Valuetainment - Episode 225： How To Double Your Income

00:00:00.000 30 seconds. One time for the underdog. Ignition sequence start. Let me see you put them up. Reach the sky, turn the stars up above. Cause it's one time for the underdog. One time for the underdog.

00:00:17.260 I'm Patrick Bedevi, your host of Valuetainment, and today we're going to talk about how you can double your current income. Yes, whatever you're making today, what can we do to double that income immediately? We're going to talk about it today in this episode.

00:00:27.580 So let's look at the first item here, which is what is the average income people make based on their age? Here's what we have. 16 to 19 year olds. There's roughly 1.7 million full-time employees ages 16 to 19. The average income for them is $22,000 a year income. Interesting, 16 to 19.

00:00:47.480 Then you have 20 to 24 year olds. There's 9.7 million full-time workers, those ages. The average income is $27,456. Slightly of an increase, maybe 25% increase, right?

00:00:58.600 25 to 34 is our biggest workforce. 29 million people who work ages 25 to 34 full-time. The average income is $39,416.

00:01:09.080 And then we have 35 to 44 year olds, that's $27 million, give or take. $49,400. 45 to 54, there's $25 million. Their income is roughly $50,000. Average, 55 to 64, we have $19.8 million, $20 million roughly.

00:01:23.480 Their average income drops off, look at this, to $49,608. And then 65 and older, believe it or not, we actually have $4.1 million full-time employees in America above the age of 65.

00:01:33.560 Which says a lot, by the way, people working full-time after 65, their average income drops off to $46,176.

00:01:41.100 So now, why are we looking at this? What story does this tell us? It says a lot to me when I look at it. Here's what it looks like.

00:01:48.000 Our income is growing from 16 to 19, to 20 to 24, 25 to 34, increases 35 to 44. After 35 to 44, your income is flat, matter of fact, decreasing afterwards.

00:02:00.220 Think about that. Income doubles, more than doubles, up to 44 years old, then it stays flat.

00:02:07.060 So why does most people's income stay flat after 44? That means whatever you make at 41 years old, you're pretty much going to be making at 64 years old.

00:02:14.580 Does that make any sense to you? What happens there? We'll talk about that here in a minute to highlight why this takes place to most people.

00:02:22.020 But this is average. If you want to be average, this is the market for you.

00:02:26.020 I also want to talk about the 1%ers. On the 1% side, we're going to look at the 1% income and the 1% net worth by age. 0.97

00:02:34.460 Here's what we found out. The average 25-year-old 1%er, you have to make $160 to be in the 1% of 25-year-olds.

00:02:42.300 And to be in the 1% of net worth of 25-year-olds, you have to have $80,000 to your name, right?

00:02:47.240 Some people may look at this and say, man, $80,000, that's it for 25-year-olds?

00:02:50.840 $80,000 is a lot of money for a 25-year-old to have in savings. That's the net worth of a top 1% 25-year-old.

00:02:57.220 $30,000, you make $200,000. At $30,000, you're in the top 1%. $400,000 of net worth.

00:03:01.920 $35,000, you make $250,000. You're in the top 1% net worth, $1.25 million.

00:03:07.820 $40,000, you've got to make $320,000. $3.2 million net worth to be in the top 1%.

00:03:12.660 $45,000, $400,000 puts you in the top 1%. $5.2 million net worth.

00:03:16.700 $50,000 is $470,000. Look at the trend.

00:03:18.760 Everything else is $470,000 to be in the 1%. For the next 15 years, it's all $470,000.

00:03:23.760 But at $57 million, puts you in the top 1%. At $55,000, it's $8.46.

00:03:28.240 At $60,000, it's $9.4 million. And at $65,000, if you're worth $11.75 million,

00:03:33.040 you're in the top 1% of net worth. So why is that?

00:03:37.300 Why is it that they make what they make, and the average number is so much lower than what they're making here?

00:03:43.640 What is the biggest difference? What takes place here?

00:03:46.660 Well, I'm going to explain to you on what happens when our incomes double during these ages.

00:03:52.260 Before I get into my points, I want you to look at this here. It's a basic chart.

00:03:56.080 So think about what events take place to us from 12, 16, 24, 30, 35 years old.

00:04:01.080 Right around here, the income stays flat.

00:04:03.160 But what events take place the most here?

00:04:05.600 This is when our income has grown the fastest. What happens?

00:04:08.340 We are in so many situations where we have to change.

00:04:12.200 We are forced to learn. Think about it.

00:04:15.420 You're watching this. If you have a parent, you and I didn't have a choice to go to school

00:04:19.300 when we were 8 years old, or 12 years old, or 10 years old.

00:04:21.900 We were forced to go to school.

00:04:23.920 We were almost forced to improve.

00:04:26.060 It was not a choice.

00:04:27.820 Then you go into college.

00:04:29.300 I'll never forget the first time I went to college.

00:04:31.540 My professor's name was Van Damme.

00:04:33.300 That was his name.

00:04:33.880 He didn't look like Van Damme, but his name was Van Damme, right?

00:04:36.620 And me and my friend are sitting right next to each other.

00:04:38.620 It's me, Armand, and another guy named Kogan.

00:04:41.200 Kogan I worked with at Burger King years ago, and Armand owns Rafi's Place.

00:04:46.060 And we're sitting there.

00:04:47.160 Here's his opening line.

00:04:48.660 How many freshmen are in the room?

00:04:50.220 We put our hands up.

00:04:51.480 Hey, freshmen, just so you know, this is no longer high school.

00:04:54.100 It's college.

00:04:55.020 Which means I don't care if you're tardy.

00:04:56.820 I don't even care if you don't show up.

00:04:58.380 Because it's college.

00:04:59.420 You have to have responsibility for yourself.

00:05:01.560 So I look at my friend Armand.

00:05:03.280 I said, Armand, did you hear what he just said?

00:05:04.760 Yeah, everybody, dude, let's test him tomorrow.

00:05:07.700 Let's not show up.

00:05:08.720 Guess what we did?

00:05:09.320 We didn't show up the next day.

00:05:10.140 Matter of fact, I didn't show up the entire semester.

00:05:11.840 I got a W from the guy.

00:05:13.480 I'm like, freedom!

00:05:14.540 I don't have to show up to class, right?

00:05:16.880 But we were forced to improve here.

00:05:18.780 Then the choice hits you.

00:05:20.360 Then we have to choose to improve.

00:05:22.160 And most of us, when the choice is on us, we kind of go on coast mode.

00:05:26.020 We don't longer put that kind of pressure on ourselves.

00:05:28.200 We're an adult.

00:05:29.020 I don't have to be in that kind of pressure type situation.

00:05:31.560 Entire high school is competitive.

00:05:33.180 Entire school system is competitive.

00:05:34.760 You're constantly having to change yourself to get better.

00:05:37.360 Income grows.

00:05:37.980 Then eventually we get to a point where we don't want pressure anymore.

00:05:40.360 We stay cruise control.

00:05:41.220 So watch this here.

00:05:41.940 Point number one about doubling your income.

00:05:44.560 Our income doubles the most when we recreate ourselves the most.

00:05:49.520 If you recreate yourself, you get new results.

00:05:52.280 If you stay the same person, old results.

00:05:55.300 This mode is constant recreation mode.

00:05:57.920 How many times did you go to school in high school?

00:06:00.260 And there was a kid that was a nerd the year before.

00:06:02.700 Think about it.

00:06:03.600 How many times you went to high school when the kid was a nerd the year before, and then

00:06:07.680 all of a sudden he shows up the next year.

00:06:09.580 He went from nerd to being cool.

00:06:10.920 What happened there?

00:06:12.200 Off season, maybe he decided to get a girlfriend.

00:06:14.840 Off season, maybe he started lifting weights.

00:06:17.060 Off season, maybe he took some boxing classes.

00:06:19.460 And then he comes back walking like this in the 11th grade.

00:06:21.700 Like, dude, you were a nerd last year.

00:06:23.440 What happened to you?

00:06:24.480 He recreated himself.

00:06:26.400 But that doesn't happen too often when we get here.

00:06:28.580 We're the same from 40 to 55, 65 years old.

00:06:32.140 You recreate yourself.

00:06:33.360 Then again, recreate yourself.

00:06:35.040 Then again, recreate yourself.

00:06:36.180 How many do you have a friend?

00:06:37.200 Maybe you have a friend that you haven't seen for like a year.

00:06:39.380 And you see your friend, and what do you say?

00:06:40.620 I don't recognize this guy.

00:06:41.540 He recreated himself.

00:06:43.180 She recreated herself.

00:06:44.940 If you, your income earlier, when we said, what's your income this year versus five years,

00:06:48.940 ten years?

00:06:49.740 If that hasn't changed dramatically, and you're 45 watching this, 45, 35, it's about

00:06:54.840 the same, you have not recreated yourself lately.

00:06:58.480 You're pretty much the same person you were 10 years ago.

00:07:01.000 And if you want new results, you've got to recreate yourself.

00:07:03.820 It's almost got to be the measurement like this.

00:07:06.140 Thanksgiving, you see your friends and family.

00:07:08.120 You haven't seen them for six months.

00:07:09.240 Some of them got to say, I don't recognize you.

00:07:11.220 Your family reunion you have, you go to once a year.

00:07:13.640 I don't recognize you.

00:07:15.560 Christmas, I don't recognize you.

00:07:16.980 School reunion, I don't recognize you.

00:07:18.480 There's got to be a part of recreation in order for your income to double.

00:07:21.980 Number two, this age, lots of peer pressure.

00:07:25.420 Most people hear the word peer pressure, and they go automatically negative.

00:07:29.420 For me, when I hear peer pressure, I say you choose to create positive or negative peer

00:07:34.640 pressure.

00:07:35.340 When you have positive peer pressure, it's very difficult.

00:07:38.780 Let me explain to you why.

00:07:40.140 You see, when that peer pressure is somebody doing better than you, you're in an environment

00:07:44.200 that someone's doing better than you, you're like, oh my gosh, I'm so sick and tired

00:07:47.320 of hearing this name.

00:07:48.460 I can't believe everybody's talking about her.

00:07:50.740 Why is she working out as hard as she is? 1.00

00:07:52.900 Why is she going to the gym? 1.00

00:07:54.260 Who cares about the diet?

00:07:55.460 Look at his six-pack.

00:07:56.580 Look at his muscles.

00:07:58.060 Look how fast he's doing this.

00:07:59.320 Look how much books he's reading.

00:08:00.540 Look what he's doing.

00:08:01.520 It's positive peer pressure.

00:08:03.320 So you're either going to rise up to the positive peer pressure, or you're going to run away.

00:08:06.960 Very simple.

00:08:07.880 You're going to fight, or you're going to flight, or you're going to freeze.

00:08:10.620 Oh my gosh, I'm not in this league.

00:08:12.080 But one of those three is going to happen to you, right?

00:08:14.440 So when you get older, that peer pressure gets less and less and less.

00:08:18.680 You surround yourself around all the friends that are just warm and fuzzy, because you no

00:08:22.260 longer like positive peer pressure.

00:08:24.220 If a friend makes more money than you, unknowingly, hear me out, if a friend is way more successful

00:08:30.080 than you, and they put too much positive peer pressure, sometimes you push them away,

00:08:35.060 and you don't even know you're pushing them away.

00:08:36.900 Let me say it one more time. 0.99

00:08:37.900 Now, you, I'm speaking to you, you may have a friend that kicks your butt, but you're so 0.99

00:08:44.720 sick and tired of losing to her, or to him, that only you know this. 0.99

00:08:49.260 You push this friend away, slowly but surely.

00:08:52.000 You don't even know you're doing it, and then all of a sudden your peer pressure goes lower

00:08:54.880 and lower and lower, because everybody around you is at your level, and they're no longer

00:08:58.040 putting that peer pressure before you increase yourself.

00:08:59.740 So what happens?

00:09:01.040 You become the story, and you stay the same.

00:09:02.860 That friend, who is competing and trying to improve, is not trying to make you feel inferior.

00:09:08.980 He's just trying to recreate himself constantly, and you're done recreating yourself.

00:09:13.580 If you are, that guy's going to go to a whole different level.

00:09:16.300 If you also want to go there, go add some more positive peer pressure in your life.

00:09:20.000 Matter of fact, ask yourself right now, who are the five friends that put a lot of peer

00:09:22.540 pressure on you?

00:09:23.600 And they'll tell you a lot about what's taking place.

00:09:25.180 Number three.

00:09:25.660 This is going to get a little confusing, but it's going to make sense to you by the time I'm

00:09:28.820 done.

00:09:29.000 It's going to sound like I'm on shrooms, or I'm smoking something, but it makes sense

00:09:33.600 to you here in a second.

00:09:34.400 Listen, listen, listen to me.

00:09:37.680 As you're here, not a lot of funerals you go to, right?

00:09:41.520 When you're here, you go a lot of birthday parties, graduation, things like that, right?

00:09:44.960 Maybe when you get here, you go to college graduations.

00:09:46.920 Maybe when you get here, you go to some weddings.

00:09:48.400 But when you get to here, you start attending some funerals.

00:09:51.300 And let me tell you what kind of funerals throws people off.

00:09:54.400 The kind of funerals that throws people off is the following.

00:09:57.160 So, say a good friend of yours.

00:09:59.740 I had a friend of mine.

00:10:00.960 He passed away.

00:10:02.140 On the day he passed away, he took 50 Vicodins.

00:10:04.940 He died.

00:10:05.640 I took this guy to a rehabilitation center all over the place.

00:10:08.820 He died.

00:10:09.480 But he died because he couldn't drop Vicodin.

00:10:12.380 And that eventually got to him.

00:10:13.900 Okay?

00:10:14.220 And it was my best friend in the world.

00:10:15.720 One of the most difficult days of my life.

00:10:17.240 When I got that phone call, I remembered exactly I was in a black Lincoln town car with who was

00:10:21.360 in the car?

00:10:21.760 A guy named Jim and another guy.

00:10:24.020 And I was driving.

00:10:24.700 I got the phone call.

00:10:25.400 I cried for 30 minutes and I was supposed to speak that day at a session in Diamond Bar.

00:10:28.920 I gave that talk.

00:10:29.780 People thought I was angry.

00:10:31.140 My best friend just died.

00:10:32.840 When he died, so many of my friends stopped using drugs.

00:10:36.120 Because that taught us a lesson.

00:10:38.040 Drugs can really kill you.

00:10:39.740 That was a big factor.

00:10:41.440 What hurts a lot of people and messes with their mind is when someone dies that you were not

00:10:46.500 expecting to die.

00:10:47.340 Let me say this again.

00:10:48.720 A friend who works out and they're in shape, 37 years old.

00:10:51.480 They go to sleep, they have a heart attack, they die.

00:10:53.540 A friend who's 41 years old, in shape, they're fine, they're good.

00:10:56.760 They have an aneurysm and they die.

00:10:58.380 A cousin of yours that's younger that they die.

00:11:00.600 Not the car accident.

00:11:02.200 Not the ones that you expected.

00:11:03.760 Not the person that dies because everybody knew this was kind of going to happen because

00:11:07.500 they had bad drug addictions.

00:11:09.480 When someone dies unexpectedly and you were expecting them to live a long time, here's

00:11:14.400 what happens to people around these ages.

00:11:16.260 Ready?

00:11:16.660 Here's what happens.

00:11:17.940 Oh my gosh.

00:11:20.460 Why am I working so hard?

00:11:22.920 Why am I putting this kind of pressure on me?

00:11:25.480 Babe, what if?

00:11:26.460 And then you sit with your wife or your husband and you're like, babe, maybe we don't need 0.85

00:11:30.040 to work that hard, babe.

00:11:31.520 We live only once, babe.

00:11:32.840 And we need to kind of backtrack.

00:11:34.580 And this is too much on the body.

00:11:35.800 It's too much, too stressful.

00:11:37.400 And what if this?

00:11:38.640 And you convince yourself that if you don't go after your dreams, you could die because

00:11:44.800 somebody died in your life and that puts fear in you and it immobilizes you and you'll

00:11:50.100 level out.

00:11:50.960 Now, some people watching this.

00:11:53.320 Two years ago we had a presidential campaign.

00:11:55.800 Two people ran to become a president.

00:11:57.500 One name was Hillary. 0.98

00:11:58.480 The other person's name was Donald.

00:12:00.400 They were both 69 years old.

00:12:02.700 And you know who had more stress on their lives than them?

00:12:04.520 Nobody in the world.

00:12:05.940 Every magazine, every newspaper, every news station was bashing them morning till night.

00:12:11.900 That's pressure.

00:12:12.980 Imagine being Donald's kids.

00:12:15.080 You have to constantly hear about all these other names.

00:12:17.320 Imagine being Hillary Clinton's kids.

00:12:19.200 You have to hear about your dad.

00:12:21.200 That's real pressure.

00:12:22.800 You can't go anywhere without somebody saying something to you.

00:12:25.840 They're still running for office.

00:12:27.300 How about the football coaches that are coaching at 69 years old?

00:12:29.780 Pete Carroll.

00:12:30.160 Why is he coaching at 67, 68 years old?

00:12:33.340 Why was John Wooden still coaching?

00:12:35.100 Why are some of these guys putting that kind of pressure on themselves?

00:12:38.260 Because when that event took place in their lives, they didn't pivot and get scared.

00:12:43.120 They said, that happened to him.

00:12:45.240 I'm going to live my life and go to the doctor and get myself checked out.

00:12:48.480 Hopefully I can live a long time, but I'm not going to stress out over dying overnight.

00:12:51.820 Napoleon had wrote a book, Thinking Grow Rich.

00:12:54.160 Many of you have read it.

00:12:55.520 He talked about the different kinds of fears, people.

00:12:57.320 I want his public speaking and all this other stuff.

00:12:59.860 He said, there are so many people that are afraid of dying.

00:13:01.620 I had a very, very good friend of mine, and he would always ask me about the fear of dying.

00:13:06.240 He was so scared of dying.

00:13:08.560 And I watched this guy.

00:13:10.140 He was an incredible sales guy.

00:13:12.240 He was incredible at the business.

00:13:14.660 The subtle fear of death, that it went into the spirit, and the mom validated it.

00:13:19.440 Yeah, honey, slow down. 0.87

00:13:20.840 Watch the way Patrick's working.

00:13:22.200 Slow down.

00:13:22.760 What if this, this, this, this, that?

00:13:24.420 That kid went from being a top performer, to playing defense, to flat.

00:13:28.240 Same income today as he had 20 years ago, 15 years ago.

00:13:31.260 Because he got afraid.

00:13:32.660 Something got him.

00:13:33.360 By the way, this doesn't stop there.

00:13:34.820 You know what else happens while people level out?

00:13:36.720 You'll have a friend of yours.

00:13:37.740 They give everything they got to a business.

00:13:39.400 They work so hard.

00:13:41.120 They're doing so good.

00:13:42.220 And then all of a sudden, market crashes.

00:13:44.080 They lose everything.

00:13:44.780 You know what you say?

00:13:46.060 You say, that's the reason why I don't want to start a business.

00:13:49.400 Look what happened to Johnny.

00:13:50.600 He did everything right.

00:13:51.600 He worked so hard.

00:13:52.840 That's why I don't want to start a business.

00:13:54.040 He lost his house.

00:13:55.060 He got a divorce.

00:13:56.140 He got this.

00:13:57.100 We, you know, educated people, when we go to school, you know, we don't need to go out

00:14:00.100 there and go fight that hard.

00:14:01.080 Because why chase money?

00:14:02.060 Look at Johnny.

00:14:02.580 Try to chase money.

00:14:03.260 Look what happened to him.

00:14:04.180 And he fell.

00:14:05.300 And you use that one example as your excuse to stay where you're at for the next 30 years.

00:14:10.800 One example.

00:14:11.740 Because one person lost everything, that means that's going to be you.

00:14:14.540 You do that with divorces, all these other things.

00:14:16.500 By the way, when you're 20 years old, you can eat pizza, you don't gain weight.

00:14:21.120 Okay?

00:14:22.100 What changes from 20 to 30 is, I just had a conversation with a couple of my employees.

00:14:25.220 When you turn 30, this pops out.

00:14:27.040 So, if you start eating pizza, this pops out.

00:14:30.960 When you turn 40, this goes away.

00:14:32.640 Let me show you what I'm talking about.

00:14:34.160 This.

00:14:34.920 Touching your toes without bending your knees.

00:14:37.920 Flexibility goes away.

00:14:39.400 When you're 50, stamina goes away.

00:14:42.000 So, as this is aging and you're building as an entrepreneur, yes, you do got to go get

00:14:45.940 executive health plans done for yourself.

00:14:47.980 You do have to go pay $4,000 to have everything being checked out.

00:14:51.100 I just got an angiogram on my heart.

00:14:52.760 They put the dye in my heart and they checked out my arteries.

00:14:55.860 Because I got to get it checked out.

00:14:56.900 I'm under a lot of pressure as an entrepreneur.

00:14:58.400 I'm an athlete, right?

00:14:59.820 I got my MRI.

00:15:01.200 45 minutes I went into that machine with that whole sound you hear MRI.

00:15:04.520 What an annoying sound, right?

00:15:06.520 And I did that to get my brain checked out.

00:15:08.260 Am I good?

00:15:08.920 What's going on over here?

00:15:10.440 All of those things you got to do.

00:15:12.480 But if you sit there afraid of one day bad things happening to you because it's happening

00:15:16.260 to everybody else, you're going to be sitting around 10, 20, 30, 40 years.

00:15:19.880 The best earning years of your life will be gone just because of a couple of your friends

00:15:24.680 went through some mess and that got you to stop recreating yourself and it stayed the

00:15:28.100 same.

00:15:28.660 Next point.

00:15:29.520 Fourth one.

00:15:30.220 Compressing time frames.

00:15:31.200 Look, people ask me, Pat, what can I do because I really want to have this lifestyle

00:15:35.540 and I really want to get to this point and I really want to get my dreams to become a

00:15:38.340 reality.

00:15:38.700 I really want to become wealthy.

00:15:39.840 I really want, whatever it is, I really want to, whatever, right?

00:15:41.880 But I don't want it to be so slow.

00:15:44.360 I tell them, compress time frames.

00:15:46.500 I learned this a long time ago.

00:15:48.260 I was at a training.

00:15:49.600 A gentleman got up.

00:15:50.560 His name was Rich.

00:15:51.480 He talked about compressing time frames.

00:15:53.520 And I said, what do you mean?

00:15:54.240 He says, can you fit three days in one day?

00:15:56.140 What does that mean, three days in one day?

00:15:58.080 If the average person does 15 appointments in three days, if you do 15 appointments in

00:16:03.400 one day, you're doing the average person's three days in one day.

00:16:06.780 And if you do that at a three-year pace, five-year pace, then what an average person will do in

00:16:12.560 30 years, you do in three years or five years.

00:16:15.480 I got that idea.

00:16:16.360 I said, oh my gosh, this is great.

00:16:17.960 Because you know, a lot of people think they work hard because they're at the office 80 hours

00:16:20.680 a week.

00:16:21.540 But doing what?

00:16:22.260 Checking news feed?

00:16:23.060 That's not hard work.

00:16:24.240 Checking Instagram?

00:16:25.080 That's not hard work.

00:16:25.940 I'm talking work.

00:16:26.960 On the phones, negotiating.

00:16:28.640 Just this morning, I went from one meeting to the next meeting to the next meeting to

00:16:31.960 the next meeting.

00:16:33.100 To my 65 minutes of cardio today.

00:16:35.160 To reading the notes.

00:16:36.460 Seeing what's going on in the news.

00:16:37.720 Seeing what just took place with Amazon, Alibaba.

00:16:39.940 Seeing what's going on with Sears.

00:16:41.040 Seeing what's going on with the market being 4% up for the year on the S&P.

00:16:44.720 And then having a hardcore negotiation with a carrier that we have five of our people in

00:16:49.540 their town.

00:16:49.940 I'm just trying to go back in for trying to take this partnership from just a regular business

00:16:54.320 partnership to a real partnership where we can do big things together.

00:16:57.340 That's all today.

00:16:58.780 And I'm trying to get things going, right?

00:17:01.160 If you can figure out a way to condense time frames, you work three days in one day.

00:17:06.360 Instead of having to work 20 years to get what other people are getting, you'll be able

00:17:09.160 to do it in three to five years.

00:17:10.620 But that means you've got to condense time frames.

00:17:12.500 That means you've got to work on Saturdays.

00:17:14.080 That means you've got to drop TV.

00:17:15.180 That means you've got to drop partying.

00:17:16.500 That means you've got to drop some of that stuff to double your income faster.

00:17:19.020 And that idea is condensing time frames.

00:17:21.680 And last but not least, you watch this and you say, Pat, I'm tired.

00:17:25.960 You want me to work three days in one day?

00:17:28.260 Give me a flip and break. 0.90

00:17:29.980 What are you talking about?

00:17:31.640 I don't want to do this.

00:17:33.120 What if you know in the next three years if you worked efficiently and you compressed

00:17:36.340 time frames, you worked three days in one day.

00:17:38.520 What if right now you're making $55,000 of your income?

00:17:40.740 What if three years from now you get equity in a company because you're working so hard,

00:17:44.200 you become a leader and all of a sudden the buyout, you get a $1.1 million check.

00:17:47.780 You get a $600,000 check.

00:17:50.360 What if three years from now you're all of a sudden making $250,000 of your income?

00:17:53.700 What's $250,000 mean to you, by the way?

00:17:55.420 What if all of a sudden you're making seven figures?

00:17:57.200 What if some of you that are running big businesses, your business goes from doing $10 million

00:18:00.900 a year to $80 million a year?

00:18:02.260 What if you do that?

00:18:03.200 What if that does take place?

00:18:04.320 What does that mean to you?

00:18:05.240 Look, at the end of the day, why an entrepreneur, why an athlete goes at the level they go?

00:18:13.060 Some of these athletes are on the road eight months out of the year.

00:18:16.820 Traveling, training, working out, flying, hotels, not their own house, not their own bed.

00:18:24.780 You know when you sleep in somebody else's bed in a hotel, you don't sleep the same way

00:18:27.720 you do in your because your mechanism is protective.

00:18:30.200 So you're always like, what is that sound?

00:18:31.880 It's not the same as sleeping in your own bed.

00:18:33.840 Why do people do this?

00:18:35.360 Why do people put their bodies through this?

00:18:37.340 What are they trying to do?

00:18:38.960 At the end of the day, I have three kids.

00:18:40.980 I have a six, a five, and a two-year-old.

00:18:42.820 At the end of the day, I have family.

00:18:44.880 At the end of the day, I have certain things I want to fight for.

00:18:47.460 At the end of the day, I have memories that I relive in my mind with my mom, my dad, my

00:18:51.440 sister, Iran, school, Germany, refugee camp, all these memories.

00:18:55.780 At the end of the day, I remember being the kid afraid, concerned, filled with dreams.

00:19:00.680 What if one day?

00:19:01.480 What if one day?

00:19:02.260 What if one day?

00:19:02.940 What if one day?

00:19:03.440 I don't know if I could do it, but what if one day?

00:19:04.840 What if one day?

00:19:05.940 What if one day?

00:19:07.040 At the end of the day, you're not doing this stuff to say, look at the money I made.

00:19:12.100 I'm trying to show off to you.

00:19:13.600 Look at my house. 0.76

00:19:14.700 Because if that's the case, you die, you're replaced.

00:19:17.240 You're from there.

00:19:17.760 Everybody forgets about you.

00:19:19.680 Go back and look at who was at the top box 10 years ago.

00:19:22.340 No one remembers them.

00:19:23.920 Go back and look about who the hero.

00:19:25.400 It's just, it's not about that.

00:19:27.780 It's about, you're going to look back and say, one, my kids are going to realize that their daddy,

00:19:31.540 their mommy, at one thing, they became a best at.

00:19:34.780 My mommy and my daddy taught me about character because they took what they do very seriously.

00:19:40.340 They became prolific at what they did in their business.

00:19:42.940 Like some like this.

00:19:44.320 Your kid goes to private school.

00:19:46.020 You're there celebrating.

00:19:48.280 Your kid goes, becomes an attorney, a doctor.

00:19:50.680 They become their own business owners.

00:19:52.400 They watch how daddy worked.

00:19:53.640 They watch how mommy worked.

00:19:54.680 They see how diligent they are.

00:19:56.300 They show the level of respect they have for other people on how they do business because

00:19:59.000 they watched you do it.

00:20:00.140 They realize, man, my dad worked on himself.

00:20:03.260 My mom worked on herself.

00:20:04.760 She wasn't just somebody that was going out there doing all this other stuff.

00:20:07.200 And they realize, that's my mom.

00:20:08.720 They're telling their peers, your kids' peers want to hang out with you.

00:20:12.700 When the day comes when your kid is 35 years old, married, with kids, and as a grandpa,

00:20:18.320 all you want to do is grandkids to be around you.

00:20:20.660 I want my kids to want to bring their grandkids to me.

00:20:23.360 And they're going to one day sit there and say, hey, this Christmas, whose house do you

00:20:26.680 want to go to?

00:20:27.160 I want to go to Papa Patrick's house.

00:20:30.000 I'm on a melt.

00:20:31.180 They're climbing all over me.

00:20:32.460 We did a video the other day of me looking like I'm 80 years old.

00:20:34.680 Oh, do you know what I'm going to look like at 80?

00:20:36.340 And they're climbing all over me.

00:20:37.840 And we're playing.

00:20:39.000 Hey, grandpa, tell me some stories.

00:20:41.280 I'm pulling pranks on them.

00:20:42.580 I'm joking with them.

00:20:43.440 I'm kind of seeing how they are.

00:20:44.680 I'm just having a blast.

00:20:46.060 And the family stays together.

00:20:47.680 All this stuff you're doing, you're not doing it to say, I'm better than you, and all this

00:20:50.340 other stuff.

00:20:51.460 You're doing it because with your time that you have here, 60, 70, 80, 100, 120, whatever

00:20:55.280 your years is, you're going to be able to make the maximum impact you can so the blood,

00:21:01.180 your people, your family, look at you and say, my dad, my mom is a man, a woman of character.

00:21:06.080 I want to one day live a life like them.

00:21:08.320 And that way, you're making the future better than it was the past because of the example

00:21:13.240 you set for the people in the future who are your kids, your grandkids.

00:21:16.340 That's why we do what we do here.

00:21:18.020 Aside from that, everything else is boring. 0.96

00:21:19.560 You're going to die.

00:21:20.100 Your Ferrari, Lamborghini, all this stuff stays. 0.59

00:21:22.700 But the legacy you left behind, that stays behind.

00:21:25.760 And that's the real value of why you may want to consider yourself fighting to get into

00:21:30.420 the one person and constantly recreating yourself because the future looks brighter.

00:21:34.400 Thanks, everybody, for listening.

00:21:35.640 And by the way, if you haven't already subscribed to Valuetainment on iTunes, please do so.

00:21:40.380 Give us a five-star.

00:21:41.780 Write a review if you haven't already.

00:21:43.280 And if you have any questions for me that you may have, you can always find me on Snapchat,

00:21:47.340 Instagram, Facebook, or YouTube.

00:21:49.300 Just search my name, Patrick MidDavid.

00:21:51.220 And I actually do respond back when you snap me or send me a message on Instagram.

00:21:56.200 With that being said, have a great day today.

00:21:57.940 Take care, everybody.

00:21:58.660 Bye-bye.

Valuetainment - December 06, 2018

Episode 225： How To Double Your Income

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