Latest / Success Story with Scott Clary / Lessons - Legacy Education vs Real Experience | Dean Graziosi - NY Best-Selling Author, Entrepreneur, and Investor

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Lessons - Legacy Education vs Real Experience | Dean Graziosi - NY Best-Selling Author, Entrepreneur, and Investor · Success Story with Scott Clary

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  In this lessons episode, discover why specialized knowledge is the new asset in an evolving
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  education landscape. Learn why legacy education is losing its grip as self-education and mastermind
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  groups reshape success and explore how leveraging collective experience can accelerate your path forward.
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  We have all this inequality. So where do people put their confidence in education and opportunity?
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  Because again, you want to at least get people on the right track, right? You want to at least get
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  people moving in the right direction because if they can stack a few wins in their favor,
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  I'm sure they have some win behind their back, right? So if a carpenter has a hammer in his hand,
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  everything he sees is a nail. So maybe I'm a little guilty of that for what I'm about to say,
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  but I've been in the industry of selling knowledge that I've learned or my own experience for 27
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  years. I'm partners with Tommy Rollins. He's been selling it for 45 years. This industry of impacting
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  others by our life experience has given us so many gifts. Tommy changed my life 27 years ago and
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  I brought his course. And then all of a sudden, he changed my life and I said, I'm going in this
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  industry. So I'm going to look through that lens for a minute. I really want to stick with me here
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  on this. Think about whether you're how much money you have, where you're starting right now,
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  what college degree or none do you have? What experience do you have? Think about the power of
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  specialized knowledge. Think about this. You know, when I was in my 20s, there was no internet.
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  There was no Wi-Fi. I didn't vlog videos. I couldn't have a great Zoom call like this with you,
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  Scott. I couldn't go on YouTube and look for inspirational or entrepreneurial videos. How to
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  get success? We got to find a book, right? And read a book if you're lucky. You could do that, right?
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  But what is specialized knowledge? Specialized knowledge is the complete opposite of general
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  knowledge. Prior to the last 20 years, if you wanted to do something, your brain would immediately
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  think, I have to go to school and I have to get a master's degree in that. And then I have to go
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  intern with somebody forever and then I could work my way up. We have collapsed decades into days.
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  You just find somebody who's done what you've already done what they've already done what you
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  want to do. And you either cut a check for speed by their course of training or workshop
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  the program, go mentor with them, become an apprentice with them, and it's the fastest way to
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  condense time by getting specialized knowledge. Meaning if you are an accountant and you've
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  been working for a firm for 20 years, and it's time to start your own business. You can go back
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  to school to get a business degree and learn how to run spreadsheets and build templates and
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  business plans and KPIs and SOPs and metrics in the first hire, or you could find somebody who's
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  done it and just literally wrote this condensed decades and just get the specialized knowledge
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  of how to go from employee to owner. This is where the world is opened up. That's why this
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  industry of providing specialized knowledge, Tony was certainly, I mean, he's the godfather of the
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  whole thing. Yeah. I don't think there's anybody been in second as long as in as me. He's got 44
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  years. I got almost 30 in this industry every day and watching it grow like this. It's at a
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  billion a day heading throughout the trillion a year. I think it is the great equalizer Scott.
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  I think it's the great equalizer because every single person watching and listening right now
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  hasn't insanely valuable asset called your life experience. You have a skill that you learned
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  at work. You have a life experience that you went through that you're on the other side. You have
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  passion that you could share with others and in today's world knowledge is the new asset. It is
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  the new currency. If you know how to package it, you know how to deliver it and I think it's the
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  great equalizer. If you have a business, you should have an information product on your P&L.
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  If you don't have a business, what a great job start. You don't need product in the warehouse.
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  You don't have to buy it. You don't have to spend anything for it. You don't have to warehouse it.
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  You don't have to ship it on a truck. You don't have to worry about inflation because you're not
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  paying for the product. Your product lives here and that's the business we've been in and I
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  truly believe it's the great equalizer. So I have opinions about traditional MBA and traditional
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  school and when I went to university or college called university in Canada, they taught you
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  how to learn and how to engage in new ideas and that was great but it didn't really give me a
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  lot of practical and that's my issue with MBAs and that's my issue with sort of legacy education.
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  I have a very strong feeling about legacy education but why do more people still subscribe to
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  legacy education where not all professors but say I pick a number 80, 90 percent of professors
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  haven't built a business in their entire life versus learning from people who have literally
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  built a business own a PNL have hired somebody last week. Why is there that disconnect?
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  I think it's just a habit. I think it's way been programmed. I think it but it's changing and it's
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  changing really fast and you see it. One of the reasons Tony and I built a company called mastermind.com
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  is nine years ago. Nine years ago we talked about it. Seven years ago we were on a golf course.
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  I golfed twice a year. It's with Tony. He golfed twice a year. So two years times a year just
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  gives time to talk. We're on a golf course and we said it's time. It's time to make self-education
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  the new norm. That was our exact words God. So you and I when next time I come to Florida and
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  we're together you and I'll have a lot of conversation around that. How do we make self-education
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  the new norm and collapse time from start to results? Go to school for eight years, get an
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  internship or go work for something. We was freaking doing it today. Like you said they hired
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  somebody an hour ago. They fired somebody a day ago. They have a PNL. They're reading. They have
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  SOPs. They have keep keep performing indicators like they have KPIs at one start.
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  So I think it is a hangover of an ancient time. I believe the school system I have
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  my own opinions has been growing very linear and the world is growing exponentially.
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  I had a friend of mine. He's got a couple hundred million dollar your business. He said,
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  if you took somebody from 50 years ago and you brought him into today and you showed him the
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  phone and he's like, oh, they'd be blown away at everything. He said, and then if you brought him
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  in the classroom they'd go, oh, the blackboards now are whitewood. And I was like, wow, how's it?
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  That's a pretty right. It doesn't mean it's all just all people. But here's here's some things
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  that'll blow your mind. Did you know that only 72% of everybody who gets a degree right now doesn't
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  use it. They don't get a career in that field. And 57% of the people that do use it dislike the
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  job they're in. So you're 22%. Maybe 10 people out of a hundred that get a degree actually use it
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  and like it. It is it is exponentially going to shift. And I see it. And that's why I think this
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  industry is being fueled. I think my daughter, when she's 18 years old, when she wants to do
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  something, she doesn't think in any other terms except going online, going online and finding somebody
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  who's already done what she wants to do and either watch their videos by their course or ask
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  me if you can get coaching by my it is shifting. And why I think it's the it's the great equalizer.
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  So it's interesting because it's shifting. But then it brings with it a new set of problems as well
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  because if somebody is going to be a self-taught individual, somebody's going to be that that
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  auto-died act right. They want to go out into the world and start to explore all the sudden
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  there's no more regulation. There's no more third party that audits the content. And there's no more
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  you know, it's just like the wild west of learning. And that's what scares people shitless. So
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  how do you when you start to become a self-taught individual go out into the world figure out
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  who's legitimate who's actually done it. I mean Tony operates at another level like it's not even
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  it's not even in the realm of most people that post stuff online right and teach online. But
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  you have all these different opportunities. So where do you go? How do you understand what's
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  but what's not? I think that's a great question that I what I believe is
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  looking at the experience they had. Now could someone y'all be great about teaching you something
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  they've never done before? Probably. I'm sure it's in some instances. But I think we have the
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  opportunity the way things are going there are going to be self-regulated. People who don't
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  deliver actual value will last long. I think word of mouth was spreading so much that there is
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  message boards everywhere talking about good online education not so good online education.
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  And we have the opportunity to do a little research right. You find somebody that's in a lane
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  that you're open to do. You can see they've been in it for three months. Are they the teacher
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  or something they've never done? Or are they somebody who did it for 20 years and now they're
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  serving by delivering the faster path because they can they can give the blueprint how to get there
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  and what to avoid? And I think it just I think as we evolve we will create new regulatory ways
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  and intuition that you can decide good, bad or otherwise. Because this is where it's going.
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  There's no question about it. This is where it's going. And you're right. I don't want to knock
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  professors but 80% 90% have never done the thing you're teaching. I'd rather run from the person's
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  actions. That's another issue too. I guess traditional education also has this problem.
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  Yeah, dad, you know, when you think about it. So at first of all, that is such a wild domain mastermind.com.
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  I love it. I can't it can't even imagine what that cost you. But I was just pretty can't
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  but it was worth. I have no doubt. So masterminds are a very specific way of learning and a very
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  specific way of of teaching and consuming knowledge. I'd actually notice that masterminds are a
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  little bit more prevalent in certain industries. So I came from software where masterminds are not
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  as prevalent whereas in real estate, they're a lot of masterminds. So the mastermind format from
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  somebody that owns the domain itself, what is so special about this particular format? Like maybe
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  just layout. This mastermind is a tailor to a certain kind of person that learns a certain kind
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  of way versus any other kind of learning or whatever networking group. When Tony and I we co-founded
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  the company and we just said, what is move the needle for us more than any other thing in the world?
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  And we said masterminds. And when we say masterminds, we think of it more collective. It could be
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  a workshop. It could be a community. It could be the collaboration of likeminds. I think
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  early in the old calling to mastermind of two people with the same outcome get together in
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  collaborate and it creates a third mind that's smarter. Why is it? I mean, we have all solved.
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  Big of problems. When we're in a room with likeminded people with likeminded goals, there's
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  zero chance that it has exponentially grown your life. And if you haven't had that opportunity,
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  maybe that's the unfair advantage you're missing. So the reason that we bought that domain and
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  decided six years ago, like let's, you know, we've been in this business 74 years between the two
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  of us. And we're still not like we used to do it, right? We're still doing the biggest events in
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  history. We'll do one next couple weeks with, you know, a million people registered. It's insane.
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  It's amazing. But we said, why don't we pull back the curtain show people the power of learning
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  specialized knowledge or the collaboration of getting in a room or getting a course or getting
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  a workshop or getting, you know, a community of likeminded people that can help you solve your
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  problems, anchoring confidence and courage and give you past the go faster. So for me, we have a
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  master. We have a Tony and I are, you know, we have a super high end mastermind small group that
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  that we do. But our company has one along the way at each level of likeminded people. We have
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  beginners that group together. We help them get into their first sales, next sales, right? Then we
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  have people that are in the business looking to go from 100 grand a month to a million months. So
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  we have a master line of people that are a hundred grand a month going to a million so they can
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  collaborate and all share. And we have a group. We're probably the average person's worth $50 million.
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  But they're the same group looking for the same things, looking for more contribution and
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  wealth preservation and family and things like that. So it's likeminded people who come together
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  that have collaborative ideas but also have wisdom and skills to allow you to go faster. I hope
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  that described it. Thanks for tuning in. If you found this valuable, don't forget to hit that
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  subscribe button so you never miss an episode. And if you want to dive deeper into this conversation,
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  check out the links in the description to watch the full episode. See you in the next one.