- Seeking Wisdom.
Now, this book's backwards because the phone's flipped,
but that's what it says.
Seeking Wisdom.
And you know, somebody asked me,
how should you focus?
What should your daily routine be?
I'm gonna tell you this.
Depending on who you listen to,
you can get a whole bunch of advice.
You know, you can be healthy, you need to eat right,
get a six pack.
Other people will tell you that you need to pursue money.
Get your, you know, what do they say, secure your bag.
A lot of people will tell you that you gotta find love,
that's the most important thing.
Other people are gonna say happiness,
this is the most important thing.
But Confucius said,
"The man who chases two rabbits catches none."
And even though I'm a big fan
of going after health, wealth, love and happiness,
that's four things.
(laughs) The man who pursues four rabbits
definitely gets none.
Or a woman.
I dunno why Confucius said just men but, you know,
times have changed.
So I'll tell you what a friend told me.
Because if you're not careful in life,
you're ain't gonna get anything done.
Because there's too much to do.
If you're like me, you're busy.
You know, I'm just catching up here before I go to bed.
I wanted to record this video a while ago,
I'm just getting to it now.
I'm sure you're busy.
I have a friend named Alex and he said,
he came up with this term called the Atomic Use Case.
I said where the hell did you get that from?
He goes I dunno, I just made it up.
And I said what's the Atomic Use Case?
He said well, you basically focus on one thing,
and by doing it, everything else lines up.
Kinda like dominoes.
You push one, boom, boom, boom, boom, boom.
You just gotta push the one,
and the four all fall into place.
So what are the four things that fall, that you gotta...
Uh, what is the one thing you gotta focus on,
that all four of those will fall in place?
That you'll be healthy, that you'll have wealth,
that you'll have love, that you'll be happy.
You know, the good life.
All those things.
And maybe it's what this book is about.
Seeking Wisdom.
Wisdom is common sense,
and common sense isn't common anymore.
You see.
If you get wisdom, you'll know what to believe
about being healthy, because there's a lot
of diet fads out there.
You'll know what to believe about being wealthy,
because there's a lot of get-rich-quick schemes
that don't work.
There's some get-rich-quick ones that ain't too bad.
(laughs) You know, not get rich quick overnight,
those don't work.
But there's ones, I call them get rich quicker.
Most people are on a slow train,
they're gonna be rich when they're 153.
If you do the math.
That's the slow train.
You wanna be alive, so you don't wanna get rich quick,
but you do wanna get rich quicker.
And I'm not talking about everyone need
to be a billionaire, that's not practical.
But finding out your independence is achievable,
I believe, by everybody.
Depending on what countries you live in,
some countries are a little bit harder than others.
But if you're in a western country with democracy,
you should be able to pull it off.
Even though it's hard,
even though there's forces pulling against you.
If you've got that wisdom, that common sense.
Like I said, it isn't common.
You don't learn it in school.
What does Jim Rome say?
My favorite quote right now?
Formal education will make you a living,
but self-education can make you a fortune.
Think about what that means, the practicalities of that.
It basically means this.
That you go through the school system,
you go through the average upbringing.
I don't know how your upbringing with your parents were,
but curiosity is killed.
It's killed young, by parents telling you
to not ask so many questions
and just accept what they believe.
It's killed by the school system
that doesn't have time, or the curriculum for you.
And so what happens is,
curiosity's the precursor to wisdom.
You gotta be curious to be wise.
You gotta understand, it's kinda like a car.
If you wanna be wise about a car,
you could be able to flip the hood of a car,
look inside, and understand how the engine works.
Because if you don't have that,
any mechanic could tell you anything or rip you off.
And that's how most people's lives become.
They get ripped off because they don't understand
what's under the hood.
They don't understand how the engine works.
They don't understand psychology of people,
that's part of wisdom.
You gotta know how to read people.
They don't understand how economics work.
So they don't understand a little bit
about the stock market, you gotta know about real estate.
You know?
You gotta know about persuasion and sales,
because sometimes you're gonna have to show people
your side of the story and do it convincingly enough
that they believe you.
You know, part of the reason I've made some of my businesses
around online education, you know, I got 67 Steps,
and I got the online real estate,
and social media marketing agency,
and accelerator to teach you how to become an entrepreneur.
I got these different programs because I realized
it's not out there.
Unless you read a lot of books,
and most people don't have time to read books.
So it becomes very tricky in a modern world
to get this wisdom.
Because most people ain't wise,
most people don't take the time,
most people's curiosity has been killed.
So you've gotta revive it in yourself.
You know, I was with Grant Cardone earlier today,
and one of the things that stuck out in my mind,
he interviewed me on his Grant Cardone TV,
and he makes a lot of money there.
But one thing that stuck out is,
for you to be able to accomplish that, right,
he's a smart guy, but in his years, you know,
figuring out how to do that.
And for you, at the end of the day,
if you don't have common sense and wisdom,
you'll make a lot of money and you'll lose it.
Did you know the average person who wins the lottery
is broke five, six years later?
The average professional athlete.
You know, the NFL football?
(laughs) National Football League?
Next you call that Not For Long.
Meaning, the money you have,
you don't play long cause you get injured,
and you don't have your money long
because you don't know how to manage it and invest it.
So you gotta know what's under the hood of life.
You gotta know how to read people.
You gotta know a little bit about public speaking,
you gotta know a little bit about sales,
you gotta understand marketing.
Now in the modern world you gotta understand social media.
If you got an idea, how else you gonna read people?
Mark my words, the days of billboards,
the days of even TV advertisements,
or radio advertisements, yellow pages,
this is all disappearing.
I'm reaching you right now through social media.
Pow, right there.
And you can do the same thing when you have an idea,
when you got a business plan, when you have a product,
you wanna reach a lot of people.
But it's gonna take wisdom, because social media
isn't just a formula that you just go,
I'm gonna post something.
Millions, hundreds of millions of people post
and most people don't see it.
You gotta know how to stand out from the crowd,
that's understanding the cognitive biases
and understanding how to read people
and understand their personality types.
Not all people are the same.
There's probably, depending on which scientist you ask,
anywhere from 10 to 20 major personality types.
Archetypes, you could call them.
So again, that means you gotta do a little study.
And I'm not just talking about flip open a book
and answer questions and do a little quiz.
You know, if you're in college or high school,
or night school if you're an adult.
No, I'm talking about common sense ain't common.
Can you do the practical stuff, you know?
And a lot of it's simpler than we try to make it.
So yeah, this Charlie Munger book, Seeking Wisdom.
You know, I'll give you an example.
That's why the social media marketing program?
I close it, and I open it back up.
I close it, and I...
Part of wisdom is understanding
that most people ain't never gonna get with the program.
So what you're doing?
Don't make yourself one hundred percent available
to all people cause most people are fools,
and you don't wanna surround yourself with fools.
So I got that social media marketing program,
I'm like, I'll show you how you can do this
and make some money.
Full time, part time.
Got people making 10, 20,
I think a guy making fifty, sixty thousand.
You know?
Not everyone does that, obviously.
He's an exceptional case, but he's only 21.
Not that exceptional.
So I open it up and say who's really hungry?
Who's ready to learn?
And amazingly, even when I show results,
half the people, they're skeptical.
You know, because when you don't have common sense
you don't know when to be open minded
versus when to be pessimistic.
That's a balancing.
Sometimes you must be cynical,
but sometimes cynicism closes the doors on opportunities.
You know, people don't get that.
Sometimes cynicism closes the door on opportunity.
And sometimes it's wise to be cynical,
because you're about to be ripped off.
You gotta know how to discern and tell the difference.
That's common sense, aka wisdom.
I closed that program down,
some people are like, why can't I get in?
I closed the real estate one for six months,
people thought I was joking.
No, I did that on purpose because it separates.
It separates the hungry from the fakers.
People hungry to learn from the fakers.
And then once people graduate, I'll open up a few spots.
I think it's open right now.
Social media thing.
But I'm gonna close it back up,
and then people snooze, they lose.
You gotta know how to do that.
You gotta know how to probe and test.
Most of your problems will come from people,
even more than economics, and who's the president,
and recessions.
Those cause problems, don't get me wrong.
And weather causes problems, and hurricanes
and all of that.
Earthquakes.
But the majority of people's problems are getting along
and people exploiting you.
So that's another big thing.
That's one of the things that you learn
when you do social media.
You learn to read people
because you interact with a lot of people.
I get thousands and thousands of comments a day
across all my social media and emails.
And it's taught me, it's made me, I think,
have a little more common sense that I didn't have before.
So at the end of the day, your ability
to get health, wealth, love, happiness,
the four pillars of the good life,
come from the single-minded focus on wisdom.
And what is wisdom?
Well, it's the common sense
you get from being curious and observant.
And trying things, and not being afraid,
and not procrastinating, being fearful.
You know?
So I hope you find it.
I'm seeking it, I don't know, you know,
I stumble upon it at times.
Sometimes I'm wise and sometimes I'm a fool.
And hopefully, as you get a little experience,
the days where you're foolish are outnumbered
by the days that you're wise,
and you put a little common sense, you know.
Get out on a farm, too, get out of the city.
City will make you lose touch with reality.
Go take a hike, go camp.
You know, go take a boat out.
Fishing boat, out in the middle of the ocean.
Something to reconnect, get grounded.
And if you do these things,
the reward is you can get that health,
you can make money.
You know?
Get that health, wealth, love and happiness.
Those are the byproducts of that single-minded,
Atomic Use Case.
So, yeah.
Alright, talk to you soon.