"I Got RICH When I Understood THIS!" - Best Powerful Motivational Video Compilation for Success

Summary

This powerful compilation video script inspires viewers to push beyond their limits, emphasizing that success and improvement are always within reach. It advocates for relentless hard work, strategic planning, and the courage to take risks. Highlighting stories of perseverance from entrepreneurs like Elon Musk and insights on embracing failure as a stepping stone to success, it motivates viewers to pursue their passions with resilience. The script underscores the importance of a growth mindset, financial literacy, and the value of learning from real-world experiences over formal education alone. It's a call to action to work hard, think innovatively, and never settle for mediocrity, aiming to transform viewers into proactive, ambitious individuals ready to make their mark on the world.

Takeaways

• 🚀 No matter how good we are, there's always room for improvement and growth.
• 💰 You possess enough power, grace, and talent right now to change your life and make a significant impact in the world.
• 📝 A great life doesn't happen by chance; it's carefully designed through hard work, smarter strategies, and being better prepared than others.
• 💪 Persistence and fighting through adversity are crucial for building a business and achieving success.
• 🖥 Entrepreneurship demands hard work, dedication, and a deep understanding of money and business principles.
• 💯 Success takes time, and there are no shortcuts. Embrace the journey and the process of learning and growing.
• ❤️ Finding your passion provides direction, purpose, and fulfillment, turning your career into a calling.
• 🚡 Embracing failure as part of the journey is essential. Learn from it and use it as a stepping stone towards success.
• 📖 Education and continuous learning are vital in mastering the language of business and staying ahead in your field.
• 🙌 Taking risks is necessary for growth and innovation, especially when you're young and have fewer obligations.

Q & A

What is the core message about personal growth and potential in the script?

The core message is that no matter how good we are, there's always room for improvement and we have enough resources and potential within us right now to change our lives and impact the world significantly.

How does the script suggest one can achieve a great life?

The script suggests that a great life doesn't happen by chance but by design, implying that intentional effort, hard work, being smarter, and being well-prepared are key to achieving success.

What does the script imply about dealing with challenges and setbacks?

The script implies that facing challenges and setbacks is an integral part of the journey towards success, and one must 'keep fighting' and persist despite difficulties to build and grow.

Why does the script emphasize the importance of learning about money?

The script highlights the lack of financial education in traditional schooling and stresses the importance of understanding money, especially for entrepreneurs, to ensure financial success and independence.

What is the significance of having a growth mindset according to the script?

Having a growth mindset is crucial for personal and professional development, as it enables individuals to view challenges as opportunities, remain open to learning, and adapt to change effectively.

What role does passion play in achieving success, as per the script?

Passion is depicted as a key driver of success, giving individuals direction, purpose, and the motivation to work hard and overcome obstacles, ultimately making their work feel less like a burden.

How does the script define the concept of resiliency?

Resiliency is defined in the script as the ability to endure and persevere through adversity, maintaining the strength and resolve to overcome challenges and emerge stronger.

What does the script say about the relationship between failure and innovation?

The script suggests that failure is an inherent part of innovation and entrepreneurship. Successful innovators and entrepreneurs view failures as learning opportunities and stepping stones to success.

Why is it important to take risks, especially at a younger age, according to the script?

Taking risks at a younger age is important because it's a time when one typically has fewer personal and financial obligations, making it an ideal period to pursue bold ideas and ventures.

What does the script imply about the importance of balancing work and personal life?

The script implies that achieving harmony between work and personal life is essential for overall happiness and fulfillment, suggesting that success isn't solely defined by professional achievements.

Outlines

00:00

🚀 Embracing Potential and Hard Work

This segment emphasizes the importance of recognizing one's inherent potential and the limitless opportunities available to transform one's life and the world. It underscores the significance of hard work, dedication, and the willingness to outwork competitors as essential ingredients for success. The narrative encourages a relentless pursuit of goals, resilience in the face of adversity, and the courage to take bold risks. It highlights the journeys of entrepreneurs who, against all odds, chose to follow unconventional paths, underscoring the value of persistence, learning from failures, and the critical role of a growth mindset in achieving greatness.

05:02

🌟 The Journey of Entrepreneurship

This paragraph delves into the realities of entrepreneurship, illustrating it as a path filled with challenges, hard work, and the necessity for a deep understanding of money. Through personal anecdotes and reflections, it conveys the significance of embracing failure as a stepping stone to success. The narrative further explores the distinctions between being an employee and an entrepreneur, highlighting the entrepreneurial spirit as one that seeks learning and growth beyond traditional education. It discusses the vital role of passion, determination, and the willingness to take risks in turning ideas into successful ventures.

10:04

📚 Learning from Both Successes and Failures

This segment reflects on the profound lessons learned from both successes and failures, emphasizing the importance of continuous learning and adaptation in entrepreneurship. Through the lens of personal experience, it touches on the harsh realities of starting and growing a business, including the invaluable lessons that come from facing and overcoming obstacles. It encourages aspiring entrepreneurs to seek knowledge, challenge the status quo, and remain resilient in the face of setbacks, underscoring the idea that true growth and success come from a deep understanding of one's field and the courage to innovate.

15:05

💡 The Power of Perspective and Perseverance

This paragraph highlights the transformative power of perspective and the importance of perseverance in achieving success. It argues that the way individuals view their circumstances can significantly impact their ability to overcome challenges and achieve their goals. The narrative encourages a shift from a mindset of fear and doubt to one of resilience and determination, emphasizing that failure is not a definitive end but a stepping stone to success. It inspires readers to embrace adversity, learn from their experiences, and continue striving towards their dreams with renewed vigor and a positive outlook.

20:06

🌱 Growth Through Adversity and Continuous Learning

This segment emphasizes the theme of growth through adversity, advocating for the embracement of challenges as opportunities for development. It underscores the importance of continuous learning, adaptability, and the willingness to take risks in the pursuit of one's goals. Through examples of personal setbacks and successes, it illustrates how resilience, hard work, and a relentless pursuit of knowledge can lead to remarkable achievements. The narrative encourages individuals to adopt a proactive approach to learning and self-improvement, highlighting the role of a growth mindset in overcoming obstacles and achieving success.

25:07

🔑 The Essence of True Success and Personal Fulfillment

This paragraph explores the concept of true success and personal fulfillment, emphasizing that genuine achievement goes beyond material wealth and societal recognition. It delves into the intrinsic value of passion, purpose, and making a positive impact on the world. The narrative encourages individuals to pursue their calling, stay true to their values, and make choices that align with their personal and professional growth. It highlights the importance of balancing ambition with personal well-being, underscoring the idea that fulfillment comes from pursuing one's passions and contributing meaningfully to society.

30:09

🌍 Impactful Living and the Pursuit of Meaning

This segment reflects on the pursuit of a meaningful and impactful life, stressing the importance of aligning one's actions with a greater purpose. It encourages individuals to seek out opportunities for growth, learning, and making a difference in the world. Through personal anecdotes and reflections, it highlights the significance of pursuing passions, embracing challenges, and living authentically. The narrative advocates for a life lived with intention, purpose, and a commitment to positive change, inspiring readers to consider their legacy and the impact they wish to make on the world.

35:09

🌟 Navigating Success: Insights and Inspirations

This final segment offers insights and inspirations for navigating the path to success, emphasizing the importance of passion, resilience, and a clear vision. It explores the journeys of individuals who have faced adversity, taken risks, and pursued their dreams with unwavering determination. The narrative encourages readers to remain true to their values, embrace their unique path, and persist in the face of challenges. It concludes with a call to action for individuals to pursue their passions, make bold decisions, and strive for excellence in all aspects of their lives.

Keywords

💡Entrepreneurship

Entrepreneurship refers to the process of starting and running one's own business, often characterized by innovation, risk-taking, and the pursuit of growth. In the script, entrepreneurship is highlighted as a challenging yet rewarding path, emphasizing the need for knowledge about money, the willingness to work hard, and the importance of taking risks. The narrative underscores that entrepreneurship is not just about making money but about bringing something valuable into the world, illustrating its pivotal role in personal and economic development.

💡Mindset

Mindset in the context of the video refers to the set of attitudes or beliefs that shape an individual's behavior and outlook on life, particularly in the face of challenges and when pursuing goals. The script emphasizes the importance of having a growth mindset, which involves seeing challenges as opportunities for growth, persisting in the face of setbacks, and believing in one's ability to improve and succeed. This concept is crucial in the video as it underpins the idea that one's perspective can significantly influence their capacity to achieve their objectives and handle adversity.

💡Persistence

Persistence is the quality of continuing steadfastly in a course of action despite obstacles or discouragement. The video script underscores persistence as a critical attribute for success, especially in entrepreneurship and personal development. It conveys that enduring through difficulties, maintaining effort, and not giving up in the face of failure are essential for achieving long-term goals and overcoming the inherent challenges in any worthwhile endeavor.

💡Failure

Failure is defined as the lack of success in achieving a goal, but in the video, it is portrayed as a stepping stone to success rather than an endpoint. The script highlights that failure provides valuable lessons, offering opportunities for learning and growth. Embracing failure as part of the journey toward success is emphasized as vital for personal and professional development, encouraging viewers to persevere and learn from their setbacks rather than being discouraged by them.

💡Risk-taking

Risk-taking involves engaging in actions that expose one to the possibility of loss or failure. The script promotes risk-taking as an essential component of success, particularly in entrepreneurship. It suggests that taking calculated risks can lead to significant rewards and is often necessary for innovation and progress. The narrative encourages viewers to step out of their comfort zones and embrace the uncertainties associated with pursuing ambitious goals.

💡Work ethic

Work ethic refers to the value one places on hard work and diligence. In the video, a strong work ethic is portrayed as a key driver of success, suggesting that putting in more hours and effort than others can lead to greater achievements. The script emphasizes the importance of dedication, discipline, and a willingness to work hard consistently as fundamental to realizing one's goals and outperforming competitors.

💡Opportunity

Opportunity in the script refers to a set of circumstances that makes it possible to achieve something. The narrative stresses the importance of recognizing, seizing, and creating opportunities as a pathway to success. It suggests that being alert to potential opportunities and acting upon them can lead to significant advancements in one's personal and professional life, highlighting the proactive aspect of achieving one's aspirations.

💡Innovation

Innovation is the process of creating new ideas, products, or methods. The video script emphasizes innovation as a key to entrepreneurship and success, suggesting that bringing new and improved solutions to the market is essential for progress and competitive advantage. It illustrates that being innovative involves thinking creatively, challenging the status quo, and continuously seeking ways to improve.

💡Learning

Learning is acquiring knowledge or skills through experience, study, or being taught. The script highlights continuous learning as crucial for personal growth and success, suggesting that staying informed, acquiring new skills, and expanding one's knowledge base are fundamental for adapting to change and overcoming challenges. It portrays learning as a lifelong endeavor essential for staying relevant and achieving excellence.

💡Passion

Passion refers to a strong enthusiasm or desire for something. The video script underscores the importance of passion in driving perseverance, motivation, and success. It suggests that having a deep interest or fervor for what one does can lead to greater satisfaction and achievement, illustrating that passion can be a powerful motivator that fuels effort and dedication toward realizing one's goals.

Highlights

No matter how good we are, we can still be better. You have enough right now to change your life and flip the world upside down.

A great life doesn't happen by chance, it happens by design. If you outwork everybody and try to be smarter and better prepared, you have your best chance.

The psychology of a champion is different. Hustlers think differently, viewing challenges as opportunities and focusing on what can be learned.

Finding your passion is a fantastic gift because it gives you direction, purpose, and turns your job or career into a calling.

Success takes time. There are no shortcuts, but you must take steps with passion and ferocity.

Entrepreneurship is hard. You need to work a lot, especially in the early days, and be willing to work without immediate rewards.

The difference between an entrepreneur and an employee is knowledge about money. An entrepreneur must understand money to succeed.

The mindset for success involves preparing your mindset for the workload and embracing the entrepreneurial journey with all its risks and hard work.

Adversity teaches us how to get back up. Being proud of your hard work and choices, rather than your innate gifts, is what matters in the long run.

Inventors have the paradoxical ability to be both a domain expert and maintain a beginner's mind, looking at their field with a fresh perspective despite their expertise.

Persistence and learning from failure are key. Thomas Edison's story exemplifies that failing doesn't make you a failure, it's part of the journey to success.

The importance of taking risks and not being afraid of failure. Now is the time to take risks, before life's obligations increase.

The significance of hard work and putting in long hours to achieve success faster than others.

The power of perspective and viewpoint in achieving success. How you see challenges and opportunities can determine your path to success.

The necessity of resilience, endurance, and the willingness to fight through adversity and setbacks to achieve long-term goals.

Transcripts

no matter how good we are we can still

be better you can always be better you

have enough right now to change your

life you have enough right now to flip

this world upside down you have enough

you got enough power you got enough

anointing you got enough Grace you got

enough patience you got enough gifting

to make your money get out of debt get

yourself together and change everything

about your world if somebody else is

working 50 hours you're working 100

you'll get twice as much done in the

course of a year as uh the other company

we know that a great life doesn't happen

by chance it happens by Design if you

outwork everybody if you try to be a

little smarter than everybody if you try

to be a better salesperson than

everybody if you try to be better

prepared than everybody you've got your

best chance I need you to fight I see

you sitting at your desk and you doing

work and you really want to go home but

no you got to fight come on I see you

trying to build the business and trying

to get those clients and and you're

trying to promote this thing and you're

trying to get it up the ground keep

fighting I had the whole world telling

me that I could never be an entrepreneur

I had everybody telling me that I was

dumb for trying to leave the comfort of

trying to be a doctor I had the whole

world telling me that I was throwing

every sacrifice my parents made for me

away so I had to work one of the hard

truths about life is that success takes

time and this is what the greatest

entrepreneurs have done a drive to do

more to create to bring something in to

this world entrepreneurship is hard you

got to work a lot and in the early days

I mean I was working around the clock 7

days a week never took a vacation never

spent money I mean you got to be willing

to work so why don't we learn about

money in school and he looked at me says

because the government doesn't let us

teach that subject if you're going to

win the fight for your future you're

going to have to prepare your mindset

for the

workload do you want to go down the

entrepreneurial Journey take the risk

and do that I love that risk I love the

whole journey with that and I don't mind

working hard and doing that if that's

not for you fine this is the difference

is an entrepreneur must know about money

well they they're no longer

entrepreneurs and it says an employee

doesn't have to know anything about

money there's a difference between a

fixed mindset and a growth mindset the

psychology of a champion is just

different Hustlers are just WI here

differently the Hustler's mentality is

how can this challenge be my opportunity

and what can I learn and when you find

your passion it's a fantastic gift for

you because it gives you Direction it

gives you purpose uh you can have a job

or you can have a career or you can have

a calling and the best thing is to have

a calling you can't skip steps you have

to put one foot in front of the other

things take time there are no shortcuts

but you want to do those steps with you

know passion and ferocity in order to do

a lot of these things you need to know

how the universe works and you need to

know how economy Works um and you also

need to be able to bring a lot of people

together to work with you to create

something most people don't consider

that they don't do the work they don't

learn it's incredibly hard to get people

to take bold bets now is the time to

take risk I would encourage you to take

risks now do something bold you won't

regret

it you guys will find that you have

passions and having a passion is a gift

I think we all have passions and you

don't get to uh choose them they pick

you but you have to be alert to them you

have to be looking for them and when you

find your passion it's a fantastic gift

for you because it gives you Direction

it gives you purpose uh you can have a

job or you can have a career or you can

have a calling and the best thing is to

have a calling and if you find your

passion you'll have that and all your

work won't feel like work to you many

many kids and many grown grups do figure

out uh over time what their passions are

and sometimes we let our I don't think

it's that hard I think what happens

though sometimes is that we let our

intellectual selves overrule those

passions uh and so that's what needs to

be guarded against my job one of my jobs

as the leader of Amazon is to encourage

people to be bold and people love to

focus on things that aren't yet working

um and that's good it's human nature

that kind of divine discontent can be

very helpful but uh you really you know

it's incredibly hard to get people to

take bold bets and you need to encourage

that and if you're going to take bold

bets they're going to be experiments and

if they're experiments you don't know

ahead of time whe they're going to work

uh experiments are by their very nature

uh prone to failure but big successes a

few big successes compensate for dozens

and dozens of things that didn't work so

you know bold bets AWS Kindle Amazon

Prime our thirdparty seller business all

of those things are examples of bul bets

that uh that that did work and they pay

for a lot of experiments I've made

billions of dollars of failures at

amazon.com literally billions of dollars

of failures and uh uh you know you might

remember pets.com or Cosmo or you know

give myself a root canal with no

anesthesia very easily uh none of those

things are fun but they but they also

they don't matter what really matters is

companies that don't continue to

experiment companies that don't Embrace

failure they eventually get in a

desperate position where they the only

thing they can do is make a kind of Hail

Mary bat at the very end of their

corporate existence whereas companies

that are you know uh making bets all

along even you know big bets but not bet

the company bets I don't I don't believe

in bet the company bets that's when

you're desperate that's that's the last

thing you can do it's not you could be

out of work and be have terrible work

life balance you know even though you

got all the time in the world you could

just feel like oh my God you know I'm

miserable and you would be draining

energy and so you have to find that

Harmony it's a much better word and I

think for most people

it's about meaning people want to know

that they're doing something interesting

and useful and for us you know because

of the challenges that we have chosen

for

ourselves uh we get to work in the

future and it's super fun to work in the

future for the right kind of person you

need to be um if you Nimble and robust

so you need to be able to take a punch

uh and you also need to be quick and and

and and Innovative and and doing new

things that a high speed that's that's

the best defense against the future and

you have to always be leaning into the

future if you're if you're leaning away

from the future the future is going to

win every time never ever ever lean away

from the future we all have adversity in

our lives you I I I would I would I

doubt if you really you know if you know

somebody any friend or anybody that you

talk to um uh there's no lack of

adversity and the uh and by the way

that's good because is it's what teaches

us how to get back up you fall down you

get back up it always happens and U you

know you get certain um gifts in life

and you want to take advantage of those

um but you I guess my advice on

adversity and uh success would be

to be proud not of your gifts but of

your hard work and your choices so you

know you may be the kinds of gifts you

get like you know you might be really

good at math it might be really easy for

you that's a kind of gift um but

practicing that math and taking it to

the next step that could be very

challenging and hard um and take a lot

of sweat that's a choice you can't

really be proud of your gifts because

they were given to you um you can be

grateful for them and thankful for them

um and but your choices you choose to

work hard um you choose to hard things

those are choices that you can be proud

of being an inventor requires because

the world is so complicated you have to

be a domain expert I mean in a way even

if even if you're not at the beginning

you have to learn learn learn learn

learn enough so that you become a domain

expert but the danger is once you've

become a domain expert you can be

trapped by that knowledge and so

inventors have this paradoxical ability

to have that you know 10,000 hours of

practice and be a real domain expert and

have that beginner's mind have that that

look at it freshly even though they know

so much about the domain and that's the

key um to to inventing you have to have

both and I think that is intentional I

think all of us have that inside of us

and we can all do it but you have to be

intentional about it you have to say

yeah I am going to become an expert and

I'm going to keep my beginner's mind you

can't skip steps you have to put one

foot in front of the other things take

time uh you there are no

shortcuts and uh but but you want to do

those steps with you know passion and

ferocity it's easy to have ideas it's

very hard to turn an idea into a

successful product there are a lot of

steps in between and it takes

persistence

relentlessness so I always tell people

who are you know who think they want to

be entrepreneurs it's you need a

combination

of stubborn

relentlessness and flexibility and you

have to know when to be which and

basically you need to be stubborn on

your vision because otherwise it'll be

too easy to give up but you need to be

very flexible on the details because as

you go along pursuing your vision you'll

find that some of your preconceptions

were wrong and you're going to need to

be able to change those things so I

think uh taking an idea successfully all

the way to the market and turning it

into a real product that people care

about and that really improves people's

lives is a lot of hard work don't try to

chase what is kind of the hot Passion of

the day I think we actually saw this I

think you see it all over the place in

many different contexts but I think we

saw it uh in the internet World quite a

bit where you know at sort of peak of

the uh sort of Internet uh you know

Mania and say 1999 you found people who

were uh you know very passionate

something they kind of left that job and

decided I'm going to you know do

something in the internet because it's

you know was almost like the you know

the 1849 gold rush in a way I mean you

find that people uh if you go back and

study the history of the 1849 Gold Rush

you find that you know uh at that time

everybody who was in within a shouting

distance of California was you know they

might have been a doctor but they quit

being a doctor and they started panning

for gold and that that almost never

works um and even if it does work uh you

know According to some Metric financial

success or whatever it might be I

suspect it leaves you ultimately

unsatisfied so you really need to be

very clear with yourself and I think one

of the best ways to do that is this

notion of projecting yourself forward to

age 80 looking back on your life and

trying to make sure you've minimized the

number of regrets you have that works

for that works for career decisions it

works for family decisions um you know

do you want I I have a a 14-month-old

son and it's very easy for me to if I

think about myself when I'm 80 I know I

want to watch that little guy grow up um

and so it's I don't want to be 0 and

think shoot you know I I miss that whole

thing and I don't have the kind of

relationship with my son that I wished I

had and so on and so on so if you think

about that so I I guess another thing

that I would recommend to people is that

they always take a long-term point of

view and I think this is something about

which there's a lot of controversy you

know there's a there's a you know some a

lot of people and I'm just not one of

them believe that you should live for

the now I think what you do is you think

about the the the the great expanse of

Time ahead of you and try to make sure

that you're planning for that in a way

that's going to leave you ultimately

satisfied um so this is just my this is

the way it works for for me and I mean

this is everybody needs to find that for

themsel um so I think there are a lot of

paths to satisfaction and you need to

find one that works works for

you do the rich people cringe and say

don't tell them that Robert yes yes yes

don't tell people what they what you

know keep them

poor so my father was the head of

Education PhD all that stuff I go home

and ask him said why don't we learn

about money in school

and he looked at me and says because the

government doesn't let us teach that

subject the government tells us what we

can teach and what we can't

teach and I thought that was strange and

I said

but aren't we going to school to learn

about money he says no your job is to

get a job I said but you get a job to

earn money he goes no you're supposed to

just get a job I'm went no no no no no

isn't the purpose of a job to earn money

he goes you're correct I said so why

don't I just learn about money I can

skip the job part you know and he got

flustered and he said if you want to

learn about money why don't you ask your

best friend's father about

money I said Why That's Mike so why ask

him he says because Mike's father is an

entrepreneur and I said what am what are

you he says I'm an employee I'm a

government

employee I went oh what's the difference

he ISS the difference is an entrepreneur

must know about money or they they're no

longer entrepreneurs and he says an

employee doesn't have to know anything

about money because the government will

take care of the company will take care

of so I'm kid them all

confused but I took my dad's advice and

I TR all over to Mike's Father's office

and knocked on his door and I said hey

I'm here 9 years old teach me about

money he says beat it kid you know know

but that's where the story of Rich dead

poor dad started and finally through

persistence my rich dad started teaching

me about money on one condition and that

condition was he would never pay me he

says the moment I pay you you think like

an employee he says that's the Trap

entrepreneurs work for

free and now I'm 9 years old my head's

going cracking in half he says you never

want a paycheck you understand that kid

said okay I got it and he say well how

do I make money he says that's what

entrepreneurs figure out he was like so

how do I learn about money so he would

just break out a Monopoly game board so

I would work for free and pick up

cigarette butts and he had hotels and

restaurants and I would clean and do

menual tasks and as I got older I

started getting into office work and

marketing and accounting and I was an

apprentice basically but I always work

for

free and he would teach me about money

but the way he taught me about money

money was playing Monopoly and I finally

one day I got upset I said well when are

you going to teach me about money he

says what do you think we're

doing we're playing Monopoly he goes no

no no no what do you think we're

doing we're playing Monopoly says what

do you think we're doing I don't know

I'm teaching you about

money and then that's why you know you

have one greenh house you know he says

there's many formulas for great success

in money there's thousands of them but

one of the best ones found on the game

of Monopoly it still is today four green

houses one red

Hotel said what he says one of the

greatest ways to acquire great wealth is

playing Monopoly in real life four green

houses one red

hotel but is that all there is he goes

that's

it and he says what do you think I'm

doing and I went I don't know so then he

took me out he showed me his green

houses and 10 years later when I was 19

I was now in school in New York and I

come back to Hawaii and Rich Dad had

bought the biggest piece of land smack

dab in the middle of Wy ke Beach and

when you go to Wy ke beach today you'll

see the high at Regency hotel that was

his hotel just like the game of Monopoly

just like the game of Monopoly acquired

assets and they became bigger assets he

just kept it was called an assemblage

because that property wasn't that big of

the time so he had to buy out all the

small guys cuz W King was a little dirt

water little town so he'd buy out this

shop owner buy that shop owner and it

took him a while but he finally

assembled this large piece of property

and then he then he and hayatt put up

this giant hotel you know I just and it

just sold for $800

million so that's how I learned about

money I've had Financial crashes I've

had people stab me in the back but

they're all good because I grow from it

that's spirituality right you know

people who are afraid of making mistakes

like they teach in school they don't

ever grow because spirituality is

there's good and there's bad there's

right and there's wrong there's up and

there's down most people only want to be

right they only want to be positive well

you can't have that that's not

reality well I wasn't poor by most

people's standard

but I came from a family with a poor

attitude if you know what I mean because

Rich poor middle class poverty starts

with a fundamental

attitude poverty is passed on it's

taught in your

families and middle class is taught in

families and so the people right now who

are sitting at home who are struggling

financially or worried about money or

unhappy they may be making a lot of

money but unhappy with what they're

doing it was probably taught to you you

know your super ego was taught get a job

work hard or you or you'll never be rich

or the rich are evil or whatever the

school system will never teach you about

money the school system was designed to

teach you to be an employee which is

important or a doctor or a lawyer a

specialist but never about

money and what most people lack is real

business knowledge like I accounting you

know like debt like taxes you got to

know that stuff but they don't teach it

in school to

anybody so and and then when people ask

me how did your Rich Dad learn this when

your poor dad a pH day didn't and the

answer is very simply my rich dad was my

best friend's father his father died

when he was 13 so his so rich dad had

this family business at 13 to run so he

had to drop out of school which was this

blessing you know those blessings and

you know sometimes the blessing doesn't

look like a blessing but it turned out

to be a blessing and then his teachers

became his bookkeeper his accountant his

attorney his Banker his real estate

agents so he has what I call real

teachers not these fake teachers in

school you see most teachers in school

they're out of Ethics they teach

subjects they don't they themselves

don't practice I asked the teacher I

said you know I'm in my third year of

calculus now it was called it was called

strength of

materials I said am I ever going to use

this stuff he goes

no you know said why do you teach it

how's I get paid said do you ever use it

he goes

no and that's why you know you have to

in life one of the things I suggest to

people you got to find a real teacher

forance a fake teacher and a fake

teacher is somebody who doesn't do what

they

teach and a real teacher is doing what

they teach every day so my accountants

my attorneys they're in it every single

day that's how I learn cuz every day I'm

solving problems of my business so I

have I have accountants and attorneys

and bankers and all these people on

speed dial because I'm I'm solving

problems with my

team I see you giving this knowledge out

and yeah do the rich people cringe and

say don't tell them that Rob yes yes yes

don't tell people what they what you

know keep them poor but you know

unfortunately the poor as what in the

Bible I'm not real religious the poor

will always be amongst us because it

starts up here right it's that fear

mentality it's it's in their words you

know and the words become flesh I'm not

really religious I flun that at Sunday

school also but when they say I can't

afford it or I can't do that they go

down they become what they say say my

PhD dad he says what do you think I am

made of money I can't afford that and my

rich dad would say that's why he's poor

poor people say I can't afford it I

can't do that I don't have time because

this is

escape it's an Escape you know what I

mean it's easy to say I can't afford it

and your Rich Dad used to say what

instead of I can't afford it how can I

afford it how can I do that you know

what would it take or why should I do

that he says a question opens a mind a

statement closes the mind so when you

say I can't afford it your mind shuts

down and you become what you

say rugby is a team sport but so is

soccer the rules are different and other

people are golfers they play by

themselves and so everybody's different

so my game financially is business

number one second is real estate so what

I say to young people is you you find

your

game out of all the reasons in the world

now I've read you you have the 10 you

know all these keys to success Etc what

would you say is the number one reason

why people fail not necessarily why they

make it the complete opposite right lack

of brains lack of effort lack of brains

lack of effort yeah they just they don't

do the work they don't learn you know

when you walk in the room if when you

start a business and you start to talk

about somebody you're you're never in a

vacuum with no competition you know

unless you're just extremely lucky and

if there's going to be competition that

means somebody else knows your business

as well as you do when you get started

and if you walk into a competitive

environment and they still know more

about the business than you do and more

about your customers you're going to

lose and but most people don't consider

that they don't do the work they don't

learn more about their industry they

don't know even about their business I

mean and so you've got to put in the

effort to know more about your industry

than anybody else um and that's that's

the brains part and that's the effort

part as well because look if you're

competing with me you you better know

what you're doing otherwise I'm going to

kick your ass you know and you're not

going to outw work me and so you know

the combination is usually what kills

businesses early on more than

anything you know alluding to it earlier

about entrepreneurs being born or built

you know and I think there I knew I was

wired to be excited about business how

or why I don't know but you know and

there's certain guys that have the

genetics to jump out of the gym right

there certain guys you know that you

know when they golf they have the muscle

memory and and the discipline you know

Dirk um nisy may not be the most

talented guy in the NBA but his

discipline and his Focus to do what's

necessary to be successful he's willing

to do and combine it with being 7 feet

tall and being skilled you know makes

him an amazing basketball player so it's

it's understanding what your skill set

is finding the right place to use those

skills and then going for it you know

will that make you 250 Grand it depends

if you pick the right industry but

whatever industry you pick if you

outwork everybody if you try to be a

little smarter than everybody if you try

to be a better salesperson than

everybody if you try to be better

prepared than everybody you've got your

best chance because if you don't do it

and somebody else does you know I have

the saying work like someone's trying to

take it all away from you you know work

actually work like someone's spending 24

hours working 24 hours to take it all

away from you and and that's kind of the

way I look at

it you know I started my first business

when I was 12 I was buying and selling

um baseball cars buying and selling

stamps anything I could do to make money

I I was hustling and trying to do so I

was into business but I not so much

where it was all my friends were into it

with me so they wouldn't know baseball

cards yeah baseball cards you name it I

mean I grew up in Pittsburgh and so I

would probably even less than 12 years

old I would go out buy a bunch of

baseball cards that I collected and I

would package I would say okay you're

guaranteed to have a Pittsburgh Pirate

in this package and I would charge three

times as much and I'd set up on this

park bench down in the park down in

Scott Township where I grew up and um

I'd have these little sales and it was

great I made money and I I mean it was

you know and I learned as much about

business when I was 9 10 and 12 as I I

learned any other time let's transition

to a different subject with college you

went to IU right now you got a lot of

people that uh say forget about school

you know drop out of school so you think

they're ID tell me why um if you're

going to have and run a business if you

don't understand accounting you're

already behind the eightball can't you

hire a guy that's that knows that but

then they they still have to communicate

to you your accountant might tell you

you're profitable but your cash is going

down you know not understanding um a

breakdown and and when you don't do you

think you need college to learn that

yeah I think you do right because it it

may not for some people look if you're

so self-motivated that you can take an

online course and accounting and teach

yourself everything you're way ahead of

the game anyways but most people aren't

I don't care if you go to a community

college and take accounting and and

spend 99 bucks for the class just you

know spending the money forces you to be

more obligated to do it but accounting

Finance lesser extent Marketing sales if

the school offers that these are all the

that's the language of business and so

while it's possible to teach yourself

these things and while it's possible to

hire them when you're starting your own

company you don't want to have to spend

money hiring an

accountant well let me tell you that if

you've gone through all these classes

proba don't have to hire a lawyer to

incorporate right you probably figure

out yourself and so your cost of opening

up business drops but even more

important than all that that's that's

the blocking and tackling that's the

language of business you know the thing

I learned at Indiana that was more

important than anything else I learned

how to learn and learning became far

more important to me because the one

certainty in business is that it's

always going to be

changing if you're not always learning

if to this minute if if I'm not

continuously learning if I'm not just

absorbing as much as I can absorb

someone else is going to kick my ass

right so you're talking about paranoia

the the greatest source of your paranoia

should be knowledge if someone else

knows more than you do and if you're not

learning if you don't know learn if you

don't know how to learn if you don't

have a thirst for Learning and acquiring

information you're you're

so you're go so so do you think like

let's just say if we put 10 guys here

you interview them okay you could within

a 5 10 minut minute interview say this

dude's not going to make it as an

entrepreneur yeah I mean I can I can

typically tell right I can tell um but

by um their passion

I can tell by their focus I can tell by

their preparation you know there there's

a whole realm of things in any business

here you know here's here's the business

you're in and here's a thousand things

that influence whether or not you're

going to be successful you know through

my experience in businesses I can put

myself in his position and say okay here

are 900 of the thousand things he has to

be aware of and then go through and ask

and by how many of those or her um

issues they've been able to address

already that kind of gives me a sense of

how hard they're willing to work

you know and I can tell by the questions

they ask me so all I have to do is say

okay what do you want to know and you

know when they start saying what should

I do they ask you yeah you and that's

fine right and I want them to ask

questions but you know people like to

say you know the only stupid questions

are the one you don't ones you don't ask

and that's not right right because the

questions you ask tell me tell whoever

more about you than anything else you do

because in particular it tells me about

your preparation if you ask me questions

about just basic things that you should

have known and you should have down to a

science that's going to disqualify you

almost more than

anything do you think there needs to be

a healthy level of paranoid absolutely

there needs to be oh yeah I mean I

always say you know for every one of my

businesses I I say what would I do to

kick my own ass you right so whatever

business you have there's somebody

trying to put you out of business

there's somebody trying to to take a

bite out of your business and it's

better for you to figure out how they're

going to do it rather than they do it um

and so yeah that's being paranoid and so

you have to be paranoid you have to

participate other people's next moves

and you can't ever you know downplay the

competition um I was at a business plan

competition this morning for at a

college and they were kind of being

dismissive of the competition and it's

like you can't ever do that you know

they're out there trying to take you

down and they're not just going to sit

still and if you're good really really

good you're going to inspire them to

work even harder faster better and so

you have to be you know very self-aware

of what you're good at and what other

people are good at and you know a

healthy dose of paranoia makes a bit is

very

helpful um how does one entrepreneur

increase the speed in areas that they

can increase there's certain things you

can't control speed of growing your

business so how fast can I grow yeah I

mean it just depends you've got to know

your own skill set right and you've got

to know how that fits within your

company's life cycle um you know some

companies are slow slow grind and you

just have to understand that and you've

just got to AB buide your time and to it

till it starts to click and then grow

with it quickly you know if you're

trying to release a product that needs

to be ubiquitous you've got to go um as

fast as you can and and then you know

release a product a launch yeah and and

you know there there's a lot of people

will say you know Perfection is the

enemy of profitability right and that

doesn't mean you have to wait till it's

a perfect product it really just depends

on what the product is it you know a a

barber shop right is it an app is it um

a service is it a product but you know

the the key is looking for the lwh

hanging fruit what are the at what are

what customers are willing to write you

a check or commit to it you know so that

they're willing to integrated into their

daily lives or integrated into their

daily business and so getting a

commitment either through time or

revenue is typically what I look for and

so if I can get a commitment then I'm

I'm going to be able to learn I'm going

to see see how they use it do they

sustain usage and then once I get the

next one you know hopefully it came a

little bit faster than the first one

then I can ask for referrals and then

the next one then the next one and I

just Tred to ramp it up you know when I

bought the Mavs we we had no season

ticket holder base and so literally it

was a matter of just putting a list of

former season ticket holders in a white

pages back then you know on my desk next

to my phone and making phone calls you

yeah me yeah because if I'm not going to

do it how can I expect someone else to

do it right so just get on the phone hey

this is Mark C I'm the new owner of the

Dallas Mavericks you know I'd like to

invite you back it's not though this is

my business you we can't get regular

sales gets to something make those calls

once they get to a quarter you you're a

guy that's a billionaire you're making

those calls but that's all you know and

that's fine and good right because

everybody's got their own goals right

and but still I I don't want anybody at

the Mavs be able to say well he's not

willing to do the work right there's you

know if I walk around I'm picking up all

the papers I'm not saying go get that

picked up I'm like okay that's trash I'm

picking it up um so but in terms of

speed of growth it it's really you got

to get that first customer first and

then when you get that first what did

you learn reiterate get that next

customer and then hopefully as you learn

more and more through the process then

the next one the next one the next one

becomes com by even faster here's what

we do know life doesn't get any easier

it doesn't get more

forgiving we just get stronger and we

get more resilient one thing I've

noticed is that enthusiasm is common but

endurance is rare the race is not given

to the strong nor the Swift but it is

given to he that endureth Until the End

one thing I know is that we've all been

hit with a measure of adversity at some

point in our

life everybody listening to me has been

hit with a measure of trauma everybody

wants Destiny everybody wants

manifestation everybody wants

fulfillment everybody wants the next

level and the relationship and a higher

quality of living but nobody wants to

eliminate distractions nobody wants to

disappear for 3 months four months 6

months and and and eliminate all

distractions and get into a place where

you can focus on just you what if you

could just shut out every distraction

what if you could just shut out the

world for just a season and focus on you

a man is rewarded in public for what he

does in private it the the reason why

you don't see it the reason why it has

not manifested the reason why you are so

frustrated is because you have not been

willing to forsake all that you've been

called to forsake and to follow through

behind closed doors sure you can talk

about it sure you can plan it sure you

can write it down sure you can go to the

conference and hear about it you can

read about it but at some juncture you

have to disappear and put the work in

and come back and shock everybody that

doubted you some of you don't even

realize you have

unfinished business you need to go back

where you left off with A New

Perspective go back to the gym go back

to the drawing board go back to the

business go back to the relationship go

back to the burning building you have

unfinished business all you got to do

and show up with a new game plan and A

New Perspective you got UNF finish

business you have unfinished business

you got work to

do what

happens when your perspective your

perception diametrically opposes your

reality if you are going to give and

grow and evolve and attain and become

everything Rises and falls on your

viewpoint

perspective is everything let's go I

need you to hear me loud and clear how

you see this thing is everything you

cannot change the past but you can

change your perspective about it your

Viewpoint is your advantage your

Viewpoint is what changes the game

everybody wants increase and and

abundance and lifestyle change and new

zip codes and new area codes but you

only read once a week and you only work

out once or twice a month and see the

the reason why you don't have what it is

that you see the reason why what's in

your head is not in your hands it's not

your reality is because your perspective

opposes your potential you don't have it

because you don't see the value in it if

you believe you've been called to be the

Difference Maker the game changer the

disruptor the person that comes into a

room and commands the atmosphere if you

believe you've been called to be

necessary and not grossly irrelevant

then everything you do everything you

see everything Rises and falls on your

perspective your perception your

Viewpoint how do you see this

thing and see when we get into the

prison of fear because we have fallen in

an area fear has friends one of the

chief friends of fear is doubt and doubt

kills more dreams than failure ever will

there are people who have failed in

their head before they even reach the

field so I want to invite you to

renounce the spirit of

fear failure is the only opportunity to

begin again and if I'm talking to

anybody that's hungry for the future all

you need is an opportunity to try again

failing doesn't make you a

failure it's something you did it's not

who you

are and so one thing we are going to

have to get a crystal clear about is

that if I

failed then I can win I'm talking to

that football team I'm talking to that

baseball team that basketball team I'm

talking to that fighter I'm talking to

that track star I'm talking to that

athlete I'm talking to that student I'm

talking to the person who failed the

exam over and over and over again I'm

talking to that individual who feels as

though all hope is lost who feels as

though they gave it their all if you are

still alive you've got something left

Thomas Edison he was fired from his

first two

jobs his teachers coined

him

stupid that he couldn't learn anything

this is the man who invented the light

bulb the first thousand times he

failed but he was never a failure he

just found a thousand ways that don't

work you're no Thomas Edison you didn't

try a thousand times try a thousand

times and then come talk to me and tell

me you're not enough tell me you don't

have what it takes tell me you're stupid

tell me you're dumb tell me you're slow

tell me you don't have enough whatever

pushed you to the ground whatever

knocked you to the

floor from that

place I want you to look it in the

eye and tell

it tell that person tell that

circumstance tell that place tell

whatever it

is that knocked you to the

floor you can't keep me here if you're

going to understand the program of

resiliency we are going to have to stop

running from difficult times stop

praying that the storm will pass over

you and pray to grow through the storm

stop going around it go through it what

you go through you will grow through

some fights are not one in the first

round flat out and the moment that you

get that and you get crystal clear and

you accept the fact that there are some

Giants that you will not defeat in the

first round you need endurance you need

stamina to reach some goals you're not

going to hit the million with the first

investment you're not going to hit the

Home Run always at first

swing but resiliency says I belong here

and I deserve another shot I want my

opportunity give me my

opportunity spacex's lack of experience

$1.6 billion could compromise safy

testified against commercial space white

no I I I wish they would come and visit

and and see the hardware that would do

in Camp and and I think that would

change their mind you know those guys

are heroes of

Minds there are many more ways to fail

than to succeed for a rocket there's

like a thousand ways that thing can fail

and like one way it can work you can

have a lot of Rocket

failures the first

stage lift off the Falcon KN

[Applause]

rocket what I'm trying to do is is to

make a significant difference in space

flight and help make space flight

accessible to to almost anyone there

need to be reasons to get up in the

morning you know life can't just be

about solving problems otherwise what's

the point there's got to be things that

people find inspiring

um and make life worth living if

somebody is doing something that is

useful to the rest of society I think

that's a good thing like it doesn't have

to change the world like if you're doing

something that has high value to to

people um that's I mean I think that's

that's fine like stuff doesn't need to

be change the world just to be good

depending upon how well you want to do

particularly if you're starting a

company you need to work super hard and

I mean if you do the simple math say

like okay if somebody else is working 50

hours and you're working 100 you'll get

twice as much done in the course of a

year as the as uh the other company I am

somewhat impulsive and uh I don't really

want to try to adhere to some CEO

template a natural human tendency is

wishful thinking a challenge for

entrepreneurs is to say well what's the

difference between really believing in

your ideals and sticking to them versus

pursuing some unrealistic dream that is

a really difficult thing to to tell you

can you tell the difference between

those two things I think certainly uh

being focused on something that your

confident will have high value to

someone else um and just being really

rigorous in making that assessment I

think certainly extremely tenacious and

then just work like hell I mean you just

have to put in you know 80 hour 80 to

100 hour weeks every week I mean I think

it's it's like quite quite painful and

difficult all those things improve the

odds of success I came to the conclusion

that if if we can advance the knowledge

of the world if we can do things that

expand the scope and and and scale of

Consciousness then we're better able to

ask the right questions and become more

enlightened and and that's really the

only way forward that's

unreal space was hard and Rockets tend

to fail

unfortunately um and even when you've

got like a lot of really smart people

working super hard to minimize the

probability of failure it's still still

there and it's um and it's you know it's

it's quite significant you know people

have ask me like well why why a Rockets

you know especially hard um and and you

know part of it is like everything has

to work the the first time like there's

there's no you can't do a recall you

can't patch it it's got It's like 9

minutes to Orit or it's over you can

never test the rocket completely in the

environment that it's actually going to

experience you you can't fully recreate

something that's moving super fast in a

vacuum on the surface of Earth like you

can only really recreate that on in

space I mean it's I think it's it's like

quite quite painful and difficult

honestly um and it's it feels

terrible um uh but uh yeah I mean the

the company is sort of looking to you

know me to you know rally them and so I

do um but I honestly feel super bad so

what what does Super heart mean um well

when my brother and I were starting our

po company uh in instead of getting an

apartment we just rented a a small

office and we slept on the couch and we

we showered at the the YMCA and uh we're

we're so hot up we had just one computer

so the this the the website was up

during the day uh and I was coding at

night 7 days a week all the

time if other people are putting in

40-hour work weeks and you're putting

inhour work weeks then even if uh you're

doing the same thing you know that you

you will achieve in 4 months what it

takes them a year to

achieve when I was young I I

I didn't really know what I was going to

do when when I got older um people kept

asking me and and um but but then

eventually I thought that the idea of

inventing things would be would be

really cool and the reason I thought

that was because um I I read a quote

from arth C Clark which said that

sufficiently advanced technology is

indistinguishable from Magic and and

that's really true um if you think if

you go back say 300 years the things

that we take for granted today uh would

be you you'd be burned at the stake for

um you know being able to fly um that's

crazy uh being able to see over long

distances being able to communicate

having um effectively with the internet

a a a group mind of sorts um and having

access to all the world's information

instantly from almost anywhere on the

earth um this is this is stuff that that

really would be magic or would be

considered magic um in in times p in

fact I think it actually goes beyond

that because there are many things that

we take for granted today that weren't

even imagined in in times past they

weren't even in the realm of magic so it

actually goes goes beyond that so I

thought well you know if if I can do

some of those things basically if I can

advance technology then that that's like

magic and that would be really cool um

and the

the I was had sort of a slight

existential crisis cuz I was trying to

figure out what do does it all mean like

what's the purpose of things and um I

came to the conclusion that if if we can

advance the this this the knowledge of

the world if we can do things that

expand the scope and and and scale of

Consciousness then we're better able to

ask the right questions and become more

enlightened and and that's really the

only way

forward for for any given company just

can keep thinking about are these

efforts that people are are expending

are they result in a better product or

service and if they're not stop those

efforts um and then the final thing is

is is don't don't just follow the trend

you may have heard me say that it's good

to think in terms of the physics

approach for first principles uh which

is rather than reasoning by analogy you

boil things down to the most fundamental

truths you can imagine and you reason up

from there and this is a good way to

figure out if if if something really

makes sense or if it's just what

everybody else is doing it it's it's

hard to think that way you can't think

think that way about everything takes a

lot of effort uh but if you're trying to

do something new it's the best way to

think um and that framework was

developed by by physicists to figure out

counterintuitive things um like quantum

mechanics so it's really a powerful

powerful method I think the final thing

I would encourage you to do is now is

the time to take risk uh you don't have

yeah you don't you don't have you don't

have kids uh your obligation oh

s probably don't have kids um the the

the the uh but but as you as you get

older your obligations increase so you

and once you have a family you start

taking risk not just for yourself but

for your family as well it gets much

harder to uh do things that might not

work out um so now is the time to do

that uh before you before you have those

obligations so I would I would encourage

you to take risks now do something bold

um you won't regret it thank you not

everything in Silicon Valley or any

industry or life for that matter need be

portrayed as home runs or strikeouts

success or failure it's so ridiculous

that it's portrayed that way but it's

what sells newspapers so it's what you

read

about you can have an idea that doesn't

yield a better way to do your job or

your career but it changes your life and

what's that

worth marry the right

person the most successful people I know

are divorced and they tell me it wasn't

worth it don't do it don't sacrifice

your families hold your children up high

as your greatest inventions because they

are I invented something that many of

you use every day you don't know it it's

buried in the Enterprise but I know it

and I know how it feels and I'll tell

you it doesn't compare to every day

holding that one's happy and healthy

little

hand and by the way don't step on

anyone's neck to advance your cause

don't Sue anyone and try not to get sued

you'll sleep better at night I've never

been a party to a lawsuit in my

technology career and amen to

that my wife and I don't put work before

our daughter or each other engineers in

my company with similar families and I

have been together most of our

careers we don't waste time commuting to

offices we don't have each other over

for dinner we don't have holiday parties

we get it done and then we see our

families I believe you can hear the

siren Call in your lives without it

leading to you crashing against the

rocks and I think that's worth

sharing I agreed to join a nonprofit

board my primary school board and it

changed my life I learned about

parenting and education and philanthropy

and what motivates people the union of

concerned scientists just forecasted

that nearly 4,400 homes in Marin County

alone are going to be completely

underwater in less than 30 years due to

sea level rise so my generation your

generation we're going to have to do

something we're going to have to do

something for now I keep searching for

ideas like taking our daughter to school

on an electric tandem bicycle we count

the idling cars as we pass in traffic we

wave to them they used to wave to us but

we're getting a little Annoying now so

they kind of

just but it's

something it's something that we can

do maybe you'll have an idea about

attacking global warming or maybe you'll

have an idea about attacking poverty or

maybe you'll have an idea about

attacking truth and news reporting and

maybe you'll do none of those things

things but maybe you'll speak from your

heart authentically in front of the

person that you're going to Mar marry

and maybe you'll be

inspiring in an increasingly

unrecognizable world my career

trajectory should be recognizable to you

this means you can do what I've done you

can have this life you can be

happy in your career and your family and

if you want the world to know your name

well then I applaud you I really do the

world needs you and I'll wish you every

success if you're willing to sacrifice

it all bet it all blow out the

curve just remember my name as your

backup

plan do not go where the path may lead

go instead where there is no path and

leave a trail when you're getting ready

in the morning when you're working or

when you're simply looking to open your

mind download mindset and listen to your

fa inspirational speeches of all

time