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Lessons From the Real Wolf Of Wall Street

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https://www.huffpost.com/entry/lessons-from-the-real-wol_b_7066980

huffpost.com

Lessons From the Real Wolf Of Wall Street
Australian business coach and powerhouse Kerwin Rae shared with us some seriously insightful perspectives on addiction and what to do when life falls apart with help from the infamous Jordan Belfort. The entrepreneur and international speaker who chatted with Profoundly Human spilled on what it was like partnering with the real Wolf of Wall Street shortly after Jordan Belfort was released from prison.

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Jordan Belfort's life

... was modelled by Leonardo DiCaprio in the 2013

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Lessons from the real Belfort

Lessons from the real Belfort
  • The importance of thinking big. "Belfort thinks very big, he talks in very big numbers."
  • The dangers of instant gratification. "people say ‘well instead of...

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Being friends with your employees

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Do not rule someone out

... because of past issues.

Jordan Belfort took a chance on a handful of employees that were in dire situations. Despite past misconduct or lack of experience, he looked at personality and work ethic when making decisions.

As a result, he hired many of the "wrong types" of people. These people did great work for him, and felt indebted for the opportunity. It teaches to look beyond a resume or a few key signals when making hiring choices.

Building a company culture

Social gatherings are a great way to build company culture. Stratton Oakmont was extremely creative about the events that they had. These activities created a stronger bond between people at the company and offered a fun, social outlet.

Company get-togethers do not have to be as morally wrong as Stratton Oakmont's were to accomplish the same thing. Rather, it takes extra creativity and effort from a company.

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The Wolf of Wall Street film

Leonardo DiCaprio plays Jordan Belfort, the infamous Wall Street stock market guru who built an incredible fortune selling penny stocks and laundering money, before facing the wrath of the FBI, prison...

Eat your pride and start from scratch

Belfort's career started at a high-flying stock broking firm, but when it crashed he found himself at a dodgy local operation that sold worthless ‘penny stocks’ in companies unlikely to succeed. Not perturbed, he fearlessly built a livelihood from scratch.

Have passion

DiCaprio’s portrayal showed how much Belfort loved his industry and was intensely motivated to sell and succeed. 

If a business owner channeled passion like this in a legal way, there would be no stopping them.

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Top business lessons to take away

Top business lessons to take away
  • Have a vision in mind, and let that steer your decisions. Belfort didn’t get rich by accident.
  • Sell Yourself. Belfort acted powerful and wore fancy suits, and p...

The Wolf of Wall Street

The film stars Leonardo DiCaprio as Belfort, a New York stockbroker who runs a firm that engages in securities fraud and corruption on Wall Street in the 1990s.

Life lessons

  • Sex matters. In all aspects of our lives, it's good to ask, "what does sex have to do with it?"
  • Sex can be as addicting as cocaine. "When our desire for 'more sex' interferes with our family or professional lives, we are looking for love in all the wrong places."
  • Many of us settle for sex when we're really looking for love.
  • There is a strong drive to be part of a male tribe.

  • The same forces that bring us together within a tribe often pit us against other tribes. "For humans there is always a selfishness at the group level. Humans nearly always put Us ahead of Them."

  •  The way we treat "them" is the way we ultimately treat ourselves. 

    Truly, what goes around, comes around.

Shopping Addiction

Shopping Addiction

Compulsive shopping is when chronic, repetitive buying habits have serious consequences and become a disorder, similar to drug addiction. Conscious spending is one of ways we can o...

Overspenders

People do not even know that they are addicted to shopping and are unable to understand the problem.

Their confused relationship with money is looked upon by them as a symptom of the other problems of their lives. Many victims feel lost and are unable to control themselves out of the addiction consciously.

Warning Signs Of Shopping Addiction

  • Shopping due to being angry, sad or disappointed.
  • Shopping being the reason for problems or chaos.
  • Having arguments with others regarding spending habits.
  • Not leaving home without the credit card.
  • Buying on credit what cannot be bought by cash.
  • The act of spending causing anxiety and euphoria.
  • Shopping with a gambling mindset.
  • Feeling ashamed, embarrassed or guilty about buying useless stuff.
  • Lying and juggling bills and accounts to be able to spend more.

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Disease of More

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Regardless of our external circumstances, we live in a constant state of mild-but-not-fully-satisfying happiness. Things are pretty much always fine. But they could also always be better. And that's why most of us live most of our lives constantly chasing our imagined "better".

The hedonic treadmill

It's the constant chasing of pleasure. 

People who are constantly striving for a “better life” end up expending a ton of effort only to end up in the same place.

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    The way to overcome the problem of "Feedback Frequency" is to change your 'Step Size', which is inversely proportional to the feedback received. This is done by:

    • Slowly Decreasing Step Size: Take less feedback in the beginning but increasing it as you move closer towards your goal.
    • Cycling between small and big Step Size: Taking less and more feedback in intervals.
    • Increasing the momentum of Step Size: Taking more feedback in the beginning and as you learn, decrease the amount of feedback and move forward faster, using the momentum.

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      Life as a Tragedy

      Jordan Peterson’s view of the world around him is complex, and he tries to simplify this with books.
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      Napoleon Hill...

      ... is the most famous con man you’ve probably never heard of. 

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      “If you don't know where you are going, any road will take you there.”

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