1 00:00:00,240 --> 00:00:02,560 Speaker 1: The key to getting rich isn't about waking up at 2 00:00:02,600 --> 00:00:05,600 Speaker 1: five am or doing cold plunges. It's actually in the 3 00:00:05,720 --> 00:00:10,000 Speaker 1: law of compounding, and no, not investing your money for 4 00:00:10,000 --> 00:00:13,440 Speaker 1: forty years in compounding, but rather the small daily habits 5 00:00:13,440 --> 00:00:17,080 Speaker 1: you stack up that compound throughout the years, making getting 6 00:00:17,200 --> 00:00:21,280 Speaker 1: rich not just easy but inevitable. So here are seventeen 7 00:00:21,320 --> 00:00:23,840 Speaker 1: small habits that have transformed my life and how you 8 00:00:23,840 --> 00:00:27,280 Speaker 1: can apply them in your life. Starting with habit number one, 9 00:00:27,600 --> 00:00:30,200 Speaker 1: I call the gratitude advantage. Now, this isn't what you've 10 00:00:30,240 --> 00:00:32,360 Speaker 1: been hearing about, where you know, every day you write 11 00:00:32,400 --> 00:00:34,680 Speaker 1: down all these little things that you're happy about. But 12 00:00:34,880 --> 00:00:38,360 Speaker 1: it's sort of like that, because daily gratitude does rewire 13 00:00:38,360 --> 00:00:41,040 Speaker 1: our brains for success. So how does it do that? Well? 14 00:00:41,240 --> 00:00:43,880 Speaker 1: Early in my career, like when I was first getting started, 15 00:00:44,000 --> 00:00:46,879 Speaker 1: you know, pre internet days, I couldn't just go online 16 00:00:46,880 --> 00:00:50,080 Speaker 1: and watch YouTube videos of Jordan Peterson. I had to 17 00:00:50,320 --> 00:00:52,879 Speaker 1: buy programs. I had to buy courses. Now, one of 18 00:00:52,880 --> 00:00:55,240 Speaker 1: the first things I bought was a book called Think 19 00:00:55,280 --> 00:00:58,200 Speaker 1: and Grow Rich from Napoleon Hill. Now this book was written, 20 00:00:58,320 --> 00:01:02,279 Speaker 1: I believe, in nineteen thirty nineteen thirty seven, and it's 21 00:01:02,280 --> 00:01:05,000 Speaker 1: been one of the best performing best selling books of 22 00:01:05,000 --> 00:01:07,639 Speaker 1: all time, over one hundred million copies. And the reason 23 00:01:07,680 --> 00:01:12,080 Speaker 1: why is because it's so powerful even today, and going 24 00:01:12,520 --> 00:01:15,360 Speaker 1: through how to Think and how to grow rich, it 25 00:01:15,480 --> 00:01:19,520 Speaker 1: shifted my entire mindset and literally shifted my entire life. Now. 26 00:01:19,680 --> 00:01:21,480 Speaker 1: One of the things that it taught me is that 27 00:01:21,520 --> 00:01:24,520 Speaker 1: we should write down a couple of key things every day. 28 00:01:24,720 --> 00:01:27,520 Speaker 1: Not just I'm grateful for having food or a house 29 00:01:27,920 --> 00:01:31,000 Speaker 1: like that, but more specifically, three things that I write 30 00:01:31,080 --> 00:01:34,960 Speaker 1: down every day. Number one, what did I learn today? Now? 31 00:01:35,000 --> 00:01:37,680 Speaker 1: We want to reflect on that, because even if bad 32 00:01:37,720 --> 00:01:40,760 Speaker 1: things happen today, I could learn lessons from that that 33 00:01:40,800 --> 00:01:42,880 Speaker 1: are helpful. All Right, So I write down what I 34 00:01:43,000 --> 00:01:46,440 Speaker 1: learned and why I'm grateful to have learned those lessons. Okay, 35 00:01:46,600 --> 00:01:48,720 Speaker 1: Then the second thing is I write down other things 36 00:01:48,720 --> 00:01:51,320 Speaker 1: that I'm grateful for. And then the third thing I 37 00:01:51,320 --> 00:01:55,200 Speaker 1: write down every day is what I did well. So again, 38 00:01:55,400 --> 00:01:57,840 Speaker 1: these are lessons, these are stories, and this is what 39 00:01:57,960 --> 00:02:00,680 Speaker 1: drives my life forward. But I think about it in 40 00:02:00,680 --> 00:02:03,520 Speaker 1: an optimistic way, and I use a tool to do this. 41 00:02:03,560 --> 00:02:05,360 Speaker 1: It's a Google form that I've set up to do this. 42 00:02:05,520 --> 00:02:07,480 Speaker 1: If you want to download my Google form for free. 43 00:02:07,560 --> 00:02:09,040 Speaker 1: We're going to put a link to it down below 44 00:02:09,040 --> 00:02:10,520 Speaker 1: if you want to use my tool. But however you 45 00:02:10,639 --> 00:02:12,880 Speaker 1: do it, it's up to you. But the key is 46 00:02:13,080 --> 00:02:17,919 Speaker 1: that optimism is mandatory for wealth creation. I repeat, mandatory 47 00:02:18,120 --> 00:02:21,000 Speaker 1: for wealth creation. I had to repeat that. So what 48 00:02:21,040 --> 00:02:22,480 Speaker 1: do I mean by that? Well, in order to be 49 00:02:22,520 --> 00:02:25,240 Speaker 1: an entrepreneur, in order to be successful in investing, you 50 00:02:25,320 --> 00:02:27,120 Speaker 1: have to be optimistic about the outcome. You have to 51 00:02:27,120 --> 00:02:29,720 Speaker 1: be optimistic about the future. So many times I've talked 52 00:02:29,760 --> 00:02:32,480 Speaker 1: to friends or other people who want help starting a 53 00:02:32,520 --> 00:02:35,440 Speaker 1: business or taking on an investment, and know, I break 54 00:02:35,480 --> 00:02:37,280 Speaker 1: it down for them and I'll tell them, you know, 55 00:02:37,320 --> 00:02:38,880 Speaker 1: how they can scale it or how they can move 56 00:02:38,919 --> 00:02:40,560 Speaker 1: into it, and they just say, like, you know, but 57 00:02:40,600 --> 00:02:43,280 Speaker 1: what if this bad thing happens, And I'm like, well, 58 00:02:43,800 --> 00:02:48,680 Speaker 1: yeah it will, So what that's okay. We'll just figure 59 00:02:48,680 --> 00:02:50,640 Speaker 1: out how to solve them. We'll figure out how to 60 00:02:50,639 --> 00:02:52,320 Speaker 1: mitigate the risk, we'll figure out how to move on 61 00:02:52,760 --> 00:02:55,440 Speaker 1: to the next one. And it's that optimistic lens. And 62 00:02:55,520 --> 00:02:58,600 Speaker 1: without it, you're never going to get ahead, which brings 63 00:02:58,680 --> 00:03:01,600 Speaker 1: us to habit number two. I call the capture rule. 64 00:03:01,919 --> 00:03:04,200 Speaker 1: And I'd say that if you can think it, you 65 00:03:04,280 --> 00:03:07,160 Speaker 1: should ink it. So what do I mean by that, Well, 66 00:03:07,440 --> 00:03:11,600 Speaker 1: our brains should be used for creating ideas, not storing them. 67 00:03:11,720 --> 00:03:14,480 Speaker 1: Our brains should be creating, our brains should be thinking, 68 00:03:14,560 --> 00:03:17,720 Speaker 1: Our brains should be connecting dots. But the problem is, 69 00:03:17,800 --> 00:03:20,280 Speaker 1: if you have an idea, it just sort of rattles 70 00:03:20,280 --> 00:03:24,520 Speaker 1: around inside your brain, driving you crazy, creating stress, or 71 00:03:24,960 --> 00:03:26,880 Speaker 1: you forget it. So if you can think it, you 72 00:03:26,880 --> 00:03:28,600 Speaker 1: should inc it. So as soon as you have an idea, 73 00:03:28,960 --> 00:03:31,400 Speaker 1: I must capture it, all right. What I like to 74 00:03:31,400 --> 00:03:34,240 Speaker 1: say is that time is so valuable. You don't have 75 00:03:34,320 --> 00:03:37,480 Speaker 1: the luxury of having the same thought twice, So as 76 00:03:37,480 --> 00:03:40,240 Speaker 1: soon as it pops up, we write it down. Now, 77 00:03:40,280 --> 00:03:42,120 Speaker 1: in the old days, I used to just carry around 78 00:03:42,120 --> 00:03:44,440 Speaker 1: a notebook with me, and I have a pen and 79 00:03:44,480 --> 00:03:46,600 Speaker 1: I just pull it the notebook and write it down. Okay. 80 00:03:46,680 --> 00:03:48,640 Speaker 1: Then we got you know, the iPhone, and I started 81 00:03:48,640 --> 00:03:50,720 Speaker 1: to put it into this app called ever note on 82 00:03:50,720 --> 00:03:52,280 Speaker 1: my phone, and then you know, I could just plug 83 00:03:52,280 --> 00:03:54,280 Speaker 1: everything in there. As a matter of fact, I still 84 00:03:54,320 --> 00:03:55,920 Speaker 1: have a sheet in every note today and I call 85 00:03:55,960 --> 00:03:59,040 Speaker 1: it my capture page, where I literally capture all ideas 86 00:03:59,240 --> 00:04:01,320 Speaker 1: now today, for the last month or so, I've been 87 00:04:01,360 --> 00:04:05,040 Speaker 1: wearing this wearable device. It's a wearable AI device, and 88 00:04:05,080 --> 00:04:07,200 Speaker 1: it records everything I do, and so now I don't 89 00:04:07,200 --> 00:04:09,560 Speaker 1: even have to push a button. I literally just talk 90 00:04:10,200 --> 00:04:12,440 Speaker 1: and like I put in a tag say like you know, 91 00:04:12,480 --> 00:04:15,240 Speaker 1: like take action, and then those tags, those notes can 92 00:04:15,280 --> 00:04:17,919 Speaker 1: go straight to my assistant and automatically get done. So 93 00:04:18,000 --> 00:04:21,760 Speaker 1: we're capturing everything to allow our mind to think. That 94 00:04:21,800 --> 00:04:24,560 Speaker 1: allow mine to create ideas instead of trying to remember things, 95 00:04:24,680 --> 00:04:27,320 Speaker 1: which brings us to hab at number three, which I 96 00:04:27,400 --> 00:04:30,640 Speaker 1: call when your morning, when your day. Now, one of 97 00:04:30,680 --> 00:04:33,240 Speaker 1: the worst things that you could do is to sit 98 00:04:33,320 --> 00:04:35,560 Speaker 1: down in the morning at your computer and go, well, 99 00:04:36,120 --> 00:04:38,000 Speaker 1: what are we going to work on today? Because if 100 00:04:38,040 --> 00:04:39,840 Speaker 1: you want to drive your life forward, then you have 101 00:04:39,920 --> 00:04:42,960 Speaker 1: to be doing the things necessary to get your goal. 102 00:04:43,440 --> 00:04:46,240 Speaker 1: So you should already know what those things are. And 103 00:04:46,279 --> 00:04:49,159 Speaker 1: it starts out the night before. Now. Typically I put 104 00:04:49,200 --> 00:04:51,479 Speaker 1: my creative work in the morning, so I want my 105 00:04:51,520 --> 00:04:54,200 Speaker 1: mind to be fresh for creating work, which means then 106 00:04:54,320 --> 00:04:56,279 Speaker 1: at the end of the day, I should be doing 107 00:04:56,320 --> 00:04:58,680 Speaker 1: my review when all the things I need to get done, 108 00:04:58,800 --> 00:05:01,359 Speaker 1: looking at all those and then making the plan for 109 00:05:01,520 --> 00:05:03,080 Speaker 1: what I want to do in the morning. When i'm fresh, 110 00:05:03,360 --> 00:05:07,000 Speaker 1: I predecide the task, and by predeciding the task, it 111 00:05:07,080 --> 00:05:10,560 Speaker 1: eliminates the precast do nation allows me to get more done. 112 00:05:10,640 --> 00:05:13,080 Speaker 1: So a simple action step you can take is that, 113 00:05:13,279 --> 00:05:17,680 Speaker 1: just tonight, before you go to bed, list out tomorrow's tasks. Now, 114 00:05:17,720 --> 00:05:20,279 Speaker 1: I typically write down a few things like what's the 115 00:05:20,400 --> 00:05:23,400 Speaker 1: one main thing I have to get done, the non negotiable. 116 00:05:23,640 --> 00:05:26,159 Speaker 1: Then I'll write down what are three tasks that I 117 00:05:26,400 --> 00:05:28,560 Speaker 1: have to get done, and I write all those down 118 00:05:28,600 --> 00:05:30,920 Speaker 1: those are the non negotiables. And again, this is all 119 00:05:30,920 --> 00:05:32,680 Speaker 1: done in the Google form that I fill out every 120 00:05:32,680 --> 00:05:34,280 Speaker 1: single night. And again, if you want it, and I'll 121 00:05:34,279 --> 00:05:36,320 Speaker 1: share it with you, it's down below. It's all free. 122 00:05:36,360 --> 00:05:38,159 Speaker 1: There's a link to it if you want it. But 123 00:05:38,320 --> 00:05:41,040 Speaker 1: it brings us to habit number four, what I call 124 00:05:41,360 --> 00:05:44,240 Speaker 1: eating the frog first. Now, I see eating the frog 125 00:05:44,279 --> 00:05:47,600 Speaker 1: first is about a term that where it's basically, you 126 00:05:47,680 --> 00:05:49,680 Speaker 1: do your hardest task first. You do the thing that 127 00:05:49,760 --> 00:05:51,760 Speaker 1: you don't want to do, the biggest thing, the hardest thing, 128 00:05:51,800 --> 00:05:54,160 Speaker 1: the worst thing, and you do it first because of 129 00:05:54,200 --> 00:05:56,800 Speaker 1: the rest of the day gets easier. Maybe you'd say 130 00:05:56,800 --> 00:05:58,680 Speaker 1: the most important thing now for me, one of the 131 00:05:58,720 --> 00:06:01,200 Speaker 1: most important things for me would be working out. I've 132 00:06:01,200 --> 00:06:03,119 Speaker 1: been working out in the gym since I was about 133 00:06:03,160 --> 00:06:05,960 Speaker 1: fifteen years old, and I would typically always go after 134 00:06:06,040 --> 00:06:09,039 Speaker 1: work because I was never a morning person. Now, getting 135 00:06:09,080 --> 00:06:11,280 Speaker 1: to work was already hard enough for me, and after 136 00:06:11,320 --> 00:06:13,800 Speaker 1: work i'd go to the gym. The problem was, is 137 00:06:13,960 --> 00:06:16,800 Speaker 1: things changed once I got married, I had kids. Going 138 00:06:16,800 --> 00:06:19,120 Speaker 1: to the gym after work it was pretty difficult to 139 00:06:19,120 --> 00:06:21,520 Speaker 1: stay consistent with. But because it was so important to me, 140 00:06:21,920 --> 00:06:25,440 Speaker 1: I couldn't just fit in regular anymore. I figured, well, 141 00:06:25,560 --> 00:06:27,800 Speaker 1: I guess I have to put it first. So what 142 00:06:27,839 --> 00:06:30,159 Speaker 1: I'll do I guess is I'll have to wake up 143 00:06:30,400 --> 00:06:33,200 Speaker 1: like two hours earlier every day so I could go 144 00:06:33,320 --> 00:06:36,120 Speaker 1: before I go to work. Now, I remember sitting there 145 00:06:36,120 --> 00:06:38,440 Speaker 1: in the morning, waking up in the dark for a 146 00:06:38,440 --> 00:06:40,599 Speaker 1: couple of years and just like standing there in the dark, 147 00:06:40,640 --> 00:06:42,600 Speaker 1: thinking of every reason that I didn't have to go 148 00:06:42,680 --> 00:06:45,120 Speaker 1: to the gym, but I would go because it was 149 00:06:45,160 --> 00:06:47,400 Speaker 1: so important to me. I put it first. Now today 150 00:06:47,520 --> 00:06:50,479 Speaker 1: it's my most critical task. It's been so ingrained into 151 00:06:50,480 --> 00:06:52,560 Speaker 1: me now that I look at it like I have 152 00:06:52,680 --> 00:06:54,560 Speaker 1: to go to the gym because my day won't go 153 00:06:54,640 --> 00:06:56,840 Speaker 1: near as good, it won't be near as productive if 154 00:06:56,920 --> 00:07:00,839 Speaker 1: I don't do it. So eat the frog first. Put 155 00:07:00,880 --> 00:07:03,880 Speaker 1: it first, the most important thing, which takes us to 156 00:07:03,920 --> 00:07:07,160 Speaker 1: habit number five, which is what I call habit stacking. 157 00:07:07,560 --> 00:07:09,359 Speaker 1: So what we do is we connect new habits to 158 00:07:09,400 --> 00:07:12,640 Speaker 1: old habits. So, for example, obviously you know I'm making 159 00:07:12,720 --> 00:07:15,960 Speaker 1: videos on YouTube. We make content across the social media platforms, 160 00:07:16,120 --> 00:07:18,400 Speaker 1: and it's difficult to do that. I never have time 161 00:07:18,440 --> 00:07:20,960 Speaker 1: to do that. I'm always too busy. So I guess 162 00:07:21,040 --> 00:07:24,160 Speaker 1: let's create a habit and let's stack it on top 163 00:07:24,200 --> 00:07:26,520 Speaker 1: of the other habits. So now I get up, I 164 00:07:26,520 --> 00:07:28,280 Speaker 1: go to the gym, and as soon as I get 165 00:07:28,280 --> 00:07:30,960 Speaker 1: out of the gym, I create social media posts. So 166 00:07:31,000 --> 00:07:34,640 Speaker 1: now I've stacked another habit on top of another existing one. 167 00:07:34,880 --> 00:07:36,960 Speaker 1: So all you want to do is attach new habits 168 00:07:37,000 --> 00:07:39,120 Speaker 1: to existing ones that are already there. So if you 169 00:07:39,120 --> 00:07:41,520 Speaker 1: can think of just one thing you do consistently. Do 170 00:07:41,560 --> 00:07:43,800 Speaker 1: you wake up at the same time every day? Do 171 00:07:43,840 --> 00:07:45,960 Speaker 1: you brush your teeth at the same time every day 172 00:07:45,960 --> 00:07:47,960 Speaker 1: after you wake up? So okay, I brush my teeth 173 00:07:48,000 --> 00:07:50,520 Speaker 1: as soon as I wake up, and then I'll add 174 00:07:50,560 --> 00:07:52,640 Speaker 1: a habit right under the back of that. So think 175 00:07:52,640 --> 00:07:55,200 Speaker 1: about one habit that you would like to build into 176 00:07:55,240 --> 00:07:57,920 Speaker 1: your life that you can put on autopilot, write down 177 00:07:58,040 --> 00:08:01,400 Speaker 1: one thing you're doing consistently, and then match those things 178 00:08:01,480 --> 00:08:03,720 Speaker 1: up together and it'll be well in a way, which 179 00:08:03,800 --> 00:08:06,520 Speaker 1: brings us to habit number six, which is what I 180 00:08:06,560 --> 00:08:08,800 Speaker 1: call the time vault. And this is a key piece 181 00:08:08,840 --> 00:08:12,520 Speaker 1: that most people kind of overlook, they just absolutely don't value. 182 00:08:12,720 --> 00:08:14,720 Speaker 1: And I call it the vault because the vault is 183 00:08:14,720 --> 00:08:18,160 Speaker 1: where you would put your most storage, your most treasured assets. 184 00:08:18,360 --> 00:08:21,880 Speaker 1: And for us in economics, everything's built off of scarcity, 185 00:08:22,240 --> 00:08:24,840 Speaker 1: and the most scarce thing in the world is time. 186 00:08:25,200 --> 00:08:27,360 Speaker 1: So we've got to guard our time. We have to 187 00:08:27,880 --> 00:08:30,760 Speaker 1: guard it fiercely. Now. The one problem is, just like 188 00:08:30,800 --> 00:08:33,679 Speaker 1: your money, most of us wonder, you know, where it 189 00:08:33,720 --> 00:08:35,440 Speaker 1: all went at the end of the month, like where 190 00:08:35,440 --> 00:08:37,400 Speaker 1: did all my money go? Right, So then we learn 191 00:08:37,440 --> 00:08:39,640 Speaker 1: how to budget our money. But time is sort of 192 00:08:39,640 --> 00:08:41,280 Speaker 1: the same way. We look back and go where did 193 00:08:41,360 --> 00:08:44,199 Speaker 1: all our time go? But most people don't think about 194 00:08:44,200 --> 00:08:47,080 Speaker 1: budgeting their time, and so just like money, we don't 195 00:08:47,080 --> 00:08:49,679 Speaker 1: want to figure it out like where it went afterwards. 196 00:08:49,960 --> 00:08:52,840 Speaker 1: We want to plan in advance where that money will go. 197 00:08:53,040 --> 00:08:54,360 Speaker 1: And with our time, it should be the same way, 198 00:08:54,440 --> 00:08:57,840 Speaker 1: we plan in advance where time will go. Now, we 199 00:08:57,880 --> 00:09:01,600 Speaker 1: also want to respect our time. We don't just plan sloppily. 200 00:09:01,640 --> 00:09:03,360 Speaker 1: We don't just say, hey, I need an hour for 201 00:09:03,440 --> 00:09:06,960 Speaker 1: this meeting or whatever, like maybe it's only fifteen minutes, 202 00:09:07,400 --> 00:09:09,960 Speaker 1: maybe it's only ten minutes. I mean, if I'm going 203 00:09:10,000 --> 00:09:12,240 Speaker 1: to meet with somebody else, maybe I only need ten 204 00:09:12,280 --> 00:09:13,960 Speaker 1: minutes to meet with them. Do I really need an 205 00:09:13,960 --> 00:09:15,880 Speaker 1: hour or I need to block that out. I need 206 00:09:15,880 --> 00:09:18,440 Speaker 1: to respect my time. I also need to respect their time. 207 00:09:18,640 --> 00:09:20,200 Speaker 1: I don't want to take up or waste their time, 208 00:09:20,200 --> 00:09:23,080 Speaker 1: and in return, the respect my time as well. So 209 00:09:23,160 --> 00:09:25,320 Speaker 1: an action step that you can take is to measure 210 00:09:25,960 --> 00:09:28,600 Speaker 1: and budget where your time goes. Now. One thing that 211 00:09:28,640 --> 00:09:31,440 Speaker 1: I do regularly multiple times a year is something called 212 00:09:31,440 --> 00:09:33,640 Speaker 1: a time audit. So the first thing I want to 213 00:09:33,640 --> 00:09:36,600 Speaker 1: do is figure out where is my time even going. 214 00:09:36,960 --> 00:09:39,360 Speaker 1: So then I can track it for typically two weeks, 215 00:09:39,600 --> 00:09:41,840 Speaker 1: where all my time is going, and then I can 216 00:09:41,880 --> 00:09:43,959 Speaker 1: take a look back at it and go, hmmm, I 217 00:09:43,960 --> 00:09:47,080 Speaker 1: should probably spend more time here, less time there. So 218 00:09:47,120 --> 00:09:49,560 Speaker 1: when I budget out and I set new time blocks 219 00:09:49,559 --> 00:09:52,600 Speaker 1: on my calendar to make sure I'm completing those tasks 220 00:09:52,800 --> 00:09:56,199 Speaker 1: and spending the right amount of time in each section, 221 00:09:56,480 --> 00:10:01,160 Speaker 1: which brings us to habit number seven. Decision diet. Now 222 00:10:01,280 --> 00:10:03,840 Speaker 1: this is not diet as in food, although it could 223 00:10:03,840 --> 00:10:05,880 Speaker 1: include that, But I think about the decision diet is 224 00:10:05,960 --> 00:10:08,679 Speaker 1: trying to limit the amount of decisions that I have 225 00:10:08,760 --> 00:10:11,839 Speaker 1: to make, because decision fatigue is real. If we can 226 00:10:12,000 --> 00:10:14,840 Speaker 1: simplify our decisions, then we can preserve our energy, and 227 00:10:14,920 --> 00:10:18,640 Speaker 1: more importantly, we can preserve our creativity. So all my 228 00:10:18,760 --> 00:10:22,040 Speaker 1: creativity goes into the morning when my mind is fresh, 229 00:10:22,200 --> 00:10:24,920 Speaker 1: and I put all the decisions like management and calls 230 00:10:24,960 --> 00:10:28,000 Speaker 1: and things like that in the afternoon. So, for example, 231 00:10:28,840 --> 00:10:30,559 Speaker 1: why do you think you see me wearing a black 232 00:10:30,600 --> 00:10:32,960 Speaker 1: shirt every single day, Because that's one of the first 233 00:10:32,960 --> 00:10:35,080 Speaker 1: decisions I make in the day. I don't want to 234 00:10:35,080 --> 00:10:37,240 Speaker 1: make that decision, so I just wear the same thing 235 00:10:37,400 --> 00:10:39,800 Speaker 1: at lunch. I don't think about what I'm gonna eat 236 00:10:39,800 --> 00:10:42,920 Speaker 1: for lunch. I just eat the same thing every day. Now, 237 00:10:42,920 --> 00:10:45,400 Speaker 1: the reason why is because fewer decisions mean I have 238 00:10:45,520 --> 00:10:49,000 Speaker 1: more mental bandwidth to do higher value things. So an 239 00:10:49,000 --> 00:10:51,719 Speaker 1: action step that you can easily do is just think 240 00:10:51,720 --> 00:10:53,960 Speaker 1: about things that you do on a regular basis, like 241 00:10:54,160 --> 00:10:57,160 Speaker 1: getting dressed or eating lunch. What do you wear every day? 242 00:10:57,480 --> 00:10:59,360 Speaker 1: What do you have for lunch every day? How could 243 00:10:59,440 --> 00:11:01,880 Speaker 1: you audit made those things so you don't have to 244 00:11:01,920 --> 00:11:03,679 Speaker 1: think about them, putt any time, effort, in energy in 245 00:11:04,000 --> 00:11:06,280 Speaker 1: or decisions into them. What about getting your haircut once 246 00:11:06,280 --> 00:11:08,559 Speaker 1: a month? Should you just schedule that on autopilot? Right? 247 00:11:08,880 --> 00:11:11,439 Speaker 1: What are those things that you can automate and take 248 00:11:11,440 --> 00:11:13,760 Speaker 1: the decisions out now? Just make it in standing appointment 249 00:11:13,760 --> 00:11:16,280 Speaker 1: every single month. What are the things that I can automate? 250 00:11:16,480 --> 00:11:17,800 Speaker 1: What are the things I can get rid of? What 251 00:11:17,840 --> 00:11:20,760 Speaker 1: are decisions so I could use my cognitive ability for 252 00:11:20,880 --> 00:11:24,360 Speaker 1: higher value things which brings us to habit Number eight 253 00:11:24,800 --> 00:11:27,400 Speaker 1: curate to elevate. Now, a lot of us watch the news. 254 00:11:27,440 --> 00:11:29,160 Speaker 1: I mean you should. We should be paying attention to 255 00:11:29,160 --> 00:11:30,920 Speaker 1: what's going on in the world. We should be looking 256 00:11:30,920 --> 00:11:32,640 Speaker 1: at the way things are evolving around you know, in 257 00:11:32,679 --> 00:11:35,840 Speaker 1: our business, our profession, and you know, for me specifically, 258 00:11:35,840 --> 00:11:37,480 Speaker 1: I have to study the markets, have to study the 259 00:11:37,480 --> 00:11:40,360 Speaker 1: macro environments all the time. I have to study marketing. 260 00:11:40,360 --> 00:11:42,520 Speaker 1: I have to study content creation, I have to study 261 00:11:42,559 --> 00:11:45,160 Speaker 1: technology coming out. So how do I stay on top 262 00:11:45,200 --> 00:11:48,160 Speaker 1: of that? Well, instead of just curating my news, I 263 00:11:48,200 --> 00:11:51,200 Speaker 1: also curate my learning you see, we have so much 264 00:11:51,280 --> 00:11:53,520 Speaker 1: news that we can go through and we can read 265 00:11:53,559 --> 00:11:56,040 Speaker 1: all the news websites. But I learned early on is 266 00:11:56,040 --> 00:11:58,200 Speaker 1: that other people do that as well. And there's some 267 00:11:58,240 --> 00:12:01,240 Speaker 1: people that write newsletters where they've already taken all the 268 00:12:01,280 --> 00:12:04,600 Speaker 1: news and then they provide analysis to that. So there's 269 00:12:04,640 --> 00:12:07,120 Speaker 1: a handful of email newsletters that I subscribe to, and 270 00:12:07,200 --> 00:12:09,960 Speaker 1: they tell me what the macro markets are doing every day, 271 00:12:10,200 --> 00:12:12,480 Speaker 1: they tell me what the tech markets are doing every day. 272 00:12:12,600 --> 00:12:15,000 Speaker 1: They tell me what the greatest AI tools that are 273 00:12:15,000 --> 00:12:18,000 Speaker 1: coming out every single day. And so these guys, they're 274 00:12:18,040 --> 00:12:20,800 Speaker 1: already going through all the information and then they curate 275 00:12:20,840 --> 00:12:22,400 Speaker 1: the very best of it and they give me the 276 00:12:22,480 --> 00:12:25,000 Speaker 1: analysis on them. And so by following just a hand 277 00:12:25,120 --> 00:12:28,880 Speaker 1: pick selection a curated list of newsletters and feeds and 278 00:12:28,960 --> 00:12:31,480 Speaker 1: YouTube channels, then I get not just the news, but 279 00:12:31,520 --> 00:12:33,640 Speaker 1: I get it analyzed, I get it curated, and I 280 00:12:33,679 --> 00:12:36,440 Speaker 1: get it brought right to me, so I get quality 281 00:12:36,440 --> 00:12:39,559 Speaker 1: inputs and I get quality outputs. And so you can 282 00:12:39,559 --> 00:12:43,000 Speaker 1: do this very easily, just cure your news feed intentionally. 283 00:12:43,040 --> 00:12:45,480 Speaker 1: So for example, on Twitter, what you could do is 284 00:12:45,480 --> 00:12:47,360 Speaker 1: if you wanted to follow a bunch of people, I 285 00:12:47,360 --> 00:12:49,160 Speaker 1: guess that's fine, But what you could do is make 286 00:12:49,200 --> 00:12:51,560 Speaker 1: a list of people that you need to follow for 287 00:12:51,640 --> 00:12:54,400 Speaker 1: certain things. So, for example, on my x profile, I 288 00:12:54,440 --> 00:12:56,840 Speaker 1: have several lists. I have a macro list, I have 289 00:12:56,880 --> 00:12:59,560 Speaker 1: a Bitcoin list, I have my AI coding list, I 290 00:12:59,559 --> 00:13:01,719 Speaker 1: have my a I prompt list, and then I can 291 00:13:01,760 --> 00:13:04,440 Speaker 1: just look at those people that provide the signal on 292 00:13:04,520 --> 00:13:06,760 Speaker 1: those things. Now, the rest of my social media like 293 00:13:06,800 --> 00:13:09,760 Speaker 1: Instagram or whatever, I don't even have any friends on there. 294 00:13:10,080 --> 00:13:13,520 Speaker 1: I just follow people in the industry. It's where I 295 00:13:13,679 --> 00:13:16,560 Speaker 1: curate the news, so I'm not wasting time. It's all 296 00:13:16,640 --> 00:13:19,839 Speaker 1: learning for me, which brings us to habit number nine. 297 00:13:20,280 --> 00:13:25,000 Speaker 1: The idea factory, and the idea factory produces well ideas. Now, 298 00:13:25,000 --> 00:13:27,680 Speaker 1: what I've learned is that creativity is like a muscle, 299 00:13:27,960 --> 00:13:31,000 Speaker 1: and that muscle, that creativity, it can be built up. 300 00:13:31,160 --> 00:13:34,439 Speaker 1: So for example, right now, I run multiple eight figure businesses. 301 00:13:34,679 --> 00:13:36,959 Speaker 1: On top of that, I'm an advisor or a chief 302 00:13:37,080 --> 00:13:40,920 Speaker 1: visionary officer to four different companies that total over half 303 00:13:40,960 --> 00:13:43,280 Speaker 1: a billion dollars. Now, these people have brought me on 304 00:13:43,600 --> 00:13:46,360 Speaker 1: because of my creativity, my ability to see things, to 305 00:13:46,360 --> 00:13:49,440 Speaker 1: see patterns, to connect dots that most people just don't see. 306 00:13:49,640 --> 00:13:52,240 Speaker 1: But I wasn't always this way. I did it intentionally. 307 00:13:52,559 --> 00:13:54,760 Speaker 1: It was about fifteen years ago again in my personal 308 00:13:54,800 --> 00:13:57,480 Speaker 1: development quest. I was listening to a program I had 309 00:13:57,520 --> 00:14:00,600 Speaker 1: purchased from Brian Tracy, and he talked about building the 310 00:14:00,679 --> 00:14:04,199 Speaker 1: idea factory, and he talked about building the creative muscle, 311 00:14:04,480 --> 00:14:06,480 Speaker 1: and he said that every day I should get out 312 00:14:06,480 --> 00:14:08,760 Speaker 1: a piece of paper in the morning and write down 313 00:14:08,800 --> 00:14:11,880 Speaker 1: ten ideas. So I thought, okay, let me try that now. 314 00:14:11,920 --> 00:14:15,319 Speaker 1: In the beginning, the ideas were terrible. I didn't even 315 00:14:15,320 --> 00:14:17,400 Speaker 1: know what to write down. It was just gibberish. But 316 00:14:17,520 --> 00:14:20,200 Speaker 1: over time it got better and better and better, and 317 00:14:20,240 --> 00:14:24,320 Speaker 1: today I see ideas everywhere. My idea factory is running 318 00:14:24,560 --> 00:14:27,600 Speaker 1: full steam. But again it wasn't because I was born 319 00:14:27,640 --> 00:14:31,359 Speaker 1: this way. It was because I built the idea factory intentionally. 320 00:14:31,680 --> 00:14:34,280 Speaker 1: So the action step for you to do is what 321 00:14:34,320 --> 00:14:36,560 Speaker 1: I did. Get out a piece of paper every morning, 322 00:14:36,920 --> 00:14:41,320 Speaker 1: write down five ideas. Start with five, right, Write five 323 00:14:41,400 --> 00:14:44,680 Speaker 1: ideas every morning, and just know they're going to be bad. 324 00:14:44,680 --> 00:14:46,640 Speaker 1: In the beginning, you're not going to know what to write, 325 00:14:46,640 --> 00:14:50,120 Speaker 1: but continue down that path. Now today I can't turn 326 00:14:50,160 --> 00:14:53,440 Speaker 1: it off. I just get new ideas coming at me NonStop, 327 00:14:53,520 --> 00:14:56,200 Speaker 1: never ending. So I built the habit. I built the 328 00:14:56,240 --> 00:14:59,400 Speaker 1: idea factory, which brings us to the next habit happen. 329 00:14:59,480 --> 00:15:02,640 Speaker 1: Number ten, just in time learning. You see, we've been 330 00:15:02,680 --> 00:15:05,920 Speaker 1: taught that, especially in the information age, that knowledge is power, 331 00:15:05,960 --> 00:15:08,960 Speaker 1: but that couldn't be further from the truth. Only knowledge 332 00:15:08,960 --> 00:15:11,760 Speaker 1: apply this power. And so what we want is to 333 00:15:11,880 --> 00:15:15,360 Speaker 1: learn on demand or learn exactly what we need to 334 00:15:15,480 --> 00:15:18,160 Speaker 1: solve the problem right in front of us, what I 335 00:15:18,240 --> 00:15:21,440 Speaker 1: call just in time. You see, there's three levels to 336 00:15:21,560 --> 00:15:24,520 Speaker 1: learning and understanding something. The first level is of course, 337 00:15:24,640 --> 00:15:28,120 Speaker 1: reading the information, receiving the information. The second level is 338 00:15:28,120 --> 00:15:30,920 Speaker 1: then we need to apply the information, and then the 339 00:15:30,960 --> 00:15:33,760 Speaker 1: third level, well understanding, is to teach the information. Now, 340 00:15:33,760 --> 00:15:35,520 Speaker 1: what we want to do is we want to read it, 341 00:15:35,800 --> 00:15:38,120 Speaker 1: learn it, and then we want to apply it right away, 342 00:15:38,320 --> 00:15:41,000 Speaker 1: which means we should only be reading, we should only 343 00:15:41,080 --> 00:15:43,640 Speaker 1: be learning things that we need right now. So if 344 00:15:43,680 --> 00:15:46,600 Speaker 1: you look through my book library, hundreds and hundreds of books, 345 00:15:46,920 --> 00:15:50,440 Speaker 1: they're super diverse. I have books on human resources or hiring. 346 00:15:50,520 --> 00:15:53,480 Speaker 1: I have books on marketing, I have history books like 347 00:15:53,560 --> 00:15:55,840 Speaker 1: you know, all these different things, right, And the reason 348 00:15:55,840 --> 00:15:58,840 Speaker 1: why is because when I'm hiring people I'm reading books 349 00:15:58,840 --> 00:16:01,960 Speaker 1: on hiring or human resoce and recruiting. And when I'm 350 00:16:02,000 --> 00:16:05,360 Speaker 1: scaling my business, I'm reading books on scaling businesses. And 351 00:16:05,360 --> 00:16:07,960 Speaker 1: when I'm building new marketing promos, then I'm reading books 352 00:16:07,960 --> 00:16:11,560 Speaker 1: on marketing. Right I learn exactly what I need for 353 00:16:11,720 --> 00:16:14,680 Speaker 1: the problem in hand, just in time now, at the 354 00:16:14,720 --> 00:16:18,080 Speaker 1: time I need the information, I read it, I apply it, 355 00:16:18,120 --> 00:16:20,560 Speaker 1: and because of that, I learn it faster. But it 356 00:16:20,560 --> 00:16:23,600 Speaker 1: also saves me all the time of reading and watching 357 00:16:23,680 --> 00:16:25,760 Speaker 1: and learning a bunch of things that I don't need 358 00:16:25,840 --> 00:16:28,920 Speaker 1: right now. So the action step to take is what 359 00:16:29,000 --> 00:16:31,280 Speaker 1: is the thing that you need to know right now 360 00:16:31,280 --> 00:16:33,920 Speaker 1: to move your biggest domino, the biggest thing you need 361 00:16:33,960 --> 00:16:37,520 Speaker 1: to move forward in your life right now? Then ignore 362 00:16:37,560 --> 00:16:42,040 Speaker 1: everything else. Go get that information, receive it, apply the 363 00:16:42,080 --> 00:16:44,520 Speaker 1: information right now to solve your problem immediately to see 364 00:16:44,520 --> 00:16:47,480 Speaker 1: your growth blow up. A small business owner, are you 365 00:16:47,640 --> 00:16:50,280 Speaker 1: buried in all types of work keeping you from the 366 00:16:50,360 --> 00:16:52,920 Speaker 1: real thing that makes you money? Well that's where just 367 00:16:53,000 --> 00:16:55,040 Speaker 1: Works comes in. They're the all in one platform that 368 00:16:55,040 --> 00:16:58,440 Speaker 1: supports small business growth. You can get all their tools 369 00:16:58,440 --> 00:17:01,080 Speaker 1: that help with benefits like pay ye, role and HR 370 00:17:01,160 --> 00:17:05,200 Speaker 1: and compliance with transparent pricing. Now They help you hire 371 00:17:05,240 --> 00:17:09,959 Speaker 1: top talent internationally, internew markets, quickly scale international operations without 372 00:17:09,960 --> 00:17:13,000 Speaker 1: the workload, and for every how do I do it? Question, 373 00:17:13,200 --> 00:17:15,560 Speaker 1: you can reach out to their expert staff from soul 374 00:17:15,640 --> 00:17:19,480 Speaker 1: proprietor or a team of twenty. Just Works empowers all 375 00:17:19,600 --> 00:17:23,359 Speaker 1: kinds of small businesses with real human support. So visit 376 00:17:23,520 --> 00:17:27,080 Speaker 1: justworks dot com slash podcast to join the thousands of 377 00:17:27,119 --> 00:17:31,040 Speaker 1: small businesses that trust just Works to take care of payroll, benefits, 378 00:17:31,200 --> 00:17:36,000 Speaker 1: compliance and more. Again, that's Justworks dot Com slash Podcasts. 379 00:17:37,080 --> 00:17:40,480 Speaker 1: Habit number eleven. The growth budget. Now, this is the 380 00:17:40,480 --> 00:17:43,320 Speaker 1: next piece. So we're obviously we want to be growing, right, 381 00:17:43,440 --> 00:17:45,720 Speaker 1: but we also want to be growing as fast as 382 00:17:45,760 --> 00:17:47,800 Speaker 1: we can do. You want to grow a little bit 383 00:17:47,800 --> 00:17:49,280 Speaker 1: in a year or a little bit in a week, 384 00:17:49,600 --> 00:17:51,840 Speaker 1: which is what these habits actually bring to us. And 385 00:17:51,920 --> 00:17:55,280 Speaker 1: to speed this process up, we need to be investing 386 00:17:55,480 --> 00:17:57,600 Speaker 1: in ourselves. Now. If I've been watching my content for 387 00:17:57,640 --> 00:18:00,159 Speaker 1: some time, you've probably heard me tell the story of 388 00:18:00,160 --> 00:18:02,240 Speaker 1: how in two thousand and eight, during the Great Financial Crash, 389 00:18:02,280 --> 00:18:04,959 Speaker 1: I got wiped out. I was completely caught off sides. 390 00:18:05,160 --> 00:18:06,960 Speaker 1: I had built up a couple of businesses and sold 391 00:18:06,960 --> 00:18:09,240 Speaker 1: them off some big exits. I did amazing in business, 392 00:18:09,440 --> 00:18:12,600 Speaker 1: but I wasn't paying attention to the global financial market 393 00:18:12,760 --> 00:18:14,920 Speaker 1: and it got me. So I had to go figure 394 00:18:14,920 --> 00:18:17,960 Speaker 1: that out. That was the information, the just in time 395 00:18:18,000 --> 00:18:20,399 Speaker 1: information that I needed right then. So what do I 396 00:18:20,440 --> 00:18:24,440 Speaker 1: do well? I invested into investment newsletters, I invested into 397 00:18:24,720 --> 00:18:27,720 Speaker 1: coaching offers, and I spent years spending lots of money, 398 00:18:27,760 --> 00:18:31,040 Speaker 1: tens of thousands, hundreds of thousands of dollars on these newsletters, 399 00:18:31,560 --> 00:18:34,240 Speaker 1: on these coaching programs. But they enabled me to get 400 00:18:34,240 --> 00:18:36,879 Speaker 1: the knowledge and the information that I have today, and 401 00:18:36,960 --> 00:18:39,800 Speaker 1: so I believe it's been proven for me the highest 402 00:18:39,800 --> 00:18:44,359 Speaker 1: return on your investment comes from your own personal growth. Now, 403 00:18:44,520 --> 00:18:46,879 Speaker 1: the markets come and go, they crash, they boom, My 404 00:18:46,920 --> 00:18:50,239 Speaker 1: businesses could crash. But the knowledge that I have of 405 00:18:50,240 --> 00:18:53,120 Speaker 1: how the markets work, how business works, it can never 406 00:18:53,160 --> 00:18:55,120 Speaker 1: be taken from me, and so I can just go 407 00:18:55,440 --> 00:18:58,000 Speaker 1: use it again and again, which is the highest return 408 00:18:58,080 --> 00:19:00,480 Speaker 1: we can ever have. So an action step you is 409 00:19:00,560 --> 00:19:05,600 Speaker 1: literally budget some money for learning and maybe for masterminds. 410 00:19:05,720 --> 00:19:08,040 Speaker 1: Put some away, just like you'd put away for a 411 00:19:08,080 --> 00:19:10,400 Speaker 1: new car, you'd put away for a new house, you'd 412 00:19:10,400 --> 00:19:12,880 Speaker 1: put away for a vacation or whatever. Start budgeting money 413 00:19:12,880 --> 00:19:16,040 Speaker 1: to go into a conference to learn something, a course, 414 00:19:16,080 --> 00:19:18,560 Speaker 1: a program that you can buy, a mastermind that you 415 00:19:18,560 --> 00:19:21,040 Speaker 1: can attend. Now I typically go to one to two 416 00:19:21,080 --> 00:19:23,720 Speaker 1: masterminds every single year. They typically cost like twenty five 417 00:19:23,760 --> 00:19:27,200 Speaker 1: thousand to fifty thousand dollars because they continue to pay 418 00:19:27,480 --> 00:19:30,000 Speaker 1: those types of dividends for me, which brings us to 419 00:19:30,040 --> 00:19:33,679 Speaker 1: the next habit, Habit number twelve. Autopilot your wealth. And 420 00:19:33,720 --> 00:19:35,600 Speaker 1: what we want to do here is we want to 421 00:19:35,800 --> 00:19:38,639 Speaker 1: automate our savings and really we want to think about 422 00:19:38,680 --> 00:19:41,920 Speaker 1: paying ourselves first. So all of this, all these habits 423 00:19:42,160 --> 00:19:44,280 Speaker 1: are about getting the life that I want. Of course, 424 00:19:44,560 --> 00:19:47,720 Speaker 1: first I have to determine what that is that I want. 425 00:19:48,080 --> 00:19:50,919 Speaker 1: So once I know what those things are, then I 426 00:19:50,960 --> 00:19:53,960 Speaker 1: want to automate it. I want to guarantee my success, 427 00:19:54,280 --> 00:19:56,600 Speaker 1: and so I do that thing with my wealth. I 428 00:19:56,640 --> 00:19:59,359 Speaker 1: automate my savings. So for example, if I want to 429 00:19:59,359 --> 00:20:02,679 Speaker 1: save money for vacation or for a car for my education, 430 00:20:02,760 --> 00:20:05,040 Speaker 1: for example, well I would decide how much I need, 431 00:20:05,680 --> 00:20:08,320 Speaker 1: when do I need it buy, what percentage of my 432 00:20:08,440 --> 00:20:11,240 Speaker 1: income should I put aside to achieve that goal, and 433 00:20:11,359 --> 00:20:13,800 Speaker 1: over what period of time? And then once I've figured 434 00:20:13,840 --> 00:20:16,000 Speaker 1: all that out, spent the time and energy doing that. 435 00:20:16,119 --> 00:20:18,920 Speaker 1: Then I automated so I never have to think through 436 00:20:19,040 --> 00:20:21,680 Speaker 1: all of that ever again. So I spend the time upfront, 437 00:20:22,200 --> 00:20:24,439 Speaker 1: I think through it, and then I automate it. So 438 00:20:24,520 --> 00:20:26,720 Speaker 1: easy ways that you can do this are one, you 439 00:20:26,720 --> 00:20:28,760 Speaker 1: could just go to your bank. You can open up 440 00:20:28,800 --> 00:20:30,800 Speaker 1: as many bank accounts as you want, and then you know, 441 00:20:30,840 --> 00:20:32,520 Speaker 1: let's let you do that, and then you can set 442 00:20:32,600 --> 00:20:35,520 Speaker 1: up automatic transfers from bank account to bank account. So 443 00:20:35,560 --> 00:20:37,840 Speaker 1: what I suggest is you want to have all your 444 00:20:37,840 --> 00:20:41,000 Speaker 1: money go into one account, but you don't spend from 445 00:20:41,000 --> 00:20:45,000 Speaker 1: that account. The money then distributes out to other accounts 446 00:20:45,119 --> 00:20:47,640 Speaker 1: that spend. So this one, you know, pays the car, 447 00:20:47,880 --> 00:20:50,520 Speaker 1: this one pays my loans, this one pays the bills 448 00:20:50,800 --> 00:20:52,680 Speaker 1: or whatever it is. And you want to set that 449 00:20:52,760 --> 00:20:55,280 Speaker 1: up automatically so you don't have to do this manually. 450 00:20:55,480 --> 00:20:58,040 Speaker 1: And you could do it manually, but it defeats the 451 00:20:58,080 --> 00:21:00,800 Speaker 1: whole purpose. Now there's a tool that I've checking out recently. 452 00:21:00,880 --> 00:21:03,560 Speaker 1: It's called get sequence, and you can build this all 453 00:21:03,560 --> 00:21:06,440 Speaker 1: out automated, in like an automated workflow. It's pretty cool. 454 00:21:06,600 --> 00:21:09,320 Speaker 1: But however you do it, make sure to automate these 455 00:21:09,320 --> 00:21:12,480 Speaker 1: things and automate your wealth, which brings us to have 456 00:21:12,600 --> 00:21:16,120 Speaker 1: at number twelve weekly health pulse. Now, some people will 457 00:21:16,119 --> 00:21:18,160 Speaker 1: tell you that you should look at your money every 458 00:21:18,160 --> 00:21:20,520 Speaker 1: single day, and there's certainly nothing wrong with that, and 459 00:21:20,560 --> 00:21:22,320 Speaker 1: maybe you should in the beginning, but I like to 460 00:21:22,320 --> 00:21:25,000 Speaker 1: look at it more in depth every single week. It's 461 00:21:25,040 --> 00:21:27,359 Speaker 1: like you know, stepping on the scale once a week 462 00:21:27,400 --> 00:21:29,600 Speaker 1: to see how much weight you're gaining or losing, or 463 00:21:29,680 --> 00:21:32,040 Speaker 1: checking your vital signs. And I want to understand my 464 00:21:32,200 --> 00:21:36,400 Speaker 1: overall wealth in my business and for myself personally. Now, 465 00:21:36,400 --> 00:21:39,000 Speaker 1: there's three things that you should be looking at every 466 00:21:39,040 --> 00:21:42,280 Speaker 1: single week, at least every single month. Now. The first 467 00:21:42,359 --> 00:21:44,879 Speaker 1: is the profit and loss. How much money did I 468 00:21:44,920 --> 00:21:47,800 Speaker 1: bring in and how much money did I spend. I 469 00:21:47,800 --> 00:21:49,760 Speaker 1: don't care if it's a business, I don't care if 470 00:21:49,800 --> 00:21:51,560 Speaker 1: you're a W two. You should be looking at this. 471 00:21:51,680 --> 00:21:54,240 Speaker 1: For yourself, we want to be looking at that every 472 00:21:54,280 --> 00:21:57,399 Speaker 1: single week. Then I want to understand my statement of 473 00:21:57,440 --> 00:22:00,399 Speaker 1: cash flows, like where did my money actually go? And 474 00:22:00,440 --> 00:22:03,760 Speaker 1: then ultimately number three. Most people do not do this, 475 00:22:04,119 --> 00:22:06,840 Speaker 1: but you should. I want to look at the balance sheet. 476 00:22:07,040 --> 00:22:09,360 Speaker 1: The balance sheet is what I like to call my scorecard. 477 00:22:09,520 --> 00:22:13,240 Speaker 1: This is where all my assets are listed minus all 478 00:22:13,240 --> 00:22:16,359 Speaker 1: my liabilities, and then what's the balance of that. Like 479 00:22:16,400 --> 00:22:18,879 Speaker 1: I said, that's the scorecard. Because the goal in the 480 00:22:18,880 --> 00:22:21,800 Speaker 1: game of building wealth is to take earned income and 481 00:22:21,840 --> 00:22:24,840 Speaker 1: turn it into assets, and this tells us how well 482 00:22:24,880 --> 00:22:27,800 Speaker 1: we're doing in that game, and we can monitor that 483 00:22:27,840 --> 00:22:30,159 Speaker 1: on a regular basis. So the action step for this 484 00:22:30,320 --> 00:22:33,240 Speaker 1: is to figure out when every week you can do this. Again, 485 00:22:33,280 --> 00:22:35,040 Speaker 1: I do it every week. I do it on Fridays. 486 00:22:35,240 --> 00:22:37,399 Speaker 1: Maybe for you it's on a Sunday, but then you 487 00:22:37,480 --> 00:22:40,320 Speaker 1: put it on your calendar. Then you get all three 488 00:22:40,320 --> 00:22:42,280 Speaker 1: of these reports. If you don't have them, you need 489 00:22:42,320 --> 00:22:43,679 Speaker 1: to figure out how to get them so you can 490 00:22:43,720 --> 00:22:47,040 Speaker 1: review them every single week. Now this brings us to 491 00:22:47,160 --> 00:22:51,480 Speaker 1: habit number fourteen income insurance, because now that we're looking 492 00:22:51,480 --> 00:22:55,080 Speaker 1: at our profits, how many streams of profits or income 493 00:22:55,080 --> 00:22:58,000 Speaker 1: do we have? And if it's just one, then we 494 00:22:58,080 --> 00:23:00,840 Speaker 1: need to be thinking about how we can diversify that income. 495 00:23:01,000 --> 00:23:03,680 Speaker 1: You've heard many times that the wealthy have multiple streams 496 00:23:03,720 --> 00:23:06,840 Speaker 1: of income, but I think most people get that wrong 497 00:23:06,880 --> 00:23:08,760 Speaker 1: when they think about it. You see, what we want 498 00:23:08,920 --> 00:23:12,200 Speaker 1: is we want to diversify our income sources. So we're 499 00:23:12,240 --> 00:23:15,000 Speaker 1: not beholding to just one income stream. But like I said, 500 00:23:15,119 --> 00:23:17,720 Speaker 1: it's not how most people think about it. Now. I 501 00:23:17,720 --> 00:23:19,760 Speaker 1: had to learn this lesson the hard way. What happened 502 00:23:19,760 --> 00:23:21,440 Speaker 1: to me back in two thousand and eighties, as I 503 00:23:21,520 --> 00:23:24,439 Speaker 1: told you earlier, is that I had multiple businesses and 504 00:23:24,480 --> 00:23:26,600 Speaker 1: I had two big exits. I sold them off and 505 00:23:26,640 --> 00:23:28,879 Speaker 1: I sold all that and I put it into investments. 506 00:23:29,240 --> 00:23:31,639 Speaker 1: And when the market's crashed, I found myself owing a 507 00:23:31,640 --> 00:23:34,080 Speaker 1: lot of money, but I had no income. I had 508 00:23:34,119 --> 00:23:36,840 Speaker 1: sold my income streams. So whether you sell your income 509 00:23:36,880 --> 00:23:39,240 Speaker 1: streams or you only have one income stream and you 510 00:23:39,320 --> 00:23:42,080 Speaker 1: lose it, the risk is still the same. So if 511 00:23:42,119 --> 00:23:44,600 Speaker 1: I have a business, I don't want all my business 512 00:23:44,600 --> 00:23:47,240 Speaker 1: to be coming from just one customer. I want to 513 00:23:47,280 --> 00:23:50,040 Speaker 1: have multiple customers. As a matter of fact, if you 514 00:23:50,080 --> 00:23:52,360 Speaker 1: want to sell your business and you only had one customer, 515 00:23:52,560 --> 00:23:54,960 Speaker 1: your business isn't worth a lot of money because it's 516 00:23:54,960 --> 00:23:57,760 Speaker 1: so risky. So you want to diversify the income streams 517 00:23:57,800 --> 00:24:02,399 Speaker 1: across one multiple customers, two maybe across multiple products, so 518 00:24:02,440 --> 00:24:04,840 Speaker 1: you don't have to go start multiple businesses. You see, 519 00:24:04,840 --> 00:24:06,320 Speaker 1: that's where most people get this wrong. They want to 520 00:24:06,320 --> 00:24:09,440 Speaker 1: start all these businesses here's focus on your core competency, 521 00:24:09,440 --> 00:24:12,720 Speaker 1: but have multiple customers, have multiple products. Now let's say 522 00:24:12,720 --> 00:24:15,640 Speaker 1: that you're an employee. Well, it's the same thing. Your 523 00:24:15,680 --> 00:24:18,480 Speaker 1: income is then coming from just one source, your job. 524 00:24:18,680 --> 00:24:21,240 Speaker 1: So for you, you probably should start thinking about some 525 00:24:21,359 --> 00:24:23,520 Speaker 1: side hustle, some contract work that you could do to 526 00:24:23,560 --> 00:24:27,760 Speaker 1: diversify those income streams, at least building up the skills. 527 00:24:28,200 --> 00:24:30,960 Speaker 1: So if you need to do you could go find 528 00:24:31,119 --> 00:24:33,399 Speaker 1: more income at least have the skills to do that. 529 00:24:33,400 --> 00:24:35,240 Speaker 1: The one thing they can't take away. So the action 530 00:24:35,320 --> 00:24:38,000 Speaker 1: step here is to build multiple income streams. Again, if 531 00:24:38,040 --> 00:24:40,679 Speaker 1: you have a business, how can I find more customers? 532 00:24:40,840 --> 00:24:44,280 Speaker 1: How can we launch more products within the existing business? 533 00:24:44,680 --> 00:24:47,359 Speaker 1: Not that I need to go start new businesses that 534 00:24:47,400 --> 00:24:51,760 Speaker 1: makes sense. This brings us to habit fifteen, build or 535 00:24:51,800 --> 00:24:54,320 Speaker 1: be built. If you follow me on social media, you 536 00:24:54,320 --> 00:24:56,399 Speaker 1: see the posting about this probably all the time, and 537 00:24:56,400 --> 00:24:59,920 Speaker 1: it basically means that we should engineer our ideal life. 538 00:25:00,080 --> 00:25:02,239 Speaker 1: So for me, I want to think about what is 539 00:25:02,320 --> 00:25:05,600 Speaker 1: my ideal life? So for example, I was coaching one 540 00:25:05,600 --> 00:25:09,000 Speaker 1: of my high end members and he was very well off, 541 00:25:09,320 --> 00:25:11,159 Speaker 1: and he came up in front of the crowd. You know, 542 00:25:11,200 --> 00:25:12,560 Speaker 1: I was talking to him in the hot seat and 543 00:25:12,560 --> 00:25:14,560 Speaker 1: he said, you know, Mark, the problem is I feel 544 00:25:14,600 --> 00:25:16,600 Speaker 1: like I'm just not spending enough time with my wife. 545 00:25:16,640 --> 00:25:19,080 Speaker 1: I think I'm working way too much. I don't spend 546 00:25:19,160 --> 00:25:21,720 Speaker 1: enough time with her. And I said, great, it's a 547 00:25:21,760 --> 00:25:24,280 Speaker 1: good problem. So how much time should you spend with 548 00:25:24,359 --> 00:25:26,639 Speaker 1: your wife? But of course he didn't know the answer 549 00:25:26,640 --> 00:25:29,400 Speaker 1: to that. So the question is how much time should 550 00:25:29,440 --> 00:25:31,160 Speaker 1: you spend with your wife if you want to have 551 00:25:31,440 --> 00:25:33,240 Speaker 1: a good relationship, or how much time with your kids? 552 00:25:33,400 --> 00:25:36,080 Speaker 1: Or what do you do with your health to look 553 00:25:36,119 --> 00:25:37,359 Speaker 1: you know, what do you want your health to look like? 554 00:25:37,520 --> 00:25:39,720 Speaker 1: Or what do you do with your day to day life? 555 00:25:39,760 --> 00:25:41,680 Speaker 1: What do you want that to look like? You see, 556 00:25:41,760 --> 00:25:43,960 Speaker 1: what we want to do is design what our ideal 557 00:25:44,000 --> 00:25:46,800 Speaker 1: life is. And if we can define it, then we 558 00:25:46,840 --> 00:25:50,719 Speaker 1: can engineer it our business, our relationships, our legacy. But 559 00:25:51,200 --> 00:25:53,800 Speaker 1: we have to have that clear vision first and we 560 00:25:53,960 --> 00:25:56,679 Speaker 1: have to have our aim. And then once we have 561 00:25:56,720 --> 00:25:59,159 Speaker 1: our aim, our path becomes clear. So the action step 562 00:25:59,600 --> 00:26:01,760 Speaker 1: to take is to spend a little bit of time 563 00:26:01,880 --> 00:26:04,760 Speaker 1: or maybe a lot of time thinking about this. Now. 564 00:26:05,200 --> 00:26:07,160 Speaker 1: The way that I would do this is I future 565 00:26:07,200 --> 00:26:09,199 Speaker 1: pace it, so I think of myself in the future, 566 00:26:09,440 --> 00:26:12,879 Speaker 1: some time in the future, and think about yourself and 567 00:26:12,960 --> 00:26:16,360 Speaker 1: imagine what your ideal day would look like. Not your 568 00:26:16,680 --> 00:26:19,320 Speaker 1: single dream day, right, but just like your average day 569 00:26:19,440 --> 00:26:22,320 Speaker 1: in the future. You want a billion dollars, what would 570 00:26:22,320 --> 00:26:25,440 Speaker 1: you do? You know, you know billionaires still work, right, 571 00:26:25,840 --> 00:26:28,040 Speaker 1: It's because they found things they like to do. So 572 00:26:28,080 --> 00:26:30,159 Speaker 1: what would those things be for you? What would you 573 00:26:30,200 --> 00:26:33,480 Speaker 1: wake up? Would you have a spouse, would you be married, 574 00:26:33,800 --> 00:26:36,000 Speaker 1: Would you be in a different country. Would you be 575 00:26:36,000 --> 00:26:37,840 Speaker 1: on a beach, would you be in the mountains? What 576 00:26:37,840 --> 00:26:40,239 Speaker 1: would your day be like? Would you be filled with 577 00:26:40,320 --> 00:26:42,360 Speaker 1: just leisure and lay down all day for eighteen hours 578 00:26:42,359 --> 00:26:45,040 Speaker 1: a day, or would you like work on things that 579 00:26:45,080 --> 00:26:48,800 Speaker 1: bring you energy? Would you be using creativity at night? 580 00:26:48,840 --> 00:26:50,840 Speaker 1: Would you be with family or friends? Would you be 581 00:26:51,400 --> 00:26:54,560 Speaker 1: doing dinners? What would you be doing? What would that 582 00:26:54,840 --> 00:26:57,320 Speaker 1: look like? See? Once you figure out what you want 583 00:26:57,359 --> 00:27:00,920 Speaker 1: your lifestyle to look like, then you can work backwards 584 00:27:00,960 --> 00:27:03,400 Speaker 1: from there. So the action step here is to think 585 00:27:03,440 --> 00:27:06,720 Speaker 1: through that, write that down, summarize it into a single 586 00:27:06,760 --> 00:27:09,919 Speaker 1: statement about yourself. And I'd recommend them to write it 587 00:27:09,960 --> 00:27:11,680 Speaker 1: down and probably print it out and put it on 588 00:27:11,720 --> 00:27:13,800 Speaker 1: your workspace or something like that, so you can see 589 00:27:13,800 --> 00:27:16,760 Speaker 1: it every single day, and then your mind can start 590 00:27:16,800 --> 00:27:20,800 Speaker 1: working towards that goal, which brings us to hab A sixteen, 591 00:27:21,200 --> 00:27:24,000 Speaker 1: the legacy lens. If we really want to achieve these things, 592 00:27:24,000 --> 00:27:26,320 Speaker 1: and we really want to have that legacy, then we 593 00:27:26,359 --> 00:27:30,160 Speaker 1: have to reflect daily on what our legacy is building towards. 594 00:27:30,440 --> 00:27:32,440 Speaker 1: So journaling, of course at the end day, is part 595 00:27:32,440 --> 00:27:34,360 Speaker 1: of that. It gets us to sit down and think 596 00:27:34,400 --> 00:27:37,080 Speaker 1: through the lessons that we've learned and how we're tracking, 597 00:27:37,320 --> 00:27:39,560 Speaker 1: how we're pacing to do those things. But of course 598 00:27:39,800 --> 00:27:42,439 Speaker 1: it only works if we know where we're trying to go. 599 00:27:43,040 --> 00:27:46,679 Speaker 1: You see, legacy focus creates what we call purposeful living, 600 00:27:47,160 --> 00:27:49,119 Speaker 1: and that's what most of us actually want, right we 601 00:27:49,160 --> 00:27:52,240 Speaker 1: want a purpose. Society has kind of trained most people 602 00:27:52,280 --> 00:27:55,000 Speaker 1: to think that they should work for forty years save 603 00:27:55,080 --> 00:27:57,840 Speaker 1: for a retirement, so one day you could just like, 604 00:27:58,000 --> 00:28:00,960 Speaker 1: live off your savings and do nothing. What people really want, 605 00:28:01,160 --> 00:28:04,160 Speaker 1: they want a life of purpose, of meaning and challenge. 606 00:28:04,600 --> 00:28:06,680 Speaker 1: And so we do that by journaling, and then by 607 00:28:06,800 --> 00:28:10,439 Speaker 1: reflecting on what we're doing, What are we doing, what 608 00:28:10,480 --> 00:28:13,800 Speaker 1: do we like, what do we hate? What gives us energy, 609 00:28:14,000 --> 00:28:16,199 Speaker 1: what takes our energy? What do we want to do 610 00:28:16,280 --> 00:28:18,600 Speaker 1: more of? What should we do less of? What do 611 00:28:18,680 --> 00:28:21,639 Speaker 1: we absolutely love? What do we absolutely hate? Write all 612 00:28:21,720 --> 00:28:23,959 Speaker 1: those things down, reflect on them, and then think about 613 00:28:24,240 --> 00:28:27,000 Speaker 1: how you can take action to move those things forward, 614 00:28:27,200 --> 00:28:31,960 Speaker 1: which brings us to habit number seventeen, blissfully dissatisfied. Now, 615 00:28:31,960 --> 00:28:34,359 Speaker 1: this came from ed Milette's mindset, and it's sort of 616 00:28:34,480 --> 00:28:37,760 Speaker 1: like ignorance is bliss, But it's more about being able 617 00:28:37,800 --> 00:28:40,840 Speaker 1: to balance being content on one side, but on the 618 00:28:40,880 --> 00:28:43,720 Speaker 1: other side continuing to want more. It's a tough thing 619 00:28:43,760 --> 00:28:47,480 Speaker 1: to balance being happy with where I'm at, being happy 620 00:28:47,520 --> 00:28:49,360 Speaker 1: with the progress that I've made, but at the same 621 00:28:49,400 --> 00:28:52,600 Speaker 1: time pushing to continue to get better. I mean, why 622 00:28:52,640 --> 00:28:55,840 Speaker 1: wouldn't we Once we figured out what our poor values are, 623 00:28:55,920 --> 00:28:58,080 Speaker 1: the goal should just be to continue to get better 624 00:28:58,400 --> 00:29:01,120 Speaker 1: and better at those. Not be a better husband or 625 00:29:01,160 --> 00:29:03,200 Speaker 1: a better wife, or a better father or son or daughter. 626 00:29:03,400 --> 00:29:05,760 Speaker 1: Why not be better in your position, at your role? 627 00:29:06,160 --> 00:29:09,080 Speaker 1: Why not be in better shape? Why not be better right? 628 00:29:09,720 --> 00:29:12,200 Speaker 1: And so be content on where you're at with the 629 00:29:12,240 --> 00:29:15,600 Speaker 1: progress you've made, but continuing to push more. So the 630 00:29:15,640 --> 00:29:19,120 Speaker 1: action step here is to regularly assess and push for growth, 631 00:29:19,240 --> 00:29:22,480 Speaker 1: because it's that growth, it's the hope of achieving the 632 00:29:22,560 --> 00:29:25,640 Speaker 1: growth that provides us the energy for the growth that 633 00:29:25,680 --> 00:29:28,280 Speaker 1: we need, and the hope comes from knowing or believing 634 00:29:28,280 --> 00:29:31,280 Speaker 1: that we can achieve that goal. So, what's my health goal, 635 00:29:31,720 --> 00:29:34,760 Speaker 1: what's my relationship goal, what's my business goal, what's my 636 00:29:35,040 --> 00:29:37,800 Speaker 1: own personal goal? How do I assess those? How do 637 00:29:37,880 --> 00:29:41,480 Speaker 1: I push for growth in those areas? That gives us hope? 638 00:29:41,760 --> 00:29:44,160 Speaker 1: And that's what keeps us going. Now, these habits might 639 00:29:44,200 --> 00:29:47,480 Speaker 1: seem small individually, but when you combine them together, their 640 00:29:47,560 --> 00:29:52,120 Speaker 1: combining effect creates extraordinary wealth. It provides clarity, provides massive impact. 641 00:29:52,240 --> 00:29:55,240 Speaker 1: And if you're serious about building lasting wealth and designing 642 00:29:55,240 --> 00:29:57,920 Speaker 1: your life intentionally, then you might want to watch this 643 00:29:58,120 --> 00:30:01,120 Speaker 1: video about how to live your life. I like a CEO, 644 00:30:01,360 --> 00:30:03,120 Speaker 1: even if you're not. If you really want to see 645 00:30:03,160 --> 00:30:04,920 Speaker 1: growth in your life, and I'll see you over there,