Valuetainment - October 04, 2021


Why Successful People Are Aggressively Patient


Episode Stats


Length

6 minutes

Words per minute

215.11046

Word count

1,360

Sentence count

121

Harmful content

Misogyny

1

sentences flagged

Hate speech

1

sentences flagged


Summary

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

In order to see progress in your business, it takes more than just a few days. It takes a lot more than that. In this episode, Pat talks about the 7 timelines you need to have in order to make a change.

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 Don't you think about the most discouraging event that took place in your life?
00:00:02.620 It could be you were expecting to marry a girl or a guy, everything was going good, boom! 0.91
00:00:07.580 One day you get that text message saying, I don't think this is going to work yet.
00:00:10.940 And she breaks up with you, he breaks with you.
00:00:12.540 You're like, wait a minute, what are you talking about?
00:00:14.620 We just had a great date last week.
00:00:16.160 We just talked about life together 10, 20, 30 years from now.
00:00:19.100 Very confused.
00:00:20.240 Maybe you're working for a boss of yours and he tells you if you do XYZ, you hit these numbers,
00:00:24.600 you're going to get a promotion.
00:00:25.460 You hit all those numbers and it comes time for a promotion.
00:00:27.980 He gives a promotion to Johnny, not to you.
00:00:30.620 You're discouraged.
00:00:31.560 Maybe it's you got great ideas, but no one's listening to you.
00:00:34.580 Maybe you're sitting there saying, man, I've been financially in the same exact situation
00:00:37.880 for two, three years.
00:00:38.820 What the hell do I need to do?
00:00:40.460 It's discouraging, right?
00:00:41.820 I will tell you from personal experience, the most discouraging times were when you're putting
00:00:46.480 effort and you're not seeing progress or results.
00:00:49.840 This can psychologically mess with you to not believe that enough effort is going to produce
00:00:56.180 progress and for the rest of your life, you're just going to be like, well, even if I give
00:00:59.540 my best, nothing's going to happen.
00:01:00.760 Even if I love this person, nothing's going to happen.
00:01:02.780 Even if I give my best of your savings, nothing's going to happen.
00:01:05.240 So for this to work for my head, my brain, I had to come up with levels for me to understand
00:01:10.680 and manage expectation and the level of patience I need to have.
00:01:14.040 And I created seven timelines for myself.
00:01:16.040 Here's what the timelines are.
00:01:17.160 In order to see any glimpses of change, it takes about 21 days, right?
00:01:22.500 The second one is 90 days.
00:01:24.720 Anything that I did to my business, a new idea I implemented, I said, here's what we're going
00:01:28.660 to start doing every week on such and such day.
00:01:30.840 And I'm like, okay, first week, no results.
00:01:32.440 Second week, no results.
00:01:33.360 Third week, no results.
00:01:34.240 Fourth week, no results.
00:01:35.360 Fifth week, a little bit of results.
00:01:36.560 Sixth week, a little bit of results.
00:01:37.700 Seven week, a little bit of results.
00:01:38.920 It's not really working.
00:01:39.800 Let me drop it.
00:01:40.340 Uh-uh.
00:01:40.860 90 days.
00:01:41.480 That's only seven weeks.
00:01:42.640 Eight weeks.
00:01:43.300 Nine weeks.
00:01:43.840 10, 11, 12, 13th week.
00:01:45.580 Bam! 0.98
00:01:46.280 Oh, this works.
00:01:47.840 I'm glad I stuck with it for 90 days.
00:01:49.520 So, so far we have what?
00:01:50.740 21 days, 90 days.
00:01:53.340 Then it's 12 months.
00:01:54.540 Then it's 36 months.
00:01:56.080 Then it's 5 years, 10 years, 20 years.
00:01:58.000 Here's how you got to look at it.
00:01:58.940 So, again, 21, 90, 12 months, 3 years, 5 years, 10 years, 20 years.
00:02:03.020 The bigger the change you want to make, the longer it takes, okay?
00:02:07.300 So, if your change is a generational type of a change with a mindset and a way of thinking,
00:02:12.100 your family's been known as the poor, broke family,
00:02:14.740 you want to make a real massive change, it's probably going to take 10 to 20 years.
00:02:17.860 Maybe your generation's full of entitled complainers.
00:02:20.800 You're like, I'm sick and tired of me being linked to my generation of being complainers.
00:02:24.300 I want to do something about it.
00:02:25.760 Maybe you're going to be able to make a change, but maybe it's a 10 to 20 year type of a change.
00:02:29.540 But your body, you want to make some kind of a change?
00:02:31.860 Maybe 21 or 90 days.
00:02:33.600 So, so what happens now if you're saying, well, Pat, I want to make some major changes in my life.
00:02:37.320 I want to do something big.
00:02:38.500 Great.
00:02:39.080 Then that major change is going to require you longer term.
00:02:41.080 But here's the other part.
00:02:42.280 So, so far you've got the timeline to manage expectations so you don't get discouraged, right?
00:02:46.520 Now, here's the other part.
00:02:48.200 This doesn't mean 21 days later or 90 days later you're going to automatically see results.
00:02:54.660 No.
00:02:55.320 Your level of urgency and effort will dictate the level of changes you'll see.
00:03:02.040 So, urgency, effort, and patience.
00:03:04.660 21 days, some people will say, I'll be patient for 21 days, but I don't know about 90 days.
00:03:09.420 Well, that's your problem.
00:03:11.120 I'll be patient for 90 days.
00:03:12.600 I'll give this real estate thing a shot for 90 days, but I don't know about a year, Pat.
00:03:16.340 I don't think I'm going to do that.
00:03:17.280 Well, that's your problem.
00:03:18.640 Well, I'll give this thing a shot here.
00:03:20.540 I see things going with this company and I think it's going to work.
00:03:23.840 I'll give it one year, but I don't know about three years.
00:03:26.140 Well, then that's your problem.
00:03:27.400 Well, I'll give this thing three years, but, you know, three years, I swear if I don't get to this,
00:03:31.840 well, then it's my five years.
00:03:33.060 I'm not giving it five years.
00:03:34.000 Everything is about patience, urgency, effort.
00:03:38.320 One of those three is lacking.
00:03:40.500 If one of those three lacks, you're not going to see changes.
00:03:43.600 If you're not patient, you're definitely not going to witness the change.
00:03:47.900 So, I started investing money when I was in the Army.
00:03:50.880 One of my buddies is like, Pat, start putting aside $25 a week.
00:03:53.740 I said, what the hell is $25 a week?
00:03:55.440 He says, it's $25 a week.
00:03:56.700 Just start doing it.
00:03:57.240 I said, I'm not doing it.
00:03:58.300 So, he starts putting $25 a week.
00:04:00.680 Your goes by, two years goes by, three years, Army's done with.
00:04:02.980 He went from $25 a week to $50 a week to $75 a week to like $100 a week, right?
00:04:07.200 Three years later, he shows me his account.
00:04:08.840 He says, here's how much money I got.
00:04:10.300 He shows me his account.
00:04:10.940 He's got like $15,000, $18,000.
00:04:13.560 I said, you got $18,000?
00:04:14.680 You guys got to realize $18,000 is a lot of money at 21 years old.
00:04:17.860 He said, how much do you have in your account?
00:04:19.040 I said, dude, what are you talking about?
00:04:20.400 What?
00:04:21.240 The last two bottles of tequila, that's how much money I had.
00:04:23.840 That's my savings account, what I had.
00:04:25.660 I had nothing when I got out of the Army.
00:04:28.020 Literally zero.
00:04:29.160 Three years later, he had $15,000.
00:04:30.480 I said, listen, patience, effort, urgency equals results.
00:04:37.260 So in one of these areas, I wasn't patient.
00:04:40.380 All I thought about is $25 a week.
00:04:42.320 What the hell is $25 a week?
00:04:44.000 $25 a week increasing three years later is $15,000 to $18,000.
00:04:48.320 Guy buys a Mickey Mantle rookie card in 1998 for $104,000.
00:04:53.420 They said, this guy lost his mind.
00:04:54.920 He's the owner of the Arizona Diamondbacks.
00:04:56.620 He buys it for $104,000.
00:04:58.060 People said, you paid $104,000 for a Mickey Mantle PSA 10 rookie card?
00:05:02.720 Yes.
00:05:03.180 You know what that card is worth today?
00:05:04.860 $18 million.
00:05:05.980 He kept it for 23 years.
00:05:07.720 23 years, the card went from $100,000 to $18 million.
00:05:11.460 Patience.
00:05:12.220 He had the effort to have the money to buy it, and he put the effort into it.
00:05:15.840 Right?
00:05:16.000 So again, you either have a patient issue, you have an effort issue, or you have an urgency issue.
00:05:21.720 Your urgency issues, I'll do it tomorrow.
00:05:23.280 I'll do it next week.
00:05:23.900 I'll start next month.
00:05:24.860 That's not going to happen.
00:05:25.800 Then you don't have the formula in place.
00:05:26.960 You either don't put the real effort in, or you don't have the patient.
00:05:30.060 But if you've got all three, and you know the seven timelines, 21, 90, 1, 3, 5, 10, 20,
00:05:35.500 you're going to be all right long term.
00:05:36.820 So having said that, if you got value from this message here, give it a thumbs up and subscribe
00:05:40.060 to the channel.
00:05:40.720 If you've not seen the video, I've got a video I want to recommend to you.
00:05:43.580 It's 12 Mistakes I Made My First Year As An Entrepreneur.
00:05:46.080 If you've never seen that before, click over here to watch it.
00:05:48.480 Take care, everybody.
00:05:49.120 Bye-bye.
00:05:49.360 Bye-bye.