Fundamentals – Food, Clothes And Shelter – Eternal Cash Cows

You're now listening to Hack & Grow Rich with Shaahin Cheyene and his co-host Bart Baggett. Cash flow positive real estate. I know you're in Canada. Canada is in a boom right now with real estate. Yeah, but you need to learn about real estate and get some involvement, some exposure. To real estate, that's producing cash flow. People will always need shelter, always need shelters like food and water. People will always need shelter and you in the long term will create wealth doing that.

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The Art Of Failing To Win Big…

I think, in general, this is an unpopular view. Not everybody is meant to be entrepreneurial. Some people are better off working for other people. Yeah, the fact is, when you ask people, you know, you ask wealthy people, successful people. Why are you successful? They will invariably come back to say I'm passionate about what I do. Ask Mark Zuckerberg. Why why? Why did you succeed and all these other people? I'm passionate about social media. I'm passionate about this. It's really. This Scott Adams says in his book, how to fail at almost everything and still win big. It's something. Yeah, I love that book. I love it. It's a great book. And I, you know, he talks about this and the fact is most people are going to fail.

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Nothing Succeeds Like Success In Life

You're now listening to Hack & Grow Rich with Shaahin Cheyene and his co-host Bart Baggett. There's another story where while I was you know, living in these abandoned buildings and on the beach and all these places, I managed to get myself a job at a copy place, at a Kinkos copy. It was at the time and I remember we were in the back. I was making photocopies for Scientology because that's it was right next to the Scientology building. Yeah, they would have these like, billionaire contracts that they made. People sign and like there was all this paperwork and I'd be like send the copy machines. I was a kid and I remember that I had this boss who was like this evil man like he was like the monopoly guy. He was like you know, he had this like a cat and a cane and a mustache and all this stuff and I would sleep behind the copy machine because it had a nice droning hum. It was warm back there and I could sleep for a few hours so during my shift. I would set the papers, the contracts to print and I would fall asleep behind the copy machine. Didn't think much of it, but one day I woke up and like to a kick in my side and like his like cane and he's like standing on something beating me behind the machine and me looking going hey, what the man and you know, him like kicking me out. I didn't get my paycheck, right? Mind you, I was sleeping in wherever I could sleep. I didn't have money for food. He wouldn't give me my paycheck.

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Being Stoic When Down, Being Stoic When Up

You're now listening to Hack & Grow Rich with Shaahin Cheyene and his co-host Bart Baggett. My dad worked at a pizza shop and then he worked at a dry cleaner for nearly 30 years. And we never bought new clothes. I hadn't been to a restaurant until I was 15. And you know, then one of the rich kids at school invited me over and I remember going, wait for a second, explain to me how this works again. This guy is going to come and give me a piece of paper and I can pick a hamburger and he will bring it to me. Like, I was like, yeah, get whatever you want. I got my dad's card. I said what? What do you mean? Did you get your dad's? I go, wait. He's like just get anything you want. I'm like, "so I can get a hamburger and the pasta. I can get both of those and he's going to bring them to me." I was like you must be bullshitting. I don't believe you. And you know, that was my level of sophistication. At that time. I had no, we didn't buy new clothes. It was when customers would come and somebody would look cool, we would just cross our fingers and hope they would skip out on their bill. So my dad would keep their clothes and somehow it would trickle down to us. All our clothes were like two-three sizes too big for us.

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Developing Perspective For Life Through Difficult Times

started as an adolescent in Iran at five. I was born in Iran. We moved to Los Angeles eventually as refugees. We were political refugees when we moved here and solidly poor here. In Iran, we were well to do. Here, we were poor and we managed somehow to buy a house in an up-and-coming neighborhood an Enclave of Los Angeles called Pacific Palisades, which at the time was more hippie than up-and-coming. And my folks managed to buy a house that was an absolute disaster of a house in those days. And pretty soon around us, I saw huge houses going up. I saw great wealth coming in. It was the Reaganomics era trickle-down economics wall street wealth. Hollywood was at an all-time high. All this money was coming in but I was still the poor son of a dry cleaner. The kids growing up around me their folks had Mercedes Benzes. They would go out to restaurants.

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Tough Times Don’t Last, Tough People Do

I was 15 years old thinking I want to find wealth, fortune all the great things that America offers. Books were my friends. I read books by Napoleon Hill, books by Og Mandino, all the great old-time writers of that time. I read Tony Robbins and Wayne Dyer and all the personal development guys. This other guy is named Stuart Wilde. I read his books and I thought, man, you know what? I'm gonna leave home and I left home. I left and I was sleeping at that time in abandoned buildings or buildings that were under construction. Los Angeles was in a huge building boom at that time. So I realized that I could get into these buildings late at night when the brokers weren't in there, wake up in the morning before they got there and I'd be out and I'd be living in luxury houses, maybe there wasn't electricity or water in those days in some of the places because they weren't built yet but it was a safe place to lay my head and after that, I realized that there was a big electronic music scene.

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Converting Your Ideas Into Billion Dollar Brands

At that time, Richard, there was a drug called Ecstasy or MDMA, one of the most popular drugs. It was outlawed in the United States. It was scheduled, I believe sometime in 1983- 1985, sometime in the 80s. Ecstasy was banned. It went underground, was made illegal and what happened was that this particular drug was very difficult to synthesize. So the supply mostly came from outside the US, Europe and because of the whole Reagan say no to drugs era, you know, the Nancy Reagan say no to drugs period. They were cracking down and the supply had dried up. They had put a stop to drugs coming into the United States. The drug dealers were out of drugs and the people who wanted them couldn't get them. So there was a huge demand but very little supply.

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Decoding The “Be The Doctor” Syndrome In Life

How do I get that? They laughed and they said, well, you know son, what all immigrant families want for their kids is the pinnacle height of success than we could ever reach. To be a doctor. Dad thought for a minute. And he said the only way is to become a doctor. You have to go become a doctor. Look at Mr. Rafsanjani down the street. He is a doctor. He has beans, he has a house, be like him. All right, cool. Let's do that. I want to be a doctor. How do you be a doctor? It's nice. You have to cut people up. You get money, you get all that. And then I looked at the dude, and I was like, man, that dude is bald, that dude is fat. He is a bundle of nerves.

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Shut Out The Shit – On Your Rails Toward Success

You've gotta have swiftness. You have to have efficiency. You have to be able to be okay with confrontation. You have to be okay having thick skin. You have to be okay in your case having trolls. Some people are going to hate you. Some people are not going to like you. It doesn't matter. You have to be on rails moving towards the destination and the best way to do that is as you've very well discovered my friend is by not taking it seriously.

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Do What It Takes To Learn Your Business Art

We talk about in my book Billion, how I became king of the throw pill cult - a three-step plan, which feeds in nicely to this and it's something a friend of mine Wayne Boss taught us, which is knowledge, courage, and action. When you are faced with a problem, a challenge, a project that needs to be undertaken, you need to know. Knowledge can be bought, knowledge can be borrowed, knowledge can be stolen, knowledge can be rented. Okay, in my case, I went out there, I rented it, I talked to people. I didn't have money, but I convinced them to give me that knowledge.

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Thinking Out of The Box Or Crushing The Box?

Most CEOs that are where they're at, we tend to think that people that are CEOs are these people that have gone to school and done you know the things by the book and they come out like this no and I teach this all the time to my students, my students in my amazon course is that those guys are the smartest in the room for a reason and that reason is not that they've played by the rules. The reason is they didn't think outside the box. They crushed the box. These are real next-level thinkers.

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Authenticity Is The New Competitive Edge

Look, all this stuff that we're talking about is formulaic. There's a formula to persuasion, there's a formula to influence there's a formula to sales, but there's no formula for being a real person, there's no formula for authenticity. And at the end of the day, nothing sells better. I don't care what it is pills, houses, cars, than just being an authentic person.

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Doing A Job Or Creating Jobs? Become An Amazon Entrepreneur

Just so you guys know you don't have to spend any money to start an Amazon business. To launch your business on amazon we teach you how to get reviews, how to get your product rank, how to find a product. The number one problem that people have on amazon, they're like dude I want to sell on amazon. I see everyone's making money. I hear the stories. I watch the videos but I just don't have a product and I tell people that's the best place to be. Just so you guys know you don't have to spend any money to start an Amazon business, to launch your business on Amazon. We teach you how to get reviews, how to get your product ranked how to.

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Planning Earn Outs Beyond Cash

I always tell people to look, if you can take cash off the table as much cash as you can get, my recommendation for amazon sellers is, if you get aggregators or if you get into a position where you can create a bidding war bidding frenzy like happens with a lot of our companies and brands that we sell.

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Can You Get Things Done?

There are two major themes that I picked up. There is the adaptability theme and I love this. This is so key for negotiation as well. Um, it's really important to plan and prepare and have everything done and build your fundamental skill set and all that kind of stuff. But if you're not adaptable, it's the way that the negotiation moves and shapes, then you'll lose out on a lot of value.

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