Speaker 1: The price of bitcoin is surging, it is on its
Speaker 1: way rapidly to scale to new all time highs. But meanwhile,
Speaker 1: one of the largest assets in the world is bleeding.
Speaker 1: Are we witnessing a changing of the guard.
Speaker 2: We're going to dig into that.
Speaker 1: We're going to look at the trends, We're going to
Speaker 1: look at the data, and we'll discuss whether that is
Speaker 1: going to move. We're also going to look at a
Speaker 1: lot of other things. If you're just tuning in to
Speaker 1: the Mark Law Show, we're always looking at the way
Speaker 1: the world is changing as we look at it through
Speaker 1: a lens of politics, finance, and technology. I believe that
Speaker 1: we can get a different perspective on the world when
Speaker 1: we look at it from those three lenses, and specifically
Speaker 1: the convergence of those three, and bitcoin really sits at
Speaker 1: the convergence of those three. It's groundbreaking revolutionary technology. Most
Speaker 1: people don't understand exactly what it is. They don't understand
Speaker 1: that it's actually a technological invention, a technological revolution that's
Speaker 1: happening here. It's not just some new computer code or
Speaker 1: some new database. So we have a technological revolution happening
Speaker 1: at the same time. It's disrupting money or finance says,
Speaker 1: we know it, and unfortunately, because finance is so political,
Speaker 1: it's disrupting the politics and the governments as we know
Speaker 1: it as well. But for now, the price of bitcoin
Speaker 1: is surging. We have breached fifty thousand dollars. I think
Speaker 1: we've breached fifty two thousand dollars. We're shy of the
Speaker 1: all time high that was set back in November of
Speaker 1: twenty twenty one, that was at was at sixty nine thousand,
Speaker 1: but we're not that far away. As a matter of fact,
Speaker 1: we are about thirty percent away, which if you're talking
Speaker 1: about you know, traditional stocks, that's pretty far. But just
Speaker 1: from let's see, from January of this year. I didn't
Speaker 1: pull this up, but from January of this year, I mean,
Speaker 1: we're already up thirty percent, So we've already made that
Speaker 1: much ground up in just a little over a month.
Speaker 1: So we could potentially make that ground up in another
Speaker 1: month from now. That's how the price of bitcoin moves,
Speaker 1: and partly it's been driven by the ETFs. I've talked
Speaker 1: about this quite a bit. We launched all these new
Speaker 1: bitcoin ETFs, and the amount of bitcoin they are taking
Speaker 1: off the market is just unbelievable, and of course supplying
Speaker 1: demand is driving the market. Now, what I'm talking about
Speaker 1: at the intro was that one of the oldest assets
Speaker 1: are not one of probably the oldest financial asset in
Speaker 1: the world has been money for five thousand years.
Speaker 2: I'm talking about.
Speaker 1: Gold is seemingly bleeding. And what am I talking about, Well,
Speaker 1: gold is still under massive demand. The price of gold
Speaker 1: and silver have done very well, and we know that
Speaker 1: central banks are buying more gold than any time in.
Speaker 2: History over the last several years.
Speaker 1: However, a lot of Americans and just people around the
Speaker 1: world in general own gold, not physically in their own control,
Speaker 1: in their sock drawer or in their safe or buried
Speaker 1: in the ground in the backyard, but through ETFs exchange
Speaker 1: traded funds, and so there's many gold ETFs that have
Speaker 1: popped up, GLD being the biggest one of them, and
Speaker 1: their assets under management, how much money they manages, has
Speaker 1: been going down. So what we're seeing in real time
Speaker 1: is the price of bitcoin is going through the roof,
Speaker 1: partly because of the amount of money that's flowing into it,
Speaker 1: and at the exact same time, money is coming out
Speaker 1: of gold. Now, gold has been the store of value.
Speaker 1: It's a place that you park your wealth to store
Speaker 1: it for future generations. And a lot of people say
Speaker 1: that bitcoin is the new store of value. People say, well,
Speaker 1: it'll never be a medium of exchange. It is a
Speaker 1: good store of value. It'll never be a medium exchange,
Speaker 1: and we can talk about that.
Speaker 2: It can eventually.
Speaker 1: But if it's already a store of value, then we
Speaker 1: can compare against other store of value assets. So bitcoin
Speaker 1: is a store of value. Asset bonds are store of
Speaker 1: value assets. A lot of real estate obviously not my
Speaker 1: personal residents, but even some of that, but a lot
Speaker 1: of real estate is a store of valus. I mean,
Speaker 1: I store my wealth in these places. I think of
Speaker 1: them as savings and not as investments. A lot of
Speaker 1: stocks are like that, although a lot of stocks are
Speaker 1: for trading and more speculative purposes. And what we can
Speaker 1: see though, is that gold is attacking the I'm sorry,
Speaker 1: Bitcoin is attacking the gold store of value, and it
Speaker 1: is quickly catching up. As a matter of fact, bitcoin
Speaker 1: just surpassed a one trillion dollars in a total asset
Speaker 1: size and it's it's currently picking up.
Speaker 2: Now.
Speaker 1: What we can see is that, like I said, gold
Speaker 1: is bleeding. As a matter of fact, we have the
Speaker 1: spd R gold Shares has a year to date flow
Speaker 1: negative twenty five almost twenty five hundred shares I shares,
Speaker 1: gold Trust is down. I Shares gold Trust, Micro's down,
Speaker 1: Vannat gold Miners down.
Speaker 2: They're all down.
Speaker 1: But at the same time, we have funds flowing into
Speaker 1: Bitcoin Trust. We have I shares, Bitcoin Trust is up.
Speaker 1: All the ETF funds are up, and they're buying an
Speaker 1: incredible amount of bitcoin. As a matter of fact, currently
Speaker 1: the ETF inflows are leading to a two percent increase
Speaker 1: in the price per.
Speaker 2: Day of bitcoins.
Speaker 1: It's adding about one thousand dollars per day to the
Speaker 1: price of bitcoin, and that's being done because of the
Speaker 1: supply and demand. The et are taking so much bitcoin
Speaker 1: off the market right now. The inflows, the amount of
Speaker 1: money and bitcoin coming into these funds is about ten
Speaker 1: to twelve times higher than the new bitcoin being created. Now.
Speaker 1: Some people might argue this is a little bit simplistic,
Speaker 1: but I like to understand things from a simplistic level,
Speaker 1: and that is supply and demand. When there's more demand,
Speaker 1: then there is supply, prices go up. Now, there's lots
Speaker 1: of things that would affect both the supply and the demand.
Speaker 1: But it does get down that simple. And what we
Speaker 1: know is that there is new bitcoin being created every day.
Speaker 1: Every block, every ten minutes, there's a block, and in
Speaker 1: every block there's bitcoin that get released, and that equates
Speaker 1: to nine hundred per day. But that's the new bitcoin
Speaker 1: being created. Now, there's obviously existing bitcoin. There's nineteen million
Speaker 1: bitcoin or twenty million bitcoin roughly that there will never
Speaker 1: be more than twenty one million, but right now there's
Speaker 1: about nineteen ish twenty million ish floating around, but most
Speaker 1: of that is locked up in long term storage. Now
Speaker 1: it could come off the market and be so hold
Speaker 1: at a certain price. Sure, so that could be recirculated.
Speaker 1: But like any new asset, like oil, like a commodity,
Speaker 1: a commodity aset like oil or like gold, there's new
Speaker 1: supply what we call flow, being added to the existing stock.
Speaker 1: It's a stock to flow ratio, all right. So we
Speaker 1: can see the amount of new stock or sorry, the
Speaker 1: new flow of oil, the new flow of gold. We
Speaker 1: can see the new flow of bitcoin. And what we
Speaker 1: can see is that it is about nine hundred bitcoin
Speaker 1: per day being added. But the ETFs are buying about
Speaker 1: nine to ten thousand per day, so ten to twelve
Speaker 1: times the demand of the newly created supply. All right,
Speaker 1: and so this starts to lead to fomo. Now what
Speaker 1: do I mean by that? This is it's like a
Speaker 1: self fulfilling prophecy, if you will. As bitcoin goes up faster,
Speaker 1: more people hear about it and want to get in.
Speaker 2: I don't want to be left behind.
Speaker 1: I'm going to buy some more, which then pushes the
Speaker 1: price up higher, which then means more people hear about
Speaker 1: it and they want to get in, which then pushes
Speaker 1: the price up people even higher, and then it starts
Speaker 1: happening in the ETFs, in the financial space. So what
Speaker 1: happens is then this financial advisor that puts in his
Speaker 1: portfolio starts out performing everybody else, So everybody else says,
Speaker 1: we'll shoot. Then I should put it into my portfolio.
Speaker 1: And then they start out performing, and then well I
Speaker 1: need to keep up, so I'll put it in. And
Speaker 1: then as they put it in, the price goes up,
Speaker 1: and then more people jump in and the price goes up,
Speaker 1: and it starts to be this self perpetuating, self fulfillient cycle,
Speaker 1: if you will. Then we add in some events such
Speaker 1: as in the next couple of months, we have the
Speaker 1: supply will be cut in half from nine hundred bitcoin
Speaker 1: per day to four hundred and fifty new coins per day, which,
Speaker 1: all things being the same, if the demand stays the same,
Speaker 1: what happens and you cut the supply in half? What
Speaker 1: happens to the price? You don't have to guess.
Speaker 2: So what does that mean?
Speaker 1: Well, we know that that puts upward pressure on the price.
Speaker 1: That's exactly what we're seeing. Where could it go? Well,
Speaker 1: we know the previous high was sixty nine thousand, and
Speaker 1: typically you'll take out the previous high, but maybe that
Speaker 1: could happen before the happening in the next ninety days
Speaker 1: or so. Could we get to one hundred thousand in
Speaker 1: the next couple of months. Maybe we don't really know
Speaker 1: where it can go. I don't have a crystal ball.
Speaker 1: I wish I could tell you, But we know that
Speaker 1: it's going up now. Part of the reason why it's
Speaker 1: going up is because of the supply demand in balance
Speaker 1: that I'm talking about. The other metric, the other thing
Speaker 1: that we're watching is also the demand coming from the
Speaker 1: use case of it. And so what do I mean
Speaker 1: by that? There's a lot of problems and solutions are
Speaker 1: supposed to come to problems. A lot of people may argue,
Speaker 1: not intelligently, but that bitcoin doesn't have any use cases.
Speaker 2: But it does. It has lots of use cases.
Speaker 1: It gives me a way to store my wealth in
Speaker 1: a way that can't be debased and printed. So when
Speaker 1: they're printing endless amounts of money, I want something. So
Speaker 1: every time they print more money, it sort of like
Speaker 1: creates the poster child or the use case of.
Speaker 2: Why I should own bitcoin.
Speaker 1: Every time a government tries to become more authoritarian and
Speaker 1: censor one of my transactions, tell me what I can
Speaker 1: and can't spend money on, it sort of makes me
Speaker 1: want to find an alternative like bitcoin that's censorship resistant.
Speaker 1: And so while we have this supply demand metrich that's
Speaker 1: being driven by what we call NNGU or number go
Speaker 1: up technology. We say that in a joking way, at
Speaker 1: the end of the day, there's real utility that will
Speaker 1: start catching up, that is catching up as governments continue
Speaker 1: to print more money, as governments continue to get more authoritarian.
Speaker 1: And it's all happening right at the time. The government's
Speaker 1: about to print money, and we're going into a having cycle.
Speaker 2: You better buckle up.
Speaker 1: If you're just tune in, you're listening to the Mark
Speaker 1: Maas Show running through some of the latest breaking news
Speaker 1: this week as we look at the world through the
Speaker 1: lens of politics, finance, and technology. I'll be back with
Speaker 1: more in a minute. You don't want to miss it,
Speaker 1: don't go away, I'll wear back, all.
Speaker 2: Right, Welcome back.
Speaker 1: If you just tune in, you're listening to the Mark
Speaker 1: Maas Show, and we're going to talk about something a
Speaker 1: little bit different than I normally talk about because it's
Speaker 1: something that I've been getting over and over and over
Speaker 1: across my social media platforms of people asking me these
Speaker 1: types of questions. And we typically talk about the world
Speaker 1: through the lens of politics, finance, and technology and trying
Speaker 1: to understand the world from this frame of lens. And
Speaker 1: for me specifically, it's so that I can improve my life.
Speaker 1: I can further myself towards my goals that I have
Speaker 1: for myself and for my family and so forth. And
Speaker 1: so I want to understand what's going on with the politicians,
Speaker 1: and what's going on with the financial system, and what's
Speaker 1: going on with new technology breakthroughs, so I can use
Speaker 1: those things to front run the moves ultimately again, so
Speaker 1: I can further the quality of my life, so I
Speaker 1: can further my life, so I can have success in
Speaker 1: my life. And I've been talking about these subjects specifically
Speaker 1: a lot more recently, smaller short form content on my
Speaker 1: social media, which if you're not following me, hit me
Speaker 1: up at one Mark Moss. Just go to my website
Speaker 1: one Markmoss dot com. One Markmoss dot com. It's that's
Speaker 1: the number one. I have everything linked there. But I've
Speaker 1: been putting a lot of content on Instagram lately, doing
Speaker 1: daily lives over there every day in the morning. Hit
Speaker 1: me up on those. It's just at Mark Moss there.
Speaker 1: And I've been getting lot of questions as we talk
Speaker 1: about navigating what's going on with the FED sort of
Speaker 1: the daily play by play off, what are they doing
Speaker 1: with the with the interest rates, and what's going on
Speaker 1: with the with the credit card cycles and the money
Speaker 1: bank and all these different things. How can we navigate
Speaker 1: all this? And the one thing that kind of keeps
Speaker 1: coming up over and over and over is how can
Speaker 1: we have more success by using these tools? And I
Speaker 1: started thinking about this as I've been answering these people
Speaker 1: and a couple things came up, and there's five things
Speaker 1: that I want to run you through, and it's how
Speaker 1: we can have more success, how we can improve their
Speaker 1: quality of lives. But we have to understand first of all,
Speaker 1: that success isn't guaranteed. There's no guarantee of success. Some
Speaker 1: people have success, some people don't, and oftentimes the difference
Speaker 1: of those who have success in those who don't it's
Speaker 1: very small, it's very minimal, but we know it's not guaranteed. Now,
Speaker 1: I like to say that success doesn't care. Success doesn't
Speaker 1: care about anything except for one thing. There's one thing
Speaker 1: success cares about. Success doesn't care how old you are.
Speaker 1: Doesn't care if you're at the end of your career,
Speaker 1: sixty or seventy. It doesn't care if you're too young
Speaker 1: or eighteen or nineteen. Success does it doesn't care if
Speaker 1: you're fifteen or sixty.
Speaker 2: It doesn't care.
Speaker 1: Success doesn't care if you're tired or if you're hungry.
Speaker 1: Success doesn't care if you're stressed out. Success doesn't care
Speaker 1: if you're depressed. Doesn't care about any of that. Success
Speaker 1: doesn't care if your dog died, if your girlfriend broke
Speaker 1: up with you, if your car broke down. Sess doesn't
Speaker 1: care about any of that. Success is ruthless. Success cares
Speaker 1: about one thing. The one thing is results. That's all
Speaker 1: do the work. Did you do the work to achieve
Speaker 1: the results, and that's its Success is a meritocracy. If
Speaker 1: I did the work, I get the results and that's it.
Speaker 1: So regardless of if you're depressed, if you're hungry, if
Speaker 1: you're tired, or if your dog died or your girlfriend
Speaker 1: broke up with you, regardless of any of that, or
Speaker 1: how old you are, if you do the work.
Speaker 2: Then you should be able to get the outcome.
Speaker 1: And so we'll break down five things that I want
Speaker 1: to talk about specifically in order to guarantee that you
Speaker 1: can do this. The one thing guarantee this, and so
Speaker 1: I'm going to break these down. The first one is
Speaker 1: doing the work right, so already talked about that, and
Speaker 1: really ultimately what it comes down to is the commitment
Speaker 1: to doing the work, a commitment to trying to do
Speaker 1: the work, because again, success isn't guaranteed, but the guaranteed
Speaker 1: lies in the outcome of not trying. So a lot
Speaker 1: of times what we want to do is we want
Speaker 1: to do like inversion thinking, what's the opposite. Typically, when
Speaker 1: I want to set a goal, I think about what
Speaker 1: are all the things I have to do in order
Speaker 1: to achieve the goal. Another way to think about it
Speaker 1: is what are all the things I'm going to have
Speaker 1: to give up to achieve the goal. That's an inversion thinking,
Speaker 1: And so we can also think about success sort of
Speaker 1: the same way. Success is not guaranteed, So should I try?
Speaker 1: What if I fail? But what we do know is
Speaker 1: there is a guarantee in not trying at all. So
Speaker 1: if I'm faced with either one guaranteed failure or maybe success,
Speaker 1: why not take them maybe success. So that's the first
Speaker 1: thing we always have to commit to trying. Now, a
Speaker 1: lot of people and this is a question I've been
Speaker 1: asked a couple of times this week on my Instagram
Speaker 1: live streams again at Mark Moss hit me up. There
Speaker 1: have been asked about Mark, but how do you deal
Speaker 1: with analysis paralysis? I'm not sure what I should be doing.
Speaker 1: I'm afraid I may fail. I'm afraid that I don't
Speaker 1: take the right action. I'm afraid that, you know, this
Speaker 1: might not take me to my goal. And so this
Speaker 1: is a big piece of it. So I need to
Speaker 1: be committed to action. I have to be committed to
Speaker 1: trying to advance myself towards success. But if I'm stuckond
Speaker 1: this analysis prolysis, what do I do? And I'd say,
Speaker 1: one understanding that if I don't do anything, I'm guaranteed failure,
Speaker 1: so why not take the chance of failure? But another
Speaker 1: part comes in where people can't decide which course of
Speaker 1: action to take.
Speaker 2: I don't know. I have these three opportunities.
Speaker 1: Should I go, you know, should I go into doing
Speaker 1: rental real estate? Or should I start selling products on eBay?
Speaker 1: Or should I do drop Chip e commerce? Or should
Speaker 1: I start a social media market agency? Like any of
Speaker 1: those could be good?
Speaker 2: But which one do I choose? Which one do I choo?
Speaker 1: I'm stuck, I'm analysis prowess, I'm analyzing.
Speaker 2: Him too deeply.
Speaker 1: Well, part of that is that I like to say
Speaker 1: that action leads to clarity. You see, you're never going
Speaker 1: to know until you start taking action. I use this
Speaker 1: analogy quite a bit. If I was walking through the
Speaker 1: forest and I came to a fork in the road
Speaker 1: and there was two paths, and I'm like, oh, what
Speaker 1: was it left or right?
Speaker 2: Left or right? I forget left or right.
Speaker 1: I could be there till all of eternity, thinking left
Speaker 1: or right and still not know the answer. The only
Speaker 1: way I'm ever going to know is I'm going to
Speaker 1: start down one path, and after I start walking down
Speaker 1: the path, that action will lead to clarity. Oh shoot,
Speaker 1: this isn't the right one. I don't remember, this is
Speaker 1: the wrong one. I need to go to the other path,
Speaker 1: or this is the right one, and I keep going.
Speaker 1: But it was only by taking action did I get
Speaker 1: clarity towards that. And so a lot of us are
Speaker 1: stuck with this analysis prowess as and the goal or
Speaker 1: the key is that we must be taking action if
Speaker 1: we want to get the clarity of how to move forward.
Speaker 1: The action is what will lead to that clarity. Now
Speaker 1: also part of it Alex HERMOSI, if you're not following him,
Speaker 1: you should. He's definitely worth a follow. I saw tweet
Speaker 1: out this week. He said that people don't find their passion,
Speaker 1: they build it. And I find a lot of people
Speaker 1: that I've coached, younger people specifically, they all think they
Speaker 1: have to go find their passion. But there is no
Speaker 1: finding your passion. What it is is defining and optimizing
Speaker 1: your passion over time, because you have a passion for
Speaker 1: skills that you've been able to build up and develop.
Speaker 1: I love surfing. I have a passion for surfing. But
Speaker 1: I've only got the passion for surfing because I've been surfing.
Speaker 1: I had to start surfing before, and then I had
Speaker 1: to get good at surfing before I developed a passion
Speaker 1: for surfing. Most people try it one time and they
Speaker 1: hate it. It's like the hardest work that you know whatever.
Speaker 1: And so it's like you have to try things, you
Speaker 1: have to do things. You have to achieve some level
Speaker 1: of success and build some skill doing those things, and
Speaker 1: then you get the passion for it. And so like
Speaker 1: I use this analogy, let's say that I got it.
Speaker 1: I see my friend has a catering business. Let me
Speaker 1: start working with you. And I find out when I'm
Speaker 1: working at the catering business, man, I really don't like
Speaker 1: the cooking part at all, but like setting up the
Speaker 1: events and stuff was pretty fun. So I decided, you
Speaker 1: know what, let me move over, Let me change.
Speaker 2: What I'm doing.
Speaker 1: I want to start running events more. And then I
Speaker 1: start doing more events less cooking, and then I start like, man,
Speaker 1: I really hate like loading in all the chairs and
Speaker 1: tables and setting up. What I really liked is more
Speaker 1: designing the events. And then I sort of move over
Speaker 1: into more of designing, and then I figured, well, it's
Speaker 1: not just the designing part, it's actually like dealing with
Speaker 1: the customers. And then I move more to like sales
Speaker 1: and marketing on that, and over time, by learning what
Speaker 1: I do like and don't like, I do more of
Speaker 1: what I do like and less of what I don't like,
Speaker 1: and I can develop and I can start to find
Speaker 1: that passion through there.
Speaker 2: All right, that's one.
Speaker 1: There's a three more pieces that I want to hit
Speaker 1: that can help you guarantee success. Now we know, like
Speaker 1: I said, success isn't always guaranteed, but the opposite of that,
Speaker 1: failure is guaranteed. Right if you do nothing, it's guaranteed.
Speaker 1: And like I said, this is a response to a
Speaker 1: bunch of questions that I've had. It's a little bit
Speaker 1: off topic for what I normally talk about, but I
Speaker 1: wanted to bring this to you today because I think
Speaker 1: it's massive value for you as we discern through all
Speaker 1: the information on markets, technology and politics. If you're just
Speaker 1: tuning in staying to the Mark Moss Show, I'll be
Speaker 1: back with more after a very short break.
Speaker 2: You don't want to miss it, don't go away, I'll
Speaker 2: be right back. All right, welcome back.
Speaker 1: If you just tune in, you're listening to the Mark
Speaker 1: Mass Show, and we're talking about the only guarantee to
Speaker 1: success is that you won't achieve it if you do nothing.
Speaker 1: And so the key is is that the opposite is
Speaker 1: you have to do something even though there might be
Speaker 1: a chance of failure. It's better than the guaranteed failure
Speaker 1: of doing nothing. We talked about that. Now the second
Speaker 1: part about this is I was talking about sort of
Speaker 1: finding your way, and it's learning through mistakes. I tried
Speaker 1: these things, I found out I'd like these, but I
Speaker 1: didn't like these, or I found out this didn't work,
Speaker 1: So let me try something else different. Right now, today, AI,
Speaker 1: artificial intelligence is all the rage. If you think about
Speaker 1: the way AI works, it's like it's like trying to
Speaker 1: solve a task and it tries over over over over
Speaker 1: over over over over fail fail fail fail fail ffalf Okay,
Speaker 1: finally passed, it goes to the next step and then
Speaker 1: it tries try to tries fiales fail sales fil sal.
Speaker 1: It finally makes it goes the next step, and it's
Speaker 1: able to do that very very quickly, but it has
Speaker 1: to go through all the failures, just go through all
Speaker 1: the attempts and tries before it finds the one that
Speaker 1: actually works. And so we need to learn through our mistakes.
Speaker 1: You've probably seen the meme card or the quote card
Speaker 1: with the lying on it. I never lose. I either
Speaker 1: win or I learn. And so we either get it
Speaker 1: our first try, which typically doesn't happen, or we do
Speaker 1: through a series of trial and error and continue to
Speaker 1: tweak and tweak and tweak and re optimize until we
Speaker 1: get that success that we need. So we have to
Speaker 1: be we have to understand that we learn from our mistakes.
Speaker 1: We have to understand that it's inevitable that we're going
Speaker 1: to make mistakes when we're executing on these plans. But
Speaker 1: we also have to understand that every time we fail,
Speaker 1: it's an opportunity for gathering new skills, honing new skills,
Speaker 1: improving what we have. I like to think of problems
Speaker 1: are not there, They're not there to us, they're there
Speaker 1: for us. And so what do I mean by that?
Speaker 1: Like we can think of every time we see a
Speaker 1: problem as like, oh, my gosh, Why does this bad
Speaker 1: stuff always happen to me? I can't believe I have
Speaker 1: to deal with this again. We look at that problem
Speaker 1: as something happening to us, as opposed to being there
Speaker 1: something for there there for us. So like, wow, now
Speaker 1: I get to learn a new skill. Now I get
Speaker 1: to try something I've never tried before. And so we
Speaker 1: could look at a different way. Most of you guys
Speaker 1: probably know I talk about quite a bit. I ride dirtbikes.
Speaker 1: I go racing dirt bikes, and I still.
Speaker 2: Write a lot of off road.
Speaker 1: And when we're riding our dirtbikes off road, somebody who
Speaker 1: maybe hasn't ridden dirt bikes before would be on this
Speaker 1: road and go, man, why is this so rough? I
Speaker 1: can't believe all these bumps in the road.
Speaker 2: This is horrible.
Speaker 1: But for me, because I'm advanced, I look at those
Speaker 1: bumps and go, oh, I'm gonna jump this one, I'm
Speaker 1: gonna hit that one. I'm gonna jump over to there.
Speaker 1: And those bumps are there for me to have fun with,
Speaker 1: as opposed to beginner we'd.
Speaker 2: Look at them as tortures. That makes sense, and so.
Speaker 1: We want to learn through our mistakes. That quote I
Speaker 1: like to say is that a smooth sea's never made
Speaker 1: a skilled sailor.
Speaker 2: Right.
Speaker 1: So success is a horrible teacher. We learn from our mistakes,
Speaker 1: makes us try new things, and so we have to
Speaker 1: understand that we have to understand that we're going to
Speaker 1: make mistakes. This is what it holds people back is
Speaker 1: they're afraid of making mistakes. We have to understand that
Speaker 1: we are going to make mistakes.
Speaker 2: That's the key.
Speaker 1: They're there for us to learn, and that it's through
Speaker 1: continuous effort and learning from these mistakes over time that
Speaker 1: continue to lead to better and better results. Again, success
Speaker 1: is a horrible teacher, because if I were to just
Speaker 1: get it right the first time, then I might just go, oh, okay,
Speaker 1: well it's good enough. I'll move on to the next thing,
Speaker 1: without ever really taking the time to hone it in.
Speaker 2: Could it be better?
Speaker 1: Again? Continuous effort, continuous learning. Could I continue to tweet it?
Speaker 1: Could I continue to make it.
Speaker 2: Better and better and better?
Speaker 1: And so that's what leads to better results all the time. Now,
Speaker 1: another key would be the value of self assessment. This
Speaker 1: is a very key piece. Human beings are unique from
Speaker 1: animals in many different ways, one of which is that
Speaker 1: we can lie to ourselves, and we do all the time.
Speaker 1: We lie to ourselves. We tell us, tell ourselves that
Speaker 1: things are better than they are. A lot of times
Speaker 1: some people tell yourself that it's it's worse than you are.
Speaker 1: But we can lie to ourselves, we can let ourselves down,
Speaker 1: and we can also selectively listen.
Speaker 2: And avoid harsh realities.
Speaker 1: Ain Ran, the author of Atlas Shrug, says that we
Speaker 1: can choose to ignore reality, but we can't ignore the
Speaker 1: consequences of reality. I like to say that an ostrich
Speaker 1: can bury its head in the sand, but it can't
Speaker 1: keep it from being eaten. And so a lot of times,
Speaker 1: and I'm guilty of this myself, I don't want to
Speaker 1: look at things that I know are a problem, I
Speaker 1: know are bad. I don't want to deal with it.
Speaker 1: I don't want to face it. I just want to
Speaker 1: just ignore it and pretend it's not there and.
Speaker 2: Maybe it'll go away.
Speaker 1: But the truth is, it doesn't go away, and it
Speaker 1: only gets worse the longer we leave it there. And also,
Speaker 1: not looking at ourselves truthfully would lead to the same thing.
Speaker 1: And so the importance of a self assessment and an
Speaker 1: honest evaluation of our performance. So when I'm coaching people
Speaker 1: through building their financial life and their business, the first
Speaker 1: thing that we do is we take an assessment, and
Speaker 1: we take a very honest assessment, and we look at
Speaker 1: things that most people don't want to look at. How
Speaker 1: much savings do you have? How much are you spending?
Speaker 1: Do you have a plan for how you spend your
Speaker 1: money or you just spend whatever?
Speaker 2: Do you have?
Speaker 1: Do you have multiple bank accounts? What are your investments? Like,
Speaker 1: let's dig in, and do you understand what they are?
Speaker 1: And all these things? And a lot of times people don't.
Speaker 1: They don't know this information and they don't even want
Speaker 1: to get it because they just as long as money
Speaker 1: keeps coming in and my bills keep getting paid, that
Speaker 1: I'm fine.
Speaker 2: It's kind of like.
Speaker 1: I wasn't born with a silver spoon in my mouth,
Speaker 1: and I had some pretty bad cars when I turned
Speaker 1: sixteen and seventeen eighteen, I had some pretty bad cars.
Speaker 1: And I had this old Volkswagen bug and the thing
Speaker 1: was a pretty big piece of junk, and it would
Speaker 1: make all kinds of noises, and I put like this
Speaker 1: really loud stereo in it, and I remember I would
Speaker 1: just turn the stereo up, and I was like, as
Speaker 1: long as the car just keeps going forward, I'm okay.
Speaker 1: I didn't want to hear any of the noises that
Speaker 1: could potentially be causing it to break down. I just
Speaker 1: wanted to tune that out, listen to the music, and
Speaker 1: as long as the car kept going forward, we were okay.
Speaker 1: But a lot of us approach our lives and back
Speaker 1: to the kind of money, we approach our business and
Speaker 1: investments sort of the same way. Well, as long as
Speaker 1: money keeps coming in and paying the bills, I guess
Speaker 1: I'm okay. Without taking the honest self assessment and really
Speaker 1: asking ourselves the tough questions. Now, the importance of doing
Speaker 1: this is massive for lots of reasons, one of which
Speaker 1: is that we need to be honest with ourselves where
Speaker 1: we're at so that we can grow. But we also
Speaker 1: want to be honest with ourselves so we can start
Speaker 1: to identify, like, what are our strengths and weaknesses? Let
Speaker 1: me do more of what I'm good at, maybe do
Speaker 1: less of what I'm bad at, And only we can
Speaker 1: only find that through that self assessment. The only way
Speaker 1: we can personally grow is to find those areas that
Speaker 1: we need improvement. And then measure that change throughout time. Now,
Speaker 1: a lot of us in order to do that, we
Speaker 1: need we need to improve our communication skills, our leadership skills,
Speaker 1: and things like that. We'll get to that in a minute.
Speaker 1: But at some point we have to sort of be
Speaker 1: our own coach. We have to sort of guide ourselves,
Speaker 1: and so we need that. Now back to the community skills.
Speaker 1: I think about like culture, and unfortunately, modern culture today
Speaker 1: seems to have sort of this bipolar this is our
Speaker 1: third point, sort of has this bipolar.
Speaker 2: View on work views towards work.
Speaker 1: You have one group of people I address this on
Speaker 1: one of my Instagram lives the other day that really
Speaker 1: talk about this hustle culture and it's really a sort
Speaker 1: of pioneered by Gary Vee. Shout out to Gary Vaynerchuk.
Speaker 1: You know, I grind, grind, grind. No one's gonna work
Speaker 1: harder than me. I work at nights, I work on weekends.
Speaker 1: You see lots of people on Instagram. I'm talking about
Speaker 1: the all the time. I don't take a break. I'm traveling,
Speaker 1: but I keep the same routine. You know, you're out
Speaker 1: on the weekends partying, I'm in the office working, I'm
Speaker 1: going to outwork you, right, So we see that this
Speaker 1: is the hustle culture. On the other side, we have
Speaker 1: a whole culture on the other side that don't value
Speaker 1: hard work and they just want to work for minimum
Speaker 1: wag jobs and they want to complain that they can't
Speaker 1: afford to have the life that they want. And so
Speaker 1: we sort of have this bifurcation, if you will, and
Speaker 1: it highlights the difference in the viewpoints, and neither of
Speaker 1: those extremes are correct in my opinion. In the Instagram
Speaker 1: live stream I did the other day, I broke down
Speaker 1: why I think the hustle culture is partly right and
Speaker 1: partly wrong, because there's times to hustle and grind that hard,
Speaker 1: and there's also times to take a break. But specifically,
Speaker 1: the point that I want to hit here is like,
Speaker 1: who you're aligning yourself with in order to help you
Speaker 1: through this? And so if I was, hypothetically I'm certainly
Speaker 1: not if I was training for a triathlon, I would
Speaker 1: want to be hanging out with people that are training
Speaker 1: for triathlons, because if I'm hanging out with them, I'm
Speaker 1: probably going to be running with them and riding back
Speaker 1: to them and swimming with them. If I'm hanging out
Speaker 1: with people that just sit at their mom's house and
Speaker 1: watch Netflix and chill, then I'm probably gonna be a
Speaker 1: Netflix and chilling And so we need to be around
Speaker 1: other people who have similar goals and are working towards
Speaker 1: those similar goals, so we can.
Speaker 2: Draft off of each other.
Speaker 1: We need to be advocates for hard work and persistence
Speaker 1: and for results oriented orientation, and we need to be
Speaker 1: working with other people. We need to be around, we
Speaker 1: need to friends with and hang out with other people
Speaker 1: that share those same ideologies. All right, Now, what we're
Speaker 1: talking about success. One of the keys to success is
Speaker 1: making sure we have enough money to have the freedom
Speaker 1: in our lifestyle. That's what gives us the safety net
Speaker 1: to go and try new things. If you're just tune in,
Speaker 1: you're listening to the Mark mass Show. Got to take
Speaker 1: a very quick break and I'll be back to bring
Speaker 1: all this together.
Speaker 2: So don't go away. I'll were back, all right, Welcome back.
Speaker 1: If you're just tune in, you're listening to the Mark
Speaker 1: Moss Show, and we're talking about, oh boy, how to
Speaker 1: have success in today's world. Especially, we are talking about
Speaker 1: how we have two different viewpoints the world has really
Speaker 1: become bifurcated. We have the hustle culture and we have
Speaker 1: the I don't know, we'll call it lazy culture. On
Speaker 1: the other side, we're talking through five key points of
Speaker 1: how you can guarantee success and the opposite is guaranteed
Speaker 1: and failure if you do nothing. I'm not going to
Speaker 1: run back through all four, but we are on number five.
Speaker 1: If you've missed any of the four, no Worries I
Speaker 1: got you back, you can check it out on the podcast.
Speaker 1: Just search the Mark Mass Show on your favorite podcast player,
Speaker 1: or you could watch this and listen at the same
Speaker 1: time if you go to YouTube and search Market Disruptors
Speaker 1: and you can watch it over there. All right, now,
Speaker 1: I want to get into point number five, and this
Speaker 1: is I hate to say it's the most important. They're
Speaker 1: all important, but this is organizational culture and leadership, and
Speaker 1: this sort of ties into what I was saying on
Speaker 1: the last point, which is we need to build a
Speaker 1: positive organizational culture, a team, or a community. Now, this
Speaker 1: means different things to different people in different stages of
Speaker 1: your life. So for example, maybe you don't own a business,
Speaker 1: like if you own a business, then of course this
Speaker 1: means something different to you. If you're a manager, it
Speaker 1: means it's something different to you. If you're an employee,
Speaker 1: means something different to you. And so around all levels,
Speaker 1: let's just say that it's not who is not what
Speaker 1: you're doing, it's who you're doing it with. And so
Speaker 1: you want to have the right team as an investor,
Speaker 1: and like through my fund and through my venture capital
Speaker 1: deals that we invest into a lot of times we're
Speaker 1: betting on the actual person themselves and not the idea.
Speaker 1: If you watch the Shark Tank. When my daughters were young,
Speaker 1: we used to watch it all the time and we
Speaker 1: would kind of hit pause and we'd try to guess
Speaker 1: what they're doing here. But you would notice in the
Speaker 1: Shark Tank many times I saw this where the sharks
Speaker 1: would say, you know what, I just want to invest
Speaker 1: into you. I know we'll find something to do together.
Speaker 1: And they would they would recognize that the person that
Speaker 1: was there was like a leader, and so they'd want
Speaker 1: to invest in them. And so you want to invest
Speaker 1: into the right team, and you'd have the right team
Speaker 1: around you. Now, again, how do we apply this if
Speaker 1: we're just an employee, Well, it's more about it. It's
Speaker 1: your partner. So it's you know, your wife, your husband,
Speaker 1: and your boyfriend your girlfriend, and it's also the friends
Speaker 1: that you're around. So I talked about some of the
Speaker 1: five people that you that you hang out with. In
Speaker 1: the previous segment, we talked about if you're training for
Speaker 1: a trathlon, you probably want to hang out with people
Speaker 1: that are trained for trathlons.
Speaker 2: Right.
Speaker 1: This really struck me for the first time in my
Speaker 1: own life experience when in twenty twenty one, we moved
Speaker 1: over to Puerto Rico and I had never moved before,
Speaker 1: and so I had never gone through the process of
Speaker 1: like how do you meet new people, and like how
Speaker 1: do you establish new relationships and all this stuff, and
Speaker 1: it was tough. I had never done it before, so
Speaker 1: I had to learn something new. And it was during
Speaker 1: the pandemic, so you couldn't really go out and socialize,
Speaker 1: which made it even harder. The local language there are Spanish,
Speaker 1: which makes it even harder. So lots of challenges there
Speaker 1: and it took a while, but once it clicked, and
Speaker 1: once I had made some new friends towards the end
Speaker 1: before we moved away from there.
Speaker 2: We liked it. I'm not going to get into all that, but.
Speaker 1: I didn't want to leave because of the friends that
Speaker 1: I had made, and the friends that I had made
Speaker 1: were different than the friends that I had back at home.
Speaker 1: But the friends I had back at home are like
Speaker 1: friends that I had known forever, where the friends that
Speaker 1: I had.
Speaker 2: Made over there were for where I.
Speaker 1: Was at a particular point my life, and they fit
Speaker 1: me better.
Speaker 2: You see.
Speaker 1: Unfortunately for us, most of our friends unintentionally hold us
Speaker 1: back because they want us to be the same person
Speaker 1: they've always loved. But our goal, as we've talked about
Speaker 1: through these five levels of success, is to always be learning,
Speaker 1: always be growing, always be changing, And so because of that,
Speaker 1: my goals should be continued to expand. I have to
Speaker 1: become somebody different to achieve something different, So I have
Speaker 1: to continue to up level my skill set, I have
Speaker 1: to continue to up level my activities and in order
Speaker 1: for me to go somewhere else. But the problem with
Speaker 1: that is that goes direct contrast to my friends who
Speaker 1: want me to be the same person they've always known,
Speaker 1: you understand, and so I didn't actually understand this until
Speaker 1: I lived it. Part of it also is over the
Speaker 1: last several years, I've done lots and lots of speaking
Speaker 1: I'm typically on the road like once a month going
Speaker 1: to another event to speak app And that's also another
Speaker 1: way I've seen it where I really have made a
Speaker 1: big network of other speakers and other you know whatever,
Speaker 1: online educators things like that, and being around that group
Speaker 1: of people makes it very difficult for me to come
Speaker 1: back home and talk to my old friends and talk
Speaker 1: about the barbecue on Saturday and you know what are
Speaker 1: we going to do go to the beach on Sunday
Speaker 1: or something like that. Right, It's just like it's a
Speaker 1: completely different level of conversation. And so we need to
Speaker 1: do this at all levels.
Speaker 2: Now.
Speaker 1: If I'm a business owner or a manager, I need
Speaker 1: to find the right people the team I need to
Speaker 1: build the right team. If I'm just an employee, it's
Speaker 1: about the support team I have around me, so my
Speaker 1: friends and my colleagues outside of my work events. So
Speaker 1: how can you do that? Well, you could go to
Speaker 1: local meetups. There's meetups for everything that you want, whether
Speaker 1: these small business meetups. I mean obviously there's bitcoin meetups
Speaker 1: that we have and you can and you can find that.
Speaker 1: But the goal is to is to have a team
Speaker 1: of people that are committed and that are skilled and
Speaker 1: are aligned with you know, either your company's goals or
Speaker 1: your goals specifically. Now, one of the ways that we've
Speaker 1: done this once I realized how big of a problem
Speaker 1: this was for me, I've created a community. I call
Speaker 1: it my Market Disruptors Advisors community, and I'm basically bringing
Speaker 1: together people like you and I, people that are understanding
Speaker 1: the risks and dangers that are in the world, that
Speaker 1: are actively working to make our lives better and improve them,
Speaker 1: and bringing together a group. This group together to receive
Speaker 1: training and access to my expert advisors so we can
Speaker 1: all learn and grow together community of people. If you
Speaker 1: want to check that out, you can go to just
Speaker 1: go dot one, markmass dot com slash advisors Again, that's
Speaker 1: go dot one, Markmoss dot com slash advisors, and in
Speaker 1: there again, we're all working together towards a common goal.
Speaker 1: Every month, I break down an idea, a new idea
Speaker 1: to make seven figures. So, whether it's like starting a
Speaker 1: new business or a new side hustle, something you can
Speaker 1: do for passive income, side income, whatever, we discuss that.
Speaker 1: Some people work on it, some people partner together to
Speaker 1: work on together. We discuss investment opportunities, We discuss the markets,
Speaker 1: we discuss how to protect our assets, how to reduce
Speaker 1: our taxes, all of those things. And so as we're
Speaker 1: learning this education, I bring in experts that you get
Speaker 1: to work with. But then you have the community around
Speaker 1: you that are all working on that. Again, that's go
Speaker 1: dot Onemarkmoss dot com, Slash advisors if you want more.
Speaker 1: But don't underestimate the power of this. I talk about
Speaker 1: it from three levels. You see, most people think about
Speaker 1: it takes money to make money, and some people, a
Speaker 1: lot of people, unfortunately these days, are victims. There's nothing
Speaker 1: I can do that's gonna matter. Nothing I can do
Speaker 1: to get ahead. The governments are just gonna keep stealing
Speaker 1: with from us from inflation. The governments are just going
Speaker 1: to continue to take more and more of our freedom away.
Speaker 1: Inflation is still in my purchse power. I'll never go
Speaker 1: to buy home, and on and on on fill in
Speaker 1: the blank. And a lot of times they think that
Speaker 1: because they don't have any money, they can't make any money,
Speaker 1: and only the rich get richer and I just fall
Speaker 1: farther behind.
Speaker 2: But that's not the truth.
Speaker 1: So actually there's three types of capital. So financial capital
Speaker 1: is what they're thinking about I don't have the money.
Speaker 1: I don't have the finance. I don't have the financial
Speaker 1: capital in order to go make money. I don't have
Speaker 1: the money to go start a business. I don't have
Speaker 1: the money to go buy a piece of real estate
Speaker 1: or whatever it is.
Speaker 2: I don't have the financial capital. But there's two other
Speaker 2: types of capital. There's three total.
Speaker 1: There's two other types, and the financial capital is actually
Speaker 1: the least important of the three, and it's the hardest
Speaker 1: to get, so most people focus on the hardest one
Speaker 1: that's the least important. The two other types of capital
Speaker 1: are one mental capital skills. Do I have the skills
Speaker 1: and experiences to do something? If I had the money
Speaker 1: to go buy a business or start a business, do
Speaker 1: I even have the mental capacity the mental skills to
Speaker 1: even make the business successful. If I was presented with
Speaker 1: an opportunity to build a hotel or revamp up whatever like,
Speaker 1: do I have the mental capital the skills to do that?
Speaker 1: And then the third type of capital is relationship capital.
Speaker 1: Do I know the people that are doing these things
Speaker 1: that can bring these deals to me? When I look
Speaker 1: back through my whole career, all of my success has
Speaker 1: pretty much come from somebody I know, I met this
Speaker 1: person that gave me this idea. Oh, I joined in
Speaker 1: this partnership opportunity. We started this company together, and it
Speaker 1: always came from a relationship that I had. When I
Speaker 1: went broke in two thousand and eight, after you know,
Speaker 1: multiple exits and tens of millions of dollars in real estate,
Speaker 1: and I had to start over, I didn't have the
Speaker 1: financial capital, but I still had the mental capital, and
Speaker 1: I still had my relationships and leveraging those two with
Speaker 1: no money, I was able to build an eight figure
Speaker 1: portfolio back in record time. And so focus yes on
Speaker 1: the money, but focus on the relationship capital and focus
Speaker 1: on the mental capital. How can you do that? Well,
Speaker 1: you're focused on the mental capital by listening to me.
Speaker 1: You can continue to read books, continue to listen to podcasts,
Speaker 1: just like you're doing now. And for relationship capital, join
Speaker 1: some local networking groups, travel to some events, join some
Speaker 1: communities like I started my Markmoss dot com slash advisors,
Speaker 1: go dot one Markmoss dot com slash advisors. But whatever
Speaker 1: you do pour into those, those will pay more dividends
Speaker 1: and lead to your role in success and success. Don't
Speaker 1: be afraid to start action leads to clarity, don't be
Speaker 1: afraid to fail, failure leads to success.
Speaker 2: And just keep going. Hopefully this makes sense.
Speaker 1: Let me know what you think. Hit me up on
Speaker 1: social media one Mark Moss and with that, I'm gonna
Speaker 1: sign it off to your success. I'm out.