Afleveringen
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Achieving financial freedom isnât easy, but it can be very simple if you have the right systems and the right intention. This is something that not a lot of people take into account when they think about building wealth, but it is such a big part of being able to take the right steps and get yourself closer to financial freedom.
Listen to this episode to learn what you can do if youâre serious about achieving financial freedom and how you can break away from your limiting beliefs!
Key Talking Points of the Episode
00:00 Introduction
01:15 What is The Roadmap to Financial Freedom about?
02:55 What did I have to start with?
05:04 How important is intention when youâre building financial freedom?
07:05 What is the importance of knowing your âwhyâ?
09:28 Why do you need to check out the Millionaire Club?
10:05 What would happen if you continue to do nothing about your finances?
11:57 How can being intentional help make wealth building easier for you?
14:02 What would it really take for you to get on the right path to financial freedom?
16:45 Why is it important to identify whatâs holding you back from achieving financial freedom?
Quotables
âI think the biggest thing is it was not easy, I was not lucky, and I had zero hand outs.â
âA lot of people are great at different things but if we constantly point to why these people have more than us and we just complain about it, itâs not gonna work.â
âThe financial freedom is almost a by-product. Your personal financial freedom is a by-product of the steps and actions youâre taking for the bigger cause.â
Links
Book: The Roadmap to Financial Freedom
https://www.amazon.com/Roadmap-Financial-Freedom-Millionaires-Automated/dp/1394217242
Skool: Millionaire Club
https://www.skool.com/millionaire-club-8278/about
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Everybody wants financial freedom but not a lot of people know what it really takes to get there, especially with everything weâre seeing on social media today. There is plenty of work that goes into every step of the process, from getting started to keeping your momentum, and thatâs what weâre talking about today.
Listen now to learn what it really is like before and after financial freedom, what it takes to get through the challenges you will face, and how you can move forward today and get closer to financial freedom!
Key Talking Points of the Episode
00:00 Introduction
01:55 What is it really like before you achieve financial freedom?
04:04 How does your resilience affect your ability to achieve success?
06:01 What makes starting the journey to financial freedom the hardest part?
08:39 How can you turn your negative emotions into fuel to achieve your goals?
09:55 What do you need to understand about what happens before achieving financial freedom?
13:52 What is it like after youâve achieved financial freedom?
16:51 What does life look like when you have financial freedom?
18:14 How has financial freedom given me a new purpose in life?
20:18 What do our goals look like now that we have financial freedom?
22:46 What do people make financial freedom out to be?
25:54 What is the true purpose of achieving financial freedom?
Quotables
âThe biggest thing behind this entire process is understanding that you have to be resilient.â
âIf you donât set yourself up, youâre never gonna achieve financial freedom. Youâre always gonna be sitting in the before stage and youâre never gonna get past this â I donât want you guys to do that.â
âThe more and more you believe in yourself, the more and more that you start to think this way, and you listen to this podcast and get around people who think this way, you start to believe that for yourself too.â
Links
Website: Budgetdog
https://budgetdog.com/
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Zijn er afleveringen die ontbreken?
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Have you ever wondered why many people want to become millionaires, but not everybody becomes one? Itâs really simple â they donât think they can do it and theyâre not equipped with the right mindset, knowledge, structure, and systems to make it happen, even when in reality, itâs very simple to achieve.
Listen to this episode to learn more about the reality behind achieving your first million and what could possibly be stopping you from becoming a millionaire today!
Key Talking Points of the Episode
00:00 Introduction
01:12 How easy can it be to become a millionaire?
02:18 What would it take to become a millionaire with average income?
04:45 How much of your income should you expect if you want to be a millionaire?
05:56 What does your mindset have to do with becoming a millionaire?
07:00 Why is it important to have the right structure and systems when building wealth?
08:01 Why do you need to understand that you need to make big changes to build wealth?
Quotables
âMy point here is to show that $7 a month will turn you into a millionaire, meaning it doesnât take as much as you actually think.â
âThe very first thing you have to do is get into the right mental frame. If you donât think you can build wealth because of the way you grew up, if youâve never built wealth and youâve been defeated, or thereâs been shame around money, itâs gonna be hard to ever get past that stage.â
âItâs super simple â itâs not a complex system, itâs not crazy rocket science. Itâs simplified stuff thatâs allowed us to be millionaires.â
Links
Website: Budgetdog
https://budgetdog.com/
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The most successful investors always say âtime in the market is more important than timing the marketâ and I could not agree more. There is no point in timing the market and waiting on the sidelines for that perfect day because if you take action now, youâre still going to make a better return than when you try to gamble your investments.
Listen to this episode to learn more about timing the market, why it isnât the best thing to do, and how you can actually achieve your financial goals if you have the right mindset!
Key Talking Points of the Episode
00:00 Introduction
01:11 Why is it important to be educated before investing in anything?
02:05 What could happen if you keep on timing the market?
03:31 Why is it important to listen to the right people?
04:54 What should your investing goals be like?
06:00 What is the purpose of investing your money?
07:07 How does your mindset affect your ability to build wealth?
08:56 What can you do to prepare for your investments?
11:21 How does the Budgetdog Academy help people achieve their financial goals?
12:27 Why shouldn't you try to time the market?
15:46 How should you be approaching your investments?
17:21 Why will this mindset prevent you from achieving your financial goals?
18:52 Why is it important to be careful with the information you listen to?
Quotables
âThe whole point of all things investing is to learn to hit your financial goals, because thatâs what you came here to do.â
âIt is not a challenging game if you ask the right questions and think about this the right way.â
âYou canât guess, youâre not gonna know. So if you wanna hit your goals, stop asking the question âis it the right time to invest in the market?â.â
Links
Website: Budgetdog
https://www.budgetdog.com
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Cryptocurrency has been making waves again, similar to how it did in 2021. Along with this craze comes a lot of hype and if youâre not educating yourself enough on the many factors that this investment would affect your portfolio, you could end up losing more than you could imagine.
Listen now to learn more about investing in crypto, the reality behind these crazes, and how you could protect yourself while diversifying your portfolio!
Key Talking Points of the Episode
00:00 Introduction
02:16 What are people saying about crypto today?
03:03 Why is it important to listen to the right people about investing your money?
04:25 What should you know about investing your money in crypto?
07:02 How can you protect yourself from the hype of these investments?
09:03 Why is it important to be vigilant when investing in something new?
10:01 What is a financial plan?
11:18 Why is it important to have a plan for your finances?
12:24 What is the best way to start building your investment portfolio?
14:34 What do you need to understand about these investment trends?
16:04 Why is it important to protect yourself from the hype of crazes like this?
18:13 What can you do to make sure youâre investing in the right vehicles?
Quotables
âThe whole purpose of investing is to hit your financial goals and I think that a lot of people, especially in the offices, donât understand what theyâre even in this game for.â
âHistory doesnât always repeat itself, but it does rhyme.â
âI think how we think as investors are what drive our results long term because oftentimes, what comes up must come down.â
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The first step to achieving financial freedom is knowing that you want it and being willing to do the work to get there. That is how todayâs guest, Aaron Teer and his wife started their journey, and thatâs what they are sharing with us on the show.
Listen to this episode to learn more about Aaronâs story, how they started working on their finances, and where they are today with achieving their financial goals with support from the Budgetdog Academy!
Key Talking Points of the Episode
00:00 Introduction
01:45 What were money conversations like for Aaron and Tiffany as kids?
03:35 How did Aaronâs parentsâ financial mindset affect him as an adult?
04:21 What was the pivotal moment for Aaron towards his finances?
06:13 What was the conversation like between Aaron and his wife about their finances?
07:26 How has financial management changed for Aaron and his wife?
09:01 How did Aaronâs background affect their finances?
10:33 How has Aaronâs sobriety improved their life?
11:59 What steps has Aaron and his wife taken to achieve their financial goals?
16:01 What are Aaronâs plans and goals for their finances?
19:04 What is Aaronâs advice for people who want to get their finances sorted out?
23:17 How has Aaronâs financial situation changed since they started taking action?
24:31 What quote helps Aaron move forward through challenges in life?
Quotables
âI think once you fix one thing, the next thing naturally comes as the secondary benefit.â
âAnother part of the plan is just sticking to the plan.â
âThe answers are out there. There are resources, there are ways you can change your situation.â
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Building wealth isnât dependent on your income or inheritance, it depends on your motivation, knowledge, and actions. This is what weâre uncovering in todayâs episode as we talk about how acting like a millionaire will help you become an actual millionaire.
Listen now to learn more about the reality behind building wealth and how you can start acting like a millionaire if you want to become a millionaire!
Key Talking Points of the Episode
00:00 Introduction
02:29 What does it really take to become wealthy?
03:37 Why is inheritance not always a factor in building wealth?
05:23 What is the biggest factor that hold people back from becoming millionaires?
08:07 What is the importance of having mentors to support you in building wealth?
09:18 Why is mindset crucial in building your wealth?
11:25 How do your limiting beliefs prevent you from achieving your financial goals?
15:11 What is it really like to start working on changing the way you think?
16:43 How can you start gaining the confidence to change the path youâre on?
18:50 How can the media you consume help you achieve success?
20:50 What can happen when you start acting like a millionaire?
22:25 How can you build a plan that will help you achieve your financial goals?
25:02 Why is it important to stay focused on your âwhyâ?
28:18 What can you do today to start building your wealth?
Quotables
âIf youâre still on the sidelines and youâre not even in the game, wake up! Pay attention, join the academy, get moving, and start the process. Start the building of wealth that you deserve to build.â
âPeople who become millionaires off of inheritance are of lower odds than that of a casino success.â
âWhat you believe becomes your reality and when you change the way you think about things, youâre gonna change your success, and thatâs exactly what happened to me.â
Links
Website: Budgetdog
https://budgetdog.com/
Book: The Roadmap to Financial Freedom
https://www.amazon.com/Roadmap-Financial-Freedom-Millionaires-Automated/dp/1394217242
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Building wealth is simple, but itâs not easy, and thatâs what many of the richest people in the world can tell you. This is something Iâve also personally proven through the years and it is the foundation of Budgetdog Academy â helping others build wealth the right way so more people can achieve financial freedom in a sustainable and scalable manner.
Listen to this episode to learn why the rich get richer and how you can get yourself on the right path to financial freedom using a roadmap that has been proven effective through time!
Key Talking Points of the Episode
00:00 Introduction
02:42 How can your network provide you access to opportunities?
03:48 What is level 1 of building wealth the right way?
06:02 Why is it important to tell people what value you can provide?
07:54 How were we able to raise $1 million for capital?
09:20 How can following the roadmap to financial freedom ensure your success?
11:26 Why is it important to put effort into getting connected with the right people?
13:01 How can private equity help you build wealth faster?
Quotables
âThe skill sets I was able to get from these individuals because Iâve either paid to play at different times or I provided value to other groups that theyâve allowed me to their circle because Iâve been providing value at a higher level.â
âA lot of people are afraid to ask and the answer is gonna be ânoâ if you donât ask.â
âThe first 5, 10 years, or whatever â itâs gonna be working hard, just so you know. Youâre not gonna skip level 1, youâre not gonna skip any steps. Thatâs what I did, thatâs what youâre gonna have to do.âLinks
Book: The Roadmap to Financial Freedom
https://www.amazon.com/Roadmap-Financial-Freedom-Millionaires-Automated/dp/1394217242
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Joseph and Allie Swanson are members of the Budgetdog Academy and they are a testament of the success weâre able to guide our students through. They came to the Budgetdog Academy early this year and today, theyâre moving forward towards their big goals faster than anyone wouldâve expected with the help of the roadmap weâve built to help people achieve financial independence and freedom.
Listen to this episode to learn more about Joe and Allie, their finance backgrounds, and how the Budgetdog Academy is helping them stay on track to achieve their financial goals!
Key Talking Points of the Episode
00:00 Introduction
01:36 What was money like for Joe and Allie while growing up?
06:01 How did Joe and Allieâs childhood influence their financial habits as adults?
11:45 How did Joe and Allie meet?
14:01 What was it like for Joe and Allie to merge their finances?
16:05 How did Joe and Allie find the Budgetdog Academy?
18:10 What was it like for Joe and Allie to discover the Budgetdog Academy?
21:06 What sets Budgetdog Academy apart from others?
25:28 What are Joe and Allieâs goals for the future?
28:22 Why is it important to think long-term in building your finances up?
30:13 What kind of businesses are Joe and Allie looking into?
32:07 What is Joe and Allieâs advice for people who want to start working on their finances?
Quotables
âOur big goal last year was getting our finances in check and we were able to do that. I think we invested half of our income and still had money for our expenses and everything, and plus more, so we were so impressed by that â by just learning through the program.â
âOnce you find that business, youâve been talking about it so much, and when thereâs intention behind something, it will happen.â
âIf you really wanna get a grip at where youâre spending your money, then you want to understand how and why youâre spending your money.â
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Better financial habits can be for everybody, if you have a strong motivation and the drive to make it happen. This is what todayâs guest has proven through the years as he went from being a police officer with spending habits that were not as healthy to becoming a savvy investor on his way to grow a real estate portfolio for his familyâs future.
Listen now to learn how better financial habits can put you on the right path to success and what you can do today if you want to start getting your finances straightened out!
Key Talking Points of the Episode
00:00 Introduction
01:05 What were finances like for most families in the 80âs?
03:48 What was it like to not be taught about finances?
05:05 How would your parentsâ financial habits influence yours?
07:41 How can unhealthy spending habits impact your life?
08:45 What can the Budgetdog Academy help you with?
09:48 How does your childhood impact your financial habits as an adult?
11:30 Why is your intention important in building better financial habits?
13:29 How important is it to have people support you as you work on your finances?
19:03 How would your first deal impact your perspective in real estate?
22:40 How can you make the most of your investments with a partner?
23:47 How can real estate provide better opportunities for you and your family?
26:38 Why is real estate a smarter way to grow your wealth?
28:27 What can you start to do today to start building healthy financial habits?
Quotables
âI kinda learned as I grew up. I had to teach myself from making a lot of mistakes.â
âHaving communication is so important, especially when you have common goals you wanna talk about.â
Links
Website: Safety Pro Marksmanship and Tactical Training
https://safetyprotactical.com/
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Everybody talks about work-life balance, but what does that really mean?
If youâre stuck in a rut and you feel like you want more out of life, chances are, this is what youâre looking for too. Itâs pretty normal to be thinking this because everyone else is too, but is societyâs idea of balance really what you need to thrive in life?
Listen now to better understand what it really means to want work-life balance and what kind of balance is healthy to have in your life!
Key Talking Points of the Episode
00:00 Introduction
01:18 What is balance all about?
02:37 What does wanting balance truly mean?
03:31 What do most successful people in the world have in common?
04:42 How will your priorities help identify the kind of balance you will have in life?
06:01 What does healthy balance look like?
07:39 What is the reality behind the idea of having work-life balance?
09:01 What kind of balance should we aim to achieve?
10:44 Why is it important to have clarity on what you value the most?
12:01 Why should you address the desire for balance early in your career?
Quotables
âWhen you value balance, you value average because balance is average.â
âTheyâve gone so extreme to where they wanna reach a level of success that nothing is stopping them.â
âI know that I value achieving that goal, moreso than the idea of balance. Balance has never really been attractive to me.â
Links
Instagram: Brennan Schlagbaum
https://www.instagram.com/budgetdog
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Budgets are not supposed to restrict you, theyâre supposed to guide you, and this is something many people do not understand. Itâs honestly one of the biggest reasons thereâs so much resistance to implementing it but if you truly want to achieve financial freedom, this is the first thing you need to manage well and understand how to leverage!
Listen now to understand what it truly means to have a budget and how you can start managing your finances today to get to a better financial situation without cutting down on your expenses!
Key Talking Points of the Episode
00:00 Introduction
01:01 What do most people believe about achieving financial freedom?
02:08 How do most peopleâs belief systems affect their finances?
03:00 What mindset do you need to have for better financial management?
04:00 What do you need to understand about how budgets work?
06:09 What tools can you use to help you build your wealth?
07:36 How will your priorities help you manage your finances better?
08:28 Why is it important to really understand why you want to spend your money?
09:41 How can understanding your reasons help you make better financial decisions?
10:49 What is the importance of aligning your goals and finances?
Quotables
âIf you really wanna do this the right way, realize that thereâs 2 seasons â seasons of abundance and seasons of sacrifice, and both seasons are gonna happen from time to time, just like winter, fall, spring, and summer, and itâs okay.â
âAnything worthwhile is worth the sacrifice and anything worthwhile requires sacrifice.â
âMost novices will think that a budget is like the end all, be all, but itâs just a small â itâs probably 5% of the whole puzzle.â
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Kierra Bussey is a self-made visionary entrepreneur who is a devoted mother with a strong passion for wellness and mental health. She built her self-care brand, Ignite Your Peace, as she was learning more about finances and raising her children, and she is with us today to talk about her journey, how her mindset has shifted through the years, and what you can do to start changing your financial situation today.
Listen now to learn what Kierraâs road to financial independence was like and how she is preparing for her childrenâs financial future!
Key Talking Points of the Episode
00:00 Introduction
01:10 What was money like for Kierraâs family as a child?
03:00 What was it like for Kierra when she first started making money?
05:02 When did Kierra first meet a financial advisor?
06:20 Why is it important to learn how to manage your finances early?
09:59 What has Kierra done to give her children a good financial future?
14:35 How did Kierraâs childhood influence her mindset towards money?
16:24 How does Kierra plan to educate her children on finances when theyâre older?
19:49 What is Kierraâs advice for someone who wants to be financially secure?
21:49 How did The Psychology of Money help Kierra understand finances better?
24:53 What was it like for Kierra to start managing her finances better?
27:45 What mistake did Kierra make before she started managing her finances the right way?
29:32 What do people need to keep in mind as they start working on their finances?
Quotables
âEven if youâre only making $24K a year, learn how to manage your money and make it grow because I could compare myself to someone whoâs making half of what I make and they may have more money and a greater net worth because they understand how to manage and invest their money.â
âMy commitment to myself and my family is now that I have access to understanding what passive income is even through just investing, is to just have those vehicles where I can passively make income.â
âI wanna be financially secure and the way to get there is by setting up multiple streams of passive income.â
Links
Book: The Psychology of Money
https://www.amazon.com/Psychology-Money-Timeless-Lessons-Happiness/dp/B08D9WJ9G8
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Success isnât something that happens overnight and the sooner you understand that, the sooner you can get yourself on the path that will help you achieve your goals and more. It doesnât matter what background you have or what cards you were dealt in life, if you believe you can do it and you take action, you can get to wherever you want to be.
Listen now to learn how weâve turned disadvantages into advantages to get to where we are and what you can do to overcome the victim mentality to actually start achieving success in life!
Key Talking Points of the Episode
00:00 Introduction
01:05 What was my childhood like?
03:28 How can having a victim mentality set you back in life?
04:12 How can you turn your disadvantages into advantages?
06:35 Why is it important to overcome the victim mentality?
09:07 What could happen if youâre constantly relying on other people?
10:09 How can you take control of your financial situation?
12:16 What is the reality behind motivation?
13:21 What was my mindset towards financial freedom?
14:50 What should your goal always be?
15:31 How did our mindset get us where we are today?
18:37 Why is it important to truly believe that you can become successful?
20:02 How will learning to overcome adversity keep you move forward?
21:44 Why is it important to surround yourself with the right people?
22:46 How did my mindset shift help me achieve success?
Quotables
âThereâs nothing in this world thatâs gonna help you. No oneâs your savior, youâre your own savior.â
âIf youâre not a killer, if youâre not a dog, youâre not gonna win. Youâre gonna let too many excuses floating with the wind and youâre gonna never accomplish much. Youâre gonna be so average, itâs gonna be sickening.â
âYou can see success if you choose to see success, but thereâs limiting beliefs that people have nonstop that are holding them back.â
Links
Book: Breaking the Habit of Being Yourself
https://www.amazon.com/Breaking-Habit-Being-Yourself-Dispenza-ebook/dp/B006M7A8JI
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In this conversation, Eric Chadderdon shares his journey from growing up with parents in the real estate business to becoming a successful multifamily real estate investor. He discusses the importance of financial education and early entrepreneurship in shaping his mindset around money. Eric emphasizes the power of perseverance and not quitting, sharing his experiences of overcoming challenges and rejection. He also highlights the significance of networking and building relationships in the real estate industry. Finally, Eric discusses his upcoming venture in the education business, where he aims to teach others how to succeed in multifamily real estate. The conversation covers topics such as membership places and risk, the game of business and success, surrounding yourself with the right people, recording and editing videos, course quality and feedback, future plans and gratitude, and requirements to become a general partner.
Chapters
00:00 - Growing Up with Money
06:28 - Parents' Real Estate Ventures
08:06 - Financial Education and Early Entrepreneurship
11:06 - Transition to Multifamily Real Estate
22:22 - Multifamily Real Estate Journey
24:48 - Investing in Yourself and Mentorship
28:23 - The Importance of Networking and Relationships
34:07 - Launching an Education Business
36:41 - The Value of Investing in Yourself
37:49 - Membership Places and Risk
38:14 - The Game of Business and Success
39:02 - Surrounding Yourself with the Right People
39:17 - Closing Remarks
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One of the most challenging parts of achieving comfort and success in life that nobody talks about is how you continue moving forward. Many people face the challenge of identifying what their next step would be because theyâre already at a good place but if youâre not challenging yourself and working hard to maximize your potential, that means youâre slowly going backwards â and thatâs something nobody wants.
Listen to this episode to learn what itâs like to be stuck in comfort, why we should continuously seek out growth, and how you can make sure youâre finding ways to maximize your potential!
Key Talking Points of the Episode
00:00 Introduction
02:25 What is the struggle weâre facing in identifying the next step for us?
04:33 Why is it important to learn how to maximize your strengths?
06:30 What could happen if you stay in your comfort zone?
07:59 What is the value of having an impact on other peopleâs lives?
09:34 How can you find a deeper purpose in life?
11:54 How can you use your experience to help other people get comfortable?
14:02 What could your future look like if you took action and used your skills today?
15:00 How can you maximize your potential today?
Quotables
âI believe most of life is about giving to others â to be able to use your talents to help other people, to inspire other people, to get people in a better position.â
âWhat keeps you going is the bigger âwhyâ, so one of our biggest goals right now is to donate $1 million to Gervais Syndrome.â
âI believe wholeheartedly that if you stay where youâre at, youâre actually dying, slowly and steadily.â
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Entrepreneurship is a wonderful journey and it can give you a beautiful future if you learn how to do it the right way, but itâs not for everybody and thatâs okay. With so many people taking their stories to social media today, telling you âanyone can do itâ, you have to make sure you really know what youâre getting yourself into before you make major decisions that could affect other aspects of your life.
Listen to this episode to learn more about the journey into entrepreneurship, the truth behind taking the leap of faith, and what our experience has been like as we built Budgetdog!
Key Talking Points of the Episode
00:00 Introduction
01:35 How did we get interested in entrepreneurship?
03:22 What were the early years of business like for us?
05:19 How much responsibility will you have as you start your own business?
07:18 How would people see your success from the outside?
10:53 What is hard work really like in entrepreneurship?
14:10 How much would you need to sacrifice to build a successful business?
15:25 What can you do to be more disciplined as an entrepreneur?
18:26 How much are entrepreneurs risking to achieve success in business?
20:52 What was the transition from corporate to entrepreneurship like for us?
24:20 What was my motivation to make the business work?
29:04 What should you keep in mind when you look at successful entrepreneurs?
Quotables
âI wanna remind everybody that the mindset for entrepreneurship isnât for everybody and thatâs okay.â
âIf you donât build yourself up as a better quality person, your business will fall on its face really fast and you gotta change very fast. Adaptability is one of the biggest traits I see in highly successful people.â
âYou might start 3 steps behind, you might also start 3 steps ahead, and ultimately it doesnât matter. The cards that you were dealt, you need to figure out to use this to the best of your ability.â
Links
Website: Budgetdog
https://budgetdog.com/
Instagram: Brennan Schlagbaum
https://www.instagram.com/budgetdog
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Heather Brito is an experienced trauma psychologist and coach who helps people understand the connection between their mind and their financial behavior. She uses her expertise in psychology to uncover the things that need to be changed in order to become mentally and financially healthy and she is with us today to talk more about the importance of your mindset to your financial situation.
Listen now to learn more about financial psychology, the real reason we struggle with finances, and what we can do to get ourselves in better financial situations!
Key Talking Points of the Episoder
00:00 Introduction
01:13 Who is Heather Brito?
02:06 How does the lack of financial literacy hold people back from success?
06:07 What is negative cognition and how does it affect your finances?
09:24 What is the real reason for emotional spending?
14:24 How can you overcome your negative cognition?
21:10 What is the importance of understanding the psychology behind your finances?
22:15 How does negative cognition trigger impulsive behavior?
26:44 What are the psychological barriers that hold people back from financial success?
28:58 What can people do to change their financial future?
31:40 What is the reality behind what people see as ârichâ?
34:14 Why is it important to be intentional with your finances?
39:29 How do cognitive biases hold you back from making better financial decisions?
42:52 How will awareness of your negative cognition help you overcome cognitive biases?
45:54 What is Heatherâs advice for people who want to get to better financial situations?
46:13 How can you connect with Heather?
Quotables
âIf I donât know something and I wanna learn a little more about it or I feel dumb, Iâm probably gonna get a book, join a webinar â Iâm gonna do something like that to get a little more knowledge if itâs something Iâm struggling with.â
âItâs perspective, itâs at no fault of anyone. Itâs what someone perceives.â
âIf itâs a strong positive fact, you usually canât argue with it. That will shift you out of the part of the brain that holds the negative cognition.â
Links
Website: Heather Brito
https://www.heatherbrito.com/
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Welcome back to another insightful episode of "Money On My Mind" with me, Brennan Schlagbaum. Today, we delve deep into the core challenges hindering financial success. Joined by Tom, a skilled student success manager from Budget Dog Academy, we explore the five pivotal barriers that often hold many back from financial prosperity. This episode is tailored for anyone from high earners who underestimate the power of budgeting to individuals trapped in the paycheck-to-paycheck lifestyle, providing actionable insights and practical tips to revolutionize your financial journey.
Episode Highlights [00:40] - Unpacking Financial Challenges: Tom introduces the five critical obstacles to achieving financial success. [02:10] - The Budgeting Myth: High earners often neglect budgeting. Tom explains why it's essential, regardless of income. [03:28] - Journey from Budgeting to Wealth: Real-life success stories demonstrating the transformative power of effective budgeting. [09:30] - Mastering Cash Flow: Strategies for managing newfound cash flow and the importance of purposeful investing to avoid financial stagnation. [14:13] - Avoiding Investment Mistakes: Common errors in investment strategies that can impede long-term growth. [22:45] - Navigating Investment Risks: The importance of understanding and managing risks to maintain and grow wealth. [33:44] - The Psychological Side of Finance: How emotional factors impact financial decisions and overall financial health. [38:19] - Living for Today and Tomorrow: Tom shares a poignant story highlighting the necessity of enjoying life while securing a financial future. [43:05] - Conquering Financial Shame: Tips on how to confront and overcome the shame and guilt associated with financial struggles. [45:30] - Steps to Financial Recovery: Practical advice for anyone feeling financially left behind. Links & Resources Budget Dog Academy: https://budgetdog.com/ Closing ThoughtsIf you're aiming to break free from financial constraints and step towards a life of abundant wealth, don't miss this episode. Make sure to subscribe, follow, and share "Money On My Mind" if you find this discussion beneficial. Your ratings and reviews help us reach and help more people like you achieve financial freedom. Tune in next week for more empowering financial insights!
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In this conversation, Lindsay Stamp shares her journey of overcoming debt and achieving financial freedom. She discusses her upbringing and the money mindset she developed from her parents' hard work. Lindsay talks about the impact of a traumatic event on her perspective on life and money. She emphasizes the importance of being willing to make sacrifices and take action to achieve financial goals. Lindsay also highlights the significance of open communication and alignment with a spouse or partner when it comes to money management. In this conversation, Brennan and Lindsay discuss the potential for Lindsay to start her own business in personal finance and wealth building. Lindsay expresses her desire to create and build something for herself and feels pulled to teach people how to handle their finances. Brennan encourages her to pursue this path, highlighting her communication skills and relatability. He shares his own experience of building a business and emphasizes the potential for multiple revenue streams. They also discuss the dynamics of the Wealth Squad community and the different perspectives on Bitcoin within the group. Overall, the conversation inspires Lindsay to take action and pursue her passion for personal finance.
Lindsay Stamp's Twitter: @lindsaystamp3 - Laat meer zien
