Sunday, February 18, 2024
As entrepreneurs, we’re constantly put in high-pressure situations that require our best performance.
Often, these situations can arise with little to no preparation time.
Having been in a number of these situations myself I’ve found that I’m always looking for new tricks to help me always show up as the best version of myself.
Which is why I was excited to meet Anmol Singh.
Anmol is considered the leading expert in the Trading Psychology space having helped thousands of traders all over the world dealing with Psychological and Behavioural issues that arise when high stakes on are on the line. He brings a unique view on Success and shows how the same concepts that he has used to Help Million dollar traders are applicable to our day to day lives, irrespective of the industry or career they are in.
Discover:
- Personal recharging strategies for creatives.
- Managing your emotions in stock market trading
- The importance of checklists for entrepreneurs and traders
- Aligning work with personal values for maximum motivation and success
I can say without a doubt that I’ve already implemented some of these techniques and just had one of the best months of my professional life, more than doubling previous months!
Don’t miss this amazing episode!
Links
Buy "Prepping for Success" https://preppingforsuccess.com
Learn more at https://www.adamliette.com
Activate The Warrior Within https://www.adamliette.com/awaken-the-warrior
20 Business Owners Lives Will Change In 2024...
...And I’m Personally Inviting You To Be One Of Them!
Transcript
Adam Liette
What's up some good operators Welcome to this show. So good to have you as you know, our lives. This life that we've chosen is not for the faint of heart. It's not for someone who wants just everyday to be the same. Who wants a cookie cutter type of lifestyle, we live a life of some, let's just call them high pressure situations. We're constantly dealing with stress, the anxiety of living this entrepreneurial life, but also the fact that a lot of us have teams and we're, we feel the pull and the and the pressure on us. And, honestly, do you want it any other way? I don't. And I don't think you do either. This life chose us, they chose us for a reason. That being said, taking deliberate actions, to better yourselves to prepare yourselves, for dealing with high pressure for dealing with the anxiety that's going to accompany it. It's not just what you're doing in the here and now what you're doing the 10 minutes before the meeting, but how you're actually living your life, the things that you're doing to prepare yourself for that moment, when you gotta turn your game face on when you got to attack. When you got to climb that mountain, lead your team and take the initiative, man, that's what it's all about. And I live my life for those moments. Which is why I'm so excited to bring on our guests. today. I have Admiral Singh Admiral is considered the leading expert in the trading psychology space, having helped 1000s of traders all over the world, dealing with psychological and behavioral issues that arise when high stakes are on the line. Sound familiar? So he brings a unique view on success and shows how the same concepts as used to help million dollar traders are applicable to our day to day lives, no matter what industry or career you're in. He's also the author of prepping for success, which is gonna be linked in the bio, and I've taken a look at before this meeting. So great to have you on. Well, how are you doing today?
Anmol Singh
Thanks for having me. Looking forward to chatting with you having a great day. What about you?
Adam Liette
Oh, man, it's well, you know, it's January. So we're all kind of freezing right now, pretending that we're not cold. But you know, it's it's what it is. The kids are all like, can we get snow? I'm like, no, that sounds like a terrible idea. What? I just want to go back to where it's warm again. Yeah, but that's what it is.
Anmol Singh
I hear your same thing in New York, you know, it's gonna freeze and you got to think twice before you head out.
Adam Liette
I'm sure. Yeah. Good deal, man. Awesome. So we were chatting previously, and like, we've done a lot of the same globe trotting, that kind of brought us to this digital nomad kind of lifestyle. I'd love to hear more about your background, like what brought you to New York and into this space that you're in? Yeah,
Anmol Singh
definitely. New York was like a childhood dream. You know, like, I think I don't know about you, but I think most men at some point, think about, like those skyscrapers, those tall buildings. And for me, it was kind of like motivating, for some reason, you know, I just looked at it. And just like, there's world, you know, when I was in India, so that's where I was born and raised when I was in India, you're looking at New York, like, the perception is completely different. You think of this magical world is like going on these tall skyscrapers. And we don't get that, you know, in India, at least, or even most countries, right? Like some cities will have it. But most countries don't New York's a beast of its own. So for me, it was like a childhood dream. I always wanted to go there. I don't know why. But I just kind of felt pulled into it. And then later on in my career, I kind of got into the stock market and started trading. And then I was like, if I'm going to do this for a living, then I might as well move to the hub of a ride on Wall Street or move to New York, even though you need to you can do it online these days. But that's kind of what my goal was just to live that fulfill that goal that I had. And that kind of got me to New York.
Adam Liette
Awesome. Yeah, there is something to be said about, like the man, that magnetic city of the big cities like there's, there's a feel there's like a beat or rhythm to it, that you just don't find elsewhere. I haven't lived in New York personally, but I've lived in Jakarta. And that has kind of that same kind of feel to it. Where it's just like, you're just always surrounded by things.
Anmol Singh
Yeah, 100% That's definitely the thing in New York, because I've been thinking about moving to be honest. Like, I've been in New York now for a while thinking about maybe I should get some more space, move out, get a house, you know, get settled in, so to speak. But then every time I look at it, or I traveled somewhere, still want to come back, like you know, like to New York, because it's the energy. You know, it's a lot going on, no matter what time it is, no matter what day it is, no matter if it's a holiday or not the city's busy everything's going on. Whatever your interests are, whatever you're into, you can find something to do here for that and it's also just, you know, it's good seem like people around you know, you feel like you're not alone in this world. To look outside. They're just people is everywhere living their own lives. Every building has 1000s of condos and thought have offices and there's 1000s of people in there. I mean, that's a lot of people. So I think it's that energy that keeps you wanting to go and get more. Right. There's always a taller building, there's always a better apartment, there's always a better condo. It's always a better view. So that energy, I think, keeps you going.
Adam Liette
Hmm. I think it's interesting, like having the digital nomad lifestyle, but also wanting to be surrounded by people. It's, it's quite a dichotomy.
Anmol Singh
Yeah, it's like, like meeting new people. You know, like, I think you meet new people, you get new conversations, new topics, new discussions, things that you normally might not talk with your friends, right? Are you certain friends, you're going to talk about the same things most of the time. But in meeting new people, for me is like a expand my worldview, I learned something new every single time I travel or meet people. And but yeah, you're right, though. You want to travel by yourself, do the solo travel. But then you also want people around, when people around you don't want to deal with them, we just want them around. You know, that's what it was, thanks to.
Adam Liette
Well, I don't know how you'd feel about where I live. I'm in very rural Ohio. And like one of my personal favorite things to be away from people entirely, where I'll go out to the woods with my rifle or my air bow and arrow to just go about deer for the whole day. Just because that silence is, it's kind of like the complete opposite of needing to be around people like I found I need to be completely away from people for periods of time. And that's kind of like my recharger. But it's I think it's interesting how, like, our different personalities and our different experiences lead us to like needing that like externality in our lives to bring balance to what we're doing in our day to day.
Anmol Singh
Yeah, and I'm kind of with you, I have my periods too. I think that's one of those things like I, that's what I always just stay in New York for like, maybe 3456 months, then I'd go travel, and I'd go do my own thing, you know, and then I'll get my little solitude, I'll get my battery, recharge my batteries, right, get some alone time. And then I'll come back, and I'll do it again. So for me, what I've noticed is when I travel, like sure I can work online, I work online, so I could do everything online while I'm traveling. But I still, I don't push as hard in the company or my business. But I'm traveling, like I'm getting the work done, like I'm moving along the motions, but you're not pushing the needle forward. Whereas when you're in just one place, I think that's where you push the needle forward. But But I do the same thing as you, you know, like, I will have periods where let's say I've been to three months, I haven't been out of New York City, I'll I'll drive upstate, right to three hours drive upstate, go go to Connecticut, or go somewhere in upstate New York. Or, usually I go to Catskill Mountains, right? Get a nice little cabin there isolated in the forests, just a small little cabin, nothing, there's just a bed and a little kitchen, right. And then I'd get that and that's how I would spend like a weekend there, just not taking my laptop, just taking my books, my headphones, and then I'm out. I think that, for me is a good enough thing where I recharge for a weekend and I come back to the city. And then at household, I'm gonna get back on it again.
Adam Liette
It's really interesting. And I love that, thank you for sharing that. Because it's, it's cool to, to know, like what you need to do to recharge, but also like the idea that our surroundings and like, not just like what's in our room, but like the physicality of where we're at, has an impact on our pace on the tempo that we're able to do in our business. And I've never really thought about that way, thought about it that way. And that there is a direct correlation to like where we're sitting physically to how hard we're able to push in our jobs, onto
Anmol Singh
present, you know, because you're gonna need to own space, you feel most comfortable. And plus, you're there. So you can get a lot of stuff done. Whereas when you're traveling, there's always something in the back of your mind. And you're just trying to get the task completed. Right, but you're not doing a lot of things, because you gotta go out, do you have things to attend to? You want to places to see? So I think, you know, that's definitely one of the things that I noticed that I was getting a lot of stuff done, but you know, I wasn't hitting a new level. And it felt to me that I'm being a little complacent. So that so I was like, alright, this year, I'm gonna stick around, kind of try to move the needle forward, not just get the basic tasks done to sustain the business. But now, what are we doing about it to get it further. So I think, for me, that's why having a location definitely helps. And we've seen that even actually look at the statistics online with work from home and all that stuff that's happening, companies have now come to the conclusion that employees and the companies were way more productive when they're actually at an office versus when they were remote. Right, because a lot of people are not used to working remote. When you're working remote. You need a lot of self discipline, because there's no supervising telling you what to do. There's no boss telling you what to do. You have to tell yourself what to do and make the best use of your time. But companies have now discovered that it was way better and way more productive when everybody was at the office because these ideas sharing, like we miss those little things where you're with your colleagues having a cup of coffee you in the break room, you're chit chatting, not only do you get that social interaction and the social fix, so you don't feel isolated or alone. But then also ideas This guy says something, this guy says something, right? We're bouncing ideas. And an idea is developing into a bigger, much bigger, better idea. Whereas if you're just by home, you come up with the idea. Nobody bounced it off. That's the idea. It never grows or evolves.
Adam Liette
A whole generation of people's throwing stuff at their computer now at the thought of going back to the office, yeah,
Anmol Singh
and then recording it and putting it on tick tock. Yes,
Adam Liette
indeed. I haven't been in an office in a long time. So I have no idea what that's like anymore. Because it's, it's been remote, but I appreciate what you said there. Like the amount of self discipline it requires to be fully remote. It can't be understated. And when people tried to like flip that switch, like, oh, I'll just work in my bathrobe like, bro, that doesn't work. That does not work. And people look at me like I'm crazy. Because even being remote, even like, in a day, when I wouldn't have a zoom call, like this, obviously, it's an audio show. But I'm wearing a black shirt. Why am I wearing a black shirt because I wear a black shirt every single day. It's my uniform, saying I shave? Exactly. I shaved my face every day. Even Wow. Like I've been doing this since I was in the military. So just stay with me. It's part of my identity. It's part of like, something as simple as running a razor across my face, gets me prepped for my day, it puts me in the place where I can have success. And I think that's something he said about that with remote work. And the idea that you still have to show up. You still have to be present in the moment as part of preparing yourself to be the most successful you can be during the day. 100%
Anmol Singh
I mean, you're spot on with that, you know, like it affects your mindset completely. I mean, sure, you can work in your bathrobe, you can work, you can get this stuff done. But you're not going to be at your highest level, right? When you're not getting there. And I mean, rugby, my business partner is exactly like you, he said the same look as you forever, right? He's like, Hey, I don't have to think about what my hair looks like, if I'm gonna go on video, I don't have to worry about my hairstyle. So he's the exact same way my business partner on site. But same the same way what I totally agree, because every guy can relate to that, at some point in your life, you put on a suit, maybe even at somebody's wedding that you were attending, how good that you felt, when you were dressed in a suit, you felt more confident, you felt more taking a charge versus if you just show up, let's say at an event, and you're just wearing you know, boxer shorts, or like a plain t shirt. Sure you can get to the event, you can go through the event, but you're not going to feel your best. So same way with work at home is like you know, make sure it's a uniform. Same way black T shirt is my uniform majority of the podcasts or anything that I've done. And the black T shirt might be different ones. But there's still the same black T shirt.
Adam Liette
Yeah, I always have to preface that to people. It's not that I have just one shirt. It's that I bought like 30 of them. Right? So I don't have to think about this anymore.
Anmol Singh
Yeah, I'm with you on that.
Adam Liette
So cool. Well, we talked a lot about like success at home and that I want to circle that around to the vision, mission and vision. Sorry, mission and vision behind prepping for success your book. So what inspired the creation of that? What made you want to put that out into the world? Yeah, so
Anmol Singh
you know, since childhood, like I've been, like obsessed with the idea of getting to our full potential, being the best version of ourselves being better. And just like that psychology aspect, like I would just, like have been super curious since childhood. You know, like I born an introvert, super shy when I was early on. And like I wanted to just get better at everything, right? I wanted to get better with confidence with self confidence, you know, with speaking everything. So I kind of embarked on this journey of like, personal development, and especially when I got into trading, then I learned like you learn all your emotional flaws, right? Because money is involved, like gamblers mentality can come into. So like I learned a lot about that. And it was a biggest personal development journey ever embarked on, which led me to, you know, attending seminar after seminar workshop after workshop, taking a course after course, going to Tony Robbins going into this go into that by hiring coaches, hiring mentors, going to retreats, you know, spiritual awakening retreats, all the stuff that I had done by just to try to figure out the human psychology and usually for myself, but then obviously, I realized not everybody has the time or the energy to a attend all of this stuff and be even have the money to attend all of that, like those things, combined the hundreds of 1000s of dollars that I've spent on myself, right and continue to do till date. So I realize that not everybody can get that. So this book originally I wrote actually just for myself, notes for myself, out of everything that I've learned, here's the things 10 Things that I need to do in my own life to push the needle forward. And that's kind of why I wrote it. And then a couple of people like you know, read it in my house. They're like, Oh, that's actually pretty good. You should actually write it as third person write it like you're writing to somebody else. And they'll be like, you're right. Maybe These notes that I made for myself can actually help a lot of other people get to where they want to be that don't have the time and money to commit to it. So then I finally hired an editor, we sat down, and we took all the notes that are written down and converted it into a book format, that could actually help people. And I think it's, I really believe that if somebody goes through the book, and not just reads that applies every single thing, like, there is no way you're not going to get the result that you're looking for, you're gonna get the life you're looking for. And I think that's kind of what I My aim was with this book is not to write a book that you're going to buy, and he won't get past the 10th page, like the hundreds of books in your library already. Like it's a very short book, you could finish it in a day, less than a day, you can finish it in a few hours. And I think that was the whole vision is that less fluff less stories? Here's the 10 things, start doing them right now.
Adam Liette
I think that's a breath of fresh air with the so many of the business books we read. It's like, did you just like stuff this with more words would be more pages. It's a very, it's a very condensed, so I won't say like, shorts were wrong word. I mean, it's it's packed full. But it's like, I'm just gonna give it to you go. And so that's how I read it. When I read and I read through it, it took me about an hour and a half to read through it. Just put perspective. Very quick read, but it's me like holy crap, like, Okay, I miss that I miss that. It's just these little little things that we can do to optimize our own lives. So I really appreciate the format. And the thought that you put behind the structure of the book is really good.
Anmol Singh
Thank you appreciate that. Yeah, and yeah, that was one of the things that couldn't stand. business books were you read, like, because just the want to have a thick book, so that you they write just stuff, words and stories, and you read through the whole book takes you weeks or months. And then you're like, God, that was the one concept in that book, right. And the rest of it was just story after story. And I was like, you could have just told me that one concept, you don't have to go analogy analogy, and you know, start to do the word stuff. And that was one of the things my editor was like, you know, you should probably have more pages, and we're going to be very thin when I'm like, great. Like, I want to have a book that I personally will read. I would not read a big thick book. You know, it's not always good information. So yes, but totally spot on. Thank you for that.
Adam Liette
Fantastic. And coming from the traders background, like you said, it's it's like gambling, it's money's involved in like, there's a certain, like emotional attachment to that and gaining and losing, of course, like, how is that? Like, what kind of actions does that trigger from people like, in the book, like the pre in the in the post? Trade? I mean, I imagine it's probably very different on both sides of that equation. I can't trade I am like, deathly afraid of this thing. Because I'm just not built for that. Or maybe that's a story I'm telling myself. But like, what goes into that that type of mindset? Yeah,
Anmol Singh
so you know, stock market is driven by two primary emotions, fear and greed. That's it. Two emotions move the market. Now what happens? We are by those same emotions of fear and greed. So the way it plays out in the stock market is two times the one, you see an opportunity it meets your criteria, it means your plan, you think the stock is going to do well meets every criteria that you have. But then you don't push the trigger, right? You get, I mean, you probably can relate to that in the army. You know, on the first shot, maybe some people would hesitate some recruits will resume right saying we were training, because it's your money you're putting on the line and you just pushing the button, like should I take that trade, like indecision, doubting yourself, all those things come out, right. And then now that you're in the trade, let's say you got yourself to the point, you're in the trade. Now the trade is going against you, you bought a stock is going down, and we say, Okay, we're gonna get out of here and take a quick, small loss, and move on to the next one. But then it goes down there and you don't get out, well, maybe it'll come back up, maybe I'll keep holding, maybe I'll buy more shares, lower my average price, and maybe it'll bounce back up, and then just keep holding, again, keep holding and what happens, and Warren Buffett talks about buy and hold, but that's not the approach for trading, right? Most people end up doing buying hope. And hope is not a strategy. So I think that is where fear comes in. They don't get out. They don't want to take a loss they want to be right more than they want to make money. So I always tell you, you want to be right, you wanna make money, right? So do it the right way. And then when they buy a stock, it's going exactly in their favor. They mind if this target I'll take my profit gets to the target, you know what maybe I think it's gonna go for I'll just keep holding, right and then they keep holding and the stock comes right back down. And then they miss out those two emotions happen over and over and then what happens is you get frustrated and you feel bad about yourself, I should have gotten out should you know should have done this should have taken a loss you know, taking the profit, and then you beat yourself up over that and then revenge trading happens. You see another trade you're like, I don't want that trade. I should have made that money. I'm gonna make it on this one. And you just buy a double the amount that you're supposed to you increase your risk on it, and then you end up losing it most of the time. Right and Murphy's Law is very real. thing. So I think that's one of those things that these emotions play out over and over in the stock market. And then it leads to other bad habits, right? Because you feel like that your day ended, you took some losses, feel like somebody punched you in the stomach. Your wife asked you how was your trading day today? Honey, you're like in nose. All right? Shut your laptop. Nobody ever finds out what you stupid thing you did. So I think those are some of the things that were traitors, it really mindset, that's how I got into this whole personal development thing is to not only work on myself, because I had those exact same issues that I'm describing. But students all over the world have those issues. So trying to help them with that.
Adam Liette
Why Wow. So if I, if I can put myself in that situation where like the way you would do it correctly, like you get into us a trade, it starts going south, like you have your predetermined trigger to get out. And likewise, on the other side, where it starts going up, you have your predetermined trigger to get out. So it's like establishing your parameters, before you even get in the game is that? Well,
Anmol Singh
yeah, you need three things before you get into any trade. Hey, where are you gonna get in? Where are you gonna get out? If you're right, where you gonna get out? If you're wrong? Those three things have to be answered before we take a trade, right? Because then there's no surprise, we know where we're gonna get out. There is no thinking there's no brain power involved. There's no who this that emotion thinking, like, we can literally set our orders in the system now, right? software's allow you to do that. And you can just leave get up from your desk and leave, either it'll hit your target, either, it'll hit your stop loss and get you out. So I think those are some of the things that, you know, for us, that's very rigid rule in trading, you have to know those three things entry, your exit points, when you're right, exit point when you're wrong. And then good, because that helps us control the risk. Like if I buy a stock, for example, let's say $100, right? And I say, Okay, if it goes down to 99, I'm going to get out and I'm going to take a loss. So then that makes it so much easier for me, because now I know it okay, my risk is $1 per share, right? From 100 to 99. So now, if I don't want to lose more than $1,000, guess what I'll do, I'll buy 1000 shares, because if it goes down $1, I lose $1,000. So I already know what I'm going to lose, before I take the trade that empowers you that there's no surprises, what if I lose this what you already decided what you're going to lose. If you don't want to lose $1,000, you only want to lose $100 Guess what you buy 100 shares. If it goes down $1, you lose 100 bucks. So think predefining that is the key to trading.
Adam Liette
Oh, man. So I'm thinking like multiple different ways, you can apply this same, the same aspect and the same controls. So like, every aspect of daily life working with my team working within, within business, if this having my predetermined left's and rights, like no matter what I'm getting into, I know when to intervene, I know when to dump a project because it ain't working. Like. And I also know like when I can always think of like promotions work in the same way like, like, I know when to dump it or know when to hold or know when to sell it. No one to hold it. You know, it's it. It takes a lot of the emotions out of it, because you're dealing from a set of rules. And I think it's about establishing those rules for yourself if that, if that makes sense.
Anmol Singh
Yeah. And in business is very handy, you know, because emotions come in and problems in our business happen when there are gray areas, right? When it's black or white. There's no need for that if it's black or white, right? If it's gray area, that's when the issues happen. So example of that would be let's say, you know, my assistant, if I give her any work, right, everything's prioritized. This is priority number one, this is part number two, this is part number three. So she knows which order to go through that list. Right? You don't want to be like, you know, hey, I asked her, Hey, this task done. She's like, Oh, I didn't do that one. But you know what I did the rest of the list only, but that was the one that I needed today. The others you could have done next month. So that's what you have to make it specific for them. This is when it's supposed to be due. This is the due date. This is the priority. And now it makes her job easy. Because now let's say suddenly, something came up to my plate, right? And I say, Okay, I need this done. Right. Could you do this right now? I need this done. She's like, and she's so clever. Like she literally throws my own teaching back. Like, okay, well, I can definitely do this. Out of this priority list that I'm doing which one you want me to remove? Which one you want to remove and replace with that one? And so I'm like, oh, that's smart. Right? But that's great. Because now she knows okay, i Alright, that you can move there. We could do that next week to this one, he moved to number one slot. And now there's no gray area, she knows when to deliver the work. I know when to expect the work. I don't need to double check your work. I think that's helps in business too.
Adam Liette
I love that amount of clarity to where it's like you're giving people a to do list or a scrum list. But you're putting it in priority order. Like this is the most important thing. This is second, third, fourth, fifth. I think we as entrepreneurs, we take that for granted because we are so able to do that. Almost on the fly, even when we want to avoid a task, sometimes writing it first will help you. But understanding not everyone has that perspective and being able to to, like, run your business that way. I mean, it's when you learn to do it, when you start doing it every day, it becomes a little bit, it's becomes routine, it becomes a little bit addicting, and just part of how you're living your life. It's really cool. Yeah,
Anmol Singh
it's it makes life easier, you know, eliminates all the stress, unnecessary stress in your businesses, because there's a lot of stress to deal with anyway. And so we don't want to help this stuff that can clearly be avoided. Absolutely.
Adam Liette
It's, every day is a interesting one, especially like right here at the beginning of the year. Oh my gosh, it's like everybody wants to get in the game, because they all had their New Year's resolutions or their q1 plans. And it's like, Okay, it's time to go. It's like you could have told me about that, like three weeks ago would have been nice, but you know, whatever. It's all good. Have you found any particular type of person is best geared for these types of situations for like dealing with that kind of stress or dealing with being able to have that self control? Yeah,
Anmol Singh
so some of the people that have come through trading, that have ended up making good traders or succeeding in this business have been an eye because pilots have to go through the checklist. They don't care if I've been trading 10 years, they don't care if I'm a professional, they don't care if they made a million dollars. Checklist, right? Check. This is good. Check, check, check, Greg. Now take the trade, right. So no matter how many times they've flown a plane, guess what they'll do every single time. Check no emotions, onto the checklist. And that's objective, right? Whereas someone, if we don't have, if we didn't have those rules, there'd be a lot of plane crashes, because somebody would be like, you know, what I've, I've done that I do this over and over, I know what I'm going to do, right? That's how people miss things. That's why you go to surgeon, right, if you're going to a doctor who's a surgeon, they will have a checklist, wash your hands, first, you're going to do this, you know, sanitize it, do all of that tools are ready to go, they're sanitized. It's a checklist that they follow, they have to write so that they don't do any, you know, complications in that. So I think in same way, in trading and our business pilots make for good traders, because they go through the checklist, but also poker players, because they know when to hold them know when to fold them, right? Know when to push your chips know when to stay back and do not bet on this trade, right. But the reality is a key because they have the concept of risk, that a lot of people who come from a job environment don't have the concept of risk, because growing up, you know, their parents are telling them what to do, then they go to school, their teachers are telling them what to do, then they go to college, the professors telling them what to do, then they go get a job, their manager supervisors telling them what to do their bosses telling them what to do. And then they come trading, nobody's telling you what to do. Right? You have to tell yourself what to do. Same way your entrepreneurial ventures, or podcasts, nobody's telling you, you need to record the show, right? You have to tell you and set your own rules and your own guidelines, and hold yourself accountable on that too, if you don't do it. So I think that accountability and the concept of risk is why a lot of people struggle to succeed in this business. And the ones that succeed are usually not usually are either engineers, software programmers, either pilots, they are it in it, or they're in poker, because just learning follow systems, right? That's the key long winded answer to the question.
Adam Liette
Well, you had me IT systems because I'm a big systems guy. I love having I might have a personal like Asana checklists for myself, every day that I just follow. It's like clockwork, when you're building your own company. Are you hiring based on like those attributes? Or are you bringing people in and then, like training them to live this type of lifestyle where they're working from this, like, very methodical routine, like checklist type of lifestyle?
Anmol Singh
So hiring is usually based on values. So for me, like when you hire somebody, it's like, alright, what are your top five values, right? And they got to, they got to know that what they value in life, and if they don't, then they could come up with it. But when they come up with a value, then you take these job descriptions, you're like, Okay, this is what you're going to be doing every day, right? Like these 10 things. These are your daily typical tasks. Now, I want you to let me know, how are how doing these tasks is going to help you fulfill your highest values. And they have to tell me the answer that so now what happens is when you're giving somebody a task, and then they can see clearly that they can, that doing those tasks will help them fulfill their highest values. You'll never going to need to motivate them. You never need to incentivize them because it matches the values, they'll automatically do it. They're going to be the highest performers. You never gonna have to check up on their work or any of that. But when you hire somebody who's the tasks that you're giving them are not aligning with what they value. That's when you need to motivate those employees. You got to incentivize them to do the work you have to check up on the work. So I think values is the key thing. And then linking them together and showing them how it'll help them achieve those values. So they value community or friendship, or they value something like that, then well, you can show them a path to do that, right? Like with this work, you're gonna get to attend these networking events, you can have these people you can interact with, we have this team. And that kind of conversation with them is more likely than money based conversation, somebody values money and success, then the conversation I'm going to have with them is how they're going to these tasks are going to have to get more money. And they're showing them a path on how they can scale in within the business and make more money, right. So when you align it with their values, you don't have to motivate them, they'll do the work, because it's helping them fulfill guys values. problems happen when the values don't match, and you're trying to get them to do something that they don't value.
Adam Liette
And it's such a proactive way that you're leading your team, I really like it, I might steal a couple of those. Because you're casting the vision from the outset. It's not like you're trying to motivate someone midstream. Like you if you hired them correctly, which sounds like you do. Like they're going to provide their own motivation at that point of contention. Because you cast the vision back here, right? You show them how it aligns with their desired outcome anyway. And so they're gonna provide that impetus to push through when things do get hairy.
Anmol Singh
Exactly. Like I never talked with my team about like, revenue or money made, or any of that. It's just like, how many people did we empower with their financial future? That's it. Right. So that's what we teach people to do. That's our vision, how many people that we empower right now it's all about empowering more people. And actually, that'll result in more sales, no doubt, and they know that too. But it's the way you talk to your team, by making them feel like it's their business to, you know, it's there's no boss here. We're all team members. I am not anybody's boss. By we're all team members, we're all achieving our goal towards empowering people in their financial future.
Adam Liette
And even then tying it into like, the vision of the company is like, there it is. I love it. It's so cool. So you personally, is there anything? Because there's a lot of like, the long term things that we can do to prep ourselves. Is there anything that you in particularly do like in those moments before a high stakes engagement? Or a call or a meeting? Like how do you do your own preparation? To make sure you come in there at your highest self?
Anmol Singh
Yeah, I'll be honest, I don't prepare too much. Just being honest. Because it's like, for me, I, I like to, like, if I've done my homework, which I like, I guess I'm always preparing, I guess that's probably a better way to say, I'm always preparing. So it's not like, I'm gonna do the preparation. Now, for this thing. I'm always in preparation mode. I'm always in training, I'm always learning new things, right? So when the time comes, I need to be there. So as they say, right, luck is when preparation meets opportunity. So if I'm always prepared, and the opportunity comes, boom, suddenly everybody's like, Oh, you're lucky. So that's one of those things that try not to overthink things, try not to over plan. If you're doing your job every single day, you're you're going to be prepared when the opportunity shows up. But that's kind of one of the things but again, same as you if there's some tasks that I feel a little fearful about, or I'm like, I don't know about this opportunity or that opportunity, then I just sit down and write down. Okay, how is this going to help me align with my values? Or how's it not going to help me align with my values? If I can't come up with anything that helps me aligned with my values, then? Why am I doing this task? It doesn't help me fulfill my values. So I think that's another thing is like, how does it help me fulfill it? Or how does it not help me fulfill it? If I have to make a decision? Let's say I'm very decisive. Somebody asks me a thing. Usually, I'm like, That's the answer. Because I filter it, if I take the decision, is it going to move me closer to my intentions and my values or away from it if it's away from it, not doing it. So that simple way, it'll be super decisive.
Adam Liette
So it's not about the 10 Minute Meditation and the 30 Minute ice bath or whatever. And I love it. It's like it's but it's consistent. It's part of your lifestyle. And I think like once you get into that and start doing it, start living your life that way, it becomes like self replicating like something that you just do. Because you are because that's who you're just being at that point. And then constantly being in this like, on off on off on off exhausting type of lifestyle.
Anmol Singh
Right. And I think also like when, like we all know, people that take so much time to make a decision, heck, they, they want to buy something, they'll watch like 10 unboxing videos or read like 20 reviews before they buy, right? I mean, make a decision. Like there's a real thing known as decision fatigue, you can research online, the more decisions you gotta make you get fatigue. So when the time comes to make those big, important decisions, you're fatigued, because you're making small decisions, like what am I gonna wear? How's my hair gonna look? Right? So those kinds of things when you just eliminate the miniscule decisions, what am I going to wear a black T shirt, boom, right, done less time wasted on small decisions so that when the big decisions come I have the energy and the mental wherewithal to actually make that decision. So living with your values is like a way to quickly be decisive. Because, you know, New York City, like we have condos and stuff like that we don't have we can't take ice baths every day, you have to go somewhere, right? So take an ice bath. So like stuff you can do every day. And don't get me wrong, I started reading I do those two, right. But I will do like once in three months, take the highest challenge or something and do that. But it's not a daily thing. Like you can do it every day. So I mean, high performers like actual high performers, not the social media, and informers, but Jeff Bezos, Elon Musk, they don't talk about ice baths. Right? None of us actually will talk about, right people usually have a program or a retreat or something, they're gonna want to talk about ice baths. So I think just something to consider.
Adam Liette
It's awesome. I love it. And I like to end on one thing, which is, I think aligns with values, like we've talked about, it's just like being in consistent alignment with your values, and it's my favorite of your success keys. It's choose happiness. Like, just be happy in this world be happy in this life, and like, find things that make you happy and, and go after them. Like how, how has happiness played a role in in your direction in life? Is it like a constant? Like, like a Northstar? For you to keep choosing happiness as you've been pursuing these paths? Yeah,
Anmol Singh
so I think one thing to realize is that depends on people's definition of happiness, right? Like, what does happy mean? Does that mean? You're never gonna have any low points? No, that's not my definition at all. Happiness is when you feel good about where you're at, in each of your areas of life, knowing that you're doing the best that you can, with what you have. That's happiness, right? Anything external, is outside circumstances you can control. So yeah, that doesn't mean you're never going to be low, you're gonna we're gonna be down. Sure, we're going to all have that all those moments, but in those moments, is when we remind ourselves that you choose to be happy, right? You just choose it. That's what I'm choosing to be. Now. You know, it's easier said than done. There's going to be times where you're going to feel like, Well, nothing's going my way. You acknowledge it. So I always just okay, I'm feeling this way. I acknowledge it. I know, you know, great. And what am I going to do to change it? It's in my control. Great. Let's change it. If it's not in my control, why the heck am I worrying about it? Right. So I think that's one of those things is like, yeah, it was a default state that we're all born with. And look at children, like just super happy playing around, they don't care. Right, they fall down, they'll cry a little bit, they get back and they get back on it, because it shows happiness. So at some point in our life that was taken out of us social conditioning, right? I think that's one of those things where you gotta be like, forget all the social conditioning. This is what I choose.
Adam Liette
I have young children so there's this great song off one of the not a Disney movie, I forget which movie it was Smurfs, or something like that. I don't remember. But like the the main like hit line in the course is I fall down but I get back up again. I bet I made my whole life and do a series of Disney lines. Go figure. That's what four kids does to a brother. Yeah.
Anmol Singh
I've probably kind of in the next few years. Maybe I'm single now. But I've heard that a lot. My sister you know, I have a nephew. So she's the same way. You always just something playing on the TV and I'm like, Oh my God. Oh,
Adam Liette
they stay there earworms man. They stay with you. Yeah. Especially on like the 700 time watching frozen. Yeah, you're never gonna forget that one. Oh, good. Dude, this has been absolutely astounding. I have just really enjoyed our conversation. Definitely some. Some things to consider for sure. Like that I've never really thought of before in that. Like, we don't have to overthink some of these things. But it's just about aligning ourselves, about the way we live our lives. And like you get to choose that. And I think that's that's, that's probably the most empowering thing for me, is whatever I'm feeling at this moment. However, I'm gonna live the rest of my day. Like that's a choice. And I get to make that every single day. And I get to get back up again tomorrow and do it again. But kept driving forward, keep aligning myself with my values to achieve the goals that I'm after. And I hope you are all thinking the same thing out there in podcast land. Before we I let you go I know. Where can people find you and how can they follow up with you?
Anmol Singh
Yeah, definitely. from social media standpoint, most active on Instagram and Twitter. My username on both of those is delta 90 D LT A and INETY spelled out. Don't ask me why I got a long time ago. kept it. So not the 90. That's the username on Instagram and Twitter. And if you're interested in learning more about trading or getting involved in stock market, then live traders.com is where you can head out and you can get a free intro guide and a free introductory course that will get you started on your way to learning the basics at least. And then my book Amazon, it's available Amazon audiobook just came out on audibles and iTunes. But yeah, Barnes and Nobles, Walmart, wherever you buy your books, it's prepping for success 10 keys for making it in life more information on prepping for success.com
Adam Liette
so awesome to have you, man. Thank you again and yeah, please do stay in touch. It's definitely been an absolute pleasure and I can't wait to see you the next time.
Anmol Singh
Thanks for having me and great chatting with you
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