Latest / Go Big with Gib Podcast / Ep 147. Think Like An Investor

Transcript

Ep 147. Think Like An Investor · Go Big with Gib Podcast

• 0:00
  SPEAKER_00: Welcome to the Go Big With Gibb podcast, where we talk to professionals, business owners, and entrepreneurs about their big wins.
• 0:09
  SPEAKER_00: Welcome back to Go Big With Gibb.
• 0:11
  SPEAKER_00: Today I want to talk about something that has completely changed my life.
• 0:15
  SPEAKER_00: Not because I made more money overnight, but because I started asking different questions.
• 0:20
  SPEAKER_00: The difference between thinking like an employee and thinking like an investor.
• 0:24
  SPEAKER_00: Now, before anyone misunderstands me, there's absolutely nothing wrong with having a job.
• 0:29
  SPEAKER_00: In fact, every entrepreneur I know was an employee at some point.
• 0:33
  SPEAKER_00: The problem isn't having a job.
• 0:35
  SPEAKER_00: The problem is never changing the way you think.
• 0:38
  SPEAKER_00: Employees and investors look at the exact same opportunity and see two completely different things.
• 0:44
  SPEAKER_00: An employee asks, how much does it pay?
• 0:47
  SPEAKER_00: An investor asks, what could this become?
• 0:49
  SPEAKER_00: An employee thinks about the next paycheck, an investor thinks about the next decade.
• 0:54
  SPEAKER_00: That difference seems small, but it changes everything.
• 0:57
  SPEAKER_00: When I opened my law practice nearly 20 years ago, I could have focused on how much money I was making that month.
• 1:04
  SPEAKER_00: Instead, I ask a different question.
• 1:06
  SPEAKER_00: How do I build something that becomes more valuable every single year?
• 1:10
  SPEAKER_00: That's investor thinking.
• 1:12
  SPEAKER_00: An investor isn't buying time.
• 1:14
  SPEAKER_00: An investor is building assets.
• 1:16
  SPEAKER_00: And assets come in all forms.
• 1:19
  SPEAKER_00: A business is an asset, rental real estate is an asset, stocks are an asset, intellectual property is an asset.
• 1:26
  SPEAKER_00: A strong personal brand is an asset.
• 1:28
  SPEAKER_00: Even relationships can become valuable assets if you invest in them over time.
• 1:33
  SPEAKER_00: Employees often think in terms of expense.
• 1:36
  SPEAKER_00: Investors think in terms of return.
• 1:38
  SPEAKER_00: Most people see a book and think that's$25.
• 1:42
  SPEAKER_00: An investor asks, could this book help me make$25,000?
• 1:46
  SPEAKER_00: Most people see a conference and think, that's expensive.
• 1:49
  SPEAKER_00: An investor asks, who might I meet there?
• 1:52
  SPEAKER_00: Most people look at hiring someone and think, payroll.
• 1:55
  SPEAKER_00: An investor asks, what can I now accomplish because someone else is handling the work?
• 2:01
  SPEAKER_00: See the difference?
• 2:02
  SPEAKER_00: The numbers are the same.
• 2:03
  SPEAKER_00: The perspective isn't.
• 2:05
  SPEAKER_00: Money is simply a tool.
• 2:06
  SPEAKER_00: Too many people spend their entire lives trying to accumulate money.
• 2:10
  SPEAKER_00: Investors focus on putting money to work.
• 2:13
  SPEAKER_00: If your money is sitting in a checking account doing nothing, who's working?
• 2:17
  SPEAKER_00: You are.
• 2:18
  SPEAKER_00: If your money owns businesses, owns real estate, owns investments, now your money has a job.
• 2:24
  SPEAKER_00: And eventually your money starts working harder than you do.
• 2:28
  SPEAKER_00: That's when wealth begins to compound.
• 2:30
  SPEAKER_00: Employees trade time for money.
• 2:32
  SPEAKER_00: Investors trade dollars for assets.
• 2:35
  SPEAKER_00: Time is finite.
• 2:36
  SPEAKER_00: Every one of us gets the same 24 hours in a day.
• 2:39
  SPEAKER_00: You can always make more money.
• 2:41
  SPEAKER_00: You cannot make more time.
• 2:43
  SPEAKER_00: That's why successful investors become obsessed with leverage.
• 2:46
  SPEAKER_00: How can I accomplish more with the same amount of effort?
• 2:50
  SPEAKER_00: Maybe that's technology.
• 2:51
  SPEAKER_00: Maybe that's hiring.
• 2:52
  SPEAKER_00: Maybe that's partnerships.
• 2:54
  SPEAKER_00: Maybe that's investing in business where other talented people are creating value.
• 2:59
  SPEAKER_00: Leverage isn't about doing less, it's about accomplishing more.
• 3:02
  SPEAKER_00: One thing I've learned is that investors don't panic every time the market moves.
• 3:07
  SPEAKER_00: When the stock market drops, when real estate slows, when businesses get difficult, employees often see uncertainty.
• 3:14
  SPEAKER_00: Investors often see opportunity because they understand that markets move in cycles.
• 3:19
  SPEAKER_00: Fear is temporary, value lasts.
• 3:22
  SPEAKER_00: Some of the best investments in history were made when everyone else was afraid.
• 3:26
  SPEAKER_00: That doesn't mean you should blindly buy everything that's down.
• 3:30
  SPEAKER_00: It means you should train yourself to think independently instead of emotionally.
• 3:35
  SPEAKER_00: Finally, I want to challenge one idea that I hear all the time.
• 3:38
  SPEAKER_00: People say, I'll start investing when I have more money.
• 3:41
  SPEAKER_00: I don't believe that, because investing isn't primarily about money, it's about habits.
• 3:46
  SPEAKER_00: Someone who can't consistently invest$100 probably won't consistently invest$10,000.
• 3:53
  SPEAKER_00: The amount changes, the mindset usually doesn't.
• 3:56
  SPEAKER_00: Start where you are, learn how assets work, read books, ask questions, study successful people, own something.
• 4:03
  SPEAKER_00: Over time, you'll stop thinking about earning money and you'll start thinking about building wealth.
• 4:08
  SPEAKER_00: The wealthiest people I know don't spend their mornings asking, how much money am I going to make today?
• 4:13
  SPEAKER_00: They ask, what assets am I building today that will continue creating value long after I'm finished working?
• 4:20
  SPEAKER_00: Once you start thinking like an investor instead of an employee, you stop chasing income, you start creating freedom.
• 4:27
  SPEAKER_00: Thanks for joining me on another episode of Go Big with Gibb.
• 4:30
  SPEAKER_00: If this episode gave you a new way to think, share it with someone who's working hard but wants to start building real wealth.
• 4:37
  SPEAKER_00: And remember, don't just work for money, make your money work for you.
• 4:41
  SPEAKER_00: Until next time, think bigger, invest wisely, and as always, go big.
• 4:49
  SPEAKER_00: Thank you for listening to this episode of Go Big with Gib.
• 4:52
  SPEAKER_00: If you haven't already, go follow us on social media at Gib Irons.
• 4:56
  SPEAKER_00: We'll see you next time.