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can you break down the business model of 00:00
PHP are you familiar with how 00:01
multi-level marketing works that's 00:03
Patrick Bet Davis you've probably seen 00:04
some of his videos on YouTube but do you 00:06
really know his story and how he's made 00:08
his million insurance is very hard like 00:10
what you're doing it's not hard work 00:12
today Patrick unpacks his journey from 00:14
escaping War zones it's just terrible 00:16
man one time we got bombed 167 times a 00:17
day pursuing the American dream of 00:20
Entrepreneurship I love America I love 00:21
capitalism I'm just going to get louder 00:23
to selling his company for nine figures 00:24
can you give us a ballpark of how much 00:26
you sold PHP for shy up $300 million 00:27
what was it like selling for hundreds of 00:30
millions of dollars incredible how' you 00:31
enjoy the money get a 200 foot yacht and 00:33
we go to Monaco and we're going to live 00:36
on the Yacht for 2 months what would you 00:37
say your net worth is with all the stuff 00:39
Equity everything I think I'm close to 00:40
it that's a lot of of money capital's on 00:43
work for the people that don't know you 00:48
can you share like in 30 seconds your 00:51
story yeah born and raised in Iran lived 00:52
there 10 years we escaped 6 weeks afteri 00:54
died went to Germany lived at a refugee 00:57
camp there for 2 years 18 months came to 00:58
the states November 28th 1990 went to 01:00
the Army was in the Army for 2 and a 01:03
half years H first Airborne aerosol got 01:04
out I went to school wanted to be a 01:06
bodybuilder I was going to go be Mr 01:08
Olympia and then I met a girl in N 01:09
Venice Beach she and I started dating 01:11
she was working on Morgan Stanley Dean 01:13
Witter I'm like you always got nice 01:14
cards you drive when you pick me up so 01:16
while I work at Morgan Stanley dewood 01:18
I'm an investment adviser I'm a 01:19
financial adviser I start with Morgan 01:20
Stanley Deanwood a day before 911 series 01:22
766 all the stock bonds all all the 01:25
things you could sell then I left Morgan 01:27
I went to Trans America World Financial 01:29
I'm there for 7 and a half years and 01:31
then after that October of 9th I started 01:33
my own insurance company I sold the 01:36
company a year and a half ago almost two 01:37
years ago and then accidentally started 01:39
a YouTube channel called value tment 01:41
turned into a podcast turned into a 01:42
consulting firm turn into product 01:44
development business and how we do a 01:45
bunch of different things through uh 01:47
line holding vitam and all of that can 01:49
can you share can you paint a little 01:50
picture of your childhood share a little 01:52
bit more about that cuz I I think I 01:53
heard you speaking German I you're in a 01:54
refugee camp but you said it was good 01:56
parents got parents got divorced and 01:58
married marri to each other twice when a 01:59
half a million people died in Iran I'm 02:01
living in capital tan the war is going 02:02
on between Iran Saddam Hussein I'm a 02:05
revolution baby was just terrible man we 02:07
getting one time we got bombed 167 times 02:09
165 times in a day eventually my mom's 02:12
like listen we got to take your son out 02:14
here out of Iran because he's 10 years 02:15
old the moment he's 12 he can't leave 02:17
because he's going to have to serve the 02:19
U Iranian military my that's a good idea 02:20
we left and you went to a refugee camp 02:23
in ger what's a refugee camp like dude I 02:26
mean it's it's you're around other 02:28
people that are trying to skipe 02:30
Communism socialism dictatorship a bunch 02:30
of guys that are trying to come to 02:33
America and we all have that in common 02:34
it's a dream to one day leave their 02:36
Homeland that they love to come 02:39
somewhere that they can be free of their 02:41
religion of the amount of money they 02:43
want to make of the strong opinions they 02:45
may want to have of the fact that they 02:46
can sit there and assemble and give 02:47
their thoughts their ideas fight compete 02:49
do all that stuff that's what we're 02:51
escaping from why did your family decide 02:53
to move we never had plans of living in 02:55
Germany even though we had family in 02:57
Germany man there's there was no no 02:58
opportunity there Germany was like the 03:00
pit stop to us how was it for your 03:01
family when you got to us dream first we 03:03
landed at New York the airport I'm 03:06
looking for Rocky I'm looking for 03:07
Goonies I'm looking for literally and 03:10
you come to La I'm living in Granada 03:12
Hills and you're like okay well we're 03:13
finally here let's make it work you'd 03:15
watch TV and you watch the news and you 03:17
see how open they are there there's a 03:19
business model to trashing presidents 03:21
and everybody's like oh my God you can 03:22
talk like this year yeah it's actually a 03:23
business model to to Media Free Press 03:25
we're not used to Free Press in Iran are 03:28
you kid Free Press you're going to get 03:29
killed there is no Free Press so all 03:30
these unique little things that you're 03:32
trying to adjust to and saying this is 03:33
kind of weird right it one makes you 03:35
realize wow this actually exists what 03:37
are my real dreams can I really build a 03:39
life like that so I was the kid that was 03:41
a dreamer but skeptical it's not going 03:43
to happen to me so I needed my belief 03:45
system to come up I need somebody to 03:47
believe in me but I was a dreamer always 03:49
one day what if one day what if one day 03:51
how do you think all that turmoil 03:53
impacted you long term or helped you as 03:55
an entrepreneur having you're in Iran 03:57
and you have to change to Germany and 03:59
they have come to America start all over 04:00
anytime you're trying to do something 04:01
big with your life you have to know if 04:03
you can truly handle if you're mentally 04:07
and emotionally tough sometimes in life 04:09
we want everything to be easy but you 04:12
need a little bit of the chaos and 04:14
Madness and craziness because that 04:16
either toughens you up or guess what you 04:17
realize you're not meant to do something 04:19
really big and with a lot of pressure to 04:22
it and then it kind of stays here and 04:24
you either use that as a field to do 04:27
something with it or you don't I 04:28
eventually ended up using it how was it 04:29
for you guys when you were in America 04:31
did you guys feel poor very poor my dad 04:33
was a cashier at a 99 cent store in 04:35
Englewood California right next to Great 04:37
Western form we were welfare babies we 04:40
had nothing going on but you know we're 04:42
just happy to be in America what was 04:45
high school like for you I loved it 04:46
never missed a day school never I had a 04:49
1.8 GPA but I never missed a d School 04:51
1.8 I had a one point in GP in school I 04:53
love math I love pre-calculus I love 04:55
math analysis and I could car less about 04:57
anything else anything else all I loved 05:00
was numbers and math and people it seems 05:02
like you you liked selling things you 05:05
had Big Dreams but I'm kind of curious 05:06
and surprised you went to the military 05:08
at that point versus I think where you 05:09
went after the military I was kind of 05:11
surprised you didn't go there first 05:12
military for me was an escape I was 05:14
trying to get the hell out of glendle a 05:15
lot of bad things were going on at the 05:17
time so for me it was kind of like to 05:18
just get away from everybody one night 05:20
I'm at my sister's house and I'm at the 05:22
apartment I'm in the jacuzzi with a 05:24
bunch of my friends we partying we're 05:26
being very loud we finish up at 4: 5:00 05:27
in the morning next day she's about to 05:29
get evicted and I'm upstairs I sleep in 05:31
I got to go to my job Burger King in 05:34
glendel California off of central I go 05:35
downstairs to get my car and my car that 05:37
my mom left me behind Chevy Toyota 05:41
Corolla silver one 1983 was stolen and I 05:43
call my dad in a moment I'm sitting the 05:46
balcony I said Dad I'm joining the Army 05:48
says what do you mean I says come pick 05:50
me up take me to glendel we go to 05:51
glendel I talk to Asus G I said if you 05:53
can get me in the Army tomorrow I'm in 05:55
he said it's going to take three months 05:56
after a bunch of calls two weeks later I 05:58
was in South Carolina Fort Jackson boom 06:00
calling my mom who was in Iran saying 06:02
mom I got 30 seconds love you but I'm in 06:04
the US Army what I got to let you go 06:07
click never look back best decision I 06:09
made joining the Army I wouldn't be 06:11
where I'm at right now if I don't join 06:13
the Army what was the experience like it 06:14
was great because I was forced to make 06:16
friends with people from all walks of 06:18
life who have never met a middle eastern 06:19
before it got me to learn how to talk to 06:21
different people from different walks of 06:24
life but you really learn about teamwork 06:26
camarad 06:29
having fun fighting for each other it's 06:30
a lot of great experiences I'm wondering 06:32
for people who aren't immigrants 06:34
necessarily or didn't join the military 06:36
but they want to learn some of these 06:38
different lessons like what would you 06:39
recommend them to do go in an 06:40
environment in a startup environment 06:42
with a guy that's being R by an operator 06:44
that's a maniacal guy that's hypomanic 06:46
that's not going to slow down and see 06:49
what it is like to survive in a startup 06:50
environment for the first three five 06:53
years and after five years if you can 06:54
make it there dude good for you respect 06:56
everybody wants to be part of a or I'd 06:58
love to be part of a startup working 06:59
with Elon Musk oh really yeah yeah okay 07:01
great you think is like working with an 07:03
Elon Musk the guy buys Twitter he buys 07:05
turns it into X day one 7500 employees 07:07
day two he fires 3750 day three 1,50 07:10
people quit day four he's left with 2250 07:14
and you want to work with that guy yeah 07:17
but he I bet it's such a great 07:19
experience I bet playing with Michael 07:21
Jordan was such a dream go watch the 07:23
last stands if you're lucky enough to 07:26
work in that kind of an En environment 07:28
for 5 to 10 years you're you're a human 07:29
specimen what you're going to be able to 07:32
do and what you're going to be able to 07:33
take from people you're bulletproof but 07:35
regardless your market value increases 07:38
if you can be in a place like that so if 07:40
you don't want to do military go in an 07:41
environment where it's high octane High 07:43
intense nonstop see how you react so 07:44
when you left the military there there's 07:48
some things I'm excited to get to the 07:50
PHP and some of the things you've been 07:51
been up to these years but what were 07:52
those years like before PHP and what did 07:53
you learn through them like I think you 07:55
worked at a at a gym then you worked at 07:57
a Morgan stanle B was awesome we had the 07:59
smallest Club in America I think well we 08:02
won the Triple Crown Triple Crown is 08:04
membership sales personal training sales 08:06
and supplements we killed everybody with 08:09
a small club because we had such a 08:11
United team and so from there they took 08:13
me out and they put me in uh Hollywood 08:15
which was the biggest Club in El Centro 08:17
and then from there they sent me to 08:18
chadsworth I got a promotion and we took 08:19
it from 42% of the goal to 118% 115% the 08:21
goal and that's when my moment came and 08:25
I said I think I'm going to be a general 08:28
man of a club one day and I'm eventually 08:29
going to be a supervisor making $2 08:31
$300,000 a year and my boss Robbie came 08:32
in I said what do I need to do to be the 08:35
weekend assistant manager of Hollywood 08:37
CU I want to go back to that pays 08:39
$55,000 you're just pays 40 I won that 08:40
job he says if you beat Edwin Gera you 08:42
have that job Edwin's at a big club I'm 08:46
at a small Club I end up beating Edwin G 08:49
at a smaller Club I was number eight he 08:51
was number 10 I beat him you told me if 08:53
I beat him I get I get El Centra weekend 08:55
assistant he says I no but we had to 08:57
give it to Edwin I said why is that 09:00
tenure so you didn't think I was going 09:02
to beat him did you you didn't think I 09:03
was going to beat him I said well you 09:04
told me that's my job so I can't give it 09:05
to you I said I quit I can't do that bro 09:07
my dad taught me that you know keep your 09:09
W you ain't keeping your W with me I 09:11
can't trust you I got to move on and I 09:13
left lost everything I in that 09:14
$49,000 a year later yeah a year later I 09:16
call Robbie begging for a job he gives 09:19
me the worst position in the world I'm 09:21
working at Hollywood opening The Club at 09:24
4:00 in the morning till noon who do you 09:26
buys gym memberships from 4 to noon 09:29
nobody in no one ever goes buying a 09:31
membership everybody buys a gym 09:33
membership after 6 that morning made me 09:34
realize how bad I don't want to be there 09:38
5 months later quit my job went in uh 09:40
Financial Services with World Financial 09:43
working 800 hours a week literally 7 09:45
days a week I work seven days a week for 09:48
God knows how many years 10 15 years and 09:49
then all of a sudden crazy things 09:51
started happening first time of my life 09:52
I made 09:54
8,495 in a month May of 2004 I go show 09:55
my dad I said Dad I just made 09:59
$8,495 how I said selling insurance that 10:01
was the last day my dad ever reached in 10:04
his pocket to pay for anything that he 10:06
ever went out with me what was your Peak 10:08
salary or money you were making when you 10:11
had the job at at is it Trans America or 10:12
World Finance Trans America World 10:14
Financial Group is a part part of what 10:16
was your top like yearly C with that shy 10:17
of half a million I'm making probably 10:19
450 430 a year and so you transitioned 10:21
into that because you saw that there was 10:23
more money from that doing the 10:24
financials versus working at the gyms 10:26
and when you quit back 10:28
I knew I was going to do sales and I 10:29
wanted to be somewhere where I was 10:31
appreciated so you're making half a 10:32
million dollars life is good and then 10:34
one day you're like hey they're not 10:35
taking me seriously yeah I'm done 10:36
because I went to Atlanta to meet with 10:38
them on all their lawyers and I told 10:40
them I said I'm here because of one of 10:41
four things going to happen today I'm I 10:43
going to stay here and be the COO of the 10:45
company number two I'm going to sell my 10:47
business and walk away I'm going to 10:49
linger around and find something else to 10:51
do or I'm going to leave and start my 10:53
own company and be direct competitor but 10:54
I'm going to make that decision at the 10:56
end of this meeting and they said you'll 10:57
never never leave I said I'll never 10:59
leave says no everybody that comes to 11:00
the room like this comes to us they want 11:02
money from us and we always give them 11:04
money and then they stay you're not 11:05
going anywhere you have too good of a 11:07
job and I say you need to tell me to 11:08
Vision the company CU if you don't have 11:09
a vision I don't think you have a vision 11:11
with the I think you're lost because 11:12
you're so wealthy and you have money now 11:14
you just want to play golf and kick it 11:15
and relax I don't think you when you 11:16
want to te it up the guy would I trusted 11:18
respected about the fact that 30 minutes 11:21
later he flat out told me you're right I 11:22
don't know what I want to do with the 11:23
company I said I can't be in a company 11:24
can you break down the business model of 11:27
PHP it's a high volume recruiting model 11:28
so I took what I learned from Bal so Bal 11:31
to me was a very scripted environment 11:33
everything was scripted so I realize in 11:36
every product you ever sell you need an 11:37
FAQ so I created an FAQ for term for 11:39
perm for annuity for the opportunity for 11:43
investors for everybody once you know 11:45
the FAQs you just have to know the FAQs 11:47
and then I worked at World Financial 11:49
World Financial taught me the concept of 11:51
high volume recruiting if I'm looking to 11:53
build a business to sell if I'm a 11:56
personal pror producer and I make $3 11:58
million a year no one's going to buy my 12:00
business cuz they have to buy me and I 12:01
don't want to sell for the rest of my 12:03
life I saw a massive niche of nobody was 12:04
targeting Middle America Hispanics 12:07
African-Americans we became 54% Hispanic 12:10
while America's only 24% we became 24% 12:13
African-American while America's only 12:16
133% and then we became you know 51% 12:18
Millennial 34 years old young and the 12:22
insurance industry isn't that and that's 12:25
not the case and I said let's Roll High 12:26
volume recruiting high volume recruiting 12:29
and then we created the the licensing 12:32
the bonuses the tiers that we would pay 12:34
bonuses on and then all of a sudden we 12:36
moved people from California to Texas to 12:39
Chicago to Florida and then once I had 12:41
guys spread across the country then we 12:43
started recruiting this way and then we 12:45
eventually ended up being in all states 12:47
so taking a step back on this on PHP 12:48
business model sounds like half the 12:51
business is in the recruiting kind of an 12:53
MLM of sort network marketing model and 12:55
half is in actual profit from selling 12:58
the insurances am I understanding that 12:59
correct no nobody makes money from 13:01
recruiting so for example are you 13:03
familiar with how multi-level marketing 13:05
works I'm trying to understand it 13:07
because I think that's sometimes what 13:08
people have said about okay so when you 13:09
think about multi-level marketing who do 13:11
you think about what companies do you 13:12
think aboutway okay and we is A1 billion 13:14
company so in MLM there is unil level 13:17
there is bin binary there is Matrix okay 13:20
if you want to I don't know if you're 13:24
interested no I don't know if I want to 13:25
do the whole thing just high level yeah 13:26
so in un level companies that last long 13:28
term nobody can get paid money from 13:30
recruiting you have to make money that's 13:33
a pyramid scheme so what Ponzi scheme 13:35
was about I'll give you 13:37
$250 you keep $100 of it but then you go 13:39
get three people that you get 13:43
$250 you get $100 but I get 50 and if 13:45
they go get that's a Ponzi skin but the 13:48
the business model part I'm still trying 13:50
to understand cuz you said it's no one 13:52
makes money from the licensing or the 13:54
selling so which no one makes money from 13:55
recruiting you only make money I don't 13:57
make money if I recruit you I only make 14:00
money if I recruit you and get you 14:02
licensed and get you to sell so I can 14:04
override you or if I sell you a product 14:06
but just recruiting you I don't make any 14:09
money what was your first year sales of 14:11
PHP and then what were the the last $2 14:13
million so in 2009 did 2 million what 14:15
did you end up in 2022 little over 100 14:18
million 120 million it's a good siiz 14:20
business but insurance is very hard like 14:22
what you're doing is not hard work it's 14:24
work but you're smart you're wise I I I 14:26
had to learn how to do that insurance is 14:30
very hard that that's why I was curious 14:33
the pitch I was just kind of curious how 14:34
you sell insurance like cuz I'm having I 14:36
have a wife and we're about to have a 14:38
kid and I'm like I think I might need 14:39
insurance so I'm curious I feel like you 14:41
have a solid pitch about a wife but but 14:42
but an insurance for you okay the 14:44
average person is making 80 grand a year 14:46
homem maker bread winner you need a quar 14:49
million dollar life insurance policy to 14:52
half a million dollar life insurance 14:54
policy you're buying that CU God forbid 14:55
if something happens to you what's your 14:57
wife going to do taking care of the two 14:59
kids we had a guy named hopo who's our 15:00
manager at El El Torito in enino we go 15:02
to him 38 year old guy with three kids 15:06
wife didn't speak English guy's making 15:08
$65,000 at Al Torito $70,000 at Al 15:11
Torito we sit down and we talk to him my 15:13
guy named Tony says hey aopo you need 15:15
insurance what happens to your wife if 15:17
you don't have any insurance the guy 15:19
says I know what you're doing you're 15:20
trying to pin my wife against me next 15:22
week he dies he was 38 years old with 15:24
three kids and wife didn't speak English 15:26
what the hell is his wife going to be 15:29
doing he could have bought a quar 15:30
million dollar policy for $40 a month 15:32
she would have $250 she had to go marry 15:35
any guy just because he could pay the 15:38
bills any guy can you imagine he's 15:40
watching down from heaven and saying 15:42
babe how could you marry a guy like that 15:43
well babe you didn't buy life insurance 15:45
policy I was forced to marry Julio 15:47
that's what happens with insurance it's 15:49
not for you it's for the 90% of America 15:51
that desperately needs it you're worth 15:54
money though so you don't really need 15:56
insurance except for taxes so for a guy 15:58
like you you're only buying insurance so 16:00
your kids and your wife doesn't have to 16:02
pay the taxes when you die you're not 16:03
buying Insurance to protect money like a 16:05
guy like you goes to the insurance agent 16:08
and gets as much insurance as you can 16:10
cuz it's nothing to you it's so cheap 16:12
literally you not how much money it is 16:14
for you like right now if you were to 16:15
say how much is a $10 million insurance 16:17
policy 42 years old 10 million are you a 16:19
smoker no you drink alcohol yeah you 16:22
drink a lot or not a lot one or two a 16:25
day okay so I'm going to put your in 16:27
come at 2 million a year let's just say 16:29
you haven't told me this I'm just 16:30
putting it up there household retirement 16:31
whatever household debt whatever you're 16:33
probably going to be getting a$1 million 16:35
policy for th000 bucks a month what's 16:37
$112,000 a year to you nothing if 16:39
something happens to you they have to 16:41
pay taxes that 10 million goes to the 16:44
wife to pay for the taxes you're not 16:46
buying it because your wife needs your 16:48
life insurance policy can you give us a 16:49
ballpark of how much you sold PHP for oh 16:52
yeah I'll uh uh shy up $300 million by 16:53
the time the whole thing is over with 16:56
with our earnout and everything that 16:58
we're doing it's going to end up being 17:01
more than $300 million what was it like 17:03
selling for hundreds of millions of 17:05
dollars incredible we were at Monaco 17:06
when we found out the money is being 17:09
wired to Goldman Sachs my wife and I are 17:10
having breakfast The Way We Cried during 17:12
that breakfast was priceless because 17:15
we've made money but we've never had 17:19
multi- figure type of money that's when 17:20
you kind of sitting there and saying hey 17:23
family was really calling now they're 17:25
really going to be calling you're going 17:27
to find out you had you never knew about 17:28
right but it was a moment where 6 months 17:29
of me being on the road her doing 17:32
payroll a day after we had a baby and 17:34
she's sitting at the hospital while the 17:36
baby sitting there she's doing payroll 17:37
for everybody you go through those types 17:39
of you you you go to those days and you 17:41
realize how much we sacrifice how much 17:44
we almost lost it all and the fears the 17:46
anxieties the insecurities a husband and 17:49
wife sees each other in that nobody else 17:51
knows that Bond you can't describe so 17:53
that was the most unique moment we had 17:55
when when we're sitting across from each 17:58
other saying hey it's official yeah 18:00
great feeling how did you uh how did you 18:03
treat yourself how didd you enjoy the 18:06
money it's funny saying this I I keep 18:07
telling everybody I'm like babe when we 18:09
sell it I'm telling you right now babe 18:12
I'm going to get a 200 foot yacht and we 18:15
go to Monaco and we're going to live on 18:18
the Yacht for two months we're just 18:19
going to relax and all this other stuff 18:21
anyways it happened we came back to work 18:23
and of course we said celebrated we did 18:27
a lot of different things for ourselves 18:29
for our families Investments different 18:31
opportunities Yankees ownership places 18:33
we've gone with the kids our Christmas 18:35
has become incredible the stuff that 18:37
we're doing when we're creating 18:40
Traditions with the family but we 18:41
already had a great life I already was 18:43
living in a $30 million home driving a 18:45
million dollar Ferrari had bunch of nice 18:47
clothes we go to the nicest restaurants 18:49
we've been all over the world 40 plus 18:51
countries it wasn't like dramatically 18:53
was going to change this was now about 18:55
really asking yourself you really think 18:57
you're a big thinker let's see what 18:58
you're going to do now cuz you don't 19:00
have to work anymore let's see Mr pbd if 19:01
you're a big thinker oh we're going to 19:03
really learn about you now and that was 19:05
the best exercise for us can you tell me 19:07
more about buying the stin in the can 19:09
you tell me more about buying the stin 19:11
stin why am I get stin stank the stank 19:13
in the Yankees the stank in the Yankees 19:15
the Stak in the Yankees yeah I mean I'm 19:17
I'm a big baseball card guy I love 19:19
baseball I'm like the kid who when I 19:20
have a baseball card I just I'm in a 19:22
whole different place and I always was a 19:23
fan of Mickey mano's 1952 Tops rookie 19:25
card I made a an offer for $19 million 19:27
to PSA 10 the guy turned me down he 19:30
knows who he is and then I said okay let 19:33
me see what's going to happen I got a 19:37
call from a guy who knew I wanted to be 19:38
a minority owner for sports team because 19:40
longterm I'd like to be a majority owner 19:42
I think I'd make a very good owner of a 19:43
team he says hey I got some teams that 19:45
there's some spots on said give me the 19:47
names he gives it to me I said no I'm 19:49
not interested he said who are you 19:51
interested in said really it's only 19:52
three teams I'm interested in he said 19:53
give me the names Yankees Lakers 19:55
Dodgers that's really in so maybe I 19:59
would entertain Raiders and they call me 20:01
back for Raiders I'm like I'm good then 20:02
he calls me back a year later 6 months 20:04
later he says a guy who was on the board 20:05
of the Yankees is selling what do you 20:07
want to do I said what is it he said 20:09
well you got to go through an MLB 20:11
background check all this stuff 15 20:12
months it took for me to go through the 20:14
background check there's a Yankees 20:16
background check there's an MLB 20:17
background check eventually Yankees two 20:18
weeks before the announcement they asked 20:21
me to fly out to New York for me to 20:22
interview see guys I'm very loud I talk 20:23
a lot about politics I love America I 20:26
love capitalism I'm just going to get 20:28
louder so one want you to know this you 20:29
can't call me tell me to be quiet I'm 20:31
very loud and they're like as long as 20:33
you don't tell us who to trade for who 20:35
do do this and you realize he's the boss 20:37
we're going to be fine I said then 20:38
that's it and then we agreed we shook 20:39
hands great conversation they took us to 20:41
the Stein burner sweet the owner sweet 20:43
incredible Yankees you know history 20:45
giving us private tour on the field 20:47
everything and obviously now you know 20:48
it's it's a great experience because 20:50
we'll go we go to Hampton's get in the 20:52
helicopter go to Yankees game watch the 20:55
game come back I mean it's a dream it's 20:57
it's one of those things that you know 21:00
it's truly a dream do you fly only 21:01
private now I only fly private now what 21:03
kind of plane do you have oh I don't I 21:05
don't have a plane yet I haven't bought 21:07
a plane because we're looking at buying 21:08
a property that has a hanger where we 21:10
can put the plane there but I don't want 21:12
to buy the plane I want to buy the 21:13
property first with a hanger God willing 21:15
and then we put it there now I don't 21:17
have a I have a guy I use and he books 21:18
me typically with these three planes 21:21
that I use and I Char her all the time 21:22
how much do you think you spent a year 21:25
on planes couple million awesome 21:26
I told my wife I was like baby 50 like I 21:29
that's all I want to fly as PR like I 21:32
got we were in line security yesterday 21:33
was 30 minutes I was like I'm going to 21:34
work harder not harder just to work 21:36
harder but it's like what a luxury of 21:37
life to be able to afford that be able 21:38
to take other people yeah do those 21:39
things what was the best advice you ever 21:41
received now that you're worth nine 21:43
figures in life it's a different story 21:45
than it is to be nine figures nine 21:47
figures was truly reading Blue Ocean 21:49
strategy I'm telling you when I read 21:51
Blue Ocean strategy it was powerful 21:53
because it made me realize cuz this one 21:56
guy was saying we're going to be a 21:58
holistic model we're going to sell 21:59
everything under the sun and blue ocean 22:01
says that's the worst way to do it pick 22:03
and choose your Niche instead of being 22:05
in a red ocean choose a blue ocean stop 22:08
trying to directly compete with 22:10
everybody compete like this don't 22:11
compete like this once I figured that 22:13
part out I said game we're good my 22:15
confidence went up and I said I can pull 22:17
this off I think I can pull this off and 22:19
then it was just going then I saw our 22:21
blue ocean was the right one and then it 22:23
was game over and then I combined 22:25
content creation and I never once sold 22:28
Insurance to anybody from value tment 22:30
never once but the moment value tment 22:32
became something I was creating content 22:35
on a side and then accidentally we took 22:36
off and then all of a sudden we got a 22:39
million subscribers you know whatever 22:40
the people show up life of an 22:42
entrepreneur goes viral interviews come 22:43
up Podcast comes up then that part's 22:45
growing then everybody's like what so 22:47
these two are the same thing they are 22:50
wow man I love your stuff great so that 22:52
those are your values and principles 22:55
yeah that's how you build this company 22:56
and yeah I'd have to be part of a 22:57
company like that natural organically it 22:59
was taking place so that was that was 23:02
probably one of the biggest thing for me 23:05
was the Blue Ocean strategy and today 23:06
you have eight businesses can you break 23:08
down these eight businesses in the 23:09
revenue that you're at yeah so insurance 23:11
is the ninth one okay but let's set that 23:12
aside because I got a couple more months 23:15
left for earnout I'm still a full-time 23:16
Co to that company by the way till today 23:18
then you got bed Consulting B div 23:20
consultant will be a unicorn probably 23:22
within 18 to 24 months eight years ago 23:24
when I was doing uh content we got like 23:26
100,000 subscribers or whatever it is 23:29
2016 say we got 100,000 Subs 200,000 23:31
Subs Mario one day calls me says Pat 23:35
some guy's calling says he wants to hire 23:37
you at his a consultant he's asking me 23:39
what your hourly rates are I said I 23:41
don't do no Consulting he I don't know 23:43
what to tell said just make up a number 23:45
and see what he tells you Mari goes by 23:46
I'm like I'm running an insurance 23:48
company I don't even know how to take a 23:49
payment from you goes up to the guy he 23:50
says 23:52
$55,000 he comes back he said Pat he 23:53
booked three hours I said you're kidding 23:55
me no I said what does he want to do 23:56
with me me he just got questions for you 23:58
is he in the insurance industry not at 24:00
all what does he do Transportation 24:02
you're kidding me no now I don't even 24:04
know if I can help you you understand 24:05
what I'm saying like I'm like walking 24:08
and saying why the hell you paid me 24:09
$115,000 spend three hours with you but 24:11
let's see what happens here we start the 24:14
conversation by the time it's done I'm 24:16
like I'm going to change your life I 24:18
just made you a lot of money we took 24:20
that business from 8 million a year to 24:22
60 million a year that guy's going to be 24:23
a billion company within the next 3 to 5 24:25
years next guy comes in and then he kept 24:27
coming back and the next guy comes I'm 24:30
like guys I can't do that 5,000 anymore 24:32
so then I went to 15,000 then I went to 24:34
40,000 then they started booking me for 24:36
speaking we'll give you $100,000 I said 24:38
it's not worth a lot of money to me 24:41
$100,000 we'll pay $200,000 now it's 250 24:42
half a million and a million 24:46
International and people cut the check 24:47
and I only do four per year I don't even 24:49
want to do them because my entire life 24:51
today is built around a three mile 24:53
radius of where you're sitting at right 24:54
now so B David Consulting we do 24:56
engagements for 4,000 businesses 24:59
worldwide from 60 countries that's B 25:01
Consulting then you have man all 25:03
integrated businesses guy lawyer 7 25:05
Minute call bills me for 30 minutes I 25:09
said what do you charge by the minute he 25:11
says no lawyer charges by the minute I 25:12
said one day I'm going to launch a 25:14
company called Manet do you have a 25:15
minute to connect let's Manet now 25:18
there's the app very simple man is you 25:20
know growing doing its thing I can 25:23
choose to pay you to respond back in an 25:25
audio I can choose to to get a respond 25:27
back in video or I can have a 50-minute 25:28
call with you the talent gets paid 80% 25:30
Manet keeps 20% beautiful so that's the 25:32
second one third is the pbd podcast 25:35
that's turned into business it's 25:38
generating God knows how much money 25:39
right now AdSense sponsorship it's just 25:41
driving traffic so that's pbd podcast 25:44
then you have the merch company that we 25:46
have with the gear that we're selling we 25:48
want a million people this year we're in 25:49
future looks bright gear it's our 25:51
special future looks bright gear a hat 25:54
or shirt we want every everybody to be 25:57
optimistic everywhere they go and 25:58
confuse the hell out of everybody 25:59
because everybody is there's so much 26:01
fear porn being sold we want that then 26:02
we got the cigar business we got the 26:05
comedy club and we got a couple other 26:06
ancillary businesses but it's nine 26:08
businesses we also have value tment 26:10
Investment Group where people if they 26:11
want to raise money you'll come to us 26:13
hey I'd like to raise $10 million no 26:14
problem if we come to you to be one of 26:16
the co-investors we're always in 26:19
ourselves with our own money we have a 26:20
pool of accredit investors that if they 26:22
want to be part of the list they send 26:24
the email to the it Investment Group 26:25
you're to the list every time we have a 26:27
new investment we'll send the email 26:29
you're interested what are you in I'll 26:30
give quar a million I give 100,000 so 26:31
yeah so those are some these are things 26:34
that people don't know about it's a lot 26:36
what would you say your net worth is 26:38
with all the stuff Equity everything 26:39
like halfon yeah I think I'm close to 26:41
half a billion it could accelerate very 26:44
quickly depending on a couple big moves 26:46
if one of these things spreads that 26:49
thing can go fairly quickly but I would 26:51
say right now it's out a half a billion 26:53
that's a lot of money that's a lot of 26:54
capitalism works capitalism works it 26:57
does and I love that about America 26:59
America is the greatest country in the 27:01
world I fully agree with that I was 27:02
curious any poor performing assets 27:04
you've had or bad investment experiences 27:06
you know how much money I lost with 27:08
penny stocks wasted my time with like 27:09
not selling penny stocks so I'm the guy 27:12
that was buying penny stocks that 27:14
something could happen to them I have I 27:16
bought a clothing brand that I wasted my 27:18
money and time thinking I was going to 27:21
get it to be the next you know Burberry 27:22
or the next whatever now finally I'm 27:25
like specialize specialize specialize 27:28
the more I specialize the more I wanton 27:31
the more I generalized the more distract 27:33
that I got and more brain headaches 27:36
unnecessary stress specialize specialize 27:40
specialize how how do you get khabib and 27:44
how much did you pay for like khabib and 27:46
Tom br oh so let me give you that 27:48
breakdown with the with the speakers 27:49
yeah cuz you have these guys that I like 27:51
you have kabib on stage and I'm like I 27:52
never see kib in yeah no kabib doesn't 27:54
do anything well kib's manager is a good 27:55
friend so that's kind of unfair because 27:58
Ali and and and they follow the content 28:00
so it's not like funny story with kabib 28:03
I invite khabib to come speak at our PHP 28:06
conference yeah I saw it so while I'm 28:09
there interviewing him they're thinking 28:11
PHP hired me to interview him they have 28:14
no clue I own the company so they say to 28:17
me in the back what did they pay you to 28:20
interview me he says cuz I wanted to I'm 28:21
only doing this cuz you're interviewing 28:23
me I said bro I own the company so if 28:25
you think about some of the guys that 28:27
we've interviewed that we brought to 28:28
events we paid them it's not those like 28:30
seven figures what you have to pay for 28:32
no no Brady Brady somebody paid him 3.2 28:33
million we didn't but we paid him a good 28:36
change but we didn't pay him seven 28:39
figures but we had Kobe Kobe was a epic 28:40
interview that we did the late Kobe 28:43
Bryant a Shaq after our three four year 28:44
Feud and he blocked me he was upset that 28:47
was a fun one but anything we do with 28:49
podcast we don't pay only when we do on 28:51
stage because we're selling tickets 28:54
podcast we don't K one was legendary but 28:56
it's interesting cuz I saw I was 28:59
interviewed one he has so many he has 29:00
amazing morals I just love him as a man 29:02
like khabib I just feel like he's just 29:04
like he doesn't shake women's hands have 29:06
respect for his religion my wife comes 29:08
up he just stands like this does yeah 29:09
yeah the guy's the guy's a stut up 29:11
really yeah when you had khib and Brady 29:13
on stage at your conferences what did 29:15
you learn from them what do you still 29:17
take away to this day Brady is I don't 29:18
know why you know he he he plays like a 29:20
psycho competitor but an interview he's 29:25
diplomatic as much as I enjoy talking to 29:28
kabib on stage I enjoyed it 10 times 29:31
more behind stage such a great 29:33
conversation him another guy named Rez 29:36
Ali and by the way Muslims I'm a 29:40
Christian religion wise we're we had the 29:43
best conversation together you can tell 29:45
a lot by man on how much pride he has 29:48
and how much he defends his father he's 29:50
uh he's my kind of guy he's a stud 29:52
where'd you just go right there the 29:59
video of when he is trying to pick up 30:02
his dad and he can't pick up his dad and 30:04
I don't know if you've seen it or not 30:06
guys like I can never pick this man up 30:08
you know and and you go back when khabib 30:10
was a kid and he's wrestling with a bear 30:12
and his dad is he says brother I grew up 30:13
in the 30:16
mountains I grew up wrestling Bears you 30:17
think I'm worried about what you're 30:21
going to do to me here I'm going to 30:22
crush you I'm going to I mean you just 30:24
listen to him the way he is and 30:27
fatherson relationship to me is a 30:29
beautiful thing I think too many fathers 30:31
in America missed the mark since and 30:33
Lyndon Johnson came up with his policy 30:35
that destroyed the family nucleus in 30:36
1965 totally destroyed you know 4% of 30:38
kids in America used to be born to 30:42
single parent household in 1960 you know 30:44
what that number is today no idea 40% 30:48
40% of kids are born today to a single 30:51
parent how how terrible policies Lyon 30:53
Johnson came with this welfare program 30:57
giving entitle programs to everybody we 30:59
went from 4% to 40% of fathers devalued 31:01
who cares about fathers in a household 31:04
who cares about this yeah we need we 31:05
need strong men that raise great kids 31:07
lowers taxes lowers crime safer 31:10
Community better future citizens 31:13
unemployment goes lower a a a strong 31:16
father is we need we need a lot of 31:19
strong fathers yeah so khabib's father 31:21
look who he raised badass what regrets 31:24
do you have what do you have regrets 31:27
from working too much you have regrets 31:28
from not making more money let me tell 31:29
you about the regret thing you just had 31:31
working too much my dad works 6 days a 31:32
week and he would leave 5:00 in the 31:34
morning and he would come home at 9: so 31:36
we' never see him except for once a week 31:38
and I said dad let me ask you a question 31:41
when I was in Germany I had a refugee 31:43
camp you didn't see me for a year and a 31:45
half when you were in Iran I only saw 31:46
you once a week so if I lived there for 31:48
10 years 52 * 10 you only saw me 520 31:50
days out of 3,650 days days and when I 31:54
lived here you and Mom got a divorce I 31:59
only saw you two days a month so two 32:01
days a month over 6 years it's not a lot 32:03
24 days 144 days a year do you ever sit 32:06
there and say man I didn't spend enough 32:09
time with my son does that ever eat you 32:10
up and bother you I'm asking for myself 32:13
his answer so powerful he says zero 32:15
regrets I said dad you can't say that 32:18
you mean to tell me you wouldn't have 32:21
rather spend time with me than doing 32:22
what you were doing working 5 to9 or 32:24
whatever you were doing is a zero regret 32:25
said then how could you say that he says 32:28
my job as your father that God chose for 32:31
me to do was to raise a leader so for 32:35
the rest of our lives when you're a 32:37
leader we can become best friends are we 32:39
not best friends today I said we are he 32:40
says that's my job kid my dad's a g and 32:43
he he he wanted to raise a leader and 32:45
you got to give him props so now I got I 32:46
got to do the same thing because he's 32:48
only going to be known as a great father 32:50
if I raise good kids because a great 32:52
father you judge a great father based on 32:54
his grandkids not based on his kids 32:56
if you have great grandkids that means 32:58
you duplicated good leaders and that 33:00
takes 60 years to realize that takes a 33:02
while you may not even ever see it by 33:04
the way I hope so yeah I hope so me too 33:05
what are we going to say out of you in 33:08
the next 20 years I know it's something 33:09
you're curious about Kobe I'm curious 33:11
for Patrick about David you know I'm 33:12
going on a 40-year run in my mind it's 33:14
so clear what's going to happen I'm not 33:16
Nostradamus I know everything what's 33:19
going to happen but in my mind there's 33:21
only one person that can fire me and 33:23
that's the man upstairs if God keeps me 33:24
healthy I'm going 40 years I don't like 33:26
what they're doing to America I don't 33:28
like what they're doing to kids 33:29
confusing them I don't like what they're 33:30
doing to parents I don't like how 33:32
they're pinning us against each other 33:34
I'm not a fan of that and some people 33:35
are using their billions to divide 33:37
manipulate and Destroy America and I 33:40
think we need some people that are not 33:42
afraid who can communicate and they're 33:45
comfortable and bullying the bully they 33:48
can stand up to guys that are 33:49
intimidating and it's it's a shame if 33:50
you don't use that fire that you have in 33:52
your belly to do something about it 33:54
because this country gave me an 33:57
incredible life a life every day I wake 33:58
up it's like a movie to me this doesn't 34:00
make any sense to me and I'm going to 34:02
sit there and do what just take from 34:03
what America gave whether you read the 34:05
Kennedy family Legacy or the Bush family 34:08
Legacy you'll see one thing they have in 34:10
common go make enough money to take care 34:11
of your family to take care of your kids 34:14
to take care of your wife retire all of 34:17
them turn them into leaders and 34:19
eventually have to figure out a way to 34:21
give money give time back to Public 34:22
Service public service you get to do 34:24
through politics Church or nonprofit 34:26
pick and choose how you want to do it 34:28
this country is a too special of a 34:30
country for us to not give back to if we 34:32
just come and take and we don't give 34:35
back it's a bit selfish so 40 years it's 34:37
if if we do what we do well it's going 34:40
to be a very good movie what what things 34:42
can you share a few of those things that 34:45
you're excited media movies Consulting 34:46
influence politically counsel I'm not 34:50
going to be involved in politics I'm not 34:52
born here so I I can't run for president 34:54
but you any other influential way we're 34:57
going to defend the values and 35:01
principles that brought us to America 35:03
and will'll be one of the most powerful 35:06
voices to do that the next 10 20 30 40 35:07
years America gets a black guy everybody 35:10
wants to take a shot at America but go 35:11
ahead and get her America and see what 35:13
happens to everybody else why is 35:14
everybody's becoming capitalist whose 35:15
model are they duplicating after oh let 35:16
me guess America okay so all the trash 35:18
and that people want to talk about 35:21
America be lucky that we have a proven 35:23
concept that worked in change changed 35:26
many people's lives not just in America 35:28
but around the world so we we got we got 35:30
some work to do and I'll never forget I 35:33
was reading a book by coach of the New 35:36
York Giants coach Coughlin he says my 35:37
entire 40 Years of coaching I've tried 35:39
to get my players to be motivated 35:42
through money ah a little bit I try to 35:43
get my coach to be motivated by starting 35:45
whatever I try to get my coach by 35:47
motivated of getting an MVP and all this 35:49
stuff he says nothing gets us to fight 35:51
and compete better than competing for 35:55
for Pride what Pride do you have for 35:57
your last name for your family for your 36:00
heritage for your faith for your country 36:03
khib isn't fighting for freaking $5 36:06
million he's fighting for his country 36:08
he's fighting for what he believes in 36:11
even though him and I don't believe in 36:13
the same thing Faith wise you have to 36:15
respect the guy and understand that this 36:17
guy's a formidable opponent because 36:20
there's Pride behind this fight money is 36:22
whatever you're not going to give the go 36:24
through the pain that another guy is 36:27
willing to go through if you're doing it 36:28
for money it's not enough Fame not 36:30
enough big house not enough Pride you'll 36:32
you'll tolerate pain for a long ass time 36:36
until the other guy's given up it's a 36:39
very different you know energy or what 36:40
it tap to and the other guy will never 36:43
understand it that's khabib that's Kobe 36:45
that's Michael that's Brady that's you 36:47
know certain people in politics and 36:49
business and Sports in church it's very 36:51
different and what what would your dad 36:54
say today what does he my dad but if you 36:55
come to my house right now and you talk 36:57
to my dad my dad would say once Patrick 36:59
knew his vision what he was going to do 37:02
nobody was going to stop him the drive 37:03
was always 37:05
there awesome it's great seeing you my 37:07
man this was great appreciate you sir 37:09
you 37:11

– English Lyrics

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[English]
can you break down the business model of
PHP are you familiar with how
multi-level marketing works that's
Patrick Bet Davis you've probably seen
some of his videos on YouTube but do you
really know his story and how he's made
his million insurance is very hard like
what you're doing it's not hard work
today Patrick unpacks his journey from
escaping War zones it's just terrible
man one time we got bombed 167 times a
day pursuing the American dream of
Entrepreneurship I love America I love
capitalism I'm just going to get louder
to selling his company for nine figures
can you give us a ballpark of how much
you sold PHP for shy up $300 million
what was it like selling for hundreds of
millions of dollars incredible how' you
enjoy the money get a 200 foot yacht and
we go to Monaco and we're going to live
on the Yacht for 2 months what would you
say your net worth is with all the stuff
Equity everything I think I'm close to
it that's a lot of of money capital's on
work for the people that don't know you
can you share like in 30 seconds your
story yeah born and raised in Iran lived
there 10 years we escaped 6 weeks afteri
died went to Germany lived at a refugee
camp there for 2 years 18 months came to
the states November 28th 1990 went to
the Army was in the Army for 2 and a
half years H first Airborne aerosol got
out I went to school wanted to be a
bodybuilder I was going to go be Mr
Olympia and then I met a girl in N
Venice Beach she and I started dating
she was working on Morgan Stanley Dean
Witter I'm like you always got nice
cards you drive when you pick me up so
while I work at Morgan Stanley dewood
I'm an investment adviser I'm a
financial adviser I start with Morgan
Stanley Deanwood a day before 911 series
766 all the stock bonds all all the
things you could sell then I left Morgan
I went to Trans America World Financial
I'm there for 7 and a half years and
then after that October of 9th I started
my own insurance company I sold the
company a year and a half ago almost two
years ago and then accidentally started
a YouTube channel called value tment
turned into a podcast turned into a
consulting firm turn into product
development business and how we do a
bunch of different things through uh
line holding vitam and all of that can
can you share can you paint a little
picture of your childhood share a little
bit more about that cuz I I think I
heard you speaking German I you're in a
refugee camp but you said it was good
parents got parents got divorced and
married marri to each other twice when a
half a million people died in Iran I'm
living in capital tan the war is going
on between Iran Saddam Hussein I'm a
revolution baby was just terrible man we
getting one time we got bombed 167 times
165 times in a day eventually my mom's
like listen we got to take your son out
here out of Iran because he's 10 years
old the moment he's 12 he can't leave
because he's going to have to serve the
U Iranian military my that's a good idea
we left and you went to a refugee camp
in ger what's a refugee camp like dude I
mean it's it's you're around other
people that are trying to skipe
Communism socialism dictatorship a bunch
of guys that are trying to come to
America and we all have that in common
it's a dream to one day leave their
Homeland that they love to come
somewhere that they can be free of their
religion of the amount of money they
want to make of the strong opinions they
may want to have of the fact that they
can sit there and assemble and give
their thoughts their ideas fight compete
do all that stuff that's what we're
escaping from why did your family decide
to move we never had plans of living in
Germany even though we had family in
Germany man there's there was no no
opportunity there Germany was like the
pit stop to us how was it for your
family when you got to us dream first we
landed at New York the airport I'm
looking for Rocky I'm looking for
Goonies I'm looking for literally and
you come to La I'm living in Granada
Hills and you're like okay well we're
finally here let's make it work you'd
watch TV and you watch the news and you
see how open they are there there's a
business model to trashing presidents
and everybody's like oh my God you can
talk like this year yeah it's actually a
business model to to Media Free Press
we're not used to Free Press in Iran are
you kid Free Press you're going to get
killed there is no Free Press so all
these unique little things that you're
trying to adjust to and saying this is
kind of weird right it one makes you
realize wow this actually exists what
are my real dreams can I really build a
life like that so I was the kid that was
a dreamer but skeptical it's not going
to happen to me so I needed my belief
system to come up I need somebody to
believe in me but I was a dreamer always
one day what if one day what if one day
how do you think all that turmoil
impacted you long term or helped you as
an entrepreneur having you're in Iran
and you have to change to Germany and
they have come to America start all over
anytime you're trying to do something
big with your life you have to know if
you can truly handle if you're mentally
and emotionally tough sometimes in life
we want everything to be easy but you
need a little bit of the chaos and
Madness and craziness because that
either toughens you up or guess what you
realize you're not meant to do something
really big and with a lot of pressure to
it and then it kind of stays here and
you either use that as a field to do
something with it or you don't I
eventually ended up using it how was it
for you guys when you were in America
did you guys feel poor very poor my dad
was a cashier at a 99 cent store in
Englewood California right next to Great
Western form we were welfare babies we
had nothing going on but you know we're
just happy to be in America what was
high school like for you I loved it
never missed a day school never I had a
1.8 GPA but I never missed a d School
1.8 I had a one point in GP in school I
love math I love pre-calculus I love
math analysis and I could car less about
anything else anything else all I loved
was numbers and math and people it seems
like you you liked selling things you
had Big Dreams but I'm kind of curious
and surprised you went to the military
at that point versus I think where you
went after the military I was kind of
surprised you didn't go there first
military for me was an escape I was
trying to get the hell out of glendle a
lot of bad things were going on at the
time so for me it was kind of like to
just get away from everybody one night
I'm at my sister's house and I'm at the
apartment I'm in the jacuzzi with a
bunch of my friends we partying we're
being very loud we finish up at 4: 5:00
in the morning next day she's about to
get evicted and I'm upstairs I sleep in
I got to go to my job Burger King in
glendel California off of central I go
downstairs to get my car and my car that
my mom left me behind Chevy Toyota
Corolla silver one 1983 was stolen and I
call my dad in a moment I'm sitting the
balcony I said Dad I'm joining the Army
says what do you mean I says come pick
me up take me to glendel we go to
glendel I talk to Asus G I said if you
can get me in the Army tomorrow I'm in
he said it's going to take three months
after a bunch of calls two weeks later I
was in South Carolina Fort Jackson boom
calling my mom who was in Iran saying
mom I got 30 seconds love you but I'm in
the US Army what I got to let you go
click never look back best decision I
made joining the Army I wouldn't be
where I'm at right now if I don't join
the Army what was the experience like it
was great because I was forced to make
friends with people from all walks of
life who have never met a middle eastern
before it got me to learn how to talk to
different people from different walks of
life but you really learn about teamwork
camarad
having fun fighting for each other it's
a lot of great experiences I'm wondering
for people who aren't immigrants
necessarily or didn't join the military
but they want to learn some of these
different lessons like what would you
recommend them to do go in an
environment in a startup environment
with a guy that's being R by an operator
that's a maniacal guy that's hypomanic
that's not going to slow down and see
what it is like to survive in a startup
environment for the first three five
years and after five years if you can
make it there dude good for you respect
everybody wants to be part of a or I'd
love to be part of a startup working
with Elon Musk oh really yeah yeah okay
great you think is like working with an
Elon Musk the guy buys Twitter he buys
turns it into X day one 7500 employees
day two he fires 3750 day three 1,50
people quit day four he's left with 2250
and you want to work with that guy yeah
but he I bet it's such a great
experience I bet playing with Michael
Jordan was such a dream go watch the
last stands if you're lucky enough to
work in that kind of an En environment
for 5 to 10 years you're you're a human
specimen what you're going to be able to
do and what you're going to be able to
take from people you're bulletproof but
regardless your market value increases
if you can be in a place like that so if
you don't want to do military go in an
environment where it's high octane High
intense nonstop see how you react so
when you left the military there there's
some things I'm excited to get to the
PHP and some of the things you've been
been up to these years but what were
those years like before PHP and what did
you learn through them like I think you
worked at a at a gym then you worked at
a Morgan stanle B was awesome we had the
smallest Club in America I think well we
won the Triple Crown Triple Crown is
membership sales personal training sales
and supplements we killed everybody with
a small club because we had such a
United team and so from there they took
me out and they put me in uh Hollywood
which was the biggest Club in El Centro
and then from there they sent me to
chadsworth I got a promotion and we took
it from 42% of the goal to 118% 115% the
goal and that's when my moment came and
I said I think I'm going to be a general
man of a club one day and I'm eventually
going to be a supervisor making $2
$300,000 a year and my boss Robbie came
in I said what do I need to do to be the
weekend assistant manager of Hollywood
CU I want to go back to that pays
$55,000 you're just pays 40 I won that
job he says if you beat Edwin Gera you
have that job Edwin's at a big club I'm
at a small Club I end up beating Edwin G
at a smaller Club I was number eight he
was number 10 I beat him you told me if
I beat him I get I get El Centra weekend
assistant he says I no but we had to
give it to Edwin I said why is that
tenure so you didn't think I was going
to beat him did you you didn't think I
was going to beat him I said well you
told me that's my job so I can't give it
to you I said I quit I can't do that bro
my dad taught me that you know keep your
W you ain't keeping your W with me I
can't trust you I got to move on and I
left lost everything I in that
$49,000 a year later yeah a year later I
call Robbie begging for a job he gives
me the worst position in the world I'm
working at Hollywood opening The Club at
4:00 in the morning till noon who do you
buys gym memberships from 4 to noon
nobody in no one ever goes buying a
membership everybody buys a gym
membership after 6 that morning made me
realize how bad I don't want to be there
5 months later quit my job went in uh
Financial Services with World Financial
working 800 hours a week literally 7
days a week I work seven days a week for
God knows how many years 10 15 years and
then all of a sudden crazy things
started happening first time of my life
I made
8,495 in a month May of 2004 I go show
my dad I said Dad I just made
$8,495 how I said selling insurance that
was the last day my dad ever reached in
his pocket to pay for anything that he
ever went out with me what was your Peak
salary or money you were making when you
had the job at at is it Trans America or
World Finance Trans America World
Financial Group is a part part of what
was your top like yearly C with that shy
of half a million I'm making probably
450 430 a year and so you transitioned
into that because you saw that there was
more money from that doing the
financials versus working at the gyms
and when you quit back
I knew I was going to do sales and I
wanted to be somewhere where I was
appreciated so you're making half a
million dollars life is good and then
one day you're like hey they're not
taking me seriously yeah I'm done
because I went to Atlanta to meet with
them on all their lawyers and I told
them I said I'm here because of one of
four things going to happen today I'm I
going to stay here and be the COO of the
company number two I'm going to sell my
business and walk away I'm going to
linger around and find something else to
do or I'm going to leave and start my
own company and be direct competitor but
I'm going to make that decision at the
end of this meeting and they said you'll
never never leave I said I'll never
leave says no everybody that comes to
the room like this comes to us they want
money from us and we always give them
money and then they stay you're not
going anywhere you have too good of a
job and I say you need to tell me to
Vision the company CU if you don't have
a vision I don't think you have a vision
with the I think you're lost because
you're so wealthy and you have money now
you just want to play golf and kick it
and relax I don't think you when you
want to te it up the guy would I trusted
respected about the fact that 30 minutes
later he flat out told me you're right I
don't know what I want to do with the
company I said I can't be in a company
can you break down the business model of
PHP it's a high volume recruiting model
so I took what I learned from Bal so Bal
to me was a very scripted environment
everything was scripted so I realize in
every product you ever sell you need an
FAQ so I created an FAQ for term for
perm for annuity for the opportunity for
investors for everybody once you know
the FAQs you just have to know the FAQs
and then I worked at World Financial
World Financial taught me the concept of
high volume recruiting if I'm looking to
build a business to sell if I'm a
personal pror producer and I make $3
million a year no one's going to buy my
business cuz they have to buy me and I
don't want to sell for the rest of my
life I saw a massive niche of nobody was
targeting Middle America Hispanics
African-Americans we became 54% Hispanic
while America's only 24% we became 24%
African-American while America's only
133% and then we became you know 51%
Millennial 34 years old young and the
insurance industry isn't that and that's
not the case and I said let's Roll High
volume recruiting high volume recruiting
and then we created the the licensing
the bonuses the tiers that we would pay
bonuses on and then all of a sudden we
moved people from California to Texas to
Chicago to Florida and then once I had
guys spread across the country then we
started recruiting this way and then we
eventually ended up being in all states
so taking a step back on this on PHP
business model sounds like half the
business is in the recruiting kind of an
MLM of sort network marketing model and
half is in actual profit from selling
the insurances am I understanding that
correct no nobody makes money from
recruiting so for example are you
familiar with how multi-level marketing
works I'm trying to understand it
because I think that's sometimes what
people have said about okay so when you
think about multi-level marketing who do
you think about what companies do you
think aboutway okay and we is A1 billion
company so in MLM there is unil level
there is bin binary there is Matrix okay
if you want to I don't know if you're
interested no I don't know if I want to
do the whole thing just high level yeah
so in un level companies that last long
term nobody can get paid money from
recruiting you have to make money that's
a pyramid scheme so what Ponzi scheme
was about I'll give you
$250 you keep $100 of it but then you go
get three people that you get
$250 you get $100 but I get 50 and if
they go get that's a Ponzi skin but the
the business model part I'm still trying
to understand cuz you said it's no one
makes money from the licensing or the
selling so which no one makes money from
recruiting you only make money I don't
make money if I recruit you I only make
money if I recruit you and get you
licensed and get you to sell so I can
override you or if I sell you a product
but just recruiting you I don't make any
money what was your first year sales of
PHP and then what were the the last $2
million so in 2009 did 2 million what
did you end up in 2022 little over 100
million 120 million it's a good siiz
business but insurance is very hard like
what you're doing is not hard work it's
work but you're smart you're wise I I I
had to learn how to do that insurance is
very hard that that's why I was curious
the pitch I was just kind of curious how
you sell insurance like cuz I'm having I
have a wife and we're about to have a
kid and I'm like I think I might need
insurance so I'm curious I feel like you
have a solid pitch about a wife but but
but an insurance for you okay the
average person is making 80 grand a year
homem maker bread winner you need a quar
million dollar life insurance policy to
half a million dollar life insurance
policy you're buying that CU God forbid
if something happens to you what's your
wife going to do taking care of the two
kids we had a guy named hopo who's our
manager at El El Torito in enino we go
to him 38 year old guy with three kids
wife didn't speak English guy's making
$65,000 at Al Torito $70,000 at Al
Torito we sit down and we talk to him my
guy named Tony says hey aopo you need
insurance what happens to your wife if
you don't have any insurance the guy
says I know what you're doing you're
trying to pin my wife against me next
week he dies he was 38 years old with
three kids and wife didn't speak English
what the hell is his wife going to be
doing he could have bought a quar
million dollar policy for $40 a month
she would have $250 she had to go marry
any guy just because he could pay the
bills any guy can you imagine he's
watching down from heaven and saying
babe how could you marry a guy like that
well babe you didn't buy life insurance
policy I was forced to marry Julio
that's what happens with insurance it's
not for you it's for the 90% of America
that desperately needs it you're worth
money though so you don't really need
insurance except for taxes so for a guy
like you you're only buying insurance so
your kids and your wife doesn't have to
pay the taxes when you die you're not
buying Insurance to protect money like a
guy like you goes to the insurance agent
and gets as much insurance as you can
cuz it's nothing to you it's so cheap
literally you not how much money it is
for you like right now if you were to
say how much is a $10 million insurance
policy 42 years old 10 million are you a
smoker no you drink alcohol yeah you
drink a lot or not a lot one or two a
day okay so I'm going to put your in
come at 2 million a year let's just say
you haven't told me this I'm just
putting it up there household retirement
whatever household debt whatever you're
probably going to be getting a$1 million
policy for th000 bucks a month what's
$112,000 a year to you nothing if
something happens to you they have to
pay taxes that 10 million goes to the
wife to pay for the taxes you're not
buying it because your wife needs your
life insurance policy can you give us a
ballpark of how much you sold PHP for oh
yeah I'll uh uh shy up $300 million by
the time the whole thing is over with
with our earnout and everything that
we're doing it's going to end up being
more than $300 million what was it like
selling for hundreds of millions of
dollars incredible we were at Monaco
when we found out the money is being
wired to Goldman Sachs my wife and I are
having breakfast The Way We Cried during
that breakfast was priceless because
we've made money but we've never had
multi- figure type of money that's when
you kind of sitting there and saying hey
family was really calling now they're
really going to be calling you're going
to find out you had you never knew about
right but it was a moment where 6 months
of me being on the road her doing
payroll a day after we had a baby and
she's sitting at the hospital while the
baby sitting there she's doing payroll
for everybody you go through those types
of you you you go to those days and you
realize how much we sacrifice how much
we almost lost it all and the fears the
anxieties the insecurities a husband and
wife sees each other in that nobody else
knows that Bond you can't describe so
that was the most unique moment we had
when when we're sitting across from each
other saying hey it's official yeah
great feeling how did you uh how did you
treat yourself how didd you enjoy the
money it's funny saying this I I keep
telling everybody I'm like babe when we
sell it I'm telling you right now babe
I'm going to get a 200 foot yacht and we
go to Monaco and we're going to live on
the Yacht for two months we're just
going to relax and all this other stuff
anyways it happened we came back to work
and of course we said celebrated we did
a lot of different things for ourselves
for our families Investments different
opportunities Yankees ownership places
we've gone with the kids our Christmas
has become incredible the stuff that
we're doing when we're creating
Traditions with the family but we
already had a great life I already was
living in a $30 million home driving a
million dollar Ferrari had bunch of nice
clothes we go to the nicest restaurants
we've been all over the world 40 plus
countries it wasn't like dramatically
was going to change this was now about
really asking yourself you really think
you're a big thinker let's see what
you're going to do now cuz you don't
have to work anymore let's see Mr pbd if
you're a big thinker oh we're going to
really learn about you now and that was
the best exercise for us can you tell me
more about buying the stin in the can
you tell me more about buying the stin
stin why am I get stin stank the stank
in the Yankees the stank in the Yankees
the Stak in the Yankees yeah I mean I'm
I'm a big baseball card guy I love
baseball I'm like the kid who when I
have a baseball card I just I'm in a
whole different place and I always was a
fan of Mickey mano's 1952 Tops rookie
card I made a an offer for $19 million
to PSA 10 the guy turned me down he
knows who he is and then I said okay let
me see what's going to happen I got a
call from a guy who knew I wanted to be
a minority owner for sports team because
longterm I'd like to be a majority owner
I think I'd make a very good owner of a
team he says hey I got some teams that
there's some spots on said give me the
names he gives it to me I said no I'm
not interested he said who are you
interested in said really it's only
three teams I'm interested in he said
give me the names Yankees Lakers
Dodgers that's really in so maybe I
would entertain Raiders and they call me
back for Raiders I'm like I'm good then
he calls me back a year later 6 months
later he says a guy who was on the board
of the Yankees is selling what do you
want to do I said what is it he said
well you got to go through an MLB
background check all this stuff 15
months it took for me to go through the
background check there's a Yankees
background check there's an MLB
background check eventually Yankees two
weeks before the announcement they asked
me to fly out to New York for me to
interview see guys I'm very loud I talk
a lot about politics I love America I
love capitalism I'm just going to get
louder so one want you to know this you
can't call me tell me to be quiet I'm
very loud and they're like as long as
you don't tell us who to trade for who
do do this and you realize he's the boss
we're going to be fine I said then
that's it and then we agreed we shook
hands great conversation they took us to
the Stein burner sweet the owner sweet
incredible Yankees you know history
giving us private tour on the field
everything and obviously now you know
it's it's a great experience because
we'll go we go to Hampton's get in the
helicopter go to Yankees game watch the
game come back I mean it's a dream it's
it's one of those things that you know
it's truly a dream do you fly only
private now I only fly private now what
kind of plane do you have oh I don't I
don't have a plane yet I haven't bought
a plane because we're looking at buying
a property that has a hanger where we
can put the plane there but I don't want
to buy the plane I want to buy the
property first with a hanger God willing
and then we put it there now I don't
have a I have a guy I use and he books
me typically with these three planes
that I use and I Char her all the time
how much do you think you spent a year
on planes couple million awesome
I told my wife I was like baby 50 like I
that's all I want to fly as PR like I
got we were in line security yesterday
was 30 minutes I was like I'm going to
work harder not harder just to work
harder but it's like what a luxury of
life to be able to afford that be able
to take other people yeah do those
things what was the best advice you ever
received now that you're worth nine
figures in life it's a different story
than it is to be nine figures nine
figures was truly reading Blue Ocean
strategy I'm telling you when I read
Blue Ocean strategy it was powerful
because it made me realize cuz this one
guy was saying we're going to be a
holistic model we're going to sell
everything under the sun and blue ocean
says that's the worst way to do it pick
and choose your Niche instead of being
in a red ocean choose a blue ocean stop
trying to directly compete with
everybody compete like this don't
compete like this once I figured that
part out I said game we're good my
confidence went up and I said I can pull
this off I think I can pull this off and
then it was just going then I saw our
blue ocean was the right one and then it
was game over and then I combined
content creation and I never once sold
Insurance to anybody from value tment
never once but the moment value tment
became something I was creating content
on a side and then accidentally we took
off and then all of a sudden we got a
million subscribers you know whatever
the people show up life of an
entrepreneur goes viral interviews come
up Podcast comes up then that part's
growing then everybody's like what so
these two are the same thing they are
wow man I love your stuff great so that
those are your values and principles
yeah that's how you build this company
and yeah I'd have to be part of a
company like that natural organically it
was taking place so that was that was
probably one of the biggest thing for me
was the Blue Ocean strategy and today
you have eight businesses can you break
down these eight businesses in the
revenue that you're at yeah so insurance
is the ninth one okay but let's set that
aside because I got a couple more months
left for earnout I'm still a full-time
Co to that company by the way till today
then you got bed Consulting B div
consultant will be a unicorn probably
within 18 to 24 months eight years ago
when I was doing uh content we got like
100,000 subscribers or whatever it is
2016 say we got 100,000 Subs 200,000
Subs Mario one day calls me says Pat
some guy's calling says he wants to hire
you at his a consultant he's asking me
what your hourly rates are I said I
don't do no Consulting he I don't know
what to tell said just make up a number
and see what he tells you Mari goes by
I'm like I'm running an insurance
company I don't even know how to take a
payment from you goes up to the guy he
says
$55,000 he comes back he said Pat he
booked three hours I said you're kidding
me no I said what does he want to do
with me me he just got questions for you
is he in the insurance industry not at
all what does he do Transportation
you're kidding me no now I don't even
know if I can help you you understand
what I'm saying like I'm like walking
and saying why the hell you paid me
$115,000 spend three hours with you but
let's see what happens here we start the
conversation by the time it's done I'm
like I'm going to change your life I
just made you a lot of money we took
that business from 8 million a year to
60 million a year that guy's going to be
a billion company within the next 3 to 5
years next guy comes in and then he kept
coming back and the next guy comes I'm
like guys I can't do that 5,000 anymore
so then I went to 15,000 then I went to
40,000 then they started booking me for
speaking we'll give you $100,000 I said
it's not worth a lot of money to me
$100,000 we'll pay $200,000 now it's 250
half a million and a million
International and people cut the check
and I only do four per year I don't even
want to do them because my entire life
today is built around a three mile
radius of where you're sitting at right
now so B David Consulting we do
engagements for 4,000 businesses
worldwide from 60 countries that's B
Consulting then you have man all
integrated businesses guy lawyer 7
Minute call bills me for 30 minutes I
said what do you charge by the minute he
says no lawyer charges by the minute I
said one day I'm going to launch a
company called Manet do you have a
minute to connect let's Manet now
there's the app very simple man is you
know growing doing its thing I can
choose to pay you to respond back in an
audio I can choose to to get a respond
back in video or I can have a 50-minute
call with you the talent gets paid 80%
Manet keeps 20% beautiful so that's the
second one third is the pbd podcast
that's turned into business it's
generating God knows how much money
right now AdSense sponsorship it's just
driving traffic so that's pbd podcast
then you have the merch company that we
have with the gear that we're selling we
want a million people this year we're in
future looks bright gear it's our
special future looks bright gear a hat
or shirt we want every everybody to be
optimistic everywhere they go and
confuse the hell out of everybody
because everybody is there's so much
fear porn being sold we want that then
we got the cigar business we got the
comedy club and we got a couple other
ancillary businesses but it's nine
businesses we also have value tment
Investment Group where people if they
want to raise money you'll come to us
hey I'd like to raise $10 million no
problem if we come to you to be one of
the co-investors we're always in
ourselves with our own money we have a
pool of accredit investors that if they
want to be part of the list they send
the email to the it Investment Group
you're to the list every time we have a
new investment we'll send the email
you're interested what are you in I'll
give quar a million I give 100,000 so
yeah so those are some these are things
that people don't know about it's a lot
what would you say your net worth is
with all the stuff Equity everything
like halfon yeah I think I'm close to
half a billion it could accelerate very
quickly depending on a couple big moves
if one of these things spreads that
thing can go fairly quickly but I would
say right now it's out a half a billion
that's a lot of money that's a lot of
capitalism works capitalism works it
does and I love that about America
America is the greatest country in the
world I fully agree with that I was
curious any poor performing assets
you've had or bad investment experiences
you know how much money I lost with
penny stocks wasted my time with like
not selling penny stocks so I'm the guy
that was buying penny stocks that
something could happen to them I have I
bought a clothing brand that I wasted my
money and time thinking I was going to
get it to be the next you know Burberry
or the next whatever now finally I'm
like specialize specialize specialize
the more I specialize the more I wanton
the more I generalized the more distract
that I got and more brain headaches
unnecessary stress specialize specialize
specialize how how do you get khabib and
how much did you pay for like khabib and
Tom br oh so let me give you that
breakdown with the with the speakers
yeah cuz you have these guys that I like
you have kabib on stage and I'm like I
never see kib in yeah no kabib doesn't
do anything well kib's manager is a good
friend so that's kind of unfair because
Ali and and and they follow the content
so it's not like funny story with kabib
I invite khabib to come speak at our PHP
conference yeah I saw it so while I'm
there interviewing him they're thinking
PHP hired me to interview him they have
no clue I own the company so they say to
me in the back what did they pay you to
interview me he says cuz I wanted to I'm
only doing this cuz you're interviewing
me I said bro I own the company so if
you think about some of the guys that
we've interviewed that we brought to
events we paid them it's not those like
seven figures what you have to pay for
no no Brady Brady somebody paid him 3.2
million we didn't but we paid him a good
change but we didn't pay him seven
figures but we had Kobe Kobe was a epic
interview that we did the late Kobe
Bryant a Shaq after our three four year
Feud and he blocked me he was upset that
was a fun one but anything we do with
podcast we don't pay only when we do on
stage because we're selling tickets
podcast we don't K one was legendary but
it's interesting cuz I saw I was
interviewed one he has so many he has
amazing morals I just love him as a man
like khabib I just feel like he's just
like he doesn't shake women's hands have
respect for his religion my wife comes
up he just stands like this does yeah
yeah the guy's the guy's a stut up
really yeah when you had khib and Brady
on stage at your conferences what did
you learn from them what do you still
take away to this day Brady is I don't
know why you know he he he plays like a
psycho competitor but an interview he's
diplomatic as much as I enjoy talking to
kabib on stage I enjoyed it 10 times
more behind stage such a great
conversation him another guy named Rez
Ali and by the way Muslims I'm a
Christian religion wise we're we had the
best conversation together you can tell
a lot by man on how much pride he has
and how much he defends his father he's
uh he's my kind of guy he's a stud
where'd you just go right there the
video of when he is trying to pick up
his dad and he can't pick up his dad and
I don't know if you've seen it or not
guys like I can never pick this man up
you know and and you go back when khabib
was a kid and he's wrestling with a bear
and his dad is he says brother I grew up
in the
mountains I grew up wrestling Bears you
think I'm worried about what you're
going to do to me here I'm going to
crush you I'm going to I mean you just
listen to him the way he is and
fatherson relationship to me is a
beautiful thing I think too many fathers
in America missed the mark since and
Lyndon Johnson came up with his policy
that destroyed the family nucleus in
1965 totally destroyed you know 4% of
kids in America used to be born to
single parent household in 1960 you know
what that number is today no idea 40%
40% of kids are born today to a single
parent how how terrible policies Lyon
Johnson came with this welfare program
giving entitle programs to everybody we
went from 4% to 40% of fathers devalued
who cares about fathers in a household
who cares about this yeah we need we
need strong men that raise great kids
lowers taxes lowers crime safer
Community better future citizens
unemployment goes lower a a a strong
father is we need we need a lot of
strong fathers yeah so khabib's father
look who he raised badass what regrets
do you have what do you have regrets
from working too much you have regrets
from not making more money let me tell
you about the regret thing you just had
working too much my dad works 6 days a
week and he would leave 5:00 in the
morning and he would come home at 9: so
we' never see him except for once a week
and I said dad let me ask you a question
when I was in Germany I had a refugee
camp you didn't see me for a year and a
half when you were in Iran I only saw
you once a week so if I lived there for
10 years 52 * 10 you only saw me 520
days out of 3,650 days days and when I
lived here you and Mom got a divorce I
only saw you two days a month so two
days a month over 6 years it's not a lot
24 days 144 days a year do you ever sit
there and say man I didn't spend enough
time with my son does that ever eat you
up and bother you I'm asking for myself
his answer so powerful he says zero
regrets I said dad you can't say that
you mean to tell me you wouldn't have
rather spend time with me than doing
what you were doing working 5 to9 or
whatever you were doing is a zero regret
said then how could you say that he says
my job as your father that God chose for
me to do was to raise a leader so for
the rest of our lives when you're a
leader we can become best friends are we
not best friends today I said we are he
says that's my job kid my dad's a g and
he he he wanted to raise a leader and
you got to give him props so now I got I
got to do the same thing because he's
only going to be known as a great father
if I raise good kids because a great
father you judge a great father based on
his grandkids not based on his kids
if you have great grandkids that means
you duplicated good leaders and that
takes 60 years to realize that takes a
while you may not even ever see it by
the way I hope so yeah I hope so me too
what are we going to say out of you in
the next 20 years I know it's something
you're curious about Kobe I'm curious
for Patrick about David you know I'm
going on a 40-year run in my mind it's
so clear what's going to happen I'm not
Nostradamus I know everything what's
going to happen but in my mind there's
only one person that can fire me and
that's the man upstairs if God keeps me
healthy I'm going 40 years I don't like
what they're doing to America I don't
like what they're doing to kids
confusing them I don't like what they're
doing to parents I don't like how
they're pinning us against each other
I'm not a fan of that and some people
are using their billions to divide
manipulate and Destroy America and I
think we need some people that are not
afraid who can communicate and they're
comfortable and bullying the bully they
can stand up to guys that are
intimidating and it's it's a shame if
you don't use that fire that you have in
your belly to do something about it
because this country gave me an
incredible life a life every day I wake
up it's like a movie to me this doesn't
make any sense to me and I'm going to
sit there and do what just take from
what America gave whether you read the
Kennedy family Legacy or the Bush family
Legacy you'll see one thing they have in
common go make enough money to take care
of your family to take care of your kids
to take care of your wife retire all of
them turn them into leaders and
eventually have to figure out a way to
give money give time back to Public
Service public service you get to do
through politics Church or nonprofit
pick and choose how you want to do it
this country is a too special of a
country for us to not give back to if we
just come and take and we don't give
back it's a bit selfish so 40 years it's
if if we do what we do well it's going
to be a very good movie what what things
can you share a few of those things that
you're excited media movies Consulting
influence politically counsel I'm not
going to be involved in politics I'm not
born here so I I can't run for president
but you any other influential way we're
going to defend the values and
principles that brought us to America
and will'll be one of the most powerful
voices to do that the next 10 20 30 40
years America gets a black guy everybody
wants to take a shot at America but go
ahead and get her America and see what
happens to everybody else why is
everybody's becoming capitalist whose
model are they duplicating after oh let
me guess America okay so all the trash
and that people want to talk about
America be lucky that we have a proven
concept that worked in change changed
many people's lives not just in America
but around the world so we we got we got
some work to do and I'll never forget I
was reading a book by coach of the New
York Giants coach Coughlin he says my
entire 40 Years of coaching I've tried
to get my players to be motivated
through money ah a little bit I try to
get my coach to be motivated by starting
whatever I try to get my coach by
motivated of getting an MVP and all this
stuff he says nothing gets us to fight
and compete better than competing for
for Pride what Pride do you have for
your last name for your family for your
heritage for your faith for your country
khib isn't fighting for freaking $5
million he's fighting for his country
he's fighting for what he believes in
even though him and I don't believe in
the same thing Faith wise you have to
respect the guy and understand that this
guy's a formidable opponent because
there's Pride behind this fight money is
whatever you're not going to give the go
through the pain that another guy is
willing to go through if you're doing it
for money it's not enough Fame not
enough big house not enough Pride you'll
you'll tolerate pain for a long ass time
until the other guy's given up it's a
very different you know energy or what
it tap to and the other guy will never
understand it that's khabib that's Kobe
that's Michael that's Brady that's you
know certain people in politics and
business and Sports in church it's very
different and what what would your dad
say today what does he my dad but if you
come to my house right now and you talk
to my dad my dad would say once Patrick
knew his vision what he was going to do
nobody was going to stop him the drive
was always
there awesome it's great seeing you my
man this was great appreciate you sir
you

Key Vocabulary

Start Practicing
Vocabulary Meanings

break

/breɪk/

B1
  • verb
  • - to separate or divide into parts

business

/ˈbɪznəs/

A2
  • noun
  • - an organization or enterprising entity engaged in commercial, industrial, or professional activities.

model

/ˈmɒdl/

B1
  • noun
  • - a simplified representation of a system or process

works

/wɜːrks/

A1
  • verb
  • - to function or operate successfully.
  • noun
  • - a factory or other place where industrial processes take place.

familiar

/fəˈmɪliər/

B1
  • adjective
  • - well-known or easily recognized

level

/ˈlevəl/

A2
  • noun
  • - a point on a scale, especially of amount, quantity, or quality.
  • adjective
  • - horizontal; flat

marketing

/ˈmɑːrkətɪŋ/

B1
  • noun
  • - the action or business of promoting and selling products or services, including market research and advertising.

story

/ˈstɔːri/

A2
  • noun
  • - an account of past events in someone's life or in the development of something.

hard

/hɑːrd/

A2
  • adjective
  • - requiring a great deal of effort or endurance; difficult.
  • adverb
  • - with a great deal of effort or force.

work

/wɜːrk/

A1
  • verb
  • - to expend effort to do something.
  • noun
  • - activity involving mental or physical effort done in order to achieve a purpose or result.

journey

/ˈdʒɜːrni/

B1
  • noun
  • - an act of traveling from one place to another.

dream

/driːm/

A2
  • noun
  • - a cherished aspiration, ambition, or ideal.
  • verb
  • - experience dreams during sleep.

company

/ˈkʌmpəni/

A1
  • noun
  • - a commercial business.

million

/ˈmɪljən/

A2
  • noun
  • - the number 1,000,000

dollars

/ˈdɒlərz/

A1
  • noun
  • - the basic monetary unit of the US, Canada, Australia, and other countries.

money

/ˈmʌni/

A1
  • noun
  • - a current medium of exchange in the form of coins and banknotes; wealth.

share

/ʃeər/

A2
  • verb
  • - to give a portion of something to someone else.
  • noun
  • - a part or portion of a larger amount that is divided among a number of people, or to which a number of people contribute.

born

/bɔːrn/

A1
  • verb
  • - come into existence through birth.

years

/jɪərz/

A1
  • noun
  • - a period of twelve months, usually reckoned from the first of January to the thirty-first of December.

refugee

/ˌrefjuˈdʒiː/

B1
  • noun
  • - a person who has been forced to leave their country in order to escape war, persecution, or natural disaster.

escape

/ɪˈskeɪp/

B1
  • verb
  • - to get free from (a restriction or unpleasant situation).
  • noun
  • - an act or instance of escaping.

america

/əˈmerɪkə/

A1
  • noun
  • - a large landmass consisting of the continents of North and South America.

military

/ˈmɪləteri/

B1
  • noun
  • - the armed forces of a country.
  • adjective
  • - relating to soldiers or the armed forces.

school

/skuːl/

A1
  • noun
  • - an institution for educating children.

investment

/ɪnˈvestmənt/

B1
  • noun
  • - the action or process of investing money for profit or material result.

life

/laɪf/

A1
  • noun
  • - the condition that distinguishes animals and plants from inorganic matter, including the capacity for growth, reproduction, functional activity, and continual change preceding death.

value

/ˈvæljuː/

A2
  • noun
  • - the regard that something is held to deserve; the importance, worth, or usefulness of something.
  • verb
  • - estimate the monetary worth of (something).

development

/dɪˈveləpmənt/

B1
  • noun
  • - the process of developing or being developed.

picture

/ˈpɪktʃər/

A2
  • noun
  • - a painting, drawing, or photograph of a person or thing.

childhood

/ˈtʃaɪldhʊd/

B1
  • noun
  • - the state or period of being a child.

war

/wɔːr/

B1
  • noun
  • - a state of armed conflict between different countries or different groups within a country.

family

/ˈfæməli/

A1
  • noun
  • - a group of one or more parents and their children living together as a unit.

moment

/ˈməʊmənt/

A2
  • noun
  • - a very brief period of time.

country

/ˈkʌntri/

A1
  • noun
  • - a nation with its own government, occupying a particular territory.

people

/ˈpiːpl/

A1
  • noun
  • - human beings in general or considered collectively.

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Key Grammar Structures

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