Nicknamed “the Wolf of Wall Street,” Jordan Belfort is a distinguished American stockbroker, motivational speaker, and author. He was born on July 9, 1962, in New York City and grew up in a Jewish middle-class family.
He began doing business while in high school. He and his close childhood friend Elliot Loewenstern sold Italian ice at the local beach. They made $20,000.
After high school, Belfort joined American University and graduated with a degree in biology. Thereafter, Belfort took some of the money they earned with Loewenstern to go to dental school.
He enrolled at the University Of Maryland School Of Dentistry. However, he left after the first day. The dean had busted his bubble and told him “The golden age of dentistry is over. If you’re here simply because you’re looking to make a lot of money, you’re in the wrong place.”
Early ventures: Belfort became a door-to-door meat salesman on Long Island. He maintains the business was initially a success. Unfortunately, the business failed and he filed for bankruptcy.
Thereafter, a family friend helped him find a job as a trainee stockbroker at L.F. Rothschild. He was laid off after that firm experienced money problems related to the Black Monday stock market crash of 1987.
He went on and created his investment firm called ‘Stratton Oakmont’. However, he engaged in unethical behavior to make his firm profitable.
So, how did he do it? He made his brokers rope in innocent customers and used the infamous ‘pump and dump’ technique on them. The scam made customers buy shares of duped companies.
During this time, Belfort developed a lifestyle of opulence. Sadly, he also quickly became addicted to methaqualone, a sedative.
Eventually, Stratton Oakmont came under the watch of the National Association of Securities Dealers (now the Financial Industry Regulatory Authority) from 1989 onward.
In 1999, Belfort was then charged for securities fraud and money laundering. He was found guilty and give a 4-year sentence. However, he served only 22 months and entered a plea deal with the FBI.
While in prison, Belfort shared a cell with Tommy Chong. Chong encouraged him to pen down his story. Belfort wrote the book and named it The Wolf of Wall Street.
Later the book was turned into a movie adaptation, in which Leonardo di Caprio played him.
When the wolf went to prison he was put in solitary confinement for a week. After the week, he was placed in a low-security work camp. There he had access to a tennis court, a library and plenty of physical activities to keep him busy.
It is here that he worked out and tried to redeem himself.
These days Belfort is working out and is looking shredded. However, he is yet to release the Wolf pack fitness routine.
In his heydays, “The Wolf of Wall Street,” was obsessed with keeping his shape. He would spray Windex on food in his fridge so he wouldn’t be tempted to eat it. And when served a bowl of pasta, he’d suck out the tomato sauce and leave the macaroni. He lived on Gatorade.
Nevertheless, after turning a leaf, not much is known about his diet. But most likely he is eating healthy.
Belfort is a believer in never giving up. He says “If you want to be rich, never give up. People tend to give up. If you have persistence, you will come out ahead of most people. More importantly, you will learn. When you do something, you might fail. But that’s not because you’re a failure. It’s because you have not learned enough. Do it differently each time. One day, you will do it right. Failure is your friend.”
This distinguished stockbroker believes the story you tell yourself is key. He says, ‘The story that you tell yourself is exactly what holds you back from being successful.’
Jordan says ‘I want you to back yourself into a corner. Give yourself no choice but to succeed. Let the consequences of failure become so dire and so unthinkable that you’ll have no choice but to do whatever it takes to succeed.’
The Wolf of Wall Street say if you are to be a high-net-worth individual,
“Act as if! Act as if you’re a wealthy man, rich already, and then you’ll surely become rich. Act as if you have unmatched confidence and then people will surely have confidence in you. Act as if you have unmatched experience and then people will follow your advice. And act as if you are already a tremendous success, and as sure as I stand here today – you will become successful.”
The law of attraction!
This ex-convict believes there is a common thread in everything. He says, ‘There are always patterns in everything, there are patterns in books, there are patterns in human behavior, there are patterns in success, and there are patterns for everything in life. You just need to pay attention to them.’
How can you maintain your lifestyle like Jordan Belfort?
He may have been “The Wolf of Wall Street,” but Jordan Belfort has lived to tell. His hedonistic past is not something anyone would want to pick up. Notwithstanding, he has great gems one can adopt.
For starters, his wisdom of acting rich to attract riches is gold. It falls under the law of attraction. The universe serves you what you put out.
Additionally, tell yourself the right story. What is your story? Belfort says you need to get your story straight if you are to be successful.
Furthermore, he insists on persistence to be successful. Like the man, keep at it, in due time you will be winning.
Eating and working out like Belfort may be outlandish. Seek healthy habits that will keep you going.