The Mindset of Self-Made Millionaires

that really is a mindset that can be developed by the way yeah this episode is all about a mindset well singularity of focus is a discipline look right there's Instagram it's Facebook there's YouTube there's I'm sure I write a book should I start a blog there are many priorities but singularity of focus says commit to one thing and do it better than anybody else and that's a discipline [Music] hey listen if you ever wondered what makes millionaires so dedicated so persistent and just so driven that's what we're gonna talk about today on this episode of the Empire podcast show I'm Craig Ballantyne and I'm bade rows cool Ian and welcome to the Empire podcast listen one of our most popular shows was about the habits of self-made millionaires now habits are different than mindset and recently you have been doing amazing inside looks with Jessie its allure Amanda Buchi Edie my lecture on Srivatsa and we've gotten some great information so I want to ask you and then I'm gonna share with myself what your biggest takeaway was so let's start with Jessie because Jessie Jessie insular is an amazing dude what was your number one takeaway from Jessie you know my number one takeaway from Jessie was to be unrealistic and it's a way that I've lived my life anyhow and in fact today I was emailing back and forth kasha you know what I'm gonna share this anyway we're fully transparent here but I was emailing back and forth with my editor from my publisher for my book man up right right and they sent us 200 copies of the advanced books you know that says hey this is this a galley proof yeah galley proof exactly it hasn't been completely proofed yet and immediately I found a typo on the very back page in the Lewis house testimonial guy and of course in the very first page and the preface I found a typo and that didn't sit well with me so I said hey just change these two and send me another 200 copies and said no no we don't do it that way and I said we'll do it I want it that way because I'm very specific and how I want things and she goes well it's gonna it's gonna take three weeks I said I need it faster she goes I need to only give you a realistic timeline and I sent her a long email very passionate email and I said Jennifer I need you to be unrealistic in your expectations because right now at this very moment there's a rocket with a Tesla being shipped off to Mars and I said Elon Musk is unrealistic and his expectations of putting a Tesla automobile on the planet Mars and so he could do that you can send me another 200 copies of my book speaking of Elon Musk let me just say I just was reading an article today they're building more Tesla's in a tent in a tent okay so it's like well we don't have a new factory we're gonna have to wait no we're gonna set up a tent because he's unrealistic now you just posted about that on your Instagram yes the other day and I loved it I loved it be unrealistic no rant about a little bit more well because what does that come from right so mom and dad raised us and they lived at a slower time and they were raised by their mom and dad who lived even in a slower time Worth right okay for modest means yeah modest means and of course their mom and dad came from the Great Depression when well what's realistic I mean realistic is having shoes where your toes were sticking out it realistic is having a piece of meat that big where their family six have to eat that once so they're idealisms of realism is different than now with technology and with opportunities in and with the ability to move faster and so we have to stop thinking the old-fashioned way of what mom and dad in the school system taught us would be why be realistic why not be unrealistic why not be unreasonable in your expectations so that you can achieve more do more in this limited amount of hundred years or so that we have of life on this planet absolutely absolutely so my biggest takeaway is similar to that from Jesse Tyler was do whatever it takes so my favorite story about him is he's you know early 20s he's trying to record a rap album he's bicycling on the Long Island Expressway at one o'clock two o'clock in the morning it's the only time he's you know it's 22 miles to get to the recording studio only time that they'll give him a recording studio time for free he does that then bikes back to go and work at his job at a kiddie pool I mean that that just is awesome and and that was just one of the many stories right but by the way those of you watching and listening to this if you don't know Jesse it's like the guy's a nut for one he's never been on a private jet and the first time he sees one he turns to his buddy and he goes I think they were like in there like early 30s or late 20s he go yeah we need to start a private jet company so we can we can be on these things right and he they literally pitch it to mark EJ and Mark no jet they were Marquis Jet they were yeah NetJets warren buffett's net Jeff exactly and it became Marquis Jets and the later was sold back to Warren Buffett yeah and then the guy goes and starts helped start Zico coconut water and sells it to coca-cola so when you think about two big empires that he's built and sold it's because he thinks at an unrealistic level now people around him probably think he's a fool he's crazy he's an idealist oh here he goes again but who gets the last laugh yeah absolutely here's another guy that's out amazing edy my let what did you learn from doing your inside look with him you know what ed might let is a very special person because the way he tells the story is unlike any other way and the way he told me at the very end the last thing I asked him was you know how do you want your life to look he goes look when I die and I go to heaven he goes the last thing I want to happen is forgot to go these are the expectations that I had you at this is where I wanted you to become but you were far from ever reaching your fullest potential so he says I have the obligation to strive more take more risks put in more effort to become the man the leader the entrepreneur the visionary the parent the father the spouse then I'm gonna be when I die right be chasing the best version yeah absolutely I thought that was profound man because no one if you start thinking of that like what if you meet your maker and he goes this is the blueprint I had of you but you only got this close ooh that's painful yeah it's you know everybody says I want to live up to my full potential but that's just so esoteric it doesn't mean much but when you when he phrased it that way it was just so great because the funny thing is I actually transcribed that one because I was going through it to ask him questions and I just when I saw that I copied and pasted it I saved that because it's just such a really great message now the lesson that I took from EDM I let and he know he said this to you as well is that when he gets knocked down he gets up faster than anybody else and so we all hear about you know yep get up when you get knocked down and you know you need to embrace failure and do that but there's one thing to like take failure and then you know I gotta take a couple weeks off here no he gets right up and you know moves into the next punch or whatever so that's another thing that I learned from him just move faster Jesse move fast ed move fast now let's talk about our friend Sharon's robot so yes what thunder did and fire did he drop to you I have actually stolen this phrase from him because I think he so eloquently shared it on the Empire podcast show when I interviewed him and that was singularity of focus got it right it is so important to have singularity of focus in other words I think it wasn't until the with the early 1900's that the word priority became priorities or maybe it's 1,400 s whatever it was well this idea was more recent actually was the last 40 years some used to be priority yeah you only had one priority and today when we talk about hey hey Craig what are your priorities what are your top three priority right for the next thirty minutes and so so often we focus on so many many things right we focus on so many priorities that when you look at focus what is focus to come on gathering clarity narrow focus and singularity of focus he says where was a single factor that helped take his company to 10x in five years from 300 million to three billion in sales and then he sold it so hey if that works for him it's gonna work for anybody else yeah absolutely the biggest thing that I took from Chiron was this focus as singularity of focus on systems and numbers I actually just spent all day Saturday with them and it was just amazing he was he was actually kind of frustrated he's like Craig I don't understand you know you have your gift and bedros has this gift I'm still searching for mine I'm like no you're just a machine you you are just able to turn everything into a machine he you know tied at one of our empire mastermind meetings one day and he just turned everybody's business into a machine and as soon as like you he asks you a couple questions and as soon as he gets the information he just spits out these numbers and systems and processes to make you more money really fast it's it's a hustle that really is a mindset that can be developed by the way yeah this episode is all about a mindset well singularity of focus is a discipline look right there's Instagram it's Facebook there's YouTube there's I'm sure I write a book should I start a blog there aren't many priorities but single arity of focus says commit to one thing and do it better than anybody else and that's a discipline the same thing with the numbers and the systems that he has yeah anyone can develop that skill and if you don't want to do it yourself in the long term you'll ultimately hire someone but it's the mindset of I have to run my business by the numbers and systems versus anything else yeah absolutely so we've been on there's some pretty hard stuff right now let's go to amanda booty what did you learn from that amazing amazing young woman you know she's such a nice young soul who just happened to be an empire builder at the same there's an empire builder and she's what 26 years old I think she's 24 25 okay so she always want to be on the under side that's true that's true ladies she's 21 yeah I think she's 21 but where Amanda Buchi is concerned the the biggest takeaway I got in addition to her relentless drive was that you never too young got so many of our listeners and viewers think that when I'm in my 30s is when I can really step up because Who am I to step up and ask a question of Grant Cardone ed my let Andy Priscilla write all these people listen why aren't you qualified you're young you're motivated you're driven age no longer becomes a number now is the time to do it if I can go back 20 years mmm I would have put in taking more risks put in more effort in my 20s but I waited to mature in my 30s and that's the biggest takeaway I got from Amanda man yeah that's awesome instead of hey you know what I'm young but I've got this old soul mentality then I'm gonna make make things happen awesome and my biggest takeaway I loved how she was telling you her story of Rhode Island this obviously it's too small I got to think bigger I learned about these people in California I'm gonna go with $100 in my pocket across the country get a waitressing job man that was just really really fantastic because again so many people think oh well this is where I live you know as soon as I leave they're gonna like hit the shock shock collar on me or something like no they're not I mean you have the freedom to move around the world around your country same with events man when people say hey I see you're coming to Dallas but you're not coming to Plano Texas sir you're not coming to Tupelo you know because whatever like the tree below but listen you don't don't ask people like hey one of you coming here and said say how can I get there right yeah that's the mindset all right what about little thinking what another little rant here where where are people thinking too small man I think where people are thinking too small is the amount of risk they should take I think people are trying to play it too safe there's still bubble wrapping things they're still there bubble wrapping their lives they're putting the Train leaving the training goes on a little too long and they're trying to alleviate risk but in the process what they're doing is they're constantly kicking the can of success down the road if they ever get to it I say take the risks now because there's never been a time in history that you could recover faster than today yeah I mean literally you and I could lose it all but just knowing what we know we can regain faster than we got it 15 years ago right because we have more resources and access to us than ever before so that's where the small thinking comes in today is you're not taking fast enough and big enough risks awesome so listen fast think big and go all-in right yeah absolutely awesome that's the mindset of the self-made millionaire multi millionaire and billionaire that we've had on these shows here at the Empire podcast thank you so much for joining us for another amazing episode of the Empire podcast now the greatest compliment that you can give to us is liking loving and sharing this episode with all of your friends so please go to iTunes and give us a five star rating and then share it online the social media with everyone that you know and make sure to tag us because we love hearing from Empire listeners and if you own a business that's doing half a million dollars or more in annual revenues and you know it's got massive potential and you like myself and Craig Ballantyne to help you scale it by 5 X 10 X and 20x and the shortest amount of time possible then you might be a great candidate for the Empire mastermind program that we have to learn more about the Empire mastermind program go to bedros : com forward slash Empire

Channel: Bedros Keuilian

Views: 194,010

Rating: 4.912313 out of 5

Keywords: empire, entrepreneur, business, success, wealth, money, advice, selling, income, sales, masterminds, marketing, goals, Bedros Keuilian, Craig Ballantyne, Amanda Bucci, Ed Mylett, Sharran Srivatsaa, Jesse Itzler, risks, business systems

Id: PN37d05MAhA

Length: 12min 36sec (756 seconds)

Published: Wed Aug 01 2018