Latest / The Inner Wealth Podcast / Ep116. Rewriting Your Financial Narrative for Success.

Transcript

Ep116. Rewriting Your Financial Narrative for Success. · The Inner Wealth Podcast

• 0:03
  Speaker 1: This is Mike Kitco and I'm a small business owner just like you.
• 0:06
  Speaker 1: I'll never be a hustle, horror, grind guru, but I do believe in having it all health, wealth and a life full of love.
• 0:12
  Speaker 1: Struggle is not the goal and sacrifice is not glamorous.
• 0:15
  Speaker 1: I like the path of least resistance.
• 0:18
  Speaker 1: It just takes a shift in mindset and the beliefs you hold.
• 0:21
  Speaker 1: You believe that you need to sacrifice now to have what you want later, or do you believe that you can have it all all the time?
• 0:27
  Speaker 1: Does your beliefs create your outcomes?
• 0:29
  Speaker 1: I choose to feel wealthy, successful and happy every day and you get to choose for yourself.
• 0:35
  Speaker 1: Welcome to lead love, profit play, where small business owners learn and choose to have it all and choose to create success without distress.
• 0:48
  Speaker 2: Take a look at your net worth right now.
• 0:50
  Speaker 2: Take a snapshot of it Now.
• 0:54
  Speaker 2: Your net worth for anyone who doesn't understand is, if you take everything that you own minus everything that you owe, that's your net worth.
• 1:06
  Speaker 2: So it's what is the amount of value, of financial value that is yours right now.
• 1:16
  Speaker 2: Now, when you factor in your net worth, you're going to factor in the equity in your home.
• 1:22
  Speaker 2: You're going to factor in your savings, both liquid and in investments.
• 1:26
  Speaker 2: You're going to look at everything that you own overall and subtract everything that you owe, and that's going to leave you with a value.
• 1:35
  Speaker 2: It's going to leave you with a number.
• 1:37
  Speaker 2: Now that net worth might be thousands, it might be 100,000s, it might be millions.
• 1:47
  Speaker 2: It's going to range right.
• 1:49
  Speaker 2: Maybe you're a billionaire That'd be awesome too but you're going to be left with a number, and that is your net worth, your net financial worth.
• 2:00
  Speaker 2: Now here's what I want to talk about today.
• 2:05
  Speaker 2: Your money mindset created that net worth the way you think about money, what you believe about money, how you relate with money, how you relate with money, how you feel about money, how you perceive money, the meaning that you assign money, the role that money plays in your life, the value that you've assigned to money.
• 2:40
  Speaker 2: This is all your money mindset, and that money mindset created that net worth.
• 2:49
  Speaker 2: We like to think that our net worth and the value, what we have in our life, is a result of how much work, how much effort, how much stress and impact that we've had in the world, how much value we've given and how much value we've received.
• 3:19
  Speaker 2: Yes, in some cases, all these things factor in, but at the end of the day, it's your money mindset that created all of that.
• 3:29
  Speaker 2: Here's where the rubber hits the road and here's where this episode really starts to get good.
• 3:40
  Speaker 2: The same money mindset that you have right now cannot create a higher level of net worth than you enjoy right now.
• 3:50
  Speaker 2: The same exact money mindset, if you perceive money the exact same way, if you perceive the meaning of money, if you perceive the value, if you perceive the exchange of money, if you perceive the role of money, if you hold on to the beliefs of the amount of effort is required to create money or how money is created, or whatever.
• 4:23
  Speaker 2: If you take all of these things and if you continue to think and feel and act and believe and behave with money in the same exact way that you do right now, you will not create higher levels of net wealth in your life.
• 4:42
  Speaker 2: The same beliefs that got you here will not add another zero to your bank account.
• 4:52
  Speaker 2: The same beliefs that got you here, the same thoughts about money, the same feelings about money will not allow another comma, another zero, another level.
• 5:06
  Speaker 2: The same beliefs, the same thoughts, the same feelings that you have right now about money will not allow you to 10X your financial well-being.
• 5:14
  Speaker 2: I know this might be a bitter pill to swallow for some people, but there's the point to all this madness.
• 5:25
  Speaker 2: Here's what I've found Money sells, the promise of money sells.
• 5:38
  Speaker 2: If you look at, there are a lot of awesome gurus, coaches, teachers in the world who can and will help you build your business.
• 5:53
  Speaker 2: No doubt they are talented, they are gifted, they can absolutely 100% help you increase the impact, the viability, the results of your business.
• 6:10
  Speaker 2: No doubt the promise of more money sells super, super easily.
• 6:18
  Speaker 2: It's clean to sell money.
• 6:21
  Speaker 2: It's easy to sell money.
• 6:24
  Speaker 2: The easiest way for me to make a sale in the world is by telling someone that I can help them increase the amount of money that they make in the world.
• 6:35
  Speaker 2: I've watched awesome teachers and awesome gurus and awesome coaches sell money as a result, sell financial well-being as a result of their work together.
• 6:56
  Speaker 2: I've watched people that are ultra-talented help other people sell their programs, but sell people programs about increasing the amount of wealth in their life.
• 7:14
  Speaker 2: I've seen people sell hundreds of thousands of dollars of opportunities to create more money.
• 7:20
  Speaker 2: The programs and the lessons that these folks teach they're real and they're relevant and they're valuable.
• 7:32
  Speaker 2: No doubt they're legitimate.
• 7:35
  Speaker 2: Here's why some of them don't work.
• 7:39
  Speaker 2: Here's why most of them don't work.
• 7:41
  Speaker 2: Here's why you'll take the same program among a population of students and some of those students will get results and some of those students will not.
• 7:54
  Speaker 2: Here's why, because if you bring the same money mindset to that concept that they're teaching, to that program that they're teaching, if you bring the same perception about money, if you bring the same beliefs about money, if you bring the same interactions and if you bring the same codependencies to money, if you bring the same exact meaning to money through those programs, you will stay stuck and those programs will not work for you, because it's your money mindset that creates your wealth, it's not a program that creates wealth.
• 8:44
  Speaker 2: Have you ever let's talk a little bit about self-sabotage you ever heard somebody win that was broke right.
• 8:56
  Speaker 2: Maybe they lived in a trailer park and that typical story maybe the Midwest story.
• 9:02
  Speaker 2: They lived in a trailer park, they hit Powerball, they won $350 million and then a couple years later they were broke as fuck.
• 9:14
  Speaker 2: But it's like they were more bankrupt a couple years later than they were even before they hit the Powerball Because their money mindset was set to be poor.
• 9:32
  Speaker 2: And when you put money on top of a broken money mindset, there's only one thing that happens they find a way to get rid of that money as quickly as possible because their money mindset is set to be poor.
• 9:47
  Speaker 2: If you look at athletes that they grow up in the inner city and then they sign, they go to college and they're a star athlete in college and they get drafted into the pros maybe it's baseball, maybe it's basketball, maybe it's football but they get drafted and they get a multi-million dollar contract and then, just a few years after they're done playing, they're broke and they have nothing.
• 10:26
  Speaker 2: Have you ever heard these stories before?
• 10:31
  Speaker 2: The reason this happens is because you take a money mindset, you put money on top of that broke money mindset and that money mindset will find a way to get back to the conditions that created the struggle to begin with.
• 10:52
  Speaker 2: You can't put money on top of a broke money mindset and expect the broke money mindset to maintain a level of wealth.
• 11:01
  Speaker 2: It doesn't happen that way.
• 11:04
  Speaker 2: But when you make a shift to the money mindset, now you're talking, now you stand a chance, because the money mindset inside a human being is what creates the financial condition in their life.
• 11:22
  Speaker 2: If you take an awesome program in a room of 100 people and give 100 people the same exact program, only the people who perceive out of the 100, only the people who perceive money differently and who change their money mindset and who change the program and who change the story inside of their head, only those people who let go of the old beliefs and the old stories and the old perceptions, only those people who evolve in their money mindset, will get results from the program.
• 12:06
  Speaker 2: I was at a retreat a couple of weeks ago and I spoke one day and the next day there was an awesome guy named Kyle Mallian spoke and Kyle even he said the same thing.
• 12:20
  Speaker 2: Kyle said listen, if your money mindset doesn't change, nothing will change.
• 12:25
  Speaker 2: The first step is changing your money mindset.
• 12:29
  Speaker 2: The first step is changing your mindset about success and about business acquisition and about cash flow.
• 12:39
  Speaker 2: It's changing your money mindset.
• 12:40
  Speaker 2: I had just kind of taught the same thing the day before.
• 12:47
  Speaker 2: Your money mindset got you here.
• 12:51
  Speaker 2: The same money mindset will not get you to the next level.
• 12:54
  Speaker 2: What for?
• 12:57
  Speaker 2: People buy the promise of money but what they refuse to understand is it's their money mindset, not the program, that creates wealth.
• 13:12
  Speaker 2: The program offers a solution, but the money mindset is what changes their financial condition.
• 13:21
  Speaker 2: This is important stuff.
• 13:24
  Speaker 2: There's a teacher named T Harvecker.
• 13:29
  Speaker 2: T Harvecker is active today, but he was really active back in the 1990s and early 2000s.
• 13:39
  Speaker 2: T Harvecker wrote an awesome book called the Secrets of the Millionaire Mind.
• 13:45
  Speaker 2: It's still one of my favorite books today.
• 13:49
  Speaker 2: This thing is game changing.
• 13:51
  Speaker 2: It talks about the program that he calls them, the wealth files, the programs, the stories that could be running inside of your mind that would keep you broke, and the stories that are required to shift inside of you in order for wealth to begin to accumulate, for you to create wealth in your life.
• 14:11
  Speaker 2: Here's the magic of what Harve did.
• 14:17
  Speaker 2: Harve published a book called the Secrets of the Millionaire Mind and when Harve was up on stage, harve would sell the promise of more money.
• 14:26
  Speaker 2: Harve would constantly talk about money make millions, make millions, become rich.
• 14:32
  Speaker 2: Make millions, secrets of the millionaire mind, the secrets of the wealth files.
• 14:37
  Speaker 2: It was all about money.
• 14:39
  Speaker 2: Then, when you got into his conference rooms, then, when you got into his trainings, guess what?
• 14:44
  Speaker 2: He never talked about money.
• 14:47
  Speaker 2: He only talked about what was happening in your mind and in your body, because it's what's happening inside of your mind and body that created this financial situation that you are enjoying or not enjoying right now.
• 15:08
  Speaker 2: Nothing changes if nothing changes.
• 15:10
  Speaker 2: If you took the same money mindset, your perceptions of money, how you see money, how money drives your life or influences your life, how you look to extract money from someone else, how do you do that Right?
• 15:32
  Speaker 2: Do you do it by a career, a job, a service?
• 15:37
  Speaker 2: Stealing Like how?
• 15:40
  Speaker 2: What is that?
• 15:41
  Speaker 2: What is that extraction technique that you utilize in order to try to create wealth in your life?
• 15:49
  Speaker 2: If you continue to see the world, the financial world, through the same financial lens that you have right now, no matter what program you have, no matter what job you get, no matter what happens in your life, no matter what investment takes off, no matter what outcome, no matter what inheritance.
• 16:19
  Speaker 2: If nothing changes inside of you, your overall financial state will come right and rebound right back to the same place that you are right now, just like people that win powerball and become broke.
• 16:38
  Speaker 2: And just like athletes that go from poor to rich back to poor, because it's their money mindset that created their initial circumstance.
• 16:50
  Speaker 2: And nothing changes if nothing changes.
• 16:58
  Speaker 2: I hang out with a lot of people, a lot of successful people, and some of my most successful people that I hang out with are, let's talk, you know, brian Schroeder he's been a guest on this podcast.
• 17:11
  Speaker 2: Lucas Walls he's been a guest on the podcast.
• 17:14
  Speaker 2: And Sam Prim he's been a guest on the podcast.
• 17:17
  Speaker 2: Joshua Wilson he hasn't yet.
• 17:20
  Speaker 2: Pat Hilton, kyle Mallian these guys these guys are all in that success sphere and these guys are really moving the needle in the world.
• 17:34
  Speaker 2: These guys are really making an impact in the world and doing significant things and valuable things and really make a meaningful difference in this world and they all have hearts of gold and they all want to help and they're all servants and they're all stewards of goodness and they do care about the people that they work with and they do want the best for other people and they have huge ass hearts, but they all understand the value and the power of mindset, specifically your money mindset.
• 18:11
  Speaker 2: Because if nothing changes, nothing changes.
• 18:14
  Speaker 2: And the way these people that I just mentioned, that line of names, that list of names that I just mentioned, the way they became so wealthy, the way they became so influential, the way they became so successful, is by first changing inside and then seeking change on the outside.
• 18:41
  Speaker 2: But if nothing would have changed inside of those people, if the stories about money, the stories about themselves, the stories about their role in the world, the stories about how to extract and how to harness and how to create and how to accumulate well, if the stories inside of them wouldn't have shifted before the outcomes, the outcomes wouldn't have shifted.
• 19:08
  Speaker 2: The circumstance doesn't create the story.
• 19:12
  Speaker 2: The story creates the circumstance.
• 19:17
  Speaker 2: And if you are one of those people that spend more time defending your beliefs and defending your perspectives and defending your money stories, defending your opinions about money, your opinions about the rich, your opinions about the economy, if you defend your perspective, your beliefs and stories and perspectives and opinions more than you listened to other people that have more than you, that have created more than you, that have achieved more than you, that have accumulated more than you.
• 19:51
  Speaker 2: If you defend your beliefs more than you open up and listen to those beliefs of other people that are ahead of you in the game and adopt their beliefs, adopt their stories, adopt their perspectives, if you don't open up yourself and open your belief system and stop defending yourself and seek out the knowledge and guidance and the wisdom and the mindset and the heart set of those people that are at another chapter, farther along in their journey, you're doing yourself a great disservice, and the more you defend your own position, the more you're staying stuck there.
• 20:30
  Speaker 2: Listen, programs, offerings, courses, teachings, solutions, processes these things that offer the promise of more wealth are awesome and they're abundant.
• 21:01
  Speaker 2: And this is a world where solutions are all around you and everyone's got a solution, everyone's selling a solution, and I love it because 99% of them are legit.
• 21:15
  Speaker 2: There are those few that where it's just people trying to take your money, but 99% are legit.
• 21:23
  Speaker 2: But the key to effectively utilizing those is by, first and foremost, changing the narrative that's happening inside of your mind and your body.
• 21:39
  Speaker 2: If you think that money is bad and you buy a program to give you more money, it's not going to be effective because you think that money's bad, if you think that the rich are greedy and evil and cause damage in this world, and then you buy a program to make you rich, it will not work because subconsciously you are not going to want to become greedy and evil and cause damage in this world.
• 22:07
  Speaker 2: If you think more money, more problems and then you buy a program to make more money, it's not going to work because you're going to do anything you can subconsciously to avoid adding more problems in your life.
• 22:24
  Speaker 2: If you think that money will corrupt you, if you think that money corrupts, if you think that success corrupts, if you think that being wealthy and successful and actually demonstrating some success in this world will corrupt you and you buy a program to actually do those things and to have those things and to become those things, that program will not work because you will do anything subconsciously to avoid being corrupted or hurting people.
• 23:12
  Speaker 2: I love.
• 23:16
  Speaker 2: I love the servant leaders and the educators that I, that I walk shoulder to shoulder with every day, and and all those guys that I just mentioned Brian and Lucas and Sam and Josh and Pat and Kyle.
• 23:31
  Speaker 2: I walk shoulder to shoulder with these guys and in in many different, various forms, and they're all educators and they're all servants and they're all leaders and they're all impactful and valuable and they, all of them, make a difference.
• 23:44
  Speaker 2: They all have something extremely valuable to offer.
• 23:49
  Speaker 2: But until you change your mindset, until you change what's happening in your mind and body, what those guys offer, the educational tools that those guys offer, they will not work in your life.
• 24:07
  Speaker 2: And these guys would would all tell you the same.
• 24:10
  Speaker 2: The promise of money sells, but if nothing changes inside of you, the promise of money will go unheard and unrealized.
• 24:27
  Speaker 2: And this is why so many people buy programs that are completely what they say don't work.
• 24:35
  Speaker 2: But what's really not working is is the narrative inside of them and their money mindset, their mindset in general, but specifically when you buy money, when you buy a program, and it doesn't work, it's because your money mindset is corrupt, not because the programs corrupt.
• 24:57
  Speaker 2: So, guys, two books I'm going to offer.
• 24:59
  Speaker 2: I'm going to recommend Secrets of the Millionaire Mind by T Harvecker and the Big Leap by Gay Hendricks.
• 25:06
  Speaker 2: Check out these two books.
• 25:08
  Speaker 2: They'll help you create, change your mindset, create wealth and success and then, most, most of all, most importantly, help you keep it.
• 25:17
  Speaker 2: Keep it without sabotaging the way.
• 25:19
  Speaker 2: Love you guys.
• 25:21
  Speaker 2: Thanks for jamming with me.
• 25:23
  Speaker 2: Thanks for your time.
• 25:24
  Speaker 2: I hope this is helpful.
• 25:25
  Speaker 2: I would love, if you are open to changing and rearranging your money mindset.
• 25:31
  Speaker 2: I would love an opportunity to work with you, to connect with you.
• 25:35
  Speaker 2: You can.
• 25:36
  Speaker 2: You can reach out to me on my website, wwwinterwealthglobalcom.
• 25:40
  Speaker 2: Connect with me in the about mic section.
• 25:44
  Speaker 2: Schedule some time with me, let's get on the phone, let's get on a zoom and let's change, start changing that money mindset so we can start making some real wealth in your life.
• 25:58
  Speaker 1: If you enjoyed what you heard and you want to learn more, go to wwwinterwealthglobalcom for more tools and resources.