The Tucker Carlson Show

00:00:00.000 there's a spirit of sadness and discouragement that has descended on the country you can feel

00:00:16.000 it you could see it in the new year celebrations that weren't very celebratory and you certainly

00:00:20.400 notice it when you talk to people people you know well people who are paying some attention even

00:00:24.760 those who aren't they seem down they're anxious of course about this year which is going to

00:00:29.280 transform the world there's no question about that but they also seem a little defeated and sad what

00:00:35.120 is that exactly you don't need to be a guru to sense it it's real and how should you respond to

00:00:42.240 it and so that's a question we've been thinking about a lot this week and one of the people we

00:00:45.900 want to pose it to is a very smart man one of the most famous people in the world Tony Robbins

00:00:49.200 a life strategist of obviously one of the best-selling authors in the country and he joins us now in

00:00:54.280 studio Tony thanks a lot for coming on good to see you again do you know what I mean when I say the

00:00:58.520 spirit of sadness do you see it around you and what is that it's sadness and it's anger too yeah

00:01:03.320 you can't travel without seeing it with people on airlines it's pretty extreme people have lost

00:01:06.920 their patience after COVID but the anger usually comes from fear yeah and there's a lot of fear

00:01:12.040 about the future because there's not a compelling future if you ask people what's the vision for

00:01:15.720 the future for this country I mean for days of John F Kennedy he would talk about you know where

00:01:20.120 we're gonna go we're gonna go to the moon right and from the world you know we're gonna bring freedom

00:01:23.720 everywhere may Reagan had his view of the you know the city on the hill and here's what we're

00:01:27.800 gonna become but if you ask today I don't think most people have a clear vision and without a vision

00:01:31.880 people perish it says in a really good book I call the good book but what's missing is a compelling

00:01:37.000 future what I mean by compelling future is anybody can deal with a difficult today if they know they

00:01:41.800 have a really amazing tomorrow they're moving towards but when people start thinking young people

00:01:46.280 today I'm not gonna have a kid because in 12 years the whole world's gonna end right you know

00:01:49.880 because the environment is obviously not true or there is no future because every party says the

00:01:55.080 other party's gonna destroy the world destroy the country people without a vision just have no

00:01:59.240 direction and so it's up to us to become more emotionally fit and by the way this is not new

00:02:04.040 that's wise yeah every everybody thank you but everybody whose studies history knows things happen

00:02:10.120 in cycles and as the most simplified version a couple years ago you and I talked about this real

00:02:14.440 briefly but think of it this way man transformed humanity transformed from survival hunting and

00:02:20.600 gathering to actually having a community by figuring one pattern recognition which was seasons when you

00:02:25.880 recognize the seasons you're not panicked you're not freaked out why is it getting so cold and if you

00:02:30.280 understand the seasons you know I don't have to hunt and gather I can plant in the spring but if I

00:02:34.840 plant in the winter and work very hard I get nothing I have to do the right thing at the right time so we

00:02:39.880 have to become aware of what season we're in so springtime in a person's life springtime in an

00:02:44.920 economy is easy when you I've got a little two and a half year old I've got five kids and five grandkids

00:02:49.240 so I've got a 48 year old daughter and I've got a two and a half year old daughter so I've got the

00:02:52.440 whole range speaking of seasons speaking of seasons but if you look at my daughter I'm she's learning

00:02:57.560 chinese spanish english she's playing the piano she's doing all these fun things the two and a half

00:03:02.920 learning is the easiest thing in the world when you're in a springtime economy you think you're a genius

00:03:08.120 with your business it grows because everything's growing right that's right but life is always

00:03:12.600 good times challenging times that make us grow so then we have a summer summer's always more

00:03:16.520 challenging it's hot and difficult and you got to push through what was growing real easy is not so

00:03:21.400 easy to do anymore people start to panic but if you stay strong and you keep pushing forward and keep

00:03:27.000 growing you get to go to the fall another easy season a beautiful season now people don't want to

00:03:31.080 loan you money and give you a house even though you don't have an income you remember those days

00:03:34.760 very well there's easy money stock markets go crazy these seasons last about 18 to 20 years

00:03:40.120 they go every 80 year like cycles you can see them in a thousand years of history and let's say roman

00:03:45.640 history of about a hundred year cycles 25 years now they're 18 20 year cycles but what follows the

00:03:50.200 winter what follows i should say the reaping time is the winter some winters are long some are short

00:03:55.800 some are hard some are easy but you never go from reaping straight to spring and we're in winter right

00:04:00.200 now it's we're about depending who you study historically we're halfway two-thirds way through

00:04:04.840 it where there's challenges economically where there's tremendous fear each season has a different

00:04:09.480 emotion until we exhaust it even optimism you ever smile so much your face hurt yes so that's what's

00:04:14.760 like in springtime summertime there's inner conflict within the country fall everybody's reaping

00:04:20.280 again not everybody but certain people winter it looks like it's never going to happen it looks

00:04:24.520 like here's the truth no war lasts forever no pandemic lasts forever no economy lasts forever

00:04:31.000 and what if you were god if you were the universe how would you set up after the really rough night

00:04:35.000 you'd have a great day and that's pretty much the season so we're in winter and we have to retool

00:04:39.400 ourselves for this time because right now people have more fear it's exaggerated and the media helps

00:04:45.800 the media is not bad people as you well know it's good people doing their job their job is take care of

00:04:50.120 their shareholders how do you do that you get attention how do you get attention fear and anger

00:04:55.080 get it more than anything else that's why we have clickbait the minute you click on it even though it's

00:04:58.680 not true you get group gets paid so we live in a world where fear sells and we're being hit on it

00:05:05.640 everywhere you don't have to go get it it comes to your pocket so we have to rewire ourselves it's

00:05:09.320 like if i said to you take your car and go on a 24-hour le mans ride you can have a really nice

00:05:14.200 mercedes ferrari whatever you think it is it's not gonna last you've got to retool it or there's

00:05:18.200 desert races thousand miles if you don't have the right sprockets in there if you don't have

00:05:22.680 something that when you drop down to the sand can still bring the air into the car you're not there

00:05:26.600 so my view is you've got to retool yourself you've got to train yourself this time and you also have

00:05:31.080 to know it's not forever the other side of this is going to be a new springtime but we're going to

00:05:35.240 have to go through some challenges first and they could be severe and most of these extended winters

00:05:40.360 we've had some kind of war this case might be a cyber war with china or something of that nature

00:05:44.520 but there is another side and it requires faith and determination to move forward and it requires

00:05:49.000 you focus on what you can control versus what you can't that's right a friend of mine was saying the

00:05:53.480 other day oh my god you know this man's a really smart guy uh very successful man i've known him

00:05:58.920 for 35 years i've coached him and i get coached by him we've kind of pitch and catch with each other

00:06:04.200 and he's saying i'm so worried he's also jewish and he's like do you see what's happening in the

00:06:07.240 world and what if there's somebody drops a nuclear bomb and i said you taught me years ago he taught me

00:06:12.200 don't ever look at the worst case scenario because if that happens we're all screwed and

00:06:15.400 it doesn't matter we'll have to figure it out and i said if somebody drops an nuclear bomb you won't

00:06:18.760 even know you'll be vaporized so living around in fear about it's not it let's focus on what we can

00:06:23.080 control let's focus on what is here and then you start to build and so i i really think that people

00:06:28.520 need to build a path from where they are to where they want to be and that's really my focus in helping

00:06:34.040 people to do that what a wonderful explanation so you don't think i mean you think winter's inevitable

00:06:40.920 if i'm yes yes because it always is and it always follows good times but it's not the end

00:06:48.200 no and when things are going bad they think it's going to be bad forever when it's going

00:06:50.680 good people think it's going to good forever life is cyclical what's the upside of winter

00:06:54.920 well if you don't whine about and complain about it you get strong when i started my business it

00:06:59.800 was 18 percent interest rates when i hear people today saying i can't buy a house at seven percent

00:07:03.720 interest rates i think today it was 18 percent interest rates people be sacking the white house

00:07:08.120 you know people have such a different expectation but it made me incredibly strong i was in the middle

00:07:12.600 of stagflation all those things that we're starting to consider may happen again i went through all

00:07:17.000 those things but it made me strong and i've had dozens and dozens of people come and go in my

00:07:20.920 industry and here i am 46 it'll be my 47th year coming up here i started when i was three you know

00:07:26.840 but in 47 years i'd be an idiot not to see patterns patterns that control we think how we feel what we do

00:07:32.200 the results we get there's macro patterns in the world and there's micro patterns inside of you

00:07:37.400 you don't get angry every moment you get angry certain times you don't overeat every moment only

00:07:41.320 we get triggered certain ways so showing people how to create a path from where they are where they

00:07:45.720 want to be regardless of the outside world to me is the most important thing and there's joy in

00:07:50.040 winters maybe different kinds well you can snowboard i mean some people freeze the dead other people

00:07:55.880 snowboard some people you know have more time with their family some people get together and say

00:07:59.720 hey it's time to really redevelop my career maybe retool myself right now for what's coming so i can

00:08:04.840 take advantage because ai and robotics and nanotechnology are all coming faster than people

00:08:09.800 think it's going to massively disrupt some jobs will be new jobs but you're gonna have to retool for

00:08:14.280 them or otherwise you'll be left behind i gotta say you're just reminding me that um you mentioned

00:08:19.160 coveted at the outset which was i think by any measure no matter what side you're on was a disaster

00:08:24.280 but it was also for some people some small percentage of us a really really happy time i'll speak for

00:08:29.080 myself it was one of the happiest times of my whole life oh that's because i got to be with

00:08:32.600 my family well i had a similar experience you know i've lived 275 days on the road since i was 17

00:08:37.800 years old traveling you know 30 countries a year and uh suddenly i'm getting calls from gavin newsom's

00:08:44.200 office saying guess what your convention here the stadium with 15 000 people 100 people in the

00:08:49.480 stadium like how's that going to work right it's not worth the airfare not going to happen so i said we'll

00:08:53.560 go to vegas we'll move to vegas they'll never shut down vegas one week out from the 12 500 people

00:08:58.360 they shut down vegas then i said we'll go to texas the governor there he's tough he won't shut

00:09:02.760 down yeah he's tough yeah he shut down of course he did theaters we opened all these theaters we'll

00:09:07.080 put 10 people in each theater we'll do 1300 theaters we'll have 13 000 people to work out at least have

00:09:12.840 a group and you know small group of people on big screens and music and they shut down the theaters

00:09:17.720 so it's like so i had to figure out how to serve people so the first thing i did was i built a studio

00:09:23.000 25 000 square feet and i built these screens 20 feet high and led 0.67 so i can see every better

00:09:29.240 than if you and i here in person because you're bigger too and i can see all these people at once

00:09:33.880 swipe and see another group and so i grew my seminars from the 15 000 people to 40 000 people

00:09:39.480 because now i have people from 195 countries attending and they were in their homes and

00:09:43.240 i didn't think it could convert that but by bringing him on i worked with the founder of zoom and

00:09:47.480 i made it so that we could bring people up on screen not just a thousand but being bring 25 and

00:09:52.040 30 and 40 000. i made some software so when people instead of clapping they'd shake their phone sends

00:09:57.320 an electric signal so it's one person you don't hear about 25 000 30 000 it shakes the building so it's

00:10:03.160 real and so i once i did that and i started my biggest seminar was a million and a half people last

00:10:08.600 year for what was it for four days three days and it was from 195 countries every person in the world

00:10:16.040 and people had such huge transformations i did it for free because people are stuck at home

00:10:20.840 so i made that my tradition and i've done that now for four years in a row for free

00:10:25.080 for free and just said i don't want money i don't want time i don't travel get in your way

00:10:28.760 and this year i'm gonna do one for three days i'm doing january 25th through the 27th and it's just

00:10:33.320 two and a half to three hours a day instead of going to a movie come with me at you know two o'clock

00:10:37.960 in the afternoon eastern but i have people from 195 countries attending so and it they'll have a pathway

00:10:43.480 and what i mean by pathway is this what we're being called to by all these problems

00:10:48.520 if you let the sadness or depression or fear overwhelm you or anger you're making no progress

00:10:53.880 it'll blow you up but you need to understand that all this disruption is a call you went through a call

00:10:59.800 when fox made a change with you yeah a call is something disrupts your life is the hero's journey

00:11:04.520 right you look at all the stories of mankind and you look back and you see there's this same path and

00:11:08.840 you can make it really complex i like a simpler version first simple version is your life is

00:11:13.240 seeming good or bad and then something disrupts it you go through a divorce you suddenly have a health

00:11:18.440 problem somebody in your family has a health problem there's a you lose your job or something

00:11:22.520 happens to the economy or covet or whatever it doesn't have to be within your control and what

00:11:26.520 does that require it means you got to be called on a new adventure it makes you get out of your comfort

00:11:31.560 zone that's where we are right now you either fall back and freak out or you discipline your

00:11:35.560 disappointment and you move forward and what happens you go on a journey and on that journey

00:11:40.040 you're going to face all kinds of demons and challenge and dragons you're going to meet some

00:11:43.720 new mentors you're going to develop some new skills and if you do the hard work and push through

00:11:48.520 you'll make the aside you'll be transformed you'll be the hero of your own life and you can

00:11:51.720 bring back what you've learned and help other people and it's not that hard i mean i'll give you

00:11:55.560 seven steps real fast i'll get to members of the first four because the other three kind of take care of

00:11:59.560 themselves step one what's make somebody go on a journey is when they unleash or awaken their

00:12:04.840 deeper desires so for you and i don't know for sure but my bet is the fox situation was disruptive

00:12:11.800 but it also unleashed within you new possibilities i could do this on my own terms i could do things

00:12:16.200 more international i'm not going to be limited what someone else tells me i can or cannot do

00:12:20.280 and i know you weren't limited very much before but you have total freedom now to do it but as you

00:12:24.040 go on that journey you got to build a business you used to work for someone else yeah and you got

00:12:28.040 to bring people in and they're not all going to perform and then you discover some people even

00:12:31.560 so loyal to are not quite as committed as you are they're not doing the job and you have to take on

00:12:35.640 things you probably didn't want to take on you're spending your time looking at the big issues and

00:12:39.560 dealing with things but at some level you got to deal with the business and so along the way you'll

00:12:43.560 have to deal with those challenges you'll find new people you'll find new mentors you'll develop new

00:12:48.040 skills and they decide you'll be better off than ever before and be able to come back and help more

00:12:51.960 people but you have to know what is it you want and why do you want it because it's like new

00:12:56.600 year's resolutions why don't they work because when you do new year's resolution you're just

00:13:01.560 saying what you want to have happen right it's not really a resolution when you resolve something

00:13:06.600 that means you cut off anything except what you've committed to people don't resolve it go i kind of

00:13:10.440 like this most people don't have much of a plan but if you know what you want with real clarity and

00:13:15.720 why you want it now you're on the path so for example someone says how do i know i'm going to get

00:13:20.840 where i want to be financially how do i know i'm going to get where i want to be in a relationship or

00:13:24.120 in my business or career first step is what do you want if you don't know what you want you're

00:13:27.800 not even on the path if you know exactly what you want you get really clear and you know why you want

00:13:31.960 it you got enough reasons to push you through now the second step is you got to find and face the

00:13:36.520 truth and that's what has to happen for everybody find and face the truth means see the gap between

00:13:42.040 where you are and where you want to be there's always a gap if you're honest so instead of well i'm

00:13:46.920 big boned is what i used to tell myself when i was 38 pounds heavier no i was freaking fat that's what i was

00:13:51.800 right but i'd say i was big bone i have same bones i'm 38 pounds lighter and stayed this way for 35

00:13:56.120 years right but when i had that mindset you got in the way so you have to say here's where i am

00:13:59.960 here's where i want to be and you have to be honest it's not where i want to be it's uncomfortable but

00:14:04.360 then the second part is you got to uncover face the truth what has gotten in the way in the past

00:14:08.920 and there's only five things usually fear fear of failure for success or of unknown fear of not

00:14:14.040 looking good for all those things or two a limiting belief like i've tried everything once you

00:14:20.360 believe that you don't even try anything anymore someone trying to lose weight that's the common

00:14:23.720 one they'll say because they've tried a bunch of things didn't work or um all the good ones are

00:14:28.120 gone you know right all right or they're gay and i'm not or i'm gay and they're not or whatever the

00:14:32.120 story is there's a story a belief system that limits them and so it keeps them from maximizing their

00:14:36.600 ability third thing that could have gotten in the way some other emotion overwhelm stress anger

00:14:42.200 resentment those things just shut down your progress so you have to make a change fourth thing that it

00:14:47.720 could be for you well it could really be that you just got some bad habits it's like people about

00:14:53.320 52 percent of what most people do in a day and i don't know where they come up with these stats

00:14:56.360 some say 48 some say 52 roughly half is all automated automated it's it's habit you're not even

00:15:02.600 thinking right that's for sure and what's good about that is you don't think about driving your car

00:15:06.840 what's bad about that is you get stuck doing the same things over and over thinking the same

00:15:10.520 thoughts having the same feelings not really changing so you have to say oh there's some habits that need to

00:15:15.480 change i i want to lose 24 pounds and my first thing in the morning is go to starbucks and have

00:15:20.680 a mocha smoke or whatever and it's just you're not going to get there you have to have a different set

00:15:24.680 of habits and then the fifth one is or were you missing a skill like for example some people don't

00:15:29.640 know what to do financially they don't have invest and so they don't do anything and then you wake up

00:15:33.640 figuring out why am i so broke well you're broke because you're a consumer you're not an owner you know

00:15:38.680 so you have to look at what what skill do you need to get is there a skill for running your business

00:15:43.560 when i started my business i had no skills i had passion i had desire i had hunger i had great

00:15:48.760 abilities but i didn't know how to run a business so i learned those skills now i've got 114 companies

00:15:54.760 we do seven billion dollars in business across all kinds of different industries you can imagine it's

00:15:59.560 like it's the most fun thing in the world because i know how to do it so if you know what you really

00:16:03.400 want and you face the truth and find the real truth then you've got to put a massive action plan

00:16:08.520 together and that just means not a perfect plan but just what are some things you do immediately

00:16:12.680 start making progress because as you make progress new insights will come to you and then the fourth

00:16:16.840 one and i'll finish with that the others are quick is just you have to then do the hard work

00:16:21.960 you got to slay your dragons you got to slay that limiting belief or that anger or that hurt or that

00:16:26.440 sadness you got to create that compelling future you got to go get that skill and then after those

00:16:31.240 first four steps you'll have momentum now you just need a daily practice something that puts you in the

00:16:35.080 place of doing the right thing each day so it becomes a habit you need to measure measure more

00:16:40.200 often when i take over a company the first thing i do is measure more often and i find the things that

00:16:44.120 matter and i'll measure them not once a year then you have a bad year measure once a month you're not

00:16:48.360 going to have bad years you got 12 times to make it better measure it once a week you won't have bad

00:16:52.280 months measure it once a day and some companies when i take over i'll measure some things three or four

00:16:55.880 times a day because where focus goes energy flows and so now all of a sudden you're measuring and

00:17:00.600 improving even doing the daily practice you'll then get to a point where you can celebrate and once you

00:17:04.920 celebrate it starts all over again because you'll be called another journey because we're meant to

00:17:09.080 grow if you ask people ask me what does it take to be happy you met millions of people what does it

00:17:13.720 take so many people are unhappy well relationships are one of the keys to that but there is one key

00:17:18.840 even within relationship progress progress equals happiness if you go and achieve some huge goal

00:17:25.560 i don't know if you've ever done this and then you achieve it you have one or two experiences either go

00:17:29.320 is this all there is yeah after you achieved it which is horrible feels worse than failing

00:17:33.400 or you go wow this is amazing and you celebrate but how long do you feel good for after achieving

00:17:39.640 some great goal five years a year six months 60 days 20 or 30 minutes 20 or 30 minutes that's

00:17:48.280 most people are in the 20 to 30 minutes to maybe two months max yeah right why because we're not meant

00:17:54.600 to just sit at the table of success and get fat and feel bored we're meant to grow and when we grow we

00:18:00.440 make progress we feel alive and what makes us feel most alive i know in your life and of mine too

00:18:05.320 knowing you as a person is when you grow you have something to give and what makes life meaningful is

00:18:10.120 not just a happy life it's not always happy but a meaningful life is a life where you serve something

00:18:14.040 more than yourself something that gives you the energy and excitement whether it be serving your kids

00:18:18.200 and family or your business or something in your community or something in the world that's what

00:18:22.520 makes it work but we all need you on the path and you can do this within the air where are you unhappy about

00:18:26.120 my body well first step do you know exactly what you want and why you want it okay let's start there

00:18:30.760 okay second you know what you want why you want it tell me have you faced the truth how big a gap is it

00:18:35.720 specifically how far off are you let's measure it and then what's gotten in the way is it fear

00:18:42.040 is it limiting beliefs is it some form of emotion that gets in the way frustration anger overwhelm

00:18:48.440 is it some kind of habit you got or is there a skill you need to get okay great let's get a plan

00:18:53.480 and let's go do the hard work those first four things will get anybody going once you do you'll

00:18:57.240 get the momentum that makes you successful

00:19:03.800 tucker says it best the credit card companies are ripping americans off and enough is enough

00:19:09.960 this is senator roger marshall of kansas our legislation the credit card competition act

00:19:16.040 would help in the grip visa and mastercard have on us every time you use your credit card they charge

00:19:22.360 you a hidden fee called a swipe fee and they've been raising it without even telling you this hurts

00:19:28.040 consumers and every small business owner in fact american families are paying eleven hundred dollars

00:19:34.360 in hidden swipe fees each year the fees visa and mastercard charge americans are the highest in the

00:19:41.000 world double candidates and eight times more than europe's that's why i've taken action but i need your

00:19:47.240 help to help get this passed i'm asking you to call your senator today and demand they pass the credit

00:19:53.880 card competition act paid for by the merchants payments coalition not authorized by any candidate

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00:20:42.840 among the things that uh scare people maybe the top thing that scares people right now is going broke

00:20:50.360 as i said and the u.s economy feels unstable or squirrely or hard to understand if nothing else and

00:20:57.080 most people myself included don't have the skills to start 114 companies they're just not good at

00:21:01.560 nor did i yeah but i would say at least i'll speak for myself i'm never going to have those skills yes

00:21:06.920 and um so that's not an evidence that's open to some people maybe most people and so how what you

00:21:12.920 know what you just have a book out holy grail of investing in which you talk to people who've been

00:21:18.840 successful in investing very successful but if you could just lower the bore a little bit for the

00:21:23.480 average person who doesn't have a ton of money to invest who's really worried about what's coming

00:21:28.360 what would you recommend before i even talk about investment the most important one is understanding

00:21:33.640 what allows someone to have abundance in their life and i grew up dirt poor i think you know and

00:21:38.600 i had four different fathers and they were good men and we had no money and no food and the reason

00:21:43.480 you know i know you know i don't know if i told you but two years ago i think i last saw you and

00:21:47.880 we've now completed the billion meals challenge i decided i want to feed a billion meals and we did it

00:21:52.680 two years early we just completed it last year now i'm doing a hundred billion meal challenge but why not

00:21:56.520 because i'm such a good person because i grew up poor we had no food and so i look back at those

00:22:00.840 days and go why were my fathers good men why were we broke no matter what good times are bad and why

00:22:07.160 did they lose their jobs at various times and my original teacher is a man named jim roan he was a

00:22:11.480 personal development kind of a business philosopher one day i sat down with him and i said i gotta ask you

00:22:16.120 a burning question like how is it so unjust that here's a teacher who can barely survive and then this

00:22:22.120 hedge fund manager over here makes a billion dollars a year and he said tony that's a good

00:22:26.360 question he said think of it this way we're all equal as souls but we're not equal in the marketplace

00:22:33.080 so what do you mean he said well i'm not being negative but if somebody works for mcdonald's

00:22:37.560 that's not designed to be your long-term job right it's designed to get you as a starter job and it

00:22:41.640 doesn't pay very much because anyone can do it today they got pictures you don't even have to speak

00:22:46.440 the language 100 and you can do that job and learn it within a few hours so it's not very valuable

00:22:51.640 so it doesn't make a lot in fact now it'll be replaced by machines lots of companies are working on

00:22:55.320 that now in the fast food industry so there's not a lot of value now the guy that did the billion

00:23:00.440 dollars that you have judged about tony he said those teachers you're talking about some are great

00:23:04.840 i'm sure you've had some great ones some are not so great and he said and there's no standard and

00:23:09.080 there's a limited number of people they affect there's nothing wrong with that it's beautiful but

00:23:12.760 this guy that made a billion dollars made 25 billion dollars for his investors which include people's

00:23:17.960 pensions their backgrounds when other people are making four and five percent he made 38

00:23:23.720 so they're doubling their money every two and a half three years versus doubling their money let's

00:23:28.040 say every 10 or 12. so he's adding massive value and i'm not saying you need to be one of those people

00:23:33.800 but what you do need to do is what's missing in our culture everybody's trying to figure out what am i

00:23:37.960 going to get from the government what am i going to support like why isn't things that i want looking

00:23:42.120 at the system instead of myself and he said instead do more work harder on yourself than you do your job

00:23:48.280 find a way to become more valuable than anybody else in the marketplace and if you continually do

00:23:53.160 more for others if your focus is how can i do more for others than anybody else you'll win that formula i

00:23:58.920 got at 19 years old and i've lived it it felt real to me i mean the way i kind of live anyway but i made

00:24:05.400 that the basis of every company i've ever built and so the companies have become successful because

00:24:09.720 everybody in that culture is how do we do more for anybody else in the industry and you do that over and

00:24:13.640 over for years you build a brand and then people seek you out and you succeed so the first thing is

00:24:18.760 what can i do to become more valuable in the marketplace uh they asked warren buffett the

00:24:23.080 other day they asked him how do you about inflation and what should we do about inflation and i remember

00:24:27.880 when i interviewed him i asked him what what was the best investment you could ever make and i thought

00:24:31.080 the best investment he'd ever make and i thought he'd say coca-cola or you know geico i know the

00:24:35.160 company's invested in he goes tony it's what you teach i said well i teach a lot of things which one and he

00:24:39.720 said well he said i have all these ideas but they would have died on my lips but i learned how to

00:24:44.600 communicate he went through dale carnegie he said that skill was the most valuable skill and he said

00:24:50.040 i tell people if you want to do well in inflation and inflation is eight percent five percent ten

00:24:53.800 percent all you got to do is be eight ten twelve fourteen fifteen twenty percent more effective more

00:24:58.280 productive how do you do that you invest in yourself he said that's the first investment you do

00:25:02.760 no one can tax it and it grows if the dollar goes down and we go to shekels if you're a great doctor

00:25:08.040 you're a great you know web designer you're a great whatever you will be paid extremely well

00:25:13.560 but you have to be focused on adding value and you've got to become more valuable yourself so

00:25:17.800 that's where it starts second step i've written three number one best sellers and two of them the

00:25:23.560 last two were financial ones this would be my final third one in the trilogy and the first one

00:25:27.800 i interviewed 50 of the most successful financial people in the world the ray dalius the warren buffets

00:25:31.640 the carl icons to find out what did they do different and to find out is the game winnable

00:25:35.880 because after 2008 it feels like the game is rigged against the game winnable exactly and so i

00:25:41.240 went out and i thought i can ask some journalists that they'll tell me their point of view that's

00:25:44.840 great let me talk to people that started with nothing and have become the most successful in

00:25:48.840 the world in their section in their business and so i got a chance to have access to those people

00:25:53.160 and one led to another and wow it was a four and a half year journey and i wrote money master

00:25:57.720 the game out of that and i was able to show yeah you absolutely can win the game first step answer

00:26:02.120 your earlier question you've got to start becoming an owner instead of being a consumer our entire

00:26:07.480 society makes you a consumer so you buy an apple phone every year two or three but you don't apple

00:26:13.560 stock what are you thinking right the most only way you're going to become wealthy is either start a

00:26:19.000 business or become an owner of businesses you don't have to be a great entrepreneur then you just have

00:26:25.160 to invest in some smart people in that area and so the process of learning how to do that by just

00:26:29.960 doing two things taking a percentage of what you earn no matter how little it is and locking and

00:26:34.440 automating that to go in an account where you don't see it that's the first discipline there's

00:26:38.600 a guy i wrote about my first book theodore johnson worked for ups never made more than 14 000 in a

00:26:44.440 single year retired with 70 million dollars he was a driver everybody loved him he'd lift everybody's

00:26:50.680 state if he was sick where is theodore but a friend of his said we're going to take 20 of what you

00:26:55.560 earn and we're going to make you wealthy i'm going to tax you 20 he said i can't live in

00:26:59.320 14 000 here he goes we're going to automate it it's going to disappear you're going to adjust but

00:27:03.720 that money is going to be your future that money compounded through just investments in the stock

00:27:08.120 market and ups to 70 million he gave away 35 million while he was alive so you don't have to

00:27:12.360 be a superstar business person you got to be an owner so that's number one two i wrote unshakable

00:27:17.560 because i knew i didn't know when nobody knows when obviously the markets are going to crack you

00:27:21.480 obviously there's going to be a crash as there was in 2020 i wrote it before that and i just showed

00:27:25.800 people how to be unshakable that time how to win during that time this book though i got really

00:27:30.840 excited because when i wrote those first two books i learned four things that every great investor does

00:27:37.480 really i'd like ray value is a macro investor somebody else might be a value investor like

00:27:43.240 you know warren buffett there's all different types of investors they all 50 of them agreed on

00:27:48.280 four things first this sounds stupid they're all obsessed with not losing money which is the

00:27:53.000 opposite of most investors we're trying to figure how to make money because they know if i lose 50

00:27:58.280 on a stock i don't need to make 50 to get even i'm going to make a hundred percent at 100 000 it drops

00:28:04.200 to 50 i can't just go up 50 i gotta go up a little higher than that to get back there so they're obsessed

00:28:10.120 with that but how do you do that well warren buffett has a philosophy says rule number one investing

00:28:15.160 don't lose money rule number two see rule number one well that sounds really nice how the hell are you

00:28:18.600 going to do that second principle they all agreed on something that sounds complex the most important

00:28:24.440 part of your investment future you don't have to be a genius is what's called asset allocation big words

00:28:30.040 all it means is you have a certain amount of money invest a thousand dollars a million dollars doesn't

00:28:33.960 matter you have to have a pre-designed way you're going to do that it says i'm going to take some of

00:28:38.440 this some percentage 10 20 30 40 50 and put it in something that's secure meaning low risk probably low

00:28:45.240 return but over time it'll compound like it looks like grass growing until it's like it's the tortoise

00:28:50.680 in the hair another percentage of my money i want to put in areas that are more high risk potentially

00:28:55.640 higher return but if i lose it all i need to make sure my security bucket kind of takes care of me

00:29:00.200 and so they laid this thing out each one of them laid it out for me and they never bet the whole farm

00:29:05.000 on one thing that's why they succeed pretty simple third and i'm going to show you what i got in this

00:29:10.360 book that blew my mind why i wrote this book in a second it relates to asset allocation third

00:29:14.600 principle was you got to look for what they call asymmetrical risk reward these words are so big

00:29:20.360 all it means is where can i invest with the least amount of risk with the most amount of upside

00:29:25.960 so if you look at really wealthy people you think they take giant risks it may look like it like i

00:29:31.640 don't know if you met richard branson he's a friend of mine and richard he's risked his life in so many

00:29:35.880 ways going into space going across the ocean going in balloons but if you look about how he invests

00:29:41.400 his whole thing is what's the downside how do we protect the downside how do we make this asymmetrical

00:29:46.440 so when he decided to take on you know the fight with you know british airways and start his own

00:29:52.440 airways what was the biggest risk what do you think it would be i i government regulation one of the

00:30:00.760 prices the biggest risk is buying all those boeing airplanes of course so you just assume most people

00:30:06.920 say well i got to buy them and that's the risk no no he negotiated for a year and a half with boeing

00:30:11.640 to made a deal that said i'm going to buy all these planes but if within a year i can't make it work i

00:30:17.160 get to give all the planes back to you at no loss to me whatsoever he had nothing but upside no downside

00:30:23.240 that changes the way you feel day to day right yes um you know paul tudor jones is one of the

00:30:27.800 greatest investors in history i've coached him for 24 years unbelievable guy uh he made back in 1987

00:30:34.040 when the stock market dropped 20 percent in a day still the largest percentage in a day he made people

00:30:38.200 100 that year he made more money anybody can imagine brilliant guy coached him constantly his whole

00:30:43.160 thing is i'm going to make an investment i want to risk a dollar thinking i'm going to make five i might

00:30:46.360 be wrong but i don't want to invest i feel like i got that kind of upside if i'm wrong i can invest

00:30:50.680 another dollar and i still can make four he can be wrong four times and still be okay so that idea is

00:30:57.160 huge and then finally one is diversification which everybody knows don't put all your eggs in one

00:31:01.080 basket one piece of real estate one anything oh that's great those four are pretty pretty useful

00:31:06.280 i wrote this book called the holy grail investing because as i'm sitting down with ray dalia one of

00:31:09.960 the greatest investors in history he has 195 billion dollars he manages for even countries and pension

00:31:16.680 funds he's the got the greatest returns ever in 2008 when things were down you know 35 38 he made

00:31:22.840 eight percent to give you an idea just genius ray and i become great friends over the last 13 14 years and

00:31:27.960 one of the times i first asked questions of him i spent 10 hours preparing for what's supposed to

00:31:33.080 be a 45 minute interview which went for three hours you know and ray was great because he goes i get it

00:31:38.120 we bounced off each other but one of the questions i asked him then was what's the single most important

00:31:43.240 investment principle if you knew nothing else that would make you successful he goes tony i struggled

00:31:48.200 with that for 22 years and i can tell you the answer he said i call it the holy grail of investing

00:31:53.240 that's why the book's titled that it's after what ray taught me and here's what he said i finally

00:31:58.040 figured out that the biggest challenge is loss and risk everybody wants upside but to get more upside

00:32:04.360 take more risk it's not right for everybody he said but i've discovered if you have eight to 12

00:32:11.160 uncorrelated investments you'll reduce your risk by 80 percent and increase your upside now what does

00:32:16.840 that mean uncorrelated most people know most people invest in stocks when they think the economy is going

00:32:21.960 great right it's going not so great they invest a little bit more in bonds one's one's doing great

00:32:26.040 the other tends to do it they're usually uncorrelated but in 2008 in 2020 that wasn't true they all

00:32:32.280 dropped yes right and if you go to your broker goes i don't know what happened it's predictable it happens

00:32:36.600 all the time so he explained to me lots of depth i won't explain here about why that happens but he said

00:32:40.840 here's what's unbelievable tony he goes if you give eight to twelve that are uncorrelated investments he

00:32:46.360 said you can sleep so nicely at night and still have great returns so i went to go apply that

00:32:52.840 well it's hard because so many things are correlated today and if you go to the average person they're

00:32:56.680 investing in stocks and bonds and maybe real estate investment trusts reits but they often get very

00:33:01.640 correlated and then nothing works but there is another asset class that most people know nothing

00:33:07.640 about called private equity private credit and private real estate and if you go to the fortune 400 and

00:33:13.800 say what most billionaires in the world what industry tech no real estate nope financial services

00:33:20.280 yet but it's not hedge funds that go up and down it's these guys of private equity they're the kings

00:33:24.680 of the financial world it's mind-boggling and one of the reasons is they go out right now there used to

00:33:29.880 be 8 000 companies you can invest in the stock market there's only 3 700 now they've dropped drop drop

00:33:35.160 drop if you the s p 500 people are familiar with 24 of that is five companies it's all concentrated in a

00:33:41.400 small place not a lot of ways to be uncorrelated so these guys go out and buy companies in the old

00:33:47.640 days they try to leverage them but now they actually do something cool they find a better ceo they find

00:33:52.040 better marketing they put better technology and they put an ai they build a company up they buy it

00:33:56.920 build it up and they sell it and they have time because when you invest with them your money's tied

00:34:01.320 up for about five years and most of them they have a great business model they're making two percent a

00:34:06.680 year whether they make you money or not and 20 of the upside why do people invest with them for the

00:34:12.200 last 35 years i want your audience to hear this is mind-boggling private equity around the world has

00:34:17.480 outstripped every stock market in the world in its returns so we'll take the s p 500 that people are

00:34:21.960 familiar with probably here in the us over the last 35 years it's produced 9.2 compounded on average a

00:34:28.200 year that's amazing if you're getting five percent your money's going to double every 14 years when

00:34:33.480 you're at nine percent only takes eight years to double your money but private equity average

00:34:38.680 private equity at 14.2 for those 35 years and what does that mean that means you're compounding 50

00:34:45.080 faster so i wrote this book as i want to answer the question how could people get bigger how could they

00:34:50.360 get to their goals faster with less risk and i know the people in the world that do it so i started

00:34:54.680 interviewing 13 of the biggest guys in the world running 100 billion dollar funds who have produced 20

00:35:00.360 percent or more compounded not 14.2 but here's the last part i don't throw all the numbers at you

00:35:05.000 just so you get the picture of everyone at home if you put a million dollars 35 years ago in the stock

00:35:10.680 market s p at 9.2 that's worth 26 million dollars today if you never did a thing with it if you put

00:35:17.160 it in the same private equity at 14.2 it's 139 million dollars for the same time and the same amount

00:35:23.000 of money so that's why when you go to wealthy people remember i said asset allocation the latest studies

00:35:28.520 show ultra high net worth people have 46 of the money in private assets private equity private

00:35:35.240 credit you know all those pieces and only 29 in public markets so you want to have both

00:35:40.360 now how can i write this book this is only for wealthy people it always annoyed me that the richest

00:35:45.480 people in the world the government actually regulates and won't give the average person the

00:35:48.760 opportunity you have to be an accredited investor yes you're familiar a million dollar net worth or

00:35:53.720 200 000 in income is the minimum to be able to do that then you get these doors open to you

00:35:58.600 but there's a new law that the congress the house just passed it and senate's not taking it up it

00:36:03.480 was bipartisan it passed the house already just a couple months ago they're taking it up now that

00:36:08.360 allows anyone to not have to have their money to simply take a test and then all of a sudden you

00:36:13.480 have the same quality investments that have these huge returns available to you potentially anyway

00:36:17.960 than you've never had access to before a lot of people built a business and sold it made money they

00:36:21.800 don't know how to invest so once you take the test you can do this and the best part of it all is

00:36:27.400 there are opportunities and we can talk about i know i've been talking forever here but

00:36:31.400 that allow you do things that only the wealthiest people in the world will do because when i saw this

00:36:35.320 i said okay now i can find my eight to twelve i got a broader audience different types of investments

00:36:39.560 that aren't correlated this is exciting but then i went to go make investments and it's kind of like

00:36:45.480 you know going to the best club in new york and you got the money but if you don't know the right

00:36:50.040 people you're not super attractive you're not getting in right or you have a ferrari that new

00:36:54.600 ferraris are all sold in advance to people that already own a ferrari right you just can't get

00:36:58.520 one so i would get little pieces here and there because i was tony robbins or i had a friend or

00:37:03.400 something but not huge not the amount i want to invest one day i'm sitting down with this friend of

00:37:08.200 mine paul tudor jones he's a former partner of his started his own firm and i said i'm so frustrated

00:37:13.320 i see private equity as the best investments in the world but the best guys it's impossible to get

00:37:18.040 in or you get a little tiny sliver he's tony can i tell you where i make my majority of my investments

00:37:24.120 and this guy's super successful so i'm leaning in yes tell me he goes there's this place in houston

00:37:28.840 a group called kaz that taught me something i didn't i said houston i'm expecting to say

00:37:33.640 new york london singapore he goes that's off the beaten path but they're the best at this he goes

00:37:38.520 there's a way for you where you don't have to try to get in where you can buy a tiny sliver of the

00:37:43.800 ownership of the companies that own all those funds and then you get the two and 20 you get cash flow

00:37:49.800 and the growth like you're an owner right side by side with them i said what and he started explaining

00:37:55.720 to me how that happens and so now i own a piece of 65 different private equity firms like vista 100

00:38:01.720 billion dollar firm written by one of the smartest people i know robert smith he he built things in the

00:38:07.720 sas industry i have them across different industries they're all multi-billion dollar 10 20 30 40 50 100

00:38:13.160 billion dollar firms and i have a sliver of each of them as an owner and then i don't just get one fund i

00:38:17.880 get all the funds the ones they did in the past the ones they're doing now the ones they do in

00:38:20.760 the future so that's just one example another example is people were trying to get returns on

00:38:27.160 bonds forever now they've gone up you know four or five percent they're reasonable but forever they

00:38:31.640 were at zero because of interest rates right so people started looking for you know how do i get a

00:38:36.600 better return and they started investing in junk bonds back in 2021 junk bond market went like this

00:38:42.520 you know they call it the high yield return market yeah because there's risk that accompanies a huge

00:38:47.640 risk and they're only given 3.9 but in a world we're getting one one and a half and two people

00:38:52.680 started saying i'll do it i was making investments in private credit because see banks a lot of them as

00:38:58.840 you know silicon valley and so forth have had challenges they all tightened over the last 10

00:39:02.120 years companies money they go to these private equity guys they're really good at evaluating and they

00:39:07.640 make loans to them well guess what when people were you know trying to get 3.9 on these big risky

00:39:13.320 things i was getting nine percent on private credit and you know if you own your house and you have a

00:39:18.440 you know fixed rate mortgage and interest rates did what they've done the last two years you're okay

00:39:22.520 you still got three percent but if you have an adjustable mortgage it's different right a floating

00:39:27.800 rate well business loans are on a floating rate so those firms that i own where they were

00:39:32.360 only company to businesses money to businesses of five and six percent now those same they've adjusted

00:39:38.760 they had to so now they're paying us you know 11 12 13 percent for the same loan that's less than

00:39:45.000 one percent failure rate amongst that marketplace any bank would die for that so these guys are so

00:39:49.560 smart so it's like less risky now the limitation is your money's tied up for a period can i ask a dumb

00:39:54.120 question why i don't know dumb questions um i have some dumb questions here's one why would um that's

00:40:01.400 the question i asked why would you go if you're seeking to borrow money why would you go to the private

00:40:08.280 credit markets rather than a bank oh because the banks aren't loaning money to a lot of those

00:40:11.640 companies do how many companies are from a hundred million to three billion it's this giant market

00:40:16.520 and they have a real rough time now if you're going to jp morgan your apple is easy to get money right

00:40:21.160 and they don't need it anyway but it's easy to get that but if you're one of those smaller companies

00:40:24.760 under three billion tough to do it banks extremely tough to do it banks so guess what they open the

00:40:30.040 market for them and they develop a relationship they want to borrow again private credit guys know you're

00:40:35.080 good they make another loan for you so it's great for them but i'm not just making those higher

00:40:39.320 returns i'm also making the two and twenty along the way it's it's mind-blowing i'll give you a

00:40:43.960 third one i always wanted i grew up totally poor and i always wanted to own a sports team because

00:40:49.080 i wanted to be a professional baseball player i used to go to the dodger stadium way back in the

00:40:53.240 stadium back there the cheapest seats and uh i always wanted that and so at one point i finally made

00:40:59.080 enough money that i could participate in the building of the lafc football club i got to be one of the

00:41:03.160 early investors and design helped design the club and it was fun stadium the whole thing but the

00:41:08.520 microscope i went through for a year to get qualified besides your money is insane a new law was passed

00:41:14.200 over the last three years that a few firms have been able to participate in because they don't use

00:41:17.960 leverage and you can now invest in companies and get a little slice of teams multiple teams so i worked

00:41:25.400 so hard to have the lafc now i have a piece of the golden state warriors i have a piece of the la dodgers i

00:41:30.680 have a piece of austin redstocks that piece of the pittsburgh you know uh what do you call it uh

00:41:36.360 hockey team i mean it's it's amazing and what's amazing is this used to be putting butts in seats

00:41:41.240 but what this is is something not correlated to the stock market nothing at all when we have inflation

00:41:46.200 they charge more for the hot dog and people pay it because they have fanatics that's what fan means

00:41:50.920 right fanatics are people that first of all you've got legal monopoly no one else can compete with you

00:41:55.800 in that city that's pretty amazing second of all you've got fanatic fans third of all you have a

00:42:00.280 business that does well even inflationary times and if you know michael jordan paid what 200 and i

00:42:05.400 think it was 38 million dollars for his piece of his team nba team he just sold it 12 years later for

00:42:11.960 three billion and kept some of it that's the kind of growth in the last 10 years the growth across major

00:42:17.960 league baseball nba hockey and soccer which are the ones i own together have averaged 18 compounded per

00:42:24.760 year so to give you a sense like at 20 your money is doubling every three and a half years you know

00:42:30.440 at 14 about every five years so if you want to get to your goals quicker these are fun ways to do it

00:42:36.760 and they never were available before you won't find this in any book that i'm aware of anywhere in the

00:42:40.280 world because it's kind of part of this network of people but you can become that now because you'll

00:42:45.560 be able to tap into this just by either being qualified or getting the education to qualify yourself and

00:42:50.040 taking the test what is your view of debt so a lot of people feel like they're trapped because they

00:43:03.320 maxed it on their credit cards honestly so what do you do about that well you have to pay it down you

00:43:07.640 have to develop a plan you got a spending plan and or find a way to earn more by finding a way to add

00:43:13.080 value some new skill new ability some new business some new you know hustle that you're going to do on

00:43:17.560 the side but i think the biggest you got to realize is if you take money and you borrow money to buy a

00:43:22.840 flat screen tv that's pretty idiotic because that's going to depreciate it's going to give no value but

00:43:27.400 if you borrowed some money to buy a tractor for your farm that's going to make you more productive you'll

00:43:32.600 be able to pay back the loan and be more productive and your business grow so the question is are you using

00:43:37.240 it just to survive or get things or using it to get more resources when you use it for more resources then

00:43:43.800 debt can be really valuable for people but too much debt will stress anybody out and too much

00:43:47.960 debt will take any company down if they're imbalanced so you in other words you've got a more flexible

00:43:53.560 view of it there are times when you think debt is wise and times when it's unwise and it's for

00:43:57.480 not only the times it's what's it for is it for increased productivity is it for something that's

00:44:01.960 going to expand your capacity your skill your ability tools for your business tools for your career

00:44:06.520 or is it just for a purchase of something you probably should just wait on because

00:44:10.600 once you spend that money you're paying interest on it now high interest i mean credit cards are now

00:44:15.320 just insane they were insane before but i don't know i saw the other day i don't know if it's

00:44:18.920 accurate i i saw that the average was over 20 now i mean that's insane to borrow money at that level for

00:44:25.080 some consumer item so you would you would opt out of that immediately i'd opt out of that and i'd start

00:44:30.520 paying that down and then i'd start to take a percentage of my income even if it's super small and

00:44:35.480 so i'm going to use this to be an owner i'm going to take it off the top and then i'll figure out how to

00:44:39.000 invest it but i'm going to have that automated by my bank or by my investment company so i don't see

00:44:43.000 it and i'll start to adjust and then i start to have it i mean look at people don't understand they

00:44:47.720 have all heard of compounding right the richest people in the world don't do it by getting rich how

00:44:51.800 many athletes have you interviewed how many movie stars you interviewed that were rich they made 10

00:44:57.240 million dollars a year kim basinger used to was the highest paid actress of the 90s won academy awards

00:45:02.520 was getting 10 million dollars a picture went bankrupt uh we both know mike tyson a good friend of ours

00:45:07.560 right and mike i love mike to death he made a half a billion dollars in income and went bankrupt

00:45:12.760 right so that's not the way that you get wealthy you get wealthy by taking a little bit of money

00:45:16.840 over time and compounding it so i tell parents teach your kid who's 19 put 300 a month away sounds like

00:45:23.960 a lot but they don't have any overhead they can do it put in the stock market average returns eight

00:45:28.520 percent over time eight to ten don't let them touch it and if they started at 19 and just do it to 27

00:45:34.600 years old 300 bucks a month the total amount's like 28 grand over those eight years never invest

00:45:39.960 again they're set all right let's say they have a brother he starts at 27 same amount of money 300

00:45:47.000 bucks and does it to least 65. he's put 138 000 roughly in and he's done it for 38 years not eight years

00:45:55.400 he has less money at the end because compounding the first guy's got 1.8 million and all he did was

00:46:02.120 invest for eight years 300 bucks a month put it in the stock market the second one has 1.5 million

00:46:07.720 but he didn't have as much time he took longer to do it he started later so he didn't get the same

00:46:11.960 level of compounding so compounding just like the million versus 139 million 26 or 139 it's both

00:46:17.720 getting in the game and it's where you put it and so this book is trying to show people where you put

00:46:21.880 it and then i interviewed 13 of the masters of the universe and found out like what is their approach

00:46:27.400 and ironically it's what i taught you earlier i mentioned earlier their whole focus is not to just

00:46:32.280 buy a stock when it's down or buy a company when it's down they want to buy a company right but the

00:46:36.360 whole thing is how do we add value how do we take this company and make it more valuable than it's

00:46:41.160 ever been and then take it public or sell it to a bigger company and that's where they make their

00:46:45.160 profits and their other value is they don't drop as much because when markets go down they can buy

00:46:50.200 when markets go up they can sell because they've tied up your money for five years so all your money

00:46:53.400 can't go in those types of investments because you need some liquidity but it's if you're going

00:46:58.120 to want to try to maximize to get to a retirement in the world we're in today it might be nice to have

00:47:02.280 the smartest people in the world on your side and be their partner making two percent right beside them

00:47:07.720 as an owner in the business and making 20 of the upside think about it they have a these are very few

00:47:13.480 than this small a billion dollars in funds they're going to be guaranteed 20 right that's what their

00:47:19.720 two percent is going to give them 20 million bucks a year for five years they're gonna make a hundred

00:47:22.920 million dollars whether they make money or not and most of them are good at making money so in five

00:47:27.880 years they take the billion to two billion didn't have to hire a ton more people and they're gonna

00:47:33.000 make 20 percent of that side they make 300 million dollars on a billion that's why there's more of

00:47:37.720 those in the fortune 400 than any other industry so i said there's a good pathway perhaps that's a

00:47:43.400 path you and i should take advantage of as long as we're smart enough to see what's there and willing

00:47:47.560 to educate ourselves instead of living like i can't do it and the game's against me well there are some things

00:47:52.680 that's that's actually what i i wanted to close on since we began the conversation by my noting

00:47:57.480 that it's there's a sadness palpable and you pointed to the reality of that and then suggested

00:48:03.400 an upside to it or at least a different way to think about it you've mentioned twice the perception

00:48:08.440 that people have that's grounded in some reality that the system is rigged and you kind of can't win

00:48:13.400 you said it it emerged after 2008 i think that's right but it's only become more

00:48:18.120 profound i mean people really feel that way true how what do you say to them i say you got

00:48:25.480 your what your experience of your life is not your life your experience your life is the life you focus

00:48:31.400 on so right now if i want to figure out what's wrong i'm sure i can find a million things i gotta

00:48:37.160 you know 100 plus companies lots of employees all the world different industries what are the chances

00:48:42.280 right now somebody's screwing up if screwing up is doing what i don't think they should be 100

00:48:46.760 i can focus on be all stressed out or i can focus on what i can control i can focus on what can be

00:48:51.560 dying focus on what's great what's wrong is always available so it's what's right so we've always had

00:48:55.640 problems like that study history i hear people talking about this the worst time in history

00:48:59.560 politically we've never been each other's throats like this and i don't have it with me i wish you

00:49:03.240 did i could pull it out for you i have this little write-up that's two different posters that were

00:49:07.320 during the time of adams versus jefferson if you read what they were saying about each other it looks

00:49:12.360 calm compared to republicans and democrats and liberals and conservatives say today we've always

00:49:16.520 had it's cycles we go through cycles and if you know cycles you're not so fearful you say okay

00:49:21.160 this has happened before what do i need to take advantage of this but if you just go in a mindset

00:49:25.000 of oh my god it's rigged against me i can't win then it's self-fulfilling so you have to not be one of

00:49:29.320 the many you have to think differently you've got to educate yourself one of the biggest things jim

00:49:33.400 ron taught me is he said look if you want to have an extraordinary life you need to feed your mind

00:49:39.160 and not let everybody else feed it and so when i was totally broke my mom kicked my dad out she chased

00:49:45.320 me out on christmas eve with a knife she wouldn't have killed me or anything but i wasn't going back

00:49:48.280 in that house she was a little crazy she abused alcohol and prescription drugs and i love my mom i

00:49:53.000 wouldn't be who i am without my mom but i assume you're bigger than her i i am bigger than her but i was

00:49:57.160 five two in high school five one and she grabbed me here and smashed me against the wall poured liquid

00:50:01.560 soap down my throat i mean she was and i you know you learn to acquiesce but anyway my point is

00:50:06.680 i was on my own trying to figure out what the heck am i going to do and you know it's christmas eve

00:50:11.240 i'm sleeping on the hill and it starts raining i sleep in somebody's you know a friend of mine's

00:50:15.960 laundry room and then i i felt so depressed i remember jim ron i'd met him when i was 17 saying

00:50:23.160 every day you got to stand guard at the door of your mind he said you should read 30 minutes a day

00:50:27.000 not what comes to these days on your phone not clickbait something philosophy or a skill

00:50:33.400 or a psychology or a tool that makes you better read it just 30 minutes a day it'll change your

00:50:38.040 life because you're feeding your mind something different than what everybody else feeds them

00:50:41.400 and so i i put this little five-step plan together back then i did it again back in 2008 because i had

00:50:46.680 all these companies not not the same numbers now but and it was rough in 2008 i had my billionaire

00:50:51.640 friends were in trouble and so was my barber i mean we all were affected by it and i did the same

00:50:55.480 five steps step one if you want to be emotionally fit if you want to be able to say when all hell's

00:51:00.840 breaking loose i can still do incredibly well you've got to every single day do something to

00:51:04.760 feed and strengthen your mind so for me that's reading 30 minutes a day or doing an audio that's

00:51:09.960 easier because i call audio net time no extra time i can do i'm driving while i'm working out

00:51:14.920 and i get to feed my mind something different than all the crap that comes to you that's designed to get

00:51:18.520 your attention and make money from you that's right so every day 30 minutes a day and then

00:51:23.400 roan used to say jim roan used to say to me i'll never forget he said tony goes i got a question

00:51:26.680 for you he said if if your worst enemy puts sugar in your coffee what's going to happen

00:51:34.680 i said you're gonna have sweet coffee so what if your best friend a family member somebody you love

00:51:38.520 by accident drops one ounce of strychnine in your coffee what happens i said you're dead because that's

00:51:44.280 right life is both sugar and strychnine so watch your coffee which he said every day stand guard at the

00:51:50.040 door of your mind what you let in because that's what's controlling your life i agree with that

00:51:53.880 and then the second piece i added to it was i learned was your mind is controlled by your body

00:51:58.680 as well you can't separate them so every day you got to feed and strengthen your body in somewhat

00:52:02.760 you got to push it beyond what you're comfortable with today most people are so unhappy in their work

00:52:07.800 i just read the study the other day it's 38 of the people it's like up 33 from before from the early

00:52:14.600 days of covid are totally unhappy in their work they want to do something else they don't look

00:52:19.320 forward to it it's huge what's happened they don't want to go to work because they were paid to stay at

00:52:24.920 home and they got used to it but now that they're home they're feeling isolated and alone that's because

00:52:31.160 the path of least resistance will never make you proud it'll never make you happy it'll never make

00:52:36.840 you strong you get strong building muscle by pushing against something that's difficult so these people

00:52:42.760 are trying to have so much self-care every moment and be by themselves and nurture themselves that

00:52:48.200 they're not growing and when you're just by yourself and you don't have something to serve more than

00:52:51.800 yourself you're not going to do much and also we sat forever and the average person i don't know what

00:52:56.520 their real weight gain was i read one study said 14 pounds one said 18 i don't know what's really real

00:53:01.800 but most people gain weight they were sitting doing nothing but when you push your body to lift some

00:53:06.600 weights or to walk extremely fast or to run or something where get in the pool where you have to push

00:53:12.440 and you get strong it changes your emotion because fear and anger are the two emotions that mess up

00:53:18.120 most your life your relationships your business your life and fear and anger are both physical

00:53:23.240 you're really fearful i don't know if you've ever felt that in your gut or the back of your throat you

00:53:26.600 know it's physical but so is courage courage is you're scared but you do it anyway but that's also

00:53:31.640 physical it's a sense of certainty and when you push your body you get it third if someone's listening

00:53:35.880 saying how do i have a better year third thing you got to do is find some great role models

00:53:39.880 because in spite of all the bs you hear out there yes i'm no dummy the majority of people are not

00:53:44.280 happy they're not fit they don't have great relationships they don't have great passion

00:53:47.960 they don't love their work that's not everybody i like studying the few who do finding out what they

00:53:53.400 do and do what they do so the same seeds reap the same rewards so you find great role models

00:53:58.600 role models make it real and then fourth you need a massive action plan you got to get yourself in

00:54:03.480 action not wait till everything's perfect and if you try something and it doesn't work try something

00:54:08.280 else if that doesn't work try something else most people try it it didn't work and they give up it's

00:54:12.520 like i said to people how long would you give your average child to learn how to walk you know before

00:54:17.880 you cut them off and said dude you're just not a walker you know your kid's gonna go what are you crazy

00:54:23.400 your parents gonna go my kid's gonna keep trying until he or she walks that's why most people walk right

00:54:28.120 just so different but that's how people's mindsets are right so if you if you have a massive action

00:54:35.000 plan you keep changing your approach you'll get there and then the fifth step to me and i did this

00:54:38.600 way back then was go find somebody worse off than you and take care of them do something for them yeah

00:54:43.480 because that always changes the game so i was fed when i had no money in food so i fed two families and

00:54:49.400 then four and then eight and then a billion meals now now i'm working 100 billion it you know i couldn't

00:54:53.960 even conceive that kind of number then i did what was in front of me i fed two families and it felt

00:54:58.280 so amazing because when i was with these families i didn't go as the as the person giving it i went

00:55:02.040 as the delivery person because i didn't want to offend them but i want to see the impact and to

00:55:06.040 see these families their lives changed and their families and their children changed everything else

00:55:09.480 and the joy in their life and i know for me it wasn't the food that changed my life it was that day

00:55:13.720 when i got fed i made a new belief that strangers care and strangers care about me and my family

00:55:20.200 that i need to care about strangers it's one of the reasons i'm here today so you can change

00:55:23.880 somebody's life by doing that but also it creates contrast you think your life's so

00:55:27.960 difficult and you see somebody else's life totally right or you travel the world and you realize

00:55:32.760 america's a pretty damn good place with all its flaws it's as good a place as ever any place on

00:55:38.040 earth for most people so it's just um it's providing those steps those little things you can do can

00:55:43.160 change it all and that's by the way what i'm doing that's i'm doing this again this year i want to

00:55:46.600 just mention some people want to join us it's the whole focus of our it's a three-day seminar it's two and

00:55:51.800 a half three hours a day three days in a row the 25th of january to the 27th starts at 2 p.m eastern

00:55:57.480 but we have people all over the earth 195 countries that will attend you'll you'll be connected to

00:56:01.320 over a million people in our community who can help you and support you but the kind of results people

00:56:06.040 got by doing that when they were stuck at home before because you can do it from your home or your

00:56:09.080 office with your friends family by yourself you know i had one guy that one stands out for me is

00:56:13.960 this guy i i had the bring him up on screen i interact with people and this guy is in his bed

00:56:18.840 he weighed over 700 pounds he'd been in bed for six years naked he his brother died he took some

00:56:27.080 drugs to try to deal with it those drugs affected his body and he had breathing oxygen he was told

00:56:32.120 he'd never be able to breathe on his own without the oxygen in bed has to go to the bathroom never

00:56:36.360 gets up to go to the bathroom never been out of the bed he got so inspired that he took a not a

00:56:41.640 coat hanger but like a one of those little light metal things and he started doing this little daily

00:56:45.880 practice of doing these exercises and i gave him you know a task i said you do these things you get

00:56:51.000 to where you go to the bathroom you get to where you can drive a car again i'll fly you to my seminars

00:56:54.600 my guest and we'll take the next level we'll have you walk on fire we'll do the whole thing he got

00:56:58.520 inspired he did this got muscle strength got off the oxygen made it to the bathroom i think it took him

00:57:04.120 three months he's now you have 700 pounds he's lost 310 pounds to give you an idea came to the seminar

00:57:09.720 transformed his life and he never would have seen it because he never come to a seminar be in bed

00:57:14.520 i had this guy that was just got out of prison i just saw him two weeks ago and um he's a pretty

00:57:20.840 tough guy tattoos all over his body um you know people treated me he got really mean he was really

00:57:26.760 horrible with women went to jail and got out and he had a little girl and couldn't see her they wouldn't

00:57:31.960 let him see her and so he set a goal to start changing himself started doing all these little daily

00:57:36.600 practices and i was on two weeks ago he's got full custody now he's able to be with his daughter

00:57:41.160 he's coaching other people he attended the seminar in his truck he was driving a truck for a living

00:57:46.440 going out of prison he pull over and he's watching on that and so a woman who lost you know her baby

00:57:52.200 her child at two years old to cancer is horrific seeing her change seeing people double or triple

00:57:57.480 their businesses so we have amazing abilities it's no bs to say you can go from where you are to where

00:58:01.960 you want to go but you'll never get there with it's all rigged against me some of it is rigged against

00:58:05.720 us it's true but that doesn't stop you from being able to still create an extraordinary quality of

00:58:09.800 life if you build a path amazing tony robbins thanks for having me there's a reason you're famous

00:58:18.200 i appreciate oh i want to tell people go to time to rise summit the time to rise summit.com no charge

00:58:25.640 for it whatsoever and you come attend from wherever you are i should also say for those who don't know

00:58:29.320 tony robbins knows more people in the world than anyone i've ever met on mine thank you thanks for

00:58:37.640 having me

The Tucker Carlson Show - January 20, 2024

Tony Robbins

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