Seventh, transform the experience. In this episode, we are going through step number seven
of seven steps addressing the question. How to turn a negative experience into a positive outcome? This
is very powerful. I'm going to share a story with you about how I was able to do this and
how it blessed my life and I want you to learn from my experiences so that you don't have to go
through a long learning curve like I did. I want you to learn with a fast power curve. Get ready.
So, I'm Doug Andrew and I've helped teach thousands of people these concepts. In fact,
at the end of this episode, I want to gift you a copy of my 10th book called entitlement abolition
and also a 20-page document called the negative experience transformer that talks about all seven
steps. But if you're just coming into this episode because of how to transform negative experiences.
This is actually step number seven the last step and I would encourage you to watch the
first six steps that will give you a good setup for this last one to connect all of the dots.
So, here we go, I'm going to go into an explanation of how to transform the negative experience and
turn it into maybe intellectual capital. How to become maybe a best-selling author. I've helped
many people do this. So, in teaching audiences for more than 48 years. I've often seen people
in my audiences that they have experiences in their own lives and many times they just
sort of kept them to themselves or they shared them with close family or friends or whatever
and when they would tell me what they learned or how they overcame a challenge in their life. I'd go,
oh my heavens, do you know the world loves usefulness? They would pay you for your wisdom.
In other words, for a long time in the bookstores a lot of people now buy books of course,
the digital versions online. But in the bookstores you would have just aisles of the bright orange
and bright yellow books idiots, okay. Books this for idiots and this for dummies and I would look
at some of those and I think, oh my heavens, how elementary is this? But that's why they called it.
You know, blank for dummies, blank for idiots and they sold millions of dollars of those books and
I would tell my audience. You know what? You could be a better selling author providing more value
than all of those books for idiots and dummies. I can just give you a formula. In fact, in the fourth
step in this series I talked about one of those formulas to simply ask yourself. Why are other
people feeling confused, isolated, and powerless? Who were going through similar experiences or
setbacks or had an accident or diagnosed with cancer or multiple sclerosis whatever it is.
Whatever your negative experience is why are other people feeling confused isolated and powerless?
How can you deliver or provide clarity, confidence, and capability, that clears up the confusion,
isolationism, and powerlessness, as I taught in the fourth step. You do that by mustering up LRC. Now,
LRC is leadership, relationship, and creativity. That is the formula that I use whenever I write a book
or a white paper or do a radio show as I explain. So, there's a few tools that I developed a better
life circle a goal activator to begin to do this so that you can crystallize your thinking
and I'm going to give you an actual story of how I did this clear back in the 1990s. Even though it
took me 10 years to write my first book. So, in this white paper I go through and talk about how we are
really here on earth to be able to learn and then provide others. In other words, I'm a Christian,
as christ would say you wanna you wanna bear fruit. What does that mean? You want to be in motion
adding value in the world. Because if you do not do that God has no use for you and if you think
you're going to just sell home free no he says, no, you're going to be purged when you're bearing
fruit so that you can bear more fruit. You learn and go through experiences. I teach my kids and
grandkids don't beat yourself up. Don't take the victim roll. Don't be that clam on the bottom of
the ocean waiting for somebody to come and just give you something to eat or take care of you.
You need to react. You need to respond. See, the word responsibility means to respond
with all your ability and I teach him to do that and then that a higher power will make
up the difference and that has always happened for them and they appreciate those teachings.
We have an annual grandpa's camp with all of our grandchildren where we have them for a week
and we teach them these types of principles. Here is the first exercise and I'm going to
show you here at the end of the episode how you can have access to these it's called the goal
activator. So, if you have a goal to be able to to get this down in a video an audio or a book
you can set your goal here and many times as we hold different events we'll have people
put their goals down. Here's how to have a family bank established and have their trust
changed to equal opportunity rules of governance. Now, you don't know what that means but when
you claim your free copy of my book entitlement abolition you'll want one of these. Whenever
I talk about a family bank people go, "I don't know what it is but I want one", I assure you
you're going to want one. I have them fill out what inspired you to achieve the goal.
What positive motivation will keep you focused on this goal and what are the ideal results that
will be achieved when this goal is realized? So you're getting super clear on this goal of maybe
formulating a book an article, a blog, whatever you're doing. Doesn't have to be major. How do
you plan to accomplish the goal most effectively? What are the abundant minded support people
that you will want around you? Whenever I write a book I have someone who is interviewing me. I have
an editor, I have an illustrator, I just have all those people. I can write a book now in 36 hours
because I surround myself with that team and then the last is, what is the first action you're going
to take to have this implemented? So, that's the goal activator and it's one of my favorite tools.
The other one that I talk about in this white paper on how to transform negative experiences
into positive outcome is called the better life circle and this is very simple. You simply
write down the experience that you're now learning from you're transforming and you put it right here
and then the second step is you're writing down what was positive? What did you learn?
What went right and then what was negative? What went wrong? You can do this with any experience.
It doesn't have to be a bad one. So, as you fill out what went right, what went wrong, then you go
down to the bottom of the form and you're you're taking the transformation and as you come back
you're listening to specific action steps you would take the next time an experience like
this happens. The next time an accident happens you get laid off or you have a financial setback
or anything like that. I've had many many negative experiences and I'm going to share one with you
that because of what I just shared with you made all the difference in the world. But before doing
so, I want to recommend this. So, if this is helping you and you can think of somebody else who really
would benefit from this be sure and share click like but subscribe to this 3 dimensional wealth
channel. If you can't tell I'm very passionate about lifting others up and helping them see
opportunities instead of the challenges in life. This is what I want to do at the
end of this episode is gift you a copy of my tenth book called entitlement abolition
and it contains a lot of the ideas and tools that I share in this seven-step process and in
fact, you'll be able to get a 20 page white paper of the negative experience transformation process.
Because this is the last step, step number seven out of seven. So, subscribe and click the bell so
you'll be notified every time I post a new episode which I do almost on a daily basis.
Now, here's my story. I've actually had many negative experiences in my life but this is one
where I began to learn what I've been teaching in this series. Back in 1978 my wife and I
built our third home and it was this beautiful 6,400 square foot home located on a canyon rim
in central Utah. It was our dream home. It had cathedral bean wood deck ceilings and
a master bedroom deck where we could go out on the master bedroom deck and watch the deer and elk bed
down in the scrub below us. We loved this home and we actually built this home for about a
hundred and fifty thousand and the day we moved in it appraised for just over three hundred thousand
double what we built it for. Now, if you've read any of my financial books I've never paid a down
payment for any piece of real estate or any home I've ever acquired. I satisfy down payments but not
with my money. We didn't use any of our money but immediately we had 150,000 of equity in that home.
Because the house was worth double what we built it for back in 1978. Well, what happened in 1980
in America, do you know? Do you even remember if you're not as old as I am? We had an energy crisis
and we had a huge recession. In fact, in Houston Texas due to that oil shortage we had 16,000
homes got foreclosed on in Houston Texas. Now, 16,000 homeowners all of a sudden
didn't become bad people they just couldn't make their mortgage payments. They didn't have the
income or wherewithal. Well, that rippled throughout America and it ended up in Utah where I lived and
three things happened to us that we never dreamed would happen simultaneously. Long story short
a supervisor in the in the firm I work for was dishonest and embezzled some money
and while they were investigating him they froze three of our incomes my income and two other
colleagues for 9 months we had no income. They just froze all of our commissions and income
and I got behind on my mortgage. I fortunately had a duplex that I sold and I was able to take
the equity from that and bring my delinquent mortgage current and then I got behind again
and I sold a timeshare at a ski resort and brought the delinquent mortgage a current a
second time. But I didn't have any other resources and I got behind on my mortgage. Now, I learned
that when there is a lot of supply because there was a lot of homes on the market. It's a lot better
to have access to your equity. I had 150,000 of equity in that home but I couldn't get to it
because you cannot borrow. You can't go out and and borrow if you don't have the ability to repay.
So it's a lot better to have access to your equity in your property and not need it than need it and
not be able to get it. It's a lot better to have and not need than need to not have. Well, I didn't
realize that I didn't put in that down payment. But because the house was worth double I thought
I had the world by the tail. I could not access that money. My wife and I decided to sell and
we would build another home on a lot next door. We put that house on the market for 295,000.
We had a bona fide appraisal for 305,000 no takers. When there's more supply than demand you have to
lower the price and we lowered it down to 275, 265, 225, 195. Now, I will never forget the day my wife
and I walked into the county courthouse in Provo Utah and we watched that beautiful dream home
get foreclosed on. See, because that was a negative experience and my wife and I learned that equity
in the property doesn't mean anything but a number on a sheet of paper if you could not access it.
That's when I got the epiphany. What did I learn? By doing these exercises I learned real estate equity
is not liquid, it is not safe, your house can go down in value it's not safe in the property and it
does not earn a rate of return. It doesn't matter whether you are mortgaged to the hillary and clear.
If I separate the equity and keep it liquid safe earning a rate of return
now I'm in control not a mortgage company. We went out the next day and got another home
with no money down and no credit and I took that negative experience and I wrote a book about
it and I called it missed fortune because of the fortunes people miss out on when they simply don't
know what they don't know. I had critics who said, you lost all credibility as a financial advisor.
Sharing how you lost a home in foreclosure. It is the best story I have ever told.
Because America is built upon people overcoming obstacles, challenges, problems, negative experiences.
I took and capitalized it into a book with the formulas, I've been talking about
and it became a bestseller. I self-published then I got the attention of Time Warner. They gave me
a hundred thousand dollar advance. Then they gave me a million-dollar advance. Fast forward I have
written 12 books now. Sometimes I look at my wife and say, "Golly, look what happened since
we had that negative experience of losing our house in foreclosure? Let's go lose 20 more honey."
No, one was enough. But if I had chosen to just feel sorry for myself I'd still be regretting
the experience and feeling like a victim. No, you can transform and you can be an author. I have
helped many young people when they finally shared their story of how they overcame their addictions
to alcohol, drugs, pornography, whatever it is. They became best-selling authors because there are
thousands of other people that would like to know how you overcame what you did and so the
world loves usefulness and that's the secret behind this negative experience transformation.
The glow of calmness that will then pervade your mind the tingling sensation of an inflow
of new strength may be to you the beginning
of the revelation of the supreme calmness that is possible for you, William George
Jordan. So be sure and watch all seven steps on how to take a negative experience and turn it into a
positive outcome. But I promised I would gift you a copy of this book. So click below, go to entitlement
abolitionbook.com. You contribute a nominal amount towards the shipping and handling.
I'll cover the rest of that and I'll fire out a copy for you. But there's also options there to listen
and learn and watch and learn there's an 18-hour master class that you can invest in if you'd like
and there you will have access to 20 tools like the better life circle, the solution formulator,
the goal activator, the relationship breakthrough. These are powerful tools to be able to accomplish
what I've been talking about in this seven step series. So, here is to your brighter future.