Being Pulled Down By Others?
You're now listening to Hack and Grow Rich with Shaahin Cheyene and his co-host Bart Baggett. And you know, I learned this, you know during the Ecstasy days, like just you got to stop giving a. Like you just can't because people will on your entrepreneurial journey, bring you down whenever they can, A - because they want to get you on their level or below and B - because it makes you more relatable to them.
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.
Listen To Your Heart, Learn With Your Head
So I'll tell you one of the first things that I did. So once I made the pills and we got it into the hands of a few of these dealers. I decided that I was going to become a multi-million dollar company. I never thought we would break a billion dollars, but I thought hey, you know what, we're going to become huge and I thought one of the ways to do that was to license a picture of a famous person. So I walked in, I made a phone call. They said, what's the name of your company? I said, I just made it up on the spot. I said Global something or other and loved it. I got an appointment and I walked into this big Beverly Hills office. And it was a fancy office in those days and beginning of the 90s and it was, you know, the attorney that was representing this state of so-and-so. And the receptionist was this cute little Japanese girl in her cute little outfit. She brought me this little espresso with a little twist of something. Never had those before and put them on and I was like, this is amazing. And then the guy makes me wait about an hour right he calls me in and he's you know, the old school like, you know the agent guy. Yeah. Tell him it's what I could do for less than entire thousands.
Everything Is Possible Once The Attitude Is Right
You're now listening to Hack & Grow Rich with Shaahin Cheyenne and his co-host Bart Baggett. You know, when people look at you and they look at successes, they think oh, the road to success is easy and or it's not riddled with challenges or obstacles. And that's all it's riddled with and so much self-doubt. You brought it up at a perfect time so much self-doubt in the impossible all you heard was possible, but you took that on as a challenge whatever lit that fire under your butt to say, yeah I'll show them and a lot of great successes that I've had on the show were challenged that they couldn't do it, and they wanted to just show the world you're wrong, I'm right. I can do it. But you give such hope to any entrepreneur willing to hustle.
99% Genuine Effort, 1% Ingenuine Creativity For Success
And I am a huge fan of the law. I love law um and all things related to it and when I had started my first company and we can go into the story. You know, I created a billion dollars worth of revenue in my teens, creating this legal version of an illegal drug. And I remember there was a time when lawsuits were just flying and I didn't realize I thought you would have to wrong somebody to get a lawsuit. I was wrong because there were all these vulture lawyers. And this was at a time when the employment practices laws were coming into place. So there were all these people who I never met, who I had never had any transacting with, who were suing me. And I remember. And this kind of goes into my whole philosophy about hacking life.
What Doesn’t Kill You In Business Makes You Stronger
Buddy look, you can take your shots, call yourself a victim and fall into that victim mentality or you can reach down, grab your balls, get up and fight. You can do that. You can do that. You have a set of balls for a reason, so you can get up and you can fight. You can swing. You might get knocked down again and I did over and over again until one day I didn't anymore but you learn. You become tougher. What doesn't kill you, makes you stronger and it's that grit, that resilience, that ability to create this thick skin that makes you invincible. It's what made our ancestors invincible.
Applying 4 Key Principles To Scale Your Business Success
I think one of the things that we teach that's so important is that you have to have four pillars, four legs to any table and one of those legs has to be something that brings you stability. You have to have stability. Eventually, you want to get out of selling your hours, but it's okay to sell your hours for some time until you can get the other three pillars situated. So one thing's going to be your career, your job, whatever you're doing it doesn't matter.
Take Off The Significant Brands Of Competitors
I was strategic if I was Procter & Gamble or Johnson and Johnson. I'd be like hey, why do I want to wait for these aggregators to pick up these companies. For me to just come in and either A has another big behemoth come and compete with me that's got more brands and more successful than us. Why don't we go in and instead of offering them 10, I know the aggregators are offering a 10 time earning multiple why don't we just offer 15 and take any significant brands off the table now. What if that were to happen, wouldn't that be interesting? Where would that take the market?
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.
Developing Skills To Use The Power Of Influence
If you're able to influence somebody, money is just one way to influence people. It's the easiest way. If I want something that you have, I give you money. You give me that thing. Great, but he would point around wherever we were at a meeting he says everything around you has been sold, transferred from one person to the next, and not always with money in hand. So there are lots of different ways to be able to influence people so I learned at a very early age through his mentorship the art of influence.
Planning For Active And Passive Income
That’s cash flow positive real estate, great. More wealth is built in this country by real estate than than pretty much anything else right. You should have one one area of your business that’s you know in the stock market and then another area that pays you to work you know. If you’re still in the business of selling your hours which I know a lot of us have gotten out of but if you’re doing that and that’s the money that you’re bringing in for your rent, your family whatever that’s respectable. But you have those pillars.
Spot Your Moment Of Fortune
But as far as just you know entrepreneurship and business goes I mean like they say you know if there’s blood in the street buy real estate. Dude, there was blood in the street and a lot a lot of wealth was created and now like we’re in l.a like everything’s open. People aren’t wearing masks and stuff and you’re looking around and I’m like people are back to buying 7.50 lattes on the corner here and like it’s almost like nothing changed
Selling Your Story Or Products?
I think in general I’ll tell you the number one problem that most entrepreneurs have and that’s that they have the old way of thinking. Most entrepreneurs think to themselves dude I’m gonna Randy, I’m gonna go out there and create a better mousetrap and the world that’s going to beat its way to my door and quickly they learn that in this world of social media and all these types of things that nobody gives a that you have a better mousetrap.
Have Followers To Buy Into Your Ideas?
I think anyone that starts a movement of any significance must have been incredibly charismatic. I mean you look at the leaders around the world today, the Richard Bransons and even the Donald Trumps. Half the people were charmed by him. I mean half the united states really really got behind his version of what he thought was real and won in the election.
Right Person For The Right Goal…
When you see people you can only help them past a certain level where they’re at and if you pick people up too fast and too high, their little legs will be dangling and they will hate you for it and that happens a lot of the time when people help other people out and that person hasn’t asked for it. That person is at a different level and they they can’t comprehend that world that they’ve just been thrown into. So a lot of the times that’s that’s the reason why that happens.
Smart Money Management
So you don’t want to always be thinking that you’re poor. I think you did a great thing. When the lady is like that’s 28 so her world, in her reality was 28 dollars is a lot of money. You could tell by the emotion of her voice but you don’t want your son thinking that. You don’t want to think that because that gives you a stuckness about things. It’s like risking money in a real estate transaction or the stock market.