Episode #663 - Eavesdropping on Success & the Journey to Personal Growth with Larry Weidel

Welcome to this edition of the Million Dollar Mastermind podcast. This is where we pick the brains of high achievers from all walks of life and get their hard earned real world insights on winning. I'm your host, Larry Wydell.

Hello, listeners.

Thanks for joining us. My name is Joe McGlinchey. I'm one of the producers for Million Dollar Mastermind and I'll be helping host a special edition with Larry today. Hi, Larry.

Hey, how you doing, Joe?

All good? All good, thank you. As always, listeners, we'll delve deep into Larry's unique background and give you the chance to gain some insights on winning. Join us on the introspective journey as we explore the transformative journey that took Larry from being on food stamps to earning millions every single year. So, Larry, one of the things as a fan of podcasting is we always want to know that kind of spider bite. The moment that got you into podcasting, what was your first introduction to it?

Podcasting? Yes. Well, I talked to so many. This is outgrowth of what I do most of the time, which is talk to people that in my business, you know, and my business is winning, growth, compounding, entrepreneur, that type thing. So I'm talking to the financial services, I'm talking to people that run things. As you get over the years, you still have the same amount of time, but you have more and more successful people that you wind up spending your time talking to because hopefully the people you're talking to are more and more successful. And so. And then there's more and more people that wish they had your time and the time of the person you're talking to, and they would just love the eavesdrop and all of this. I'll tell you, the spider bite moment was when I was coming up and I would go to conventions and manager meetings and at the break when we all would, you know, you're in a big hotel somewhere or whatever, then you go to the restaurant where they are, but everybody would look and see where the big people were. And if they couldn't get at that table, which you probably couldn't, is you wanted to get close so you could eavesdrop on what they were saying. You know, you always wanted to hear what the big guys are talking about. And usually it's nothing, but anyway. And so that was the genesis of this idea of there's a lot of interest in eavesdropping. And then the other thing that I had learned along the way, that the secret, if there is a secret of success or the secret that leads you to all of the other secrets, I don't know if I've ever heard anyone say that, but that's how I would say it. The secret that leads you to the real millions of secrets that you need to know to be successful, because you have all kinds of different things you do. One secret is not going to work and everything. And so the big secret is spending time listening to people who are already at the point you want to be, or they're much closer than you are. You know, the people are already up the ladder. They've traveled the road, they've made the experiments. And it's the root of it, Joe, is that trial and error is the greatest teacher. Unfortunately, the tuition is too high. If you want to become a brain surgeon on trial and error, there's going to be a lot of dead bodies along the way before you figure out what you should be doing. So if you can piggyback off of the trial and error of other people, now, that's the sweet spot right there. You can benefit from all of their experiences because people who are successful have made a ton of mistakes. And if they're telling you, you know, here's how you do this, here's how you look at that, it's because they probably tried 14 other ways and got their nose bloodied. And so you're always happy to talk about what you finally figured out works. And rarely do you find people that want to hang on to their secrets. Where you enjoy other people going out there doing stupid things and all. No, you want to save. You know, it's fun to save them problems. And so usually you get straight answers, but you've got to get the straight answers from people who know what they're talking about, because they've tried a lot of different things. And also usually they're really good at explaining it because they've had to sort it through in their own mind. And what's funny about stuff is that usually the wrong thing can appear. Well, often, let's say the wrong choice can appear to be exactly what you need to do. It's like, exactly not what you're supposed to do. And so it's easy to fall into these manholes, these holes in the road. And so if you're looking out for people that are coming on behind you, it makes you feel good, you know, it's a good thing. Have you ever done fox hunting?

Not fox hunting. I've done deer hunting, though.

Yeah. Okay, well, fox hunting, you're on the horses, you have the hounds, and you always have people coming behind You. And so they have where the hole. You know, where the. How you beware. It's like where the hole where the. You're always bewaring people of dangers, you know, where the fence. And so that's kind of what it is when you have people asking you questions about how to come up a ladder. You. You like to warn them and like to show them the tricks. And the good thing is it helps you remind yourself of all this stuff because it's easy to kind of stuff to fade in the background with mentors.

Like Yankees baseball legend Robert or Bullet Bog Turley. And yeah, your company's founder, Art Williams. I'm sure your next answers to my questions will be amazing and entertaining. Who is the most impressive speaker? And like you've listened to, you obviously mentioned conferences there. Is anybody really straight for you? You were like, wow, that guy can talk and talk for days.

Well, in my world, we all can talk and talk for days, you know, so you have to be, you know, like. Bob Curry was an interesting talker, but that wasn't the main thing. He was. He was interesting talker because he's an interesting person and he knew a lot of stuff. Art Williams is an interesting speaker because he's so incredibly motivated. He can get anybody believe they can do anything, Anything. And he's very motivating to listen to. If he's talking to Congress, I promise you, if he spoke to Congress, they'd be jumping up and down and ready to join the war in Iraq, Ukraine themselves. But he's just very motivating and he's good at creating a bond. You know, you feel like you're a part of something and you feel like he's speaking to you. So Art's really good. But Art can be terrible too, you know, I mean, he could have his moments because I can remember early on I'd bring him over to speak, do some recruiting meetings for me every three weeks. You knew it was going to be great. But sometimes it take him 45 minutes to warm up because he'd had a busy day. He had to drive across Atlanta to come into the meeting, doing me a big favor. And so it kind of. His head was full of things. He's worn out. But after about 45 minutes, I would always sit off to the side and I could see whenever he went up on his toes, it's like a plane flapping the wings, you know, ready for liftoff. You're like, here we go. But from there on it would be just mind blowing. So great speakers come in all kind of packages. But the thing is can they tell you how they useful? And so over the years I've found that it's almost impossible for me to listen to anybody speak unless they're funny. If they're funny, okay, I'll listen. But other than that I've just heard so many great speakers all my life and I haven't really thought about who is the greatest speaker. But it's guys like that. It's people have something to say and there's people who can speak to you and they're not worried about themselves.

A certain style of proven winners.

Yeah, right.

And then in your normal day to day life food you'd be listening to most as your go to concierge or two.

There's a thing that happens where I'm talking to my staff and colleagues is much you learn. You're probably this point. Yeah. After a certain point you've got the fundamentals, you've heard everything 400 different ways. And so you. Most of the things that I learn on a daily basis is from my own staff or colleagues where we're working on projects and we got problems to solve. And so you're in a situation, it's like you throw your best energy at it. Most of the time you come up with great solutions and everything. But when you get stuck hearing that other voice of people that are like minded, educated in what you're doing, understand the project. I mean you don't. You can get great ideas from anybody. And so in fact it's kind of amazing. In fact, we were building the financial services organization. You have so many decisions to make. So a rapid fire all day long. It gets exhausting, you know, to come up with all these things. And so I reached the point because I always found out they would make the team would push a program or an idea much harder if it was their idea rather than yours. You know, if you're Moses come down from the mountain, the manager is really in for a lot of trouble. Who thinks if Moses come down from the mountain, solve every problem, here's what we're going to do. You know, it's like, well that's great. But if you can get the team involved in coming up with a solution, even if it's not as great a plan, they'll probably get better results because it's. They feel ownership of it, you know. So I reached the point where I would just go with. I took, I said okay, from now on it's my job to spot the problems and tell you guys about the problems. And you're wanting to advance and one day get up to my position anyway, so you need to be thinking like this. And so what I'm going to do is I'm going to tell you what I see coming. And if we don't make an adjustment or a change or an improvement, we're going to stall out. We need to do something. I don't know what it is. What do you guys think? And usually you come up with this. And I, it almost would always say the dumbest guy in the room could come up with the best idea. So it doesn't matter really where the ideas come from. It matters that you're getting them. So at this stage, I learned so much from the people around me or, and especially if I'm getting coaching in outside areas, you know, like recreational type things or professional things. I'm into photography, I'm into painting, I'm into recreation and skiing. I used to be cycling until I had that accident. But I still have all the ski coaches and my buddies and, and so just talking to those people that do coaching all the time and they're competing is where I get a lot of ideas and a lot of things keep you on the road, but you got to, if you're going to say stay sharp and keep getting sharper, you got to be trying to do stuff. I mean, you got to have goals and you got to have big goals and stuff that's bigger than you really know how to do. Because if you know how to do it easy, it's going to be boring for you. And so it's like that's why people climb bigger mountains, so they can learn new things, see different things, push themselves, develop, and it's a great thing, it's not a bad thing. Normal people think you're a lunatic and you're selfish and you're wrong. You should be satisfied. Satisfied. Well, you should be satisfied, but that doesn't mean you shouldn't be pushing it forward. Because using what you've got to do bigger and better things, why not do something greater? You know, that's where all the things we have that we enjoy in life came from. Somebody who says, why couldn't that be better? Somebody didn't want to cook in the heat in the summer, came up with air conditioning, wanted something better, thank goodness. And so it's great because when you solve these problems, usually you come up with solutions and it benefits a whole, a bunch of people far beyond what you were thinking the impact would be.

Larry, I think a lot of people talk about having Coaches and mentors during your like, formative time of your life, do you feel it's important to have one throughout, even towards your latter years, like, or just grab as much as possible early on and then use it?

Yeah, if you're trying to do something new and you're trying to do something different that you don't have, especially if you don't have the fundamentals as much and all. But I tell you what you do is as you're successful, you develop colleagues around you, put teams together, people who know how to do things at elite level, and none of us know everything. But you find that you need coaching, you need input, you need other eyes and ears, but it doesn't have to be a professional. You know, the thing I'm not, I haven't seen personally the benefits, success or whatever of a life coach, because a life coach, what have they done? You know, if I get a life coach, I want somebody give me coaching on getting a particular thing done. And they've got a particular mountain of experience, years, 30 years of working on such and so, and so they know where all the people are, where, you know the publications are, where the retail outlets that sell the equipment. You need the best places in the world, usually anything where you're dealing the best in the world. There's just a few places where you can get the best of the best of the best, you know, but like shooting, you know, we go to wing shooting. I've done wing shooting over Pheasant and Scotland, England, Ireland, and we go over, we always go over there to the Holland and Holland store and the few stores in there to where Purdy's in London and I'll visit all the stores, get all of our equipment and then we go. Because those stores aren't everywhere, especially they have the selection. So maybe now online and online is great, but it's better when you go see it in person, pick it up. But yeah, it's hard to find at a high level if you're just starting out. Any old life coach will probably do. You know, it's just like kindergarten. Any teacher in the school can teach you basic math, probably, or spelling or something like that, but when you get more advanced, you want people that have been there and done things and the more input keeps you sharper. And the one comforting thing is there's nothing new under the sun. So probably whatever you're struggling with, somebody's figured it out and they're out there, but you got to go look for them or find them on the Internet or YouTube or somewhere. But I don't think in terms of, I do think you need coaching, I think you need input. And I think for the point of stretching, it's just like why a bodybuilder has got to lift heavier and heavier weights if they're going to stretch their muscles and get bigger, develop. And if you're going to be a runner, you have to run longer distances if you're going to develop your endurance. And that's why the Tour de France cyclists cycle during the offseason. That's why they also go on the day off. You know, they 176 kilometers straight uphill, like two or three days in a row and then they have a day off. What do they do? They go a 45 mile run ride.

Relentless.

Yeah. And just to keep the fluid circulating. So if you're going to grow, you got to stretch yourself. And that's true mentally and could be reading books, could be listening to tapes, could be friends, but you're going to get a lot of coaching from just reading. And so, yeah, definitely. Otherwise, you know what, you go stale. You grow in every area of your life. And dying is gradual process. You go, you start to counter, lose momentum, lose the thrill, lose the enthusiasm, and then you start going. And so the way you counter out at that is you have bigger fun things to go after something you haven't done before. And that takes a little effort, but it adds so much to your life here that you're, it's your fault if you go into just survival or existence mode now. If you had, you know, recovering from surgery or your business went bankrupt and you had no, it was just either your fault or someone else fault, you got to recover from that, get back in your feet. Sure, you're in survival mode, but you can't stay in survival mode. You got to fight your way back up the ladder and go after great things or you're going to be a dud. I don't care if you're not going after something great, you're going to be a darn dud. And you're not going to be any fun to be around. You're not going to be fun to be around for yourself. And so it's, you're an interesting person if you got an interesting life and if you're trying to do it, you know, you've done interesting things and you're in the process of doing interesting things. What do you got to look forward to next year after that? And so that's where I think is that's how I think as far as coaching input and whatever, you need more input if you're going to keep doing new things, bigger things, Absolutely.

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Notes.

As one of our producers obviously the podcast Larry I get to see a lot of the pain stuck to the sea. Seen stuff like for example, discovering a lot of our listeners are around 35 to 45 mark. Similar to myself, I'm a self stated fan of the podcast obviously as well. So they're probably at that critical point in their lives where it's really about the growth. You know, where are they going next? Are they going to become a leader in their current company, start off on a journey of their own through an entrepreneurial group or whatever they so choose to do. Do you have any advice specifically for those younger professionals especially? Burn in mind. A lot of them usually are trying to balance enjoying a good life at the same time as having a family all in mind together.

Well, every situation is different, but what I would say is maximize where you are. As soon as you reach the top of where you are, new doors can open. It doesn't mean you leave your company, but new doors can open and then maybe you'll start your own company. But you got to maximize it. And when I say maximize, I don't know what that means, but take advantage of every possibility, every contact, every question you can ask, everything you can learn every new skill. They need volunteers for things. You can get it in your schedule, kind of fill up your life with things you haven't done before. Meeting new people, going new places. I would say get options on the table. That's what I would say at as I was coming up because that's what I did. I was like and I followed my natural curiosity. Joe. That's almost become a cliche with me now because I say it so much, but it's like follow the darn breadcrumbs and I could give you long Stories about that. It's like if something's out there and you want to what's that all about? Go check it out. Go check it out and find out what it's all about. And then see like, well, if that's true, I wonder if this is true. I want to go check that out. Well, what you find is a lot of time. Finding the great job, the great opportunity where you're supposed to be is like a treasure hunt almost. But there'll be like four or five, six or seven stages along the way. One thing leads to another and I kind of think that's like an elimination process. You see how serious you are about doing something to see if you will follow up. But if you're going to be an entrepreneur, let me just talk to you. You're going to be a different person, okay? Listen to me. You're going to be different because most of these dumb asses will not do anything. They will not pick. I mean, you can have a million dollars rolled up into a cigar. All they got to do is pick that up and stick it in a bot. Now they're a millionaire. They're too lazy to pick it up. What I'm saying is just like you say, if they say, joe, I got a thing, it works magic. But if you will drink one glass of water every Monday at 10am Your life will change. I can't tell you how, I can't tell you why. But I'll promise you, you drink glass of water 10am Every Monday, you say, and if you see other people doing it, it's working for them. See, still won't do it. It's just people will not do. I mean, you can have. I mean, there was a guy in North Carolina at the camera shop. I bought stuff up and he's up there, he had a, you know, his wrist he wrapped up and there's something arm with her. And I said, what the crap under you? Energy, whatever. And I said, well, you know, down about three, four blocks from here is a guy's a miracle worker with injuries on things like that. I go see him all the time, you know, he's Rolfing. And I said, these guys work differently with undoing knots in your body and tendons and get you loosen up. And right now I wouldn't be doing anything I'm doing without the last 20 years of ralphing. So anyway, I said, you know, he's down on the street over here. And he said, oh yeah. He said, I've seen his car. He's got a tag that Says Rolf on it. And I always wondered what that was. I said, that's him. That's. That's his house. He said, I try buy that every day. And I said, well, stop in, give him a call, here's his number, and let him at least look at it, see if I can never did. And he drives by it every darn day. And I can tell you story after story, and you can tell them to me, too. But if you're going to be Mr. Future entrepreneur superstar, do something great in your life. You're a different person. You're the kind of person that does stuff, and when you see something that allow you to get ahead, you do it. You make the effort to meet. That's so and so's other. That person can help you. You find a way to meet them. You find a way to get in. You find a way. You figure it out. You figure out things so you can do things. But anyway, that's what I. That's some of what I would say if you're working around me, but that's why people. And I'll tell you this in all honesty, it's just me, but I've had to work, I've had to dig all this stuff out of the earth. And so when people talk to me about how you do this, how you do that, I just tell them what works for me. And it's amazing how many people around me, I mean, they're like, just by being around without even thinking about it because they kind of soak it all up. And so when you get in these winning patterns and you stay on the attack, man, good things can happen. But the main thing is you follow up on all these things so you can improve every area of your life. You know, you can improve, get better. Because if I'm going to be making three, four, five times the money, I've got to be three or four or five times better. It might take a little bit more out of me. I get this. I got to be better at scheduling. I can be better with people. I can't get as mad about this, that and the other. I've got to get better and I've got to develop my skill sets and so stay on the attack like that. But like, just in the obvious things, if you're not going to get taken advantage of, the obvious things, the stuff that's right behind the obvious things will never appear to you. And that's why you follow the breadcrumbs so you can see what's next.

Not too much time spent thinking what if or what's coming next or should I choose different paths? Just staying true to purpose.

Right.

So obviously, Larry, something I obviously like.

To do when I'm talking to people.

Is obviously get to know them. Helps a wee bit. On your website I was having really nosy and I discovered obviously you spent some of your formative years traveling the world with your parents. This led you to Tuscany where you fell in love with art. Do you think that type of life led to any other aspects of your life that have been really influential or helped you really with what your passions are today?

I think for me, yes. But I will say that not every dependent, military dependent has that impact. I just with my personality and how I was set up. My brother, you know, he's. I don't. Or my sister, I don't think it had that kind of impact on them. I know a lot of people or I know a few people from that era that I knew over in Italy and whatever and they did pretty well and everything. But what it. I don't think it necessarily impacts you the same way. I think it's incredibly positive for kids to get those kind of exposures, to get past provincialism, where they don't think where we went looking at leaves many years ago up in Vermont and stopped in this little store and I was talking to the girl behind there and I said, well, where is this town Wilford? And she said, oh, it's five miles down there. And I said, is it worth going to? Is a pretty scenery down there. She goes, I don't know, I've never been. She'd grown up in this town five miles from Wilford. There's only one road, you know, in Vermont there's not a lot of roads crisscrossing and going in this way. You know, you go north and south, you and occasionally got an east and west road, but not a lot of places she could have gone if she got out down. She never made it five miles south down to Wilford. And so that's why a lot of people are. They just never go anywhere, do anything. So you cannot have a real well rounded view. Plus you can't believe what's possible. I guess the great thing about getting exposed to things like that is to see what is possible, see how people do live, people do these things. My attitudes are not the only way to look at situations. And so it does make you more flexible, makes you more open. And for me I think it was mind blowing the experiences that happened because I was in that situation, but not for everybody, not for everybody, it's not going to be automatic, have that kind of impact. But it's. The thing is, at least you have the chance for it to have an impact if you're there. And so anyway, I think it was awesome.

And it can impact you in other ways, maybe personally rather than professionally sometimes as well. For me personally, as listeners can hear, I'm Irish, like many Irish people, I've lived abroad. Follow that. What would you call it, the path where you're just going seeking things almost. And that didn't necessarily shape my professional life, but it certainly affected me as like a father and in a personal capacity. Do you feel like that's kind of helped you and your kind of. Obviously your father yourself. So, Larry, has that helped make you who you are as far as a professional father, or is it a bit of difference?

Yeah, absolutely. Because again, with possibilities and options, automatically limit yourself to. I'm always going to be here, I'm always going to do this. You're aware of all the multitude of options that are out there. And when you start thinking about where you want to live, you start, sky's the limit. You know, you live anywhere. It's just a matter, you know, relocate there, make the contacts and whatever. And it's just like, what will get you excited? Because when you have limited exposures, you don't. It's like, well, I got to get myself excited about milking the cows. You know, this. I'm always going to live on this farm. And so the big town is 100 miles away. And so, you know, I go down the seven. I like my grandfather down in South Georgia, they had one little store five miles down the road that was. You go in here and get a candy bar and a Coke and he'd go get cigarettes. But beyond that, it was like, oh, you had to go 30 miles. And so there weren't a lot of options if you want to switch things up in your life. But when you've had those exposures, I think it makes all the difference in the world for yourself and make your choices. But also when you talking and where you visualize what's possible for your children, you're not limited in what your capacity for imagining what they would could do. You know, they really wanted to do. And so you're more likely to encourage them to step out or to do something that may sound crazy to someone who hasn't had those exposures. So the Irish do like the Australians and the New Zealand kids do. They take a year or two and just travel the world and See what the world is all about and then go back home and settle into a guru. I didn't know the Irish did that.

Yeah, I followed the traditional path, I suppose.

Yeah.

And then now, you know, I've got a six year old son now currently trying to throw him into sports and follow that kind of similar tradition as well. Did you throw your kids into sports to try and feel their ambition or drive or did you try any of those things?

I think they did it, but when I did it there wasn't a lot else to do because we were. When I was growing up, most of the time I was in Europe, you know, and there was not that much for the American kids to do other than sports after school. You know, we didn't have bands and things like that. So that was the only thing really to do if you're going to do something. And so I was always in one sport or another. Now with them, they have more options. And so my kids grew up. Eventually they got into riding horses and other things. But they tried when they were young, like your son, like 6, 7, 8, 9 years old. They played football and those things, but you know, it wasn't for them long term. They got interested in other things and. But they were always doing something. I think that's what you can do with your kids is you expose them to it and let them, you see what they gravitate to, see what they, you know, it's like, hey, or you're dragging them along, you know, that's never going to work. So who knows? If you're not going to accept that God does it. Who is it that puts these desires inside of people? Like one guy wants to be a cyclist. You know, you listen to the Tour de France cyclists and they'll, you know, they'll have the personal profile and you'll have the guy say, you know, once I saw a bike, you know, that's all I ever wanted to do in my life. You know, I just want to be on a bike and this and the other. Well, well, I've been on the bikes and I was on it enough to where I had a massive 15 year accident that I'm still recovering from. And I would ride mountains with coaches and guys out in Aspen and ride up and down the highway, the ocean here on the east coast in Palm beach, going down to Boca and Miami and places like that. You know, I've done all that cycling, but you know what, it was never that big of a deal for me. It's like I also have done, you know, I got 140 hours in plane learning how to fly and I got to where I could solo and all. But some people like, oh Lord, just to be up in the air. I feel free as a bird. I never felt any of that like on a cycling. The main thing I liked about it is you could get a good workout and you didn't have to run. You know, that's. But it was a lot. It was very dangerous unfortunately. And sooner or later you're going to come to something suddenly, violently, unexpectedly smash you. And so that's the future for every writer. And if you say, oh, that was just a one time thing happened, you know, 15 years ago as a one time thing, no, the Tour de France writers are covered head to toe with vicious scars. They've got broken everything. And so no, the road for a cyclist is to be on the, you know, sooner or later you're going to be on the ground because it's just, it's that kind of activity. But you got to love it enough to where you can overcome that. The one thing that I really loved was horses and riding show jumpers over fences and competing like that. That was worth all the broken bones and being broken L5 and kicked in the head and hematomas and broken clavicles and everything like that. It's like, who cares? But unfortunately it's just so stifling to keep doing. You got to put so much time and energy and after a while it's like I just wanted to do other things too in my life too. So I had to give it up. But still, if I had two lives, one of them would be riding horses even at this stage of my life. And so. But most people, it's what you're going to respond to. Now why would I like riding? And then why you would like riding horses or other somebody else like riding motorcycles? To me you got to be insane to like ride, like ride motorcycles. First of all the danger aspect. The other thing is there's a such a thing called bugs. You get all these bugs in your face, you know, it's just like no thank you and weather and so put me inside of a car, if I want to feel the wind in my face, I'll get a convertible. But other people are just as passionate about the motorcycles, you know. And the other thing is cigars. You got Michael Jordan and you got Arnold Schwarzenegger. You know, it's like what are these idiots doing to their loans? But they love it. So I quite as some people love this, some people love cats, some people love dogs. You know, it's just like everybody's in, you know why you're entitled to pursue what you're interested in because you can't do anything about it. And it's not your fault. It was put in you. These things were put in us. And so you can sit there and be miserable and deny it, or you could pursue it. But we've all got places in life we are supposed to be sent to, but we're supposed to do well there too. And so with our kids, you can try and crowbar them into this or that or the other, but good luck. If it's something they don't want to do, eventually they're going to come out of it. And so that's what I would say about those kind of exposures.

Million Dollar Mastermind, as always, is brought to you by Larry Wydell. To find out more about winning strategies and definitely check this webinar out. It helps others break the million dollar barrier every year. Visit ydel on winning.com and for the podcast, make sure to search for Million Dollar Mastermind with Larry Weidel and wherever podcasts are found, please leave a nice comment on there or if you harsh comment if you will, and we'll be sure to give you a shout in a future episode. Thanks very much. On behalf of the team, thanks very much for listening.