Patrick Bet David, Lesson's Learned From...

Today, I am grateful to have here with me, someone who went from a humble beginning as a young immigrant escaping war-torn Iran with his parents, to founding his own company, Patrick Bet-David. Patrick has gained a first-hand understanding of what rags-to-riches means and how it is fueled by freedom and opportunity – the core tenants of the American Dream.

Patrick’s amazing story starts with his family immigrating to America when he was 10-years old. His parents fled Iran as refugees during the Iranian revolution and were eventually granted U.S. citizenship. After high school Patrick joined the U.S. military and served in the 101st Airborne before starting a business career in the financial services industry.  After a tenure with a couple of traditional companies, he was inspired to launch PHP Agency Inc., an insurance sales, marketing and distribution company – and did so before he turned 30.

PHP is now one of the fastest growing companies in the financial marketplace. Patrick is passionate about shaping the next generation of leaders by teaching thought-provoking perspectives on entrepreneurship and disrupting the traditional approach to a career.  Patrick’s popularity surged and created a buzz in the hearts of entrepreneurs all over the world when The Life of an Entrepreneur in 90 Seconds, a video he created, accumulated over 30 million views online (It became a book in June 2016: The Life of an Entrepreneur in 90 Pages ).

That video and scores of other videos comprise his library of edifying, educational and inspirational content about entrepreneurship – all available at Valuetainment, a media brand he conceived and founded. Valuetainment exists to teach about the fundamentals of entrepreneurship and personal development while inspiring people to break from limiting beliefs or other constraints and achieve their dreams.  It has been referred to as “the best channel for entrepreneurs.”

In this episode, Patrick opens the show diving deep into his story and revealing what it was like to have a relationship with the late, great Kobe Bryant. Patrick explains how the coronavirus pandemic can actually be an opportunity – for instance; his business set a record-breaking month in March. Then, Patrick describes the importance of health for entrepreneurs and why he loves to hire people who have a chip on their shoulder. Stay tuned as Patrick speaks about discipline, writing down your goals, and asking the right questions. Don’t forget to order Patrick’s latest work, Your Next Five Moves.

// E P I S O D E   S P ON S O R S 

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[00:25] About Patrick

• Patrick grew his insurance company from 66 agents to 14,000 agents with 130 offices.
• On the side, Patrick started a YouTube channel. The channel numbers grew to a couple of million subscribers. In the beginning, he would talk about all sorts of things, and it wasn’t practical. He thought about the one word that he knew the most about – it was capitalism and entrepreneurship. The number one word became “entrepreneur.”

[04:45] Lessons Learned from Kobe Bryant

• Kobe and Patrick spent an hour talking about life. He spent fifteen minutes with his son and another fifteen minutes with his wife.
• Kobe is simple. He has a level of clarity and focus that none of his peers have.
• What’s the most significant difference between Kobe and Jordan? Jordan never worked as hard as Kobe did. Kobe wasn’t as talented, so he had to work harder.
• After the interview with Kobe, a relationship started between him and Patrick. Unfortunately, Kobe died before they could start their next endeavors.
• Watch the interview that Patrick did with Kobe Bryant: Kobe Bryant’s Last Great Interview.

[13:45] The Coronavirus is an Opportunity

• Patrick says his business has increased exponentially because of the coronavirus.
• Immediately, Patrick converted all of his presentations to Zoom.
• Because they pivoted quickly, Patrick ended up having an advantage.
• In March, PHP had a record-breaking month.
• After researching the virus, Patrick was calm and used his confidence to be there for his team.

[19:50] How Important is Prioritizing Health as an Entrepreneur?

• Twice a week, Patrick hires a yoga instructor to do yoga with his employees. Plus, they also have a fully stocked gym.
• The bigger the vision, the more energy you require. The more energy you require, the closer attention you need to pay to your health.
• If you get sick for a week, then you lose momentum.
• Without energy, Patrick wouldn’t be able to do anything; health is critical.

[23:10] Women and Immigrants Have a Chip on Their Shoulder    

• When Patrick started his insurance company, his focus was on women, Latinos, and millennials. Why? Patrick loves an underdog.
• 80% of insurance agents are men. So, Patrick wanted to create opportunities for women.
• Patrick never wants to be the Goliath in any situation. Being the David allows him to look at the blind spot of the Goliath. If you think like a Goliath, then you will be taken down by a David.

[27:10] What Does Discipline Mean to You?

• How do you judge someone’s character? Maybe you judge who someone will marry. Your friends will also be a reflection of who you are. If you have four complainers around you, then you are probably the fifth complainer.
• Patrick can’t be around someone who makes excuses.
• The same goes for who you decide to go into business with. It shows what kind of values you have.
• Patrick cares about people who say what they are going to do, and they do it.
• Discipline is tough to measure. When someone says something, do you believe they are going to do it? If yes, then they are disciplined.

[36:10] What’s Your Why?

• There are different levels of whys.
• The first level is survival. Maybe you want to make enough money to move out of your parent’s house.
• The next level is status. You need to buy something in order to fit in with your peers. It can sound shallow, but it means you’re moving up.
• The next level is freedom. What would life look like if I had $5,000,000 in the bank?

[44:00] Do You Need to Write Your Goals Down?

• Writing your goals down works for some people, and it means nothing to other people.
• Patrick is a visual person. He made multiple different vision boards.
• No two people are driven by the same thing.
• Test different things out and see what clicks.

[47:50] Learn to Ask the Right Questions

• 99% of the time, people aren’t asking the right questions.
• If you don’t have a girlfriend, don’t ask what it’s like to be a grandpa. It’s irrelevant. If you don’t have a girlfriend, ask how do I find a woman to be with long-term?
• Ask a question based on the phase you are at, not in the phase they are at.
• Ask for strategic steps.

AND MUCH MORE!

Resources from this episode:

• Check out Patrick’s Website
• Follow Patrick Bet-David
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • LinkedIn
• Watch Kobe Bryant’s Last Great Interview
• Watch Is Ray Dalio Right?
• Get Your Next Five Moves
• Join theKeto Kamp Academy 
• WatchKeto Kamp on YouTube 

// E P I S O D E   S P ON S O R S 

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Disclaimer: This podcast is for information purposes only. Statements and views expressed on this podcast are not medical advice. This podcast including Ben Azadi disclaim responsibility from any possible adverse effects from the use of information contained herein. Opinions of guests are their own, and this podcast does not accept responsibility of statements made by guests. This podcast does not make any representations or warranties about guests qualifications or credibility. Individuals on this podcast may have a direct or non-direct interest in products or services referred to herein. If you think you have a medical problem, consult a licensed physician.