This is Bill Perkins.
He's worth 100s of millions, a hedge fund manager, poker player, asymmetric thinker...
And my smartest mentor.
Steal his 7 principles on how the rich think differently:
1. You Have ZERO Risk
Most people are afraid of risk because their egos can’t stand looking like an idiot.
I remember being slightly mind-f*cked by Bill's idea that educated people have no actual financial risk.
Listen to him explain it here:
Most people are afraid of risk because their egos can’t stand looking like an idiot.
I remember being slightly mind-f*cked by Bill's idea that educated people have no actual financial risk.
Listen to him explain it here:
VIDEO
2. Don’t Get Attached To Your Ideas
You need people in your life to give you a reality check from time to time.
One time at Bill’s house, I was in the midst of sharing a new business idea when he interrupted me to ask:
"Has small infected your thinking?"
You need people in your life to give you a reality check from time to time.
One time at Bill’s house, I was in the midst of sharing a new business idea when he interrupted me to ask:
"Has small infected your thinking?"
VIDEO
3. Faster You Move, More $ You Make
Rich people aren’t smarter than you, they’re FASTER. By the time their competition is taking step one, they’ve:
- Failed 4 times
- Lost a shit ton of money
- And figured out a better path
Rich people aren’t smarter than you, they’re FASTER. By the time their competition is taking step one, they’ve:
- Failed 4 times
- Lost a shit ton of money
- And figured out a better path
VIDEO
4. If You’re Not Failing, You’re Not Trying
Bill once lost $10M on a failed energy project in El Salvador. Didn’t bat an eye.
Because he knows, NOT trying is the only true failure.
The “shortcut” to success is to learn what failure looks like, then avoid it next time.
Bill once lost $10M on a failed energy project in El Salvador. Didn’t bat an eye.
Because he knows, NOT trying is the only true failure.
The “shortcut” to success is to learn what failure looks like, then avoid it next time.
VIDEO
5. Fire Yourself
Know your strengths + know your goals.
If you want one pizza parlor, you can be the guy who makes the pizza. If you want to be Pizza Hut, you can't.
Hire people that are better than you and then get out of their way.
Know your strengths + know your goals.
If you want one pizza parlor, you can be the guy who makes the pizza. If you want to be Pizza Hut, you can't.
Hire people that are better than you and then get out of their way.
VIDEO
6. The Peak Utility of Time
Successful people are OBSESSED with how they spend their mental energy.
Ruthlessly eliminate anything below your hourly rate.
You can't buy time, but you can buy back your focus.
Successful people are OBSESSED with how they spend their mental energy.
Ruthlessly eliminate anything below your hourly rate.
You can't buy time, but you can buy back your focus.
VIDEO
7. Money Is Worthless If You Don't Use It
Bill's book "Die With Zero" seriously changed my perspective on this stuff.
The main takeaway? Use your money while you can still actually enjoy it.
Bill's book "Die With Zero" seriously changed my perspective on this stuff.
The main takeaway? Use your money while you can still actually enjoy it.
VIDEO
When your friend is a billionaire, you listen when they talk.
Thanks for letting me share a bit of Bill's wisdom with you.
Follow me @Codie_Sanchez if you learned something & feel free to repost:
Thanks for letting me share a bit of Bill's wisdom with you.
Follow me @Codie_Sanchez if you learned something & feel free to repost:
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This interview was from our annual event (Main Street Over Wall Street) that we recently let out of the vault...
You can listen to the full conversation w/ @bp22 here:
youtube.com/watch?v=EXMTbe…
You can listen to the full conversation w/ @bp22 here:
youtube.com/watch?v=EXMTbe…
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