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Developing Self-Discipline And Self-Control Through Martial Arts

The second thing which I think is probably the single most important thing in business and life and in any of that is mastery of discipline. Discipline is so critical. Discipline over what you eat, discipline over how you act, discipline over what you think and being able to delay gratification. So important. And martial arts one of the most important things, why I have my kid do it is because it teaches you discipline. 

It allows you to have the discipline of not striking somebody because you don't like what they said at an Oscar party or at the Oscars. It gives you it gives you the discipline to have the security to know that you're okay. That's another thing. And calmness. Knowing that you can defend yourself physically, emotionally and always gives you a sense of not only self-worth but of calmness where you can go through the world being calm knowing look, if I had to handle myself I could but I'm not going to unless I have to. 

The most chillest dudes you will ever meet are going to be bad ass martial artists because when a dude is on the mats, when a dude is in the ring, when a dude is doing that several times a week, he doesn't want to fight. Somebody could say something about his mama and he could be like, all right, well, that's messed up. You don't talk about someone's mama but you know what? It's cool, it's not worth it for me to hurt you and you walk away calm. The guys that the guys that throw punches and slaps and and hit people are the guys that are insecure. Those are not the martial artists. 

Magic Sauce of Growth - Change With Some Discomfort

We all know that in order to succeed we need to change. Change is something that most people are afraid of. Why? Change involves danger. There's some element of danger to change. Think about it, the second you were born, you risked life and death to be born. That first journey through that tunnel is a perilous one. A lot of people don't make it. 

A lot of people don't make it just that first breath. Taking that first breath is one of the most dangerous things you will ever do and it doesn't change as you grow, as you expand on your journey as an entrepreneur, as a a father, a mother, as a a student of life, as of somebody who is introspective, somebody who is growing. You know, the growth doesn't come without change and change involves danger just the way it is. 

Is It Worth Buying Extended Warranties?

It's the second thing that you should do. When there aren't that many great deals? Like the dealers are working on very small margins. So when you buy a car tell people this, it used to be you walk in on a hundred thousand dollar car. You know, 20 grand worth of margin, you could negotiate maybe 10 grand worth of margin. Now they're talking hundreds of dollars, maybe of discounts on a hundred thousand dollar car, they might be like, hey, I'll give it to you for 99 980. If you're lucky, most of the dealers aren't even negotiating and then, do they make their money on the insurance policy? 

Especially the used car dealership. I had a friend of mine in Canada and she's like, I'm not sure if I need this and I go, I haven't seen it yet, but I'm pretty sure they're going to make about a thousand dollars. Out of that thousand dollars you pay them for that, third market insurance. Now I could be wrong but if they didn't have any customer service at the dealership, it was a third party I said, no, no, beware that's a really good money maker for the dealership. It's bad for you. It was like that. Did I give good advice to my friend? Yes. Never buy the warranties, if in life, you never buy extended warranties on anything. And I'll tell you the exception. The exception is a CPO, a certified pre-owned from the manufacturer. That's different. From the manufacturer, from the manufacturer, if Toyota, you can take it to any Toyota dealership, and they will fix it, then that's okay. 

If you could take it to any Porsche dealership and Porsche will fix it for free. That's called CPO, certified pre-owned and that's a policy from the manufacturer. And you can only get it if you buy the car from a dealer and I'm not talking about any car dealer. From the dealer of the manufacturer. So a Porsche Porsche dealer, a certified Porsche dealer. Then you can get that done. That policy is worthwhile. But other than that, never buy the extended warranties and you'll make out very well in life. Because the one or two times that something does break, it'll be covered. The second exception is cell phones or when a cell phone is new, for the first year it makes sense to pay for the replacement warranty. 

After the  first year, the depreciation on the phone makes the warranty not worthwhile. And you can cancel and sometimes they replace lost phones too and that's a really handy thing for phones. Speaking of warranties, you are an amazon expert, you make tons of money than that, I heard that most of their profit that and Best Buy is from the extended warranty that you see when you start to check out, so I buy lots of electronics, my studio. And there's some things like that was that was $20. Why would I spend 4.99 to cover a $20 investment? Is that also a waste of money? 

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