Understanding Wealth and Fulfillment

[00:00]: And what is wealth? Well, the people

[00:02]: have a lot of money and are very poor.

[00:03]: How many you know somebody has a lot of

[00:04]: money who's poor? Poor psychologically,

[00:07]: emotionally, they don't have great

[00:08]: relationships. They're not close to

[00:09]: their kids. Really, poor is the opposite

[00:13]: of wealth. Wealth, if you want to give

[00:14]: it a definition, is you can extract the

[00:16]: maximum joy out of any experience.

[00:19]: That's wealth.

[00:21]: If you have a ton of money and you don't

[00:22]: experience joy out of, if you can't

[00:24]: extract the joy, you're not wealthy. You

[00:25]: got money.

[00:28]: And most of us know money does not

[00:30]: change your life. People say if you're

[00:32]: not happy with money, you don't know

[00:33]: where to shop. I don't think that's

[00:34]: totally true. That's useful.

[00:37]: But the truth of the matter is I want to

[00:38]: make sure that you start being wealthy

[00:40]: here whether the numbers hit that or

[00:42]: not. And I'm one of you. I I'm one of

[00:44]: you. Meaning some of you starting the

[00:46]: journey may see where I am now and go,

[00:47]: "Oh my god, I remember I was fortunate

[00:49]: enough to get myself in proximity of

[00:52]: some huge players." And I got there

[00:54]: because of my skill set. I was able to

[00:56]: help them with something else in their

[00:57]: life. I changed their relationship or

[00:59]: changed their happiness or their joy or

[01:01]: changed their body or helped them shift

[01:03]: something in their business. And so

[01:05]: early in my life, I got in proximity

[01:07]: with some multi-billionaires. But not

[01:09]: only just multi-billionaires, cuz a lot

[01:11]: of multi-billionaires, as I found when I

[01:12]: did Money Master the Game, don't have

[01:14]: much of a lifestyle. Some of them are

[01:16]: tight as can possibly be. They're not

[01:19]: wealthy. They have lots of money. I know

[01:23]: one in particular who's actually became

[01:24]: a friend of mine in the beginning. be

[01:26]: like he'd be screaming at his wife and

[01:28]: his kid cuz they spent $2,500 a piece of

[01:30]: jewelry and the guy is a

[01:31]: multi-billionaire.

[01:32]: It's like he would we flew to India. I

[01:35]: flew to India and in those days I didn't

[01:37]: have my own plane but I chartered cuz

[01:39]: the quality of my life was affected by

[01:40]: it so much and he has a Gulfream and he

[01:43]: chose to go commercial

[01:45]: and I was like what is wrong with you?

[01:47]: And by the way, this person was like 70

[01:49]: years old. So it's not like there's a

[01:51]: lot of time to save up for something,

[01:52]: right? He could spend more money than

[01:55]: you could ever imagine every day and

[01:56]: never go through all his money. But some

[01:58]: people never get beyond scarcity no

[02:00]: matter how much money they have. So I

[02:02]: think it's important that on this first

[02:04]: day, we address the psychological part

[02:06]: just like we do in business, right?

[02:07]: Start out in business. I love to start

[02:09]: out with some of the core strategies

[02:10]: like optimization because you know how

[02:12]: much I love that cuz you can change any

[02:13]: business. How many of you have been to

[02:14]: business mastery, optimized your

[02:16]: business, and grown it significantly?

[02:17]: Make some noise if you're out there,

[02:18]: ladies.

[02:20]: But none of that works if you don't

[02:21]: change your psychology first, right? Cuz

[02:24]: that is always the barrier. And every

[02:26]: one of us in this room has a financial

[02:28]: set point, a wealth set point. And that

[02:32]: set point is kind of like body weight.

[02:34]: You know, people have their goal and

[02:35]: then they have where they live. And they

[02:37]: might go for their goal for a while, but

[02:38]: they usually adjust to that set point.

[02:41]: And the goal this week might be for you

[02:44]: to expand your set point. Not so you

[02:45]: have more money first. Expanding your

[02:48]: set point on enjoyment because if you

[02:50]: think more money is going to do it, it's

[02:51]: not. How many made a lot more money

[02:53]: today than 10 years ago? And you have a

[02:56]: lot more stress in your life as well.

[02:57]: I'm curious. Let me see. Right. People

[02:59]: think I have more money less stress.

[03:01]: Even stupid things that only we can talk

[03:02]: about here cuz outside this context,

[03:04]: people go, "Oh, first world problems."

[03:06]: And they're right. But if you have

[03:08]: multiple homes, it's another job, right?

[03:12]: You got multiple people and there's

[03:13]: different staffs in different locations

[03:15]: and somebody's got a problem and

[03:16]: somebody's getting sick and somebody's

[03:18]: fighting with somebody else in the

[03:19]: organization. Who knows what I'm talking

[03:21]: about? It's another freaking business

[03:22]: you got to run. Right now, I'm not

[03:24]: complaining in any way, shape, or form.

[03:26]: But it doesn't go away because you have

[03:28]: money. It goes away, meaning scarcity,

[03:31]: because you've made a shift in your

[03:32]: psychology. It goes away when you start

[03:35]: finding wealth in every moment. When you

[03:37]: can find the joy even in the stuff that

[03:38]: used to piss you off or freak you out,

[03:41]: that's when you become really wealthy.

[03:42]: When you're 30 or 35 or 40, you think

[03:46]: you know where you are or you think

[03:47]: you're hit a certain age, but you have

[03:48]: no idea that if most of you in this room

[03:50]: are under How many are under the age of

[03:52]: 40, I should say. How many under the

[03:53]: age? Yes. You have no clue. How many are

[03:56]: 40 or above? Let's see the room. We kind

[03:57]: of split the room here, right? A little

[03:58]: more. 40 and on are the highest earning

[04:01]: years of your life that will dwarf

[04:02]: everything else if you apply the types

[04:04]: of things we learn to grow your

[04:06]: business. And if you invest, it's

[04:08]: ridiculous the growth you can have. But

[04:10]: you have to be around the right people.

[04:12]: You have to raise your set point if you

[04:13]: want to. By the way, the goal is not to

[04:16]: have the most money. The goal is to have

[04:17]: the most joy with the least amount of

[04:19]: money needed. But whatever is going to

[04:20]: give you the most joy is it. You're not

[04:22]: competing with other people. You're

[04:23]: finding what it is that's going to make

[04:25]: you feel fulfilled. But the bottom line

[04:27]: is during that time, I remember going to

[04:30]: Peter and he invited me at this one

[04:31]: point to go on his yacht. You're going

[04:33]: in the northeast there through all the

[04:35]: islands and these are all people in the

[04:37]: movie business. And I'll never forget at

[04:39]: one point some guys were talking about

[04:41]: Peter and they were saying like he made

[04:43]: $25 million on that picture.

[04:47]: One year. It was really a 5-year

[04:48]: project, but all I heard was one year.

[04:51]: $25 million. And at that point, it was

[04:53]: like the most people made in a film as

[04:55]: an executive director, producer, I

[04:56]: should say. And I remember thinking, I

[04:59]: work 20our days, never less than 18. I

[05:02]: work six, seven days a week. I love what

[05:04]: I do. I'll never make $25 million in a

[05:07]: year. Now I make $20 million while I

[05:09]: sleep every year. Not counting anything

[05:12]: I do actively to give you an idea. I'm

[05:14]: just telling you it seemed impossible.

[05:16]: And I remember feeling like depressed. I

[05:18]: will never be out like this. I'm not one

[05:20]: of them. I'll never be at that level.

[05:21]: And I went into this little thing

[05:22]: because when you compare yourself to

[05:24]: others, you will steal your joy. got it

[05:27]: down because you're never fair in your

[05:29]: comparison. One is I had negated a

[05:33]: notice that Peter was 18 years my

[05:34]: senior. He also picked an industry that

[05:37]: was much more profitable than the one I

[05:39]: was in. I was in a business that had

[05:41]: margins of 8 to 10% like a restaurant.

[05:44]: You make one mistake or you make no

[05:46]: mistakes. The economy changes and you're

[05:47]: upside down. I didn't understand the

[05:49]: importance of margin. I didn't

[05:50]: understand how to maximize a business. I

[05:52]: didn't think my business could ever be

[05:53]: something of size or scope.

[05:56]: But I learned how to make that happen in

[05:58]: my core business before I ran off to 10

[06:00]: other businesses, which many of my

[06:02]: friends did. And my people around me,

[06:03]: it's like, "No, you would not maximize

[06:04]: this business." I said, "Trust me, I'm

[06:06]: doing more than anybody in the face of

[06:07]: the earth in this area." Still, you've

[06:08]: not maximized it. Bottom line is don't

[06:12]: judge yourself by where you are today.

[06:13]: It's an unfair judgment. There's also

[06:15]: other elements like are you happy in

[06:17]: your relationship? Is your body healthy?

[06:20]: You got all the money. You know, most of

[06:21]: you read. How many read Life Force? I'm

[06:23]: curious. If you haven't, I hope you will

[06:24]: and I hope you'll apply it. We'll talk

[06:26]: some of those principles this week on

[06:27]: one morning as well because you know

[06:29]: there I started the book with a quote.

[06:31]: The quote was really simple. A person

[06:32]: who's healthy has a million dreams. A

[06:35]: person who's not has one. Everything

[06:38]: else will go away. So we don't always

[06:40]: compare fairly. I want you to know where

[06:42]: you are is not what matters. I also want

[06:45]: you to know where you want to go is what

[06:47]: matters and that the tools to get there

[06:48]: are here. And in the beginning, some of

[06:51]: you may feel a little overwhelmed

[06:52]: because there may be language or terms

[06:54]: that are used that you're not familiar

[06:55]: with. Even if you're sophisticated

[06:57]: investors, some of these people may use

[06:58]: terms. Some of them are traders and so

[07:00]: forth you not be familiar with. Don't

[07:01]: let it bother you in any way. They're

[07:03]: not smarter than you are. It's like the

[07:05]: medical profession. It's like lawyers.

[07:07]: They have certain words that give them

[07:09]: power. Now, they use words. Now,

[07:12]: everybody uses words. So, these people

[07:13]: have words. When I first learned to fly

[07:15]: a helicopter, I remember it's like

[07:17]: you're trying to listen. the sound so

[07:18]: loud and the the voice of the guy in the

[07:21]: tower is breaking up. I have no idea

[07:23]: what he said. Even if I understood it, I

[07:25]: wouldn't know what he said. But after a

[07:26]: while, you'll learn. Especially after

[07:28]: about 5 days of immersion here, you'll

[07:31]: things will start to make sense. Just

[07:32]: like if I threw you in Italy and didn't

[07:35]: give you any language learning and said,

[07:36]: "I'll pick you up in 90 days." With no

[07:40]: teacher, you'll figure it out because

[07:41]: you're in immersion. And the same thing

[07:43]: happens after a while. You learn there's

[07:44]: only so many patterns, right? There's

[07:46]: only so many things the tower can say.

[07:48]: So even though a little part of it, you

[07:50]: know what it means. You know the rhythm.

[07:52]: And that's what will happen with you

[07:53]: financially over the next decade if you

[07:55]: handle yourself well. And my decade went

[07:57]: from I remember trying to figure out my

[07:59]: financial plan of how do I get $2

[08:01]: million in income while I'm sleeping,

[08:04]: which would have covered my lifestyle

[08:06]: cuz I didn't own a $50 million house and

[08:08]: all that kind of or a BBJ. I was

[08:11]: chartering planes. And so then it's like

[08:13]: it grew from that to 20 million a year

[08:15]: while I'm sleeping and my best years I

[08:18]: made over $100 million to give you an

[08:19]: idea. I've got several years $100

[08:21]: million and I got the next three years

[08:22]: I'll make over $100 million. So there

[08:24]: wasn't a lot of role models like oh

[08:25]: you're in the movie business there's a

[08:27]: dozen or so huge assets people have

[08:29]: built like that area but I so I had to

[08:31]: see I had to find I had to find my way.

[08:34]: But what did it was getting

[08:35]: uncomfortable

[08:36]: but still enjoying my life. You find the

[08:39]: balance I'm talking about here this

[08:41]: week. You're going to get uncomfortable.

[08:43]: We're in really interesting times. Some

[08:46]: of the most challenging times, very

[08:47]: different than anything most of you have

[08:48]: experienced in your lifetime. But

[08:50]: everybody will experience in their

[08:51]: lifetime they live to be at least 80.

[08:53]: There's four seasons. Some people

[08:55]: experience winter when they're a kid.

[08:57]: Some people when they're in the middle

[08:59]: ages, you know, 20s to 40, some 40 to

[09:02]: 60, some 60 to 80. But if you live, no

[09:04]: one escapes winter. But winter is well,

[09:07]: if I asked you, wouldn't be the easiest

[09:10]: and fastest time, maybe not easiest,

[09:12]: what's the fastest time to make money?

[09:15]: When can you make the most money in the

[09:16]: shortest period of time? What season?

[09:18]: It's winter.

[09:21]: Why?

[09:24]: Cuz everybody's scared. And when they're

[09:26]: scared, they change what they value

[09:28]: things for. And the way you make money

[09:31]: is not by buying things for what they're

[09:32]: worth. You're going to buy something for

[09:35]: less than it's really worth because of

[09:37]: the psychological change. Or something

[09:39]: maybe that's worth that now today, but

[09:40]: with inflation it's going to grow.

[09:43]: That's the way that's the way you make

[09:44]: money. Or building a business and

[09:46]: growing it and selling it for a

[09:47]: multiple. Those are the only ways you

[09:48]: get wealthy financially. So if you think

[09:51]: about it, this is the best season in the

[09:53]: world if you can keep this and this

[09:54]: straight. If you can find your courage

[09:57]: and your faith and determination and if

[09:59]: you can put together a great plan, which

[10:00]: if you play with me full out,

[10:08]: you've got great, you know,

[10:09]: sophistication, but you don't have great

[10:11]: execution.

[10:12]: And the only thing we're paid for is

[10:14]: execution.

[10:15]: This week, I want you to play like it's

[10:17]: brand new. Even if you've been here, and

[10:19]: there's going to be plenty is brand new,

[10:21]: cuz the world's brand new. But we live

[10:23]: in a culture today where if you're not

[10:25]: careful, you'll be infected by it. Where

[10:27]: you think I remember I had uh Prime

[10:29]: Minister Tony Blair was here one year

[10:31]: for us for this program. Some of you

[10:33]: were at the program and we interviewed

[10:34]: him and we were talking up about Brexit

[10:36]: and you know he said, "You know what's

[10:38]: really funny is people come to me all

[10:39]: the time and I'll tell them my point of

[10:40]: view about Brexit and they go, "You're

[10:42]: totally wrong." They go on and on and on

[10:44]: and he'd say, "Well, I was prime

[10:45]: minister for 8 years. I do have some

[10:47]: understanding." But today people think

[10:49]: if they've read about flying they can

[10:50]: fly any plane. Like if they've

[10:52]: experienced something once and they

[10:54]: understand it they think they know it.

[10:56]: That's not how it works. The greatest

[10:58]: gift I've got from Jim Ran was

[11:00]: repetition. To understand repetition is

[11:03]: the mother of mastery. That's repetition

[11:05]: is the mother of skill. All skill comes

[11:08]: repetition. And so you hear it once you

[11:10]: start to understand it. What we're going

[11:12]: to share this week is not complex. My

[11:14]: job is to make it as simple as I can so

[11:15]: it's less complex for you. But you need

[11:18]: to hear it and hear it and hear it

[11:19]: because each time you hear it with more

[11:20]: emotion, more feeling, you apply another

[11:22]: part and another part. Who's ever gone

[11:24]: to a a movie or read a book you'd read

[11:26]: before and you read it another stage of

[11:27]: life and it was like a totally different

[11:29]: movie or book or I don't remember that

[11:30]: being in the movie, right? It's

[11:32]: because you're growing cuz there's

[11:34]: something new. So every time I make sure

[11:36]: I don't say I know this. When I was

[11:38]: doing Money Master the Game, I'd spent

[11:40]: 23 years coaching Paul Tudtor Jones, one

[11:43]: of the 10 most successful financial

[11:45]: traders in the history of the world.

[11:46]: I've coached him every day for 23 years.

[11:50]: He is a genius. He gives me way more

[11:52]: credit than I deserve, but I like it.

[11:56]: But I've also learned so much from him.

[11:58]: So, I knew a lot before I went to go

[12:00]: interview these people. But I was more

[12:03]: than humbled because I went in with a

[12:04]: fresh view that as much as I think I

[12:06]: know about working with the best guys on

[12:07]: earth, there's so many ways to crack

[12:09]: this egg, so to speak. And I learned so

[12:12]: many distinctions. That was 10 years

[12:13]: ago, 2013, when I was in the middle of

[12:16]: writing that book. Where I am now versus

[12:19]: I was then because I've applied these

[12:20]: tools is beyond imagination. I have a

[12:23]: billion dollar net worth in the next 36

[12:25]: months, 5 years. If I don't do anything

[12:27]: that has a blowup, just my normal asset

[12:29]: at their normal growth at about 6 or 7%.

[12:34]: And I never focused on money. It wasn't

[12:35]: my focus. I changed to make sure I

[12:37]: included money as my focus. But I wasn't

[12:40]: somebody saying I'm in, you know, I've

[12:41]: got to do this. And being a billionaire

[12:43]: will not change my life at all, but

[12:45]: it'll be fun. There's only 3,000 of them

[12:47]: in the whole planet. So, it's like

[12:48]: you're a part of a unique club and it's

[12:50]: because I've applied these principles.

[12:52]: So, I am so excited. Your goal may not

[12:53]: to be a billionaire, and it certainly

[12:55]: wasn't mine, but I want you to have the

[12:57]: greatest quality of life possible. But

[13:00]: to do that, we got to take this thing

[13:01]: called money and put it in a context

[13:03]: where it doesn't add stress to your life

[13:05]: and where you feel a sense of skill and

[13:08]: understanding and optimism that even if

[13:10]: all hell breaks loose, things go up and

[13:12]: down. It's not a straight line. If you

[13:14]: think it's a straight line to what you

[13:15]: want to achieve, you've not been in

[13:17]: business. If you go to nature, show me a

[13:19]: straight line in nature. You won't find

[13:21]: it. If you find it, a human built it.

[13:23]: That's not how things grow. How do they

[13:25]: grow? They grow up and they come down a

[13:26]: little bit like a stock, right? But if

[13:28]: it's successful, the overall arc is up.

[13:31]: And over the years, there's a stacking

[13:33]: of those effects. So, what I really want

[13:35]: to get across to you is I don't give a

[13:37]: where you are. Number one, let's

[13:38]: start by being wealthy. Because if you

[13:40]: can extract as much joy as possible out

[13:42]: of every moment from little things, not

[13:44]: just the big things, not the astronaut

[13:47]: who goes to the moon and they walk on

[13:48]: the moon and it's the most unbelievable

[13:50]: experience and they come home and they

[13:51]: have a ticker tape parade in New York

[13:53]: and they shake the president's hand and

[13:54]: then what they thought the way to have

[13:57]: adventures walk on the moon and they did

[13:59]: it.

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JavaScript Fundamentals Quiz

Test your knowledge of JavaScript basics

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Question 2 of 5

Question 2

Which method is used to add an element to the end of an array?

A. push()

B. add()

C. append()

D. insert()

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