“24 years old in New York. What do you do? You go to Wall Street.”
Belfort meant business, exposing his most essential failures.
“I started selling penny stocks to rich people,” he said, - and his story unfolds.
“At the age of 8, I had a paper route and began selling where my competition was.”
When Belfort realized competition was good for business, he began to strategize.
“Instead of going to all of the houses that didn’t have papers, I’d go to the ones with them,” he recalls.
“And I sold the hell out of those papers.”
“It’s all about tonality and rapport, Belfort emphasized. “Once people believe in you and the product, your golden.”
Summers later, he was on the beach selling ice-cones and necklaces to tourists.
“At 16 I was profiting 3 bucks a necklace and making more than my parents combined salaries.”
A new business venture offered success and overexpansion became reality. Winning big made him lose even bigger.
“I was 23 and had declared bankruptcy,” Belfort said.
“Two words kept playing in my head … Rent money, rent money, rent money.”
Needless to say, that’s where the real story begins.
“I had to sell myself a job,” Belfort said of his first day on Wall Street. “I almost didn’t do it, that’s how powerful limiting believes can be.”
Touching down on more than just his private jet, Belfort explained the Formula to Success;
“Show people value and they will invest value back,” he hounded. “Mixing strategy with motivation, that’s the secret.”
Well, the proof is in the pudding.
“With great power comes great responsibility.”