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The Playbook With David Meltzer

The Assumption Effect: How Our Beliefs Influence Our Actions

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Business, Careers, Entrepreneurship

4.91.9K Ratings

🗓️ 10 December 2023

⏱️ 22 minutes

🧾️ Download transcript

Summary

Today's episode is a journey through the intricate web of assumptions that shape our everyday lives. I discuss the often-overlooked influence of our beliefs on our actions and perceptions, using personal experiences, including a significant financial loss, to demonstrate the profound impact of unchecked assumptions. This exploration aims to foster critical thinking about the assumptions we hold, encouraging listeners to question and reevaluate their beliefs. By sharing insights into the intersection of perception, assumption, and reality, the conversation seeks to elevate understanding and enhance decision-making in life's complex scenarios. By uncovering the transformative potential of challenging and reshaping our own perceptions, we are led to a more empowered and purposeful existence.

Transcript

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0:00.0

This is not

0:02.0

where each week I bring you some of the greatest athletes, celebrities,

0:06.0

and entrepreneurs to talk about their personal and professional

0:10.0

playbook to success.

0:12.0

Our perception is not in our best interest.

0:15.7

And that kind of was puzzling to me because I was under the assumption

0:19.9

that if I could control my perception,

0:22.2

then that would be in my best interest.

0:26.7

And exploring assumptions,

0:28.1

I started realizing that a lot of problems in life are that we overthink things in the respect that we take on

0:36.6

assumptions but don't think about the assumptions we're taking on. Let me explain.

0:41.1

One of the best things that's ever happened to me is I lost all my money.

0:45.0

And people always asked me, well, how is it you were the CEO of the most notable sports agency in the world who came out with a sports illustrated article about 75% of all athletes go bankrupt two and a half years after they're done playing and

0:58.6

You have a law degree from a great institution top of your club these great academic things, and how is it that you

1:04.6

lost that much money?

1:07.2

What it came down to is the basis of assumptions is that I had always made money, but I made one assumption with my money.

1:15.0

I assume that because I had equity in property,

1:19.0

that I always would be able to borrow against it,

1:22.0

because what bank wouldn't give a secured loan.

1:26.2

Right? And in my assumption I had not because I was still very young ever realized

1:31.5

that banks could get into trouble and a bank could literally say

1:36.0

well you might have 40 million dollars in equity but we don't believe a few years from

...

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