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The MONEY Expert: If I Was Broke Today, This Is EXACTLY What I’d Do | Patrick Bet-David

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Dec 18, 2023

Guest

Patrick Bet-David

Patrick Bet-David, the founder of Valuetainment and a bestselling author, shares his journey from immigrant to serial entrepreneur. He discusses practical strategies for rebuilding success from scratch and emphasizes the importance of analyzing past experiences for future growth. Patrick highlights the difference between 'Worthy' and 'Unworthy Enemies' as sources of motivation. He delves into the mental blocks hindering financial success and the significance of authentic relationships in business, all while encouraging listeners to stay true to their values.

01:13:13

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ANECDOTE

Losing Favor

Bet-David's biggest fear is losing God's favor, similar to a football player losing the coach's favor.
Maintaining favor requires consistent effort and a positive attitude.

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ADVICE

Selling Success

Promote your wins without arrogance by inspiring others.
Share your journey, highlighting the hard work and possibilities.

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ADVICE

Read Meditations

Read Meditations by Marcus Aurelius.
It teaches you to stay grounded and remember you're just a man.

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Rebuilding Connections and Cultivating Authenticity

04:13 • 18min

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Convenient Nutrition: Meal Kits and Superfood Shakes for the Holidays

22:16 • 4min

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Lessons of Growth and Resilience

25:50 • 22min

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Understanding the Mental Blocks to Financial Success

47:31 • 4min

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Leadership and Market Value

51:02 • 17min

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Wellness Supplements and Business Growth Insights

01:08:20 • 3min

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Harnessing Emotions for Success

01:11:30 • 7min

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Book Recommendations and Innovative Networking App Discussion

01:18:31 • 2min

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Faith, Legacy, and Personal Values

01:20:30 • 4min

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Wrapping Up with Appreciation and Holiday Solutions

01:24:40 • 2min

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#1433

• Mentioned in 29 episodes

Choose Your Enemies Wisely

Patrick Bet David

Greg Dinkin

#2637

• Mentioned in 17 episodes

What It Takes

Lessons in the Pursuit of Excellence

Stephen Schwarzman

In 'What It Takes: Lessons in the Pursuit of Excellence', Stephen A. Schwarzman shares his journey to success, offering insights into finance, leadership, and philanthropy. The book provides a behind-the-scenes look at building Blackstone and emphasizes the importance of resilience, decisiveness, and continuous learning in achieving excellence.

• Mentioned in 1,342 episodes

Atomic Habits

James Clear

Atomic Habits by James Clear provides a practical and scientifically-backed guide to forming good habits and breaking bad ones. The book introduces the Four Laws of Behavior Change: make it obvious, make it attractive, make it easy, and make it satisfying. It also emphasizes the importance of small, incremental changes (atomic habits) that compound over time to produce significant results. Clear discusses techniques such as habit stacking, optimizing the environment to support desired habits, and focusing on continuous improvement rather than goal fixation. The book is filled with actionable strategies, real-life examples, and stories from various fields, making it a valuable resource for anyone seeking to improve their habits and achieve personal growth.

#144

• Mentioned in 141 episodes

Elon Musk

Tesla, SpaceX, and the Quest for a Fantastic Future

Ashlee Vance

This book is an authorized biography that delves into the life of Elon Musk, from his tumultuous childhood in South Africa to his rise as a visionary entrepreneur in Silicon Valley. Ashlee Vance captures Musk's journey through his various ventures, including PayPal, SpaceX, Tesla, and SolarCity. The book examines Musk's unique personality, his insatiable drive, and his ability to thrive through hardship. It also explores the broader context of American innovation and the challenges of global competition, positioning Musk as a contemporary amalgam of legendary inventors and industrialists like Thomas Edison, Henry Ford, and Steve Jobs.

• Mentioned in 1,027 episodes

Meditations

Marcus Aurelius

Meditations is a series of private writings composed by Marcus Aurelius, one of Rome's greatest emperors, as he struggled to understand himself and make sense of the universe. Written between 170 and 180 CE while on military campaigns, this work combines Stoic philosophy with personal observations on leadership, duty, mortality, and human nature. Through twelve books of intimate thoughts never intended for publication, Marcus Aurelius explores themes of self-improvement, resilience in the face of adversity, and living virtuously while accepting what cannot be changed.

#1117

• Mentioned in 34 episodes

The Ride of a Lifetime

Lessons Learned from 15 Years as CEO of the Walt Disney Company

Robert Iger

In 'The Ride of a Lifetime,' Robert Iger shares his experiences and the lessons he learned during his 15 years as CEO of The Walt Disney Company. The book covers his early career, his rise to the CEO position, and his strategic decisions that transformed Disney into a global media giant. Iger discusses key acquisitions like Pixar, Marvel, and 21st Century Fox, and emphasizes the importance of leadership principles such as optimism, courage, decisiveness, fairness, and integrity. He also reflects on his relationships with influential figures like Steve Jobs and George Lucas, and how emotional intelligence played a crucial role in his business dealings. The book provides insights into Iger's vision for Disney, which included a focus on high-quality branded content, embracing technology, and expanding globally.

Patrick Bet-David immigrated to America at twelve years old, when his parents fled Iran as refugees during the Iranian Revolution. After high school, Patrick joined the U.S. military and served in the 101st Airborne before starting a business career in the financial services industry. At age 30, he founded PHP Agency, an insurance marketing organization with 66 agents. He grew the firm to 40,000 agents before making a multi-nine-figure exit.

A serial entrepreneur, Bet-David founded Valuetainment, which became the #1 YouTube channel on entrepreneurship with nearly a billion views, and expanded into a media, consulting, and production company. He hosts the PBD Podcast, the #1 business podcast on Spotify. He lives in South Florida with his wife and four children.

Buy his new book Choose Your Enemies Wisely: Business Planning for the Audacious Few

In this episode you will learn

Patrick’s journey to his first major financial milestone, including the story behind his first $1,000,000 and the pivotal decision that significantly contributed to his success.
How to effectively analyze the past year's experiences and data for a productive outlook, setting up a foundation for a successful 2024.
Patrick’s strategies for rebuilding success from scratch, offering practical advice and a step-by-step comeback plan for those starting anew.
The five 'Unworthy Enemies' that drain energy, and how identifying a 'Worthy Enemy' can be a source of motivation and vitality.
Insights on successful investment strategies, including his top five personal investment choices and the reasons behind their selection, as well as their outcomes.

For more information go to www.lewishowes.com/1547

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More SOG episodes we think you’ll love:

Rob Dial – https://link.chtbl.com/1516-pod

Dr Joe Dispenza – https://link.chtbl.com/1494-pod

Inky Johnson – https://link.chtbl.com/1483-pod

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