Valuetainment - March 22, 2021


Advice For Teenage Entrepreneurs


Episode Stats

Length

6 minutes

Words per Minute

226.3635

Word Count

1,490

Sentence Count

101


Summary


Transcript

00:00:00.120 Teenage and young entrepreneurs, it's important for you to know that you have an edge over
00:00:03.640 30, 40, and 50-year-olds, and here's what it is.
00:00:06.120 I don't think most know about it, but you ought to know about it, and here's what it
00:00:09.540 is.
00:00:09.680 Look, when I was 18 years old, 19 years old, in the Army, we would party Friday night till
00:00:16.600 3, 4 o'clock in the morning after a full day, after I woke up at 4 o'clock to go to formation,
00:00:22.900 and we would stay up till 3, 4 o'clock at night in the morning.
00:00:26.160 We'd wake up the next day, come back, go hit the gym, party again the following night,
00:00:30.280 Saturday till 3, 4 o'clock in the morning, come back, go hit the gym, and then boom, Sunday
00:00:33.840 night I would go party at a club in Nashville that was a country music club, and I would
00:00:40.300 come home at 2 o'clock, formations at 4, 5 o'clock, going on 2, 3 hours, and we're working, running,
00:00:46.180 and you know, 5 miles, 4 miles, and then working on Hummers and trucks, and then coming back,
00:00:50.860 hitting the weights, and then going to sleep at night, and I did this for years, and years,
00:00:54.800 and years.
00:00:55.320 So when I got out of the Army, I understood as a 20-year-old, I had an edge, because I
00:01:00.520 knew I had stamina that was my edge over some 30, 40, 50, or 50-year-olds that maybe didn't
00:01:07.360 have that kind of a stamina to compete, so you have that stamina going for yourself.
00:01:12.140 The other edge that you have going for yourself is the fact that the older you get, 30-year-olds
00:01:16.940 who have a degree, fancy degree, or 40-year-olds and 50-year-olds who maybe are like director
00:01:20.460 or vice president, whatever they may be, they have a hard time saying, I don't know.
00:01:24.360 It's like, hey, you ever heard of John Doe?
00:01:26.860 Oh, yeah, I've heard of him before.
00:01:28.200 You've never heard of him before.
00:01:29.500 But 30, 40, 50-year-olds say what?
00:01:31.060 Oh, I've heard of him before.
00:01:32.000 Because they have hard times saying, I don't know.
00:01:35.160 But you're a teenage entrepreneur.
00:01:36.560 You're a teenager.
00:01:37.400 You're a young entrepreneur.
00:01:38.560 You have the power of saying, I don't know.
00:01:40.980 Teach me.
00:01:41.840 I don't know.
00:01:42.720 Teach me.
00:01:43.520 I don't know.
00:01:44.320 Teach me.
00:01:44.820 Which what that does is, to everybody that wants to teach you their secret sauce that
00:01:49.620 they typically wouldn't teach to everybody else, the idea of saying, I don't know.
00:01:53.660 Teach me.
00:01:54.520 Gets a person from this to guards down because you're no longer a threat.
00:01:58.300 So they're willing to really teach you the deeper element of winning in business or whatever
00:02:03.400 it may be.
00:02:04.220 Versus the 30, 40-year-olds like, I know too much.
00:02:06.180 So they will never say, I don't know.
00:02:07.480 Which means they're not going to ask the questions.
00:02:09.180 Which means they're not going to be as curious because they have a degree.
00:02:11.560 Or they read 50 books or they read the right articles or whatever they have.
00:02:15.420 They can't say, I don't know.
00:02:16.260 You as a teenage entrepreneur and a young entrepreneur, you have the stamina going for yourself.
00:02:21.380 You have the ability to say, I don't know.
00:02:23.280 The opposition is willing to have their guards come down, that they're willing to share the
00:02:26.520 real deep insight with you on what it takes to win in any kind of an industry.
00:02:30.020 And then the other one that you have going for yourself at a young age is the following.
00:02:33.700 Look, when you're 35 and you're married, one day you wake up with a woman next to you,
00:02:39.180 a man next to you, call husband and wife.
00:02:40.860 And you got two, three kids that are screaming and saying, mommy, daddy, waking you up in
00:02:45.740 the middle of the night.
00:02:47.480 And most parents from that moment on, rather than using the kids as a motivation to go out
00:02:52.980 there and win, use the kids as an excuse to say, well, you don't understand.
00:02:57.660 I got no sleep last night.
00:03:00.120 It was so crazy.
00:03:01.940 And oh my gosh, I wish this, this, this.
00:03:05.480 All these things they're going to use, right?
00:03:07.080 To say, I got no sleep last night.
00:03:09.080 Which is right, they didn't get any sleep last night.
00:03:10.960 They're right.
00:03:11.440 They didn't get any sleep last night.
00:03:12.960 But most people, it takes to their mid-30s and 40s to realize when you have a baby, you'll
00:03:19.240 learn.
00:03:19.840 You could have all this time gone with four to six hours of sleep for many, many years.
00:03:24.280 But you didn't know you could because you partied hard.
00:03:26.700 You slept through eight to 10 hours and you wasted your 20s.
00:03:30.220 You wasted your teens because you partied constantly.
00:03:33.680 You wasted it.
00:03:34.640 Partying is overrated.
00:03:37.540 This is coming from a guy that did plenty of it.
00:03:40.020 It's overrated.
00:03:42.540 I figured this part out at 24 years old, 25 years old.
00:03:47.600 And it gave me an edge if you think about it because I had a five-year edge.
00:03:50.960 I have a six.
00:03:51.540 Many of my peers partied until their mid-30s.
00:03:53.760 I stopped at 23, 24, 25.
00:03:55.840 You're watching this, you're 15 years old, 16 years old, 17, 18, 19, 20, 21, 22, whatever
00:04:00.020 age you may be.
00:04:01.240 I'm not telling you to live a boring life.
00:04:03.360 I'm not telling you that.
00:04:04.220 I'm not telling you to go be square and boring.
00:04:07.000 I'm not telling you to go do that.
00:04:08.960 All I'm saying is be very aware that you have so much energy that you don't even know you
00:04:16.580 have.
00:04:17.280 You have to be 50 to know the energy you have.
00:04:19.980 You have to be 60 to know the energy you have.
00:04:22.220 You have it.
00:04:23.140 That energy is priceless.
00:04:25.120 You can't even put a value on it.
00:04:26.400 It's not like it's worth a million dollars or $10 million or a billion dollars.
00:04:29.900 It's priceless.
00:04:31.160 Any 60-year-old would do anything to exchange their energy with yours of what you had at
00:04:36.580 18, 19, 20 years old.
00:04:37.900 So if you use that, use the power of I don't know.
00:04:41.360 You use the power of bringing people's guards down where they're willing to share with you
00:04:45.200 what worked for them.
00:04:46.400 And you have the power to sit out there and work where you don't have to worry about
00:04:50.060 the kids' liability, responsibility, pressures, all this other stuff.
00:04:52.940 But to learn at 35 years old that you have a different gear that you can tap into, that
00:04:58.420 the only time people learn that they can tap into is when they have a kid and they realize
00:05:01.500 there are nuts, you can only get two hours, and you're still going to have to go to work.
00:05:05.160 You're still going to go to have to.
00:05:06.400 There's been nights I went to sleep.
00:05:08.020 And I'm like, wow, wow.
00:05:10.800 I had three of them.
00:05:11.580 I got another one on the way.
00:05:12.560 Now I'm about to go through the phase again in the next few months, right?
00:05:15.680 You're like, oh my gosh.
00:05:16.760 And you go to work and no one knows.
00:05:18.060 You're going on two and a half hours of sleep because every hour and a half or two hours you woke
00:05:21.640 up because a kid was sick or whatever happened, drooling, all this.
00:05:25.000 That's the stuff where you say, oh my gosh, I'm capable of doing so much more.
00:05:28.460 So teenage and young entrepreneurs, if you watch this, I can give you 20 more things that
00:05:34.940 you have an edge over.
00:05:36.080 You have to know this yourself.
00:05:37.700 So for the right person watching this, if a parent shared this video with somebody else
00:05:41.980 that's that age and they're sitting there saying, oh my gosh, I never thought about it
00:05:44.600 this way before.
00:05:45.180 If you do it the right way, your future looks bright.
00:05:49.260 And by the time you're 25 years old, 30 years old, if you find the right person in your
00:05:53.480 early 20s to work with that, you shadow.
00:05:55.560 And you start getting caught up in this whole thing about passion.
00:05:57.840 You get caught up into the right person to shadow.
00:06:00.380 By 35 years old, you have all the money.
00:06:02.380 You can go buy a nightclub or restaurant and call it after your name if you wanted to because
00:06:06.040 you did it the right way.
00:06:08.040 You maximize the era of being a teenager and a young entrepreneur and how much value there
00:06:13.220 is behind that.
00:06:13.860 If you watch this video and you want to know a little bit more about a message like this,
00:06:18.880 I did a video years ago titled, The Biggest Mistakes I Made My First Year As An Entrepreneur.
00:06:23.440 You ought to know this.
00:06:24.360 If you've never seen this video, it's an old video, go watch this video.
00:06:27.800 I share with you the biggest mistakes I made as a young entrepreneur.
00:06:32.740 Having said this, have a great week, everybody.
00:06:34.280 Take care.
00:06:34.700 Bye-bye.