From the archive: This episode was originally recorded and published in 2021. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL’s in these archive episodes are still relevant.
Dr. Gala owns a handful of multi-million dollar companies. His longevity clinics see roughly 50,000 yearly patient interactions. He’s played basketball with George Clooney and Chess with Richard Branson. He now mentors entrepreneurs on how to eliminate taxes without moving from their home state.
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Resources
The Guardians Alliance Annual Retreat – Enhance your mindset, skillset, and connections for higher levels of achievement. Fill out the application, and get a chance to hang out with other great entrepreneurs and guest speakers, including JLD! (Sorry! This link was active when this episode was first published in 2023. This resource is no longer available.)
The Common Path to Uncommon Success is available NOW! Visit UncommonSuccessBook.com to order your copy today!
3 Value Bombs
1) The ideal mindset recognizes that life is a series of problems, and you think of it as opportunities for solutions.
2) A Magic Piggy Bank can be anything that you can put money into, it does its work, and magically comes out to the other side so that you have access to all of your money again.
3) Start to recognize that opportunity favor the bold. Take action and go for it.
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Belay: Download BELAY’s Bulletproof Budget template: the exact budget template they used to grow from a small startup to one of Inc. 5000’s fastest-growing companies for nine straight years! Just text FIRE to 55123!
Show Notes
**Click the time stamp to jump directly to that point in the episode.
Today’s Audio MASTERCLASS: Are Death and Taxes Now Uncertain? with Thaddeus Gala
[1:35] – Thaddeus shares something that he believes about becoming successful that most people disagree with.
- Not recognizing that life and relationships in business are a series of opportunities for solutions.
[3:36] – What is the first step in working towards eliminating death and taxes?
- The first step towards eliminating death and taxes is to realize that most experts aren’t always right.
- Scratch your own itch.
[5:04] – What is the ideal mindset?
- The ideal mindset recognizes that life is a series of problems; think of it as opportunities for solutions.
- Keep in mind that authority isn’t always correct.
- Successes leave clues. If others can do it, you can, too.
[8:50] -What is a Magic Piggy Bank?
- A Magic Piggy Bank can be anything that you can put money into, it does its work, and then magically comes out to the other side so you have access to all of your money again.
- As an entrepreneur, there’s a unique way you can set up a bank account that allows you to write off deposits on your taxes.
[14:06] – JLD and Thaddeus invite Fire Nation to join an annual retreat in Puerto Rico!
- Limited to 100 entrepreneurs committed to making more money, having more free time, and maximizing their health for their family and team.
- Be a part of JLD’s guest list! The Guardians Annual Retreat – fill out the application and get a chance to hang out with other great entrepreneurs and guest speakers, including JLD! (Sorry! This link was active when this episode was first published in 2023. This resource is no longer available.)
[16:37] – A timeout to thank our sponsors!
- HubSpot: Meet HubSpot’s new AI-powered Campaign Assistant, a totally free-to-use AI tool tailor-made for the marketers and business builders who spend hours each day on content creation! Head to HubSpot.com/campaign-assistant to test-drive Campaign Assistant for free!
- Belay: Download BELAY’s Bulletproof Budget template: the exact budget template they used to grow from a small startup to one of Inc. 5000’s fastest-growing companies for nine straight years! Just text FIRE to 55123!
[17:53] – Why isn’t everyone doing this?
- Not everybody is doing it because if people do not pay for it, they do not pay attention. Thaddeus does not give out the guest passes for free – there is a small fee.
- People tend to overestimate their abilities and under estimate other people.
- It’s a matter of mindset. You are the average of the five people you spend the most time with.
[23:31] – How can you automate Health, Wealth, and Impact?
- You can automate Health, Wealth, and Impact by looking at the environment.
- The environment is everything. It is the single most significant predictor of human behavior.
- Surround yourself with the type of practitioners and experts that you want to be like.
[27:21] – Thaddeus’ parting piece of advice for Fire Nation
- Fast-track your success in health, wealth, and philanthropy by surrounding yourself with the right people.
- Join Mastermind groups.
[29:43] – Thaddeus’ call to action for Fire Nation
- Join The Guardians Alliance on April 14-17 at the Caribe Hilton Hotel. (Sorry! This link was active when this episode was first published in 2023. This resource is no longer available.)
- Listen and be inspired by the power talks from excellent speakers on April 15 and 16.
- VIPs will have a break-out session.
[32:15] – Successful people look at problems as opportunities for solutions.
- Opportunity favor the bold. Take action and go for it.
[36:06] – Thank you to our Sponsors!
- HubSpot: Meet HubSpot’s new AI-powered Campaign Assistant, a totally free-to-use AI tool tailor-made for the marketers and business builders who spend hours each day on content creation! Head to HubSpot.com/campaign-assistant to test-drive Campaign Assistant for free!
- Belay: Download BELAY’s Bulletproof Budget template: the exact budget template they used to grow from a small startup to one of Inc. 5000’s fastest-growing companies for nine straight years! Just text FIRE to 55123!
Transcript
0 (2s):
Light that spark, Fire Nation. JLD here and welcome to Entrepreneurs on Fire brought to you by the HubSpot Podcast Network, the audio destination for business professionals with great shows like The Hustle Daily. Today we're pulling a classic episode, from the archives and we'll be breaking down our death and taxes now uncertain. To have these value bombs, I brought Thaddeus Gala into EOFire Studios. Thaddeus owns a handful of multimillion dollar companies. His longevity clinics see roughly 50,000 yearly patient interactions. He's played basketball with George Clooney and Chess with Richard Branson. He now mentors, entrepreneurs on how to eliminate taxes without moving from their home state. And today Fire Nation will be talking about the ideal mindset.
0 (43s):
It recognizes that life is a series of problems and you think of it as opportunities for solutions. How to recognize that opportunity favors the bold take action and go for it and so much more.
The Gold Digger Podcast (54s):
And a big thank you for sponsoring today’s episode goes to Thaddeus and our sponsors, the Gold Digger podcast. hosted by my good friend Jenna Kutcher is brought to you by the Hubspot Podcast Network, the audio destination for business professionals. The Gold Digger podcast helps you discover your dream career with productivity tips, social strategies, business acts, inspirational stories, and so much more. A must listen episode is one of Jenna's recent on everything you need to know about affiliate marketing. Listen to Gold Digger, wherever you get your podcasts.
BELAY (1m 25s):
BELAY is passionate about helping your business succeed with their simple, flexible staffing solutions. Download Belays, bulletproof budget template for free, which is the exact budget template they use to grow from a small startup to one of Inc five thousand's fastest growing companies for nine straight years today. Just text fire, that's FIRE to 5 5 1 2 3.
0 (1m 47s):
Thaddeus say what's up to Fire Nation and share something that you believe about becoming successful that most people disagree with.
1 (1m 57s):
What is up Fire Nation and JLD? I think one of the biggest things that people disagree with in terms of being successful is not recognizing that life and relationships and business, whatever it's you wanna throw at it is a series of problems. AKA opportunities for solutions. And the sooner we realize that we're gonna have a flat tire, someone's gonna die. Not that you can't have feelings around it, but you recognize how can I work through this, whatever's in front of me and just look at it as an obstacle that you can overcome and there's a solution on the either side, life will become so much easier.
0 (2m 31s):
Fire Nation, I know you can already tell that this conversation with Thaddeus today is going to be a thinker. It's gonna make you sit down, maybe hit the rewind button a few times, listen again to what he's sharing because these are some really interesting, really deep concepts. And we're gonna be talking about a lot of awesome stuff today, specifically, which I mentioned in the introduction. We're gonna be talking all about our death and taxes now Uncertain. And you know, for me, for five years now, I can, I can tell you taxes have become very minimal, but I'm fascinated by this topic about death and taxes potentially now being Uncertain. You know, now that I've achieved a certain level of success, I am like all in on how can I extend this life in a very healthy way.
0 (3m 14s):
Like what does that look like? And there's such, so many cool things coming up in these areas. Plus fire, Nation, everybody who talks to me, like when you send me emails and you reply to my Instagram stories, you tell me how beautiful it is down here in Puerto Rico. And you're correct. It is paradise, it's gorgeous. And Thaddeus and myself are gonna have an opportunity for you to come down to Puerto Rico. Only a few people unfortunately, but a few people are gonna have an opportunity to come down and join us for an amazing, and some would even say unforgettable opportunity coming up here very, very shortly. So without any further ado, let's just dive in Thaddeus, because I wanna talk about the first step that we need to work on towards eliminating death in taxes.
0 (3m 57s):
What does that look like?
1 (3m 58s):
It's scratching your own itch. And one thing on, on the taxes is as we're gonna be talking today about how people can reduce or eliminate Taxes without having to move Puerto Rico or, or overseas or, or they can really stay wherever they want. But really I think the biggest thing is scratching your own itch. Right? So when I was 10, the doctor said my mom would be in a wheelchair the rest of her life. These are all the experts, right? She went to expert after expert, she was on full disability, couldn't work. So when I was young, I didn't have a mom. So my first career was going into natural healthcare to save my mom's life. Fast forward now, I own four clinics. Last year we saw around 50,000 patient interactions. Wow. Finishing up my PhD this year on neuroscience. And my mom's in her seventies, she just started running 5K races and now she has to find younger and younger friends to hang out with her and she's getting complete remission.
1 (4m 43s):
Wow. I think that's the first thing is we have to realize that all the experts are aren't necessarily right and, and the, and the majority isn't always right. It's like, just look at most people most of the time are wrong about most things.
0 (4m 56s):
What would you say with all of this, you know, we're scratching our own itch. We really need to figure out, okay, who are the people that we can be listening to that are aligning with our thoughts that are actually showing us results? But you know, of course it also comes down to a certain sense of mindset and you know, actually having that correct mindset, which you touched a little bit upon in the very first topic that we chatted about, you know, which is, you know, what do you believe about becoming successful that a lot of people disagree with. So what would, in your experience, this ideal mindset look like?
1 (5m 26s):
I think it comes down to recognizing again, that, that life is just a series of problems. And I'm gonna replace that word with opportunities for solutions. So I always tell my team that whenever you come to me, don't come to me with a problem. You come to me with an opportunity for a solution, which AKA means they have to come to me with the solution. I don't want them just to come to me with a problem saying, Hey, here it is. It's like, it's like Elon Musk says right as CEO, you get the worst problems. 'cause if it was easy, everyone else would've solved it, right? But I, I think the thing is, is that it's, you have to know and you have to recognize that that authority isn't always correct. And I still remember when I started making money in the clinics, finally after, you know, busting my butt for, you know, years on end. And I looked down and my CPA says, or I, I, I said to my CPA, I said, so I owe, wait, I owe a quarter million dollars in taxes, but I only have $30,000 in the bank account.
1 (6m 16s):
How, how does this work out when I'm working so hard? And I think I'm being smart and it's just like, this doesn't make sense. And he kind of chuckled and said, oh, if I had a nickel for every time I heard that. And I said, and it was right then where I went to scratch my second itch and saying, well, I know that Amazon And A, lot of other Wealthy people don't pay taxes and they do it without having to move to Puerto Rico or, you know, go to, you know, set up foreign bank accounts. All these things said, so how do they do it? So I started researching, and that was my se that's my second career. And probably for the last five or six years now, I've been helping business Owners entrepreneurs compliantly reduce and eliminate taxes living right where they are without, you know, overfunding IRAs or 4 0 1 kss or whole life health insurance.
1 (6m 58s):
But, but, but using simple basic strategies that, that are available. But it's the mindset of understanding that, that hey, success leaves clues, and if other people are doing this, there's gotta be a way for me to do this. Or, or, or, or the mindset of saying rather than saying, oh, I can't do that because of X, Y, z given my situation, but rather it's, oh, how could I do that given my situation? So it's looking at it as a solution-based as opposed to a problem-based.
0 (7m 30s):
So many things that I'm taking away here at Fire Nation, I'm taking notes religiously. So believe me, the, the show page is gonna be amazing here. But number one, look at problems. They are actually opportunities for solutions. Just had that mindset shift authority is not always correct. You need to understand that being true. And yes, success does leave clues and tha it's like when you're talking, it truly brings me back to 2015 when I had that exact same conversation with my cpa, right? I said, Josh, love you brother, but you're telling me I've gotta write a $250,000 a quarter for me, $250,000 a quarter check to the government, and I only have a couple hundred K in the bank. So it's like, like I'm, I'm paying more taxes than money that I have.
0 (8m 11s):
How is this even possible? Crazy.
1 (8m 12s):
Right?
0 (8m 13s):
Crazy. It's insane. Yeah. And so I said to him, just similar to you, I'm like, Hey, I wanna find like a legal, like real way to diminish my taxes a little bit and, and make this so, you know, I feel like I'm actually working for something like building wealth and being able to put some money away towards my future. And, you know, of course for me, you know, and just having a, at the time girlfriend, now my fiance Kate, we were living together with no kids and no responsibility saying, well, we actually can just pick up and go on a little adventure to Puerto Rico to see if that, that works out and pay 4% tax and life is good there. And that ended up working out for us. It might not have, but it did. But like tha just saying, that's not an option for everybody because you may have a brick and mortar business, you may have really, you know, steep family ties and you wanna stay around your, maybe you love where you live, that's awesome.
0 (8m 55s):
You don't wanna leave, you don't have to. And that's the point of this conversation. And you have to stick around to get more and more of this great content Fire Nation, because you Thaddeus have a phrase that I love Magic Piggy Bank. What the heck is a Magic Piggy bank?
1 (9m 12s):
So a Magic Piggy bank is, is something that I stumbled across years ago and I didn't realize I was doing it. And I probably did it for probably four or five years. And then it's one of those things, I looked back and someone said, fatties, that's, that's brilliant. Like, how, how'd you come up with that? And I, and I said, well, I don't know, just, just kinda make sense. And I think it's one of those things, right? You know, where, where, where you can kind of know where your unique ability is when other people say, holy crap, that's amazing. And you're sitting there thinking, oh, well no, it's, it's, yeah, it's, you know, it's like Steph Curry, right? He shoots, he, he shoots amazing from half court and he's kinda like, oh, well yeah, it's just what I do and everyone's crazy about it, right? So I, I stumbled across this, this concept and it, it's, it's kind of, it's kind of a boring old common concept that most people don't realize how to, how to maximize.
1 (10m 1s):
So in short, a Magic Piggy bank can be anything that you can, that you can put money into, and it does its work and then magically is it comes out the other side and you have access to all your money. Again, and I use the word Magic Piggy bank because we all know that there's no such thing as Magic. I mean, but, but here's the thing. Like Darren, what was it? Darren Brown, right? The, the great illusionist and psych. He's a master psychologist. If you, if you want a, a video to watch or a Netflix show, watch the push. It's crazy when you look at what he's, he able to do. But basically the premise of it, just as a little cliffhanger is they, they say, can you get a stranger to to, to kill an innocent person in 60 minutes if you stage things right.
1 (10m 46s):
And it's crazy. They, they video everything
0 (10m 48s):
Terrifying. Like some of the people that you see, you're like, that person would never, ever push. And they do it.
1 (10m 55s):
And the thing that I love about Darren Brown is, is when he is done with his show is, is he shows all of his tricks. And so you're like, oh. And it's like the phrase, you know, you know, any, any sufficiently advanced technology is indistinguishable from Magic. And so I say Magic Piggy Bank, but it's really just using the right strategy. So here, I'll give you one basic boring example. Let's pretend that you, that you're a farmer and let's, and I'm gonna make a lot of assumptions here and, and I'll tell you why these assumptions are important in a second. Let's say that you go buy a tractor and you're a farmer for a hundred thousand dollars. Well, you buy that tractor and, and now you get to write off that whole, that tractor. So now you just wrote that off and you just, you just deducted a hundred thousand dollars from your taxes, but now you're, you're out a hundred thousand dollars.
1 (11m 38s):
So that, okay, that's great, but you have a tractor, the tractor can go produce value on your farm and create revenue for you. Well, let's say that you, let's say that you found a, a bank or a lender that you could go and you could get a hundred percent loan on that tractor at 0% interest. Well, would you do that? Well, I'm, I'm hoping that the answer was yes, because now you have a hundred thousand dollars back in your bank account that's interest free. That is tax free money. Well, now let's say that you, now this is where it really gets Magic magical is that, let's say that now you take that a hundred thousand dollars and you say, gosh, I have a really big farm. I'm gonna go buy another tractor. So now you go buy another tractor for a hundred thousand dollars, write off another a hundred thousand dollars, and now you have two tractors creating double the value.
1 (12m 19s):
And let's say the bank would then loan again. Well, let me ask, how many times would you do that? If you could buy an asset that you could write off a hundred percent that would produce value for you and you could get that money back out of it. So at the end of the day, your NET money in your bank account is the exact same, and you have full access to that tax free forever. And that's the Magic Piggy Bank. And that's, that's one of the things that that, that I've stumbled across and created and refined, thankfully to the Cares Act that came out last year. And some of the, the, their even more recent relief bills. There's provisions in there that probably I've seen maybe one in 20 CPAs know about that you can set up, essentially, think of it like this.
1 (13m 5s):
Essentially what you can do now if you're a business owner, is you can set up a bank account that allows you to deduct, here's the thing. It allows you to deduct your deposits on your taxes.
0 (13m 17s):
I mean, Fire Nation, these are the type of things again that Thaddeus is bringing to the table. I mean, think about a one out of 20 CPAs potentially even know about this. I mean, this is why you can't trust just all authority when potentially less than 5% of them actually even know what you need to know with these new provisions that are coming live for us every single day. And you know, I love that phrase again, the Magic Piggy Bank, you know, anything that you can put money into that does its work and comes out the other side, all yours. I mean, who wouldn't wanna do this all day long? And that is, I definitely want you to, to wrap up this part of it right here before you move on to my next kind of question that I have for you, because we're gonna talk about this in length at the end of the episode, which isn't for some time now.
0 (14m 1s):
But I wanna give just Fire Nation a little tease. 'cause we tease 'em at the very beginning of the episode about coming to Puerto Rico about what you have going on, about how they're gonna be to learn some of these things like in person, in a very intimate, amazing environment at an event that, by the way, Fire Nation, I'm going to, because I need this content. Not to mention I have the honor of being able to speak at it as well. So you'll get to see me speak on stage as well. But real quick, we'll go into in-depth, Thaddeus about it later. But what is this event and how can foundation find out more?
1 (14m 28s):
This is our annual retreat in Puerto Rico. It's limited to a hundred entrepreneurs that are really committed to making more money, having more free time, maximizing their health so that they can make an impact with their family, with their team, and be more philanthropic. And I look at the entrepreneurial journey as, as different stages, right? When you first start out, you're hungry, you're, you're hustling, you're working hard, you start making money. And if you're smart and, and you're able to, to avoid paying taxes, great, then that just accelerates everything because then you just immediately get, you know, three to four months of your life back every single year. So, so what we're gonna be talking about how you can reduce and eliminate your Taxes, how you can create a self-managing self-multiplying company so you have more freedom how you can, we're gonna be talking about all things crypto we're gonna talk about.
1 (15m 16s):
I'm gonna share how I add two to $3 million of real estate to my portfolio every single year without using any of my money. And how you can do that as well. What else are we, and we're gonna be talking about philanthropy and maybe even an option to hang out with myself and Richard, Branson, And, A, few other people as well. So we have a lot of fun, fun things going on because of, of some of the hotel restrictions. We are limited to a hundred people, but I'm looking forward to hanging out with you, JLD and some of the other guest speakers that we have. It's gonna be awesome, it's gonna be great. And wherever you're at on your entrepreneurial path, you know, I, I think like we said before, I, I'd love to give Fire Nation a handful of guest passes that we've reserved just for, just for you and your, your audience. So if they're interested, we'd love to, love to talk with 'em and have 'em fill out application.
0 (15m 59s):
Fire Nation, this event is thousands and thousands and thousands of dollars. But listen, Thaddeus is my buddy. We're here in Puerto Rico, I'm coming to speak at the events. He's gifting me up to 10 passes, 10 guest passes for people that, you know, go through this application process and do qualify for this amazing event. So I definitely recommend you jumping on the application, the guardiansalliance.com/guest, the guardiansalliance.com/guest. And of course, we'll have this link in the show notes page as well. and we have a lot more coming up when we get back from thanking our sponsors.. Artificial intelligence is at the top of everyone's newsfeed.
0 (16m 41s):
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0 (17m 24s):
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0 (18m 9s):
They have the nation's largest pool of US based talent ready to work with you from anywhere and scale with you as you grow. And BELAY is passionate about helping your business succeed. So they're offering Fire Nation a free Download of their Bulletproof budget template. This is the exact budget template that BELAY used to grow from a small startup to one of Inc five thousand's fastest growing companies for nine straight years. Text fire, that's FIRE to 5 5 1 2 3 to Download the Bulletproof Budget template and streamline your business with BELAY today. So tha is, we're back and we were talking before the break about the amazing opportunity that Fire Nation has to potentially be one of the 10 individuals who get to come down here as my guest as jds Guest Fire Nation, you're gonna be part of my guest list to come down here for this amazing event, limited to a hundred people, the guardiansalliance.com/guest.
0 (19m 0s):
Looking forward to seeing a bunch of you down here. and we were talking about the Magic Piggy bank right before the break, so let's kind of like wrap up that part of it and just answer the question if this is available, why the heck isn't everybody doing this?
1 (19m 15s):
One thing? I, I wanna go back in, in full transparency. So the guest passes are there, there are 250 versus several thousand. So I just wanna be clear that there is a small fee and the reason is because if people don't pay something, they don't pay attention. And that makes sure is that when people, when we do give out the guest passes, people will show up, they have skin and game and it just covers some of the food costs. But really it's just to make sure people that we do give the guest passes too, do show up.
0 (19m 39s):
Oh, I'm actually gonna throw something else on top of this Fire Nation, if you do show up, just 'cause you came down to my island of Puerto Rico. And I love when people come down and do this. I am going to hand you a signed copy of my book, the Common Path to Uncommon Success. I'm literally gonna hand it to you, part of my audience Fire Nation on top of all of this. So besides the massive discount you're getting for your guest pass and just the awesome event itself, we're gonna get to hang out for a minute. I'm gonna sign the coffee for you. It'll be a blast. So take it away, Thaddeus.
1 (20m 7s):
It goes back to kinda my first itch that I was scratching with my mom, right? It's, I I so, so look at it like this. 73% of the population is overweight or obese life expectancy and even before Covid and all that life expectancy had dropped for the last two or three years in a row. So the problem is, is that, again, most people are wrong about most things most of the time, and that includes authorities and experts. So why aren't p everyone doing this? Well, because the vast majority of people don't, you know, they, they, they think average and, and and, and it's like, it's like that study, right? You know, it's like when they poll people, it's like 65% of the of of Americans think that they're above average. Well, statistically that can't even be true, right?
0 (20m 48s):
I think it's like 80% of Americans think they're an above average driver, which is even
1 (20m 52s):
More funny, right? Right. And, and that's, that's the problem is that when you look at something that's abstract, such as thinking we, we tend, or, or driving that, that you don't really necessarily get tested on. It's we, we, we all the, the Milgram studies after outta the sixties and seventies, Stanley Milgram found a great study. He said he found that that people overestimate their abilities and underestimate other people. People tend to overestimate and say, and think of themselves as more philanthropic, more athletic, smarter than than. So basically whatever trade it is, we tend to overthink or or think that we are, are better than everybody else on, and it's just a default. So the, but however, we have to recognize that the default state of us and humans on any subject or topic is average or below average unless we put in attentional efforts into it.
1 (21m 43s):
So I would say this, only one in 20 CPAs even has heard about this kind of concept of Magic Piggy banks. And when we teach it and we get more heady about it, it's called cashflow arbitrage, which you're not gonna find on the internet because it's a term that we coined when we, when we really magnified what Magic Piggy banks are and how it works. But it's the idea again that, you know, people social proof is like Robert Kini says, is one of the, the main drivers of human influence and behavior. People look around and if everyone else is overweight or obese, then that's gonna happen. It's the, you know, you're the sum of the five people you must surround yourself with. And if you surround yourself with, with four people that are fit, healthy, you know, are successful, well, and if you're hanging out with them, well guess who the fifth is gonna be?
1 (22m 24s):
Boom. And I think it's, it's that we're, we're in this, we're in this huge vat in the US that that is just surrounded with, and I don't mean this derogatory, but we're just surrounded with mediocrity and, and, and we get stuck in the news and all these other things out there. And that becomes that environment then shapes, molds us both physically and mentally. So when we see things that come up, we just dismiss it and I'll ask, I'll ask, you know, the Fire Nation members this, think about this. Have you ever heard Wealthy people or Amazon or Jeff Bezos don't pay any Taxes? Well, most people have, but then when I do my live webinars, I say, okay, well now how many of you, how many hours have you spent really researching how the Wealthy and how Jeff Bezos avoided paying any taxes?
1 (23m 13s):
And he, and he didn't have to move to Puerto Rico. And usually then I just get on the, on the chat, I just get a stream of just 0, 0, 0. I had one person, you know, I said, how many, how many hours do you spend? And one person put, I put negative one. I said, what do you mean? She said, I actually put time and energy into trying to actively avoid learning about taxes because it makes my brain hurt so much. So, and, and that's, that's it, right? It's the mindset, just like my mom was sick, if, if we had listened to all the experts, right, my mom would probably wouldn't be here because she even said there was one time where it was so bad where she had lost her job or almost lost her job. She was on full disability, couldn't use her arms, couldn't even do her hair anymore. She basically just sat in a rocking chair and she said, you know, if there was a pill I could have taken to end it, I would've Now when I was 10, and I'm hearing my mom say that, like, that was my first drive, my first passion was save my mom's life.
1 (23m 58s):
And now, thankfully as a result, we've helped tens of thousands of patients add 10 to 20 quality years to their life. I'm finishing up my neuroscience PhD with Dr. George Einstein, who's actually the nephew of Albert Einstein. Wow. And it's opened up so many things for so many people. And the same, my scratch, my own itch with the taxes and doing this is, is no different
0 (24m 19s):
Fire Nation. How can you not get fired up hearing Thaddeus? I mean that's why whenever this guy's down in Palmas Delmar, I'm trying to hang out with him because I want my average to be part of Thaddeus here. 'cause you are the average of the five people you spend the most time with. And you know, one thing that a lot of us do naturally wanna do Thaddeus is automate health, automate wealth. And something that's, you know, you kind of bring to the component is that once you have done those two things, you know, now it's like, well, what else? Well, what else is, let's also automate impact so we can make a big impact in this world. Break these three things down for us. How can we automate health, wealth and impact?
1 (24m 54s):
It's looking at environment because we know that environment is the single biggest predictor of human behavior, hands down period. So environment is everything. And I'm gonna go on the heels of something that Tony Robbins said that that i, I love, I'm not gonna say it exactly, but it, it's along the lines of you. You write the biggest check that you can. Now what does that mean? It means that when Tony Robbins, whenever he wants to learn a skill, it's, he writes the biggest check to fast track learning because skills learning and ability compounds more than money and so do relationships. So if I wanna be, I wanna make this real, real tangible.
1 (25m 34s):
If I wanna be, if I, if I'm a zero on the tennis player scale and I wanna become as best I can, well, how can I collapse time? Well, I write the biggest check I can and hire the best person that's gonna be the best mentor and fast track it. So, and obviously every now, whatever scale for you, that's the only thing that's relevant. You know, if you have a million dollars, great. If you have $1, great. Like, it doesn't matter, just solve a problem. So what, what can you do? And whether it's YouTube or whatever it is, how can you surround yourself with the smartest, brightest, best people so that way you're Leveraging all the benefits that they've got. And you can distill it down. So surround yourself with health, surround yourself with the type of, of practitioners and experts out there that you want to be like.
1 (26m 22s):
So look at people that are really healthy, really fit and just follow and, and do what they do and look at them as mentors with wealth, same kind of thing. Who are the people that are the most Wealthy? Just look what they did. I mean, Warren Buffet, right? One of his favorite books, the Intelligent Investor. Well, everyone knows that Warren Buffet is really rich and really Wealthy, but how many people have read cover to cover the Intelligent Investor, the number one book that he recommends? I mean, probably not too many. I mean, candidly, I haven't either because it's, it's godawful boring, horrible. But if, but if you wanna do it, just, just look at what successful people are doing and just repeat it. And in terms of impact, same kind of thing. You know, I'm a big fan of, of, of Sam Harris. And one thing he said I thought was great, he said, he said, there's a lot of people out there by no, no, no influence of their own accord are in really unfortunate circumstances.
1 (27m 12s):
So he said, if I'm gonna give a thousand dollars to the malaria foundation or, or whatever it is that, that you are passionate about, isn't that a good idea every month? So how do we take the emotional drive outta that? Because if it's good this month, it's probably good next month. So rather than having to muster the emotional fortitude to open up the wallet every month, for instance, And A for me, what we do is, is we send a thousand dollars every month to a charity that one of our team members picks. So whoever our team member the month is, we go through and we say, great, where do you wanna send money this month? Because us as an organization, we're gonna send money every single month. So we just automated our giving and philanthropy.
1 (27m 52s):
So we give to either help fight sex trafficking, sex and human trafficking, nutrition and, and hunger and malaria. Those are the three big things that, that we donate to. Plus we, last year we donated 10,000 to a runaway home girls, a girls runaway home as well. So we do bulk donations, but we also then automate every month just to try to try to make the world a better place.
0 (28m 16s):
Fantastic stuff. Fire Nation. We're talking about automating health, wealth and impact. And what it really comes down to is who are you surrounding yourself with, who are you surrounding yourself with? Fire Nation, obviously you're on this call right now, so you're surrounding yourself with two pretty cool people in my humble opinion. So keep up that heat. But I wanna use this as a perfect segue to, Hey, why don't you come hang out With over a hundred really cool people down in a really cool place called Puerto Rico Fire Nation, at least 10 and maybe more people that are listening to this right now are gonna be hanging out down here in Puerto Rico. So Thaddeus, let's talk in more detail now as we close this down.
0 (28m 59s):
Let's talk about dates, let's talk about specific things that are gonna be happening over the course of this event. Let's get Fire Nation to move.
1 (29m 8s):
I would echo what you're saying, JLD is that? Yeah, if you want, yeah. I mean, if, if you wanna fast track your, your success in health, wealth and philanthropy and that kind of natural ascension curve of the entrepreneur and the business owner, it, it really is to me. It's just surrounding yourself with the right people, the right playgrounds and the right playmates. And for me, the biggest, the biggest for fork in the road or or turning the path, if you will, for me, has been in putting myself in mastermind groups. I remember the first time I joined a mastermind group, it was with Genius Network and Joe Polish, and I sat in the room and I looked around and I thought, holy crap, I'm, I'm not crazy. Everyone else here is just as crazy as I am, which means I'm normal.
1 (29m 48s):
That's great. And so, and so, it, it really was an eye-opener for me. So yeah, I mean, stand on the giants, shoulders of giants we all see further. I mean, you know, pick, pick your, pick your cliche, but it's a cliche for a reason because it makes sense and there's, and there's there's depth to it. So yeah, I'd say if you wanna come down, we have the, the founder of Snap Fitness, Peter Totten, he's gonna be talking about how he grew from zero to I think over 900 locations in about five years. Of course. JLD, you're gonna be talking about how you make a gazillion dollars every month on autopilot, which I love. We're gonna be talking about all things crypto. So we actually have a crypto account that we've been trading, and I know right now it's a bull market, so everyone looks like a genius. But we're gonna have some crypto experts sharing live a portfolio that we've been trading specifically for the guardians to, to show where we're at, why we make trades in and out.
1 (30m 36s):
So we're gonna be going over, over crypto. We're gonna have some guest panels, we're gonna have some expert doctors that are gonna be there sharing the, the latest in, in not only stem cells, but 3D printing of organs, all kinds of awesome, awesome advancements that are out there. So you can stay up to date and know when it, when it's ready for upgrades. What
0 (30m 52s):
I think we need to know is what are the dates, what are gonna be happening over these days? And then of course we're gonna share one more time. Fire Nation, the guardiansalliance.com/guest is where you go to learn more and
1 (31m 5s):
Apply April 14th through the 17th. So typically we're telling people arrive on April, April 14th, check in, or you know, obviously if you wanna come earlier and put your toes in the sand, go for it. But, but you can come on the four April 14th. It's right on the beach at the Uribe Hilton Hotel. It's right in right in downtown San Juan, right on the beach. They have an awesome pool, awesome, awesome location there. And then we have two full days, the 15th and the 16th of awesome, amazing speakers. We have, we have some power talks so people get up there in 10 minutes and share their juiciest best, best business tip on how they can grow their health, wealth or their impact.
1 (31m 45s):
And then we have a half day on the 17th. And for, for VIP members, we have a breakout session on Saturday. I didn't tell you this JLD, but I'm gonna try to rope you in to see if you wanna, if you wanna be there on Saturday with us at the breakout session, but half day on Saturday. Ooh,
0 (31m 59s):
Sounds
1 (31m 60s):
Nice. And, and then people can fly out unless, like I thought one thing you said earlier when we were off air is, hey, if you're coming down to to the Caribbean, why not, you know, hang out a couple extra days Yeah. To get the island cruise around and, and bring their family and make, have it fun.
0 (32m 13s):
I'm gonna be honest, like Puerto Rico is open for business. I mean, obviously you're gonna be taking the normal precautions, but I mean, it is a wonderful time of the year, April to be down in Puerto Rico. It's a beautiful island to explore. You can come down, you can be, you know, as safe as you want to need to be, but this, this island's open for business. I mean, things are happening down here. We're having fun down here, we're being safe down here, we're being smart down here. But Fire Nation, make sure you are one of those people that says, you know, know what, now's the time, now's the time for me to surround myself with the right people. Now's the time for me to learn from the right people. Now's the time for me to jump up. Whatever's been happening in my life the last year, year, And A half, it's all been crazy for all of us. Let's come down, let's get some Puerto Rican sun, let's get our toes in the sand.
0 (32m 55s):
Let's go in this amazing ri Bay Hilton pool. Let's just surround ourself with awesome people for health, for wealth and for impact. I can tell you my talk is gonna blow your socks off. The other people that Thaddeus has lined up is gonna be amazing. I have no doubt that Thaddeus is gonna be able to rope me in for this VIP day, so I'll likely be there as well. I mean, Fire Nation, this is an awesome opportunity. The guardiansalliance.com/guest. So the guardians with an s, the guardiansalliance.com/guest. Take this home for Thaddeus. What else do you wanna share with Fire Nation to make sure they can take advantage of, of course this opportunity and just life in general.
1 (33m 38s):
I think really that, you know, the thing that I've seen that successful people, they look at problems as opportunities of solutions and they try to say, how can I collapse time? And how can I, how can I do that in, in the most complete and, and ideally the most complete and permanent method. So it's not just putting on duct tape, it's, it's actually putting on a new tire and it's, it's actually fixing things. So, and, and that's one of the beautiful things that we're talking about is for me, my health is automated. So, you know, I, I've done the research and, and I, I stay up with other experts out there on what I can do to, to maximize it. I mean, just to kind of toot my own horn for a second is, I mean, I, I hadn't ran in, in, gosh, in years and I gave myself four or five months and I was able to train and run a sub three R marathon.
1 (34m 20s):
Why? Because I know where the research is and I know how to, how to get people or find that, surround myself with the right people. So just like my mom, she's in her seventies and she's running and winning 5K races and she was gonna be on full disability. So it's, it's just looking at, at every problem as an opportunity for, for solution. And that successful people, they don't sit back, they take action, they jump in and they recognize that that opportunity favors the bold and they go for it.
0 (34m 44s):
Opportunity favors the bold and Fire Nation. Just once again, this is going to be an epic event. I mean, I'm literally looking at the page right now and I'm like, why can't this be literally this coming weekend because it looks like it's gonna be so much fun. Opportunity does favor the bold. This is a $3,000 opportunity that's you're getting for $250. Thaddeus first came to me and said, Hey, we can offer, you know, your audience five guest passes. I said, brother, make a 10. It's Fire Nation. I want to double that. I want to get at least 10 of you down here at Fire Nation to take this next step into this next version of your life. That's what I'm fired up about. And Fire Nation, you know that I end every episode this way, which is why I love that Thaddeus was bringing this up multiple times.
0 (35m 28s):
You're the average of the five people you spend the most time with. You've been hanging out with TG and JLD today. So keep up that heat and Thaddeus, thank you brother for sharing your truth, your knowledge, your value with Fire Nation today. For that we salute you and we'll catch you on the flip side.
The Freedom Journal (35m 45s):
Hey, Fire Nation. Today's value bomb content was brought to you by Thaddeus and successful entrepreneurs accomplish big goals, which is why I created the Freedom Journal to guide you in accomplishing your number one goal in just 100 days. And we're talking step by step. So visit the FreedomJournal.com, use promo code podcast for a $15 discount as a thank you for listening to my podcast. And I'll catch you there or I'll catch you on the flip side.
The Goal Digger Podcast (36m 11s):
The Goal Digger Podcast hosted by my good friend Jenna Kutcher is brought to you by the Hubspot Podcast Network, the audio destination for business professionals. The Gold Digger podcast helps you discover your dream career with productivity tips, social strategies, business acts, inspirational stories, and so much more. A must listen episode is one of Jenna's recents on everything you need to know about affiliate marketing. Listen to Gold Digger wherever you get your podcasts.
BELAY (36m 36s):
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Killer Resources!
1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!
2) Free Podcast Course: Learn from JLD how to create and launch your podcast!
3) Podcasters’ Paradise: The #1 podcasting community in the world!