A Shortcut To Becoming Wealthy & Successful | Patrick Bet-David EP 736

0:00Hi, my name is Lewis Howes and welcome to the Daily Motivation Show. Today's episode is all about taking control of the role that money plays in your life. When you decide to learn the language of money, you begin to unlock abundance in all the areas of your life.

0:26One day I woke up, I was in a relationship, and this is, I'm 26 years old, and I'm trying to get my business going. I wake up six o 'clock in the morning. I get a text. Babe, I have to tell you this. As much as I love you, I don't see this relationship going anywhere. One of those texts. Because I think my mom is right. You love your business more than you love me. And I barely see you. I only see you once a week. You're working so hard. First text. Then message. I press the message to listen to it. My mom. You know, there used to be a time they used to love me. And you would call me and tell me you love me.

1:05What happened to those? What happened to my little son that used to love his mother? Call me every day. Hug me. So now I got a breakup on the line. I got a guilt trip for my mom. That's still 602 right now. Then I get an email. You haven't even gotten out of bed yet. I haven't even gotten out of bed yet. Then I get an email that's been in the box for a while, and I look at it. It's from my number one client that I was about to expect like a$15 ,000 commission, and that's a lot of money at that time. and my number one client says he's leaving me for the following reasons. And then at the same time, the next email is my agent saying I resign.

1:40My number one agent resigns. This all happens before 6.05, 6.10. So I'm in bed. Anxiety is high. Panic is high. I have no idea what to do. In that moment, all I thought about is what are my next five moves? What do I need to do next? From that moment on, everything I did with business, I would ask myself, I want to do this next my next 10-15 moves or what would this guy do this guy that built an empire What would he do? What are we gonna do here? What can I do to be better than this guy? What can I do to be more efficient and what can I do to speed up the process to get you But everything came down to your next five moves.

2:15So you're asking the question is the first move the most important? Absolutely, it is if you don't know your next move Your next move can hurt the chances of you even getting to the fifth move

2:32okay, so who do you want to be? I want to be an entrepreneur. I want to be an entrepreneur. I want to be a solopreneur. I want to be a content creator. I want to be an influencer. I want to be an inventor. I want to be an investor. So you kind of figure out what angle you want to go and who you want to be. And then you figure out which one you want to do next. You may want to be an entrepreneur, but intrapreneur may make sense next, right? You want it to be an entrepreneur may make sense next. So this movement of entrepreneur got a lot of people to become entrepreneurs who should have never become entrepreneurs, okay?

2:58They just should have never become entrepreneurs because they did not experience the element of being an intrapreneur. An intrapreneur thinks, works, is wired, looks at money, people, talent, recruits, sells, sells the dream. Everything an intrapreneur does is identical to the entrepreneur. The only difference between the intrapreneur and the entrepreneur is the entrepreneur put up the money. That's it. Meaning, there is nothing else that's different there. the same amount of sacrifices this guy's willing to make this guy's willing to make he just didn't put up the money right and that's one of the reasons why the entrepreneur respects the entrepreneur it's like the hidden code listen man i'm willing to do everything you're doing but i didn't put up money salute i respect you this is why you're number one i'm number two but i salute you what do we need to do right you don't have to say i have to be an entrepreneur no you don't maybe the better option for you is go find if you can find a killer on the way up.

3:56If you can find a killer on the way up. So, you know, if you looked at everybody as a stock, let's just say we started looking at everybody as a stock, okay? So you have small cap, mid cap, large cap. What's the difference between a small cap, mid cap, large cap? It's a dollar one, you know,$5 billion less,$5 billion to another. And then you have the large cap, you know, all these Disneys, Walmarts. These are a large cap, right? But the key is if you can figure out when there's small cap. The key is if you're at the PayPal mafia group and you see somebody who He says, that guy's going to start Yelp.

4:25I'm going to go run with that guy. That guy's going to start, you know, Tesla. Uber. Uber. That guy, Peter Thiel, I'm going to go do something with him. I don't care if I'm his number two or number three. I'm going to go with this guy.

4:40Tom was the former president of our company, PHP. One of the best decisions was hiring this guy. And I said, so, Tom, let me ask you a question. In your life, you guys sold Jam Dad for$780 million. You got a massive exit. But you were the number six guy. How come you don't want to be the number one guy? He says, good question. He gave me the best answer. He says, you realize I'm 54 years old at the time we were talking. He says, it took me 54 years to realize I'm not a good number one. Every one of his biggest checks he ever got, he was a number five, the number four, or every time he was number one, the company didn't do well.

5:15So sometimes we want to be number one, but maybe you're not a number one. Sometimes you want to be MJ, but maybe you're Scotty. Sometimes you want to be M.G. and Scottie, but maybe you're John Paxson and Steve Kerr. Maybe you're somebody that later on is going to be the general manager of the Chicago Bulls. Your name is John Paxson. Maybe you're going to be a great coach, years later winning three out of five championships. Your name is Steve Kerr. But you've got to play your game with your strength. And in the season of life. Exactly. And in the season of life. Because you may be a number six right now, but you may eventually be a good number one.

5:46Maybe it's just not time. In a different role, in a different package. Yes, but it's the sequencing, man. Everything is sequencing. What does sequencing mean for you? Sequencing to me means, okay, if you wake up every day, you have a sequence of what you do. What is the foundation of what I'm starting the day with, right? What is the sequence of what I'm going to be doing next? If every decision you're about to make next, whether it's marriage, having kids, business partnership, a joint venture, If everything you did, you stepped away from the world, your girl, your mom, your dad, your peers, your family, you went to a restaurant, you sat there with a piece of paper saying, okay, I'm thinking about marriage.

6:25What do I need to do next? What's the next move I need to make? Then you go, I don't know if that's number one. I think that's number three. And you play that game. It's fascinating.

6:39I tried to sequence to get married at 23 years old. You tried it. it would have been catastrophic. At the time, I was forcing marriage because, you know, you're looking at everybody, everybody's getting married, and I think it's my time, and family, and I'm Armenian, I'm a Syrian, and one day I'm like, dude, you are not ready. I asked the question, I said, would you let your daughter marry you? I said, hell no. You asked the question to yourself. I asked the question to myself, would you let your daughter marry the 24-year-old Pat right now? I said, absolutely not. I said, you ain't ready to get married.

7:11and we got the ring married. The whole thing was lined up. You got married. You were getting ready to get married. We were getting ready to get married. She wasn't ready. I wasn't ready. It would have been catastrophic for both. But that journey of going that direction had set me back three years. Completely set me back. Because I was dead set on wanting to live a life of other people. I was dead set on making the decision that's going to please the people that want me to get married. Yet I don't even know what marriage means. I don't even know the complexities of marriage. I don't even know if I'm done being single.

7:39I don't even know the fear about like if I get married so do I still that that's that's a lot of challenging stuff and it set me back like I said three years your number one move is you identify who you want to be not not who Tiffany wants to be not who it's who do you want to be not not what Patrick wants to be not what Bobby want not what your older brother sister mom that who do you want to be if you and I can figure out who we want to be and it's as transparent and as clear as possible. I don't have to compare myself against your success. Now, here's a problem, though. Say, for instance, I sit there and I say, honestly, I just want to be a person that's just a regular person, and I'm glad if I make 80 grand a year, 100 grand a year.

8:22I have a nice place. I'm married. I'm happy. My kids are with me. I have a good relationship. I'm totally happy. If you say that, if you say that's what you want to be and you're content with that life, but behind closed doors, your buddy Lewis Howes, He's making millions. He's doing great. He's all over the place. People are talking about it. If an ounce of envy or jealousy comes in, you either weren't being honest with yourself, because that's not exactly who you wanted to be, or you got to ask the decision, am I living my life or his life? That's the toughest thing to do.

9:01I am so excited for you to finish the rest of your day strong. If you enjoyed this episode, make sure to click the link in the description and it'll take you to the full episode of my other show, The School of Greatness. Make sure to come back tomorrow for another episode of The Daily Motivation Show.