Dan Martell - December 27, 2024


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

Topics
upgrade your habits
Hosted by
Dan Martell
Mentioned
James Henry Ford
It’s about what you DON’T do… Meetings are the biggest waste of time

Episode Stats


Length

9 minutes

Words per minute

222.49

Word count

2,180

Sentence count

131

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 .
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
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.