Mastering the Game of Success: Choosing the Right Battles
00:00:00.000 | I think maybe the key to life and being successful is playing the right games.
00:00:03.740 | And if you only have like so many words you can say a day, so many hours in the day, where
00:00:07.960 | is it worth the negotiating or dealmaking and where isn't it?
00:00:11.800 | And most people spend their time on really low level activities, coupon cutting, asking
00:00:17.680 | for a discount at a restaurant or whatever.
00:00:19.840 | Okay, that's fine.
00:00:20.920 | But instead of doing that, you can just be a little bit more strategic upfront and think
00:00:25.600 | about if I negotiated my salary every single year, for sure, but maybe even twice a year,
00:00:32.280 | mid-year review time, I can never clip a coupon again and make more from just negotiating
00:00:37.260 | my salary.
00:00:38.260 | And then a second level from that is if I could figure out how to negotiate, how to
00:00:41.720 | buy assets that cashflow and can do 100X or 300X return to me, then I don't even have
00:00:48.560 | to negotiate my salary that much because I just take the salary, use the salary, apply
00:00:52.640 | it to assets that I keep buying, those keep cashflowing for me.
00:00:56.400 | So it's all about what level are you playing?