Latest / Success Story with Scott Clary / James W. Keyes - Author, Global Executive, Philanthropist | Education Is Freedom
Transcript
- 0:00You said that education is the antidote for fear.
- 0:03You've also said that education is freedom,
- 0:05but I'm very curious as to why education is the antidote for fear.
- 0:09Well, I think the difference between just raw knowledge and wisdom
- 0:12to behave in a civil society, which is IQ.
- 0:16In my book, I try to set that out as an objective.
- 0:19It's why learning is so important.
- 0:20It's why education is so important.
- 0:22Let me try to explain the research that I did
- 0:25as it relates to education and why I discovered that fear
- 0:29is the culprit behind people not being able to succeed,
- 0:33or as individuals who are as society,
- 0:35and to think about entire societies.
- 0:38So how did you solve for that in your life?
- 0:39Now, reality is today, we don't really have that much to fear.
- 0:43How do you get rid of this cycle of fear,
- 0:45leading the anger, leading the hate, leading the violence?
- 0:48How do you reverse that cycle as an individual or as people?
- 0:52We don't have any natural predators out there.
- 0:55So what do we afraid of?
- 0:56Welcome to success story.
- 0:59I'm your host, Scott Clary.
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- 2:23Jim, thank you for coming on.
- 2:25I appreciate you a lot for spending some time.
- 2:28We're going to have a good time today.
- 2:29I wanted to kick it off with something that you said
- 2:33on previous podcasts.
- 2:35You said that education is the antidote for fear.
- 2:39You've also said that education is freedom,
- 2:41but I'm very curious as to why education
- 2:44is the antidote for fear.
- 2:46Sure, let's just start it off with something light,
- 2:48light, fear.
- 2:51Well, listen, I dive in and we'll get light.
- 2:53Don't worry, we'll get light.
- 2:54But I need like that.
- 2:56I need that mic drop moment at the beginning
- 2:58so people listen to that.
- 3:02It's really morning.
- 3:03We're talking about fear.
- 3:06Let me try to explain the research that I did.
- 3:12As it relates to education and why I discovered
- 3:17that fear is the culprit in so many cases
- 3:21behind people not being able to succeed.
- 3:25Or as individuals or as society,
- 3:28I mean, think about entire societies that have crumbled.
- 3:32If you dig into the reasons why,
- 3:35fear often is the reason they just imploded from within
- 3:40and trying to dissect that.
- 3:43I started to look at fear and try to understand
- 3:47that I literally went into the science of the brain
- 3:50to understand why is it that we in this day and age
- 3:55are still reacting with our caveman mentality.
- 4:02Literally goes all the way back to the to the fight or flight
- 4:06on nature that we have that's in our brain that that protects us
- 4:12from danger so that if the lion was to approach,
- 4:15we would be afraid and we would either be prepared
- 4:18to fight that lion or we would run fast enough to get away.
- 4:23Well, that same human impulse we carry into the office
- 4:28hit a blue call in a white collar world
- 4:31will carry that same fight or flight instinct
- 4:34in the office and if something makes us afraid,
- 4:39we react.
- 4:41And that reaction maybe we don't fight,
- 4:43maybe don't run away,
- 4:45but it's a variation of that same impulse
- 4:49to react to that fear and protect ourselves.
- 4:53Now, the reality is today,
- 4:56we don't really have that much to fear.
- 4:58Well, we don't have any natural predators out there
- 5:01that are going to kill us.
- 5:02Nothing in the work environment is going to do something
- 5:07of that much harm to us.
- 5:09So what are we afraid of?
- 5:11So I try to dig into that cause of fear
- 5:15and I have this way of trying to simplify things.
- 5:21And so by the way, that's very important.
- 5:24Like that skills it in and of itself
- 5:26because I think about what you just said about fear
- 5:29and that has side that sideline my career multiple times
- 5:33and you don't know why you're making the moves
- 5:36or not making the moves that you should be,
- 5:38especially in entrepreneurship
- 5:40in taking that next role.
- 5:42And that's why I love by the way,
- 5:43that is why I love that one liner.
- 5:45Like the antidote to fear is education
- 5:48because you're solving that problem
- 5:50that a lot of us can't even articulate.
- 5:52Exactly, exactly.
- 5:54It happens to every single one of us.
- 5:56Every single day,
- 5:57we have something in our life that triggers a reaction
- 6:02and that reaction is that portion of the brain.
- 6:05I think it's being big or something in your brain.
- 6:08That portion of your brain that is programmed
- 6:13to protect yourself.
- 6:14But there's so little to protect ourselves from.
- 6:17And yet it triggers an overreaction
- 6:21and it comes out in behavioral ways
- 6:24that are generally not good for us
- 6:26because that reaction then triggers a reaction
- 6:30with another person or another person
- 6:32or an entire group of people.
- 6:35And we end up in a very bad situation.
- 6:38We sometimes derail our career.
- 6:40Or as I said, societies can be real.
- 6:42There will society.
- 6:44A democracy can implode as a result of fear.
- 6:49If you go back to FDR's inauguration speech,
- 6:53the only thing we have to fear is fear itself
- 6:56at a very important time in American history.
- 6:59He called out the importance of people
- 7:03being victims of their own fear
- 7:06and not just individuals,
- 7:08but society being a victim of its own fear.
- 7:11So yeah, it's that portion of our brain that triggers it.
- 7:14So as you mentioned, simplicity is so important.
- 7:18So I try to break things down in the super simple term
- 7:21so I can understand this.
- 7:22Then the course of writing the book,
- 7:24I was puzzling over why do I react like that?
- 7:27Why do people around me react like that?
- 7:32And I remembered going back as a kid,
- 7:35you were afraid of all kinds of things.
- 7:37And what would you do?
- 7:38You'd call mom and mom would come in
- 7:40and mom would turn on the light.
- 7:43And when the light came on,
- 7:45you discovered there's nothing to be afraid of.
- 7:48There isn't a monster in the closet.
- 7:50There's no boogie man under the bed.
- 7:52Even though I thought there was,
- 7:53I was convinced there was a monster in the closet.
- 7:56But you turn on the list.
- 7:57The closet's no monster, right?
- 8:00Well, in the simplest fashion,
- 8:02that's what knowledge does.
- 8:04Knowledge is the light.
- 8:07You turn on the knowledge
- 8:09and you discover there's really nothing to be afraid of.
- 8:12Because now you understand.
- 8:15It's not really knowledge
- 8:17that encourages the fear.
- 8:19It's understanding.
- 8:21Well, knowledge leads to the understanding.
- 8:23And then understanding
- 8:25is what then helps you eliminate fear.
- 8:28You eliminate the fear.
- 8:29You eliminate the anger.
- 8:30You eliminate the anger.
- 8:31You eliminate the violence.
- 8:33I actually went back to the Greek philosophers
- 8:37and found a wonderful quote
- 8:41that I discovered Yoda used in Star Wars.
- 8:45I thought Yoda would relate much more to my audience
- 8:51than some ancient philosopher.
- 8:53So I've been quoting Yoda
- 8:55who says that fear leads to anger
- 8:59and anger leads to violence.
- 9:02So true.
- 9:04How do you get rid of this cycle of fear
- 9:07leading the anger,
- 9:08leading the hate, leading the violence?
- 9:10How do you reverse that cycle as an individual
- 9:14or as people?
- 9:15Well, you take the fear part
- 9:20and you obliterate with knowledge.
- 9:23Can I ask something in your career?
- 9:25Because you chose to focus on education
- 9:28as this thesis for solving so many problems.
- 9:31I think a lot of people would agree with.
- 9:34And we can talk about different kinds of education,
- 9:36formal education, non-formal education.
- 9:38But you make a clear distinction between education and knowledge.
- 9:42And I also want to go into your origin story
- 9:45and where you came from,
- 9:46because I've heard it a few times now.
- 9:49And why education played such a crucial point in your own life.
- 9:52But obviously, a lot of people, not everybody,
- 9:55but a lot of people do go through formal education.
- 9:58A lot of people still have a lot of fear.
- 10:01So how do you solve for that knowledge gap
- 10:03that eliminates the fear?
- 10:05Because most people that have formal education
- 10:08do not end up as CEOs of F 500 companies.
- 10:12And they don't not even, not even to that extreme.
- 10:16They won't even take their career to like the next role
- 10:19or the next level or the next company.
- 10:21Forget going to like the epitome of the company here,
- 10:25the of success, right?
- 10:27So how do you solve for that?
- 10:28How did you solve for that in your life?
- 10:30I wish I could say I've solved it perfectly.
- 10:34Perfect example of confidence
- 10:38and have completely obliterated fear.
- 10:40But I am human.
- 10:41And so I fall back into that same trap.
- 10:44But here's the way I look at it.
- 10:47I tried to understand this concept
- 10:51because you look through history.
- 10:54It's littered with examples of really intelligent people
- 10:57doing some really stupid things.
- 11:00And it's hard to understand.
- 11:03Even today, I puzzle over where we are in the world
- 11:07when we're still in this day and age,
- 11:09and this modern age of technology and reason and logic
- 11:12that we still are blowing each other up with eggs
- 11:15and rockets and bombs.
- 11:16It's mind-boggling to think
- 11:21that we as humans can't rise above that level
- 11:25of having to solve problems
- 11:28with military interaction.
- 11:30Now it's real, but it's kind of mind-boggling to think about it.
- 11:34So I've tried to understand going back through history
- 11:38what the difference is between intelligence
- 11:42and knowledge.
- 11:44And then what I take to another level,
- 11:46call it wisdom
- 11:48to really get beyond those things.
- 11:50And it's fascinating how wise
- 11:54some of the ancient
- 11:56philosophers really were
- 11:57because they called these same issues
- 12:00hundreds or thousands of years ago.
- 12:03And I tried to understand what their point of view was.
- 12:06And look at it. So look at it this way.
- 12:09We've got an IQ test, right?
- 12:11So we have a way today to measure someone's
- 12:14technically someone's raw intelligence.
- 12:17And it's called IQ.
- 12:19And then not long ago,
- 12:20somebody came up with a way to measure it.
- 12:22They said, wow, you know, intelligence alone isn't enough.
- 12:26There's something called EQ, right?
- 12:28An emotional quotient, emotional quotient.
- 12:31That measures someone's ability to
- 12:34perhaps moderate their reactions to some extent.
- 12:39And so IQ plus EQ,
- 12:43think of that as knowledge.
- 12:45Okay.
- 12:45I've got enough knowledge that I can survive
- 12:49in society without imploding
- 12:51and making it complete to myself.
- 12:54And then
- 12:56you still get people with IQ plus EQ still doing some things
- 13:00that make you pause and you say,
- 13:02well, I don't know why.
- 13:06Does this person think that way or behave that way?
- 13:10Well, then there's something in the in the book,
- 13:12I addressed this issue of why, why learning.
- 13:17And it's things like collaboration because we have to work with others.
- 13:20It's things like cultural literacy,
- 13:22being understand other cultures.
- 13:25But then the most important element of the why I think
- 13:30was character.
- 13:32So character is that
- 13:34integrity.
- 13:35Can I trust what you say to be true?
- 13:39It is humility.
- 13:41Do you, are you confident enough that you know you have more to learn?
- 13:47Which is my definition of humility.
- 13:50Compassion for other people.
- 13:52Yes, you want to be free.
- 13:54But are you, are you going to sacrifice the freedom of others for your own freedom?
- 13:59You're in a collective society.
- 14:01So those are the elements that I call character.
- 14:06And it's that go back to that formula IQ plus EQ.
- 14:09All right, if that's knowledge.
- 14:12Well, I think the difference between just raw knowledge
- 14:15and wisdom to behave in a civil society
- 14:20is IQ, you have to have some basic level of intelligence, EQ, you have to have some
- 14:27emotional quotient, some emotional capabilities to negotiate, navigate in this world.
- 14:35But then IQ plus EQ plus THEQ, you bring in that character quotient.
- 14:43Then I think we have people with true wisdom.
- 14:46And so in my book, I try to set that out as an objective.
- 14:50It's why learning is so important.
- 14:52It's why education is so important.
- 14:54Because it's not just about learning science or math.
- 14:59It's all about also learning how to navigate in this world with other people.
- 15:05So I think that what you're unlocking is the need for this lifelong attitude towards learning.
- 15:14And I think that what a lot of people end up fumbling is they stop learning
- 15:21after they finish high school college university, grad school, whatever, even PhD.
- 15:26But then like, there's like this mark between I've finished my education.
- 15:31And now I'm going to go into the workforce or do my thing.
- 15:35And I'm going to basically shift how I view the world.
- 15:41Now I'm just operating in the world.
- 15:43I'm no longer consuming as much at the frequency that I was.
- 15:46And I don't have I don't I'm not doing it purposefully.
- 15:49And this is not this is not a hard and fast rule.
- 15:53I mean, I think a lot of people do try and continue to learn.
- 15:55And those are probably the ones that end up building companies end up
- 15:59being CEO of X fortune 500 fortune 1000 anything.
- 16:04You're the ones who like rise to the top.
- 16:08When you look at like even your own career,
- 16:12how is education ongoing learning really changed like the trajectory of what you've been able to do?
- 16:19Oh, I've got a great analogy for you.
- 16:22Yes, I love it now it has changed that it has changed that trajectory.
- 16:27I credit virtually everything in my career trajectory to my lifelong learning.
- 16:35My continued willingness to learn and adapt and learn more.
- 16:40But here's my favorite analogy.
- 16:42As you can see in my background, I'm a aviation nut.
- 16:46I'm a pilot. I love to fly and learn to fly.
- 16:50You have a nice hanger too.
- 16:51I saw I saw the video.
- 16:52You have a hanger.
- 16:53You have a couple toys there.
- 16:54That's good.
- 16:55Yeah, it's a lot of fun.
- 16:56It's a you know, some
- 16:59some people like some kind of toys.
- 17:01I don't like your play.
- 17:04Different kinds of airplanes.
- 17:05Other old bush plane.
- 17:07Very war war two aviation trainers.
- 17:11Fabulous fabulous privilege to be able to do that.
- 17:14But there's what I learned really early when I learned to fly.
- 17:19Excuse me, you train for 40 hours basically to get a pilot's license.
- 17:25And at about 20 or 30 hours, your instructor will say, okay,
- 17:29now it's time to solo and they turn you loose in this aircraft.
- 17:33You're terrified because you have no idea what you're doing yet.
- 17:37And yet you have to learn.
- 17:39And so they turn you loose to solo and you lie a couple of times around the patch.
- 17:44And then you land it.
- 17:45Oh my goodness.
- 17:46I lived.
- 17:47It's amazing.
- 17:48And then you continue on.
- 17:50You practice more solo by yourself.
- 17:53You then take a test and they grant you with a pilot's license.
- 17:57Here you go.
- 17:58Congratulations.
- 17:59The FAA sends you a nice little letter and you get this little thing
- 18:02with a pilot's license with your picture on it.
- 18:04And you're so proud of yourself.
- 18:07All you have at that point is a licensed word.
- 18:11Because if you just jump in that aircraft and don't keep learning,
- 18:15you're probably not going to live.
- 18:18And that's what weeds out bad pilots and they cut.
- 18:21There's an expression they say there are old pilots and there are bold pilots.
- 18:25But there are no old bold pilots.
- 18:29And if you take that same lesson that to fly,
- 18:35you must keep learning.
- 18:37Not just about lying the airplane.
- 18:39You have to know meteorology.
- 18:41Because you're right into weather and if you bumble in with stop thunderstorm,
- 18:46you're likely to kill yourself and your passengers.
- 18:49You have to understand mechanics because a airplane breaks in mid-flight and something goes wrong.
- 18:57You have to understand the nature of that mechanical law to be able to land safely.
- 19:03Correct it in mid-flight or be able to land the aircraft even with something wrong with it.
- 19:08Perhaps you hit a bird, whatever the circumstance.
- 19:12So that idea that to survive as an aviator, you must learn constantly.
- 19:20Today I train once a year with the professionals on a place called Flight Safety and they throw all
- 19:26kinds of things at me that I'd never seen before to teach me how to respond.
- 19:33There's two things I'm learning.
- 19:34I'm learning the technique of responding, but I'm also learning to overcome that portion of my
- 19:42brain that causes me to freeze or flee or or want to fight resist.
- 19:50It's what I call the difference between a caveman brain and the aviator brain.
- 19:55On Apollo 13, I used the example in the book, if they wereverted to their caveman brain,
- 20:01they would have been fighting each other because they wouldn't have
- 20:06actively worked even with mission control to solve the problem and to return to Earth safe.
- 20:15So they had to block out that natural instinct of fear and overcome it with reason and lodge it.
- 20:24And that's that aviator brain working.
- 20:27It's the frontal lobe versus the amygdala that causes you to react and overreact and pit it.
- 20:34So think that same analogy now and apply it to business. It's the same thing.
- 20:39You know what I was going to say.
- 20:40I was going to say candidly you've gone through some like some stressful shit in your career.
- 20:45Like exactly.
- 20:48I would say it's the same blockbuster was the same level as Apollo 13.
- 20:52It wasn't exactly life threatening, but it was pretty scary.
- 20:55It was I think at one point you said you were a billion dollars in debt.
- 21:01Well, when I arrived at the company, they had a billion dollars debt.
- 21:04And it really wasn't that big a problem because a lot of cluster was like for a company that's that.
- 21:10Yeah, for a company that size was a cash flow machine.
- 21:12It had very good credit terms with the studios.
- 21:15So it was it was a great business model.
- 21:17But in I arrived in 2007 by September of 2008, barely a year after I got there,
- 21:24Alayman Brothers collapses.
- 21:27All financial market implodes.
- 21:29The world thinks it's going to act and I'm trying to refinance a third of a billion dollars of
- 21:37debt and the and the banks are looking at me like a crazy.
- 21:41Nobody's getting refinanced.
- 21:42Never mind somebody need blockbuster.
- 21:45So yeah, challenging times.
- 21:51I want to I want to learn just like a little bit more.
- 21:53And we'll go back to this.
- 21:54First of all, this is a great.
- 21:55This is a great little spiel and education.
- 21:58And we're going to get back there in a second.
- 22:00As I think, obviously, this is where you focus most of your work.
- 22:03But I just want to understand a little bit of your origin story.
- 22:06And maybe some of the maybe some of the things that sort of formulated
- 22:11or formed how you think, how you work, how you operate.
- 22:15You don't have to go into the whole thing.
- 22:17But some major parts of your of your childhood, of your early career,
- 22:22they really sort of set you up or teach you up to who you are today.
- 22:26Yeah, sure.
- 22:27Well, I was really, really fortunate growing up because I was dirt poor.
- 22:33That's a little bit.
- 22:35But yeah, and I had a whole host of horrible things happen.
- 22:40You know, family breaks up, mother leads,
- 22:44mother gets sick, ends up passing away.
- 22:47Yeah, all that stuff was great.
- 22:50And I'm just I'm kind of being facetious,
- 22:53but I'm serious in a way because I've all that
- 22:58crop that I had to face as a kid and adversity
- 23:01built into me a resilience that made me realize, okay,
- 23:08all this bad stuff's happening.
- 23:10It's nothing I can do about it.
- 23:13I might as well figure it out myself because nobody's here to,
- 23:17I don't have a safety net anymore.
- 23:19Nobody's here to catch me.
- 23:20And my my course of action was for whatever reason,
- 23:26I felt that inside of books would be the answer.
- 23:31That I would, if I could just learn as much as I could possibly learn,
- 23:37I'll figure out how to survive this world.
- 23:41And it worked.
- 23:42And the more I learned, the more I figured out I could do,
- 23:46whether it was just in school or in sport or in work.
- 23:53When I first started working, my very first job at McDonald's,
- 23:57flipping burgers, I worked, I think harder than anybody around me on purpose
- 24:04and learned more than I ever thought I would want to know about hamburgers.
- 24:10And I ended up being made a shift manager at like 60 and a half years old.
- 24:15It worked.
- 24:16So this positive reinforcement of adversity can actually be turned into advantage
- 24:24if you respond in a certain way.
- 24:28So when you look at how you turn adversity into advantage,
- 24:36I think there's a term that you coined.
- 24:38It is, where is it?
- 24:40It's CEO.
- 24:41What's the change equals opportunity?
- 24:43I love that.
- 24:43Very, very clever turn.
- 24:47Very clever turn.
- 24:48So what's the framework for change equals opportunity?
- 24:53Yes, okay.
- 24:53That sounds great.
- 24:54It sounds nice.
- 24:56I think a lot of people would say,
- 24:57oh, that's a nice little acronym.
- 25:00But when it changes, it doesn't always work out so well.
- 25:04So we're talking about new technologies that are coming into the workplace.
- 25:08We're talking about new problems that that exactly is people are trying to deal with.
- 25:14How does change equal opportunity?
- 25:15Because like for you, even rock bottom created opportunity through the mindset
- 25:20that it instilled in you, but change is different than rock bottom.
- 25:25Because change means things were kind of going okay.
- 25:29And then it took a hard left.
- 25:32Rock bottom makes sense because there's nowhere else to go.
- 25:36But change is like we had it figured out for the past five,
- 25:39ten years.
- 25:40And then all of a sudden we don't have it figured out anymore.
- 25:43And I think that screws up a lot of people.
- 25:45So how does change equal opportunity?
- 25:49It screws up a lot of people.
- 25:50But if you think about what change represents the core of all commerce,
- 25:56all commerce starts with change.
- 26:00Somebody needed something.
- 26:03And it was a change that occurred in some way.
- 26:05It may have been somebody invented fire or the wheel.
- 26:09And somebody else said, oh, that's bad.
- 26:13And I imagine the first guy out there,
- 26:15the first caveman that they invented fire.
- 26:18And somebody else's wife probably said, what are you crazy?
- 26:21You're going to burn our little hut down.
- 26:24Yeah, but look what I can do with this fire.
- 26:27I can create something.
- 26:29And it may be that maybe fire came from a lightning bolt that hit their house
- 26:33and burned it down.
- 26:35And they said, oh, look at that.
- 26:38We can actually cook this buffalo on fire now.
- 26:42And it tastes better.
- 26:44I'm being facetious, but I say,
- 26:49but the origin of all commerce is someone responding to a change that someone else thought was bad
- 26:58or didn't respond to and turned it into an opportunity.
- 27:03They made money off of that opportunity or were compensated in some fashion or that opportunity.
- 27:10And this continues today.
- 27:13So someone will create a new technology and it terrifies people right now.
- 27:19People are afraid of AI.
- 27:21Someone is going to harness AI and turn it into something miraculous here for some
- 27:28incurable disease and ability to light up the world with clean energy or an ability to teach
- 27:36people who couldn't otherwise learn because you can
- 27:40modulate the curriculum and the learning style to the way someone or the teaching style to the
- 27:45way someone learns.
- 27:47So it is even the worst possible change and sometimes be for a reason.
- 27:58Let me give you another example.
- 28:00A forest fire sounds like it's a devastating thing.
- 28:02This is a natural occurrence when forests become overgrown sometimes, they will
- 28:12hatch on fire, burn to the ground and the rebirth of that forest if left alone may take many many
- 28:20years, but then it grows back stronger and healthier. Humans are the same.
- 28:27We have changed that happens to us.
- 28:29It feels devastating. It hurts.
- 28:32Maybe a lost love one, whatever, but somewhere in there could be a learning that makes us
- 28:38better on the other side. We can power through.
- 28:42Do you think that now just to apply that sort of thesis to education, how do you feel that
- 28:48education has changed? Because I have opinions about
- 28:53university and higher education and the value that it provides.
- 29:00And I know that a lot of people, I mean, I went to university, I got my MBA, so I'm not really
- 29:05one to talk. So I've never dropped out and built something like a lot of the Stanford
- 29:10graphs or whatever or the Stanford dropouts. But how do you think education has changed?
- 29:16When you say education, what version of it are you referring to as it?
- 29:21Self-education, auto-died act where you're going on YouTube, is it going to formal school?
- 29:26Like just talk to me about what education should be from your perspective for somebody who is
- 29:31in high school right now.
- 29:32Well, first of all, the accumulation of knowledge is the most important thing.
- 29:36So for yet, how you get it and some of us need a more formalized structure, others don't.
- 29:44And they're self-starters and they can learn, they can become a genius without.
- 29:49Let's face it, David, she'd have a formal school, right?
- 29:53That's very true. She didn't get his undergrad.
- 29:55She didn't get his undergrad or is engineering degree, but it was able to accomplish, right?
- 30:04And so learning is the first most important thing.
- 30:09But there is a really, really dangerous narrative that's going on right now because
- 30:14we are a lobby, education is a lobby, technology will transform education over time
- 30:21in the same way it's transformed retail or the automobile industry or anything else.
- 30:26Technology will be a huge, huge boon to society all over the world,
- 30:33lighting up bark corners of the world where they couldn't get learning in traditional fashion.
- 30:38They will with technology now. Here's the problem, we're in this evolutionary phase.
- 30:47So if someone leaps too quickly and believe me, I'm one of those guys that tends to be a
- 30:51head of friends. I was a little early, perhaps, with Blockbuster,
- 30:57bought a streaming video company before Wi-Fi was able to stream. We were ready to go, but we were
- 31:03early. I've had a lot of those circumstances. The same applies to someone who says,
- 31:10I don't need to go to college. I can learn everything I need to learn from YouTube. Well,
- 31:15maybe that's true. But until technology comes up with a credentialing system and a measurement
- 31:23system for how much knowledge one is able to accumulate without the formalized structure,
- 31:29that entrepreneur that drops out of school has to raise money when they sit in front of a banker
- 31:36or an investor. The first thing the investor is going to look at is their resume.
- 31:40And if the resume says, I learned early, I needed to know from YouTube and I stated a holiday in.
- 31:47The investor may say, you know what, I'm going to give my money to this other person
- 31:54who excelled in the formalized structure, got an MBA and is an entrepreneur.
- 32:01So at the end of the day, it comes down to differentiation. We are all like products.
- 32:06We compete for opportunity with others and how we brand ourselves.
- 32:14Back to that character quotient, that's a factor certainly in our personalized branding.
- 32:20But our credentials where we went to school, how we get into school, those things are also not
- 32:27critically important. But in today's practical, practical reality of today's world,
- 32:34they're still pretty important. I just want to take a second and thank the HubSpot podcast
- 32:38network for supporting success story for part of the network. If you love podcasts, the HubSpot
- 32:42podcast network has other incredible podcasts like entrepreneurs on fire hosted by John Lee Doomass,
- 32:48entrepreneurs on fire is one of the OG entrepreneur podcasts. It really stokes inspiration, share
- 32:54strategies to fire up your entrepreneurial journey to create the life you've always dreamed of.
- 32:59It has unlimited energy, value and consistency. The podcast is truly for anyone who wants to learn
- 33:04more about entrepreneurship. If you like fast paced, packed with value stories as shows for you,
- 33:09John brings on great guests. He speaks about failures, aha moments, what's working for them currently.
- 33:15If you love podcasts, go listen to entrepreneurs on fire wherever you get your podcasts.
- 33:21You know what I think we're doing? I think that we have like we we put these people that
- 33:29this one entrepreneur that dropped out of school or university or college. We put that person
- 33:34on a pedestal and then we're like, you know what? That's going that's going to be us.
- 33:41And chances are like no offense, chances are that's not going to be most people.
- 33:48Now I think that there's still because there's I also believe that some school is overpriced.
- 33:53I believe that some school creates massive amounts of debt. I think formalized education
- 33:58is good for the right reasons, but I don't think that $100,000 per year is required. So you see
- 34:05what I mean? Like it's like it's good if it could be a little bit I'm Canadian. So I never paid
- 34:09$100,000 per year for college. That to me is that is like post graduate stuff. If you wanted to go
- 34:16to law school or med school, fine, but for undergraduate, like sort of like getting like the basics down,
- 34:22it shouldn't be that expensive. So it's it's a tough it's a tough balance. You have to strike because
- 34:28some people I don't think it's smart to go into massive amounts of debt. But then what do you do?
- 34:34Because are they going to respect a degree from like a second to your second rate college that
- 34:39isn't 100 that I have no idea. I'm not American. So I've never played this game or the system before.
- 34:45But I'm curious like if you were going to give advice to say your your son or your daughter,
- 34:49what what career path and assuming that they don't have scholarships, where would you say they
- 34:55should go? What's like the best outcome for debt versus network versus actual education and all
- 35:04the other in silvery benefits that you do get when you're in like a formalized educational setting?
- 35:09Simple answer. Achieve all you can achieve. Attend the finest school. You can get into work your
- 35:20butt off to get into the best school that you can get and then go. I don't care what it cost,
- 35:27go to be finest education institution you can or as long as you can. Because what that will do
- 35:36for you is generate and then it will be an investment. We're going to talk about that investment.
- 35:44I'm going to talk to you about it from a businessman's perspective, which very few people are
- 35:49looking at. But it is an investment that will pay dividends for the rest of your life.
- 35:54Now let's talk about the cost. There's a lot of misinformation and it's dangerous misinformation
- 36:02because a kid like me would have listened to this and said, well, get it. I can't afford it. And
- 36:07besides Peter feels tell me I don't need to anyway. I can just go be an entrepreneur and
- 36:13here's the analogy. It's like Michael Jordan saying, you don't need to go to college. I didn't
- 36:19just go go be a basketball player. Look how much money you'll make and some people will look at
- 36:24that and they'll strive for that. But 0.1% will succeed and somebody on and Silicon Valley can say
- 36:32the same thing. You don't need to just drop on the school. Just go be an entrepreneur. But do you
- 36:37have what it takes to be an entrepreneur? And if you don't have that base knowledge and you fail
- 36:44as an entrepreneur or just as you may try to be a basketball player or you fail, what do you have
- 36:49to fall back on? Then what? And that's then what that people are taking into consideration that
- 36:55I worry about so much. So my advice is work as hard as you can and get into the best school you
- 37:03possibly can. Okay, let's talk about the price. I'm going to get you some math. I just read an
- 37:09article in Forbes and they talked about the exorbitant price of college education today. It's just
- 37:14grown crazy with inflation. Yeah. Well, in 1980 dollars and they use this example in 1980,
- 37:26it only cost $10,000 room board and tuition. Just do the math. Get on your on your iPhone
- 37:32and run. I don't know what is $10,000 in 2023. It's just straight value of the dollar. It's $55,
- 37:43$60,000. Okay, wait, that's what college costs today. So you're telling me it's not any more
- 37:50expense than it was in 1980. Yeah. What do we remember when I talked about fear and people are
- 38:00scaring people to death. They're throwing all this 100% because I'm not even American and I hear
- 38:08I hear enough of this about college debt and tuition for me to have an opinion about it,
- 38:14even though I never went through the system, which actually when you say it out loud, it kind of
- 38:17sounds a little bit nuts, but you get the second hand information. It's so exactly and it is
- 38:26somebody is afraid of something and they're stirring up all this stuff. You know, maybe somebody
- 38:31had a lot of debt and they're mad about there and they don't have a good job in that. I'm going to say
- 38:36that that doesn't happen. It's not everybody shouldn't isn't cut out for school and not everybody who
- 38:41takes on that debt will be able to pay for it. But here's the way I look at it as an investment.
- 38:47You don't buy a business as an entrepreneur. You would never ever buy a business based on today's
- 38:52dollars. What we do as business people is we have an opportunity. Here's a company. I'm going to buy
- 38:58instead of $10,000. I'm going to spend $10,000,000 by this business. What is the first thing we do?
- 39:05We run a net present value of future income streams that will come from that business,
- 39:11so we discount it back to today's dollars. So why don't we do that when we look at a college
- 39:18education? No, no. It's just fear. I don't know why we don't do that. I don't know. I've never heard
- 39:24that analogy before, but it's very correct. It's a business decision. It's a personal investment
- 39:30that you're making in yourself. You're turning yourself into a corporation, if you will,
- 39:35that will have earnings streams into the future at future dollar values. Not at today. So
- 39:41somebody looks at it and they say, I can't pay $8,000 a year. I'm going to get out of that. I'm
- 39:45going to make $50,000 a year. Well, yeah, but that $50,000 in today's dollars 20 years from now will
- 39:53be $250,000 a year because you had that college education. So it's like buying a business. It's
- 40:02no different. We would never buy a business, any business. If we measured the value, the way we
- 40:08measure the value of a college education, that's so interesting. But it's very, it's very correct.
- 40:14It's very correct. It's simple. You have to sense it. You have to. Yeah, no, I'm just,
- 40:22now you got me thinking now, but I never thought about it that way. Yeah, because all you hear
- 40:30are these conversations about student loan forgiveness. And when you hear so many conversations about
- 40:35student loan forgiveness, then you start to think, well, wow, that must be like a serious issue.
- 40:39Like that must seriously be impacting people because that's all I keep hearing about. So
- 40:44if there's such coverage fear, news coverage equals fear in most circumstances, if there's such
- 40:50coverage about this and that must be something that's really weighing heavily on the recently
- 40:56graduated, you know, US student, American student. But I guess, yeah, that's a very smart way to
- 41:05think about it. You're just like that. We had heavily on me. I thought I'm never going to step back.
- 41:10Man, but I had confidence that if I keep learning and I keep excelling in my job,
- 41:17I'm going to keep getting raises over time. And that that went away. It was shocking
- 41:24at ultimately what an investment that was, what a good investment. Now, I was arguably,
- 41:33probably an outlier in that I leveraged my degree into much greater opportunity,
- 41:40leading to five or 500 companies. So I'm in some ways, I'm as much an outlier as an outlier
- 41:48into that. And that, yeah, yeah. But I mean, okay, so let's be candid. You didn't need the salary
- 41:53of CEO Fortune 500 to pay off the debt. It's not like that's when you paid it off when you are
- 41:59making that much money. Like you can pay it off at a much earlier stage too, right? So,
- 42:04I don't want somebody to think like, well, I'm not going to be see yelling. It's not the point
- 42:08we're having. It's not that. What are some other things that you think we have to unlearn about
- 42:15education? Oh, so there's so much to unlearn in today's narrative because there's so much
- 42:23bashing of education. I know there's there's a lot of noise now about what what teachers are
- 42:32teaching, what schools are doing. Again, it I encourage everyone to separate the fear factor
- 42:40because some of this is motivated by fear. I may not like the teachers union. So I'm going to
- 42:47bash the teachers union. I'm I mean, not like what's being taught. So I'm going to bash the
- 42:54teachers for teaching the wrong things. At the end of the day, I do a lot of work with public
- 43:01school systems. I do a lot of work with post secondary schools. I set a board of two colleges.
- 43:07These are some of the most conservative people I know that said on these boards. And the idea
- 43:13that they would foster an environment, not just not just condone, but foster it to try to
- 43:24change the minds of the young people is mind boggly. I look at it and I say, what are we afraid of?
- 43:30I think we're teaching people how to think. And that's the idea that is the idea in teaching them
- 43:36how to think we're going to cause them to question certain things yet when they question them,
- 43:42then we recoil from that and are afraid of what they're being taught. But that is the way that
- 43:48you should that is the most useful thing. In my opinion, that I actually got from from my
- 43:53formal education, it was critical thinking. Exactly. That's what I got from it. Yeah. Thank you.
- 43:58There's a whole chapter in my book. But if you think of where we are as a polarized society,
- 44:04we're encouraging critical thinking, right? In school. That's the idea. So the think of this is a
- 44:09bell curve and you've got the extremes on both ends of the bell curve and both of those extremes
- 44:17when you have true critical thinking are going to recoil at what the response might be.
- 44:25It could be from the left or the right, they'll recoil from it and say, oh my gosh, what in the
- 44:31world we're teaching them? Well, we're teaching them to think. And and that's what's often missing in
- 44:39this equation. So again, it just, you know, comes back to this idea of what in the world we
- 44:47afraid of. You know, it's very interesting because I've noticed a trend with even young families
- 44:53because I'm at that stage in my life where we have friends with kids and growing up, homeschooling
- 45:00was like never even a thought. That wasn't a thing. But now I hear that more and more and more
- 45:06the people want a homeschool because they're so scared of the education system. And when I was a kid,
- 45:12I mean, my mom would look at me like I had three heads if I said I want to be homeschooled. Like,
- 45:18she'd be like, what are you talking about? Like shut up and get on the bus. And I'd go and act like,
- 45:23exactly. So it's definitely, it's definitely, I understand where you're coming from. I understand
- 45:30I understand why you want to sort of fight back and why you focus on education now because you see
- 45:34a world fit like filled with fear. It's filled with fear. I mean, your example is a great one. I had
- 45:41an assistant I was interviewing and we were talking about the book and I said a big part of your
- 45:46job is going to be this book called education is freedom. And she said, well, I hope it's okay. I
- 45:53didn't go to school. Yeah, it's everyone has a choice as long as you're learning and able to do
- 45:59the job. I'm happy. But I hope you'll continue learning. And she said, oh, no, I believe in
- 46:04education. I believe in it so much that I pulled my son out of high school. And I said, what?
- 46:12She said, yeah, I didn't like what they were teaching him. It was scaring me. They were teaching him
- 46:16crazy things. And I was felt that he was being indoctrinated and, uh, et cetera, et cetera. And so
- 46:26I said, well, what's going to happen? And she said, well, I'm homeschooling him. I said, okay,
- 46:32but is he going to be able to get into college? And she said, no, he didn't really care about college.
- 46:39Okay. Is he getting to play sports? Um, homeschooling, he's getting him this out of football
- 46:45and baseball and things like that. And she's, well, you know, yeah, but there's a trade off.
- 46:50And it was, for me, really hard to hear because I think about that young person and what they'll miss,
- 46:59what the opportunity they'll miss, because they lack that, uh, the collaboration that don't get,
- 47:07the community that they'll, they'll get in that school environment. And it was triggered purely
- 47:13out of fear, sadly. It's sad because I was going to say it's sad because the people,
- 47:19this is very interesting because the people that are pulling their kids out of school or,
- 47:25or saying that colleges are too woke and I don't want to send my kid to this college, whatever,
- 47:30all of these decisions and ideas are, are technically being pushed by people who probably went to
- 47:37college and went to high school. And I don't think anybody, regardless of, of what you believe,
- 47:43really can say with complete certainty that you know the end result of a child that did not have
- 47:49that exposure. Like that's an experiment. It's basically an experiment and you just hope for the
- 47:55best because nobody's ever really gone through this to any degree. I mean, again, those Stanford
- 48:01dropouts, those are not the norm. Those are really in people that had the intersection of
- 48:08smarts plus timing plus luck. And yeah, fine. They built a billion dollar company. You know,
- 48:15many graduate, you know, many dropouts did not build a billion dollar company. I would say like 99.999
- 48:23percent of dropouts did not build a billion dollar, billion dollar plus company. So,
- 48:28it's a whole experiment. I mean, life is always, you know, this is the first time anyone's ever
- 48:33really done life. They don't really know. But I don't think we really understand the repercussions
- 48:37of completely uprooting a formal system that's been entrenched in society for so long. And what the
- 48:43end result of that person's going to be. Yeah. So it's it's back to that practical bit, be practical.
- 48:50In today's environment, we need that credentialing. We need that
- 48:55formal structure to some extent. Home schooling is great. But my encouragement to friends is
- 49:02use home schooling to supplement the formalized education, not to replace it, at least for now,
- 49:08until we have better technology solutions. And we will down the road. There will be ways that you
- 49:14can measure your credential, et cetera, with technology that we don't have today. But I want to
- 49:19go back to your point, because I think this is the ultimate irony of all. Remember, I am a child
- 49:26of the Vietnam era. I grew up in a world where people were protesting. They were burning flags
- 49:36that were doing all of this stuff. And I was I was scallion doing any of that stuff. I was
- 49:41afraid. I was scared to death. I'd get in trouble for it. I couldn't afford to be one of those
- 49:46protesters or do all those things. But I saw it and I lived it. And and half of it was
- 49:53silliness. I remember moratorium day, everybody walked out of school. Well, none of these kids
- 49:58really cared about the Vietnam war. They were kids. They were high school kids. I mean, not none of
- 50:02them. Some of them did. But everybody walked out of school. Most of them just walked out of school
- 50:07because they got a day off. Yeah. And now dial forward. Oh, wait. And the adults, the adults,
- 50:14back then, this generations just fallen apart. Their drugs, their, their, their pot smoking hippie
- 50:22freak, you know, long hair near the wells. Their, this generation is just a mess. Now those same
- 50:32kids that were, that were long hair, pot smokey hippie freaks are now the conservatives screaming
- 50:39in fact, in fact, your nation in the school and all the terrible things that students are doing
- 50:45today. They're same kids. They grew up. They got money. They became conservative in there. Now
- 50:51Paul that what's going on with young people. So we have to take a little bit of this with a
- 50:56grain of salt. It's fear. It is fear. Um, what other, what other strong beliefs, opinions about
- 51:06education, education as a tool or education from a formal context. You just want to like leave
- 51:14the audience with things that like you feel need to be changed in how people approach education
- 51:20or need to be changed in the education system. Either, either, either end of the spectrum. You tell
- 51:25me, but what are some, what are some sort of closing ideas? Yeah. I'll give you, I'll give you three
- 51:30things. I end the book with an analogy. Um, it's, it's one I had for a long time ago. It's a story
- 51:38and a story about a young boy and a wise man and the young boy is going to, he's sick of this
- 51:47wise man being the wise man, the elder of the community, you know, and he's got to show him. So
- 51:52the young boy says, um, we don't, he comes down the hill because I'm going to trick him. I'm going
- 51:58to hold this little butterfly in my head and I'm going to ask him, wise man, is this butterfly alive?
- 52:04Or is it dead? And the wise man's got to look at me and he's going to pick one. And if he says
- 52:10it's alive, I'm going to crush that butterfly and say, see your wrong wise man. And it's the
- 52:15butterfly is, and if he says it's dead, I'm going to let my hands go and the butterfly will fly away.
- 52:22I'll prove him wrong. So little kids are going to show this wise man. What the world is all about.
- 52:29Wise man comes down to the little kids there and he says, well, what's in my hand wise man? And
- 52:35the wise man looks at him and he said, well, from the butterfly net in your pocket, I think you've
- 52:40got a butterfly in your hand. And he said, okay, well, is it alive or is it dead? And the wise man
- 52:48looks at the young boy and he says, son, the answer is in your hands. I end the book with that.
- 52:58And I do it on purpose because the title of the book, the subtype futures in your hands,
- 53:06I'm going to give you the answer from an individual's perspective. With the power of technology
- 53:12today, there is absolutely no excuse for anyone to not excel in an academic and an academic
- 53:21environment because you can take that formalized training and supplement it, Khan Academy with all
- 53:28kinds of free online tools. So the future is in your hands as an individual in school or even as an
- 53:37adult if you want to learn more and keep learning. The future is also in our hands as a society as
- 53:44a people. And that's why it was a double meaning in that title because if we don't pay attention to
- 53:52the future of education, then we're not going to be as a country competitive globally. And our very
- 54:01democracy that we hold so dear can't be sustained without an educated populace going all the way
- 54:10back to Jefferson or Alexis de Toteville people like that are founding fathers like Jefferson
- 54:17recognize the importance of an educated populace to democracy. So my call to action to individuals
- 54:25is take the power in your own hands. My call to action to society is let's stop the fear. Let's get
- 54:33reverse that cycle of ignorance, fear, anger, and violence and replace it with a cycle of knowledge,
- 54:41hope, understanding, and peace. Can I ask you something? I guess I guess we're on a podcast
- 54:49like it probably that's the question. I think that's all you're yeah.
- 54:54You see like very, very toxic news cycles and you see social media and I'm sure that you are
- 55:02obviously you're right because while you wrote the book you're worried about the decline of
- 55:06the institution of education and learning in in the US. Do you have an idea as to how to solve
- 55:14for people getting information from Twitter and TikTok and news propagating fear?
- 55:21Like it's a good message but very tactically what do you do maybe you do it in your own household
- 55:29maybe you have an idea for society because without going down the rabbit hole and spending as
- 55:35much time as you did putting this work together it seems like almost a lost cause like I don't know
- 55:40how parents even influence their kids more than social media know. It's very scary. What is that?
- 55:50I just happened as funny I just I've been using these when I do talk so I don't know if it'll
- 55:55love that. Yeah I see it I see it so wait so if you're listening it says the C-suite learnings
- 56:01there's a what how and why and actually I'll put this information in the show notes too wherever
- 56:06you send people so they can go check this out. Yeah if everyone would do this I put this is the
- 56:12foundation of the book if everyone would do this in other words understand what to learn how to
- 56:18learn and why to change is going to happen deal with it have confidence to be able to power through
- 56:26the change and have clarity of listening listening is so critically important and speaking
- 56:33communicating so being able to break things down into simple terms once you know those
- 56:39things you're able to deal with change you have confidence and you've got clarity mastered then you
- 56:45can really better under-address the how of learning which is critical thinking this is what's
- 56:51missing with social media we're taking face value something that's someone with zero credentials
- 56:58zero authority is telling us and we're listening to it as opposed to asking I wonder why that
- 57:04news source reported the news that way maybe they're making money off of an audience that wants to hear
- 57:10that yeah it's it's basic stuff and curiosity is what drives critical thinking and finally creativity
- 57:18Einstein called it intelligence having fun if you have fun with this thought process of challenging
- 57:24asking questions then it's not like you know it's not hard it's actually fun and then finally
- 57:31to your point earlier the why of learning the ability to collaborate and work with others
- 57:37there's just cultural literacy there's all this noise about diversity you talked about
- 57:43woke and anti-woke and all this kind of stuff and it's such beer driven noise
- 57:50the sense of cultural literacy is I will learn more from someone that's not like me than someone
- 57:58who is like me it's just that simple but surround myself with all my buddies we're gonna we're
- 58:03gonna keep being the same surround myself with people that are different I'm gonna be different
- 58:08I'm gonna I'm gonna take on the best of what they have that I don't and then finally character
- 58:15so I I've laid these things out as a roadmap that I hope people will take seriously because
- 58:22in my simple mind I do believe that the answer to the answer to a better world is a world that
- 58:31eliminates fear and the best way to eliminate fear is through those steps to improve our collective
- 58:39knowledge I love it okay where should people I'll do there's two more rapid fire to close this
- 58:45up but where should people go if they want to get the book learn more about you I think if I'm
- 58:50not mistaken I have your website up here somewhere it is jameswkeys.com okay perfect and then
- 59:00title on the book jameswkeys.com and then I'm sure on the social is social is at jkeys author
- 59:08so it's first initial name at jkeys author on tiktok instagram I've been having a lot of fun
- 59:14with social media getting a lot of friends out there I've made doing some fun little vignettes
- 59:21to help promote the book and just talk about these principles by the way you're doing very well
- 59:27on tiktok I'm very impressed I'm very very impressed with your tiktok doing very well very good
- 59:34I have my own little tiktok Yoda she's 22 years old and she's a genius she's amazing yeah no it's
- 59:41good I mean you're also instagram is awesome as well but a lot of people miss the mark on tiktok
- 59:48because it's very hard to figure out so you're doing very well it's not that I've been having fun
- 59:53without learning you know yeah exactly that's the thing that the thing that people don't get right like
- 59:58it's this is like this is like a forever principle right you did it with the book you're doing it
- 1:00:03with your social you've moved on to like the next season of your life and it's like you dive in
- 1:00:09like it's day zero again in whatever you're trying to figure out and it's fun and it's for
- 1:00:13a lot of fun that's the thing okay last two to close this out what would you tell what would be
- 1:00:19one less than that you would tell your 20-year-old self I would simplify it because my 20-year-old
- 1:00:26self wouldn't be listening I would take it right down to what are you afraid of stop
- 1:00:36being afraid replace fear with understanding and knowledge and you will replace fear with
- 1:00:46oh if you can do that um and the sky is the limit you can accomplish
- 1:00:53anything you want to do it's just a matter of time and effort putting in the time and learning
- 1:01:00at this age in your career had massive career success personal success um what does success mean
- 1:01:07for you freedom I answered a tick-tock question a friend named Gabe who was doing a little vignette
- 1:01:18with me and he said they started out with how much money do you make and I said I make a million
- 1:01:23dollars worth of freedom and I got all kinds of comments but I'm not go ahead what does that mean
- 1:01:29million dollars worth freedom it's very subtle point but the subtle point is not about the money
- 1:01:35money is an enabler it's yeah money is great it's wonderful um but really what matters most
- 1:01:43is the ability to to do anything you want to do be with who you want to be with and that comes from
- 1:01:50knowledge I I could be dirt or but I could mix with people from all over the world now because of
- 1:01:58the knowledge I've accumulated and probably if you've ever seen that show um undercover billionaire
- 1:02:06they throw these people back out on the street with like a hundred bucks and make them survive
- 1:02:12and I think that's the difference I've got the tools now I know how to learn I and that knowledge
- 1:02:19will help me survive under any circumstances so freedom really is the game that's not about
- 1:02:26I'm gonna stay on the hamster wheel and make more money I want to know as much as I can know
- 1:02:32be as free as I can be