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He Built a $10M Company... Then Lost Everything | S2EP2 — Transcript

by The Freedom Lifestyle Podcast · 8,662 words · 1,225 segments · language en · Watch on YouTube

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0:00when you lost [music] everything. What
0:01did that teach you that you think
0:03success doesn't teach you?
0:05>> What people don't realize is the
0:06pinnacle of life is not all that you can
0:09make it out to be. It's not that great.
0:10You have all the money, you have all the
0:12abundance and freedom, but you don't
0:13[music] spend your time on anything
0:15purposeful. And when you lose purpose is
0:17the moment you lose freedom.
0:19>> The moment I became rich and successful
0:21and I had stupid FU money was the moment
0:24I lost all [music] sense of freedom and
0:26purpose and I sold my soul. Freedom is
0:29what you believe you deserve and just
0:31going after it and trying and failing
0:34over and over and over again until you
0:35accomplish that thing. So, someone's
0:37watching this now. What is the one thing
0:39they can do right now that is going to
0:41move them more towards their freedom
0:43lifestyle?
0:46In today's episode, we sat down with
0:48Malcolm, who went from being homeless at
0:5017 to building a multi-million pound
0:53Airbnb business by the age of 24 to then
0:56lose everything.
0:57>> By the end of this podcast, you will
0:58discover how to get the mental
1:00resilience to overcome anything and the
1:03secrets of how a 24year-old built a
1:06multi-million dollar company. For us to
1:09continue speaking to inspiring guests
1:11like Malcolm, all we ask is that you
1:13subscribe to the channel.
1:14>> And before we begin, let's take a deep
1:17breath in [snorts]
1:19and a deep breath out
1:21and let's expand what's possible
1:23together.
1:26>> So Malcolm, before we even go into this
1:29podcast, why should someone who wants to
1:32create more freedom listen to this
1:34episode?
1:34>> Good question.
1:36Well, because the first thing is people
1:40think that freedom comes from the
1:41external reality, but it truly starts
1:45internally first, which is why you
1:48should watch because we're going to show
1:49you guys. We're going to talk about it.
1:51It's going to be a good discussion on
1:52why everything has to happen internally
1:55for you to then have it externally. Yes,
1:58look at us right now. We're talking
1:59about freedom. We're in a beautiful
2:01environment. Life is good. But it had to
2:04start internally within us first. We've
2:06had to go through the trials and errors
2:07to get to this point to then manifest
2:10and have this reality.
2:14>> That was a mic drop moment. [laughter]
2:17What a way to start. So my first
2:19question to you is to give us and the
2:22listeners who don't know you some
2:24context on where your journey to freedom
2:27actually began.
2:28>> My journey of freedom actually began
2:30when I was in high school.
2:33I was getting good grades and my
2:35teachers kept giving me a hard time. Uh,
2:38one specifically and I aimed to go high
2:42and so high. My parents always wanted me
2:44to become a successful surgeon, a doctor
2:46or a lawyer. It's a typical Asian
2:49stereotype. It's true.
2:51And so I did. I tried very hard. I
2:54showed up. I put in the effort. But it
2:56never seemed to stick. And I always
3:00realized that I looked around me and I
3:02saw my family friends, my friends
3:05parents who had all these luxur
3:07luxurious things and they had this great
3:08lifestyle. And I was like, well, how do
3:10they obtain all of these things? Not by
3:13being doctors. They own businesses. And
3:16growing up, I've always had a lot of
3:18struggle and battles with insecurity. I
3:22feel like I was always kind of left out.
3:23And I think a lot of entrepreneurs who
3:26are successful nowadays will be able to
3:28share the exact same feeling with me.
3:31And so what happened was after
3:35everything that I had gone through,
3:36everything that I've seen, I wanted a
3:38new perspective. I wanted to go down a
3:40different path. I wanted to see
3:41something that was different. I wanted
3:43to be different. And I had this urge in
3:45me because I was beat down constantly by
3:48friends and peers who had more than me.
3:50So, I feel like that really drove me to
3:54start seeking out the untraveled path,
3:58going down something and doing something
4:00different entirely. And that's how I led
4:02to eventually finding a way to become
4:04more free. But when you go down that
4:06freedom path, what happens is you chase
4:09the wrong things at first. Because when
4:12I started this this speech, I said the
4:15first thing for me was I saw that my
4:17friends, families, my parents' friends
4:19had luxurious things. So what happened?
4:22I chased all the materialistic things
4:25>> and I thought that was freedom and trust
4:27me I had those things and that did not
4:29buy freedom. That's why I said when I
4:32first started this conversation, it
4:33starts internally, then it goes out
4:35externally.
4:37What people don't realize is the
4:39pinnacle of life is not all that you can
4:42make it out to be. It's not that great.
4:44You actually can get caught up in the
4:47pinnacle of life in the wrong sense
4:49where you have all the money, you have
4:51all the abundance and freedom, but you
4:53don't spend your time on anything
4:55purposeful.
4:57And when you lose purpose is the moment
4:59you lose freedom.
5:00>> That's really powerful. And just want to
5:02touch on you mentioned as well about um
5:04your insecurity as well. When you first
5:07started out cuz I was the same. I used
5:09to really throughout school I I really
5:11struggled with confidence. That was like
5:13my so to actually think like reflecting
5:15now on the fact you know even doing
5:17things like this like interviewing doing
5:19podcasts putting myself out there online
5:21like I've really had to go against like
5:24what my insecurity was. So I think it
5:25was just by the way just a really
5:27powerful share that you mentioned that
5:29and then moving into your second part of
5:31mentioning that you were chasing the
5:33materialistic um things in life and
5:36obviously you went on to build an 8
5:38figureure business in your 20ies which
5:41is just insane like that is so rare and
5:44I've met a lot of people and you lost
5:46everything. So I guess my question to
5:49you is like what was what was your rock
5:52bottom moment? Was it that? Was it
5:55something else? Um, and how did that
5:58actually impact you and shift you into
6:01your next level into your next part of
6:03your purpose? Now,
6:04>> I would say that when I lost everything
6:06was the moment I gained everything back
6:09because the moment I became rich and
6:10successful and I had stupid FU money was
6:15the moment I lost all sense of freedom
6:17and purpose and I sold my soul.
6:20>> Wow.
6:21So what I would say is if you asked me
6:25when it happened, I would have answered
6:27to you when I lost everything. When
6:29everything went sideways, I went into
6:30this rut. But the reality for me was
6:36losing everything and I said it helped
6:39me gain everything back was the
6:42realization that internally I needed to
6:46build myself back up again. I needed
6:49that pull back and I needed the
6:51uncomfortable feeling again because I
6:53had gotten too comfortable having the
6:55high life
6:57>> and that was when I truly found myself
7:00and built myself up again.
7:01>> It's powerful. I think a lot of people
7:03can relate to what you're saying as well
7:05about what they think success will look
7:08and feel like and then actually when you
7:10get to that point it can look and feel
7:12very different. And like from our
7:13experience as well, I think we looked at
7:15this nomad life a few years ago and
7:17thought that's it. That's success. When
7:19we get that, everything will be amazing.
7:22And actually, no matter what stage of
7:24life you're in, there's always highs and
7:26lows, right? But it's all about the
7:28lesson. So I wanted to ask you when you
7:30obviously hit rock bottom, when you lost
7:32everything, what did that teach you that
7:35you think success doesn't teach you? It
7:38taught me I feel like you already have
7:40everything you need to know and you
7:41already know a lot of the stuff that you
7:43need to know and sometimes you need to
7:45be humbled to realize that that's the
7:48path that you should have gone down. So
7:50what I had to learn was that I should be
7:53more appreciative of the things that I
7:55do have around me. It's it's it's
7:57obvious you lose everything you
7:58appreciate things more. Right.
8:00>> We experienced that.
8:01>> Yes.
8:02>> Yeah. But I didn't lose everything.
8:05That's the way I put it. I I think that
8:07money is one thing and it can come back.
8:10You can rebuild an empire, but it was
8:12how I built that empire with the people
8:14that I built that empire with, which was
8:18the reason why I felt like I lost my
8:20soul. Because it doesn't matter how big
8:22it gets. If you're doing something with
8:24the wrong people, first and foremost,
8:26you're never going to be satisfied in
8:28life. You're always going to feel like
8:30there's something missing, like there's
8:31a hole. So, I had to go back to my roots
8:36and I've been in rock bottom many times.
8:38And I think a lot of entrepreneurs will
8:39realize they can go through business and
8:41fail over and over and over again. Your
8:42bank account will go to zero and that's
8:44not talked about. It will go to zero
8:46multiple times and that happens to
8:47everybody who gets into business. That's
8:50just the reality of it. Some months you
8:52sit there and you're realizing, oh
8:53shoot, I'm like on the verge of
8:54bankruptcy for like months in a row back
8:56and back to back to back to back.
8:58eventually, you know, your company takes
9:00off and then people change and when
9:02people change, you're not aligned
9:04anymore, right? So, being reliant on
9:07other people, being insecure, having a
9:10lot of issues growing up, I feel like
9:14this has been the perfect opportunity
9:16for me to build my character, become
9:19more confident with myself, love myself,
9:21like you said, put yourself out there,
9:23be on podcasts like this, and just do
9:25the uncom. This is not natural by any
9:27means,
9:28>> right? Nobody says, "Oh, let me sit down
9:29and set up a camera and talk with two
9:32different people and ask questions."
9:34It's it's not normal for most people,
9:36right?
9:37>> So, you need to be thrown back to be
9:40thrown into a different course. And
9:42sometimes it's all meant to be for you
9:43to realize that there's a new
9:45perspective for you to learn in order
9:47for you to unlock
9:49new sectors of your character in order
9:52when you go into your next business to
9:54unlock different departments, different
9:56knowledge, different skills to get to
9:58the next level that you're truly meant
10:00to be at. So sometimes people look at
10:02these setbacks as a bad thing and they
10:04give up and they quit. But you can't
10:06kill somebody that never gives up and
10:07never quits. So if you guys keep going,
10:11then when you fail, you realize that
10:13that's just a setback for you to learn a
10:15lesson. And it's actually 95% of the
10:18time a blessing in disguise. The 5% is
10:20when you sit there and you beat yourself
10:21up and you don't do anything about it at
10:23all.
10:23>> So you asked I think I think the biggest
10:27thing is like people don't realize when
10:29they're going through it because it
10:30seems so emotionally powerful, but you
10:34asked for this life. When I went into
10:37this, I knowingly asked to be different,
10:39to go down the hard path, to have
10:42struggles, and then when I have those
10:44struggles and I go down that hard path,
10:46how can I sit there and complain? I can
10:48only sit there and appreciate that that
10:49happened to me and learn the lesson. And
10:51that's the only way to live. Otherwise,
10:54you don't have freedom. And if you don't
10:55do something you love, you have no
10:56purpose. That's the journey. And you
10:58have to learn how to embrace and enjoy
11:00the journey, right? Because I might not
11:02have it all right now, but I know I
11:04will.
11:05But having it all for me now has
11:07completely been redefined.
11:09>> It's not about how much money is in my
11:10bank account. It's about what I've done
11:11to serve this world and have I brought
11:13the passions, the things that I want to
11:15bring, the creative juices into my
11:17workflow to make this world a better
11:19place like I always wanted it to be
11:21initially. When you get the Lamos, when
11:23you get the cars, when you get the the
11:24nice yachts, when you travel all the
11:26time, you become completely blind and
11:28then it's just chasing the next high.
11:31>> Is that freedom?
11:33>> That's powerful. So for you then, what's
11:35what's been the the biggest breakthrough
11:38that you've had cuz you've been on a
11:40crazy journey and actually it'd be quite
11:42cool to to rewind a bit of your journey
11:45of you mentioned starting out at school
11:47to now where you are. I think it'd be
11:48quite cool to to go through that as a
11:50bit of a a journey for you and
11:52throughout that journey like what has
11:54been your biggest breakthrough that
11:55someone listening to this can learn from
11:58that now? because we obviously before
11:59this podcast we were mentioning about
12:01mentorship and I think there's a there's
12:04a there's a fine line of having both. I
12:06think having mentors is a massive
12:08benefit you know cuz it's like you you
12:10essentially get to gain knowledge of the
12:12mistakes that they've made a lot of the
12:14time. However, there is also something
12:17really like some of my biggest
12:18breakthroughs have come from my own
12:20mistakes rather than somebody else's. So
12:23I guess on your journey of
12:24entrepreneurship like what's been your
12:26biggest breakthrough moment that for
12:28someone listening can learn from that
12:31moment that will potentially stop them
12:34from going down that same path that you
12:36have? I would say I wouldn't stop
12:39somebody from going down the same path
12:40that I have because the path that I've
12:42went down, even through all the ups and
12:45downs, the breakthroughs, the downfalls,
12:49the restarts, it has all been a part of
12:53who I became today. My biggest
12:55breakthrough that I've had after going
12:59completely broke, making it up again
13:02financially, and then building myself up
13:04again over and over is being okay with
13:08myself. like having that confidence that
13:11I never had before. Finally feeling like
13:14there's no resistance for me to have
13:16that confidence or me having to force it
13:18into my daily life and stop pretending
13:23who I actually am and let that come out.
13:25The the biggest breakthrough is taking
13:26the mask off finally because there was I
13:29thought I was being myself but I was
13:31never being myself.
13:33And that's where I got to the point
13:36where everything that I earned because I
13:39earned it so fast, I lost it all because
13:41I skipped steps. The biggest
13:43breakthrough is you don't skip steps.
13:45That's what I would say. You do not skip
13:47steps. If you're building a business, if
13:49you jump to a million dollars, you don't
13:51skip steps and start living a
13:53million-dollar life and pretending like
13:55you run a million-dollar business.
13:56You're still in the development stages
13:58of doing X, Y, and Z. Sure, when you
14:01take multiple shots, you may get lucky.
14:03You might win the lottery, but the thing
14:05is, even if you win that lottery, you're
14:07not prepared to handle that kind of
14:10business, that level, that wealth. So,
14:13for me, going back to my story, when I
14:16was in high school, like I said, I had
14:18one teacher who was giving me a very
14:20hard time. And I realized at that
14:22moment, I was like, why would I let
14:25somebody dictate my future? How can you
14:28let someone mark you and dictate your
14:30future? Sure, somebody else wants to go
14:33through the traditional path. I don't
14:34blame you because what we do is very
14:36hard. It's it it will kill you every
14:39single day. You go through mental pains
14:41like you could never think of. But the
14:44reward in the end is what we're chasing.
14:46And you know what? Some of us don't even
14:48know if we'll even make it there. We
14:49don't. We don't know if we'll truly have
14:51that. But that's the risk that we take
14:53every single day as being entrepreneurs.
14:55So after all of the bad marks, the
14:59teacher trying to fail me and me
15:01realizing that I don't want to be judged
15:04or I mean I don't want someone to
15:05dictate my future, an authorative
15:07figure. I decided to say, "Hey, listen.
15:09I'm going to go against the grain. I'm
15:11going to drop out of high school." And I
15:13left. And then when that happened, I
15:15went home, had a huge falling out with
15:17my father. I got kicked out of the
15:20house. I left and I was homeless. And I
15:22was like really confident before it
15:24happened. Really cocky cuz like my ego
15:26will boost my confidence but it's not
15:28real confidence. I got on the street and
15:31I was like, "Oh what do I do now?"
15:35And that's when it really hit me like I
15:37have to go out there and I have to make
15:39things happen. And I think going back to
15:43the story of my business that I recently
15:45had and losing everything there is I got
15:48too comfortable with having that
15:49security that I thought I had. and too
15:52comfortable with being controlled by
15:54other people and letting them dictate
15:56exactly how I did everything. And that
15:59was that feeling I started getting again
16:00when everything started going sour was
16:03the feeling that I was a puppet on
16:05somebody else's leash and I didn't truly
16:07have freedom anymore. Even if it looked
16:09like I had freedom. I mean, we were
16:11traveling. We were spending money
16:13everywhere. We didn't care. We we bought
16:15dinners for family. We just wanted to
16:17give. We wanted to keep going and keep
16:19giving and keep spending. We didn't
16:21think about anything that we bought. We
16:22were on the high life. But I didn't I
16:25also didn't realize I sold my soul to
16:26have that life. And you hear this in the
16:28music industry all the time, right?
16:30>> Yeah. So record labels, people will sign
16:31with them and then they control
16:32everything they say and do and how they
16:34act and they feel like they're not free
16:36and then they go down a huge uh
16:37obsessive path. They go through mental
16:40um mental issues. They have drug
16:42addictions and then they go broke,
16:45right? But that's a hard lesson that you
16:47have to swallow. So, I dropped out of
16:50high school, got kicked out of my house,
16:51was homeless, and then I crashed with my
16:53buddy. We looked around for
16:55opportunities non-stop. It was
16:57relentless. We found an opportunity and
16:59got into the Airbnb business through a
17:02guy who wanted to give us an opportunity
17:03to help us. He gave us a house that he
17:05had. It was like a house we had to put
17:07throw, it was like a pig that we had to
17:09throw lipstick on to make it nice.
17:11>> And so, we renovated it. We had no
17:14experience. The guy told us to throw it
17:15on Airbnb. and I had no idea what Airbnb
17:18was. Long story short, skipped two years
17:21later, we had 30 units, uh, 30 houses on
17:24Airbnb. I was about 18 years old at this
17:27time. So, I started when I was 17
17:29and built a $1.7 million revenue stream
17:34per year with that portfolio and then
17:37that guy stole it from me. So, I've had
17:39many of these occurrences. I'm just
17:41wondering like why does this keep
17:42happening to me? Because the first time
17:44I got screwed over by someone who had me
17:47on a leash. The second time I got
17:49screwed over by somebody who had me on a
17:50leash. And you know what I realized? The
17:54real estate or the investing world or
17:56the business world is cruel and it will
17:58not spare you. So if you let somebody
18:01control you and you don't know how to
18:02say no because you're insecure,
18:05that's where you're going to lose all
18:06the control and everything you you've
18:08wanted. So the power of saying no is
18:12what I want to talk about because nobody
18:15says no enough especially me and that is
18:17why I got myself in those circumstances
18:19to begin with. So I built another
18:22business again a partner screwed me over
18:25and I recently built this business and
18:27yeah each time the number kept getting
18:29bigger. You see the number kept getting
18:32bigger but then my
18:35need for comfort kept getting larger.
18:39Why? I make a million dollars, I'll
18:42spend a million dollars. I make $2
18:43million, I'll spend $2 million. I make
18:45more and more and more. I keep spending
18:47more. I spend 150% of what I make and I
18:49go in debt. Why is that? Because I, no
18:52matter how much money I made was always
18:55controlled by somebody because I let
18:57them I let them have that power over me.
19:00And I was never truly free. and or in
19:03order for me to actually learn the
19:04lesson because I'm at this point you can
19:06call me dumb because I didn't learn my
19:08lesson the first time. I made I made the
19:10same mistake multiple times. But at this
19:12point I'm sitting there realizing to
19:14myself, wow, it's because I don't have
19:16control. I don't feel confident in
19:17myself and I don't believe in myself
19:18enough. So I let other people tell me
19:21how it is, tell me how to be. And then
19:24they control me to the point where I'm
19:25unhappy with myself where I need so much
19:29comfort that I spend everything I make
19:31just to try to fill that hole which all
19:34starts internally
19:37never externally because nothing you do
19:41externally is going to fix what you have
19:43as holes inside yourself as a character
19:44internally.
19:46That's that's what I would say.
19:49>> That's so powerful and I think a lot of
19:50people can relate to that. the whole
19:52like cycle thing you're like like you
19:53said was I dumb like why did I have to
19:55keep learning the lesson it's like no
19:57actually it's amazing when you can
19:59realize why it happened again because
20:01then you can move past it right we've
20:04experienced cycles
20:05>> everyone experiences cycles
20:07>> everyone does but I love what you say
20:09when you're like it is all internal I
20:12can relate to that like when I was
20:13younger I used to perform so everybody
20:16thought wow you're so confident you know
20:18you can get up on stage and perform but
20:20actually internally was so insecure and
20:22so unconfident. So I think doing this
20:25inner work on yourself and really like
20:28backing yourself is yeah such a key
20:30ingredient and it's why you've now you
20:32know gone on to build all this success
20:34for yourself because you you can see now
20:36that you definitely back yourself and
20:38>> yeah it's amazing to see but I'm just
20:41wondering when you went through those
20:43moments of losing what mentally did you
20:47have to like let go of to be able to
20:49then pick yourself back up because so
20:51many people you know when something goes
20:53wrong.
20:55>> Yeah. So, what was that? What did you
20:57let go of?
20:57>> I would say ask yourself the question,
21:02what happens on the other side? What
21:04happens if you give up? Ask yourself,
21:06no, genuinely, right? Cuz even though
21:08I'm on a path now, I'm building success
21:11now, I've gone through a lot and I've
21:14realized a lot. And at this point, it's
21:17like you got to sit there and reflect.
21:19That's the biggest thing that a lot of
21:21people just don't do. Ask yourself, what
21:23is on the other side? Ask yourself, what
21:26happens if I give up and I quit right
21:28now? What does my reality look like?
21:31And you're going to sit there and think,
21:34"Oh, well, I can go get a 9 to-ive job.
21:37I can go work all day." But then you sit
21:40there and realize, well, my entire life
21:42has been building a business. I've been
21:44an entrepreneur my entire life. It's
21:45like going down an completely different
21:47path. Why would I do that? Why am I
21:50giving up? Why do I feel like I'm not
21:52good enough? Right? Because we're all
21:54trying to even after, like I said, even
21:56after building again and again and
21:58again, I still don't feel like I'm good
22:00enough. I still don't feel like I'm I
22:02I'm always chasing a better me. I'm
22:04always chasing a more refined version.
22:06There's so many areas of our lives that
22:08we can improve. And honestly, with all
22:10the social media um content going out
22:13nowadays, you feel like you can never
22:15satisfy the world. You feel like you're
22:17never good enough because one thing will
22:18tell you to do one thing. The other will
22:20tell you to do the exact opposite thing.
22:22Right? So the answers don't lie
22:25externally ever. The answers lie
22:28internally.
22:30Nothing is right or wrong. You know what
22:33is right for you. And in order for you
22:35to realize what is right for you, you
22:37have to ask yourself that question. So
22:38I'm sitting there contemplating. Do I go
22:39back to working at McDonald's, building
22:42myself back up again? And then I sit
22:44there and I think, "Okay, well, what
22:46happens after that?" Nothing. I move
22:48back in with my parents. I work. I maybe
22:50get a job. And I'm going back to letting
22:54somebody dictate my future. And I'm not
22:56building myself. I lose my confidence. I
22:59probably get a bunch of pimples. I
23:00probably get out of shape, get fat, and
23:03then I can't take care of bills still
23:05and I still run into the same problems.
23:07So, why would I do that? It's as simple
23:10as that. That's for me. But when you're
23:13quitting, ask yourself why you're
23:15quitting. Is it the people that you're
23:17doing it with? Is it the thing that
23:20you're doing? Or is it you? Is it
23:23something within yourself? And then when
23:26you realize that something in yourself,
23:29you ask yourself, what do I need to work
23:31on? Rather than quitting, what is this
23:34telling me to work on? How can I
23:36improve? and how can I get better so
23:39that when I do it again I succeed.
23:42>> You guys play video games ever?
23:45>> Okay. All right. Growing up, I play a
23:47lot of video games and a lot of people
23:48in this world play video games, right?
23:51>> So when you die in a video game,
23:55>> do you just shut everything off and quit
23:57or do you just hop back in and play? No
23:59emotions.
24:00>> So true.
24:01>> Right. You might get mad. You might
24:02throw your your mouse at the screen or
24:04your controller at the screen, right? or
24:06might scream or yell, but do you think
24:08about it that much before you restart
24:09and play again? Why do you have more
24:13motivation to restart and play that
24:15video game again after you died and got
24:17killed and lost the game compared to
24:19your own life? Why would you do that in
24:21a video game, but you won't do that in
24:22real real life? Why won't you do that
24:24for yourself? That's really powerful.
24:25And I just want to like touch on as
24:27well. I can tell number one that a big
24:29focus point of this and for anyone
24:30listening is just to take full
24:32responsibility. And I think you do that
24:34by I guess blaming internal rather than
24:37blaming external, right? You know, I
24:39love that.
24:40>> Yeah. Because as soon as you're blaming
24:41external, which a lot of people do. I've
24:43done it before, especially when I was in
24:45sales. Blame the leads. Oh, the economy
24:48is bad, the company, the ads. There's
24:50always something, but actually like
24:52start taking responsibility and blaming
24:54yourself. And I really liked what you
24:56said then as well with the whole video.
24:57I've never heard that analogy actually
24:59of obviously I treat life as a game and
25:02I want to level up in all areas but to
25:04hear like it's so true you do just keep
25:05coming back and coming back and coming
25:07back and coming back and you do get
25:09stronger yeah you get you get stronger
25:11you get better you get it's addicted so
25:13I guess that kind of goes on to what you
25:15mentioned then as well about the fact of
25:18how can you give up how can you go back
25:20once you've once you've started
25:21entrepreneurship like it's hard to I
25:24think anyway for me personally it'd be
25:26quite hard to go back and I know some
25:28people do but I guess the why and
25:30there's nothing wrong with going back
25:32either if that's true to you but it's
25:34like why are you going back and I think
25:35that's a really good question if for
25:37anyone that's in a period now listening
25:39to this that's struggling in an area of
25:41freedom it's like if you have that urge
25:43to go back because this happens um do
25:45you know like network marketing so
25:47network marketing is probably one of the
25:48biggest ind was one of the biggest
25:50industries in in in the world for online
25:52businesses
25:54so many people cuz one of our one of my
25:56best mates who has a podcast as well. Um
25:58he is like one of the top earners in
26:00network marketing in his company that he
26:01works for. The amount of people that
26:03have he always says it they have the
26:05same blueprint of as me. It's the same
26:07company. It's the same product. So it's
26:10like what how is how come is so many
26:12people start but they give up so soon.
26:16And he actually it really hit me cuz he
26:17only earned like 50 quid in his first
26:20like I think it was like 3 months of
26:22being there. Most people would quit if
26:25they only earned 50 pound in three
26:26months, but he stayed. And it's a bit
26:28like what you said, you kind of got to
26:30choose your hard because
26:31entrepreneurship, even though online,
26:34you know, seeing the the jungle, the
26:36beaches and all that, it can be painted
26:38out as easy. And obviously when people
26:40are selling programs, then they want to
26:43paint it out as easy. People paint it
26:44out easy to make people then invest. But
26:47it's not easy. But it's also not easy
26:49staying the same either.
26:50>> No. What did Tony We just watched Tony
26:52Robbins 3-day summit and he said if
26:55you're not growing you're dying. You
26:57know every if you think about it even
26:58nature if it doesn't grow it dies and
27:00we're the same. And he also said and I
27:03think this will really help people if
27:04they have hit rock bottom and don't know
27:06how to move forward. He said get out
27:08your head and get in your heart. And
27:10that's something we've been trying
27:11recently because your head your head's
27:13always going to tell you to not do
27:14things right and it's going to find
27:16every reason to keep you safe. So I
27:18think getting in your heart is going to
27:20give you that drive.
27:21>> I love that. So for you then Malcolm, it
27:24seems like you've gone on a on a a crazy
27:26journey. Um I guess I guess call it a
27:30bit of a spiritual journey on your
27:31entrepreneurship because of going
27:32through losing everything to getting
27:34everything to losing everything. You
27:36mentioned you went down the
27:37materialistic route when you obviously
27:40made a lot of money and I know when you
27:41were telling me the type of money you
27:43were spending in like going out to
27:44different places in in America and all
27:46this type of stuff and uh [snorts] the
27:48party lifestyle is what you were living.
27:50So I guess my question to you is how how
27:53has freedom changed now? Cuz you thought
27:56freedom was the material thing. So how
27:58how has it changed now? I've realized
28:01number one that freedom is not having a
28:05bunch of things that I own and having to
28:07worry about constantly on a daily basis
28:09that floods my mind especially when I'm
28:11trying to perform at the highest level
28:13as an entrepreneur. So money is a
28:15resource and there's nothing wrong with
28:16being materialistic. I'm not here to
28:18bash or shame on being materialistic. I
28:20think everybody needs to go through it
28:21to experience life. We're here to
28:23experience. We're here to travel through
28:25life and go on a journey and do all the
28:27fun things. Do everything. experience
28:29love, sadness, everything. So, nothing
28:33wrong with that. I just got addicted to
28:35it. That's what I'm trying to say to you
28:36guys. And it's a resource. Just like if
28:38you're building a house, you need nails,
28:41you use that as a resource. But people
28:43put money on a pedestal so much. What
28:45I've realized is I don't need as much
28:47money to live a freedom lifestyle. I can
28:51live very abundantly and eat very good
28:55if I put myself in the right environment
28:57and I structure everything well in my
28:59life and I actually have more freedom in
29:01my mind and more peace at heart. So,
29:04going back to what you said about going
29:09back to like choosing your heart and
29:12being too much in your head when you
29:14play video games, like you don't you
29:16don't sit there in your head. You just
29:18go again, right? You just continuously
29:20repeat the process and then you get
29:22better and better and better. But think
29:24about the best people in that
29:25environment. And I use that analogy of
29:27video games because most people watching
29:29this can relate. M
29:30>> most people watching this who haven't
29:32started a business may not be able to
29:33relate to any of the business talks that
29:35we're having to that degree because you
29:38may just be in school you may be
29:39watching this tuning in from you know
29:41you work a 9 to5 you you feel like life
29:43is pretty comfortable but you're seeking
29:44something new you want to go into a
29:46different venture you want to find your
29:48freedom you want to find new
29:50opportunities so yeah that's what I
29:53would say like with the video game it's
29:56like the best players that you look at
29:58in the entire world Think about how many
30:00times they had to lose. Think how many
30:02times they had to die. And yeah, if you
30:04choose the heart of having a reality
30:07where everything is designed for you,
30:11meaning you go down the path, you follow
30:15orders and you do what you're told. You
30:18live life that way and you're okay with
30:20it, then I can't say anything
30:22respectfully. We can't be judgmental. We
30:26can only help here. For the people
30:28listening and watching this, we can only
30:30be as influential as we can possibly be
30:32to help the people who really want to
30:34break free. But it's not going to be
30:36easy. Nothing nothing worth having in
30:38life is easy.
30:40>> That is very true. And it's all about
30:42picking your heart, isn't it? It's hard
30:44to do this, but it's also hard to not
30:46feel like you're evolving and you're
30:47growing. And I think we've all
30:48experienced that. That's a lot harder in
30:51my opinion. Um, so let's say if you
30:54could go back to that version of you
30:56that just got into, you know, the Airbnb
30:58space before you had that first, you
31:00know, rugpool moment where everything
31:03left. What would you say to that person
31:06knowing everything that you know now?
31:08>> Good. Keep going. I hope you fail.
31:11[laughter]
31:11>> I hope you fail a lot.
31:12>> Yeah.
31:13>> Because the more you fail now, it's
31:15going to directly contribute to how much
31:17success you build in the future. Because
31:19right now, you should be in school. You
31:21should be going you should just be going
31:23into university and paying who knows how
31:26much money for a degree that you might
31:28not even use and you might eventually
31:31cuz you already want to break free. But
31:32if you don't do that right now, you're
31:34going to eventually have to deal with
31:35the consequences later. You're going to
31:37suffer from it and it's going to feel
31:38like you have no purpose and no freedom
31:40and you're still going to chase that
31:41because that's who you are, right? So
31:44fail. Fail a bunch of times. Lose it
31:46all. go absolutely crazy,
31:50right? And make a bunch of money, spend
31:54all of it. I mean, you told me earlier
31:56that your friend who went network
32:00marketing, he made 50 quid in his first
32:02three months, right? I don't know how
32:04much that converts to dollars, but maybe
32:07>> okay, like $100 in three months, right?
32:10So,
32:11I will tell you the side of
32:14entrepreneurship that people don't tell
32:16you about is when you start a business,
32:17you might go hundreds of thousands of
32:19dollars in debt
32:22>> at the beginning just to start
32:24everything up. But that's just a dollar
32:26figure because people place too much
32:28emphasis on the dollar figure they spend
32:30in their business that's for them and
32:32for their family and for the freedom and
32:34for them to build purpose in life. But
32:38they'll happily go and spend $200,000 in
32:41university education
32:43to then secure maybe secure unless AI
32:47takes over everything in the future. We
32:49should talk about that. Maybe secure a
32:52good job. And then once they have a
32:54career they have to work their way up
32:56and then when they're 60 years old they
32:59can finally take those vacations and
33:00feel free. And by that point when
33:03they're on the beach they're in a
33:04wheelchair.
33:05>> Yeah. If they're healthy enough. if
33:06they're even healthy enough to make that
33:08happen. So that's the way I always saw
33:11it. Again, we need people who work hard
33:14in this world. We this world would not
33:16exist without that. And I'm sure that's
33:18just a really extreme reality that I'm
33:20pointing out. But yeah, I like that. And
33:23I was going to ask as well like if you
33:25could, you know, give advice for someone
33:27to create a freedom lifestyle, but I'd
33:28say you've just you've just said it
33:30there um of the fact of actually go out
33:32and fail. And I think that's another
33:34thing to touch on is perfectionism. And
33:37I think it can be it holds so many
33:39people back, you know, because it's like
33:41this podcast right now, we haven't got
33:44videographers here. We've just done it
33:45ourselves, you know, like but if we
33:48stopped ourselves just cuz there's not a
33:50video. I know you've got a videographer
33:51flying out soon to Mexico, which is
33:54exciting, but we've just done it. We You
33:56don't always need that, but it's a
33:58benefit. And and I think that's where a
34:00lot of people go wrong is they plan too
34:03much. They plan for a year. They plan
34:06the logo. They plan this. They plan
34:08that. And then and yeah, I I like that
34:10message is actually go and fail more.
34:13And it's like a lot of like the best
34:14athletes in the world and the best like
34:16basketball players and stuff like that.
34:17They're the ones that have failed the
34:19most. They're the ones that have tried
34:20the most. So I really like that message.
34:22>> You'll learn more from failing than just
34:24doing a course or it's a school of life.
34:26We
34:26>> school of life. Yeah. School of life.
34:29I wasn't going to ask anything to do
34:31with AI. However, you mentioned you
34:32mentioned AI. So, let's let's let's
34:34let's touch on it.
34:36>> So, in terms of AI for you in terms of
34:38freedom because I think there's a
34:40there's the the polarity of it, right?
34:42It can in my this is from my model of
34:44the world. It can create freedom, but
34:46then also there's that there's the the
34:48the dark side of it potentially. So, I'm
34:50curious to you of like in your business,
34:53how are you using AI? Um, and what do
34:55you think AI is going to do when it
34:58comes to helping people or not helping
35:01people live a freedom lifestyle?
35:03>> You see, there's a polarity to
35:05everything. Like, when there's good,
35:06there's going to be bad. So, I try to
35:09steer away from AI as much as humanly
35:12possible and just build really good
35:14systems that are not relying on it right
35:16now. Of course, AI is going to be a
35:17factor for new things coming up. And
35:19it's an opportunity for people who have
35:21the vision and the entrepreneurial
35:23skills to go out there and serve
35:25themselves well with the tools that they
35:27have. No matter if AI is in the picture
35:29or not, they're using utilizing other
35:31tools to benefit themselves. But the
35:35question is, how does this affect the
35:36working class? And when it does affect
35:38the working class, how does that come
35:39back and bite everybody who was an
35:41entrepreneur in the butt? Because you
35:43rely on these people to fill your
35:45business. And even if you didn't, what
35:47happens to those people? I think about
35:49people. I got into entrepreneurship
35:51because I want to help people, right?
35:54So, I love what AI can do for the world,
35:59but I also am thinking about what it's
36:02going to do to the other side of the
36:03world, the people who are not utilizing
36:05it to build a profitable business or,
36:08you know, things of that nature. They're
36:09just using it for their day-to-day life.
36:11And the reason why I got into the Airbnb
36:13business and built an opportunity for
36:16other people to get into the space
36:18without having to spend an arm and a
36:20leg, but also have someone who really
36:22cares about them, is because I wanted to
36:24help people first and foremost. And I
36:26see a future where universal basic
36:29income is going to become a reality and
36:31everybody's going to be paid to live.
36:34And when everybody's paid to live,
36:35there's no need for them to stay at
36:37their hometown anymore and buy a house
36:39and stay locked in one area because the
36:41true freedom, which we all talk about
36:42now, has been shifting. If you see in
36:44the social media space right now, the
36:46true freedom um and the description of
36:48it is not having a bunch of luxury
36:50things anymore. It's about having time,
36:53freedom, being able to go where you
36:55want, whenever you want, not having to
36:56bring a million things with you and
36:58worry about a lot of stuff and stress,
37:00right? That's true freedom. and do what
37:02you want when you want, but you don't
37:04need to buy things because then I I I
37:07see online people buy supercars. It's
37:09like, okay, where do you park all of
37:10that, right? Where do you like who has
37:11to maintain all of that? Who has to take
37:13care of your house? Who has to clean
37:14this house, that house, this house? So,
37:17when universal basic income comes into
37:19play, what I see happening is now
37:21everybody is traveling. So, I wanted to
37:24get into the travel industry to be the
37:25person to have the opportunity in front
37:28of people who want to get into it, but
37:30also to open doors for people who want
37:32to travel in the future. I feel like
37:34with this new generation coming up being
37:36so revolved around technology and AI,
37:40they're not going to want to work a job.
37:42There's so much social media um what
37:46would we call it? Propaganda nowadays
37:48and everybody wants to be an
37:50entrepreneur. Nobody wants to work a job
37:51anymore. They've seen enough content,
37:53they've scrolled through, they're going
37:55to land on it eventually, right? So,
37:56with this new generation, I wanted to
37:58position myself to be able to serve
38:02them, but also give them an opportunity
38:04to grow a portfolio in the space if
38:06that's what they desire. So I see a
38:08world where everybody stops working,
38:11everybody gets paid and then extra pay
38:15is going to be based upon your social
38:17media clout, how much attention you can
38:20draw, right? But the downside is that
38:24there's going to be a lot more financial
38:26stress, I believe, because with a set
38:29income and no chance of getting an
38:32increase, everybody's kind of living in
38:34a communist kind of state where they all
38:38have the same amount of money to spend
38:39and if they don't make social media
38:41content, they're going to be left behind
38:43and they're going to have issues
38:45financially. So, there's a good and a
38:48bad. I can't per se
38:50think of how it could possibly plan out
38:53because you know this world every time
38:55it changes it seems to shock everybody
38:57like AI just came out of nowhere. You
38:59woke up one morning, you're like, "What
39:01is this chatbt?"
39:02>> All right. And you never expected that.
39:06So that's what I see. I see a future
39:08where nobody works,
39:10>> but they try to build a name for
39:12themselves online.
39:15That's my take on AI.
39:17>> But yeah, you you guys got to just try.
39:19>> I feel like the the biggest thing when
39:21you're watching podcasts like this, ask
39:23yourself the questions, the reflection
39:25questions. Why am I even watching this
39:26podcast to begin with? What value am I
39:28seeking? Like, do I need to try more? Do
39:31I need to work on myself? Do I have all
39:32the answers? Am I just ignoring the
39:35issues I have and just being comfortable
39:37with not serving myself at the highest
39:39level? And that's the question, like you
39:42go into your head way too much sometimes
39:44as well, and you just don't take the
39:46action. You'll play the video game,
39:48you'll take so much action. [laughter]
39:50>> You know, you're not afraid to die
39:51multiple times. You know, you play FIFA,
39:53you lose to your friends a bunch of
39:54times, but in your life, I mean, how
39:56much action have you taken and how many
39:58times have you failed and how many times
39:59have you lost because you fail forward?
40:01>> It's been a powerful conversation. We've
40:03covered a lot.
40:04>> Obviously, you've really touched on what
40:07freedom looks like for you now. So, I've
40:09actually thought of a different question
40:11to end this if you're happy for me to
40:12flow with it.
40:13>> So, a bonus question. I've been thinking
40:15>> we want more.
40:16>> We want more. We want more. What more
40:18value can you give them? And I think
40:19like you just said then, watching a
40:21podcast is one thing, but taking the
40:23action is another. So someone's watching
40:26this now, they're inspired by your
40:27story. What is the one thing they can do
40:30right now before they get in their head
40:33that is going to move them more towards
40:35their freedom lifestyle?
40:37>> Clean your room and go to the gym.
40:39>> Yeah,
40:40>> it's that simple.
40:42Clean your room, make yourself a meal,
40:45go to the gym, and just be with yourself
40:48and your thoughts. I cannot give you the
40:51answer for what you should do cuz that
40:53is completely up to them. But if you
40:57want more and you keep sitting there
40:59watching these podcasts, you can watch a
41:02million videos online, but if you take
41:04zero action and you don't do anything at
41:06all, obviously the result is zero
41:09outcome. You may feel smarter. You might
41:12feel awakened, but there's nothing
41:14that's going to come out of that, right?
41:16So, you got to go out there and put
41:18yourself in the uncomfortable position
41:19and do the thing and then just see what
41:22happens and fail forward. You don't have
41:24to start a business. You might have a
41:26passion you want to pursue. You might
41:27have something you've been wanting to
41:28do, but you've been holding off. Just go
41:30do that thing. Go live your life. That's
41:32freedom. Freedom doesn't mean owning a
41:34business, guys.
41:35>> It doesn't.
41:36>> Freedom. You can be the least free
41:38person in the entire world and own a
41:40business. Freedom does not mean
41:42celebrity status. You can be completely
41:44tied to the record labels, following
41:46every single design plan for you, even
41:48more trapped than working a 9 to5 and
41:51have all the money in the world, or so
41:53it seems, but have absolutely no freedom
41:55in your life at all. And you just sell
41:57your soul entirely.
42:00Freedom is what you believe you deserve
42:04and just going after it and trying and
42:06failing over and over and over again
42:08until you accomplish that thing. Because
42:10once you get to the destination, you're
42:11going to realize, uh, I'm not excited
42:14anymore. What's the next thing? I want
42:15purpose. I want to keep going. I want to
42:18start a family. I want to build a
42:19beautiful life for my family. There's so
42:22many things to explore in this life.
42:25>> Don't get overwhelmed, though.
42:26>> I mean, you're an extremely wise man for
42:30your age. It's impressive. And why are
42:31you so wise? Because you've failed a
42:33lot. You've tried a lot. You started at
42:36a very young age. You started
42:37>> I will say, go on. I'm just an idiot
42:40that failed a bunch of times. I am not
42:42smart.
42:43>> Okay. Well, I I think my perspection is
42:46you're you're very intelligent and
42:48you've got a lot of amazing wisdom and
42:49that's why we're extremely grateful that
42:51you were actually our first um guest,
42:54you know, for of season 2, which is
42:56which is huge and yeah, so grateful to
42:59to have you on here. And the exciting
43:01thing as well
43:03is we're actually going to if you want
43:05I'm sure you're going to want more of of
43:07Malcolm's knowledge and wisdom. We're
43:09actually going to be running an an
43:10exclusive Q&A with Malcolm inside the
43:12freedom lifestyle community so you can
43:14get connected with Malcolm more,
43:16especially if you're someone that wants
43:17to get into the property space in in
43:19Airbnb is is his main specialty. Um, so
43:23yeah, get connected with Malcolm, get
43:25connected with us and it's been a
43:27pleasure and we're extremely grateful
43:29for where this is going to where this is
43:30going to take all of us, but we're very
43:32grateful for you coming over to our
43:34place in Mexico.
43:35>> Yeah. And now we're ready to go to a
43:37cacao ceremony
43:39>> and live
43:40freedom
43:41>> lifestyle [laughter]
43:42#freedom
43:43>> lifestyle. It's pleasure. I'm really
43:46happy to be here and just share my my
43:48thoughts and my perspective and all my
43:49experiences with you guys. I will see
43:51you on the Q&A. So look forward to that.
43:54Do join it. We'll be there. You better
43:56be there.
43:57>> I said go to the gym, but join
43:59afterwards. [laughter]
44:01>> Yeah. or go to the gym first and you'll
44:03be in an even better energy for the Q&A.
44:07>> Thank you. Good night.
44:08>> Thank you. Thank you. Thank you. A
44:09wiggo.

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