Asking Miami Moguls How They Got Rich!

School of Hard Knocks
7 Sept 202419:25

Summary

TLDRIn this video, the host interviews several self-made millionaires and billionaires in Miami, exploring the secrets behind their financial success. From the owner of a high-end steakhouse to a recovery advocate who sold a treatment center for $15 million, each shares their journey, emphasizing the importance of hard work, strategic investments, and surrounding oneself with success-oriented individuals. The video offers valuable insights into building wealth, with advice ranging from investing in real estate to leveraging systems for business growth.

Takeaways

  • 🚗 A successful entrepreneur in Miami owns a Rolls-Royce and has a history of significant business revenue, exceeding $100 million in 2021.
  • 🍽️ The owner of a prominent restaurant, Poppy Steak, attributes his business success to providing excellent service, hospitality, and having a great team.
  • 💼 Building winning relationships in business involves honesty, loyalty, and continuous financial success.
  • 💰 To achieve financial freedom, one entrepreneur emphasizes the importance of always working hard and striving for more, with no such thing as a 'bad month' in business.
  • 🔑 A key to sales success is understanding human nature and leveraging psychology, as suggested by a self-made millionaire.
  • 🏋️‍♂️ Persistence and self-belief are crucial for entrepreneurship, as highlighted by a gym equipment seller who overcame financial struggles to achieve success.
  • 🏢 Scaling a business requires risk-taking and preparation, as well as a systematic approach to operations, according to a serial entrepreneur.
  • 💹 Financial advice from a mentor includes not reinvesting all earnings but also diversifying investments, such as in real estate and S&P ETFs.
  • 🏘️ Section 8 real estate is recommended as an accessible and lucrative investment opportunity for the average American, offering higher cash on returns.
  • ⛵️ A recovered addict turned entrepreneur stresses the importance of avoiding vices and surrounding oneself with successful individuals to achieve financial success.

Q & A

  • What is the name of the restaurant owned by the interviewee in Miami?

    -The name of the restaurant is Poppy Steak.

  • What was the biggest year in terms of revenue for the restaurant owner?

    -The biggest year in terms of revenue for the restaurant owner was 2021.

  • What product did the interviewee introduce that significantly increased his annual revenue?

    -The interviewee introduced Jewel cigarettes to the market, which helped him achieve an annual revenue of 150 million dollars.

  • What is the key to leveraging psychology in sales according to the interviewee?

    -The key to leveraging psychology in sales, according to the interviewee, is understanding human nature and not pushing people.

  • What is the single most important skill for business success according to the interviewee named Johnny?

    -According to Johnny, the single most important skill for business success is waking up and being proactive.

  • How did the interviewee manage to avoid bad months in business after introducing a new product?

    -The interviewee managed to avoid bad months in business by introducing Jewel cigarettes to the market, which led to consistent annual revenues.

  • What is the advice given by the interviewee for someone looking to become financially free?

    -The advice given by the interviewee for becoming financially free is to understand human nature, leverage psychology in sales, and to be persistent and self-reliant.

  • What is the significance of the Porsche Design Tower mentioned in the script?

    -The Porsche Design Tower is significant because it is one of the top five wealthiest buildings in the world, with over 20 billionaires residing there, and it's where one of the interviews took place.

  • What is the business model that the interviewee Anthony suggests for success in sales?

    -Anthony suggests having a systematic approach to business, similar to McDonald's, where the system is so effective that it can be run by anyone, ensuring consistent success.

  • What financial advice does Eric Spafford give for achieving financial freedom?

    -Eric Spafford advises investing in Section 8 real estate, which offers higher than average cash on returns and requires less initial capital, making it accessible for the average American to become a real estate investor.

  • What is the importance of avoiding vices and surrounding oneself with successful people according to Eric Spafford?

    -According to Eric Spafford, avoiding vices and surrounding oneself with successful people is crucial for achieving success because it influences one's mindset and provides a conducive environment for personal and financial growth.

Outlines

00:00

💼 Interview with a Miami Entrepreneur

The video segment features an interview with a wealthy individual in Miami who owns a high-end restaurant called Poppy Steak. The entrepreneur shares his journey from launching a product called 'Jewel cigarettes' to generating over $150 million in annual revenue. He emphasizes the importance of understanding human nature and leveraging psychology in sales. The interviewee also discusses the significance of delegation and building a strong team, and gives advice on how to become financially free, highlighting the importance of taking calculated risks and learning from mistakes.

05:03

🚗 Insights from a Luxury Car Owner

This part of the video script captures a conversation with a successful business owner in Miami who owns a Rolls-Royce. The individual discusses his venture into the restaurant industry, specifically his steakhouse, which he claims is the best in the world. He talks about the significant revenue generated during the COVID-19 pandemic and attributes his success to excellent service and a dedicated team. The entrepreneur also shares his views on networking and building strong relationships, which he believes are crucial for business growth. He concludes with advice for aspiring millionaires, stressing the importance of hard work and staying true to one's brand.

10:04

🏢 Lessons from a Seasoned Businessman

The script presents an interview with a businessman who has been an entrepreneur for 18 years. He shares the greatest lesson he's learned about entrepreneurship, which is the importance of self-belief. The interviewee recounts his humble beginnings and the challenges he faced, including financial struggles and the determination to succeed despite the odds. He discusses common mistakes made by business owners, such as poor financial planning and overextending before even opening their businesses. The businessman also emphasizes the importance of hard work and dedication as key ingredients for success.

15:05

🚤 Financial Wisdom from a Multi-Millionaire

In this segment, the host interviews Eric Spafford, a multi-millionaire entrepreneur, on his yacht. Eric shares his remarkable journey from overcoming addiction to building a successful business in the addiction treatment services sector, which he sold for $15 million. He discusses his financial strategies, advocating for investment in Section 8 real estate due to its lower entry cost and higher cash on return. Eric also stresses the importance of avoiding vices like drugs and alcohol, choosing the right social circle, and having a relentless pursuit of success. He provides a blueprint for the younger generation on how to achieve financial freedom through smart investments and lifestyle choices.

Mindmap

Keywords

💡Entrepreneur

An entrepreneur is an individual who creates and operates a business, taking on financial risks to do so with the goal of making a profit. In the video, several interviewees are entrepreneurs, such as the owner of Poppy Steak and the individual who sold gym equipment worldwide. They exemplify the entrepreneurial spirit by starting from humble beginnings and growing their businesses to significant success.

💡Wealth Creation

Wealth creation refers to the process of generating assets and increasing net worth through various means such as business ownership, investments, or other financial strategies. The video's central theme revolves around understanding how these successful individuals have created their wealth, with examples including owning a high-end restaurant and selling a lucrative business.

💡Millionaire

A millionaire is someone whose net worth or wealth is equal to or exceeds one million units of currency. The video features interviews with several self-made millionaires, discussing their journeys and the strategies they employed to amass their fortunes, such as the owner of Poppy Steak who has made over $100 million in a single year.

💡Investment

Investment in the video context refers to the allocation of resources, such as time, money, or effort, with the expectation of generating a return. The video discusses various investment strategies, including real estate and stock market investments, as pathways to wealth creation. One interviewee emphasizes investing in S&P ETFs as a means of compounding wealth.

💡Business Ownership

Business ownership is the act of owning and operating a business. The video features stories of individuals who have become wealthy through owning businesses, such as the owner of a restaurant chain or a provider of addiction treatment services. It highlights the importance of business ownership as a means to financial independence.

💡Real Estate

Real estate in the video is presented as a significant asset class for wealth creation. The script mentions investing in real estate, particularly Section 8 real estate, as a strategy for generating passive income and achieving financial freedom. One interviewee suggests that real estate investment is accessible even for those without substantial capital.

💡Systematic Approach

A systematic approach refers to a methodical and organized way of doing things, often involving a set of procedures or protocols. In the video, a successful entrepreneur emphasizes the importance of having a systematic approach in business, which allows for scalability and efficiency, as exemplified by the success of McDonald's.

💡Financial Freedom

Financial freedom is the state of having enough financial resources to cover all of one's needs and wants without reliance on a job or other sources of income. The video explores this concept through the stories of individuals who have achieved it, often through business ownership, smart investments, and strategic financial planning.

💡Networking

Networking is the process of building relationships and connections, especially for professional or business purposes. The video suggests that networking is crucial for business success, as it can lead to partnerships, investments, and other opportunities that contribute to wealth creation.

💡Delegation

Delegation is the act of assigning tasks or responsibilities to other people, typically in a managerial context. The video touches on the importance of delegation in business, suggesting that it is a key skill for scaling a business and achieving financial success, as it allows entrepreneurs to focus on strategic tasks rather than being overwhelmed by day-to-day operations.

💡Sales

Sales in the video refer to the process of selling products or services to customers, which is a critical aspect of business revenue generation. The interviewees discuss various sales strategies and the importance of understanding human psychology to effectively sell products, as highlighted by the entrepreneur who leveraged sales to achieve significant revenue.

Highlights

Interview with a wealthy individual in Miami who owns a Rolls-Royce and has a successful business.

The individual has never had a bad month in business since launching a cigarette brand, achieving over $150 million in annual sales.

A visit to Miami's Design District to interview wealthy residents and learn about their paths to wealth creation.

Insights on the importance of understanding human nature and leveraging psychology in sales for business success.

Advice on the importance of waking up early and mastering delegation in business.

A discussion on the significance of having a system in place for business success, as highlighted by a $2 billion entrepreneur.

Recommendation to invest in S&P ETFs for long-term financial growth.

A tip from a successful entrepreneur on the importance of investing in multi-family real estate for passive income.

Interview with the owner of a high-end steakhouse in Miami, discussing the secrets of his business's success.

Advice on the necessity of hard work and believing in oneself for aspiring entrepreneurs.

A story of overcoming bankruptcy and starting over to achieve financial success.

An entrepreneur shares the turning point in his financial journey and the importance of continuous effort.

The significance of faith and its role in achieving financial freedom, as shared by a Miami-based business owner.

A discussion on the importance of building winning relationships in the business world through honesty and loyalty.

An interview with a gym equipment entrepreneur who emphasizes the importance of self-belief and perseverance.

Advice for new business owners on avoiding common pitfalls and the importance of budgeting and hard work.

An introduction to the School of Hard Knocks and its mission to provide valuable insights from successful entrepreneurs.

Transcripts

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excuse me sir sir question for you have

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you ever been oh my God I've seen your

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[ __ ] yeah could I interview you real

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quick okay I'm totally Rich yeah relax

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is this your Rolls-Royce yes and what do

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you do for living out here in Miami I

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own poppy Steck best restaurant in the

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world what's the biggest year you've had

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so far in terms of Revenue what's the

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most you made in a year 2021 over $100

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million in business I've done over $2

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billion 2 billion 2 billion but what if

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you have a bad month in business I

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couldn't ever figure that out and I

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haven't had a bad month ever since I put

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jeal cigarettes on the market and

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started doing 150 million a year how can

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somebody become a multi-millionaire like

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yourself in today's world

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[Music]

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Listen Hard Knock family it is 6:30 in

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the morning and we are about to fly from

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Austin Texas to Miami Florida to go

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interview some of the wealthiest people

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in the entire city Miami has 75% more

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millionaires now than it did a decade

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ago so we're going to go find the hidden

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wealth in Miami and go figure out where

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these multi-millionaires and

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billionaires are so that way we can

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figure out how they got to where they

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were and how you can start your path to

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coming financially free in today's world

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so with that being said let's head out

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to Miami and get this video on the

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way all right you guys we just touched

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down in Miami Florida and we are at our

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first stop in the Design District home

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to some of the most expensive luxury

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stores in the city so we're going to

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walk around find some wealthy people and

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figure out how they created their wealth

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in the city looks like we got one right

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here so come on let's see excuse me sir

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question for you have you have you ever

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been broke

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before real quick I all right my friend

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all right hey as you guys can see since

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we're in Miami in the Design District

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like I said this is home to some of the

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most successful people in the entire

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country are based here in Miami so all

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we can do is kind of keep tracking until

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we find these yeses and get some real

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game and real business advice from how

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these people created their wealth out

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here come on excuse me sir question for

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you sir have you ever been than no

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thanks no thanks no appreciate you my

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friend thank you excuse me sir yes

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question for you no I I I know you I

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know you I'm not going to I'll do it

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I'll do it no no no you are not doing it

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because it's going to go on Tik Tok real

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quick real quick I'll do it I'll do it

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I'll no no honey we cannot afford to do

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things like this excuse me sir question

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for you have you ever been broke before

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I know this one I know this one real

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quick I started the channel on Austin I

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know I know I've seen it it's good

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excuse me sir sir question for you what

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have you have you ever been broke before

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huh have you ever been broke before

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what's your name James what guys I

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started a channel I grew it to 7 million

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followers in Austin Texas okay I'm

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totally Rich relax real quick question

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for you like what what line of business

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were you in money laundry actually

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though I want to get into it okay one

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question that's it in 60 seconds

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somebody wants to become financially

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free in today's world give them the

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blueprint what does it take to become

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successful like yourself in the business

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World psychology understand human nature

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and don't push people but but but when

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it comes to sales though how do you

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leverage psychology in sales huh how do

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you leverage psychology and sales I'm

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really [ __ ] smart are you old money

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or new money I did it myself could I

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walk with you huh could I walk with you

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real quick in your opinion what was the

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hardest skill for you to master in the

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business World waking up what do you

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mean by that I don't like to wake up in

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the money in terms of Delegation how

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important was if you learning how to

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master delegation building teams and

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bringing the right people in it's

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impossible I do everything myself what

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was the best financial advice you ever

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got from a mentor take the money don't

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keep putting it back in why is that cuz

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you keep spending your money but what if

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you have a bad month in business I

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couldn't ever figure that out and I

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haven't had a bad month ever since I put

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Jewel cigarettes on the market and

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started doing 150 million a year you do

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150 million a year how 70 I work with

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Tyson future everybody how did you scale

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from an 8 to a N9 figure company that's

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incredible when opportunity meets

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preparation you have luck what was your

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risk tolerance as a business owner I

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just go for it yeah did you have to

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borrow money from Banks or leverage any

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capital from investors or how did you

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get the money I did it myself now I

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borrow money from Banks they're begging

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to give me money at 8% they'll they'll

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do anything to give me money what's your

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name Sir Johnny Johnny I appreciate you

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what do I see this on the School of Hard

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Knocks all platforms like we do 120

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million views a month and real quick one

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more for you real quick how old you now

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50 50 with everything you've learned one

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message to the younger generation today

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that could help them start that path and

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that learning cve I can't I just had to

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go through what I had to go through to

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get here I had to just do it I had to do

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it make mistakes do it make mistakes but

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I learn and I'm smart were you close to

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bankruptcy at any point in time twice

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how' you break that and overcome that I

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started over again a chunk of a car at

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40 incredible thank you for your time so

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I really appreciate that all right you

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guys that's got to be one of the wildest

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interactions I've ever had running this

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channel that's a $150 million ENT

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entrepreneur we just caught out here in

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mi Florida and he just gave us some

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straight game for you guys crazy

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interview to get this video rolling we

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got to keep it rolling go get this next

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one come on you guys excuse me sir sir

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question for you have you ever been

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broke before no no bro I started the

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channel in Austin I grew up to 7 million

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followers I interview business owners

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all over the country can I get just one

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minute of your time real quick please

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it'll be worth it I promise you question

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for you oh I know could I interview you

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real quick real quick one minute about

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to walk into a meeting one minute please

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of your it'll be trust me one minute

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awesome thank you bro I appreciate that

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all right you guys so yesterday was not

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easy man we got the one interview but

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like I said man these are super high

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netw worth individuals we just tried to

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get that one right there he likes the

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channel but what is he doing he's going

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into a meeting on a Saturday right now

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we just got to keep up the pressure and

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go find where these multi-millionaires

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and billionaires are out here in Miami

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Florida so come with me let's go snag

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these interviews come

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on is this your Rolls-Royce yes and what

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do you do for living out here in Miami I

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own poppy steak so you own a restaurant

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how long have you been best restaurant

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in the world Haven you heard of poppy

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Steck how long have you been in the

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restaurant business for about 5 years 5

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years and what's the biggest year you've

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had so far in terms of Revenue what's

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the most you made in the year we made a

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lot during the co years you know

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Florida's been good to us yeah and then

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thank God business is booming keep going

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up and up and up and up what's the

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biggest year you had at your restaurant

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uh 2021 2022 what would you do in

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Revenue we don't like to say numbers but

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a lot a lot of money yeah enough enough

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to get this car yeah you can see for

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yourself keep driving bro keep driving

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so how did you skill on multiple

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locations and overall just the business

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you got to always give the best service

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best Hospitality the best team you got

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to have the best team behind you you got

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to put a lot of love into it and a lot

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of hard work yeah now when it comes to

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networking a lot of people struggle to

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build relationships build Connections in

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the business world you're in the

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hospitality you're in the people

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business what does it take to build

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winning relationships in in in the

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business world you got to constantly

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stay honest be honest with all your

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friends be honest with all your

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investors and just keep printing money

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and make success so how did you get the

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money to start this business did you

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have to borrow capital from Banks or

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investors or how did you ultimately get

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the money it's always like that you know

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in business you need friends you need

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relationships you need Partners but you

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got to stay true and loyal to your

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partners and have you ever been broke

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before of course what the [ __ ] does that

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mean yeah so so you don't so you don't

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self made I worked very hard to get to

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where I am so what was the Turning Point

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times so what was the turning point to

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Financial Freedom like what did you see

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that made you want to stand out and go

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create a multi-million dollar business

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it's never it's never ending there's

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never Financial Freedom you always got

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to work harder and you always got to

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thrive to get more and more and your

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last message to somebody trying to

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become a multi-millionaire in today's

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world you got to stay true to your brand

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and believe in yourself and work very

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hard do you believe in god of course and

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how important was faith for you very

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important all these things are very

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important thank you my friend have a

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great day have a great day sir thank you

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hey yo we just interviewed I think his

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name is David but he's the owner of

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poppy steak one of the largest

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steakhouses in the entire country we

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just held up traffic for I don't know at

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least 3 to 5 minutes never sleep on my

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inter you guys great interview let's

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keep the video rolling man shout out

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Miami let's

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go excuse me sir sir question for you

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have you ever been oh my God I've seen

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your [ __ ] yeah could C could I interview

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you real quick I don't know I don't know

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if I want to answer your questions yeah

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what what made you pick me up man you

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just had to look you just you look like

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you got money bro this is crazy are you

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filming this [ __ ] yeah this guy my gy

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comes up to me David jelo yesterday and

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says to me you've got to watch this guy

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I said I watch him all the time wow I

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never thought I'd get interviewed that's

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insane yeah well I guess like what line

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of business are you in I set up gyms

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around the world I I sell gym equipment

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around the world so you have a you've

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been you're an entrepreneur I'm an

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entrepreneur how long have you been a

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business owner for 18 years and over

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these 18 years what's the greatest

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lesson you've learned about

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entrepreneurship you passed off this

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someone about to start their first

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company in today's world believe in

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yourself always how did you find that

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self-belief to go make millions of

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dollars it's one of the biggest things

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people struggle with I think I had this

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Burning Desire inside of me from a young

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boy but every time I was told no I

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continued to push through and the more

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people that talk [ __ ] about me the more

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that made me even like like it gets me

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emotional even thinking about it because

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I was one of them that like you count me

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out I'm going to do it Point Blank

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period and so I just kept going and

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going and going and I never in a million

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years thought I'd be where I'm at today

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so you don't come from a lot of money no

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no my dad's uh um comes from Athens

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Greece uh immigrant come from nothing

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and then rais me to be who I am today

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but you just never took no for an answer

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dude like when I say never took no like

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15 years ago me and her were Rob Peter

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to pay paa like eating peanut butter and

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jelly sandwiches I'm trying to be on Mr

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Olympia stage bodybuilder and [ __ ]

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like you know kept going literally

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taking cash to pay the electric bill and

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then you know kept grinding I used to

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run 400 ads literally a week on

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Craigslist to sell my equipment nobody

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knew who I was and then 2015 hit 100,000

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followers on Facebook and then just kept

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grinding bro eight out of 10 businesses

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they won't make it past 5 years from

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your perspective what's the most common

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mistake you see business owners make in

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today's world so it's funny in the gym

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World about three three of 10's going to

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make it and so what I normally see them

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do is they fail before they even get

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open meaning theyve got half a million

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dollars to open this gym they want to go

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come to me and spend three four or

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500,000 on equipment I say whoa they

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went into the high dollar District like

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we're at right now and they say their

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rents $338,000 a month for a gym they

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have no money in the bank to back them

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they're setting themselves up for

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failure from the very getb go before

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they even open so I always tell them I

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sit down with them and I say okay what

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budget are we working with what is your

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rent what is your payroll are you going

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to put in the hours or you trying to pwn

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it off and pay somebody 100 Grand a year

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if you're not willing to put in work it

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is no business is a get-rich quick Point

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Blank period so I always tell people I'm

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like if you want to put in the work you

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can make it but you got to be able to

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[ __ ] sleep at the business I

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appreciate you my friend you got amazing

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advice pleasure all right you guys Miami

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has been insane so far and we're back

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out here for day three headed to go get

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our next interview but I want to take a

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quick moment to talk to you about one of

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the greatest things I've learned running

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said go tap in with prize picks right

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now but let's go head to our next

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destination out here in Miami come on

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I've got a very special surprise for you

play11:39

guys we're about to interview Anthony

play11:41

pal he's done over $2 billion in sales

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throughout his career we're leaking up

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with him at the Porsche Design Tower

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where he just got a new Penthouse this

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is one of the top five wealthiest

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buildings in the world there's over 20

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billionaires that live here and he's

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about to drop some serious game for you

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guys so with that being said let's go

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link up with Anthony and see what he has

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to say Anthony what's going on my friend

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hey buddy how you doing good man good to

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see you as well what industry did you

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decide to pursue a career in I started

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in direct sales and contact management

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and Lead distribution are you a business

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owner yes I am how long have you been an

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entrepreneur for uh 25 years throughout

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your career what has been the most

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amount of money that you've ever made in

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a single year in business I've done over

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$2 billion $2 billion 2 billion what's

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your secret to selling in a competitive

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industry well everyone knows McDonald's

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why is McDonald's successful because

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they have a systematic approach to their

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business and number two the system's so

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good that the 15-year-old can run the

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business I created that with digital

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products I have a system that's so

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watertight with contact management lead

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distribution and LMS no matter what

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product or service I put in I just win

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it's the system you have to have a

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system if you want to win don't there a

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formula yeah you got to you got to have

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a system I'm a Master System Creator and

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I know like right now I just launched

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another business guess what we launched

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it back in November boom it's like this

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on quiet the system what is the best

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financial decision somebody can make in

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today's world number one find a vehicle

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to make lots of money that's called

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earned income number two don't spend

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your earned income invest it in assets

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but everyone goes okay I've heard this

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100 times what do I do where do I put my

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first 10 grand 20 grand what do I do to

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compound cash you got to get an S&P ETF

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the S&P is outproduced everything over

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the years for example this year it's

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already up 177% that means if you had

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100 Grand you're already up 177,000 you

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put 500 1,000 250 whatever you can

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afford every single month you put it

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into an S&P ETF and let it grow and work

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your back assass off in your vehicle and

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your business number three once you get

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to a certain point you have money

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compounding start investing in multifam

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you know one thing I did when I was

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broke I needed my rent paid for so I

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went and bought a ax the bank will lend

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you because you're not it's not a

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personal residence they want to see cash

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flow does those eight residential units

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pay the debt load the answer is yes so

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therefore those seven people paid the

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debt load I got it for free I was able

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to increase the value sell it and double

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the money and when your passive residual

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income kicks off what you want as far as

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your goals dreams now you can start

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spending your money on Lambos and houses

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and porch towers and all the fun stuff I

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don't spend earned income whether I work

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or not sitting here with this guy I'm

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making money right now standing here

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that's what you got to be doing all

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right you guys my guy Anthony just

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dropped a billion dollars worth of game

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for you guys but I've got another

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special surprise for you we were about

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to go interview Miami Legend Eric

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spafford on his Yacht for those of you

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who don't know Eric sold a company for

play14:22

over $1 million and he wants to drop

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$100 million worth of game for you guys

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so we're going to head there right now

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come with us let's go see what Eric has

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is say yo yo what's going on my friend

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what's going on man how you

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doing man this is fire this is crazy man

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up sweet let's

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[Music]

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go who am I here with today Eric spord

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baby rout your career what has been the

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most amount of money that you've ever

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made in a single year uh 2021 over $100

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million $100 million and and what

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happened that year that you made over

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$100 million I sold my business for $15

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million on December 21st 4 days Before

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Christmas 2021 that's a crazy Christmas

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present it was and what was your

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business it was the largest provider of

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addiction treatment services in New

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England and why was that your vehicle

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like that's a niche business out of any

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business you could have been in how did

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you end up in that business I got sober

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and into recovery myself man I beat beat

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a drug habit beat alcoholism at 21 years

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old and found a passion for helping

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other people turned it into a business

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blew it out of the water where are we at

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right now Miami Florida Island guards

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Marina standing in front of my boat the

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bonus rounds this is your yacht that's

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my yacht as a N9 figure entrepreneur

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what is the best financial decision that

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somebody can make in today's world get

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into Section 8 real estate right now the

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reason I say Section 8 real estate is

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that people live with the delusion that

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they need hundreds of thousands of

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dollars and a lot of expertise to become

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a real estate investor the beautiful

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thing about this asset class is our

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average price per property is under

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$100,000 and almost any ordinary average

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American can get into becoming a real

play15:55

estate investor in this asset class and

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it also produ es higher than average

play16:00

cash onh returns because the federal

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government overpays on the rent to

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incentivize landlords to create more

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low-income housing because there is a

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shortage a a national crisis of not

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enough low-income housing for people

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that are at or below the poverty line

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and so if you're watching this and

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you're like I'm just a ordinary you know

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average American you know working middle

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class type person get out of the

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financial slave m mindset and instead of

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taking your earned income and spending

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it directly on your lifestyle reduce

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your lifestyle a little bit save your

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money take your savings and put that

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savings into an appreciating cash

play16:41

flowing asset that is going to pay you

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every month to earn it and if you do

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that consistently enough they'll become

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a breaking point where you have enough

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money coming from your real estate

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assets to pay for your lifestyle and at

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that exact moment is when you will

play16:56

become financially free the amount of

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stress endure every day will go down

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substantially and you get to do this

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very very cool thing which happened for

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me a long time ago as a result of

play17:06

investing in real estate I do things

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because I want to not because I have to

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most of you do things because you have

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to you know they don't teach that in

play17:13

school right they certainly do not yeah

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your last message to the younger

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generation like like give them the

play17:18

blueprint give them a 60-second business

play17:20

master class right now how can somebody

play17:22

become a multi-millionaire like yourself

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in today's world what does it take

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listen the first there's a couple core

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principles before I get to the business

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master class that the Young Generation

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really needs to embrace and embody

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because if you miss this you will miss

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all of it drugs and alcohol are for

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losers if you do drugs and alcohol the

play17:39

chances of you ever being financially

play17:41

free or mentally financially successful

play17:43

are almost zero you want to be

play17:45

successful you want to live a life like

play17:47

this drugs and alcohol are not involved

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here's another important thing for you

play17:51

your circle matters more than you

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realize I see too many young people

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hanging out being cool hanging out with

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losers doing loser stuff if you want to

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be a winner you have to look around the

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people around you and go and be honest

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with yourself are these my friends my

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boys people I love or are they actual

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winners why are you hanging out with

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them you must have somewhat of a

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cold-hearted ruthless nature to you and

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have your loyalty be to your future in

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how you surround yourself with your

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people I'm not telling you to tell those

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people to get out of here and never talk

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to them again and break up with them and

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and all that love them from a distance

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but Chase relationships with winners and

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successful people that are like-minded

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that want the same things if you do

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those two things stay away from vices

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and hang out with people that are

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destined to be successful it is almost

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guaranteed that you will find a level of

play18:43

success thank you so much for your time

play18:45

sir I appreciate that so my guy Eric

play18:47

just came through again with the crazy

play18:49

interview at the Yacht but guys that's a

play18:51

wrap on today's video be sure to like

play18:53

And subscribe for amazing content we've

play18:55

got coming very very soon and as I

play18:57

mentioned earlier in the video our

play18:58

official entrepreneur Community gives

play19:00

you guys the ability to join and get

play19:02

access to the multi-millionaire and

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billionaires that I interview on this

play19:05

channel where you can learn skills

play19:07

directly from them like how to sell how

play19:09

to Market how to build businesses how to

play19:11

create wealth in different Industries

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you can talk to them directly on the

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live calls that I'm hosting every single

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week and get access to tons of exclusive

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content so to join click the link down

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in the description below I can't wait to

play19:21

see on the inside of the school mentors

play19:22

but with that being said we'll see you

play19:24

in the next video

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