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Your Idea Of "A Lot Of Money" Is Actually Small - David Shands · Social Proof Podcast

• 0:00
  [SPEAKER_00]: Yo Dave, what you got from your man?
• 0:06
  [SPEAKER_00]: So for somebody who doesn't come from money, they start making money.
• 0:11
  [SPEAKER_00]: And you see the money in your bank account and you're terrified because you never want to lose it.
• 0:16
  [SPEAKER_00]: Cause it's like, I finally got something with five digits in it.
• 0:21
  [SPEAKER_00]: I got ten thousand dollars an enjoy it.
• 0:23
  [SPEAKER_00]: I don't want to lose it.
• 0:25
  [SPEAKER_00]: Well,
• 0:26
  [SPEAKER_00]: It's simply because one you have a poverty fearful mindset because I have it and I want to protect it and it's nothing wrong with wanting to protect it.
• 0:37
  [SPEAKER_00]: But the big challenge is your idea of a big number is small.
• 0:46
  [SPEAKER_00]: So there's some people like, okay.
• 0:50
  [SPEAKER_00]: I finally got ten thousand dollars.
• 0:52
  [SPEAKER_00]: This business owner is working.
• 0:53
  [SPEAKER_00]: I got ten thousand dollars from my bank account.
• 0:55
  [SPEAKER_00]: I don't want to lose that because that's the most money I've ever had in my life.
• 1:00
  [SPEAKER_00]: The same fear you have of losing that ten thousand is the same fear somebody else has when they get down through the last million.
• 1:10
  [SPEAKER_00]: A million dollars is like the smallest number.
• 1:14
  [SPEAKER_00]: There's zero is a million.
• 1:17
  [SPEAKER_00]: You understand what I'm saying?
• 1:19
  [SPEAKER_00]: So we have to be exposed to understand, I think, man, once we start learning about money and how money actually works, like just making money a study, you'll realize how little that money is, especially in times of emergency or some sort of crash or something like that, we've got to make money a study.
• 1:41
  [SPEAKER_00]: because you can't just keep it.
• 1:42
  [SPEAKER_00]: You can't hold onto it.
• 1:43
  [SPEAKER_00]: You're losing it, but holding onto it.
• 1:45
  [SPEAKER_00]: You have to invest it.
• 1:47
  [SPEAKER_00]: There are some things that let's say for instance, you say, well, I don't want to lose this money, but I...
• 1:56
  [SPEAKER_00]: Not okay, I have it, but I know I need to invest it.
• 1:59
  [SPEAKER_00]: One, I have faith in yourself that if you didn't want, you could do it again, even if you lose it today.
• 2:04
  [SPEAKER_00]: Two, we gotta start thinking expansion.
• 2:08
  [SPEAKER_00]: So what can we put that money into?
• 2:10
  [SPEAKER_00]: That's going to help me make more money.
• 2:13
  [SPEAKER_00]: And eventually, you'll have thirty thousand dollars.
• 2:15
  [SPEAKER_00]: And you'll have that same fear.
• 2:16
  [SPEAKER_00]: Oh my gosh, I got thirty.
• 2:18
  [SPEAKER_00]: I don't want to lose it.
• 2:19
  [SPEAKER_00]: Which is cool, because thirty's bigger than ten.
• 2:21
  [SPEAKER_00]: And eventually, you have a hundred thousand say, oh my gosh, I can't lose this hundred thousand.
• 2:25
  [SPEAKER_00]: The same feeling you had about the, the ten thousand you had about the hundred now.
• 2:28
  [SPEAKER_00]: But we have to continue to grow it.
• 2:31
  [SPEAKER_00]: Otherwise, we're one hundred percent going to lose it.
• 2:34
  [SPEAKER_00]: And it's not a happy life because there's some things that
• 2:38
  [SPEAKER_00]: You will want to do for the person who listens to this.
• 2:40
  [SPEAKER_00]: There's some things that you want to do, and I believe life is not about the accumulation of money, it's the accumulation of experiences that money can give you experiences.
• 2:50
  [SPEAKER_00]: But you gotta go make more.
• 2:52
  [SPEAKER_00]: So tell yourself, I've ten thousand about and a bank, but a time I get to fifteen thousand.
• 2:59
  [SPEAKER_00]: I'm gonna take two thousand and do something that I've never done before, and I'll always wanted to do.
• 3:04
  [SPEAKER_00]: You're still up there to your stop another three thousand, but it's gonna take you going a little harder to go from ten to fifteen.
• 3:11
  [SPEAKER_00]: And do you take two?
• 3:13
  [SPEAKER_00]: And you gotta do something cool.
• 3:14
  [SPEAKER_00]: And now you got thirteen, but you're never going back to ten again.
• 3:17
  [SPEAKER_00]: You said you wanna do something else cool.
• 3:18
  [SPEAKER_00]: It's gonna cost me five thousand dollars to go to Africa and do all this kind of stuff.
• 3:22
  [SPEAKER_00]: I gotta get it to twenty.
• 3:23
  [SPEAKER_00]: It's just the ambition.
• 3:25
  [SPEAKER_00]: Not just for the accumulation of money, but my ambition is to do cool stuff.
• 3:30
  [SPEAKER_00]: But we can't do the cool stuff with the hoarding of the ten thousand and a five thousand and six thousand and thirty that whatever your number is.
• 3:37
  [SPEAKER_00]: We can't do cool stuff on hoarding money.
• 3:39
  [SPEAKER_00]: We want to have experiences.