Valuetainment - July 19, 2021


The Importance of Having Stamina As An Entrepreneur


Episode Stats


Length

1 minute

Words per minute

210.2555

Word count

395

Sentence count

32


Summary

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

Two people plant a tree and they are about the same size. One takes the profits and eats it. The other one continues to plant and the other one slows down. Which one are you going to be the one that lasts the longest?

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 I recently saw an animation that explains stamina and lasting a long time better than any other
00:00:05.360 animation that I've ever seen. It's two different people. They both plant a tree. They both have the
00:00:10.240 harvest. One continues, the other one slows down. Just take a look and see what happens here. Take
00:00:14.120 a look at this. So you got both. They're growing. They're about the same size right now, okay? One
00:00:19.740 takes the profits and eats it. The other one's like, I'm still going, I'm reinvesting. The other
00:00:24.020 says, what are you doing? Why are you still working? The other guy's like, I'm a big thinker.
00:00:27.200 Eventually, the other one's like, I'm hungry. Well, the other one says, I'll sell it to you
00:00:30.660 for $1,000. Why would you sell it to me for $1,000? All you care about is money. No, all
00:00:35.340 you cared about was kicking back while I was focused on long-term. While you slow down after
00:00:40.240 a year, I kept going for five years. While you slow down after two and a half years, I kept
00:00:43.840 going for 10 years. While you slow down for five years, I kept going for 20 years. You
00:00:47.540 cannot compare the two. This illustration explains the power of compound interest, explains why,
00:00:52.580 you know, how some teams win, fourth quarter, their stamina level in overtime, late in the
00:00:58.540 season, all the pain, all the drama, all the constant traveling, every aspect of a life.
00:01:06.000 This illustration explains what happens if you can last a long time. So the question you're
00:01:12.700 going to ask yourself is, which one of these two are you? You're the one that takes the profits
00:01:17.080 early, or you're the one that lasts a long time? If you're the one that takes the profits
00:01:20.720 that's early, you may want to continue because eventually you're going to be asking the other
00:01:23.700 guy for some help. If you're the person that's continuing, I salute you. You're a big thinker.
00:01:29.000 Your future looks bright. Either way, I made a video a couple years ago titled, How to Make
00:01:32.820 a Million Dollar Your Income, that gives you the formula that has to do similar to what this
00:01:37.860 illustration is. If you've never watched it before, click here to go watch that video.
00:01:42.540 With that being said, have a great week, everybody. Take care. Bye-bye.
00:01:50.720 Bye-bye.