The Importance of Having Stamina As An Entrepreneur
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 19 July 2021
⏱️ 2 minutes
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Summary
In today's video, Patrick Bet-David talks about the power of how your work will compound and why you shouldn't settle.
Watch the full video: https://youtu.be/KThIcfsh8YE
Transcript
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| 0:00.0 | I recently saw an animation that explains stamina and lasting a long time better than any other |
| 0:05.2 | animation I've ever seen. It's two different people. They both plant a tree. They both have the |
| 0:10.1 | harvest. One continues the other one slows down. Just take a look and see what happens here. Take a |
| 0:14.0 | look at this. So you got both. They're growing. They're about the same size right now, okay? One |
| 0:19.7 | takes the profits and eats it. The other one's like, I'm still going. I'm reinvesting. The other |
| 0:23.9 | says, what are you doing? Why are you still working? The other guy's like, I'm a big thinker. |
| 0:27.4 | Eventually, the other one's like, I'm hungry. Well, the other one says, I'll sell it to you $4,000. |
| 0:31.8 | Why would you sell it to me $4,000? All you care about is money. All you cared about was kicking |
| 0:36.8 | back while I was focused on long-term. Why you slowed down after a year? I kept going for five years. |
| 0:41.8 | Why you slowed down after two and a half years? I kept going for ten years. Why you slowed down |
| 0:45.5 | for five years? I kept going for 20 years. You cannot compare it to this illustration explains |
| 0:50.5 | the power of compound interest. It explains why, you know, how some teams win, |
| 0:54.6 | Fort Quarter, they're stamina level and overtime, laid in the season, all the pain, all the drama, |
| 1:01.1 | all the constant traveling, every aspect of a life. This illustration explains what happens |
| 1:08.7 | if you can last a long time. So the question you're going to ask yourself is, which one of these two |
| 1:14.4 | are you? You're doing that takes a profits early, you don't want that last a long time. If you |
| 1:19.7 | don't want that takes a profits early, you may want to continue because eventually you're going |
| 1:22.9 | to be asking the other guy for some help. If you're the person that's continuing, I salute you. |
| 1:27.6 | You're a big thinker. Your future looks bright. Either way, I made a video a couple of years ago |
| 1:32.0 | titled How to Make a Million All of Your Income that gives you the formula that has to do similar |
| 1:37.3 | to what the illustration is. If you've never watched it before, click here to go watch that video. |
| 1:42.2 | With that being said, have a great week everybody. Take care. Bye-bye. |
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