Why Do People HATE Successful People?

I want to talk about why people hate successful people. But why do you think it is, Neil?

Because they buy their way out of a lot of stuff, and most people can't relate to successful people because they don't have the same financial balance as the successful people. The majority of the people in this world barely have any money in their bank account, which sucks.

My take on it is people hate successful people because successful people hold up a mirror to their inadequacy. And what I mean by that is, if you think about it, what does it take to become successful? Well, okay, to become successful, successful, you have to, you have to, you have to build something. Well, to build something, you have to work hard, right? You have to, you have to have added some value in some way, shape, or form. And all of those people, the vast majority of them have come from either not much or nothing at all. And they've built themselves all the way up. And Charlie Munger, rest in peace, used to always say that the world is driven by envy, not by greed. And people are always looking for the next level up, the next level up. And the crazy thing is, When we say, oh, we want a society of freedom, right? And oh, at the same time you want equality. You actually can't have both because those two things are at odds with each other. If you're going to be free, there's by default going to be inequality because the people that perform are going to move all the way up.

Yeah.

It's going to happen again. Let's say you lost all your money, right? You started tomorrow. The thing is you have all this experience and you're going to continue to just push and rebuild it all, right? And I've seen this happen time and time again. So, that's why I think people hate successful people. It's easy, it's easy to your point to hate on them. And it's easy to not take responsibility. And the vast majority of people in life sadly don't want to take responsibility. But because you're listening to this podcast, you like to take responsibility. So don't be like that.

Dude, being entrepreneur for 20+ years, I've seen a lot of people go from nothing to something. And when a lot of people had nothing, many of them hated the rich people because they couldn't relate. And they look at them, maybe they're envious, or maybe they just hate on them because they, they say, oh, they got all these things and they don't understand how it's like to struggle. But a lot of those rich people came from nothing. And then when some of these entrepreneurs who were hating on him started to make money and started having exits, their views started changing very rapidly. Oh, you know, they say that the rich don't pay taxes. Yes, there are rich people who don't pay tax and just borrow and buy a $300 million yacht when they should have paid taxes on that money. And I'm not saying they should have been able to get away with that, but there's a lot of rich people who have exited their company or make tons of cash on an annual basis and actually pay their fair share of taxes percentage-wise or whatever the tax bracket is. And they're not really using any crazy loopholes or anything like that. And then their viewpoints really change on life. But I think a lot of it has to do with people being envious and them seeing rich people get around the system and finding loopholes. And in some cases, I don't think it is fair what some of these wealthy people do, like borrowing money and buying a $300 million yacht.

Look, I just think it's a really idiotic move to hate successful people. Instead of hating successful people, think about what you can learn from them. And I think there's something you could learn from anyone. I think I think there's something you can learn from someone that's homeless. I think there's something you can learn from someone that's a billionaire. I think you can learn from your kids. I think you can learn from family. You can learn from everyone, right? And as long as you have that open mind, I don't think there's any reason to hate any type of people, whether they're successful or the color of their skin or whatever. That is what weak-minded people do. And you're not a weak-minded person, so don't do that.

I was at a mastermind this weekend.

You? Mastermind?

So my buddy had a mastermind. He's just like, hey, can you show up? And I was just bored. So I just popped on by and his office was really close. So one of the people in the mastermind, and I don't know if it was paid or not paid, I just know he had a group and he actually has an official mastermind, right, that he calls it. And you know, I'm not a fan of them, but I still showed up and I spent probably 3 hours with attendees.

How many attendees?

I don't know, it was small, maybe like 15. Okay, that's a good amount. So one person asked in there, Why do you attend these? What's in it for you? They're like, you're way more wealthier than we are. And I said, well, that's an assumption that I'm more wealthier. Maybe I'm not. But money aside, whether you have more money than me or less money than me or more experience than me or less experience, or you're older or younger, I believe I can learn from anyone. All right? So they're like, okay, fair point. So then they're all talking about different strategies. And one person taught me about a unique real estate strategy that could save me a few million bucks on taxes if I ever wanted to try and use it, right? I'm not saying I'm going to use it or anything like that. It's not necessarily directly related to my business, but what I'm getting at is you can learn something from anyone.

By the way, guys, a lot of people have said, well, you know, it's pretty stupid to pay, you know, $25,000 or $50,000 for a mastermind. But once you learn something like that, It pays for it, right?

Yeah, that pays for it.

You can justify it sometimes. LinkedIn ads are great, but let me give you the bad news first. The bad news is that you can't personalize the ads and you can't scale out the ads as quickly. The good news is if you're in the B2B space, you're doing account-based marketing, we have a solution for you called Karrot. That's K-A-R-R-O-T. And the good news is that you can create a lot of these campaigns with the click of a button. You can personalize the ads and there's a whole host of new things that are coming. If you want to get on the waitlist, Go to carrot.ai. Again, it's carrot.ai. And we'll see you on the other side. I think both Neil and I, we went to masterminds when we were younger. Neil was just bored this weekend, I guess. But I think try to milk as much as you can out of masterminds. But eventually, I think you'll probably grow out of it. I think there's a time and place for everything. The mastermind we do now is more of like a founder's retreat. So we're doing it in Cancun actually this year. So it's going to be next month or so. So it'll be fun. I think my— by the way, just to end on the mastermind note, if you go to a mastermind, you find a group of people you like within that mastermind, just form a little retreat of like 8 to 10 people or so. Maybe you can have like a core group and then just meet like once a year and you guys can rotate responsibilities and everyone just pays cost and you don't have to pay like $25,000 or $30,000. You just pay cost and it ends up being really cool. And you end up building lifelong friendships. So why would you not do that?

Yeah.

Goodbye guys. That's it for today. Go to marketingschool.io/agency if you want to grow your agency faster. And we'll see you tomorrow.