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Mo Gawdat

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2024-04-25
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2024-04-25
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  1. A hundred percent Listen, learn and limit. You're simply going to say, okay, limit. I'll just write down a million things that I'm doing every day. I'm going to delegate half a million of them. I'm going to cancel 200,000 of them. And I will eventually phase the remaining ones to 2,000 a week. Easy.

    2024-04-25 · The Diary of a CEO · Mo Gawdat: 80% Of Illness Is Linked To One Thing! An Alarming Warning For The Burnout Generation! If You Feel Like This, Quit Your Job Today! · IDENTIFIED FROM THE TRANSCRIPT

  2. That's absolutely the wrong use of language. You can get off it if you make it your target. So if I told you, Steve, I love you so much. Really like my brother, right? If I told you I love you so much, you're my brother. Your objective for next year is to be unstressed by the end of December.

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  3. But we won't break the capitalist system. As a result of that, you could literally solve hunger. You could literally end cancer. You could literally do anything you want reverse climate change. If you made that the objective. But the capitalist system will tell you no, the objective is to give to make Elon Musques two hundred billion dollars wealth trivial compared to the next trillionaire. Object The wrong objective. What are we paying for it? As individuals, we're paying our well-being, as rich billionaires, all of them are miserable. They make a lot of money. I mean, all is a very difficult word to say, but many of them, the many that I know are miserable. Most of them are very stressed. They don't know how to stop

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  4. It's where you're headed, and because when we head somewhere, regardless of your Stephen Bartlett or if you're an accountant, you know, working on tax accounting. If your mind says, I'm going to maximize every minute of my day by doing more accounting files, more tax reports and so on, your life might never end. You might get into that hamster wheel. And yeah, you're going to triple your revenue at the end of the year for what end? And for humanity at large the capitalist system assumed a world of scarcity, where I am increasing my wealth, either for insecurity because I am afraid I might lose it, or I am increasing it for my ego so that I buy a better yacht or better car than my other rich friend. Forgetting that it is no longer the truth. The truth is with more intelligence, we can harvest the fruits of building things almost for free.

    2024-04-25 · The Diary of a CEO · Mo Gawdat: 80% Of Illness Is Linked To One Thing! An Alarming Warning For The Burnout Generation! If You Feel Like This, Quit Your Job Today! · IDENTIFIED FROM THE TRANSCRIPT

  5. Yeah, it's still the wrong target to start. So, building a billion dollar business. Is impossible for you to spend. The target of you saying I want to build a business that is a billion dollars within it, you know, if you take the very core of morality, it basically means I'm going to use resources and people to create wealth for myself. In a very interesting way, that's not a very moral thing. If the objective is going to build Billion users business a billion happy people initiative. And in the process, I'm going to invite others to come within that conversation. And as I invite them to come in, the objective is to make a billion people happier, or the objective is to make a billion people get food in Africa or whatever that is. And in the process, I will be rich and wealthy. It's very different.

    2024-04-25 · The Diary of a CEO · Mo Gawdat: 80% Of Illness Is Linked To One Thing! An Alarming Warning For The Burnout Generation! If You Feel Like This, Quit Your Job Today! · IDENTIFIED FROM THE TRANSCRIPT

  6. that we can give that to the whole world so products become mostly for free, okay? Or do we give it to the person that built it so that they become gazillionaires while everyone else struggles? And the main mindset difference is a question, and I say that with respect, it's a question of a world of abundance versus a world of scarcity. We competed most of us in our past, in a world of scarcity, where for Microsoft to win, Lotus 123 had to shut down. Right? That's no longer needed. You know, there is enough for everyone. We can all win. But that shift from scarcity to abundance is a shift that you're struggling with. It's a shift of a question of what do we actually need in our life? Do we need 400,000 followers or do we need five friends? Because the cost of building Five Francis takes away from having 400,000 followers.

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  7. Of course So the question is what. Positions you want in the tribe. You want to be the richest boy in the tribe? Do you want to be the kindest boy in the tribe? Do you want to be the most compassionate? Do you want to be the wisest? I told you before, I want to die a billionaire. One billion happy is a capitalist movement the only currency, the only difference is the currency is not dollars. A billionaire, a billion happy people. Now, you spoke about how technology might drop the cost of everything to zero, literally to zero, right? Because if we figure out a technology using additional intelligence, as I describe it, artificial intelligence commoditizes intelligence. So you get a plug in the wall, you plug into it, you get 400 IQ points more. If we use that to figure out energy, right? And we simply generate energy for free. Because energy is abundant in the universe, right? What does that mean?

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  8. I think money is that constant need for money is either insecurity or And we as a society are struggling the insecurity and ego of money. America at large wants to be the most powerful nation in the world. Okay, that's power. That's insecurity that if I'm not the most powerful nation in the world, they'll attack me

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  9. The reason for all the challenges is not to serve us. Those challenges that we're facing are when someone tells you I'm building technology to make human life better, no, they're making technology to make more money Do they need this more money? They don't.

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  10. How think about friendships? You know, we moved from having to knock on my friend's door when I was young to go and play, to being able to call them on the phone, to being able to text them, to being able to connect with them on social media, to now, to the epidemic of loneliness that we have in the world today. Imagine how many of the next generation will have one of those as their friend. You can talk about anything. I was chatting with this machine yesterday morning about the difference between theory of relativity and string theory in definitions of gravity, right? Or the answer was compelling.

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  11. Yeah, so this is why the world is going to become more and more stressful. And my promise, at least my hope, is to tell. The world that you can become unstressable. Okay, I can't tell you that the world is going to be easier. I really cannot, but I really think that for every single one of us, the biggest task in the next two years is to find a way for you to handle all of those events. With calm and ease and peace as best as you can, because it really is for me, Steve, I lived through this. This is these are my typical life. That pace of technology is my typical life for 25 years, right? No, the world is changing. The world is changing economically. The world is changing relationship-wise. I mean, if you don't mind me think about dating.

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  12. Yeah, and now it sounds exactly like you. I have an avatar I'm speaking at abundance three hundred sixty. They had an avatar of me that looked like me and sounded like me a hundred percent that actually made sense.

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  13. But the question really is have you seen the movie Her? So basically, if I didn't tell you that this was a human, if I told you this was a call center agent, You be able to tell the difference The other problem that most people don't realize is if I told you that ChatGPT was text-based. Just six to nine months ago. And now it's able to do language processing without a mistake she understands. I'm saying she, the machine understands every part of the words that I say. Okay? I can switch between languages, so sometimes I speak half Arabic, half English. In Arabic, I tell her, don't speak to me in high Arabic, speak to me in Egyptian slang. And she literally speaks like an 18-year-old.

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  14. But you sound very human to me, I mean I wouldn't be able to tell if you were not a human if someone didn't tell me that you're an AI. I mean, is there a way where we can actually ensure that AI is presented as a machine instead of being presented as so human like you are?

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  15. Before those cycles of money, if we really are talking about changing the world, before those cycles of money gripped us, all you needed to do as a shoemaker is to make two shoes so that you can trade them for fourteen eggs. And the guy that, you know, had the hands needed to create 28 eggs so that he can get one shoe and a couple of vegetables, right? And that was it. There was no inflation. There was no, you see, the whole trick is that we get engaged in the details. And I don't undermine technology in any way. It's changed our life. It's the reason you and I are able to talk to people now. Until a certain point of growth and progress is useful, beyond that certain point of growth and progress, it works against you. Too much of anything is bad.

    2024-04-25 · The Diary of a CEO · Mo Gawdat: 80% Of Illness Is Linked To One Thing! An Alarming Warning For The Burnout Generation! If You Feel Like This, Quit Your Job Today! · IDENTIFIED FROM THE TRANSCRIPT

  16. The reality of the matter is that if you created a company that built products, sold them at the end of the year, paid all of the salaries of the employees, and gave you a reasonable profit. Why does it have to grow 2% every year or 5% or 20%? It has to grow because the economy, based on debt. Requires that we create more GDP next year than last year so that we pay the debt. If you add it all up, if you're borrowing a thousand and he's borrowing a thousand, and the economy this year needs to pay $1,200 next year, the GDP next year needs to become $1,200 instead of the thousand, right? So we're all following a cycle and we're in that big lie that says we need more productivity, we need more productivity. No, we don't.

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  17. I mean, I love how the simple lie of the true value of money is ignored in all of this. You see the whole idea of less or more. I mean, how much is a British pound? Is it, you know, one and a bit dollars, or is it for free? When your bank prints it on their machines through fraction of reserve, to give it to someone so that this someone pays it back with interest. What is money? And the real question is, could our economies, when you really strip our economies from money, could our economies behave, operate on the fact that we mine something, turn it into something, give it to someone, and the entire, if we changed all of the economic chain of the currency that's going through from dollars to something else, would that make any difference at all?

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  18. And the real question is everything is positive until you have too much of it. Stress itself is positive unless you let it linger forever.

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  19. The Endless cycle of growth and progress is a big lie, it's the reason why we're allowing AI into our life, without thinking of the dangers of AI. Because it's a big lie, more is better, faster is better, more progress is better, is it? Is There is a point until which we've done really well. We've increased life expectancy because of technology from, I think it was thirty seven, a hundred some years ago to now seventy some or 80-some, I don't know, right? We've increased human life expectancy. But when my wonderful friend Peter Diamandez wants to increase life infinitely, or Ray Corswell says, you know, that the technology can make us live forever. Really? Do I want to live forever? Why do I want to live forever? Is there a fear of death that I need to deal with? Is there a childhood story that I need to look into?

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  20. Where I was ready. Okay, that's, and what does that mean? It means that I had to leave Google X. I had to leave a career around being an angel investor and being this and being that. And, you know, now people text me and say, Mo, I have this new startup and I really need you to invest. And I say, I don't invest. Why? Because investment is not giving someone some money, investment is a call every four hours. Hey, we have this opportunity who wants that? And the real question is, and I say it with worry that a lot of people might have already switched off the podcast by now. It's a big lie

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  21. Because at the time I was in a system where I was very good at helping startups, but it wasn't my life's purpose. And as a result, I coached 50 startups a week. When I used to go to California, I used to tell from the number of startups that needed my time, I used to say I'm going to be in Blue Bottle Cafe on University Avenue between 11 and 6 p.m. or 5 p.m. on Sundays, come over, catch me, and I'll try to help you. And I would meet fifteen, twenty of them every single week, right? Why? It's not my life's purpose at all. I focus my life now on things that are very different. Happiness well being, you know, and it wasn't me that chose this path, by the way. That purpose was chose me by Ali leaving the world and at a moment where I was...

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  22. It's the only script that you know. So I keep telling myself there was a time if you really dig deep back in probably 2009. Did the public talk somewhere and it was filmed? And they asked me what is your life's purpose? And I said My life's purpose is to help startups build technology that is as complex as Google outside the Western world. So specific, you very, very interesting thinker, truth is I am not that person.

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  23. It's my ambition. But do I have to do that? Or do people listening to this? Are people listening to this going to tell other people about this so that they come and listen to this? Right?

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  24. Yours is what 15 million Gazillion Gazillion, something like that? I don't know, but there's a very large number. Right? Difference does it

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  25. So the question really is again, what's the ceiling? How many good books can you spread a year? I mean, when you look at slow-mo, I do the opposite of what you do. So, a very interesting part of what I do with slow-mo is I rarely ever get a celebrity It's a podcast by the people for the people if you want, sort of like a lot of people will listen and say, I can relate to this. This is part of my story. And the game here is that 7.8 million Billion, sorry, right? That's impossible. Impossible. The question truly is, what do I want to stand for? I mean, there are so many ways I can grow slow-mo. Is that what I stand for? Why do I want to grow it? I mean, look at my Instagram and your Instagram. This is a very interesting conversation. My Instagram, I think, is $150,000 people or something.

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  26. So you're saying that because you're doing two episodes a week, by the way, when I did 101, it was one episode a week. But because you're doing two episodes a week, you're enabling more people to have a channel to speak. There are sixty-two thousand books written last year. You need to step up your game. If you want to serve all books,

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  27. Yeah, yeah, okay. No, so the real question is if you allowed yourself to measure a different objective. The number of listeners, but the impact on every listener. Not the number of guests, but the quality of guests. Not the number of topics, but the topics that you believe in.

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  28. I struggled with that too because I've been trying to build an Arabic podcast for a while. Which I have to say is needed in the region. Really needed. The region of 350 million people. And in reality, I'm one of the few that can run an Arabic podcast that's as successful as LOMO, right? But the cost of that podcast is my health. So there will be a moment in my life where one of my projects will be handed over and the Arabic podcast will show up. But I sat with the person that I was working on this with, and I said, Look. It's not going to be right if I do it now. 52 more episodes a year beyond my capabilities. Think about one Kick ass, Dario of the CO a week.

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  29. make the same amount of revenue. You know what happens when you limit yourself to two deals? You serve the customer better. You know what happens when you limit yourself to five friends? They become real friends. You go out and meet them instead of text them.

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  30. There's no preview there's no pre plan of when I reach this it's enough twenty trips is enough. You know what happens when you limit yourself to 20 trips? Your value becomes higher

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  31. If you want to do it year or two, fine. Fine, but the lie is it's never ending. I told you openly, for every one of us, not just you, there's no ceiling.

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  32. You lose then? That's the reality, that you're spreading yourself so thin that ten of them are not getting your attention anyway. They're just bothering you in the back of your mind, and you lose the ten. Instead of two run three fifty percent buffer,

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  33. As a salesman. So my sales team would work, would walk into my review meetings, and they would present twelve opportunities. Every week, and I would go like, okay, I'm going to focus on number one and number four, don't talk to me about the other ten. They go like, why? This is like a billion dollars of business. And I'm like, yeah, but this is enough. Those are more difficult. Those customers are interested. We can serve them better. If you serve them better, you're going to close the deal. Right? Go do two. And by the way, if there are 12, we should hire more salespeople. But if you focus on two, you'll do 110% of your target. What's better than that? And normally what ends up happening is they focus, they continue to focus on all twelve. And you know what happens? That portfolio approach? Reality hits, you're running a portfolio so that ten of them will fail and two will run will happen

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  34. I'm so sorry, Steve, but how much of your business can be run by Oliver? Okay. You know, your CEOs should run that business. But again, I don't want to limit this to the top business people of the world. How much of your life

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  35. 80% of the money, unless you give your money to charity, is a waste of resources because you cannot buy, you cannot enjoy two cars at the same time. You cannot enjoy two beds at the same time. You cannot simple, really. And the trick is this. You can add the micro level, tell yourself I met when I was in my chief business officer of GoogleX, I met this wonderful CEO who, you know, basically appeared so chill and asked him and I said, how are you so chill? And he said, I do only four meetings a day at most, each is an hour. Okay? Nothing less, nothing more. And I said, how? And he said, I'm a CEO. If I do meetings that are shorter than an hour, they're too operational. If I do meetings that are longer than an hour, they haven't figured it out yet.

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  36. You can do it granually or you can do it at macro levels. So limit, remember, limit, learn, and listen. Limit the first module, the first ability is what can I limit? 80% of that person's life is not needed.

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  37. You can't touch your phone. So they sat me down for nine hours. To find the reason why they shouldn't let me in. And then they put me in detention. For 37 hours. Best 37 hours of my life Because I walked in and I immediately said silent retreat. Just going to meditate and sleep and relax and rest. And I would do eight hours of silence and then get up and joke with wonderful security people. By the way, it's, you know, the system that put me there, it's not the people. And I would get up and joke with them and then sit for eight hours of silence.

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  38. That's the other one. The question is the real problem is we're not able to sit with our brains. So we keep ourselves busy

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  39. For his family, and one for his business. And two is enough. The fear of I'm not going to get fish tomorrow is what would drive him to get three. Okay? But by the way, if you get three, you might not get fish tomorrow and after tomorrow. So now you need four. But what if you don't fish for a week? Where is the ceiling?

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  40. It doesn't matter. I always said that about Ali. I used to save for Ali, invest for Ali, issue insurance policies for Ali, and start businesses in the majors that he used to go through in university. So Ali changed majors three times. Every time he changed majors, I would start a business in that major so that when he graduates, he runs it. And then Ali dies. How many assurances, how many of those assurances work for Ali? How many of those assurances allowed me to spend the time with Ali? Did you realize that? Do you realize that while life is supposed to be lived, we spend most of it planning to live it? And once again, I hope that this doesn't alienate people because that applies at every single level. It applies at the level of that fisherman that goes out to get two fish.

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  41. Why should that prevent me from taking her shopping? One of the biggest joys I always had when she was in Canada, and I used to go visit her was we would go out shopping and she'd buy that beautiful pair of jeans or whatever those shoes or whatever papa, you know, Adidas made this new thing it's gonna make quiet baby right and I was capable of doing that and the trick was Why did I stop? Because I changed my objective. So why do you do what you do, Stephen? It's because your objective is set to maximize without a ceiling Your objective is driven by your young years. I'd say that with a ton of respect that said there is a possibility that there is nothing at all. So I might as well have as much as I can.

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  42. Why did I not take her on every flight? Like what more joy could I get in life? And the reasons why are because of illusions that we tell ourselves. Oh no, no, no, I'm busy. Oh no, this is expensive. Oh no, you know, she needs to focus on this. Seriously? And by the way, I'm not being the stupid romantic. It's like, oh, it's all about connection. It's not. But you need a certain balance of connection. I looked at Aya and I said, you know, we've been working with Aya recently on her financial capabilities and how to manage money and how to invest and right.

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  43. Never get them again, right? Then, you know, he starts to mess his words And then they're gone and you never get them again. And you get the child, but then the child becomes the teenager and you never get any of them again. And yet we tell ourselves, yeah? Fine, fine, fine. When I'm done building whatever it is that I set myself as an objective to build, I'll hug them. My God, I promise you I was sitting, I hope it doesn't listen to this. I'm sitting next to Aya on the flight. Asking myself why the F did I not take her on every flight?

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  44. That's when it starts to become quite interesting. I told you this story before when my son Habib Ali died. Ibel sat next to me, my ex-wife. She was flipping through a photo album. She said, Oh my God, he was such a beautiful infant. And then he died. I was like, what is she talking about? Like he died when he was twenty one. And she said, and then he became this beautiful child as she's flipping through the album, and then he died. And then this young man showed up the teenager, and then the teenager died, right? And I just couldn't get what she's saying until eventually, she said, and then there was this handsome, tall, wonderful man, and that actually really died. Okay? And the truth is my son, as an infant, was there for two years. If you pass those two years you never get them again.

    2024-04-25 · The Diary of a CEO · Mo Gawdat: 80% Of Illness Is Linked To One Thing! An Alarming Warning For The Burnout Generation! If You Feel Like This, Quit Your Job Today! · IDENTIFIED FROM THE TRANSCRIPT

  45. So I'll tell you very openly one of the most interesting thoughts I have in my life who did I interview recently Don't remember, but remember when we spoke about heartbeats? Heartbeats are your only resource. This is the only asset you come to the world with, right? And you may think you're healthy, you're athletic, that you have, let's say, 40 more years of full energy. Truth. That's true. But how many more years do you have in your 20s? None gone, right? And the question is, how many more years will you have in your 30s? Because this season of life is very different. Okay? I hope I'll be able to continue to contribute for maybe 10, 15 more years, right? How many would I be able to contribute with the same sharpness of mind and the same ability to beat the machines? Three?

    2024-04-25 · The Diary of a CEO · Mo Gawdat: 80% Of Illness Is Linked To One Thing! An Alarming Warning For The Burnout Generation! If You Feel Like This, Quit Your Job Today! · IDENTIFIED FROM THE TRANSCRIPT

  46. Of my favorite chapters in Happy Sexy Millionaire was how you quit your CEO job. And when you really look at that, you basically are saying it's killing me. There was no joy in it anymore. And it's quite interesting. The challenge for most of us humans is that we're very capable on achieving what we set our mind to. The question is always what do we set our mind to? If you ask me, you're in a millmill. You know that hamster wheel. And there is no ceiling. So the hamster wheel is basically saying, I'm here, I'm going to run like mad. I'm really, I'm a very good hamster. Okay? And as long as you're in that wheel, you're going to run like mad and you're very capable. You keep running to achieve what? The whole question When do we put our well being in the equation?

    2024-04-25 · The Diary of a CEO · Mo Gawdat: 80% Of Illness Is Linked To One Thing! An Alarming Warning For The Burnout Generation! If You Feel Like This, Quit Your Job Today! · IDENTIFIED FROM THE TRANSCRIPT

  47. How is that challenging? Okay? How is that challenging? Why would you allow yourself to go through this when there are alternatives?

    2024-04-25 · The Diary of a CEO · Mo Gawdat: 80% Of Illness Is Linked To One Thing! An Alarming Warning For The Burnout Generation! If You Feel Like This, Quit Your Job Today! · IDENTIFIED FROM THE TRANSCRIPT

  48. I flew over here with my daughter. So my daughter was in Dubai. She came to London with me. Best nine hours ever. Okay? What would I have been doing with that time on the flight, writing, thinking, responding to emails? What a waste of life. What a waste of life. You see, the trick is we said the stress equation is the external challenges divided by the resources you have to deal with them. How many of the external challenges do we create? How many of those do we invite in our life? How many of those are the result of us not setting boundaries? The question is to achieve what? Achieve what I had a very dear friend of mine that was in a relationship that was horrible. And I said, why are you there? And she said, well, we share the same apartment. Can't leave him because, you know, I can't afford rent on my own. I said roommate.

    2024-04-25 · The Diary of a CEO · Mo Gawdat: 80% Of Illness Is Linked To One Thing! An Alarming Warning For The Burnout Generation! If You Feel Like This, Quit Your Job Today! · IDENTIFIED FROM THE TRANSCRIPT

  49. And it's your life that's being traded for listeners. I'm sorry, I know you really well. You know how you love your girlfriend, how much time did you spend with her? In the last quarter.

    2024-04-25 · The Diary of a CEO · Mo Gawdat: 80% Of Illness Is Linked To One Thing! An Alarming Warning For The Burnout Generation! If You Feel Like This, Quit Your Job Today! · IDENTIFIED FROM THE TRANSCRIPT

  50. Then any other organization that can contribute money? Can we write disaster recovery software? Can we write this? Can we code that? That becomes our contribution. What is your contribution? I would say I love you. You're so dear to me. I'd say you're not observing the season. Your first contribution in your 20s was you with your energy, with your drive. I mean look at your books. More and more and more maturity, more and more deliverables very cleverly thought through. Look at what you do here. If you don't mind me saying, Steve, this is your biggest contribution. This could happen in a week a quarter. You do two a week You're mad absolutely mad. Absolutely mad, I love you, but to a week you're stressing yourself and you're stressing the listeners. The only reason why you do two a week is because it gives you more views.

    2024-04-25 · The Diary of a CEO · Mo Gawdat: 80% Of Illness Is Linked To One Thing! An Alarming Warning For The Burnout Generation! If You Feel Like This, Quit Your Job Today! · IDENTIFIED FROM THE TRANSCRIPT