Kevin Palmieri
(0:00) Some of the worst advice you can ever get is somebody who is like 15 years into the journey, giving you advice when you're two years into the journey and then forgetting what it was like to be two years into the journey.
Alan Lazaros
(0:13) We are coming up on 10 years in March of podcasting, coaching, training, Next Level University, and we have to remember, we have to work hard to remember what it was like in the beginning. (0:25) Welcome to Next Level University.
Kevin Palmieri
(0:28) I'm your host, Kevin Palmieri, and I'm your co-host, Alan Lazaros. (0:33) At NLU, we believe in a heart-driven but no BS approach to holistic self-improvement for dream chasers.
Alan Lazaros
(0:39) Our goal with every episode is to help you level up your life, love, health, and wealth.
Kevin Palmieri
(0:46) We bring you a new episode every single day on topics like confidence, self-belief, self-worth, self-awareness, relationships, boundaries, consistency, habits, and defining your own unique version of success.
Alan Lazaros
(1:01) Self-improvement in your pocket, every day, from anywhere, completely free.
Kevin Palmieri
(1:08) Welcome to Next Level University. (1:14) Next Level Nation today for episode number 2,565, The Problem with Internet Advice. (1:20) This is something we have been talking about.(1:22) I don't know if we've done like an actual episode on it for a while. (1:25) There are certain things that really only work if you're already successful, and I think people forget. (1:34) Go ahead, please.
Alan Lazaros
(1:35) Yeah, but the principles do work even with small amounts. (1:41) We'll get into it, but I think you're going to go a different way than I am, but that's good.
Kevin Palmieri
(1:45) I just think that it's like, I was around some very successful entrepreneurs last week.
Alan Lazaros
(1:52) How many people in the room?
Kevin Palmieri
(1:54) 25.
Alan Lazaros
(1:54) Estimate. (1:55) Give me an educated guess. (1:56) 25.(1:56) What is the average net worth in the room?
Kevin Palmieri
(1:59) Oh, man. (2:01) Probably, well, it's some skewed. (2:04) No.(2:05) Higher? (2:06) No, less. (2:08) Net worth?
Alan Lazaros
(2:09) Not income?
Kevin Palmieri
(2:10) Yeah, no, no. (2:10) There's some earlier entrepreneurs there. (2:14) I'd say 3 million.
Alan Lazaros
(2:15) Okay. (2:16) All right. (2:18) Average income?(2:20) 400,000. (2:20) Gross. (2:24) 400,000.
Kevin Palmieri
(2:27) Yeah. (2:29) Yeah. (2:29) Top 1%.(2:30) A quarter mil to 400,000. (2:32) Again, there's a 19-year-old kid. (2:37) The kid's 19.
Alan Lazaros
(2:39) He's just getting off the ground. (2:42) Just for context for everyone, this is a success podcast, Health, Wealth, and Love, so I want to give everyone this information because the more I learn, I think it's important. (2:50) These distinctions are important.(2:51) In the US, top 1% is 450,000 gross per household income. (2:56) That's household. (2:58) Global 1%, global, meaning out of the 8.4 billion people on earth, the average, or top 1% rather, is 120K.
Kevin Palmieri
(3:09) USD, all of that's in USD. (3:11) I learned something about one of our clients who will remain anonymous. (3:14) He was mentioning how he went from $150,000 a year income to a million.(3:20) I was like, oh, shit. (3:21) Okay. (3:22) Good for you.(3:23) Good for you. (3:23) Often does not happen that quickly. (3:24) A very successful human.(3:25) Okay. (3:25) None of that, that's nor here nor there. (3:28) A lot of the people in there were essentially telling me everything we're doing and exactly how we're doing it is completely wrong.(3:37) Almost all of them. (3:39) It was like, yeah, yeah. (3:39) No, no.(3:40) I get it. (3:40) I get it. (3:41) But you've been doing this for 30 years, so do you remember what it was like in year nine?(3:47) Mm-hmm. (3:48) That's part one. (3:49) Part two, you're not dupe me.(3:50) What if you're not, what if your outcome is not what I want my outcome to be? (3:55) Mm-hmm. (3:56) That's part, that's part two.(3:57) What if my core values are different? (3:59) What if the reason I started this was different? (4:01) What if my circumstances are different?(4:03) Circumstances are different. (4:04) What if I want my lifestyle to be different? (4:05) Like, what if, what if, what if, what if?(4:07) The main one that you didn't mention is our goals are different. (4:11) I didn't say that. (4:12) I didn't say goals.
Alan Lazaros
(4:13) Oh, maybe you did. (4:14) Yeah, you did. (4:14) I might not have used the word goals.(4:15) I want to, I know I keep jumping in. (4:17) Always. (4:18) If, I got to, if, if you're aiming higher long-term, it's, you have to do, remember the 20% of the success comes in the last, or 80% of the success comes in the last 20% of the journey.(4:33) If you have a longer time perspective, they might look at your trajectory and assume you're doing things wrong when they have a lower, I have one client, I'll give context and we'll get back to you. (4:45) He was shooting for, when I first met him, a millionaire. (4:48) He was already a millionaire when I met him.(4:49) I said, okay, we got to aim higher because you're done. (4:52) You're already, you're already a millionaire. (4:53) Okay.(4:53) I know you're listening. (4:55) And, and I said, how high do you want to shoot? (4:58) We shot for, I think, a hundred mil at one point.(5:00) And then he, I realized he didn't want to grind that hard. (5:03) And it was like, yo, we, we got to lower this fucking goal. (5:06) This is, this is too much.(5:07) And he said, okay, I want to only shoot for 10. (5:09) I said, brother, 10 is too low based on your current trajectory. (5:12) You're going to be there without doing anything.(5:14) We need something that stretches you. (5:16) I mean, what are we doing? (5:17) You can literally just do just coast, not grow at all, not improve at all.(5:20) And you'll be at 10 million net worth long-term. (5:23) He said, yeah, but I want it sooner. (5:25) I want it by 50.(5:26) I was like, oh shit, we got to get to work immediately. (5:29) We have to change everything. (5:31) The goal you set changes everything.(5:33) What if the goal you set is different than the goal they set? (5:35) Which it is. (5:36) Which it is.(5:37) And, and there's called the accumulation phase and the distribution phase. (5:40) These are people in the distribution phase, kind of.
Kevin Palmieri
(5:42) Yeah, some of them.
Alan Lazaros
(5:44) But, but I think sometimes it's like. (5:46) How old are they? (5:47) What's the average age?(5:48) That was the most important question in the room. (5:50) What's the average age?
Kevin Palmieri
(5:52) 40. (5:53) Okay. (5:54) Yeah, 40.(5:55) I think the, the issue becomes oftentimes people will assume you don't know what you're talking about if you don't do it the way that they did it, because they think you should do it the way that they did it because they are further along. (6:08) And that becomes the problem where it's like, look, if you've been doing something, if you're a coach and you're just starting, I think the most common mistake is you charge too much. (6:21) Yeah, agreed.(6:22) Right? (6:23) How old are the people that were telling you this? (6:27) 40s.(6:30) Early to, early to the late 40s. (6:33) Okay. (6:34) Yeah, early to late 40s.(6:35) I thought it was like people in their 60s. (6:37) No, but I think this is the, this is the way internet advice is skewing. (6:40) Like be more successful, faster and charge more money all the time and work less.(6:46) That's like internet is the internet. (6:49) I mean, that is the data is because dude, if you want to get clicks, you have to say stuff like that, which is why I've essentially not opted out of social media, but like, I don't fucking care at all anymore in turn. (7:01) And what all I mean by that is like, I'm not doing, I literally walked down the streets of Toronto.(7:06) I got B roll and I put some text on screen. (7:08) It was like, I like that. (7:09) I fuck with that.(7:10) That's my type of post. (7:11) I'm going to put that up. (7:12) Cool.(7:13) It gets more engagement than anything else. (7:14) I do. (7:14) And it's got a little lesson to it.(7:16) Awesome. (7:16) That's great. (7:17) Love that.(7:18) I just think that there are certain things and you can jump in on the principal part, but there are certain things that really, they don't only work when you're successful, but it's the data gets skewed when you're successful because it's like, of course it works. (7:36) You have, this is why they say like, this is why the richer get richer. (7:40) Cause when you have money, it's quote unquote easier to make money.(7:43) I know it's not because it's a principle, but like if I have $5 to invest and you have $500,000 to invest, you can make more with $500,000 than I can with five at the same return. (7:54) Yeah, of course. (7:55) Same percentage, but lower numbers.(7:58) But I think that's what a lot of people are forgetting. (8:00) They're forgetting that like in the beginning, you only have limited pieces to play with same principles. (8:05) Fine, but you don't have the multiplier of time yet.
Alan Lazaros
(8:10) You mentioned someone that had been doing brand branding for 30 years, right?
Kevin Palmieri
(8:16) Yes.
Alan Lazaros
(8:17) Okay. (8:19) Imagine you started podcasting when you were seven.
Kevin Palmieri
(8:23) Be a wild podcast.
Alan Lazaros
(8:25) Okay. (8:25) You're 37, right? (8:26) All right.(8:27) Imagine you started your podcast when you were seven and you've been doing it for 30 years consistently, and then you're giving someone advice who wants to start a podcast now. (8:40) That'd be the worst thing ever. (8:42) If you aren't aware of how the economy has changed, how the internet has changed, there was no podcasts when you were seven.(8:49) I understand that. (8:49) But the point is, is like branding existed when you were seven. (8:53) So this person almost by definition is inaccurate.(8:58) Well, it also depends on who you're talking to. (9:00) That person you said was wildly inaccurate. (9:04) That person didn't give me advice.(9:06) What do you think of their advice?
Kevin Palmieri
(9:09) I didn't get much. (9:11) I mean, some of the, yeah, some of the advice I heard, I was like, I don't think that really tracks. (9:14) I think we're like missing a giant piece of it, but I would, I would like apples to apples of like what, what they would say to me versus.
Alan Lazaros
(9:22) What percentage do you think they are accurate?
Kevin Palmieri
(9:26) I mean, I don't know, 30%.
Alan Lazaros
(9:30) Nice.
Kevin Palmieri
(9:30) Okay. (9:30) So they can give you 30% of the. (9:32) I don't know what they would give me.(9:33) This is, this is somebody else that they were giving me advice to, but like, I don't know. (9:36) I just think that. (9:38) Isn't that why you wanted to do the episode?(9:41) No, not that particularly. (9:43) Oh, okay. (9:44) Just the, just the fact that people are always very quick.(9:47) I mean, think about it this way. (9:49) People want to give advice to you based on the fact that they want to help you. (9:54) Oftentimes they have forgotten where they, and how they would have needed help when they were at the position you're in.(10:00) So they just say what works for them now. (10:02) I found something.
Alan Lazaros
(10:04) Good, good, good. (10:05) I look for timeless principles. (10:10) Sorry, I was hearing noises.(10:12) It doesn't matter how old you are. (10:14) Sleep is really important.
Kevin Palmieri
(10:17) Yes. (10:17) Yes. (10:17) And I don't know, man, I think it's kind of dangerous to tell a, you know, yeah, I don't know.(10:24) You're a college kid. (10:25) You're grinding. (10:25) Like you probably shouldn't sleep 13 hours a day.(10:28) Definitely not. (10:28) No, no, definitely not. (10:30) But you should do eight.(10:32) Sure. (10:32) But you know how some people are like. (10:35) You shouldn't sleep through your fucking test though.(10:38) Get up and go to your test and take a nap later.
Alan Lazaros
(10:40) You can't sleep through your test. (10:41) Gonna set an alarm. (10:42) Yeah.(10:42) You got to provide context based on age. (10:44) Dude, I'm so glad that you feel that way because I've always, I talk about age more than anyone you've ever met. (10:51) And the reason why is because age is contextual.
Kevin Palmieri
(10:53) But I think it's experience. (10:54) I think it's experience. (10:55) I know experience comes with age, but like, I don't know, dude, when I was.(11:00) When I was 32, I had a good amount of podcast experience. (11:07) Okay. (11:08) More so than a client I had who was in his mid forties.(11:10) Like that age didn't. (11:12) Well, yeah, but the fun, but we're not talking about podcasting.
Alan Lazaros
(11:15) We're talking about sleep. (11:17) No, no, I know. (11:18) I'm talking about timeless wisdom.(11:20) I'm trying to.
Kevin Palmieri
(11:21) Timeless wisdom.
Alan Lazaros
(11:22) Timeless wisdom. (11:23) Do you know the difference between expertise and wisdom? (11:26) Do I know the difference between expertise and wisdom?
Kevin Palmieri
(11:28) No, probably not. (11:29) No. (11:31) Hit me with it.
Alan Lazaros
(11:32) Wisdom is timeless. (11:33) Meaning it, it lasts forever. (11:36) Like the drive to five doesn't matter what age you are.(11:39) That is the thing. (11:40) Are you over and you're arrogant or are you under and you're anxious that will work forever for everyone, every time and every circumstance. (11:48) Why?(11:49) Cause it, it's a self-assessment. (11:53) Yeah. (11:53) It depends on the goal.(11:54) It depends on the circumstances, all that stuff. (11:55) But like it's timeless. (11:57) The, the reason I love books, you remember same as ever by Morgan Household.(12:02) I love that book. (12:03) It's a world-class. (12:04) Unbelievable.(12:05) Why? (12:06) Cause it's timeless. (12:07) My favorite books are timeless.(12:09) And, and let me do better than just saying the same thing over and over again. (12:13) Uh, I try to give advice that is on the podcast. (12:20) At least you ever be interviewed and they ask you like these really tactical questions.
Kevin Palmieri
(12:27) You know, I love it though.
Alan Lazaros
(12:28) Yeah, I don't. (12:29) I think it's, it's like, yeah, but then none of that's going to matter in two years. (12:34) So let's just talk about what will matter.(12:36) And this is the metaphor. (12:39) TikTok might be gone in five years. (12:41) Social media won't be, uh, okay.(12:47) Walmart plus, nah, that's a bad example. (12:49) Walmart plus will probably still be around. (12:51) What's something on the internet that might not be around?(12:54) Whatever phone case you got some, uh, Casey's cases or whatever. (12:58) That might be gone, but, but, but mobile technology won't. (13:04) So, so what you do is you study the things that never go.
Kevin Palmieri
(13:08) Yeah. (13:09) But if the person got successful by studying the thing that was going to go, I have a buddy of mine had a real estate mentor and I was like, dude, you know more than this dude does. (13:19) I'm certain of it.(13:20) I don't know how to explain it to you. (13:21) You just, I'm telling you one day you're going to wake up and realize you, you know more than this dude. (13:25) Nice.(13:25) Like six months later, he's like, yeah, it happened. (13:27) Like I, I understand. (13:28) Because he got successful in a very specific time that may never happen again.(13:32) And that's, and he doesn't know that though. (13:35) Yeah. (13:36) He never, he didn't get successful in a different time to be able to compare it to the time he got successful in.
Alan Lazaros
(13:40) So let's talk about that. (13:40) How do you recognize that? (13:42) How did you, how did you recognize that?(13:43) Because I, I think that's a really important skill.
Kevin Palmieri
(13:46) How do I recognize you have to be able to recognize when someone doesn't actually know the answers, the answers he would give to questions that would have been principle based. (13:55) If the, if the answer you get is always contextual to like, the circumstances have to be this way for it to work. (14:04) Then you, you kind of know it's not a principle.(14:06) Like, like, uh, remember clubhouse?
Alan Lazaros
(14:10) Yes. (14:11) That's, that's the best metaphor. (14:12) I always try to use that example.(14:13) Most people probably don't even, I don't even know if people even know. (14:15) Clubhouse popped off for like, what a quarter, maybe three months. (14:18) It was really big.
Kevin Palmieri
(14:20) Yeah, it was fast.
Alan Lazaros
(14:20) And Emilia wanted me to go on there for relationship stuff. (14:23) You wanted me to go on there.
Kevin Palmieri
(14:24) I wanted us to go on there because our mentors were telling us what you're supposed to.
Alan Lazaros
(14:27) Well, I, I was like, no, no. (14:30) And, and our mentors, I also think our mentor is a lot less intelligent than we thought. (14:39) Um, he, I think is, is, uh, jumping on whatever people are telling him, you know?(14:44) So the internet advice travels really quick. (14:47) It's like really silly. (14:48) Like the trends are wild, but it's like, who cares?
Kevin Palmieri
(14:51) But so here's the thing. (14:52) Okay, cool. (14:53) Fundamentals last forever.(14:55) Trends are stupid. (14:56) But some of the fundamentals are, if you have a big audience, you take your audience to the next place you go. (15:02) That's it.
Alan Lazaros
(15:02) How do you know when it's a trend versus like, because there are some examples where you, you and I talked about video with podcasting. (15:08) Okay. (15:08) Let's use that as a metaphor.(15:10) It used to be audio first podcasts were audio. (15:13) People were commuting and, and, and video didn't other than Joe Rogan. (15:17) Most podcasts were audio that shifted big time around 2021.(15:23) And, and Spotify bought Joe Rogan show for whatever. (15:26) I think it's back on YouTube now. (15:27) But the point is, I remember saying, dude, we have to optimize for video now.(15:31) And we've started doing that. (15:32) That was years ago. (15:33) Skate to where the puck is going to be not to where it is now.(15:36) That's a Wayne Gretzky quote. (15:38) But how do you know when it's a trend versus an actual thing that's happening forever? (15:42) Look at the past.(15:44) Yes. (15:45) I mean, look at radio versus podcasting. (15:47) Like you used to have to tune into a certain 72.4 or whatever it is. (15:51) 98.5. And now why wouldn't I just stream it on the internet whenever I want?
Kevin Palmieri
(16:00) Yeah.
Alan Lazaros
(16:00) Right. (16:00) Remember when blockbuster, you go rent a movie.
Kevin Palmieri
(16:02) I dude, I miss those.
Alan Lazaros
(16:03) I hope it's rewinded. (16:04) Yeah. (16:04) And now it's like, click, click, boom.(16:06) Right. (16:08) So there's a big difference. (16:09) There's like three things.(16:10) There's timeless principles. (16:14) There's technological shifts in the globe. (16:16) And then there's trends.(16:18) Trends are stupid. (16:18) Yeah.
Kevin Palmieri
(16:20) But I don't know if you know, it's a trend until you're in it. (16:23) Right. (16:23) Like the only reason I know every single year, there's a trend around Christmas for a certain toy.(16:30) Right. (16:31) Furby. (16:34) Furby, Pogs, Playstation 2, Pokemon cards, Yu-Gi-Oh, Yu-Gi-Oh, Beanie Babies.(16:40) Every year. (16:40) So that's always like, you see people lining up for Furbies today? (16:44) No.(16:45) No, of course not. (16:46) But I don't, I wouldn't have known that. (16:47) Beanie Babies was huge.(16:48) I still have some. (16:49) Yeah. (16:49) Nice.(16:50) I still have some Beanie Babies. (16:51) What do you mean?
Alan Lazaros
(16:53) How do you know? (16:54) That's an asset, son. (16:56) Sure.(16:57) Real quick. (16:58) How do you know? (16:59) Let's talk about that.(17:00) I know that's not the point, but how do you know when it's a trend? (17:02) Because dude, if you trace trends, you are behind the curve.
Kevin Palmieri
(17:07) I think, I think, you know, it's a trend because it is a vehicle for the principle that comes and dies quickly. (17:15) Clubhouse. (17:16) How do you know in advance?(17:18) I don't think you do. (17:19) No, no, but I do.
Alan Lazaros
(17:20) No, no, I do.
Kevin Palmieri
(17:21) Well, then answer the fucking question. (17:23) You're asking me. (17:24) I don't.(17:25) I think I'm a bad example because I am always thinking. (17:28) I know, but teach. (17:29) So how would you teach me?(17:31) What are the context clues? (17:32) What do I look for?
Alan Lazaros
(17:36) A fence that goes up fast falls down fast. (17:40) It's like a stoic.
Kevin Palmieri
(17:41) Big tree fall hard.
Alan Lazaros
(17:42) No, no. (17:44) Also true, but no. (17:46) But you can tell by how quickly it pops.(17:48) But couldn't Clubhouse have been Instagram? (17:51) No, Instagram didn't pop as fast as people think. (17:54) I don't know.(17:55) They had 12 people. (17:56) I mean, it sold for three billion, I think. (17:59) I think Google offered three billion and Facebook offered four.(18:02) But like, which was crazy. (18:04) You talk about the distribution of wealth on that. (18:05) I think you have to study the past, right?
Kevin Palmieri
(18:07) You have to.
Alan Lazaros
(18:08) Yeah, you have to. (18:09) But that's not a fucking good. (18:10) That's not like.(18:12) I'm trying to get better at explaining things. (18:14) Okay, here's one. (18:16) Here's where we start.(18:17) Study everything. (18:18) Every trend, every economic thing. (18:20) Oh, I think it's the other way.
Kevin Palmieri
(18:22) Study everything.
Alan Lazaros
(18:23) Yeah, no, no, I know. (18:24) That's where I was gonna start. (18:25) I was gonna keep going.(18:26) Sorry. (18:26) I was gonna keep going deeper.
Kevin Palmieri
(18:27) I apologize.
Alan Lazaros
(18:27) All right, so study everything is the high order bit. (18:29) Okay, that's no. (18:30) That's too macroscopic.(18:31) Okay, let's hone a little bit. (18:37) How quickly does it pop off? (18:45) Like, does it seem like it came almost out of nowhere?(18:48) Most likely, it will also die just as quick. (18:51) Not always, but almost always.
Kevin Palmieri
(18:54) Well, unless you do deeper research and you realize it didn't come as fast as you thought, right? (18:58) I think it's you have to study the arena and you have to know where it started and then where it got its legs and then you can. (19:06) I don't know.(19:07) I guess in an. (19:08) Did you know Clubhouse would die? (19:11) Did I know?(19:12) I didn't think it would be successful based on the fact that it just didn't seem like a very good user experience. (19:17) It's like, why would you just not like jump on a call or something? (19:21) Like this is done.(19:21) It doesn't make any sense to me. (19:23) So it didn't seem like it was going to Twitter lasted, right?
Alan Lazaros
(19:26) And that seemed dumb to a lot of people in the beginning, right?
Kevin Palmieri
(19:30) Dumb to me.
Alan Lazaros
(19:31) Yeah, I mean, I was never a big Twitter guy, but obviously I think that that's what it is. (19:36) I guess is you just have to you have to pay attention to like. (19:41) Trends and anything that's a that's a slow build of years tends to stay longer.(19:47) There is. (19:47) I would love to see the stats on this. (19:48) We got to go how quickly it goes from start to popping off to finish.(19:55) I would love to see like, for example, the iPhone seemed from the outside in like it was out of nowhere. (20:03) Big success. (20:05) No, no, no.(20:06) There was MP3 players where the first little iPods. (20:09) I had the very first iPod video. (20:10) It was like grayscale.(20:13) Right, and I and I that and then the iPod took a while to take off. (20:18) And then there was iTunes and then it really took off. (20:20) And then there was the iPhone in 2007.(20:22) And then that stuck around like. (20:25) AirPods I knew would be successful long term. (20:27) Two reasons.(20:28) One, Apple doesn't play any short term games that. (20:31) How can you tell when something's a short term game? (20:33) You and I were never playing a short term game, so we never party hopped.(20:36) There was no like, oh, dude, right now, brother, you got to post this bullshit and like post this and it'll go. (20:43) I don't care. (20:45) Like, I don't care at all.(20:46) Like, that's useless. (20:47) That's like riding a wave. (20:49) That's going to burn hot and then die.(20:51) Some people pay you to know the waves. (20:55) Don't do that. (20:56) Like for our listeners.(20:57) Like, yeah, none of that is useful.
Kevin Palmieri
(21:00) I but I don't turn long term. (21:02) No, no, but like. (21:04) If you can use that as an understanding that that is a Mario Kart booster, it's not the end all be all.(21:10) You can use it strategically. (21:11) I don't think it's a bad thing, brother. (21:13) Yeah, that's a good metaphor.
Alan Lazaros
(21:14) I wish I was a Mario Kart booster.
Kevin Palmieri
(21:15) I wish I was an adult. (21:16) I would have bought 500 Furbies. (21:19) Oh, my God.(21:20) I'd be flipping them. (21:21) Come on through. (21:22) What color would you like?(21:25) I got a white. (21:26) I got a white for me.
Alan Lazaros
(21:26) I got that's not a long term play here. (21:29) Let me let me imagine you were 30 and Furbies were big. (21:33) What I would rather you do is build a company that finds these trends and sells.(21:40) Certain items in a certain unique way that would last forever. (21:44) Furbies would go. (21:45) That would be dumb.(21:45) That would be a mistake. (21:47) Like straight up like there's a big difference between an antique car company that buys and sells antique cars versus someone who loves the Model T and thinks that that's going to like be the thing. (21:58) You know what I mean?(21:59) Like one of them is something that you can sustain and compound. (22:02) The other one is just a fucking. (22:03) Well, if you're trying to flash in a pan.(22:05) If you're trying to maximize. (22:05) Yes, but you if you're not trying to maximize, you're doing the wrong thing for success. (22:09) No matter what.(22:10) It's like it's like what is that is a good metaphor. (22:13) You can't like be fulfilled and like have meaningless relationships constantly.
Kevin Palmieri
(22:19) Isn't that a D? (22:20) Okay. (22:20) So principle like if yeah, but there's levels, right?(22:23) There's like you're not at you're not you don't even know what the waves are. (22:28) One, you don't even know what the waves are. (22:30) Two, you are a victim to the wave.(22:32) Yeah, that's the now that's 70% of people right there. (22:35) Unfortunately, yeah. (22:36) Three, you are able to use the wave to your advantage.(22:42) Okay, right. (22:43) You bought you buy 10 Furbies and you're able to sell them at $500 profit.
Alan Lazaros
(22:47) Versus starting a Furby company.
Kevin Palmieri
(22:48) No, no, I didn't say that. (22:50) I know I said I would buy a bunch of them and then I would flip them. (22:53) Okay, but then you have to do that with the next thing pogs and then.(22:56) No, no, and you're in I think in this example, I'm just saying I would do that. (22:59) I'm not saying this would be like I'd be Kevin the Flipper. (23:02) Why not?
Alan Lazaros
(23:03) Then you then you can't then there's no point in buying Furbies altogether. (23:06) That's my point. (23:07) I put to me it's it's better than not.(23:09) No, it isn't. (23:10) No, it isn't because you could build a career on something sustainable.
Kevin Palmieri
(23:14) Well, let's say I have a career though. (23:15) This is just side hustle, baby. (23:18) I saw the Furby.(23:19) I saw the potential. (23:20) I was like, look, I'm going to flip some of these.
Alan Lazaros
(23:23) You'd be better off just going all in on whatever your thing is.
Kevin Palmieri
(23:26) Little squirrel on the side.
Alan Lazaros
(23:28) No, no, no, terrible idea. (23:29) For DoorDash. (23:31) Not a good idea.
Kevin Palmieri
(23:33) Interesting.
Alan Lazaros
(23:33) Yeah, brother. (23:34) Not the best idea. (23:36) What's your career in this case?
Kevin Palmieri
(23:37) I'm a fucking podcast host, baby.
Alan Lazaros
(23:39) OK, then you should double down on being good at podcasting and not flipping Furbies on the side. (23:44) Unless you flip Furbies and then talk about on your podcast and then get the Furby expert. (23:49) Now it's all integrated.(23:50) That's my point. (23:51) Like everything you do should be optimized and integrated under one true north.
Kevin Palmieri
(23:55) But I'm saying there's levels to it. (23:57) That's all I'm saying. (23:58) Like, I agree.(23:58) I think your version is the most transcendent version of Furby expertise. (24:03) You and I are on the same page there, right? (24:05) But if I want to flip 10 of them, you're not going to tell me I'm doing bad things.(24:09) I'm going to tell you you're suboptimal, though. (24:11) For sure. (24:12) I agree.(24:12) OK. (24:13) Yeah, I shouldn't be flipping Furbies to start. (24:14) Like I should do something else for sure.
Alan Lazaros
(24:16) Right. (24:17) Maybe your real long term career.
Kevin Palmieri
(24:19) You know, that's the plan for sure. (24:21) What's the goal here? (24:22) Is the goal to be maximized profitability?(24:25) No, I think the goal in this example would be like, what is something that somebody would do? (24:30) Very common for people to buy and like, dude, look at concert tickets. (24:34) Like people, they are literally have they literally have to put things in place because people know there's a concert coming to town.(24:40) They buy up 100 tickets. (24:41) They resell them for a massive profit and people can't afford it. (24:44) It's like that ends up becoming a business model.(24:47) So like that's probably what they do regularly, though. (24:50) I know, but they probably didn't start that way.
Alan Lazaros
(24:53) That's a fair assessment. (24:54) Yeah. (24:54) And then maybe they like, hey, this is a thing.(24:56) And then they probably started doing it better and better and optimizing it. (24:59) And it's not like concerts are going away. (25:01) People do that with season tickets, right?
Kevin Palmieri
(25:02) You buy the season tickets to the Red Sox. (25:04) You you're like, oh, shit, the Red Sox are good this year. (25:07) It's a box seat.(25:08) I paid 125. (25:09) I can sell each of these for 175. (25:11) I'm making 50 bucks a game.(25:12) All right, cool. (25:13) Then you realize I can buy the whole whatever. (25:15) Right.(25:16) I can buy this. (25:16) I can buy this, whatever.
Alan Lazaros
(25:17) One of them is a principle of you're going to buy and sell and flip things. (25:21) And that's your thing. (25:22) The other one is you're doing this for a little scrilla.(25:24) That's a terrible idea. (25:25) The second one is a terrible idea.
Kevin Palmieri
(25:26) If you're out there, you have Furbies handy. (25:28) Let me know. (25:29) Reach out.
Alan Lazaros
(25:30) Hey, I might take them off. (25:31) The compound effect doesn't work when you are doing things that are on that are not integrated. (25:37) And that's my point.(25:38) So I know that wasn't your point.
Kevin Palmieri
(25:39) No, it tracks. (25:40) It tracks. (25:40) I just, okay.(25:41) Look, I set the intention before we recorded this batch of episodes to make it more of like a conversation. (25:45) So it's going well. (25:47) Oh, nice.(25:48) Yeah, thus far. (25:49) I think it's hinging on argument, but conversation is where we started. (25:52) I think that's good, man.
Kevin Palmieri
(25:53) I do too.
Kevin Palmieri
(25:54) I do too. (25:54) A little drama in the show.
Alan Lazaros
(25:55) What's your takeaway before we get out everybody's ears? (26:00) Fundamentals are timeless and they compound. (26:02) And then you can use trends to integrate and orchestrate in alignment with what your true North is.(26:09) But yeah, you definitely want to have some sort of guiding North star. (26:13) And when you do that, make sure that North star is in alignment with where the world is headed. (26:18) Like if you're in, what's a good example of an industry that's completely gone?(26:24) Blockbuster is a good example. (26:25) Like if you're in, you know, video rental stores, like you have to pivot. (26:30) There's no choice.(26:31) You have no choice. (26:32) But if you love horses, you know, there is still a market for that. (26:36) It's just much less than it used to be before cars.(26:38) Right? (26:38) So, so you have to understand the implications of what you choose. (26:42) That's my takeaway.
Kevin Palmieri
(26:44) My takeaway would be oftentimes when people ask me for advice on stuff, I feel like I'm not giving that much value when in reality, I don't know. (26:53) I think so. (26:54) I'm trying to give the right amount of value for the person where they are.(26:58) Like I'm always trying to be contextual and say like, it doesn't really matter. (27:02) I learned a lot this week about this thing. (27:04) It doesn't, you're not there yet.(27:05) You don't need that. (27:06) It's going to be, if anything, that's just going to distract you from the stuff that matters. (27:10) Matters.(27:10) You don't need to know. (27:12) If you don't know how to make an egg, you probably don't know, you don't need to know how to make like a $5,000 omelet. (27:18) Like you don't know how to cook an egg yet.(27:20) You don't have to worry about putting ham and cheese and whatever else in there.
Alan Lazaros
(27:23) Yeah. (27:23) Don't let the fluff on the internet distract you from the fundamentals of the now.
Kevin Palmieri
(27:28) The fundamentals of the now. (27:30) Another great band name. (27:32) You're on today.
Alan Lazaros
(27:35) Fundamentals of the now. (27:36) Yeah. (27:36) Well, bands are going away, so.
Kevin Palmieri
(27:38) Well, they are. (27:39) No, well, AI is taking them. (27:41) Oh, come on.(27:42) What do you mean? (27:43) We're going to go right back, baby.
Alan Lazaros
(27:44) We're going to go back to you.
Kevin Palmieri
(27:45) I think we are.
Alan Lazaros
(27:46) You'll see analogs coming back.
Kevin Palmieri
(27:48) No, we already are.
Alan Lazaros
(27:48) People are getting sick of digital.
Kevin Palmieri
(27:49) For sure.
Alan Lazaros
(27:50) All right, cool.
Kevin Palmieri
(27:50) But again, how do I know that? (27:52) I've just bent attention. (27:53) You're a big chungus.(27:54) If you're out there and you are trying to get really good advice and not advice, it's actually coaching and mentoring. (28:01) Reach out to Alan. (28:02) Behind the scenes, it's a different game because you know exactly where somebody is.(28:05) You know, to a very high degree, what they know and what they understand. (28:09) And then maybe most importantly, you know what they want and how hard they are willing to work for it. (28:13) Reach out to Alan for coaching.(28:14) And the next level fitness accountability, three rep max challenge, strength challenge, whatever the freaking name is, starts in eight days.
Alan Lazaros
(28:24) Next level three rep max strength challenge.
Kevin Palmieri
(28:28) It's nice. (28:30) Maybe you are new to the gym and you're new to weight training. (28:33) Whatever it is, like we want to have a consistent group of people moving in a direction of momentum.(28:41) 20 people signed up right now. (28:42) I love it.
Alan Lazaros
(28:43) We got 20 people.
Kevin Palmieri
(28:44) I love it. (28:44) I'm already training. (28:45) I'm already working on it.(28:46) I'm going to get my shit together.
Alan Lazaros
(28:49) If you don't know what that is, just ask. (28:52) Please. (28:52) Courage.(28:53) One courageous moment can change your life.
Kevin Palmieri
(28:54) Courage. (28:55) Just ask. (28:56) Reach out to Alan and or myself.(28:57) We will let you in. (28:58) Free WhatsApp group. (29:00) On the gram.(29:01) All right. (29:01) As always, we love you. (29:02) Appreciate you.(29:02) Grateful for each and every one of you. (29:03) If you are as committed as you say you are to getting to the next level, make sure you tune in tomorrow because we'll be here every single day to help you get there. (29:09) Keep leveling up to reach your full potential.(29:11) Thanks for joining us for another episode of Next Level University. (29:15) We love connecting with the Next Level family.
Alan Lazaros
(29:18) We mean it when we say family. (29:20) If you ever need anything, please reach out to us directly. (29:23) Everything you need to get ahold of us is in the show notes.(29:27) Thank you again.
Kevin Palmieri
(29:27) And we will talk to you tomorrow.