100. How to Align Your Relationships and Your Business with Patrick Bet-David
“Competitive, ambitious, lazy people are the most dangerous people you’ll ever befriend in your life.” – Patrick Bet-David
On this episode of The Leadership Locker, Valuetainment Founder and CEO Patrick Bet-David joins Rich to talk about balancing family and business, and gives advice for those considering entrepreneurship. Listen in as Rich and Patrick discuss business partnerships, dealing with competition and envy, and how to think differently from your peers.
Patrick Bet-David (born 1978) is an Iranian-American entrepreneur and financial advisor. He was born in Iran; his parents were of Assyrian and Armenian descent. His family was eventually emigrated to the US when he was 12 years old. After high school he enlisted in the US army and served with the 101st Airborne Division. After leaving the Army he got a job at Morgan Stanley. In 2009, he launched a website called Saving America and later a radio show broadcast in Los Angeles. Later that year he opened a financial services agency called PHP Agency.
00:19 – Intro
03:20 – Rapid fire questions
08:32 – Patrick’s early struggles
12:56 – Patrick’s advice for young entrepreneurs
14:37 – Business partnerships
18:48 – Balancing business and family
26:10 – “Expert processors solve a problem permanently”
30:47 – Competition and envy
34:48 – How to think differently from your peers
38:10 – “Who is the richest person you know?”
38:38 – Should you be an entrepreneur or intrapreneur