00:03:53.120Andy, I work with a bunch of people who are twice my age.
00:03:57.680And one thing I've noticed is that a lot of them seem disappointed with how life turned out.
00:04:04.000They don't say it out loud, but you can feel it.
00:04:06.580And you've been speaking on perspective a lot lately, and it's changed how I am now looking at my life now.
00:04:12.560So what are some of the biggest and most common mistakes you see people in their mid-20s make that lead to that type of regret later on?
00:04:21.280Not taking their 20s seriously and punting them away and thinking that, you know, they should go travel the world and experience life and party it away and eventually they'll figure it out.
00:04:32.180People underestimate how much time and dedication and energy it takes to actually build what we call, you know, the American dream.
00:04:42.560and we have, and by no means am I saying
00:05:08.220and everybody else stops to tie their shoes for 10 years,
00:05:11.920then you're 10 years ahead of them and that's where the people who actually build the lives
00:05:16.880that they really want that's where most of them get that space from they get it from their 20s
00:05:22.760that most people just you know kick down the road and act like it's it's no big deal and we have a
00:05:29.320lot of people on the internet who tell people um you know you got plenty of time you got plenty of
00:05:38.920time you got plenty of time yeah that's kind of true but do you maybe want to win or do you want
00:05:46.940to win for sure and that's where you gotta really take it serious so i think like getting serious
00:05:52.820about what you want to be and who you want to become and what you're trying to build and what
00:05:57.520your goals are earlier in life the better okay the other thing is is i think a lot of people
00:06:03.760you know they ruin their lives by attaching themselves to too much debt okay they they
00:06:15.120they get too much debt too soon which locks them into a career where they can't afford
00:06:21.000to pivot right they live beyond their means in their 20s because they want to show off to
00:06:27.040everybody which by the way you can't really show off in your 20s everybody's broke that's right
00:06:31.680OK, like your new Jordans or your brand new, you know, M3 or whatever that you're financing out the ass.
00:06:38.480Like, dude, that's going to come back to bite you because that locks you into a place where you don't have the freedom to make pivots and choices.
00:06:45.040So living below your means for as long as possible is a huge part of it.
00:23:31.280And as a young person, it can be very difficult, especially like when you've never met someone in real life who's actually built something, right?
00:38:54.360i know what it's like to live like that i know what it's like to live my life now and there's
00:39:00.740not a single thing that i would fucking change about it i would there's nothing i look back and
00:39:05.440say oh man i wish i'd done it there's things i look back and i'm like man you know i could have
00:39:09.640went on that late trip yeah i could have went to that do that vacation those are things that that
00:39:14.560i do i recognize but i try to adjust that moving forward and maybe something happens to me and i
00:39:19.820don't get to do it but the growth happened because i realized it yeah so like we're always making a
00:39:25.580trade but i can promise you the trade for being poor and being in poverty is worth the trade of
00:39:33.240the effort and the investment required what most people call sacrifice to become not that way it's
00:39:39.520just worth it and and you're not going to hear anybody that's ever done anything that you say
00:39:44.960you admire that's going to look back and say yeah i wish i hadn't done that you never hear
00:39:49.320have you ever heard that i've never known have you ever heard a wealthy person say man i wish
00:39:54.420i hadn't done all that work i wish i hadn't built that thing i wish i hadn't uh you know
00:40:00.600take all that time to do that you don't hear it bro all you hear it is from other broke people
00:40:06.940that say shit like well i bet he's not happy that's just them justifying their shit so like
00:40:12.780i've never heard that i've never heard someone say ever that is successful that have built it
00:40:21.280themselves say they regret doing it i've i've never fucking heard it one time so how can that
00:40:26.620be a sacrifice of anything yeah when you were explaining this i was also thinking the people
00:40:31.200who say that they don't want to make the sacrifice end up making the biggest sacrifice yeah because
00:40:37.620that when they don't go for it and in the at the end of their lives they regret they wish that
00:40:42.440that's right they could have done it they just can't see that now you've said this over and over
00:40:46.500the biggest risk is not taking the risk and when you think about what it could have been if i would
00:40:52.920have gone for it i can't think anything worse i can't think anything worse it's crazy man i love
00:41:01.060it dude let's get uh we got one more for you third and final question uh question number three
00:41:06.500Andy, last year I started my own construction business and things have been going well and I've been staying busy and what I believe to be a pretty good long term plan.
00:41:16.960I want to build up my customers for a few years and focus on quality and building a stronger customer base and reputation.
00:41:23.720I know the analogy which you speak about baking a cake and trying to turn up the temperature to get it done faster, et cetera.
00:41:31.880but also I've heard from your show and others about how things are different now and there's
00:41:36.980not much time, possibly just a couple of years to get a spot before it's not possible anymore
00:41:42.480with just the way the world and the government is heading. I'm in my mid 20s and I believe a lot of
00:41:49.720what my generation misses that I try to implement and that building up businesses and really
00:41:54.720anything worthwhile is that it takes time. I am perfectly OK with that idea. And like I said,
00:42:00.440what I believe I have to be a really good set out long term plan and just letting the cake bake.
00:42:07.000I really want to do right and take my time, but I feel like my plan may have to change because of
00:42:12.960the times we're in. Everyone that I know that is successful in business personally and the guys
00:42:17.900that I like to listen to, like you, have all built their businesses to great success over long
00:42:23.620periods of time and consistency. I guess my question is, should I still be OK with my plan
00:42:29.620or do i need to change course to make things happen quickly because of the times we're in
00:42:34.420i'm afraid to make a shitty burnt cake that way if that makes sense yeah 100 that makes sense okay
00:42:39.640first of all there's always going to be opportunity to win okay are times changing absolutely do you
00:42:51.460have 20 years to do uh whatever i don't fucking know nobody knows what's going to happen bro we
00:42:59.280could get a nuclear war who knows okay do you have the technology available to move much faster
00:43:06.900than people like me yeah i know dudes that are 30 years old that have built amazing companies
00:43:12.140in a much faster time frame because of what was available to them that wasn't available to me
00:51:20.740in the beginning of my business journey okay from 99 to 2007 8 there was lots of competition
00:51:32.240all right because per our first question i lived way below my means and i really couldn't afford
00:51:41.660to do anything other than that i was actually in a really good position because i didn't owe
00:51:46.540anybody anything so when 2008 happened and the economy got tight a ton of our competitors went
00:51:52.960out of business all right when they went out of business we gobbled up the market share all right
00:51:58.8202020 another another same thing happened only this time we were in a position with some resources to
00:52:06.360gobble up the business so we're going through another one of those transitions right now we
00:52:10.960You know, where if you don't adapt or you lack the ability to adapt, they're going, those companies are going to lose, which is going to open up market share for people that understand how to operate now.
00:52:22.340So you guys who don't have anything and you don't have the momentum, you should understand.
00:52:28.320And you don't have bills and you don't have a mortgage.
00:52:30.420You know, you're at a massive advantage, dude, because all these other guys that you're competing with do.
00:52:36.760so they they are likely going to ride their shit to the bottom because most people who have been
00:52:45.440successful develop an ego and that ego tells them what worked five years ago is going to work
00:52:50.960today and business is moving so quickly that what you did six months ago might not be working today
00:52:56.900so when you develop and this is why i tell you guys like people who have won
00:53:01.360one are actually the people who most frequently lost because they attach their identity to that
00:53:07.000one win and they refuse to adapt moving forward when you're young and you're hungry and you don't
00:53:12.060know what the fuck you're doing you don't have any egos so you're willing to adapt and do whatever
00:53:17.260is required which allows you to learn the skills that are required right now that puts you at a
00:53:22.640massive advantage over even companies that may be established for 20 years a lot of those companies
00:53:28.200are going to go out of business and the market share is still going to exist and somebody's
00:53:32.200going to take it. And for those of you who have been in business and you're like at a point right
00:53:37.000now where you're like, things are shrinking, you better figure it the fuck out. You better adopt
00:53:41.220the new technologies. You better figure out what the fuck is going on or you're going to get eaten
00:53:44.340up. So like, but these times excite me. These are the times that excite me because I don't attach
00:53:51.620my ego to anything that I've done in the past. I look at every day as a new day. It's one day at
00:53:57.260time for me. That's how I view my life. What's it going to be today that I get a win today?
00:54:03.120Okay. And I don't care about what I did yesterday or a year ago or five years ago or 10 years ago.
00:54:08.320I don't walk around saying, oh yeah, I fucking won, you know, and I made all this money and I
00:54:12.920want, that's not my identity. My identity is am I winning fucking now? Am I winning now? I don't
00:54:19.060give a fuck what I did five years ago. I don't care what I did 10 years ago. I don't care what
00:54:22.600i did 20 years ago now i talk about it here for perspective and reference but i certainly don't
00:54:28.340walk around beating my chest on that i come to work i do my thing i go after my shit just like
00:54:34.060i tell you guys to still today which is why we've been in the game so long and we continue to
00:54:40.200fucking dominate it's an attitude okay so like you guys you guys got to understand dude you're
00:54:49.000at a massive advantage over most people you you guys who don't have shit going on right now
00:54:53.480because whoever you perceive yourself to be competing with in business there's going to be
00:54:58.580a lot of them that fail when they fail you could eat up their market that's the reality business
00:55:04.240that's how it works dude that's how it works we go through cyclical cycles and one of the biggest
00:55:09.420things for long-term companies that makes them successful over decades as opposed to having a
00:55:15.680three or four year run is that they're willing to throw away the old blueprint and create a new
00:55:21.460blueprint today as if today is the first day and that's how we've always operated we've always
00:55:26.360operated that way we don't we don't say oh that worked five years ago so let's keep doing that
00:55:30.720we say what's going to work now and we fucking throw that shit in the trash that's real bro
00:55:36.060i love it man that's a hell of a way to uh get better today yeah so uh guys that's three all