Miracle Mentality with Tim Storey (Motivation, Self Help, and Mental Health)

#1 Executive Coach: Leadership Lessons from Coaching the World’s Best CEOs | Marshall Goldsmith | Motivation | E39

43 min
May 11, 202620 days ago
Listen to Episode
Summary

Executive coach Marshall Goldsmith, who has coached more top CEOs than anyone on the planet, discusses his philosophy on leadership transformation, the importance of self-awareness, and how successful people can continue to improve. He emphasizes that what got you here won't get you there, and shares insights on alignment, ego management, and finding meaning beyond achievement.

Insights
  • Successful people often fall into the 'superstition trap'—believing they succeed because of specific behaviors when they actually succeed despite doing some things wrong, requiring humility to improve
  • True alignment requires three elements: a higher purpose/mission, meaningful achievement, and loving the process—not just chasing the next milestone
  • Leadership has evolved from command-and-control ('iron fist') to asking and listening, because modern leaders cannot know more than their specialized teams
  • Happiness and achievement are independent variables; pursuing achievement doesn't guarantee happiness, and waiting for success to be happy wastes present years
  • The most impactful legacy isn't measured by office size or wealth, but by the people you helped and the relationships you maintained
Trends
AI-powered personalized coaching at scale becoming viable for leadership developmentShift from transactional achievement metrics to holistic life alignment frameworks in executive coachingGenerational leadership style evolution from authoritarian to collaborative/servant leadership modelsIncreased focus on present-moment awareness and mindfulness in high-performance leadership cultureMentorship and apprenticeship models (paying dues) being rediscovered as critical to developing authentic leadersEgo management and behavioral feedback becoming central to C-suite coaching rather than strategy alonePurpose-driven leadership gaining prominence over purely profit-maximizing modelsSocial media and thought leadership becoming primary channels for executive influence (1.5M LinkedIn followers)
Topics
Executive coaching methodologiesLeadership transformation and behavioral changeSelf-awareness and ego management in high achieversServant leadership and mentorship modelsWork-life alignment and purpose-driven careersFeedback mechanisms for senior leadersArtificial intelligence in personalized coachingGenerational shifts in leadership stylesHappiness and achievement independenceWinning too much as a leadership liabilityStakeholder communication and listening skillsLegacy building beyond financial metricsRetirement and continuous life assignmentsBuddhist philosophy in business leadershipConfidential 360-degree feedback processes
Companies
Metropolitan Life Insurance Company
Early client where Goldsmith conducted his first major leadership development program in New York
Warner Lambert
Early client that hired Goldsmith to coach a young executive, establishing his executive coaching model
Boeing Commercial Aircraft
Client where CEO Alan Mulally implemented Goldsmith's coaching and achieved significant stock recovery
Ford Motor Company
Company where Alan Mulally applied Goldsmith's coaching during financial crisis, stock rose from $1 to $18
IBM
Company that offered Goldsmith a job after his MBA, which he declined to pursue PhD studies instead
Rose Hulman Institute of Technology
Goldsmith's undergraduate institution where he earned a degree in mathematical economics
Indiana University Kelly School of Business
Where Goldsmith earned his MBA degree
UCLA Anderson School of Management
Where Goldsmith earned his PhD and later became a professor
Loyola Marymount University
University where Goldsmith worked as a professor and was ranked number one despite zero teaching experience
Vanderbilt University
Where Goldsmith's daughter Kelly is a professor
People
Marshall Goldsmith
World's most prominent executive coach who has coached more top CEOs than anyone; 1.5M LinkedIn followers
Tim Storey
Host of the podcast; discusses his mentorship experiences and leadership philosophy with Goldsmith
Paul Hersey
Goldsmith's early mentor who taught him leadership development; highest-paid consultant in the field at the time
Lee Iacocca
Mentored Tim Storey for over 30 years; exemplified leadership style evolution from iron-fist to open-door
Peter Drucker
Goldsmith's mentor and greatest management thinker in history; influenced his coaching philosophy
Alan Mulally
Goldsmith's client who improved more than anyone coached; taught lesson about making coaching about people not ego
David Chang
World-famous chef who paid dues by working six months free for John George to learn his craft
Ron Howard
Example of servant leadership; learned from Steven Spielberg by serving his vision
Steven Spielberg
Mentor to Ron Howard; example of master-apprentice relationship in creative fields
John Paul Dujara
Previous podcast guest; founder of GlobalSKU app for reselling items
Kelly Goldsmith
Marshall Goldsmith's daughter; tested his AI bot with utilitarian philosophy question
Bob Iger
Example of leadership pivot; discussed changing leadership style in interview with Oprah Winfrey
Bobby Knight
Example of iron-fist leadership style from 1970s-80s era
Johnny Carson
Referenced as example of someone with magnetic appeal that drew people to him naturally
Edgar Papke
Friend of both Storey and Goldsmith; writes on alignment in leadership
David Michael
Co-created 'Lead With Love' movement with Tim Storey
Quotes
"What got you here won't get you there. The world changes. What got you here in your present role may not work in the future."
Marshall Goldsmith~35:00
"You cannot steal what somebody gives you. You just give it to them, save a lot of bother."
Marshall Goldsmith~55:00
"Achieve to achieve and be happy to be happy. Happiness and achievement are independent variables."
Marshall Goldsmith~70:00
"Never make coaching about your own ego and how smart you think you are. Make it about the great people you work with and how proud you are of them."
Alan Mulally (via Marshall Goldsmith)~48:00
"We seldom regret the risk we take and fail. We regret the risk we fail to take."
Marshall Goldsmith~85:00
Full Transcript
Hello, MiracleMetallityFamily. You just heard my good friend, John Paul Dujara. He was so good on this podcast. I want to tell you something that he's doing that I think is amazing. I'm introducing to you for the first time, GlobalSKU. It is an app designed to help you make extra money for stuff that you have just sitting around. Now, how does that work? Number one, it only costs $12 a month, and you can cancel any time. What happens is that you scan an item and it tells you what the item sold for in the last 90 days. And it lists across multiple platforms, including eBay, Amazon, Walmart, Facebook, Marketplace. This is amazing. Go to the GlobalSKU website or the App Store and start making money today. But I have something really good for you for the first 50 people from my world that comment, I'm going to give you GlobalSKU for absolutely free for one month. For the first 50 people to comment, I want to give you a free month subscription. So respond right now. That's GlobalSKU. Hello, my name is Tim Story. Welcome to MiracleMetallity. Remember rooftops, drawn spaceships on the ground. It's for the dreamers, the doers, the believers in something greater. In each episode, I'll invite you to rise above the mundane, to push past the messy and learn to live boldly in the miraculous. Every episode will have practical wisdom, spiritual insight, and my guests will explore what it takes to activate your Miracle Mindset. Remember to subscribe, follow, and like. Welcome to the MiracleMetallity podcast. I want to thank you guys for continuing to like, subscribe, and your Italian friends, because we remain in the top 10 in all the areas where I want to be in the top 10, in Spotify, Apple, all the other places. And I think part of the reason is the guests that we're bringing in. We're bringing in some really amazing people that are helping to walk us through leadership, also teaching us how to scale our lives and our businesses, but also talking about the right mindset. And as you know, your mindset is yours to set. It's kind of a choice. So I started hearing about Marshall Goldsmith long time ago. So when I found out that I had the opportunity to possibly even get him on the podcast, I got excited. So one of the things that I love, and I'm going to read this, his wisdom has helped shape leaders all around the world. And he is an executive coach. He is a guide to transformation. A man who helps people rise from achievement into true alignment and purpose. He is coach more top CEOs than anyone on the planet, says a lot. I've written bestselling books that have changed the way leaders think and live and built a legacy that reaches far beyond board rooms. But I'm going to say this from my heart. What I admire most about Marshall is his humility and his heart. He understands that success without self-awareness leaves you empty. He teaches that what got you where you are is very important, and also must come with meaning. You must live a life of fulfillment. And he has a reputation of being that type of man. He's a high achiever, written great books, as I say, and I will ask him how many people he has on LinkedIn now, because since my data, I'm sure it just continues to grow. Let's welcome to the Miracle Mentality, Marshall Goldsmith. Hi Marshall. Hello, and thank you so much for inviting me. Thank you for inviting me. I'm very honored to be here. And on LinkedIn this week, I had 1 million viewers this week. I have 1.5 million followers, but this week is a little unusual. I had over 1 million people read what I wrote just in a week. Okay, so that is one of the biggest in the world, just so all of you guys know. So he had over 1 million people read what he wrote just this week, and then 1.5 million followers. You good looking rascal. There you go. One thing I'm proud of, I was right, number one on LinkedIn is the creator and leadership and management in the world. And I looked at the other nine. I'm about 30 years older than the average of the other nine. This is really, really amazing, but let's go there for a second. What do you think is your secret sauce that has caused you to rise to the top? Me and you are old enough to remember Johnny Carson. So Johnny Carson had this way about him that as a late night host, people gravitated to him. So somehow, Marshall, including myself, we've always gravitated to you. What do you think is part of your secret sauce for that? I think at the end of the day, my mission is to help people have a little better life. I'm a realist. I don't necessarily change everyone in the world with everything I say, but help have a little better life that makes me feel good. Let's take this week. I had a million people read something I wrote, million. Let's imagine each one had a better one minute, just a minute. They had to change their lives, one minute. That's a million minutes. That's a lot of good minutes. Wow. Hey, I like this. Okay, Marshall, you've coached the most successful leaders in the world, but I want to go back. What was one of the first moments in your life when you realized that you were meant to help guide, mentor, and tutor others? A lot of life is luck and mentors. I had a great mentor in Dr. Paul Hersey. He was the number one highly paid guy in our field at the time, and I was a kid. He was kind enough to let me sit in on his class. I thought, man, that guy's good. I want to be like him when I grow up. So I did one smart thing as a kid. I said, I'm going to serve the coffee or move the tables around. Just let me sit here and learn from you. And I did. One day he got double booked and said, can you do what I do? I said, I don't know. He said, look, I need help. Can you do it? I said, I don't know. He said, look, I'll pay $1,000 for a day. That was 48 years ago. Now I was brought up in Kentucky. We had an outhouse the first four years I was in school. I wasn't brought up at Harvard Prep. $1,000 a day. I said, you kidding me? Signed me up. So I go to a program for the Metropolitan Life Insurance Company in New York. They are so upset that I'm there. I'm not him, right? I'm about to get ranked first place of all the speakers. They love me. They said, send him again. He said, you want to do this again? That's how I got into leadership development. So I just love what I do. I love that. And I love to study. So Ron Howard is an amazing producer, director. And you know that he was great on his own, but he loves Steven Spielberg. So he did similar to what you're saying as you did with Dr. Paul, is that he would go and just serve Steven Spielberg. And I think that's kind of a missing thing in leadership. This servant leadership side where you serve another man's vision. Tell me a little bit of how you feel about that. Well, look, one of the guys I've had the honor of working with is David Chang. David Chang is one of the world's most famous chefs, right? And David Chang worked, I think, six months for free for John George. Just to learn. You know, it's called paying your dues. And nothing wrong with paying your dues here. And David did that. And that's one reason he's so successful is he learned. And like, I'm not a copy of Paul Hersey, but I learned from him. He's not a copy of John George, but he learned from John George. And Ron Howard is not a copy of Steven Spielberg, but he learned from him. So I think you've hit it. Your attitude is the right attitude. Look, if I'm young, find somebody and say, look, I want to be like that person. And most people I think are nice people. If you come to him in a nice way, say, look, sir, I want to be like you. Will you help me? Yes. So where did you learn this philosophy? My mind was church related. So we were a lower income family. I was born in Compton, California. We had seven people in a two bedroom apartment. So church was a safe haven for my family. So being part of the church, we were taught about serving hood. So even when I was 11 years of age, I was helping the janitor vacuum the church. I was just always serving, serving the vision, serving the vision. I got mine from that. Where did you get some of your training, tutoring philosophy about this serving hood? Well, you know, let me give you one example from my past that really I never forgot it. There was something back in my high school called the March of Dimes bread drive to raise money for charity. So the donates this bread and the thing is you knock on the door and you say, well, you make a donation. If you do, we'll give you bread. Well, you know, my high school was poorest high school in the county. We should have come in last place. We came in first by 20%. You know what I said? They're going to throw the bread away anyway. You knock on the door and give them the bread. You don't try to bribe people with a loaf of bread. Give them the bread and say the nice bakery gave us this bread. If you want to donate money, it's okay. And if you don't, that's fine too. We won by 20%. You know, my attitude is give people the bread. Just give people the bread. Just give things to people. And you know what? In the long term, it comes back. Most people are good people too. Most people are good people. Look, if someone came to you and said, I love what you're doing, Tim, you know, I'd like to have a podcast like yours someday. You'd help them. Yeah, that's true. That's true. I want to ask you a question about choices. I write that sometimes in life we decide and sometimes we discover. And I see how all the degrees that you have, how much of your life you have, how much of your life do you think is on the decision? Like you just sat back and made these choices. And then how much of it do you think was a discovery where somehow you just started just flowing into these places? It's probably a bit of a hybrid, but how would you answer that question? I would say in my case, probably more of a discovery than a decision. Okay. Because like meeting Paul Hersey, that wasn't planned. The bread drive thing, I just made that thought of that out of the coaching. There was no field called executive coaching. I just met some CEO, Warner Lambert. He said, I get this kid working for us young smart dedicated. That's like a jerk. It'd be worth a fortune to me if you could help the kid change. I said, okay, I'll try. He said, I doubt it. I said, I'll work with the kid for a year. If he gets better at paying me, he don't get better. He's free. Guess what? He got better and I got paid. Well, I don't know. I certainly didn't plan that. That's very good. So let me just read about some of this. An American executive leadership coach, author, professor, born in Kentucky, bachelors in mathematical economics from Rose Hulman. Rose Hulman. Yeah. That is based where? In Indiana. Now, by the way, I got five D's when I went to school there. I barely graduated. It should have gotten thrown out twice. And two years ago, I gave the commencement address and I said, let's have a standing ovation for the bottom of the class. You don't know this. I'm loving because you found a way to keep coming back and moving up. So MBA from Indiana university, which is a big deal. Kelly school of business. PhD from UCLA Anderson school of management. Help me understand that. How did you even know that there was that type of a program at UCLA when you were spending so much time in Indiana? I had no idea. Look, I got a job offer to go to work for IBM. I had an MBA degree. I didn't want to go out in the real world. I thought, let's take another four years off, go to LA, have some fun. You know, why not? Right? I got, and I couldn't have any money, but I got a four year fellowship. I was making 500 bucks a month. Hey, 500 bucks a month. Most I ever made. I said, I'm getting paid 500 bucks a month to go to school and have fun. I'm starting up for this baby. So I'm really loving this. I'm loving this because it seems Marshall that there were times that you didn't know that you're going to be Marshall Goldsmith as we all know you now as one of the leaders of leaders. And that's how you're known to the world. And so then what happens is that you go to Loyola Marama at some point to the university and you start to do what there? What were you doing there? Oh, the professor. Now, some of it is just what you're good at. I was always a good teacher. I was ranked number one professor and I had zero experience. And when I work with Paul Hersey, I'm going to work for huge metropolitan life insurance company in New York, very strict people. That's a gift. Part of life is hard work and part of life is a gift. I've worked in my life phenomenally hard. On the other hand, that part is a gift. It's not that I worked hard. I was 28 years old when I did that. There are other people that worked harder than me. That's just I'm good at it. Yes. Okay. So what part of you is the pioneer, the trailblazer? I love to study whether it be an entertainment. I've had an interesting life that coming from lower income. In my late 20s, I started working in Beverly Hills and started being mentored by Leigh Iacocca. And he mentored me for over 30 years to the end of his life. We became best of friends. So I have a very unusual life to where I was around a lot of the Titans and pioneers and really saw that they could not help themselves. It was an eight. Okay. I see you as a pioneer. Do you think that was just part of your personality type or what has made you a little bit of a pioneer in the space? Well, I was like new ideas. So I think I'm still a pioneer. I have my own AI computer about right now, which is going to be mind blowing, Marshall Goldsmith dot AI. And again, I'm a top social media influencer. I'm doing a lot of stuff that people 76 years old are not doing. I'm always writing new books coming up with new ideas. So I still see myself as a pioneer. I think that the reason is I just like to come up with new ideas and try things. Now I want to tell you something. I see you as continuing to be a pioneer. You're like the Beatles, but you keep writing new hits. That's a good one. All right, so I want to talk about a book that you wrote. You have a book entitled what got you here won't get you there. What does that mean to us? Well, to start with, I've done about 60 books and I've sold about 4 million books. That book sold half. So that book sold as much as the other 59 put together. So that's a huge popular book. Let me tell you what it means. What got you here won't get you there. I'm coaching very successful people. Nobody I coach is a loser. They're all good people are very successful people. But I ask him a question. The world changes. What got you here in your present role may not work in the future. And number two, we're all successful because we do many things right. And in spite of doing some things that are dumb. And I've never met anyone who's so God like they had nothing on the in spite of category. We all got stuff to improve. I got stuff to improve. That's true. You got stuff to improve. We all got stuff to improve. So I tell people, look, you want to get better or not. You want to get better. That's what got you here. Now we fall into a trap. Successful people fall into a trap. I'm glad you brought this up. It's called the superstition trap. I behave this way. I am successful. Therefore I must be successful because I behave this way. Wrong, wrong, wrong. You behave this way. You are successful because you do many things right. If you did not do many things right, you wouldn't be talking to me right now. And in spite of doing some dumb things, and we all got something on the dumb list. I think that's beautiful. And I think that that is one of the challenges I have about religion, even though I've been raised in religion, is that there's a lot of superstition in that. But I so agree with what you're saying. Now, so here's what a lot of people would wonder, Marshall. They would say, okay, he writes this book. What got you here won't get you there. So you write this book. What do you think is one thing that created such a big wave that it sold so many books? Was it the right PR team or one stop at Good Morning America? Talk to us about this. A lot of life is reasonably random chance. The history of the book is interesting. The New Yorker magazine wrote the story of my life. And it's called The Better Boss. And the New Yorker magazine profiles are often very negative. So I thought, well, what am I going to do? And usually even if they're positive, they've got two paragraphs to the guys really a jerk. They almost are never all positive. So I think, well, I'm saying Peter Drucker was a great mentor of mine, greatest management thinker in history. And he said, who's the customer? Well, I thought if I'm going to do this, who's the customer? I said, first, the customer should be the people that buy my stuff. And I said, no, the customer is my unborn great-grandchildren. Some brilliant women is going to write a story about me and they can read it. And if I don't act like me, they won't know me. I told my wife, I am going to act like me. I don't care how much money it costs us. I don't care if I annoy people because that's the only way that these kids are going to know who I am. Know who their great-grandfather was. So I did. And you know what? In hindsight, the smartest thing I could have ever done. I'm like a foolish woman anyway. They wrote a wonderful story. Somebody called me up named Mark Ryder and he said, look, that's fantastic. Let's try to book together. That led to what got you here, what was there. Did that book. And I think that book really hit a chord because it's about helping successful people get even better. See, everybody thought that the chain is fixed to lose or not help the winner. Well, this has helped the winner. I said, these are problems of successful people. You may be successful, but you're not God. Successful people have problems, too. And you hear typical problems that successful people have. And that really struck a chord. For example, number one thing I talk about is winning too much. Now, what's that mean? It was important we want to win. Meaningful win. Critical win. Yeah. Trivial win. Not worth it. Win anyway. It's hard for winners not to win. Now, I'm going to give you a case study that almost all my clients fail. I'm going to bet you have failed this case study. Are you ready? Mm-hmm. I'm going to go to dinner at restaurant X. Your husband and wife friend or partner wants to go dinner at restaurant Y. You have an argument. You go to Y. Not your choice. The food tastes awful. The service is terrible. Option A, we could critique the food. Point out our partner was wrong. This mistake could have been avoided if you just listened to me, me, me. Option B, shut up. Eat the stupid food. Try to enjoy it and have a nice night. What would I do? What should I do?哎哎哎哎哎哎哎哎哎哎哎哎哎哎哎哎哎 watching the Miracle Mentality podcast. So many of my friends are texting me, DMing me, speaking to me and saying, Tim, thank you for these great guests that you're bringing on. So share it with somebody, a friend, a family member, a colleague, and then make sure and reach out to us at TimStoryOfficial and let us know that you love what we're doing. Thank you for being a part of this movement. Marshall, I'm telling you, I'm pretty good wordsmith myself, they tell me. You are phenomenal. What you do with words, buddy, that was brilliant. All right, so let's go there as two leaders. I'm gonna give you a couple words and then I want your take on them. Ego, ego. So here's what I wanna say about ego. A lot of times when I'm coaching executives, sometimes I get this pushback that seems like it's ego driven. How do you deal with some of these executives at all ages that sometimes there seems to be an ego pushback? How do you deal with that? Well, that's the most common thing I deal with is the ego related, winning too much is an ego issue. Why are you trying to win all the time? Ego, why just trying to prove to your smart every five seconds, ego. So what I do is everyone I coach gets confidential feedback. Now, by the way, one thing I'm good at, I'm gonna help everybody listening about coaching. The key to coaching, why am I ranked number one coach? Nobody knows I'm a good coach. Never watched me coach people. Why am I always ranked number one? I have the number one clients in the world. I have great clients, five of my clients been CEO there in the United States. I work with great people, hardworking people, dedicated people. I work with people who wanna get better. And if they don't wanna get better, you know what I say to them? Goodbye. People ask me, how do I motivate people who don't care? The answer is I do not motivate people that don't care. If they don't care, guess what? I don't care either. They're all adults here. We're no children. So I tell people, I give people confidential feedback. They have to not only get the feedback, they have to pick something to approve. They have to publicly apologize. Publicly apologize. They have to ask them. Yes. They have to shut up and listen and say thank you and they have to do it over and over. And guess what? If they don't wanna do it, you know what I say? Goodbye. So powerful. So powerful. Because I think what happens many times when you're trying to coach some of these groups, like I work some with the NFL. And when I'm going in even to teach some of the stars of these teams, they got their arms all folded. You know, their arms are folded like, okay, what's this guy gonna say to me? You know, what the hell is he trying to say? And I think in my younger days, I tried to convince them. I tried to razzle dazzle them. Wow. You know what? Look, how many people listen or have ever tried to change the behavior of a husband and wife or partner didn't wanna change? How many of us have tried to have before? How's that work out for you? How about changing teenagers don't wanna change? How's that work out? Hey, it's a waste of time. Look, if people don't care, they're probably not gonna get better. So my advice is coach people who do, and most people do care, work with them. Most people do care, work with them. They're the only ones who can get better anyway. The client that taught me this name, Alan Mulally. Alan was the CEO of Boeing Commercial Aircraft. He went over to Ford. Remember we had the crisis? Stock went from one on one to 1830 when he was a CEO. A CEO of the United States and an amazing human being. And he improved more than anyone I coached. He was fantastic to start with. I said, Alan, what should I learn about coaching from you? He told me one lesson that changed my life. You know, he said, never make coaching about your own ego and how smart do you think you are? Make it about the great people you work with and how proud you are of them. Change my life, not about me. That's why you're number one. That's why you're number one. Okay, I got another word for you. So first one was ego. Second is pivot. This is a word we're hearing all the time. We hear it in politics, we hear it in leadership. You gotta know how to pivot. What does that word pivot mean to Marshall Goldsmith? I don't ever argue about definitions of words because people make up about any definition they wanted, nobody made me the word God this week. So Paul Hirstie taught me, never prove anybody's wrong on words. So people define words the way they wanted to find them. In my mind, what this means is you need to be willing to change as the time change. Look, I got my own AI bot. I'm spending hour and hour and hour studying artificial intelligence. That's a pivot. That's a big pivot and a smart pivot. And let's take a moment before I get to my next word. Tell us more about this AI bot and why you're so excited about it. Tell us more about it. This is so far ahead of anything I thought it was going to be, but I don't even advertise it much now because what's coming is so far ahead of what's there now. Basically what I do is I'm trying to teach it everything I know. So you can just talk to it like I'm talking to you and it'll answer questions. It's gonna look like me and sound like me. And it's gonna be like me talking to you only smarter. For example, the one I have now, just go to marshalgoldsmit.ai. By the way, it's all free. So my goal is to give everything away. Give everything I know away. It's a great system. I have the best security system in the world. You know what? Nobody can steal one thing I teach. You know what, they can't steal it, give it away. Because I give it away. You cannot steal what somebody gives you. You give things to people that can't steal anything. You just give it to them, save a lot of bother. Well, you know, my AI bot, I'm trying to teach it to answer, but it's better than me. My daughter Kelly, daughter Kelly's a professor at Vanderbilt and she wanted to trick it. So she said, how is your coaching related to utilitarian philosophy? I didn't even know what utilitarian philosophy was. It studies utilitarian philosophy. It studies my coaching. It answers it exactly like I would have answered it had I done that study in 32 languages in about five seconds. Incredible. MarshallGolsmith.ai. That's it. Are you sure you don't want to monetize this? It sounds like a lot of money you're giving away. Look, look, I'm a Buddhist. I'm a philosophical Buddhist. There's nothing in the world I can buy that is gonna make me one Iota happier. I'm trying to tell you, Marshall, you're not a normal human being. How about that? Okay, so when we talk about pivot, let's go there for a minute. So when I was around Iacocca, Lee Iacocca a lot, he used to tell me about like leadership of the 70s and the 80s, a lot of it was kind of with the iron fist, right? And when you would see even coaches like a Bobby Knight, that was like with the iron fist, okay? But then you see other guys that have like a open door policy, open door policy, and they're changing. I saw an interview that Bob Iger did, Robert Iger with Oprah Winfrey, and he talks about how he had to pivot in his leadership style because times are changing. Right. How has leadership changed in your opinion from maybe more of the iron fist to more of the open door policy? You would know this answer way more than I would. Well, here's what's happened. And again, Peter Drucker was my mentor. He had a great vision for the future. He said, the leader of the past knew how to tell. The leader of the future knows how to ask. Here's the problem with just telling people what to do. If you know more than they know, okay, it's not so bad. If they know more than you do, you can't sit there and tell them what to do and how to do it. They already know more than you. The people I coach who are CEOs of big companies, they don't know as much about what they're people doing. As their people do. By the way, if you're a CEO and you know more about marketing than a marketing guy, more about finance and finance woman, and more about HR than HR person, you got the wrong staff. You don't have a leadership problem. You got a selection problem. You want them to know more than you do. Well, when they know more than you do, you got to ask and listen and learn. You can't sit there and bark at people, tell them what to do. You don't know enough to tell them what to do. Love that answer. All right, let's go to this word, Marshall Goldsmith. It's a buzzword right now. Alignment. I speak at a lot of these big conferences, watch. And everyone's talking about, you got to get in alignment. And I love a friend of mine, and he may be your friend too, Edgar Papke. He writes some on alignment. You probably have written on alignment. But this word alignment, what does that mean to you? There are many types of alignment. So one of the things is getting people aligned with the company values, their goals, objectives, all that type of alignment. To me, let me talk about more from a human perspective though. From a human perspective, what do you need for good life? Let's just take the people listening here. What's my goal on this call? My goal is pretty simple. Let's imagine we talk and somebody has a little better life based on this call. You know how I feel about this call? Yeah. Good call. Good call? Yeah. That's a good one. Now let's take this. You have real humans listening to us right now, real human beings. Let's give you a way to look at alignment. Now what do you need to have a great life? First, take care of your health, have good relationships, be real love, and make a middle class or above income. More than that, money's not gonna make any happener anyway, right? If you do, I mean, I work a lot of rich people are happy, a lot of rich people are unhappy. That's not gonna make you happy. Assuming you have middle class income, healthy and got good relationships, people love, what matters? Alignment in three things. One is, why am I here? What's my mission? What am I doing this for? You need to answer why, a higher purpose. Two, you need to achieve. You need to be doing something that's meaningful achievement for you and hopefully connected with that mission. And three, you need to love the process of what you're doing. If you've got a higher purpose and you're achieving in a way that's meaningful to you and you love the process of what you're doing, you won the game of life. You're a winner. And nobody else can tell you what your higher purpose is. Nobody can tell you what achievement means for you. That's up to you. And nobody can tell you what's gonna make you happy. Are you just having an on day? Are you usually this wise? Marshall, cause I'm pretty good and you're blowing me away. So slow down here, watch this. The idea of loving the process is where most guys miss it. Because even guys that I coach to do extremely well, they are just on their grind. They're beating the sun up. They're just, when I get this, then I'll be happy. When I get that. And in the Buddhist philosophy, as you know, the whole idea is to be fully present, fully feeling, fully alive to be in that moment, right? And so you're not in the moment. If you think when I get, then I'll be happy. I love what you're saying. You have to love the process. The great Western disease, you just said it very well is called, I'll be happy when, when I get the money and status. No, it doesn't work for two reasons. One, your achievement is impacted by many variables you may not control. And two, what happens after achieve? How old people you're talking to, they've achieved a ton already. Yes. If a chief will make you happy, they'd already be happy. See, happiness and achievement are independent variables. Achieve to achieve and be happy to be happy. Achieve to achieve and be happy to be happy. Well, let me take you right now. I'm gonna make a guess. One, you have a higher purpose. Two, you're achieving something. You've got lots of people listening to us right now. You're, and three, you seem to enjoy yourself. I do. I got some good news. You won. Yes. So can I tell you why Marshall? Because I think that I had some really great mentors. My sixth grade teacher called me brilliant. And he says, Timmy, I think you're brilliant. And because of that, I want you to read this book. And he gave me a book by Irving Stone on the life of Michelangelo. I was only in sixth grade. And he said, I think you're brilliant. And I just went with that. And I feel like I ride this wave and a lot of times things work out. Sometimes if things do not work out, I promise you for the most part, I'm okay. Because I just feel like what a privilege just to continue to discover. I'm in the discovery zone. I love learning, growing. I'm getting so much out of this conversation because I think that you're a rarity in my opinion because as much as you've accomplished, you are not just stacking up trophies. You are just saying, okay, Marshall, that was awesome. And I'm open to what's next. And let's go fulfill that assignment. Great way to look at life. Yeah. All right. So let's take you to two more places if you're open to it. Sure. So I want to ask you about retirement. I personally believe that life continues to give you assignments. So maybe you might retire from being a professor at UCLA or someone who teaches at Harvard or whatever. So you might retire from that. But I think that life continues to give you assignments. What's your take on this retirement idea? Well, do you know, Tim, I'm glad you brought this up because you see, I'm making an incredible sacrifice to be talking to you right now, Tim. Do you know what I've kind of been doing rather than talking to you right now? I could have been playing bad golf with old men at the country club while eating chicken sandwiches and discussing gallbladder surgery. I could have done that, Tim. But instead of playing bad golf with old men and talking about gallbladder surgery and eating chicken sandwiches, I would rather be talking to you. I love this. I love this. I love it. What am I gonna do? I gotta do something, right? I don't wanna sit around the house all day. And isn't it interesting, Marshall, that life just keeps giving you, let's use this idea of a wave because I like to watch these surfers surf. So I'm in Newport Beach area and I'll go to this area called Huntington Beach and I'll go to the pier. Big waves, I used to live in LA. Big waves. Okay, so you know. Marshall, I love your ideas on retirement that know, let's just keep getting new fresh assignments, okay? All right, let's go to what you wanna share right now because I wanna give you time to share what you wanna share. What's on your mind? Final thing for everybody. I'm gonna give everybody the best coach you can advise whoever gonna get. Are you ready? Here it comes. I want everybody to breathe. Breathe, breathing, breathing, breathing. Now I want you to imagine you're 95 years old and you're just getting ready to die. It's all over. Here comes that last breath. But right before you take the last breath, you're given a beautiful gift. Beautiful gift. The ability to go back in time and talk to the person who's listening to me right now. What advice would that 95 year old you who knows what mattered in life and what didn't, what was important and what wasn't, what advice would that wise old person have for the you that is listening to us right now? Well, whatever you're thinking now, do that. In terms of a performance appraisal, that is the only one that will ever matter. Now some friends of mine interviewed old folks who were dying to get described. What advice would you have? Three themes. Theme number one you've already discussed. Be happy now. Be happy now, not next week, not next month, not next year. Be happy now. I was just doing a session like this. I got a question from somebody. They're easy for you to say, oh man, you got lots of money. You live in a nice house with met famous people, blah, blah, blah. I said, how old are you? This person said I'm about 46. I said, I'm 76. You got something I don't have called 30 years. Yeah, don't get so wrapped up when you don't have you missed the 30 years there. 30 years is pretty important stuff. Number one, be happy now. And don't get into that, I'll be happy when non-sense. Number two is friends and family. Never get so busy climbing that ladder of success. You forget the people who love you. And then number three, if you got a dream, go for it. If you don't go for it when you're 45, you may not when you're 85. Business is advised so much different. Number one, life is short, have fun. If you don't enjoy what you're doing, maybe you can't leave this week, but go back to school, do anything, get out. Get out of there. So good. Get out. If you can't love what you do, life is too short. Number two is do whatever you can do to help people. The main reason to help people is nothing to do with money or status or getting ahead. The main reason to help people is very simple. The 95 year old, you will be proud of it because you did and disappointed if you don't. And if you don't believe that's true, you interview any CEO who has retired. I've interviewed many. I asked, what are you proud of? They never told me how big their office was. Never told me how much money they made. They only talk about the people they help. And the final advice to go for it, try it. You may fail. What the heck? Life is short. Life is short. You know, and we seldom regret the risk we take and fail. We regret the risk we fail to take. That's it. Well, that was amazing. Seriously. That's speaking to my spirit in such a beautiful way. I love your take on life. I look forward to seeing you in person in Nashville. And I look forward to having a relationship with you. I really, really like the way you think. So Marshall, tell us what is available to us right now. So let me give you a variety of places to go. And by the way, when I say give it away, there's no trick. It's not like you go to the AI say, well, yeah, but if you pay this extra money, you know, go through the magic door. There's no magic doors here. This is all actually free. So number one, go to Marshall Goldsmith AI and it's gonna get better and better. Number two, go to MarshallGoldsmith.com. It's got videos, it's got courses, it's got all kinds of stuff for me. Go to YouTube. I give everything, sign up for me, a follower on LinkedIn, social media, I give stuff away there. So I pretty much give away everything I know as best I can. Incredible, I'm telling you. I look forward to doing some things with you. So my last thing I wanna say is I have a program. It's a movement that my friend, David Michael and I, we created called Lead With Love. And holy, shmoly, waka, moly, it's working. Because I think the world needs love. So I've been asking all my guests that have been on this podcast, what does leading with love mean to you? And I'm looking for just a short answer. So what is leading with love? What does that mean to MarshallGoldsmith? Love what you do, love your mission, and love the people you lead. Amazing answer. Ladies and gentlemen, what a guest, MarshallGoldsmith, what a mind, but what a heart. And the way he thinks, outside the box, pioneer, world shaker, thinker, I want you to follow him. We'll put all his information on the screen so you could really see what he's doing. And also, if you have a company that you need him to come in and help with that company, reach out to him. I know he's busy, but see if he can do it. But he's the best of the best. And it's a privilege to have had him on today. For all of you that continue to be part of what I'm doing, this miracle mentality movement, thank you. We're changing people's lives one person at a time. So make sure to continue to like, subscribe. But also on this one, I want you to comment a lot. There were so many amazing nuggets that he dropped. Tell me what you thought about the nuggets. Tell me about the takeaways when we talked about the ego, the pivot, all these things that he talked about, really being fully present, fully feeling, fully alive. Make sure and comment and continue to tell a friend. And as I say many times, you may not be what you want to be, but thank God you're not what you used to be. Don't you dare put yourself down. We're all growing people. We'll see you next time. Life is good. Thank you for sharing space with me on this episode of Miracle Mentality with Tim Story. If today sparked your courage or helped you understand why you're created for success, I invite you to carry that Miracle Mentality forward. Visit me at timstory.com. That story with an EY on the end. Until next time, walk by faith, embrace possibility and create your own comeback story.