speaker 1: people don't understand exactly what it is. They don't understand 18 00:00:46,159 --> 00:00:50,360 Speaker 1: that it's actually a technological invention, a technological revolution that's 19 00:00:50,400 --> 00:00:53,760 Speaker 1: happening here. It's not just some new computer code or 20 00:00:53,800 --> 00:00:56,720 Speaker 1: some new database. So we have a technological revolution happening 21 00:00:56,760 --> 00:01:00,360 Speaker 1: at the same time. It's disrupting money or finance says, 22 00:01:00,360 --> 00:01:03,240 Speaker 1: we know it, and unfortunately, because finance is so political, 23 00:01:03,320 --> 00:01:07,240 Speaker 1: it's disrupting the politics and the governments as we know 24 00:01:07,280 --> 00:01:09,800 Speaker 1: it as well. But for now, the price of bitcoin 25 00:01:09,920 --> 00:01:14,679 Speaker 1: is surging. We have breached fifty thousand dollars. I think 26 00:01:14,680 --> 00:01:18,120 Speaker 1: we've breached fifty two thousand dollars. We're shy of the 27 00:01:18,200 --> 00:01:20,600 Speaker 1: all time high that was set back in November of 28 00:01:20,600 --> 00:01:24,920 Speaker 1: twenty twenty one, that was at was at sixty nine thousand, 29 00:01:25,480 --> 00:01:27,800 Speaker 1: but we're not that far away. As a matter of fact, 30 00:01:27,840 --> 00:01:31,960 Speaker 1: we are about thirty percent away, which if you're talking 31 00:01:31,959 --> 00:01:35,880 Speaker 1: about you know, traditional stocks, that's pretty far. But just 32 00:01:35,959 --> 00:01:43,600 Speaker 1: from let's see, from January of this year. I didn't 33 00:01:43,600 --> 00:01:46,160 Speaker 1: pull this up, but from January of this year, I mean, 34 00:01:46,200 --> 00:01:49,360 Speaker 1: we're already up thirty percent, So we've already made that 35 00:01:49,480 --> 00:01:52,200 Speaker 1: much ground up in just a little over a month. 36 00:01:52,360 --> 00:01:54,360 Speaker 1: So we could potentially make that ground up in another 37 00:01:54,400 --> 00:01:56,600 Speaker 1: month from now. That's how the price of bitcoin moves, 38 00:01:56,600 --> 00:01:59,720 Speaker 1: and partly it's been driven by the ETFs. I've talked 39 00:01:59,720 --> 00:02:01,920 Speaker 1: about this quite a bit. We launched all these new 40 00:02:01,960 --> 00:02:04,720 Speaker 1: bitcoin ETFs, and the amount of bitcoin they are taking 41 00:02:04,720 --> 00:02:07,680 Speaker 1: off the market is just unbelievable, and of course supplying 42 00:02:07,720 --> 00:02:11,480 Speaker 1: demand is driving the market. Now, what I'm talking about 43 00:02:11,520 --> 00:02:14,400 Speaker 1: at the intro was that one of the oldest assets 44 00:02:14,440 --> 00:02:17,320 Speaker 1: are not one of probably the oldest financial asset in 45 00:02:17,360 --> 00:02:19,200 Speaker 1: the world has been money for five thousand years. 46 00:02:19,240 --> 00:02:20,280 Speaker 2: I'm talking about. 47 00:02:20,040 --> 00:02:24,320 Speaker 1: Gold is seemingly bleeding. And what am I talking about, Well, 48 00:02:24,760 --> 00:02:27,160 Speaker 1: gold is still under massive demand. The price of gold 49 00:02:27,200 --> 00:02:29,760 Speaker 1: and silver have done very well, and we know that 50 00:02:29,800 --> 00:02:31,840 Speaker 1: central banks are buying more gold than any time in. 51 00:02:31,880 --> 00:02:33,880 Speaker 2: History over the last several years. 52 00:02:34,560 --> 00:02:37,359 Speaker 1: However, a lot of Americans and just people around the 53 00:02:37,360 --> 00:02:40,800 Speaker 1: world in general own gold, not physically in their own control, 54 00:02:40,880 --> 00:02:43,280 Speaker 1: in their sock drawer or in their safe or buried 55 00:02:43,320 --> 00:02:46,320 Speaker 1: in the ground in the backyard, but through ETFs exchange 56 00:02:46,360 --> 00:02:49,960 Speaker 1: traded funds, and so there's many gold ETFs that have 57 00:02:50,000 --> 00:02:52,480 Speaker 1: popped up, GLD being the biggest one of them, and 58 00:02:52,520 --> 00:02:56,519 Speaker 1: their assets under management, how much money they manages, has 59 00:02:56,600 --> 00:02:59,919 Speaker 1: been going down. So what we're seeing in real time 60 00:03:00,240 --> 00:03:03,200 Speaker 1: is the price of bitcoin is going through the roof, 61 00:03:03,320 --> 00:03:06,400 Speaker 1: partly because of the amount of money that's flowing into it, 62 00:03:06,520 --> 00:03:09,839 Speaker 1: and at the exact same time, money is coming out 63 00:03:09,880 --> 00:03:12,240 Speaker 1: of gold. Now, gold has been the store of value. 64 00:03:12,280 --> 00:03:14,880 Speaker 1: It's a place that you park your wealth to store 65 00:03:14,919 --> 00:03:17,480 Speaker 1: it for future generations. And a lot of people say 66 00:03:17,480 --> 00:03:20,200 Speaker 1: that bitcoin is the new store of value. People say, well, 67 00:03:20,240 --> 00:03:23,000 Speaker 1: it'll never be a medium of exchange. It is a 68 00:03:23,000 --> 00:03:25,240 Speaker 1: good store of value. It'll never be a medium exchange, 69 00:03:25,240 --> 00:03:26,400 Speaker 1: and we can talk about that. 70 00:03:26,720 --> 00:03:27,560 Speaker 2: It can eventually. 71 00:03:27,919 --> 00:03:30,040 Speaker 1: But if it's already a store of value, then we 72 00:03:30,080 --> 00:03:34,320 Speaker 1: can compare against other store of value assets. So bitcoin 73 00:03:34,400 --> 00:03:37,640 Speaker 1: is a store of value. Asset bonds are store of 74 00:03:37,760 --> 00:03:40,440 Speaker 1: value assets. A lot of real estate obviously not my 75 00:03:40,480 --> 00:03:43,200 Speaker 1: personal residents, but even some of that, but a lot 76 00:03:43,200 --> 00:03:44,960 Speaker 1: of real estate is a store of valus. I mean, 77 00:03:45,080 --> 00:03:47,320 Speaker 1: I store my wealth in these places. I think of 78 00:03:47,320 --> 00:03:50,000 Speaker 1: them as savings and not as investments. A lot of 79 00:03:50,000 --> 00:03:51,920 Speaker 1: stocks are like that, although a lot of stocks are 80 00:03:51,920 --> 00:03:54,920 Speaker 1: for trading and more speculative purposes. And what we can 81 00:03:54,960 --> 00:03:58,200 Speaker 1: see though, is that gold is attacking the I'm sorry, 82 00:03:58,200 --> 00:04:00,800 Speaker 1: Bitcoin is attacking the gold store of value, and it 83 00:04:00,880 --> 00:04:03,040 Speaker 1: is quickly catching up. As a matter of fact, bitcoin 84 00:04:03,160 --> 00:04:07,720 Speaker 1: just surpassed a one trillion dollars in a total asset 85 00:04:07,800 --> 00:04:10,680 Speaker 1: size and it's it's currently picking up. 86 00:04:10,720 --> 00:04:10,880 Speaker 2: Now. 87 00:04:10,920 --> 00:04:12,800 Speaker 1: What we can see is that, like I said, gold 88 00:04:12,960 --> 00:04:16,359 Speaker 1: is bleeding. As a matter of fact, we have the 89 00:04:16,640 --> 00:04:20,520 Speaker 1: spd R gold Shares has a year to date flow 90 00:04:20,760 --> 00:04:26,239 Speaker 1: negative twenty five almost twenty five hundred shares I shares, 91 00:04:26,279 --> 00:04:28,800 Speaker 1: gold Trust is down. I Shares gold Trust, Micro's down, 92 00:04:28,880 --> 00:04:30,240 Speaker 1: Vannat gold Miners down. 93 00:04:30,520 --> 00:04:31,320 Speaker 2: They're all down. 94 00:04:31,360 --> 00:04:34,720 Speaker 1: But at the same time, we have funds flowing into 95 00:04:34,760 --> 00:04:39,159 Speaker 1: Bitcoin Trust. We have I shares, Bitcoin Trust is up. 96 00:04:39,600 --> 00:04:42,440 Speaker 1: All the ETF funds are up, and they're buying an 97 00:04:42,440 --> 00:04:45,359 Speaker 1: incredible amount of bitcoin. As a matter of fact, currently 98 00:04:45,400 --> 00:04:49,479 Speaker 1: the ETF inflows are leading to a two percent increase 99 00:04:49,760 --> 00:04:51,039 Speaker 1: in the price per. 100 00:04:50,960 --> 00:04:51,599 Speaker 2: Day of bitcoins. 101 00:04:51,600 --> 00:04:55,520 Speaker 1: It's adding about one thousand dollars per day to the 102 00:04:55,520 --> 00:04:58,760 Speaker 1: price of bitcoin, and that's being done because of the 103 00:04:58,800 --> 00:05:01,680 Speaker 1: supply and demand. The et are taking so much bitcoin 104 00:05:01,720 --> 00:05:04,720 Speaker 1: off the market right now. The inflows, the amount of 105 00:05:04,800 --> 00:05:07,920 Speaker 1: money and bitcoin coming into these funds is about ten 106 00:05:08,000 --> 00:05:12,880 Speaker 1: to twelve times higher than the new bitcoin being created. Now. 107 00:05:12,880 --> 00:05:14,719 Speaker 1: Some people might argue this is a little bit simplistic, 108 00:05:14,760 --> 00:05:17,279 Speaker 1: but I like to understand things from a simplistic level, 109 00:05:17,279 --> 00:05:21,080 Speaker 1: and that is supply and demand. When there's more demand, 110 00:05:21,720 --> 00:05:24,080 Speaker 1: then there is supply, prices go up. Now, there's lots 111 00:05:24,080 --> 00:05:27,040 Speaker 1: of things that would affect both the supply and the demand. 112 00:05:27,320 --> 00:05:29,520 Speaker 1: But it does get down that simple. And what we 113 00:05:29,640 --> 00:05:32,880 Speaker 1: know is that there is new bitcoin being created every day. 114 00:05:33,040 --> 00:05:35,599 Speaker 1: Every block, every ten minutes, there's a block, and in 115 00:05:35,680 --> 00:05:39,679 Speaker 1: every block there's bitcoin that get released, and that equates 116 00:05:39,720 --> 00:05:45,279 Speaker 1: to nine hundred per day. But that's the new bitcoin 117 00:05:45,320 --> 00:05:48,640 Speaker 1: being created. Now, there's obviously existing bitcoin. There's nineteen million 118 00:05:48,680 --> 00:05:51,160 Speaker 1: bitcoin or twenty million bitcoin roughly that there will never 119 00:05:51,200 --> 00:05:53,000 Speaker 1: be more than twenty one million, but right now there's 120 00:05:53,040 --> 00:05:56,680 Speaker 1: about nineteen ish twenty million ish floating around, but most 121 00:05:56,760 --> 00:05:58,640 Speaker 1: of that is locked up in long term storage. Now 122 00:05:58,720 --> 00:06:00,160 Speaker 1: it could come off the market and be so hold 123 00:06:00,160 --> 00:06:02,560 Speaker 1: at a certain price. Sure, so that could be recirculated. 124 00:06:03,000 --> 00:06:06,039 Speaker 1: But like any new asset, like oil, like a commodity, 125 00:06:06,279 --> 00:06:08,840 Speaker 1: a commodity aset like oil or like gold, there's new 126 00:06:08,920 --> 00:06:13,279 Speaker 1: supply what we call flow, being added to the existing stock. 127 00:06:13,320 --> 00:06:16,359 Speaker 1: It's a stock to flow ratio, all right. So we 128 00:06:16,400 --> 00:06:19,680 Speaker 1: can see the amount of new stock or sorry, the 129 00:06:19,720 --> 00:06:22,279 Speaker 1: new flow of oil, the new flow of gold. We 130 00:06:22,279 --> 00:06:24,520 Speaker 1: can see the new flow of bitcoin. And what we 131 00:06:24,560 --> 00:06:26,400 Speaker 1: can see is that it is about nine hundred bitcoin 132 00:06:26,400 --> 00:06:29,880 Speaker 1: per day being added. But the ETFs are buying about 133 00:06:30,000 --> 00:06:33,360 Speaker 1: nine to ten thousand per day, so ten to twelve 134 00:06:33,520 --> 00:06:37,920 Speaker 1: times the demand of the newly created supply. All right, 135 00:06:37,960 --> 00:06:40,720 Speaker 1: and so this starts to lead to fomo. Now what 136 00:06:40,720 --> 00:06:43,599 Speaker 1: do I mean by that? This is it's like a 137 00:06:43,640 --> 00:06:47,679 Speaker 1: self fulfilling prophecy, if you will. As bitcoin goes up faster, 138 00:06:48,160 --> 00:06:50,200 Speaker 1: more people hear about it and want to get in. 139 00:06:50,200 --> 00:06:51,080 Speaker 2: I don't want to be left behind. 140 00:06:51,080 --> 00:06:53,320 Speaker 1: I'm going to buy some more, which then pushes the 141 00:06:53,320 --> 00:06:55,680 Speaker 1: price up higher, which then means more people hear about 142 00:06:55,720 --> 00:06:57,520 Speaker 1: it and they want to get in, which then pushes 143 00:06:57,560 --> 00:06:59,559 Speaker 1: the price up people even higher, and then it starts 144 00:06:59,560 --> 00:07:01,840 Speaker 1: happening in the ETFs, in the financial space. So what 145 00:07:01,880 --> 00:07:05,000 Speaker 1: happens is then this financial advisor that puts in his 146 00:07:05,040 --> 00:07:07,880 Speaker 1: portfolio starts out performing everybody else, So everybody else says, 147 00:07:07,880 --> 00:07:10,400 Speaker 1: we'll shoot. Then I should put it into my portfolio. 148 00:07:10,680 --> 00:07:12,360 Speaker 1: And then they start out performing, and then well I 149 00:07:12,400 --> 00:07:14,400 Speaker 1: need to keep up, so I'll put it in. And 150 00:07:14,440 --> 00:07:16,280 Speaker 1: then as they put it in, the price goes up, 151 00:07:16,360 --> 00:07:18,240 Speaker 1: and then more people jump in and the price goes up, 152 00:07:18,280 --> 00:07:22,640 Speaker 1: and it starts to be this self perpetuating, self fulfillient cycle, 153 00:07:22,680 --> 00:07:25,600 Speaker 1: if you will. Then we add in some events such 154 00:07:25,680 --> 00:07:27,720 Speaker 1: as in the next couple of months, we have the 155 00:07:27,760 --> 00:07:30,240 Speaker 1: supply will be cut in half from nine hundred bitcoin 156 00:07:30,280 --> 00:07:34,000 Speaker 1: per day to four hundred and fifty new coins per day, which, 157 00:07:34,120 --> 00:07:36,520 Speaker 1: all things being the same, if the demand stays the same, 158 00:07:37,040 --> 00:07:40,280 Speaker 1: what happens and you cut the supply in half? What 159 00:07:40,440 --> 00:07:44,920 Speaker 1: happens to the price? You don't have to guess. 160 00:07:45,080 --> 00:07:45,960 Speaker 2: So what does that mean? 161 00:07:46,000 --> 00:07:49,200 Speaker 1: Well, we know that that puts upward pressure on the price. 162 00:07:49,240 --> 00:07:51,280 Speaker 1: That's exactly what we're seeing. Where could it go? Well, 163 00:07:51,280 --> 00:07:53,880 Speaker 1: we know the previous high was sixty nine thousand, and 164 00:07:54,200 --> 00:07:57,920 Speaker 1: typically you'll take out the previous high, but maybe that 165 00:07:57,960 --> 00:07:59,920 Speaker 1: could happen before the happening in the next ninety days 166 00:07:59,960 --> 00:08:03,160 Speaker 1: or so. Could we get to one hundred thousand in 167 00:08:03,160 --> 00:08:05,280 Speaker 1: the next couple of months. Maybe we don't really know 168 00:08:05,360 --> 00:08:07,200 Speaker 1: where it can go. I don't have a crystal ball. 169 00:08:07,240 --> 00:08:09,880 Speaker 1: I wish I could tell you, But we know that 170 00:08:10,120 --> 00:08:13,480 Speaker 1: it's going up now. Part of the reason why it's 171 00:08:13,520 --> 00:08:15,800 Speaker 1: going up is because of the supply demand in balance 172 00:08:15,800 --> 00:08:19,200 Speaker 1: that I'm talking about. The other metric, the other thing 173 00:08:19,240 --> 00:08:22,000 Speaker 1: that we're watching is also the demand coming from the 174 00:08:23,080 --> 00:08:24,960 Speaker 1: use case of it. And so what do I mean 175 00:08:25,000 --> 00:08:27,760 Speaker 1: by that? There's a lot of problems and solutions are 176 00:08:27,800 --> 00:08:30,600 Speaker 1: supposed to come to problems. A lot of people may argue, 177 00:08:31,480 --> 00:08:34,400 Speaker 1: not intelligently, but that bitcoin doesn't have any use cases. 178 00:08:34,400 --> 00:08:35,840 Speaker 2: But it does. It has lots of use cases. 179 00:08:35,960 --> 00:08:37,280 Speaker 1: It gives me a way to store my wealth in 180 00:08:37,280 --> 00:08:39,360 Speaker 1: a way that can't be debased and printed. So when 181 00:08:39,360 --> 00:08:42,080 Speaker 1: they're printing endless amounts of money, I want something. So 182 00:08:42,120 --> 00:08:44,040 Speaker 1: every time they print more money, it sort of like 183 00:08:44,160 --> 00:08:46,360 Speaker 1: creates the poster child or the use case of. 184 00:08:46,280 --> 00:08:47,280 Speaker 2: Why I should own bitcoin. 185 00:08:47,559 --> 00:08:50,200 Speaker 1: Every time a government tries to become more authoritarian and 186 00:08:50,480 --> 00:08:52,679 Speaker 1: censor one of my transactions, tell me what I can 187 00:08:52,760 --> 00:08:54,760 Speaker 1: and can't spend money on, it sort of makes me 188 00:08:54,800 --> 00:08:57,920 Speaker 1: want to find an alternative like bitcoin that's censorship resistant. 189 00:08:57,920 --> 00:09:00,360 Speaker 1: And so while we have this supply demand metrich that's 190 00:09:00,400 --> 00:09:03,520 Speaker 1: being driven by what we call NNGU or number go 191 00:09:03,840 --> 00:09:06,880 Speaker 1: up technology. We say that in a joking way, at 192 00:09:06,920 --> 00:09:09,559 Speaker 1: the end of the day, there's real utility that will 193 00:09:09,600 --> 00:09:12,360 Speaker 1: start catching up, that is catching up as governments continue 194 00:09:12,360 --> 00:09:15,240 Speaker 1: to print more money, as governments continue to get more authoritarian. 195 00:09:16,080 --> 00:09:18,320 Speaker 1: And it's all happening right at the time. The government's 196 00:09:18,320 --> 00:09:21,240 Speaker 1: about to print money, and we're going into a having cycle. 197 00:09:21,640 --> 00:09:22,600 Speaker 2: You better buckle up. 198 00:09:22,760 --> 00:09:24,080 Speaker 1: If you're just tune in, you're listening to the Mark 199 00:09:24,120 --> 00:09:26,240 Speaker 1: Maas Show running through some of the latest breaking news 200 00:09:26,960 --> 00:09:28,559 Speaker 1: this week as we look at the world through the 201 00:09:28,640 --> 00:09:30,960 Speaker 1: lens of politics, finance, and technology. I'll be back with 202 00:09:31,000 --> 00:09:32,120 Speaker 1: more in a minute. You don't want to miss it, 203 00:09:32,120 --> 00:09:34,200 Speaker 1: don't go away, I'll wear back, all. 204 00:09:34,160 --> 00:09:34,640 Speaker 2: Right, Welcome back. 205 00:09:34,679 --> 00:09:36,280 Speaker 1: If you just tune in, you're listening to the Mark 206 00:09:36,360 --> 00:09:39,439 Speaker 1: Maas Show, and we're going to talk about something a 207 00:09:39,520 --> 00:09:42,360 Speaker 1: little bit different than I normally talk about because it's 208 00:09:42,400 --> 00:09:44,200 Speaker 1: something that I've been getting over and over and over 209 00:09:44,320 --> 00:09:47,679 Speaker 1: across my social media platforms of people asking me these 210 00:09:47,720 --> 00:09:50,600 Speaker 1: types of questions. And we typically talk about the world 211 00:09:50,640 --> 00:09:53,360 Speaker 1: through the lens of politics, finance, and technology and trying 212 00:09:53,360 --> 00:09:56,480 Speaker 1: to understand the world from this frame of lens. And 213 00:09:56,559 --> 00:10:00,160 Speaker 1: for me specifically, it's so that I can improve my life. 214 00:10:00,280 --> 00:10:04,080 Speaker 1: I can further myself towards my goals that I have 215 00:10:04,160 --> 00:10:06,400 Speaker 1: for myself and for my family and so forth. And 216 00:10:06,440 --> 00:10:10,840 Speaker 1: so I want to understand what's going on with the politicians, 217 00:10:10,880 --> 00:10:12,839 Speaker 1: and what's going on with the financial system, and what's 218 00:10:12,840 --> 00:10:15,640 Speaker 1: going on with new technology breakthroughs, so I can use 219 00:10:15,720 --> 00:10:19,959 Speaker 1: those things to front run the moves ultimately again, so 220 00:10:20,040 --> 00:10:22,720 Speaker 1: I can further the quality of my life, so I 221 00:10:22,720 --> 00:10:25,440 Speaker 1: can further my life, so I can have success in 222 00:10:25,480 --> 00:10:28,720 Speaker 1: my life. And I've been talking about these subjects specifically 223 00:10:28,720 --> 00:10:31,360 Speaker 1: a lot more recently, smaller short form content on my 224 00:10:31,440 --> 00:10:33,360 Speaker 1: social media, which if you're not following me, hit me 225 00:10:33,440 --> 00:10:36,120 Speaker 1: up at one Mark Moss. Just go to my website 226 00:10:36,120 --> 00:10:38,719 Speaker 1: one Markmoss dot com. One Markmoss dot com. It's that's 227 00:10:38,760 --> 00:10:41,240 Speaker 1: the number one. I have everything linked there. But I've 228 00:10:41,240 --> 00:10:44,080 Speaker 1: been putting a lot of content on Instagram lately, doing 229 00:10:44,360 --> 00:10:46,760 Speaker 1: daily lives over there every day in the morning. Hit 230 00:10:46,800 --> 00:10:49,000 Speaker 1: me up on those. It's just at Mark Moss there. 231 00:10:50,240 --> 00:10:51,719 Speaker 1: And I've been getting lot of questions as we talk 232 00:10:51,760 --> 00:10:53,719 Speaker 1: about navigating what's going on with the FED sort of 233 00:10:53,760 --> 00:10:55,440 Speaker 1: the daily play by play off, what are they doing 234 00:10:55,480 --> 00:10:57,480 Speaker 1: with the with the interest rates, and what's going on 235 00:10:57,520 --> 00:10:59,880 Speaker 1: with the with the credit card cycles and the money 236 00:11:00,080 --> 00:11:02,240 Speaker 1: bank and all these different things. How can we navigate 237 00:11:02,280 --> 00:11:04,320 Speaker 1: all this? And the one thing that kind of keeps 238 00:11:04,320 --> 00:11:08,000 Speaker 1: coming up over and over and over is how can 239 00:11:08,040 --> 00:11:11,200 Speaker 1: we have more success by using these tools? And I 240 00:11:11,200 --> 00:11:13,480 Speaker 1: started thinking about this as I've been answering these people 241 00:11:13,480 --> 00:11:16,720 Speaker 1: and a couple things came up, and there's five things 242 00:11:16,760 --> 00:11:19,880 Speaker 1: that I want to run you through, and it's how 243 00:11:19,880 --> 00:11:21,720 Speaker 1: we can have more success, how we can improve their 244 00:11:21,800 --> 00:11:23,800 Speaker 1: quality of lives. But we have to understand first of all, 245 00:11:24,080 --> 00:11:27,280 Speaker 1: that success isn't guaranteed. There's no guarantee of success. Some 246 00:11:27,320 --> 00:11:31,280 Speaker 1: people have success, some people don't, and oftentimes the difference 247 00:11:31,280 --> 00:11:33,199 Speaker 1: of those who have success in those who don't it's 248 00:11:33,360 --> 00:11:38,800 Speaker 1: very small, it's very minimal, but we know it's not guaranteed. Now, 249 00:11:38,840 --> 00:11:41,559 Speaker 1: I like to say that success doesn't care. Success doesn't 250 00:11:41,559 --> 00:11:45,600 Speaker 1: care about anything except for one thing. There's one thing 251 00:11:45,760 --> 00:11:49,800 Speaker 1: success cares about. Success doesn't care how old you are. 252 00:11:50,040 --> 00:11:52,040 Speaker 1: Doesn't care if you're at the end of your career, 253 00:11:52,160 --> 00:11:54,320 Speaker 1: sixty or seventy. It doesn't care if you're too young 254 00:11:54,440 --> 00:11:56,440 Speaker 1: or eighteen or nineteen. Success does it doesn't care if 255 00:11:56,440 --> 00:11:57,160 Speaker 1: you're fifteen or sixty. 256 00:11:57,160 --> 00:11:57,640 Speaker 2: It doesn't care. 257 00:11:58,120 --> 00:12:02,720 Speaker 1: Success doesn't care if you're tired or if you're hungry. 258 00:12:03,040 --> 00:12:06,240 Speaker 1: Success doesn't care if you're stressed out. Success doesn't care 259 00:12:06,280 --> 00:12:09,640 Speaker 1: if you're depressed. Doesn't care about any of that. Success 260 00:12:09,679 --> 00:12:12,000 Speaker 1: doesn't care if your dog died, if your girlfriend broke 261 00:12:12,040 --> 00:12:13,800 Speaker 1: up with you, if your car broke down. Sess doesn't 262 00:12:13,800 --> 00:12:17,320 Speaker 1: care about any of that. Success is ruthless. Success cares 263 00:12:17,360 --> 00:12:23,040 Speaker 1: about one thing. The one thing is results. That's all 264 00:12:23,360 --> 00:12:26,120 Speaker 1: do the work. Did you do the work to achieve 265 00:12:26,160 --> 00:12:29,120 Speaker 1: the results, and that's its Success is a meritocracy. If 266 00:12:29,160 --> 00:12:31,320 Speaker 1: I did the work, I get the results and that's it. 267 00:12:32,320 --> 00:12:35,120 Speaker 1: So regardless of if you're depressed, if you're hungry, if 268 00:12:35,120 --> 00:12:37,040 Speaker 1: you're tired, or if your dog died or your girlfriend 269 00:12:37,040 --> 00:12:39,360 Speaker 1: broke up with you, regardless of any of that, or 270 00:12:39,360 --> 00:12:41,840 Speaker 1: how old you are, if you do the work. 271 00:12:42,559 --> 00:12:44,240 Speaker 2: Then you should be able to get the outcome. 272 00:12:45,000 --> 00:12:47,360 Speaker 1: And so we'll break down five things that I want 273 00:12:47,400 --> 00:12:51,080 Speaker 1: to talk about specifically in order to guarantee that you 274 00:12:51,080 --> 00:12:53,360 Speaker 1: can do this. The one thing guarantee this, and so 275 00:12:53,720 --> 00:12:55,679 Speaker 1: I'm going to break these down. The first one is 276 00:12:56,200 --> 00:12:58,079 Speaker 1: doing the work right, so already talked about that, and 277 00:12:58,400 --> 00:13:00,920 Speaker 1: really ultimately what it comes down to is the commitment 278 00:13:01,400 --> 00:13:04,120 Speaker 1: to doing the work, a commitment to trying to do 279 00:13:04,160 --> 00:13:08,880 Speaker 1: the work, because again, success isn't guaranteed, but the guaranteed 280 00:13:09,160 --> 00:13:14,800 Speaker 1: lies in the outcome of not trying. So a lot 281 00:13:14,840 --> 00:13:16,040 Speaker 1: of times what we want to do is we want 282 00:13:16,040 --> 00:13:20,040 Speaker 1: to do like inversion thinking, what's the opposite. Typically, when 283 00:13:20,080 --> 00:13:22,280 Speaker 1: I want to set a goal, I think about what 284 00:13:22,320 --> 00:13:24,880 Speaker 1: are all the things I have to do in order 285 00:13:24,920 --> 00:13:26,960 Speaker 1: to achieve the goal. Another way to think about it 286 00:13:27,000 --> 00:13:28,760 Speaker 1: is what are all the things I'm going to have 287 00:13:28,840 --> 00:13:32,959 Speaker 1: to give up to achieve the goal. That's an inversion thinking, 288 00:13:33,280 --> 00:13:35,360 Speaker 1: And so we can also think about success sort of 289 00:13:35,400 --> 00:13:38,559 Speaker 1: the same way. Success is not guaranteed, So should I try? 290 00:13:38,679 --> 00:13:41,240 Speaker 1: What if I fail? But what we do know is 291 00:13:41,280 --> 00:13:46,280 Speaker 1: there is a guarantee in not trying at all. So 292 00:13:46,400 --> 00:13:52,880 Speaker 1: if I'm faced with either one guaranteed failure or maybe success, 293 00:13:53,280 --> 00:13:57,320 Speaker 1: why not take them maybe success. So that's the first 294 00:13:57,320 --> 00:13:59,640 Speaker 1: thing we always have to commit to trying. Now, a 295 00:13:59,640 --> 00:14:01,280 Speaker 1: lot of people and this is a question I've been 296 00:14:01,280 --> 00:14:03,360 Speaker 1: asked a couple of times this week on my Instagram 297 00:14:03,360 --> 00:14:05,400 Speaker 1: live streams again at Mark Moss hit me up. There 298 00:14:05,600 --> 00:14:07,280 Speaker 1: have been asked about Mark, but how do you deal 299 00:14:07,320 --> 00:14:11,360 Speaker 1: with analysis paralysis? I'm not sure what I should be doing. 300 00:14:12,040 --> 00:14:15,400 Speaker 1: I'm afraid I may fail. I'm afraid that I don't 301 00:14:15,400 --> 00:14:18,360 Speaker 1: take the right action. I'm afraid that, you know, this 302 00:14:18,440 --> 00:14:20,280 Speaker 1: might not take me to my goal. And so this 303 00:14:20,320 --> 00:14:21,720 Speaker 1: is a big piece of it. So I need to 304 00:14:21,720 --> 00:14:23,880 Speaker 1: be committed to action. I have to be committed to 305 00:14:24,040 --> 00:14:28,040 Speaker 1: trying to advance myself towards success. But if I'm stuckond 306 00:14:28,080 --> 00:14:31,400 Speaker 1: this analysis prolysis, what do I do? And I'd say, 307 00:14:31,640 --> 00:14:34,480 Speaker 1: one understanding that if I don't do anything, I'm guaranteed failure, 308 00:14:34,520 --> 00:14:37,600 Speaker 1: so why not take the chance of failure? But another 309 00:14:37,640 --> 00:14:40,440 Speaker 1: part comes in where people can't decide which course of 310 00:14:40,520 --> 00:14:41,320 Speaker 1: action to take. 311 00:14:41,800 --> 00:14:43,479 Speaker 2: I don't know. I have these three opportunities. 312 00:14:43,560 --> 00:14:47,200 Speaker 1: Should I go, you know, should I go into doing 313 00:14:47,280 --> 00:14:50,400 Speaker 1: rental real estate? Or should I start selling products on eBay? 314 00:14:50,840 --> 00:14:53,920 Speaker 1: Or should I do drop Chip e commerce? Or should 315 00:14:53,920 --> 00:14:57,280 Speaker 1: I start a social media market agency? Like any of 316 00:14:57,320 --> 00:14:58,040 Speaker 1: those could be good? 317 00:14:58,520 --> 00:15:00,000 Speaker 2: But which one do I choose? Which one do I choo? 318 00:15:00,240 --> 00:15:02,440 Speaker 1: I'm stuck, I'm analysis prowess, I'm analyzing. 319 00:15:02,080 --> 00:15:02,680 Speaker 2: Him too deeply. 320 00:15:02,960 --> 00:15:05,000 Speaker 1: Well, part of that is that I like to say 321 00:15:05,040 --> 00:15:08,960 Speaker 1: that action leads to clarity. You see, you're never going 322 00:15:09,040 --> 00:15:11,600 Speaker 1: to know until you start taking action. I use this 323 00:15:11,640 --> 00:15:13,560 Speaker 1: analogy quite a bit. If I was walking through the 324 00:15:13,560 --> 00:15:15,240 Speaker 1: forest and I came to a fork in the road 325 00:15:15,280 --> 00:15:17,560 Speaker 1: and there was two paths, and I'm like, oh, what 326 00:15:16,960 --> 00:15:18,280 Speaker 1: was it left or right? 327 00:15:18,360 --> 00:15:19,880 Speaker 2: Left or right? I forget left or right. 328 00:15:20,080 --> 00:15:22,200 Speaker 1: I could be there till all of eternity, thinking left 329 00:15:22,240 --> 00:15:24,800 Speaker 1: or right and still not know the answer. The only 330 00:15:24,840 --> 00:15:26,440 Speaker 1: way I'm ever going to know is I'm going to 331 00:15:26,520 --> 00:15:29,920 Speaker 1: start down one path, and after I start walking down 332 00:15:29,920 --> 00:15:33,200 Speaker 1: the path, that action will lead to clarity. Oh shoot, 333 00:15:33,200 --> 00:15:34,840 Speaker 1: this isn't the right one. I don't remember, this is 334 00:15:34,920 --> 00:15:36,240 Speaker 1: the wrong one. I need to go to the other path, 335 00:15:36,560 --> 00:15:38,120 Speaker 1: or this is the right one, and I keep going. 336 00:15:38,320 --> 00:15:41,080 Speaker 1: But it was only by taking action did I get 337 00:15:41,120 --> 00:15:43,480 Speaker 1: clarity towards that. And so a lot of us are 338 00:15:43,480 --> 00:15:45,840 Speaker 1: stuck with this analysis prowess as and the goal or 339 00:15:45,880 --> 00:15:48,280 Speaker 1: the key is that we must be taking action if 340 00:15:48,280 --> 00:15:51,080 Speaker 1: we want to get the clarity of how to move forward. 341 00:15:51,840 --> 00:15:54,440 Speaker 1: The action is what will lead to that clarity. Now 342 00:15:54,560 --> 00:15:57,800 Speaker 1: also part of it Alex HERMOSI, if you're not following him, 343 00:15:57,800 --> 00:16:00,400 Speaker 1: you should. He's definitely worth a follow. I saw tweet 344 00:16:00,400 --> 00:16:04,680 Speaker 1: out this week. He said that people don't find their passion, 345 00:16:05,360 --> 00:16:07,400 Speaker 1: they build it. And I find a lot of people 346 00:16:07,400 --> 00:16:09,880 Speaker 1: that I've coached, younger people specifically, they all think they 347 00:16:09,960 --> 00:16:11,640 Speaker 1: have to go find their passion. But there is no 348 00:16:11,800 --> 00:16:15,760 Speaker 1: finding your passion. What it is is defining and optimizing 349 00:16:15,760 --> 00:16:17,840 Speaker 1: your passion over time, because you have a passion for 350 00:16:18,040 --> 00:16:20,320 Speaker 1: skills that you've been able to build up and develop. 351 00:16:21,760 --> 00:16:25,320 Speaker 1: I love surfing. I have a passion for surfing. But 352 00:16:25,360 --> 00:16:27,560 Speaker 1: I've only got the passion for surfing because I've been surfing. 353 00:16:27,640 --> 00:16:29,200 Speaker 1: I had to start surfing before, and then I had 354 00:16:29,200 --> 00:16:31,480 Speaker 1: to get good at surfing before I developed a passion 355 00:16:31,480 --> 00:16:33,720 Speaker 1: for surfing. Most people try it one time and they 356 00:16:33,720 --> 00:16:35,400 Speaker 1: hate it. It's like the hardest work that you know whatever. 357 00:16:35,560 --> 00:16:37,120 Speaker 1: And so it's like you have to try things, you 358 00:16:37,120 --> 00:16:39,200 Speaker 1: have to do things. You have to achieve some level 359 00:16:39,240 --> 00:16:41,400 Speaker 1: of success and build some skill doing those things, and 360 00:16:41,440 --> 00:16:44,040 Speaker 1: then you get the passion for it. And so like 361 00:16:44,040 --> 00:16:48,680 Speaker 1: I use this analogy, let's say that I got it. 362 00:16:48,760 --> 00:16:52,600 Speaker 1: I see my friend has a catering business. Let me 363 00:16:52,600 --> 00:16:54,680 Speaker 1: start working with you. And I find out when I'm 364 00:16:54,680 --> 00:16:58,960 Speaker 1: working at the catering business, man, I really don't like 365 00:16:59,000 --> 00:17:00,880 Speaker 1: the cooking part at all, but like setting up the 366 00:17:00,920 --> 00:17:03,160 Speaker 1: events and stuff was pretty fun. So I decided, you 367 00:17:03,160 --> 00:17:05,240 Speaker 1: know what, let me move over, Let me change. 368 00:17:05,000 --> 00:17:05,399 Speaker 2: What I'm doing. 369 00:17:05,400 --> 00:17:07,560 Speaker 1: I want to start running events more. And then I 370 00:17:07,560 --> 00:17:10,400 Speaker 1: start doing more events less cooking, and then I start like, man, 371 00:17:10,480 --> 00:17:12,919 Speaker 1: I really hate like loading in all the chairs and 372 00:17:12,920 --> 00:17:15,440 Speaker 1: tables and setting up. What I really liked is more 373 00:17:15,520 --> 00:17:17,640 Speaker 1: designing the events. And then I sort of move over 374 00:17:17,640 --> 00:17:19,840 Speaker 1: into more of designing, and then I figured, well, it's 375 00:17:19,880 --> 00:17:21,560 Speaker 1: not just the designing part, it's actually like dealing with 376 00:17:21,560 --> 00:17:23,200 Speaker 1: the customers. And then I move more to like sales 377 00:17:23,240 --> 00:17:27,399 Speaker 1: and marketing on that, and over time, by learning what 378 00:17:27,440 --> 00:17:29,000 Speaker 1: I do like and don't like, I do more of 379 00:17:29,000 --> 00:17:30,439 Speaker 1: what I do like and less of what I don't like, 380 00:17:30,480 --> 00:17:32,600 Speaker 1: and I can develop and I can start to find 381 00:17:32,640 --> 00:17:33,760 Speaker 1: that passion through there. 382 00:17:34,119 --> 00:17:35,400 Speaker 2: All right, that's one. 383 00:17:35,600 --> 00:17:37,920 Speaker 1: There's a three more pieces that I want to hit 384 00:17:38,240 --> 00:17:42,119 Speaker 1: that can help you guarantee success. Now we know, like 385 00:17:42,160 --> 00:17:46,240 Speaker 1: I said, success isn't always guaranteed, but the opposite of that, 386 00:17:47,200 --> 00:17:50,640 Speaker 1: failure is guaranteed. Right if you do nothing, it's guaranteed. 387 00:17:50,640 --> 00:17:51,920 Speaker 1: And like I said, this is a response to a 388 00:17:51,920 --> 00:17:53,639 Speaker 1: bunch of questions that I've had. It's a little bit 389 00:17:53,640 --> 00:17:55,439 Speaker 1: off topic for what I normally talk about, but I 390 00:17:55,440 --> 00:17:56,840 Speaker 1: wanted to bring this to you today because I think 391 00:17:56,840 --> 00:17:59,879 Speaker 1: it's massive value for you as we discern through all 392 00:17:59,880 --> 00:18:03,560 Speaker 1: the information on markets, technology and politics. If you're just 393 00:18:03,600 --> 00:18:05,320 Speaker 1: tuning in staying to the Mark Moss Show, I'll be 394 00:18:05,320 --> 00:18:06,840 Speaker 1: back with more after a very short break. 395 00:18:06,880 --> 00:18:08,800 Speaker 2: You don't want to miss it, don't go away, I'll 396 00:18:08,800 --> 00:18:10,400 Speaker 2: be right back. All right, welcome back. 397 00:18:10,400 --> 00:18:11,840 Speaker 1: If you just tune in, you're listening to the Mark 398 00:18:11,840 --> 00:18:14,960 Speaker 1: Mass Show, and we're talking about the only guarantee to 399 00:18:15,080 --> 00:18:18,439 Speaker 1: success is that you won't achieve it if you do nothing. 400 00:18:19,080 --> 00:18:21,159 Speaker 1: And so the key is is that the opposite is 401 00:18:21,160 --> 00:18:23,560 Speaker 1: you have to do something even though there might be 402 00:18:23,600 --> 00:18:27,120 Speaker 1: a chance of failure. It's better than the guaranteed failure 403 00:18:27,200 --> 00:18:30,160 Speaker 1: of doing nothing. We talked about that. Now the second 404 00:18:30,240 --> 00:18:31,760 Speaker 1: part about this is I was talking about sort of 405 00:18:31,760 --> 00:18:35,520 Speaker 1: finding your way, and it's learning through mistakes. I tried 406 00:18:35,600 --> 00:18:37,639 Speaker 1: these things, I found out I'd like these, but I 407 00:18:37,680 --> 00:18:41,720 Speaker 1: didn't like these, or I found out this didn't work, 408 00:18:41,800 --> 00:18:45,639 Speaker 1: So let me try something else different. Right now, today, AI, 409 00:18:45,760 --> 00:18:47,760 Speaker 1: artificial intelligence is all the rage. If you think about 410 00:18:47,760 --> 00:18:50,639 Speaker 1: the way AI works, it's like it's like trying to 411 00:18:50,680 --> 00:18:53,120 Speaker 1: solve a task and it tries over over over over 412 00:18:53,200 --> 00:18:55,680 Speaker 1: over over over over fail fail fail fail fail ffalf Okay, 413 00:18:55,680 --> 00:18:57,439 Speaker 1: finally passed, it goes to the next step and then 414 00:18:57,480 --> 00:18:59,199 Speaker 1: it tries try to tries fiales fail sales fil sal. 415 00:18:59,240 --> 00:19:01,320 Speaker 1: It finally makes it goes the next step, and it's 416 00:19:01,359 --> 00:19:03,520 Speaker 1: able to do that very very quickly, but it has 417 00:19:03,560 --> 00:19:05,359 Speaker 1: to go through all the failures, just go through all 418 00:19:05,359 --> 00:19:08,000 Speaker 1: the attempts and tries before it finds the one that 419 00:19:08,040 --> 00:19:12,280 Speaker 1: actually works. And so we need to learn through our mistakes. 420 00:19:12,520 --> 00:19:15,120 Speaker 1: You've probably seen the meme card or the quote card 421 00:19:15,160 --> 00:19:18,280 Speaker 1: with the lying on it. I never lose. I either 422 00:19:18,440 --> 00:19:21,199 Speaker 1: win or I learn. And so we either get it 423 00:19:21,200 --> 00:19:23,840 Speaker 1: our first try, which typically doesn't happen, or we do 424 00:19:24,160 --> 00:19:27,159 Speaker 1: through a series of trial and error and continue to 425 00:19:27,200 --> 00:19:29,560 Speaker 1: tweak and tweak and tweak and re optimize until we 426 00:19:29,640 --> 00:19:31,600 Speaker 1: get that success that we need. So we have to 427 00:19:31,640 --> 00:19:33,960 Speaker 1: be we have to understand that we learn from our mistakes. 428 00:19:34,119 --> 00:19:36,439 Speaker 1: We have to understand that it's inevitable that we're going 429 00:19:36,520 --> 00:19:41,000 Speaker 1: to make mistakes when we're executing on these plans. But 430 00:19:41,080 --> 00:19:43,639 Speaker 1: we also have to understand that every time we fail, 431 00:19:44,000 --> 00:19:48,640 Speaker 1: it's an opportunity for gathering new skills, honing new skills, 432 00:19:48,800 --> 00:19:52,160 Speaker 1: improving what we have. I like to think of problems 433 00:19:52,240 --> 00:19:56,520 Speaker 1: are not there, They're not there to us, they're there 434 00:19:56,640 --> 00:19:58,800 Speaker 1: for us. And so what do I mean by that? 435 00:19:59,000 --> 00:20:01,000 Speaker 1: Like we can think of every time we see a 436 00:20:01,040 --> 00:20:04,480 Speaker 1: problem as like, oh, my gosh, Why does this bad 437 00:20:04,520 --> 00:20:07,639 Speaker 1: stuff always happen to me? I can't believe I have 438 00:20:07,720 --> 00:20:09,399 Speaker 1: to deal with this again. We look at that problem 439 00:20:09,400 --> 00:20:12,040 Speaker 1: as something happening to us, as opposed to being there 440 00:20:12,080 --> 00:20:15,479 Speaker 1: something for there there for us. So like, wow, now 441 00:20:15,520 --> 00:20:17,120 Speaker 1: I get to learn a new skill. Now I get 442 00:20:17,119 --> 00:20:18,840 Speaker 1: to try something I've never tried before. And so we 443 00:20:18,880 --> 00:20:21,360 Speaker 1: could look at a different way. Most of you guys 444 00:20:21,359 --> 00:20:23,480 Speaker 1: probably know I talk about quite a bit. I ride dirtbikes. 445 00:20:23,480 --> 00:20:25,640 Speaker 1: I go racing dirt bikes, and I still. 446 00:20:25,400 --> 00:20:26,480 Speaker 2: Write a lot of off road. 447 00:20:26,520 --> 00:20:29,800 Speaker 1: And when we're riding our dirtbikes off road, somebody who 448 00:20:29,800 --> 00:20:31,840 Speaker 1: maybe hasn't ridden dirt bikes before would be on this 449 00:20:31,960 --> 00:20:34,240 Speaker 1: road and go, man, why is this so rough? I 450 00:20:34,280 --> 00:20:36,040 Speaker 1: can't believe all these bumps in the road. 451 00:20:36,359 --> 00:20:37,120 Speaker 2: This is horrible. 452 00:20:37,400 --> 00:20:39,479 Speaker 1: But for me, because I'm advanced, I look at those 453 00:20:39,520 --> 00:20:41,840 Speaker 1: bumps and go, oh, I'm gonna jump this one, I'm 454 00:20:41,880 --> 00:20:43,560 Speaker 1: gonna hit that one. I'm gonna jump over to there. 455 00:20:43,600 --> 00:20:47,280 Speaker 1: And those bumps are there for me to have fun with, 456 00:20:47,520 --> 00:20:48,760 Speaker 1: as opposed to beginner we'd. 457 00:20:48,560 --> 00:20:50,560 Speaker 2: Look at them as tortures. That makes sense, and so. 458 00:20:50,520 --> 00:20:52,359 Speaker 1: We want to learn through our mistakes. That quote I 459 00:20:52,400 --> 00:20:55,280 Speaker 1: like to say is that a smooth sea's never made 460 00:20:55,280 --> 00:20:56,200 Speaker 1: a skilled sailor. 461 00:20:56,280 --> 00:20:56,399 Speaker 2: Right. 462 00:20:56,480 --> 00:20:59,719 Speaker 1: So success is a horrible teacher. We learn from our mistakes, 463 00:21:00,040 --> 00:21:02,240 Speaker 1: makes us try new things, and so we have to 464 00:21:02,320 --> 00:21:04,399 Speaker 1: understand that we have to understand that we're going to 465 00:21:04,440 --> 00:21:06,760 Speaker 1: make mistakes. This is what it holds people back is 466 00:21:06,800 --> 00:21:08,480 Speaker 1: they're afraid of making mistakes. We have to understand that 467 00:21:08,480 --> 00:21:09,600 Speaker 1: we are going to make mistakes. 468 00:21:09,640 --> 00:21:10,399 Speaker 2: That's the key. 469 00:21:11,040 --> 00:21:13,760 Speaker 1: They're there for us to learn, and that it's through 470 00:21:13,840 --> 00:21:17,679 Speaker 1: continuous effort and learning from these mistakes over time that 471 00:21:17,760 --> 00:21:20,920 Speaker 1: continue to lead to better and better results. Again, success 472 00:21:20,960 --> 00:21:23,080 Speaker 1: is a horrible teacher, because if I were to just 473 00:21:23,160 --> 00:21:26,440 Speaker 1: get it right the first time, then I might just go, oh, okay, 474 00:21:26,480 --> 00:21:28,040 Speaker 1: well it's good enough. I'll move on to the next thing, 475 00:21:28,040 --> 00:21:30,520 Speaker 1: without ever really taking the time to hone it in. 476 00:21:30,640 --> 00:21:31,320 Speaker 2: Could it be better? 477 00:21:31,960 --> 00:21:35,159 Speaker 1: Again? Continuous effort, continuous learning. Could I continue to tweet it? 478 00:21:35,200 --> 00:21:36,360 Speaker 1: Could I continue to make it. 479 00:21:36,240 --> 00:21:37,160 Speaker 2: Better and better and better? 480 00:21:37,640 --> 00:21:40,920 Speaker 1: And so that's what leads to better results all the time. Now, 481 00:21:40,960 --> 00:21:46,080 Speaker 1: another key would be the value of self assessment. This 482 00:21:46,160 --> 00:21:48,520 Speaker 1: is a very key piece. Human beings are unique from 483 00:21:48,560 --> 00:21:50,760 Speaker 1: animals in many different ways, one of which is that 484 00:21:50,800 --> 00:21:53,200 Speaker 1: we can lie to ourselves, and we do all the time. 485 00:21:53,560 --> 00:21:56,760 Speaker 1: We lie to ourselves. We tell us, tell ourselves that 486 00:21:56,800 --> 00:21:58,680 Speaker 1: things are better than they are. A lot of times 487 00:21:58,720 --> 00:22:01,080 Speaker 1: some people tell yourself that it's it's worse than you are. 488 00:22:01,480 --> 00:22:03,800 Speaker 1: But we can lie to ourselves, we can let ourselves down, 489 00:22:04,720 --> 00:22:07,000 Speaker 1: and we can also selectively listen. 490 00:22:06,920 --> 00:22:08,440 Speaker 2: And avoid harsh realities. 491 00:22:09,359 --> 00:22:12,280 Speaker 1: Ain Ran, the author of Atlas Shrug, says that we 492 00:22:12,320 --> 00:22:14,760 Speaker 1: can choose to ignore reality, but we can't ignore the 493 00:22:14,800 --> 00:22:18,280 Speaker 1: consequences of reality. I like to say that an ostrich 494 00:22:18,320 --> 00:22:20,320 Speaker 1: can bury its head in the sand, but it can't 495 00:22:20,560 --> 00:22:24,119 Speaker 1: keep it from being eaten. And so a lot of times, 496 00:22:24,160 --> 00:22:27,919 Speaker 1: and I'm guilty of this myself, I don't want to 497 00:22:27,920 --> 00:22:29,919 Speaker 1: look at things that I know are a problem, I 498 00:22:30,000 --> 00:22:31,679 Speaker 1: know are bad. I don't want to deal with it. 499 00:22:31,760 --> 00:22:33,479 Speaker 1: I don't want to face it. I just want to 500 00:22:33,520 --> 00:22:35,480 Speaker 1: just ignore it and pretend it's not there and. 501 00:22:35,400 --> 00:22:36,320 Speaker 2: Maybe it'll go away. 502 00:22:37,200 --> 00:22:39,000 Speaker 1: But the truth is, it doesn't go away, and it 503 00:22:39,040 --> 00:22:41,399 Speaker 1: only gets worse the longer we leave it there. And also, 504 00:22:42,640 --> 00:22:46,159 Speaker 1: not looking at ourselves truthfully would lead to the same thing. 505 00:22:46,200 --> 00:22:48,400 Speaker 1: And so the importance of a self assessment and an 506 00:22:48,480 --> 00:22:52,720 Speaker 1: honest evaluation of our performance. So when I'm coaching people 507 00:22:52,720 --> 00:22:57,640 Speaker 1: through building their financial life and their business, the first 508 00:22:57,680 --> 00:22:59,399 Speaker 1: thing that we do is we take an assessment, and 509 00:22:59,400 --> 00:23:02,440 Speaker 1: we take a very honest assessment, and we look at 510 00:23:02,440 --> 00:23:05,440 Speaker 1: things that most people don't want to look at. How 511 00:23:05,520 --> 00:23:09,440 Speaker 1: much savings do you have? How much are you spending? 512 00:23:09,520 --> 00:23:12,880 Speaker 1: Do you have a plan for how you spend your 513 00:23:12,880 --> 00:23:14,240 Speaker 1: money or you just spend whatever? 514 00:23:14,320 --> 00:23:14,600 Speaker 2: Do you have? 515 00:23:14,640 --> 00:23:18,119 Speaker 1: Do you have multiple bank accounts? What are your investments? Like, 516 00:23:18,200 --> 00:23:20,920 Speaker 1: let's dig in, and do you understand what they are? 517 00:23:21,280 --> 00:23:23,040 Speaker 1: And all these things? And a lot of times people don't. 518 00:23:23,119 --> 00:23:24,960 Speaker 1: They don't know this information and they don't even want 519 00:23:25,000 --> 00:23:27,720 Speaker 1: to get it because they just as long as money 520 00:23:27,800 --> 00:23:29,760 Speaker 1: keeps coming in and my bills keep getting paid, that 521 00:23:29,760 --> 00:23:30,080 Speaker 1: I'm fine. 522 00:23:30,119 --> 00:23:30,800 Speaker 2: It's kind of like. 523 00:23:32,560 --> 00:23:34,200 Speaker 1: I wasn't born with a silver spoon in my mouth, 524 00:23:34,280 --> 00:23:37,000 Speaker 1: and I had some pretty bad cars when I turned 525 00:23:37,000 --> 00:23:39,200 Speaker 1: sixteen and seventeen eighteen, I had some pretty bad cars. 526 00:23:39,240 --> 00:23:43,200 Speaker 1: And I had this old Volkswagen bug and the thing 527 00:23:43,240 --> 00:23:45,800 Speaker 1: was a pretty big piece of junk, and it would 528 00:23:45,800 --> 00:23:47,600 Speaker 1: make all kinds of noises, and I put like this 529 00:23:47,840 --> 00:23:50,640 Speaker 1: really loud stereo in it, and I remember I would 530 00:23:50,680 --> 00:23:52,240 Speaker 1: just turn the stereo up, and I was like, as 531 00:23:52,280 --> 00:23:54,679 Speaker 1: long as the car just keeps going forward, I'm okay. 532 00:23:55,880 --> 00:23:57,760 Speaker 1: I didn't want to hear any of the noises that 533 00:23:57,800 --> 00:24:00,639 Speaker 1: could potentially be causing it to break down. I just 534 00:24:00,680 --> 00:24:02,679 Speaker 1: wanted to tune that out, listen to the music, and 535 00:24:02,720 --> 00:24:04,680 Speaker 1: as long as the car kept going forward, we were okay. 536 00:24:04,720 --> 00:24:07,000 Speaker 1: But a lot of us approach our lives and back 537 00:24:07,000 --> 00:24:08,760 Speaker 1: to the kind of money, we approach our business and 538 00:24:08,800 --> 00:24:10,840 Speaker 1: investments sort of the same way. Well, as long as 539 00:24:10,880 --> 00:24:12,320 Speaker 1: money keeps coming in and paying the bills, I guess 540 00:24:12,359 --> 00:24:16,199 Speaker 1: I'm okay. Without taking the honest self assessment and really 541 00:24:16,240 --> 00:24:20,320 Speaker 1: asking ourselves the tough questions. Now, the importance of doing 542 00:24:20,359 --> 00:24:24,080 Speaker 1: this is massive for lots of reasons, one of which 543 00:24:24,160 --> 00:24:27,360 Speaker 1: is that we need to be honest with ourselves where 544 00:24:27,359 --> 00:24:31,160 Speaker 1: we're at so that we can grow. But we also 545 00:24:31,200 --> 00:24:32,640 Speaker 1: want to be honest with ourselves so we can start 546 00:24:32,680 --> 00:24:37,120 Speaker 1: to identify, like, what are our strengths and weaknesses? Let 547 00:24:37,160 --> 00:24:39,040 Speaker 1: me do more of what I'm good at, maybe do 548 00:24:39,200 --> 00:24:42,280 Speaker 1: less of what I'm bad at, And only we can 549 00:24:42,320 --> 00:24:45,680 Speaker 1: only find that through that self assessment. The only way 550 00:24:45,680 --> 00:24:48,119 Speaker 1: we can personally grow is to find those areas that 551 00:24:48,160 --> 00:24:52,080 Speaker 1: we need improvement. And then measure that change throughout time. Now, 552 00:24:52,119 --> 00:24:53,560 Speaker 1: a lot of us in order to do that, we 553 00:24:53,600 --> 00:24:58,240 Speaker 1: need we need to improve our communication skills, our leadership skills, 554 00:24:58,240 --> 00:24:59,919 Speaker 1: and things like that. We'll get to that in a minute. 555 00:25:00,640 --> 00:25:02,399 Speaker 1: But at some point we have to sort of be 556 00:25:02,440 --> 00:25:04,280 Speaker 1: our own coach. We have to sort of guide ourselves, 557 00:25:04,560 --> 00:25:07,240 Speaker 1: and so we need that. Now back to the community skills. 558 00:25:07,440 --> 00:25:13,120 Speaker 1: I think about like culture, and unfortunately, modern culture today 559 00:25:13,600 --> 00:25:16,000 Speaker 1: seems to have sort of this bipolar this is our 560 00:25:16,040 --> 00:25:18,680 Speaker 1: third point, sort of has this bipolar. 561 00:25:18,160 --> 00:25:22,760 Speaker 2: View on work views towards work. 562 00:25:23,119 --> 00:25:25,920 Speaker 1: You have one group of people I address this on 563 00:25:25,920 --> 00:25:29,719 Speaker 1: one of my Instagram lives the other day that really 564 00:25:30,040 --> 00:25:32,880 Speaker 1: talk about this hustle culture and it's really a sort 565 00:25:32,920 --> 00:25:35,680 Speaker 1: of pioneered by Gary Vee. Shout out to Gary Vaynerchuk. 566 00:25:36,000 --> 00:25:38,080 Speaker 1: You know, I grind, grind, grind. No one's gonna work 567 00:25:38,080 --> 00:25:40,440 Speaker 1: harder than me. I work at nights, I work on weekends. 568 00:25:40,960 --> 00:25:42,720 Speaker 1: You see lots of people on Instagram. I'm talking about 569 00:25:42,720 --> 00:25:44,800 Speaker 1: the all the time. I don't take a break. I'm traveling, 570 00:25:44,800 --> 00:25:47,000 Speaker 1: but I keep the same routine. You know, you're out 571 00:25:47,040 --> 00:25:49,680 Speaker 1: on the weekends partying, I'm in the office working, I'm 572 00:25:49,680 --> 00:25:51,240 Speaker 1: going to outwork you, right, So we see that this 573 00:25:51,280 --> 00:25:54,640 Speaker 1: is the hustle culture. On the other side, we have 574 00:25:54,680 --> 00:25:57,960 Speaker 1: a whole culture on the other side that don't value 575 00:25:58,000 --> 00:26:00,520 Speaker 1: hard work and they just want to work for minimum 576 00:26:00,520 --> 00:26:02,439 Speaker 1: wag jobs and they want to complain that they can't 577 00:26:02,600 --> 00:26:05,000 Speaker 1: afford to have the life that they want. And so 578 00:26:05,040 --> 00:26:10,359 Speaker 1: we sort of have this bifurcation, if you will, and 579 00:26:10,440 --> 00:26:13,800 Speaker 1: it highlights the difference in the viewpoints, and neither of 580 00:26:13,840 --> 00:26:17,040 Speaker 1: those extremes are correct in my opinion. In the Instagram 581 00:26:17,119 --> 00:26:19,040 Speaker 1: live stream I did the other day, I broke down 582 00:26:19,119 --> 00:26:21,960 Speaker 1: why I think the hustle culture is partly right and 583 00:26:22,000 --> 00:26:25,080 Speaker 1: partly wrong, because there's times to hustle and grind that hard, 584 00:26:25,080 --> 00:26:28,600 Speaker 1: and there's also times to take a break. But specifically, 585 00:26:28,640 --> 00:26:30,119 Speaker 1: the point that I want to hit here is like, 586 00:26:30,280 --> 00:26:34,159 Speaker 1: who you're aligning yourself with in order to help you 587 00:26:34,240 --> 00:26:38,359 Speaker 1: through this? And so if I was, hypothetically I'm certainly 588 00:26:38,359 --> 00:26:41,760 Speaker 1: not if I was training for a triathlon, I would 589 00:26:41,760 --> 00:26:44,080 Speaker 1: want to be hanging out with people that are training 590 00:26:44,080 --> 00:26:46,479 Speaker 1: for triathlons, because if I'm hanging out with them, I'm 591 00:26:46,520 --> 00:26:48,240 Speaker 1: probably going to be running with them and riding back 592 00:26:48,280 --> 00:26:50,000 Speaker 1: to them and swimming with them. If I'm hanging out 593 00:26:50,040 --> 00:26:52,080 Speaker 1: with people that just sit at their mom's house and 594 00:26:52,119 --> 00:26:54,399 Speaker 1: watch Netflix and chill, then I'm probably gonna be a 595 00:26:54,400 --> 00:26:57,000 Speaker 1: Netflix and chilling And so we need to be around 596 00:26:57,080 --> 00:27:01,840 Speaker 1: other people who have similar goals and are working towards 597 00:27:01,880 --> 00:27:03,159 Speaker 1: those similar goals, so we can. 598 00:27:03,080 --> 00:27:04,160 Speaker 2: Draft off of each other. 599 00:27:06,359 --> 00:27:09,639 Speaker 1: We need to be advocates for hard work and persistence 600 00:27:10,960 --> 00:27:14,760 Speaker 1: and for results oriented orientation, and we need to be 601 00:27:14,800 --> 00:27:16,960 Speaker 1: working with other people. We need to be around, we 602 00:27:16,960 --> 00:27:18,680 Speaker 1: need to friends with and hang out with other people 603 00:27:18,680 --> 00:27:21,479 Speaker 1: that share those same ideologies. All right, Now, what we're 604 00:27:21,520 --> 00:27:24,639 Speaker 1: talking about success. One of the keys to success is 605 00:27:24,680 --> 00:27:27,840 Speaker 1: making sure we have enough money to have the freedom 606 00:27:27,880 --> 00:27:30,320 Speaker 1: in our lifestyle. That's what gives us the safety net 607 00:27:30,320 --> 00:27:32,639 Speaker 1: to go and try new things. If you're just tune in, 608 00:27:32,640 --> 00:27:34,680 Speaker 1: you're listening to the Mark mass Show. Got to take 609 00:27:34,680 --> 00:27:36,359 Speaker 1: a very quick break and I'll be back to bring 610 00:27:36,400 --> 00:27:37,199 Speaker 1: all this together. 611 00:27:37,400 --> 00:27:39,800 Speaker 2: So don't go away. I'll were back, all right, Welcome back. 612 00:27:39,840 --> 00:27:41,400 Speaker 1: If you're just tune in, you're listening to the Mark 613 00:27:41,480 --> 00:27:45,040 Speaker 1: Moss Show, and we're talking about, oh boy, how to 614 00:27:45,080 --> 00:27:48,760 Speaker 1: have success in today's world. Especially, we are talking about 615 00:27:48,760 --> 00:27:51,520 Speaker 1: how we have two different viewpoints the world has really 616 00:27:51,600 --> 00:27:54,800 Speaker 1: become bifurcated. We have the hustle culture and we have 617 00:27:54,920 --> 00:27:56,960 Speaker 1: the I don't know, we'll call it lazy culture. On 618 00:27:57,000 --> 00:28:00,439 Speaker 1: the other side, we're talking through five key points of 619 00:28:00,440 --> 00:28:04,080 Speaker 1: how you can guarantee success and the opposite is guaranteed 620 00:28:04,080 --> 00:28:05,760 Speaker 1: and failure if you do nothing. I'm not going to 621 00:28:05,840 --> 00:28:08,120 Speaker 1: run back through all four, but we are on number five. 622 00:28:08,200 --> 00:28:09,960 Speaker 1: If you've missed any of the four, no Worries I 623 00:28:09,960 --> 00:28:12,400 Speaker 1: got you back, you can check it out on the podcast. 624 00:28:12,480 --> 00:28:15,240 Speaker 1: Just search the Mark Mass Show on your favorite podcast player, 625 00:28:15,359 --> 00:28:17,280 Speaker 1: or you could watch this and listen at the same 626 00:28:17,320 --> 00:28:20,320 Speaker 1: time if you go to YouTube and search Market Disruptors 627 00:28:20,600 --> 00:28:22,680 Speaker 1: and you can watch it over there. All right, now, 628 00:28:22,760 --> 00:28:24,959 Speaker 1: I want to get into point number five, and this 629 00:28:25,080 --> 00:28:27,560 Speaker 1: is I hate to say it's the most important. They're 630 00:28:27,600 --> 00:28:32,920 Speaker 1: all important, but this is organizational culture and leadership, and 631 00:28:33,040 --> 00:28:34,919 Speaker 1: this sort of ties into what I was saying on 632 00:28:34,960 --> 00:28:37,760 Speaker 1: the last point, which is we need to build a 633 00:28:37,920 --> 00:28:42,800 Speaker 1: positive organizational culture, a team, or a community. Now, this 634 00:28:42,920 --> 00:28:45,040 Speaker 1: means different things to different people in different stages of 635 00:28:45,040 --> 00:28:48,480 Speaker 1: your life. So for example, maybe you don't own a business, 636 00:28:48,520 --> 00:28:50,640 Speaker 1: like if you own a business, then of course this 637 00:28:50,720 --> 00:28:53,160 Speaker 1: means something different to you. If you're a manager, it 638 00:28:53,160 --> 00:28:54,600 Speaker 1: means it's something different to you. If you're an employee, 639 00:28:54,640 --> 00:28:57,680 Speaker 1: means something different to you. And so around all levels, 640 00:28:57,720 --> 00:29:01,000 Speaker 1: let's just say that it's not who is not what 641 00:29:01,040 --> 00:29:03,120 Speaker 1: you're doing, it's who you're doing it with. And so 642 00:29:03,200 --> 00:29:06,280 Speaker 1: you want to have the right team as an investor, 643 00:29:07,360 --> 00:29:09,400 Speaker 1: and like through my fund and through my venture capital 644 00:29:09,440 --> 00:29:11,880 Speaker 1: deals that we invest into a lot of times we're 645 00:29:12,040 --> 00:29:15,440 Speaker 1: betting on the actual person themselves and not the idea. 646 00:29:15,800 --> 00:29:18,160 Speaker 1: If you watch the Shark Tank. When my daughters were young, 647 00:29:18,200 --> 00:29:19,840 Speaker 1: we used to watch it all the time and we 648 00:29:19,880 --> 00:29:21,560 Speaker 1: would kind of hit pause and we'd try to guess 649 00:29:21,600 --> 00:29:23,880 Speaker 1: what they're doing here. But you would notice in the 650 00:29:23,880 --> 00:29:26,560 Speaker 1: Shark Tank many times I saw this where the sharks 651 00:29:26,560 --> 00:29:28,560 Speaker 1: would say, you know what, I just want to invest 652 00:29:28,600 --> 00:29:31,680 Speaker 1: into you. I know we'll find something to do together. 653 00:29:31,720 --> 00:29:33,840 Speaker 1: And they would they would recognize that the person that 654 00:29:33,920 --> 00:29:36,000 Speaker 1: was there was like a leader, and so they'd want 655 00:29:36,040 --> 00:29:38,200 Speaker 1: to invest in them. And so you want to invest 656 00:29:38,240 --> 00:29:40,400 Speaker 1: into the right team, and you'd have the right team 657 00:29:40,400 --> 00:29:43,040 Speaker 1: around you. Now, again, how do we apply this if 658 00:29:43,040 --> 00:29:46,160 Speaker 1: we're just an employee, Well, it's more about it. It's 659 00:29:46,200 --> 00:29:48,640 Speaker 1: your partner. So it's you know, your wife, your husband, 660 00:29:48,640 --> 00:29:51,320 Speaker 1: and your boyfriend your girlfriend, and it's also the friends 661 00:29:51,320 --> 00:29:53,840 Speaker 1: that you're around. So I talked about some of the 662 00:29:53,840 --> 00:29:55,480 Speaker 1: five people that you that you hang out with. In 663 00:29:55,480 --> 00:29:57,120 Speaker 1: the previous segment, we talked about if you're training for 664 00:29:57,160 --> 00:29:58,560 Speaker 1: a trathlon, you probably want to hang out with people 665 00:29:58,600 --> 00:29:59,800 Speaker 1: that are trained for trathlons. 666 00:29:59,840 --> 00:30:00,000 Speaker 2: Right. 667 00:30:00,640 --> 00:30:03,080 Speaker 1: This really struck me for the first time in my 668 00:30:03,120 --> 00:30:06,680 Speaker 1: own life experience when in twenty twenty one, we moved 669 00:30:06,680 --> 00:30:08,720 Speaker 1: over to Puerto Rico and I had never moved before, 670 00:30:09,600 --> 00:30:11,240 Speaker 1: and so I had never gone through the process of 671 00:30:11,320 --> 00:30:13,720 Speaker 1: like how do you meet new people, and like how 672 00:30:13,720 --> 00:30:16,240 Speaker 1: do you establish new relationships and all this stuff, and 673 00:30:16,920 --> 00:30:18,760 Speaker 1: it was tough. I had never done it before, so 674 00:30:18,760 --> 00:30:20,680 Speaker 1: I had to learn something new. And it was during 675 00:30:20,680 --> 00:30:23,000 Speaker 1: the pandemic, so you couldn't really go out and socialize, 676 00:30:23,000 --> 00:30:27,280 Speaker 1: which made it even harder. The local language there are Spanish, 677 00:30:27,320 --> 00:30:30,160 Speaker 1: which makes it even harder. So lots of challenges there 678 00:30:30,640 --> 00:30:33,080 Speaker 1: and it took a while, but once it clicked, and 679 00:30:33,160 --> 00:30:35,640 Speaker 1: once I had made some new friends towards the end 680 00:30:35,680 --> 00:30:37,400 Speaker 1: before we moved away from there. 681 00:30:39,160 --> 00:30:41,240 Speaker 2: We liked it. I'm not going to get into all that, but. 682 00:30:42,680 --> 00:30:44,680 Speaker 1: I didn't want to leave because of the friends that 683 00:30:44,720 --> 00:30:46,960 Speaker 1: I had made, and the friends that I had made 684 00:30:47,160 --> 00:30:50,440 Speaker 1: were different than the friends that I had back at home. 685 00:30:51,040 --> 00:30:52,680 Speaker 1: But the friends I had back at home are like 686 00:30:52,760 --> 00:30:55,040 Speaker 1: friends that I had known forever, where the friends that 687 00:30:55,080 --> 00:30:55,680 Speaker 1: I had. 688 00:30:55,560 --> 00:30:58,920 Speaker 2: Made over there were for where I. 689 00:30:58,960 --> 00:31:01,480 Speaker 1: Was at a particular point my life, and they fit 690 00:31:01,520 --> 00:31:01,880 Speaker 1: me better. 691 00:31:01,880 --> 00:31:02,160 Speaker 2: You see. 692 00:31:02,240 --> 00:31:07,080 Speaker 1: Unfortunately for us, most of our friends unintentionally hold us 693 00:31:07,160 --> 00:31:10,400 Speaker 1: back because they want us to be the same person 694 00:31:10,440 --> 00:31:13,280 Speaker 1: they've always loved. But our goal, as we've talked about 695 00:31:13,280 --> 00:31:17,640 Speaker 1: through these five levels of success, is to always be learning, 696 00:31:18,200 --> 00:31:21,400 Speaker 1: always be growing, always be changing, And so because of that, 697 00:31:22,000 --> 00:31:24,520 Speaker 1: my goals should be continued to expand. I have to 698 00:31:24,560 --> 00:31:27,760 Speaker 1: become somebody different to achieve something different, So I have 699 00:31:27,800 --> 00:31:29,720 Speaker 1: to continue to up level my skill set, I have 700 00:31:29,720 --> 00:31:32,240 Speaker 1: to continue to up level my activities and in order 701 00:31:32,280 --> 00:31:34,360 Speaker 1: for me to go somewhere else. But the problem with 702 00:31:34,400 --> 00:31:37,840 Speaker 1: that is that goes direct contrast to my friends who 703 00:31:37,840 --> 00:31:39,360 Speaker 1: want me to be the same person they've always known, 704 00:31:39,520 --> 00:31:42,400 Speaker 1: you understand, and so I didn't actually understand this until 705 00:31:42,400 --> 00:31:44,400 Speaker 1: I lived it. Part of it also is over the 706 00:31:44,480 --> 00:31:46,560 Speaker 1: last several years, I've done lots and lots of speaking 707 00:31:46,600 --> 00:31:49,560 Speaker 1: I'm typically on the road like once a month going 708 00:31:49,560 --> 00:31:51,960 Speaker 1: to another event to speak app And that's also another 709 00:31:51,960 --> 00:31:56,800 Speaker 1: way I've seen it where I really have made a 710 00:31:56,840 --> 00:31:59,640 Speaker 1: big network of other speakers and other you know whatever, 711 00:31:59,680 --> 00:32:03,080 Speaker 1: online educators things like that, and being around that group 712 00:32:03,080 --> 00:32:04,720 Speaker 1: of people makes it very difficult for me to come 713 00:32:04,760 --> 00:32:07,440 Speaker 1: back home and talk to my old friends and talk 714 00:32:07,440 --> 00:32:10,000 Speaker 1: about the barbecue on Saturday and you know what are 715 00:32:10,040 --> 00:32:11,640 Speaker 1: we going to do go to the beach on Sunday 716 00:32:11,680 --> 00:32:13,280 Speaker 1: or something like that. Right, It's just like it's a 717 00:32:13,280 --> 00:32:15,800 Speaker 1: completely different level of conversation. And so we need to 718 00:32:15,800 --> 00:32:16,600 Speaker 1: do this at all levels. 719 00:32:16,600 --> 00:32:16,760 Speaker 2: Now. 720 00:32:16,760 --> 00:32:19,120 Speaker 1: If I'm a business owner or a manager, I need 721 00:32:19,160 --> 00:32:21,040 Speaker 1: to find the right people the team I need to 722 00:32:21,040 --> 00:32:24,240 Speaker 1: build the right team. If I'm just an employee, it's 723 00:32:24,280 --> 00:32:27,600 Speaker 1: about the support team I have around me, so my 724 00:32:27,680 --> 00:32:30,200 Speaker 1: friends and my colleagues outside of my work events. So 725 00:32:30,200 --> 00:32:32,080 Speaker 1: how can you do that? Well, you could go to 726 00:32:32,120 --> 00:32:35,960 Speaker 1: local meetups. There's meetups for everything that you want, whether 727 00:32:36,000 --> 00:32:38,800 Speaker 1: these small business meetups. I mean obviously there's bitcoin meetups 728 00:32:38,800 --> 00:32:40,959 Speaker 1: that we have and you can and you can find that. 729 00:32:41,160 --> 00:32:43,800 Speaker 1: But the goal is to is to have a team 730 00:32:44,040 --> 00:32:47,000 Speaker 1: of people that are committed and that are skilled and 731 00:32:47,040 --> 00:32:49,440 Speaker 1: are aligned with you know, either your company's goals or 732 00:32:49,520 --> 00:32:53,520 Speaker 1: your goals specifically. Now, one of the ways that we've 733 00:32:53,560 --> 00:32:55,160 Speaker 1: done this once I realized how big of a problem 734 00:32:55,200 --> 00:32:57,280 Speaker 1: this was for me, I've created a community. I call 735 00:32:57,320 --> 00:33:01,240 Speaker 1: it my Market Disruptors Advisors community, and I'm basically bringing 736 00:33:01,280 --> 00:33:05,720 Speaker 1: together people like you and I, people that are understanding 737 00:33:05,720 --> 00:33:07,880 Speaker 1: the risks and dangers that are in the world, that 738 00:33:07,920 --> 00:33:10,520 Speaker 1: are actively working to make our lives better and improve them, 739 00:33:11,000 --> 00:33:14,560 Speaker 1: and bringing together a group. This group together to receive 740 00:33:14,640 --> 00:33:19,120 Speaker 1: training and access to my expert advisors so we can 741 00:33:19,160 --> 00:33:21,480 Speaker 1: all learn and grow together community of people. If you 742 00:33:21,480 --> 00:33:22,800 Speaker 1: want to check that out, you can go to just 743 00:33:22,920 --> 00:33:26,800 Speaker 1: go dot one, markmass dot com slash advisors Again, that's 744 00:33:26,880 --> 00:33:30,360 Speaker 1: go dot one, Markmoss dot com slash advisors, and in 745 00:33:30,400 --> 00:33:33,440 Speaker 1: there again, we're all working together towards a common goal. 746 00:33:33,880 --> 00:33:36,880 Speaker 1: Every month, I break down an idea, a new idea 747 00:33:36,920 --> 00:33:40,080 Speaker 1: to make seven figures. So, whether it's like starting a 748 00:33:40,120 --> 00:33:42,120 Speaker 1: new business or a new side hustle, something you can 749 00:33:42,160 --> 00:33:45,640 Speaker 1: do for passive income, side income, whatever, we discuss that. 750 00:33:46,240 --> 00:33:48,360 Speaker 1: Some people work on it, some people partner together to 751 00:33:48,400 --> 00:33:52,680 Speaker 1: work on together. We discuss investment opportunities, We discuss the markets, 752 00:33:52,720 --> 00:33:55,800 Speaker 1: we discuss how to protect our assets, how to reduce 753 00:33:55,840 --> 00:33:58,640 Speaker 1: our taxes, all of those things. And so as we're 754 00:33:58,720 --> 00:34:01,440 Speaker 1: learning this education, I bring in experts that you get 755 00:34:01,480 --> 00:34:04,080 Speaker 1: to work with. But then you have the community around 756 00:34:04,160 --> 00:34:06,160 Speaker 1: you that are all working on that. Again, that's go 757 00:34:06,280 --> 00:34:10,279 Speaker 1: dot Onemarkmoss dot com, Slash advisors if you want more. 758 00:34:10,320 --> 00:34:12,760 Speaker 1: But don't underestimate the power of this. I talk about 759 00:34:12,760 --> 00:34:15,640 Speaker 1: it from three levels. You see, most people think about 760 00:34:15,719 --> 00:34:18,279 Speaker 1: it takes money to make money, and some people, a 761 00:34:18,280 --> 00:34:23,799 Speaker 1: lot of people, unfortunately these days, are victims. There's nothing 762 00:34:23,840 --> 00:34:25,839 Speaker 1: I can do that's gonna matter. Nothing I can do 763 00:34:25,840 --> 00:34:27,560 Speaker 1: to get ahead. The governments are just gonna keep stealing 764 00:34:27,600 --> 00:34:30,120 Speaker 1: with from us from inflation. The governments are just going 765 00:34:30,160 --> 00:34:32,120 Speaker 1: to continue to take more and more of our freedom away. 766 00:34:32,880 --> 00:34:34,520 Speaker 1: Inflation is still in my purchse power. I'll never go 767 00:34:34,640 --> 00:34:36,200 Speaker 1: to buy home, and on and on on fill in 768 00:34:36,200 --> 00:34:38,040 Speaker 1: the blank. And a lot of times they think that 769 00:34:38,080 --> 00:34:39,839 Speaker 1: because they don't have any money, they can't make any money, 770 00:34:39,840 --> 00:34:41,759 Speaker 1: and only the rich get richer and I just fall 771 00:34:41,800 --> 00:34:42,360 Speaker 1: farther behind. 772 00:34:42,400 --> 00:34:43,760 Speaker 2: But that's not the truth. 773 00:34:43,840 --> 00:34:47,840 Speaker 1: So actually there's three types of capital. So financial capital 774 00:34:47,880 --> 00:34:50,040 Speaker 1: is what they're thinking about I don't have the money. 775 00:34:50,040 --> 00:34:51,920 Speaker 1: I don't have the finance. I don't have the financial 776 00:34:51,960 --> 00:34:53,799 Speaker 1: capital in order to go make money. I don't have 777 00:34:53,800 --> 00:34:55,759 Speaker 1: the money to go start a business. I don't have 778 00:34:55,800 --> 00:34:57,919 Speaker 1: the money to go buy a piece of real estate 779 00:34:58,000 --> 00:34:58,600 Speaker 1: or whatever it is. 780 00:34:58,960 --> 00:35:01,319 Speaker 2: I don't have the financial capital. But there's two other 781 00:35:01,600 --> 00:35:02,799 Speaker 2: types of capital. There's three total. 782 00:35:02,800 --> 00:35:06,400 Speaker 1: There's two other types, and the financial capital is actually 783 00:35:06,440 --> 00:35:09,040 Speaker 1: the least important of the three, and it's the hardest 784 00:35:09,040 --> 00:35:11,080 Speaker 1: to get, so most people focus on the hardest one 785 00:35:11,080 --> 00:35:13,840 Speaker 1: that's the least important. The two other types of capital 786 00:35:13,960 --> 00:35:18,360 Speaker 1: are one mental capital skills. Do I have the skills 787 00:35:18,360 --> 00:35:21,640 Speaker 1: and experiences to do something? If I had the money 788 00:35:22,000 --> 00:35:24,080 Speaker 1: to go buy a business or start a business, do 789 00:35:24,160 --> 00:35:26,640 Speaker 1: I even have the mental capacity the mental skills to 790 00:35:26,680 --> 00:35:30,799 Speaker 1: even make the business successful. If I was presented with 791 00:35:30,840 --> 00:35:35,120 Speaker 1: an opportunity to build a hotel or revamp up whatever like, 792 00:35:35,200 --> 00:35:37,759 Speaker 1: do I have the mental capital the skills to do that? 793 00:35:38,239 --> 00:35:41,320 Speaker 1: And then the third type of capital is relationship capital. 794 00:35:41,840 --> 00:35:44,400 Speaker 1: Do I know the people that are doing these things 795 00:35:44,400 --> 00:35:46,640 Speaker 1: that can bring these deals to me? When I look 796 00:35:46,680 --> 00:35:49,319 Speaker 1: back through my whole career, all of my success has 797 00:35:49,600 --> 00:35:52,880 Speaker 1: pretty much come from somebody I know, I met this 798 00:35:52,920 --> 00:35:55,040 Speaker 1: person that gave me this idea. Oh, I joined in 799 00:35:55,040 --> 00:35:58,120 Speaker 1: this partnership opportunity. We started this company together, and it 800 00:35:58,200 --> 00:36:01,279 Speaker 1: always came from a relationship that I had. When I 801 00:36:01,320 --> 00:36:03,839 Speaker 1: went broke in two thousand and eight, after you know, 802 00:36:04,080 --> 00:36:07,520 Speaker 1: multiple exits and tens of millions of dollars in real estate, 803 00:36:07,560 --> 00:36:09,400 Speaker 1: and I had to start over, I didn't have the 804 00:36:09,440 --> 00:36:13,360 Speaker 1: financial capital, but I still had the mental capital, and 805 00:36:13,400 --> 00:36:17,319 Speaker 1: I still had my relationships and leveraging those two with 806 00:36:17,400 --> 00:36:19,520 Speaker 1: no money, I was able to build an eight figure 807 00:36:19,560 --> 00:36:23,799 Speaker 1: portfolio back in record time. And so focus yes on 808 00:36:23,840 --> 00:36:27,680 Speaker 1: the money, but focus on the relationship capital and focus 809 00:36:27,680 --> 00:36:29,239 Speaker 1: on the mental capital. How can you do that? Well, 810 00:36:29,280 --> 00:36:31,080 Speaker 1: you're focused on the mental capital by listening to me. 811 00:36:31,360 --> 00:36:33,960 Speaker 1: You can continue to read books, continue to listen to podcasts, 812 00:36:33,960 --> 00:36:37,120 Speaker 1: just like you're doing now. And for relationship capital, join 813 00:36:37,200 --> 00:36:41,440 Speaker 1: some local networking groups, travel to some events, join some 814 00:36:41,880 --> 00:36:45,080 Speaker 1: communities like I started my Markmoss dot com slash advisors, 815 00:36:45,160 --> 00:36:48,120 Speaker 1: go dot one Markmoss dot com slash advisors. But whatever 816 00:36:48,160 --> 00:36:51,880 Speaker 1: you do pour into those, those will pay more dividends 817 00:36:52,160 --> 00:36:55,279 Speaker 1: and lead to your role in success and success. Don't 818 00:36:55,320 --> 00:36:58,080 Speaker 1: be afraid to start action leads to clarity, don't be 819 00:36:58,120 --> 00:37:01,160 Speaker 1: afraid to fail, failure leads to success. 820 00:37:01,080 --> 00:37:02,719 Speaker 2: And just keep going. Hopefully this makes sense. 821 00:37:02,800 --> 00:37:03,960 Speaker 1: Let me know what you think. Hit me up on 822 00:37:04,000 --> 00:37:07,479 Speaker 1: social media one Mark Moss and with that, I'm gonna 823 00:37:07,480 --> 00:37:09,839 Speaker 1: sign it off to your success. I'm out.