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Hack & Grow Rich Episode 7: Non-Action

 We have to do something. That's what people say, that's what people think when pressure builds up inside them, they feel that they need to take action in order to stop the pressure, in order to release the pressure, but if you remember, from what we learned before, it's about control and perspective. So, if you can gain control or gain perspective or both. Then you have full control. Of your mind, and that pressure will no longer be there. One of the things that people don't understand so often is the value of. Doing nothing. The value of not moving forward so often, we don't look at that as an option, and that's really the way to go. When the other options in any deal negotiation, business dealings are not clear. Stewart used to always say to us, the author, Stewart Wilde, who wrote the book, The Trick to Money, if you don't know, don't go and it's so hard to do. I remember there was a period of time where I was trading heavily leveraged commodities futures options, hundreds of millions of dollars of leveraged commodities, oil, gold, pork bellies, coffee, whatever, moving through my fingers. And I would wake up in the morning and I would turn my computers on and I would look at the screens and I would be itching to make a trade. I mean, that's what I'm here for. I have all this fancy equipment. I had all the top-of-the-line Internet connections back in those days. It was a T1 connection that I was paying fifteen hundred dollars a month for. And I had the best account and I was ready to trade. And I knew if I didn't trade, I wouldn't make any money. But the trades weren't there. The deals weren't there. So, what would the best move be?

So many times, I got an itchy trigger finger and I lost I lost a lot of money trading when I should have just waited, waited for the deals to come. But I didn't. I lacked the patience in those days now, as I've gotten older, one of the things that I've learned is the value of seeking counsel, of being patient, of asking for advice, not working in a vacuum, seeking mentors and utilizing those mentors for their knowledge, their wisdom, their experience. And it's so important because we have the tendency to work in a vacuum to think that our problems are our problems and nobody else has them the way that we do. And that it's us alone that has to solve them. So, there's two lessons to be had here. Lesson number one is, if you don't know, don't go, sometimes doing nothing is the best answer, sometimes just waiting. Even if you're itching for feedback from the other side, the other person on the other side of the deal, sometimes doing nothing has miraculous effects because then pressure builds up on the other side and they move to take an action. It's like playing chess. If you can put off a move long enough for the other person, the other side to make a foolish move, then you can take advantage. It's just the same in jujitsu when we train in Brazilian jujitsu. At the various academy that I train at. You sometimes look at the higher belts, the people that have been doing it for a long time, and they seemingly relax and fall asleep before a sparring match, we call it before a roll. And you look at them and they're not making any moves. They wait for the younger, more inexperienced guys to make their move.

But what they're doing is they're letting pressure build and they're letting the other person make a foolish move and give them something that they can then use their masterful toolset to take advantage of the same. In chess, you look at a great chess master. He knows that there's two sides. Side number one is the move that they're going to make. But side number two is what's the other side going to give you that? Lesson number one lesson number two is that there's nothing keeping you from seeking counsel, from getting wise information from the other side. I talk about a really cool story that one of the big and I talk about this in my book, one of the big, big brokerage firms sends a limousine for me and my secretary at the time back when people had secretary says there's a car waiting outside for you. And at some point, I get in this car and I go to this big building and I'm thinking, oh, crap, man. This is here's a guy who wants to sell me a stock. And the guy, you know, he's got this whole spread of food that comes out and he's being super nice to me. And they pour a beautiful cup of tea. And I'm sitting there looking at this office that looks like a, um, runway. And it's all just amazing. And I'm trying to think, wow, this guy really wants me to invest money in stocks that he's selling.

It was the president of one of the largest brokerage firms or one of the executives of one of these huge brokerage firms. And they were feeling out the possibility of taking my company public. But I was cocky and I was arrogant and. I didn't seek counsel in those days, had I have done that, had I had taken the time to seek counsel, to seek a mentor, to gather information and maybe not do anything, maybe just wait. Maybe I would have made multiple billions of dollars in that time and been able to keep much of it, who knows? The company was huge. It was one of the massive companies of the time. There was no supplement company who did as much business as we did in the short time where the product had its meteoric rise. And in those days, supplement companies that made the millions that we did had been around for ages and ages and they had big names like or nutrition and they were large companies. We were a brand-new company and this was pre-Internet. You have to remember, before the Internet, things took a lot longer. Information took longer to get from one space to the next. Influencers weren't able to influence masses of people with a click. It took time. So, the fact that verbal ecstasy became a global phenomenon. Seemingly overnight really speaks volumes to how impactful that product was in those days.
So, keep those things in mind and I will see you on the next episode.

Transcript

Shaahin Cheyene 00:00

Okay, in this next episode, we're going to talk about control and perspective, as well as non-action, sometimes, the best thing to do is to do nothing at all. Go ahead and take a listen. And let me know what you think in the comments. And make sure if you like our channel and the content that we're putting out to subscribe, see on that episode, we have to do something. That's what people say, that's what people think when pressure builds up inside them, they feel that they need to take action, to stop the pressure to release the pressure. But if you remember from what we learned before, it's about control and perspective. So if you can gain control or gain perspective, or both, then you have full control of your mind. And that pressure will no longer be there. One of the things that people don't understand so often is the value of doing nothing. The value of not moving forward. So often, we don't look at that as an option. And that's the way to go. When the other options in any deal negotiation, business dealings are not clear. Stuart used to always say to us, the author Stuart Wilde, who wrote the book, The trick to money, if you don't know, don't go. And it's so hard to do, I remember there was a period of time where I was trading heavily leveraged commodities, futures options, hundreds of millions of dollars of leveraged commodities, oil, gold, pork, bellies, coffee, whatever, moving through my fingers. And I would wake up in the morning, and I would turn my computers on, and I would look at the screens. And I would be itching to make a trade. I mean, that's what I'm here for. I have all this fancy equipment, I had all the top-of-the-line internet connections back in those days, it was a T one connection that I was paying 15 $100 a month for. And I had the best accounts and I was ready to trade. And I knew if I didn't trade, I wouldn't make any money. But the trades weren't there, the deals weren't there. So what would the best move be? So many times, I got an itchy trigger finger. And I lost a lot of money trading when I should have just waited, waited for the deals to come. But I didn't I lacked the patience in those days. Now, as I've gotten older, one of the things that I've learned is the value of seeking counsel, being patient, asking for advice, not working in a vacuum, seeking mentors, and utilizing those mentors for their knowledge, their wisdom, their experience. And it's so important because we tend to work in a vacuum to think that our problems are our problems, and nobody else has them the way that we do. And that it's us alone that has to solve them. So there are two lessons to be had here. Lesson number one is, if you don't know Don't go, sometimes doing nothing is the best answer. Sometimes just waiting. Even if you're itching for feedback from the other side, the other person the other side of the deal. Sometimes doing nothing has miraculous effects. Because then pressure builds up on the other side. And they move to take an action. It's like playing chess. If you can put off a move long enough for the other person, the other side to make a foolish move, then you can take advantage. It's just the same in jujitsu. When we train in Brazilian jujitsu at the various academies that I train, you sometimes look at the higher belts, the people that have been doing it for a long time, and they seemingly relax and fall asleep before a sparring match. We call it before a roll. And you look at them and they're not making any moves. They wait for the younger, more inexperienced guys to make their move. But what they're doing is they're letting pressure build and they're letting the other person make a foolish move and give them something that They can then use their masterful toolset to take advantage of the same in chess, you look at a great chess master, he knows that there are two sides side number one is a move that they're going to make. But side number two is what's the other side? going to give them? lesson number one, lesson number two, is that nothing is keeping you from seeking counsel from getting wise information from the other side. I talked about a cool story that one of the big and I talked about this in my book, one of the big brokerage firm sends a limousine for me and my secretary at the time back when people had Secretary says, you know, there's a car waiting outside for you. And at some point, I get in this car, and I go to this big building, and I'm thinking, Oh, crap, man, this is here's a guy who wants to sell me a stock. And the guy you know, he's got this whole spread of food that comes out. And he's being super nice to me. And they pour a beautiful cup of tea, and I'm sitting there looking at this office that looks like a runway. And it's all just amazing. And I'm trying to think, Wow, this guy wants me to invest money in stocks that he's selling. He was the president of one of the largest brokerage firms or one of the executives of one of these huge brokerage firms. And they were feeling out the possibility of taking my company public. But I was cocky, and I was arrogant. And I didn't seek counsel in those days, had I have done that had I had taken the time to seek counsel, to seek a mentor to gather information and maybe not do anything, maybe just wait, maybe I would have made multiple billions of dollars in that time, and been able to keep much of it. Who knows? The company was huge. It was one of the massive companies of the time, no supplement company did as much business as we did in the short time where the product had its meteoric rise. And in those days, supplement companies that made the millions that we did, had been around for ages and ages, and they had big names like wheat or nutrition, and they were large companies. We were a brand new company. And this was pre-internet, you have to remember, before the internet, things took a lot longer information took longer to get from one space to the next. influencers weren't able to influence masses of people with a click, it took time. So the fact that herbal ecstasy became a global phenomenon, seemingly overnight, really speaks volumes to how impactful that product was in those days. So keep those things in mind. And I will see you in the next episode.

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