You need patience – Gary Vee
You need to not be patient – Ed Mylett
You can’t be broke and happy – Grant Cardone
You can be broker and happy – Ed Mylett
Who’s right in these battles? The answer is they’re all right.
Gary Vee’s idea that you need patience is true.
Many people try something, it doesn’t work, and they give up. Gary is saying to “not give up” more so than he’s saying to be “patient” as in “to wait.” But with patience means persistence, which means not giving up, which usually means success.
Ed Mylett’s idea that you should stop being patient is true.
In the gym, a lot of new comers warn of “over training” and talk of “you grow when you rest” and other ideas (excuses?) that make them feel good for not going full throttle. A new comer is going to experience no where near enough exercise to truly be in jeopardy of overtraining. Many bodybuilders spend hours every day in the gym.
Restated: Stop worrying about overtraining if you’re new to the game – you’re likely not going to come anywhere near close enough to overtraining.
In the same way, you should stop worrying about being patient. You’re no where near moving fast enough that you need patience. You need patience to buy a billion dollar sports team, but you may not need so much patience to build a skillset that allows you to work a job you love and quit the one you hate.
You should absolutely be impatient for that.
Patience allows you to not give up and Gary is speaking to his crowd full of people just starting out that feel that it’s easy to quit or feel angry that they’ve “put in 1 year of work and wondering why they’re not filthy rich yet.”
Patience allows for planning, perspective, and drops the sense of entitlement that a lot of people have.
Lack of patience allows for getting moving faster, not being content with just giving a tiny bit of effort and saying “the rest will come with time.”
You need balance between both these ideologies.
Next…who’s right about money and happiness – Ed or Grant?
Grant Cardone says you need money to be happy. Ed says you don’t need money to be happy in this interview on YouTube.
Grant is saying you can’t be dead broke, meaning no money in the bank account such that your basic needs aren’t taken care of (eg. you’re homeless, scared on the streets, hungry, filthy, etc).
Grant’s right – you need enough cash (or control) to not be in fear of your survival to be happy.
Ed’s saying that you don’t need to have tons of cash to be happy, his definition of broke is probably making $20k a year, and/or not making anything but basically having the benefits of cash (eg. other people take care of you, like Mother Teresa). Also if you’re rich and your health is terrible, you’re less happy than if you were “broke” (eg. making $20k a year) but healthy.
Ed’s right – you don’t need a ton of cash to be happy.
People often want a guru to be right all the time, but it’s very unlikely that we see that usually due to 1 problem that plagues most conflict:
The definitions of the words they use are different depending on who they’re speaking to (someone just starting out on their journey needs to hear that patience is a good thing, vs someone that’s succeeded a bit needs to hear that patience is a bad thing) and the words themselves mean different things to the person saying them.
“Broke” to Ed Mylett is $20k a year,
“Broke” to Grant Cardona is $0k a year (and no one is helping you either).
“Patience” to Gary means more “have perspective and don’t give up,”
“Patience” to Ed means more “start accomplishing as much stuff that you can, as fast as you can.”
Therefore, consider 2 common points of conflict:
1 – The meaning of the words wasn’t the same.
How many conflicts have you been involved in where what you heard said wasn’t what the person meant? If Ed asked “What exactly do you mean by broke,” he wouldn’t have discovered he didn’t disagree with Grant.
2 – The statement heard may not have been intended for us specifically.
How many times did we hear advice that sounded “wrong” but really was wrong for us specifically because they didn’t know precisely our situation?
It’s hard to ever be fully right, and hard to ever be fully wrong.