Ok let’s get right into it.
For starters, I’m not here to just bullet out a few corny comments telling you to love yourself or create a vision board.
There are fundamental lessons I’ve learned from amazing people that are necessary to understand if you want to create wealth in your life.
Who the heck am I?
I worked for over 10 years as Director of Strategic Marketing at WebMD and started two businesses, first a record label and a now Change Creator which is my current life mission. Through Change Creator, I’ve had the honor of interviewing some of the most amazing people around the world such as Arianna Huffington, Tony Robbins, Guy Kawasaki, Neil Patel and many award winning Social Entrepreneurs.
What I’m going to share here are priceless insights from all those interviews and my experience in business.
True Wealth — Financial & Emotional
Let’s level set first.
I know, it sucks when you’re stressed about money. I’ve been there a lot and I’m sure you have too. It’s awful. Actually, I used to hate money but you’ll soon learn why that had to change.
We all have what seems like a million bills to pay and many times we’re waking up each day to work that we care less about. It’s like rubbing salt in the wound.
Things are OK.
Could be worse.
Have you ever used those descriptions when someone asks you how work is?
Even though I was happy with a great company like WebMD I would use the same words and they shouldn’t be part of your description when talking about work.
As Tony Robbins told us in our interview:
“The most sacred gift that you can give, besides your love, is your labor. So find something that you’re here to play for that’s more than just yourself.”
As British philosopher, author and speaker, Alan Watts, said:
“If you say getting the money is the most important thing, you will spend your life completely wasting your time.”
Remember, if you have a lot of money but are depressed and have no sense of purpose, you’re still broke.
Money is only part of being truly wealthy.
Pursuing a mission and mastering what you do leads to financial wealth but also emotional wealth.
It’s an important point to remember so you get on the right track.
Ok, now we can get into the 3 investments.
3 Powerful Investments
“…if you want to succeed in the financial world, then you have to work harder on yourself than you ever do on your job or your business.” (Jim Rohn/Tony Robbins, Change Creator Interview)
1 — Prime Your Brain For Wealth
You can have a broke mindset or you can have a wealthy mindset.
Perspective matters, a lot. Let me say it again, perspective matters! The topic requires a full book so I want make sure this point is taken seriously.
This is a fundamental necessity to achieve wealth, one that requires ongoing work, yet so many overlook it.
Everyone wants the new trick or tactic for quick cash and a better life. You can have all the tools in the world but if you don’t have the right mindset it doesn’t matter.
Don’t get me wrong, money management, investment strategies all play a role but the inner game is an essential foundational strength to master.
It’s not easy to change perspective or habits. It requires conscious effort and hard work.
Historical conditioning and thought patterns can consistently hold you back whether you acknowledge it or not.
As it has been said before, if you want to change the fruits, you will have to first change the roots. If you want to change the visible, you will have to first change the invisible.
Psychology is incredibly powerful and important to success in business and life. This message has been made clear by all the greats. I’ve been in business for over 18 years as an entrepreneur and in corporate. I’m still learning more about the power of psychology everyday.
Let’s have a little fun with a quick exercise. Get your paper and pen or Google Doc.
- Write down everything you learned about money, wealth and rich people while growing up. What were your parents habits around money?
- Write down how you believe the things you learned growing up affected your financial life so far.
Those are only things you learned but are not necessarily true nor do they represent who you are.
Once you realize this you can start changing how you think about money.
“Rich people focus on opportunities while poor people focus on obstacles.” (T. Harv Eker)
“Rich people have their money work hard for them and poor people work hard for their money.” (T. Harv Eker)
If you hate money because you believe it’s the root of all evil. Guess what? You won’t have much of it. Yup, that was me.
If you hate black jelly beans, you probably won’t have any. If you inherit a bunch of black jelly beans anyway, you will somehow get rid of them.
Want to start changing your mindset?
I dare you to try and stop complaining for a week, don’t even think of a complaint.
Not only is it really hard to do but this simple act starts to change things around you and boosts your emotional wealth. This creates a domino effect for good things.
You will see how much you drag yourself down with negative crap. Practice this until you master your mindset to avoid complaining.
If you have not read Secrets of the Millionaire Mind, I highly recommend you do as it will help you change how you think about money.
I’ve read it multiple times and it has literally changed my wealth over the past several years dramatically.
2 — I Want to Be Like Mike
Who in the world aligns to your values and is successfuly doing what you want to do?
My first interview ever for Change Creator was with the founder of Entrepreneur on Fire, John Lee Dumas.
He worked the corporate life and got fed up like many do. He decided to get into podcasting and when he started he invested in himself by paying a mentor $3,000 per month for support. Today, he makes hundreds of thousands of dollars per month.
Why is that important?
Well, not only does a great mentor expedite your success, they offer you resources and help guide your thinking in the right direction for wealth because they are successful. The way they think and act is working. Surrounding yourself with their energy and insights is extremely valuable.
The biggest struggle many have is knowing how to find a mentor or actually get them on board to be a mentor.
People will likely tell you to just ask and most will gladly help. Well, I’m here to say that’s not really true. Yes, you should ask but how you approach that matters and you need to be ready for a lot of disapointment. Successful people get a million emails and requests. They don’t have the time to help everyone on an intimate level.
Time is our most valuable asset and if you’re not willing to invest in yourself, than no mentor will either.
Do you always have to pay for mentorship, of course not. But you will want to have something of value to them to offer in return.
A first step to really getting someone on board might be to find a way to meet face to face. There’s nothing more powerful than in-person relationship development.
I have many mentors and I invest a lot to get their attention. This may not be direct payment but I offer them a podcast show, magazine placement and all those things require a huge investment on my end.
Where to Look?
Where can you find good mentors, make face to face connections and get them on board?
Honestly, one of the very best ways to do this is to invest in attending good conferences that have like minded people you can learn from.
You don’t just invest in attending the conference you invest in your future.
Conferences are great because you can meet people in person, share ideas, let them get to know you.
A few thousand dollars to obtain mentorship and build your network with real relationships is priceless. Seems scary and those who don’t invest are the ones that fall behind. The value goes far beyond the conference.
While there are many conferences most recently sharks Kevin Harrington and Daymond John caught my attention talking about Survive and Thrive, which is for mission focused businesses.
I decided to interview the founders to learn more and they are the real deal.
I was sold, here’s why I decided to attend.
It’s intimate. You get 1-on-1 mentorship from a range of entrepreneurs and impact investors. It’s held on a campsite by the water so it’s not a lame stuffy conference hall or hotel. You actually do outdoor watersports, sit around campfires, and really connect with people under various dynamics.
There are many conferences to consider and this was top of mind for me to share because I’m a big fan of small groups, face time and campfires.
Yes, I’m promoting it but only because it’s really cool and offers a boatload of value.
3 — What is Your Net Worth?
Rich people focus on their net-worth while the not-so-rich focus on their working income.
You can ask any rich person what their net worth is at any time and they will know.
Because they know what every dollar is doing thanks to organization and money management.
Even in the biography of Gandhi, he states that money organization is essential. Of all people, he’s not one that I would have expected to talk about managing money.
How often do you look at all your finances, credits and debts?
Are you tracking your month over month changes or are you just paying bills?
Do you know every monthly expense you incur and how much to expect month over month?
Do even have any investments that makes your money work for you?
Do you have accounts setup for specific money savings?
Do you have a financial advisor?
If you’re answering no to any of those questions you got work to do if you want to start seeing your money grow.
First and foremost this was the most difficult thing I learned years ago when I realized for years my bank account just hovered around the same place or dropped at times.
How can you expect to see your money grow if you don’t know where you’re spending money, how much, and what is bringing money in or not?
Some next steps.
- I highly recommend making a Google Sheet or Excel document to track your finances. Here is an example of what I use to track my numbers — click here
- Contact a financial planner or get a referral to one you trust and build that relationship. They will discuss your goals and help get you setup. You should also talk about getting some money, even if it’s $100, invested in mutual funds or stocks get your money working for you. That will give you an exponential return over a lame savings account which offers basically nothing.
- Setup your banking with a few accounts and have any money from work or business distributed automatically to those accounts so your money compounds over time.
- Primary checking which is for paying expenses and necessities (50%)
- Long term savings (25%)
- Leisure and giving (25%)
Once you take those steps you will not only feel less stressed and more confident but you will start seeing your money work for you.
Final Words of Wisdom
Happiness, fulfillment, and pursuing a mission leads to financial wealth but also emotional wealth.
Investing in yourself to become more conscious of your perspectives and habits will allow you to start creating a wealth mindset.
Investing in your network and mentorship from the right people will expedite your success and help shape your wealth mindset.
Investing in a financial advisor and adopting disciplined money management practices, will allow you start making your money work for you.
Over my years on this Earth I have found perception, perspective and mindset tend to be a key factor in anything. It’s like an algorithm that gets you results because it drives actions.
You might be doing marketing and studying copy writing.
You might be learning how to talk to people and negotiate.
You might be an athlete.
You might want better health and wellbeing.
They all have a common denominator, psychology.
Happiness and sustainable long term success is about more than money.
Play for something bigger than yourself and follow your values, passion and greatest competency.
Build your financial and emotional wealth!