Episode 51 – The #1 Secret of Being and Staying Wealthy That Nobody Ever Talks About

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The Secret of Being and Staying Wealthy
Episode 51 – The #1 Secret of Being and Staying Wealthy That Nobody Ever Talks About
July 6, 2020
Key Takeaways To Tune In For
  • [1:42] How I went from getting my car repossessed four years ago to be able to pay cash for a new one 
  • [3:05] Why money is an important topic to talk about especially during these tough times
  • [4:17] The #1 unexpected thing you need to do when you DO have money
  • [4:58] What wealthy people look like & why they’re often hidden in plain sight 
  • [5:35] An important lesson I’ve learned from my money coach
  • [7:00] What wealthy people spend their extra money on
  • [7:38] Why I chose to buy a cheaper house than what I could actually afford
  • [8:56] The kind of decisions wealthy people make
  • [9:15] What to do when you have extra money in your bank account
  • [10:05] The biggest lesson I learned from being surrounded by multi-millionaires
  • [10:43] 2 important things I learned when I lived in Bali, Indonesia
  • [11:22] Why you should move to a country with cheap living costs and forget about what everyone else is thinking
  • [12:40] What living below our means allowed us to do as a family
  • [13:09] Why I chose a car from 2016 over a brand new Tesla
  • [14:15] How to use your extra money productively
  • [14:43] The types of expenses wealthy people have that you might not realize 
  • [18:14] How the money/time/expertise you give will always come back to you
  • [18:45] Why giving to charity will never be easy
  • [20:15] Why giving to charity as a business owner is even more complicated
  • [23:25] Why it is so essential  to figure out your money mindset
  • [24:55] What happens when you constantly live above your means
  • [25:30] How I dealt with debt and saving money for retirement
  • [27:53] What other people say you should do and why this is not reality

 

In this episode, I will share ALL the secrets of wealthy people that no one ever talks about. I dive deep into how to deal with money when you have some more on your hands, why you need to work on your money mindset, and what I have learned along the way that led me to where I am now. 

Resources From This Episode

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