YouSaid · the spoken record

Phil Hellmuth

lines on the record
65
first
2017-08-24
most recent
2017-08-24
sittings or episodes
1
sources
podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

  1. Those goals? I looked like a year later. My wife found the list, and maybe two years later, and I knocked off five of those lifetime goals already. I'd won the main event. I'd met Kathy I bought this beautiful condominium. I bought some beautiful cars. And so just it was amazing how many boxes I checked now. The best-selling book, I didn't know this in 04 when I put out play poker like the prose. I didn't know that this would be the one. I just saw the poker wave coming and I put a how-to book out there. Wrote it myself. We talked about this last night. It took two months, 1500 words a day, put it out there. Some guy holds it up on ESPN. He played a seven-card low tournament. Seven-card low. He'd never played before.

    2017-08-24 · The Tim Ferriss Show · #260: Setting Goals, Making Money, and Overcoming Tough Times -- Phil Hellmuth · IDENTIFIED FROM THE TRANSCRIPT

  2. Most dump off the money. So the money flows all the way up. So if I want to be, if I want to win millions or deca millions playing poker, I have to be up here at the top as a player. And I have to use this pyramid and make sure that I check all the boxes on all these blocks to get there. And I came up with the concept, I'm overwhelming people. I have two pyramids and a lifetime goal list. And then I decided it's important to have something on my bathroom mirror, which we talked about a little bit already. And so that concept came that day. So all of this amazing positive momentum. But to me, that was one of the most, I'm calling that in my autobiography poker brad, I'm saying that chapter is called I Can See the Light. I just talk about that. And then I'm devising all these money management strategies

    2017-08-24 · The Tim Ferriss Show · #260: Setting Goals, Making Money, and Overcoming Tough Times -- Phil Hellmuth · IDENTIFIED FROM THE TRANSCRIPT

  3. First, I have to be able to not smoke pot, not become an alcoholic, manage my money, all these little things on the bottom row of the pyramid, and then there's the next row of the pyramid, exercise, eating healthy, all this stuff. And the next row, make sure that you're studying the game. All the way to the top, so I designed a pyramid in that moment, just as creative breakthrough I'm having, right? And then I'm like, Well, actually, I love the concept of a pyramid. And in poker, the money flows up. So I designed that pyramid in that moment. I'm just writing for hours like a madman. And at the bottom of the pyramid is like all the small stakes games that might happen at a bar. And then all the home games. And then some of the games in Vegas and some of the big games in LA, all the money flows up. All the people that have success here come to this level. They dump off the money or they go up.

    2017-08-24 · The Tim Ferriss Show · #260: Setting Goals, Making Money, and Overcoming Tough Times -- Phil Hellmuth · IDENTIFIED FROM THE TRANSCRIPT

  4. Beautiful house. I'm going to buy a beautiful car, maybe one or two. I'm going to write a New York Times bestselling book, right? So I said, these are my lifetime goals, like six of them. And then at all this positive momentum and all this energy. And I'm like, wow, in order to get there, how am I going to do it? Well, I think of it as a pyramid.

    2017-08-24 · The Tim Ferriss Show · #260: Setting Goals, Making Money, and Overcoming Tough Times -- Phil Hellmuth · IDENTIFIED FROM THE TRANSCRIPT

  5. So I go and I'll never forget, I open this door, right? And boom, like the sun is out now. And it's bouncing off the snow. And it's just like a metaphor for what happened at that moment was the reality of what happened at that moment. I opened the door and I saw all the light and it's coming at me and it's bouncing off everything and I've been in some dingy bar and I'm just like wow, what is this? And I call for a taxi. I would never drive when I'm doing something silly like that. I get back to my apartment and I'm like, what are you doing with your life? And the first thing I do, I have all this positive momentum and all this energy. And I'm like, this is my lifetime goal. I'm going to win the main event, the World Series of Poker. If I'm going to be a poker player, I'm going to be the best in the world. I'm going to meet and marry an amazing woman. I'm going to buy a beautiful woman.

    2017-08-24 · The Tim Ferriss Show · #260: Setting Goals, Making Money, and Overcoming Tough Times -- Phil Hellmuth · IDENTIFIED FROM THE TRANSCRIPT

  6. And I'm having a drink, and I've smoked pot, and I'm suddenly like, and they're arguing about $20 at the pool table. And I'm like, what the fuck am I doing with my life? You know, and I'm like, I got to get out of here.

    2017-08-24 · The Tim Ferriss Show · #260: Setting Goals, Making Money, and Overcoming Tough Times -- Phil Hellmuth · IDENTIFIED FROM THE TRANSCRIPT

  7. Oh, no, no. I've got it. I've got it from here. Yeah. So, I mean, this was probably I was 21, I guess. Something like that And I had this kind of one of these weird touch points or something amazing happens to me, weird, right? So I'm playing poker in Madison, Wisconsin. I wake up and it's foggy and there's snow on the ground. And I'm like, you know, and I'm looking at a $2 and $4 limit game, but I have $20,000. You go to that game, you might make $200, right? Why do I, what am I doing? And so I go over there and I'm bored and I don't want to, and there's no golf courses open and I can't find anything kind of fun to do. And so two of the guys from the game, I say, hey, let's go have a drink. So I've never been a big drug guy, but I smoke pot. And then we go to the bar and I'm having a drink. And they're playing pool for $10 or $20 a game. And it's like one in the afternoon.

    2017-08-24 · The Tim Ferriss Show · #260: Setting Goals, Making Money, and Overcoming Tough Times -- Phil Hellmuth · IDENTIFIED FROM THE TRANSCRIPT

  8. I would get too inflated by the good stuff. My ego gets all pumped up. I get too devastated by the bad stuff. You know what I mean? And I look back and I was very defensive in a lot of the videos that you may or may not show. But a lot of these videos, I'm super defensive until 2011, 2012. And I'm like, wait a minute, I'm the all-time champion. I have all the records. Why am I so defensive? And I think that's part of that defensiveness. I want to be great. And I want everybody to think I'm great at games, specifically poker. And I think that may drive me. I'm trying to get away from being defensive.

    2017-08-24 · The Tim Ferriss Show · #260: Setting Goals, Making Money, and Overcoming Tough Times -- Phil Hellmuth · IDENTIFIED FROM THE TRANSCRIPT

  9. And by the way that can get to me. People, you know, I mean, people were telling me I wasn't good at poker coming into the game had passed me by coming into 2010. I sucked at poker because I hadn't done anything in a couple of years. And I mean, internet forms filled with how bad I was at poker. Because I'm a big target. And because I hadn't done anything lately. And that's fair criticism. And then all of a sudden 2011 came, and I had three second place finishes, and everybody's like, wow. Then 2012 came, and I won two bracelets. And everybody's like, oh my God. But I swear, I'll never forget this 2011. We were talking about how I was like, I'd fallen out of the top 500 in poker, how I sucked at the game. Exactly three weeks later, I had two second place finishes, and they were talking about how was the greatest.

    2017-08-24 · The Tim Ferriss Show · #260: Setting Goals, Making Money, and Overcoming Tough Times -- Phil Hellmuth · IDENTIFIED FROM THE TRANSCRIPT

  10. There's days where I'm off, and then a million of the kids watch it and they say Phil sucks at poker, Phil sucks at poker, Phil sucks at poker. I hear that, I've heard that so often in my life, that I'm not good at poker. It's crazy to me. It's because they watch my worst moments. And I think, I wonder if I watch this guy who's criticizing me. I've watched all of his worst moments.

    2017-08-24 · The Tim Ferriss Show · #260: Setting Goals, Making Money, and Overcoming Tough Times -- Phil Hellmuth · IDENTIFIED FROM THE TRANSCRIPT

  11. That was a great observation on his part. It made me realize how smart he is, increased my respect factor for him because he got it and pointed out something that I hadn't been paying attention to recently. But everything adds up. It's a picture. And how much are they betting? And when the next card comes off, now there's four in the middle. How much are they betting? And when the fifth card comes up, how much are they betting? Are they hesitating because they think I have to bluff all in here and I have to man up to do it? And then when they bluff do they put in right away or do they wait? And then people try to use things to throw you off. So you have to decipher the whole picture. So, I trust my instincts. And when I'm on, I look great. I'm just not on every day. So we film so much poker.

    2017-08-24 · The Tim Ferriss Show · #260: Setting Goals, Making Money, and Overcoming Tough Times -- Phil Hellmuth · IDENTIFIED FROM THE TRANSCRIPT

  12. Von was talking about this last night. He taught me something that I hadn't thought about much. When someone's looking at a flop, They usually haven't hit it. They're trying to figure out do I have anything?

    2017-08-24 · The Tim Ferriss Show · #260: Setting Goals, Making Money, and Overcoming Tough Times -- Phil Hellmuth · IDENTIFIED FROM THE TRANSCRIPT

  13. You're like, this is a moment where there's a lot of rain. So, number one, I'm going to develop strategies for the next time I have money. My money management system has to be really solid. And I have to actually apply it and use it. That's number one. Number two, I would look forward and I'd say, all right, what does it look like in two years? It looks amazing in two years. And so in the depths of dealing with some of the worst times, Would take advantage of that down period, of that being trodden down to be more focused. All right, how did this happen? How can I play poker better? How can I money manage? Money management is more important than playing poker. For a poker player just in general, yeah. You can ask me about that later, but that's very interesting topic. But to go with it, so those are the kind of the things I would use.

    2017-08-24 · The Tim Ferriss Show · #260: Setting Goals, Making Money, and Overcoming Tough Times -- Phil Hellmuth · IDENTIFIED FROM THE TRANSCRIPT

  14. Absolutely been coping mechanism for me, and this applied itself in poker too, because when you're young in poker, you're usually reckless. So I told you I won the main event, 750,000 dollars for first, right? This is 1989, man. So, you know, and I'd been taking way too many chances. And so at that point, from there, yes, I was smart. I bought a penthouse condominium, you know, and paid cash for it. Yes, I put aside money for taxes. But the other 300,000 dollars I lost. So yeah, I ended up with, and I mean, maybe I bought a couple cars. So beautiful cars. Penthouse condominium, but I'm struggling to pay $800 a month condo fees. It's like a year later. And so the coping mechanism there is rather than it's not that I'm avoiding the present, it's that

    2017-08-24 · The Tim Ferriss Show · #260: Setting Goals, Making Money, and Overcoming Tough Times -- Phil Hellmuth · IDENTIFIED FROM THE TRANSCRIPT

  15. And so, yeah, I think when When I'm achieving the most I can achieve, and I'm playing poker like no one else has ever seen, I think that that can be inspirational for millions of people that watch it. So

    2017-08-24 · The Tim Ferriss Show · #260: Setting Goals, Making Money, and Overcoming Tough Times -- Phil Hellmuth · IDENTIFIED FROM THE TRANSCRIPT