Ed Mylett: The Power of One More | E173
Ed Mylett: The Power of One More | E173
Do you want to be happier and wealthier? Don’t let your mindset or fear hold you back. Peak performance expert and best-selling author Ed Mylett wants to help you achieve your goals and become the best version of yourself. Through visualization, hyper-focus, setting goals with intention, and his “one more day” technique, Ed believes you, too, can make your dreams reality. In this episode, Hala and Ed chat about Ed’s new book, The Power of One More, Ed’s childhood and how it influenced his life, why Ed believes in the importance of “touching” your dreams, the role of the Reticular Activating System (RAS) and how we can program it to help us, the trilogy of identity, the role intention plays in setting goals, and everything he’s learned along the way.
– Ed’s difficult childhood and his transformation into self-confidence
– How he mastered communication skills
– Ed’s father’s struggle with sobriety and how Ed knows that people can change
– Experience working at a home for underprivileged boys (orphanage)
– The importance of focus and getting good at one thing
– The need to experience/touch your dreams
– The role of the Reticular Activating System (RAS)
– Repeated hyper visualizations of your dreams
– How to program RAS in the right way
– Defining identity and how it’s shaped in childhood
– The trilogy of identity
– The role intention plays in achieving goals
– How does Ed design his social circle?
– Difference between self-confidence and identity
– How the loss of his uncle impacted his health
– How he sets goals and standards
– What Ed means by blissful dissatisfaction
– Ed’s actionable advice
– Ed’s secret to profiting in life
– And other topics…
Ed Mylett is a business leader, peak performance expert, life and business strategist, author, and podcaster. Ed got his start in the financial services industry, where his success earned him a spot on the Forbes 50 Wealthiest Under 50 List. Ed is now involved in a range of ventures, including technology, real estate, health, food/nutrition, and more.
Ed is the author of Max Out Your Life and The Power of One More – The Ultimate Guide to Happiness and Success (June 2022). He is also the founder and host of his podcast and YouTube Channel, The Ed Mylett Show.
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The Power of One More: https://thepowerofonemore.com/
The Ed Mylett Show: https://podcasts.apple.com/us/podcast/the-ed-mylett-show/id1181233130
Ed’s books: https://www.amazon.com/Ed-Mylett/e/B07G7H2JTB
Ed’s Website: https://www.edmylett.com/
Ed’s Linkedin: https://www.linkedin.com/in/edmylett/
Ed’s Twitter: https://twitter.com/EdMylett
Ed’s Instagram: https://www.instagram.com/edmylett
Ed’s Facebook: https://www.facebook.com/EdMylettFanPage
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Hala Taha: [00:00:00] You're listening to YAP, Young and Profiting Podcast. A place where you can listen, learn and profit. Welcome to the show. I'm your host, Hala Taha. And on Young and Profiting Podcast we investigate a new topic each week and interview some of the brightest minds in the world. My goal is to turn their wisdom into actionable advice that you can use in your everyday life, no matter your age, profession, or industry.
There's no fluff on this podcast and that's on purpose. I'm here to uncover value from my guests by doing the proper research and asking the right questions. If you're new to the show, we've chatted with the likes of ex-FBI agents, real estate moguls, self-made billionaires, CEOs, and best-selling authors.
Our subject matter ranges from enhancing productivity, how to gain influence, the arch of entrepreneurship and more. If you're smart and like to continually improve yourself, hit the subscribe button because you'll [00:01:00] love it here at Young and Profiting Podcast. This week on YAP, we're chatting with Peak Performance Expert, global keynote speaker, podcaster phenomenon, and bestselling author Ed Mylett.
Ed started off his career in the financial services industry, climbing up the corporate ladder at World Financial Group. He eventually left his executive position to set out on his own as an entrepreneur. Today, Ed is an uber-successful business mogul, holding stake in a few dozen companies across technology, real estate, health, and nutrition.
And he has a reported net worth of over $450 million. Ed is also the best selling author of Max Out Your Life and his new book, The Power of One More just dropped earlier this week. Ed's weekly podcast The Ed Mylett show is frequently ranked as the number one entrepreneurship podcast on Apple. Now, Ed might seem like he always has had it going on, but he actually didn't come from a wealthy family.
In fact, Ed's childhood was far from idyllic, but it's what [00:02:00] Ed learned through overcoming hardships and challenges that makes him the charismatic, genuine, and motivational leader that he is today. And that's why I'm super excited to bring you this conversation. It's honestly one of my favorites so far all year.
In this episode, Ed and I talk about his father's struggle with sobriety and what it taught him about the ability to transform. We learn why Ed believes you need to touch your dreams in order to make them a reality. And we take a close look at his new book, The Power of One More, digging into topics like regulating our identity, programming our reticular activating systems, and we hear his top tips to build self-confidence and so much more.
If you're looking to be inspired, change your life for the better and get everything you've ever wanted. You've gotta hear what Ed has to share. I promise you're gonna love this one.
Hey, Ed. Welcome to Young and Profiting Podcast.
Ed Mylett: Thank you for having me. I've been looking forward to this all day. I'm excited.
Hala Taha: Me too. I'm psyched. You are one of my favorite podcasters. We interview a [00:03:00] lot of the same people, and so I usually listen to your show before the guest comes on my show. I study with your show, and so you're one of my go-tos. And for those who may not know you, you're renowned keynote speaker, a performance coach, an entrepreneur and a best-selling author, you're worth hundreds of millions of dollars.
You've built nine figure businesses and now you hold ownership stake in 23 different companies. So that's all really exciting stuff. You also just launched are, you're about to launch your newest book called The Power of One More. It comes out in June. So we're gonna dive into all of that. But before we get into it, I always like to take it back to your younger years and you are way different back then.
I think it's gonna be super inspiring from my listeners to hear how you've transformed. So based on my research, you grew up in California. You were the only boy in a family with three younger sisters. You are a scrawny kid, nicknamed Eddie Spaghetti , and you seem really confident and outgoing, but it turns out you weren't always like this.
So talk to us about what you [00:04:00] were like as a child and a teen.
Ed Mylett: Thank you for preparing so well. That's awesome. I respect that cuz I do have a show. Child, insecure, shy, anxiety, fear, depressed. That sounds good, doesn't it?
Hala Taha: Yeah.
Ed Mylett: I'm the child of an alcoholic father, so I was raised the power of one more. The book I have is a lot of lessons in that in my life about that. But so when you're raised with a dysfunctional family, you just grow up with anxiety and you don't grow up feeling very good about yourself. So many mornings I would leave my house just ashamed. And why do I have to come from this family when everyone's got a normal family?
And then I was small. Like he said, I got bullied a lot in school and so I got into personal development. By the way, my dad, the good news is my dad got sober and completely changed his life, which we'll talk about. Funny thing, my dad got sober on 4/20. So my dad, Friday birthday is 4/20, which is hilarious only my dad would do that.
But what happened for me was that I was good in sports. I was a good baseball player, so that was the one place I could flourish. But I had to learn about personal development and self-help and the strategies of [00:05:00] building confidence and visualizations in your particular activating system in your brain and all these other things just to become a baseline functioning human being.
And then when I got there, I'm like, Wow, I'm good at this. I have my own strategies, my own style, my own things I've learned that my recipe. And then I started to take 'em to another level. And then I think I became a pretty self-confident person. It doesn't mean that I still don't struggle with some insecurity or fears, cuz I do.
But I transformed myself with the stuff that I write about in this book because I had to. And so when you say hundreds of millions of dollars and all that like that still to this day is so bizarre to me that's true. Had you met me at any age, like even high school, I wasn't like a loser in high school.
I was just like, Oh, there's Eddie Mylett, just another dude. You would've never picked me. I didn't have great grades, but I wasn't the dumbest kid. You know what I mean? Like I just was there. I was just a dude.
Hala Taha: Yeah. It's so interesting how people transform and you always talk about those small actions that like really compound over time.
And so for you is [00:06:00] like hard work. It's not like you have this like extraordinary, I heard you on an interview say that you had a very average IQ. It's not like you're some very like extraordinarily smart person. You just work hard, right?
Ed Mylett: Yeah. I work smart too, so yeah. I'm not high IQ. In fact, the funny thing, I recently, for the second time, just for fun in my family, there's my wife and two kids.
We took the IQ test again. I'm fourth outta four in our own house, so go with that. I know my limitations, like I gotta outwork people, but I also have to have stuff that, that I can cut corners on in life that are legal. You know what I mean? Like legal corner cutting that speed things. . So I've learned all these strategies about like my time and my standards and my particular activating system in my brain and how to program it, and yeah. I don't come to the table, nor do I want, if I were brilliant, I couldn't give people hope. If there was something super special about me, then I believe average ordinary people everyday build extraordinary lives. And as I coach some of the top people in the world, whether it's politics or entertainment or athletes, and some of them [00:07:00] have extraordinary abilities.
And some of them don't. And I've seen both types of people achieve in life. I'm just the one with not great abilities or talents that have achieved some pretty good stuff.
Hala Taha: Yeah. You do have some great talents. You're an amazing communicator. And speaking of that, how did you learn how to master those skills at such a young age?
Ed Mylett: I'm watching you do it, so I'd be curious how you did it. But, young I wasn't. In fact, my biggest fears was public speaking. But Napoleon Hill doesn't think and grow rich on the other side of temporary pain, you meet your other self. So if you can go through, I have a chapter in the book called One More Inconvenience, and I literally teach you how to chase inconvenient things.
And so one of the most inconvenient things I could ever do would be to get up and speak in public. Actually even to speak in private, like just three people in a room would be hard for me. But on the other side of that discomfort and that pain, I really learned a gift that I had. And God did give me a really pretty good, deep voice.
I could have known that all along, but I didn't. And then what I did is I studied speakers, but not like public speakers. That's why my [00:08:00] style is different in why I just, there's a survey just came out and ranked me the number one speaker in the world. I'm like, Wow. And to think 25 years ago, I never have done it.
Cause I didn't study speakers. I've studied comedians, I've studied my favorite standups. My most of my best friends are standups. I go to comedy clubs. Those are the best communicators on the planet to walk in a room full of strangers and make them laugh within 20 seconds. The way they use nuance positioning, their body language phraseology, the way they use silence, the way they use tonality.
And then I also watch a lot of preachers. I've watched a lot of pastors over my lifetime, like TV pastors and stuff, cuz they're incredible orator. Now I'm not like any of them, but I'm a little bit like all of them. And so that's how I actually did it, was modeling. I think one of the lost art forms in the world is modeling people like not copying, but modeling them and then making it your own nuanced styles. So that's the exact answer of how I did it.
Hala Taha: Yeah. That's really interesting. You do have that like comedian slash preacher approach with your communication style. That's really interesting. So let's talk about transformation. So you recently lost your father. I did as well. I think we lost our [00:09:00] dads around the same time.
He actually lived sort of two lives. I think you were 15 years old. He got sober. And he basically transformed into this whole other person. And I'm sure that had a lot to do with your personal transformation as well and your ability to believe that people can change. So can you talk to us about that?
Ed Mylett: You nailed it. My belief that human beings can change is not a belief. It's a knowing. And it's a knowing because I watched my hero do it first 15 years of my life. My dad got sober seven days before my 15th birthday. And I told you it was 4/20 and it was nine days after his birthday. The rest of my life, my dad never celebrated his actual birthday. Only celebrated his sobriety birthday.
Hala Taha: Wow.
Ed Mylett: I believe human beings can change and know they can't. Cuz I watched my hero do it first 15 years. My dad didn't live right. Did not live well at all. Last 35 extraordinary best life I've ever watched be lived. And so I know people can change and it made a huge impact on me that when my dad got sober, But there's the one mos, like out the book, those lessons started with his sobriety.
We're driving, never seen my dad cry before. We're driving to a baseball game of [00:10:00] mine and he is crying when he is driving. I'm like, Oh no, what's going on? And finally he pulls over and he goes, Hey, I'm gonna go try to get sober one more time. Cuz he had tried many times and he said, I'm gonna give it one more try.
There's a chapter in the book called One More Try. I said, Dad, what would be any different this time? And he said I'm gonna lose everything me, your mom's taking you and the girls. So I'm gonna lose my family. And you know what? You deserve a dad you can be proud of. Your mom deserves a husband she could respect.
And then he got sober and I said, Daddy, are you gonna stay sober forever? You're never gonna drink again. He goes, I don't know. I'm just not gonna drink for one more day. And there's been so many times in our life. So we think everything we have to decide is permanent. The truth is, very few things are permanent.
We both lost our fathers, like our, their bodies weren't permanent. It turns out right. They were temporary and most things are temporary. So in business, many times I was gonna quit cuz this idea never quit. That's a hard thing to make. But a lot of times I went, You know what, okay, I just won't quit for one more day.
See how I do tomorrow. And then the next day I just won't quit for one more day. And those one more started to really stack up. [00:11:00] If I could tell you something that's new, that is just a new breakthrough for me. It's a long answer.
Hala Taha: Yeah.
Ed Mylett: So I apologize, but I wanted to share it with you cuz I already love you cuz the way you prepare.
So I'll share something extra with you. I wrote this whole book about all these lessons. It's a very heavy book. There's a lot of detailed stuff on your brain and confidence and identity and time management and leadership and equanimity. And it's heavy. It's not, this is not like another book like, most books are just another book. It's the same book.
Hala Taha: I agree. I read a book, like I read two books a week because of this job. And I felt like it was new stuff.
Ed Mylett: Thank you. Yeah, like I'm just, I love Think and Grow Rich, but about every book I read is like the same derivative of it, like in someone other's words. And I'm like, I already read this book.
I already read it. I stopped reading it. And so this isn't that, but my, I woke up about two weeks ago, It's been three weeks now, and I woke my wife up and I said, Babe, and I was pretty emotional. I said, Babe, I want everyone to hear this. You can just remember this the rest of your life. It's not even in my book.
I said, Babe, someone helped my dad. And it never occurred to me before. She says, What? She's waking up. I said, Someone helped my dad. The most important [00:12:00] decision of my entire life is my dad getting sober. It's why I'm talking to millions of people, our kids, our grandkids, millions of people. I've reached some precious soul, helped my daddy in the darkest moment, most shameful down moment of his life.
Some human being rose up in their humanity to that moment and saved our family. And I don't know who they are. And it never occurred to me before. And I said, Babe, it goes a level deeper. What qualified this person to help my dad? The thing they were the most ashamed of and embarrassed by. They were also an alcoholic and a drug addict at one point.
So the things they were the most ashamed of, most embarrassed by that they think disqualified them the most from winning. Cuz most people listen to your show. They're like, Yeah, but I'm young and you don't know about me, but I done this stuff. I'm embarrassed by, I never did this. I broke up with my boyfriend or girlfriend, or I, my first business failed.
Not me. I'm disqualified. The very things you're most embarrassed about, ashamed of, or think are average about you are the things that are qualifying you to change people's lives. This person, [00:13:00] imagine when they were drinking, driving drunk, making the biggest mistakes of life. Little did they know, they were preparing for that moment to change my dad's life and mine.
And then millions of other people by extension. The ripple effect when they were doing drugs and stealing money and lying, they were preparing. It's your humanity, it's your frailties, it's your weaknesses. It's the things you're most vulnerable when you share with other people, and then show 'em how to do something better that changes people's lives.
When you link your weakness, like I'd start out, I'm dumb. I'm not the dumbest guy in the world, but I'm the smartest guy in the world. People go, I can't believe you say that about yourself. It's what helps me connect with you. If I had a 250 IQ, you'd be like this dude's amazing. Of course he did it.
No, I got a 760 on my SATs. I'm a C plus student. I was not, I didn't run a 4, 440, like I'm just an average guy. And you know what? That's what prepares me to help you. And so that person's drug and alcohol addiction is what prepared them to change millions of people's lives. So never disqualify yourself.
Hala Taha: Wow, that was powerful. I had chills while you were telling that [00:14:00] story. I love that. We are definitely gonna cover a lot in your book, and I definitely wanna spend about half the interview on that. But I do wanna cover your journey and I have a lot of questions for you personally. So let's get the highlight real.
I don't think we have time to go through your entire journey, but why don't we start with your first job out of college. So you were unemployed, you were living in the house that you grew up in, and your dad told you to go work at a home for underprivileged boys. So talk to us about how that experience changed your life.
Ed Mylett: My dad came home from his first AA meeting. Isn't that crazy? He just got sober.
Hala Taha: Wow.
Ed Mylett: He goes, Hey, I got you a job. And I said, What is it? He goes, You don't get to pick man. You're eating outta my fridge. I had just finished college. I was not employed. I go down there and it's an orphanage. My boys were all wards of the court, meaning their families were gone or they were taken from. My boys their parents either molested them.
Hala Taha: No man.
Ed Mylett: Were dead or were incarcerated for major crimes. And so I walked into cottage eight. My boys were all eight to 10 [00:15:00] years old. I had no preparation to be there. I was not a psychologist. I didn't have any kids of my own and I didn't know what I was doing there. And a minute I walked in, they were all getting ready for school and they all turned around and looked at me.
And here I am. And I went on to be a three year journey where I was their brother and father, and I took 'em to school and took 'em trick or treat. And I was there on Thanksgiving when their uncle stood 'em up. I was their dad, their best friend. And it changed my life. And it changed my life because before that, I was all about me.
Baseball, my ego, my problems, my life. When you have 10 boys that are eight to 10 years old, depending on you, you don't have time to think about yourself. You have to think about them. And here's what I learned when I was there, and maybe this sounds hokey, but it's how I've made, I don't know, several $100 million.
So it's worth listening to, those boys wanted for me, someone to love them and someone to care about 'em. And here's a biggie that most people don't get someone to believe in them, and then just show 'em how to do better. And while I was there, I started in my financial company and started other businesses with real estate and stuff when I was there.
And as I got out of there, [00:16:00] I realized something. They weren't unique. Do you know what you want? Do you know what my best athletes want? That I coach the people that run countries that I work with? The most famous people you see me golfing with that are whatever people that I work with. They want people to love them, care about them.
Here's a big one, believe in them and then just show 'em how to do something better. So when I started my financial company, I came from a place of loving people, caring about people, truly believing in people. And then, Hey, let me show when I can connect with you like that. Now let me show you how I can help you.
Hala Taha: Yeah.
Ed Mylett: And that's where I've always built all my businesses, my podcast, my financial, my tech companies, my chocolate company, my food company, my financial company, my real estate empire, all built based on what I learned from those boys. And here's the last thing. God does not call the qualified. He qualifies the called.
I wasn't qualified to be there with those boys, but when I got there, I was called to be there. He then qualified me to help them. And so you don't have to be prepared all the time in life and know everything in order to step in somewhere and really make a difference.
Hala Taha: I love that. Do you still keep in touch with any of those boys?[00:17:00]
Ed Mylett: No one's ever asked me that. God bless you. Yeah, about three quarters of them. One of them's passed away. And a couple of them we, just lost contact with over time, but they are they're men with families now. And yeah, I, I do, And no one has ever asked that follow up question in all the years I've talked about that. So yeah, I do. I love them. They're my family.
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But over the years, I wake up less and less clearheaded, partially because I don't think I'm getting enough deep sleep, and also because of the hustle and bust. And busyness and distractions that go along with my everyday life. These days, I feel like I'm pulled in so many directions, but thanks to today's sponsor, First Person, I can now take a more active role in my brain's [00:18:00] overall health.
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So something that's really interesting is you just talked about, you just alluded to the fact that you have 20 different businesses that you're invested in. And a lot of people think that in order to be rich, you've gotta have all these different income streams. You have to have multiple income stream, passive income, and all these different things.
But it turns out focus is really how you build your wealth, and then you can diversify your income later. So can you talk to us about [00:22:00] the importance of focus and really getting good at one thing?
Ed Mylett: Yeah. It's a lie that it's a fact. That's not true. That mul all millionaires have multiple streams of income.
So then what do we do when we have no money? We go I got a multiple lines. I gotta have a mortgage business. I'm gonna do a auto detailing deal over there. I got a cannabis thing over here, and you end up broke. Although it's true, it's it, although it's a fact, it's not true. What do I mean by that?
Once you become worth millions of dollars, then you diversify your income streams into multiple streams. But the path to getting there is by doing one thing greatly. Get great. Be the best mortgage broker, be the best realtor. Be the best entrepreneur. Be the best. Whatever it is you do, be the best podcaster.
Be the best influencer. And build that thing great. Greatness rises. Greatness creates wealth. And if I'm full time at being great in one industry and you're splitting it between three, I'm gonna kick your ass. There's no way. When you're doing three things, and I'm in the same one where we overlap and I'm doing one. Imagine I wanted to be a major league baseball player, and I'm [00:23:00] coming up and I go, Yeah, but I also wash clothes on the weekends.
I'm learning to play the piano and I'm a plumber, but you play baseball all day long. Who's gonna be the major league baseball player? The idea that, Oh, I'm gonna diversify. So many of you are doing two and three things, God bless you. You're doing it for the right reasons and you're de, you're losing energy.
You're depleting your ability to grow. You're gonna get smoked by the person who dominates that space you're in, dominate the space you're in, dominate the business you're in, become a millionaire, and then go multiple streams of income, get focus.
Hala Taha: I totally agree. I see it with podcasters all the time.
There's people who are podcasters who have no idea how podcasting works, how to make money in podcasting, how sponsorships work, how anything works. And it's like you've gotta learn your craft if you actually wanna be successful at it or else nothing's gonna happen. So here's another point that I think is just it was so inspiring for me when I was like, just learning more about you.
And that's how you always talk about actually stepping into your dream, the need to [00:24:00] actually experience your dream. I remember I heard you tell a story about you and your wife, like going to the Ritz-Carlton and just doing that for one day to just feel like it's what it's like to have valet parking and things like that.
Today you have a private jet and that's insane. You've elevated yourself to a point where barely anybody makes it to that point to be able to afford a private jet. And so talk to us about the need to actually experience your dream.
Ed Mylett: You should touch your dreams and the reason is you belong in them.
You move towards what you're most familiar with in your life. So if you're familiar all the time with your current thoughts and your current life, you'll constantly keep moving towards it. So every once in a while you gotta go touch your dreams. So like you said, when I was up and coming, I would set contests up with myself.
If I didn't hit them, I wouldn't do it. But I'd say, Babe, if I make 10 sales this month and I make eight grand, let's take 500 bucks. Let's go down to the Ritz-Carlton on Saturday night. We'll get the cheapest room there. But I would touch the dream and so I'd get there like a big shot. I'd flip my keys to the valet.
I never done that crap before. Hey Mr. [00:25:00] Mylet, they grab your bags. I used to be so cheap. I'm like, No, we got our bags. Cause I don't wanna give the the bellman four bucks. . Now I'm like, Nah, you get my bag, man. You walk up, you check in, Hey babe, let's get up into the room. You go get a massage, honey, I'm gonna go play some golf.
I'll meet you at the pool later. Let's have a bottle of wine. And so for one day we would touch this dream. We'd sit there again. I'd go, Babe, we're gonna live like this all the time someday. We'd just take a taste and then maybe six weeks later we'd do it again. Eight weeks later we go out to the La Quinta Resort, do it again.
And all of a sudden, over time, I'm like, I'm familiar with the valet. I'm familiar with the ocean front. I'm familiar with the golf course. And I'm like, We belong here. All of a sudden, the more familiar I became with it, then I start looking at the houses when I'm there. Then I start playing the golf a little bit different.
. And over time I'm like, We belong here. Cuz I didn't grow up like that. We used to walk on the beach I live on right now. We'd go to the Ritz I, I can walk to the montage. That was the other place we would go. After I got older, I'd walk right to the montage for breakfast. But we would come down this beach when we were kids.
I'd say, Babe, I'm gonna get us a house on this beach someday when we'd be taking these walks. No idea how I was gonna do it. [00:26:00] She goes, You are honey. I'm like, Someday, Cause we're high school sweethearts. I'm like, Yeah, someday we're gonna do it. And when I'd come home, I'd say to my dad, I'd say, Dad, who are these people?
Who are these people that have these? He goes, Dude, I have no idea who these freaking people, I've never met any of them. I have no, I've never met someone who lives Ocean Front.
Hala Taha: Yeah.
Ed Mylett: And then I figured it out. They're the one. See, in the book I have this chapter called The Matrix. I love the matrix about your RAS, but the real reason I read about the Matrix is Neo in the Matrix is the one, see, in every family, if you find a family that's wealthy or successful or happy, but you go all the way back in their lineage, at one point they weren't.
And then the one shows up. The one in that family rises up. Takes all the hits, fights for that family. I'm the one in my family and they change that family forever. The world doesn't treat the Myletts like they used to. No one's got their thumb on my family anymore. We think different. We operate in the world different cuz the one showed up, the one, and if you're listening to this, you're the one in your family.
You're the one. And over time of walking these beaches over time of going to the Ritz-Carlton, I figured out I'm the freaking one and I'm the one that's gonna do it. Now, I [00:27:00] literally live on the beach. It's one on an island that's about an island that's a hundred acres. You said I have a jet. I'll just bounce.
I had five jets. I've owned five jets in my life. And so you go from that to how broke I once was in my life. I've had the water turned off in my apartment. I've been completely without power, without water, without a cell phone. I've gone to an ATM and prayed. I had 21 bucks at the bank so it would spit a 20 out cuz all it would spit was twenties and I got 14 bucks in there and I can't even get a $20 bill out of an ATM.
I know what all that is, but I also know what it's like to touch my dreams and now I know what it's like to live my dreams. And what's different about me than most people is I didn't get rich telling people how to get rich. I got rich, then I tell people what I did to get rich. And so in this book is the strategies of how I did it and I documented it.
Hala Taha: Yeah, it's a really good book. I think a great transition and foundation to, before we talk about the book, is to talk about the reticular activating system, the RAS. We've talked about neuroplasticity a lot [00:28:00] on the show. We've had John Assaraf on and Dr. Caroline Leaf, and we've talked a bit about this, but I'd love to hear it from your perspective.
So what is the reticular activating system and how do things like stepping into your dream activate the system?
Ed Mylett: You're one of my favorite interviews ever. Seriously. So RAS is chapter two. In my book I cover, I called the Matrix in the book. But here's what it is. It's the filter that reveals to you everything that matters to you in your life that's important.
And it proves to you that you're right. It's the prover keeps you sane too. Otherwise you'd be thinking about all the stimulus, blood, the blood in your right air going right now you're breathing right? So you have to stay sane so it reveals to you what's most important to you. I'll give you an example. I just bought a Tesla about a week ago.
I like what Elon Musk is doing. I call my team, I go, Hey, get me one of these Teslas. I wanna start driving the guy's car. Next day, Tesla's in my driveway and I'm driving it all of a sudden now. Seeing freaking Teslas everywhere. Babe. Red one. There's a white one. The other day I'm like, There's three in a row.
You gotta be kidding. I'm on the freeway. Three lanes over the other direction, going the other way, babe, there's a black Tesla. I see 'em everywhere now. Weren't they [00:29:00] always there? They were.
Hala Taha: Yeah
Ed Mylett: But I didn't see them before because they weren't a part of RAS they weren't programmed in my filter. When you go into a crowded room, I go into a crowded room, there could be 500 people in a room.
Audibly doesn't have to say it loud. Someone says, Ed, if I hear that name, I can hear it audibly over why it's important to me. So the key thing in life is that programming your mind that the Teslas become the relationships, the meetings, the thoughts, the breakthroughs you have to have in your life. They were always there.
They are there right now, but you're not seeing them because they're not programmed into your RAS. They're not programmed like the Tesla is. How do you program? I teach you in the book, but I'll give you one thing. Repeated hyper visualizations of your dreams and your imagination and what you want. I have a chapter in the book where I say, Become an impossibility thinker and a possibility achiever.
And here's the deal. In your life, you operate out of either two frames of thinking. 99% of the people operate once they're an adult out of history and memory. They operate out of it. They have patterns of thoughts, patterns of behaviors. They operate out of this and they [00:30:00] reinforce it with different people, different circumstances, same life.
1% of the people operate out of imagination and dream. That's what they did when they were a child. The reason you were happier when you were a little girl or a little boy. One, you were closer to God cuz you had just left there. Two, you had no history and memory to operate out of. You operate out of imagination.
So to flip that in your life, you start imagining and dreaming. When you have a thought, an actual thought. It creates a space in your world that did not exist prior to that thought being created. And now your mind goes to work on filling it up with references and proof. So if you worry about your anxieties, your fears, your worries, your past, you constantly find the Teslas that reinforce that.
If you've created a thought that's about the future and an imagination and a dream, and you go touch it once in a while and you repeatedly visualize it over and over again, very simple. I teach you how to do it in the book. You're doing it anyway. You're repeatedly visualizing and thinking about what you're worried about, what you fear all the time.
I'm just flipping it into imagination. Then you'll begin to see those Teslas of your life, the meetings, the people, the places, the things. [00:31:00] And by the way, you're one podcast away, one decision away, one meeting, one relationship away from changing your life. That's the power of one more also.
Hala Taha: Yeah. And so with the RAS, you could actually program it in a bad way. You could be thinking about bad things, saying bad things about yourself, and then you perceive the world with all these bad things that you don't want. So can you talk to us about how to make sure that we program it in the right way?
Ed Mylett: Programming in the right way is repeated thoughts, visualizations. It's associating with people that also com reinforce those beliefs and thoughts. If you wanna know how powerful our RAS is, Let's go back to the drug addict or alcoholic example. You will find a way to get what you're obsessed with in your life. So if you're obsessed with your worries and your fears, you'll find a way to get 'em.
You'll get 'em every week, you'll get 'em. No matter how good life is, you'll get that depression, you'll get that anxiety, you'll get that anger, you'll get that worry cuz it's familiar. Caroline Leaf has a really interesting thing where she talks about lot of times, like our emotions aren't good or bad, they just are.
And so whatever they are, you're [00:32:00] gonna get 'em. That drug addict though, think about this for a minute. Isn't it incredible? Think of someone you know, maybe that's had a drug problem. , they could literally be living on the street. No resources, no job, no money, no nothing. Somehow, every day they find a way to get those drugs, don't they?
How do they, maybe they gotta do something illegal. Whatever they gotta do, they get those drugs, they get 'em. No with no resources, no preparation, no nothing. So what if those drugs became your dreams? The fact that you have no preparation, the fact that you have no resources is inconsequential. People prove it every day with the negative stuff in their life, don't they?
But you can prove with the positive stuff in your life and the way you do it is repeatedly visualizing it. The other thing you do is you begin to do one more in your life. Stay with me. I have a chapter on goals, which is great. I show you how to set goals the best way I know how, but at best, you're gonna get 25% of your goals.
If they're ambitious, what will you get all the time in your life? Your standards. You will eventually always get your standards. So goals without standards are empty. That's why I teach the gold chapter and the [00:33:00] standards chapter together. Standard. Stay with me. You've had someone on your show who stole my content.
I guarantee you, cuz I've been saying this for 30 years and says, If you wanna build self-confidence, you gotta keep the promises you make to yourself.
Hala Taha: Yes.
Ed Mylett: Everyone says that. Now, I'm pretty sure I said it first, but even if I didn't, who cares. And so if you don't have any self-confidence, it's because you have a reputation with yourself of keeping the, You don't keep the promises you make.
You wanna build self-confidence, start keeping the promises you make, which is great, but anybody can do that. But what if you change the standard? What if it was one more? What if I don't just keep the promises I make to myself, but I do one more? So I'm not just gonna keep the promise to work out and do 10 reps in the gym.
I'm gonna do it and do one more. I'm not just gonna do cardio and do 30 minutes. I'm gonna do it and one more minute. I'm not just gonna make 10 contacts a day. Keep that promise. I'm gonna do the 10 contacts. Keep the promise and my standards one more. I'm not just gonna tell my daughter I love her every day and keep that promise to myself.
I'm gonna do it and then I'm gonna do it one more time every day. Now you're superhuman. Now you've transformed yourself into someone [00:34:00] who had no self-confidence, to confidence, to superhuman. And so that's the standard that changes our life, and that's how we begin to reprogram our RAS.
Hala Taha: We'll be right back after a quick break from our sponsors.
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I love this concept of one more. I have to say it's a very unique concept. I read self-improvement books [00:38:00] all the time, and I love the fact that you're just saying just go a little further. Give it 110%. Don't just stop at a hundred. It's not enough. So I love that. So your book comes out June 1st.
Is it still coming out June 1st?
Ed Mylett: Yeah, far as I know. I hope so.
Hala Taha: Amazing. I was lucky to get a copy of it before. Like I said, I absolutely loved it. You just went over one more. So let's talk about identity. I think that's the next good point to discuss. Let's talk about how you define identity and how our identity is shaped in childhood.
Ed Mylett: It's installed in us, so our parents install our loving parents. Even if they're loving, they install some of their limiting beliefs into us when we're defenseless, When we're kids, we don't know. My dad, God bless him, I love my father very much. He was a great man, but he would have this thing, He would always say to me, You'll get a kick outta this.
He'd say, Be careful. Since I was a little boy. Hey daddy, I'm going to look. Hey, have a great game. Be careful. I don't think he knew why he was saying it. I'm 50 years old last year. What are you got going today? I go, Oh, I'm taking Max the age games. Have a great [00:39:00] time. Be careful. What am I being careful for?
I got a speech in front of 30,000. He goes, Crush the speech. Be careful. Like he just, It's a figure of speech, right? But it's reflective of something inside him, and my dad was not a risk taker. My dad always wondered who's up? And so I got older and I grew up I gotta be careful. What are they gonna do to me?
Maybe I don't wanna make a mistake. What are people gonna think about me? I don't want to blow this business deal. I don't want, I'd worry. Why am I a warrior? Cause I've always been told to be careful. He didn't even mean it, but he said it. And so that became part of my identity. Your identity is your self worth.
It's the thoughts, beliefs, and concepts that you hold to be the most true about you. Here's the best analogy I give on it. Your identity is the thermostat setting of your life. So in this room, it's set at 75 degrees. I actually not, it's actually said at 70 today. So we'll use 70. It's at 70 degrees outside.
I live at the beach. It's about 85 degrees right now. The external conditions have nothing to do with this thermostat. Cause when it's 85 outside, the air conditioner kicks on and regulates the room to 70. That's your life. I'm gonna [00:40:00] explain your life to you now everyone. So if you stay at a 70 degree identity, let's just say there's different ones, faith, fitness, fun, bliss, peace, money.
Let's just use success. Money. Let's just say you have a 70 degree internal thermostat worth of money, and you start learning all these skills on the podcast and then your business, and now you're at 80, man, you're cranking, you're making 150 grand to 95 degrees of money. Eventually, when those results exceed your identity, you will unconsciously turn the air conditioner on of your life.
Uh-oh. Everyone's like, Holy shit, he's right. And you will eventually over time, cool it back down to exactly what that thermostat setting is, no matter what. And it'll seem coincidentally no. Crypto dropped. The stock market went the wrong way. Our interest rates went up. Supply chain I had to loan my friends some money.
My car broke down. My mom needed help. Baloney, you turned the air conditioner on your life and you got it back. You see it in fitness. Someone's a 70 degree fitness person, they got 20 pounds, too much weight, they lose the weight. You see 'em. A year later, they put it back on air conditioner kicked back on. [00:41:00] So the key thing is, as you're accumulating skills, is to adjust your identity.
And in the chap in the book, I teach a trilogy of identity. I'll just give you what it is without teaching it, faith. If you're a person of faith, it's amazing to me how someone will go to church on Sunday and worship God I'm a Christian. But whatever your faith is or their mosque or their synagogue, or maybe they'll go to Bible study God's with them then.
But when they walk into a sales call, they're alone. When they walk into a business meeting, they're alone. Bring your faith with you into your business life. Two, intentions. Give yourself more credit for your intentions in your life You intend to serve. You intend. Before we do the show today, I turned my camera off real quick.
I said, Just gimme a second. And I just went, Lord, just please bless me today. Let me say the right words on the show. And then I remind myself, I intend to help people today. I may not have every answer, but my intentions are good. My identity comes from that. And then the third part of the trilogy is associations.
If you're around 150 degree and you're a 70 degree, they will heat you up by proximity over time. And the closer you get to them, the more they can heat you up. And so Faith, [00:42:00] Intention, Association.
Hala Taha: Yes. I love that. I wanna dig deep on some of these. So let's talk about intentions. So a lot of people, we were talking about it before, sometimes we have negative self-talk and we truly believe we don't deserve what we want.
Like we might want to be a doctor, but deep down inside, we don't feel like we're worth it to be a doctor. Can you talk about how we need to understand that our intention matters of wanting that goal? Because if we never really accept that we can achieve it, we'll
Ed Mylett: never get it. I was 28 years old and I won a trip to Hawaii for my financial business and luckily I get up before the sun does. And back in those days, I'm a hundred years old. So no one used to work out. That was in the business where there was like people at the gym and they were all like in construction or blue collar, white collar people never worked out. I was one of the first ones, and I'm like, So I got up to run.
Sun's not up yet. There's this guy running towards me on the beach, bald guy, hairy back, sweating. I'm like, Whoa, and he gets closer to me. And it's a man named Wayne [00:43:00] Dyer. And Wayne Dyer is one of the all time, most beautiful thought leaders influencers. Before there were influencers of all time, and it was a hero of mine.
There was Tony Robbins and Wayne Dyer. And God's good that he brought both of them into my life as friends. So that morning he runs by and I go, Wait, Dr. Dyer, I had a Walkman, Sony Walkman. Huh? So old. And I go, Dr. Dyer, you changed my life. And he had a deep voice like me. He turns around, he pulls his Walkman off.
He goes I doubt that you probably changed your life, but how did I help? And he walks towards me and we sit down on the beach and for the next 90 minutes, I watch the sun come up and I talk with one of the greatest thought leaders in the world. And in that conversation, he said, Ed, you're gonna change the world.
I'm sure he said that to other people, right? But at the time, I was like, Really? And I, he said, You're brilliant the way you think about the mind and life and business, My gosh. And he goes, And that's not why. And he goes, And if you begin to attach your confidence and worth it to your abilities and your achievements, you're in big trouble.
And I went, What? I thought you were supposed to do that. He goes, Ed, you'll always be chasing it. [00:44:00] And when you have a setback or you have a, it's gonna cascade down on you. I go, then what should I attach my worth to? He said, You're gonna change the world, dad, because your heart's so beautiful. Your intentions are amazing.
Focus on your intentions all your life. You intend to make a difference. You intend to get. He goes, there's nothing wrong with walking into a meeting going, I don't know, but I'll find out. There's nothing wrong with saying I've changed my mind. There's nothing wrong with saying I was wrong. And he said, You have beautiful intentions.
And it was something I knew, by the way, everyone listening to this, they know about themselves and went I never believe my abilities were great. Anybody ever told me? I'm like, Yeah, or you're being nice, but when someone says you intend to help, you intend to do good, I'm like you got me there.
You're right. I do. And so for the rest of my life so far, I've attached my worth, my identity to my intention to, when I walked into that orphanage, was I the most skilled psychologist or dad in the world? No. My intentions were to love those boys. My intentions were to show up for them every day and make a difference in their life.
And I [00:45:00] showed up damn big. I showed up strong. I've showed up to a lot of business meetings. Not the most smart guy in the room, but I showed up intending to help people, and I've shown up big. So this thing of linking to your intentions will change your life.
Hala Taha: Yeah, I think this is just so powerful, like not being worried about where you are now in the present and realizing that your potential is your intentions to improve in your life, and that is huge.
So one other thing that I learned about you when I was studying you is how loyal you are. Like you're really loyal. You've been with the same woman since you were in grade school, which for me, I as as a woman, I'm like, Oh wow, this is like a good man. I would love to understand like how do you design your social circle in terms of the associations you make in your life?
Because clearly you've kept some people around for a long time. You didn't just go try to find a new circle. There's a lot of people that you've kept around. So how do you design your social circle?
Ed Mylett: That whole thing like drops certain people. I've had to drop a few, but not that many. What I have done with people that don't serve me any longer is I've reduced my.
Hala Taha: Listen up young and profiteers.
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Ed Mylett: Proximity to them, I don't see them as much, but for them to be banished from my life, I've not done a lot of that. I add new people and so what I try to do when I add new people is I want people that love me, but I actually look for a [00:48:00] criteria in people that do they support my values. . And so I don't, like when I go to Vegas a couple times a year with a group of men.
All of them are amazing husbands, a couple of 'em are pastors of churches. That doesn't hurt. But I don't wanna be around dudes who don't live that part of their life correctly because it might rub off on me. I'm not perfect, so I wanna watch rub off of me. If someone is doesn't keep their word or isn't meticulous in telling the truth, we all have that friend.
Or he is such a bullshitter, right? You have that friend. They're not gonna be around me that much.
Hala Taha: Yeah.
Ed Mylett: I want people that believe in me. And here's the biggie. I have a lot of people, I have a lot of funny friends. You see em on my social media. Like I have people that really make you laugh. I love people that make me laugh.
And I'm an introvert, so I like to be around extroverted people so I can just be a fly on the wall. And but a big one is that I want people who don't accept me as I am. And most people are looking for friends who accept them as they are. I'm not looking for that. I'm not looking for acceptance. I'm looking for people that believe in me so much.
That they think I could even be better than I am, and they hold me to that standard. There's that standard word again [00:49:00] that when I'm around them, here's a biggie. Wow. Are you gonna be shocked when you listen to this one? Everyone, If more than 5% of our friends conversations are about, remember when?
Remember you. Remember, You remember George Lopez has this great ski on it. What are you do when you get a lot of your friends reminisce, which is cool a little bit 5% of the time, but that means you're operating outta that history and memory. Most of my friends, we do a little, very little of the remember, but we do a lot of imagining.
We do a lot of dreaming. We do a lot of, Here's where I'm going, man, here's what I'm thinking. Here's what we could do. Let's do this next. We operate in the present, but we talk about the future a lot, not the past. I don't want a lot of friends to talk about the past. I can do that anytime I want. That ain't where I'm at right now.
Hala Taha: Yeah, that's huge. I love that advice. Okay. Let's talk about the difference between self-confidence and identity. I think this is another big concept in your book. Talk to us about what we need to understand when it comes to self-confidence and how it differs from identity.
Ed Mylett: Self-confidence is that [00:50:00] relationship, it's a reputation that you have with yourself.
Identity is who you believe you are, and so they're connected. They're like identical twin sisters, but they're not exactly the same. Self-confidence is a relationship and reputation with yourself. That's what it is. And for me, there's another side of self-confidence that most people don't talk about, which is humility.
. I want friends that have tremendous humility along with their self-confidence because humility keeps you curious, it keeps you growing. Only a super self-confident, truly self-confident person can be humble because they're comfortable with themselves enough to say, I could get better. It takes strength to say I could get better.
It takes strength to have humility, and so I look for that and I hope I have that. Identity is actually who you believe you are and what you believe you are worth. And that's a whole different animal altogether. And although I want you to have a ton of self-confidence, you could be the most confident thing in the world.
But what if you've placed your confidence in an identity about yourself? That's way less than true. So I'm very confident in who I [00:51:00] am. You ever meet these people? That's just who I am and they're really confident about it. It's just who I am, man. It's just who I, They're really confident they're right. So they got a ton of self confidence.
They're just wrong or limited to themselves in their identity. And although I really believe working on your confidence is not that difficult to do and you should do the real hard work in life, is to change that identity cuz that identity, you started developing that thing when you were a little girl and you fed it over time.
And so that identity is this thing you're never going to escape. It's that thermostat setting of your life. For me, it's, look, if I'm really the child of a loving God, if you really believe that, how am I not amazing? How am I not been born to do something great with my life? So if you have a faith, attach it to your identity.
I'm your brother, cuz we're the same blood's running through both of us. But I'm a child of an awesome God. So there's that. My intentions, man, I really wanna make a difference in the world. I really wanna help people. I'm looking at the ocean right now. I could actually just have my butt on that beach right now, every single day if [00:52:00] I wanted to.
But that's not what my intentions lie. My intentions lie that someone's listening to this right now and it's gonna change their life. You're gonna grab my book. It's gonna change their freaking life. So my intentions are good. And then third, I'm around people all the time who believe in me, who challenge me, who push me, who were further down the road.
There's this great Chinese proverb that says, If you want to know the road ahead, ask those coming back. . And so I try to have some friends in my life that are older than me that have already been down the road. I'm going. And I can ask 'em for directions. And so for me, for most of you, I could be that person.
Mine is people you know really who run big companies and are well known people. But only reason it's not cuz they're well known. It's they've been down the road and they're coming back. And so I wanna know the road ahead. And so that's who you should have in your life is someone like that.
And by the way, not all your associations have to be in person. They could be a book. When I read a book, I pretend I'm living with Napoleon Hill that week. I'm living with Ed Mylett, he's speaking to me. These words were written for me, he's talking to me. I've spent the week [00:53:00] with Wayne Dyer many times when I wasn't with him before I met him.
I felt like when I met him, I knew him. When people meet me, my biggest compliment gimme is they feel like they know me. And that means they've really studied me, they've really been in my life. And hopefully when I make an Instagram post or I have a podcast or a YouTube video or I write a book, they're like, You're talking to me.
And that's association as well. Is stuff like this.
Hala Taha: Yeah, 100%. I have to say that I feel like especially if you're just starting out, if you just read and keep leveling up and leveling, eventually you're gonna meet your mentors that you're reading. Just like what you're saying. I've been listening to Ed Mylett for years now I'm interviewing him, because I leveled myself up to be able to have the opportunity to do something like that.
And part of that is learning and studying and doing things on your own. And sometimes your mentors are people you don't really get to talk to your point. So I love that. Okay, so one story that I want you to share that I think is gonna help us like kinda wrap things up and around things out is your story about your uncle who passed away when he was just 50 years old, and how that really triggered [00:54:00] you to create a healthier lifestyle for yourself and set your perspective in terms of how you set goals and standards and some of the things that you've been alluding to that I really want you to cover before we end.
Ed Mylett: I wanna acknowledge you though. You really do your research. You really do. You're incredible.
Hala Taha: Thank you.
Ed Mylett: My uncle was my godfather and in my family godfather's a big deal. I looked like him. You ever have that relative? You look like you looked like him, right? So I kinda looked like him.
He was walking through the lobby of hotel when he was 50 and he passed over and died of a massive heart attack. Young family, three children. And when I was at his funeral, I was flying back with my wife on the airplane and heart attacks are in my RAS now, and the Oprah Winfrey show's playing on the tv, on the radio of the TV of the airplane.
All of a sudden, I have my headphones on. Listen, I see this heart on the screen. I notice it. I unplug my headphones, plug into the plane system. They're talking about these new scans that could really for plaques and arteries. And I'd go to Christiana, I'd go to my wife. I go, Hey, sign me up for one of those.
She goes, Why? You're barely 30? I go, I don't know. I think I should [00:55:00] get it done. She's You're fittest dude in the world. I go, Just schedule. And so I ended up going to do the scan and I had a doctor who understood influence and change. What do most doctors do? Okay, here's your prescription. It didn't do that.
So you do the scan. I went to lunch. I literally got a burrito. I came back in and I'm in the lobby. There's two people in the lobby. This doctor knew who I was. He was pretending, but he was getting leverage on me. Cause when you have big enough reasons, remember this, you'll do anything for those reasons.
That's my chapter on goal savings, mainly about reasons. So he goes, I'm looking for Edward Myllet. And I go, I'm Ed Myllet. And he goes, Oh. And he looks down at my chart and we're standing in the lobby still. And he goes, Oh my God, I can't believe these arteries are in that young of a man's body. And I went, What the fuck?
Isn't that scanned? He's already got my attention, right? He knows how to present. He goes, Wow, come with me young man. And we walked in silence back into his office. He sits down, he closes the folder. So my information's in that folder. What could he have really done? This is in sales too. You could just give the presentation.[00:56:00]
They didn't create the need or the reasons. They didn't get me emotional cuz you're always making people feel something. He took control of what he wanted me to feel. Most people aren't intentional about their energy and what they make people feel. He puts it down, he goes, Let me ask you a question young man.
I said, Yeah. He goes, Are you married and ain't new? I said, I am sir. You love your wife? I go, Yeah, I met her when we were little kids. He goes, You got a son? I said, Yeah, I got a little two year old. And he goes, That's awesome. He goes, You have any interest in being it as a high school graduation? I said, What did you just say?
He goes, Do you wanna be at his high school graduation? I said, Of course I do. He goes, You're not gonna be not the road, you're going, you're gonna be just like your uncle Mike. Now I know he knows about me. And he goes, You got a little girl? I said, Yeah, she's a little baby and this is where you get to a dad.
He goes, What's her name? I said, Bella. He goes, Do you wanna walk her down the aisle on her wedding day or is she gonna be on the arm of another man giving her away? I went, What the fuck is in that scan, dude? And he goes, You listen to me very carefully young man. If you don't change what you're doing, you won't be there for that graduation.
There'll be another man on the arm of your [00:57:00] beautiful wife running around your mansion, and that same guy's gonna walk your daughter down the aisle on her wedding day if you don't change things. I'm like, What is in that scan? Now he's got me, right? That's how you sell, by the way. And he goes, There's the good news.
If you do exactly what I tell you to do, you'll walk that little precious girl of yours down the aisle someday. And if you don't, it's not gonna happen. You do exactly what I tell you. Workout, nutrition, supplements the medication and I've done it. People ask me, You're 51, you're one of the more fit dudes in the world at your age.
Why is it cause about 10 million mornings a year? I'm exaggerating. I wake up and I don't wanna go work, and I go, Bella's wedding. And I get my ass up out of that bed and I go workout. I've been on the road for three days, I haven't, there's no Bella's wedding. Get up, find a gym. And so it's changed my life, that meeting, because he got leverage on me and reasons you show me a man or a woman with big enough reasons, really big reasons, which are always born out of love.
I'll show you somebody who will get up and do anything to make that happen. And that's the reason why I'm still here. Hopefully she's not [00:58:00] getting married anytime soon, but if she does, I'm ready to walk her down the aisle.
Hala Taha: It's such a beautiful story and it's so powerful because it's empty. Like goals can be really empty, right?
Goals can be empty, hard to follow through on if there's no big reason behind it. And so I guess the moral of the story is to have a reason and have it be connected to love and people like you just said. I think that's another key point too.
Ed Mylett: Yeah. People always ask me, What are your reasons? They're two things.
They're your dreams or other people.
Hala Taha: Yeah, I totally agree. Okay, so one last thing before we wrap up, and that's your concept of blissful dissatisfaction. I feel like this is a really important point that I want my listeners to understand because you say there's two great motivators. There's wanting something and trying to get that thing, and then there's also avoiding pain.
So talk to us about why we need both and then we can close things up.
Ed Mylett: You can get both levers. So what did the doctor do that day? The pain of me dying and missing my daughter's wedding, and also the pleasure of being there. So those are the two big drivers in our life. But what most of us [00:59:00] do, I believe in the concept of blissful dissatisfaction.
Here's what most people do. They conflate and confuse two things. Satisfaction is not happiness. You can actually be happy and still dissatisfied. You can do both. Satisfaction, happiness aren't the same thing. So I've learned to live blissfully and still be dissatisfied. Dissatisfaction means I'm capable of more.
I'm not there yet. I'm dissatisfied. I'm gonna go get it. But most people conflate those things so people think to themselves I like achievers. They're big on this, man, I'll enjoy it when. I'll give myself bliss when I gotta stay perpetually unhappy and dissatisfied cuz they think it's the same thing.
So when I get to a million bucks in the bank, then I'll enjoy myself. Then I'll give myself bliss. When I get the dream relationship, then I'll be blissful when my podcast is number one. Then I'll be blissful when I'm this or that. Then I'll be blissful. When I get to a million followers, then I'll be blissful and they delay their bliss until a destination in the future.
The problem is the finish line keeps moving and eventually, if you don't give yourself bliss for what you're doing, you burn out because your brain doesn't get [01:00:00] any dopamine for its success. And it eventually goes, it concludes, I don't wanna do this anymore. You've talked enough about neuroplasticity and understand the neurology of the brain, that if you don't get dopamine for doing something over and over again, you stop.
Then there's the other people. They think if I, if I lose this pain I'm in, then I'll lose my drive and ambition. Neither is true. You ever bite into it like a steak you love or any food you love. That first steak's blissful. You give yourself a total dose of bliss. Does it make you want to take another bite or no?
Of course it does. So the amount of bliss you get in celebrating your wins and your success actually gets you to do more of that very thing, not less of that very thing. And so I've learned to live blissfully happy and still be dissatisfied. In fact, I think I'm a pretty good example of that. Like I'm a pretty darn happy, blissful person, but I'm not satisfied.
I got more to do, more people to help, more things to achieve more memories I want to create. So I've learned to live in bliss. You don't have to live in misery as you're chasing your dream. You don't have to be miserable and angry and down and [01:01:00] delay bliss to get there. In fact, take it from me cuz I used to do that.
And here's what I figured out. I was winning in spite of that flawed belief system, not because of it. And what I figured out is the more I celebrate, the more I enjoy, the more I give myself, dopamine hits, the bigger I get. The more I expand, the more I grow. And so learn to be in bliss and dissatisfied at the same time.
Hala Taha: I love that. Okay, so we ask the same last two questions to all of our guests and then we do some fun stuff at the end of the year. So the first one is, what is one actionable thing that my young and profiteers can do today to become more profitable tomorrow?
Ed Mylett: Do the inconvenient thing. I have a chapter in the book called One More Inconvenience.
It's changing relationship with pain. Begin to willing to do hard and difficult things when you look at your given day or your week. Do the inconvenient thing, not the convenient thing. Everyone does the convenient thing. Do the inconvenient, most difficult thing you could possibly do because that's the thing that produces the biggest results.
Hala Taha: And what is your secret to [01:02:00] profiting in life?
Ed Mylett: It's the service of other people. I want to help someone else. So my secret of profiting is that I solve people's problems. My businesses solve a problem. And so if you can find a problem and you can solve it, You're gonna win. By the way, you don't have to always create a new industry either.
Sometimes it's getting into an industry that already exists and just doing it better than what the competition does. And in a lot of businesses nowadays, small is better, nimble is better. You can move quicker, you can pivot, you can adjust, you can course correct much faster and much better and much more boldly with better customer service, better culture than a big company cuz they have take longer to move and make decisions.
Hala Taha: I love that. And where can our listeners go find more about you and everything that you do?
Ed Mylett: You can go get The Power of One More, anywhere books are sold. You can go to thepowerofonemore.com/ and you can get a bunch of tools that'll enhance the book. You can go to Ed Mylett and my last name is M Y L E T and you can go anywhere social.
Instagram, probably my biggest platform social is Instagram but I'm on [01:03:00] LinkedIn, I'm on everywhere but Instagram. I've got a very, pretty successful podcast that I do with Sirius now, but you can listen to it on iTunes and Spotify and Stitcher, anywhere you can get a podcast. Apple and I got a YouTube channel as well. So anything with my name on it, just type my name in, you'll find me.
Hala Taha: And we're gonna stick all those links in the show notes. Ed, this was such an amazing conversation. Thank you so much for your time. I really enjoyed it.
Ed Mylett: I enjoyed it, so thank you so much. God bless you.
Hala Taha: Man. This was the first time that I ever met Ed in person, and I have to say I was absolutely blown away by him.
I was like on a high after that interview because he's just got such good vibe, such good energy, and he dropped so much knowledge. So I'm just gonna leave you guys with a couple of critical takeaways and remind you that you can always revisit and replay this episode later. I know I'm definitely gonna be listening to this one a bunch of times.
All right, so the first takeaway that I had from this conversation is that if you're looking to profit in life and be financially successful, you've gotta dominate the space you're in [01:04:00] before you distribute your energy and focus across different income streams. This is something that me and Ed talked about and something that I see a lot.
A lot of people have lofty dreams. And they're spreading their selves too thin. There's lots of millionaires that we look up to that now have their hands in many different industries and juggling different companies. But if you look back at the core of their success, you'll find that it stems from being the best at one singular thing.
The path to diversifying is by way of doing one thing great and being the best at it. Put all your attention and energy into being the very best podcaster or the very best artist, financial advisor, whatever it is that you wanna be. And once you've achieved massive success in that singular industry and you know the ins and outs of it, only then should you step up, diversify, and explore new opportunities.
Secondly, and I think this one is a huge one, is never disqualify yourself based on your lack of preparation, experience, or past mistakes. It's impossible to be [01:05:00] prepared for every opportunity that comes your way, but what you can do is you can step up and give it your all. When I first started this podcast, I felt unqualified to even be reaching out to guests like David Allen or Gretchen Rubin or Chriss Voss, let alone interviewing them.
But I did. And I did so really early on because I just took a chance. I took that leap. I just went for it. Had I waited until I felt ready, I would've never started this podcast. Be sure to take and make opportunities and give them all that you've got. And third, last but not least, help your brain, help you program your reticular activating system to help you be the best version of yourself.
Do this through repeated hyper visualization where you visualize what you want over and over again. And if you do this, your mind or your RAS is gonna reinforce these thoughts, and you're gonna start to make connections and have experiences pop up that gets you one step closer to your dreams. You can also program your reticular activating system by taking Ed's actionable [01:06:00] advice of regularly experiencing your dreams.
Oh my gosh. I loved this concept. Go out and touch your dreams as much as you can. Put yourself in a position of actually living out the life that you're striving for. I love the example that Ed gave that he used to take his wife to a hotel that he couldn't really afford, but he just stay there for one day and just.
Feel like what it would be like if he was to be extremely wealthy. He would touch that feeling and experience that feeling, and this is so powerful. This is like visualization on steroids because you're actually doing the thing that you want in your everyday life. So go ahead, rent that hotel room, take that vacation, Give yourself those experiences so you know exactly what to visualize and manifest, and soon enough, these experiences will become your everyday reality.
It also reminds me of something that Steve Harvey says, and he says, Buy that first class ticket. He says that if you buy a first class ticket and once you experience that experience and you're getting free drinks and you have lots of leg [01:07:00] room and you're getting the nice meals, you're never gonna wanna be in coach again, and you're gonna figure out how you can make it so that you can always fly first class.
Sometimes it's all about just stepping into your dreams before they're a reality. And finally, change your standards and do one more. By the way, guys, Ed's book, The Power of One More is an amazing book. I highly recommend that you guys go out and buy that. I'll stick the links in the show notes. It really was one of my favorite books that I've read recently.
And remember, do one more. Don't just hold yourself to your promises. Hold yourself to your promises, and then do more. Go further, be better, and then do it one more day. And with that YAP fam, let's get after it. If you felt inspired, as I did by this conversation, drop us a five star review on your favorite podcast platform.
That's the number one way to thank us here at the show. And you guys can also reach out to me on Instagram or Twitter at YAP with Hala or on LinkedIn by searching my name. It's Hala Taha. Thanks for your support for [01:08:00] this podcast and thanks as always to my amazing YAP team for all their hard work. Catch you next time.
This is your host, Hala Taha, signing off.
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