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On Today's Episode: Money allows you to cover your basic needs and it also gives you the ability to have new experiences and do really cool sh*t. No it doesnât buy happiness, but not having the money you need to cover basics in life can make you feel really miserable. In this money talk with Tom, weâre going to look at habits you have around money, both good and bad, and weâre going to help you find the path forward to what your version of financial success looks like. Your money habits, what you focus on, the story you have around money and your financial literacy are all important factors. Letâs get you in the right mindset to: Break away from the Time for Money tradeoff weâve adopted Start seeing money as potential to solve problems that allow you to earn more Build habits that allow you to grow wealth SHOW NOTES: 0:00 | Introduction to Money Talk 0:21 | Money The Great Facilitator 9:13 | Master the Game of Money 17:19 | Break Habits That Keep You Broke 35:17 | Adopt These Habits of the Wealthy 49:32 | Chasing Money for Happiness QUOTES: âMoney is the great facilitator. Money doesnât say anything about who you are as a person. It doesnât mean that youâre good, it doesnât mean that you are bad.â [0:32] âLearn about money, master the game, so that you can play it very well.â [12:40] âMoney is not going to solve anything but money problems.â [16:58] âMost people live paycheck to paycheck, even people that are making six-figures live paycheck to paycheck.â [17:56] âIf youâre not investing youâre going to be getting eaten alive by inflation.â [20:04] âPeople are spending all of their money. Debt habit number one, youâre spending all of your money on liabilities and not assets.â [29:55] âBe very thoughtful as youâre exchanging time for money. Donât forget that you also want to be in a position where you can exchange skill set for moneyâŠâ [34:37] âPeople that get wealthy, [...] all they think about are solutions.â [36:33] âIf you turn to people for a handout all youâll ever get is what theyâre willing to put in your hand.â [38:37] âWealthy people that know how to use debt effectively, [...] they donât sell the asset, they borrow against the asset.â [43:44] Follow Tom Bilyeu: Website: https://impacttheory.com/ Twitter: https://twitter.com/TomBilyeu Facebook: https://www.facebook.com/tombilyeu Instagram: https://www.instagram.com/tombilyeu/
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