Use This Mindset HACK To Dream Bigger | Peter Diamandis EP 787

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

0:12What's an abundance mindset? An abundance mindset is the belief that there is nothing truly scarce. So we grew up as a human species in scarcity. And our physiology and the way our brain is wired for scarcity. And so an abundance mindset, I'll give you two simple examples and then go into more detail here. If I have an orange tree, I'm 5 '5", I grab the oranges from the lowest hanging branches, all of a sudden oranges are scarce again. Until I invent a piece of technology called the ladder that gives me higher reach, and now I've got access to oranges again. If you've got a pie and you've got a family of four coming over for dinner, but then all your neighbors hear about it and they all come for dinner, you have to slice the pie into thinner and thinner slices.

1:03in an abundance mindset. It's like, bullshit, we're going to go bake more pies. Right. Right? So the realization is technology is turning whatever used to be scarce into abundance. Another great example. We used to go kill whales on the ocean to get whale oil to light our nights. Right? Then we ravaged mountainsides to get coal. Then we drilled kilometers in the ocean ground to get oil. And now we're living on a planet that has 8 ,000 times more energy from the sun than we consume as a species in a year. 8 ,000 times. 2022 is the first year that we'll have more electricity added to the grid from solar than any other form.

1:47And so we're heading towards a squanderal abundance of energy. Fusion is coming down the line. The realization is there is nothing truly scarce. You know, an exponential mindset is we evolved in a local and linear world. Nothing changed, right? The life of your great-great-great-great-grandparents and the life of your great-great-great-great-grandchildren was the same, right, over millennia. That was it. But today we're living in a world where technology is growing exponentially. Things are not changing century to century or decade to decade. They're changing year to year. And so an exponential mindset is understanding how computation, sensors, networks, AI, robotics, 3D printing, synthetic biology, augmented virtual reality, Web3, how all these technologies are just transforming what each of us can do in our lives.

2:42A moonshot mindset is around the idea that the majority of the world is happy with 10%. The majority of the world is like, huh, if I could get 10 % more revenue or 10 % lower costs, that's awesome. But we're living in a world today where you can go not 10 % better, but 10 times better. We see this in our epic entrepreneurs. Astro Teller, who's the head of moonshots at Alphabet, gives a great example. He says, listen, if you're running a car company and you want to go from 50 miles per gallon to 55 miles per gallon, you can probably do that by light weighting the materials, maybe making your aerodynamic a little bit more, changing the tires or a little efficiency.

3:29But if I ask you to go from 50 miles per gallon to 500 miles per gallon, you need to start with a clean sheet of paper and reinvent what you're doing. And when you think about what Bezos did with Amazon, what Larry and Sergey did with Google, what Elon's done with Tesla and SpaceX, those are starting with clean sheets of paper and reinventing the model. So we all can think about our moonshots. It's like, where do you want to go 10 times bigger when the rest of the world is happy with 10 percent? The way it currently is done is not necessarily the only way to do it. And it's first principles thinking.

4:09An example I give in the blogs are when Elon went to go do Tesla. The batteries at the price and the energy densities didn't exist to do this. And so he said, OK, well, how much should they cost? And then going and looking at the spot price for lithium and boron and the materials inside the batteries, realized that it can be an order of magnitude cheaper, but he'd need to do that. So just the way things are right now isn't the way they need to be. You did the same thing with reusable rockets. And so you've got to be clear about your purpose. You need to know what your massive transformative purpose is.

4:52What is that thing that you connect with in your heart and soul that is like you're not going to give up? So for me, my MTP early on was space. It was Apollo and Star Trek got me going. And I wanted to become an astronaut so badly. I went to medical school, half to make my parents happy, other half because if I wasn't a fighter pilot, physicians were the next likely. And when I learned about my chance of becoming an astronaut, like one in a thousand, I mean, really, like very slim. I said, OK, I have to reinvent how to do this. And so you went to MIT and Harvard and anywhere. I was at top of the schools.

5:30I read a book called The Spirit of St. Louis one day that Lindbergh flew from New York to Paris, not on a whim, but to win a$25 ,000 prize. And as a result of that, I said, I'm going to create a prize for private spaceflight. And so my moonshot became opening up the private space frontier. And we did that. We had the$10 million UnSari X prize for spaceflight. We changed the rules and regulations. Virgin Galactic basically bought the rights to the winning technology. I've known Bezos for 40 years. That X price sparked him. Elon. And so we lit the fuse on commercial spaceflight. And that was my moonshot.

6:13My moonshot now is age reversal. How do I reverse human age by decades? Because I want to go to the moon. I want to go to Mars. I want to go and see another star system.

6:31I 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.

6:55Thank you.