457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David

Apr 4, 2021

Patrick Bet-David, a successful businessman and CEO known for Valuetainment, shares impactful lessons from his inspiring journey as a refugee to entrepreneur. He discusses leveraging pain as a motivational force and emphasizes the importance of strategic thinking, encouraging listeners to plan five moves ahead in business and life. Bet-David also highlights personal growth through adversity, resilience, and the necessity of stepping out of comfort zones to unlock potential. His insights on adapting and thriving in competitive environments are both practical and motivational.

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ANECDOTE

Life-Changing Moment

At 23, Patrick Bet-David's life changed after his father's heart attack and a nurse's insensitive comment about his father's free insurance.
This fueled Bet-David's drive to ensure his father never faced financial worries again.

INSIGHT

Pain as Motivation

Bet-David's focus shifted from partying to a serious pursuit of success after his father's health scare.
Pain and fear can be powerful motivators for change and growth.

ANECDOTE

Journey to America

Bet-David's family escaped Iran during the revolution, lived in a German refugee camp, and eventually immigrated to the US.
He arrived in 1990, picturing America like the movies, but reality differed.

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Some people are born into wealth, but none are born into success. Success needs to be earned, through pain, hard work, and perseverance.

Patrick Bet-David came to the United States during the Iranian Revolution of 1978, after already being a refugee in Germany. Patrick served in the U.S. Army and prided himself on his ability to party, but after a family health emergency, he decided enough was enough, and he became the hard-working, driven man he is today.

Now, a successful businessman, media producer, best selling author, and CEO, Patrick has a lot of wisdom to share for young and aspiring businesspeople. One of his biggest lessons: don’t waste your pain. Patrick shows how the best of the best in business, sports, or any other field are consistently putting themselves in positions where they have to fight to be the best. Patrick argues that even if you’re the best basketball player in your high school, once you go to college you may be at the bottom of the list, and once you become the best in college, you may be stuck again at the bottom of the professional leagues. This means you have to constantly change, adapt, and improve yourself to become the best of the best.

We also talk about Patrick’s book, Your Next Five Moves and how people who are masters in their skillset are thinking at least five moves ahead of their competition. Want to buy a house? What are the next 5-10 moves you could make right now to get that done. Most people do a single step, stop because it’s too hard, and leave it at that. If you want to be the best of the best, you need to think bigger and understand the importance of the sequencing of those steps.

In This Episode We Cover:

Patrick’s journey from refugee to multi-million dollar business owner
Pushing yourself to perform at the highest level you possibly can
Giving your children values instead of material gifts
Thinking five steps ahead of yourself and the competition
Going through a “Personal Identity Audit” and learning to accept yourself
Entrepreneurship vs Intrapreneurship
And So Much More!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show457

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