Daniel Priestley: Why Your School Career Plan is Dead (New Economy Secrets)

0:00I have a brand new book called Make Money Easy. and if you're looking to create more financial freedom in your life, you want abundance in your life and you want to stop making money hard in your life, but you wanna make it easier, you wanna make it flow, you wanna feel abundant, then make sure to go to makemoneyeasybook.com right now and get yourself a copy. I really think this is gonna help you transform your relationship with money this moment moving forward. We have some big guests and content coming up. Make sure you're following and stay tuned to this episode of The Daily Motivation Show.

0:38Hi, my name is Lewis Howes and welcome to The Daily Motivation Show.

0:50I've heard you talk about the dying economy versus the new economy. What is the dying economy and what is the new economy coming? The dying economy is the economy that you were prepared for in the schooling system. So in the schooling system, they had this vision for you and they said, you're going to work in an office or a factory or a construction environment. And basically they said, here's our vision for Lewis. Our vision is that you're going to do 15 years of school and then you're going to do 25 years as a worker. Then you're going to do about 10 years as a manager, five years as a leader.

1:23And then you're going to do 15 years of retirement and die. Wow. right so that was the plan whether you whether you were aware of that or not and for a long period of time the industrial age that was a good plan from 1850 to 2000 those 150 years that was a pretty decent way to approach what was possible for most people but since 20 the 2000s and especially since 2020 when we had the pandemic the way that the world works no longer sits like that so we're now in this digital age. So for example, geography is not a big dictator of value anymore. So it was almost always the case that where you grew up was probably where you would work and live and you would be basically within a 10 mile radius.

2:07And that was you. Now you could be contracting for a company on the other side of the world. You could be selling to customers in 150 countries. Your boss could be someone you've never physically been in an environment with. Your best team member could be someone who's in brazil like all of this you know all of this geography gets removed um physical products used to physical products and directly delivered services used to be the main engine of the economy now it's intellectual property media data software are the main and finance main engine rooms of the economy so um we need to recognize that the future of the career looks very different to the previous one.

2:48So what's happening for the future is we're moving into a very high velocity economy that is fast action loops. And these little loops, you notice a problem, you put together a small team to explore it, you launch something to test it, you scale up the team, you scale up the technology, you formalize it, you exit it, you move on to the next problem. And these are the kind of careers that we're seeing in the future. I don't know whether you're seeing this as much as I am, but I might ask a high performer these days, tell me, like, what are you doing for work? And they'll give me like five things.

3:25They'll say, I'm writing a book. I'm doing some podcasts. I've launched an agency. We're spinning out an AI software product. We're organizing a festival. We've got a live event that's coming up. And you go, how many hundreds of people are on your team? And it's like, no, it's just me and five other people. right we're just a little group of five and these fast dynamic um value loops get created and you can have several of them on the go you can have you can be a leader in one and a supplier to another you know you might on any given day you might be a paid speaker at a conference but also leading a team running your own conference right you know so yeah i mean we We have an annual conference called Someone of Greatness for the last nine years.

4:13But I also speak around and at other people's events. And you're writing a book. And, you know, so it's this kind of like plural career. And I don't know, can you relate to this idea of these fast little loops? Things happen quickly. I mean, for the first 10 years of like running my business or businesses, I guess, I was doing that constantly to the point where I had, I don't know, 15 different revenue streams within a business. and it got to the point where about five years ago I felt like I was a seven out of a ten with everything because I was doing too many things and it was almost like this fast action loop.

4:49Yeah, everything was exciting and I took every opportunity which led to me getting to a certain level financially and opportunity wise but then I didn't feel like I was able to break through because I was spreading my time, bouncing around thing to thing every day to the next internal project. Yeah. That, wow, there's money here. Let's go do this. And people need, there's a need, there's a problem. For sure. It's something I'm interested in. And I like this too. And I like that too. And I'm passionate. Let's do it all. Yeah. But that only works for so long until you get kind of burnt out and resentful of your business.

5:20Yeah, well, it's not a permanent state. Yeah. You feel that you've kind of like taken yourself and spread yourself too far. So then you dial it back and you say, all right, I'm just going to focus on the highest value things. But what will predictably happen with you is that you'll get really strong at a few key things and naturally that's going to expand out. I'm kind of at that point where I'm ready to attract the next bigger things. Maybe it starts small and it scales. I'm ready to take on. And it doesn't mean ready in the next day. If it's a year from now, cool. I'm ready when it feels like this is alignment.

5:59It doesn't mean it's going to work, but it's like yeah this feels like it has the potential to really be exciting be sustainable energy renewable energy serve and impact people in a meaningful way and bringing in meaningful revenue where it's like a win-win yes and it and it just feels like a perfect fit

6:23thank you so much for listening to today's episode of the daily motivation and i hope you have an amazing rest of your day. If you enjoyed this episode, make sure to click the link in the description that will take you to the full episode of our main podcast on the School of Greatness. And if you are loving the daily motivation, please follow us over on Apple Podcasts and Spotify and leave us a review over on Apple Podcasts right now. And if you want more exclusive content and ad-free listening experience, make sure to subscribe to our Greatness Plus channel on Apple Podcast right now. And if you want to get even more inspiration from our world-class guests and learn how to improve your life and take it to the next level, then make sure to sign up for the Greatness newsletter and get it delivered right to your inbox over at greatness.com slash newsletter.

7:13Again, have an amazing day and I'll see you tomorrow with another episode of the Daily Motivation Show.