I want to talk to you about the best advice
ever that I heard this
weekend.
[MUSIC] So, here's what happened.
The kids have a sailing coach.
He does a team meeting every
day before the kids go out
sailing. On Sunday morning,
Coach Jeff talked to the kids.
So, he was coaching a total of 10
kids including mine.
And he said, "Sailing
is like everything in life." When you
see that somebody else
is faster, look
what they're doing.
Model it.
And then,
most probably,
you will be faster as well.
He said especially in sailing that
is true because think about it,
all the sail boats in this
regatta were exactly the same,
right? I mean, so the regatta was for a certain
class of boats.
The boats are called Club 420.
Quite interesting to call a boat for 420,
right? But that's a different story.
Anyhow, so,
all the boats have the exact same
measurements.
All the boats are pretty much exactly
the same. You cannot really modify
a lot on these boats because
there are class rules.
So, they have to all be the same.
So, this means that if a boat
is faster,
it's based on the sailors that
are sitting in this
boat. This is where Coach
Jeff said, "OK.
If you see that somebody is
faster than you,
pay close attention to what they
are doing.
Model it so that you can be
as fast as them." I think this
is tremendous advice.
It's also true in life.
I mean, it's not only in sailing.
Think about it.
If you see that somebody
is better than you,
then just watch
closely what he
or she is doing.
It's really interesting because many,
many years ago when I was still
stuck in a corporate job,
I remember that when I saw
successful people
and the lifestyle that they lived,
that I got jealous.
This is what happens to many people.
That you see successful people,
see that they are having a lot of money,
and then you're getting jealous.
However, this is when I learned,
you know what, instead of getting jealous,
it's kind of stupid...
What I should do instead is see
what they are doing,
study what they are doing,
model what they are doing,
and then I probably will have the
same success.
And this is true.
If you want to become a millionaire,
and you think like a millionaire,
and you act like a millionaire,
then I believe
you have a really good chance of becoming
a millionaire.
This was really interesting
this weekend. I don't know if
the teenagers really got
this. Some of them got it.
You see, my son,
Julius. He has been sailing for
quite a long time.
In this particular boat that he's
sailing right now, it is his fourth
year. So,
he participated in this regatta now for
the third time,
and he has always been following
or always been studying what
other successful sailors
in this regatta have been doing.
So, in this regard, there were,
I believe, 104
or 105 boats.
Now my son, Julius
and his skipper,
Lucy, they placed ninth.
So, in the top 10.
This is tremendous,
right? But how did they get there?
Not right away,
right?
But first of all,
by looking at what other successful
sailors do and then of course,
having a coach.
And Jeff is an awesome sailing
coach because he encourages
the people to... the people...
[laughs] the kids
to get better every time.
So, this is another thing that I feel is
very beneficial to us
as traders
and in general, in life.
So, every night they had a debrief
meeting. So, when they came off the water,
Jeff said, "So,
what went well?
What could you improve?
What mistakes did you make today that
you don't want to make tomorrow?" Because
let's face it, we all make mistakes,
and we need to learn from our mistakes so
that we don't repeat them over,
and over,
and over.
I think that this
was the best advice ever given,
saying you know what, if you see that
somebody is better than you,
watch closely what he
or she is doing,
model it so that you can
become better.
I wanted to share this
with you, and right now,
as you can see, I'm back in my studio
so I will do these videos
more regularly.
What I'll do right now is catch
up on a few e-mails
and then I'll write
up the newsletter for you,
and later today,
I'll also do a quick market update
so that you know what's been going on in the
markets.
I know that some of you have been
writing me and saying,
"Hey what about the daily
stock market updates?
Where are they?" And yes,
they're back. And I am now in my studio
again in Austin,
Texas.
So, now I have more videos
for you. OK. Hope that helps.
This was a short video about the
best advice ever given.
I believe that this is one of the best advices
ever given is if you want
to get better,
find what the successful people do,
and then model it.
Learn from your mistakes.
So, every night, that's what the
kids did, right?
Write down
and talk about what went well
and what you can do better the next day.
This is actually the key to happiness.
Making progress.
No matter where you are in life.
I mean,
most people are happy when they're
making progress
and they're unhappy when they're not
making progress.
And I'm the same way.
I always want to make progress
and I believe this is a shortcut to
making progress. Anyhow,
thanks for watching.
Hope this helps.
If it does, please like it,
share it with a friend who might benefit
from this. Like this page
and hit this little bell
so that you get notified whenever I'm
going live
or whenever I post the new video.
I'll talk to you very soon.
Click on like
and leave a comment
and let me know what you think.
And make sure to subscribe to this channel
to get new videos automatically.