Head of TED: The Simple Secret to INCREASING Your Happiness & EXPANDING ABUNDANCE (Just Do THIS!) | Chris Anderson EP 553

0:00Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.

0:11I've asked this similar question to a lot of wealthy individuals about abundance and it almost seems like people who make a lot of money the more they give the more they make not every year every time but it seems like something expands inside of them when they give and they almost give uncomfortably like ah this is a big amount and who knows what's going to happen with this money but I'm going to give it because I want to be of service. So many of these wealthy individuals say that like they made the most money that year or the next year like so much money came back to them and their business or their opportunities that they're up to.

0:47Have you seen a correlation with that? The more people give financially with a good intention that more goodness comes their way financially in the future. I definitely don't believe there's some kind of karmic you know woo-woo thing going on where if you do that somehow the universe says direct more money to that person now but um i do think that in the age that we're in generous people can get more done they will attract great other people to want to work with them if you ask the question where how is value created in our modern era it's largely created through the creation of of the products of human minds, creativity of different kinds, whether it's software, video, content in general, or even in a, you know, here's a steel manufacturer.

1:39The software that optimizes how that steel is manufactured, that is probably where the competitive edge comes from. So to hire those people and to motivate them, they have a lot of choices about where they could work. They do not want to work for an evil company. They want to work for someone who is generous and who is doing their part to give back to the planet. And so I think that effect probably does happen and that people will want to do that. So to take someone who a lot of people don't like right now, Elon Musk, his justification for Tesla being generous and giving away its patents, it wasn't directly for the benefit of Tesla particularly in any way it was that this would allow him a better chance of recruiting great engineers.

2:28Interesting. So the best engineers don't want to work for a company they want to work for a course so they you know they want to work for the electrification of the future and so we are making that more possible and I think I think whether that's spoken or unspoken that that is that is a real thing that just just happens that people will be more want to support that kind of person. Beyond that, I would say that even if that person didn't make more money, I bet that their life overall is better, is happier from it because they are being a more whole person. So they may not be generating more abundance of money but creating more abundance of wholeness, of happiness, of love, of peace, of harmony inside of them.

3:10Yes. And that is worth a lot of money. Yeah. To create a feeling of inner peace, harmony in your environment, great relationships. You know, I'd rather have that than all the money in the world. There are companies who have had, I think, direct value creation as a result of their generosity. One example I speak about is Patagonia, for example, where, you know, percentage of profits was paid to environmental causes. And the whole ethos of the company was to be generous to the future of the planet. That very fact is what brought them hoards of sort of next generation customers who care about this stuff.

3:51Chobani Yoga is known as a generous employer, employed a lot of people from challenged communities and was generous to them and gave them shares and so forth. And again, I think that is part of the motivation why I buy Chobani Yoga and I think many others buy Chobani Yoga. is delicious, sure, but it's a good company where their generosity is built into their actual business strategy. How can people build generosity into their lives and their business strategies moving forward? I think it's a different answer in the case of every business, but I think a really, really cool thing to do for any company would be to schedule a half day or a day's retreat with your most creative people.

4:38And to ask this question, what is the craziest thing that we could give away? Because every company has a lot of assets that in principle could be shared freely online. I mean, I've used the fantasy of Coke. You know, like if I was going into Coke, I would say, okay, the secret recipe of yours of law that is supposed to be the source of all your wealth, you know, it's this secret recipe that no one knows. And that's why Coke is so amazing. and, you know, here's an idea. Give it away. Give it away. Publish it. Let everyone in the world in their kitchen and show them in their kitchen how they can make their own Coke.

5:15For one thing, there's too much sugar in Coke, for God's sake. How can you make it taste better with less sugar? Exactly. Make that a challenge and offer a$10 million price. We look for the best new improved recipe. We're going to launch this new brand, The People's Coke. My prediction, if they were to do that, first of all, I think they lose zero competitive advantage because everyone kind of knows what the recipe actually is. We can reverse engineering. Sugar and water. For God's sake. Two, it's a really cool thing to do. And you could end up with a huge new brand and a lot of delighted customers because you are saying, here we are.

5:52We are committed to generosity. We are committed to a generosity stretch. Any company has knowledge that they could consider turning into a free online course. we're going to give away our competitive secrets because we want the world to get better. We want others to learn from what we're using. And by the way, we want a reputation for being the leader here in this knowledge so that we can recruit the best employees for the future. Wow. I think it could be super powerful.

6:27Thank 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 Podcasts. 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.

7:17Again, have an amazing day and I'll see you tomorrow with another episode of the daily motivation show.