7 Disciplines I'm Trying To Master Ep 303

Summary Notes


In a candid discussion, the host shares insights from his journey of building multimillion-dollar companies and the seven key disciplines he believes are essential for personal and entrepreneurial fulfillment. He emphasizes foundational education in reading, writing, and math as crucial for learning other skills, the importance of physical health for longevity and energy, and professional development that extends beyond formal education. The host also underscores emotional intelligence for personal growth, relational skills for effective communication and influence, financial literacy for wealth creation and management, and philosophical beliefs that shape one's life purpose. He argues that understanding and developing these areas can lead to a more complete and meaningful life, both personally and in business.

Summary Notes

Introduction to Entrepreneurial Mindset and Personal Development

  • Speaker A emphasizes the importance of knowledge for survival and success.
  • Entrepreneurial journey involves learning from failures and lessons.
  • The goal is to acquire customers, increase customer value, and retain them.
  • Personal growth and self-awareness are crucial for entrepreneurs.

What you don't know can kill you. Welcome to the game where we talk about how to get more customers, how to make more per customer and how to keep them longer, and the many failures and lessons we have learned along the way.

This quote introduces the podcast's focus on entrepreneurship, emphasizing the significance of knowledge in acquiring and retaining customers, as well as learning from past experiences.

Financial Education and Self-Realization

  • Speaker A has built multiple successful companies.
  • Financial success led to a search for meaning and self-realization.
  • Identifies a "hole in the soul" that entrepreneurs try to fill with business.
  • Seven disciplines are identified as necessary for entrepreneurial growth.
  • Speaker A's personal meaning is found in learning and teaching.

And after having built two multi eight figure companies, another eight figure company, another eight figure company, and then now we have a port portfolio of companies that do just about a million a week. I've learned some things about financial education and things like that, and I realized I was wildly deficient in other areas.

Speaker A shares their entrepreneurial success and financial education, acknowledging deficiencies in other areas despite financial achievements.

Foundational Education

  • Foundational education includes reading, writing, and math.
  • Considered essential for learning other disciplines.
  • Speaker A believes the education system should focus on these basics.

So this is like reading, writing and math. That's how I see. It's like if you can read, write and math and do math, you'll learn that from school. And specifically, just like reading. Writing, yeah. Reading, writing, and math are kind of what I would consider foundational principles, because from there, you can use reading and writing and math to learn the rest of the principles, right?

Speaker A describes foundational education as the core skills of reading, writing, and math, which are essential for learning further disciplines.

Physical Well-being

  • Understanding physical needs is crucial for living in the physical plane.
  • Speaker A suggests managing energy through sleep, diet, and exercise.
  • Avoiding superstition in routines to prevent them from becoming handicaps.

And the thing is, if you're living in this world, you live in the physical plane. And so you have to understand what you need to eat and how do you need to move in order to increase your energy, longevity, et cetera.

Speaker A stresses the importance of physical well-being, including diet and exercise, as a fundamental aspect of living effectively in the physical world.

Physical Health and Its Primacy in Education

  • Understanding and maintaining physical health is crucial as it is foundational to all other disciplines.
  • Physical health becomes the sole priority when it is failing, overshadowing all other wishes and needs.
  • This concept is considered the "second level of education" by the speaker.

"Everybody can have every wish in the world, except for when you're sick, you only have one, which is to not be sick, right?"

The quote emphasizes the universal desire for good health above all else when one is ill, highlighting the importance of prioritizing physical health in education.

Professional Education and Real-World Application

  • Professional education is tailored to one's chosen career path and often begins formally in educational institutions.
  • Real-world experience is considered a significant component of professional education, often seen as more valuable than formal education alone.
  • This is categorized as the "third level of education."

"Now, most accountants would say, yeah, once I graduated with my Mac or my master's in accounting, that's when really my real education began."

The speaker illustrates that formal education is just the beginning, and true professional learning occurs through practical experience in the field.

Emotional Intelligence and Personal Growth

  • Emotional education involves understanding one's feelings and thoughts, crucial for entrepreneurs to identify and address personal deficiencies.
  • This is an ongoing process and is described as the "fourth level of education."
  • Emotional education is not typically taught formally but is essential for personal development.

"And if you can't think to yourself what your deficiencies are and name them and be okay with yourself while still having them, I think that you get stuck there because you just don't know how to fix yourself, right?"

The quote underscores the importance of self-awareness and the ability to recognize and accept one's flaws as a precursor to growth and improvement.

Relational Skills and Their Importance

  • Relational education is about mastering communication, influence, and interpersonal relationships.
  • It is considered vital for building communities, companies, and meaningful connections with others.
  • This is the "fifth level of education" and is not commonly included in formal education systems.

"All of this is going to be predicated on your ability to deal with other humans."

The speaker highlights the fundamental role of interpersonal skills in forming successful relationships and communities, which are not traditionally taught in formal education settings.

Self-Evaluation and Time Investment in Education

  • The speaker encourages self-reflection on the time invested in learning about one's emotions and relationships with others.
  • This reflection is meant to prompt consideration of personal development beyond formal education.
  • The speaker suggests that these areas of education are often neglected despite their significant impact on personal fulfillment and success.

"So think about how much time you've devoted to, like this one now, because now we're really departing from formal education."

The quote prompts listeners to consider how much effort they put into learning and developing in areas that are not covered by formal education but are crucial for personal and professional success.

Financial Literacy

  • Financial literacy is a key component of entrepreneurial success.
  • Personal finance is the foundational level of financial literacy.
  • Wealth is defined as a ratio of earnings to spending, not just an absolute number.
  • Increasing wealth can be achieved by decreasing expenses.
  • The next level of financial literacy involves learning how to multiply existing money.
  • The speaker is currently focusing on learning how to have money work for them.
  • Financial understanding is crucial for business management.

"Wealth is a ratio. It is not a number. It is a ratio between how much you earn versus how much you spend."

This quote emphasizes that wealth should be measured by the balance between income and expenditure, not just by the amount of money one has. It underlines the importance of managing personal finances to achieve wealth.

"And then the next level is about how to multiply the money that you have, right. And have the money work for you."

Here, the speaker is highlighting the importance of not just earning money but also investing it in a way that it generates more wealth, essentially making the money work for the individual.

Holistic Entrepreneurial Skills

  • Entrepreneurship requires a combination of various skills and disciplines.
  • Emotional management, relational skills, financial acumen, and professional expertise are all necessary.
  • These skills are often acquired through practical experience rather than formal education.
  • The speaker suggests that formal entrepreneurship education is less effective than real-world experience.
  • Self-awareness of one's strengths and weaknesses in these areas is crucial for growth.

"The real school for entrepreneurship is just getting into the game and starting to play."

This quote suggests that the most effective way to learn entrepreneurship is through hands-on experience, implying that theoretical knowledge is less valuable than practical involvement in the business world.

Self-Awareness and Language

  • Awareness of one's language and self-talk is vital for personal and professional development.
  • The language people use can reveal their limiting beliefs.
  • Negative self-talk can reinforce and become one's reality.
  • It's important to correct one's language to frame deficiencies as opportunities for growth.
  • This mindset shift is essential for overcoming obstacles and improving in areas of weakness.

"People tell you their own limiting beliefs, and the things that you say and the things that you speak over yourself become your reality."

The speaker is pointing out that the language individuals use about themselves can shape their beliefs and, consequently, their reality. This highlights the power of positive self-talk and the need to be mindful of the words one uses.

"The first thing you have to do is start correcting your language so that... it becomes an opportunity that you can fix rather than I am this way."

This quote suggests that by changing the language one uses to describe personal challenges, an individual can alter their perspective from seeing a fixed trait to viewing it as an opportunity for improvement and growth.

Inspiration from Diverse Disciplines

  • Engaging with various disciplines can impart significant meaning to one's life.
  • Diverse interests make living more intriguing and fulfilling.
  • Lifelong learning across different fields is a desirable pursuit.

"k is inspiring. And I honestly think, for me, looking at these disciplines has given me a lot of meaning in my own life, because I just see this as so much stuff that I want to do. I want to learn all this stuff. And then it makes living more interesting for me."

This quote emphasizes the speaker's personal experience of finding inspiration and meaning through exploring a variety of disciplines, which enriches their life.

The Importance of Philosophical Values

  • Philosophical values are considered eternal truths one chooses to live by.
  • These values are instrumental in improving subjective well-being and enjoyment of life.
  • Fundamental shifts in philosophy can lead to a deeper understanding of what it means to be human and our purpose on Earth.

"And I can tell you guys, for anybody who's watching this, when you have enough money to spend millions of dollars a year, every single year for the rest of your life, just on the money that you have, assuming it doesn't even grow, you ask different and weirder. Life gets weird, right? You have weirder questions that you ask, and then you realize there's really."

"But I think that philosophical, despite the fact that I said it's the 7th bucket, I actually think that it's the most important bucket."

These quotes suggest that when financial concerns are no longer an issue, one begins to ponder deeper, more abstract questions about life, highlighting the speaker's belief in the paramount importance of philosophical values.

Embracing Personal Deficiencies and Growth

  • Acknowledging one's deficiencies without self-criticism is vital for personal growth.
  • Using positive self-talk like "and that's okay" helps to view deficiencies as opportunities for improvement.
  • Language patterns can be indicative of a person's potential for growth.

"And so anyways, if you're looking at yourself and you're looking at your own deficits, a and that's okay is one of my favorite sayings that I tell myself my own self talk, right? I'm not good at this, and that's okay, right. I'm not good at this yet, and that's okay."

This quote underscores the speaker's strategy for addressing personal shortcomings with a positive mindset that encourages learning and development rather than fixating on deficiencies.

The Interplay of Seven Key Life Aspects

  • Balancing various aspects of life, including financial, relational, emotional, professional, physical, educational, and philosophical, is crucial for fulfillment.
  • Philosophical understanding provides meaning and direction for improving other areas of life.
  • Without a sense of purpose, improvements in other areas may not lead to increased well-being.

"But getting back to philosophical, right, as the 7th bucket, this bucket, I believe, is, I mean, it's the meaning of life, right?"

"But the thing is all of these other ones, if you don't know why you're doing them. I think that ultimately you don't feel better."

These quotes highlight the speaker's belief that philosophical understanding is central to life's meaning and that without it, advancements in other life aspects may not result in a greater sense of well-being.

The Role of Foundational Education

  • Foundational education in reading and writing is essential for learning and personal development.
  • It is the gateway to acquiring knowledge and skills in other areas of life.

"And hopefully you have the foundational education of learning, of reading and writing, which if you don't, you should do that first because it's the gateway to learning all these other things."

This quote stresses the importance of basic literacy as the foundation for further education and personal growth.

Sharing Knowledge and Resources

  • The speaker is committed to helping others by providing free access to knowledge and resources.
  • Sharing insights through channels like books and videos is a way to make a positive contribution to society.

"And ultimately why I've been increasing my constant stuff on the channel. And I'm writing books right now that I'll be releasing for free for everyone, just to help other entrepreneurs and people make positive contribution with the potential that we all have inside of us."

This quote reveals the speaker's dedication to sharing their knowledge and resources without charge, aiming to empower entrepreneurs and others to realize their potential and contribute positively to the world.

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