Rule #1 Finance Blog

With Investor Phil Town

InvestED: Ep. 96 – JJ Virgin on The Miracle Mindset (Part 1)

This week we sit down with JJ Virgin, celebrity fitness and health coach and four-time best-selling author. In this episode, we discuss a life-altering event that took place four years ago for JJ and her family, and the outstanding book she wrote that gave meaning to The Miracle Mindset.

In Episode 96, Part One You’ll Learn:

  1. What the miracle mindset is and the attributes needed to build it.
  2. How gratitude is a significant factor in how you can increase your performance and the way you invest.
  3. The two types of mindset that separates success and non-success:
    A. Fixed mindset
    B. Growth mindset
  4. How to train yourself to become resilient.
  5. A quick habit “hack” that JJ claims will change your life, for the better.

Show Notes:


Episode 96 Full Transcript

Phil: Hey, everybody, this is Phil Town.

Danielle: This is Danielle Town.

Phil: We are here for the invested podcast where we are trying to figure out how to invest like guys like Warren Buffett.

Danielle: Charlie Munger.

Phil: Danielle’s learning from me. I’ve been doing it for about 30 years and you guys have been listening to the podcast to know that we are deep in the weeds most of the time about how to figure out what companies we should be buying and what they’re worth and how to do it and all that stuff. Not tonight.

Danielle: We’ve been doing our back to basics series. Tonight, I think actually what we have is a great follow up to that series.

Phil: We do.

Danielle: It’s perfect.

Phil: Big friends with a really incredible best-selling author who has had a huge impact on my life and I just wanted to plug her a little bit.

Danielle: Ooh, I want to hear about that. Tell us.

Phil: The person that’s on here tonight with us is JJ Virgin: who is an incredible author who wrote this best-seller called The Virgin Diet and followed up with three more huge, huge successful books. JJ welcome to the podcast. We’re glad to have you on here. You might as well say hi to everybody so they know you’re here.

JJ Virgin: Thank you. Good to be here.

Phil: I wanted to tell you thank you for all of the work that you did on these previous books which have been an incredible impact on me and my family. Particularly, Danielle’s stepbrother Hunter who, along with me and my wife Melissa, got off of sugar hardcore.

JJ Virgin: Yay!

Phil: Because of your book, which is amazing. I have mentioned this in our classes. We do these classes once a month with people coming to Atlanta. We talk about investing. We also talk about a lot of things that impact us as people and certainly not being healthy and not having the physical fitness that we want is a big deal for everybody and so I always mention that I got off sugar and I don’t invest in Coca-cola anymore. I think I told you that once. I’m not investing in Coca-cola. We have this point of view that we have to invest where our values are because that really connects us to our money in a way that … You have to think about your money as a vote for what’s gonna happen in the world. I’m not voting for Coca-cola in the world anymore. My mentor, we follow Warren Buffett really closely and Buffett, of course, is a huge shareholder of Coca-cola. His son is on the board.

Danielle: He is an unabashed regular drinker of Coca-cola.

JJ Virgin: Oh my gosh. It just blows my mind that people still drink these things.

Phil: I know.

JJ Virgin: I just don’t understand it.

Danielle: He drinks it so much that he doesn’t care that he might die from it.

Phil: Right. He’s 86.

JJ Virgin: He’s like another George Burns. There’s always those anomalies out there that everyone points to and goes, well he can do it. He’s not normal. He’s probably an alien.

Phil: You’re gonna love this. In part because of the work you’ve done in America about sugar … Let me preface by saying that every year Warren has a meeting in Omaha and every year the meeting attracts more and more shareholders of Berkshire-Hathaway. Last year it was something like 45,000 people came to this meeting, this annual meeting, and in it last year someone … People get to ask questions until he’s tired of answering them. Someone asked him, why are you investing in Coca-cola? Aren’t you worried about your health? JJ, you’re reaching a huge number of people here. What Warren said is, “I like my Cokes. I drink eight Cokes a day.”

JJ Virgin: Oh my gosh! Someone check his liver.

Phil: Because they make me happy. He said, “I’ve been to Whole Foods. Nobody’s smiling at Whole Foods.” The place cracked up. 40,000 people started laughing.

Danielle: He doesn’t go to the one in Boulder. That’s all I can say.

Phil: No, he doesn’t go to the one in Boulder. First, I just want to thank you for the work that you’ve done. Tonight what we’re gonna talk about is not about diets, I hope. We can certainly get there, but I really want to talk about something that I think is a more foundational issue. Because you have a memoir coming out called The Miracle Mindset, which is your mother … It’s a mother, her son, and life’s hardest lessons. The name of the book, Miracle Mindset. You guys, this is coming out on February 21st. We’re gonna talk about that in the context of what we do. In this book, JJ is exploring the kind of lessons that … JJ, you’re an incredibly powerful person. You’re an incredibly powerful woman. You have really learned a lot from going through this horrendous experience when your son got in a brutal hit and run accident. I really want you to share with us tonight if you will, the lessons that you learned from that process that make you who you are today. Because I think they have a direct correlation.

I really, really believe that there’s a direct correlation between the mindset that you have and your success as an investor. I think those two things are beyond deeply connected and we don’t give it enough time. If you will, let’s talk about that.

JJ Virgin: I love that you brought that up because I think that the key thing here is that you can never outrun your mindset. It is going to impact every decision in your life. Whether it’s your deciding to drink the Cokes or not, what kind of relationships you choose, how you invest your money, what you do in your career. Everything is guided by this and so when you can focus that, when you understand that you can actually upgrade, uplevel, your mindset, you can build it. I call it a muscle. To me, mindset is that other muscle that we can build and when you do, it will then uplevel every area of your life. Automatically.

Danielle: What happened … Maybe just give us the synopsis of what happened with your son and how you developed this miracle mindset.

JJ Virgin: This is the parent’s worse nightmare show. Danielle, I know you haven’t had kids yet. I’m assuming since you’re just newlywed.

Phil: She has three.

Danielle: Stop it.

JJ Virgin: Wait, you’ve got three kids?

Phil: No, she doesn’t.

JJ Virgin: Okay, I was like what?

Danielle: I could have three kids. I have no kids. You’re right.

JJ Virgin: No kids. I have two boys. They were 15 and 16. I was just getting ready to launch The Virgin Diet. I had invested everything into that. That was, to me, my biggest opportunity, so I’d invested every dime of my advance. I’d invested everything I had. I borrowed. I was all in. It’s that whole idea if you want to take the island, burn all the boats. I was all in. I was going for it. A couple weeks before, this is all set to start playing out. I have a public television special, the whole bit. My son’s got bipolar disorder, so things were always kind of up and down. He’d gotten to a really good point. I came home one day, he was in one of those moods and got mad at me, stormed out the door, barefoot at dusk, no ID on him or anything.

Danielle: Barefoot.

JJ Virgin: He said I’m not as strong as you think I am Mom, stormed out the door. I went into the garage to go workout. Next thing I know, my other son comes running into the garage and says, “Mom, Grant’s been hit by a car and airlifted to the local hospital.” We ran over there with my ex-husband. We knew nothing. They wouldn’t give us any information because he was John Doe. In fact, the only reason we even knew he was airlifted was because my ex-husband and my son Bryce stumbled upon the accident. They decided to go left instead of right. First miracle. Because had they not find him, he would have died in that hospital as a John Doe. One of the policemen on the scene looked at my son Bryce and said, oh the kid looked just like him. They’re Irish twins, you know a year apart. We get there and they usher us into a room. They won’t even let us see him. They tell us that he’s had a serious accident. He has a torn aorta. That kills 90% of people on the scene.

It’s hanging up by onion skin which means if it’s not repaired, it’s going to rupture some time in the next 24 hours. He’s in a deep coma and 13 fractures. He literally had bones sticking through his skin. Covered half his body in road rash with glass and gravel. It was just unbelievable to see. They said we cannot fix this torn aorta here because we can only do the surgery with a blood thinner. It’s a very specialized surgery and he’d have to get airlifted to another hospital. If we airlift him, he’ll never survive that. Even if he did, he’s not gonna survive the surgery. Even if he were to survive both of those, the chance he’d every be normal is so slim. He’s gonna be so brain damaged. My son Bryce looks at him and says, “So like a .25% chance.” The doctor says, “Yes.” Bryce says, “We’ll take those odds.” If you knew my son, he is so this kid. We overruled the doctors. We had him airlifted. We got him to this amazing surgeon. He survived the airlift. He survived the surgery.

He was in a deep coma. Neurosurgeons were like, “We don’t think he’ll ever wake up.” That’s where I launched the New York Times. I literally launched the New York Times bestseller from the ICU next to my son in a coma. I looked at this whole thing and I went, all right. My son’s in a coma. I’m not leaving. Third leading cause of death, by the way, is death by doctors. Hospitals are like the worst place to really … You have to be an advocate. I wasn’t gonna leave. I also had to launch this book. Come on, it’s my book. I just went into high gear. I looked at my son and holding his hand, and I said, “We’ve got this. You’re a warrior. You’re gonna be 110%.” That was the principle I operated from, that I’d been operating from for the last four and a half years as we’ve been pulling him out of this brain injury. This book is gonna be the biggest thing ever. My friends who knew me well … Because a lot of people were like, oh my gosh.

My friends who knew me well were like, oh now you’re really gonna make this thing go. I go, “I have to.” My medical bills, my unreimbursed medical bills last year were $55,000. I looked and went, whatever it’s gonna take to get him better than he was before this accident, I’m all in. What do I need to do here? That’s what this book is all about, are those decisions.

Phil: I’ve been through two really significant book launches where they really intend to make your book a big success and going into it they make sure you, as the author, are going to be fully present and have all of your resources. It’s everybody into the breach. When this launches, I don’t think there are very many things I’ve ever done in my life that were as intense as a book launch. The immediate first days of it are just insane. They have a hundred radio shows. They have dozens of television appearances.

JJ Virgin: I was doing those out of the hospital. They got me a separate room.

Phil: Unbelievable, JJ.

JJ Virgin: I know. I had a public television special and I did The Today Show and … I had to go run out and then come back. My ex-husband would come in when I’d run out. It was insanity. He was in the hospital four and a half months. It was insanity. That was the easy part. [crosstalk 00:12:19]

Phil: What was the hard part?

JJ Virgin: What I was told when he was coming through the brain injury … Just some stats that I was completely unaware of. By the way, my son actually had one of those near-death experiences where he said, “The gray man came down and asked me whether I wanted to live or die.” He was actually on the other side talking to grandpa and it was really nice over there. He goes, “But I kept hearing you talk.” Because I’d literally sit next to him with my laptop open talking about what I was doing for the book launch because I was like I know he can hear. I’m gonna just talk to him. He said, “So I decided to stay.” Just crazy stuff. What they told us about the brain injury is they said, okay when he wakes up from the coma, it will be ugly. That was what I was told. It will be ugly. The brain has its own time schedule. It just takes time to heal. Completely wrong advice by the way. That is absolute misinformation.

Luckily, I knew that because of being in the field of nutrition and health and having so many amazing functional medical doctors in my world. I had already sent out an SOS and had amazing advice. Helping someone come through a brain injury is like nothing you’ve ever experienced. They don’t have an internal editor. They can be crazy rageful, aggressive. It’s kind of like getting a really big baby. Because Grant had to relearn his name, how to eat, how to talk, how to go to the bathroom, how to brush his teeth, how to tie his shoes. Everything. At first, he couldn’t remember from one minute to the next so it was sort of like Groundhog’s Day movie over and over again. He would become the incredible Hulk. He was scary violent at times. It just was amazing come through. 17 million people a year have a brain injury. 25% of them have suicidal ideations, attempt it. It’s a very dangerous thing. Massive depression, anxiety, memory loss. It’s one of the top causes of death. I think it’s actually the leading cause of death now in children is brain injury and all the problems from it.

I knew all this going in. We had multiple suicide attempts over the last four years bringing him out of this. Where we’d all … As you can imagine, after all, the stuff I’d gone through, he would go and swallow a handful of pills. I’m like, oh no you don’t. Not after all this. No, you don’t. It was incredible to go through. It gave me another big mission because I had no idea of this information. Most people don’t. It’s like you just sent me home with … I thought it was crazy when they sent me home with a baby. I’m like where is the instruction manual? What am I supposed to do with this? I didn’t even know you were supposed to burp the baby. I shouldn’t have been given this. Give me some training here. Brain injury is a whole other level. Oh my gosh.

Danielle: When you were facing that moment in the hospital, knowing that he had just survived the airlift and you were gonna go through all of this massive rehabilitation and surgeries and you were gonna stick with him through all of that, but you had the book launch at the same time. I think a lot of people would say, I gotta put the book to the side. This is my family.

JJ Virgin: Yeah, you don’t have that luxury.

Danielle: Exactly. There’s a part in your book where you talk about the people depending on you and how much effort and money had gone into it. What actually gave you the strength to say at that moment, I’m gonna do both.

JJ Virgin: It was very interesting. One woman posted on my Facebook page, because I played this all out on Facebook. I had no time. I said, “All I’m doing is saving my son’s life and making this book huge. That’s it.” Taking care of my health. Those are the three things, nothing else.

Phil: Only those things, okay.

JJ Virgin: Only those things. Everything else was … By the way, I am of course making sure my other son was okay and my ex-husband had to really step … My ex-husband’s like a saint. Amazing human. I knew that I didn’t have a choice there. Some woman on Facebook posted, “Don’t worry about your job. It will be there waiting for you.” I’m thinking, I don’t know what planet you’re on, but I don’t have a job, a. B, I will have a bunch of people who work for me who are single moms taking care of their families, out of work, and you don’t get another chance with New York publishers. Granted, they are going to be kind. They’re not going to be business foolish. I had a huge advance. It either went or it didn’t. You can’t delay a pub date with that. It was gonna go, with or without me. I’d lose all the momentum. I also knew that I’m the financial support for my family. I’m the sole financial support. It ends with me. There was no option but to just step up and do it.

Phil: People always have that option, JJ. You didn’t feel you had an option other than to just step up and do it, but people back away from those kinds of challenges in their lives all the time. I think that’s one of the most difficult things for people to see, is is there a way to develop that kind of strength that … Can you build that muscle in some kind of way because in a way … We have a ton of students who are facing, maybe challenges not on that level, but they’ve got their own challenges. Everybody listening to this podcast has their own personal issues that their dealing with. They all need another 48 hours a day to accomplish the things they need to accomplish. When you say, I didn’t have a choice, that reflects some kind of a mindset. Something is in your mind that says like we talked about a minute ago. I burned the ships. I’m gonna die or I’m gonna win.

JJ Virgin: You know what’s so great, and think about this, Phil. Especially think about the group we’re in together. I started to look at all the people in my life. Because what happened after I got through the initial part of this, was that was the big question I kept getting asked. How’d you do that? Right. Of course, at first, they’re like, oh it’s because you were really healthy. I’m like, well that helped. It definitely helped. One of the big crusades I’m on is you never know when these things are gonna hit. You better be healthy. You can’t walk into the ICU with even a sniffle. You’re gloved and … You have to be game on. Plus, when you’re really working hard, you have to have the energy, the focus. There’s no room for donuts and Coca-cola. You have to be totally on it. There’s actually never room for that. I realized in talking to people who I admire who’ve done amazing things in life, who have created a big impact out there, and also looking back at my own life, that I had been in training for this my whole life.

That the best things that we grow from are the worst things that we experience at the time. It’s like you look back at them and you realize, we were gonna call this book The Best Worst Year. That the worst things really create the best outcomes for you. Grant even said when I asked him a couple weeks ago. Honey, if you had the chance, let’s take you back four and a half years ago and put you on the side of the road and you can cross the street or not. What would you do? He said, “I’d cross the street.”

Phil: Wow.

JJ Virgin: Because I’m better for it. If you look at it, I can’t name one situation in my life where something amazingly beautiful has happened and I’ve grown because of it.

Phil: Now we’re into the anti-motivational part of the podcast.

Danielle: Terrible things happen to you.

JJ Virgin: No, but here’s the thing. What if the thing that happened to you is the best thing that happened to you? What if those challenging things, facing your bankruptcy, having … I found out that my dad was dying of cancer, my son was bipolar, my ex-husband had not paid taxes and stuff during our marriage and was now suing me for my business. I found out all of this stuff at the same time. I look at the year that happened as one of the best years of my life, but it also put me in training. The more that you face these things and instead of running from them … Because, hey, here’s what we know. We all have challenges. We’re gonna have more of them. I’m not sitting over here talking to you with perfect life by any stretch of the imagination. There is stuff going on that’s scaring me. There are challenges and there always will be. It’s how we show up for those that makes the difference.

Danielle: How do you show up for those in a way that builds you up instead of breaks you down?

JJ Virgin: It’s part of this whole idea of this mindset. The big thinking here, and Carol Dweck is this psychologist from Stanford who first identified that there are two mindsets. There’s the fixed mindset. That is the victim out there who thinks life happens to them. They don’t really have any choice in the matter. What’s gonna happen is gonna happen. Then there’s the growth mindset. Those are the people that know that they can develop this, that life happens through them, by them. They have a choice in the matter, they can build and develop. Once you accept that, because I don’t know why you’d want the other one. Then you say, okay. Let’s say mindset to muscle which I have to do. I’m a nutrition fitness expert. Everything’s gonna get tied back to the metaphors I know. Here are mindsets of muscle. What are the key attributes? For me, I’m super analytical. I’m super left brain. I’m sure you guys can appreciate that. If I can’t measure it, I don’t know how to manage it or improve it. I had to first go …

Danielle: I’m the opposite of you, JJ. Just so you know.

JJ Virgin: Oh, really?

Phil: I’m with you, JJ.

JJ Virgin: All right. I am so left brain that as people started to ask me what did you do, I was like Spock over there, going what did I do. I literally went through and went okay let’s look at all of the attributes. Which really became the lessons. Let’s look at what are the key attributes here. Because once I could identify them, then I could figure out how to measure an attribute of a person and then I could figure out how to build that attribute and create this bigger muscle. That was the first part of it. Which took a while to really identify …

Danielle: Was it hard to identify the attributes that …

JJ Virgin: Yes.

Danielle: Led to this process?

JJ Virgin: Yes. The first one obviously, and here’s the coolest part about this, is that there’s science behind it, which I love. It’s not just this … One of the challenges that I often have in personal development is it feels too amorphous.

Danielle: Absolutely.

JJ Virgin: It’s not quantifiable. I don’t know if I got better. That super frustrates me. There is science behind this. If you look at the science, it’s showing that people who are more resilient are happier in life. They’re more successful in life and the studies show if you’ve gone through stresses, if you’ve gone through challenges, and stepped into them and showed up, you’re happier. You’re better off. You’re more successful. You’re able to take on bigger things. Resilience is actually one of them and you can actually train resilience. That is super cool. The easiest ways to train resilience is through gratitude.

Phil: Tell us more about that.

JJ Virgin: Here’s what’s amazing too. This is why it’s so critical to be doing this now. That’s why I wanted to quantify it and create a training for it. Otherwise, you’re like, oh okay. I need to do that. You’ll never do it. If listeners just did this one thing, and again it will impact everything. It will, in fact, impact your ability to invest. It will impact your relationships. If all you did is say I’m gonna do this, it’ll take a minute a day. I’m gonna get up in the morning. I’m gonna pull out a journal, because you have to physically write it, you want your pen to paper. It’s going to activate your brain. You write down three people or three things that you’re grateful for, and feel it as you’re writing it. You can’t be Spock over there on this. You have to really feel like … I generally write down every day I’m grateful for my fiance. That on always gets in. It’s usually my family and then we go from there. Team or dog or health or whatever. You don’t have to limit it to three, you can fill up the whole page.

Just that action alone changes everything. That’s what I did everyday when my son was in the hospital. I actually I’m in Hal Elrod’s New Miracle Mindset for Entrepreneurs and that was the story. Ever morning I had my morning ritual. That saved me. Because I was so … I mean you can imagine how terrifying this was. I’d walk into the hospital and my son’s lying there in a coma and staring off into space. I’m sitting there going, you’re gonna be 110%. There’s no indication he’s gonna be 110%. There’s no indication he’s gonna be there in the next day.

Phil: This is incredible … I love it when I can get something that’s really actionable to do to make me better. I went over to Japan a couple of years ago with Marcy Shimoff and Janet Atwood, who you know. We went over there to meet with Wahei Takeda, who had read my book. Wahei … Have I ever told you this story JJ?

JJ Virgin: Uh-uh.

Phil: Oh, listen to this. This is crazy that you should bring this up, this gratefulness thing. We meet with Wahei. He’s there with Kin Honda.

Danielle: Who’s Wahei Takeda?

Phil: Wahei Takeda is the Warren Buffett of Japan. He’s an 80-year-old billionaire, all self-made through investing in other people’s companies. Following the same exact principles that Warren Buffett followed and the principles I was writing about. He had read my book. It got published in Japanese. Wanted to meet me, which was amazing. I go over there and we sat down. What he really wanted to tell me was the technology through which he became a billionaire, the technology of being a billionaire. He said Warren Buffett’s defined the box we get in as a value investor. We’re looking for something that is a wonderful business and we want to buy it when it’s on sale. Those are the basics. We all follow those basics. That’s of course what I teach people. That’s what I’m teaching Danielle. He said that’s the technology that made that all possible was what he called Maru. M-A-R-U. He said, Phil, I want to teach you to maru up. This is through a translator. I want to teach you to maru up. I said, okay, tell me what maru is.

He said well, when I would invest in a company, I would go to the chief executive officer of the company and I would say, I want you to understand my principles of investing and I believe that they will help make this company a better company. The principle is called maru. He said, I would tell the CEO that the more the CEO could input this idea of gratefulness into his company everyday, to teach his people to be grateful, every day, every moment, the better the company will perform as a company. If the CEO would accept that idea and would strive to implement it in his company, in his newsletters, in his company meetings, in the board meetings, and so on, then Wahei would stay with the investment. If the guy didn’t do it, just was polite, thank you, but no. Then Wahei would sell his investment and move on to a different company. He only invested companies that were implementing …

Danielle: Talk about putting your money where your mouth is.

JJ Virgin: Wow.

Phil: Yeah, putting your money where your gratefulness is. Some of those companies went so far as to hire choirs who, maybe 15 people who were being paid full time, to sing songs of gratefulness all day long. Wahei, what do you actually do? What is the process? He said, I think that I do it just unconsciously now, almost unconsciously. It’s obviously conscious, but just without thinking about it much. A thousand times a day, JJ, a thousand times a day, be grateful for something. I’m just grateful this moment because the sky’s blue. I’m grateful because it’s raining. I’m just thankful because it’s a beautiful day. Whatever. He was much less focused than what you’re doing with the journaling. I’ve got to tell you that ever since that time, I’ve been teaching that in my classes, that you guys go out and do this. What you just taught me was to make it more specific because I find when you leave it general like that, I go days without even thinking about it.

JJ Virgin: Yeah. That’s also overwhelming too. I can do three. I’ve been a weight loss coach forever. I know that it cannot be super simple, fast to do. I like to say little hinges swing big doors. They’ll actually do it, forget it. If I could pull this off when I was in the hospital 12 hours a day, we can do this.

Phil: This is so much more doable and achievable. Do you mind if I just immediately implement that in my next class?

JJ Virgin: Please, please do.

Danielle: I do want to ask you, though. It’s interesting what you just said, that if you could do it in the hospital, anyone could do it anytime, which of course is, technically true, but I find that when we’re in moments of crisis you tend to lean on those practices of spirituality or practices of religion or whatever you have internally to get you through it and then when things get easier, maybe it’s just me, but I tend to let those things go. When things are good for me, I tend to not do that. When things are bad, I need help, and I tend to lean on them. Do you have any advice for how to deal with mundane normal days?

JJ Virgin: Habits create structure that creates freedom. You want these things dialed in. I think that one of the biggest success criteria for me is starting the day with gratitude is the number one thing that I teach because you never know when the challenge is gonna hit. Truthfully, we hit road bumps every single day. You have moments every single day. I actually extend it out. That’s that first part of resilience is starting with gratitude. I actually start the day in gratitude. I end the day with wins. Little things. This I had to implement because I literally got asked by someone, I was sitting at an event, and they go write down the cool things that happened for you in the last six months. Write down five of them. I couldn’t think of five. I couldn’t really think of anything. This is a couple years ago.

Danielle: I actually know that feeling.

JJ Virgin: Right. You’re sitting there going, I can’t think of anything cool I’ve done. Now, I did three New York Times bestsellers in 18 months. Unheard of, and not recommended. Do not do that. Dumb. I couldn’t think of anything cool I’d done. I’d just launched a New York Times best-seller like a month before. I forgot that I’d done it.

Danielle: I bet you could think of a whole bunch of things you wished you had done better.

JJ Virgin: Yeah, but that’s typical. This is what we need to shift from, is every day, if you start the day with gratitude, again, this is a minute or less. Pull out … I literally have my journal sitting on my nightstand so that I will do that first. Pull it out. Write those down. It just becomes … It’s so indoctrinated in me. Before bed, ideally, I just, I always talk to my fiance about this or you check in, text a friend. Just think of three things. Even if it was you had a great dinner. It doesn’t matter. It’s three wins for the day. You can always find three if you’re still breathing.

Phil: I try to start every day, and I’ve been doing this now for about four years, maybe five years …

Danielle: What are you talking about?

Phil: With meditation. I started learning … I learned to meditate in 1972 after I got back from Vietnam. It’s just simple meditation. Sit down. Close your eyes. Any place, even in an airplane. Do 20 minutes. Danielle started meditating, I taught her to meditate when she was five.

JJ Virgin: Do you realize how lucky you are Danielle? Like, do you know it?

Danielle: For sure. It’s something I can go to so easily when I need a break from stress. That’s what … I speak from a place of experience which is in times of great stress, I’m very regular with my meditation. In good times, I’m less regular. It’s really true. I don’t find that I need it as much, so I don’t keep up with it. Of course, that’s the exact opposite of what I should be doing. I should be putting those experiences in the bank so that they’re there when I need them in times of great stress, but I don’t. That’s just … I don’t know.

JJ Virgin: I think you have to attach it to a bigger purpose behind it and a bigger why behind it and realize what it does and anchor it.

Danielle: Absolutely.

Thank you for listening tune in next week for Part 2! If you like us, please subscribe on iTunes and leave a review. Learn more about Rule #1 Investing by attending my free transformational investing webinar. Click the button below to learn more.




On the InvestED podcast, Phil and his daughter Danielle shine a light on the successful investing strategies that gurus like Warren Buffett have used for 80 years. Listen in for a great stock market education on basics, learn how to invest on your own, and follow along with real-time examples and investing tips from week to week.