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Lewis HowesLewis Howes

The KEY SIGNS You're Going To Become SUCCESSFUL & WEALTHY | Patrick Bet-David & Lewis Howes

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Patrick Bet-DavidguestLewis Howeshost
Aug 12, 20201h 22mWatch on YouTube

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At a glance

WHAT IT’S REALLY ABOUT

Patrick Bet-David on Sequencing, Relationships, Doubling Money, and Living Aligned

  1. Patrick Bet-David says the biggest key to success is sequencing, meaning the order of your moves, and that the first move is deciding who you want to be rather than who others want you to be.
  2. He tells stories from his own life, such as nearly marrying at 23 and launching his company before he was ready, to show both costly sequencing mistakes and how to make the best of a premature decision.
  3. He and Lewis Howes agree that rich lives are built on discerning judgment of people, continuous learning, and generous relationship-building, with Bet-David stressing that any contact could change your life.
  4. On money, Bet-David lays out rules: treat it as a game, keep cash for opportunities, think in terms of doubling, and be patiently aggressive, using examples such as Amazon, Berkshire Hathaway and his Wayne Gretzky cards.
  5. The conversation closes on marriage, guilt versus regret, and his three truths and definition of greatness as alignment between values and the life you live.

IDEAS WORTH REMEMBERING

5 ideas

Sequencing separates high achievers from everyone else

Bet-David says two people with the same vision will arrive at different times, or not at all, depending on the order of their steps, and that most people try to do move 14 on move three.

Your first move is defining who you want to be

He argues you must be honest about whether you want a modest, content life or all the marbles, and if envy of others creeps in, you may be living someone else's life.

You don't have to be the founder to build wealth

Using Bob Iger and Steve Ballmer as examples, he says an intrapreneur does everything an entrepreneur does except put up the money, and he suggests locking onto rising people early, like picking a stock when it's a small cap.

Relationships are like a book of business

Bet-David says one contact can change your life, citing a referral that opened Florida, and that you should focus on giving value rather than asking what you can get. Lewis Howes echoes this with his father's handwritten letters.

Money is a doubles game that rewards patience

He shows that $1,000 is nine doubles from a million and a million is ten from a billion, and that the biggest doubles come in years 15 to 25, so you must be patiently aggressive while keeping cash ready for opportunities.

WORDS WORTH SAVING

5 quotes

The pressure of perfection of marriage ruins everybody.

— Patrick Bet-David

If you cannot replace yourself with a job within four weeks, you have a terrible contact list.

— Patrick Bet-David

You're one contact away from your life changing.

— Patrick Bet-David

Alignment. It's purely alignment. Uh, if I'm aligned with the, my values and principles and my goals and dreams, and those two are aligned, I'm the most fulfilled, happiest person alive.

— Patrick Bet-David

If you can't walk on water, don't judge another person's mistake then.

— Patrick Bet-David

Read the available transcript
Sequencing and your next five movesDeciding who you want to beEntrepreneur vs. intrapreneurBuilding and valuing relationshipsMoney as a doubles gamePatience and compoundingMarriage, guilt, and sacrifice

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SPEAKERS

  • Patrick Bet-David

    guest

    Entrepreneur, Valuetainment founder, and author of “Your Next Five Moves.”

  • Lewis Howes

    host

    Host of “The School of Greatness” and author/podcast interviewer.

High quality AI-generated summary created from speaker-labeled transcript.

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