Valuetainment - September 18, 2018


Episode 172： The One Thing to Master As An Entrepreneur


Episode Stats

Length

23 minutes

Words per Minute

228.94356

Word Count

5,373

Sentence Count

413

Misogynist Sentences

1

Hate Speech Sentences

2


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

If you and I could learn only one skill set to master, what would it be in life that I would want to teach my kids? It s going to be this one. In today s episode, I talk about it and why it s the most important thing to teach your kids.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 30 seconds, one time for the underdog, ignition sequence start, let me see you put em up, reach
00:00:09.240 the sky, turn the stars up above, cause it's one time for the underdog, one time for the
00:00:16.220 underdog.
00:00:17.320 I'm Patrick, I'm your host of AITM, and today I'm going to talk to you about the most important
00:00:20.620 thing, if you and I could learn only one skill set to master, what would it be in life that
00:00:24.520 I would want to teach my kids?
00:00:25.800 It's going to be this one, I talk about it in today's episode.
00:00:28.360 So, for me, I have a four-year-old, and I have a two-year-old, and my four-year-old son
00:00:33.920 and my two-year-old son, they're watching daddy, and there's so many things I can teach these
00:00:38.220 guys, right?
00:00:38.820 I have another one on the way, my wife and I are expecting a daughter right now as our
00:00:43.340 third one, but as a parent, I think if I had the one conversation with my kids, and I'm
00:00:49.980 going to tell them one thing, what would it be?
00:00:51.140 Because in life, I've always been so curious to talk to people and folks who have built
00:00:58.540 big businesses, big franchises, big families, healthy families, what was the one thing?
00:01:04.580 What was the one thing?
00:01:05.500 What was the one thing?
00:01:06.260 What was the one thing?
00:01:07.100 And I've heard so many of them, so many more over the years, that for me, from all the studying
00:01:13.420 I've done, I've come out with one thing, this is the one thing above all, that's the
00:01:19.080 most important thing that I plan on teaching my kids, that also I strive to teach people
00:01:26.380 that I mentor as entrepreneurs, because I have yet found to have one thing be above this.
00:01:32.400 Now, let me tell you what some of the things that you and I have heard about, when you ask
00:01:35.580 people and say, what's the one thing?
00:01:37.280 Many of us have heard some people say, well, you got to learn to control your emotions.
00:01:40.860 It's more important than anything else.
00:01:42.660 Okay, that's a good point.
00:01:44.200 You got to take care of your health, because your health's got to come before your wealth.
00:01:47.520 Makes sense.
00:01:48.160 Very valid.
00:01:49.260 You got to learn how to hustle and make money.
00:01:51.240 Sure.
00:01:51.940 You got to learn how to love people.
00:01:53.200 You hear that one a lot.
00:01:53.980 Love is the most important thing.
00:01:55.380 Love is this.
00:01:55.940 Love is that.
00:01:56.740 Great.
00:01:57.180 No problem.
00:01:58.040 You got to have a relationship with God.
00:02:00.820 You got to do what you love, right?
00:02:03.060 You got to work hard.
00:02:04.440 All valid.
00:02:05.300 All great.
00:02:05.900 But is it the one thing?
00:02:07.160 Some may say, God is the one thing.
00:02:09.360 You know, integrity is the one thing.
00:02:12.500 Work for a non-profit.
00:02:13.980 One thing.
00:02:14.980 Give back.
00:02:16.100 Money isn't everything.
00:02:17.820 Gratitude.
00:02:18.720 Save your virginity.
00:02:19.920 Respect.
00:02:20.760 Marry the right person.
00:02:22.160 All valid.
00:02:23.740 Pray.
00:02:24.520 Meditate.
00:02:25.320 Read.
00:02:26.260 Discipline.
00:02:27.280 Stay in school.
00:02:28.720 Avoid drugs and alcohol.
00:02:30.340 So far, everything makes sense.
00:02:32.940 Compassionate.
00:02:33.740 Care about people.
00:02:34.700 Give back.
00:02:35.820 Slow down a little bit in life.
00:02:37.640 Don't follow the majority.
00:02:39.360 All of this stuff, they're all good things.
00:02:42.220 But what is the one thing?
00:02:43.840 To me, it's the one thing.
00:02:44.900 What's the one thing?
00:02:46.220 You know, I remember when I first got started in business, I was so overwhelmed because this
00:02:49.960 person would say, do this, do this, do this, do this, do that.
00:02:51.880 And I was all over the place.
00:02:53.120 I asked, what's the one thing?
00:02:55.260 I don't want 17 things.
00:02:57.040 What's the one thing?
00:02:58.260 And I'll never forget the one thing I got in business.
00:03:00.380 And that became my absolute obsession.
00:03:02.700 People ask me today, what's your one thing in business?
00:03:06.360 You know, what's the one thing in this?
00:03:07.500 So, to me, the one thing to teach your kids or the one thing for you to master comes out
00:03:15.180 to this.
00:03:16.080 The one thing.
00:03:18.480 And the one thing, all of this goes within that one thing.
00:03:23.480 And that's what it is.
00:03:24.260 Let me tell you what it is.
00:03:25.020 The one thing is for you and I to learn how to process issues.
00:03:34.080 That's the one thing.
00:03:35.920 You see, if a person learns how to process issues, that person generally ends up becoming
00:03:41.800 a president, a governor, a CEO of a company, a head coach for a team, a head coach for an
00:03:48.140 organization.
00:03:49.180 It doesn't matter.
00:03:50.400 Remember, people who lead larger organizations, they learn how to process issues.
00:03:55.380 Now, you may say, Pat, what do you mean process issues?
00:03:57.620 Are you telling me processing issues is above all of this?
00:04:00.400 Yes.
00:04:00.980 What do you mean by that?
00:04:01.600 Let's explain it.
00:04:02.240 Watch this.
00:04:03.580 If a person knows how to process issues, when you and I are absolutely furious with somebody
00:04:08.880 or something happens, in the mind, while you're irritated and you want to tell them
00:04:13.680 off, if you know how to process issues, here's how you go through it.
00:04:16.760 You say, if I tell her this, and she's going to come back and say this, and it's going
00:04:19.900 to go back and say this, and I'm going to leave a mark, and she's going to get upset,
00:04:22.320 and I'm going to get upset.
00:04:23.180 I'm not going to sleep good.
00:04:24.020 Our relation's not going to be good.
00:04:25.040 We're not going to talk for the next two, three months, four months, five months.
00:04:27.380 What if my kids do this to me?
00:04:28.860 You're just going to go deep with it, and you just say, I'm going to stay quiet.
00:04:31.580 Now, this is if we learn how to do this.
00:04:33.500 Processing issues.
00:04:34.280 Two, health.
00:04:35.600 If you learn how to process issues, you're going to say, my back hurts.
00:04:37.940 Why is my back hurt?
00:04:38.940 My ankle hurts.
00:04:39.660 Why does my ankle hurt?
00:04:40.900 Why is my energy?
00:04:42.420 Why am I sleeping and so on?
00:04:43.700 Maybe I'm not exercising enough.
00:04:45.200 Maybe I need to get my diet.
00:04:46.020 I'm eating too much sweets.
00:04:47.300 I'm eating too many burgers, but it's all back to processing issues.
00:04:50.540 Hustle.
00:04:51.240 If you're struggling financially, you don't have any money, you're going to sit there and
00:04:53.880 say, why don't I have any money?
00:04:55.240 Why is it that we're broke?
00:04:56.120 Why is it that we don't live in a nice place?
00:04:57.420 Why is it that we have no money in place?
00:04:58.840 Am I working hard enough?
00:04:59.780 Why do I watch so much TV?
00:05:00.900 Why is it that everybody I talk to, I know all the TV shows that are going on.
00:05:04.320 You know, NBA Housewives.
00:05:06.240 I know CSI.
00:05:07.120 I'm all over telling you shows in the pocket.
00:05:08.240 I don't watch a lot of shows.
00:05:09.540 You know, I know every single event.
00:05:11.220 I know everything I've watched.
00:05:12.240 Every single basketball game.
00:05:13.620 I know too much about it.
00:05:14.620 I'm not hustling enough.
00:05:15.580 If you process, you'll hustle.
00:05:18.740 Love.
00:05:19.420 What is love?
00:05:20.340 Am I, my relationship is going bad.
00:05:22.300 Why is my relationship with my dad not that good?
00:05:23.820 Why is my relationship with my friends not that good?
00:05:25.060 Why is my relationship with my girlfriend, my boyfriend, my husband, my wife, my kids
00:05:27.740 not that good?
00:05:28.600 Am I loving him?
00:05:29.240 What is love?
00:05:30.220 Is love just a feeling?
00:05:31.940 Is it that my wife keeps telling me, you don't tell me you love me anymore.
00:05:34.560 And I told her that, well, love is something you already should know that I love you.
00:05:37.500 It's not that I have to tell you I love you.
00:05:39.020 Give me a break.
00:05:39.740 I told, I married you already.
00:05:40.920 I've given you a life.
00:05:41.920 You should already know I love you.
00:05:43.160 But then she tells me, no, you don't show that you love me.
00:05:45.280 So what is love?
00:05:46.000 Let me go research.
00:05:46.760 What is love?
00:05:47.420 What is really love?
00:05:48.640 Oh, love is an action.
00:05:50.800 Love is a verb.
00:05:51.720 So if love is a verb, am I showing love?
00:05:53.580 Man, I need to start showing love.
00:05:54.640 So what do I do?
00:05:55.640 When's the last time I bought her flowers?
00:05:56.920 It was six years ago.
00:05:57.720 I need to send a dozen roses.
00:05:59.160 Then you'll learn how to love because you process the issue of what love is.
00:06:03.520 God.
00:06:04.080 You know what?
00:06:04.380 I don't believe in God.
00:06:05.160 Now, let me tell you.
00:06:05.920 Something happened very strange the other day when I was saying this.
00:06:08.460 And I just say, you know what?
00:06:09.200 I'm going to try.
00:06:09.620 I'm going to try to see if this prayer stuff works.
00:06:11.220 And I'm going to go out there and do this.
00:06:12.740 And is there really a God?
00:06:13.820 If there isn't a God, I read this, you know, that religious video that came out by Bill
00:06:17.500 Moore.
00:06:17.900 And he's all about there is no God.
00:06:19.380 And he goes and he calls these people out at the Catholic Church.
00:06:21.400 And they talk about this, this, this, and all that.
00:06:23.520 And I heard this other guy that talked about Scientology and do this.
00:06:26.180 And I wonder if I'm a Mormon.
00:06:27.020 So which one is it?
00:06:27.600 Is it Jehovah's Witness, Seventh-day Adventist, a Christian, Catholic, Mormon?
00:06:30.560 Which one do I go with?
00:06:31.620 Is it?
00:06:31.960 But should there be a God?
00:06:32.900 There isn't a God.
00:06:33.380 Did man create the earth?
00:06:35.240 Who created the earth?
00:06:35.920 Is it the sand that turned into human?
00:06:37.500 So are we in evolution from the, you know, gorilla to this on to what?
00:06:41.340 So, but if you're curious, then eventually you're going to figure out that there is probably
00:06:46.560 a higher power or there isn't for you because you're learning how to process issues.
00:06:50.900 If I just tell my kid, you ought to believe in God because of X, Y, Z, you should believe
00:06:55.140 in God and go to church.
00:06:56.160 I'm going to force him.
00:06:56.820 He's not going to want to do it.
00:06:57.740 Instead, I'm going to tell him, tell me what your questions are about it.
00:07:00.440 Why don't you go research it and come up with all the different arguments?
00:07:03.380 So I want to teach the kid how to think.
00:07:05.460 I want to teach the kid how to process the issue.
00:07:08.200 If I, so many times kids are forced to be raised in a church, they don't want to even
00:07:11.820 want to touch it anymore.
00:07:13.500 It's forced.
00:07:14.480 I'd rather have you process the issue.
00:07:17.000 So who's this Jesus guy?
00:07:18.040 Do you believe in this Jesus guy?
00:07:19.320 Do you think it's real?
00:07:20.260 Maybe it's fake.
00:07:21.100 Maybe he's a maniac.
00:07:22.000 Maybe it's not real.
00:07:22.880 What do you think about this other guy, Joseph Smith guy?
00:07:24.680 What do you think about the Dianetics guy?
00:07:26.160 You know, what do you think about this guy, L. Ron Hubbard?
00:07:29.140 What do you think about this other guy, you know, Baha Allah?
00:07:31.540 What do you think about this Mohammed guy?
00:07:32.680 What do you think about this prophet guy?
00:07:33.980 What do you know about him?
00:07:34.980 What do you think there's, how did all these guys talk about God?
00:07:37.220 What is his 10 commandments all about?
00:07:38.720 It's a really legit, this is learning how to process issues.
00:07:42.480 If there is a sense of curiosity and I can teach somebody how to process issues, they'll
00:07:46.720 eventually come to a conclusion here.
00:07:48.580 Do what you love.
00:07:49.800 Do what you love.
00:07:50.560 Process issues.
00:07:51.800 Am I really, is it truly about me doing what I love or what is me loving?
00:07:55.520 It's like some, I had a conversation with somebody the other day and says, you know what?
00:07:58.460 I just don't know if I love this anymore.
00:08:00.260 And I said, what is this?
00:08:02.220 He says, what do you mean?
00:08:02.900 I said, you said you don't love this anymore.
00:08:04.940 So what is this?
00:08:06.640 He says, I don't understand the question.
00:08:08.000 I said, okay, you don't love this anymore.
00:08:10.520 What is this?
00:08:11.040 And he says, well, this is insurance and financial service.
00:08:14.460 I said, that's this to you?
00:08:15.680 Because that's not what this is to me.
00:08:17.120 He says, what do you mean?
00:08:18.100 I said, do you love people?
00:08:20.440 Uh, I think so.
00:08:22.340 I said, so do you do this business because the product is, so you think you're going
00:08:27.020 to go to real estate and fall in love with bricks?
00:08:29.560 You think you're going to go to pharmaceutical sales and fall in love with medicine?
00:08:33.620 So what is this?
00:08:34.940 Redefine what this means to you.
00:08:36.400 To me, this means people.
00:08:37.840 And I love people.
00:08:39.220 I'm curious about people.
00:08:40.780 So every day I get to work, I'm touching people and learning about people.
00:08:44.340 I'm so curious about that.
00:08:46.260 Oh, I never thought about it that way before.
00:08:47.920 So we processed it together.
00:08:49.700 Now he's high on life.
00:08:51.660 He completely different place because we processed what it meant.
00:08:55.040 Do I still love what I'm doing?
00:08:56.620 Because processing issues again is the number one thing to learn.
00:09:00.200 Working hard.
00:09:00.800 Should I work hard?
00:09:01.440 Should I not work hard?
00:09:02.280 It's a processing issue.
00:09:03.840 Integrity.
00:09:04.220 What if I lied to this person?
00:09:05.220 I should probably lie to this person.
00:09:06.940 But if I lied to this person, what if that other person lies to me?
00:09:09.120 What if I lied to this person now and later on we have a relationship and then they find
00:09:12.840 out that I lied to them and the next thing you know, I'm getting a divorce.
00:09:14.920 Do I want to get a divorce after having three kids?
00:09:16.580 And then I have to do child custody, all this other stuff.
00:09:19.360 Man, it's better off me not lying.
00:09:20.500 I just better be open with them right now.
00:09:21.920 So I don't have to worry about the headache.
00:09:23.560 Integrity.
00:09:23.880 I'm doing business with that person.
00:09:24.840 What if I lied to this partner right now and I tell him I really don't have anything?
00:09:27.540 Because if I tell him I don't have anything, then I have a power play because I tell him
00:09:31.000 I need a bigger salary.
00:09:32.260 Because if he knows that I have more money and then later on he finds it, then I lose the
00:09:35.160 partner.
00:09:35.500 Do I want to have the...
00:09:36.500 This is integrity of processing issues.
00:09:38.600 If you know how to process issues, there is not a lot of value in lying.
00:09:42.360 So you'll learn if you process issues.
00:09:44.840 Next, working for a non-profit.
00:09:46.500 Why would I want to help give people money back?
00:09:47.940 I work for that money.
00:09:48.680 Should I give the money back?
00:09:50.020 But maybe there's money.
00:09:50.800 I mean, somebody helped me out when I was younger and somebody helped me.
00:09:53.520 You know what?
00:09:54.040 I want to give back.
00:09:54.720 It feels good when I give back.
00:09:55.420 I want to teach my kids to also give back.
00:09:57.320 Because if you hold on to it, you lose what you already have.
00:09:59.300 If you give it back, it comes back.
00:10:00.660 I want to give back.
00:10:01.300 Let me see how this feels.
00:10:02.140 Oh my God.
00:10:02.560 I felt so good giving back.
00:10:04.580 Processing issues.
00:10:06.640 Money isn't everything.
00:10:07.560 Is money really not everything?
00:10:08.560 My mom keeps telling me money is not everything.
00:10:10.280 Money is not everything.
00:10:11.100 But honestly, I watched my mom and dad go through a divorce.
00:10:14.060 So if money wasn't everything, why is it that day and night all they argued about was over money?
00:10:18.460 But now that I have money, I don't think money is everything.
00:10:21.060 But it allows me to use it as a tool to do other things in my life.
00:10:23.620 So is it really ta-ta-ta-ta-ta?
00:10:25.540 You go deeper into it.
00:10:27.480 For every one of these things, gratitude, savior virginity, respect, marry the right.
00:10:32.560 I mean, I'm giving you what people are giving me.
00:10:34.720 These are answers that they're giving me.
00:10:35.900 These are not my answers.
00:10:37.280 This is what other people have constantly said.
00:10:38.980 Marry the right person.
00:10:40.540 It's processing issues.
00:10:42.080 This is purely processing issues.
00:10:44.280 Praying, meditate, reading.
00:10:46.060 Somebody asked me, why should I read?
00:10:47.340 We process that issue together.
00:10:49.200 And they said, oh, this makes sense.
00:10:50.600 Why does it make sense to be disciplined?
00:10:52.080 Process that issue.
00:10:53.420 Stay in school.
00:10:54.200 Is it truly to stay in school for me?
00:10:56.480 Why would I want to go to school?
00:10:57.480 So the whole episode we did on stay in school or dropout.
00:10:59.640 And I got more controversy.
00:11:00.920 And Fortune wrote an article about it.
00:11:02.700 Business Insider wrote an article about it.
00:11:04.220 A bunch of people called us to do blogs, podcasts, all these other things.
00:11:08.780 Pat, you really believe 80% of kids should drop out of school?
00:11:11.180 Yes.
00:11:11.460 Why?
00:11:12.000 Go watch the video.
00:11:13.360 80% should drop out.
00:11:14.560 Yes, 80% should drop out of college.
00:11:16.780 Pat, you're crazy saying that.
00:11:18.240 Never said I'm not crazy.
00:11:19.600 But that's how I process the issue.
00:11:21.360 I don't agree with you.
00:11:22.440 Watch it then.
00:11:23.040 Tell me if you agree with me or not.
00:11:24.160 Can we put the picture of that so they know which one it is and where to find it?
00:11:27.320 The link on the bottom as well.
00:11:29.100 Processing issues.
00:11:30.540 Avoiding drugs.
00:11:31.340 Why is avoiding drugs?
00:11:32.220 Somebody asked me.
00:11:32.940 I sat down and talked to a couple of young guys.
00:11:35.940 And this guy says, well, I like to smoke weed.
00:11:39.420 And I said, you like to smoke weed.
00:11:40.700 I said, tell me why.
00:11:41.500 He says, well, you know, some of the greatest minds smoke pot.
00:11:43.660 I said, tell me the people that smoke pot.
00:11:45.820 Oh, you know, this guy, music, art.
00:11:49.080 I said, what business are you in?
00:11:50.340 He said, I'm in business.
00:11:50.920 What type of business?
00:11:51.660 Sales and da, da, da.
00:11:52.400 He said, you want to smoke weed and smoke pot and be in business?
00:11:55.800 I said, what happens when you smoke pot?
00:11:57.220 What do you think it does to you?
00:11:58.800 Slows you down.
00:11:59.520 It does this, it does that.
00:12:00.360 I said, are you a musician?
00:12:01.720 Do you write music?
00:12:02.560 Do you do this?
00:12:03.100 What do you do?
00:12:04.000 So what are you trying to smoke pot for?
00:12:05.380 We processed it together.
00:12:06.480 So let's just say it doesn't make sense to smoke pot.
00:12:08.200 Why would it make sense to smoke pot?
00:12:09.960 Oh, you know what?
00:12:10.460 But Steve Jobs said, you got to do LSD.
00:12:12.180 And you got to, we processed that together.
00:12:14.120 This other person said, you got to, and all these misconceptions that they've read in
00:12:17.180 an article that you got to do this and you got to do that.
00:12:19.540 That processed the issue.
00:12:20.500 It doesn't make sense to do that.
00:12:21.660 Why do I want to do steroids?
00:12:22.620 Why do I want to do steroids?
00:12:23.460 Because I want to go out there and compete.
00:12:25.000 And, you know, I want to do this.
00:12:26.080 Okay.
00:12:26.320 I mean, if you want to compete and you want to do, you know, get at the highest level,
00:12:29.980 you don't just need to do steroids.
00:12:31.100 You need to go on growth hormone and all that.
00:12:32.260 But do you know the consequences with your body?
00:12:33.720 Are you okay with that?
00:12:34.480 It's processing issues.
00:12:35.840 No, I don't want to, I want to do it because I want to look it for summertime.
00:12:38.500 It doesn't make sense to do it.
00:12:40.240 It's just for body time.
00:12:41.240 So processing issues, compassionate, giving back, slowing down, don't follow the majority.
00:12:46.660 All of this is processing issues, which I call this, the number one thing, is learning
00:12:54.940 how to, learning how to solve for X.
00:13:03.380 If you work for me, you'll hear me talking about this all the time.
00:13:06.240 Let's solve for X.
00:13:07.440 What's X?
00:13:09.320 The more you look at life like this, everything becomes a formula because everything's about
00:13:17.120 solving for X.
00:13:18.420 That's really what life is all about.
00:13:20.240 I talked to a few kids the other day.
00:13:21.800 They came up to me.
00:13:22.420 I was in LA event.
00:13:23.360 I was doing an event and a few kids came up to me.
00:13:26.840 And every time this kid comes up to me, I really like talking to this kid.
00:13:30.240 His mom was standing.
00:13:31.300 I said, listen, you remember what you and I talked about last time?
00:13:33.580 Seven, eight, nine year old kid.
00:13:35.120 So do you remember what you and I talked about last time?
00:13:36.500 He says, yes, I do.
00:13:37.260 What did I say to you last time?
00:13:38.920 And this was like five months ago.
00:13:40.280 He says, you told me pay attention to math.
00:13:42.380 I said, are you paying more attention to math?
00:13:43.980 He said, yes.
00:13:45.560 And I said, here's why math is important.
00:13:48.360 Math is not necessarily about, you know, Pythagorean theorem, all this.
00:13:51.880 Math is about figuring out the formula for life.
00:13:55.660 Math teaches you how to process issues.
00:13:58.340 A lot of times when somebody says, I just cannot stand math.
00:14:01.340 Life is math.
00:14:03.120 Everything about life is math.
00:14:04.740 If you look at math as a, life as a mathematical formula, you start solving problems.
00:14:10.220 Everything becomes math.
00:14:11.740 Everything becomes math.
00:14:13.240 So if you look at marriage as a mathematical formula, health as a mathematical formula,
00:14:17.520 you try to figure out ways how to solve that.
00:14:19.500 That's processing issues.
00:14:22.160 Geometry, the whole CPCTC theorem, that's a processing issues.
00:14:26.500 All the X plus Y equals Z or whatever it is, that's processing issues.
00:14:31.180 Every one of those things is processing issues.
00:14:33.680 So I'm sitting here and I'm telling you all this stuff about processing issues.
00:14:37.600 Some people ask, well, how do I become better at processing issues?
00:14:40.580 What if I want to become better at processing issues?
00:14:42.740 Is there a formula to it?
00:14:44.840 Yes, there's a formula to it.
00:14:46.060 I'm not going to get into all the formula here today.
00:14:48.240 What I will be doing, there'll be a series of processing issues that I'll be taking a subject,
00:14:55.220 okay, marriage, and I'm going to do an episode of processing issues, marriage.
00:15:00.560 And we're going to do a 60-minute episode on how to process issues for marriage.
00:15:05.780 Should I get married or should I not get married?
00:15:07.740 We're going to take money and we're going to process issues for money.
00:15:11.140 How to make the money?
00:15:12.320 Why to make the money?
00:15:13.240 Should you make the money?
00:15:14.260 Why care to make the money?
00:15:15.380 Is there value for the money?
00:15:17.100 Really processing the issue, both emotionally and logically,
00:15:21.080 and going so deep into it that you could make an educated decision saying,
00:15:25.540 this is why I'm making money.
00:15:26.840 Here's why I'm doing it for.
00:15:27.780 And I know why.
00:15:29.060 I'm not just doing it because the whole world says,
00:15:30.620 let me go make $100 million for what?
00:15:32.700 What are you making $100 million for?
00:15:34.360 So there is a formula on how to process issues.
00:15:36.560 But if you look back historically and you think about the greatest minds of all time,
00:15:42.480 Socrates, you got, I believe it's Socrates, Plato, Aristotle, Alexander.
00:15:47.220 I think it is.
00:15:48.180 Socrates, Plato, Aristotle, Alexander.
00:15:51.480 Socrates mentors Plato.
00:15:52.960 Plato works with Aristotle.
00:15:54.560 Aristotle mentors Alexander.
00:15:56.540 Alexander conquers 2 million square miles of the world.
00:15:59.720 What did they really pass to each other?
00:16:01.720 What was it?
00:16:02.320 So we call it philosophy.
00:16:04.060 What is philosophy?
00:16:05.100 It's a way of thinking.
00:16:06.020 What is a way of thinking?
00:16:06.920 It's really about processing issues.
00:16:09.120 When Seneca comes out with Stoicism and Marcus Aurelius, who is the empire of Rome,
00:16:15.620 I think from 62 AD to 69, some seven years is what he is.
00:16:20.260 And he takes Stoicism.
00:16:21.800 Seneca dies because he had to kill himself for what they were going to do to him.
00:16:25.820 And Seneca takes that.
00:16:27.220 And Marcus Aurelius takes Stoicism.
00:16:28.860 He starts teaching Rome about Stoicism.
00:16:30.680 And people start being more responsible, logical.
00:16:34.920 It changes the way of thinking.
00:16:36.700 And now that has an evolution.
00:16:38.240 A thousand years later, 2,000 years later, people are still teaching Stoicism today as a way of thinking.
00:16:43.920 But there was somebody that taught others how to think.
00:16:47.140 If you read the book, one of my favorite books to read, Meditations by Marcus Aurelius.
00:16:53.240 I like the Gregory, is it Gregory Hayes edition?
00:16:58.040 I think it's called the Gregory Hayes.
00:16:59.680 I don't know if I have it here.
00:17:01.820 Anyways, if you message me, I'll message you back with which one I'm talking about.
00:17:05.900 I think it's a Gregory Hayes translation of Marcus Aurelius' Meditations.
00:17:10.560 It's priceless.
00:17:11.340 He teaches you what he learned from his mom, what he learned from his dad, what he learned from his grandfather, what he learned.
00:17:16.360 Everything about his life in about 90 pages, he explains it to you.
00:17:18.980 It's a brilliant book to read.
00:17:20.560 But it's teaching how to think, teaching how to process issues.
00:17:24.600 The sooner, politically, what is politics?
00:17:27.460 When I sit down and talk to somebody and they have such a strong opinion about politics, I'll ask them a question.
00:17:32.140 I say, let me ask you this.
00:17:32.900 Let's just say I give you the best argument right now about your beliefs here.
00:17:35.860 Are you open to changing?
00:17:37.200 No way.
00:17:37.960 I don't have an energy to talk to you about it.
00:17:39.600 For what?
00:17:40.900 For what?
00:17:41.720 What's the point?
00:17:42.980 I say, now, if I challenge this position and you and I talk about it and you disagree, are you going to start name calling or can we really have an adult conversation?
00:17:51.060 No, no, we're going to be okay.
00:17:52.320 Five minutes into it, I see them getting edgy.
00:17:54.000 I say, let's change the conversation.
00:17:55.480 Forget about politics.
00:17:56.180 Let's go to sports.
00:17:56.820 But it's processing issues.
00:17:59.820 And if you truly, and I'm telling you this, listen, I've made so many mistakes in my life and I don't have all the answers.
00:18:08.640 Far from it.
00:18:09.720 I am still, I'm only 37 years old learning for myself to get more clarity in life.
00:18:14.800 But if there is one thing that gives me peace, if there is one thing that gives me peace, is there is the one skill set that I strive to get better in life is processing issues.
00:18:26.800 Hiring and firing people is processing issues.
00:18:30.140 Finding an investor that's an active or a passive investor is processing issues.
00:18:34.380 Deciding how the equity is going to be given up is processing issues.
00:18:37.960 Deciding the amount of money that's going to be paid to somebody is processing issues.
00:18:41.300 Compensation plans, payouts, negotiations with carriers.
00:18:45.120 Why partnering up with this carrier?
00:18:46.760 That's processing issues.
00:18:48.240 Why this carrier doesn't make sense?
00:18:50.200 Why this vendor doesn't make sense?
00:18:51.680 Why move into Texas?
00:18:52.640 Why stay in California?
00:18:54.980 Why pursue this?
00:18:56.120 Why do this?
00:18:57.120 Everything is processing issues.
00:18:58.960 Why should we favor this person at this point of his career on what he's doing?
00:19:02.420 Is he really loving what we're doing?
00:19:04.380 Are we going to make the decision?
00:19:05.360 Is this person only about themselves?
00:19:07.020 It's processing issues.
00:19:08.220 What is the trend with this person?
00:19:09.500 What is the trend with this state?
00:19:10.600 What is the trend with this market?
00:19:12.400 It's not the fact that you have to learn a million things.
00:19:15.840 What you're learning is, throw me as, and by the way, this becomes exciting because anytime that our staff, we have lunch together,
00:19:21.800 this is typically what I'll do.
00:19:23.540 I'll take the most random video that's a subject.
00:19:26.160 Like right now, Google today, what was that one thing?
00:19:29.180 Atlas, the Atlas robot.
00:19:30.440 What is it called?
00:19:30.920 The Atlas what?
00:19:31.940 Atlas.
00:19:32.560 Something, right?
00:19:33.200 I don't know what it's called.
00:19:33.940 It's called Atlas.
00:19:34.540 Boston Dynamics.
00:19:35.160 Boston Dynamics, which is a company owned by Google, launches the first robot.
00:19:40.980 If you haven't seen the video, I highly recommend you go watch the video.
00:19:44.760 It's called Atlas something.
00:19:46.440 Anyway, it's very, very interesting.
00:19:48.240 You see the Atlas.
00:19:48.940 They're kicking him.
00:19:49.540 They're hitting him.
00:19:50.040 He falls down.
00:19:51.080 He gets back up.
00:19:52.100 It's called Atlas, the next generation.
00:19:55.740 Very interesting.
00:19:57.200 So what do you do with that?
00:19:59.200 Very simple.
00:19:59.900 Hey, what do you think about this?
00:20:01.520 What do you mean what do I think about this?
00:20:02.940 You think really the iRobot is going to take place?
00:20:06.080 You think we're eventually going to have a Terminator?
00:20:08.320 You think eventually robots are going to take over the world?
00:20:10.840 You think there's going to be an uprise with robots and all this other stuff?
00:20:14.660 And then you talk about it.
00:20:15.780 What would be the limits with the robots?
00:20:17.820 How could the government control the robots?
00:20:19.580 Will people buy robots?
00:20:21.320 Will people be replaced by robots?
00:20:22.920 Why will people not be replaced by robots?
00:20:25.000 The muscle of processing issues is working.
00:20:28.000 That's what you're doing it for.
00:20:29.960 It's, oh, I can't believe that.
00:20:31.740 Boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom.
00:20:33.840 Boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom.
00:20:37.260 My job as a CEO of PHP agency, a financial firm, is to teach our leaders how to process
00:20:42.800 issues.
00:20:43.800 Our competitors watch a lot of our content, and our competitors will say, oh, we have
00:20:47.420 an edge on what that, I have a feeling, well, this is why we're not afraid of, this is,
00:20:51.860 and some of our competitors will say, hey, what are you guys up to next?
00:20:54.180 What is that thing that I'm hearing about you guys are doing?
00:20:56.060 Well, first of all, our competitors are not really going to know everything we're working
00:20:59.060 on.
00:21:00.060 Some of them will say, why do you even produce this content for everybody else?
00:21:01.560 Well, this is what we're doing.
00:21:03.640 We're freely sharing the information out there with other people, but you're not necessarily
00:21:06.740 going to know everything.
00:21:08.900 You got to know there are some things that we have a team here that's projects that we're
00:21:11.700 working on that not everyone's going to know about because it goes back to processing issues
00:21:15.720 because a part of processing issues is about strategies and the type of strategies you put
00:21:20.100 in place.
00:21:21.100 And some of them, maybe it's like you have zero attention on your competition because
00:21:24.740 your attention is purely on what you want to do to develop something that's never been
00:21:27.800 developed before.
00:21:28.800 What is that?
00:21:30.040 What is that strategy that you have?
00:21:31.200 And the people that you work with typically sit there and say, I buy into this concept.
00:21:35.220 This makes sense.
00:21:36.220 Process it together.
00:21:37.220 So, again, going back to it, like I started off talking about my two boys, my two boys
00:21:43.740 that I love dearly.
00:21:45.220 You know, any second I have with these guys, it's heaven to me.
00:21:49.060 When they're around me, they're wrestling with me.
00:21:50.880 They're jumping on top of me, daddy, daddy, daddy, daddy, daddy.
00:21:54.600 That's heaven to me.
00:21:56.420 And as a responsibility of a father, I have no idea how much more living I have to do.
00:22:01.260 I have no idea how much more living I have to do.
00:22:03.220 If I can teach these kids how to process issues and then I'm dead and they learn how to teach
00:22:09.360 their kids how to process issues and then their kids learn how to teach their kids how
00:22:13.120 to process issues, then that's a tradition you're creating.
00:22:15.800 And I think the reason why America as a country did so well is because many, many generations
00:22:20.580 ago, we taught each other how to process issues and the country kept on evolving, getting better.
00:22:25.480 Rockefeller taught the next entrepreneurs how to process issues.
00:22:28.260 Then you had, you know, Chase and you had Carnegie.
00:22:32.220 Then you had all of these guys that kept teaching how to process issues.
00:22:35.920 And that's one of the reasons why I've given birth to so many incredible entrepreneurs around
00:22:39.100 the world that are doing better than the original fan of entrepreneurs.
00:22:42.240 Why?
00:22:42.800 Because everyone's learning on how to process issues from the prior generation.
00:22:47.920 And I think the more we give back, there are many ways to be able to make a better world,
00:22:52.740 a better country, better life for our kids, for yourself, for myself, more exciting, more
00:22:57.540 intense.
00:22:58.260 But it's going back to the one skill of how to process issues.
00:23:03.600 Thanks everybody for listening.
00:23:04.980 And by the way, if you haven't already subscribed to Valuetainment on iTunes, please do so.
00:23:09.340 Give us a five star, write a review if you haven't already.
00:23:12.520 And if you have any questions for me that you may have, you can always find me on Snapchat,
00:23:16.560 Instagram, Facebook, or YouTube.
00:23:18.540 Just search my name, Patrick MidDavid.
00:23:20.440 And I actually do respond back when you snap me or send me a message on Instagram.
00:23:25.420 With that being said, have a great day today.
00:23:27.160 Take care everybody.
00:23:27.880 Bye-bye.