Everyone Has to Compete and Now Everyone Is Mad

Everyone Has to Compete and Now Everyone Is Mad

If you don’t want to read it, you can watch this video.

The world is changing. Right now, everyone can compete but there are remnants of the old school. You know Jared Kushner, right. His father made a gift of $2.5 million to Harvard to get Jared in because he wasn’t academically eligible. There are people out here in life acting like they got to where they are based on merit. For a lot of people that’s true, but for a lot of people that is not true.

Where we are going in the world today, you are going to have to have skills and be able to compete. That is a big problem for a lot of people. That’s a huge problem for many people. People are shaking in their boots right now because they have to compete. There are people who are flipping out because they have to compete. They actually have to do the real work.

People are freaking out right now and it’s all about resources. When you’re not used to competing and now you have to compete, you’re calling stuff unfair. Let’s just be really clear. I love this country. I think the benefits and potential for you to do good things are everywhere. But, they’re covered up in hard work. They’re covered up in strategy. They’re covered up in connections. They’re covered up in the right education.

I’ll say this. The people with the most education will make the most money. The right education is not necessarily a college degree. That’s where people start to go crazy. Just going to school and getting a liberal arts degree can be foolish. Some people think that any college degree is good enough. The wrong degree can set your family back for decades.

So many people want the fruits, but they don’t want to compete. They don’t want to be reasonable. They don’t want to show up or put out. There are a lot of people with entitlement mindsets that don’t realize they have entitlement mindsets. What is wrong with asking someone you are paying money to, to show up on time.

If someone else is paying your check, you are on the team. That person is the quarterback. That person is the coach. That person is the team owner. You are part of a team. You are not “it.” That can be a problem with some creative people.

A lot of times you have all of these creative people who have core skills but they don’t have people skills or management skills. They don’t have marketing skills, but they’re trying to compete with one bullet in the gun.

You need to have your gun loaded. You need to have extra clips. You also need to go to the target range and practice.

People who inherit companies and then have to compete on a real playing field at some point tend to wilt, because they have never had to compete. When they did have to compete, there was always this huge financial cushion. For those people, even when things go bad, they don’t lose the house. They don’t lose the car. Their wife is not going to leave because you’re broke.

Competition is a battle for resources. If you think someone has an unfair advantage over you, it may make you angry, but the reality is you need to be competing. Now, how do you compete? How do you get ready for the next wave of money?

We’re going to have a recession. I don’t know when, but it’s coming. We have a bunch of people who do not know how to compete. They do not know how to start businesses. They do not know how to hustle. As long as they’re competing in a framework that supports what they like, they do alright. When the environment they work in disappears because of industry or economic changes, then they’re out of luck. You have a lot of that happening to employees.

What you have to do to get ready for this next wave of money is you have to consistently learn. You have to be a perpetual student. That’s what you have to do.

You can’t just sit on your skill sets and think they are going to carry you for the next 30, 40, or 50 years. It’s not happening anymore. Those days are over. The easy layups are over. Even if you know the right people and they have no confidence in you, you’re still not going to get put on.

You need to start reading every day. Read stuff that is not fun. Get up and read the news stories. Every morning I spend about an hour or an hour and a half going through the news stories. I’m very well informed.

Be intellectually curious. Start taking trips and go to countries you normally wouldn’t go to. Don’t go anywhere dangerous.

Another thing you have to do is to start opening up hustles and businesses asap. You don’t have as much time as you think you do to get this stuff going. If you spend 80 hours a moth watching YouTube, you need to do 80 hours of execution and cut your YouTube time to 10 hours. Your proportion of activity has to be much greater than your proportion of study.

In the next wave of money there is going to be so much opportunity to become rich. I’m going to give you an example of what I’m talking about. I’ll take myself. Right now, I have completely revamped my business. I have paid all of my debt. I have no long-term debt.

Interest rates are going to go up and inflation is coming. The government will only be able to do so much. They’ve just been kicking the stuff down the road. I thing this next recession is going to be beyond their control.

You need to get rid of as many liabilities as you can in the next 12 months. Let’s just say I’m wrong and this recession never happens and you have no debt and a bunch of money. When is that a bad thing? Never.

When you watch the news, you need to watch several different channels because they all have some spin. Some have more than others. If you read ten sources, you will come to a better understanding about what’s going on.

The fastest path to wealth is to start a successful business. A person who works hard and does the right things can become a millionaire in three to ten years. You don’t have enough cash to put in the market to flip it that fast.

You can become very wealthy in the market over 20 30, or 40 years. Let’s say you’re 70 years old and you’re ready to cash out and the market crashes. You’re screwed. So, for me, I am doing business building. I am not in the market. I am more comfortable with that level of risk. I have more control and I can see the returns much faster.

We’re going to have some economic chaos where some people are going to be 100% ass out. If you’re 50 and you don’t have it together now, chances are you’re screwed unless you really make a determined effort to change your life now. If you’re 35, you’ve still got some time. If you’re 25 and under, you’ve got plenty of time.

Once you learn how to compete you can make decisions that are appropriate for you. If you get complacent you’re dead. You always have to be pushing to get to the next goal.

If you like this, be sure to get on my email list for updates to live streams and special offers. Subscribe today!

Leave a Reply

Your email address will not be published. Required fields are marked *