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It Took Me 50+ Years to Realize What I'll Tell You in 14 Minutes

Smart Money Bro14:59

Transcription

You're waiting on everything around you to change, but guess what? Everything around you is going to change when you change. Your growth builds your character, but your growth also exposes the intent of other people around you. Guys, I don't want to sound like some super knowledgeable guru, right? But it took me 50 years to learn what I'm going to share with you in this quick video. And really, these are the things that helped me go from a poor child, poor teenager, poor adult to having a seven-figure net worth to today.

The first thing is this: your income has little to do with your outcomes. See, just because you make a lot of money, it doesn't mean that you have a lot of money. Because if you don't manage the money that you have, you won't have it. I know people that make six figures every year, but they're living paycheck to paycheck. And then I know people that don't make hardly any money every year, but they always seem to have money. See, the amount that you bring in doesn't mean as much as you think it does, because it's not about what you bring in, it's about what you spend. It's not about what you earn, it's about what you decide to burn based on your habits. See, everything that we have and get in this world while we're alive, all those things are simply passing through our hands. And so, our job is to manage everything that passes through our hands. This includes money, this includes people, this includes time. Anything that we that passes through our hands when we're here on this Earth, our job is to manage it well. And at some point, when we're talking about money, we want to manage it so well that we have some of it to pass along to the people behind us, the next generation. "Hey, I manage my money so well, here's $500,000 for you to use. Here's a million dollars for you to do something with," right? That's the goal. And that's really the purpose: to be good stewards over our finances, good stewards over our life. So please remember this principle: anything in life that you mismanage, you're going to lose it. No matter what it is, whether it's your health, your time, your friends, your relationship, your job, no matter what it is, if you don't manage it properly, you won't have it.

The second thing that I've learned over the last 50-plus years is that everybody has a gift. Everybody is born with a some type of purpose and gift or talent or and a assignment that they're supposed to deliver to the people of the world. And often times, your gift or your talent or your purpose or your assignment, often times that's not singing and dancing or being an athlete. It could be those things, but it could be all different types of things that we don't think about. And all of us are here for a reason. There's a purpose why you exist on this planet. And when you find out the purpose or whatever your assignment or gift is that that you're supposed to deliver to the people of the world, you're going to move different. You're going to be more confident. You're going to smile differently. You're going to interact with people differently. You're going to look different. You're going to wake up different. You're going to go to bed different. And see, your real wealth is somewhere inside of your gift. It's somewhere inside of your purpose, your talent, your assignment on the planet. And yeah, you know, passions are cool, and people always say, "I want to pursue my passion." But passion is for you. Your purpose and your gift and your talent and your assignment, that is for other people to enjoy. Your assignment and your gift is to benefit others. And here's the kicker: when you're working in your assignment and you're working in your purpose and you're fulfilling and utilizing your gift to help other people and to bring value to other people through your purpose, that's where your real wealth is going to come from, whether it's wealth in money or not in money.

And that takes me to another thing that I've learned and I've realized over 50 years is that real wealth is not just money. You can be wealthy in all different types of areas of life. You can be wealthy in a family. You can be wealthy in time. You can be wealthy in love. You can be wealthy in generosity. You can be wealthy in wisdom and common sense, right? You can be wealthy in some type of talent that you have. There's all different types of wealth. Wealth is just not measured by how much money you have, right? Money is not everything. Money is a nice tool. It's a tool, but it's not everything. There's more important things in this life than just money. And you don't have to have a lot of money to enjoy a lot of life. Being smart with money, bro, is knowing that money is not the most important thing, and money is not the only measure of wealth.

Now, another thing that I've learned over the last 50 years is this: you're going to make more money in your lifetime if you deliver more value to more people. Look, you help a hundred people, great. You're going to make a nice living, perhaps, right? But if you help 100 million people, you're going to make a fortune. Think bigger and deliver more value to more people. If you're watching this video and you've been wondering for a lot of your life, "How can I make more money? How can I build more wealth?" Here's the key: take your gift or your assignment or your purpose for being on the planet, take that and deliver it to 500 million people worldwide. Figure out a way to take that gift and that purpose and that assignment and deliver it to as many people as possible. If you can do that, you'll have more money than you can probably ever spend, and you'll have a measure of wealth, not just from all the money, but from actually helping a lot of people and delivering your purpose and your gift and your assignment to the people of the world.

Now, another thing that I learned over 50 years is don't waste time. Time is precious, right? The older you get, the faster time goes by. Part of that is because your spirit somehow understands and knows that your time is running out and mortality is closing in on you the older you get. So things go by quicker, or time feels like it goes by faster. So take your time more serious. It's precious. It's very important. And sometimes we kind of blow off our time and we don't think about it until time starts running out or when we can somehow sense that time is running short. Learn how to value that time when you believe you have plenty of it. But here's the kicker: we never know how much time we have on this planet. So use it wisely and be intentional with it.

Now, another thing that I've learned in more than 50 years is dealing with people is really hard. Listen, I believe that one of the most important things we can do is love other people. But listen, loving other people is one of the hardest things you can do. And I think that's why we're supposed to love other people, because it's very difficult. It may be the hardest thing you will ever do in your life, right? If you ever wonder why the manager on your job makes more money than you make on the job, it's because the manager has to deal with the people, and they've got to get everybody on board. Look, I'm a landlord, a property owner, and I rent property out to people. And one of the absolute hardest things to do, the hardest part, is dealing with the people. It's nothing to fix a toilet. It's nothing to change a lock. Those things are easy. But just imagine having to look a a single mom of with three children, look her in the eye and tell her, "Look, you're behind on your rent for three or four months. This may not be the place for you. Let's see what we can do about transitioning you out of this property and into another property," right? That's a hard conversation to have. So if you can learn to deal with people in a way that's helpful for people, you, and it's kind, and it's generous, and all that, that's a skill that will help you greatly in almost everything you do, right? If you agree with that, guys, and you know that dealing with people is difficult, the most difficult thing you'll do, drop me a comment below and give me sort of a high five and let me know that you can relate to that.

Now, another thing that I've learned along the way is that everybody has barriers in life. Everybody has these obstacles, and everybody has these things that they are that are hard to overcome for them. Everybody struggles with some things, plural, more than one. Nobody's perfect. Everybody has problems. I don't care if you're super rich or you're super poor, you still got problems. They may be different problems. You're not alone in whatever struggle that you're going through. There's other people going through a similar struggle as you, right? Some people are born with a whole lot of money. Some people are born with no money. Some people are born with two parents, mother and father, lovey-dovey household. Some people are born in a bathroom alone and in foster care from day one and adopted at age two. Look, people come from different situations and circumstances. No two people are starting the race in life at the same point, period. So here's the kicker: it's not where you start, it's where you end up. It's not where you begin, it's what do you do in the process of this life to get you to an end where you desire to be. The start is going to be different, so the outcomes are going to be different. We're all unique. But what are you going to do when you have the opportunities to get out there on that track and run the race of life? Run the race of money? Run the race of relationships? What are you going to do out there? And here's the kicker: we all start the race at a different spot, and we never know when our race is going to end. We don't know when our time is up. So you got to run your race. Focus on what you're doing. Help those around you who you can help, but run your race.

And that brings me to another thing that I've learned in 50 years, and that is you can't blame other people or other circumstances for how you decide to run your race. When you spend energy and time and effort blaming other people and circumstances around you and things you can't control, that's a loser strategy. Taking accountability and personal responsibility, those are your superpower. Because if you don't take responsibility about your race that you're running, and you decided to run, and you chose to run, when you don't take responsibility for that, you end up weak. You end up powerless. You end up helpless because you're waiting on everything around you to change. But guess what? Everything around you is going to change when you change. Personal responsibility is your superpower. Not taking personal responsibility is your kryptonite, your weakness. Yeah, we can recognize the struggles of things around us and the struggles of people and the circumstances that present themselves in life. We can look at all those things and recognize them, but don't put the blame on them. Look, what happens to you in your life is up to you. What happens to you in your life is your responsibility. It's not a popular thing to say nowadays because nowadays, a lot of people are looking to point the finger other places and other circumstances. Capitalism, inflation, the price of everything is going up, wages are stagnant, the president did this, the city council did that, my mother raised me this way, my father didn't give me this when I was little, and as a teenager I didn't have that when I was little, and I grew up in this situation, I grew up in that situation. Look, again, everybody starts at a different place. Everybody has an opportunity, though, to make decisions, make choices, run the race the way they choose to run the race. Slow down, speed up, go fast, go slow, get this education, don't get that education. Yeah, you're living in this situation, but how do you pull yourself out? Listen, we all have issues. We all have barriers. We all have problems. We all have obstacles. But the energy that you spend blaming other people and looking around to see whose fault it is is energy you could have spent on trying to win. Energy you could have spent on running the race harder or running the race smarter.

And another thing that I learned, guys, is that you cannot concern yourself with what you see other people doing and what you see other people having. You don't know the story behind their glory. You don't know the pain behind their gain, and you never know the issues behind their tissues. And so I've learned that when you see other people winning, cheer them on. Because when they're winning, it means it's a win for humanity. When they're losing, it's a loss for humanity. And we're all human. There's enough success out here for everybody. There's enough wealth and joy, fun times, good times, and winning out here for everybody. So I've just over the years developed a more abundant mindset. Ultimately, what I pour into your cup is is going to ultimately drip over to my cup. And so there's plenty out here for all of us.

Another thing I want to share with you guys, and I just thought about it, but I want to share this with you: everybody is not going to be interested in your success. The people who you thought would be on your side on the way up the mountain may not be by your side on the way up the mountain. They may be still back in the valley trying to pull you back down in the valley with them, or they may not be supporting you the way you thought they would be supporting you when you start winning with money or winning with life. Some people, people who you thought were going to show up, they won't show up. They won't be there. They won't congratulate you. They won't give you a good word. They won't pat you on the back. They won't tell you, "Good job." There are people that are around you right now who are secretly hoping and wishing for your downfall. I hate to say it like that, but I got to be honest with you. But listen, your growth builds your character, but your growth also exposes the intent of other people around you. People come into your life and they leave out of your life, and all of them don't have good intentions. This could be lifelong friends. This could be co-workers. This could be close relatives. Look, don't think that just because you grew up with somebody, you grew up with this cousin of yours, and you've been knowing them since you could even talk, don't think that they're automatically, just because you guys have been close for 30 or 40, 50 years, they're going to be on your side and pushing you and encouraging you and helping you. That's not how it works.

So listen, I just want to share some things that I've picked up and learned along the way about life and about money over the last 50 years. If you found value in this information, do me a small favor and just share it with somebody who you know. Maybe you got a network of people that you talk to and deal with, some friends, or maybe some young people, some older people, whoever. Share this information with somebody you know by copying the link and sending this video to them. And don't forget to smash the like button below and check out this video right here where I talk about nine life goals that you got to stop chasing after age 40. Until the next video, peace.