In this episode, I talk about how people get into FAD or PWM (people without money) markets.
For example, Bitcoin was a FAD market. In 2018, the hysteria was insane. You had people making podcasts, videos, etc….and they all fell for it. Sure, Bitcoin still exists today, but the hysteria has gone away and the voices are now silent.
I read a post on FB yesterday that someone I knew once tried creating a business for new grads. Well, if you just graduated from university, more than likely you’re in debt — therefore, you’re in a PWM market. I’m not lucky, but when I entered the ESL space, I knew that this was a billion-dollar industry with a massive opportunity to go to AR/VR in the future with an insane amount of collaborations. So, because I’m worldwide, I’m not reliant on economies that have deteriorated (Thailand and probably have the countries on planet Earth). There are economies that are surging, at the moment, and because I’m a trainer and have specific skill-sets, I attract those individuals because I have assets.
I’m in a People-With-Money market. This is something you need to consider before starting a business.
A podcaster/pseudo-comedian (shots fired) by the name of Joe Roegan signed a $100 million-dollar contract with Spotify a few days ago. What does this mean? Spotify literally just stole not only one of the top YouTubers away but also destroyed Google and Apple podcasts. He will have to take all of his content off YouTube (except micro-snippets he can put on to promote) and move it to Spotify. Did Spotify lose 100 million? No, their market share skyrocketed and they profited 5 billion! What does this mean for YouTube, a company that has been de-platforming individuals for free-speech and perpetuate bullying, harassment, and trolling? Well, this could mean the end. LISTEN IN!
If you cannot get control of yourself, do not try to get rich. It makes no sense to invest, make money, and blow it. It is the lack of self-discipline that causes most lottery winners to go broke soon after winning millions. It is the lack of self-discipline that causes people who get a raise to immediately go out and buy a new car or take a cruise.
It is difficult to say which of the 10 steps is the most important. But of all the steps, this step is probably the most difficult to master if it is not already a part of your makeup. I would venture to say that personal self-discipline is the number-one delineating factor between the rich, the poor, and the middle class.
Simply put, people who have low self-esteem and low tolerance for financial pressure can never be rich. As I have said, a lesson learned from my rich dad was that the world will push you around. The world pushes people around, not because other people are bullies, but because the individual lacks internal control and discipline. People who lack internal fortitude often become victims of those who have self-discipline.
Welcome back to a another IELTS blog/podcast, everyone! The YouTube link will be available down below if you want to see the book, and make sure you email me for the book itself. In saying that, I will be discussing down below how to create continuous natural speech. When you do this, the pronunciation points will be high and that can surely put you a band higher than not having that natural speech. Here are some sentences you can practice down below and the podcast.
I’d like to get a place of my own as soon as I can.
I hope I can take early retirement before I’m sixty.
I’d like to start a family when I’m about thirty years old.
Next year I’m planning to take a sabbatical so that I can travel to South America.
I’ve always wanted to get a degree in electronic engineering.
I can’t afford to take a gap year unless I can get a job and save up.
If you want me to grade your pronunciation, make sure you record the above 6 sentences and send them to my email down below. Note: I will probably feature you (not your name and your whereabouts) on my podcast for explanation.
Amazing podcast with Carla Trigo! I brought Carla on about a year ago today, and now she’s come back on to share some tips and give you guidance in terms of relationships and how to openly communicate. Because the restrictions of movement around the world, not only has domestic violence risen significantly but also divorces. Why? People are at home and they have to face what ISN’T working. In saying that, here is some bulletpoints on what we talk about with the podcast link below.
Not forcing friendships
Being spontaneous in a relationship
Roles within a relationship
Face what isn’t working
Essential oils and smells that arouse both men and women
The language school where I have been teaching since May last year had to close on the 18th March. I am owed three weeks pay, which should have arrived by 11th April at the latest. There are 8 other teachers in the same boat and we have all been unable to contact the owner. He isn’t answering his phone, e-mails or Line messages (but the messages are being read) I need my money!
Anonymous Teacher in Thailand
I’m fortunate enough to have built up my skillsets over the course of 5 years. However, the comment above, which I found on a website, shows a plead from an individual who works at a language center (like me) that sadly fell into the grim reality of a corrupted owner. He was supposed to get paid but the owner has literally went AWOL, or so it seems (because line messages are being read). I have empathy for these teachers, including the rest around the world, who have had their jobs completely slashed away. 36 million English speakers in America have lost their jobs and that toll will continue climbing because the spread of the virus will amplify.
In the past here in Thailand, there have been floods that wiped up a large portion of the country, inundating homes and districts for up to a half-a-year, coups that ran rampantly on the streets of Thailand, disrupting an entire nation. Riots between two political parties that saw dozens of lives lost, but this certainly trumps them all, doesn’t it?
The company that hires and sends us to teach in Thai public schools refuses to tell the teachers when our contracts will officially begin. Meaning we don’t know if they will begin in May or July. If our contracts don’t begin until July, it means we will have gone from March to the end of July with little or no pay. The fact the company refuses to be upfront with teachers, only highlights the poor character of this Thai-run company.
They assume that they can string the foreign teachers along and we will be there when school starts. But they assume wrong. When the school term starts again, I suspect the companies and schools that have ignored and not looked after the foreign teachers will be left with giant holes to fill. Loyalty is a two way street.
I think you guys get the point. Because this gentleman is a 1 in 2,000 foreigner teachers (give or take a couple thousand) here in Thailand, he can be disposed of, just like most Americans who have lost their jobs to COVID.
However, because I’m a podcaster, online trainer, teacher, have proven my capabilities and have gotten results, I’m probably a 1 in 3 here in Thailand, putting me in a category that’s hard to get into.
“Arsenio, do you have a lot of work here in Thailand?” Absolutely NOT. There are forces beyond my power that play a pivotal role in this white-ocracy, but because I’m well-known online because the videos, and worldwide because my podcast….there are people inquiring from all corners of the world for my services. How did I do this?
Become an asset; not a number
Learn skills that others don’t know
Build an online persona
Strengthen your four cores of credibility
Whether you’re at home and stuck — or wondering what you can do with all the free time, this is the best way you can start strengthening skills that can provide you with extra income…not waiting on others to open their doors.
We’re back with another Wheel of Life edition! Big special shout out to the people who have read this for years already, and this is a deep special because this was the life-changing moment I needed.
Who would’ve ever thought that quarantine would be great. Losing my job for about 6 weeks ended up being the pusher for me to transform my subconscious mind. But before I get into that, in brief, here are the categories to rate yourself in:
Family & friends
Fun & hobbies
In this blog, I should finally discuss the transformation and leave the podcast down below for you to listen to the other categories. Be sure to share your scores!
Mira Butler had come forth in an idea and we acted on it. She wanted to create a UDEMY course, but even before that, we were having long, hilarious chats about a variety of things until we finally said “let’s do this.” I went through her personal transformation course, and everything that had hindered me in the past finally dispersed. The level of consciousness, the gratitude, and the unbelievable opportunities that are coming into my life is because I no longer have a hindrance. Are you ready for this podcast? Let’s do it!
Because the COVID pandemic, tutors in Thailand have profited massively from it. Meanwhile, language centers have completely dithered and fallen apart because they were romantically in love with the past. In saying that, zoom’s profit, around the world, has skyrocketed 1,300 percent because from the schools in America, to every other country in the world….zoom is a MASSIVE HIT.
It took a pandemic to boost the stock to unforeseen heights…and that wasn’t overnight. This was a 9-year making.
Then Mark, the man we are still unsure about the entire Cambridge Analytica and how he helped Trump win the election, has launched his own platform. He’s trying to sway people from zoom and for them to come on Facebook messengers live video with over 50 participants, but we all know how bad Facebook calls and videos are.
When it comes to chat applications in general, they honestly don’t do well. Viber is probably the best when it comes to making phone calls, but anytime I’m on Facebook or Line, the voice fades and video continuously freezes.
Like Apple, Facebook has their fans. Although they’ve misconstrued algorithms and they’re forcing you to buy ads to have a more significant reach, the tides have completely changed on both Facebook and Instagram. Before, Instagram hashtags were fantastic at bringing newcomers onboard. I’m talking circa 2018. Now, it’s impossible to get anyone from hashtags because now that Facebook owns Instagram, that mentality has spilled over to IG, too. My highest video reach always involves younger women being interviewed with me. In videos that I have a strong message — forget about it.
So will Facebook enthusiasts make a drastic change from the zoom platform to stick with their guns at Facebook? Or will someone like myself, who’s been using zoom for over a year, make a change because it’s free?
Google Hangouts = Bottom of the barrell
As I was sitting at my desk listening to a group of 5 students give their presentation with the program director of Waterloo University, the audio was in and out. I can count a handful of times where it just didn’t work, and that was a frustrating experience. However, google is FREE. So anytime you use something for FREE, don’t expect it to be its full 100%. Zoom, which has an astronomically better platform than any other videos service, especially social media, is a paid one — 40 minutes of group chat is all you get. When it comes to schools, however, they are upgraded for free — which is a cool perk.
But going back to google, the features just aren’t there. You can’t use audio from your computer, whiteboard material, file sharing, etc. Some people would say “you can,” but it’s not like zoom.
The last time I used google was when I had to give a 20-minute presentation to a group of employees from a company here in BKK. When I first joined the room, the audio was gone. I couldn’t hear a damn thing…so I had to restart my Mac and sure enough — it began working. Just imagine if it was a live interview and google did that to me? So much for getting a job! That’s unreliability at its finest, and because Google likes to depict places in the world as being bad (Africa — off topic, but true)….I would NEVER use their platform as a reliable service.
Mark loves competition, but his product is faulty. Facebook pages and algorithms have taken a significant hit, and because of it, someone who has a group of 800,000 people would only get 1000 video likes because notifications don’t pop up for the other 99%. Facebook has intentionally orchestrated this, and if they’re not in it for the best interest of the end user, I would NEVER support a new service…especially someone that they rollout just to make a quick buck.
Google almost lost me a potential job because their platform is shambolic…and I think that’s all that needs to be said.
Guys, welcome to the first two of the ten steps on how to developer your powers. These excerpts below are from Robert Kiyosaki’s book, so make sure you tune into the podcast at the end to hear me explain how you can do it.
1. Find a reason greater than reality: the power of spirit
If you ask most people if they would like to be rich or financially free, they would say yes. But then reality sets in. The road seems too long with too many hills to climb. It’s easier to just work for money and hand the excess over to your broker.
Rich Dad Poor Dad
I once met a young woman who had dreams of swimming for the U.S. Olympic team. The reality was that she had to get up every morning at four o’clock to swim for three hours before going to school. She did not party with her friends on Saturday night. She had to study and keep her grades up, just like everyone else.
When I asked her what fueled her super-human ambition and sacrifice, she simply said, “I do it for myself and the people I love. It’s love that gets me over the hurdles and sacrifices.”
A reason or a purpose is a combination of “wants” and “don’t wants.” When people ask me what my reason for wanting to be rich is, I tell them that it is a combination of deep emotional “wants” and “don’t wants.”
I will list a few: first, the “don’t wants,” for they create the “wants.”
I don’t want to work all my life. I don’t want what my parents aspired for, which was job security and a house in the suburbs. I don’t like being an employee. I hated that my dad always missed my football games because
Quote from Vientiane Embassy in Podcast Down Below
he was so busy working on his career. I hated it when my dad worked hard all his life and the government took most of what he worked for at his death. He could not even pass on what he worked so hard for when he died. The rich don’t do that. They work hard and pass it on to their children.
Now the “wants.” I want to be free to travel the world and live in the lifestyle I love. I want to be young when I do this. I want to simply be free. I want control over my time and my life. I want money to work for me.
Those are my deep-seated emotional reasons. What are yours? Be greater than your reasons. I have lost money and been set back many times, but it was the deep emotional reasons that kept me standing up and going forward. I wanted to be free by age 40, but it took me until I was 47, with many learning experiences along the way.
As I said, I wish I could say it was easy. It wasn’t. But it wasn’t that hard either. I’ve learned that, without a strong reason or purpose, anything in life is hard.
IF YOU DO NOT HAVE A STRONG REASON, THERE IS NO SENSE READING FURTHER. IT WILL SOUND LIKE TOO MUCH WORK.
2. Make daily choices: the power of choice
Choice is the main reason people want to live in a free country. We want the power to choose.
Financially, with every dollar we get in our hands, we hold the power to choose our future: to be rich, poor, or middle class. Our spending habits reflect who we are. Poor people simply have poor spending habits. The benefit I had as a boy was that I loved playing Monopoly constantly. Nobody told me Monopoly was only for kids, so I just kept playing the game as an adult. I also had a rich dad who pointed out to me the difference between an asset and a liability. So a long time ago, as a little boy, I chose to be rich, and I knew that all I had to do was learn to acquire assets, real assets. My best friend, Mike, had an asset column handed to him, but he still had to choose.
Most people choose not to be rich. For 90 percent of the population, being rich is too much of a hassle. So they invent sayings that go: “I’m not interested in money.” “I’ll never be rich.” “I don’t have to worry. I’m still young.” “When I make some money, then I’ll think about my future.” “My husband/wife handles the finances.” The problem with those statements is that they rob the person who chooses to think such thoughts of two things: One is time, which is your most precious asset. The second is learning. Having no money should not be an excuse to not learn. But that is a choice we all make daily: the choice of what we do with our time, our money, and what we put in our heads. That is
the power of choice. All of us have choice. I just choose to be rich, and I make that choice every day.
Invest first in education. In reality, the only real asset you have is your mind, the most powerful tool we have dominion over. Each of us has the choice of what we put in our brain once we’re old enough. You can watch TV, read golf magazines, or go to ceramics class or a class on financial planning. You choose. Most people simply buy investments rather than first investing in learning about investing.
A friend of mine recently had her apartment burglarized. The thieves took her electronics and left all the books. And we all have that same choice. 90 percent of the population buys TV sets, and only about 10 percent buy business books.
So what do I do? I go to seminars. I like it when they are at least two days long because I like to immerse myself in a subject. In 1973, I was watching this guy on TV who was advertising a three-day seminar on how to buy real estate for nothing down. I spent $385 and that course has made me at least $2 million, if not more. But more importantly, it bought me life. I don’t have to work for the rest of my life because of that one course. I go to at least two such courses every year.
I love CDs and audio books. The reason: I can easily review what I just heard. I was listening to an investor say something I completely disagreed with. Instead of becoming arrogant and critical, I simply listened to that five-minute stretch at least 20 times, maybe more. But suddenly, by keeping my mind open, I understood why he said what he said. It was like magic. I felt like I had a window into the mind of one of the greatest investors of our time. I gained tremendous insight into the vast resources of his education and experience.
The net result: I still have the old way I used to think, and I now have a new way of looking at the same problem or situation. I have two ways to analyze a problem or trend, and that is priceless. Today, I often say, “How would Donald Trump do this, or Warren Buffett or George Soros?” The only way I can access their vast mental power is to be humble enough to read or listen to what they have to say. Arrogant or critical people are often people with low self-esteem who are afraid of taking risks. That’s because, if you learn something new, you are then required to make mistakes in order to fully understand what you have learned.
If you have read this far, arrogance is not one of your problems. Arrogant people rarely read or listen to experts. Why should they? They are the center of the universe.
There are so many “intelligent” people who argue or defend when a new idea clashes with the way they think. In this case, their so-called intelligence combined with arrogance equals ignorance. Each of us knows people who are highly educated, or believe they are smart, but their balance sheet paints a different picture. A truly intelligent person welcomes new ideas, for new ideas can add to the synergy of other accumulated ideas. Listening is more important than talking. If that were not true, God would not have given us two ears and only one mouth. Too many people think with their mouth instead of listening in order to absorb new ideas and possibilities. They argue instead of asking questions.
I take a long view on my wealth. I do not subscribe to the get-rich-quick mentality most lottery players or casino gamblers have. I may go in and out of stocks, but I am long on education. If you want to fly an airplane, I advise taking lessons first. I am always shocked at people who buy stocks or real estate, but never invest in their greatest asset, their mind. Just because you bought a house or two does not make you an expert at real estate.
Back in late March when the entire world began their quarantines, I brought a teacher-friend of mine by the name of Hernan Sias back onto the ESL podcast. Oh, not the ESL this time, but the Business English podcast. In the midst of all the chaos, my body wasn’t reacting well to the shutdown and it felt like I was confined to nothing. However, during the beginning of the closures were a series of interviews that made me realize that this is one of the glorious moments in history for those “I only have a job” type of people to finally wake up. Hernan talks about an array of topics, including starting a podcast, preparing yourself during the quarantine, and how you can develop skillsets. You guys won’t be disappointed, so make sure you hit the link down below!