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In today's episode, Jim breaks 
down a powerful truth. 

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You may not control everything, 
but you can control how well you

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show up. 
If you're working on becoming 

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your best, check out our 
Audience loved self-discipline 

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Hacks ebook. 
The perfect next step after this

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talk. 
Link in the description. 

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Thank you very much. 
I appreciate the welcome and 

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it's nice to come by and have a 
chance to visit with you. 

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Claude and I do go back a few 
years. 

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It's nice to be invited back. 
I did 3 lectures here last year 

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and it says something to be 
invited back. 

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Maybe it doesn't say everything,
but it says something. 

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Maybe it says let's give him one
more chance, see if he can pull 

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it out this time. 
It's nice to see all of you. 

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How many of you? 
This is the first time you've 

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seen me? 
Can I see your hands? 

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OK? 
Most of you, some of you I 

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recognize, have been back a few 
times the last few years that 

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I've been coming to Phoenix. 
But I appreciate being invited 

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to come and spend some time with
you. 

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I just got back from Australia, 
my 9th lecture tour of 

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Australia, and I got to see the 
America's Cup in Perth. 

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Unfortunately it's in Perth, but
in 1987 we're going to go back 

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and get it right. 
But life's been good to me and 

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after being single ten years, 
last year at the Crystal 

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Cathedral in Garden Grove, CA, I
got married, got somebody now to

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share the rest of my life with. 
So what a fascinating journey 

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for me and now to have the 
opportunity to be invited to 

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come by and share some of my 
thoughts with you and see if I 

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can't invest some of my ideas in
in your better future. 

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And then if I meet you a year 
from now, 10 years from now, you

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might say the day you came by 
and talked to us was a, a good 

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day for me. 
It gave me some ideas to try. 

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And so that's what I'd like to 
do in the next few minutes. 

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And the time we've got is to 
give you what I think are some 

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major things that can help in 
putting your life together, some

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things at least to consider. 
I don't have all the answers on 

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how to do well, but I've got 
some I'm using and I'm 

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practicing and it's working well
for me. 

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So let me just share with you my
experience and then you can 

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decide if it's valid for you. 
Give it a try. 

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If it doesn't make sense, just 
throw it out, right? 

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You don't have to buy everything
any one person says. 

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Here's the key. 
Be a student, not a follower. 

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Be a student, not a follower. 
Somebody says I read this book, 

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should I follow? 
And the answer is no. 

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Read at least two books and make
up your own mind, right? 

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Don't be a follower, be a 
student. 

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Be independent. 
Take advice, but not orders. 

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Only give yourself orders. 
Make sure what you finally do is

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the product of your own 
conclusion. 

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That's what universities for, to
debate all the ideas, not just 

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to buy them all. 
Debate them all and then decide 

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what's best for you. 
Where to go from there. 

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But university is a great place 
to hear an exchange of ideas on 

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a wide variety of major life 
topics, and that's what it's all

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about. 
Taking the time to go through 

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it. 
Now, what I'd like to give you 

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is what I think are the five 
major pieces to the life puzzle,

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Five major pieces to the life 
puzzle. 

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If we can study each of the 
pieces and then put it all 

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together, the chances of it 
running well are just a lot 

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better. 
Mr. Schoof gave me a simple 

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formula when I first met him and
let me give it to you. 

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He said there's usually about a 
half dozen things makes 80% of 

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the difference. 
I thought that was a good 

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formula. 
I've applied that to a lot of 

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things. 
There's usually about a half 

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dozen things makes 80% of the 
difference. 

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There's about a half dozen 
wealth things, about a half 

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dozen health things that can 
give you the 80% solution to the

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problem. 
Then Mr. Schuff said, be a 

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student of those half dozen 
basic things. 

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Pretty good advice. 
Success is not doing 

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extraordinary things. 
Success is doing ordinary things

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extraordinarily well. 
So if you just learn to do it 

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well, key things well, learn to 
speak well. 

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Poor people can talk and rich 
people can talk. 

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Looks like rich people talk 
better. 

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It's just learning a skill with 
a high degree of of precision. 

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Learning to speak is called 
survival. 

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Learning to speak well is called
success. 

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So we can speak well enough to 
survive, or we can speak the 

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extra well enough to succeed. 
So let me give you what I think 

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are fundamental pieces to life 
and we'll take it from there. 

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Here's the first one, 
philosophy. 

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Pretty well known word on the 
university campus philosophy. 

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Philosophy in very simple terms 
is simply what you know and what

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you know greatly effects how 
your life works out. 

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We might also add what you don't
know greatly effects how your 

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life works out. 
The idea you miss could be the 

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missing number in trying to put 
the numbers in the lock. 

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So what you don't know will hurt
you to correct an old cliche and

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to correct another one. 
Ignorance is not bliss, right? 

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It's important to know. 
It's important to get the 

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information. 
Now we do something very 

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important with what we know. 
We weigh it. 

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That's another good word we 
weigh. 

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In our leadership series, we 
teach aspiring entrepreneurs. 

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Weigh everything before you do 
it, before you buy it, before 

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you try it, make sure you weigh 
it. 

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Everything you get ready to do, 
you get to decide whether it's a

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major or a minor. 
And you don't want to give minor

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things major time. 
You don't want to give something

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insignificant significant 
amounts of your energy. 

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So we simply use the phrase way 
before you pay. 

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Sophisticated people learn to 
weigh everything. 

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And what we all need is a good 
set of mental scales to weigh 

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everything. 
What if you got information and 

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your mental scales were off and 
insignificant things to you were

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significant? 
Wouldn't that be a major 

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handicap the rest of your life 
when you weighed something 

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important, things weighed 
unimportant. 

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We would call that a great 
handicap. 

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So it's very important to weigh 
everything properly. 

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And that's the reason for 
sermons and songs and lyrics and

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lectures and seminars and, and 
conversations and professors and

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teachers. 
It's one of the reasons why we 

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converse. 
We converse with each other and 

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we debate and we think about and
we ponder and we perceive and we

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we weigh and, and we try to find
out where the values are because

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you don't want to proceed and 
give big chunks of your life to 

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something that's insignificant. 
OK, so we get information, we 

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weigh it, then we come to 
conclusions. 

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These are just some keywords, 
conclusions about values. 

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Big question in forming your 
life, where are the values? 

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What is important, what should 
weigh heavy on my mind and I 

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should give it significant time 
and significant energy and 

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significant money. 
OK, so all of this stuff, this 

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is our thinking process, Chuff 
said To me, poor thinking habits

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keeps most people poor, not poor
working habits. 

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Most people work hard, but they 
don't think hard. 

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They don't use their mind to 
really try to perceive where the

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values are so that they don't 
waste any time. 

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It's easy to spend big chunks of
your life on insignificant 

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things unless you can weigh it 
better. 

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Our mind. 
So all of this stuff is called 

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major. 
It's one of the major pieces of 

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the life puzzle. 
What you think about knowledge, 

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how you weigh it, the 
conclusions you come to, the 

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values you've perceived 
thinking. 

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If you really want to help 
somebody change their life, you 

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have to start changing their 
mind, change their philosophy, 

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change how they think. 
Somebody said, well, just 

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motivation. 
That'll do it. 

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And the answer's no, motivation 
won't do it. 

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If a guy's an idiot, then you 
motivate him. 

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You've got a motivated idiot. 
Say no, that that's not what it 

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takes. 
Now, it's very easy to make 

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errors in judgement. 
Errors in judgement. 

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I'm now the teaching people even
out, even after they're out of 

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school, university, college, 
they should read at least one or

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two books a week. 
It's easy when you get out of 

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school, right and get a job to 
just sort of let that all slide,

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not keep up the learning 
process. 

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But if you don't keep up the 
learning process, a lot of 

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values become fuzzy. 
If you don't keep trying to 

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perceive what's important, 
what's not important, and then 

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start spending major effort on 
minor things. 

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So we have to keep learning. 
What if a guy spent his book 

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money on doughnuts, right? 
We would call him greatly 

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deprived mentally. 
In 10 years, the guy's bought 2 

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tons of doughnuts and only two 
books, right? 

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Mostly with pictures, right? 
And he wonders why his life 

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isn't working well, reason. 
After he got out of school, he 

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didn't keep up the flow of ideas
that can help to refine your 

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business and help to refine your
decisions and help you come to 

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better conclusions. 
You've got to keep up the 

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learning curve even after you're
out of school to make sure that 

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you're not making errors in 
judgement. 

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The reason why most people wind 
up average at age 40 instead of 

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rich is simply an error in 
judgement about what to do with 

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your money. 
What would you suggest a 15 year

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old start as a plan to do with 
their money so that by 40 

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they're rich instead of average?
You've got to have a good plan, 

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right? 
If you start making errors early

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with your money, those errors 
can can make your life mediocre 

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instead of rich. 
You wind up with pennies instead

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of fortune and you want you wind
up with crumbs instead of a 

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feast simply because early you 
made errors on what to do with 

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your money. 
The guy says well it's only 

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$10.00 So what does it matter 
what I do with it? 

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And the answer is it it that's 
when it really matters, is when 

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you don't have much. 
The guy says, oh, if I had a 

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fortune, I'd really take good 
care of it. 

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But I've only got a paycheck, so
I don't know where it goes. 

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We call those great errors in 
judgement. 

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It's so important to make sure 
you've got a good plan when the 

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amounts are small. 
But it's easy to make errors. 

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It's easy not to know. 
It's easy to miscalculate. 

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And if you miscalculate some 
things, keep adding and adding 

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and adding. 
I got a good phrase for you. 

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Life is accumulative. 
Good phrase to know life is 

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accumulative. 
Our errors either accumulate 

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into what we don't get, or our 
wise decisions accumulate into 

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what we do get. 
Now the key is to correct the 

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errors as early as possible. 
Fortunately, Mr. Shoff caught me

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at age 25, started asking me 
major questions at age 25, he 

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said, Mr. Owen, how long have 
you been working? 

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And I said I've been working six
years. 

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I started working when I was 19,
right, Full time job, he said. 

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Well, six years. 
How much money have you saved 

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and invested in the last six 
years? 

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I said not any, he said. 
Who sold you on that plan? 

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Wow. 
Six years is is enough time now 

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to check and see if you've got a
good financial philosophy. 

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And the time to catch the airs 
is early. 

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Early. 
So Mr. Schoof started asking me 

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those tough questions at age 25.
How about your money? 

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How about your resources? 
How about your investments? 

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And you say, well, I I've got 
plenty of time to worry about 

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that. 
I'd be concerned about that 

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later. 
And the answer is probably not. 

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Now's the time to fix it. 
Wherever you hear the good 

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information, that's the time to 
start fixing it. 

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So we're teaching kids now. 
A good wealth philosophy 

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starting at age 5015 will make 
you wealthy by age 4045 at the 

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latest. 
If you're a little slow, start 

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doing wise things with your 
resources. 

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When? 
When would you suggest people 

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should do wise things with their
resources? 

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Answer as soon as they get the 
better information. 

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Now, you can't do what you don't
know, but the key is to keep 

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learning so that good ideas keep
occurring to you. 

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Now you can do more wise things.
OK, but philosophy is where it 

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all begins. 
What you know now to know wise 

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things, you simply have to study
as you're doing. 

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Keep up the reading, keep up the
conversations, keep up the 

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listening to lectures. 
Keep going through the 

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information, keep stashing it 
away, taking the notes, right? 

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There's no better way to adjust 
your philosophy than to have a 

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continual flow of ideas. 
But that's the first piece of 

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the life puzzle. 
Philosophy. 

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If this spoke to you, don't just
listen. 

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ACT. 
The self-discipline Hacks ebook 

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is your DAILY GUIDE to doing the
best you can. 

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Start that journey today.