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The Woman Who Makes Millionaires: Only 1% of People Do This! The PPF Framework Will 10x Your Income!

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The Woman Who Makes Millionaires: Only 1% of People Do This! The PPF Framework Will 10x Your Income!

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2923 segments

0:00

In order to be successful, you have to

0:02

be able to communicate your ideas, who

0:04

you are, and your point of view. And so,

0:06

I use three steps in every communication

0:08

that can be used for getting a

0:09

promotion, laying people off. It could

0:11

be used to persuading your significant

0:12

other, "Where are you going to go to

0:13

dinner that night?" And it allowed me to

0:14

go from being in a room where I couldn't

0:16

have a conversation with people and

0:18

crippled with anxiety and fear to

0:20

co-founding two nine-figure businesses,

0:22

helping over 15,000 business owners

0:24

scale their organizations, as well as

0:26

helping people unpack the strategies

0:28

that the top 1% of people use to gain

0:30

wealth and success that are different

0:32

than 99% of people who can't create the

0:34

wealth that they've always wanted. Like

0:35

they prioritize being respected over

0:37

being liked.

0:38

>> And where else do people go wrong here?

0:40

>> Well, ultimately this comes down to the

0:42

character of the person. If the person

0:44

isn't somebody who wants to win, who

0:46

doesn't sacrifice, you cannot get to

0:48

where you want to go. Now, of course,

0:50

you could try to hack success, but if

0:52

you did it by putting in the effort, you

0:54

don't have this anxiety that it's all

0:55

going to come crashing down because you

0:58

know that you could redo it and it's

0:59

never burnoutinducing. That's a

1:01

misconception about hard work. You're

1:03

not a candle. You can't burn out.

1:05

>> What about passive income? Because the

1:06

idea that you can make income and do is

1:08

unbelievably compelling.

1:09

>> Well, before you have a million dollars,

1:10

don't even think about passive income.

1:12

Instead, use your calendar as a

1:14

representation of what you find to be

1:15

important with the goals that you have

1:16

every single day.

1:17

>> But if someone at home isn't quite clear

1:19

on their goals, what should they be

1:20

doing?

1:20

>> I have a three-step methodology for goal

1:22

setting that I have rolled out to

1:24

thousands of people and it's called PPF

1:26

and it's transformed my life. So, the

1:29

first is

1:30

>> I see messages all the time in the

1:32

comment section that some of you didn't

1:34

realize you didn't subscribe. So, if you

1:36

could do me a favor and double check if

1:37

you're a subscriber to this channel,

1:38

that would be tremendously appreciated.

1:40

It's the simple, it's the free thing

1:42

that anybody that watches this show

1:43

frequently can do to help us here to

1:45

keep everything going in this show in

1:47

the trajectory it's on. So, please do

1:48

double check if you've subscribed and uh

1:50

thank you so much because in a strange

1:52

way you are you're part of our history

1:54

and you're on this journey with us and I

1:56

appreciate you for that. So, yeah, thank

1:58

you

2:01

Natalie. For my viewers that have just

2:04

clicked on this conversation, what is

2:06

the reason that you think it's important

2:07

for them to stay and listen to what

2:09

we're going to talk about today and all

2:10

of the things that you've spent your

2:12

career understanding? If you are

2:15

somebody who has really struggled with

2:18

working hard and putting in the effort

2:20

and the energy, but you don't actually

2:23

have wealth to show for it, this

2:26

conversation is important because wealth

2:30

should come from hard work on the right

2:32

set of problems. And so you have to ask

2:34

yourself the question, what problems do

2:36

I work on every single day? And whether

2:38

you're a team member in an organization,

2:40

whether you're a leader in an

2:41

organization, a business owner in an

2:43

organization, you should be able to

2:46

objectively point at my work here

2:49

generated this result. And so if I'm

2:51

upset with this result, meaning I

2:54

haven't made the wealth, I haven't

2:55

created the income that I want, it would

2:58

make sense that where you're spending

2:59

your time and the problems that you're

3:00

solving are not tied to your actual goal

3:03

of increasing your wealth. And when it

3:06

comes to wealth, I do think that we are

3:08

in a wealth crisis across the globe. I

3:11

think that there is so much confusion

3:13

and misunderstanding about financial

3:16

literacy and what's actually happening

3:17

with who is making money, how they're

3:19

making money, what they're spending

3:21

their time on. And so this conversation

3:24

I'm very much looking forward to

3:26

unpacking what are the strategies that

3:28

people use the 1% for their time, for

3:32

their investments, for their skills, for

3:35

their mindset that are just different

3:37

than 99% of people who can't seem to get

3:40

ahead and create the wealth that they've

3:42

always wanted.

3:44

>> And so as you sit here now, what is your

3:46

business? What's the scale of the

3:48

business? And uh what does it do? Yeah,

3:51

over the last six years, I co-founded

3:53

two businesses that are both nine

3:55

figures today. One is a management

3:59

consulting investment firm. It's called

4:00

Cardone Ventures, and we help small

4:02

business owners grow and scale their

4:04

organizations. So, I work with business

4:06

owners on a daily basis who will be

4:08

doing $3 million in annual revenue. They

4:11

want to know, how do I become one of the

4:14

fewer that is able to have a $5 million

4:17

a year business or a $10 million a year

4:19

business? because they really realized

4:20

that $3 million a year doesn't actually

4:21

create financial security. And that

4:24

business was started in 2019. And then

4:27

our second business, 10X Health, we

4:30

purchased a health business back in 2023

4:34

and today is helping people all over the

4:37

world and it's a nine figure business.

4:40

>> So you're on that first business. How

4:42

many business owners have you worked

4:43

with?

4:44

>> Total business owners that have come

4:45

through our programs would be over

4:47

15,000. What what are the range of

4:49

things you're helping them with?

4:51

>> Great question. So, there's education.

4:53

Yeah. There's consulting, there's

4:55

services, and there's investing. So,

4:57

think of us like the McKenzie for small

4:59

businesses. We reverse engineer their

5:02

current market, what they're doing, what

5:03

their products, services, offerings are,

5:06

and we give back to them either in the

5:08

form of actual services where we will do

5:10

their marketing for them, we will

5:11

recruit people for them, we will do

5:12

their bookkeeping for them. But then we

5:14

also have a massive events component of

5:17

our business where we train business

5:18

owners on how to hire, how to recruit

5:21

themselves. So they don't need to hire

5:22

us to do it. I actually prefer it when

5:24

people don't hire us to do this because

5:26

I think it's so important for business

5:28

owners and the leaders inside those

5:30

teams to actually get the competence in

5:32

that skill. So if you use Yeah. have

5:35

hiring or their books. If if business

5:38

owners don't understand how to read a

5:40

P&L and the importance of a balance

5:42

sheet, they're always going to abdicate

5:44

that work to somebody else. And at some

5:47

point, that is not going to work for

5:49

them any longer because I don't actually

5:51

know what that skill is. So, I'm

5:53

trusting that Steven can come into my

5:55

business. Steven seems great. I know him

5:57

from church. I'm just going to let

5:58

Stephen do this. But, I don't know that

6:00

Steven only knows how to do this to a $3

6:01

million business. And I need it to be a

6:03

$10 million business. there's no

6:05

education system that exists for

6:06

business owners to help them identify

6:08

that today.

6:09

>> So it was a 2019 you started this

6:11

business.

6:13

>> So if I jumped back to 2019,

6:17

what is the difference like fundamental

6:18

difference in the principles of how to

6:20

be successful in business that you know

6:22

now that you wouldn't have known then?

6:25

Like what are the glaring principles? I

6:26

often think that like the further you go

6:27

down any path,

6:29

>> it becomes more and more clear what the

6:30

like fundamental rules of the game are.

6:32

And at the very beginning, those are

6:34

just hypotheses. So, what are like the

6:36

fundamental things you've learned about

6:38

what differentiates those 15,000 people

6:40

that you've interfaced with that are

6:41

business owners um makes some of them

6:44

successful and the others unsuccessful?

6:47

>> I ultimately think that this comes down

6:49

to the character of the person that is

6:51

doing the business. Because if you look

6:55

at people that you can partner with in

6:56

business, it is incredibly challenging

7:00

to make something truly successful. Even

7:04

if it's the best business model in the

7:06

world, you figured out marketing, you

7:07

figured out operations, you can scale

7:10

it. If the person is a piece of [ __ ] and

7:12

if the person is not somebody who is

7:14

ethical and is somebody who's compliant

7:17

and isn't somebody who wants to win, to

7:20

me those three things go hand in hand

7:22

because it to me it doesn't matter what

7:24

the business model is. You could give me

7:25

a roofing business, you can give me an

7:27

HVAC business, you can give me a

7:28

wellness company, a marketing agency.

7:30

The principles that I thought to be

7:33

true, many of them have held true over

7:36

the last six years since 2019. Many of

7:38

them are still very applicable around

7:42

standard practices for accounting and

7:44

how you recruit people. Certain tips and

7:47

tools help with different platforms that

7:50

you can use for these things, but for

7:51

the most part, those things actually

7:52

haven't changed. But what I've learned

7:54

painfully over the last 6 years is

7:57

everything is about the people that you

7:59

do business with and the partners that

8:01

you choose and the people that you allow

8:03

in your inner circle. And so that is the

8:05

case for your own business, but that's

8:07

also the case for the businesses that we

8:09

help. And I can watch the most

8:11

incredible business owner come into our

8:13

organization. She's wanting to win.

8:16

She's excited about what the future can

8:18

look like. She's going to take all of

8:20

the notes and actually go home and

8:21

implement those things. But if she has

8:23

somebody in her life, say it's a spouse,

8:26

say it's a kid, worse yet it's an

8:28

employee that she's paying to help her.

8:30

Like that's the irony. You pay people to

8:32

help you and yet when they're actually

8:34

on your team, they do things that

8:35

detract from your ability to achieve

8:38

your goals and to reach your potential.

8:40

That's where I find doesn't matter what

8:42

the business model is, doesn't matter.

8:43

You can give all of the books, all of

8:45

the training, the full playbook to

8:46

somebody, they're going to fail because

8:48

either they aren't that person or

8:50

they've surrounded themselves inside

8:51

their business with people who will just

8:53

be stops to them and continually stop

8:56

their ability to grow and to reach for

8:57

more, reducing that person's confidence

8:59

in themselves and their business stays

9:01

stuck.

9:02

>> If people are the most important thing

9:03

for long-term success and for business,

9:06

what are you looking for in people? What

9:09

makes someone an A player in your view?

9:11

And how do you how do you filter them

9:13

out?

9:15

Because a lot of people go off their

9:16

vibes and if I've learned anything over

9:18

the last 10 years is that we're all

9:19

riddled with our own biases and

9:21

insecurities. So we end up aiming in a

9:23

certain direction whether that's for

9:24

better or for worse.

9:26

>> So what's your process of finding

9:27

exceptional people?

9:29

>> I use a three-step interview process. So

9:32

the three steps for me is first a

9:33

cultural interview. I want to understand

9:36

more so than me trying to get into the

9:38

technicalities of can they do the work.

9:40

Are they aligned with our organization?

9:42

Are they goal oriented? The best

9:46

question that you can ask somebody

9:48

inside a business before you hire them,

9:51

what are their five-year goals and

9:54

actually get a real answer. I don't

9:56

really care what skills and experiences

9:57

you have. If you don't have goals,

10:00

you're I'm not hiring you. You're not

10:02

allowed to be inside this environment

10:03

because it's demoralizing for every

10:05

other person who is here to help achieve

10:08

their goals. the organization's goals

10:10

and hopefully the goals of the end

10:12

customer, client, patient for whatever

10:14

type of business. So that first

10:16

interview really being the cultural

10:18

grounding point is of the utmost

10:21

importance and then I move straight into

10:23

a technical interview where I want to

10:24

get the person as close to the work as

10:27

possible. So if you're going to be a

10:29

salesperson, I want to see you make a a

10:30

sales call. I'm going to give you a list

10:32

of 50 people to call. I want to listen

10:34

to you call those people. If you are a

10:36

graphic designer in our organization, we

10:39

do not do briefs. We are not the type of

10:41

people that are going to say you get all

10:43

of this time to be able to think through

10:45

this whole process and this whole

10:47

journey and we're going to give you two

10:48

weeks to do this. For us, we are

10:51

turnurning content constantly because

10:53

that's the world that we live in for the

10:55

amount of ads that need to be created,

10:57

presentation decks. It can't take a

10:59

bunch of time. And so if the person when

11:01

I do a case study interview and I have

11:03

them actually make a presentation in

11:05

front of me says that they need two days

11:08

to think about this and they can't

11:09

assemble some form of a presentation or

11:12

a graphic for an ad. They don't know how

11:14

to use Adobe or Canva or whatever the

11:16

platform is, I I can't really hire the

11:19

person because I know that they don't

11:20

have that skill. And then the final one

11:22

is a core values interview. And for me,

11:26

our team's ability to demonstrate ahead

11:29

of time, ahead of joining the

11:30

organization that they actually

11:32

understand and are in alignment with our

11:34

core values is essential.

11:37

>> How do you test someone's core values?

11:39

>> Well, I asked them to give me times

11:42

where they have exemplified the core

11:44

values that we have and they present it

11:46

to our leadership team. For the first

11:49

100 team members at Cardone Ventures, I

11:50

listen to every single core values

11:52

presentation. the person can't

11:54

demonstrate and actually say, "Oh, I was

11:56

able to generate x amount of leads and

11:58

convert them at y percentage." They

12:00

probably don't know what they're talking

12:01

about and they're gonna have a really

12:03

hard time in the environment. And I do

12:05

believe that this is the business

12:06

owner's responsibility. You have to own

12:08

your culture and your environment. And

12:10

if you don't and just think that anybody

12:12

that can come in is going to actually

12:14

live by what you want to create, you're

12:16

going to be very quickly mistaken

12:18

because they're going to create their

12:19

own environment inside yours and then

12:21

you've lost control. You talked about

12:23

goal setting being an imperative when

12:24

you're meeting people. What is what is

12:27

your framework for goal setting? If

12:29

someone at home isn't quite clear on

12:31

their goals, what what should they be

12:32

doing?

12:33

>> I have a three-step methodology for goal

12:35

setting that I have rolled out to

12:37

thousands of people. And this three-step

12:40

framework has really transformed my life

12:43

because it allows me to create buckets

12:46

for goals. And the process is called

12:49

personal goals, professional goals, and

12:51

financial goals. And after having over a

12:54

thousand of these conversations

12:55

personally where I've interviewed team

12:58

members and business owners and team

13:00

members of business owners about their

13:02

goals, what I can say is I've never

13:04

found a goal that is outside of those

13:05

three buckets. But the challenge many

13:07

people run into is on New Year's Eve,

13:09

they start to list out all of the lovely

13:12

things that they would like to

13:13

accomplish and who they want to be. And

13:14

it becomes this very esoteric

13:16

conversation. Instead of really

13:18

prioritizing personally, what does

13:20

success look like? Professionally, what

13:23

does success look like? Financially,

13:25

what does success look like? And what

13:27

would those targets be in one year from

13:29

now, 3 years from now, and 5 years from

13:32

now? Because those three buckets become

13:35

easy to think about in the short term.

13:37

One year for most people, super

13:39

straightforward. They're like, "Oh, I'd

13:40

like to make an additional $10,000.

13:42

Maybe I'd like a promotion here." Three

13:44

years starts to get a little bit more

13:45

nebulous. And after having over a

13:47

thousand of these conversations, 5 years

13:50

for most people they have a hard time

13:52

thinking with. But the one constant is

13:54

in 5 years from now, guess what? We're

13:57

going to be 5 years older. I am 32 years

13:59

old today. In 5 years from now, for

14:02

certain, I will be 37 years old. And so,

14:05

who is Natalie at 37?

14:07

>> Who is she?

14:08

>> She's a [ __ ] badass.

14:11

Natalie is in control of her

14:15

environment. Natalie is able to

14:19

make a lot of financial investments that

14:20

I'm not in the position financially to

14:22

make today because I want to be able to

14:25

write a million dollar check to charity

14:27

just because I can. I'd ideally like

14:30

that check to be 10 or $50 million. And

14:33

when you say PPF, personal,

14:36

professional, financial,

14:37

>> is there any specific way that I should

14:40

write this down? Is it just do I just

14:42

think about in 5 years from now, what

14:44

are my personal, professional, and

14:45

financial goals? And then I write that

14:46

down on a piece of paper, for example.

14:48

>> Great question. Ideally, personal is at

14:50

the top,

14:51

>> okay,

14:51

>> with a bucket for one year, three year,

14:54

and 5year.

14:55

>> Then the next is professional, one year,

14:57

three year, five year. Financial one

14:58

year, three year, five year.

15:00

>> And you know, you use the word badass.

15:02

>> Uhhuh.

15:03

What is the mindset of a badass? Like,

15:05

have you always been like this?

15:08

>> I always wanted this, but today I am

15:10

this. At 20 years old, I was crippled

15:14

with anxiety and fear about what others

15:16

thought of me.

15:17

>> What changed? What happened? How did you

15:20

acquire such an aura? I think the aura

15:22

came from targeting, getting stats that

15:26

I could prove that let somebody not see

15:30

me in my life choices, but actually let

15:32

them see an outcome. So that first

15:34

outcome was being able to recruit

15:36

people. I wanted to actually have a stat

15:38

that I have recruited X amount of

15:41

people. Therefore, I know how to hire

15:42

people. I know how to interview them. I

15:44

know how to onboard them. I know how to

15:46

create a successful culture because a

15:48

result shows that. So whether you like

15:52

me, don't like me, think that it was

15:54

him, you can't take away the stat. And I

15:57

became obsessed with not

16:01

getting things or doing things that took

16:04

me away from stats.

16:06

>> So you needed to acquire first party

16:08

evidence for yourself about yourself.

16:10

>> Mhm.

16:11

>> So that within yourself, you knew

16:15

who you were

16:16

>> that

16:16

>> you had a self case for who you are.

16:18

that

16:19

>> and even I guess to for people to do

16:20

that because I'm sure there's so many

16:21

people listening that are maybe

16:23

20-year-old Natalie in some way, maybe a

16:25

bit shrouded with sort certain

16:26

insecurities and maybe aren't the most

16:29

conf confident, maybe a bit anxious,

16:30

scared about what people might think if

16:32

they try. What would you say to those

16:33

people from your experience?

16:36

>> Go all in on yourself.

16:39

Go all in on that weird thing that

16:42

you're interested in. If it's

16:43

scrapbooking, if it's

16:47

social media, if it's

16:50

recruiting, if you like reading business

16:53

books, go allin on that thing. And

16:56

social media has never created a better

16:58

time for people to actually create

17:00

incredible things based off of their own

17:03

interests and get those things out to

17:04

the world. So 20-year-old, anybody,

17:08

anybody who is 20 years old should say,

17:11

"This is what I'm interested in. It is

17:13

one thing. It is not 12 things. And I'm

17:15

going to go all in on myself with this

17:18

thing and become completely obsessed and

17:20

create my environment around becoming

17:22

the best at objectively the best at this

17:26

thing."

17:27

>> Does it matter how you look? I've I've

17:29

heard you talk about this in a video you

17:30

made in April where you're talking about

17:32

seven steps to transforming yourself

17:34

>> and you say that you should rebrand your

17:36

look.

17:38

>> Does it matter how I look?

17:41

>> I think it matters a lot to people how

17:42

they look. I think people have a lot of

17:45

ideas about

17:47

levels of acceptance about how they look

17:49

and ultimately you have to decide if you

17:52

are comfortable with the way that you

17:53

look and I do think many people

17:56

overemphasize how they look and how they

17:59

come across. But if you want to rebrand

18:03

yourself and have this new identity,

18:05

let's say somebody wants to go from

18:08

being a 20-year-old college student that

18:10

no one really takes seriously and it's

18:12

kind of dumpy and doesn't really like

18:16

certain things but can't really

18:18

articulate why. Spend too much time on

18:20

social media. And let's say that person

18:23

wants to become a professional golfer.

18:26

Well, all of a sudden, in order for me

18:28

to become a professional golfer, the

18:30

fastest way for me to be successful

18:32

becoming a professional golfer is to

18:34

practice golf every hour of the day and

18:36

to assimilate into that environment, to

18:39

look the part and to act the part. I'm a

18:42

huge believer in the process of be, do,

18:44

have. It is not have before you actually

18:48

be that person and you do the things in

18:51

order to have the stuff or have the

18:53

identity or have the whatever it is that

18:56

you're looking to create the being a

18:58

professional golfer, the scrapbooking

19:00

business, the $20 million organization.

19:03

And so the first step really is becoming

19:05

that. And if I really want to change

19:09

what my external environment is, I need

19:12

to get in those rooms and I need to

19:14

start to understand what those rooms

19:15

look like. And the fastest way for me to

19:17

actually be able to do that, as long as

19:19

it doesn't compromise my moral code,

19:21

would be to start to look like, dress

19:22

like, act like that thing that I want to

19:24

become.

19:25

>> How important do you think communication

19:27

is in terms of like the way that you

19:29

show up here and the way that you talk?

19:32

Do you think that's important? And if

19:35

so, what advice would you give to to my

19:37

audience about being an effective

19:40

communicator?

19:43

>> Of course, communication is the most

19:45

important thing. Next to being

19:48

successful,

19:50

actually, I would say in order to be

19:51

successful, you have to be able to

19:53

communicate your ideas and your thoughts

19:56

and who you are and your point of view.

19:58

And if you can't communicate those

20:00

things, it will show in your inability

20:04

to create the things that you want to

20:06

have. So, what do you do when you think

20:08

about your own communication style? What

20:10

are some of the things that you've

20:11

learned over time that are effective to

20:13

make people take you seriously to to

20:14

hear you and to persuade people?

20:17

>> I am incredibly present in any room that

20:20

I am in. And that is a missed skill in a

20:23

day and age where everyone has a cell

20:25

phone where they can contact millions of

20:28

people instantly. I find that leaders

20:30

who want to get promoted and and be in

20:34

the next position, they don't even think

20:36

of how unaware they look in every

20:39

leadership meeting because they are

20:40

simply answering another email or not in

20:43

that room. And my philosophy is if

20:45

you're in the room and your two feet are

20:47

there, that is where you have to be. And

20:49

so you are an effective communicator if

20:51

you can actually track with what's

20:52

happening. If I can track what he's

20:54

doing over here and when he comes and

20:56

talks to me, I'm able to have a

20:58

conversation because he's physically in

21:00

my space. That communication matters.

21:02

It's not just the most important person

21:04

in the room that matters in any room.

21:06

It's how you present yourself to every

21:09

individual because you are present in

21:12

that environment right now. And if you

21:15

can teach yourself to not numb yourself

21:18

from the environment, if you can teach

21:20

yourself to really observe the

21:22

environment and talk to whoever it is

21:24

that's in front of you, communicate with

21:26

them, even if they're not talking to

21:27

you. How we became partners with Grant

21:30

and Elena Cardone was by sitting at an

21:32

event with 35,000 people and instead of

21:35

acting like big deals and instead of

21:37

acting like we were somebody, we sat

21:40

there in their audience and took notes

21:43

and were actively interested in what

21:45

they were saying. Why? Cuz if somebody's

21:46

up on stage and you want that person's

21:48

attention, the fastest way to make them

21:50

not want to spend time with you is to

21:52

slouch in your chair and is to look down

21:55

or be distracted the whole time. And

21:57

then when they meet you to come maybe

21:59

take a picture at the end of the event,

22:01

they see you. They are going to know

22:03

that you gave them no laughs, you gave

22:06

them no verbal cues, you were completely

22:07

uninterested, and you actually made

22:09

their job harder for them despite the

22:11

fact that maybe they are your role model

22:13

or idol. I find people are so unaware of

22:16

their physical presence in any room, in

22:19

a meeting, in a school room, in a

22:21

presentation, in a conversation with

22:24

their significant other with their kids,

22:26

that if they could just own the space

22:29

that they are in and be intentional with

22:31

the human being that's in front of them

22:33

would change everything in their lives.

22:35

>> What about how you speak? how the very

22:37

the most effective speakers that you've

22:39

encountered, what it is they do

22:41

tactically to make sure that people hear

22:44

what they're saying and are persuaded by

22:45

them, you know, and there's a spectrum,

22:47

right? There'll be these business owners

22:48

that you meet that are like terrible

22:50

communicators and speakers. What are

22:52

they doing wrong? And then the very best

22:53

that you meet, what are they doing

22:55

right?

22:56

>> The more frameworks somebody has to

23:00

frame their communication, I think helps

23:03

them land their point. So there's no

23:06

shortages of frameworks on the planet.

23:10

My framework is vision, commitment,

23:13

execution. I use three steps in every

23:15

communication that I'm really

23:17

intentional about and wanting to land.

23:20

And that three-step framework can be

23:22

used for getting a promotion. It could

23:24

be used for laying people off. It could

23:26

be used to figuring out where you're

23:29

going to go to dinner that night and

23:30

persuading your significant other. So

23:33

the first step of the framework under

23:37

VCE is vision. And it's important that

23:40

vision is first because if you can

23:43

articulate to somebody the intention and

23:46

the why behind whatever it is you're

23:48

communicating, you're going to get much

23:50

further than just going into tactics.

23:52

>> I've heard you talk about avoiding

23:54

phrases like I think, I feel,

23:57

um, and being more high conviction and

23:59

certain with the way that you

24:00

communicate with people.

24:01

>> Mh. Explain that to me.

24:05

>> That honestly might be outdated for me.

24:08

>> Yeah.

24:08

>> Because in a day and age where it's

24:11

important to share your point of view,

24:15

it's not a bad thing to say, I think

24:18

this is the right path, especially if

24:20

you aren't certain. And it

24:21

[clears throat] shows strength and

24:23

integrity that you are

24:27

communicating that you you're thinking

24:28

this. you you don't know for sure and

24:30

you're relying on other people. Now, if

24:32

it is just a filler word, if somebody

24:35

says, "I think we should do this and

24:38

this is the direction that I think we

24:39

should take Cardone Ventures," that

24:41

wouldn't be very engaging. So, in that

24:43

context, you absolutely should not be

24:44

using these filler phrases of I think or

24:47

maybe and and adding lack of certainty.

24:51

At some level, you're playing a

24:52

certainty game with everybody around

24:53

you, whether they are investors,

24:55

clients, patients, team members,

24:57

partners, vendors. And so using phrases

25:00

that decrease people's certainty in your

25:03

direction isn't going to help them help

25:06

you. But if you actually are uncertain,

25:08

it is okay to be transparent about that.

25:11

And it actually builds trust.

25:12

>> I think it's funny I just said I think I

25:15

think about this a lot. Um because I I

25:17

find myself writing out emails and

25:19

messages where I've written I think in

25:21

them. And I I'd say 90% of the time

25:24

change it to I believe.

25:27

>> And I think there's something different

25:29

about that framing. Whenever I write I

25:31

believe it feels it's still appreciating

25:33

that this is a belief that I have and I

25:35

don't have certainty on this hypothesis.

25:36

But there's something high conviction

25:38

about the phrase I believe we're going

25:40

to blah blah blah blah and I believe

25:42

that will happen blah blah. It feels

25:44

much better than I think. M

25:46

>> I think I it's a bit flimsy.

25:48

>> I'm in agreement with you.

25:49

>> A bit plastic bag in the wind. So,

25:51

>> but when you say it like this, it makes

25:54

me connect to you because it actually

25:56

feels like it's a stream of

25:57

consciousness that you are thinking

25:59

something.

26:00

>> Yeah.

26:00

>> Instead of in an email.

26:02

>> You saying I believe is much more

26:04

authoritative. I would

26:08

I would caution leaders when it comes to

26:12

using words like I believe or being

26:14

certain about really ensuring that you

26:18

are certain or you really do believe

26:20

something, especially as your business

26:22

grows. If you're doing a million dollars

26:25

and now you have a $10 million business

26:27

and all of a sudden you have a a layer

26:29

of leaders around you, it can become an

26:31

echo chamber. And the more certain you

26:34

are, or at least you seem to be, the

26:38

less likely people are going to push

26:40

back on you when you might actually need

26:42

them to collaborate. And you weren't so

26:45

certain, but you came off with such

26:47

certainty. And I find that that's a

26:48

balance that leaders have to find as

26:50

they become more competent in their zone

26:52

of genius and as they get higher up in

26:54

organizations or start their own

26:56

organization themselves. if they aren't

27:00

really communicating what things they

27:02

aren't certain of but they're waffling

27:05

on um it it can cause unnecessary

27:09

duress.

27:11

>> You talk about mastering your calendar

27:13

as well being central transformation.

27:15

>> Why is why is this so important and what

27:17

does that mean?

27:18

>> Well, if you want anything in life, you

27:21

actually have to spend time to get that

27:23

thing. things don't just magically

27:26

manifest into people's lives despite

27:28

what the internet tells you. So, in

27:30

order for me to have the relationship

27:33

that I want to have, I actually have to

27:35

invest time with my significant other.

27:38

It's not just going to magically happen

27:39

that I'm going to have an amazing

27:41

marriage. If I want to have great

27:44

friends, I actually have to spend time

27:46

with my friends. And so your calendar is

27:49

a reflection and a representation of

27:51

what you find to be important and is in

27:54

alignment or out of alignment with the

27:56

goals that you have every single day. So

27:58

if I have zero time being spent on

28:00

generating revenue inside my business,

28:03

it shouldn't surprise me at the end of

28:04

the year that I'm doing the same amount

28:06

of revenue that I did last year. Why? I

28:07

spent zero time on the one thing aka

28:10

revenue generation in order for it to

28:13

grow. So for me, my calendar, and I

28:16

teach business owners this every single

28:17

day, you have to look at it every day.

28:20

You you have to start to align your

28:22

time, unless you want your life to be

28:25

something that just is a story of luck.

28:29

I don't know about you, but I'm not

28:30

interested in having a life of luck

28:32

because I think that actually leads to a

28:34

significant amount of self-doubt and

28:36

uncertainty. Oh, just because I'm lucky,

28:38

I'm going to leave something to to being

28:40

out of my control just because I I

28:42

happen to be at the right place at the

28:44

right time. Of course, there are those

28:46

components. I have been at the right

28:47

place at the right time throughout my

28:48

career. But the way that you control

28:52

where you spend your time gives you the

28:54

most amount of atbats to the

28:56

opportunities that you want if you have

28:59

goals and aspirations to have a

29:01

different life than you currently have.

29:02

And to me, still to this day, I want to

29:05

have a different life in the future. And

29:06

I imagined a more enriched version of my

29:08

life at 40 and at 50 and at 60. And I

29:12

think if people were really honest with

29:13

themselves, they want a different

29:15

version of their lives, too. I don't

29:17

think someone listens to this podcast or

29:20

watches this show without wanting to be

29:23

something different or to have something

29:24

different, whether it's relationship or

29:26

different health situation or different

29:30

income, different friends. I mean, how

29:32

many people would want different

29:34

friends, like badass friends to do cool

29:36

[ __ ] with? Well, how do you get that?

29:38

Okay, I would need to actually reverse

29:39

engineer using my time and what I do

29:42

every single day to get me closer to

29:44

people who are doing those similar

29:46

things. And so, that might actually take

29:48

me making sacrifices for 2 years in

29:51

order to be able to be around people, to

29:54

be able to give value to people who'd be

29:56

interested in being my friend. And it

29:58

sounds a little

30:00

strategic, but it is because you don't

30:03

just get great people in your life

30:05

because you happen to be at the right

30:06

place at the right time. You get great

30:07

people by doing great things because

30:08

great people want to spend time around

30:10

other people who are doing great things.

30:11

And the only way that you can certainly

30:13

know that you are doing great things

30:14

without getting lucky or happening to

30:16

look a certain way so that you get

30:18

invited into certain places is by

30:20

managing and really creating your own

30:22

time.

30:23

>> What about hard work in this equation?

30:26

You know, people talk a lot about work

30:28

life balance and I think a lot of people

30:29

want want everything. We want to, you

30:33

know, get to 40, have the yacht, have

30:35

the great family, have great

30:37

relationships, have a great business. I

30:38

mean, that's an ideal outcome for all of

30:39

us. What would you say to people about

30:42

the concept of working hard and how

30:43

critical or or unimportant that is?

30:47

>> Working hard is the most important

30:48

thing. You cannot get to where you want

30:51

to go if it's truly something that is

30:54

unusual or out of the ordinary without

30:57

working hard. Never burnout inducing

31:00

though. And I think that that's a

31:02

misconception about hard work. I don't

31:05

know successful people who are still in

31:07

the game who are burnt out by a long

31:10

day. That the response isn't burnout.

31:13

Their their response might be, I want to

31:17

go do something different for a minute.

31:20

But my business partner, Grant Cardone,

31:23

who I am obsessed with, and that was one

31:25

of the greatest partnerships I could

31:27

have ever done in my entire life, he

31:29

says, "You're not a candle. You can't

31:32

burn out. A human being cannot burn out

31:34

because you are not a candle. So, can

31:37

you feel moments of pressure, stress?"

31:39

Yes. I don't take any of those moments

31:42

as being a bad thing. It's not a

31:44

negative to feel overwhelmed because you

31:45

have responsibility. People depend on

31:47

you. People are relying on you to do

31:48

something great. Go.

31:50

>> Burnout then in your view. Why do people

31:52

say, do you know I was doing this thing

31:53

and I got burnt out so I had what is

31:56

that?

31:57

>> The thing that people do is not actually

32:00

leading to where they want to go.

32:03

So, if I thought that it was going to

32:05

require me to work out two hours a day

32:08

in the gym and only eat chicken and rice

32:12

and never have any of the things that I

32:14

love to never get a six-pack, I'm not

32:17

going to do that. But if I think that by

32:20

doing this work that's going to be hard

32:22

and I'm gonna hate and it's going to

32:24

suck that I can actually get what I want

32:27

and my life would be changed because I'd

32:29

actually have a six-pack and I'd feel

32:30

confident and I'd be able to buy the

32:31

clothes that I'd want and I'd just be

32:33

part of the very small percentage of the

32:34

population that has one. Then the

32:37

process of me going to the gym early at

32:40

5:00 before my kids get up wouldn't burn

32:43

me out. I would recognize that this is a

32:45

step that's necessary to get to my goal.

32:47

And at which point when the goal is

32:49

there, you might change your mind and

32:51

you might have a different goal. But

32:53

when people win, they are rarely burnt

32:55

out at that moment. I've watched

32:58

business owners sell their businesses

32:59

for hundreds of millions of dollars. Uh

33:03

I've watched them get hundreds of

33:04

millions of dollars in their bank

33:05

account. And that feeling of celebration

33:08

and joy happens to stay around for a

33:11

little while until that thing kicks in,

33:14

which is that individual's potential to

33:17

help somebody, to solve more problems,

33:19

to be able to make a larger impact. And

33:21

so that end goal does end up moving. The

33:25

goalpost ends up moving. And there's

33:27

actually nothing wrong with that.

33:29

despite the world wanting to tell you

33:31

that there is something wrong with the

33:32

fact that you're moving the goalpost. I

33:34

don't think there's anything wrong with

33:35

it. And you only really get burnt out if

33:37

you don't see how the sacrifices that

33:40

you're making are actually going to lead

33:41

you to the six-pack. If you're going to

33:43

be overweight forever, then of course

33:45

I'm just going to eat candy and chips

33:46

and all the things that I love to eat.

33:48

But I do think I could get a six-pack.

33:51

So, I'm willing to make some of these

33:52

sacrifices here and there because the

33:53

goal isn't going to allow me to get

33:55

burnt out because I'm going to be so

33:56

freaking proud of myself by the time I

33:58

reach that goal, at which point I'm

34:00

going to change it to a different goal.

34:01

And it's going to be just as interesting

34:02

and exciting of a game for me to play at

34:04

that point in my life.

34:05

>> Do you think people respect you a lot

34:07

more now at 33 than they did when you

34:09

were

34:11

in 2019?

34:13

>> Of course they do.

34:14

>> And what should someone do that is

34:18

looking to earn the respect? some

34:20

someone that feels like they're

34:21

continually disrespected. There's

34:22

something about them. There's something

34:23

in the way they carry themselves that

34:26

what they continually feel like people

34:27

are disrespecting them. They might work

34:28

in a business or, you know, they might

34:30

be low down in a company or maybe

34:32

they're not. Maybe they're just someone

34:33

who's gone through the corporate world

34:34

and they're continually disrespected.

34:36

What would you say they should do to to

34:38

earn people's respect?

34:39

>> The first thing somebody has to do in

34:41

order to earn respect is to decide that

34:43

they would rather be respected than

34:45

liked. That trade-off is made too often.

34:49

We're in a situation when the right

34:51

respectful thing to do is unlikable. We

34:54

don't choose the right respectable thing

34:56

to do. We prioritize being liked. And so

34:59

when you make that decision to be

35:02

respected and to not prioritize what

35:06

everybody thinks about you, you can then

35:08

transition into the second step, which

35:10

is you have to get stats in the area

35:12

that you want respect in. If you're low

35:14

in an organization or you have different

35:17

people around you who don't respect you

35:19

for a variety of different reasons, what

35:21

is the area of your expertise that is

35:23

undeniable?

35:24

It's proof. It exists in the physical

35:27

universe. It's not just because you had

35:28

an idea or you think you can be an

35:29

entrepreneur or you'd like to be someone

35:32

who gives people relationship advice.

35:35

I'm sorry, but if you're not in a

35:36

relationship and you don't have a stat

35:38

of being able to have a good

35:40

relationship and you can't have a spouse

35:42

that's like, "Wow, this person's great.

35:45

I love being around this person." You

35:46

probably shouldn't be giving that advice

35:47

and that's why you don't have respect in

35:49

that area. So, I don't think respect is

35:52

a overall life respect. You need to have

35:55

respect in the different compartments.

35:58

It's not just Steven is a respectable

36:00

person altogether. That's that's a

36:02

facade to me. You might not be

36:04

respectable in certain areas. I maybe

36:05

shouldn't respect you in certain areas

36:07

of your life,

36:08

>> but other areas, I would think areas

36:10

that you've prioritized, you're

36:12

incredibly respectable in, and you've

36:15

prioritized getting stats and proof in

36:17

those areas to earn people's respect

36:20

whether they like you or not, because

36:22

you have something to prove for it.

36:23

>> Has that been a journey for you, this

36:24

idea of caring less about being liked?

36:27

Because you talked about that earlier as

36:28

being really central to your sort of

36:30

early 20ies, etc. It was so hard for me

36:32

to not want to be liked. I had a mom

36:35

growing up who was a medical doctor and

36:38

just was the world's most sweet, kind,

36:42

thoughtful person. She would sit down at

36:44

a party and every single person in that

36:46

room loved her immediately that she just

36:49

had this aura about her. And so I

36:52

watched my mom growing up as a role

36:54

model and somebody who still to me today

36:57

is a role model. and she really

36:59

emphasized how important it is to ask

37:02

great questions and to be engaged with

37:05

other people. And what I lost in that

37:08

process is well, if I'm always asking

37:12

other people and and trying to get other

37:14

people to like me and it's always that

37:16

flow, like what do I actually think

37:19

about myself because I'm so focused on

37:21

over accommodating others? And so if

37:24

you're trying to flip this for yourself,

37:26

you're trying to go from I overindex on

37:31

being liked and not so overindexed on

37:34

being respectable and liking what I

37:37

think about myself. You really have to

37:39

go out to your three-year version of

37:42

yourself and your 5-year version of

37:44

yourself because no one is going to get

37:45

clear on that for you besides you. And

37:49

once you put that stake in the ground

37:51

saying, "This is what I want to be known

37:52

for. this is who I want to become. This

37:54

is who I imagine myself being. This

37:56

isn't a manifestation practice. It's a

37:59

I'm going to decide who that person is.

38:01

And then I'm going to like myself at 20,

38:04

at 30, at 70 because I'm acting in

38:07

accordance with the way that I view

38:08

myself in the future and I'm going to

38:10

become the person that I want to be.

38:13

>> Have you found that you've had to

38:14

reinforce and protect your boundaries in

38:18

order to earn that respect? Do you find

38:20

that people try and test you? Of course

38:22

they do. I work with hundreds of team

38:24

members every single day who have their

38:28

own points of view and their own

38:30

perspectives on what they want the work

38:32

to look like, what they want our culture

38:34

to look like. And I think I've had to

38:37

wrestle with this so much because I want

38:40

to create an environment where people

38:42

can be successful. My definition of

38:44

leadership is making other people's

38:46

success easy. So, if I'm going to be a

38:49

leader, I'm going to make other people's

38:51

success easy. How would I go about doing

38:54

that? What type of environment would

38:55

they need to be in in order to actually

38:57

make their success easy compared to

38:59

their alternative, which is going down

39:01

the street and trusting that some other

39:02

leader is going to make them more

39:04

successful. And so, I really wrestle

39:07

with who I need to be and what the

39:09

boundaries are that I set for myself.

39:11

And one of the things I've gotten so

39:13

much criticism of uh online was when I

39:17

publicly shared a Tik Tok about firing

39:20

somebody because I found out that she

39:22

was cheating on her significant other

39:24

and the other person also had a

39:26

significant other. And as soon as I

39:27

found out about it, I terminated both of

39:29

them immediately. And it's so shocking

39:32

to people that

39:33

>> Wait, someone was cheating with someone

39:34

in the company?

39:35

>> Yeah.

39:36

>> Oh, and they both had partners outside

39:38

of the company.

39:38

>> Both had partners outside of the

39:39

company. As soon as I caught wind of it,

39:41

it wasn't even like a a split-second

39:45

decision. Well, I guess it technically

39:46

was a split-second decision. Was like, I

39:48

can't have this in my environment,

39:50

especially somebody close around me.

39:52

People trust me and should trust any

39:55

leader to help them make their success

39:57

easy. Am I making people's success easy

40:00

by putting inside that environment

40:03

people who are going to erode the values

40:07

of the group? No. Success for most

40:10

people isn't getting a divorce from

40:11

their significant other. Success for

40:13

most people looks like figuring out how

40:15

to have the success in their

40:18

professional lives and in their

40:19

financial lives while also being able to

40:21

have a spouse. I wouldn't want my

40:24

husband going out to work and being in

40:26

an environment where the company was

40:28

just fine with people cheating on each

40:30

other, lying to each other, and not

40:32

having a code of ethics, doing drugs.

40:34

Like none of that is something that I

40:36

want inside my environment cuz it's my

40:38

job to make people's success easy.

40:40

>> One would say that's none of your

40:42

business what they're doing when they go

40:43

home.

40:44

>> It is my business first of all because

40:46

it was with each other.

40:48

>> Yeah. But they're not doing it at work.

40:51

>> Well, there was a not to get into

40:54

specifics of the particular event, but

40:56

it happened to be around work related.

40:58

>> But but if it wasn't at work, you still

41:00

>> even if it was, I would fire the person

41:02

immediately.

41:02

>> So you'd fire someone for cheating.

41:03

Absolutely. On their

41:04

>> partner. Absolutely.

41:06

>> I can't have cheaters. If they're going

41:07

to cheat on the person that they're

41:08

supposed to spend the rest of their life

41:09

with, do you think that they're cheating

41:10

on their work?

41:11

>> Do you think that they're going to cheat

41:12

on our clients? Do you think that

41:14

they're going to have the ethics and

41:15

morals and judgment to not be so

41:17

distracted with their own personal

41:19

ethics situation that they can actually

41:20

focus and do a good job? That person in

41:22

any environment is a liability to the

41:25

environment. It's a complete liability.

41:27

Some people have, you know, things in

41:30

their personal life which are very

41:32

different to the way that they show up

41:34

professionally. Though people people do

41:35

all kinds of things in their personal

41:36

life.

41:36

>> It's terrifying

41:38

>> cuz listen, the way that I see it is if

41:40

I expand the scope of my uh [laughter]

41:44

concerns,

41:45

>> I'm going to get [ __ ] nothing done.

41:46

>> Mhm. So if I start, you know, going into

41:49

who they who they at home with and in

41:52

bed with and what's going on in their

41:53

personal life, unless they bring it to

41:54

me, obviously when you're the founder or

41:55

the CEO, people bring you stuff and they

41:57

say, "Look, this is going to impact my

41:58

work."

41:59

>> But um I, you know, boundary, I don't

42:02

want to be I don't want to be the

42:04

government of your [ __ ] personal

42:06

situations as well, as long as it

42:07

doesn't show up in the office.

42:08

>> Mhm.

42:09

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43:08

If I'm thinking of starting a business

43:10

in 2025,

43:13

you know, you've spoken to thousands and

43:14

thousands and thousands of business

43:16

owners online, probably many millions of

43:18

business owners.

43:21

When we think about that initial period

43:22

of like coming up with the idea and

43:24

picking what to work on. Is there any

43:26

advice you would give people based on

43:28

the success and failure you've seen

43:29

about what they should aim at, what they

43:30

should work on, especially in the

43:32

context of like 2025 when so much in the

43:34

world is changing so quickly?

43:36

>> If they could use the frame, if any

43:40

business owner or potential business

43:42

owner could think about starting a

43:44

business from the standpoint of where is

43:46

there the greatest chance for me to be

43:49

successful, that is the best frame to

43:51

use. Unfortunately, most do not use that

43:54

frame and they base it off of their

43:55

existing experience and the skills that

43:57

they have. If it was not based off of

44:00

existing experience or skills that

44:01

somebody has, I think great AI is going

44:04

to be the great leveler because nobody

44:08

has a lot of experience in AI. Nobody

44:11

knows in small businesses across America

44:13

how to hook up automations and start

44:15

working with assistants to be able to

44:17

put small businesses onto a CRM system

44:21

or an operating system that connects to

44:23

their financial software that allows the

44:25

business owner to make great decisions.

44:26

No one has done this at scale because it

44:28

didn't exist. And so if I was starting a

44:31

business in 2025, I would absolutely

44:33

look at how do I help business owners

44:35

who have an infinite budget for things

44:37

that actually work to make them more

44:39

money solve problems that are real to

44:41

them. And the problems that are real to

44:43

the 35 million business owners in the

44:45

United States of America is that they

44:47

don't know how to use AI. they are

44:49

terrified of AI and they're going to

44:52

either put their head in the sand or

44:55

assume that somebody who is young is

44:57

going to create the solution for them

44:59

when somebody instead who is experienced

45:02

could have a eight maybe even a nine

45:06

figure business over the course of the

45:08

next 18 to 24 months really figuring out

45:11

how to help solve these problems because

45:13

it makes the business owner to that

45:16

business incredibly sticky. the customer

45:19

is always going to be there and they

45:20

would be on the front end of something

45:21

that nobody has experience in.

45:23

>> So do you think a lot about this the

45:25

speed in which that market is growing

45:26

when you think about where to set up

45:28

shop and start a business?

45:30

>> Of course the market growth is

45:33

everything because if you want to start

45:35

a paper business in 2025, you would have

45:40

to be the best paper business and really

45:43

have a unique positioning to make that

45:46

successful. when you could do something

45:49

less well and be much more successful

45:52

because there's just more opportunity in

45:53

the growth and there's less players in

45:55

markets. So the growth allows for

45:57

innovation, the growth allows for new

46:00

entrance and as I mentioned with AI, uh

46:04

there's just an unprecedented

46:06

opportunity in front of people right

46:07

now. But I'm also very excited about

46:09

service-based businesses, roofers,

46:12

plumbers, electricians,

46:14

HVAC, all of those businesses.

46:17

The core of the business doesn't get

46:19

disrupted by AI until robots. But those

46:23

business operations are ripe for

46:27

somebody to come in, I don't care if

46:29

you're 15 years old or if you're 50

46:31

years old, and get paid tens of

46:33

thousands of dollars per client to

46:36

implement very simple solutions that

46:39

really do solve problems for those

46:40

businesses

46:42

>> using AI.

46:43

>> Using AI.

46:44

>> Yeah. I've heard you talk about when you

46:45

described the six most profitable

46:47

businesses that you think will be around

46:48

in 2026. We've talked about AI

46:51

businesses, talked about home services.

46:52

The other one was hybrid wellness clubs.

46:54

>> Mhm.

46:55

>> Why is why is health such a a big

46:57

predict prediction for you in terms of

46:59

profitability and a good place to set up

47:01

shop?

47:01

>> There's growth in the health space after

47:04

co the whole world changed and their

47:06

priorities changed as it relates to

47:07

health. the statistics I read recently

47:10

about alcohol sales connected to like

47:13

nightclubs, it's just it's not what it

47:15

used to be because instead of wanting to

47:17

go out late and party and do all sorts

47:19

of things, people are actually

47:20

prioritizing their health and providing

47:23

them with solutions for optimizing their

47:26

health is just it's continued to grow

47:29

for ever since co and it's going to

47:32

continue to grow with different types of

47:35

amenities at gyms with different types

47:38

of technology that people are inserting

47:40

into what a traditional I one time I

47:43

recently went to a a facial, my favorite

47:46

thing, my hobby. I went to get a

47:49

60-minute facial and they integrated IV

47:52

services into that facial experience.

47:55

Well, what else could you do that allows

47:57

somebody who is sitting in a chair for

48:00

60 minutes to add revenue to that

48:04

business that's connected to their

48:05

health and well-being? Those types of

48:07

innovations are happening in small

48:09

markets all across the world.

48:11

>> And why did you say in that video pet

48:13

care?

48:14

>> People love their pets and people will

48:15

spend money on their pets. People will

48:17

spend more money on their pets than

48:18

they'll spend on their kids and then

48:20

they'll spend on themselves. I mean, if

48:23

somebody has a dog, I recently talked to

48:26

somebody who told me that she was doing

48:29

Reiki with her 12 dogs. I mean, it's

48:33

just the the level of interest that

48:36

people have in taking care of their

48:37

pets. I think what's happened in that

48:38

market place specifically is as business

48:41

owners and high-income earners make more

48:45

money and they do have these pets, these

48:48

things that are dependent upon them that

48:50

aren't yet children. They want to spend

48:53

their discretionary income on making

48:56

that pooch that is their new best friend

49:01

phto comfortable

49:03

making him be well through all sorts of

49:07

offerings because I feel bad and it can

49:10

actually pay off my guilt by providing

49:13

phto with a caretaker and nail polish

49:18

and

49:19

EMF, you know, therapy.

49:23

And the other the other thing that I I

49:25

think is particularly pertinent to the

49:26

experience you've had is um so many

49:28

small business owners will come up to me

49:29

and say that they are

49:33

they won't say it like this but what

49:34

they're describing is that they're a

49:36

bottleneck in their own business.

49:37

>> They're at maybe I don't know a million

49:38

in revenue. I mean most people that come

49:40

up to me say this exact same thing.

49:42

They've reached about a million in

49:43

revenue in total and they don't know how

49:45

to scale beyond their typically like

49:48

service based businesses where someone's

49:49

doing a service for a client. And uh

49:52

what would you what do you say to those

49:54

people when you've encountered them in

49:55

your your company?

49:57

>> Welcome to being an entrepreneur. This

50:00

is not a unique set of challenges. This

50:02

is an expected set of challenges. The

50:04

statistics show that the challenges that

50:07

business owners face at that break point

50:11

of taking what they are doing that is

50:13

working and transitioning that to having

50:17

other people help them is part of the

50:20

process. And so there is nothing wrong

50:22

with this business owner. It's just that

50:24

they don't technically know how to train

50:26

somebody to do what they do well that

50:29

then allows the business owner to focus

50:31

on the business owner's primary role.

50:32

And that primary role should be to

50:34

generate revenue. It shouldn't be the

50:36

dentist being in the person's mouth. You

50:39

cannot have 12 dental clinics and still

50:41

be the person that is helping the person

50:44

floss and making sure that they are

50:46

flossing. Right? Mostly hygienists help

50:48

dentists with that. But you have to get

50:50

out of the doing of your business and

50:54

you have to get into the scaling of the

50:56

operations of your business. And those

50:57

are just skills that you don't currently

50:59

have.

50:59

>> And what is that skill? What is the core

51:01

skill there? It's a tactical skill. And

51:04

the skill is opening up their calendar,

51:07

looking at what they do every single

51:08

day, duplicating through process

51:12

creation what it is that they do that

51:14

makes them a special snowflake in their

51:16

mind. Because every business owner

51:18

thinks that they are the only person

51:19

that can talk to their customer. They're

51:21

the only person that their clients will

51:22

listen to. Nobody is ever going to be

51:24

able to service their patient like them.

51:26

That's what they think. And so they

51:27

create those conditions instead of

51:28

saying, "No, I'm going to objectively

51:30

look at where I spend my time. And out

51:32

of all of the things that I do across a

51:34

50-hour work week, there are specific

51:37

things that are not the highest value

51:39

for me to continue to do, but I would

51:41

have to train somebody how to do that

51:43

thing flawlessly." It is not about

51:46

hiring somebody who's going to know how

51:48

to do that thing. That's where they fail

51:50

and then they lose confidence because

51:52

they think some magical unicorn employee

51:54

is just going to come into their lives

51:56

and take this thing that only know they

51:58

know how to do and actually be able to

52:00

do it. Of course, they can't. So, it's

52:02

this reinforcing thought that they have

52:04

instead of structuring it to say out of

52:07

these things, these are the specific

52:09

parts of the business that I want to

52:10

remove off of my plate so that in 3

52:12

months from now, I do not touch these

52:14

processes. In order to do that, I'm

52:16

going to document what I do. Ideally

52:19

using a framework like vision,

52:21

commitment, execution so that it doesn't

52:23

just get reduced down to steps, but so

52:26

that team members can understand the why

52:28

behind it, what the organization is

52:30

committed to, what the team member needs

52:31

to commit back to, and then actually

52:33

execute on whatever that process is. And

52:36

instead of just handing that person

52:38

those items in an onboarding and maybe

52:42

never checking it again, you're going to

52:43

go through a four-step process. First,

52:45

you're going to tell the person what

52:47

they're supposed to do, aka the process.

52:49

Ideally, then you show them what they're

52:51

supposed to do so that they can see how

52:53

this applies in real life. It's not just

52:55

something on a document. Then you're

52:58

going to let them do that thing. And you

53:01

are going to coach them and provide them

53:03

feedback on doing that thing. So when

53:05

you can see that you've properly trained

53:07

somebody and you've switched your

53:10

mindset from just assuming that adults

53:12

learn the same way that we used to learn

53:14

when we were children, which is just by

53:16

picking it up and figuring it out.

53:18

You're going to give them a full

53:19

structure, tell me, show me, let me

53:21

coach me on the most important things

53:23

that they need to be onboarded with. And

53:25

then you are going to actually measure

53:26

that they're able to do those things in

53:28

the way that you were able to do that so

53:30

that that role inside your business is

53:32

handled. And then you just do that over

53:34

and over and over again.

53:36

>> So often when people are having this

53:38

conversation with me about this, they

53:41

say, "Oh, I tried that and I brought

53:42

someone in and they [ __ ] up and and so

53:45

yeah, I'm not I'm just going to do it

53:47

myself." That's like the rebuttal that I

53:48

always get. It's always people saying,

53:49

"Well, I tried that. I trusted someone.

53:51

They [ __ ] me over. So that doesn't

53:53

work."

53:54

>> What responsibility can they take in the

53:56

interview process? What responsibility

53:58

can they take in the onboarding process?

54:00

Did they actually show that person what

54:02

they were supposed to do? Did they

54:03

ensure that the person knew what to do?

54:05

>> Do you think most people are bad at

54:06

hiring?

54:07

>> Of course they are. People are terrible

54:08

at hiring.

54:09

>> Where do they go wrong? Like what are

54:10

the biases that they that end up

54:12

consuming that process that make them

54:14

make a bad decision?

54:15

>> I don't think they really understand

54:16

what the work is that they're trying to

54:18

get that person to do. So they Google a

54:20

job description or they chat GPT or use

54:24

Grock to put a job description that

54:25

isn't actually connected to the real

54:27

outcomes in the role. I can imagine if

54:29

you posted for a marketing position

54:31

inside your business. For you, marketing

54:33

looks like lots of different things.

54:35

Yeah. For the average business owner,

54:37

I'm just going to I need somebody to

54:38

help me with marketing.

54:39

>> They don't even know what they're hiring

54:40

for. Yeah.

54:41

>> No. So then the person comes in with a

54:43

certain set of experiences and they are

54:45

going to drive based off of their

54:47

experiences whatever they think the

54:49

outcomes are for their role inside that

54:50

business because the owner never took

54:52

the responsibility to say this is how

54:54

I'm going to objectively measure. Was

54:56

this person successful based off of the

54:57

fact that the marketing that we do for

55:00

our plumbing business that's doing

55:01

$800,000 of revenue is actually email

55:04

marketing?

55:04

>> So, what if I don't know the right type

55:06

of marketing? Cuz I'm a plumber. I don't

55:08

know about [ __ ] marketing. So, I'm

55:10

going to be very easily duped by someone

55:12

that tells me that they know marketing.

55:14

What do I do to

55:17

minimize the probability of me being

55:18

duped?

55:20

Well, the good news is if you are a

55:22

plumber currently and you're doing,

55:24

let's say, $800,000 of revenue, you

55:26

figured out marketing for $800,000 of

55:28

revenue. So, the first thing in order to

55:31

not be duped would be ensuring that the

55:33

person that you're bringing on can at

55:34

least do what you are doing and they can

55:37

duplicate what you are doing. Now, once

55:39

they've demonstrated to you that they

55:40

can take on those tasks for that

55:42

800,000, they are competent. They

55:45

understand the business. They understand

55:46

who your customer is because you forced

55:48

them to. because you documented what you

55:50

did did to get the first 800 and maybe

55:51

that's even referrals. Great. What is

55:53

your referral process and how then once

55:55

they've been able to master what you

55:58

created a model for? I like to call this

56:01

the four M's. Model, mimic, master,

56:03

multiply. The business owner can first

56:06

create the model of what they are doing

56:08

today that's generating the $800,000 of

56:10

revenue in their plumbing business. I

56:12

take a model. I have the model. This is

56:14

what we are doing for email marketing

56:16

inside our business. Then I move into

56:19

seeing if they can mimic what is the

56:22

behavior to then move into mastering it.

56:26

And once somebody is at mastering

56:28

something inside a plumbing business for

56:31

$800,000 a year that it's generating,

56:34

they can then start to tweak and add

56:36

things and and maybe we're going to also

56:38

try one other thing. We're going to try

56:40

Instagram marketing because we know that

56:42

our plumbing clients are on Instagram

56:45

and we're going to have this strategy

56:46

here. So now I'm going to be able to add

56:49

to that. At which point when a team

56:51

member can go through those first three

56:52

M's, model, mimic, master, then they're

56:55

in a position to multiply their role.

56:58

Because if they really did master

57:01

something, the results would show that

57:03

to indicate that the business is ready

57:05

for them to add potentially a marketing

57:07

coordinator underneath the marketing

57:09

manager that can then go through those

57:12

first three steps of the process. while

57:14

the team member who was once responsible

57:17

for those things is no longer doing

57:19

those things but is being additive to

57:21

additional types of marketing inside

57:23

that business. The the other thing that

57:25

I often wonder is if people aim too low

57:28

with talent, especially like earlier

57:30

stage founders, they tend they tend

57:32

there tends to be a bit of insecurity

57:33

there and they don't want

57:36

someone to come in and tell them what to

57:38

do in a particular domain

57:40

>> because I think the further I've got in

57:43

my career, the more I've sought out

57:44

people that are like significantly

57:45

smarter than me and I see that as the

57:46

game. But in the early innings of my

57:48

career, I think I was

57:51

hiring people I could manage.

57:54

Do you think you weren't as successful

57:56

when you were hiring people you could

57:57

manage

57:57

>> 100%?

57:58

>> Because now you're able to bring on

58:00

talent to help you bring on whole new

58:03

lines of revenue, whole new

58:05

partnerships, business opportunities,

58:07

manage those things.

58:10

>> Yeah. In the early innings of my career,

58:12

I was particularly aiming at young

58:14

people that were like my age or younger

58:16

cuz I was what I was what 20. So, I'm

58:18

like, how how the hell am I going to

58:20

bring in a 45-year-old that's been doing

58:21

this for 25 years and get and and be

58:24

able to tell them anything, which is

58:26

what which was the fault in my thinking

58:28

cuz I thought my job was to tell them

58:29

what to do and to give them the vision

58:31

and but actually as I I think got more

58:33

secure in myself, I realized that the

58:34

game is the inverse, which is try and

58:36

find truly exceptional people that know

58:38

things I don't know and create the

58:40

conditions where their knowledge is adds

58:43

to the hive mind of the decisions of

58:45

this organization.

58:47

And actually that's what we need. We

58:48

need new thinking, new experiences.

58:51

>> I think that's important once you reach

58:54

$30 million of revenue. But until you as

58:57

the founder

58:59

can generate something that you can

59:02

prove works and you can replicate what

59:05

works, you open yourself up to

59:08

significant risk. And the stats show it.

59:12

the the majority of businesses, 97% of

59:14

businesses fail within 10 years. So by

59:19

trusting or thinking that you're going

59:20

to bring on somebody who's smarter than

59:22

you, you're not actually taking on your

59:24

role to say this is what I want to

59:26

build. This is what I've built so far.

59:28

before you will be additive to this

59:30

environment, I need to make sure that

59:32

what we have built so far, the $800,000

59:34

of revenue, the $2 million of revenue,

59:36

the $10 million of revenue, I need to

59:39

first make sure that you can do that.

59:41

>> Because if you can't do that, and we

59:43

can't duplicate what we're already doing

59:46

that works well, we don't know what is

59:49

the right idea to bring in because there

59:50

isn't a a core understanding of what

59:53

makes this business run today. And the

59:55

last thing that you want to do is bring

59:56

on a leader. Let's say your business is

59:58

doing $10 million of revenue and you

60:00

think that there's somebody out there

60:01

that is smarter than you who's going to

60:02

entirely change your sales process.

60:05

Maybe you weren't the best salesperson.

60:06

You hired a salesperson on very early.

60:08

They've tapped out in their ability to

60:10

add additional salespeople and really

60:11

properly run a sales team. Well, as soon

60:14

as that's happened and you're going to

60:15

bring on this external person, it would

60:17

be great if they could add $20 million

60:20

of revenue. But if it's through some

60:22

different product and different service

60:24

and different way that disrupts what got

60:27

you to 10 million, you're not at 10

60:29

million any longer. You're at 8 million

60:32

or 7 million. And there's real slipbacks

60:34

that happen. And to me, that's more of

60:36

the reality that I see, which is the

60:37

slipback because the business owner

60:40

doesn't know enough about the core parts

60:42

of the business to decide how the

60:44

business is run, what the core offer is

60:46

to have the confidence to then bring on

60:48

people who are additive that can't break

60:50

the business.

60:51

So you think we you should approach with

60:53

caution because there's risk associated

60:54

with on boarding people that might be

60:56

expensive and um

61:00

know too much about I guess be I guess

61:03

it goes back to being duped be able to

61:05

dup you by you not fully understanding

61:07

what they're saying and what they know

61:09

>> and they can't dup you if you know what

61:12

you are already doing. If you're really

61:14

willing to model what is currently being

61:17

done and they are willing to be humble

61:20

enough to come into your environment and

61:22

learn the reasons why. This doesn't have

61:24

to take years. This can take a handful

61:26

of months. I'm not talking about like

61:28

stifling innovation for quarters and

61:30

quarters or years and years to make sure

61:32

that they like really are indoctrinated

61:34

with the way that the organization

61:35

works. Absolutely not. That wouldn't

61:37

work. The way you have to do it is

61:39

quickly assessing that they understand

61:42

the way the things work inside your

61:43

current business. We just recently

61:44

brought on a new seauite um within the

61:47

first handful of weeks. I can tell that

61:50

he's picking up on what our core

61:51

business has does. And if I didn't think

61:54

that, it would be hard for me to trust

61:56

some of his recommendations because I

61:58

brought on a seuite team member earlier

62:00

this year who had all these fanciful

62:03

ideas and this, you know, the the big

62:05

names and you think that they're going

62:07

to bring on all these things, but they

62:09

can't actually contextualize what their

62:11

experience is to the core business

62:13

because they don't understand the core

62:14

business. And then it ends up

62:16

disenfranchising the team members that

62:17

they're responsible for working with.

62:19

And I have seen more often than not that

62:22

trusting too early on without that

62:25

founder getting the necessary skills

62:27

ends up in the luck scenario instead of

62:31

this was a strategy because I knew and

62:33

had certainty about what was going on

62:34

and I'm good with what my four walls

62:36

are. This is what you are going to

62:38

bring. That is incredibly additive to

62:40

that core business. But that rigor and

62:42

that discipline has to be there from the

62:44

founder first.

62:45

>> It's interesting. Yeah, it's really

62:46

interesting. And I think part of my bias

62:49

is because I've been there before. I

62:50

would never start a new business now

62:53

without aiming extremely high with the

62:55

talent. But that's actually because I'm

62:57

harder to dup now. So if you have to pay

62:59

someone a huge salary for example and

63:01

give them a huge package whatever

63:03

>> I'm better able to assess whether they

63:05

are worth it and what their ROI is going

63:07

to be versus the start of my career

63:08

where hiring someone on and taking such

63:11

a big risk on someone I didn't have

63:13

enough data to understand if I was being

63:15

duped or not. So it was a lot of faith

63:17

and trust and well they worked at this

63:20

incredible company so they must be good

63:22

and I've also seen that completely

63:24

backfire as well. um you talk about

63:26

these 10 steps to becoming a millionaire

63:27

in a video that you made uh in December

63:30

in 24 and there are a couple of things

63:32

that I wanted to to pull out here. So

63:34

you outline out outline this 10-step

63:36

process to becoming a millionaire within

63:37

a year and one of them is researching

63:40

what jobs millionaires have.

63:42

Then rate your interest and skills in

63:44

each and pick one to master.

63:47

The other one is cut out friends who

63:48

drain energy or don't stop your goals.

63:51

Study the 10 most successful people in

63:53

your field through podcast, videos, and

63:55

books.

63:58

Use every moment to build skills. Follow

64:00

only millionaires on social media and

64:01

eliminate all distractions such as

64:03

Netflix and doom scrolling.

64:06

Be willing to invest and go into debt

64:10

as without investment knowledge, you

64:11

will stay broke.

64:14

Attend events with successful people.

64:17

Research you'll be attending. Master

64:19

selling yourself, your customers, and

64:21

your team members daily.

64:24

On this point of selling, is there

64:26

anything on this subject of how to be a

64:28

great salesperson that we haven't talked

64:30

about that you think is important?

64:33

Whether it's selling yourself or selling

64:34

your ideas or selling your business or

64:37

>> one of my favorite quotes from Grant

64:39

Cardone, to the extent you are sold, you

64:43

will sell.

64:45

>> Oh, okay. So to the extent in which you

64:47

believe something is the extent you'll

64:49

be able to make others believe in the

64:50

thing.

64:51

>> Mhm. So if you're not sold on yourself,

64:53

on your business idea, on the product

64:55

that you're selling for the company that

64:57

you work for, on getting another

64:59

department to work crossunctionally with

65:01

you, if you aren't really sold on that,

65:03

you will not sell. But I think it goes a

65:06

layer deeper than that often times

65:09

because

65:11

it's easy to look at I'm not selling the

65:13

product inside my business. Maybe I'm a

65:16

team member. I'm in sales and I'm not

65:19

hitting my quota this month of cars that

65:20

I'm supposed to sell. And I'm like,

65:22

well, like I don't really feel good

65:25

about the fact that I sell cars. Like I

65:27

this car is a piece of crap. Of course,

65:29

I'm not selling the car. And you can get

65:30

very critical of the thing and

65:33

rationalize why you are not good at

65:35

sales. But if you really do take a step

65:38

back, why did you choose to sell cars in

65:42

the first place? Why is that the thing

65:45

that you said, I'm going to spend my

65:48

time and energy being sold on? You could

65:50

have chosen lots of other opportunities.

65:52

and you actually being sold on the PR

65:55

firm that you wanted to work at instead

65:57

of taking the sales job that you got and

65:59

not confronting the PR rejection that

66:02

you got landed you in this place where

66:04

you're unsold and then you're critical

66:05

of your environment and you're critical

66:07

of the product and then you think you're

66:08

not good at sales when really you just

66:11

needed to go back to that thing that you

66:12

were actually sold on because you sold

66:14

yourself on why you thought for you that

66:16

was your opportunity. then you just

66:18

missed the target and instead of being

66:20

unreasonable about the target, you

66:22

became reasonable and started selling

66:24

something you didn't believe in and then

66:25

you think that you're not good at sales.

66:27

And so the reasonleness

66:29

in yourself in what you want to be doing

66:33

is actually why I find that salespeople

66:35

can't sell. It's not about their

66:37

inherent skills. If I can get them sold

66:39

on the product, of course I'm going to

66:40

get them sold on the product. I help

66:42

business owners across the country get

66:44

sold on getting their team members to

66:45

sell roofs. I believe that somebody

66:48

knocking on the door and selling roofs

66:50

is the most important thing for that

66:51

team member. I am sold on the fact that

66:53

they're working for a roofer who cares

66:55

about them. So, I'm like, "Hell yeah,

66:57

let's get on the roof." I've was on a

67:00

roof about a month ago and then was on

67:02

another roof two months ago cuz I

67:03

literally helped these business owners

67:04

train their sales team members to sell

67:07

roofs. And these sales team members

67:09

aren't naturally interested in roofs.

67:10

They didn't wake up one day and thinking

67:12

like, "My life's dream is to sell a

67:13

roof." But what are they sold on?

67:15

They're sold on the opportunity to

67:16

potentially join this roofing company to

67:18

go from one location to two locations,

67:22

three locations, five locations because

67:23

the business owner has created that

67:25

vision for them and the salesperson can

67:27

sell themselves on the skills that they

67:30

have to understand how to sell a roof.

67:33

Maybe not the sexiest thing, but that's

67:35

a stepping stone in order to be a future

67:37

expansion partner with this business

67:39

owner because this opportunity exists.

67:41

So, how do I sell a roof? If I'm on that

67:43

roof with you and you're trying to train

67:45

me to sell the roof better,

67:47

>> how what are you saying to me is

67:49

>> Well, ideally, you're knocking on the

67:50

door of the homeowner.

67:51

>> Okay. I knock on the door.

67:53

>> You knock on the door.

67:54

>> Yeah.

67:54

>> And you go through if there was a storm.

67:56

There's all sorts of ways that you can

67:57

sell roofs, but let's say that there was

67:58

a storm nearby or recently that hit that

68:01

area and you could go the easier route,

68:04

which is going through insurance because

68:05

that roof is completely then paid for.

68:08

But then you'd need to go up on the roof

68:09

and or use a drone to look at the real

68:12

damage because that in and of itself is

68:15

a sales skill. Somebody going up and

68:18

pointing out the problem that that

68:20

person has that they do not know in that

68:22

moment that they have helps the person

68:24

feel confident in selling that roof. So,

68:27

it's just as much a part of a process to

68:29

go walk the roof or to fly a drone over

68:32

that roof to see the damage as it is a

68:34

selling mechanism for the salesperson

68:35

because you're not just selling somebody

68:37

a roof that doesn't need a roof. They

68:38

actually have a problem. And then you

68:40

would educate that sales individual on

68:42

the damage that that can do long term,

68:46

the value loss of that property. And if

68:48

you can sell the salesperson on why that

68:50

homeowner deserves to know that their

68:52

roof has something that insurance could

68:54

pay for that could get fixed for them

68:56

within a handful of weeks that doesn't

68:59

erode the biggest investment that that

69:01

person has likely made in their life,

69:02

their home. All of a sudden, I have an

69:04

army of salespeople who are interested

69:07

in selling roofs because they're sold

69:09

not just on the fact that it's a roof,

69:10

but the impact that that work makes on

69:12

the person that they're selling and

69:14

ideally the opportunity that they have

69:15

inside that company to be freaking great

69:18

at selling roofs.

69:19

>> So, you you pointed out the problem that

69:20

they have. You've then assigned a cost

69:23

to that problem, how much it's going to

69:25

cost them over the long term or short

69:26

term, and then you posed the solution,

69:29

which is to get the roof repaired. And I

69:32

guess you're trying to frame the

69:33

solution relative to the cost so that

69:35

the solution is not bigger or more

69:38

costly than the the cost of having a bad

69:41

roof.

69:43

Earlier on, you mentioned um this this

69:46

phrase which I've not heard before and

69:48

it was just before we started recording

69:49

you talked about a woman's wealth

69:51

transfer.

69:52

>> And when I asked you what was front of

69:53

mind for you at the moment, you

69:55

referenced that you were thinking a lot

69:56

about the women's wealth transfer. What

69:59

is this?

70:00

>> The women's wealth transfer. between

70:02

2025 and 2030 looks like just these are

70:07

US stats 10 trillion dollars are in the

70:11

hands of women right now and between now

70:13

and 2030 that number is going to go up

70:16

to $30 trillion.

70:18

So this wealth is going to balloon. And

70:22

when you think about the implications of

70:23

how this wealth transfer happens, it's

70:26

not just cash that is given to women all

70:30

of the sudden because they're making

70:31

more money. There's a transition because

70:34

of differences in life expectancy in

70:37

partners. A man and a woman, there's

70:38

about a on average

70:39

>> men are going to die first.

70:40

>> Yep. And it's about five and a half, six

70:43

years. So women are left with assets,

70:48

not cash, like homes, businesses,

70:52

portfolios, investments, bank accounts

70:55

that often times they were left out of

70:57

the conversation with the financial

70:58

adviser. And they don't actually know

71:01

how to operationalize, how to manage

71:02

because up until as recent as 50 years

71:06

ago, women weren't even allowed to open

71:09

bank accounts without their husband or

71:10

their father until that passed in the

71:12

80s. And so the wealth is actually

71:15

moving towards women. But women today

71:18

feel less financially able due to

71:23

content creation. There was recent study

71:25

done by a company called Elvest where

71:28

they analyze the amount of manifestation

71:31

content on the internet created by women

71:34

creators. There's 12 times as much

71:37

manifestation content from women

71:39

creators as there is investing and

71:42

equity content. Or 70% of women feel

71:45

more overwhelmed with financial

71:48

information after consuming the content

71:52

because it's a tip or trick or hack that

71:54

is being shared instead of a real system

71:57

and process for how do they take

71:59

something and systematize or

72:01

operationalize this business that has

72:03

equity. But then there's trucks maybe

72:05

that they're inheriting. Then there's

72:06

debt on this business. And it's just a

72:09

brand new conversation. And as women get

72:12

more financially literate, as they get

72:14

more financial opportunities, there have

72:17

to be more ways for them to be in these

72:20

conversations. They have there have to

72:21

be more ways for them to understand how

72:24

to navigate what opportunities didn't

72:27

exist structurally even up until as

72:30

recent as 20, 30 years ago. And so I'm

72:32

passionate about this because I see this

72:34

incredible time where

72:38

I help people every day understand how

72:42

to grow businesses and be competent in

72:44

businesses. So as the total wealth

72:47

transfer takes place over the next 20

72:50

years from baby boomers to the next

72:52

generation, that total wealth transfer

72:54

is about $124 trillion.

72:57

How do I equip women to feel confident

73:01

with the decisions that they're making,

73:03

to not just fire their financial

73:06

advisor, which 70% of them do after

73:08

their spouse dies within the first year,

73:11

and actually know before this

73:14

catastrophic event takes place, how they

73:18

control the money, how they feel

73:20

confident with the money. So that once

73:22

they have it, it is not in moments of

73:25

panic and stress and frustration that

73:27

they are having to figure these things

73:28

out. They already feel like they are

73:30

equipped with conversations about what

73:32

is a P&L and how do I understand what's

73:36

happening with my 401k and still some of

73:38

these concepts are just out of sight,

73:42

out of mind and traditionally held by

73:44

male roles in a household. So what would

73:47

you recommend people do who find

73:49

themselves in that situation where

73:50

they're they are financially illiterate?

73:52

You used the word earlier on financial

73:53

crisis.

73:54

>> Is that dovetailing into the same thing?

73:56

Is that because people is that the

73:57

financial illiteracy point?

74:00

>> You say financial crisis

74:01

>> for me the financial crisis is how few

74:02

people are actually making enough money

74:04

to make ends meet. The financial crisis

74:07

is that there are so many businesses, 35

74:11

million in the US alone, and yet less

74:14

than 200,000 make more than a million

74:17

dollars. And if less than 200,000 make a

74:21

million over a million dollars, and the

74:23

average margin of a business is 8.5%,

74:26

you just you you're circling the drain

74:28

as to how much money people are actually

74:30

making. It seems like there's so much

74:32

money because of social media. And there

74:35

are team members who work in

74:36

organizations that make more than

74:38

$60,000 a year, but people are actually

74:41

making less money than I think society

74:44

believes because of the proliferation of

74:46

content creation. And so this crisis to

74:48

me is has much more to do with how do we

74:50

get people skills that they need with

74:53

our life expectancy in total looking

74:56

like it's going to be longer based off

74:58

of the different treatments that are

75:00

coming out due to AI in healthcare in

75:03

genomics.

75:04

>> What do you think is the most important

75:06

financial information the average person

75:07

needs in this regard?

75:09

>> I think the most important financial

75:11

information is actually that money

75:13

matters. And if money matters, how are

75:16

you spending your time today, tomorrow,

75:20

the next day to get skills and to do

75:23

things that generate money? And if you

75:25

can align your time with making more

75:27

money instead of thinking that it's some

75:29

fixed resource or there is some scarcity

75:31

around it, you could actually increase

75:33

the the top line because you can save

75:35

your way to the bottom, but you get to

75:39

the bottom. There's no abundance in the

75:41

in the bottom. So what are the skills?

75:45

Like if I was somebody that was trying

75:47

to earn more money today, I would go on

75:50

to one of the AI platforms and say this

75:53

is the set of skills that I have. These

75:56

are the set of interests that I have.

75:59

This is the current job that I hold,

76:01

what I do for work, and my goal is to

76:04

increase my income between now and 12

76:08

months from now by $100,000. what are

76:11

the specific skills and the associated

76:13

syllabus for each week if I carved out

76:16

two hours a day for me to learn that you

76:18

could put together for me so that I can

76:20

actually get skills that would

76:22

demonstrate that I'm able to make more

76:23

money. And I think that message is

76:25

missed when people talk about investing

76:28

and 401ks.

76:31

Sure, you can make your 6%, your 8%,

76:34

your 10%. But what can you actually

76:37

control? And what does every individual

76:38

have the ability to control? their

76:40

skills and how they exchange those

76:42

skills for problems that they are

76:45

solving in exchange earning more income

76:49

and then they're able to invest in and

76:51

do all of those other things. But those

76:52

things are ancilliary. They are not the

76:54

main thing. The main thing is you need

76:55

to get skills. You are going to live

76:57

longer. Wake up, smell the roses. The

77:00

world is going to be a very long place

77:02

that you are going to inhabit for the

77:04

next potentially hundred years on

77:06

average. So let's get comfortable with

77:09

learning more, understanding what our

77:11

stops are to learning so that we aren't

77:14

scared as the world changes of having to

77:16

acquire new skills. Before the Diary of

77:18

a CEO was what it is today, it was just

77:21

an idea. And it started with me, a cheap

77:23

plug-in microphone, and my Mac right

77:26

here. And I have to say when I first had

77:28

the idea for the diary of a CEO, my

77:29

thinking was that the world might want

77:31

to see into the diaries of some of the

77:33

most interesting, successful people

77:35

really in high places that were doing

77:37

interesting things. So after recording

77:39

that first episode under my duvet, I sat

77:41

on my Mac, which is from our sponsor

77:42

Apple, and spent hours editing and

77:44

eventually uploaded it. And honestly, I

77:46

thought that would probably be it. But a

77:48

couple of my friends said they enjoyed

77:50

it, so I kept on recording. And over

77:52

time, the microphone has changed and we

77:54

now have this incredible setup here. The

77:56

thing that has stayed the same is I'm

77:58

still using the Mac. Even today, my

78:01

entire team across our studio still uses

78:03

the Mac. Our first few episodes maybe

78:05

had tens of people listening, but now

78:08

tens of millions of people tune in all

78:09

over the world, which is still

78:10

absolutely crazy to me. So, if there is

78:13

an idea that keeps tapping you on the

78:14

shoulder, this is your sign to start.

78:16

Your great ideas start on Mac. And you

78:19

can find out more at apple.com/mac.

78:23

I did something at 24 years old that has

78:25

had a profound impact on my life. I set

78:27

myself the challenge of posting every

78:28

single day on my social media channels.

78:30

And at the time, I was doing it to grow

78:32

my following. But it had this profound

78:34

impact on my life. And two remarkable

78:36

things happened when I did that. I

78:38

managed to learn faster because every

78:39

single day, I'm capturing what is

78:41

happening to me and trying to distill it

78:43

down into something that I can share

78:44

with the world. But more remarkably, it

78:47

led me to building a following of many

78:49

millions of people. And that's the basis

78:50

that I used to launch the diary of a co.

78:52

And that's why I want to tell you about

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79:26

People love talking about passive

79:28

income,

79:28

>> especially on YouTube and the internet.

79:30

They everyone wants passive income. The

79:31

idea that you can make income and do

79:32

[ __ ] all is unbelievably compelling.

79:34

>> Yeah.

79:35

>> Like I would like some passive income.

79:36

>> What is the reality of this? Because

79:38

there's a real obsession with figuring

79:39

out ways to make passive income. I want

79:41

to earn money when I sleep.

79:43

>> Um what is the reality of that? Is that

79:45

is that a thing? Is that possible? Is

79:47

that something I should be aiming at?

79:48

>> You should aim at that. Once you have a

79:50

million dollars in your bank account

79:53

before you have a million dollars, don't

79:56

even think about passive income. You

79:58

have you have no asset to actually earn

80:00

passive income off of. And your time is

80:03

much better spent learning how do you

80:05

get your first million dollars than it

80:08

is through passive income and thinking

80:10

how you're going to earn a percentage on

80:12

the principle that you've invested. If

80:14

you make $60,000 a year, medium wage,

80:17

United States of America, if you make

80:19

$60,000 a year, 8% on that isn't gonna

80:22

get you to financial freedom. So, don't

80:25

figure out how to crack 8% to maybe I'm

80:28

going to get 15% returns because the

80:30

principle is still so small. The 60,000

80:32

is so small. What do you have to do?

80:35

Actually learn how do I make my income

80:37

160,000. But what's wild once people

80:40

learn how to do this and the skill of

80:42

learning is like it's the greatest drug

80:44

on planet earth because you learn how to

80:47

do something and you become competent in

80:49

it and as soon as you get there you're

80:50

like oh my gosh if that's all it took

80:54

for these people that I used to think

80:55

were special to earn an additional

80:58

100,000 and now all I have to do is do

81:01

that same process again to go from where

81:03

I'm at to be able to earn 1.6 6 million,

81:06

do a 10x, sign me up. Because you get

81:09

this confidence from learning how to do

81:11

things. And so passive income is great

81:14

at a certain stage of life and at a

81:16

certain stage of financial protection,

81:19

but it is not. It is financial

81:21

protection. It is not for the people who

81:24

are saying I want to go build something.

81:25

I want to grow something. I want to

81:27

create something. It is a it is to me

81:29

almost the opposite of survival

81:31

actually. It's your backup plan. It's

81:34

your rainy day fund in case [ __ ] hits

81:37

the fan. And I'm not opposed to having a

81:40

backup plan. It's good to have a backup

81:42

plan, but 99% of your time should be

81:45

focused on how do I make the first plan

81:48

go freaking right and do everything I

81:51

can today to control plan A.

81:53

>> You talked about acquiring skills being

81:54

the key thing there. Um obviously the

81:56

world is changing quickly because of AI

81:58

and all the skills that a lot of people

82:00

once acquired in university you know

82:02

accountants, lawyers, um podcasters I

82:05

guess

82:06

>> um our skills are quickly being replaced

82:09

by intelligence machines and systems

82:11

that can now do what we do. And when you

82:13

look around the corner at what's going

82:14

on in robotics, I think Neo, the

82:16

robotics company this week put on sale

82:18

their first humanoid robot which can

82:20

move through the physical environment

82:21

and do things. And when I combine these

82:24

two things, I can combine intelligence

82:25

with the ability to manipulate the

82:28

physical environment, I go, where are

82:30

where are humans going to going to be in

82:32

all this? Cuz it is conceivable. It's

82:35

perfectly conceivable to me that

82:40

much of what

82:42

we employ people to do these days will

82:44

be redundant in the in the near future.

82:46

>> Mhm. And that's not to say that there

82:48

won't be new jobs, but it's a difficult

82:50

time to be um investing heavily in any

82:53

particular skill set. Well, some to some

82:54

skill sets because they're they're

82:57

becoming invalid in no time at all. Like

82:59

even as a writer, so like I've written

83:01

two books and I enjoy the process of

83:02

writing. I considered it to be one of my

83:04

edges. I was like, I'm quite good at

83:05

writing. So that's useful. You can build

83:07

a personal brand. You can send good

83:09

emails. You can convince people,

83:10

investors, whatever it might be. But

83:12

even now like [ __ ] everyone's got like

83:14

AI now chatb2. So they can just produce

83:16

AI slop and they can literally just say

83:18

write it like Steven or write it like

83:20

Natalie. So the edges are are going What

83:23

is the edge of the future in your view?

83:25

What is the edge? What is the skill I

83:27

should double down on that the robots

83:29

and AI aren't going to steal from me?

83:31

>> I think the only skill that we can

83:32

actually double down on in a world of AI

83:35

is the skill of learning and adapting

83:38

because we cannot predict what the world

83:40

is going to look like in 2040. We do not

83:43

know what robots are or aren't going to

83:45

be capable of. I'm not as bullish on

83:48

this. I watched Elon have a interview

83:52

over the weekend about his take on AI

83:55

and he said that it's a supersonic

83:57

tsunami in which he proceeded to explain

84:00

that supersonic is traveling at the

84:02

speed of sound and a tsunami is a wall

84:06

of water. And so if you think about that

84:10

being AI, it's coming. It's here. It's

84:13

fast. And of course, he benefits from

84:15

everybody believing all of those things

84:17

with all of the companies. And I am a

84:19

pro Elon person. I I love what he has

84:21

built. I love his mind. But I think that

84:23

we're further away than people think,

84:25

but it is still coming. And so the only

84:28

hedge that somebody can have is the

84:30

ability to adapt and learn. And what AI

84:33

should be used for with every individual

84:35

is the ability to learn. Acknowledge

84:37

what you don't know. That is the

84:39

greatest strength somebody has. Really

84:41

be comfortable saying, "I do not know

84:44

how to read a P&L. I don't know how to

84:47

read this legal contract. I don't know

84:49

anything about AI and what I've heard

84:52

LLM. Uh I don't really know what it is

84:54

or agentic. What's the difference?" And

84:57

be able to convince yourself why that is

85:00

the most important skill for you to push

85:03

past that barrier of learning something

85:06

new. that is so uncomfortable because

85:08

the the names are new and you feel like

85:10

a freaking idiot and then you think

85:12

everybody is smarter than you and that

85:14

you're just some fraud to push back on

85:17

that and to have some resilience through

85:19

it to say I'm going to adapt through

85:21

this. I'm going to get to the other side

85:22

and learn so that I concretely can have

85:25

confidence that I can change in any

85:28

environment based off of what's needed

85:30

of me in that environment and I will add

85:31

value to that environment regardless of

85:34

whatever the external circumstances are.

85:36

That is the only choice. There is no

85:38

alternative choice.

85:40

>> Are you scared about AI?

85:41

>> I'm not scared at all. I'm pumped. As

85:42

you can tell, I'm really excited because

85:46

I used to feel dumb. I used to feel like

85:48

there were things that these smart

85:50

people knew that I didn't know. And my

85:54

entire

85:55

outlook on life changed a handful of

85:58

years ago when this got launched because

86:00

AI has taught me in two years what I

86:04

would have had to go to school for and

86:07

would have had to get a degree in still

86:09

to just find out that most people who

86:10

went to school for those things and had

86:11

degrees in them missed something

86:13

critical and important. And so for me,

86:16

and I think people like me, and I don't

86:20

think there's anything particularly

86:21

special about who I categorize as people

86:24

like me, it is a unprecedented time to

86:29

lean into this reference of information

86:34

that can specifically tutor you on what

86:37

you don't know, to actually equip you.

86:39

you've never had this opportunity before

86:42

and it's not specific to you with your

86:45

gender or your race or your age. It's

86:48

accessible.

86:50

And so I'm beyond excited because

86:51

anything that comes up that's like, "Oh,

86:54

this just changed the whole dynamic of

86:55

the business." Guess what? I have AI to

86:58

help me understand that and to help me

87:01

get whatever skill I need in this new

87:03

world. Same thing that people 100 years

87:05

ago had to do. Same thing that 2,000

87:07

years ago people had to do. They just

87:09

didn't actually have a tool to help them

87:11

understand what was happening to then

87:13

learn what needed to happen from them

87:15

whatever they had misunderstood Zar in

87:18

in order to actually get to the other

87:20

side with real skills.

87:23

>> Natalie, what do you think is the most

87:24

important thing we haven't talked about

87:26

that we should have talked about as it

87:27

relates to what you know about who my

87:28

audience are and what they're interested

87:30

in?

87:31

I think this is a connected subject but

87:34

I would want anybody in the audience

87:37

whether you make 60,000 a year a million

87:41

a year a 100red million a year to

87:44

actually have the belief in themselves

87:47

that they can learn anything that they

87:50

want to know and that there isn't

87:52

actually a barrier there that exists

87:55

because if I could get people to really

87:56

believe that their entire life would

87:59

change due to the access that they have

88:01

today due to the tools that they have

88:03

today. And so taking that confidence

88:06

that I can walk into any room with any

88:09

big shot with anybody who knows

88:12

something about a particular subject

88:14

matter that I know nothing about and

88:17

feel totally comfortable being in that

88:19

environment because you can prep

88:21

yourself. You can learn about it and

88:23

life is so beautiful because you get

88:26

those experiences and you don't have to

88:27

be scared of them. you can learn and you

88:30

can understand and there's nothing

88:31

that's wrong with you to where you can't

88:34

and there's no special privilege or

88:35

special characteristics that somebody

88:38

has that you don't have in that you can

88:41

learn anything.

88:42

>> Did you used to think there were special

88:44

characteristics or some kind of genetic

88:47

genius gene that these people at the

88:49

very top had and and how how did that

88:52

change once you were in rooms with those

88:54

people? Of course, I thought that there

88:56

was some genius button that somebody

88:59

clicked at birth before coming out of

89:01

the womb where they just got to be

89:03

special and they got to understand

89:05

things. I really struggled growing up

89:08

with remembering numbers. Numbers were

89:10

so challenging. I would just reverse the

89:12

numbers and then they wouldn't stick in

89:14

my brain and I thought I was stupid for

89:16

so much of my life. And for anybody who

89:20

also struggles with that, what you would

89:24

come to find out being around lots of

89:27

people, successful or unsuccessful

89:29

people, is everybody has that thing. So

89:32

the faster that you can attack it and

89:35

get yourself comfortable with numbers,

89:37

what I realized is like that was just a

89:38

story I told myself because had I ever

89:40

spent an afternoon on a Sunday with my

89:44

extra time actually trying to get better

89:46

at remembering numbers. No, I hadn't. I

89:49

just used it as an excuse. And

89:52

successful people just limit the amount

89:54

of excuses that they allow themselves to

89:56

believe for why they aren't successful.

89:59

They take the limitation that they have

90:02

and either they so overindex in the

90:05

strength and they ignore that or they

90:08

realize that that limitation is actually

90:10

at a point where it is limiting them. So

90:12

they have to attack it and take the time

90:15

to get better and shore up that area to

90:17

then be able to springboard from there.

90:21

>> There's also I guess another layer to

90:22

this which is men tend to rate their own

90:24

performance higher than women do even

90:26

when their actual performance is equal.

90:28

And there's a bunch of different studies

90:29

that site this. There's one famous study

90:30

that people always talk about which

90:31

might not be I think might be refuted

90:33

now but it said that men apply for a job

90:35

when they meet 60% of the listed

90:37

qualifications while women only apply

90:39

when they meet 100% of the listed

90:41

qualifications which in part as it

90:43

relates to top jobs um in in Europe

90:46

people think that this is part of the

90:48

reason why men are more likely to be in

90:50

full-time top jobs um because they that

90:53

overconfidence

90:54

means they're more likely to apply and

90:57

therefore more likely to um I convince

91:00

pe other people and more likely to get

91:01

the job. So there is something there

91:04

seems to be a difference in genders in

91:05

terms of

91:09

the need to feel ready and the need to

91:11

feel qualified.

91:14

>> That's so real to me.

91:16

>> Yeah,

91:17

>> that is so real to me. I get to work

91:20

with people every day and I will have a

91:25

personal, professional, and financial

91:26

goal conversation with team members who

91:28

are in the exact same role. Let's say

91:30

they're an account manager. One will be

91:32

a female, one will be a male. The woman

91:33

is like a rock star. She like the

91:36

clients love her and she's so good and

91:38

she just has like this little like

91:40

magical spark. So, I'll be sitting with

91:42

them with their personal, professional,

91:44

and financial goal conversation, and the

91:46

woman will say, "Oh, I'd like to go from

91:49

making $80,000 a year to maybe in a year

91:52

from now making 90,000." And the next

91:55

hour I will have a conversation with a

91:58

guy who is not as performant as she is,

92:01

and he will say, "Yeah, I'm making

92:02

80,000 a year. Think in the next three

92:04

years I should be up to 200, 250." I've

92:07

had this happen over and over and over.

92:09

So, I watch this in real time. And my

92:15

go-to in that is

92:18

to sit down with a girl and to say, "I

92:20

want you to imagine what [clears throat]

92:23

your life is going to look like in 3

92:26

years from now. So, if you're 35 years

92:28

old, you're going to be 38 years old.

92:31

What does life look like? Who are you

92:33

spending time with? How much money are

92:34

you making? Have you traveled? Do you

92:37

have a spouse? Do you have kids? Like

92:39

what what does life look like? And what

92:41

I want you to do if you don't have an

92:43

account already is I want you to get

92:44

hooked up with Pinterest and you are

92:46

going to create a board and you just

92:47

going to go through all of these

92:48

incredible things that you could have in

92:50

your life that you actually want. Not

92:52

the stupid things like the things that

92:54

you're like, if my life could include

92:56

that, it would change my life. I would

92:58

love to have that life. For me, that

93:00

would have been full sequin suit.

93:03

Because if you can't do that, you're of

93:06

course going to be stunted in what

93:07

you're going to do in order to get

93:09

there. If it was a man who was

93:11

struggling with that, though, I'd do the

93:12

exact same thing. That to me is the real

93:14

job of a leader is to inspire people

93:15

enough not about who you are and all of

93:18

your accomplishments, but to actually

93:19

have them see that they could have the

93:21

life that they want through the work

93:23

that they do every single day. and tying

93:25

those two things together and being

93:27

ruthlessly honest with them when they do

93:29

things that hold them back and remove

93:31

things that are in their way.

93:33

>> Natalie, we have a closing tradition

93:34

where the last guest leaves a question

93:35

for the next not knowing who they're

93:36

leaving it for. And the question left

93:38

for you is um a fairly well-known

93:41

question actually. It is, what would you

93:43

do if you knew you would not fail?

93:46

>> If I knew that I wasn't going to fail, I

93:49

would just like I'd fix world hunger and

93:50

I'd fix all of these things. But like

93:52

short of thinking that I could solve

93:55

those particular problems, it's it's

93:58

selfish to not have those goals and

94:00

dreams, I just think for my actual life

94:03

today, I really believe and preach and

94:08

to my core I feel act out that

94:13

I take massive action towards goals that

94:16

do seem unbelievable or unreal to me.

94:19

And right now the the set of goals that

94:21

I have are the things that I'm very

94:24

confident that I'm not going to fail at.

94:27

And I'm spending time doing those things

94:29

in order to get myself as close as

94:30

possible to the woman that I want to

94:31

become. And I could change my mind in a

94:34

handful of months or a handful of years

94:36

once I've achieved those things. But I

94:38

guess I already actually do think that

94:40

I'm living my life short of solving

94:43

world hunger and like world peace. that

94:47

I'm doing everything that I know how to

94:48

do to make an impact on the world.

94:51

>> I noticed that um you know I've had a

94:52

bunch of conversations on this show with

94:54

people like Evie Porus who is the uh the

94:57

the Secret Service agent and you have a

94:59

lot of similarities to her. I think

95:01

because of the directness in which you

95:03

speak and I think part of the resonance

95:05

is people want to know how to be taken

95:10

seriously in this world

95:11

>> and I think they they they look at you

95:13

and see someone who is like them in many

95:15

ways or at least how they aspire to be

95:18

but is taken seriously in a world that

95:20

is often hard to be taken seriously in

95:22

especially as a woman in male-dominated

95:25

environments especially things like the

95:26

finance industry and investment industry

95:28

it's hard to be taken seriously it's

95:30

hard to be respected

95:31

And so people I think people have a deep

95:33

sense that they are being being

95:35

diminished. They are like misunderstood.

95:37

They're not being heard. And so they

95:38

when they hear someone that speaks so

95:40

clearly and with such conviction as you,

95:44

>> um they they want to learn how to do it.

95:46

>> Is there anything in that regard that

95:48

we've we've left off? because I was I

95:51

was I was on your YouTube channel and I

95:52

was looking at some of your recent

95:53

videos and one of the recent videos that

95:56

has been incredibly resonant to people

95:57

is this exact point which is the 1%

95:59

secrets to make anyone respect you

96:00

instantly.

96:02

>> Is there anything within the subject of

96:04

that video and I was looking at the

96:06

comment section it was a lot of people

96:08

talking about how they feel

96:10

someone has disrespected them or that

96:13

they feel they've been ignored or not

96:16

heard. Is there anything you'd say to

96:17

those people?

96:19

>> Being looked down upon, being not taken

96:23

seriously is actually your superpower.

96:26

And you have to convert the energy of

96:30

that frustration into what are you going

96:34

to do in that environment next time to

96:36

be taken seriously. I went to a charity

96:38

event was about a decade ago now and I

96:42

remember being mortified because I was

96:44

in this career pivot where I was making

96:46

the decision to work with Brandon and

96:49

the

96:50

>> your husband

96:50

>> my husband yeah and the proverbial

96:53

question of like what do you do came

96:57

around to me and I fumbled the question

97:01

and for the rest of that night and it

97:03

was actually a charity trip the person

97:05

just didn't take me seriously and they

97:07

were somebody that I wanted to respect

97:09

me and I was so pissed off at myself

97:11

that I messed it up that I hadn't

97:13

created something at 22 or years old

97:16

that was more impressive that they would

97:18

take me seriously and so I made it my

97:20

mission between that point and the next

97:23

year when we would go on that trip for

97:25

them to take me seriously and I had to

97:27

look at what do I have to do what do I

97:30

have to create in order for somebody to

97:32

take a 24 year old seriously

97:34

>> what did you have to do and create

97:36

>> well I launched a podcast and I had to

97:40

work on this communication skill cuz I

97:42

was terrified to communicate. I used to

97:44

not be able to communicate like this. I

97:46

had a horrifying experience when I was

97:49

in my early 20s where I was supposed to

97:52

present this new leadership program that

97:54

was being rolled out at this

97:55

organization. And I was nervous ahead of

97:58

time but was fairly confident in the

97:59

material that I was presenting. And I

98:01

walked up to the front of the room and I

98:03

was the first person to speak. It was

98:05

8:00 in the morning and I got through

98:07

five minutes of my hourlong

98:08

presentation. I turned around to the

98:11

presentation screen to point out

98:13

something and turned back to the

98:14

audience. And in that moment, I was

98:17

instantly petrified. The nerves took

98:20

over every fiber of my body. I could not

98:23

control what I was saying. My thoughts

98:25

and my words did not connect. And I

98:27

proceeded to give the rest of my

98:29

presentation that was supposed to take

98:31

an additional 55 minutes in seven. And

98:34

then I sat at the front of the room

98:36

while everyone around me was talking

98:39

about all the different components of

98:41

the things I was supposed to be

98:42

highlighting because I just couldn't

98:44

articulate them. And from that point for

98:47

about four years, I was unable to have a

98:50

conversation with people that had a

98:52

larger group than four or five because

98:54

this disconnect for me happened and this

98:56

anxiousness took place and I had to work

99:01

on this skill to learn how to

99:03

communicate. And so I launched a podcast

99:06

and the only topic that I felt

99:07

comfortable talking about at that point

99:08

I didn't have some business expertise. I

99:10

wasn't naive enough to think that

99:12

somebody was going to listen to me at

99:14

the wise age of 23 or 24, my early 20s,

99:18

and how to run a business. So, what did

99:20

I know at that point? And what was a

99:22

problem that I was seeing? Well, I was

99:24

actually around a group of people who

99:25

were in age gap relationships and having

99:30

all these conversations in secret, but

99:33

wouldn't publicly talk about it. And so

99:35

I started a podcast where I was talking

99:37

about what it's like being a third

99:40

marriage and being a stepmom and how did

99:43

we tell our parents and what are tools

99:45

to navigate something that feels really

99:47

crippling and almost embarrassing to

99:49

somebody who is a high performer. And I

99:52

proceeded to have that podcast every

99:53

single week. And I made it my mission

99:55

that year to make a toast at every

99:57

single meal that made sense for me to

99:59

make a toast at. So that I worked out

100:01

this skill of communicating. And working

100:04

out the skill of communicating is what

100:06

allowed me to go from being in a room

100:08

where I couldn't trust myself to even

100:10

introduce what I do to showing up the

100:13

next year and having made progress on my

100:16

communication and saying, "Hey, I I know

100:18

that you didn't take me very seriously

100:20

last year, but this year, I would never

100:22

say it like this, but this year I've

100:24

built this cool thing, and I actually

100:26

have this blog that has thousands of

100:28

readers every single month that is

100:31

generating this revenue. And you, Mr.

100:33

old man might not have taken me

100:35

seriously, but I could probably help you

100:36

in your business do the same thing

100:38

because I know that you don't know

100:39

anything about this. So, I gained a

100:41

skill in that process and was able to

100:42

talk about the skill that I knew was my

100:44

angle.

100:45

>> The top comment on that video is being

100:46

nice destroyed my life.

100:49

>> I can understand. Of course, it did.

100:53

>> The second comment is, "A friend to all

100:55

is a friend to none." People really

100:58

resonate with the topic of being liked

101:01

versus being respected. And people give

101:04

up their goals in order to be liked. And

101:06

they give up what they believe that they

101:08

can actually accomplish. And thinking

101:11

that it's okay to go all in on

101:12

themselves in order to be liked. And so

101:16

that message I know really resonated

101:18

with people because I start out the

101:20

video by talking about the difference

101:21

between respect and being liked and

101:24

really making that a choice and it's an

101:25

active choice, not a passive thing that

101:28

just happens.

101:30

>> I wonder why that is. I wonder why so

101:32

many people are really focused on the

101:35

the idea of being liked. They don't want

101:38

to be disliked and they want to be

101:39

liked, but in their pursuit of being

101:41

liked, they feel like they're

101:42

self-sabotaging in some way. like

101:45

they're disrespecting themselves. So

101:46

then they end up wanting to be okay with

101:48

not being liked.

101:49

>> What is the the answer there in that

101:52

vicious loop?

101:54

>> You have to choose who you want to be

101:55

liked by. And if you choose that you

101:57

want to be liked by people who are

101:59

respectable, you're not going to lose.

102:02

If you choose that you want to be liked

102:03

by your co-workers because they think

102:05

it's cool to [ __ ] on the company culture

102:08

or to

102:10

pretend like they're working but not

102:11

really care, then of course you're going

102:14

to get stuck in this vicious cycle

102:15

because you actually want to be

102:17

respected, but you're choosing to be

102:18

liked by somebody that is not

102:20

respectable. And

102:23

I think when you find yourself in a

102:25

position where people who are

102:26

respectable do actually like you, you

102:29

start to like yourself a little bit more

102:31

because you've made sacrifices. You have

102:33

to have made sacrifices in order to drop

102:35

the person that you were to become this

102:38

different version of yourself. And that

102:40

process is so painful because you shed

102:43

your identities and you shed people that

102:45

you thought you needed to be dependent

102:46

upon. But as soon as you shed that and

102:48

you,

102:50

it's almost like a butterfly. You

102:52

metamorphosize into this new person, you

102:55

will repeat that process over and over

102:57

again because of the confidence that it

102:59

brings you. And you like yourself. And

103:02

when you like yourself,

103:04

there's nothing better on this planet. I

103:05

love my husband. I love my team members.

103:07

I love my parents, my brother. There's

103:09

there's no amount of there's no greater

103:13

joy that I have than actually being my

103:15

own best friend. And I don't say that

103:17

from like a I'm just going to hold your

103:19

hand and we're just I'm just going to be

103:20

best friends with myself. I am brutally

103:23

honest with myself about what I am bad

103:24

at, what I am good at. And I don't

103:28

overindex either way. I'm just honest

103:30

with myself because I want to like me.

103:32

And when you like you because you've put

103:34

in work that you have to do to not lie

103:38

to yourself about what you want, then

103:41

the world is opened for you to pursue

103:44

whatever opportunities because you like

103:46

yourself and you're good with yourself

103:48

and that actually attracts more people

103:50

who want to do cool [ __ ] with you

103:51

because most people don't like

103:53

themselves and they're not their own

103:54

best friend and they think that that's

103:55

silly. But they are so mean to

103:57

themselves. And I get that cuz I used to

103:59

be so mean to myself and so critical.

104:01

Nobody would ever say to me what I would

104:04

say to myself. I would never say to a

104:06

friend of mine or even my worst enemy

104:07

what I used to say to myself. And I I

104:10

had to work on rewiring myself to

104:12

understand why I was so critical and why

104:14

I was so mean to myself to stop doing

104:16

that and to stop acting in that way that

104:19

then allowed me to work on the things

104:21

and fix the things that I didn't like

104:23

about myself. For instance, used to

104:24

watch way too much reality television. I

104:26

hated that I watched as much reality

104:28

television as I watched, but I loved all

104:31

of the Real Housewives, everything on

104:33

Bravo, but it made me feel crappy

104:36

because I liked their lives instead of

104:38

liking my own lives, my own life. And

104:41

when you like somebody else's life and

104:43

you're living into something that you

104:44

don't feel good about,

104:47

you end up being really rude to yourself

104:50

for obvious reasons. You're not creating

104:51

the thing that you want. You're just

104:53

circumventing. You're like shortcutting

104:54

it. And that stuff to me is is just as

104:57

powerful and maybe even just as harmful

105:00

of a drug as hard drugs and alcohol

105:03

because it's escapism.

105:05

>> Natalie, thank you and I'm very excited

105:08

to sit again with you in uh some point

105:09

in the future and get an update on your

105:12

PPS.

105:13

>> I appreciate

105:13

>> see how you're getting on.

105:14

>> Thank you.

105:14

>> Please keep doing what you're doing.

105:16

>> Appreciate you. [music]

105:20

Heat. Heat. N.

105:22

[music]

105:31

>> [singing]

Interactive Summary

This video features an in-depth conversation with Natalie, a successful entrepreneur and co-founder of Cardone Ventures. She discusses her methodology for success, which includes a focus on goal-setting (PPF: Personal, Professional, Financial), the importance of hard work without burnout, and the necessity of hiring and surrounding oneself with exceptional, goal-oriented people. Natalie also touches on the importance of effective communication, the need for financial literacy in a changing global landscape, and her perspective on the upcoming wealth transfer. She emphasizes that being respected is more important than being liked and advocates for taking full control of one's calendar and life environment.

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