4.8 • 826 Ratings
🗓️ 10 September 2024
⏱️ 4 minutes
🧾️ Download transcript
Whether you’re aiming to grow your income or build an empire, this episode will guide you toward cultivating the mindset needed to reach your financial goals.
Do you have a dream of becoming a millionaire or even a billionaire? What most people don’t know is that it starts with a rich mindset. So join Dan Lok and the 50-billion dollar man, Mr. Dan Peña, as they discuss the shocking differences in mindset between millionaires and billionaires, and how you can develop the millionaire or even billionaire mindset.
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0:00.0 | What's the difference from your point of view, someone who wants to make, let's say, a million dollars a year |
0:21.6 | versus 10 million or 100 million, even a billion dollars. |
0:25.6 | The mindset, also the mechanic of it. |
0:32.6 | Well, part of the mechanics and the mindset, |
0:36.6 | come up with an idea or service. |
0:38.5 | If you can't be first, you've got to be different. |
0:40.7 | And if your idea in your mind can change a billion lives, i.e. like Facebook, okay, you'll be a billionaire, or you'll be a long ways towards being a billionaire. |
0:51.2 | Most people don't understand, just because they come up with an idea, |
0:58.5 | it doesn't mean anybody else is going to like it. They haven't done any testing whatsoever. |
1:02.5 | They haven't done any, I don't like to say, used the word focus groups because it's overused. |
1:03.1 | Due diligence. Do due diligence, absolutely. They don't know. Their wife likes it. Maybe their cousin likes it. |
1:07.8 | The mom likes it. Yeah, the mom likes it. You know, mom likes anything the kids do. |
1:13.3 | So something that it's big enough to impact millions or billions of people's lives. |
1:18.3 | Correct. |
1:19.2 | And back then, you were saying health care and telecommunication, which is also the Internet. |
1:24.6 | Still, health care and health care represents in America, represents almost 20% of GDP |
1:30.6 | gross national product. And the, and it's still, my people my age don't want to die. Okay, |
1:38.1 | so we'll spend whatever it takes. And now, of course, telco is expanded into internet. And, you know, every single day, there's a new internet product. And that, of course, Telco has expanded into Internet, and you know, every single day there's a new Internet product. |
1:47.0 | And, of course, now we have the Google and we have, you know, all the ancillary social media tools. |
1:55.0 | And so now it's still those two areas. |
1:58.0 | And of Telco, stroke, of, telco, stroke internet, |
2:01.1 | the hottest, hottest, hottest thing on the planet right now is cybersecurity. |
... |
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