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SUCCESS -MAKING $$ - BUSINESS - STOCK MARKET - REAL ESTATE — Transcript

by Rich Piana · 4,424 words · 576 segments · language en · Watch on YouTube

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0:09hey what's up everyone so today let's
0:12talk some [ __ ] business um you know
0:15what's crazy is that the last I don't
0:17know four or five events that I've done
0:20um the number one question I've gotten
0:22is it's mostly younger people too which
0:25is awesome it's mostly the younger
0:26generation uh I would say the 15 through
0:3124 year olds um the question has been
0:34You Know Rich you know I I I'm looking
0:38you know for my future I'm looking to
0:40make money I'm looking for what kind of
0:42business to go into what you know what's
0:45the best direction for me to go and
0:47that's that's the question I get the
0:49most and it's from the younger
0:50generation which is awesome that they're
0:52thinking that way you know because when
0:54I was that age you know I wasn't
0:56thinking that way my mind didn't start
0:58working as far as me worrying about my
1:00future or you know you know what I was
1:03going to do for the rest of my life I
1:04didn't start thinking like that till I
1:06was about
1:0820 22 23 is when it really kicked in and
1:12I really started you know focusing on my
1:15future and you know uh making money and
1:18trying to get ahead uh while I was still
1:20competing bodying which is almost you
1:23know uh a no win
1:25situation so uh it's hard to get ahead
1:28when you're competing in body willing
1:29contest everyone knows that um but
1:31that's when I started focusing so it's
1:33great to see the younger generation
1:34focusing on that stuff at such an early
1:36age I mean 15 16 year olds talking to me
1:38about this stuff which is
1:40unbelievable and you know it's mostly
1:42the internet you know being able to
1:44watch videos and listen and learn things
1:46you don't learn in school you know which
1:49there's so many things that they need to
1:51teach in school that they don't um but
1:54let's get down to
1:55business so uh I've talked in the past
1:59you know about stock market I've talked
2:01about real estate I've talked about
2:02opening your own business I've talked
2:04about different things and so let's talk
2:07about the stock market stock market
2:09you're going to need money to make money
2:10okay most the people
2:12inquiring uh my advice and again I'm not
2:16a [ __ ] expert at this I don't claim
2:18to be an expert I'm not an expert I can
2:21just tell you what I know from my
2:22experiences and that's about it so uh
2:25don't get me wrong I'm not trying to act
2:27like I'm a teacher in any way shape or
2:28form just people [ __ ] ask so I'm
2:30going to [ __ ] answer you guys tell me
2:32what you want to hear I'll [ __ ] tell
2:33you I'll tell you the exact [ __ ]
2:36truth um stock market you need money to
2:39make money so I don't think this
2:42category applies to most of the people
2:44out there watching my videos and uh I
2:48had a younger gentleman tell me that he
2:49had $10,000 saved up and he was
2:52wondering if that was enough money to
2:53get into day trading and it is but when
2:57I told him the possible amount of month
2:59the income he can expect to make doing
3:02it safely um he you know he wasn't that
3:06enthused you know with the amount of
3:08income he was going to be making
3:09considering he put $10,000 you know into
3:12a firm to trade with so I don't I think
3:15most people are not going to choose that
3:18route as far as uh you know the stock
3:20market as far as long long-term
3:22investing short-term day trading um you
3:25really need to have quite a bit of money
3:27in your account to make decent money at
3:30least money enough to live off of and
3:32save and get ahead um I would say you're
3:36going to need at least 4050 $60,000 in a
3:41brokerage account in order you know to
3:45safely day trade lowrisk Blue Chip
3:49stocks and uh you know make a
3:51considerable amount of money per month
3:54um so I would say that's probably out
3:56for most people um as far as real estate
4:00same thing you know you need money to
4:01make money um or you need a house that's
4:04currently yours you can pull the equity
4:05out you know um but if you don't have
4:08money you know you don't have money safe
4:10for down payment you real estate really
4:11isn't going to work and you know you see
4:13these you know getrich quick schemes
4:16with real estate and stuff and you know
4:18I think you all know that if it's too
4:19good to be true it's probably too good
4:22to be true so don't go that route uh so
4:26where are we left we're left with
4:27opening a business now
4:30I would say you know there was a time
4:33when the internet you know was going
4:36crazy and when it came to stock market
4:39you know the market was out of control
4:43everyone was making [ __ ] so much
4:45money there was a time when the real
4:46estate market was on its way up and
4:48there was everyone was making so much
4:50money and it was crazy and you know that
4:53time is gone and pass and I don't see
4:55that happening anytime in the near
4:57future you know the market the real
4:59estate market stock market it's it's
5:02it's not going to do that so you know as
5:04far as you know what happened back
5:07whenever it was 12 12 maybe 12 15 years
5:11ago it's not going to happen again at
5:13least not for a while so uh but as far
5:16as opening your own business now is a
5:20million times easier than it was back
5:22125 years ago you know um it's a million
5:27times something with social media at our
5:29finger tips you know to to have a
5:32successful business it's
5:34it's it's so simple I mean it's
5:39it's it's it's amazingly easy to have a
5:42successful business and that would
5:44definitely be the road to go for anyone
5:46out there who's looking you know to you
5:50know to get ahead you know to at their
5:53future as far as you know making money
5:56and and being successful I would say um
5:58opening your own own business and I when
6:01I say your own business I'm talking you
6:03know uh internet based business not a
6:05storefront you know it's it's low
6:08overhead you know it's not a very big
6:10investment and you can Market the [ __ ]
6:12out of it on social media now if you
6:15don't have social media following which
6:17is a lot of people out there you have to
6:19understand that other people out there
6:22do so you know you can use other
6:26people's social media to benefit your
6:28business
6:30and you know you might have friends you
6:32might have family you might have cousins
6:33you might have someone who has a decent
6:36you know social media platform and they
6:37might help you advertise your business
6:40on their social media or you can always
6:43pay people to help you advertise on
6:45their social media which you know the
6:48amount of money you pay for what you get
6:50in return it's a no-brainer you know I
6:54mean someone out there who has typically
6:58200,000 follow
7:00you know you could pay them maybe 300
7:02bucks I would say as average um for them
7:05to post something advertising your
7:07business for a day and you figure
7:10200,000 people are going to see that
7:13that post you know I mean how much
7:15business is that going to bring to your
7:17business well um depending on who's
7:20posting it you know um what their
7:23followers are into I mean you know if if
7:26it's something to do with the fitness
7:27industry and the person that has 200,000
7:30followers is you know big in the fitness
7:32industry then obviously most of their
7:34followers are involved in the fitness
7:36industry and your product is something
7:39that they could use or might possibly
7:41want to want to purchase you know or
7:44need so the chances and the business you
7:47can get from that one post is huge
7:51huge um you know you you could you could
7:54you could sell thousands you know of
7:57items off that one post for 300 bucks
8:00you know so you figure out you know your
8:02profit margin what you're making as
8:04opposed to what you're investing in the
8:06marketing and it's really next to
8:08nothing you know you have to have a
8:10website you know you can nowadays you
8:12can build your own website it's pretty
8:14simple um I can't but most of you out
8:17there can um you know and uh coming up
8:21with a product I guess that's the
8:22difficult part is coming up with a
8:23product that um that is is different
8:27that possibly hasn't been done
8:29um you know that you think is something
8:32people definitely need or would want in
8:35their lives and that's the tricky part
8:39but it's crazy CU there's so many things
8:41out there that haven't been done there's
8:43so many things out there things pop in
8:46my head on a daily basis you know I'm
8:47just so busy with the stuff I'm working
8:50on that I just can't run here and run
8:52there and you know start all these new
8:54projects but things pop in my head daily
8:56and I'm sure if you guys open your minds
8:59and and you know think in that direction
9:0124/7 things will pop in your head and
9:04you'll come up with ideas and you know
9:07the for me it's not so much coming up
9:10with ideas it's me picking out which
9:12idea I think is the best to move forward
9:14with um ideas pop in my head all the
9:16time so let's say you have 20 ideas you
9:18know you sitting there working out which
9:21idea is the best to move forward with
9:24you know that's that's that's the hard
9:25part for me there's so many
9:27possibilities out there and and you know
9:30once you
9:31find that product that idea you know you
9:36simply build a website you know take
9:39pictures of the product and start
9:41marketing it you know and you know how
9:43you Market it is very important um you
9:46know who you Market it to and you know
9:50you sit and figure out the numbers and
9:54um the investment is so small and the
9:56rewards can be so huge and and you know
10:00I you know I've had three clothing
10:04businesses in my day and I made money on
10:07all three and the reason the first two
10:11didn't continue being successful was
10:14they grew too fast and I didn't have the
10:18means to keep them going so it's
10:22something that needs to be thought about
10:25ahead of time is you know if you're
10:27going to start a clothing line like say
10:30you don't need to come out with eight
10:32products you know eight different you
10:33know items of clothing you come out with
10:35one or two Market the [ __ ] out of them
10:38you know and then as a business grows
10:40you add more items um I had a clothing
10:43line that had it probably had about
10:46eight different items and what happened
10:49is I I got my clothes in nine different
10:53stores and they sold really well and
10:58when it was time for for me you know to
11:01bring them new clothes they weren't made
11:04yet because I didn't have the funds and
11:06then what happened is they needed this
11:08was my clothes were winterstyle clothes
11:11and summer you know was around the
11:13corner and uh when they asked for my
11:16summer line I didn't have a summer line
11:18so they basically took my winter line
11:20out and I had nothing and that was it
11:23and you know if um you know I at the
11:26time I didn't even think summerline
11:27winter line you know I was just fing
11:29selling clothes I didn't know what the
11:31[ __ ] I was doing you know but when you
11:32get the clothes in stores you know
11:34there's certain way things work and you
11:36have to know you know know all these
11:38details and so forth so um that clothing
11:41business obviously could have been very
11:43successful I just didn't have the means
11:45to keep it going you know I was clueless
11:48um I didn't know what I was doing but I
11:50had a very very good
11:52product obviously um because it sold
11:55right away and I couldn't keep up with
11:57the demand and then you know they have
11:59for my summer line and I didn't have a
12:00summer line so that was pretty much it
12:03um I couldn't you know go and have a
12:05summer line made in a couple days you
12:07know it doesn't work that way I was
12:08doing all my stuff in Downtown LA and I
12:10was having all my stuff custom made so
12:14it was a lot of work what I was doing um
12:16that clothing line by the way was called
12:19Bell and uh you know some people might
12:22even you know older people out there
12:23might remember but uh bo Bell is
12:26basically French and Bo is uh handsome
12:29for a man and Belle is beautiful for a
12:31woman and uh you know they're basically
12:33clothes that were designed for you know
12:36people that look good you know and these
12:38clothes actually made you look better um
12:41the way the clothes fit you know they
12:44accentuated the body and you know this
12:47was back probably 18 years ago back when
12:50the bodybuilders were wearing tights and
12:53you know we were wearing you know little
12:55string tank tops and you know it was a
12:58different time then um you know we we
13:01dressed you know uh nowadays it'd be
13:05made fun of but it's kind of come back a
13:06little bit but you know the late 80s
13:08early 90s was you know a nightmare for
13:10bodybuilders you know we dress like
13:12clowns but the clothes were up that
13:14alley as far as making you know your
13:16body look a lot better than it really is
13:18and um I took a lot of time in
13:20developing the patterns and so forth and
13:22anyone that tried the clothes on were
13:23sold you know if that's what you were
13:26into um but anyway uh you know my my
13:29second my second clothing line was
13:30called inflict pain and that I brought
13:33that out right when the UFC first came
13:35out you know I I I came out with that
13:38clothing line before Tapout came out
13:40with theirs believe it or not and you
13:42know it was it was basically uh you know
13:46ego driven clothes uh you know to do
13:49with fighting and so forth um Ultra ego
13:52and uh you know it was some good [ __ ]
13:54and people out there that were in the
13:56the chat rooms back in the day probably
13:58remember but um I sold a shitload of it
14:01you know through the chat rooms you know
14:03back in that time and um it became
14:06popular and um I just uh you know again
14:10couldn't keep up with the demand you
14:12know I just didn't have the the means
14:14necessary and what happened is I didn't
14:16do it to turn into a clothing line I did
14:18it for for fun cuz I was into fighting
14:20and into MMA back then and that wasn't
14:22there were no clothes it had to do with
14:24that until Tapout came out so um I was
14:27you know doing MMA and I was watching it
14:29you know right after the first UFC so I
14:32came out this little line for you know
14:34the people that in the class with me and
14:36at the gym and you know and uh someone
14:38saw a picture of me posted on the chat
14:40room they asked about it I put the
14:41information up next thing you know
14:43people started wanting to order it so I
14:45created a website you know and it kind
14:47of turned into a accidental business and
14:50um I just couldn't keep up with the
14:51demand because it wasn't something I had
14:53planned on you know doing at the time
14:55but anyway I'm kind of going off and
14:57tangent talking about my businesses
14:58which
14:59hopefully can help people when they're
15:01thinking about what they're going to do
15:02so they don't make the same mistakes I
15:04made um
15:06but that's my advice to everyone out
15:09there that's looking you know to to
15:12start their own business or do their own
15:14thing and get out of the whole N9 to5
15:16working for someone else making someone
15:17else money um you know the whole goal is
15:22you know you want to be working you know
15:24to make yourself money not working your
15:26ass off to make someone you know to make
15:27someone else money right
15:29so um people out there that want to get
15:31out of that 9 to5 job I would suggest
15:34looking into you know open up you know
15:36coming out with the product and uh you
15:38know opening a business and selling that
15:39product and marketing it um through
15:42social media and you know there's so
15:45many here's a real quick example is you
15:46know someone you know a company recently
15:49came out with you know putting the the
15:52scooper of the protein powder you know
15:54on top of the bottle right so you open
15:56up the lid there's a scooper well how
15:59many years did it take
16:02us dumb [ __ ] including myself to stir
16:07around the [ __ ] protein powder
16:09looking for the [ __ ] scooper getting
16:11your hand all [ __ ] Dusty and spilling
16:13powder all over the floor and making a
16:14[ __ ] mess how many years did we do
16:16that before someone said hey I got an
16:18idea why don't we put the scooper on top
16:20oh yeah that's it's just stupid [ __ ]
16:23like that where you know there's so many
16:25[ __ ] ideas that are right in front of
16:27our [ __ ] face that we don't [ __ ]
16:28can see now I was told that this company
16:32um actually trademarked this and no
16:35other company can do this unless they
16:37get permission by them I don't know if
16:38that's true um but if it is you know
16:41obviously there you go there's a [ __ ]
16:42idea right there you know someone
16:44[ __ ] was digging for the protein
16:46powder and said hey I got an idea why
16:47don't I put a [ __ ] scooper on top
16:49trademark that [ __ ] every company wants
16:51to do that they got to pay me you know
16:53this much money and there you go there's
16:55your answer right it's pretty simple
16:58there's [ __ ] like that all over the
17:00place every day in our daily life we
17:03miss little things like that that are
17:06money-making ideas you know and if we
17:09open our eyes and we really pay
17:10attention to what the [ __ ] is going on
17:12in life you know we can we can come up
17:15with these these simple ideas to make
17:17money you know it's just our mind has to
17:19be geared towards that you know your
17:21mind has to be geared towards making
17:24money you know being
17:26successful and you know the people out
17:29there that are geared towards
17:30bodybuilding you're not missing meals
17:31you're not missing workouts you're not
17:32missing you know whatever supplements
17:35because your mind's geared that way so
17:37you just got to have your mind geared in
17:40the way of making money getting ahead
17:42being successful and if your mind's
17:44always thinking that way you're going to
17:46these ideas are going to jump out at you
17:48and you're going to be having ideas pop
17:49in your head and uh the right idea will
17:52come along and you jump on it and there
17:54you go you know and um it's it's a lot
17:58easier than people realize you know you
18:01just have to be [ __ ] working on it
18:0224/7 you know thinking about it
18:05brainstorming you know coming up with
18:07ideas coming up with different products
18:10and also you know thinking about the
18:12marketing aspect you know going on
18:13social media figuring out social media
18:16you know coming up with new ways that
18:18you can use you know to Market your
18:20product you know um you know maybe you
18:23can hold contests you know where this
18:26that you know I'm just throwing things
18:27out at you that you go and you just
18:28brainstorm and you can come up with
18:30ideas that no one else has even come up
18:33with you know marketing ideas on social
18:35media that people haven't even thought
18:37of you know um it's it's up to you you
18:41know but you just have to have that
18:42mindset and you have to focus and and
18:45you know really think about this [ __ ]
18:47and really just you know concentrate and
18:52just you know for hours and hours and
18:54hours and [ __ ] will pop in your head and
18:57um people have been ask asking me to do
18:59a video on day trading do a video on
19:00real estate and um I could I don't think
19:03it's going to be that helpful because
19:05you know you're going to have to have
19:06somewhat of a
19:08portfolio um you know you're going to
19:10have to have money to start a portfolio
19:13and I don't think a lot of people out
19:15there have you know that much cash to
19:17actually make money in day trading or
19:19you know real estate buying real estate
19:21so I think the business you know the
19:24business idea is the best and you know
19:26to sit here and from A to Z you know
19:29come up with an idea right once you have
19:31the
19:32idea um you know think about how to
19:35Market it think about what audience you
19:37know um what's what's the best way to
19:40Market it with spending the least amount
19:42of
19:43money um you know um another thing is
19:48people out there that don't have an idea
19:50you can start working on your social
19:52media now you can start coming up with
19:54ideas with social media and how to
19:56Market [ __ ] you know as you know you're
19:58trying to find you know an idea of what
20:02you can sell you know or what you can
20:05promote but um but anyway guys uh that's
20:09my two cents on business and if there
20:13was any Direction I Would point you in
20:15it would be starting your own business
20:18and coming up with your own product and
20:21you know marketing on social media
20:23starting a website and um you know
20:26starting that business out of your home
20:28you know people order [ __ ] and you fill
20:30the orders take them to the post office
20:32send them out and before you know you're
20:34hiring employees to work in your home to
20:36fill the orders next thing you know you
20:38have an office next thing you know you
20:40have a warehouse next thing you know you
20:42have a full-on [ __ ] business and
20:43you're [ __ ] killing it and you know
20:46that's that's where all these businesses
20:47start you know all these top you know uh
20:50businesses that you hear of Microsoft
20:53[ __ ] Ben and Jerry's like all these
20:55businesses they started in a
20:56[ __ ] garage you know with with
20:58two [ __ ] young eager [ __ ] kids you
21:01know wanted to be successful and they
21:03had an idea you know and you know right
21:06now if you told me your idea was [ __ ]
21:09ice cream I'd say uh I think you can
21:11probably come up with a better idea than
21:12that but hey you know when to came to
21:14Ben and Jerry's that was their [ __ ]
21:16idea and look where they are now you
21:17know I don't know if you guys know the
21:19story behind that but anyway it's a it's
21:21a pretty interesting story um you know
21:24same with Microsoft you know stting in a
21:26[ __ ]
21:27garage um you know Facebook I mean all
21:29all these businesses they all started
21:31somewhere and they start on a small
21:32scale you know and they've been built up
21:34to you know multi-million billion dollar
21:37businesses so uh that could be you so uh
21:41start thinking use your brain and uh
21:44focus and uh you know keep your head in
21:47that direction and next time you're
21:49you're scrolling on Instagram wasting
21:52your [ __ ] day remember what Rich
21:53Piana told you [ __ ] stop wasting your
21:56[ __ ] time you know social media
22:00should be used for business man not for
22:01[ __ ] personal you know your life
22:04should be [ __ ] interesting enough
22:06that you don't give a [ __ ] what other
22:07people are doing in their life so if
22:09your life is that uninteresting to where
22:13you're caught up in other people's lives
22:16then you need to make some changes man
22:17and make your [ __ ] life interesting
22:19as [ __ ] to where you don't even care
22:21what the [ __ ] other people are doing
22:22because your life is fun filled with
22:24some [ __ ] you know awesome ass [ __ ]
22:27to where you don't give a fck [ __ ] what
22:28other people are doing so uh that's your
22:31goal so uh don't let me [ __ ] see you
22:34wasting your time on Instagram scrolling
22:35through the news feed or better yet
22:37Facebook scroll through the newsfeed put
22:40your [ __ ] brain to use put your time
22:42to use and you only have 24 hours in a
22:45day make it [ __ ] useful make it
22:48worthwhile and uh put your brain to work
22:50and come up with some [ __ ] and uh you
22:53know and there's enough money in this
22:55world for all of us so [ __ ] let's get
22:57that [ __ ] money
23:00[Music]

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