Been working a lot on this the last week. Really shocking to me to realise just how bad I was before even this beginning stage. Holy hell.
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Thank You, I took a note of every person you named , and I'm going to study their workThis is an important topic that I see, but I don't see often enough.
I know I haven't been on the forum much lately, but I feel I need to post this. This was life changing for me and can be life changing for you.
Most of you may know me as The Paint Brush Cover guy that was on Shark Tank. I started posting in this forum over a decade ago when I started with an idea then documented step by step almost daily. It held me accountable while motivating myself, motivating others and also getting some great feedback and ideas from members.
Most of you also may know that I sold my share for almost nothing just to get out of a failing business due to a few factors such as a bad partner, inexperience and, most importantly, a scarcity mindset.
All was not lost though. Everyone fails. Some big. Some small. You learn through failing.
In this case, I failed my way to success and this failure specifically led me to the path of a total mindset change.
The most important thing is that I didn't give up. I knew I would one day become successful. I just needed to figure out how and thankfully I became very close with a fellow gym member (who is now one of my closest friends) and completely changed my mindset about money. This was the key to changing everything.
This mindset switch, made me much better at sales, better at marketing, better at advertising, better at networking, better managing. It changed everything.
And it all started with annoying friend, who is now one of my closest friends.
Before I met Gil, almost my entire network was made up of blood sucking mindset leaches. You can't do this, you can't do that, you can't make that much money, money is bad, just put a big chunk in your 401k and you'll be set, you'll have a pension when you retire, blah, blah, blah, blah blah.
I was getting sick of hearing it and new I needed to level up. That's around the time I started following Craig Ballantyne who always says "Your Network is Your Net Worth".
I understood what he meant at the time but not fully. Now, I completely get it.
I started to say to myself "I need to ditch these leaches and move up to the next level".
When I met Gil, he was a high end watch dealer. Very successful. Amazing at sales. the guy could literally sell anything. He was so good, that he became Alex Hormozi's "Sales Guru" for Gym Launch in the early days when we had partnered and opened several gyms together.
His thoughts about money were completely opposite mine. $30k a month was a bad month for him. At the time, I was dreaming of a $10k month and thought that would be life changing. If only I could get from $5k per month to $10k per month, I would have it made. I wouldn't need anything else.
At that time, I also had this insanely negative perception of sales. Like it was a bad thing.
I also didn't think I would ever have what it takes to make a million dollars. I would constantly have negative self talk in my head.
This was preventing me from succeeding. This was the only thing preventing me from succeeding.
I was spending a lot of time with Gil when we met. Doing CrossFit, running races, doing extreme stuff like skydiving and hang gliding. Even though we were on different levels financially, we got along pretty good.
Except, we would argue all the time about money and thoughts on money.
He called out my scarcity mindset right away. And at the time, I didn't realize how bad it was. He did. And now that I look back, I'm blown away by how bad it was.
He was set on changing that and eventually he succeeded.
He kept on drilling my on abundance mindset.
Misconception - There's never enough money.
Abundance Mindset - Money is a renewable resource. With the right strategies, mindset, and actions, I can always earn more.
Misconception - Others' success takes away from my own potential success.
Abundance Mindset - There's enough success for everyone. Another's success can serve as inspiration and does not diminish my opportunities.
Misconception - I have to hold onto every penny, or I'll run out.
Abundance Mindset - Smart investments and spending can lead to growth. I can allocate resources in ways that lead to further abundance. The way I think now is instead of saving more money, I make more money.
Misconception - Money is the root of all evil.
Abundance Mindset - Money is a tool. It's neither good nor evil in itself but can be used for positive or negative purposes depending on one's choices. There are many really good things you can do with money from as little to making a waiter happier with a bigger tip to making huge donations to your favorite charities.
Misconception - I don't deserve wealth or abundance. This one really got me.
Abundance Mindset - Everyone deserves abundance and prosperity. By aligning my mindset, skills, and actions, I can achieve financial success.
Misconception - Financial success is purely based on luck.
Abundance Mindset - While some elements of luck can be involved, hard work, strategy, and a positive attitude play significant roles in achieving financial success. One of my favorite sayings is "You create your own luck".
Misconception - It's selfish to desire more money. At first, i was embarrassed to be wealthier than all of my friends. You can bet that changed.
Abundance Mindset -Wanting more resources can lead to greater opportunities not just for oneself, but to help others and contribute to larger causes. If I have more money I can help more people.
Misconception - Money will solve all my problems.
Abundance Mindset - Money is a tool to help address challenges and facilitate experiences, but it's not the only solution. Inner happiness, relationships, and purpose play critical roles in a fulfilled life.
Misconception - People with money are greedy.
Abundance Mindset - Wealthy individuals can be just as diverse in character as any other group. Money amplifies who you already are; it doesn't inherently make someone greedy. Gil always said that more money just brings out your true character.
Misconception - There's a fixed pie of resources, and if someone gets more, others will get less.
Abundance Mindset - The world is abundant, and opportunities and resources can expand. Innovation, collaboration, and creativity can grow the pie for everyone.
Misconception - Selling is bad. All salesmen are snakes.
Abundance Mindset - selling is a really good thing. You're giving the person what they need or desire. Ex: weight loss, healthier lifestyle, I nice watch to help improve their status or improve the perception of their status.
Shifting from a scarcity to an abundance mindset doesn't mean being unrealistic or ignoring challenges. It's about focusing on possibilities, being proactive, and recognizing that with effort and the right strategies, growth and prosperity are achievable.
One day, it just clicked. I finally said "Gil. You're right".
I'm go to do anything i can to started thinking with an abundance mindset. I picked Gil's brain more. Didn't argue with him. I read books. Watched videos. I hired a mentor. Meditated.
Ian Stanley's money meditations really helped a lot.
More and more my mindset changed. More and more I got better at everything I did. More and more money flowed to me.
Fast forward to today, I own a branch of a private equity firm, helped 1000's of business owners with covid tax relief, have 10+ sales reps working for me, over 20+ affiliates under me and have made in the multiple 7 figures over the past 3 years.
I am now in the process of building something BIG.
Within the next year, I plan on having 20-30 sales reps and hundreds, if not thousands, of successful affiliates working under me.
With my new abundance mindset, the skys are the limit. I dream big and have been surpassing my lofty goals.
I recently set the biggest goal of my life to make 8 figures+ and plan on hitting that goal within 2 years.
I credit this to one single thing. One simple thing.
A Mindset change. That's all.
And It's not that difficult to do.
Start hanging out with people better than you. Find someone that makes more money than you. Become friends with them. Notice how differently they think about money.
Find a mentor like Craig Ballantyne, or Bedros Keullien.
Start listening to podcasts. Bedros is great. Alex Hormozi, Brad Lea, Ed Mylett. There are so many.
Listen to the Ian Stanley money meditations on Youtube.
Instead of saving money. Think of ways you can make more money, solve more problems, help more people.
Like I said earlier, I thought $10k a month would be life changing. That when I would be like "I really made it". Then I had a $10k month with my gyms. Then a $15k month. Then I thought "If only I can make $20k" blah blah. Then I had a $30k month. Then a $50k month. Them I made $40k in one day. Then $100k. Then $150k. It kept going.
This past summer I had a $250k+ month. Now, If I make under $100k in a month, my mind starts thinking wtf I did wrong. I didn't help enough people. I got lazy. etc.
My thought process completely changed and now the sky is the limit.
I think this is very important for young entrepreneurs to hear because I don't hear it enough and it can very well be the one thing missing to get you to the top like it was for me.
Thanks for sharing part of your journey. Mindset is everything. You can have the best ideas and the skills to bring them to life but if you aren't motivated or driven enough to actually do things, you will go nowhere. We all have ups and down, cycles of a great mindset and cycles of a poor mindset. It is inevitable, its the duality of being. The difference is how long you choose to stay in each cycle. This is food for those in a down cycle, thanks for sharing!!This is an important topic that I see, but I don't see often enough.
I know I haven't been on the forum much lately, but I feel I need to post this. This was life changing for me and can be life changing for you.
Most of you may know me as The Paint Brush Cover guy that was on Shark Tank. I started posting in this forum over a decade ago when I started with an idea then documented step by step almost daily. It held me accountable while motivating myself, motivating others and also getting some great feedback and ideas from members.
Most of you also may know that I sold my share for almost nothing just to get out of a failing business due to a few factors such as a bad partner, inexperience and, most importantly, a scarcity mindset.
All was not lost though. Everyone fails. Some big. Some small. You learn through failing.
In this case, I failed my way to success and this failure specifically led me to the path of a total mindset change.
The most important thing is that I didn't give up. I knew I would one day become successful. I just needed to figure out how and thankfully I became very close with a fellow gym member (who is now one of my closest friends) and completely changed my mindset about money. This was the key to changing everything.
This mindset switch, made me much better at sales, better at marketing, better at advertising, better at networking, better managing. It changed everything.
And it all started with annoying friend, who is now one of my closest friends.
Before I met Gil, almost my entire network was made up of blood sucking mindset leaches. You can't do this, you can't do that, you can't make that much money, money is bad, just put a big chunk in your 401k and you'll be set, you'll have a pension when you retire, blah, blah, blah, blah blah.
I was getting sick of hearing it and new I needed to level up. That's around the time I started following Craig Ballantyne who always says "Your Network is Your Net Worth".
I understood what he meant at the time but not fully. Now, I completely get it.
I started to say to myself "I need to ditch these leaches and move up to the next level".
When I met Gil, he was a high end watch dealer. Very successful. Amazing at sales. the guy could literally sell anything. He was so good, that he became Alex Hormozi's "Sales Guru" for Gym Launch in the early days when we had partnered and opened several gyms together.
His thoughts about money were completely opposite mine. $30k a month was a bad month for him. At the time, I was dreaming of a $10k month and thought that would be life changing. If only I could get from $5k per month to $10k per month, I would have it made. I wouldn't need anything else.
At that time, I also had this insanely negative perception of sales. Like it was a bad thing.
I also didn't think I would ever have what it takes to make a million dollars. I would constantly have negative self talk in my head.
This was preventing me from succeeding. This was the only thing preventing me from succeeding.
I was spending a lot of time with Gil when we met. Doing CrossFit, running races, doing extreme stuff like skydiving and hang gliding. Even though we were on different levels financially, we got along pretty good.
Except, we would argue all the time about money and thoughts on money.
He called out my scarcity mindset right away. And at the time, I didn't realize how bad it was. He did. And now that I look back, I'm blown away by how bad it was.
He was set on changing that and eventually he succeeded.
He kept on drilling my on abundance mindset.
Misconception - There's never enough money.
Abundance Mindset - Money is a renewable resource. With the right strategies, mindset, and actions, I can always earn more.
Misconception - Others' success takes away from my own potential success.
Abundance Mindset - There's enough success for everyone. Another's success can serve as inspiration and does not diminish my opportunities.
Misconception - I have to hold onto every penny, or I'll run out.
Abundance Mindset - Smart investments and spending can lead to growth. I can allocate resources in ways that lead to further abundance. The way I think now is instead of saving more money, I make more money.
Misconception - Money is the root of all evil.
Abundance Mindset - Money is a tool. It's neither good nor evil in itself but can be used for positive or negative purposes depending on one's choices. There are many really good things you can do with money from as little to making a waiter happier with a bigger tip to making huge donations to your favorite charities.
Misconception - I don't deserve wealth or abundance. This one really got me.
Abundance Mindset - Everyone deserves abundance and prosperity. By aligning my mindset, skills, and actions, I can achieve financial success.
Misconception - Financial success is purely based on luck.
Abundance Mindset - While some elements of luck can be involved, hard work, strategy, and a positive attitude play significant roles in achieving financial success. One of my favorite sayings is "You create your own luck".
Misconception - It's selfish to desire more money. At first, i was embarrassed to be wealthier than all of my friends. You can bet that changed.
Abundance Mindset -Wanting more resources can lead to greater opportunities not just for oneself, but to help others and contribute to larger causes. If I have more money I can help more people.
Misconception - Money will solve all my problems.
Abundance Mindset - Money is a tool to help address challenges and facilitate experiences, but it's not the only solution. Inner happiness, relationships, and purpose play critical roles in a fulfilled life.
Misconception - People with money are greedy.
Abundance Mindset - Wealthy individuals can be just as diverse in character as any other group. Money amplifies who you already are; it doesn't inherently make someone greedy. Gil always said that more money just brings out your true character.
Misconception - There's a fixed pie of resources, and if someone gets more, others will get less.
Abundance Mindset - The world is abundant, and opportunities and resources can expand. Innovation, collaboration, and creativity can grow the pie for everyone.
Misconception - Selling is bad. All salesmen are snakes.
Abundance Mindset - selling is a really good thing. You're giving the person what they need or desire. Ex: weight loss, healthier lifestyle, I nice watch to help improve their status or improve the perception of their status.
Shifting from a scarcity to an abundance mindset doesn't mean being unrealistic or ignoring challenges. It's about focusing on possibilities, being proactive, and recognizing that with effort and the right strategies, growth and prosperity are achievable.
One day, it just clicked. I finally said "Gil. You're right".
I'm go to do anything i can to started thinking with an abundance mindset. I picked Gil's brain more. Didn't argue with him. I read books. Watched videos. I hired a mentor. Meditated.
Ian Stanley's money meditations really helped a lot.
More and more my mindset changed. More and more I got better at everything I did. More and more money flowed to me.
Fast forward to today, I own a branch of a private equity firm, helped 1000's of business owners with covid tax relief, have 10+ sales reps working for me, over 20+ affiliates under me and have made in the multiple 7 figures over the past 3 years.
I am now in the process of building something BIG.
Within the next year, I plan on having 20-30 sales reps and hundreds, if not thousands, of successful affiliates working under me.
With my new abundance mindset, the skys are the limit. I dream big and have been surpassing my lofty goals.
I recently set the biggest goal of my life to make 8 figures+ and plan on hitting that goal within 2 years.
I credit this to one single thing. One simple thing.
A Mindset change. That's all.
And It's not that difficult to do.
Start hanging out with people better than you. Find someone that makes more money than you. Become friends with them. Notice how differently they think about money.
Find a mentor like Craig Ballantyne, or Bedros Keullien.
Start listening to podcasts. Bedros is great. Alex Hormozi, Brad Lea, Ed Mylett. There are so many.
Listen to the Ian Stanley money meditations on Youtube.
Instead of saving money. Think of ways you can make more money, solve more problems, help more people.
Like I said earlier, I thought $10k a month would be life changing. That when I would be like "I really made it". Then I had a $10k month with my gyms. Then a $15k month. Then I thought "If only I can make $20k" blah blah. Then I had a $30k month. Then a $50k month. Them I made $40k in one day. Then $100k. Then $150k. It kept going.
This past summer I had a $250k+ month. Now, If I make under $100k in a month, my mind starts thinking wtf I did wrong. I didn't help enough people. I got lazy. etc.
My thought process completely changed and now the sky is the limit.
I think this is very important for young entrepreneurs to hear because I don't hear it enough and it can very well be the one thing missing to get you to the top like it was for me.
Yes because it’s literally the opposite of the title of this thread. In your mind there are not enough homes or money for everyone.
So the person bought it and improved it and resold it. What’s wrong with that?
The home is the same. It’s still a house. I don’t understand your point here. I have no idea if the person that paid $1.4m is living there or not.
Are you saying the home should have stayed at $900k? Is the person that bought and flipped at $1.4m the bad guy? Or is it the person that paid $1.4m?
FYI, there’s no way the person that paid $1.4m is making a good ROI on the home. That home would prob rent for $7000/mo.
That surprises me to hear you say that. I have a few gold and notable posts, so it's weird why you'd say that.I knew that before I even read your post, based on your body of commentary posted here over the years.
I didn't dismiss it, I read it and formed an opinion. I have opinions and I'm not scared to voice them, if that upsets people, oh well.In short, his post was meant for you. But you immediately dismissed it, as expected.
Not true, I just have an opinion on the housing market.You're committed to being a victim, to not changing anything in your headspace, while...
I think it is just mainly wages getting stagnant in real terms, and the cost of construction getting shoot up during the pandemic.Like I said, unpopular opinion, but I'm not afraid of voicing unpopular opinions. I stand by what I said, in roughly 30 years of being an adult, I have seen house prices rocket at roughly the same rate as homelessness.
Did you see that viral video of that Canadian woman going round? She is on a decent six-figure salary and can't afford to live in her city any more.
So my point is people need places to live and if prices keep rocketing way past what people can afford, the amount people have to earn just to live somewhere half-decent becomes astronomical. For example, in the UK where I live, in 1969, three years before I was born, the average house price was £4000 and the average wage was £1600, about 2.5 times earnings. This means you could save half your pay packet for four years and buy a house for cash. Or as most people did in those days, save for two years and then get a mortgage.
Now the average house price is £280,000 and the average wage is £33,000, eight times earnings and the average rent is about one-third earnings. So your chance of buying a house on average earnings is now no longer possible.
If I had a magic button, the two areas off limits for capitalistic runaway profits, would be the housing and medical industries. Some things are more (or at least should be) important than profit.
Like I said, unpopular opinion
Not true, I just have an opinion on the housing market.
What is sad is that your views will shape your daughter’s thoughts. You just don’t realize what you’re doing.unless my 12-year-old grows up to be a deca-millionaire, or I manage to buy a house and leave it to her, there is zero chance she'll be able to afford a house.
Unpopular opinion incoming...
Whilst it's great for profit, what you described is the cancer that is killing the Western world, unless my 12-year-old grows up to be a deca-millionaire, or I manage to buy a house and leave it to her, there is zero chance she'll be able to afford a house.
There are entire neighbourhoods in London owned by French bankers and Russian oligarchs, none of the houses are occupied and are constantly up for sale, whereby new owners do exactly what you describe above.
It's the most detrimental element of capitalism, homes disappear and in their place property springs up, The difference being one is for living in and the other an investment vehicle.
I don't usually agree with Chinese social policies, but the one I think they've got right, is the restriction they put on second homeowners, you can't charge more than 10% of your mortgage in rent, therefore people don't buy to rent, which keeps the property prices down and normal people can afford to live in places bigger than a shoebox.
there is zero chance she'll be able to afford a house.
I don't usually agree with Chinese social policies, but the one I think they've got right, is the restriction they put on second homeowners, you can't charge more than 10% of your mortgage in rent, therefore people don't buy to rent, which keeps the property prices down and normal people can afford to live in places bigger than a shoebox.
Why can’t you be the one to take care of that burden for your daughter?
there is zero chance she'll be able to afford a house.
What is sad is that your views will shape your daughter’s thoughts. You just don’t realize what you’re doing.
So so true.What is sad is that your views will shape your daughter’s thoughts. You just don’t realize what you’re doing.
Valid, I mean like what if she really can’t?Why would he deprive his daughter of the motivation to do it herself? The joy of having accomplished it on her own?
It sounds nice to just hand things to your children, until you end up with spoiled children who expect you to always hand things to them.
So so true.
As a kid I always wanted to be a professional football player. I worked hard and scouts told me I had the potential.
My parents on the other hand told me everyday that the chance would be closer to 0. Only one in a million make it bla bla.. go to school, get a job bla bla..
I never really went for it. I believed their opinions and it became my reality. Only big regret I have in my life.
Unpopular opinion incoming...
Whilst it's great for profit, what you described is the cancer that is killing the Western world, unless my 12-year-old grows up to be a deca-millionaire, or I manage to buy a house and leave it to her, there is zero chance she'll be able to afford a house.
There are entire neighbourhoods in London owned by French bankers and Russian oligarchs, none of the houses are occupied and are constantly up for sale, whereby new owners do exactly what you describe above.
It's the most detrimental element of capitalism, homes disappear and in their place property springs up, The difference being one is for living in and the other an investment vehicle.
I don't usually agree with Chinese social policies, but the one I think they've got right, is the restriction they put on second homeowners, you can't charge more than 10% of your mortgage in rent, therefore people don't buy to rent, which keeps the property prices down and normal people can afford to live in places bigger than a shoebox.
Valid, I mean like what if she really can’t?
If she burnt out trying to or lost motivation, you can give her a little boost.
What are you going to do if your daughter needs help but can’t get help since you didn’t really think ahead.
What I would do is
I would let my daughter try and try again, if it messes with her mental or physical health, I’ll give her a little boost.
Just my opinion and it might be a bit off since I’m still really young, but that’s what I would do.
So take my opinion with a grain of salt.
By opinion I meant my very valuable insights on this very elegant subject, oui oui3. Some of your contributions on the forum are incredible, especially for a 13 yr old, but really for anyone. And some really sound like a 13 year old. I'm asking you to consider which ones are which and tone down the "I'm just a 13 year old sharing my opinions". Sharing opinions is what's done on social media. Sharing value is what we do here.
But hey, I'm just a forum member, so maybe you don't need to listen to me either. Lol.
This is an important topic that I see, but I don't see often enough.
I know I haven't been on the forum much lately, but I feel I need to post this. This was life changing for me and can be life changing for you.
Most of you may know me as The Paint Brush Cover guy that was on Shark Tank. I started posting in this forum over a decade ago when I started with an idea then documented step by step almost daily. It held me accountable while motivating myself, motivating others and also getting some great feedback and ideas from members.
Most of you also may know that I sold my share for almost nothing just to get out of a failing business due to a few factors such as a bad partner, inexperience and, most importantly, a scarcity mindset.
All was not lost though. Everyone fails. Some big. Some small. You learn through failing.
In this case, I failed my way to success and this failure specifically led me to the path of a total mindset change.
The most important thing is that I didn't give up. I knew I would one day become successful. I just needed to figure out how and thankfully I became very close with a fellow gym member (who is now one of my closest friends) and completely changed my mindset about money. This was the key to changing everything.
This mindset switch, made me much better at sales, better at marketing, better at advertising, better at networking, better managing. It changed everything.
And it all started with annoying friend, who is now one of my closest friends.
Before I met Gil, almost my entire network was made up of blood sucking mindset leaches. You can't do this, you can't do that, you can't make that much money, money is bad, just put a big chunk in your 401k and you'll be set, you'll have a pension when you retire, blah, blah, blah, blah blah.
I was getting sick of hearing it and new I needed to level up. That's around the time I started following Craig Ballantyne who always says "Your Network is Your Net Worth".
I understood what he meant at the time but not fully. Now, I completely get it.
I started to say to myself "I need to ditch these leaches and move up to the next level".
When I met Gil, he was a high end watch dealer. Very successful. Amazing at sales. the guy could literally sell anything. He was so good, that he became Alex Hormozi's "Sales Guru" for Gym Launch in the early days when we had partnered and opened several gyms together.
His thoughts about money were completely opposite mine. $30k a month was a bad month for him. At the time, I was dreaming of a $10k month and thought that would be life changing. If only I could get from $5k per month to $10k per month, I would have it made. I wouldn't need anything else.
At that time, I also had this insanely negative perception of sales. Like it was a bad thing.
I also didn't think I would ever have what it takes to make a million dollars. I would constantly have negative self talk in my head.
This was preventing me from succeeding. This was the only thing preventing me from succeeding.
I was spending a lot of time with Gil when we met. Doing CrossFit, running races, doing extreme stuff like skydiving and hang gliding. Even though we were on different levels financially, we got along pretty good.
Except, we would argue all the time about money and thoughts on money.
He called out my scarcity mindset right away. And at the time, I didn't realize how bad it was. He did. And now that I look back, I'm blown away by how bad it was.
He was set on changing that and eventually he succeeded.
He kept on drilling my on abundance mindset.
Misconception - There's never enough money.
Abundance Mindset - Money is a renewable resource. With the right strategies, mindset, and actions, I can always earn more.
Misconception - Others' success takes away from my own potential success.
Abundance Mindset - There's enough success for everyone. Another's success can serve as inspiration and does not diminish my opportunities.
Misconception - I have to hold onto every penny, or I'll run out.
Abundance Mindset - Smart investments and spending can lead to growth. I can allocate resources in ways that lead to further abundance. The way I think now is instead of saving more money, I make more money.
Misconception - Money is the root of all evil.
Abundance Mindset - Money is a tool. It's neither good nor evil in itself but can be used for positive or negative purposes depending on one's choices. There are many really good things you can do with money from as little to making a waiter happier with a bigger tip to making huge donations to your favorite charities.
Misconception - I don't deserve wealth or abundance. This one really got me.
Abundance Mindset - Everyone deserves abundance and prosperity. By aligning my mindset, skills, and actions, I can achieve financial success.
Misconception - Financial success is purely based on luck.
Abundance Mindset - While some elements of luck can be involved, hard work, strategy, and a positive attitude play significant roles in achieving financial success. One of my favorite sayings is "You create your own luck".
Misconception - It's selfish to desire more money. At first, i was embarrassed to be wealthier than all of my friends. You can bet that changed.
Abundance Mindset -Wanting more resources can lead to greater opportunities not just for oneself, but to help others and contribute to larger causes. If I have more money I can help more people.
Misconception - Money will solve all my problems.
Abundance Mindset - Money is a tool to help address challenges and facilitate experiences, but it's not the only solution. Inner happiness, relationships, and purpose play critical roles in a fulfilled life.
Misconception - People with money are greedy.
Abundance Mindset - Wealthy individuals can be just as diverse in character as any other group. Money amplifies who you already are; it doesn't inherently make someone greedy. Gil always said that more money just brings out your true character.
Misconception - There's a fixed pie of resources, and if someone gets more, others will get less.
Abundance Mindset - The world is abundant, and opportunities and resources can expand. Innovation, collaboration, and creativity can grow the pie for everyone.
Misconception - Selling is bad. All salesmen are snakes.
Abundance Mindset - selling is a really good thing. You're giving the person what they need or desire. Ex: weight loss, healthier lifestyle, I nice watch to help improve their status or improve the perception of their status.
Shifting from a scarcity to an abundance mindset doesn't mean being unrealistic or ignoring challenges. It's about focusing on possibilities, being proactive, and recognizing that with effort and the right strategies, growth and prosperity are achievable.
One day, it just clicked. I finally said "Gil. You're right".
I'm go to do anything i can to started thinking with an abundance mindset. I picked Gil's brain more. Didn't argue with him. I read books. Watched videos. I hired a mentor. Meditated.
Ian Stanley's money meditations really helped a lot.
More and more my mindset changed. More and more I got better at everything I did. More and more money flowed to me.
Fast forward to today, I own a branch of a private equity firm, helped 1000's of business owners with covid tax relief, have 10+ sales reps working for me, over 20+ affiliates under me and have made in the multiple 7 figures over the past 3 years.
I am now in the process of building something BIG.
Within the next year, I plan on having 20-30 sales reps and hundreds, if not thousands, of successful affiliates working under me.
With my new abundance mindset, the skys are the limit. I dream big and have been surpassing my lofty goals.
I recently set the biggest goal of my life to make 8 figures+ and plan on hitting that goal within 2 years.
I credit this to one single thing. One simple thing.
A Mindset change. That's all.
And It's not that difficult to do.
Start hanging out with people better than you. Find someone that makes more money than you. Become friends with them. Notice how differently they think about money.
Find a mentor like Craig Ballantyne, or Bedros Keullien.
Start listening to podcasts. Bedros is great. Alex Hormozi, Brad Lea, Ed Mylett. There are so many.
Listen to the Ian Stanley money meditations on Youtube.
Instead of saving money. Think of ways you can make more money, solve more problems, help more people.
Like I said earlier, I thought $10k a month would be life changing. That when I would be like "I really made it". Then I had a $10k month with my gyms. Then a $15k month. Then I thought "If only I can make $20k" blah blah. Then I had a $30k month. Then a $50k month. Them I made $40k in one day. Then $100k. Then $150k. It kept going.
This past summer I had a $250k+ month. Now, If I make under $100k in a month, my mind starts thinking wtf I did wrong. I didn't help enough people. I got lazy. etc.
My thought process completely changed and now the sky is the limit.
I think this is very important for young entrepreneurs to hear because I don't hear it enough and it can very well be the one thing missing to get you to the top like it was for me.
I like how this all comes from the real cancer in western society: Entitlement.Like I said, unpopular opinion, but I'm not afraid of voicing unpopular opinions. I stand by what I said, in roughly 30 years of being an adult, I have seen house prices rocket at roughly the same rate as homelessness.
Did you see that viral video of that Canadian woman going round? She is on a decent six-figure salary and can't afford to live in her city any more.
So my point is people need places to live and if prices keep rocketing way past what people can afford, the amount people have to earn just to live somewhere half-decent becomes astronomical. For example, in the UK where I live, in 1969, three years before I was born, the average house price was £4000 and the average wage was £1600, about 2.5 times earnings. This means you could save half your pay packet for four years and buy a house for cash. Or as most people did in those days, save for two years and then get a mortgage.
Now the average house price is £280,000 and the average wage is £33,000, eight times earnings and the average rent is about one-third earnings. So your chance of buying a house on average earnings is now no longer possible.
If I had a magic button, the two areas off limits for capitalistic runaway profits, would be the housing and medical industries. Some things are more (or at least should be) important than profit.
This in particular has helped me. I went way too far into penny pinching mode during my first year of operating and not enough time spent on focussing more on growth.Misconception - I have to hold onto every penny, or I'll run out.
Abundance Mindset - Smart investments and spending can lead to growth. I can allocate resources in ways that lead to further abundance. The way I think now is instead of saving more money, I make more money.
I’m all for everyone getting a roof over their head. People always complain about prices in a certain area, like they are entitled to live in that neighborhood or town.The fallacy of this comment is that someone inherently "deserves" housing or healthcare just because they are a living human.
The fallacy of this comment is that someone inherently "deserves" housing or healthcare just because they are a living human.
The reality is that nobody deserves anything.
I live in Germany
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life...
You can choose to see this as a fallacy, but my country's founding document calls your "fallacy" a self-evident truth.
The rest of your comment was a slippery slope argument at best.
How is this reality? What kind of nihilistic nonsense is this?
As just one example, nobody deserves respect? Ever? That's your reality?
Oh. Right. How could I forget. Well, that explains it then. Lol.
Interesting interacting with people from all walks of life in here...
I’m all for everyone getting a roof over their head. People always complain about prices in a certain area, like they are entitled to live in that neighborhood or town.
But you don’t get to live on the beach just because you can’t afford it.
There are many $40k houses all over America.
There’s no rule that says you deserve to live within 30 minutes or even 1 hour of your job.
Right now I'm absolutely skint, after losing my job while recovering from a stroke, my stockbroker screwing up big-time at the start of the pandemic, and the recent collapse of the stock market and my pension.ABUNDANCE: Right now housing is expensive and I can't afford a house, but someday I will because money is abundant and I know if I deliver enough value to my fellow humans, one day I will be able to buy whatever I want.
If a law grants someone a right, then that's a promise. Whoever made that promise is responsible for keeping it.We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life...
You can choose to see this as a fallacy, but my country's founding document calls your "fallacy" a self-evident truth.
The rest of your comment was a slippery slope argument at best.
How is this reality? What kind of nihilistic nonsense is this?
As just one example, nobody deserves respect? Ever? That's your reality?
Oh. Right. How could I forget. Well, that explains it then. Lol.
Interesting interacting with people from all walks of life in here...
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