The Wolf of Wallstreet is one of my favourite movies. If you haven’t seen it, you must go and check it out. The main actor is Leonardo DiCaprio and it’s based on a true story by Jordan Belfort who is a successful stock broker.
The story takes place in New York where a young ambitious man takes on a new role as a stock broker. He learns the ropes and eventually become successful in Wallstreet until the company collapses. Eventually he is back out looking for work and then he comes across another stock broking firm which is a lot smaller to what he used to work for.
He makes a ton of money there where he’s selling pink sheets which are junk stocks. Eventually he starts his own business called Straton Oakmont and the story takes off there. He’s thrown into a whirlwind of troubles and adventure. I won’t spoil the movie for you but there’s a certain type of people who may enjoy it as what I’ve seen.
Anyway, here are some key takeaways that we can learn from the movie.
Selling Is King
Although Jordan Belfort is a successful stock broker, the real key to his success is that he’s a great salesman. It’s always been this case. People who are great at selling make a lot of money. The reason is because there is no ceiling on your income. You can virtual create your own pay check and you’re not tied to a 9-5 job.
If you’re good at selling, you earn big commissions depending on what you’re selling. I personally think that the ones who take time to master this craft and skill live the dream. Yes it’s painful dealing with rejection and frustration but if you work through it and be committed to being a master a sales, you can have anything you want.
Selling and rejection go hand in hand. Most people will panic when it comes to rejection and they make it all about themselves. However over time, you get over it and it becomes normal. Jordan has been selling for years and rejection is no longer a problem hence he’s so successful in selling. The ones who learn how to handle rejection are the ones who can get through hundreds of prospects per day.
Nothing important ever happens if you don’t take risks. Those who never take any risks live lives of regret. It’s a sad thing to say but when you reach the end of your life, you’ll end up regretting the things you didn’t do rather than the things you did. Jordan took many risks in his life and most of them failed but the ones that succeeded, they succeeded beyond his wildest dreams. Learn to take calculated risks and to get back up if it doesn’t go your way.
No matter how rich you get, there’s always something that can happen that will take you down. Jordan Belfort was able to go from rags to riches and back to rags again. He went up and down several times and the major key lesson here is that everything changes. You may go through sales slump or you may go through a victory streak. You never know what may happen because everything changes.
The Wolf of Wallstreet gives us hope that whatever you set your mind to, you can achieve. Although Jordan Belfort’s actions are controversial, we must always take heed of his lessons, but not judge the messenger.
Stay Strong and Be Relentless.