Valuetainment - August 18, 2021


Chase Millions or Passion？


Episode Stats

Length

9 minutes

Words per Minute

211.9883

Word Count

2,030

Sentence Count

168

Misogynist Sentences

6

Hate Speech Sentences

2


Summary


Transcript

00:00:00.160 Do you chase passion?
00:00:01.160 Do you chase money?
00:00:02.160 Who's right?
00:00:03.160 A lot of motivational speakers say, never give up on your dreams.
00:00:06.080 Always chase your passion.
00:00:07.760 Always chase your dream.
00:00:08.760 Actors, actresses, athletes, even presidents sometimes say that, but who the hell is right?
00:00:13.800 We're going to get to the bottom of it today, okay?
00:00:20.720 So if this video gets you more clear about your decision whether you ought to chase passion
00:00:24.120 or money, I want you to give me a thumbs up and subscribe to the channel.
00:00:26.440 Having said that, let's get right into it.
00:00:28.200 So the way I see it is, I see money chasing money as logic.
00:00:32.280 I see chasing passion as emotion, meaning left brain, logical, right brain, emotional.
00:00:38.200 Now, when you hear the word emotion like, I want to chase passion, what are people really
00:00:42.680 talking about?
00:00:43.680 What are we passionate about?
00:00:44.620 Is it art?
00:00:45.620 Is it sports?
00:00:46.620 Is it travel?
00:00:47.620 Is it animals?
00:00:48.620 Is it movies, fitness, hobbies, partying, faith, God, philosophy?
00:00:51.000 I'm passionate about my church.
00:00:52.700 I'm passionate about art.
00:00:54.320 I'm passionate about sports.
00:00:56.160 What is it you're passionate about to say, I don't want to chase money.
00:00:59.020 I just want to chase passion.
00:01:00.880 Because I've heard if you chase passion, money will follow.
00:01:03.740 It's not always right.
00:01:05.160 I'm 42 years old.
00:01:06.660 I am in love with baseball.
00:01:08.280 I love baseball.
00:01:09.680 Do I go chase being a Major League Baseball player today because I'm so passionate about
00:01:13.620 it?
00:01:14.620 I think money's going to show up.
00:01:16.120 Maybe the Dodgers are going to sign a 42-year-old Middle Eastern man that's never played organized
00:01:20.280 baseball.
00:01:21.200 Because I'm so passionate about it, right?
00:01:23.060 Oof, I'm going to make it to the Major Leagues.
00:01:24.060 I'm going to buy my baseball card one day from Upper Deck or Prism and all this other
00:01:28.820 stuff.
00:01:29.820 That's kind of cool, right?
00:01:30.820 Yeah, but is that really something that I'm capable of doing?
00:01:33.200 Ray Dalio once said, he said, you can almost do anything, but not everything.
00:01:37.780 The sooner you know that you can't do everything, the sooner you'll be able to not waste time
00:01:42.400 chasing stuff that maybe you're not going to be able to monetize, right, or be great
00:01:45.240 at.
00:01:46.240 Let's look at logic.
00:01:47.240 Now, watch this.
00:01:48.240 Logic is a little bit boring.
00:01:49.620 This is exciting.
00:01:51.300 This is a little bit boring if you think about it.
00:01:53.360 So logic, you've got to be able to learn how to reason with people.
00:01:57.100 Critical thinking.
00:01:58.100 Wow, that's sexy, right?
00:02:00.100 Accountability.
00:02:01.100 Who doesn't want to wake up in the morning being accountable to investors, to a boss,
00:02:06.060 to a supervisor, to clients?
00:02:07.880 We love being held accountable, right, or analytical or strategy or numbers or sequencing
00:02:12.520 of facts.
00:02:13.760 This is boring, but necessary.
00:02:15.780 This is exciting, but doesn't necessarily provide results all the time.
00:02:19.120 So I want you to think about it from this angle.
00:02:20.580 Think about the biggest decisions you're going to make in your life, right?
00:02:22.960 Can we say marriage is one of the biggest decisions you'll ever make in your life?
00:02:26.440 Is that a fair assessment?
00:02:27.440 Okay.
00:02:28.440 Let's just say you said yes.
00:02:29.880 Should your decision be made on emotion and passion?
00:02:32.500 Should your decision be made on logic?
00:02:34.240 Not necessarily money, but logic.
00:02:35.500 But let's think about this.
00:02:36.980 Should it be 100% emotional?
00:02:38.180 I come home and you say, hey, mom, dad, guess what?
00:02:40.060 What?
00:02:41.060 I just met this girl.
00:02:42.260 I love her.
00:02:43.260 I've never felt this way before.
00:02:45.100 I know nothing about her past.
00:02:46.600 I know her parents.
00:02:48.100 They're a mess.
00:02:49.600 She's been a mess.
00:02:50.440 I think she told me that her last 17 boyfriends never worked out, but I think I'm going to
00:02:55.140 be the one because I'm crazy about her.
00:02:56.880 What do you know about her past?
00:02:58.260 Not a lot.
00:02:59.260 Is she career?
00:03:00.260 I don't know that.
00:03:01.260 I just love her.
00:03:02.260 Married purely on emotion or maybe take your time a little bit.
00:03:05.100 How about logic?
00:03:06.100 How about you date somebody and say, you know, mom, I don't really like this guy.
00:03:09.720 Hey, babe, when you're around him, does he give you the butterflies?
00:03:12.100 Do you get excited about him?
00:03:13.480 Not at all.
00:03:14.480 Are you attracted to him?
00:03:15.480 At all, mom.
00:03:16.480 I think he's ugly.
00:03:17.480 Babe, why are you dating this guy?
00:03:19.820 Mom, he's so loaded.
00:03:22.260 He's got so much money.
00:03:24.020 He's so rich.
00:03:25.540 You're just doing it based on logic.
00:03:26.980 You think that's also the right way of doing it?
00:03:28.540 Depends on who you ask, right?
00:03:30.100 There's got to be a balance, the debate becomes, should the decision be 60% emotion, 40% logic?
00:03:36.960 Should it be 60% logic?
00:03:38.180 Some will tell you 70% logic because guess what?
00:03:40.960 If you get married to somebody, then you've got to make one of the other decisions, which
00:03:43.540 is what?
00:03:44.540 Kids.
00:03:45.540 That's hard work raising kids nowadays, right?
00:03:48.340 Career.
00:03:49.340 What industry should I be a part of?
00:03:50.340 Where do you live?
00:03:51.340 Should I live in California?
00:03:52.340 Should I live in New York?
00:03:53.340 Should I move?
00:03:54.340 Because the regulation is changing in my state.
00:03:55.340 I want to go to a different place.
00:03:56.340 Education, buying a home, friendship.
00:03:59.120 All of this depends on the decision you make based on your passion or logic.
00:04:04.180 Now, a big part of the decisions we make, if you look at this graph here, I try to do
00:04:08.980 my best to explain it to you.
00:04:10.840 The younger we are from the day we're born to say 80, the younger we are, pink represents
00:04:17.160 passion and emotion.
00:04:18.980 Green represents more logic, right?
00:04:21.100 The younger we are, we only like to make decisions based on passion and emotion.
00:04:26.120 We don't make the best decisions.
00:04:28.300 At some point in your life, after many breakups, after you realize we all pay taxes, after you
00:04:34.720 realize you're not always going to be the one chosen for promotion.
00:04:39.140 You're going to be passed up on promotion sometimes.
00:04:41.080 A guy that's lazier just because they're related to the mother of the business or the CEO of the
00:04:46.180 business is going to get the promotion over you and that pisses you off because you stayed
00:04:50.300 up every night until 10 o'clock and that schmuck gets the promotion over you just because his
00:04:54.260 last name is Johnson and yours is not.
00:04:56.420 And you can never compete with that kid.
00:04:57.900 Then you start realizing and saying, listen, man, this passion stuff, I'm sorry.
00:05:02.020 I work a lot harder than the other guy.
00:05:03.540 Why does he deserve it?
00:05:04.740 You start kind of getting a little bit of this.
00:05:06.780 And about 30 to 40 years old, you sit there and say, maybe I need to start making some logical
00:05:11.200 decisions as well.
00:05:12.200 Listen, I love this girl.
00:05:13.200 She's attractive.
00:05:14.200 She's hot.
00:05:15.200 She's thinking about, is this the right thing?
00:05:16.900 The last three relationships didn't work because of dot, dot, dot.
00:05:19.520 What should I do?
00:05:20.520 So, I'm not sitting here telling you this or I'm not telling you this.
00:05:25.380 I'm telling you to get this balance right.
00:05:27.900 In what areas of your life do you use emotion?
00:05:30.960 In what areas of your life do you use logic?
00:05:33.080 For example, buying underwear.
00:05:35.240 How much emotion do I need to buy an underwear?
00:05:37.040 Like, I go to Costco.
00:05:39.000 I need some underwear.
00:05:40.000 Do I need to make an emotional connection with that underwear to buy an underwear?
00:05:43.240 No.
00:05:44.240 It's 100% logical.
00:05:46.400 I'm buying an underwear.
00:05:47.480 Now, if you're buying lingerie, does there need to be a little bit of emotional connection
00:05:51.960 to that lingerie?
00:05:52.960 Because, you know, you kind of need to look good at it and, you know, I get it.
00:05:56.000 So, lingerie may be a little bit different.
00:05:58.000 Socks.
00:05:59.000 Are you going to turn somebody in with socks?
00:06:00.280 Hey, look at these socks.
00:06:01.280 Oh my gosh, you look so sexy today.
00:06:03.960 It's socks.
00:06:04.960 Pure logic, right?
00:06:05.960 Car.
00:06:06.960 You like it, man.
00:06:07.960 I kind of like it when I sat in it.
00:06:09.960 The engine.
00:06:10.960 Maybe a little bit, but you need to kind of balance this part up.
00:06:12.960 By the way, long term, you will win more the more you pay attention to this.
00:06:18.080 Now, let's go back to this.
00:06:19.560 I'm a pretty creative guy.
00:06:21.440 I'm a pretty passionate guy.
00:06:23.120 I'm passionate about a lot of weird things.
00:06:25.240 I like baseball cards.
00:06:26.120 I just had a, what do you call it, a card that just was delivered right now to me.
00:06:30.600 It's a 1965 Shelby Cobra, Kirkham.
00:06:34.000 It's an aluminum, silver.
00:06:36.600 I just drove it.
00:06:37.600 I can't even tell you what it sounds like.
00:06:38.800 When I turn on the engine, I'm like, oh my gosh, right when I drove that car.
00:06:43.120 It was ridiculous, right?
00:06:44.720 But I'm in an insurance industry.
00:06:47.240 Very logical.
00:06:48.240 Compliance.
00:06:49.240 Actuaries.
00:06:50.240 Underwriting.
00:06:51.240 Table A.
00:06:52.240 Table B.
00:06:53.240 Table C.
00:06:54.240 Table D.
00:06:55.240 Pouring to some people, right?
00:06:56.240 Well, we put on a convention last week.
00:06:58.240 I just got back two days ago.
00:07:00.000 We filled out the MGM Grand Arena during Delta, during COVID, during shutdown, during all this
00:07:05.120 mess.
00:07:06.120 And we had over 10,000 people at this event when Nicky Jam was performing.
00:07:09.700 We had, you know, what do you call it, Sebastian Maniscalco.
00:07:11.960 I mean, he was hilarious.
00:07:14.360 Mario Lopez was the emcee of the evening.
00:07:16.360 Kim and I were co-emceeing.
00:07:17.920 I had Mike Tyson there.
00:07:19.000 I had Frederick De Silva there.
00:07:20.980 People were crying, laughing, cracking up, having a blast because we learned how to combine
00:07:27.000 a logical industry with emotions because this is still tied to emotions.
00:07:33.720 If you can figure out a way to balance those two, you'll win at the highest level.
00:07:37.740 Few things I will tell you.
00:07:38.880 Rather than ask you the question, should I chase passion or should I chase money, I'll
00:07:42.700 give you a different perspective.
00:07:44.200 I like to chase the right habits.
00:07:46.820 I want to chase working with the person that I'm going to sit in a boardroom and see how
00:07:51.700 they negotiate, see how they address conflicts, see how they address issues.
00:07:55.980 I want to chase being part of an organization, a company with a big vision that seems almost
00:08:01.760 impossible.
00:08:02.760 I have an opposition, and people say, you cannot do it, and I'm in that room with these people
00:08:07.640 and seeing how all of a sudden, oh my gosh, I can bring value to this area.
00:08:10.920 Why I can bring value to this area.
00:08:12.800 Oh my gosh, look how we overcame this.
00:08:15.060 How did we overcame that one time when we almost ran out of money?
00:08:17.800 And then you win.
00:08:19.080 In that process of doing the impossible with a group, you learn how to become a better
00:08:23.460 leader.
00:08:24.460 You learn how to move people better.
00:08:25.420 You realize you're tougher than you actually thought you were.
00:08:27.640 You were able to handle things in ways maybe you never thought you could handle.
00:08:30.640 Then you pick up all these incredible habits.
00:08:32.720 At that point, you can choose to continue with that organization.
00:08:36.600 But what you definitely did do is you increased your market share, and you learned how to work
00:08:42.180 with different passionate people that bring different things to the table.
00:08:46.400 When you make money, you can always fund your passion.
00:08:49.000 I love making movies.
00:08:50.100 I'm going to make movies.
00:08:51.500 I love art.
00:08:52.500 I'm going to buy a lot of ridiculous art.
00:08:53.920 I love baseball cards.
00:08:55.540 I've bought many, and I'm planning on buying a lot more.
00:08:58.520 I am passionate about all of this stuff.
00:09:00.640 I will never stop funding this.
00:09:04.060 But it's sequencing, understanding what percentage needs to be logic, understanding what percentage
00:09:09.480 needs to be emotion.
00:09:11.280 Hopefully that helped you out.
00:09:12.280 If you took a lot away from this video, smash, thumbs up, and subscribe to the channel.
00:09:17.320 Got a video I want you to watch.
00:09:18.320 I did a video years ago, I think maybe six years ago, five years ago, titled How to Double
00:09:22.260 Your Money.
00:09:23.260 If you've never watched that video before, How to Double Your Money, click over here to watch
00:09:26.600 that video.
00:09:27.600 That's probably going to lead you to another video called 20 Rules of Money.
00:09:29.720 But start with this first, then go watch 20 Rules of Money.
00:09:32.560 Take care everybody.
00:09:33.560 Bye bye.