Introduction

The speaker introduces themselves and the context of the lesson, mentioning that they have been working on Hustlers University since 7am and it is now 11 o'clock at night.

Lesson Context

• The speaker mentions that this is lesson number 63.

• They encourage viewers to pay attention to the lessons and not worry about keeping up with the numbers, as there are a total of 100 lessons.

• Viewers are advised to watch the lessons again if they feel like they missed something or need a refresher.

Importance of Reviewing Lessons

The speaker emphasizes the importance of reviewing previous lessons before moving forward, especially for those who are serious about getting rich. They explain that upcoming lessons will build upon previously learned concepts.

Key Points

• It is recommended to go back and start watching the lessons from the beginning in order to fully grasp and apply the teachings.

• By reviewing, viewers can ensure they haven't forgotten important information necessary for success.

• Taking time to review will allow for better understanding and application of future lessons.

Leading by Example

The speaker discusses the importance of leading by example in business and explains how being a boss means working harder than your staff.

Key Points

• As a boss, it is essential to work harder than your staff in order to set an example and lead effectively.

• The speaker shares their experience with managing cam girls, highlighting how they worked more hours and took care of additional responsibilities compared to their employees.

• Leading from the front means taking on more tasks, providing guidance, and showing dedication.

• If more work needs to be done or if goals need to be achieved, it is important to delegate tasks to the staff and ensure they are working efficiently.

Efficiency in the Workplace

The speaker discusses the inefficiencies commonly found in standard companies and emphasizes the importance of making staff work properly.

Key Points

• Many companies are inefficient, with a significant amount of work not being completed.

• One way to save money is by having fewer staff members who are motivated to work harder.

• Incentivizing employees to give their best effort is crucial for productivity.

• The speaker suggests that most companies could function just fine with half of their current workforce if those remaining put in 100% effort.

Working Hard as a Boss

The speaker reflects on their own dedication and commitment to their work, emphasizing that being a boss means putting in long hours and leading by example.

Key Points

• The speaker acknowledges filming late at night and highlights their hard work throughout the day.

• They dismiss the notion of burnout, stating that it is a choice between wanting to be rich or not.

• Burnout is seen as an excuse for not putting in the necessary effort and getting things done.

• The focus should be on completing tasks rather than worrying about burnout.

Belief in Cause and Effect

The speaker expresses their belief in cause and effect, rejecting the idea of burnout. They emphasize the importance of finishing tasks rather than using burnout as an excuse.

Key Points

• The speaker believes in living in a binary world where tasks are either done or not done.

• They argue that there is no such thing as burnout; instead, it's about prioritizing tasks until they are finished.

• Rather than focusing on burnout, individuals should focus on completing their work and achieving their goals.

The Value of Hard Work

The speaker discusses the value of hard work and challenges the notion of burnout by emphasizing the importance of having financial security.

Key Points

• If someone works to the point of burnout, they should have substantial financial resources as a result.

• The speaker suggests that if someone is truly burnt out to the point where they can't function, it indicates a lack of financial security.

• They argue that working hard and getting things done is more important than worrying about burnout.

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The Easiest Way to Spell Burnout

In this section, the speaker discusses the concept of burnout and challenges its validity.

The Definition of Burnout

• The speaker explains that in the millionaire club, they spell burnout as "the easiest way to spell it" because they believe burnout is often misunderstood.

• They argue that people often talk about burnout as if it only affects young individuals who haven't achieved much. However, at 19 years old, the speaker had a lot of energy and was constantly working towards their goals.

Overworking and Enjoying Life

• The speaker dismisses the idea of overworking and states that overworking only applies when someone is not enjoying their life despite having achieved financial success.

• They emphasize that there's no such thing as overworking when you're broke because you have a mountain to climb in terms of achieving success.

Work as Life

• According to the speaker, work is their entire life. They work all the time and even during lunch meetings or networking events.

• They believe that dedicating oneself fully to work is necessary to reach the top and achieve success.

You're Never Tired When You're Winning

This section explores the connection between motivation, energy levels, and financial success.

Winning Energizes

• The speaker shares a lesson from professional fighting: they were never tired when they were winning but felt exhausted when they were losing.

• They apply this lesson to life in general, stating that if someone struggles with motivation for work, it's likely because they are not making money.

• When money starts pouring in and contracts keep coming, one will have all the energy in the world because they are winning.

Cash Flow and Motivation

This section highlights the importance of cash flow in maintaining motivation and a positive mindset.

Struggling with Motivation

• The speaker suggests that if someone is struggling with motivation and mindset, it's often due to a lack of cash flow.

• They emphasize that fixing the cash flow issue can solve many other problems, including mindset and motivation.

• Making money is crucial for enjoying one's company, feeling happier, and staying motivated.

The Importance of Making Money

This section emphasizes the significance of making money in business and personal success.

Money as the Foundation

• The speaker asserts that to think like a millionaire or achieve financial success, one must first focus on making money.

• They highlight their own accomplishments such as having an accountant, tax code registration, copyright, trademark, etc., which are only possible because they have made money.

• Making more money leads to better mindset, enjoyment of the company, happiness, and motivation.

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New Section

In this section, the speaker discusses the importance of building a small, elite team and being ruthless with staff. They emphasize that having a large number of staff can be a nightmare and that it's better to have a small team of highly motivated individuals.

Building an Elite Team

• It is important to be ruthless with staff and fire anyone who is not performing well.

• The speaker suggests building a small, elite team rather than having a large number of staff.

• Special forces soldiers are used as an analogy for the effectiveness of a small, highly skilled team.

• Multifaceted individuals who can perform multiple tasks are valuable members of the team.

New Section

In this section, the speaker emphasizes the importance of taking action and doing something rather than waiting for perfection. They discuss how there is always work to do in a business and encourage training staff to have the same mindset.

Taking Action

• It is crucial to take action and do something rather than waiting for everything to be perfect.

• There is always work to do in a company, such as marketing activities or improving processes.

• Doing something, even if it's not perfect, is better than doing nothing at all.

• Staff should be trained to have the same mindset of taking action and constantly finding ways to contribute.

New Section

In this section, the speaker talks about creating curiosity around your business through mystery cells. They explain that getting people curious about who you are and your products can lead to increased interest and sales.

Creating Curiosity

• Mystery cells involve creating curiosity around your business and products.

• Getting people curious about who you are can generate interest and attract customers.

• The speaker encourages viewers to keep their strategies secret in order to pique curiosity.

• Building a sense of mystery can lead to increased sales and engagement with your brand.

Creating Curiosity in Marketing

In this section, the speaker emphasizes the importance of creating curiosity in marketing strategies to attract customers and increase sales.

Importance of Curiosity in Marketing

• Curiosity sells and businesses should focus on generating curiosity among their target audience.

• Many businesses lack curiosity in their marketing efforts, which can hinder their success.

• The speaker highlights the significance of incorporating curiosity into marketing campaigns, even for online businesses.

• Curiosity is a powerful motivator for people to make purchases, especially for high-end items.

Harnessing Curiosity

• The speaker uses an example of cam girls to illustrate how curiosity plays a role in attracting customers. People are more likely to engage if they are curious about what happens in private sessions.

• Incorporating curiosity into advertising and marketing messages can be as simple as offering a free gift or bonus with a purchase.

• Curiosity is often underused but extremely important because people are naturally nosy and want to know more.

Taking Credit and Owning Success

This section focuses on the importance of taking credit for successes and owning failures rather than attributing them solely to luck.

Taking Credit for Successes

• Always take credit for your achievements, even if luck played a part. It applies not only to business success but also when providing products or services to customers.

• Many times, people fail to take credit when it is due, which diminishes their credibility and reputation.

• By claiming credit for successes, you appear more competent and capable to clients and customers.

Owning Failures

• Blaming bad luck for failures is not productive. It is essential to take responsibility for your business's shortcomings.

• People tend to blame others or circumstances when things go wrong, but it is better to accept the blame and learn from the experience.

• Taking credit for successes and failures shows confidence and competence, which can attract clients who value those qualities.

The Value of Loyalty

This section highlights the importance of loyalty in various aspects of life, including relationships and business.

Loyalty as a Key Trait

• Loyalty is crucial not only in work environments but also in personal relationships.

• Smart workers are valuable, but loyal workers are even more important.

• Loyalty enhances trust, reliability, and long-term commitment.

Loyalty Beyond Work

• The speaker emphasizes that loyalty extends beyond work situations to all areas of life.

• Whether it's cam girls or girlfriends, loyalty plays a significant role in building strong connections.

• Without loyalty, people lose their value and significance.

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New Section

In this section, the speaker discusses three different perspectives: the girlfriend perspective, the cam girl perspective, and the employee perspective. The importance of loyalty in relationships and business is emphasized.

Girlfriend Perspective

• Loyalty is identified as the number one desired trait in a girlfriend.

• Even if a girlfriend has negative qualities or is difficult to deal with, as long as she remains loyal, she should be kept.

• If there is a chance that a girlfriend might cheat, it is advised to end the relationship regardless of her other positive attributes.

Cam Girl Perspective

• The speaker poses a question about which type of cam girl he would prefer: one who is attractive, makes good money but may not be loyal or one who is average-looking, less financially successful but dedicated to his company.

• The answer given by the speaker is that loyalty outweighs attractiveness and financial success in this scenario.

Employee Perspective

• Loyalty is highlighted as crucial in running a successful business.

• It is suggested that even when faced with choosing between loyalty and other desirable traits such as intelligence or work ethic, loyalty should always be prioritized.

• Promotions and rewards should be based on loyalty rather than solely on skill or performance.

New Section

In this section, the speaker continues discussing important lessons related to business success. He emphasizes the significance of loyalty and self-care for entrepreneurs.

Importance of Loyalty

• Loyalty is described as essential not only in business but also in various relationships.

• The speaker states that promoting and taking care of loyal individuals should be prioritized over those who may possess greater skills or abilities.

Feeding Yourself First

• Entrepreneurs are advised to prioritize their own financial well-being before focusing on their company's growth.

• While reinvesting in the business is important, the speaker shares a personal experience where he missed an opportunity to accumulate significant wealth by solely focusing on keeping the company afloat.

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New Section - Managing Finances for Business Success

In this section, the speaker emphasizes the importance of managing finances effectively to ensure business success and personal financial security.

Importance of Having Money in Company Account

• It is crucial to have money sitting in the company account.

• Personal taxes should not be a reason to avoid keeping money in the company account.

• Finding ways to manage taxes effectively is essential.

• Being financially prepared allows for stability during challenging times.

Look After Yourself First

• It is important to prioritize personal financial well-being.

• Avoid putting all profits back into the company without considering personal needs.

• Don't solely focus on the success of the company at the expense of personal financial security.

Balancing Company and Personal Finances

• A company is just a legal entity; it's essential to remember that you are a real person with financial responsibilities.

• Take care of personal bills and obligations before prioritizing the company's needs.

• While nurturing and growing your business, always keep your own financial situation in mind.

Planning for Uncertain Times

• Consider what you would have if your company suddenly failed or faced significant challenges.

• Ensure that you have enough personal savings or assets as a safety net.

• Always keep in mind your own financial standing when making decisions for your business.