- Millionaire mindset wealth principal number 12.
Wealth principal number 12.
Think pragmatic not idealistic.
This is actually probably one of the most important ones
out of all the other ones.
They're all important.
These are two chickens having conversations.
Stop being so negative.
Well, a real optimist would have said be positive.
Stop being so negative.
Be positive.
Always remember Murphy's Law.
Whatever can go wrong will go wrong.
It will go wrong at the worst possible time.
It will go wrong on the worst component.
It all be remembered that it is your fucking fault.
Murphy's Law.
One of our mentees, no one name,
he's experiencing this right now as we speak.
Project failed, Revenue Canada chasing his ass,
all happening at the same time.
All at the same time.
Murphy's Law.
That's why you wanna be pragmatic.
I'm not so much into the positive thinking.
I believe in negative preparation.
Write this down, negative preparation.
There are few a types of people in this world.
Those that make things happen,
those who watch things happen,
and those who wonder what the hell just happened.
And I believe there's a fourth type
and that is those who anticipate what may happen
and act before it does.
Those who anticipate.
You wanna be the fourth type.
Menial attitude, aggressive anticipation,
anticipatory response to threats,
political, regulatory, and legal competitive or internal.
Remember I said on my desk on my wall I have three things.
What could go wrong?
What don't I know?
What don't I see?
I'll say it again.
What could go wrong?
What don't I know?
What don't I see?
If you are thinking oh nothing will go wrong,
I guarantee you, you're gonna have a visit from Murphy
very soon.
He will knock on your door at the worst time possible.
Possible.
So prepare.
Prepare.
Take two minutes, not long, just discuss.
Then we'll wrap it up.
(mumbles) what have I shared so far.
Give them a high five and say thank you for sharing.
(audience mumbles)
I've got about maybe another 10 minutes, is that okay?
Ten minutes?
Actually I didn't realize it,
I never counted the slides.
When I counted the slides it's like a hundred
and some odd slides.
I'm lucky if I do two minute things, two minutes each slide,
it's like 200 some odd minutes.
That's a long time.
Next time I'll know.
Next time I know.
I just wanna pack in so much as working on the slides.
Are you getting value?
- [Audience] Yeah.
- Thank you.
Good.
- [Desmond] You mind if I just interrupt for a sec?
- Go to the back with a mic so we can hear.
- My name is Desmond Sood.
I'm 38 years old.
I've had businesses.
I've invested half a million
and I've lost half a million.
That wasn't enough.
I invested another half million, lost another half million.
Borrowed from the Yakuza,
lost their money,
had them chase after me.
Had to come home back to Vancouver
and I met Dan just over a year ago
and I had a lot of pride, I had a lot of ego
that I was not ready to put down.
But when I did, and I came around to talk to Dan,
he really opened some amazing doors for me.
So last week, I'd just like to point out and
give some recognition to D.J.
If you guys were here at the last event,
who was here, raise your hand.
When Dan talked about how to sell high ticket items.
I don't know if you guys realize how much effort,
how much time Dan puts into this.
I talk to him on a daily basis
and I don't where the fuck he finds the time
to do all of this
let alone only charge $30 for this.
If you guys ever went to any of the gurus,
you'd be spending in the thousands of dollars for this
so I think it's just appropriate for all of us to
give a very warm round of applause to Dan Lok
for the amount of effort he puts into this.
(audience applause)
I'm not joking guys.
Like Victoria, many of the inner circle mentees
understand how much time Dan puts into this.
I don't think, no offense to any of you,
I don't think any of you could set up a presentation
as eloquent as this and have the energy from
two, three o'clock in the afternoon to just keep going
nonstop talking and just having such bang, bang, bang, bang
positive effect.
Dan I just quickly wanna wrap up with this guys.
You know, many people have been coming up to me
because they see us wearing these badges
and a couple of the mentees here
and they're asking how can we get more time with Dan.
So on his website, danlok.com, I highly encourage you
to go take a look at that site.
You just have to type Dan and it probably pops up
on the first page of Google
'cause he's the 50 million page guy.
Look up Dan Lok,
look up the mentorship program that's there.
This is where the rubber meets the road.
I've been talking to several of the mentees
and Hassan and some of the other mentees that are here
and it's about that.
If you really wanna take yourself to the next level
don't just come here.
Show Dan your appreciation, show him that you're serious.
If there's something that you wanna get accomplished
in your business, in your life, in the company you work at,
you don't have to be an entrepreneur.
You can just be a top achiever.
Reach out to Dan.
Let him know your story.
Let him know your why and I'm pretty sure that Dan
will spend the time with you because he did that with me
and in one one hour phone call, my sales doubled.
That's a true story.
Literally, one hour phone call,
everything I'd been doing my whole life,
Dan just picked it out, what was my mistakes,
advised me, and I got on the phone,
I implemented, and boom, my sales doubled.
So, thank you Dan.
Appreciate it.
(audience applause)
- If you have other questions, you can talk to Desmond.
He runs my inner circle program.
So, there are four types of people.
We talked about that.
How many of you know that there's a chance
we might have an earthquake?
Okay.
And you know that if being pragmatic,
not idealistic, you know if there does happen to be
an earthquake in British Coumbia,
what happens to Richmond?
- [Audience Member] It goes underwater.
- What happens to Richmond?
It's gone.
Why?
Because, Gary why?
- [Gary] It's below sea level.
- Below sea level and also what?
The soil as well, right?
So if you're not idealistic,
you are prepared and you think ahead,
you probably don't want to buy a house in Richmond.
And yet, how many people buy their homes in Richmond?
Just think about it.
They're all thinking, it's not gonna happen.
I'll take my chances.
It just needs to happen only once.
It's like why would you buy a home,
it makes no sense.
It's not even a question of what
it's a question of when.
And you know it's overdue, right?
So why would you do that?
So if you think in terms, don't buy in Richmond
if you know what might happen.
Don't do it.
If you're like me, I kinda think a few steps ahead.
I have my Canadian passport.
I have my Hong Kong citizenship
as well as my Hong Kong passport.
I told Jenny if anything happens shit,
I'm buying a plane ticket, I'm going to Hong Kong.
But seriously, I've got a place in Hong Kong,
got a place in Taiwan, you're thinking ahead.
What could go wrong?
If it does go wrong, what's my backup plan?
And it's actually funny, my drawer, I have this bag
with the passport and some cash, my card,
and all this important stuff.
I said Jenny, if anything happens,
we grab this bag and we can go.
That's being prepared.
Is it gonna happen?
Maybe not.
Better to be prepared than sorry, yes?
Can be the same philosophy in your business.
A very interesting autobiography.
Chapter one, I walked down the street.
There's a deep whole in the sidewalk.
I fall in.
I am lost.
I am helpless.
It isn't my fault.
It takes forever to find a way out.
I walk down the same street.
There's a deep hole in the sidewalk.
I pretend I do not see it.
I fall in again.
I can't believe I'm in this same place.
But it isn't my fault.
It still takes a long time to get out.
I walk down the same street.
There's a deep hole in the sidewalk.
I see it is there.
I fall in.
It is a habit.
But my eyes are open.
I know where I am.
It is my fault.
I get out immediately.
I walk down the same street.
There is a deep hole in the sidewalk.
I walk around it.
Chapter five, I walk down a different street.
(audience laughs)
I walk down a different street.
So, better to be prepared than sorry.
So what we'll go round next?
Something to think about within your business.
Your advertising.
Your traffic source will stop working anytime.
You favorite media will be taken away from you.
Your products will be knocked off.
People will copy your stuff.
Your customers will be pursued by new competitors.
Your competitors will bad mouth you.
Your customers preferences will change.
Your best employees will leave.
Your life-long friend or relatives
will stab you in the back.
Your business partner will steal from you.
Your brand will be hijacked by somebody else
and they will sue you for it, right Andre?
Talk to the trademark expert.
Your key vendor will go out of business without warning.
Your investments will go bad.
Well that's a very negative view of the world.
It's not negative, it's reality.
These things has happened to me.
Basically all of them
at one point or the other in my business career.
Am I loud enough?
So, when I'm telling you something,
I was joking, I forgot with who.
I was talking with one of my mentees.
I think it was Spencer.
I said, "You know, Spencer, I have couple mentees
"that fucked me over."
I have. I have.
One particular mentee, I'm not gonna name a name.
I made him a lot of money.
We were in business together.
I put his kid through college.
He bought the house because of money made
from us doing together
and he fucked me over hard.
Like he stabbed me in the back at the worst time.
When this kind of stuff happens to you,
you're a little bit more pragmatic.
So, it's like I trust that in case something happens,
I wanna be okay.
At that time, it hurts me a lot,
not just financially but emotionally.
Why would he do something like that to me?
People are people.
So don't think it won't happen to you.
It will.
- [Narrator] Ten times your finances.
Ten times your business.
Ten times your marketing.
Ten times your life.
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