what’s up alienation I started to mentor me serious with the goal to try to learn
me serious with the goal to try to learn
me serious with the goal to try to learn from people who’ve done a lot more than
from people who’ve done a lot more than
from people who’ve done a lot more than us hang around them a little bit longer
us hang around them a little bit longer
us hang around them a little bit longer I’m by being in their environment
I’m by being in their environment
I’m by being in their environment hopefully some of their mindsets their
hopefully some of their mindsets their
hopefully some of their mindsets their beliefs our way of thinking seep into us
beliefs our way of thinking seep into us
beliefs our way of thinking seep into us to help us become the best version of
to help us become the best version of
to help us become the best version of ourselves so today we’re going to learn
ourselves so today we’re going to learn
ourselves so today we’re going to learn how to be unshakable with tony robbins
how to be unshakable with tony robbins
how to be unshakable with tony robbins mentor me Tony and as always guys as
mentor me Tony and as always guys as
mentor me Tony and as always guys as you’re watching the clip if you hear
you’re watching the clip if you hear
you’re watching the clip if you hear something that really really resonates
something that really really resonates
something that really really resonates with you please leave it down in the
with you please leave it down in the
with you please leave it down in the comments below and put quotes around it
comments below and put quotes around it
comments below and put quotes around it to other people can be inspired and also
to other people can be inspired and also
to other people can be inspired and also when you write it down you’re much more
when you write it down you’re much more
when you write it down you’re much more likely to lock it in for yourself to
likely to lock it in for yourself to
likely to lock it in for yourself to enjoy
Tony the idea of being unshakeable it’s
Tony the idea of being unshakeable it’s clearly more than money but in this
clearly more than money but in this
clearly more than money but in this context what is it truly mean to be
context what is it truly mean to be
context what is it truly mean to be unshakable it’s a state of mind it
unshakable it’s a state of mind it
unshakable it’s a state of mind it relates to money because most people
relates to money because most people
relates to money because most people when they’re trying to figure out how to
when they’re trying to figure out how to
when they’re trying to figure out how to create financial freedom create more
create financial freedom create more
create financial freedom create more stress for themselves worrying about
stress for themselves worrying about
stress for themselves worrying about what’s going on and when you’re truly
what’s going on and when you’re truly
what’s going on and when you’re truly unshakable you have the mindset where
unshakable you have the mindset where
unshakable you have the mindset where you understand how the market works you
you understand how the market works you
you understand how the market works you understand that real estate can go up or
understand that real estate can go up or
understand that real estate can go up or down stocks can go up or down but your
down stocks can go up or down but your
down stocks can go up or down but your family can still do well unshakable is a
family can still do well unshakable is a
family can still do well unshakable is a bear market can come a correction can
bear market can come a correction can
bear market can come a correction can come and there’s no fear in you or if
come and there’s no fear in you or if
come and there’s no fear in you or if there is a little fear we’re all human
there is a little fear we’re all human
there is a little fear we’re all human you don’t stay there you find a way to
you don’t stay there you find a way to
you don’t stay there you find a way to break through you find your Center and
break through you find your Center and
break through you find your Center and when you have that Center you do what’s
when you have that Center you do what’s
when you have that Center you do what’s right to be able to take care of
right to be able to take care of
right to be able to take care of yourself and your family and I was
yourself and your family and I was
yourself and your family and I was interviewing about a year and a half ago
interviewing about a year and a half ago
interviewing about a year and a half ago you know the former Fed chair Alan
you know the former Fed chair Alan
you know the former Fed chair Alan Greenspan who for 19 years the most
Greenspan who for 19 years the most
Greenspan who for 19 years the most powerful man in finance in the world
powerful man in finance in the world
powerful man in finance in the world under four different presidents spent
under four different presidents spent
under four different presidents spent five hours with him about three
five hours with him about three
five hours with him about three privately and two on stage in front of a
privately and two on stage in front of a
privately and two on stage in front of a group and one of my final questions to
group and one of my final questions to
group and one of my final questions to him and we talked about all this crazy
him and we talked about all this crazy
him and we talked about all this crazy change and all this volatility and how
change and all this volatility and how
change and all this volatility and how do people get things together I said
do people get things together I said
do people get things together I said look if you were back head of the Fed
look if you were back head of the Fed
look if you were back head of the Fed today what would you do and there was
today what would you do and there was
today what would you do and there was this long pause he pause we pause they
this long pause he pause we pause they
this long pause he pause we pause they lean to me and said Tony I designed that
lean to me and said Tony I designed that
lean to me and said Tony I designed that did not build much confidence for me or
did not build much confidence for me or
did not build much confidence for me or anybody else should be watching and yet
anybody else should be watching and yet
anybody else should be watching and yet in the midst of all that as you well
in the midst of all that as you well
in the midst of all that as you well know there’s a few unicorns in the
know there’s a few unicorns in the
know there’s a few unicorns in the financial market very few these people
financial market very few these people
financial market very few these people that have found a way to do well over
that have found a way to do well over
that have found a way to do well over all the decades and good times and in
all the decades and good times and in
all the decades and good times and in bad and they know what it takes to be
bad and they know what it takes to be
bad and they know what it takes to be unshakeable and it isn’t just guts or
unshakeable and it isn’t just guts or
unshakeable and it isn’t just guts or confidence it’s understanding certain
confidence it’s understanding certain
confidence it’s understanding certain facts that when you know them they for
facts that when you know them they for
facts that when you know them they for you the metaphor I give people is that
you the metaphor I give people is that
you the metaphor I give people is that you know if you go yeah most of us have
you know if you go yeah most of us have
you know if you go yeah most of us have heard the old Sufi metaphor of you know
heard the old Sufi metaphor of you know
heard the old Sufi metaphor of you know the man is walking along in the middle
the man is walking along in the middle
the man is walking along in the middle of a night and he sees a snake and
of a night and he sees a snake and
of a night and he sees a snake and freaks out runs away and he comes in in
freaks out runs away and he comes in in
freaks out runs away and he comes in in the morning and what does he see it was
the morning and what does he see it was
the morning and what does he see it was a rope and so once you know it’s a rope
a rope and so once you know it’s a rope
a rope and so once you know it’s a rope you’ll be there middle of the night
you’ll be there middle of the night
you’ll be there middle of the night you’re not scared again this book
you’re not scared again this book
you’re not scared again this book unshakable is this it’s really a
unshakable is this it’s really a
unshakable is this it’s really a financial freedom play book for anybody
financial freedom play book for anybody
financial freedom play book for anybody it’s the real essentials about how to go
it’s the real essentials about how to go
it’s the real essentials about how to go from where you are to where you really
from where you are to where you really
from where you are to where you really want to be but how to do it with peace
want to be but how to do it with peace
want to be but how to do it with peace of mind how to do it even when things
of mind how to do it even when things
of mind how to do it even when things are volatile
are volatile
are volatile enjoy yourself I want to write a book
enjoy yourself I want to write a book
enjoy yourself I want to write a book that would protect people because we all
that would protect people because we all
that would protect people because we all know a crash is coming and if you’re not
know a crash is coming and if you’re not
know a crash is coming and if you’re not in the market you’re still going to
in the market you’re still going to
in the market you’re still going to experience it if you’re not prepared for
experience it if you’re not prepared for
experience it if you’re not prepared for it because it affects the economy as a
it because it affects the economy as a
it because it affects the economy as a whole and every five years we have on
whole and every five years we have on
whole and every five years we have on average we have a bear market or a crash
average we have a bear market or a crash
average we have a bear market or a crash and it lasts a year and it drops 33% but
and it lasts a year and it drops 33% but
and it lasts a year and it drops 33% but every single one of those you don’t lose
every single one of those you don’t lose
every single one of those you don’t lose any money unless you sell it’s really
any money unless you sell it’s really
any money unless you sell it’s really important for Americans to understand
important for Americans to understand
important for Americans to understand this because America is unique and two
this because America is unique and two
this because America is unique and two and a half centuries every crash is
and a half centuries every crash is
and a half centuries every crash is followed immediately by an explosion up
followed immediately by an explosion up
followed immediately by an explosion up in a bull market so you all remember
in a bull market so you all remember
in a bull market so you all remember 2008 remember the market you know
2008 remember the market you know
2008 remember the market you know dropped almost 50% to keep the traffic
dropped almost 50% to keep the traffic
dropped almost 50% to keep the traffic you’re aware of it but from March 9th
you’re aware of it but from March 9th
you’re aware of it but from March 9th but a day or two from now the
but a day or two from now the
but a day or two from now the celebration of it he went up in the next
celebration of it he went up in the next
celebration of it he went up in the next 12 months 69 percent and it’s been going
12 months 69 percent and it’s been going
12 months 69 percent and it’s been going up ever since for two hundred and fifty
up ever since for two hundred and fifty
up ever since for two hundred and fifty percent so you get really wealthy when
percent so you get really wealthy when
percent so you get really wealthy when those numbers change so what I want to
those numbers change so what I want to
those numbers change so what I want to do is free people from the fear not buy
do is free people from the fear not buy
do is free people from the fear not buy enthusiasm or positive thinking buy
enthusiasm or positive thinking buy
enthusiasm or positive thinking buy facts the facts are there’s a correction
facts the facts are there’s a correction
facts the facts are there’s a correction every year you shouldn’t be surprised
every year you shouldn’t be surprised
every year you shouldn’t be surprised the market crash last year anyway is the
the market crash last year anyway is the
the market crash last year anyway is the worst opening and they history the stock
worst opening and they history the stock
worst opening and they history the stock market and we had a record-breaking year
market and we had a record-breaking year
market and we had a record-breaking year people lost 2.2 trillion if they sold
people lost 2.2 trillion if they sold
people lost 2.2 trillion if they sold but if they stayed they went nowhere so
but if they stayed they went nowhere so
but if they stayed they went nowhere so when you know that every single year
when you know that every single year
when you know that every single year there’s going to be a correction now
there’s going to be a correction now
there’s going to be a correction now correction by the way means it drops 10
correction by the way means it drops 10
correction by the way means it drops 10 up to 20% on the peak a bear market or
up to 20% on the peak a bear market or
up to 20% on the peak a bear market or crashes 20% or more but every year since
crashes 20% or more but every year since
crashes 20% or more but every year since 1904 116 years we’ve had a correction
1904 116 years we’ve had a correction
1904 116 years we’ve had a correction it’s like winter you’re not surprised
it’s like winter you’re not surprised
it’s like winter you’re not surprised when winter comes summer long summer
when winter comes summer long summer
when winter comes summer long summer short but you know what’s coming you’ll
short but you know what’s coming you’ll
short but you know what’s coming you’ll even had a chapter in the book called
even had a chapter in the book called
even had a chapter in the book called winter it is my HBO special but but the
winter it is my HBO special but but the
winter it is my HBO special but but the reason I say that is if you know it’s
reason I say that is if you know it’s
reason I say that is if you know it’s coming we want to prepare so you’re
coming we want to prepare so you’re
coming we want to prepare so you’re protected but also for everyone
protected but also for everyone
protected but also for everyone listening everyone who’s joining us
listening everyone who’s joining us
listening everyone who’s joining us online think about this if you’re a
online think about this if you’re a
online think about this if you’re a millennial for example you got all this
millennial for example you got all this
millennial for example you got all this debt from college it’s so imbalanced
debt from college it’s so imbalanced
debt from college it’s so imbalanced right now and you think you’re never
right now and you think you’re never
right now and you think you’re never going to get free or you’re a baby
going to get free or you’re a baby
going to get free or you’re a baby boomer and you never got started you
boomer and you never got started you
boomer and you never got started you think it’s too late believe it or not
think it’s too late believe it or not
think it’s too late believe it or not the crash the next crash is the greatest
the crash the next crash is the greatest
the crash the next crash is the greatest opportunity in your life to leapfrog
opportunity in your life to leapfrog
opportunity in your life to leapfrog from where you are where you don’t want
from where you are where you don’t want
from where you are where you don’t want to be financially to where you want to
to be financially to where you want to
to be financially to where you want to be because everything goes on sale
be because everything goes on sale
be because everything goes on sale listen the ladies in this room if your
listen the ladies in this room if your
listen the ladies in this room if your favorite outfits or shoes are on sale
favorite outfits or shoes are on sale
favorite outfits or shoes are on sale for 50% off you pretty damn excited
for 50% off you pretty damn excited
for 50% off you pretty damn excited right
right
right well guys if I said to you what’s your
well guys if I said to you what’s your
well guys if I said to you what’s your favorite card you said a Ferrari and I
favorite card you said a Ferrari and I
favorite card you said a Ferrari and I say again for 50% off guys if you add
say again for 50% off guys if you add
say again for 50% off guys if you add they’re mine but when the stock market
they’re mine but when the stock market
they’re mine but when the stock market drops 50% it’s on sale most people freak
drops 50% it’s on sale most people freak
drops 50% it’s on sale most people freak out not Warren Buffett not people like
out not Warren Buffett not people like
out not Warren Buffett not people like that I interviewed a guy named Howard
that I interviewed a guy named Howard
that I interviewed a guy named Howard Marks he was investing a billion dollars
Marks he was investing a billion dollars
Marks he was investing a billion dollars a week in 2008 and 9 when the market was
a week in 2008 and 9 when the market was
a week in 2008 and 9 when the market was through the floor now he’s worth a
through the floor now he’s worth a
through the floor now he’s worth a hundred billion dollars because he
hundred billion dollars because he
hundred billion dollars because he bought everything for pennies you got to
bought everything for pennies you got to
bought everything for pennies you got to get this way when things are going
get this way when things are going
get this way when things are going really great what do people want for the
really great what do people want for the
really great what do people want for the price of their home or the price of
price of their home or the price of
price of their home or the price of their stock or their business it’s real
their stock or their business it’s real
their stock or their business it’s real value or more when it’s going off like
value or more when it’s going off like
value or more when it’s going off like crazy everybody wants more than it’s
crazy everybody wants more than it’s
crazy everybody wants more than it’s worth when it starts crashing what will
worth when it starts crashing what will
worth when it starts crashing what will people take for their car for their
people take for their car for their
people take for their car for their business for their stocks all the day
business for their stocks all the day
business for their stocks all the day anything they can get and so those
anything they can get and so those
anything they can get and so those opportunities are the greatest one thing
opportunities are the greatest one thing
opportunities are the greatest one thing up in your life and he’s just going to
up in your life and he’s just going to
up in your life and he’s just going to know if you’re stressed by worrying
know if you’re stressed by worrying
know if you’re stressed by worrying about the market or the economy there’s
about the market or the economy there’s
about the market or the economy there’s a correction every year you’re going to
a correction every year you’re going to
a correction every year you’re going to be stressed forever here give 35 and you
be stressed forever here give 35 and you
be stressed forever here give 35 and you live to 85 you got 50 more Corrections
live to 85 you got 50 more Corrections
live to 85 you got 50 more Corrections to go through and you know a bear market
to go through and you know a bear market
to go through and you know a bear market comes every five years so you’re going
comes every five years so you’re going
comes every five years so you’re going to depend more bear markets in your life
to depend more bear markets in your life
to depend more bear markets in your life time to stop being stressed time to
time to stop being stressed time to
time to stop being stressed time to become unshakable which simply means you
become unshakable which simply means you
become unshakable which simply means you have a plan you know what’s going on
have a plan you know what’s going on
have a plan you know what’s going on you’re not fearful because you know how
you’re not fearful because you know how
you’re not fearful because you know how this works long term and you’re not
this works long term and you’re not
this works long term and you’re not going to be taken advantage of you’re
going to be taken advantage of you’re
going to be taken advantage of you’re going to take advantage of the
going to take advantage of the
going to take advantage of the environment a goal if you own a business
environment a goal if you own a business
environment a goal if you own a business and I resume a lot of your viewers are
and I resume a lot of your viewers are
and I resume a lot of your viewers are business owners or for getting started
business owners or for getting started
business owners or for getting started in business remember how good you are in
in business remember how good you are in
in business remember how good you are in business think about this the one
business think about this the one
business think about this the one universal rule the idiots in finance
universal rule the idiots in finance
universal rule the idiots in finance know is diversification the only free
know is diversification the only free
know is diversification the only free lunch you’ve got a diversified because
lunch you’ve got a diversified because
lunch you’ve got a diversified because if you put all your eggs in one basket
if you put all your eggs in one basket
if you put all your eggs in one basket no matter how good the basket is one day
no matter how good the basket is one day
no matter how good the basket is one day that real estate market that stock
that real estate market that stock
that real estate market that stock market that bond market that
market that bond market that
market that bond market that collectibles market whatever you invest
collectibles market whatever you invest
collectibles market whatever you invest in right now you showed me statistically
in right now you showed me statistically
in right now you showed me statistically it’ll drop 50 to 70 percent on a day now
it’ll drop 50 to 70 percent on a day now
it’ll drop 50 to 70 percent on a day now if you’re later in life if that happens
if you’re later in life if that happens
if you’re later in life if that happens it’s over for you but so you have to
it’s over for you but so you have to
it’s over for you but so you have to diversify yet most people they know real
diversify yet most people they know real
diversify yet most people they know real estate till they do it or they know
estate till they do it or they know
estate till they do it or they know stocks they do it or they grip the hand
stocks they do it or they grip the hand
stocks they do it or they grip the hand their parents flipping things it’s the
their parents flipping things it’s the
their parents flipping things it’s the wrong thing to do so you’ve got to
wrong thing to do so you’ve got to
wrong thing to do so you’ve got to diversify in order for you to be able to
diversify in order for you to be able to
diversify in order for you to be able to truly succeed and that’s why when you
truly succeed and that’s why when you
truly succeed and that’s why when you want to business yeah if you put all
want to business yeah if you put all
want to business yeah if you put all your money in your business which is
your money in your business which is
your money in your business which is what most of us do naturally you see a
what most of us do naturally you see a
what most of us do naturally you see a lot of register you put all your eggs in
lot of register you put all your eggs in
lot of register you put all your eggs in one basket and there’s things that can
one basket and there’s things that can
one basket and there’s things that can happen I mean you know you’re
happen I mean you know you’re
happen I mean you know you’re you spend 20 years and you figured out
you spend 20 years and you figured out
you spend 20 years and you figured out how to put together the ultimate map you
how to put together the ultimate map you
how to put together the ultimate map you know and remember Garmin came out with a
know and remember Garmin came out with a
know and remember Garmin came out with a thing called the TomTom and remember you
thing called the TomTom and remember you
thing called the TomTom and remember you see on your you almost remember that
see on your you almost remember that
see on your you almost remember that before anything yet or just put on your
before anything yet or just put on your
before anything yet or just put on your dash now yet across 100 bucks it was a
dash now yet across 100 bucks it was a
dash now yet across 100 bucks it was a breakthrough they were making like
breakthrough they were making like
breakthrough they were making like another nine or something oh yeah here
another nine or something oh yeah here
another nine or something oh yeah here yeah six months later what happened the
yeah six months later what happened the
yeah six months later what happened the iPhone came out we have Google Apps
iPhone came out we have Google Apps
iPhone came out we have Google Apps these little bastard my friendship came
these little bastard my friendship came
these little bastard my friendship came out with it put Google Maps with their
out with it put Google Maps with their
out with it put Google Maps with their own map on here and how much zero what
own map on here and how much zero what
own map on here and how much zero what they going to do to your business when
they going to do to your business when
they going to do to your business when someone takes your product deserving
someone takes your product deserving
someone takes your product deserving give away for free so I always tell
give away for free so I always tell
give away for free so I always tell people competition happens and
people competition happens and
people competition happens and technology happens what you must do is
technology happens what you must do is
technology happens what you must do is have a second business we know with no
have a second business we know with no
have a second business we know with no moving parts no people no time maybe it
moving parts no people no time maybe it
moving parts no people no time maybe it takes you two to three days a year for
takes you two to three days a year for
takes you two to three days a year for two or three hours after you’ve read the
two or three hours after you’ve read the
two or three hours after you’ve read the book you put it in place and you measure
book you put it in place and you measure
book you put it in place and you measure it two three times you know that’s it
it two three times you know that’s it
it two three times you know that’s it yeah go on with your life now there’s no
yeah go on with your life now there’s no
yeah go on with your life now there’s no trouble in your business you’re
trouble in your business you’re
trouble in your business you’re financially set I in my life
financially set I in my life
financially set I in my life at thirty-one companies now we have you
at thirty-one companies now we have you
at thirty-one companies now we have you know what do we have 1200 employees
know what do we have 1200 employees
know what do we have 1200 employees seven different industries we have five
seven different industries we have five
seven different industries we have five billion in sales I mean I used to be you
billion in sales I mean I used to be you
billion in sales I mean I used to be you know me and my seminar business it’s
know me and my seminar business it’s
know me and my seminar business it’s grown geometrically with all those
grown geometrically with all those
grown geometrically with all those moving parts the only way I’ve been able
moving parts the only way I’ve been able
moving parts the only way I’ve been able to succeed is because I’ve taken
to succeed is because I’ve taken
to succeed is because I’ve taken everyone those businesses diversified my
everyone those businesses diversified my
everyone those businesses diversified my assets so that when things were in
assets so that when things were in
assets so that when things were in trouble I spent enough economics take
trouble I spent enough economics take
trouble I spent enough economics take care myself and keep the business going
care myself and keep the business going
care myself and keep the business going so everybody needs to create a money
so everybody needs to create a money
so everybody needs to create a money machine that works while you sleep it
machine that works while you sleep it
machine that works while you sleep it doesn’t have moving parts and that’s
doesn’t have moving parts and that’s
doesn’t have moving parts and that’s what this is really about can you talk
what this is really about can you talk
what this is really about can you talk about what it means to discuss the
about what it means to discuss the
about what it means to discuss the market as a game and how that might be a
market as a game and how that might be a
market as a game and how that might be a dangerous concept sure what first of all
dangerous concept sure what first of all
dangerous concept sure what first of all the reason I called the other book money
the reason I called the other book money
the reason I called the other book money master the game is every wealthy person
master the game is every wealthy person
master the game is every wealthy person I interviewed call to the game every
I interviewed call to the game every
I interviewed call to the game every single one and other people were saying
single one and other people were saying
single one and other people were saying that’s irresponsible that’s horrible to
that’s irresponsible that’s horrible to
that’s irresponsible that’s horrible to call it a game this is a dumbest thing
call it a game this is a dumbest thing
call it a game this is a dumbest thing that’s an but see that mindset is what’s
that’s an but see that mindset is what’s
that’s an but see that mindset is what’s keeping you from investing in the first
keeping you from investing in the first
keeping you from investing in the first place so you could be in a game it could
place so you could be in a game it could
place so you could be in a game it could be a difficult game a challenging games
be a difficult game a challenging games
be a difficult game a challenging games are usually the ones that we like the
are usually the ones that we like the
are usually the ones that we like the most but this is a game that can reward
most but this is a game that can reward
most but this is a game that can reward your family disproportionately to any
your family disproportionately to any
your family disproportionately to any other game that’s out there now some
other game that’s out there now some
other game that’s out there now some people play games aggressively some play
people play games aggressively some play
people play games aggressively some play things more in a secure way your style
things more in a secure way your style
things more in a secure way your style is more secure and what I teach in this
is more secure and what I teach in this
is more secure and what I teach in this book is we want have a style that makes
book is we want have a style that makes
book is we want have a style that makes you feel good
you feel good
you feel good a bunch of money but you’re stressed all
a bunch of money but you’re stressed all
a bunch of money but you’re stressed all the time it’s not worth it there’s a way
the time it’s not worth it there’s a way
the time it’s not worth it there’s a way to make money your slave instead of you
to make money your slave instead of you
to make money your slave instead of you being the slave to money but let me
being the slave to money but let me
being the slave to money but let me explain it’s not putting all your money
explain it’s not putting all your money
explain it’s not putting all your money in the market it’s really two things its
in the market it’s really two things its
in the market it’s really two things its first you’ve got to decide the most
first you’ve got to decide the most
first you’ve got to decide the most important financial decision of your
important financial decision of your
important financial decision of your life and that is to become an owner and
life and that is to become an owner and
life and that is to become an owner and not just a consumer if you have a I see
not just a consumer if you have a I see
not just a consumer if you have a I see a bunch of iPhones recording the
a bunch of iPhones recording the
a bunch of iPhones recording the treasure water your foot you know here’s
treasure water your foot you know here’s
treasure water your foot you know here’s your glass of water now if you’re a I’m
your glass of water now if you’re a I’m
your glass of water now if you’re a I’m an active human seasoned with me but if
an active human seasoned with me but if
an active human seasoned with me but if you’ve got an iPhone you don’t own Apple
you’ve got an iPhone you don’t own Apple
you’ve got an iPhone you don’t own Apple or better yet you don’t own the index of
or better yet you don’t own the index of
or better yet you don’t own the index of the S&P 500 the best 500 companies
the S&P 500 the best 500 companies
the S&P 500 the best 500 companies you’re making a giant mistake because
you’re making a giant mistake because
you’re making a giant mistake because you’ll never earn your way to financial
you’ll never earn your way to financial
you’ll never earn your way to financial fortune even people that make just loads
fortune even people that make just loads
fortune even people that make just loads of money the actors the actresses the
of money the actors the actresses the
of money the actors the actresses the athletes where are they 10 and 15 years
athletes where are they 10 and 15 years
athletes where are they 10 and 15 years later I mean 50 cent made a hundred
later I mean 50 cent made a hundred
later I mean 50 cent made a hundred million dollars on vitamin water he got
million dollars on vitamin water he got
million dollars on vitamin water he got a tip and he got like a two or three
a tip and he got like a two or three
a tip and he got like a two or three hundred million dollar net worth and
hundred million dollar net worth and
hundred million dollar net worth and he’s bankrupt
he’s bankrupt
he’s bankrupt he bought Mike Tyson’s house 25 thousand
he bought Mike Tyson’s house 25 thousand
he bought Mike Tyson’s house 25 thousand square feet and Mike Tyson made a half a
square feet and Mike Tyson made a half a
square feet and Mike Tyson made a half a billion dollars in went bankrupt right
billion dollars in went bankrupt right
billion dollars in went bankrupt right now I know if you saw Johnny Depp I
now I know if you saw Johnny Depp I
now I know if you saw Johnny Depp I don’t know it’s going to happen up at
don’t know it’s going to happen up at
don’t know it’s going to happen up at the papers are saying he may go bankrupt
the papers are saying he may go bankrupt
the papers are saying he may go bankrupt he made three quarters of a billion
he made three quarters of a billion
he made three quarters of a billion dollars as a movie star but he spent
dollars as a movie star but he spent
dollars as a movie star but he spent thirty thousand dollars a month
thirty thousand dollars a month
thirty thousand dollars a month unwind he must be feeling good and
unwind he must be feeling good and
unwind he must be feeling good and secondly he took Hunter Thompson the
secondly he took Hunter Thompson the
secondly he took Hunter Thompson the reporter he burned his body and paid
reporter he burned his body and paid
reporter he burned his body and paid three million dollars to blow his ashes
three million dollars to blow his ashes
three million dollars to blow his ashes into the sky in a cannon so know how
into the sky in a cannon so know how
into the sky in a cannon so know how much money you make you can screw it up
much money you make you can screw it up
much money you make you can screw it up right but if you will just decide
right but if you will just decide
right but if you will just decide there’s a percentage of my income that
there’s a percentage of my income that
there’s a percentage of my income that no matter what I’m going to have it
no matter what I’m going to have it
no matter what I’m going to have it automated I’m not going to see it if
automated I’m not going to see it if
automated I’m not going to see it if things go straight to an investment
things go straight to an investment
things go straight to an investment account and I don’t know if it’s 10 or
account and I don’t know if it’s 10 or
account and I don’t know if it’s 10 or 15 or 20 those numbers sound gigantic to
15 or 20 those numbers sound gigantic to
15 or 20 those numbers sound gigantic to most people even if you start with five
most people even if you start with five
most people even if you start with five and built that income does not go to
and built that income does not go to
and built that income does not go to anybody else and then you put that into
anybody else and then you put that into
anybody else and then you put that into compounding so listen to this there’s a
compounding so listen to this there’s a
compounding so listen to this there’s a young man true story a theater Johnson
young man true story a theater Johnson
young man true story a theater Johnson 1950s worked for ups never made more
1950s worked for ups never made more
1950s worked for ups never made more than $14,000 in annual income in his
than $14,000 in annual income in his
than $14,000 in annual income in his entire life retired with 70 million
entire life retired with 70 million
entire life retired with 70 million dollars and he didn’t you know he didn’t
dollars and he didn’t you know he didn’t
dollars and he didn’t you know he didn’t inherit a dime he gave away thirty five
inherit a dime he gave away thirty five
inherit a dime he gave away thirty five million while he’s alive now how is that
million while he’s alive now how is that
million while he’s alive now how is that possible because of compound interest
possible because of compound interest
possible because of compound interest whenever all these investors would say
whenever all these investors would say
whenever all these investors would say what’s the biggest mistake Americans
what’s the biggest mistake Americans
what’s the biggest mistake Americans Bank he said
Bank he said
Bank he said but they all said they don’t cap in a
but they all said they don’t cap in a
but they all said they don’t cap in a compound ginger so you know
compound ginger so you know
compound ginger so you know intellectually a little bit what it
intellectually a little bit what it
intellectually a little bit what it means but they don’t do it they don’t do
means but they don’t do it they don’t do
means but they don’t do it they don’t do it consistently so what do you think
it consistently so what do you think
it consistently so what do you think they just means that the profits you
they just means that the profits you
they just means that the profits you made go back into the reinvesting and it
made go back into the reinvesting and it
made go back into the reinvesting and it keeps growing but it grows geometrically
keeps growing but it grows geometrically
keeps growing but it grows geometrically right and so a friend of his came to
right and so a friend of his came to
right and so a friend of his came to this man who worked for ups and said I’m
this man who worked for ups and said I’m
this man who worked for ups and said I’m gonna make you rich we’re gonna put a
gonna make you rich we’re gonna put a
gonna make you rich we’re gonna put a 20% tax on you he said I can’t give up
20% tax on you he said I can’t give up
20% tax on you he said I can’t give up 20% I kept him at those if I do that he
20% I kept him at those if I do that he
20% I kept him at those if I do that he said listen to the government raise your
said listen to the government raise your
said listen to the government raise your taxes 20% and you claimed you screamed
taxes 20% and you claimed you screamed
taxes 20% and you claimed you screamed you cry you complain and you pay it and
you cry you complain and you pay it and
you cry you complain and you pay it and you get adjusted to it but he said this
you get adjusted to it but he said this
you get adjusted to it but he said this like I’m the government this is going
like I’m the government this is going
like I’m the government this is going into an account for your future and that
into an account for your future and that
into an account for your future and that compounding is what made him that much
compounding is what made him that much
compounding is what made him that much money in the book I give you an example
money in the book I give you an example
money in the book I give you an example of a an 18 year old boy whose father
of a an 18 year old boy whose father
of a an 18 year old boy whose father convinces him that he should save 300
convinces him that he should save 300
convinces him that he should save 300 ollars a month out of his income she’s
ollars a month out of his income she’s
ollars a month out of his income she’s not a huge income that sounds like a lot
not a huge income that sounds like a lot
not a huge income that sounds like a lot but when you automate it you forget
but when you automate it you forget
but when you automate it you forget about it’s perfect you just well he does
about it’s perfect you just well he does
about it’s perfect you just well he does this from 18 years old to 27 for 8 years
this from 18 years old to 27 for 8 years
this from 18 years old to 27 for 8 years so the total amount of money $300 a
so the total amount of money $300 a
so the total amount of money $300 a months about 4,000 a year that’s $28,000
months about 4,000 a year that’s $28,000
months about 4,000 a year that’s $28,000 total he didn’t put ELISA to the market
total he didn’t put ELISA to the market
total he didn’t put ELISA to the market and never adds a dime to it from 28
and never adds a dime to it from 28
and never adds a dime to it from 28 years old on at 65 because the market
years old on at 65 because the market
years old on at 65 because the market over those 30 years grew 10% his money
over those 30 years grew 10% his money
over those 30 years grew 10% his money has compounded so much he has 1.8
has compounded so much he has 1.8
has compounded so much he has 1.8 million dollars you don’t need a lot of
million dollars you don’t need a lot of
million dollars you don’t need a lot of money to be wealthy you need time so
money to be wealthy you need time so
money to be wealthy you need time so you’re saying that even if I have
you’re saying that even if I have
you’re saying that even if I have student debt that I’m struggling to pay
student debt that I’m struggling to pay
student debt that I’m struggling to pay off even if I’m making say $1,000 a week
off even if I’m making say $1,000 a week
off even if I’m making say $1,000 a week that I should still try to put a
that I should still try to put a
that I should still try to put a percentage or make it a point to put a
percentage or make it a point to put a
percentage or make it a point to put a percentage not just into a savings
percentage not just into a savings
percentage not just into a savings account but into an investment into an
account but into an investment into an
account but into an investment into an investment account where to put that
investment account where to put that
investment account where to put that money then we teach you the ways to do
money then we teach you the ways to do
money then we teach you the ways to do that it’s got to be diversified yeah
that it’s got to be diversified yeah
that it’s got to be diversified yeah never put all your money in the mark
never put all your money in the mark
never put all your money in the mark okay one of the five takeaways that
okay one of the five takeaways that
okay one of the five takeaways that somebody can take from this book where
somebody can take from this book where
somebody can take from this book where they can really put them actually into
they can really put them actually into
they can really put them actually into action well I’ll tell you the four
action well I’ll tell you the four
action well I’ll tell you the four things that I enjoyed these 50
things that I enjoyed these 50
things that I enjoyed these 50 unbelievable investors had in common
unbelievable investors had in common
unbelievable investors had in common they’re all different
they’re all different
they’re all different you know I interviewed people that are
you know I interviewed people that are
you know I interviewed people that are macro traders and if you’d people like
macro traders and if you’d people like
macro traders and if you’d people like Warren Buffett write value people
Warren Buffett write value people
Warren Buffett write value people interview people that have blood in the
interview people that have blood in the
interview people that have blood in the streets type of people you buy when the
streets type of people you buy when the
streets type of people you buy when the world is going to hell and they’re all
world is going to hell and they’re all
world is going to hell and they’re all different but they have four things in
different but they have four things in
different but they have four things in common real fast number one every single
common real fast number one every single
common real fast number one every single one of them was obsessed with not losing
one of them was obsessed with not losing
one of them was obsessed with not losing money
money
money guys like you and I tend to say how do
guys like you and I tend to say how do
guys like you and I tend to say how do we make money for our companies for
we make money for our companies for
we make money for our companies for ourselves as an investor
ourselves as an investor
ourselves as an investor their entire focus is not losing money
their entire focus is not losing money
their entire focus is not losing money because they know if you lose 50% it
because they know if you lose 50% it
because they know if you lose 50% it takes a hundred percent get even tell us
takes a hundred percent get even tell us
takes a hundred percent get even tell us about becoming comfortable at rest well
about becoming comfortable at rest well
about becoming comfortable at rest well it’s more than that these guys are
it’s more than that these guys are
it’s more than that these guys are obsessed with not being comfortable risk
obsessed with not being comfortable risk
obsessed with not being comfortable risk they don’t want to take relax its second
they don’t want to take relax its second
they don’t want to take relax its second key that they do is they all are focused
key that they do is they all are focused
key that they do is they all are focused on asymmetrical risk reward
on asymmetrical risk reward
on asymmetrical risk reward most people think the most successful
most people think the most successful
most people think the most successful investors take huge risks to get huge
investors take huge risks to get huge
investors take huge risks to get huge rewards and in reality they take the
rewards and in reality they take the
rewards and in reality they take the least risk humanly possible to get the
least risk humanly possible to get the
least risk humanly possible to get the largest upside so their whole focus is
largest upside so their whole focus is
largest upside so their whole focus is how do I get a three to one or a five to
how do I get a three to one or a five to
how do I get a three to one or a five to one if I risk $1 try to make five and
one if I risk $1 try to make five and
one if I risk $1 try to make five and I’m wrong i grifted I can be wrong four
I’m wrong i grifted I can be wrong four
I’m wrong i grifted I can be wrong four times and break even so they have a
times and break even so they have a
times and break even so they have a completely different approach they’re
completely different approach they’re
completely different approach they’re all very focused thirdly on tax
all very focused thirdly on tax
all very focused thirdly on tax efficiency because you only have the one
efficiency because you only have the one
efficiency because you only have the one you get to keep and fourthly it’s all
you get to keep and fourthly it’s all
you get to keep and fourthly it’s all diversification and those four things
diversification and those four things
diversification and those four things fundamentally are the frame from which
fundamentally are the frame from which
fundamentally are the frame from which you start to design a portfolio how did
you start to design a portfolio how did
you start to design a portfolio how did you go from basically not having a hot
you go from basically not having a hot
you go from basically not having a hot meal to you know basically being a guru
meal to you know basically being a guru
meal to you know basically being a guru an international guru doling out
an international guru doling out
an international guru doling out financial advice what’s interesting I
financial advice what’s interesting I
financial advice what’s interesting I was just worth magazine just named me of
was just worth magazine just named me of
was just worth magazine just named me of their power 100 100 most influential
their power 100 100 most influential
their power 100 100 most influential people in global finance along with Carl
people in global finance along with Carl
people in global finance along with Carl all the guys I interviewed but part of
all the guys I interviewed but part of
all the guys I interviewed but part of it is I believe in modeling I believe
it is I believe in modeling I believe
it is I believe in modeling I believe success leaves clues if someone has done
success leaves clues if someone has done
success leaves clues if someone has done very well financially for decade after
very well financially for decade after
very well financially for decade after decade they’re not lucky they’re doing
decade they’re not lucky they’re doing
decade they’re not lucky they’re doing something different if someone is fit
something different if someone is fit
something different if someone is fit and healthy and they manage it for 20
and healthy and they manage it for 20
and healthy and they manage it for 20 years they’re like I got a great
years they’re like I got a great
years they’re like I got a great relationship they’re not lucky so I’m
relationship they’re not lucky so I’m
relationship they’re not lucky so I’m really good at deciphering what those
really good at deciphering what those
really good at deciphering what those things are so I would go sit down with
things are so I would go sit down with
things are so I would go sit down with someone like Jack Vogel you know a
someone like Jack Vogel you know a
someone like Jack Vogel you know a little built you know three you know
little built you know three you know
little built you know three you know trillion dollar industry right you know
trillion dollar industry right you know
trillion dollar industry right you know what he’s doing there Vanguard and I
what he’s doing there Vanguard and I
what he’s doing there Vanguard and I still have a 45-minute interview and we
still have a 45-minute interview and we
still have a 45-minute interview and we go for hours and he says he’s in the
go for hours and he says he’s in the
go for hours and he says he’s in the business sixty-five years and in the
business sixty-five years and in the
business sixty-five years and in the book he says it was the most penetrating
book he says it was the most penetrating
book he says it was the most penetrating emotional he has ever done his life
emotional he has ever done his life
emotional he has ever done his life because I kind of extract it out of
because I kind of extract it out of
because I kind of extract it out of their brain and they make it simple so
their brain and they make it simple so
their brain and they make it simple so you can apply so thank you guys so much
you can apply so thank you guys so much
you can apply so thank you guys so much for watching I’d love to know what did
for watching I’d love to know what did
for watching I’d love to know what did you learn from this video what Clips
you learn from this video what Clips
you learn from this video what Clips spoke to you the most and what you’re
spoke to you the most and what you’re
spoke to you the most and what you’re going to take from these clips and
going to take from these clips and
going to take from these clips and immediately apply to your life or to
immediately apply to your life or to
immediately apply to your life or to your business somehow leave it down in
your business somehow leave it down in
your business somehow leave it down in the comments below I’m super curious to
the comments below I’m super curious to
the comments below I’m super curious to find that finally I want to give a quick
find that finally I want to give a quick
find that finally I want to give a quick shredder to Trident Lion thank you so
shredder to Trident Lion thank you so
shredder to Trident Lion thank you so much for picking up copy of my books
much for picking up copy of my books
much for picking up copy of my books gear one word and for making that often
gear one word and for making that often
gear one word and for making that often youtube video on it as well
youtube video on it as well
youtube video on it as well I really appreciate the support and I’m
I really appreciate the support and I’m
I really appreciate the support and I’m glad that you enjoyed the book today
glad that you enjoyed the book today
glad that you enjoyed the book today this video is all about your one word
this video is all about your one word
this video is all about your one word [Music]
[Music]
[Music] so thank you guys so much for watching I
so thank you guys so much for watching I
so thank you guys so much for watching I believe in you I hope you continue to
believe in you I hope you continue to
believe in you I hope you continue to believe in yourself and whatever your
believe in yourself and whatever your
believe in yourself and whatever your one word is much love
”
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