back to indexAll The Hacks: Self-Discipline and Goal Setting
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never about being a billionaire or anything like that. 00:00:03.520 |
I wanted to pursue financial independence for one, 00:00:09.760 |
And I think both of these will resonate with you. 00:00:16.000 |
but he wasn't there much 'cause he worked all the time. 00:00:30.640 |
I wanna be the best father I can possibly be. 00:00:39.560 |
So I started with that, and that was the one thing. 00:00:45.000 |
"and those who don't travel read just a page." 00:00:50.480 |
So big, and there's so many things to see out there. 00:01:01.120 |
and getting my two weeks paid vacation every year, 00:01:05.680 |
that's why I pursued real estate and business 00:01:10.280 |
- Hello, and welcome to another episode of "All The Hacks," 00:01:13.120 |
a show about upgrading your life, money, and travel. 00:01:16.040 |
I'm Chris Hutchins, and I'm excited to have you on my journey 00:01:21.040 |
and to do it all while spending less and saving more. 00:01:30.800 |
Brandon had an incredible career in real estate, 00:01:38.800 |
successful people often have more than one area 00:01:43.880 |
And after we finished up the real estate conversation, 00:01:48.400 |
to hacking self-discipline, using performance coaches, 00:01:51.820 |
finding the balance between audacious business goals 00:01:54.400 |
and quality family time, and the mindset Brandon uses 00:02:04.640 |
I got all his recommendations for your next trip there, 00:02:11.400 |
So let's get into the rest of my conversation 00:02:24.400 |
because you've talked about that in our last conversation. 00:02:33.640 |
- This might not be true for this audience, right? 00:02:37.160 |
like you're probably already a pretty high achiever. 00:02:39.640 |
You've got goals, you've got things you wanna do in life. 00:02:41.760 |
But I'll say that most people live life in the backseat. 00:02:49.480 |
and they're just doing whatever comes at them, right? 00:03:09.720 |
So assuming that these people are not that type, 00:03:15.080 |
I mean, it's really just, and it's related, right? 00:03:21.600 |
It's like your mom said when you were a little kid, right? 00:03:31.840 |
and live on points and 500 bucks a month or whatever. 00:03:39.880 |
Like start with a feeling of life you wanna have. 00:03:43.000 |
Like I love that practice where you're just like, 00:03:50.140 |
Now you can find the strategy that's gonna get you there. 00:03:54.300 |
I want an ideal life and an ideal life is possible for me. 00:03:58.060 |
So I'm going to pursue it with every ounce of my being. 00:04:01.260 |
And almost everybody I know who is incredibly happy in life 00:04:04.220 |
and incredibly successful, not just from money, 00:04:09.620 |
it's because they know that having an amazing marriage 00:04:13.700 |
And they fight for it because they know it's possible. 00:04:16.780 |
And so that's the thing I think a lot of people 00:04:20.160 |
they never take time to envision what's possible. 00:04:23.120 |
And they just do whatever's in front of them. 00:04:26.400 |
- I'm gonna assume you're one of those people 00:04:31.520 |
things that you've done intentionally to make that possible? 00:04:38.720 |
This is one of those life-changing things I ever did. 00:04:40.760 |
My wife and I, every year on the first or maybe the second, 00:04:50.600 |
Now, in a perfect world, I'd go for like two or three days. 00:05:06.060 |
And that starts with a reflection on your past. 00:05:16.220 |
we said within five years, we wanted a house in Hawaii. 00:05:19.060 |
We wanted a house where we could have people come and visit, 00:05:26.580 |
I had all this stuff we wanted to do as a couple. 00:05:31.320 |
'Cause as soon as we defined what was possible 00:05:33.580 |
and we had a goal, all of a sudden it was like, 00:05:35.620 |
well, hey, you wanna go to Hawaii for a couple months 00:05:42.100 |
And because we knew we wanted to end up there someday, 00:05:49.660 |
Or is that we had a vision for where we wanted to go 00:06:04.860 |
And I'm not very good at checking honestly with this. 00:06:10.460 |
a better marriage, but we at least have it in the mirror 00:06:13.420 |
every single day when I open up my toothbrush. 00:06:18.420 |
again, doing the things that we do in business 00:06:23.260 |
that has made such a difference on the relationship side. 00:06:26.140 |
- Do you do the same thing for other goals in life, 00:06:34.100 |
So this is my framework and I didn't invent this. 00:06:36.020 |
I have a journal actually, is it back here somewhere, maybe? 00:06:39.980 |
So I have a journal called "The Intention Journal" 00:06:41.940 |
and I basically just got everybody journal in the world, 00:06:51.540 |
I'm gonna give you a really simple system that I use. 00:06:54.820 |
So I have a vision for what my life to head, right? 00:07:00.020 |
Like I'm trying to buy $10 billion of real estate 00:07:04.180 |
So I don't like thinking in terms of decade goals, 00:07:08.620 |
I don't like thinking in terms of even three-year goals, 00:07:15.780 |
So what I like to do is I like to do quarterly 00:07:18.460 |
There's a great book out there called "The 12-Week Year" 00:07:43.420 |
the six apartment complexes we had under contract. 00:07:49.860 |
And there's a lot of things that go into that, 00:07:54.220 |
In fact, one of my goals for the last quarter of the year 00:07:56.460 |
is gonna be to spend three days without the kids. 00:08:15.780 |
like the youngest is no longer breastfeeding. 00:08:24.500 |
Every Sunday night, every single Sunday night, 00:08:26.780 |
and again, if I miss it, I'll do Monday morning. 00:08:28.780 |
I sit down and I rewrite what those three goals are. 00:08:38.500 |
it gets me back into the right mentality of like, 00:08:49.860 |
Then I always write, what's my most important next step? 00:08:59.140 |
So let's say my weekly goal is to hire a new assistant. 00:09:02.220 |
Okay, well, what's the most important next step on that? 00:09:09.780 |
I need to open up my computer and write a job description. 00:09:21.180 |
just in the past three minutes of rambling here, 00:09:26.180 |
I went from 10 years to three, to one, to 90 days, 00:09:35.220 |
And every single morning I wake up and do the same thing. 00:09:37.100 |
So every morning of the week, I just wake up and I say, 00:09:46.900 |
and I've boiled the entire thing down to a 30-second task. 00:09:51.780 |
personal assistant job description, and hit enter. 00:09:58.940 |
is all dependent on a 30-second Google search. 00:10:03.560 |
And then I can do it again five minutes after that. 00:10:10.220 |
- And are there systems you use throughout the day 00:10:13.180 |
You know, if you're looking at it in the morning, 00:10:14.980 |
but you wanna, is there a way you structure your day 00:10:21.620 |
so she makes me do a lot of things that are important. 00:10:23.420 |
So actually, let's talk about hacking real quick, right? 00:10:25.620 |
Like the idea of like, you know, credit card hacking, 00:10:28.220 |
or travel hacking, or, you know, house hacking. 00:10:36.420 |
Like if there's a cookie on the counter, I will eat it. 00:10:39.260 |
If there is a meeting I can skip, I will skip it. 00:10:43.020 |
If there is anything I need to do, I will let myself down. 00:10:49.540 |
As a result, I'm really bad at getting things done. 00:11:00.420 |
So Jane, who's my assistant right now, Jane's awesome. 00:11:03.060 |
Jane makes sure that I do the most important things, 00:11:12.300 |
I mentioned earlier, I get a massage once a week. 00:11:20.340 |
I get a massage because I know the most important thing 00:11:25.780 |
is have uninterrupted thinking time every week. 00:11:32.540 |
I will write down, I'll put on my calendar, you know, 00:11:34.640 |
go sit at the beach and go think for an hour and a half. 00:11:47.940 |
and she's pulling behind this giant massage chair, 00:11:52.500 |
'Cause I've now obligated myself to somebody else. 00:11:54.960 |
So then I go and get an hour and a half long massage. 00:11:56.980 |
And most of the best ideas and problem solving I've had 00:12:04.440 |
that I have hacked my lack of self-discipline 00:12:08.600 |
I hire a personal trainer to come to my house to work out. 00:12:27.440 |
like mastermind groups that we meet every week 00:12:30.360 |
All this is designed to get me to just do something 00:12:42.420 |
One of them, I am a big believer in like checking boxes. 00:12:46.580 |
Maybe I can, there's a great, the Seinfeld strategy. 00:12:55.820 |
but where he said, "Every day he writes one joke. 00:13:00.440 |
"he puts a big check mark on like a spreadsheet 00:13:05.180 |
"you start getting a lot of check marks in a row." 00:13:07.620 |
And so his advice to this up-and-coming comedian he gave 00:13:14.920 |
So I'm a bigger believer of doing little tiny actions 00:13:26.860 |
But I do it in my journal every single morning. 00:13:37.140 |
Like these are things, now I'm not good at it, 00:13:48.260 |
"Yeah, well, I said I was gonna eat healthy all week, 00:13:50.480 |
"but I just ate, you know, Cheetos and Mai Tais all week." 00:13:54.620 |
'cause I don't wanna disappoint my accountability buddies. 00:13:58.580 |
"Hey, we're gonna, you know, build our businesses too." 00:14:01.020 |
So I don't wanna look bad in front of other people. 00:14:03.580 |
So I will then get that, what do you wanna call it? 00:14:22.800 |
It's basically a system for pulling all the different pieces 00:14:27.800 |
of your business together into one cohesive system. 00:14:31.200 |
And so it's kinda like what I said earlier with the goals. 00:14:33.200 |
You have your big 10-year goal maybe and a three-year goal, 00:14:38.840 |
But in that meeting, I say out loud in that meeting, 00:14:42.880 |
like last week I said I would do blank and I blank. 00:14:49.440 |
Like last week I said I would call three investors. 00:14:58.660 |
if I don't deliver on the thing I said I was going to do. 00:15:07.360 |
but that piece of the meeting is I said I would do this, 00:15:23.460 |
you are the results of what you repeatedly do. 00:15:27.660 |
'cause this is like one of the most profound statements. 00:15:37.980 |
You eat chips and nachos and Mai Tais every day, 00:15:41.940 |
You jog every single day, you're going to lose weight. 00:15:53.440 |
You avoid them, you're gonna have a bad one, right? 00:15:58.040 |
that give us the result of life that we want. 00:16:01.100 |
So all we need to do to be successful in anything, 00:16:04.760 |
I really believe this, is like know where you wanna go, 00:16:16.300 |
know the things that are gonna get you there, 00:16:18.800 |
track those things and get accountability on it. 00:16:22.660 |
If it's a group of guys getting accountability together, 00:16:31.740 |
figure out what the steps are needed to get there, 00:16:33.860 |
track it so you can be aware of you getting there 00:16:36.360 |
or not getting there, and then get accountability 00:16:40.100 |
You can accomplish anything, anything by doing that. 00:16:44.260 |
- So you've got your group of accountability partners, 00:16:46.180 |
you've got your spouse, you've got your team, 00:16:56.280 |
It's literally just like, it's like once a week, 00:17:05.340 |
to have that unstructured, just open thinking time, 00:17:23.540 |
He's like, he'll ask me just very simple questions, 00:17:26.180 |
like, so where are you not playing fully out right now? 00:17:30.700 |
or is that just what you're expected to say, right? 00:17:33.260 |
There's like very like therapy type questions, 00:17:37.140 |
so we get into a lot more than just business, 00:17:41.460 |
that I'm forced to look at my business like an outsider, 00:17:53.720 |
Like a performance coach is something I believe 00:17:57.980 |
every single human should have if you can afford it. 00:18:03.100 |
then get a group of people together and do the same thing, 00:18:09.540 |
so there's no really like bias for action on their part 00:18:13.520 |
but if you can pay someone to ask those tough questions, 00:18:22.260 |
even if only 10% of the calls I do with Jason are effective, 00:18:26.220 |
the one out of 10 will completely transform my life, right? 00:18:32.080 |
In fact, I left the BiggerPockets podcast after 10 years 00:18:35.700 |
from it all started with a question he asked me. 00:18:42.740 |
"Does that feel light or does that feel heavy?" 00:18:52.180 |
And that one question led to taking a month off, 00:18:55.980 |
had decided that it was okay to take a month off, 00:18:58.020 |
I was like, wait, why don't I just take the whole thing off? 00:19:02.020 |
Why don't I just focus on the other part of my business? 00:19:03.660 |
So having that person who just dives into your psyche 00:19:13.020 |
- Where would you tell someone who believes you? 00:19:16.820 |
Where do they go to find a performance coach? 00:19:26.100 |
Again, Jason Dries, I think it's Jason Dries Coaching. 00:19:32.940 |
There's a company called Strategic Coach with Dan Sullivan. 00:19:35.380 |
In fact, his name's actually, the reason I thought of it, 00:19:36.940 |
his name's on the front of the traction book. 00:19:43.900 |
and then just talking to people and putting it out there, 00:19:47.900 |
Let's go back to that previous conversation we had, right? 00:19:54.020 |
It's really hard to find a good performance coach 00:19:56.700 |
that's going to hold you accountable and such. 00:20:02.140 |
I don't own one now, but it'd be kind of fun to do so 00:20:12.620 |
something different between an employee and a coach 00:20:15.760 |
is that there are a lot of very good coaches. 00:20:18.140 |
We talked about it, it's hard to find a good employee. 00:20:28.000 |
And you're like, yeah, they are, I gotta let them go. 00:20:34.300 |
I had the highest recommended executive CEO coach 00:20:39.860 |
Every single person I knew loved this person. 00:20:44.620 |
But for me, they weren't actually the best coach. 00:20:46.860 |
And it took me a long time to figure that out 00:21:00.820 |
that there are people that are really good at their job 00:21:02.680 |
that might not be really good working with you. 00:21:09.060 |
till you find the one that pushes you in the right way. 00:21:19.860 |
Because, and there's also different types of coaches, right? 00:21:23.740 |
who's gonna be like, you need to get to 10X your business, 00:21:26.940 |
Like, you might need like, hey, you need to slow down 00:21:32.200 |
and like different coaches are gonna push you 00:21:34.640 |
Then there's also like the coaches that are like, 00:21:36.360 |
they're gonna teach you how to do a certain task. 00:21:39.560 |
And then there's the coaches that are just gonna add 00:21:42.040 |
They're gonna do it wherever direction you wanna go. 00:21:44.240 |
So yeah, and just trying out a bunch of them, 00:21:50.960 |
And if you know that's what you need, just pursue it. 00:22:02.160 |
And then you're going to transform your life. 00:22:06.680 |
but first, can you talk about the Starbucks strategy? 00:22:20.240 |
you've heard the analogy of the book writing. 00:22:26.420 |
- Oh, but you know what I'm talking about, right? 00:22:28.320 |
that we're the same Starbucks strategy, all right. 00:22:30.240 |
So, all right, so Starbucks strategy looks like this. 00:22:34.900 |
just because this is how I've written my books. 00:22:36.820 |
I've got, I've written like five books, right? 00:22:39.740 |
it was called "The Book on Investing in Real Estate 00:22:41.460 |
"with No and Low Money Down," longest title ever. 00:22:44.140 |
And I wrote that like, I'm gonna write a book. 00:22:47.620 |
So I sat down one day and I started writing some words 00:23:06.800 |
If you have no money, 'cause it's a book for no money. 00:23:14.000 |
So that time I said, I'm gonna pursue this differently. 00:23:18.900 |
And I studied a lot and so this whole strategy 00:23:26.380 |
So I go to this, I go to Starbucks with my wife. 00:23:29.120 |
Actually, she was gonna write a book at the same time. 00:23:32.280 |
I was gonna write it on just investing in rentals. 00:23:43.520 |
It's really that quote, like the Abe Lincoln quote, 00:23:46.920 |
but he said, if I had six hours to chop down a tree, 00:23:50.440 |
I would spend the first four sharpening my ax. 00:24:04.300 |
So for me, I sat down, I spec'd out the entire book 00:24:06.900 |
on note cards, 10 chapters, it was like 12 chapters, 00:24:13.060 |
and it had an outline of what that sub chapter 00:24:16.180 |
So at the end of the day now, every day after that, 00:24:22.480 |
Every day, I had a note card for 100 days straight 00:24:25.440 |
with what chapter it's in, what the sub chapter is, 00:24:33.100 |
Now I just gotta write 500 words to 1,000 words a day. 00:24:41.800 |
Total length was almost 300,000 words between the two. 00:24:47.640 |
Like, all I'm getting at here is like define, 00:24:57.160 |
and it makes everything else easier on the backend. 00:25:02.000 |
I think that there are very few people in the world 00:25:06.720 |
is to do anything measured in billions, right? 00:25:11.800 |
Most of the people I know that really, really prioritize 00:25:22.320 |
being a good partner and being a good parent. 00:25:31.440 |
- I mean, so first of all, yeah, I got into real estate. 00:25:43.440 |
But all I'm talking about is when I say financial 00:25:45.320 |
independence, the ability to do what you want, 00:25:58.500 |
I wanted to pursue financial independence for one, 00:26:04.720 |
And I think both of these will resonate with you, right? 00:26:10.960 |
but he wasn't there much 'cause he worked all the time. 00:26:25.620 |
I want to like be the best father I can possibly be. 00:26:34.520 |
So I started with that, and that was the one thing. 00:26:37.640 |
I heard a quote once that said the world is a book 00:26:45.440 |
So big, and there's so many things to see out there. 00:26:56.080 |
and getting my two weeks paid vacation every year, 00:27:00.640 |
that's why I pursued real estate and business 00:27:18.440 |
So there's this balance that you have to have. 00:27:20.960 |
And there is no, to quote Gary Keller in "The One Thing," 00:27:31.080 |
that you sometimes have to go farther one way, 00:27:33.160 |
and sometimes you have to go farther the other. 00:27:45.640 |
of too much work and maybe too much family, right? 00:27:49.740 |
we get paid in the future for the work we do today. 00:27:51.880 |
We don't get paid today for the work we do today, right? 00:27:56.560 |
We gotta plant the seeds today in order to harvest then, 00:28:08.760 |
because I'm very scared, is that the wrong word, maybe? 00:28:13.120 |
I'm very concerned that at the end of my life, 00:28:17.100 |
I will look back and say, why did I work so much? 00:28:26.760 |
And the only way to know that is to continually evaluate it 00:28:33.680 |
because it forces me to introspectively look at my life 00:28:46.440 |
well, I still am someone who really loves productivity, 00:28:53.520 |
so we have two daughters, two and three months, 00:29:08.400 |
When I'm working, I'm working in the most efficient manner, 00:29:24.900 |
And I think I've spent so much time in my life 00:29:28.280 |
feeling like, gosh, everything I do today is for the future. 00:29:31.020 |
I need to get it all done, I need to get all done. 00:29:35.640 |
that I got everything done before I went to bed. 00:29:37.880 |
Now, there are times, you know, Tuesday night, 00:29:48.900 |
But for the most part, there are a lot of things 00:29:53.160 |
And I found that the more I've built the muscle 00:29:55.760 |
of getting comfortable with not doing some things, 00:30:09.820 |
So I remember I got this email from a guy named James Bashar, 00:30:20.960 |
you know what, I don't really wanna do meetings 00:30:22.400 |
'cause I'm trying to prioritize other things in my life, 00:30:24.760 |
but I'm really down with asynchronous communication. 00:30:27.440 |
So if you want, you could go and use a tool like Loom, 00:30:31.280 |
and you could record a conversation you wanna have, 00:30:33.480 |
part of it, and then I'd be glad to get back to you. 00:30:39.720 |
I'm not gonna go record a video to talk to him 00:30:45.460 |
if you just wanna have a BS conversation and talk, 00:30:49.480 |
And at the time, I wanted to catch up with him 00:30:52.680 |
but I didn't really have my questions formulated, 00:30:59.680 |
and boy, it makes everything so much more efficient, 00:31:04.680 |
So if someone says, hey, you've started companies, 00:31:06.960 |
can you help me figure out how to start a company 00:31:17.280 |
And if it eventually makes sense for us to chat, 00:31:19.360 |
I'm happy to, but there's a lot going on right now, 00:31:25.640 |
And learning to do that and getting comfortable doing that 00:31:28.860 |
has made it so much more comfortable to go and say, 00:31:33.380 |
you know what, this week, our au pair is out of town. 00:31:36.180 |
She's in Boston, New York, Chicago, having a blast, 00:31:39.220 |
and that means there's no childcare and two kids is a lot. 00:31:47.180 |
And I'm okay with that, and I'm letting things drop 00:31:49.980 |
because I've gotten comfortable with that skill. 00:31:56.420 |
that in your grindy kind of '20s, early '30s time of life 00:32:07.580 |
- You know, that reminds me, and I love how you say like, 00:32:09.600 |
you know, as soon as you gotta drop some stuff, right? 00:32:11.820 |
In the book, "The One Thing," I'll bring it up again, 00:32:13.580 |
Gary Keller, Jay Papasan, they have the book, "The One Thing," 00:32:16.400 |
and they tell the story or the metaphor in there 00:32:18.900 |
that says that life is like juggling a bunch of balls, right? 00:32:21.540 |
You're juggling family, health, your work, your career, 00:32:25.740 |
your financial life, you're balancing all those things. 00:32:33.620 |
When you drop something at work, it'll bounce right back. 00:32:38.900 |
but there are glass balls in our life, right? 00:32:42.460 |
Our relationship with our spouse or significant other 00:32:45.420 |
is a glass ball, and you can only drop that so many times 00:33:03.180 |
and a great dying thought is I drop the right balls 00:33:08.460 |
- And it's funny 'cause I respected the email I got 00:33:13.580 |
You know, you think you have this email that's like, 00:33:17.520 |
that I would put in the category of like important people. 00:33:26.900 |
I didn't write back and be like, that person's an asshole. 00:33:35.100 |
And so I would just encourage people to realize 00:33:36.980 |
that most of people's reaction to your dropping the ball 00:33:40.980 |
in a polite way might actually be kind of jealousy and envy 00:33:47.600 |
- And I would even, to push it to another level, 00:33:50.520 |
if I could real quick, like another reason to do that 00:33:58.320 |
but like I, I mean, I'm building a billion dollar brand. 00:34:03.280 |
That should make my company about a billion in profit 00:34:07.040 |
Like that's, it's a legit like billion dollar 00:34:19.060 |
And I'm from day one, I have the requirement. 00:34:22.420 |
I do not work more than five hours a week at this. 00:34:25.020 |
And the cool thing is, is by having those boundaries, 00:34:28.940 |
I am forced to build a business that I am not within. 00:34:32.580 |
Like I am building it from the outside looking in. 00:34:38.740 |
I'm saying, no, that's, that's the rules of this, 00:34:45.680 |
And, and so many people don't realize that you get to, 00:34:56.240 |
I take Wednesday and Thursday and Friday off. 00:34:58.920 |
And then you will, you will find a way to be successful. 00:35:04.760 |
an hour in or whatever we're in, like you're, 00:35:08.200 |
You're going to find a way to be massively successful 00:35:10.440 |
within the bounds of, within the rules that you establish. 00:35:16.000 |
Define what you want to do, what sounds amazing. 00:35:20.560 |
- If you haven't read the book from Strength to Strength 00:35:28.880 |
finding a new form of happiness as you transition 00:35:31.920 |
from a style of intelligence and work in your early life 00:35:35.520 |
that, that isn't as compatible in the second half of life. 00:35:40.280 |
It's like, you know, late thirties, forties kind of age. 00:35:44.800 |
that is more compatible with long-term happiness. 00:35:51.520 |
I want to jump to, to just get, are there other books? 00:35:57.140 |
And you know, they've had a huge impact on you. 00:36:02.680 |
So people who want more of your recommendations 00:36:06.420 |
I read, I read about a book a week on average, 00:36:09.080 |
sometimes two, sometimes half, depends on how busy I am. 00:36:12.000 |
But I probably average 50 to a hundred books a year, 00:36:15.400 |
So I read and I buy, I have a rule with books. 00:36:21.120 |
oh, that might be a good book, I always buy it. 00:36:34.200 |
I do have an email, like I have a text message newsletter. 00:36:45.040 |
and some little piece of advice that I got, et cetera. 00:36:47.760 |
So that's just beardybrandon.com as I put that out there. 00:36:51.220 |
There's no like sales, I'm not selling anything there. 00:36:55.440 |
So I'm always like, hey, here's what I'm reading right now. 00:36:57.120 |
And here's a cool point from the book that they made. 00:37:02.860 |
I mean, I give you 5 million recommendations. 00:37:07.600 |
because I always assume I'm gonna have to teach it. 00:37:10.000 |
Like, you remember whatever, 10% of what you hear 00:37:16.300 |
The studies have shown that the number one best way 00:37:19.540 |
to remember something is not to teach it per se. 00:37:24.900 |
but it's actually a little more nuanced than that. 00:37:33.980 |
I assume I'm going to have to teach this somebody later, 00:37:46.160 |
files it away in a different part of the brain 00:37:51.040 |
And so I heard this hack, I don't know, 20 years ago, 00:37:56.240 |
and I assume I'm gonna have to teach it later, 00:37:58.920 |
And then I remember it's all up here, not all of it, 00:38:01.880 |
So I don't know if that answers your question. 00:38:04.440 |
I'll give you an hour long list of good books to read. 00:38:14.680 |
If I'm working out, I'm usually listening to an audio book, 00:38:28.980 |
So Kindle's for fiction, physical for nonfiction. 00:38:41.240 |
But I also read whenever I have a quick break, 00:38:45.200 |
I try to read instead of pull up my phone and scroll. 00:38:56.360 |
I'll look around and if there's a book near me, 00:38:58.440 |
I'll grab that instead or I'll try to grab that instead. 00:39:04.440 |
I'm typically in the middle of 20 to 30 books 00:39:06.920 |
at any given time, which is completely nuts, but. 00:39:25.620 |
It's not just to be a billionaire and all that. 00:39:34.760 |
And I think beyond just saying why it's important, 00:39:39.680 |
into your future business, your future endeavors. 00:39:44.680 |
but also how you're trying to bring it into your business 00:39:52.600 |
First of all, like I, all right, everyone believes this, 00:40:08.240 |
Like I don't plan to actually give my kids anything. 00:40:11.480 |
maybe they'll get a property or two, whatever. 00:40:12.960 |
- Oh, they get that college savings property. 00:40:18.520 |
just go way back to the last episode that we did together, 00:40:25.120 |
and goes to college with it, or she starts a business. 00:40:27.040 |
I actually hope she'll just start a business with it 00:40:30.400 |
But anyway, I don't need my kid to be rich because A, 00:40:37.960 |
and not have all the skills you need to be successful, 00:40:40.960 |
first of all, 'cause like I'm going to train her. 00:40:45.880 |
and entrepreneurship and Rosie has bake sales 00:40:48.520 |
and Wilder will, you know, when he's a little older. 00:40:51.320 |
So either A, if they're not wealthy by the time 00:41:00.200 |
that they don't deserve the money anyway, right? 00:41:08.800 |
So anyway, that's why I'm not planning to give my kids money. 00:41:11.200 |
So in other words, what do I do with it then? 00:41:13.720 |
I mean, wealth is kind of a game in some ways. 00:41:15.760 |
Like I don't have to earn more money and get wealthier, 00:41:17.840 |
but it's kind of a fun, it's a fun challenge. 00:41:22.400 |
Like I would have laughed at that 10 years ago 00:41:25.640 |
Yeah, I could definitely give away a billion dollars. 00:41:28.640 |
Plus happiness is largely derived for most people 00:41:34.360 |
And not just like throwing it to some random charity, 00:41:41.840 |
So I wanna spend a lot of my time making money 00:41:45.680 |
I'm not just gonna like give away all my money right now 00:41:52.760 |
So I'm gonna use that to its fullest ability. 00:42:10.200 |
We're gonna raise capital for big apartment complexes. 00:42:13.560 |
And then we're going to take all the profit from that 00:42:17.680 |
So for example, let me give you a real simple. 00:42:22.400 |
It's pretty normal by let's say $100 million building. 00:42:24.760 |
We have to raise 20 or $30 million from investors like you. 00:42:28.560 |
You give the money, we will buy the property. 00:42:30.680 |
At the end of the deal, we sell it for $150 million. 00:42:38.680 |
And then at the end of the deal, everyone gets their money. 00:42:40.560 |
We divide up all, everyone gets their piece of the pie 00:42:44.320 |
But what I wanna do is I wanna raise all that money. 00:42:47.640 |
when we sell the property two, three, four, five years later 00:42:52.000 |
but all the profit, that $50 million goes to charity. 00:42:56.440 |
And I'm like, I could do like one of those a year 00:42:58.240 |
and be like the biggest charity in the country. 00:43:06.680 |
it's stupid how much profit we can create out of thin air 00:43:11.680 |
and with that level of assuredness, of that little surety. 00:43:16.640 |
And so if I can just take like one out of every 10 deals 00:43:30.680 |
you're just lending the money for a little while basically. 00:43:34.880 |
And so it's like a win, win, win across the board. 00:43:38.440 |
We're saving lives, we're stopping human trafficking, 00:43:40.480 |
we're feeding kids, it's gonna be a good life. 00:43:46.520 |
I think that's a great way to wrap this conversation. 00:43:49.600 |
But there is one thing that I like to ask everyone 00:44:09.200 |
no, if you drink alcohol, there is a drink at the, 00:44:12.600 |
Monkey Pod is my favorite restaurant on the Island. 00:44:14.800 |
Monkey Pod has a drink, it's called the Mai Tai. 00:44:17.000 |
It's not like a normal Mai Tai if you've had one. 00:44:18.520 |
Just get the Monkey Pod Mai Tai, it's phenomenal. 00:44:36.960 |
Moku Roots, if you're vegan, awesome vegan restaurant. 00:44:50.360 |
You just can't imagine better food than that. 00:44:52.400 |
And then, I mean, there's beaches everywhere. 00:44:59.680 |
which is right over by the Ritz and the Sheraton 00:45:07.920 |
which is like a 40-minute drive from the other side 00:45:17.200 |
If you wanna see a bunch of naked men, go to Little Beach. 00:45:24.440 |
Anyway, man, I can give you a thousand recommendations. 00:45:27.000 |
- Any of the activities that are worth doing are-- 00:45:33.400 |
Have you been to Maui? - I've never been to Maui. 00:45:35.280 |
The Road to Hana seems like a great thing to do 00:45:50.000 |
Road to Hana, I did it once with some friends. 00:45:54.120 |
There's no cell phone coverage on the Road to Hana. 00:45:59.080 |
And we get out there and we look at like 50 turtles 00:46:00.840 |
that are on the beach, just sunbathing these turtles, 00:46:04.560 |
just ripping on these surf waves, having a great time. 00:46:11.760 |
To get to Hana, it takes us typically four to six hours. 00:46:15.120 |
An hour in, like, you know, we leave the beach. 00:46:24.600 |
And they said, "Okay, we're in Hana, now what?" 00:46:26.400 |
And I was like, "Oh no, there's nothing in Hana. 00:46:35.800 |
So the Road to Hana is an amazing just picture of life 00:46:40.200 |
Now, maybe there's something at the end of life. 00:46:42.240 |
Like, I'm a Christian guy, so I think there is. 00:46:48.440 |
So you could do Road to Hana with some little ones. 00:46:50.960 |
You stop every, like, 20 minutes to pull over 00:46:53.200 |
and, like, see amazing waterfalls and turtles and stuff. 00:46:58.960 |
But I would understand if you don't wanna take a baby on it. 00:47:03.880 |
- All right, well, I'm even more excited about Maui, 00:47:08.560 |
I forgot about the best thing in all of Maui. 00:47:11.000 |
You take your family, you put 'em in the car, 00:47:12.680 |
you drive over to Kihei, which is the area I live in. 00:47:15.680 |
You come up here to my road and you pull in my driveway, 00:47:21.360 |
The kids swim in my pool, and you and I sit there 00:47:35.400 |
of everything you're doing, working, building, 00:47:37.240 |
this $10 billion of real estate you wanna buy one day? 00:47:41.760 |
- Yeah, so the text message list is a good one. 00:47:49.200 |
And if anybody's interested in the real estate 00:47:50.640 |
side of stuff, like investing with me and all that, 00:48:06.760 |
save money on taxes, especially if you're wealthy? 00:48:10.880 |
Anyway, it's just a random thing I just put together 00:48:14.720 |
- Brandon, thank you so much for this extended conversation.