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Transcript
- 0:00In this lessons episode, discover how an internal locus of control can transform the way people approach success and adversity.
- 0:06Understand why personal agency matters more than blaming external circumstances.
- 0:10Explore how mindset shapes the belief in what is possible and uncover how focusing on what can be controlled creates a more empowering path forward.
- 0:26I actually, you know, you can make a lot of money and still have a poor mindset.
- 0:33You can make a lot of money and still be fearful that you're going to lose it all or take high risk or be greedy or hate other people that made money.
- 0:44It's tough to get out.
- 0:45It's tough to move from scarcity to abundance.
- 0:50It's tough to talk about because it seems like such non-concrete terms.
- 0:58What does that mean?
- 1:00Because people want to...
- 1:03I think when you say scarcity mindset...
- 1:06People like, yes, I didn't have a lot growing up and now I'm making some money, but I still can't shake those beliefs that my parents had that probably are sort of things that have been instilled in me.
- 1:20And I think that it's tough to talk about those two terms because people don't have a very clear way of changing their mindset from scarcity to abundance.
- 1:28Like, what's the point?
- 1:30And I don't know if you don't have a, maybe you do have an idea or advice for people.
- 1:36But I don't know how or why some people are always so angry with money and the concept of money and making money.
- 1:44And people will look at somebody like, they're almost like just they look at the world through this pessimistic lens.
- 1:51I don't know why that is, but say somebody doesn't want to look at the world that way or they want to have a healthier relationship with money, what's the way they achieve that?
- 2:02What's the path they can go on, the tactics, the framework?
- 2:05Because...
- 2:07I couldn't tell someone, hey, just switch from scarcity to abundance.
- 2:10And, you know, you do these five things a day and don't worry, you're going to have a healthier relationship with money.
- 2:15I don't have that path.
- 2:17But I do know that there's people that are definitely in camp one and camp two.
- 2:20Yeah, there is a framework that...
- 2:25In psychology, successful people, they have an internal locus of control.
- 2:31And what that means is, and this is something you could put on literally right now as a framework in how you operate and think about the world.
- 2:38Do you believe right now that most of what's happening to you is because of you?
- 2:42And do you also feel or believe that you have the ability and control to change it, change your circumstance?
- 2:48Yeah.
- 2:49For better, for worse.
- 2:50That is what we define as internal locus control.
- 2:52I can change.
- 2:53I have the ability to make change.
- 2:55So if you are operating in a world where you have an external locus of control, then everything else is happening to you.
- 3:04You can't create success because whoever's the president.
- 3:09Or if you're at a nine-to-five, like, I can't make six figures because my boss.
- 3:13You're always pointing externally.
- 3:14So I think how you view the world is the first step into making sure all the tactics are executed and you're consistent and you have discipline, all that stuff.
- 3:26To me, the tactics...
- 3:27Like, I assume most people actually know the tactics, but this internal psychology is what prevents them from consistently executing them or giving up when they get started.
- 3:37It's because of first how they view the world.
- 3:40Do you have an internal or external locus of control?
- 3:43When you look at your own journey, what was the moment when that pivoted for you?
- 3:48When you felt like, okay, the world is not something that happens to me.
- 3:52It's something that I can influence.
- 3:56By the way, I love that concept.
- 3:57That's actually...
- 3:58So one of the first interviews that I ever did when I did not know this concept and I and I didn't really understand the difference between internal and external locus of control was with Anthony Scaramucci, who was ironically Trump's like director of communications for like 12 days or something like that.
- 4:15And then they got into like a fight when his first presidency and then he quit.
- 4:20Anyway, he's a big he's a big finance guy.
- 4:23And, and I think I asked him again, this was like very early on.
- 4:28So these were not like refined questions.
- 4:29And I was like, what makes you so confident in your day to day something or what, or what makes you so sure that you was there ever a point when you were sure you could be successful?
- 4:39And he's like,
- 4:40There wasn't like one point, but if I go back to, if I lost everything and all I had was my apartment in Brooklyn and like the shirt on my back and no relationships, no money, he's like, I with 100% certainty could do it again.
- 4:55And he was describing that concept.
- 4:57Like that was what he was describing.
- 4:59He didn't say it.
- 5:00He didn't say locus of control, but he was describing that concept.
- 5:03And that was one of the most, that was a very eye-opening lesson for him.
- 5:07Like, yeah, that makes a lot of sense.
- 5:09Like you can impact the things, you can impact your outcome.
- 5:13You can have agency.
- 5:14You can have like extreme ownership.
- 5:18Was there a moment in your career when you felt that switch or in your life, excuse me?
- 5:22So this is, I think, a blessing of growing up with my parents.
- 5:27So my dad immigrated here when he was 13, which really means my grandma is the one that brought us here.
- 5:32My dad's dad was murdered when he was like five years old.
- 5:35So my dad and my grandma, they faced like tragedy and adversity that I'll never face.
- 5:42And they faced the worst kinds.
- 5:44But when I was raised, I was raised with the belief that we left the bad place.
- 5:49And it was Mexico, like dangerous Mexico.
- 5:52And we came to the good place, which was the USA.
- 5:56Now, whether you agree or disagree with this, this is a mindset shift.
- 5:59And the belief that I was given was like, here in this country, we can make change.
- 6:06We left the place where we could not.
- 6:08And so now it's up to us.
- 6:09And that's something like my parents always instills me.
- 6:11If I want to, I can actually make it happen.
- 6:13I can work hard.
- 6:15Again, work hard and sacrifice.
- 6:17These are things I had to work through.
- 6:18Not everything was amazing.
- 6:19But I never had the belief that...
- 6:24that the world or the system was rigged and we weren't going to make it.
- 6:28We immigrated here so we could make it.
- 6:31And so this is, I think I'm not an immigrant.
- 6:33I was born here, but I have an immigrant mindset that I can make it, make it here.
- 6:37And you don't have to be an immigrant to adopt an immigrant mindset.
- 6:40Why, why do people come to the USA to try to make it happen?
- 6:44The American dream is still alive.
- 6:45Like my parents are example.
- 6:47I'm an example.
- 6:47And it's a belief set that you have.
- 6:50Is the system perfect in America?
- 6:52No.
- 6:52But again, where is your locus of control?
- 6:55I'm not a politician, so I don't try to focus on changing the system.
- 6:59And right now, it was election year, and politics are super hot.
- 7:05And I think a lot of people waste time.
- 7:06If you're a politician, it makes sense to spend hours and hours each day keeping up on all the policy changes and stuff like that.
- 7:12But if you're not, again, are you happy with your circumstance?
- 7:15Do you believe you can make it happen?
- 7:17And here in this country, we can make it happen.
- 7:19And that's why, you know, people that were here and my family tree is like, we now are the most successful we've ever been since moving here.
- 7:26You know, this is something that I've thought about a lot because obviously I'm Canadian and I'm living through like U.S. elections, right?
- 7:34And a lot of animosity and anger and anxiety.
- 7:38And I think that a lot of that is people focusing on the wrong thing, like you mentioned, right?
- 7:43Yeah.
- 7:44I would hope that everybody in this audience, because I fully believe this, it doesn't matter who is in office, you have the ability to figure out how you want your life to end up.
- 7:55And yeah, maybe there's...
- 7:59And it's so interesting because even growing up, I think Canadians look at politics a lot differently than Americans.
- 8:06So Canadians, I remember growing up, my parents would vote for who was best for the municipal government.
- 8:14And then I guess state would be provincial and then federal.
- 8:17And they weren't always politically aligned.
- 8:20So you could have like a left-leaning municipal leader who was committing to putting X amount of dollars into fixing roads and infrastructure.
- 8:26And then you could have a right-leaning, maybe at a federal level.
- 8:31And it was really about who's going to be best for our day-to-day life.
- 8:39And I think that what I've seen is I see that people skew all the way one way or all the way the other way.
- 8:45And they just, all the way down, they vote one way or the other way, which I don't actually think is the right way to vote.
- 8:49I think you should actually vote for the people that are going to best serve you.
- 8:52But regardless of that, I think that,
- 8:57I think that most people in this audience, I would hope, understand that no one's going to serve you as well as you're going to serve yourself and your own family.
- 9:04It doesn't matter how aligned people are.
- 9:07You do have to take responsibility for your own happiness while you're on this earth.
- 9:13And I think it's a great and empowering and scary fundamental shift all at the same time.
- 9:19But when you lean into it.
- 9:22it's so freeing.
- 9:23It's so freeing.
- 9:23Cause you're like, it doesn't matter who's in the white house.
- 9:25I'm going to figure out my business.
- 9:27Okay, fine.
- 9:27You know what?
- 9:28Taxes are not as great or taxes are better or whatever.
- 9:31I want to move to this state or that state or red state or blue state.
- 9:34But at the end of the day, I'm going to take accountability for, and you know what?
- 9:38There's a lot of, there's a lot of people that are struggling in red states.
- 9:42A lot of people that are struggling in blue states, a lot of people that are rich as hell in red and blue states.
- 9:46So, I mean, at the end of the day,
- 9:48You can have your politics and you can have your preference for one party or the other, but your day-to-day life is going to be entirely dictated.
- 9:59Maybe 99% of it is going to be dictated by your own actions, not by the actions of the government.
- 10:04And I think that's just a very empowering thing.
- 10:06idea.
- 10:07Anyway, so it's true.
- 10:09I believe it.
- 10:10One of the chapters in our book is actually your political party doesn't give a shit about you.
- 10:14Oh, it's worth it.
- 10:16It's solely aligned.
- 10:16It's solely aligned.
- 10:17Like, it doesn't matter who's in office.
- 10:19If they actually did have the power to control our life,
- 10:23in full and some governments have in our history, their idea of what, what, how our lives should be is never what you would want.
- 10:31It's scary.
- 10:32So you, like we live in a world today where you, you have the ability to change.
- 10:37And again, it comes down to internal versus external locus control.
- 10:40Whatever the government does, it's not going to affect me.
- 10:43And that's, again, I'm saying that as a mindset.
- 10:45Not like if they can or not, at least in this free world.
- 10:48Thanks for tuning in.
- 10:49If you found this valuable, don't forget to hit that subscribe button so you never miss an episode.
- 10:54And if you want to dive deeper into this conversation, check out the links in the description to watch the full episode.
- 10:59See you in the next one.