0:00

The price of bitcoin is surging, it

0:02

is on its way rapidly

0:04

to scale to new all time highs. But meanwhile,

0:07

one of the largest assets in the world is bleeding.

0:10

Are we witnessing a changing

0:13

of the guard.

0:13

We're going to dig into that.

0:14

We're going to look at the trends, We're going to look at the data,

0:17

and we'll discuss whether that is going to move.

0:19

We're also going to look at a lot of

0:21

other things. If you're just tuning in to the Mark Law

0:23

Show, we're always looking at the way the world is changing

0:26

as we look at it through a lens of politics, finance,

0:28

and technology. I

0:31

believe that we can get a different perspective on the world

0:33

when we look at it from those three lenses,

0:35

and specifically the convergence of those three, and

0:37

bitcoin really sits at the convergence

0:39

of those three. It's groundbreaking

0:41

revolutionary technology. Most people don't understand

0:44

exactly what it is. They don't understand that it's actually

0:46

a technological invention, a technological

0:49

revolution that's happening here. It's

0:51

not just some new computer code

0:53

or some new database. So we have a technological

0:55

revolution happening at the same time. It's

0:58

disrupting money or finance says,

1:00

we know it, and unfortunately, because finance is

1:02

so political, it's disrupting the

1:05

politics and the governments as we know it as

1:07

well. But for now, the price of bitcoin

1:09

is surging. We have

1:12

breached fifty thousand dollars. I think

1:14

we've breached fifty two thousand dollars. We're

1:17

shy of the all time high that was set

1:19

back in November of twenty twenty one,

1:22

that was at was at sixty nine

1:24

thousand, but we're not that far

1:26

away. As a matter of fact, we are about

1:28

thirty percent away, which if

1:31

you're talking about you know, traditional stocks,

1:34

that's pretty far. But just from

1:37

let's see, from January

1:40

of this year. I

1:43

didn't pull this up, but from January of this

1:45

year, I mean, we're already up thirty

1:47

percent, So we've already made that much

1:49

ground up in just a little over

1:51

a month. So we could potentially make that ground

1:53

up in another month from now. That's how the price

1:55

of bitcoin moves, and partly it's been driven by

1:58

the ETFs. I've talked about this quite a

2:00

bit. We launched all these new bitcoin ETFs,

2:02

and the amount of bitcoin they are taking off

2:04

the market is just unbelievable, and of

2:07

course supplying demand is driving the market.

2:09

Now, what I'm talking about at

2:11

the intro was that one of the oldest

2:13

assets are not one of probably the oldest

2:16

financial asset in the world has been money for

2:18

five thousand years.

2:19

I'm talking about.

2:20

Gold is seemingly

2:22

bleeding. And what am I talking about, Well,

2:24

gold is still under massive demand. The price

2:26

of gold and silver have done very well, and

2:29

we know that central banks are buying more gold than any

2:31

time in.

2:31

History over the last several years.

2:34

However, a lot of Americans and just

2:36

people around the world in general own gold, not

2:39

physically in their own control, in their

2:41

sock drawer or in their safe or buried

2:43

in the ground in the backyard, but through ETFs

2:45

exchange traded funds, and so there's

2:48

many gold ETFs that have popped

2:50

up, GLD being the biggest one of them, and

2:52

their assets under management, how much money

2:54

they manages, has been

2:56

going down. So what we're seeing

2:59

in real time is the price of bitcoin

3:01

is going through the roof, partly

3:03

because of the amount of money that's flowing

3:06

into it, and at the exact same time,

3:08

money is coming out of gold. Now,

3:10

gold has been the store of value. It's a

3:12

place that you park your wealth to store

3:14

it for future generations. And a lot

3:17

of people say that bitcoin is the new store of

3:19

value. People say, well, it'll never be a medium

3:21

of exchange. It is a good

3:23

store of value. It'll never be a medium exchange,

3:25

and we can talk about that.

3:26

It can eventually.

3:27

But if it's already a store of value, then

3:30

we can compare against other store

3:32

of value assets. So bitcoin

3:34

is a store of value. Asset bonds

3:37

are store of value assets. A lot

3:39

of real estate obviously not my personal residents,

3:41

but even some of that, but a lot of real

3:43

estate is a store of valus. I mean, I store

3:45

my wealth in these places. I think of them as

3:47

savings and not as investments. A

3:49

lot of stocks are like that, although a lot of stocks

3:51

are for trading and more speculative purposes.

3:54

And what we can see though, is that gold is

3:56

attacking the I'm sorry, Bitcoin

3:58

is attacking the gold store of value, and it

4:00

is quickly catching up. As a matter of fact, bitcoin

4:03

just surpassed a one trillion dollars

4:06

in a total asset size and

4:08

it's it's currently picking up.

4:10

Now.

4:10

What we can see is that, like I said, gold is

4:13

bleeding. As a matter of fact, we

4:15

have the spd R

4:17

gold Shares has a year to date

4:20

flow negative twenty

4:23

five almost twenty five hundred

4:25

shares I shares, gold Trust is down.

4:27

I Shares gold Trust, Micro's down, Vannat gold

4:29

Miners down.

4:30

They're all down.

4:31

But at the same time, we have funds

4:34

flowing into Bitcoin Trust. We have

4:37

I shares, Bitcoin Trust is up. All

4:40

the ETF funds are up, and they're buying

4:42

an incredible amount of bitcoin. As a matter of

4:44

fact, currently the ETF inflows

4:46

are leading to a two percent increase

4:49

in the price per.

4:50

Day of bitcoins.

4:51

It's adding about one thousand

4:53

dollars per day to the price

4:55

of bitcoin, and that's being

4:58

done because of the supply and demand. The et are

5:00

taking so much bitcoin off the market right

5:02

now. The inflows, the amount

5:04

of money and bitcoin coming into these funds

5:07

is about ten to twelve times higher

5:10

than the new bitcoin being created.

5:12

Now. Some people might argue this is a little bit simplistic,

5:14

but I like to understand things from a simplistic

5:17

level, and that is supply and demand.

5:19

When there's more demand, then

5:21

there is supply, prices go up. Now, there's lots

5:24

of things that would affect both the supply

5:26

and the demand. But it does get down that

5:28

simple. And what we know is that there

5:30

is new bitcoin being created every day.

5:33

Every block, every ten minutes, there's a block,

5:35

and in every block there's bitcoin that

5:37

get released, and that equates

5:39

to nine hundred per day.

5:43

But that's the new bitcoin being

5:45

created. Now, there's obviously existing bitcoin.

5:47

There's nineteen million bitcoin or twenty million

5:49

bitcoin roughly that there will never be more than twenty one

5:52

million, but right now there's about nineteen ish twenty

5:54

million ish floating around, but most

5:56

of that is locked up in long term storage. Now it

5:58

could come off the market and be so hold at a certain price.

6:00

Sure, so that could be recirculated. But

6:03

like any new asset, like oil, like

6:05

a commodity, a commodity aset like oil or

6:07

like gold, there's new supply what

6:10

we call flow, being added

6:12

to the existing stock. It's a stock to flow

6:14

ratio, all right. So we can

6:16

see the amount of new stock

6:19

or sorry, the new flow of oil, the new

6:21

flow of gold. We can see the new flow of

6:23

bitcoin. And what we can see is that it is about

6:25

nine hundred bitcoin per day being added. But the

6:27

ETFs are buying about

6:30

nine to ten thousand per day,

6:32

so ten to twelve times the

6:34

demand of the newly created supply.

6:37

All right, and so this starts to lead

6:39

to fomo. Now what do I mean by that? This

6:42

is it's like a self fulfilling prophecy,

6:44

if you will. As bitcoin goes

6:47

up faster, more people hear

6:49

about it and want to get in.

6:50

I don't want to be left behind.

6:51

I'm going to buy some more, which then pushes

6:53

the price up higher, which then means more people

6:55

hear about it and they want to get in, which then pushes

6:57

the price up people even higher, and then it starts

6:59

happening in the ETFs, in the financial space.

7:01

So what happens is then this financial

7:04

advisor that puts in his portfolio starts out performing

7:06

everybody else, So everybody else says, we'll shoot.

7:08

Then I should put it into my portfolio. And

7:10

then they start out performing, and then well I need to keep

7:12

up, so I'll put it in. And then as

7:15

they put it in, the price goes up, and then more people

7:17

jump in and the price goes up, and it starts to be

7:19

this self perpetuating,

7:21

self fulfillient cycle, if you will. Then

7:23

we add in some events such as

7:26

in the next couple of months, we have the supply

7:28

will be cut in half from nine hundred bitcoin

7:30

per day to four hundred and fifty new

7:32

coins per day, which, all things

7:34

being the same, if the demand stays the same, what

7:37

happens and you cut the supply in

7:39

half? What happens to the price? You

7:44

don't have to guess.

7:45

So what does that mean?

7:46

Well, we know that that puts

7:48

upward pressure on the price. That's exactly what we're

7:50

seeing. Where could it go? Well, we know the previous high

7:52

was sixty nine thousand, and typically

7:54

you'll take out the previous high,

7:56

but maybe that could happen before the happening

7:59

in the next ninety days or so. Could

8:01

we get to one hundred thousand in the next couple of months.

8:04

Maybe we don't really know where it can go. I

8:06

don't have a crystal ball. I wish I could tell you, But

8:09

we know that it's going up now.

8:12

Part of the reason why it's going up is because

8:14

of the supply demand in balance that I'm talking about.

8:16

The other metric, the other

8:19

thing that we're watching is also the demand

8:21

coming from the use

8:23

case of it. And so what do I mean by that? There's

8:26

a lot of problems and solutions are supposed to come

8:28

to problems. A lot of people may argue,

8:31

not intelligently, but that bitcoin doesn't have

8:33

any use cases.

8:34

But it does. It has lots of use cases.

8:35

It gives me a way to store my wealth in a way that can't be

8:38

debased and printed. So when they're printing endless

8:40

amounts of money, I want something. So every

8:42

time they print more money, it sort of like creates

8:44

the poster child or the use case of.

8:46

Why I should own bitcoin.

8:47

Every time a government tries to become more authoritarian

8:50

and censor one of my transactions, tell

8:52

me what I can and can't spend money on, it sort

8:54

of makes me want to find an alternative like bitcoin

8:56

that's censorship resistant. And so while we

8:58

have this supply demand metrich that's being driven

9:00

by what we call NNGU or number

9:03

go up technology. We

9:05

say that in a joking way, at the end of the day, there's

9:07

real utility that will start

9:09

catching up, that is catching up as governments

9:12

continue to print more money, as governments continue

9:14

to get more authoritarian. And it's

9:16

all happening right at the time. The government's about

9:18

to print money, and we're going into a having

9:20

cycle.

9:21

You better buckle up.

9:22

If you're just tune in, you're listening to the Mark Maas Show running

9:24

through some of the latest breaking news this

9:27

week as we look at the world through the lens of politics,

9:29

finance, and technology. I'll be back with more in a minute.

9:31

You don't want to miss it, don't go away, I'll wear back, all.

9:34

Right, Welcome back.

9:34

If you just tune in, you're listening to the Mark Maas Show,

9:37

and we're going to talk about something a little

9:39

bit different than I normally talk about because

9:42

it's something that I've been getting over and over and over across

9:44

my social media platforms of

9:46

people asking me these types of questions. And

9:49

we typically talk about the world through the lens of politics,

9:51

finance, and technology and trying to understand

9:54

the world from this frame of lens. And

9:56

for me specifically, it's so that I can

9:58

improve my life. I can further

10:01

myself towards my goals that

10:03

I have for myself and for my family and so forth.

10:06

And so I want to understand what's

10:09

going on with the politicians, and what's

10:11

going on with the financial system, and what's going on with

10:13

new technology breakthroughs, so I can

10:15

use those things to front run the moves

10:18

ultimately again, so I

10:20

can further the quality of

10:22

my life, so I can further my life, so I can have success

10:25

in my life. And I've been

10:27

talking about these subjects specifically a lot more recently,

10:29

smaller short form content on my social media,

10:32

which if you're not following me, hit me up at

10:34

one Mark Moss. Just go to my website one Markmoss

10:36

dot com. One Markmoss dot com. It's that's the

10:38

number one. I have everything linked there. But

10:41

I've been putting a lot of content on Instagram lately,

10:43

doing daily lives over there every

10:45

day in the morning. Hit me up on those. It's

10:47

just at Mark Moss there. And

10:50

I've been getting lot of questions as we talk about navigating

10:52

what's going on with the FED sort of the daily play by play

10:54

off, what are they doing with the with the interest rates,

10:56

and what's going on with the with the credit card cycles

10:59

and the money bank and all these different things.

11:01

How can we navigate all this? And the

11:03

one thing that kind of keeps coming up over and over and over

11:05

is how

11:07

can we have more success by

11:10

using these tools? And I started thinking about

11:12

this as I've been answering these people and a couple

11:14

things came up, and there's five things

11:16

that I want to run you through, and it's

11:19

how we can have more success, how we can improve their

11:21

quality of lives. But we have to understand first of all,

11:24

that success isn't guaranteed. There's

11:26

no guarantee of success. Some people have success, some people

11:28

don't, and oftentimes

11:30

the difference of those who have success in those who don't

11:33

it's very small, it's very minimal,

11:37

but we know it's not guaranteed. Now, I like to say that

11:39

success doesn't care. Success doesn't

11:41

care about anything except for one

11:44

thing. There's one thing success cares

11:46

about. Success doesn't care how

11:49

old you are. Doesn't care if you're at the

11:51

end of your career, sixty or seventy. It doesn't

11:53

care if you're too young or eighteen or nineteen. Success

11:55

does it doesn't care if you're fifteen or sixty.

11:57

It doesn't care.

11:58

Success doesn't care if you're tired or

12:00

if you're hungry.

12:03

Success doesn't care if you're stressed

12:05

out. Success doesn't care if you're depressed.

12:07

Doesn't care about any of that. Success

12:09

doesn't care if your dog died, if your girlfriend

12:11

broke up with you, if your car broke down. Sess doesn't

12:13

care about any of that. Success is ruthless.

12:16

Success cares about one thing.

12:21

The one thing is results. That's all do

12:23

the work. Did you do the work to achieve

12:26

the results, and that's its Success is a meritocracy.

12:28

If I did the work, I get the results and that's

12:31

it. So regardless

12:33

of if you're depressed, if you're hungry, if you're

12:35

tired, or if your dog died or your girlfriend broke up

12:37

with you, regardless of any of that, or

12:39

how old you are, if you do the work.

12:42

Then you should be able to get the outcome.

12:45

And so we'll break down five things that

12:47

I want to talk about specifically in order to

12:49

guarantee that you can do this. The one

12:52

thing guarantee this, and so I'm going to

12:54

break these down. The first one is doing

12:56

the work right, so already talked about that, and really

12:58

ultimately what it comes down to is the commitment

13:01

to doing the work, a commitment to trying

13:03

to do the work, because

13:05

again, success isn't guaranteed, but

13:08

the guaranteed lies in the

13:10

outcome of

13:13

not trying. So a lot of times what

13:15

we want to do is we want to do like inversion

13:17

thinking, what's the opposite. Typically,

13:19

when I want to set a goal, I think about what

13:22

are all the things I have to do in

13:24

order to achieve the goal. Another way to think about

13:26

it is what are all the things I'm going to have to

13:29

give up to achieve the goal.

13:31

That's an inversion thinking, And so we

13:33

can also think about success sort of the same way.

13:36

Success is not guaranteed, So should I try?

13:38

What if I fail? But what we do

13:40

know is there is a guarantee in

13:43

not trying at all.

13:46

So if I'm faced with either one guaranteed

13:49

failure or maybe

13:52

success, why not take them maybe success.

13:56

So that's the first thing we always have to commit to trying. Now,

13:59

a lot of people and this is a question I've been asked a couple

14:01

of times this week on my Instagram live streams

14:03

again at Mark Moss hit me up. There have been asked

14:06

about Mark, but how do you deal with analysis

14:08

paralysis? I'm not sure what

14:10

I should be doing. I'm afraid

14:12

I may fail. I'm afraid that

14:15

I don't take the right action. I'm afraid

14:17

that, you know, this might not take me to my goal.

14:19

And so this is a big piece of it. So I need to be committed

14:22

to action. I have to be committed to trying

14:24

to advance myself towards success. But

14:26

if I'm stuckond this analysis prolysis,

14:29

what do I do? And I'd

14:31

say, one understanding that if I don't do

14:33

anything, I'm guaranteed failure, so why not take the

14:35

chance of failure? But another

14:37

part comes in where people can't decide

14:39

which course of action to take.

14:41

I don't know. I have these three opportunities.

14:43

Should I go, you know, should I go into

14:46

doing rental real estate? Or should I start

14:49

selling products on eBay? Or should

14:51

I do drop Chip e commerce? Or

14:53

should I start a social media market agency?

14:55

Like any of those could be good?

14:58

But which one do I choose? Which one do I choo?

15:00

I'm stuck, I'm analysis prowess, I'm analyzing.

15:02

Him too deeply.

15:02

Well, part of that is that I like to say

15:05

that action leads to clarity. You

15:07

see, you're never going to know until

15:10

you start taking action. I use this analogy

15:12

quite a bit. If I was walking through the forest and I

15:14

came to a fork in the road and there was two paths,

15:16

and I'm like, oh, what was it left or right?

15:18

Left or right? I forget left or right.

15:20

I could be there till all of eternity, thinking left

15:22

or right and still not know the answer. The

15:24

only way I'm ever going to know is I'm going to start

15:26

down one path, and after

15:29

I start walking down the path, that action

15:31

will lead to clarity. Oh shoot, this isn't

15:33

the right one. I don't remember, this is the wrong one. I need to go

15:35

to the other path, or this is the right one, and I keep

15:37

going. But it was only by taking action

15:40

did I get clarity towards that. And

15:42

so a lot of us are stuck with this analysis prowess

15:44

as and the goal or the key is that we must

15:46

be taking action if we want to get the

15:48

clarity of how to move forward.

15:51

The action is what will lead to that

15:53

clarity. Now also part of it Alex

15:56

HERMOSI, if you're not following him, you should. He's

15:58

definitely worth a follow. I saw tweet out

16:00

this week. He said that people

16:02

don't find their passion, they

16:05

build it. And I find a lot of people that I've

16:07

coached, younger people specifically, they all think

16:09

they have to go find their passion. But there is no finding

16:12

your passion. What it is is defining

16:14

and optimizing your passion over time, because

16:16

you have a passion for skills that you've been

16:18

able to build up and develop. I

16:22

love surfing. I have a passion for surfing.

16:25

But I've only got the passion for surfing because I've been surfing.

16:27

I had to start surfing before, and then I had to get good at

16:29

surfing before I developed a passion for surfing.

16:32

Most people try it one time and they hate it. It's like the hardest

16:34

work that you know whatever. And so it's like you have to try

16:36

things, you have to do things. You have to achieve some

16:38

level of success and build some skill doing those things,

16:41

and then you get the passion for it. And

16:43

so like I use this analogy,

16:46

let's say that I got

16:48

it. I see my friend has a catering

16:51

business. Let me start working

16:53

with you. And I find out when I'm working at the catering

16:55

business, man, I really

16:58

don't like the cooking part at all, but like setting

17:00

up the events and stuff was pretty fun. So I

17:02

decided, you know what, let me move over, Let me change.

17:05

What I'm doing.

17:05

I want to start running events more. And then

17:07

I start doing more events less cooking, and then

17:09

I start like, man, I really hate like loading

17:12

in all the chairs and tables and setting up. What

17:14

I really liked is more designing the events.

17:16

And then I sort of move over into more of designing,

17:19

and then I figured, well, it's not just the designing part, it's actually

17:21

like dealing with the customers. And then I move more to like sales

17:23

and marketing on that, and

17:25

over time, by learning what I do

17:27

like and don't like, I do more of what I do like and less of

17:29

what I don't like, and I can develop and I can start

17:32

to find that passion through there.

17:34

All right, that's one.

17:35

There's a three more pieces that I want to

17:37

hit that can help you guarantee

17:40

success. Now we know, like I said, success

17:43

isn't always guaranteed, but the opposite

17:45

of that, failure is

17:48

guaranteed. Right if you do nothing, it's guaranteed.

17:50

And like I said, this is a response to a bunch of questions that I've

17:52

had. It's a little bit off topic for what I normally

17:54

talk about, but I wanted to bring this to you today because I think

17:56

it's massive value for you as

17:58

we discern through all the information on markets,

18:01

technology and politics. If

18:03

you're just tuning in staying to the Mark Moss Show, I'll be back

18:05

with more after a very short break.

18:06

You don't want to miss it, don't go away, I'll be

18:09

right back. All right, welcome back.

18:10

If you just tune in, you're listening to the Mark Mass Show, and we're

18:12

talking about the only guarantee

18:14

to success is that you won't achieve

18:17

it if you do nothing. And

18:19

so the key is is that the opposite is you

18:21

have to do something even though there might

18:23

be a chance of failure. It's better

18:25

than the guaranteed failure of doing nothing.

18:28

We talked about that. Now the second

18:30

part about this is I was talking about sort of finding your way,

18:32

and it's learning through mistakes. I

18:35

tried these things, I found out I'd like these,

18:37

but I didn't like these, or

18:40

I found out this didn't work, So let me

18:42

try something else different. Right

18:44

now, today, AI, artificial intelligence is all

18:46

the rage. If you think about the way AI works, it's

18:49

like it's like trying to solve a

18:51

task and it tries over over over over

18:53

over over over over fail fail fail fail fail

18:55

ffalf Okay, finally passed, it goes to the next step and

18:57

then it tries try to tries fiales fail sales fil sal. It

18:59

finally makes it goes the next step, and it's

19:01

able to do that very very quickly, but it has

19:03

to go through all the failures, just go through all the attempts

19:05

and tries before it finds the one

19:07

that actually works. And so

19:10

we need to learn through our mistakes.

19:12

You've probably seen the meme card

19:14

or the quote card with the lying on it. I never

19:16

lose. I either win or

19:19

I learn. And so we either get it

19:21

our first try, which typically doesn't happen, or

19:23

we do through a series of trial and

19:25

error and continue to tweak and tweak

19:27

and tweak and re optimize until we get that

19:30

success that we need. So we have to be we have

19:32

to understand that we learn from our mistakes. We have

19:34

to understand that it's inevitable that we're going

19:36

to make mistakes when we're executing

19:38

on these plans. But

19:41

we also have to understand that every time we

19:43

fail, it's an opportunity for

19:46

gathering new skills, honing new skills,

19:48

improving what we have. I like to think

19:51

of problems are not there,

19:53

They're not there to us, they're

19:56

there for us. And so what do I

19:58

mean by that? Like we can think of every

20:00

time we see a problem as like, oh,

20:02

my gosh, Why does this bad

20:04

stuff always happen to me? I

20:06

can't believe I have to deal with this again. We look

20:08

at that problem as something happening to us, as

20:11

opposed to being there something for there there

20:13

for us. So like, wow, now I get to learn

20:16

a new skill. Now I get to try something I've never

20:18

tried before. And so we could look at a different way. Most

20:20

of you guys probably know I talk about quite a bit. I ride

20:23

dirtbikes. I go racing dirt bikes, and I still.

20:25

Write a lot of off road.

20:26

And when we're riding our dirtbikes off road,

20:29

somebody who maybe hasn't ridden dirt bikes before would

20:31

be on this road and go, man, why is this so rough?

20:34

I can't believe all these bumps in the road.

20:36

This is horrible.

20:37

But for me, because I'm advanced, I look at those

20:39

bumps and go, oh, I'm gonna jump this

20:41

one, I'm gonna hit that one. I'm gonna jump over to there.

20:43

And those bumps are there for me to

20:46

have fun with, as opposed to beginner we'd.

20:48

Look at them as tortures. That makes sense, and so.

20:50

We want to learn through our mistakes. That quote I like to

20:52

say is that a smooth sea's never

20:54

made a skilled sailor.

20:56

Right.

20:56

So success is a horrible teacher. We learn

20:59

from our mistakes, makes us try new things,

21:01

and so we have to understand that we have to understand

21:03

that we're going to make mistakes. This is what it holds

21:05

people back is they're afraid of making mistakes.

21:07

We have to understand that we are going to make mistakes.

21:09

That's the key.

21:11

They're there for us to learn, and

21:13

that it's through continuous effort and learning

21:15

from these mistakes over time that continue

21:18

to lead to better and better results. Again,

21:20

success is a horrible teacher, because if I were

21:22

to just get it right the first time, then

21:25

I might just go, oh, okay, well it's good enough. I'll

21:27

move on to the next thing, without ever really taking

21:29

the time to hone it in.

21:30

Could it be better?

21:31

Again? Continuous effort, continuous learning.

21:34

Could I continue to tweet it? Could I continue to make it.

21:36

Better and better and better?

21:37

And so that's what leads to better results all

21:39

the time. Now, another key would be

21:41

the value of self assessment.

21:46

This is a very key piece. Human beings are

21:48

unique from animals in many different ways, one of

21:50

which is that we can lie to ourselves,

21:52

and we do all the time. We lie to ourselves.

21:54

We tell us, tell ourselves that things

21:57

are better than they are. A lot of times some people

21:59

tell yourself that it's it's worse than you are. But

22:01

we can lie to ourselves, we can let ourselves down,

22:04

and we can also selectively listen.

22:06

And avoid harsh realities.

22:09

Ain Ran, the author of Atlas Shrug,

22:11

says that we can choose to ignore reality,

22:13

but we can't ignore the consequences

22:15

of reality. I like to say that an ostrich

22:18

can bury its head in the sand, but it can't

22:20

keep it from being eaten. And

22:23

so a lot of times, and I'm guilty

22:25

of this myself, I

22:27

don't want to look at things that I know are a

22:29

problem, I know are bad. I don't want to deal

22:31

with it. I don't want to face it. I just want to

22:33

just ignore it and pretend it's not there and.

22:35

Maybe it'll go away.

22:37

But the truth is, it doesn't go away, and it only

22:39

gets worse the longer we leave it there. And also,

22:42

not looking at ourselves truthfully

22:45

would lead to the same thing. And so the importance of a

22:47

self assessment and an honest evaluation

22:49

of our performance. So when I'm

22:52

coaching people through building their financial life

22:56

and their business, the first thing that we

22:58

do is we take an assessment, and we take a very

23:00

honest assessment, and we look at

23:02

things that most people don't want to look at.

23:05

How much savings do you have?

23:07

How much are you spending? Do you have

23:11

a plan for how you spend your money

23:13

or you just spend whatever?

23:14

Do you have?

23:14

Do you have multiple bank accounts? What are

23:17

your investments? Like, let's dig in, and do

23:19

you understand what they are? And all these things?

23:22

And a lot of times people don't. They don't know this information

23:24

and they don't even want to get it because they just

23:27

as long as money keeps coming in and my bills

23:29

keep getting paid, that I'm fine.

23:30

It's kind of like.

23:32

I wasn't born with a silver spoon in my mouth, and I had

23:35

some pretty bad cars when I turned sixteen and seventeen

23:38

eighteen, I had some pretty bad cars. And I had this old Volkswagen

23:40

bug and the

23:43

thing was a pretty big piece of junk, and it

23:45

would make all kinds of noises, and I put like this

23:47

really loud stereo in it, and I

23:50

remember I would just turn the stereo up, and I was like,

23:52

as long as the car just keeps going forward,

23:54

I'm okay. I didn't

23:56

want to hear any of the noises that could potentially

23:58

be causing it to break down. I just wanted

24:00

to tune that out, listen to the music, and as long

24:03

as the car kept going forward, we were okay. But a lot of

24:05

us approach our lives and back to

24:07

the kind of money, we approach our business and investments

24:09

sort of the same way. Well, as long as money keeps

24:11

coming in and paying the bills, I guess I'm okay. Without taking

24:13

the honest self assessment and

24:15

really asking ourselves the tough questions.

24:19

Now, the importance of doing this is massive

24:22

for lots of reasons, one of which is

24:24

that we need to be honest

24:26

with ourselves where we're at so

24:29

that we can grow. But we also want

24:31

to be honest with ourselves so we can start to identify, like,

24:33

what are our strengths and weaknesses? Let

24:37

me do more of what I'm good at, maybe do less

24:39

of what I'm bad at, And only

24:42

we can only find that through that self assessment.

24:45

The only way we can personally grow is to find

24:47

those areas that we need improvement. And

24:49

then measure that change throughout time.

24:51

Now, a lot of us in order to do that, we need

24:54

we need to improve our communication skills,

24:57

our leadership skills, and things like that. We'll get

24:59

to that in a minute. But at

25:01

some point we have to sort of be our own coach. We have to sort of guide

25:03

ourselves, and so we need that. Now back to

25:06

the community skills. I think about like

25:08

culture, and unfortunately,

25:11

modern culture today seems

25:13

to have sort of this bipolar this is our

25:16

third point, sort of has this bipolar.

25:18

View on work

25:21

views towards work.

25:23

You have one group of people I address

25:25

this on one of my Instagram lives the

25:27

other day that really

25:30

talk about this hustle culture and

25:32

it's really a sort of pioneered by Gary

25:34

Vee. Shout out to Gary Vaynerchuk. You know, I

25:36

grind, grind, grind. No one's gonna work harder than me.

25:38

I work at nights, I work on weekends. You

25:41

see lots of people on Instagram. I'm talking about the all the time.

25:43

I don't take a break. I'm traveling, but I keep the same

25:45

routine. You know, you're out on the weekends

25:47

partying, I'm in the office working, I'm going

25:49

to outwork you, right, So we see that this is the hustle culture.

25:52

On the other side, we have

25:54

a whole culture on the other side

25:57

that don't value hard work and

25:59

they just want to work for minimum wag jobs and they

26:01

want to complain that they can't afford to have

26:03

the life that they want. And so we sort of

26:05

have this bifurcation, if you will,

26:10

and it highlights the difference in the viewpoints,

26:13

and neither of those extremes are correct

26:15

in my opinion. In the Instagram live stream

26:17

I did the other day, I broke down why I think

26:19

the hustle culture is partly

26:21

right and partly wrong, because there's times

26:23

to hustle and grind that hard, and there's also times

26:26

to take a break. But

26:28

specifically, the point that I want to hit here is like,

26:30

who you're aligning yourself with in

26:33

order to help you through this? And so if

26:36

I was, hypothetically I'm certainly not

26:38

if I was training for a triathlon,

26:41

I would want to be hanging out with people

26:43

that are training for triathlons, because

26:45

if I'm hanging out with them, I'm probably going to be running

26:47

with them and riding back to them and swimming with them. If I'm

26:49

hanging out with people that just sit at their mom's

26:51

house and watch Netflix and chill, then I'm

26:53

probably gonna be a Netflix and chilling And so we

26:55

need to be around other people who

26:58

have similar goals and

27:00

are working towards those similar goals, so we can.

27:03

Draft off of each other.

27:06

We need to be advocates for hard work

27:08

and persistence and

27:11

for results oriented orientation,

27:14

and we need to be working with other people.

27:16

We need to be around, we need to friends with and hang out

27:18

with other people that share those same ideologies.

27:20

All right, Now, what we're talking about success. One

27:23

of the keys to success is making sure we have

27:25

enough money to have the freedom

27:27

in our lifestyle. That's what gives us the safety

27:30

net to go and try new things. If you're

27:32

just tune in, you're listening to the Mark mass Show. Got

27:34

to take a very quick break and I'll be back to bring all

27:36

this together.

27:37

So don't go away. I'll were back, all right, Welcome

27:39

back.

27:39

If you're just tune in, you're listening to the Mark Moss Show,

27:42

and we're talking about, oh

27:44

boy, how to have success

27:46

in today's world. Especially, we are talking

27:48

about how we have two different viewpoints

27:50

the world has really become bifurcated. We

27:52

have the hustle culture and we have the

27:55

I don't know, we'll call it lazy culture. On the other side,

27:57

we're talking through five key points

28:00

of how you can guarantee success

28:02

and the opposite is guaranteed and failure if you do nothing.

28:05

I'm not going to run back through all four, but we are on

28:07

number five. If you've missed any of the four, no Worries

28:09

I got you back, you can check it out on the podcast.

28:12

Just search the Mark Mass Show on your favorite

28:14

podcast player, or you could watch this and listen

28:16

at the same time if you go to YouTube and search

28:19

Market Disruptors and you can watch

28:21

it over there. All right, now, I want to get

28:23

into point number five, and this is I

28:26

hate to say it's the most important. They're all important, but

28:28

this is organizational culture

28:31

and leadership, and this sort

28:33

of ties into what I was saying on the last point,

28:35

which is we need to build a positive

28:38

organizational culture, a team,

28:41

or a community. Now, this means different

28:43

things to different people in different stages of your life. So

28:45

for example, maybe you don't own

28:47

a business, like if you own a business,

28:50

then of course this means something different to you. If

28:52

you're a manager, it means it's something different to you. If you're an employee,

28:54

means something different to you. And so around

28:57

all levels, let's just say that it's

28:59

not who is not what you're doing, it's who you're

29:01

doing it with. And so you want to have

29:04

the right team as an investor,

29:07

and like through my fund and through my venture capital

29:09

deals that we invest into a lot of

29:11

times we're betting on the actual

29:13

person themselves and not the idea. If

29:15

you watch the Shark Tank. When my daughters were

29:18

young, we used to watch it all the time and we would

29:20

kind of hit pause and we'd try to guess what they're doing here.

29:22

But you would notice in the Shark Tank many times

29:24

I saw this where the sharks would say,

29:27

you know what, I just want to invest into you.

29:29

I know we'll find something to do together. And they would

29:32

they would recognize that the person that was there was

29:34

like a leader, and so they'd want to invest in

29:36

them. And so you want to invest into the

29:38

right team, and you'd have the right team around

29:40

you. Now, again, how do we apply this if

29:43

we're just an employee, Well, it's more about

29:45

it. It's your partner. So it's

29:47

you know, your wife, your husband, and your boyfriend your girlfriend,

29:50

and it's also the friends that you're around.

29:52

So I talked about some of the five people that

29:54

you that you hang out with. In the previous segment, we talked about

29:56

if you're training for a trathlon, you probably want to hang out with people that

29:58

are trained for trathlons.

29:59

Right.

30:00

This really struck me for the first time

30:02

in my own life experience when

30:05

in twenty twenty one, we moved over to Puerto

30:07

Rico and I had never moved before, and

30:09

so I had never gone through the process of like how

30:12

do you meet new people, and like how do you establish

30:14

new relationships and all this stuff, and it

30:17

was tough. I had never done it before, so I had to learn

30:19

something new. And it was during the pandemic,

30:21

so you couldn't really go out and socialize, which made

30:23

it even harder. The

30:26

local language there are Spanish, which makes it even harder.

30:28

So lots of challenges there and it

30:30

took a while, but once it clicked,

30:33

and once I had made some new friends towards

30:35

the end before we moved away from there.

30:39

We liked it. I'm not going to get into all that, but.

30:42

I didn't want to leave because of the friends that

30:44

I had made, and the friends that I had made

30:47

were different than the

30:49

friends that I had back at home. But

30:51

the friends I had back at home are like friends that I had

30:53

known forever, where the friends that I had.

30:55

Made over there were

30:58

for where I.

30:58

Was at a particular point my life, and

31:01

they fit me better.

31:01

You see.

31:02

Unfortunately for us, most of our friends

31:05

unintentionally hold us back because

31:08

they want us to be the same person they've

31:10

always loved. But our goal, as

31:12

we've talked about through these five levels of success,

31:15

is to always be learning,

31:18

always be growing, always be changing,

31:20

And so because of that, my goals

31:22

should be continued to expand. I have to become

31:24

somebody different to achieve something

31:26

different, So I have to continue to up level my

31:29

skill set, I have to continue to up level my activities

31:31

and in order for me to go somewhere else. But

31:33

the problem with that is that goes direct contrast

31:36

to my friends who want me to be the same person

31:38

they've always known, you understand, and so I

31:40

didn't actually understand this until I lived it.

31:43

Part of it also is over the last several years, I've done

31:45

lots and lots of speaking I'm typically on

31:47

the road like once a month going to another

31:49

event to speak app And that's also another

31:51

way I've seen it where I

31:54

really have

31:56

made a big network of other speakers

31:58

and other you know whatever, online educators things

32:00

like that, and being around that

32:02

group of people makes it very difficult for me to come back

32:05

home and talk to my old friends and talk

32:07

about the barbecue on Saturday and you

32:09

know what are we going to do go to the beach on Sunday or

32:11

something like that. Right, It's just like it's a completely different

32:13

level of conversation. And so we need to do this

32:16

at all levels.

32:16

Now.

32:16

If I'm a business owner or a manager,

32:18

I need to find the right people the team I need

32:20

to build the right team. If I'm

32:23

just an employee, it's about the support

32:25

team I have around me, so

32:27

my friends and my colleagues outside of my

32:29

work events. So how can you do that? Well, you

32:31

could go to local meetups. There's

32:33

meetups for everything that you want, whether

32:36

these small business meetups. I mean obviously there's

32:38

bitcoin meetups that we have and you can and

32:40

you can find that. But the goal is to is

32:42

to have a team of people

32:44

that are committed and that are skilled

32:46

and are aligned with you know, either your company's goals

32:49

or your goals specifically. Now,

32:52

one of the ways that we've done this once I

32:54

realized how big of a problem this was for me, I've created

32:56

a community. I call it my Market Disruptors

32:58

Advisors community, and I'm basically

33:00

bringing together people like you and I, people

33:03

that are understanding

33:05

the risks and dangers that are in the world, that

33:07

are actively working to make our lives better and improve

33:10

them, and bringing together

33:12

a group. This group together to receive

33:14

training and access to

33:16

my expert advisors so

33:18

we can all learn and grow together community of people.

33:21

If you want to check that out, you can go to just go dot

33:23

one, markmass dot com slash

33:25

advisors Again, that's go dot one,

33:27

Markmoss dot com slash advisors, and

33:30

in there again, we're all working together

33:32

towards a common goal. Every month, I

33:34

break down an idea, a new idea

33:36

to make seven figures. So, whether

33:38

it's like starting a new business or a new

33:41

side hustle, something you can do for passive income,

33:43

side income, whatever, we discuss

33:45

that. Some people work on it, some people partner

33:47

together to work on together. We discuss investment

33:50

opportunities, We discuss the

33:52

markets, we discuss how to protect

33:54

our assets, how to reduce our taxes,

33:56

all of those things. And so as we're learning

33:59

this education, I bring in experts

34:01

that you get to work with. But then you have the community

34:03

around you that are all working on that. Again,

34:05

that's go dot Onemarkmoss dot com,

34:07

Slash advisors if you want

34:10

more. But don't underestimate the power of this.

34:12

I talk about it from three levels. You see,

34:14

most people think about it takes money to make money,

34:17

and some people, a lot of people, unfortunately

34:19

these days, are victims.

34:23

There's nothing I can do that's gonna matter. Nothing

34:25

I can do to get ahead. The governments are just gonna keep stealing

34:27

with from us from inflation. The governments

34:29

are just going to continue to take more and more of our freedom

34:31

away. Inflation is still in my purchse

34:34

power. I'll never go to buy home, and on and on on fill

34:36

in the blank. And a lot of times they think that because

34:38

they don't have any money, they can't make any money, and only the rich

34:40

get richer and I just fall farther behind.

34:42

But that's not the truth.

34:43

So actually there's three types of capital.

34:46

So financial capital is what they're thinking about

34:48

I don't have the money. I don't have the finance.

34:50

I don't have the financial capital in order

34:52

to go make money. I don't have the money to go start a business.

34:55

I don't have the money to go buy a piece of

34:57

real estate or whatever it is.

34:58

I don't have the financial capital. But there's two

35:01

other types of capital. There's three total.

35:02

There's two other types, and the financial

35:05

capital is actually the least important

35:07

of the three, and it's the hardest to get, so

35:09

most people focus on the hardest one that's the least important.

35:12

The two other types of capital are one

35:15

mental capital skills. Do I

35:17

have the skills and experiences to do something?

35:20

If I had the money to go buy

35:22

a business or start a business, do I even have

35:24

the mental capacity the mental skills to even

35:27

make the business successful. If

35:29

I was presented with an opportunity to

35:32

build a hotel or revamp up whatever

35:35

like, do I have the mental capital the skills

35:37

to do that? And then the third type

35:39

of capital is relationship capital.

35:41

Do I know the people that are doing these

35:44

things that can bring these deals to me? When

35:46

I look back through my whole career, all of

35:48

my success has pretty much come

35:50

from somebody I know, I met this

35:52

person that gave me this idea. Oh, I joined

35:54

in this partnership opportunity. We started this company

35:57

together, and it always came from

35:59

a relationship that I had. When

36:01

I went broke in two thousand and eight, after you

36:03

know, multiple exits and tens

36:06

of millions of dollars in real estate, and I had to start over,

36:08

I didn't have the financial capital, but I still

36:11

had the mental capital, and

36:13

I still had my relationships and

36:16

leveraging those two with no money, I

36:18

was able to build an eight figure portfolio back in record

36:20

time. And so focus

36:23

yes on the money, but focus on the relationship

36:26

capital and focus on the mental capital.

36:28

How can you do that? Well, you're focused on the mental capital

36:30

by listening to me. You can continue to read books,

36:32

continue to listen to podcasts, just like you're doing

36:34

now. And for relationship capital,

36:36

join some local networking groups, travel

36:39

to some events, join some communities

36:42

like I started my Markmoss dot com slash

36:44

advisors, go dot one Markmoss dot com slash

36:46

advisors. But whatever you do pour

36:49

into those, those will pay more dividends

36:52

and lead to your role in success and

36:54

success. Don't be afraid to start action

36:57

leads to clarity, don't be afraid to fail, failure

36:59

leads to success.

37:01

And just keep going. Hopefully this makes sense.

37:02

Let me know what you think. Hit me up on social media one

37:05

Mark Moss and with

37:07

that, I'm gonna sign it off to your success.

37:09

I'm out.