System For Success | Free Sales Training Program | Sales School

Summary

In this Sales School session, Jordan Belfort discusses the importance of effective cash flow management using solutions like Cinder, which automates payment and inventory synchronization. He introduces the concept of personal standards as a 'thermostat' that regulates long-term success and financial well-being. Belfort explains that individuals have different set points for wealth, health, and relationships, impacting their overall success. He warns that a low income can lead to financial instability and encourages attendees to raise their financial goals and explore additional income sources, emphasizing the necessity of a cohesive system for achieving lasting success.

Takeaways

• 😀 Having a cohesive system is essential for success in sales and life.
• 📊 Personal standards act as a 'thermostat' that regulates financial success.
• 💰 Individuals with high financial set points tend to achieve greater wealth.
• 📉 A low set point for income can lead to financial struggles and poverty.
• 🌐 Multiple sources of income are crucial for financial security.
• 🏆 High standards in one area do not guarantee high standards in others, such as health or relationships.
• 🔄 Regularly assess and elevate your financial standards to avoid complacency.
• 💡 Developing a clear system can help overcome challenges and achieve goals.
• 🔑 Awareness of personal standards is critical to unlocking financial potential.
• 🚀 To succeed, individuals must take proactive steps to raise their financial thermostat.

Q & A

What is the main focus of Jordan Belfort's sales training session?

The main focus is on achieving financial success by understanding and adjusting one's personal standards or 'thermostats' related to wealth.

How does Belfort define 'standards' in the context of financial success?

Standards are described as long-term indicators or benchmarks for success and wealth, akin to a thermostat that regulates temperature.

What metaphor does Belfort use to explain how personal financial standards function?

He uses the metaphor of a thermostat to illustrate how individuals maintain their financial status; if it drops below their set point, they take actions to bring it back up.

According to Belfort, what happens if someone has a low set point for money?

Individuals with a low set point for money are likely to struggle financially and may end up in poverty.

What does Belfort suggest about people who achieve financial success but neglect other areas of their lives?

He notes that such individuals may have a high financial set point but low standards in areas like health or relationships, leading to an imbalanced life.

What warning does Belfort give regarding making a modest income?

He warns that making a modest income, such as $48,000 a year, is not sustainable and could lead to financial struggles in the future.

What actions does Belfort encourage individuals to take to improve their financial situation?

He encourages individuals to raise their financial standards and develop additional sources of income to ensure long-term financial stability.

How does Belfort describe the relationship between one's financial thermostat and personal actions?

He describes it as a cycle where if one's financial state deviates from their set point, they will subconsciously take actions to return to that level.

What is the implication of having a 'thermostat for money' according to Belfort?

The implication is that just as a thermostat regulates temperature, one's financial set point influences their ability to achieve and maintain wealth.

Why does Belfort emphasize the need for a cohesive system in achieving success?

He believes that without a cohesive system, people struggle to effectively close deals and achieve their financial goals.