Dan Martell - December 27, 2024


I Taught 100 Kids How to Make More Money Than Their Parents


Episode Stats


Length

9 minutes

Words per minute

222.49438

Word count

2,180

Sentence count

109

Harmful content

Misogyny

1

sentences flagged

Toxicity

1

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode, I teach you how to audit your beliefs so that you can eliminate the limiting beliefs that keep you from achieving your goals. These limiting beliefs are self-sabotaging and hold you back from being successful.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
00:00:00.000 I taught a hundred kids how to get rich and I'm going to share with you the three concepts I
00:00:04.520 taught them to make money fast. They're the same three concepts I used to go from a broke 17 year
00:00:09.400 old to a multi-millionaire today and you can start using them right now even if you're starting from
00:00:13.380 zero. The first concept is to audit your beliefs. Focusing on your beliefs is required to be
00:00:19.220 successful. If you have negative beliefs because you think the world is bad, everything's going to
00:00:22.960 break, the business is going to fail, guess what? It will be true. The world isn't as it is, the
00:00:27.540 world is as you are think about this if i told you let's say i go to reese here and i say reese
00:00:32.180 don't look around but how many blue shirts are there in this room two he doesn't know why doesn't
00:00:38.540 he know because he hasn't been looking for him now if i told you you have 15 seconds to look
00:00:43.620 around the room and count as many blue t-shirts as you possibly can and the most accurate you are
00:00:47.140 you will maybe get a thousand dollar prize i'm not doing this but i'm just saying if i did that
00:00:50.600 Okay? I'll give you five seconds. Go. 0.95
00:00:54.340 I got seven.
00:00:55.180 Perfect. Why does he have seven?
00:00:56.700 Because he looks for it.
00:00:57.800 Perfect. How many black shirts?
00:00:59.600 Don't know. Why? He wasn't looking.
00:01:01.840 Simple example. I want you to know that most adults walk around the world clueless to their environment.
00:01:07.760 You guys would call them NPCs.
00:01:09.640 You know what an NPC is?
00:01:10.720 And I say that because if all you do is decide to work on your mind and your belief,
00:01:16.040 you will see the world differently
00:01:17.860 just by the fact that you're looking for blue shirts.
00:01:21.500 There's two types of beliefs you need to eliminate
00:01:23.520 and believing those things,
00:01:25.020 whether you make them vocal or you're even aware of them
00:01:27.320 will be the self-sabotaging thing
00:01:29.320 that holds you back from achieving it.
00:01:31.020 So I always break down the journey to an outcome or goal
00:01:33.500 down to two beliefs.
00:01:34.740 Limiting beliefs is usually around your skills.
00:01:37.180 What do I believe about myself, my abilities?
00:01:39.660 Who am I to achieve it?
00:01:41.580 Writing them down is how you audit them
00:01:44.220 so that you can look at it
00:01:45.400 and try to think, what habits do I need to add to my life
00:01:48.240 or what do I need to learn so that I can overcome
00:01:50.320 these limits around my belief of achieving that goal?
00:01:53.180 The second is negative beliefs.
00:01:54.940 And these are even worse because you might want to be rich,
00:01:57.900 but you might have a negative belief about rich people.
00:02:00.060 You might think that they're greedy,
00:02:01.340 that they're overcompensating, that they're selfish.
00:02:03.460 How fast are you gonna run to that goal
00:02:05.800 if you think that rich people steal from other people
00:02:08.000 thinking you're a thief?
00:02:09.160 And you won't even know that you've hit a wall
00:02:11.000 internally in your mind until you do this audit.
00:02:13.380 So there's three questions you wanna ask yourself
00:02:15.600 to bust beliefs.
00:02:16.900 Number one is, is it true?
00:02:18.800 Is it actually true that rich people are evil?
00:02:21.680 No?
00:02:22.180 Interesting.
00:02:22.980 How old is it?
00:02:24.040 Where did you learn this?
00:02:25.300 Go way back because something tells me
00:02:27.940 that your money beliefs today aren't from last week.
00:02:30.500 They're from when you were younger
00:02:31.560 and they need to be audited.
00:02:33.140 The third is, what needs to be true for me
00:02:35.080 not to believe this?
00:02:36.040 If I believe that rich people are greedy,
00:02:38.020 but I make a decision that I give 10% of everything I make
00:02:40.520 to charity for the rest of my life,
00:02:41.860 then it'll never be true.
00:02:43.380 when you align your beliefs with your goals success becomes inevitable the only limits that
00:02:48.740 exist are the ones you place on yourself they're not real they're self-imposed henry ford used to
00:02:53.860 say it all the time whether you think you can or you think you can't you're right it's like a car
00:02:59.380 if you're driving with the handbrake on then these limiting or negative beliefs are going to hold you
00:03:03.380 back fix this problem and it's like dropping the handbrake and stepping on the gas full steam what's
00:03:08.180 What's the most valuable lesson you've learned to get?
00:03:10.240 The biggest one is this.
00:03:12.060 Nobody else needs to approve of me, change the way they are, say anything for me to be successful.
00:03:18.300 And that one's a tough one.
00:03:20.100 You'll be in a relationship and wish the person acted different.
00:03:22.840 You'll have all these things you'll wish of other people.
00:03:24.920 And I'm telling you, the moment you can get it in your heart to realize nobody has to change.
00:03:32.480 Nobody has to do anything.
00:03:34.000 Nobody has to be anything for me to win.
00:03:36.660 That's the day.
00:03:37.420 whole world opens up. That's the most valuable asset I've ever learned in my whole life.
00:03:41.860 That's a great question, man. But you can't build success from beliefs alone,
00:03:45.840 which brings us to the second concept, which is to build your skills. When I was 17, I fell in love
00:03:51.320 with coding. It became the thing I did all the time. People are going to value others that can
00:03:55.720 help them make more money or save time. Building a skill around those areas is the key to becoming
00:04:01.720 more valuable. These are the four most in demand, high income skills that anybody can learn today.
00:04:07.420 the first one is editing video editing right now is the biggest demand out there everybody needs
00:04:12.460 a video editor number two is copywriting learning words so that you can help people sell things
00:04:17.260 number three is sales learning the craft of persuading somebody to make a decision huge
00:04:22.780 number four is ai it is here and people need help integrating it into their business and these are
00:04:28.220 the four most high in demand income skills that any person can learn today so figure out what skill
00:04:34.940 you want to do. Just decide to do one thing and build that skill. The way you know if you're doing
00:04:40.420 it is you have to decide to be best in class, best in your city, best in the world. Be a professional
00:04:46.020 at it. Ask yourself, do I attack learning this the same way a professional athlete would attack
00:04:51.280 their training? The cool part is, is if you develop this, you could have everything in your
00:04:55.800 world taken from you. But if they can't take that skill, you'll be able to use it to go create more
00:05:00.460 in your life. The key though is you have to allow yourself to become obsessed. No person you admire
00:05:05.380 has ever achieved that level they're at without becoming obsessed around the thing they got great
00:05:09.220 at. I just think that too often people jump from skill to skill and they go an inch deep and a mile
00:05:15.160 wide when they actually have to go an inch wide and a mile deep to go be great at it instead of
00:05:21.700 trying to do a lot of different things. There's no successful person in the world that won't tell you
00:05:26.400 that when they decided to go learn at least one skill
00:05:29.740 that was valuable to the world,
00:05:31.120 and that skill could be editing videos like my son, Max,
00:05:33.920 could be sales.
00:05:35.080 You could be a person that knows how to sell
00:05:36.760 and you have a buddy that's got a product
00:05:38.120 and you can go talk to the market and make some sales
00:05:40.660 and that's how you become valuable.
00:05:42.360 Over here, we're gonna go right here.
00:05:43.720 My name is James.
00:05:45.160 My question was, if you're 18 years old
00:05:48.220 and you run a company generating
00:05:50.100 over six figures worth of income,
00:05:52.080 what would you do with your extra capital
00:05:53.580 to make it work for you?
00:05:55.060 So James, the world pays you based on the value you create.
00:06:00.200 And we call that the market.
00:06:01.480 And if you create value by solving big problems, you make big money.
00:06:06.120 If you solve little problems, you make little money.
00:06:08.740 The reason I say this is that the most valuable thing you can do, James,
00:06:12.480 is invest in you becoming more valuable to the market.
00:06:15.880 So you have a business, I'm assuming?
00:06:17.720 Yeah.
00:06:18.100 Okay.
00:06:18.420 Do you know what the number one bottleneck is in your business from growing right now?
00:06:22.220 I got too much work and I can't do it all myself.
00:06:24.560 Yep.
00:06:25.060 your number one problem is to figure out how to hire train and delegate the work does that
00:06:29.460 make sense if you have extra money and you invested in anything other than solving that
00:06:34.660 problem it's actually not very efficient because what are you going to go make eight percent in a
00:06:39.140 market or something if you actually had three of you how much more money could you make in a year
00:06:44.980 three times yes if you want to make more money the equation is simple become more valuable to
00:06:50.580 the market if you have any extra money the only place you should invest it in is in you becoming
00:06:56.340 more valuable to the market and then that way you get paid more and the day that you actually and
00:07:02.260 it's a beautiful thing when it happens you have more money coming in profit than you can reinvest
00:07:08.260 in yourself because you don't have the time to absorb any new stuff then you take that money
00:07:12.900 and you put in other stuff does that make sense totally awesome for james three two one but skills
00:07:18.580 and beliefs alone don't mean anything if you don't do the work. Which brings us to the third
00:07:22.560 concept, which is upgrade your habits. In my 20s, I had zero good habits. I would wake up at
00:07:28.660 different times. I would stay up late. I would sleep in. I would miss meetings. It really stalled
00:07:33.960 all of my success because I didn't have a foundation to build off of. And that's where
00:07:38.260 I learned these concepts. First off, you can't shoot a cannon from a canoe. If you don't build
00:07:43.040 a foundation and you have this massive vision, but the foundation is like a shaky canoe standing
00:07:48.060 the middle of a lake, the moment you shoot that cannon, boom, you're in the water. You need to
00:07:52.640 build that foundation so that you can take some big shots on goal and win. I can literally look
00:07:57.160 at your habits for the last week and tell you what your future is going to look like. Because
00:08:00.940 who you are today is a reflection of habits you chose six months ago. It's like an echo of past
00:08:06.540 decisions. So if you start making good decisions now, I can tell you what your future is going to
00:08:10.880 look like. Most kids have bad habits, being on their devices all the time, not paying attention
00:08:15.920 to the parents. They don't have positive habits like waking up early, going to the gym, eating
00:08:20.000 good food without sugar. Those habits set the foundation for compounding growth. If you don't
00:08:25.480 have them, you can't grow. Or some of the bad habits you thought were good when you were younger,
00:08:29.920 but as you grew older, you thought... That's a baller question. I mean, every habit I don't
00:08:35.100 have anymore, and it's not that I thought they were good. I just didn't think they mattered.
00:08:39.820 So let me think about that. Sleeping in doesn't matter. Matters a lot. Eating whatever I want.
00:08:45.120 turns out you'll get fat. I would go to Burger King for every lunch, wing night, Thursday nights,
00:08:51.180 all you can eat wings for like 17 bucks. I used to eat like a pig. Guess what? I woke up one day 0.88
00:08:55.320 and I was 265 pounds. So the other one is I used to isolate. The reason why I love writing code is
00:08:59.820 I could just sit there, write code and not talk to anybody. And it was very therapeutic. It was
00:09:03.260 actually probably what I need at the time. And I thought it was good, but it turned out to be a bad
00:09:07.020 way to actually be successful because nothing you create in life is in a silo. So the reason I have
00:09:13.120 everything i have all my companies is because i have people there's all these things that i thought
00:09:17.200 didn't matter that turns out they matter a lot does that make sense actually
00:09:22.080 thank you hey dude for me there's only three habits that every kid can implement in their
00:09:26.640 life today that would change the game number one wake up earlier than you wanted to two
00:09:32.160 read 10 pages of a book every day to feed your mind three go work out get your sweat on anything
00:09:38.000 counts, feed your body. And that's how I taught 100 kids how to get rich. Now, if you want to
00:09:43.140 learn how CEOs get more done in a week than most get done in a year, click the video and I'll see
00:09:47.240 on the other side.