Part 2 - Why Helping More People Can Make You A Millionaire

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. Anyway, so what's going through your mind when you hear me rant on like that, Larry?

I think that's a foundation. I follow a Rabbi Daniel Lapin, who wrote a book called Thou Shalt Prosper. And you want to make more money, find ways to serve more people. Serving more people. We use this as an overused word, especially in Christianity. Serve people, serve God. The definition of that is make somebody's life better. So if you're making somebody's life better, you're serving them. And most people get a job. They it's very simple. I need to make money. I got a house payment, I got a car payment. I need to feed my family. No one walks into a job and says, you hire me, I'll make you more money. You hire me, I'll cut your cost. I'll make you more profit if you hire me. They don't think like that. They think wrong. Because all that owner wants to do is, I'm hiring you to make me money.

Yeah.

And we don't think like that. No, you hire me because I can make some money. I got bills to pay. And that's why so many people are unemployed and they stay unemployed and go unemployment. Because their thought process is, I don't want to serve the executive, I don't want to serve the boss. I just want to serve myself. And the thing that Rabbi Lapin really talked about is if I walked into your office, Larry, and I saw all these plaques and all these trophies, I thought, wow, Larry's done something. He's accomplished something. If you have money, dollar bills, $100 bills, Rabbi Lapid calls those certificates of performance. They are certifications that you're doing something that makes somebody's life better. And money is a measurement of how many people you're helping. So if you're making $100,000 a year and I'm making a million dollars, I'm bringing more value to people numbers wise than you are. And most people get into profession, they want to make the 250,000, they don't want to make any more than that because they're happy, because it buys them the things they want. When you start talking about that word big, which is not heard anymore, people who want to think big are condemned. You got to first think about, how do I make a million dollars A year. The answer is, I got to help 200 families a month. And in our business, you help 200 families a month. And our compensation system says you'll be making about a million dollars a year. Not right away. So now I got to go out there and find a way to help 200 families a month. And my reward for doing it, to make sure I do it, is I'll make a million dollars a year. One of my favorite quotes from Rabbi Lapin is, why do you think a good and loving God will not reward you financially for taking care of his children? Children. Money is there as an incentive. It's a reward, but it's also accountability. The more money you make, you're helping more people. You want to get big, want to make 2 million, 3 million, 10 million. You got to help more families.

Well, Bill, you can look at follow the money. I always like you wonder, you want to analyze companies, follow the money. And it's like Michael Jordan, why did he quit and go play baseball? He said, well, his father died. He'd won three championships. All the pressure was on. The rules in the NBA were something. We had this brutality in the New York Knicks and the Pistons and the Celtics would beat up on him. His style of play was more graceful. You know, yada, yada, yada. You know why he went to baseball? They were paid him like 3 million a year. Yeah. You know what they paid him when he came back? 30 million a year.

That's right.

So my thing is follow the money. And if you look at now, you probably know more about this than I do. I know nothing about it. But from serving from afar over the decades, it seems like those Silicon Valley companies have done something right. Lace a lot of them have done something right with the way their compensation, because they had like lower salaries a lot of times, but then bigger packages, stock packages and bonuses and this and the other. And so a lot of people, they got in there, they saw this is how they got people to work around the clock, sleep in the office and pull off these heroic breakthroughs. And Apple coming up with these products, everything. But you had thousands of people making hundreds of thousands, you know, maybe millions. And their employees, they had a slot. And I remember the story, they wonder about how Sandy Weil worked such miracles in the 90s. No, the 80s at American Express, when he was executive vice president running American Express, people who worked for him. There were a thousand people who became millionaires working for Sandy Weill. That was way back in the 80s. Now in the 80s, there was one person in Pro sports or pro baseball. Nolan Ryan making a million dollars a year. So a million dollars is a lot of money. Back in the 80s, somehow he had designed the conversation at American Express, where of their traders and the people who worked in their executives, a thousand people made a million dollars. And so as a result, American Express was this incredibly. Became this incredibly successful company. And so if you look at the growth of a lot of the companies in the past, go look at their compensation. And if you're looking for a place to go to work, go look at the compensation. How do they compensate people? How have people done that have worked here? What's their advancement program? What's their mentorship program? And because what's happened to people in the past is there's a good chance it's going to happen to me. So you can save yourself a lot of grief just by looking around and. And positioning yourself. It'd be great for you to have your own business and then open an office and then franchise it, and then you have a thousand locations around the country. But maybe there's a few steps, a few jobs that you have to take before that happens. You can develop some skills and contacts. But when you look for that, make sure you put yourself in a position where there's a lot of brain power, there's a lot of energy, there's a lot of excitement, and there's a lot of opportunity, because that's what you want to learn. You want to develop all of that inside an industry that is going places where the growth is a possibility. This comes down to you want to enjoy your frigging life, and you're not going to enjoy your life if you can't have a chance to max out. Very few of us are going to have the chance to max out. I don't know. If you're not a cyclist, you're not one of these. I follow with a Tour de France, but they've got a kid, they just did the Tour de France. And this kid, Bogota, he just ran away with it. He won five of the 21 stages. And I saw him on the last stage where he had no reason to win. He. All he had to do was stay in the bike and he's going to win the Tour de France. He's so far ahead of his competition, but he was going to stay close to the guy who's in second place, and this guy's going to try and make up some time. He was going to try and break Fogacher. It was a monster. Straight up climb up for like 20 miles straight up. So Pogacha stayed close to him because he didn't want to. You know, he had five minutes, but you could lose that time. So he said, I'm gonna stay close to him. Well, so they, pretty soon they work their way to the top of the pack. The end, over the 120km or whatever it is. Get to the end of the race and Pogacher says, what the heck? He says the day before he got up there and there was one guy, an American, it was like way ahead of everybody else. They said, nobody will ever catch him. And so Pagacha got ahead of the breakaway pack just by riding along. And then he said, how far away is that guy? He said, I think I'm going to go get him. He chased him down and beat the stuffings out of the guy. Just ran away from it. So the next day they got another straight uphill, 120 miles, riding up mountains and get to the end of that. And he's right there with Vinegar, who's a second place guy again. And he said, surely he's going to let Vinegar win this race, this one. Well, he got near the end and he'd been going along. They work their way up there. He had so much energy. He just hammered down. He just couldn't stop himself. And it was Electric Bill. It was like, this is the guy. Vidar won the last two Tour de France races. That's how good he is. He won the last two. But this guy Pogacher had won the two before that. He just had a little bit of an injury and he wasn't as his best last year. So he gets up there with this guy. They get right to the finish. The last couple hundred yards of the Tour de France, and it's all straight uphill. He hit the pedal and I jumped off the couch. It's like, wow. It was just like. Like the other guy went like he was going downhill and the other guy was going uphill. He went away from me that fast. Very few of us get a chance to do something. We talk about doing something great in our life. That's doing something great with your life. Very few of us has a chance to do it, but if we don't prepare for it, if we don't put ourselves in position to do it, you never know. Now, he said if you told me, he said, I came into this Tour just I wanted to win the Tour. But he said I didn't care about winning any individual races. But he wound up winning five individual races. And the last one he did like, hammer down. And so the thing is, we, you and I, have experienced those in our career, those brief spurts of just insane growth and exhilarating success, but they don't come that often. But you got to put yourself in a position for it. And if you keep working for it, they can come if you make the right choices, like, but they're not going to come if you're at a craft company, you in a mediocre industry, a dying industry, and you haven't made up your mind to go for something great. You're not talking to people, you're not setting yourself up with friends, getting your input from people that are doing great things. You gotta. This is by design that you can have. But you can have greatness in your life if you make the right choices and you make up your mind to go forward. So anyway, what am I trying to say there, Bill?

I love what you said. You can have greatness in your life if you make the right choices. And most people make the mistake of choosing to do something that they would like. I think I'd like to be an airline pilot. I think I'd like to be a this, I think I'd like to be a that. And they find out very quickly that airline pilots don't like it all the time. 40% of all doctors don't want to be doctors anymore. 40% of all lawyers, by the time they reach 40, you don't want to be in law anymore because it's. They don't like it like they thought they'd like it. This fantasy of life again. Most people, they want a career, they want a profession, and they just want to be happy. They go through it, but they end up going in there saying, I don't know, I don't like what I'm doing. I don't like my boss. I don't like this. I don't like that. And mostly they don't like what they're being paid. Well, that's. They didn't get in it for the money, but they get out of it because there's no money in it. Yeah.

I'd like to thank you for listening to part two of this episode of the Million Dollar Mastermind podcast. Timing is everything. You may feel that now is the time to get moving forward so you can do something even greater with your life now. If that sounds like you, I've got a free training video to show you how that transform, transformation can take place. Getting introduced to how the cycle of success works has been a major transforming event for so many current million dollar earners. And that's exactly what this video is all about. And yes, it's completely free. Join us at the video@wearlyllonwinning.com and thanks for being part of our community. It.