[REVEALED] 6 Ways To Make Capitalism Work For YOU
Becoming a success is all about the journey you follow. It’s about having the ability to look inside yourself to grow and change. If you are not able to challenge yourself to do better and to be better, you will never achieve the success you crave.
Life is always going to throw you curveballs.
The people that learn how to roll with the punches and work through the tough moments are the ones that will succeed.
When I was fired from my banking job, dumped, and had a near fatal overdose all in one week, I could have given up on myself, but I didn’t. I turned my misfortune back on itself and used my failures as motivation to launch London Real.
I was able to sit down with the incredibly inspiring Patrick Bet-David, a man much like myself, who overcame enormous odds to create the YouTube channel Valuetainment, which takes complex leadership management and entrepreneurial ideas and converts them into simple life lessons.
Patrick and Valuetainment
Valuetainment now has over 1 million subscribers and has allowed Patrick to interview some of the most interesting people in the world (much like what I do), from mob bosses to actors to NBA players.
Patrick was born in Iran and grew up in a constant war zone. He and his family fled to America when he was only ten years old. His family was incredible poor, relying on welfare and food stamps.
After growing up in poverty and then spending time in the military, Patrick decided to change his life. He started his own company, PHP Agency, an insurance sales, marketing and distribution company in 2009. It is now one of the most successful and fastest growing companies in the financial marketplace.
Patrick has countless inspiring ideas, tips, and stories to share about becoming a successful entrepreneur, but one of the most important things he has come to discover — that I want to share with you today — is his belief in Free Market Capitalism, broken down into 6 key points…
1. Why Free Market Capitalism Works
Before Patrick entered the marketplace, he had received conflicting views on economics from his upbringing. From his mother he received strong communist beliefs; his mother hated anyone who was rich. On his father’s side there was an imperialist value; anyone who is poor is simply lazy.
When Patrick himself began working to launch his own business, he was a street kid with a 1.9 GPA and a poor family. But he realized something important right off the bat. Even though he wasn’t the smartest man in the room, the most secure, or the most self-confident, he worked twice as hard. It was because he believed in his goals. His work ethic allowed him to surpass his competitors and succeed in building one of the top insurance companies in the market.
When it comes down to it, not everyone is willing to work hard. Capitalism works because it rewards the individuals who put in the most work, no matter where they came from.
Capitalism isn’t just about money either. It is about selling. The individual will always choose what is best sold to them, from their partner to their religion. Patricks put it incredible well when he said “Everyone is fighting, and the best in the marketplace survive.”
Patrick’s beliefs regarding capitalism in the marketplace shaped the kind of worker he has been throughout his whole career. However, Patrick has many other lessons to share to guide the aspiring entrepreneur on a path to success. And they’re lessons I agree with.
2. Control Your Chip
Patrick has always been inspired by people who have what he calls “a chip.” These people are often immigrants or women. They are people who come into the marketplace with something to prove. As an immigrant himself, Patrick’s own chip was a motivating factor in building his business and achieving success.
However, the ability to control your chip is just as important as having one in the first place… When you let ego take over, you lose control and perspective.
Remember, in the marketplace it is never about “me versus you.” It’s always about you against yourself. When you are competing against yourself and operating at your highest capacity, you find success.
3. Self Examination Is Key
Getting to the next level in business is all about going inside and correcting your limiting habits. All of your combined experiences shape who you are, and you must embrace all those experiences, both the good and the bad!
In the age of social media, nothing is really private anymore. Anyone can find out information about you with a few searches.
The deeper you are able to get with yourself, the better you can deal with others.
4. The Misconceptions About Being an Entrepreneur
Here’s the real deal: being an entrepreneur is ugly, lonely, frustrating and exploitative. You have to constantly reinvent and reevaluate. Those that stop working hard once they think they have gained a level of success are the first to get knocked out of the game.
The most important thing when beginning a life in entrepreneurship is to have a clear and solid answer about why you want to go into this business. Your business has to matter to you.
When you know exactly what you want, you will know exactly how to get it. When you work with passion and drive, you will reach your goals.
5. The Mentor Trifecta
The key to finding good mentors lies in the trifecta strategy. There are different levels of mentorship.
The first are those represent theory. They are well educated and well read and can pass on their theories to you.
The second level is experience. To Patrick this means learning about someone or something by talking to others who have worked with said person or said thing.
The final level of mentorship is application. This is the mentor that can give you personal first hand accounts of how they accomplished the things you are striving to accomplish.
The perfect future CEO has all three of these levels mastered. They are who you want on your team.
6. The Most Important Thing to Tell a Young Entrepreneur
At the very end of my interview with Patrick I asked him what he wishes he could have told himself when he was just starting out. Here is what he said.
Stop trying to please the people that don’t matter.
Focus on working on your insides instead of focusing on your image.
If you keep out-improving the people around you, you will overcome all competition. Hard work is mandatory. Most people don’t keep improving, but you must.
Question everything. Ask yourself what you are looking for, who you want to be, and what kind of life you want to live. Then create a set of principles and values that you want to live by. Unhappy comes when your principles and values do not match the way you are living your life.
After talking to Patrick, I feel incredibly inspired. Do you? And what are you going to do about it?