I was watched this video by Tony Robbins and it sent chills down my spine. Start this video at around 8:00.
The Too Long Didn’t Watch of it is that he’s known TONS of people who made millions of dollars but ended up broke and bankrupt. He mentioned examples like the highest paid actress of her time, a top actor in The Godfather, Marvin Gaye, Michael Jackson, a top athlete from the Boston Red Sox, Floyd Mayweather, and Mike Tyson who made $500 million.
How is that possible?
It’s quite simple. They spent more than they earned rather than saving and investing their money.
There’s so many more I know of that he didn’t mention like the rapper 50 Cent or the teen singer, Aaron Carter, who made $100 million before 21. Tony said that he learned that Floyd Mayweather literally would spend every cent he would make after he earned it from a fight and repeat.
Saving money is more important than ever now that we’re bombarded with peers showing off their excessive spending on social media and because we live much longer than ever before after retirement.
And the key to doing so is a concept called paying yourself first.
I’m a big fan of the billionaire, S. Truett Cathy. But most people don’t even know who he is (He’s the founder of Chick Fil A). I’ve loved going to his stores for over a decade. Truett’s book It’s Easier to Succeed Than To Fail, where a billionaire lays down his secrets to successis one of those rare gems. It’s a must-read and huge opportunity that most people are missing out on.
Outside of his wealth, Chick Fil A still has one of the best customer experiences out of all the fast food places I’ve visited. They still carry out the food to your table when you dine in. On top of all of this, they still remain closed on Sundays for religious reasons, which turns away millions of dollars in sales and lets their competitors get ahead. I think this is admirable because it shows that money isn’t everything and you have to commit your values straight.
When I dove into this book, I was amazed at how humble and simple of a man he was. His lessons on gratitude and living life go far beyond just making money; they touch on something even more important.
Watch this video and discover three big lessons I learned from the book. You will learn:
why “easier” is not the same as “easy.”
a secret to making billions of dollars.
why time and life are more precious than money through a deeply personal story.
Once you had a chance to watch, I’d love to hear from you. In the comments below, let me know what’s the most useful insight you took away from the video and what is one specific action you can take now to put it into practice?
Please share as much detail as possible in your reply. Tons of people come here everyday for help and your story may be just what they need to have a breakthrough.
Thanks again for sharing your positive vibes and making this tiny hangout one of the coolest, most game-changing places out there.
P.S. if you know one or two people who would find this valuable, please share this with them.
P.P.S. there are some cool facts about Chick Fil A I learned from the book that I have to share with you…
How did Chick Fil A get its name? The sandwich. It wasn’t anything innovative. He named it after the Chicken Fillet sandwich he invented; it’s as simple as that and he’s never changed it.
Where did Chick Fil A’s logo come from? That red chicken logo has been there since the start. Similar to what Phil Knight did with Nike, that logo was bought for pennies on the dollar from a random graphic designer. He never ended up changing it. It just goes to show you that the logo doesn’t matter nearly as much as people think. I think it’s retarded when people start a company and waste thousands of dollars trying to get the right logo; you can figure that out later (or it may be good enough already and never worth changing). For Phil, he didn’t even like the checkmark logo. But it stuck!
Have you ever wondered what the #1 key to success is?
I was reading the book 15 Secrets Successful People Know About Time Management and I think it finally clicked.
The book interviewed a billionaire who said that what set him apart from others wasn’t his intelligence, but his willpower. It was his willpower to commit and do the things he set out to do.
Why Willpower Matters
So why else is willpower (also known as self-control) important, other than just because a billionaire said it helped him earn more money?
Two Australian psychologists, Meg Oaten and Ken Cheng, have your answer. They found that exercising self-control in one area of life helps improve all areas of life that require willpower. They found this by having numerous test groups who all had different willpower-themed exercises:
money-management and budgeting.
studying and concentration.
exercise and fitness.
Afterwards, they tested the students and found that they performed better on all the willpower tests in each of the areas even though they only worked on one of them. They worked out more, studied more diligently, and spent less impulsively.
Whenever you start to do something in a field (that you love), you feel interested initially and you put in all your effort. But after some time, you lose interest and stop doing it although you still love it.
Today, I want to share with you:
how to solve the dilemma of “multiple passions” and find your calling.
why there’s massive, disproportionate reward with being the best in the world.
how to get there without burning out because you can even if you’re passionate about it.
The Dilemma of Multiple Interests and How To Tackle It
Ever since I found about the “Follow Your Passion” movement a few years ago, I struggled because I thought I had multiple interests and believed it was a bad thing. It seemed like successful people only had one interest and focused on that interest for decades until they got rich. I was told that you have to focus on one interest because no one has ever become successful at multiple skills except for once-in-a-millenium freaks like Leonardo DaVinci, Ben Franklin, and Arnold Schwarzenegger.
But it was so hard to restrain myself. I had dozens of interests, like video games, YouTube, manga, anime, personal development, business economics, music, and so on.
Now, there are a couple of TED Talks that argue that people like us have their own label. We are called “multipotentialites” or “polymaths.” They argue we should be proud of who we are and the world needs us.
If you haven’t heard of Ramit Sethi, he runs a blog and company at Iwillteachyoutoberich.com. He teaches Millenials in their twenties and thirties how to earn money on the side as a freelancer, get their dream job, and/or start an online business.
This is the story of how I spent over $2,000 on his online course, Dream Job. It’s also my brutally honest review on if it was worth it. Maybe Ramit would kill me if he saw this, but I thought it’s best to be honest as a consumer; I have my right to be.
Perhaps, it’s best to start my story at the point where my emotions were highest…
Before I Bought the Dream Job Course: Desperate, Frustrated, & DisIllusioned
Before I bought Ramit’s Dream Job course, I was at one of the toughest times in my life. I was frustrated and confused with getting any job and I was getting desperate, which wouldn’t make sense if you knew how academically-focused I was in school right before.
I was taking some of the hardest classes out there. I was used to a rigorous workload and schedule. In high school, I spent hours a day preparing for SAT, practicing piano, running track, and doing homework for advanced placement classes. In college, it was a similar story. Yet the job market wasn’t rewarding me for it.
Two years after college, I was working as a waiter and still looking for work. How is this possible?
For the longest time, I felt like it was way too late to make an impact on the world and become successful.
I am ambitious and I wanted to be really successful. But the news made it seem like if you did not become a singer, actress, or tech entrepreneur by the time you were 21, it was over. It turns out I’m not the only one. A lot of other people (some into their 40’s) think it’s too late.
But then I got into personal development and did some research. I studied hundreds of the world’s most successful people and I was startled at what I found.
It’s not true at all. When you think it is all over, it’s really just the beginning of an incredible journey.
Get Excited. The Best Years of Your Life Are Ahead.
It is the final day of the “Less Things, More Happiness” challenge. As a recap, the goal of each day of the challenge is to test out practices that will bring you happiness (based on extensive science) and focus on minimalism (not having to spend tons of money to do so).
That’s the beauty of happiness. A lot of what brings it isn’t expensive.
Today, was a day of pondering. I watched this interesting TED Talk by Simon Dabbicco, which you can see below:
It raised some interesting points on possessions (or the lack of them). One of them I had thought a lot about already was the topic of possessions controlling our lives. Even if I go outside and say that I only need water, air, and food to be happy … I go back home to all these possessions that chain me down to that location.
Part of me believes I still need the ironing board, iron, space heater, vacuum cleaner, electronic shaver, and everything else in my room. It is tough to lug all of this stuff around. Those who do fall under the category of what I like to call “mainstream travel.” They almost bring their entire homes with them, go for a short one or two week “vacation” to a commercial tourist location, and then come home.
Arguably, these items do make life easier. But it also means that I am truly not completely free to live a happy life without them. These possessions chain me down from traveling.
I thought about it and I came to the conclusion that I should learn to live without them if needed. If I had the money, I could buy these on my journey when needed. Heat to keep my body warm can be provided in other forms, like a blanket or heating of a hotel room. I can buy shaving essentials if need be.
Dabbicco brings up two interesting points:
Most people fall into the trap of modern life where they buy all these items that they think they need but don’t by working a job they hate. They get chained to their lifestyle.
The best form of travel is one where you spend little or no money to really experience a location. Avoid the tourist trap of eating the same food at the same restaurants you do at home.
And by definition, they’re some of the best at time management. They’re bombarded with thousands of emails. They have a thousand things they could do: meet with an employee, schedule a meeting, find a new marketing strategy, work on a product design, etc.
How do they choose what’s most important and still effectively build their wealth to $10,000 per day or more?
It’s not a “myth” that people succeed because they’re more productive.
The female billionaire Sheryl Sandberg has stated in her books that she made sure to leave work at 5:30 every day because her children were a priority.
Richard Branson has over 400 companies to run but he still has time to kite-surf because he puts his fitness as a priority.
President Bush has a million things to do: foreign leaders to call, CIA briefings to read, voters to please, and so on. Yet he was able to still read 95 books in a year: more than most people ever read.
Doug Conant, CEO of Campbell Soup, sent 20 handwritten thank you notes a day while running a Fortune 500 company.
I stumbled across a book called 15 Secrets Successful People Know About Time Management: The Productivity Habits of 7 Billionaires, 13 Olympic Athletes, 29 Straight-A Students, and 239 Entrepreneurs.
It has the longest title I’ve seen in a while. And I think it’ll help you uncover some secrets of time management.
Here are the top tips on billionaire productivity tips I know (which I learned from this book and all the other videos and podcasts I consumed):