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Your savings are not there to make you wealthy, they re there to protect you against an emergency.
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You take your income, you subtract your expenses, and that equals your investments plus your savings.
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So if you want to become wealthy, it ultimately comes down to this.
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Welcome to the school of greatness.
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My name is Lewis Howes, a former pro athlete turned lifestyle entrepreneur.
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And each week we bring you an inspiring person or message to help you discover how to unlock your inner greatness.
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Thanks for spending some time with me today.
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Now let the class begin.
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Welcome to this special masterclass.
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We brought some of the top experts in the world to help you unlock the power of your life through this specific theme today.
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It s going to be powerful, so let s go ahead and dive in.
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We talked about how to save your money.
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We talked about how to invest your money.
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We talked about how to manage your expenses.
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But now let s talk about the income.
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Because if now you understand how to live below your means, you understand how to put your money to work, if you want to put fuel on the fire, you just got to earn more money.
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Now if you earn $100,000, you earn a million dollars, you earn whatever, you earn more money.
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now you know how to put this money through your system through your funnel whether 75 15 10 or whatever else you know how to take this extra money put it to work that way you have more money to invest more money to save more money to live your life but the key is you don t want to 100% increase your lifestyle to match your income you want to increase
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your income with your investments.
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And keep expenses the same.
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Ideally.
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Now you can, you know, marginally increase your expenses, but the key is you want to be increasing your income and your investments way more.
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Yes.
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So the question is, how do you do that?
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Well, this is where, again, understand you.
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If you are an employee, you don t want to start a business, you don t want to start a side hustle, fine.
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Nothing wrong with that.
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There s nothing wrong with being an employee.
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You just have to understand you.
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But that means now, how can you earn more money?
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If you like your job, look for ways to get a raise, to get a promotion.
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See how you get a bonus.
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Just be open with your boss.
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Say, hey, look, I want to be able to contribute more.
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I want to earn more money.
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What can I do?
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Most people are going to be very open and honest.
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Say, hey, I would like you to tack on this, this, and this.
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Do this, and then we will help raise your salary.
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Maybe if you don t like your job, you go and get a certificate.
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You go and do something else.
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You need to figure out now how you can earn your increase income.
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What value can you bring to the business to bring in more money for the business or save more time or create some system so that the business can say, okay, cool, let s give you more opportunities for growth.
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Exactly.
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I mean, if you can bring in an extra $10,000 a year to the business of profit,
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they re not going to have a problem paying you $5,000 or whatever it might be, right?
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And this is where you just want to be open because every business is different.
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Maybe take on a second job and, you know, it s just figuring out how can you earn more money there.
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Now, if you say, well, I want to do something outside of my job, fine.
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Well, the first thing you can do is start a side hustle.
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So much more accessible now than ever before.
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I mean, you can go onto the internet, become a virtual assistant, you can become a copywriter, you can become a designer, you can become a video editor.
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I have paid, so Upwork, they re not paying me.
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Upwork is a platform that I use to hire freelancers.
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And I did a video on this, so I looked this up.
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In the last two years or three years, I have spent more than a quarter million dollars on Upwork alone.
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Wow, on different individuals.
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Different individuals, just hiring people in different areas who don t work for me.
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They work on their own schedule because now this freelancing business has grown so much.
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And so there s a lot of opportunity there where now you can, if you can present a service, you can make money doing that.
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Yeah, they might be working an extra 5, 10, 20 hours a week on the side or they might just be full-time freelancers.
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Yeah, and you get to set your hours for the most part.
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You can really do something that you like, that you enjoy, that you re good at.
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So there s a lot of opportunity there where now you can be a freelancer or start your own side hustle if you have an idea.
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One of my buddies,
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His mom is really good at making cakes.
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And she started this, what is it called, carrot cake business.
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They re making a good, I don t know how much, maybe I think it s like $700 or $1,000 a month selling carrot cakes from Instagram.
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He markets on Instagram.
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People say, hey, can you make me a cake?
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His mom makes the cake and he delivers it.
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Sure, sure.
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It s just the number of opportunities now, of course, as an attorney, I should say there are liabilities in selling food.
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get insurance and all that but this is where there are so many opportunities right just being a hustler just getting yourself out there figuring it out and there s an unlimited amount of possibilities and opportunities out there now if you want to take it one step further you could try to build your own business your side hustle can turn into your own business if you have a business idea invest in it
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First, invest in your mind, invest in your education, and then try to do it.
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You want to invest as little money as possible until you start generating revenue.
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Again, mindset versus toolset.
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We assume that we need all these tools to start doing it, but the reality is the first thing you need is your mind because there s a lot of alternatives on how you can do it.
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When I started, I started a sock company a number of years ago when I was trying to figure things out, and it was a water-resistant sock.
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interesting thing was i knew nothing about socks how do you manufacture socks how do you make them waterproof and so i was working with textile engineers i was working with manufacturing companies i was working with a lot of different people
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I didn t have a lot of money.
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And now we re talking about a real product.
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So I learned to talk.
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And essentially, I think my total cost to build my first round of socks was $3,500.
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Still a lot of money, but relative to what if you want to manufacture products,
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and create a product to go through the prototype after prototype to prototype, it costs typically $100,000 plus.
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I did it for under four grand because I was able to talk to them, I used to talk about the potential, and I worked with them to build out these special deals where, hey, work with me here and I ll work with you.
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Exactly.
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And we were able to get it going.
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So it s the ability to hustle, being willing to find a way, and that s that mindset that
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Sometimes too much money can be a disease Especially if you want a side hustler or a business because now you just start spending money and I ve been a victim of that too.
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I I ll just give examples like the minority mindset blog
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I didn t know how to build a blog, and my time was so eaten up with things like market briefs, talking about building this tax business, although that s much newer, but building my companies, building my YouTube channel, doing all these other things, investing in real estate, that I didn t really care about building a blog.
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Like, I cared about it, but I didn t have the brain capacity and the time to sit here and come up with a strategy to do it.
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So I outsourced it.
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I hired some of literally the top
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blog managers in the world.
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And they charged me a lot of money, like as in six figures plus.
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$100,000 plus to manage the blog.
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And they promised all this stuff.
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I was like, fine, do it.
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So $100,000 for the blog manager, at least another $100,000 on blog content over the course of 12 months.
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And guess what?
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No results.
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Zero.
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Nothing.
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The worst.
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What did I do?
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Too much money problem.
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I just, I said, I don t got the time.
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Just going to throw money at it.
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Hopefully that will fix the problem because if you can get the top blog manager, you can hire people to write.
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It s easy, right?
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Well, after those 12 months, the contract was over, fired them.
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And this is where I was like, all right, you know what?
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Let me figure this out because I do want to build a blog.
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And so we built a brand new strategy.
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It costs us,
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a fraction, like a teeny tiny fraction of what we were paying before.
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Our blog is growing, we re generating revenue now.
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I mean, it s a complete turnaround, but it s that mindset versus toolset.
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And these are real stories, real things that I have gone through.
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So you need to know now how do you multiply your income and understand that you don t need thousands of dollars.
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My first business I started with nothing, essentially, when I started my bed planning company.
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I started Minority Mindset with under a few hundred dollars.
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I was making videos off my cell phone.
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You just need some hustle, some creativity, some action, some consistency, some relationships, some communication, and just making stuff happen.
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a hustle man and that s why I always say keep hustling at the end of my videos because the hustle mentality is so crucial and you can t teach that you can t read that in books you have to actually live it yes and so this is right now if you want to really do that you have to understand the hustle mentality and this brings me now to the be great aspect last part now like you re speaking my language exactly right exactly greatness
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So you ve built the base, you re putting some money to work, you re leading your money, you are either paying off your home or you re understanding how to use your extra cash the right way, you re increasing income that way you can build your wealth even faster.
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Now it s all about being great and there s two aspects to this.
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The first aspect that I want to talk about is protecting yourself because the reality is when people realize that you have money, they re going to try to take their hand, put it in your pocket and keep some for themselves.
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You know what I heard, to pause on you there,
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I remember hearing Oprah talk about this one time.
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Years ago I heard her on some podcast or somewhere she said something like, as she started to rise to fame with her talk show and started to make a lot more money.
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What do you think happened?
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Everyone s reaching out with a handout, right?
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Oh, you ve got money now.
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Can you help me with $1,000 here?
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Can you help me with this?
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Well, you ve made the money.
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Can you help me?
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She said, I m paraphrasing this, but after like, I don t know, a decade of this or something, it just felt like everyone was using her as opposed to just being in a relationship with her and having an actual friendship or relationship.
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And she said that she decided after a period of time, she was tired of just giving, giving, giving, giving to people who had a handout.
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And so she said, I m gonna do a big dinner, and I m gonna invite everyone.
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Friends, family, everyone, you know, third cousins, you know, twice removed, everyone who s been asked for a handout, I m gonna invite them all.
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And she said, like, she gave out
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She had this massive dinner for everyone, like all of the, everything you could eat, and she started giving out envelopes and gifts and cars and cash and just like, she gave out gifts based on what she wanted to give to each person.
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Everyone got something.
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And she said, she gave a speech at the end and said, this is all I m gonna give you, don t ask for anything else after this.
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And she said, still, people were complaining, oh, you gave this person 10 grand, I only got 5,000, it s like,
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You gotta learn to protect yourself mentally, psychologically, financially, because you could just be giving and giving and giving and it can never end.
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Right?
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100%.
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So how do you do this?
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That s the huge relationship aspect.
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I m gonna take it one step a little bit deeper on the legal side because
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You re you re absolutely right.
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You know, I struggle with that relationship side as well because I m not saying don t be generous Yeah, but also it s like when you feel like you re being taken advantage of that it becomes challenging so my family s from a state in India called Punjab and What happens a lot of people is you come here to America or to you know, somewhere like Canada my family came to America and
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and your family s in India, and they think, oh my God, you re wealthy in America, so you re working your butt off here while sending money back to India.
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So, you know, my parents did this, my dad did this a lot, where, especially when we were young, he wasn t making a lot of money, but he was always sending money back to his siblings or people just to help take care of them, because that s our culture, to help take care of people.
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And it becomes difficult because, you know, it s that, at least for me, that cultural aspect of giving, which I like,
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Taking care of family, but then also not making them reliant on you because now once you start giving then this thing I don t need to step up.
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Yeah, and so it s a very tough balance and I don t have a good answer for you here because
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I do like taking care of people.
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I like helping people, especially within my family.
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I wanna make sure I can take care of everyone.
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That s why I work hard, because I wanna make sure that I can give you, and so when I, because I have given money to people around me, my family and my friends.
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The way that I look at it is I don t want that money back.
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I know when I give you money, I m never gonna ask for it back, and I don t want it back.
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If you give it back to me, maybe I ll take it, but I m never gonna ask for it back, and I will give based off of what I can,
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But I know that s money, in my mind, I m never getting back.
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And I have to be okay with that for myself.
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And if I m okay with that, that s fine.
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And I think that s one of those things where I don t want to mess up the relationship, right?
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With my family, that s more important to me.
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And so look, if I m okay giving you $1,000, here s $1,000, never talk to me about it again.
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And really, that s it.
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And if I see you blow that money in dumb ways, guess what?
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When you ask me for another grand, you re not getting it.
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You know, it s as simple as that.
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I m going to forget about it.
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I don t like arguing over money.
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I think that s very dirty and evil.
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So, you know, I am generous in that sense, but, you know, I m also very straightforward where if I feel like, hey, I m not going to give it to you, I m not going to do it.
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But I also don t sit here and ask for it back.
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But you re talking about protecting yourself legally.
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Legally.
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which means now having the right advisors accountants and insurance to protect you and so when you start earning money people are going to try to reach into your pockets and get it also legally i had a tenant
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in one of my properties, Sumo Real Estate Company, because they said that the bathtub got too slippery when the water was on.
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And because it was so slippery when the water was on, it caused them to slip and fall, which then... It s a bathtub.
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It s a bathtub with water.
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And because of that, they wanted damages for injuries.
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But you just have to defend yourself even if it s not...
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Your problem.
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And so this is where how do you protect yourself?
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So I had a couple things.
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One, I had an LLC.
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Second, I had insurance.
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And third, I had a property management company.
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Property management company.
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And so I ll go through the different layers so you can see all the different levels of insurance and how they worked.
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Because now, the first thing that happens is my property management company documented everything.
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Because prior to them slipping, they made a complaint that there was about a quarter inch by quarter inch chip in the bathtub.
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And they said, oh, there s a little paint chip.
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We want to get this fixed.
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So my contractor goes out there.
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He says, OK, yeah, we can fix this.
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And my contractor said, you know, the tenants here are kind of old.
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Let s install them a handicap pool just to be nice.
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We weren t required to do this.
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We were fully licensed by the city, but my contractor offered to do this.
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So now they go back to do the work.
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The tenants say, we don t want you to do it.
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We re tired.
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He goes back to do it again.
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They said, we don t want you to do it.
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The tenant slipped and fell at a barbecue.
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They go back and say, no, he s still injured from the barbecue.
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So we have notes of all this.
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Sure.
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And then they go and say that they slipped and fell in the bathtub.
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We have records of all this where they said they slipped and fell at a barbecue.
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And now they re saying they slipped and fell at a bathtub.
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Why are they doing that?
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Well, maybe they can try to get some money out of the quote unquote rich landlord.
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I was a very young kid at this time.
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I was still in college.
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trying to dig into those pockets thinking that, oh, if he s a real estate investor, he must have a lot of money.
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And so they use one of those free...
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attorneys to go after my insurance so now i have insurance so now my insurance company gives me an attorney to protect me through this process and the judge laughed at the case even the attorney laughed at the case he was like look man this is just they re just trying to grab money there s nothing here it s a frivolous lawsuit so we just have to do it and the insurance company wants to settle because it s cheaper to settle than to pay 350 to 400 an hour to the attorney to fight it and actually win the case
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And so that s where the insurance came in and protected me.
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They fought me for me and defended me and then paid out the settlement.
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Now, if it had escalated further, that s where the LLC protects me, which is where you want to have a good attorney there to recommend what s best for you.
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Because that LLC then kind of creates a shield where you can only take what the LLC owns and you can t go after my personal assets.
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So if the LLC only owns that property,
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You can t go after anything that I own because the LLC is what owns the real estate.
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So you want to make sure you protect yourself there.
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So this is where having those right shields to protect you are so important because especially in America, we are the most litigious country in the world and you want to make sure you protect yourself against that.
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And there s a funny saying in real estate that if you haven t been sued as a real estate investor, you haven t been in business long enough.
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So it s just one of those things where you want to protect yourself.
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I think people gotta also understand this is a full contact sport.
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You know, learning how to follow these six steps that you ve laid out, which I think are great, but learning how to be an investor, it doesn t come easy for everyone right away.
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You re gonna make some mistakes, there s gonna be some challenges to face, and the longer you re in it,
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You just have to deal with stuff that s not fun, right?
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This is something you have to deal with.
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There s probably months of a back and forth thing and there s some stress, there s some worry, there s conversation.
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It s time, it s energy with insurance, with lawyers just to deal with something that even isn t your fault.
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100%.
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And you know, this is one of the realities of being an investor and entrepreneur where, you know, understanding the aspects and there are going to be some things that are not fun.
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Like I talked about in our previous podcast, the tax issue.
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Oh, no.
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It was where my accountant calls me up saying that, hey, Jaspreet, this is nine in the morning.
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You owe $100,000 by the end of the day.
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Sucks.
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Send it into the IRS.
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That sucks.
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And now I have to go figure out how to do this, send it in.
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And then he tells me that I also have to pay a penalty on this because he did something wrong.
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So it s one of those things that s not fun.
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It s a problem.
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But then as entrepreneurs, how do you find the opportunity?
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Well, first I fired the accountant.
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I go on the hunt for a new accountant, a new tax advisor.
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I start working with this new tax advisor and I see the difference between a bad accountant and a good accountant.
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I started learning, wow, you re telling me that every month we can meet and you can advise me on what I can do with my money that way I can legally limit my tax liability and you re going to do all this work in advance and I don t have to worry about this ever?
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I love that.
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Now, with my entrepreneurial brain, I m like, let s start working together because there s so many small businesses that need this.
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It is a real problem because there s a
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a lot of bad accountants out there and we need more good accountants.
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We need more good tax advisors who s going to help people, especially in this new age where we have more IRS agents joining the workforce.
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We have a lot of things changing.
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We re probably going to see a change in tax laws.
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So you want to make sure that you re taking care of yourself.
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So this is one of the things that I m working on with him is to fix that.
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We don t have a website or anything.
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So if you want to learn more, shoot me a DM on Instagram at Minority Mindset or email me at team at the minority mindset.com.
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But this is just one of those things where you want to make sure you have the right resources there to first be great to protect yourself for your family.
2
SPEAKER_01
And I m going to take that one step further, because as an attorney, you also want to make sure you have the right estate planning in place, because this is one of those things that is really not fun, but so crucial.
2
SPEAKER_01
If you build any sort of wealth, you want to tell the world.
2
SPEAKER_01
And when I die, where is it going to go?
2
SPEAKER_01
Because if you don t, your family is going to fight over it.
2
SPEAKER_01
And it s not fun because no one wants to think about what happens after I die.
2
SPEAKER_01
But it is so, so, so important because when you die, you don t want your family fighting at your funeral.
2
SPEAKER_01
And so create a will, create a trust, have an estate planning attorney that can help guide you there.
2
SPEAKER_01
because you never want to have to worry about that.
2
SPEAKER_01
And the second aspect of being great is being great for the world, where the more you have, the more you can do.
2
SPEAKER_01
You can give back more.
2
SPEAKER_01
You can do more things, whether it s your money, whether it s your time, whether it s your education, because when you can light a candle, well, you can light one candle, but that one candle can also light a million other candles.
2
SPEAKER_01
And this is where now, as you re on this journey to build wealth, you have lit your own candle.
2
SPEAKER_01
now you can help light someone else you can help give someone a helping hand whether you help someone financially whether you help them with your time whether you help them through your expertise because now you ve learned the process because information is meant to be shared i talk about this stuff on youtube not because i wanted to get rich
2
SPEAKER_01
but because I was so frustrated by the system.
2
SPEAKER_01
I never knew that I could even make money on YouTube.
2
SPEAKER_01
I started making videos without even turning advertisements on.
2
SPEAKER_01
I didn t know that you could do that until someone showed me, hey, you can make money from these videos.
2
SPEAKER_01
And so it s the whole idea of helping to spread because like we ve talked about in this video, this podcast,
2
SPEAKER_01
There s so much misinformation out there.
2
SPEAKER_01
There s so much lack of information out there.
2
SPEAKER_01
And financially, if you don t understand money,
2
SPEAKER_01
If you don t have money, it can ruin so many other aspects of your life.
2
SPEAKER_01
Because if you don t have money, if you re stressing about money, now you can t take your spouse on the vacation that they want.
2
SPEAKER_01
You can t pay for your kid s education.
2
SPEAKER_01
You can t fund your retirement.
2
SPEAKER_01
You can t buy that gift that you want.
2
SPEAKER_01
You can t do anything.
2
SPEAKER_01
And now you re stressing.
2
SPEAKER_01
It makes your mental health worse.
2
SPEAKER_01
It can put you into depression.
2
SPEAKER_01
It can make you start eating bad.
2
SPEAKER_01
It can make your physical health worse.
2
SPEAKER_01
It can make you feel so unfulfilled.
2
SPEAKER_01
It can make you feel so spiritually beat.
2
SPEAKER_01
So, this is where understanding, hey, more money isn t going to fix every aspect of your life.
2
SPEAKER_01
But if you don t have money, it can impact every aspect of your life.
2
SPEAKER_02
What do you think are the key things that abundant mindset people around money do differently than scarcity mindset people around money?
2
SPEAKER_02
If you had to say three or five kind of key things.
2
SPEAKER_00
Appreciate it as you said that that is a biggie.
2
SPEAKER_00
They appreciate it and they speak about it as They love it.
2
SPEAKER_00
They re not weird about it They re also generous with it because when you pinch yourself off from giving you that is sort of a subconscious way of saying There s not enough to go around and it s not gonna be I m not in the flow.
2
SPEAKER_00
So when you don t give generously It s because you re scared that it s not going to come in anymore.
2
SPEAKER_00
I
2
SPEAKER_00
They take risks.
2
SPEAKER_00
You know, you gotta take risks.
2
SPEAKER_00
You are where you are because you ve been doing what you ve been doing.
2
SPEAKER_00
So if you wanna change your life, you ve gotta do stuff you ve never done.
2
SPEAKER_00
What else?
2
SPEAKER_00
Wealthy people.
2
SPEAKER_00
They learn about money.
2
SPEAKER_00
Like, you focus on money.
2
SPEAKER_00
Like, that was such a big thing for me, too.
2
SPEAKER_00
Like, when I was broke, I never wanted to think about money, right?
2
SPEAKER_00
I was all about writing songs and, you know, doing much, you know, more noble things.
2
SPEAKER_02
Sure, sure.
2
SPEAKER_00
But then, but when you re broke,
2
SPEAKER_00
All you think about is money.
2
SPEAKER_00
I don t really think about money that much now that I have it, but every single decision you make when you re broke is about how much... Well, I have enough to pay for this.
2
SPEAKER_00
Exactly.
2
SPEAKER_02
Can I afford it?
2
SPEAKER_02
What happens if I don t have it?
2
SPEAKER_00
Right.
2
SPEAKER_00
You wake up first thing in the morning in a panic because you got to pay your bills.
2
SPEAKER_00
So, you re always thinking about money.
2
SPEAKER_00
So, it is really just sort of getting in the flow with that and just being on good terms with it and focusing on it.
2
SPEAKER_00
And, you know, how are you going to make it?
2
SPEAKER_00
Like being realistic about your income streams and, you know, and if you want to make it, you ve got to coax it in, you know, give it.
2
SPEAKER_00
Yeah.
2
SPEAKER_02
I m curious about this.
2
SPEAKER_02
Okay.
2
SPEAKER_02
You, you re a starving artist.
2
SPEAKER_02
You wanted to do noble things, which about art and making art and all these different things.
2
SPEAKER_02
What would have happened if someone would have said, Jen, you know what?
2
SPEAKER_02
I love that you re an artist.
2
SPEAKER_02
I love that you have this, you know, passion for art and you want to keep doing this.
2
SPEAKER_02
And this is where you ve been for 40 years and we don t want you to change.
2
SPEAKER_02
Here s a hundred grand a year for the rest of your life.
2
SPEAKER_02
Don t worry about money up to a hundred grand.
2
SPEAKER_02
What would that have done to you if someone would have given you a hundred grand a year?
2
SPEAKER_02
And you would have just been like, okay, I m going to write and do whatever I want.
2
SPEAKER_02
And how do you think it would have been mentally, emotionally, spiritually, versus you having to risk emotionally, mentally, you getting to heal, let go, overcome, challenge yourself into asking for money, into becoming something greater than that limiting belief.
2
SPEAKER_02
Where do you think you d be now?
2
SPEAKER_00
probably would have spent it on beer, honestly, back in those days.
2
SPEAKER_00
Yeah.
2
SPEAKER_00
Yeah.
2
SPEAKER_00
I mean, I wasn t, you re absolutely right.
2
SPEAKER_00
It s an, it s an, it s a frequency, you know, it s like, it s like, uh, I don t know.
2
SPEAKER_00
I mean, I always, I always had
2
SPEAKER_00
I guess I m going to say gall, that s not the right word, but I did do a lot of stuff that was pretty edgy and I pushed the envelope a lot.
2
SPEAKER_00
So I may have gotten there, but I don t think it would have been as exciting as it was to do it myself.
2
SPEAKER_00
There really is, you do grow and they say, you know, starting your own business is the best personal development course you can possibly take because all your stuff comes up, right?
2
SPEAKER_00
All of it.
2
SPEAKER_02
Relationship training, it s leadership training, it s inner child training, everything.
2
SPEAKER_00
Everything, totally.
2
SPEAKER_02
Every button is pushed.
2
SPEAKER_00
Totally.
2
SPEAKER_00
So it wouldn t have been as satisfying, I don t think.
2
SPEAKER_00
I think I still would have done it though, because that is kind of my personality.
2
SPEAKER_00
When I m ready to change, I m ready to change and I do it.
2
SPEAKER_00
But I think it wouldn t have been as glorious.
2
SPEAKER_00
And I probably wouldn t have written You Are a Bat.
2
SPEAKER_00
totally changed my entire life, so.
2
SPEAKER_02
It changed yours, but it also changed other people s lives.
2
SPEAKER_02
Yes.
2
SPEAKER_02
So it s who you become, the lessons you learn, the wisdom you have.
2
SPEAKER_02
Yes.
2
SPEAKER_02
To then be able to be of service and teach.
2
SPEAKER_02
Yeah.
2
SPEAKER_02
From your own experience.
2
SPEAKER_00
Exactly.
2
SPEAKER_00
Yeah, the book about me getting a hundred grand a year, just for being, would not be that interesting to people.
2
SPEAKER_00
Right?
2
SPEAKER_00
Yeah.
2
SPEAKER_00
Right.
2
SPEAKER_00
That s interesting.
2
SPEAKER_00
Yeah.
2
SPEAKER_02
What has been the biggest lesson in the last 10 years?
2
SPEAKER_02
Because that was 10 years ago when you wrote, you were on that, right?
2
SPEAKER_02
and you ve written two or three books since then, I believe.
2
SPEAKER_02
What has been the biggest lesson, three books since then?
2
SPEAKER_02
What has been the biggest lesson in 10 years since you were a bad- to now, personally?
2
SPEAKER_02
Physically and financially.
2
SPEAKER_00
Oh, man.
2
SPEAKER_00
Let me think.
2
SPEAKER_02
Okay, the biggest lessons since I wrote you are that... Because when you get more money, more impact, more celebrity fame in an industry, people change around you.
2
SPEAKER_02
Some people don t, some people do.
2
SPEAKER_02
You get to make different choices with your health, in positive or negative.
2
SPEAKER_02
You have more abundance to do bad things or good things.
2
SPEAKER_02
And you get to see how you show up emotionally, spiritually as well.
2
SPEAKER_00
Yeah, that s such an interesting question.
2
SPEAKER_00
I definitely feel like, since it came out and has had the success, that I ve gotten better and better at really
2
SPEAKER_00
This sounds cold, but not caring what other people think about me, that is something that I m really dedicated to right now, where it s the one-star reviews and the five-star reviews.
2
SPEAKER_00
Believe me, I m so grateful anybody reads the book, but the five-star reviews are the real dangerous ones, right?
2
SPEAKER_00
Where you re just like, I m so cool.
2
SPEAKER_00
People think I m funny and smart.
2
SPEAKER_00
You know, really getting good inside, like just being like, it doesn t matter as long as I think it s good and I think it s funny and I think it s helpful.
2
SPEAKER_00
That s it.
2
SPEAKER_00
And so that has been really important to me because it is weird.
2
SPEAKER_00
I mean, I m sure you too, like people know who you are and it s like.
2
SPEAKER_00
It s a little uncomfortable sometimes.
2
SPEAKER_00
I mean, it s great too.
2
SPEAKER_00
Like, I love meeting my readers, but it s just like, I can t get too wrapped up in their opinion of me because it s about my opinion of me.
2
SPEAKER_00
So that s been a really big one.
2
SPEAKER_02
So not letting the opinions of others be the opinions of you about you.
2
SPEAKER_02
Right.
2
SPEAKER_02
Yeah.
2
SPEAKER_00
Interesting.
2
SPEAKER_02
The high hype and the low low.
2
SPEAKER_00
Yeah, definitely.
2
SPEAKER_00
Because you hear a lot about the low lows, like don t focus on the
3
SPEAKER_00
criticism, but you really got to watch it with the five-star stuff, too.
3
SPEAKER_00
That s interesting.
3
SPEAKER_00
Yeah.
3
SPEAKER_00
Because then if it goes away, you re screwed, right?
3
SPEAKER_00
You re totally screwed.
3
SPEAKER_00
I mean, that s why so many celebrities wind up in rehab, you know?
3
SPEAKER_00
Especially if you... I always think about this, too, that I m so glad, for me anyway, that it started when I was older.
3
SPEAKER_00
If I was 20 and I was getting all these accolades, I would be such an idiot.
3
SPEAKER_00
I know.
3
SPEAKER_00
Like, no way.
3
SPEAKER_00
I m so grateful for all of it, my God.
3
SPEAKER_01
Um, and that s personally, what about this lesson?
3
SPEAKER_00
Um, financially, financially, um, I guess I, I, I love giving money away.
3
SPEAKER_00
Like I didn t, I really honestly never thought I was that generous of a person, but I am.
3
SPEAKER_00
But so I m very happy to find that out about myself cause I didn t really think that I was, but also that I, um, I was just making fun of this this morning with a friend of mine that I m still kind of cheap with myself in ways.
3
SPEAKER_00
Like I m not great at like,
3
SPEAKER_00
I mean, I have a nice house, I have a nice car, I certainly spend plenty of money on myself, but I can just be, like, I m not good at being rich and, like, getting room service and, like, spending.
3
SPEAKER_00
I m just, I m still kind of, you know, the Italian immigrant s daughter who sort of pays attention.
3
SPEAKER_00
So not that that s bad.
3
SPEAKER_01
It s interesting, I have a little bit of that in me, although in the last couple of years, I ve started to learn how to take care of me, like with travel and food and convenience and saving time.
3
SPEAKER_01
Convenience.
3
SPEAKER_01
Whereas for, I don t know, the first five years of my business, I was making money, right?
3
SPEAKER_01
It s not like I didn t have money, but I was so afraid to lose it also that I was just stacking it.
3
SPEAKER_01
Every time I d travel, I would try to find, who do I know in this town that I can sleep on their couch?
3
SPEAKER_00
Isn t it funny?
3
SPEAKER_01
Because I was like, I m not going to pay $200 a night for a room.
3
SPEAKER_01
What are you talking about?
3
SPEAKER_01
Yeah.
3
SPEAKER_01
I can use that money, and I can put it somewhere else.
3
SPEAKER_01
Yeah.
3
SPEAKER_01
And I was always like, how do I just get on the cheapest bus fare?
3
SPEAKER_01
Right.
3
SPEAKER_01
How do I get the middle backseat on Southwest?
3
SPEAKER_01
How do I get the $39 flight and just sit there for six hours in the middle and just crammed, as opposed to convenience and saving time and having my health optimized and using it to do those things?
3
SPEAKER_01
but I was afraid to lose it.
3
SPEAKER_01
So I was just work, work, work to make it, but I was afraid to lose it for a while.
3
SPEAKER_00
Yeah, and also like the value, like I still, and I make myself do, but I hate paying for parking.
3
SPEAKER_00
I would rather, and we re talking like $2 at a meter.
3
SPEAKER_00
Like, I m so weird about that.
3
SPEAKER_00
I m like- You d rather roll on the block five times and try to find a place to park.
3
SPEAKER_00
Yeah, just waste gas, waste my time.
3
SPEAKER_00
Like, it s so stupid, and I crack up.
3
SPEAKER_00
But I also have this thing where like, I ll spend 60 grand to put solar on my house, but I won t spend $15 on a wooden spoon.
3
SPEAKER_01
Like I m just kind of funny catching yourself where you re well, I think there s a there s a there s a power in being mindful with your money and being I would call it frugal I guess maybe in certain ways but abundant in other ways.
3
SPEAKER_01
Yeah, right.
3
SPEAKER_01
It s like
3
SPEAKER_01
be abundant in certain ways, but don t just overspend on everything because you have the money.
3
SPEAKER_00
Yeah, I guess.
3
SPEAKER_00
I know.
3
SPEAKER_01
So mindful of certain things.
3
SPEAKER_00
Minding, you know, whatever level you re at too, you know, like when you don t have money, you also don t want to be pinched off and stingy with it.
3
SPEAKER_00
Like it really is about, this isn t just, you know, two people with money talking about it.
3
SPEAKER_00
It really is about figuring out where you re at and how to stay in that
3
SPEAKER_00
abundance mindset and in the flow and leaving an extra dollar when you tip or whatever, but just really catching yourself when you re pinching it off.
3
SPEAKER_00
Because it doesn t matter how much we re talking about, but it s that pinching off.
3
SPEAKER_00
If money is currency and currency is energy and you re pinching it off, that is not going to do well for you.
3
SPEAKER_00
Blocking it.
3
SPEAKER_01
What was the big lesson about relationships in the last 10 years?
3
SPEAKER_01
Whether it be friend, colleague, intimate relationship.
3
SPEAKER_00
Yeah, you know that people are still really uncomfortable with money.
3
SPEAKER_00
And I do feel like it s being of service to talk about it freely and openly and joyfully.
3
SPEAKER_00
And it totally turns people off all the time.
3
SPEAKER_00
And close friends, absolutely.
3
SPEAKER_00
But taking a stand and doing it anyway.
3
SPEAKER_00
And really, I kind of do have to
3
SPEAKER_00
I have to be a little careful because it can be braggy.
3
SPEAKER_00
But again, like if I lost 100 pounds and I was telling you about losing 100 pounds, people would be happy for you.
3
SPEAKER_00
This is the same kind of thing.
3
SPEAKER_00
Like it s something that really is an achievement that helps me be healthy and happy.
3
SPEAKER_00
And why shouldn t I talk about it?
3
SPEAKER_00
And the fact that you re uncomfortable with it doesn t mean I shouldn t talk about it and sink down to your level.
3
SPEAKER_00
Right?
3
SPEAKER_00
So that s been interesting.
3
SPEAKER_00
And I have lost friends over that.
3
SPEAKER_00
Absolutely.
3
SPEAKER_01
Wow.
3
SPEAKER_01
It s interesting because we ll see on social media these physical transformations of people.
3
SPEAKER_01
Here was me six months ago.
3
SPEAKER_01
Here s me now.
3
SPEAKER_01
Yeah.
3
SPEAKER_01
And you ll see a lot of people celebrating that, right?
3
SPEAKER_00
Yes.
3
SPEAKER_01
Like, congratulations.
3
SPEAKER_01
It s amazing.
3
SPEAKER_01
It s the encouragement.
3
SPEAKER_01
It s like, look what I was able to do, and I m so proud of myself.
3
SPEAKER_01
And I wish more people would do that around money, too.
3
SPEAKER_01
Look, I was $30,000 in debt, and look at my bank statement now.
3
SPEAKER_01
I m debt-free, and I ve got $1,000 in the bank.
3
SPEAKER_01
Oh, my God.
3
SPEAKER_01
You know, whatever it is.
3
SPEAKER_01
And I think Dave Ramsey celebrates that for people in his kind of community, where it s like, when they get out of debt, he brings them on the radio show, and they kind of announce it.
3
SPEAKER_01
But I don t see this on social media that much.
3
SPEAKER_00
Because that s a safe space, because everybody who s listening to his show is drinking the Kool-Aid.
3
SPEAKER_00
Talking about money.
3
SPEAKER_00
Yeah, yeah.
3
SPEAKER_00
You do it in the public space, you are going down.
3
SPEAKER_01
Yeah.
3
SPEAKER_01
Why is that?
3
SPEAKER_00
I don t really know.
3
SPEAKER_00
I don t know.
3
SPEAKER_00
I think about this too.
3
SPEAKER_00
How did that all get started?
3
SPEAKER_00
When did it become such a dirty thing?
3
SPEAKER_00
I m sure it has to do with some kind of control.
3
SPEAKER_01
Some people wanted to control something.
3
SPEAKER_01
I m curious about, if you re down to go there, about intimate relationships.
3
SPEAKER_01
How has making money impacted you intimately in relationship?
3
SPEAKER_00
I am definitely, that is my Achilles heel right now.
3
SPEAKER_00
So that, and it s been a little weird for me because being a very, I have stories around being a very successful woman and how that s not so feminine and how, yeah, there s a lot of stuff on that.
3
SPEAKER_00
So I m, that s the, that s the new frontier, which I m super psyched about.
3
SPEAKER_01
Figuring it out.
3
SPEAKER_01
Yeah.
3
SPEAKER_01
What do you feel like is the biggest
3
SPEAKER_00
struggle around that you know is it my own beliefs around it totally come on now i know all this it s all the same thing you know but that s that s a that s a deep one and it s kind of a new one you know because because i haven t been a successful woman for a long time and uh so it s it s interesting
3
SPEAKER_01
Wow.
3
SPEAKER_00
Yeah.
3
SPEAKER_01
So is this like, you know, people just are intimidated by you because you have money or what is that?
3
SPEAKER_01
That s what I think.
3
SPEAKER_00
Because men are supposed to be the providers and supposed to, you know,
3
SPEAKER_00
Yeah, be the providers and then be more successful.
3
SPEAKER_00
And I don t really even care about that, you know, but I do care about somebody being at the same level of me spiritually and sort of just, you know, just with what they re into and stuff like that.
3
SPEAKER_00
So that s really important to me.
3
SPEAKER_00
Interesting.
3
SPEAKER_00
Yeah.
3
SPEAKER_01
That might be a block for some women.
3
SPEAKER_01
If I make more money, will I be in a great intimate relationship?
3
SPEAKER_01
If I make more than my partner, right?
3
SPEAKER_00
Well, the way that it s set up, anyway, that is sort of it.
3
SPEAKER_00
So I just got to find a guy who s got really good wealth consciousness, who s as successful, who s totally out there.
3
SPEAKER_00
But it s my own story.
3
SPEAKER_00
It s always your own story.
3
SPEAKER_00
Interesting.
3
SPEAKER_01
What would you coach another woman who says the same thing?
3
SPEAKER_01
Or who s like, they ve got a successful growing business or maybe they re making a million dollars a year in their business or more.
3
SPEAKER_01
And they re like, man, I ve been struggling because I haven t found a guy who s comfortable with me making this much.
3
SPEAKER_01
They feel like they can t
3
SPEAKER_01
add as much value to the relationship.
3
SPEAKER_01
What would you say to that?
3
SPEAKER_00
Well, of course, Lewis, I have had that client because the second you have an issue, that client shows up.
3
SPEAKER_00
I don t know if you ve fought like every time because I m doing this group coaching course.
3
SPEAKER_00
And, oh yeah, like plenty of people in that group have asked me the very question.
3
SPEAKER_00
So what do you say?
3
SPEAKER_00
It s not super easy when it s...
3
SPEAKER_00
I know the answer, but am I really going to live it?
3
SPEAKER_00
Watch your thoughts.
3
SPEAKER_00
What are you believing about it?
3
SPEAKER_00
What have you decided is true about you, about your environment, about the way the world works?
3
SPEAKER_00
It s all your thoughts.
3
SPEAKER_00
If you keep harping on, it s hard, he s not out there, I m to this, I m to that, then that is the truth.
3
SPEAKER_01
That s what you ll manifest.
3
SPEAKER_00
To think what you want to think is to think the truth.
3
SPEAKER_01
That s true.
3
SPEAKER_01
It s interesting because my girlfriend, I was telling you about her a little bit before, she s extremely successful in what she does.
3
SPEAKER_01
She makes a lot of good money.
3
SPEAKER_01
And I celebrate it.
3
SPEAKER_01
I m like, awesome.
3
SPEAKER_01
For me, it feels great to have someone who s more, you know,
3
SPEAKER_01
energetically aligned or like more of an equal match even though my business does more than her business but she s making a killing right in her own way and i m excited for her yeah and it doesn t make me feel like i m not able to provide as much
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with her making good money also.
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For me, it doesn t affect that within me, but maybe 10, 15 years ago it would have.
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Maybe I would have felt insecure or not enough because I hadn t worked on my stuff enough.
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So I think it s just finding someone who s in alignment, who s a good match emotionally, spiritually, psychologically as well, who s done the work and doesn t find it intimidating.
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Exactly.
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I find it inspiring.
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I m like, wow.
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And here s the interesting thing for me, not to go off on this too much, but for me, something switched in the last like five to eight years.
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where I had this kind of morbid thought where I said, okay, if I m with a partner and I don t feel like she can be resourceful and I die, can she take care of my kids financially?
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It was kind of a morbid thought, but I was like, huh.
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And I struggled in the previous relationships that I was in thinking, would they be able to financially figure it out?
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If they didn t remarry, if they didn t find another man to support them financially, if their parents didn t fund them,
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Whatever happened, if we had kids, I died, could they financially be resourceful and do things that would make our kids proud of them?
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You know what I mean?
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And that s my partner now.
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So it s like she is financially resourceful and creative enough to generate money if she needed to.
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But I don t need her to make any more.
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You know what I mean?
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So anyway, something to think about there.
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So that s one of your blocks right now, one of your challenges.
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A temporary block, yes.
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You re releasing the block very quickly.
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SPEAKER_00
Yes, I m just airing all the laundry here, Liz.
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I love it.
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I hope when I leave this room that it all stays here.
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SPEAKER_00
Exactly.
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SPEAKER_00
Yeah.
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We ll open the window so it goes somewhere else.
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Please get a fan.
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SPEAKER_02
Yeah.
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What is the question you get asked by your readers the most that you wish they truly could hear and believe the answer to?
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Oh, so many.
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Well, the one that I said about what do you do when the people closest to you don t support you.
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Another one is, how do you keep the motivation?
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Like, you know, we go to these seminars, we read books, we listen to the podcast, and we re all raring to go, and then...
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A month later you go back in your old patterns.
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SPEAKER_02
Exactly, yeah.
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So how do you stay motivated on your vision and on your growth journey?
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Well, I call it going to the spiritual gym and you ve got to have a spiritual gym practice because you do not get to work out physically and then stop going to the gym once you re in shape.
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So just because you got in shape at the seminar or listen to the podcast or whatever, you don t get to stop doing stuff.
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And it doesn t, you know, everyone s like, oh, I m working so hard to start my business and I want another thing to do.
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SPEAKER_00
So it s like, it can be 20 minutes.
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You know, working out for 20 minutes a day can do a lot of great things.
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So it s like spiritual gym workout, meditate for 15, read a self-help book for five.
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Like, what music are you listening to?
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Who are you hanging out with?
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What makes you feel like you could flip over a car?
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Like, what are those things?
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And do them every single solitary day for 20 minutes.
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It s not that big a whoop-dee-doo.
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You know, when you think about that it s gonna change your entire life.
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you know.
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So and take it as seriously as anything else because that work will make everything else that you re taking seriously and trying to achieve so much easier.
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And you know I m giving a lot of talks right now and the and the thing that I m just so excited and I m so excited to be speaking right now too because it reminds me it s my spiritual gym right like we all need it.
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So
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But the thing about because we are spiritual creatures having a physical experience, right?
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And instead of just giving it lip service and talking, yeah, yeah, yeah, I know that.
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But think about it.
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We are the universal intelligence that created everything that is.
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We are.
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Our thoughts, our universal intelligence is stuff that created everything that is.
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Why are we not more stuck up?
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Why are we not feeling so powerful all of the time?
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If we re really going to believe it, if we re really going to go steroids on woo-woo and go there, if you thought about that all day long, about your thoughts being
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You know, when you re in alignment, not the garbage thoughts that you think, but when you get quiet and you tap into your inner yippy skippy, as I like to call it, and you re there and you re in the flow, it s like, it s so exciting.
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Right?
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What do you think happens to people that never give?
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That they just earn for themselves or they keep it in their business and they only put it back in their business, but they don t think about giving outside of the business?
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I think their growth is stunted.
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Really?
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To me, again, it falls in the same category as integrity.
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What happens to someone who cuts corners?
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You can win.
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You can prosper to a degree.
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But all the data tells us and all the life experience tells us that the people with fanatical levels of integrity
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are the ones that do the biggest stuff.
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The crooks really don t get ahead at the end of the day.
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The people that are selfish, they could get some stuff done, but the people that are selfless, they just have a tendency
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Because people trust them, that trust factor comes in, things move at the speed of trust, as they say, and all those things come into play.
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And you just don t become all you were designed to be.
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The other thing that happens with generosity is your creativity increases.
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Because you re releasing chemicals that you don t release when you re selfish.
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your productivity increases, the quality of your relationships increase.
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I was speaking at a little Baptist church in Kentucky one time, beautiful little church, and the guy, many, many years ago, and the old pastor had been there for 40 years, and I did a tithing lesson, hardcore, you know, Baptist tithing lesson, which I love.
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And the guy came up afterwards, and he goes, well, you left one thing out.
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SPEAKER_01
Sure, pastor, I mean, you ve been doing this longer than me.
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What d I leave out?
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You know, I ve been doing this 40 years.
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I ve never had a tithing couple in my church get a divorce.
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And I went, why?
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Because the tithe is magical?
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Because some people think that in Christianity, you know, because I don t think that.
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He said, no, because when you re unselfish with your money, you re unselfish with your wife.
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and you re unselfish with your husband.
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And you serve each other in the marriage if you re serving the community with your giving.
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It s the same muscle.
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And he goes, you re just easier to stay married to.
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When you re tithing, when you re giving.
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When you re giving.
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When you make giving a standard part of the rhythm of your life, you build that generosity muscle, and it affects every relationship you re in.
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That s so true.
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Particularly the key relationship in marriage.
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It changes the way you parent.
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Because if you don t give in one area, if you say, I m going to hold back my money and I m going to keep it here.
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SPEAKER_02
You re probably not going to give generously to your spouse or to your kids or to your friends or community, right?
4
SPEAKER_01
Because it s a character quality.
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SPEAKER_01
Interesting.
4
SPEAKER_01
You know, it s like the guy that says, oh, well, you know, I hate the IRS.
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I hate taxes.
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So I don t really put everything on my tax return.
4
SPEAKER_01
Hmm.
4
SPEAKER_01
OK, so you re a liar, right?
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You re a cheater.
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SPEAKER_01
Where are you going to cheat me?
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You know what?
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That s what I start thinking.
4
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I don t I m not impressed.
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I hate taxes, but I pay every stinking penny, not because I believe in taxes, and not because I m scared of the IRS, because neither one of those things are true, but it s because it says something about me.
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I gotta look at me.
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And that s an integrity issue.
4
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Every penny, every cash sale of a book on the back table goes into the accounting system and we pay freaking taxes on it.
4
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I got audited not long ago.
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I paid precisely zero in the audit.
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We were so stinking clean.
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And it s not because I m scared of those dupers, because I m really not.
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They re a pain in the butt, but I m not scared of them.
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It s a matter of
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Integrity is integrity is integrity is integrity.
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Generosity is generosity is generosity is generosity.
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These things, the stuff, these are character qualities of the successful people that I ve met.
4
SPEAKER_01
Yeah, that s beautiful.
4
SPEAKER_02
Speaking of marriage, um, it seems like money affects marriages a lot.
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I m curious what, or it could empower marriages or it could hurt marriages if not handled properly.
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SPEAKER_02
I m curious.
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If you were to give advice on a couple dating for a few years, looking to get married, what are a few questions they must have and align to about money?
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SPEAKER_02
That might be uncomfortable to have those questions, but we ll actually get you clear on, hey, are we the right match in terms of our money mindset, in terms of what we re going to do with money for the next.
4
SPEAKER_02
And maybe you have this question in the first few months of dating, you don t wait two years, but what are those questions that people should be asking before they align with someone romantically long-term?
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SPEAKER_01
Well, there s a couple things to keep in mind.
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I m talking to a young couple about this and I do often in a marriage seminar or something like that is our pre-marriage counseling session or something like that.
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SPEAKER_01
The number one cause of divorce is money fights and money problems out there.
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The stress of money and the arguments over money.
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SPEAKER_01
Okay.
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SPEAKER_01
And so if you said the number one cause of death is getting killed by a bear on the way to the mailbox.
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then you would analyze how not to get killed by a bear on the way to the mailbox, right?
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And so if you re going to get married, you should really look at the number one freaking thing.
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SPEAKER_01
Hello.
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This is the number one thing that either hurts or ends marriage.
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SPEAKER_01
Yeah.
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And the odd thing is, is it s actually circular.
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It s an infinity.
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loop because it feeds back on itself meaning that it also the quality of your marriage is a high data point indicator as to whether or not you build wealth.
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Yeah, and so very few people drag a spouse kicking and screaming into millionaire status, you know It doesn t happen by accident, you know, so I m bringing the princess with me, right?
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SPEAKER_00
Come on, baby and put you on my back and we re gonna haul you over there doesn t usually work Okay, or I m bringing the guy who s who s lazy and won t work and I m gonna outwork him and the lady says and and he s a little boy and I m gonna be his mommy and I m gonna drag him all the way in a millionaire status not working, baby, right so
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SPEAKER_00
It goes both directions, but so that that s thing one if it s the number one cause then yeah, it ought to be something really discussed So a preventative maintenance, right?
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SPEAKER_00
Yes, you know, it s a You know preventative health if the number one cause of death is obesity.
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SPEAKER_01
We probably ought to think about obesity, you know I m curious then what is what is a what s a question a woman at should ask to her man, you know within the first few months of dating about money
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where she could get a sense if he s fully honest and integrity with what he s saying and not just saying something to make her, you know, feel happy.
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SPEAKER_01
What is a question she can ask to feel like, okay, this man I m dating and courting and we re getting into this life with, I feel like I can trust him with money for the future.
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SPEAKER_00
Yeah.
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Well, money is a reflection of our values, how we handle money.
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And that s another reason that it s very important because if your values are not aligned, you re going to struggle in any relationship, but certainly in a marriage relationship.
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And so talk about the basics of money.
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Debt?
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I love debt.
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I m going to use it all the time.
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I want zero down everything.
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I m going to buy a zero down truck.
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I m going to buy a zero down stereo.
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I m going to buy a zero down couch.
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I m going to put nothing down on the house.
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And you hate debt?
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SPEAKER_00
OK, we got a problem.
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We re going to have to work through this, or we re going to have to.
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This is a deal killer.
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How about saving?
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I don t think I ll save money.
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SPEAKER_00
You can always get you something.
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SPEAKER_00
I always thought you could out earn your stupidity.
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SPEAKER_00
I tried that for years.
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It didn t work, you know.
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SPEAKER_00
So my wife, however, is a natural saver, right?
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SPEAKER_00
So when I joined her club is when we started winning, you know.
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SPEAKER_00
So bless her heart, she didn t know this going in, but I made a hard life for her the first seven years.
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SPEAKER_00
So saving and debt, how about generosity?
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SPEAKER_00
I don t believe you ought to give.
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SPEAKER_00
If you give, you end up with less.
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SPEAKER_00
It s mathematically factual, which it is actually.
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SPEAKER_00
But that short-term thinking, that s a finite game instead of an infinite game, again, using Simon s premise on his book.
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SPEAKER_00
And so, General, the things we just talked about, how about living on, are we going to live in chaos?
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Are we going to live with a plan?
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Yeah, want to live with peace or chaos?
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Are we going to live with future-minded or YOLO?
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You know, you only live once, thank God it s Friday, living for the weekend.
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SPEAKER_00
Our marriage theme song is Huey Lewis and the News, right?
5
SPEAKER_00
I mean, come on, is this us?
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And if it is, then, you know, because this, what s this tell you?
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SPEAKER_00
Anyone that lives short-term thinking, we know they re emotionally immature.
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SPEAKER_00
Yes.
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Spiritually immature.
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And so you re marrying someone or you re dating someone that s emotionally immature and they re fun.
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SPEAKER_00
They re always fun.
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But it s not fun in the long term because it brings about stress.
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SPEAKER_00
The fruit of this is nasty.
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SPEAKER_00
Now do we have to be perfectly aligned on all those things?
5
SPEAKER_00
No, we just need to understand where the other person stands and are they so far over away from us that it s a deal killer.
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SPEAKER_00
Because my wife is more of a saver than I am by nature.
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SPEAKER_00
Saving for me is an intellectual act.
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SPEAKER_00
a spiritual act of my will, it is not a natural rhythm.
5
SPEAKER_00
Okay?
5
SPEAKER_00
She naturally saves everything.
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SPEAKER_00
The leftovers in our refrigerator are grotesque.
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SPEAKER_00
I mean, it s just, I mean, you know, she saves everything.
5
SPEAKER_00
So, but, so to the extent that I can stay close to her on that, then we ve got harmony.
5
SPEAKER_00
We have both obviously with what we ve been through agreed, no doubt.
5
SPEAKER_00
Right.
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SPEAKER_00
We are both plan, have become planners over the 40 years of marriage.
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SPEAKER_00
I m always been a detailed planner.
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I had to get her to join me more on that.
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SPEAKER_00
So, you know, but it s better if you do it on the front end than the way we did.
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SPEAKER_00
It s a lot harder the way we did by kill each other.
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So you want to be in agreement on that.
5
SPEAKER_00
And all the data tells us on marriage and divorce statistics, and we ve studied this for years, is number one, cause of divorce, money.
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SPEAKER_00
The other three, if you can be in agreement on them, religion, kids, whether to have them and how to treat them.
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SPEAKER_00
and how to deal with crazy people in your extended family, your mother-in-law, and your crazy brother, your lazy brother who does cocaine, and whatever it is.
5
SPEAKER_00
How are you going to deal with it?
5
SPEAKER_00
How to manage boundaries with extended family.
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SPEAKER_00
And if one of you thinks that children should just be let run wild, and the other one is an over disciplinarian, we re going to have a problem, or I want no children, and I want 17, that s going to be an issue.
5
SPEAKER_00
Or I don t believe there s a God and I think anyone who believes there s a God s an idiot.
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SPEAKER_00
Oh, by the way, I think there s a God.
5
SPEAKER_00
Oh, see, this is a problem because now I m an idiot.
5
SPEAKER_00
So there you go.
5
SPEAKER_00
And so these are the things.
5
SPEAKER_00
But if you can, because all of these things are representative of your values and what your beliefs are.
5
SPEAKER_00
So when you can agree on your money, what you ve ended up agreeing on is your dreams, your fears,
5
SPEAKER_00
your visions, you re in agreement, you re in alignment on those.
5
SPEAKER_00
Not only what they are, but how we re going to go after them then.
5
SPEAKER_00
And you ve got a high probability of building wealth.
5
SPEAKER_00
That s the odd part of it.
5
SPEAKER_00
That s the infinity loop, how it comes back in on itself.
5
SPEAKER_01
I hope you enjoyed today s episode and it inspired you on your journey towards greatness.
5
SPEAKER_01
Make sure to check out the show notes in the description for a full rundown of today s episode with all the important links.
5
SPEAKER_01
And I want to remind you, if no one has told you lately, that you are loved, you are worthy, and you matter.
5
SPEAKER_01
And now it s time to go out there and do something great.