Rich Dad Poor Dad | S5 – E13 | Understanding | Get Rich Quick? TERRIBLE Decision

The reason I started with the story of the richest men in America
is to illustrate the flaw in believing that money will solve all problems. That is why I cringe whenever I hear people ask me how to get rich quicker, or where they should start. I often hear, “I’m in debt, so I need to make more money.”

Rich Dad Poor Dad

But more money will often not solve the problem. In fact, it may compound the problem. Money often makes obvious our tragic human

Cash flow tells the story of how a person handles money.

flaws, putting a spotlight on what we don’t know. That is why, all too often, a person who comes into a sudden windfall of cash—let’s say an inheritance, a pay raise, or lottery winnings—soon returns to the same financial mess, if not worse, than the mess they were in before. Money only accentuates the cash-flow pattern running in your head. If your pattern is to spend everything you get, most likely an increase in cash will just result in an increase in spending. Thus, the saying, “A fool and his money is one big party.”

Today, doctors face financial challenges I wouldn’t wish on my worst enemy: insurance companies taking control of the business, managed health care, government intervention, and malpractice suits. Today, kids want to be famous athletes, movie stars, rock stars, beauty queens, or CEOs because that is where the fame, money, and prestige are. That is the reason it is so hard to motivate kids in school today.

They know that professional success is no longer solely linked to academic success, as it once was.

Because students leave school without financial skills, millions
of educated people pursue their profession successfully, but later find themselves struggling financially.
They work harder but don’t get ahead. What is missing from their education is not how to make money, but how to manage money. It’s called financial aptitude—what you do with the money once you make it, how to keep people from taking it from you, how to keep it longer, and how to make that money work hard for you. Most people don’t understand why they struggle financially because they don’t understand cash flow. A person can be highly educated, professionally successful, and financially illiterate. These people often work harder than they need to because they learned how to work hard, but not how to have their money work hard for them.

Podcast

Stephen Covey’s Speed of Trust: Season 4 – Episode 6 – The Four Cores

Guys welcome back to another Stephen Covey blog/podcast, and today is a follow up from what we’ve already done with the questionnaire (last week). 

So, each part in the questionnaire corresponds to one of the “4 Cores of Credibility.”  These are the foundational elements that make you believable, both ot yourself and to others. 

So, when it comes to integrity, it basically means honesty.  It’s walking your talk.  Do you live up to your values and beliefs? Or do you do opposite of what you say. 

Core 2: Intent

The second core deals with issues of intent.  This has to do with our motives, our agendas, and our resulting behavior.  Trust grows when our motives are straightforward and based on mutual benefit — in other words, when we genuinely care not only for ourselves, but also for the people we interact with, lead, or serve.  When we suspect a hidden agenda from someone or we don’t believe they are acting in our best interests, we are suspicious about everything they say and do. 

Both integrity and intent are matters of character.

Stephen Covey’s Speed of Trust

This happens a lot in my life because I have a tendency of always saying to myself, “is this real?”  Came across a lady on the street last night and she was super friendly.  It didn’t make any sense, and I truly believed that she had a hidden agenda. She was trying to exploit me somehow, someway, and I was right. 

Core 3: Capabilities

The third core deals with issues of capabilities.  These are the abilities that have inspire confidence — our talens, attitudes, skills, knowledge, and style.  They are the means we use to produce results.  A family doctor might have integrity and his motives might be good, but unless he’s trained and skilled to perform the task at hand (brain surgery, for example) he’ll be lacking in credibility in that area.  Capabilities also deal with our ability to establish, grow, extend, and restore trust. 

Stephen Covey’s Speed of Trust

Core 4: Results

The fourth core deals with issues around results.  This refers to our track record, our performance, our getting the right things done.  If we don’t accomplish what we are expected to do, it diminishes our credibility.  On the other hand, when we achieve the results we promised, we establish a positive reputation of performing, of being a produce, and our reputation precedes us. 

Stephen Covey’s Speed of Trust

And these are the cores.  Remember, everyone, each area is of equal importance.  Example, someone who has great integrity, good intent and a great track record my lack capabilities.  Another person who has great integrity, capable and produces excellent results may have selfishness and doesn’t care about you.  

In any case, you won’t fully trust that person in any situation. So, in order to visualize the importance of all cores is by through the metaphor of a tree.  Integrity is the root of the tree which everything else grows.  Intent becomes more visible after you establish the character, which is just below the soil.  It’s essentially the big trunk the pokes its head out.  The capabilities are the branches and the capacities that enable us to produce.  Results are the fruits.  

So, with the being said, we’re going to have to start going through the cores

Podcast

Positive Mental Attitude: Season 2 – Episode 22 – Quotient Analysis – Part C

Here we go! This is the last part of the quotient analysis!  If you haven’t already done Part A or Part B, I suggest you hit the links on the left and do them before the last part.

13. Learning from defeat
(a) Does defeat cause you to stop trying?

_____ _____
(b) If you fail in a given effort, do you keep trying?

_____ _____
(c) Is temporary defeat the same as failure?

_____ _____
(d) Have you learned any lessons from defeat?

_____ _____
(e) Do you know how defeat can be converted into an asset that will lead to success?

_____ _____
14. Creative vision
(a) Do you use your imagination constructively?

_____ _____
(b) Do you make your own decisions?

_____ _____
(c) Is the man who only follows instructions always worth more than the man who also creates new ideas?”

(d) Are you inventive?

_____ _____
(e) Do you create practical ideas in connection with your work?

_____ _____
(f) When desirable, do you seek sound advice?”

 

15. Budgeting time and money
(a) Do you save a fixed percentage of your income?

_____ _____
(b) Do you spend money without regard to your future source of income?

_____ _____
(c) Do you get sufficient sleep each night?

_____ _____
(d) Is it your habit to employ spare time studying self-improvement books?”

 

16. Maintenance of sound health
(a) Do you know five essential factors of sound health?

_____ _____
(b) Do you know where sound health begins?

_____ _____
(c) Are you aware of the relation of relaxation to sound health?

_____ _____
(d) Do you know the four important factors necessary for the proper balancing of sound health?

_____ _____
(e) Do you know the meaning of “hypochondria” and “psychosomatic illness”?

_____ _____
17. Using cosmic habit force as it pertains to your personal habits
(a) Do you have habits which you feel you cannot control?

_____ _____
(b) Have you recently eliminated undesirable habits?

_____ _____
(c) Have you recently developed any new, desirable habits?”

Rating System

Here’s how to rate your answers. All the following questions should have been answered NO: 3c – 3d – 4b – 5b – 5c – 5e – 6b – 6c – 8a – 8d – 9b – 9d- 10c – 11b – 11c – 12c – 13a – 13c – 14c – 15b – 17a. All other questions should have been answered YES. Your score would have been 300 if all the questions had been answered “No” or “Yes” as shown above. This is a perfect score and very few people have ever made such a score. Now let’s see what your score was.”

Number of “Yes” answers instead of “No”:
——x 4 =——
If you answered “No” to any of the meaning questions that should have been answered “Yes,” deduct four points for each one:
Number of “No” answers instead of “Yes”:
——x 4 =——
Add the subtotals together, and subtract from 300. This will be your score.
Illustration:
Number of “Yes” answers instead of “No”: 3 x 4 = 12
Number of “No” answers instead of “Yes”: 2 x 4 = 8
Total Number of Wrong Answers __________ 20
Perfect Score ____________________ 300
Minus Total Number of Wrong Answers __________ 20
Your Score ____________________ 280

 

300 points _____ Perfect (Very Rare)
275 to 299 points _____ Good (Above Average)
200 to 274 points _____ Fair (Average)
100 to 199 points _____ Poor (Below Average)
Below 100 points _____ Unsatisfactory

You have now taken an important step to success and happiness.”

Podcast

 

 

Reject Rejection: Some Will, Some Won’t; So What – Someone’s Waiting!

I woke up this morning to a message on my LinkedIn.  A man, who invests heavily into Crypto and does a lot of blockchain, denied coming onto my podcast to talk about both topics (it’s very common for those to do so because they’re scared about ruining their reputation — including Forex Traders).

24 hours prior to that, a “spiritualist” who I’ve come across on my Instagram post told me, “oh, due to my bandwidth, I’ll have to decline your offer.”  I scratched my head and said, “huh? Well, ok!”

The point I’m trying to make here reverts back to Jack Canfield’s 18th principle: “Some Will, Some Won’t; So What – Someone’s Waiting!”

I’ve brought on millionaire authors, actresses and so many other unbelievable personalities who shared with my audience unbelievable knowledge.

Rule #1: Acknowledge what you’ve already done!

Sure, I don’t get many responses, but at least I got two that officially rejected me.  In the future, when I’m making it big, guess who will probably come back?  Just saying…this is what always happens.

“If you are going to be successful, you are going to need to learn how to deal with rejection.  Rejection is a natural part of life.  You get rejected when you aren’t picked for the team, don’t get the part in the play, don’t get elected, get denied, don’t get into the graduate school or college of your choice, don’t get the job or promotion you wanted, don’t get the sale, don’t get the raise you wanted, don’t get the appointment you requested, don’t get the date you asked for, don’t get the permission you requested, or you get fired.” – Jack Canfield.

However, rejection is simply a myth! It’s a concept you hold in your ear! Example, back in 2006, I asked a girl name Marja to the senior prom.  She said, “oh, I have an agreement with someone else — sorry!”  Was it a lie? Absolutely…but the simple fact is I wasn’t suppose to go with her to prom because it would’ve been cringing.  Instead, I went with a triplet couple and had a great time.

Just Say “Next!”

Colonel Harland Sanders left his home with his pressure cooker and his special recipe for cooking Southern fried chicken, he received 1,009 rejections before he found someone to believe in his dream.

Because he was rejected over a thousand times, there are now over 10k KFC’s in more than a hundred countries around the world.

“Don’t get stuck in your fear or resentment.  Move on to the next person.  It’s a numbers game.  Someone is waiting to say yes.”

How To Become A Good Conversationalist: Part II – Conversation Gambits

Things being discussed:

  • How to become a conversationalist? What is a gambit?
  • How to strike up a conversation?
  • Different ways of identifying a gambit.
  • You need to be profound.
  • Looking for ways to strike an initiative.
  • You need to be observant of people’s actions.
  • Living in a different country is a way to become a conversationalist.
  • Don’t lie and exploit the gambit.
  • Some gambits can’t be a topic of conversation.
  • What are bad gambits?
  • Don’t talk about personal life.
  • There are a lot of situations and interesting gambits for you to dig into.
  • Cut the conversation if people don’t feel comfortable.
  • Be an excellent listener.

 

Thank you for listening!

 

Thank you so much for joining me for this podcast. Please do write down some feedbacks and comments. Please do share this podcast to your social media.

 

Links:

https://www.spreaker.com/user/thearseniobuckshow/how-to-become-a-good-conversationalist-p

Stephen Covey: Application Suggestions: Emotional Bank Account, Empathy, Closing Your Ears, Autobiographical Responses

It’s time to apply what we’ve already learned about in the blog post: The Emotional Bank Account, with our daily lives.  This has to be the Top 5 most viewed blog on my website.  My guess is it’s providing a significant amount of feedback, and like a lot of writers and other YouTubers out there, they never give an example from their life in regards to them applying the questions and suggestions that books give.  So, here I am to give you a great example.

  1. Select a relationship in which you sense the Emotional Bank Account is in the red.  Try to understand and write down the situation from the other person’s point of view.  In your next interaction, listen for understanding, comparing what you are hearing with what you wrote down.  How valid were your assumptions? Did you really understand that individual’s perspective?

So, the first situation that came to mind was a girl named Zern.  This is a girl I dated towards the end of last year, but things and communication completely fell apart within maybe a two-day period.

What I wrote down was, “she complained about every single detail; from not asking what she wanted out of 7-11, to not picking up the luggage for her at her condo.”  The Emotional Bank Account had become so overdrawn that while driving back to Bangkok, she was spewing an insane amount of pessimism and complaining about even the smallest details.  Her last message was, “you are too independent.”

Am I? Absolutely.  Is there such thing as being “too” independent? Not necessarily.  If I can back track in time and see what I did wrong that day, which was simply not asking her what she wanted from 7-11 (although I didn’t even see her after I came out the restroom), there was more of an underlying problem.  Because I’ve been living alone for so long, I sometimes forget the littlest things.  It’s holding the door open, kiss on the forehead (maybe that’s too much, lol), picking up luggage, washing the dishes, making sure everything is clean when I leave the bathroom, obeying by simple rules.  I’ve been accustomed so much to being alone that I unconsciously do everything based on habits I’ve developed.  Most men in the world go through long spans in life without having another significant other.  I’m one of them.  There was another girl I dated and it didn’t work because she simply said, “we’re too different.”  It’s not necessarily me, but it’s my habits.

What can I do going forward? Well, create a new habit and start practicing being dependent.  However, am I ready for a relationship right now? Absolutely not.  Lol

2. Share the concept of empathy with someone close to you.  Tell him or her you want to work on really listening to others and ask for feedback in a week.  How did you do? How did it make that person feel?

Alissa, a college friend, emailed me after months of terminating the friendship.  She was very sad about my actions in terms of broadcasting what had happened with the botch trip — on FB.  I apologized, pointed out my faults, and I ‘seek to understand.’

She made some valid points, and sure, the friendship could be revived, but after some of the most critical situations in my life….she was never there.  Can I let her back in “close friend” circle? Absolutely not.  That boat sailed.  If there’s something we can do to salvage a “distance” relationship, then fine.  I’m 100% for either decision regardless.

Now, aside from my ridiculous story, I want all of you to use this in terms of rating yourself — the Jack Canfield exercise I talked about a very long time ago. Example.

“Hey, babe, what would you rate me for today?”

“An 8.”

“What can I do to be a 10?”

This could drive people insane because there’s no way anyone is perfect, but establishing close listening and hearing something, without saying a word, can make you a victor and help your relationship.  Synergy!

3. The next time you have an opportunity to watch people communicate, cover your ears for a few minutes and just watch.  What emotions are being communicated that may not come across in words alone?

4. Next time you catch yourself inappropriately using one of the autobiographical responses — probing, evaluating, advising, or interpreting — try to turn the situation into a deposit by acknowledgement and apology.

“Sorry, I just realized that I’m not really trying to understand.  Could we start again?”

Day-tight Compartments: Anxiety & “What Am I Supposed To Do” Happened

Touch a button and hear, at every level of your life, the iron doors shutting out the Past – the dead yesterdays.  Touch another and shut off, with a metal curtain, the Future – the unborn tomorrows.  Then you are safe – safe for today!  . . . Shut off the past! Let the dead past bury its dead . . . Shut out the yesterdays which have lighted fools the way to dust death . . . The load of tomorrow, added to that of yesterday, carried, makes the strongest falter.  Shut off the future as tightly as the past . . . The future is today . . . . There is no tomorrow.  The day man’s salvation is now.  Waste of energy, mental distress, nervous worries dog the steps of a man who is anxious about the future . . . Shut close, then, the great fore and aft bulkheads, and prepare to cultivate the habit of a life of ‘day-tight-compartments.’ ” – Dale Carnegie

When I read this a few days ago, I had weight lift off my shoulders.  It was a vortex of melancholy.  I was sitting on my bed, hunched over, and these thoughts started bearing down on me.  I get worked up when jobs send me jobs, stay quiet for about a week, then I have to ask them, “what happened?”  and when I do, they say “sorry, they chose another teacher.”

This is very infuriating, as what I’ve said a many times before, so I took charge.  I decided to email them back and I went on a clean, concise rant before blocking the email.

I won’t sit around and weight for people to choose me at the end of the stick because of obvious reasons.

I woke up the next morning and said, “what have I done?!”  But, in the end, did I want to work for a place like that anyways? Absolutely not.

So what did I do? I was succumbed by worry – worry that didn’t make any sense.  I look at my bank accounts and say, “I’m actually pretty good right now.”  I look at my income for this month, and I’m actually in a pretty good surplus.  So what the hell is it that I’m worried about?

The Future

I had to revert to the manual.  The future, and thinking about all the what ifs, will drive us insane.  It drives a lot of people to insanity, depression, and death.  As all of you have heard a many of times, we can only control the things that are happening at that moment – nothing else.  We get so caught up in the “what’s going to happen next month? I don’t have anything coming up? Omg. I’m in trouble!” However, this has happened so much in terms of my life even back in Australia.

I was a dental temp and boy, during the Christmas holidays, I was completely out of money.  I had all my money in an account I had no access to and banks were closed for like 2 weeks.  Not only that, but being a dental temp, a lot of offices are on vacation.  It picked back-up (obviously after Christmas), but my life was never in real danger, nor is it here (given the fact that expenses are much cheaper).  I know what I’m doing and I know where I’m going in life right now, so the goal is to stay focused.

Podcast

Napoleon Hill: Cooperation – Introduction

As always, I love using Gary Vee to kick off the blogs because he has a way of doing things that’s very unorthodox.  He doesn’t have that “mastermind” group, as one asked him at a keynote speech.  He says he listens to the market and opinions of other people as his fundamental way of getting ideas out there.

On the other hand, you’ve heard of Harvey Firestone, Henry Ford, and Thomas Edison hanging out together on a wintry winter deep inside forests – exchanging ideas.

Everyone has their own way of doing things.

If I look back at my life, and what’s currently happening and ask myself: “Arsenio, do you have a mastermind group?”

“No.”

Sometimes I get off track with distractions.  If someone comes into my life, I get sidetracked if we’re not aligned with things and fall into a weird state of mind where I feel….depressed.

Who’s in my ear every morning? Well, if I need a jump, I listen to Eric Thomas, who’s an outstanding motivational speaker.  This comes when times are tough.  However, when I’m on fire and need to get things done, I go straight into Gary Vee’s podcast or YouTube video.  This gives me a lot of ideas and puts me in such a positive state of mind.  I surround myself with figures all around the planet whom don’t even know they’re part of my mastermind group.  Who says it has to be physical?

In Napoleon Hill’s Book, Co-operation is the beginning of all organized effort.  Remember what I talked about in the first lesson of this course in terms of Andrew Carnegie accumulating a gigantic fortune through organized efforts.  Gary Vee also talks about being in that community of people, which I’ve met a lot of on his page.  I have a handful of awesome entrepreneurs in my Facebook area because of that community on his page.

First, the co-operation between people who group themselves together or form alliances for the purpose of attaining a given end, under the principles known as the Law of the Master Mind.

Second, the co-operation between the conscious and the sub-conscious minds, which forms a reasonable hypothesis of man’s ability to contact, communicate with and draw upon something greater.

Before we get into the basis of this lesson, there was something that struck me while reading a particular page of this lesson.

“If I can impress my subconscious mind with the desire to arise at a specified time and it will awaken me at that time, why do I not form the habit of impressing it with other and more important desires?”

Pretty interesting theory, ey? This is basically saying if you feed your mind over and over the information you want at any given time, you will win.

Podcast

Books & Podcast Schedule for January 2018

January 1st – Goal-Setting 

Now that I have hired a graphic designer, I now get a second opinion about everything I’m doing an how I can run new traffic through my podcast.  There needs to be an easier way to access certain things in terms of self-confidence, habits, savings, etc.  I feel on my podcast right now is just a stream of information jumping from one side to the other.  However, having Lewis Howes book on weekends gives everyone an idea of when something is debuting.

Schedule

I think having a schedule and having an internal preview is vital.  That’s why I tell the majority of my followers to follow me on Instagram and Twitter because they’ll be able to figure out what books they want to follow.  So, here’s the schedule for January.

Monday – Idle (this day I will add in a “ramble of positivity,” or something outside the book.

Tuesday/Wednesday – Darren Hardy’s Compound Effect: A very actionable book that gives you things to put in place.  The Compound Effect, like the Law of Attraction, is a telling of doing the small things will compound over time.  People cannot gain 30 lbs (15kg) overnight; this happens because of a compounded habit over the course of x amount of months/years. I’ll post the link below with the introduction so you guys can follow suit.

Thursday/Friday – Napoleon Hill’s ‘Law of Success’ is soon to finish.  I have the co-operation lesson and a few more to go before it finished in its entirety.  So this should go on for the next month or so.  If you guys are interested in some of those lessons, check out the link below and start from the introduction.

Saturday/Sunday – Lewis Howes ‘Masks of Masculinity’ is probably some of the most important books for both men and women because a lot of people suffer from societal masks. This book debuts every Saturday and Sunday.

 

The Direction of The Podcast

Now, August-October were the most successful months in my podcast’s history.  However, November and December was an absolute nose-dive.  I’m not exactly sure what’s happening, but I’m looking back at some of the content and maybe it’s not – actionable.  Now Darren Hardy is one of my favorite books because it provides everyone with lots to do.  Those were big listeners.  However, I still believe it’s a small select group of listeners who listen to me from around the globe.  For instance, I would know the iPad and Android listeners because one was a student and the other was a friend.  If I check the sources now, both are gone because I stopped either talking and/or teaching both.  Having a podcast per day can’t be overwhelming, and the more content that I put out there, the better.  I absolutely love doing it, and regardless if anyone is listening to me or not, I will continue doing it at all costs.

More Interviews

The more interviews and exposure, the better.  The collaborations are critical with podcasts.  Gary Vee would say try paying influencers to put your podcast on their Instagram, but I do believe there’s a more organic way of doing it.  I started sending messages on Instagram to some people.  Half responded and were happy about doing it, until they disappeared.  One talked about an outrageous fee of 995$, but not sure if that was for her to be on my show or me to be on her show.  She was extremely charismatic, but there are plenty of other people out there who would do it for free.  Again, it’s just a podcast.

Facebook Advertising

I’ve hit rock bottom and hit a lot of empty holes with advertising on Facebook.  I would get maybe a click or two, but that’s in.  No comments or anything….so I’m still trying to figure out the Facebook area.

Podcast

Dale Carnegie’s First 8 Chapters On How To Stop Worrying & Start Living

Chapter 1 – Live In “Day-tight Compartments”

There’s nothing in the past that will help you with the present or future.  There are clues that are left behind, but whatever it is from the past that you needed to learn, you learned.  Beyond that, nothing is ever promised tomorrow.  Living in these day-tight compartments, especially for relationships, are essential.

Podcast: https://www.spreaker.com/episode/11929629

 

Chapter 2 – A Magical Formula For Solving Worry Situations 

This three-step process can help a lot of you at work, home, and just about everywhere else in life when things are going wrong.  Figuring out the worst case scenario for what happened about three weeks ago in terms of a side project helped me sleep at night.  Building upon the worst case scenario will give you such a sense of satisfaction and relief….only to find out that the worst case scenario never happens.  This is another useful technique for solving those problems that we deem to be gigantic.

Podcast: https://www.spreaker.com/episode/11977418

 

Chapter 3 – What Worry May Do To You 

I recall talking on my podcast about a study that was conducted decades ago on 10,000 patients who were suffering from stomach pains.  30% of them had developed stomach ulcers because of the degree of worry they were suffering from.  The other 70% didn’t have anything wrong with their physical being, so it came from stress.  Another prime example is chest pain – that which coach Urban Meyer suffered from during his tenure as head coach at the University of Florida.  Worry can bring pain to the body.

Podcast: https://www.spreaker.com/episode/11985395

 

Chapter 4 – How To Analyze and Solve Worry Problems 

What am I worrying about?

What can I do about it?

Here is what I’m going to do about it…..

When am I going to start doing it……

Podcast:  https://www.spreaker.com/episode/12014470

 

Chapter 5 – How To Eliminate 50% of Your Business Worries 

If you’re in endless meetings where you going around in circles, complaining about individuals work performance, there are a number of ways you can get rid of that.

Podcast: https://www.spreaker.com/episode/12088150

 

Chapter 6 – How To Crowd Worry Out of Your Mind 

I didn’t know this back in 2009, but I realized how critical it was to keep myself busy during depressing times.  When I was getting over my first ever relationship, I was in complete and utter shambles – holding onto dear life.  However, after enrolling into fantastic classes and being around people who stripped away the dark past that lingered over me, life changed — for the absolute best.

Podcast: https://www.spreaker.com/episode/12106540

 

Chapter 7 – Don’t Let The Beetles Get You Down 

I recently watched U-571 to get a feel of how vicious depth-charges are, and my goodness, just imagine being bombed under 200 feet of water.  It makes all of those microscopic worries go away.

Podcast: https://www.spreaker.com/episode/12139060

 

And the Law of Averages….

Do you feel that you’re going to crash from being on an airplane? Struck by lightning? Be buried alive? Think again.

Podcast: https://www.spreaker.com/episode/12151391