00:05:43.520People who are capable of long-term thinking, and this is thinking in steps, right?
00:05:47.760Long-term planning is like, okay, so if I want to achieve success, I need to get to the fifth point.
00:05:54.300But there's other points all this gets in the way.
00:05:56.860This point five is not achievable without four, three, two, one.
00:06:00.140So it's simple things like if I work out, I'm going to have more energy and I'm going to be more fit and I'm going to be more mentally ready.
00:06:05.900And therefore, I'm going to be better in the meeting.
00:06:07.640And if I'm better in the meeting, I'm going to get the promotion.
00:06:09.300If I'm better in the promotion, then I'm going to have more finances.
00:06:11.640If I have more finance, I'm going to have more free time.
00:06:13.520If I have more free time and I'm happier and I'm fitter, then all this, then I can get to 0.5.
00:28:25.060All right, so poor parents do these three things.
00:28:28.560And we know that if they do these three things, the outcome won't be so good, okay?
00:28:32.560And the reason why they do this is that they're not playing a game to improve their kid's outcome,
00:28:38.560they're playing a game to get along with other parents, okay?
00:28:42.560okay colleagues what does it say don't keep promises okay family okay authority okay so
00:28:54.980another thing this is this police boss okay family okay all right so as a parent you're
00:29:04.700trying to figure out how to negotiate with the police your boss and with your family
00:29:11.940So if you're a poor person, and the police knows you're a poor person, the police is going to bully you.
00:29:18.260And if you fight back, the police will probably put you in jail.
00:29:22.620So it's very important that you accept authority, you don't challenge authority, because if you do, you're probably going to get into trouble.
00:31:07.780parenting style. Let's see, John's parenting style. So my wife and I have three kids, and this is how we parent our kid, okay? First of all, we have our child, we give our child a lot of freedom. So we don't have our kids do activities, okay? We don't have our kids do lots of activities. We don't send our kids to math class, we don't send our kids to swimming class, we don't send our kids to piano class, okay? We just let our kids run around and play.
00:36:05.320Okay. That's a really good question, okay? So we know that there are certain poor kids who do succeed. For example, I'm a poor kid who succeeded. We immigrated to Toronto, Canada when I was six years old, and my father was a dishwasher, so we were a very poor family.