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RICH PAUL SAYS NO ATHLETE CAN AFFORD TO FLY PRIVATE ALL THE TIME · Earn Your Leisure

• 0:01
  Speaker 1: This episode is brought to you by P and C Bank.
• 0:03
  Speaker 1: A lot of people think podcasts about work are boring,
• 0:06
  Speaker 1: and sure they definitely can be, but understanding a professionals
• 0:10
  Speaker 1: routine shows us how they achieve their success little by little,
• 0:14
  Speaker 1: day after day. It's like banking with P and C Bank.
• 0:18
  Speaker 1: It might seem boring the safe plan and make calculated
• 0:21
  Speaker 1: decisions with your bank, but keeping your money boring is
• 0:24
  Speaker 1: what helps you live or more happily fulfilled life. P
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• 0:39
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• 0:43
  Speaker 2: That's what we're talking about. That education process.
• 0:45
  Speaker 1: When you're taking on a client, how important is that
• 0:47
  Speaker 1: they're thinking about life after their career before you involved
• 0:51
  Speaker 1: them and signed them to clutch.
• 0:54
  Speaker 2: It's very important.
• 0:57
  Speaker 3: And I'm telling you man, athletes, they live a tough life.
• 1:01
  Speaker 3: It looks great, but when you think about all they endure.
• 1:09
  Speaker 2: And to pull down.
• 1:10
  Speaker 3: You know, I always tell my family, let me be
• 1:14
  Speaker 3: your back line of defense. You know, don't don't allow
• 1:19
  Speaker 3: yourself to think that what's mine is yours. But if
• 1:23
  Speaker 3: I'm your back line of defense, then you know, we
• 1:27
  Speaker 3: can really stay afloat. For athletes, we all have survivor's
• 1:31
  Speaker 3: remorse right. We all have that feeling that we feel obligated.
• 1:36
  Speaker 3: And like mister Bridgman said, I got guys twenty two
• 1:41
  Speaker 3: making two hundred million dollars over the next four or
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  Speaker 3: five years.
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  Speaker 2: I got several of those guys right, and by the words.
• 1:50
  Speaker 3: But the reality of it is, I'm constantly telling them
• 1:55
  Speaker 3: that's not a lot of money based upon where you're starting,
• 1:58
  Speaker 3: because you're starting from zero, right, So how do we
• 2:01
  Speaker 3: understand how to compound that? Because they're done at thirty three,
• 2:08
  Speaker 3: everyone's not going to be play to they're forty.
• 2:10
  Speaker 2: They're done there when they're thirty three. That money's taxed.
• 2:14
  Speaker 3: You know, they're paying a fifty five fifty one percent tax.
• 2:18
  Speaker 3: Not to mention genes today, the ones they want that
• 2:22
  Speaker 3: they're buying in excess, which they probably don't really need.
• 2:25
  Speaker 3: That costs two grand. It's not the same his genes
• 2:28
  Speaker 3: cost twenty five dollars. It's the difference, and so it's
• 2:32
  Speaker 3: all relative. No athlete can afford to fly private all
• 2:36
  Speaker 3: the time. Yet we see so many athletes on their
• 2:38
  Speaker 3: Instagram flying private.
• 2:41
  Speaker 2: I fly Delta. I cannot afford to fly private, and that's.
• 2:44
  Speaker 3: Okay with me, you know what, and I'll fly I'll
• 2:48
  Speaker 3: sit in the Comfort plus as well. Comfort plus, yeah,
• 2:53
  Speaker 3: because I'm just trying to get where I'm trying to
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  Speaker 3: go to make the money. I'm not trying to spend
• 2:57
  Speaker 3: the money, you know, I'm trying to get there, you know.
• 3:03
  Speaker 3: And the times I do FID private, you will never
• 3:06
  Speaker 3: sit it on Instagram because it's not for show.
• 3:09
  Speaker 2: And so I think that again, it's just this mentality.
• 3:13
  Speaker 3: You have to value infrastructure in any business, In anything,
• 3:17
  Speaker 3: whether it's a family infrastructure, whether it's a business infrastructure,
• 3:22
  Speaker 3: you have to have that.
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  Speaker 2: You can't scale without the infrastructure.
• 3:24
  Speaker 3: But again, growing up, all we know is how to
• 3:28
  Speaker 3: compete amongst once one another. He's been around a long time.
• 3:35
  Speaker 3: These guys have come in and out the league. They
• 3:38
  Speaker 3: don't aspire to be him, right, but they want to
• 3:41
  Speaker 3: be the Rappers, etc. Because they want to do things
• 3:45
  Speaker 3: in excess. He's got an unbelievable portfolio. Imagine if we
• 3:50
  Speaker 3: had our own fund that we allow him to oversee
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  Speaker 3: as well as someone from Blackstone or someone from a
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  Speaker 3: Pollo or someone from Aris, and then we compounded just
• 4:02
  Speaker 3: twenty percent of that income.
• 4:05
  Speaker 2: I don't need to hold tree.
• 4:07
  Speaker 3: In the circles I run in, they're much more wealthy
• 4:11
  Speaker 3: than I am. But I tell them I just want
• 4:15
  Speaker 3: a little pieces of bark. I don't need to hold,
• 4:17
  Speaker 3: you know, I don't need I just want to get
• 4:18
  Speaker 3: in the backseat. Right, I'm gonna shut up. I'm gonna
• 4:20
  Speaker 3: sit back here. You don't even notice I'm here. That's
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  Speaker 3: how I look at myself, and I really believe that,
• 4:26
  Speaker 3: and so I just try to get my guys to
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  Speaker 3: understand that because we come from an environment to where
• 4:32
  Speaker 3: we only want to conquer. We want to conquer. That's
• 4:36
  Speaker 3: why we're killing each other. We want to conquer. There
• 4:37
  Speaker 3: can only be one king, which allows you not to collaborate.
• 4:43
  Speaker 3: If you don't collaborate, then that means we're not communicating.
• 4:46
  Speaker 3: If we're not communicating, then.
• 4:48
  Speaker 2: That means we're unable to build what a community.
• 4:52
  Speaker 3: If we don't build a community, then how we're gonna
• 4:55
  Speaker 3: build anything generational? You just saying some shit that sounds great,
• 4:59
  Speaker 3: you know what I'm saying, But that's not it's not
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  Speaker 3: realistic without taking.
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  Speaker 2: The proper steps. You understand what I'm saying. And we've
• 5:05
  Speaker 2: all been there, you know.
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  Speaker 3: I've come from just a tough place as anybody in
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  Speaker 3: the world. But at the same time, I can't have
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  Speaker 3: the same habits. Once I made it out, I can't
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  Speaker 3: go back and glorify the same things and not give
• 5:20
  Speaker 3: it up.
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  Speaker 2: Right. But if you're gonna ask me for a job,
• 5:25
  Speaker 2: you also have to be capable of doing the work.
• 5:27
  Speaker 3: I can't give you anything, right, You've got to be
• 5:30
  Speaker 3: capable of actually doing it once that opportunity is given.
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  Speaker 3: And so it's a two way street. And I'm just
• 5:37
  Speaker 3: you know, I stress, I really stress this all the time.
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  Speaker 2: I want to be able to hire as many.
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  Speaker 3: People as I can, right, but you've got to have
• 5:48
  Speaker 3: the capabilities, and so, you know, let's match each other's
• 5:51
  Speaker 3: energy from that perspective. And like he said, everybody's that
• 5:54
  Speaker 3: donna get rich that don't that's not realistic.
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  Speaker 2: But you in position, we didn't grow up next to
• 6:00
  Speaker 2: people that have careers. They had hustles.
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  Speaker 3: Jobs, some had decent jobs, very few had good ass
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  Speaker 3: jobs and careers.
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  Speaker 2: It's just the truth.
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  Speaker 3: And so we're trying to fill our way through and
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  Speaker 3: life is all about managing transitions. You have to be
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  Speaker 3: able to That's why car comes with a transmission to
• 6:24
  Speaker 3: understand those gears. You got to know when to park,
• 6:26
  Speaker 3: when it reverse, when they stay neutral, and when they accelerate.
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  Speaker 3: That is real in life itself as well. We've all
• 6:32
  Speaker 3: been in a situation where we had to make decisions
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  Speaker 3: and say, you know what, let me just back up
• 6:36
  Speaker 3: a little bit, or let me just park it right
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  Speaker 3: here before, or if it's going great, let me hit
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  Speaker 3: the gas and get to where.
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  Speaker 2: I'm trying to go.
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  Speaker 3: And so that's how I think every day I wake up.
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  Speaker 3: I've never celebrated one deal. I've done, not one. When
• 6:51
  Speaker 3: I started working with Lebron and for Lebron, I only
• 6:55
  Speaker 3: the most money I ever made working for Lebron was
• 6:58
  Speaker 3: forty eight thousand dollars a year.
• 7:00
  Speaker 2: That's the most I ever made. I was only on
• 7:03
  Speaker 2: his salary for two years.
• 7:06
  Speaker 3: That was since six I've been off his payroll. Right
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  Speaker 3: we're in twenty twenty three. It was important for me
• 7:13
  Speaker 3: to get off of his payroll as fast as I
• 7:15
  Speaker 3: possibly could.
• 7:17
  Speaker 2: That was very important to me.
• 7:19
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• 7:21
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• 7:35
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• 7:38
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• 7:44
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• 7:47
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• 7:51
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• 7:55
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• 7:58
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• 8:01
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