Latest / Money Grows on Trees / #285 - How To PAY OFF 25k Debt With This Mindset

Transcript

#285 - How To PAY OFF 25k Debt With This Mindset · Money Grows on Trees

0:00
I was spending. A big spender. Money was coming
0:08
Obviously having you as a mentor and walking me through some strategies on
0:12
It's not also about not spending, is it? Because you spend money still, but
0:23
I think it's the fear. The fear of the unknowing. The fear of getting uncomfortable.
0:29
Do you think the strategy is complex? No. I'm Lloyd James Ross, seven-figure
0:32
investor and entrepreneur, and I've helped thousands of business owners and
0:36
professionals turn financial stress into success. If
0:39
you're stuck in old money habits, overwhelmed by investing, or unsure where
0:42
to start, this is for you. I'll give you the mindset and
0:46
strategies to take control, grow your wealth, and achieve financial
0:50
freedom. It's time to make your money work for you. All
0:53
right, welcome to this very special episode of the Money Grows on Trees podcast.
0:57
I'm joined by a very, very, very special guest. You're going to love this
1:00
episode. She's flown in all the way from
1:04
Canada. And by that I mean Canada. So yeah,
1:08
30 hours to get here. We just came off the back of a wonderful event together.
1:12
She's now actually a big part of our team. But most importantly,
1:16
she's here to share her journey of how she got
1:19
her money under control. And it's none other than Melissa Corciato.
1:24
Thanks, Lloyd. Good to be here. Great to be here. It's wild that you're in the studio. Absolutely,
1:28
We've known each other for just a bit over three years. Yep.
1:39
So you come all the way to Australia and we pull you into a studio. Yet
1:42
to see a kangaroo, but that'll change today. Excellent. So welcome.
1:55
We like to have some fun. So we
1:59
just came off the back of an event together these last two days. We had our elite student
2:02
event which we were able to fly in for which is awesome. And
2:06
so now we are in the studio and I would love to unpack for
2:09
the audience to share with them the lessons you've learned on
2:13
shifting your entire money, I would say
2:17
philosophy, your wealth philosophy, since being with us
2:20
for the last three years and how that's impacted your life. So
2:23
I'd love to share that with them, if we can impact that wisdom. Because you're
2:29
the first Canadian student on the show. ever,
2:33
which is cool. So I want to go back and
2:36
begin with what was life like
2:40
before we got to know each other, before you came into
2:43
our circle, into our realm. So go back and
2:46
tell us a little bit about who Melissa is, what life was like, what you
2:55
Prior to meeting you, I thought life was good. I thought
2:58
life was smoothing along. Things are going great. But
3:03
it wasn't until I started being
3:06
in your circle, being in your realm, seeing other
3:09
people and coaching other people where I actually
3:12
had to look myself in the mirror and be like, holy man,
3:17
I do have issues with my finances. Things aren't perfect. And
3:21
that's when I realized that I actually needed help myself. seeing
3:25
my clients go through the process and changing their mindset, changing
3:28
their behaviors, changing their finances and getting results. I
3:33
needed to take control of myself and my finances because they're
3:40
Out of control is just not being mindful of what I was doing with my
3:44
I was spending. A big spender. Money was coming
3:50
So what things, like what, well, firstly, why,
3:55
I think it's just, it was happening because
3:59
of how I grew up and growing up
4:02
with nothing and not having money to go out and spend, not
4:05
having money to go out and buy things for myself restricted
4:10
me. And then all of a sudden I have money now and
4:16
Right, so you had no real control mechanism on it. What are some of the things you spent
4:21
Clothes, vehicles, side-by-sides, you
4:27
So for those non-Canadian or non-North American listeners, a
4:33
Is an off-roading machine that's
4:39
It's like this cool off-road like Polaris buggy. We went in
4:42
one when we were in Canada. We drove one. A friend of ours had one and they're
4:49
Actually I asked him when I was like, how much are they? And he said it's like
4:53
Yeah. And it was like we always had to have the next best thing, the
4:56
next best thing. So as soon as it got old, well we needed to purchase something new
5:04
I don't know. I think it really goes back to again, not
5:10
Sure. So you had this like, it's like when you, you
5:14
first discover alcohol in your teens, you're like, yes, I can drink a beer. And
5:17
then you have no like gauge orders to how many you should have. You
5:21
learn the lessons. So, okay, cool. All right. So what
5:24
else is going on with your money? Like besides the spending thing, what, what
5:28
else, what other habits and behaviors had you picked up or that
5:34
I think not looking at my finances, so not looking
5:37
at the bank account, not auditing, not being
5:44
So those behaviors as you had them going on, like
5:47
getting the best new thing and not looking at your bank statement and
6:08
I could venture with my family, go on trips, travel. Come
6:14
OK. And what other things? Like, what else was, like, when
6:17
you went, oh, I can see where my gaps
6:21
are here, why, like, what
6:24
could you see unfolding if you didn't fix the gaps? So
6:27
besides not being able to travel and take your family on vacations and stuff, was there anything
6:31
I would have been never be able to retire. I wouldn't
6:35
be able to have anything for my children for going to school or nothing
6:39
to live on because I had no pension. I had no emergence,
6:52
In times, yeah. If something broke down and we needed to fix it, pull
6:58
Right. So, and what impact did that have, having the credit card
7:06
And so, you got two boys, you're married with two boys, two young
7:10
boys, so you're a mom. And
7:13
tell us a little bit about like what you do for work and how that had an impact on
7:17
I'm a success coach. Um, I do make really good money
7:24
In sales. Yeah. So just allow me to spend more
7:27
money because I was making lots of money. So I spent it. Um,
7:35
No, like what, what are you, so like if we, if we go back, so you're a mom, tell
7:39
us a bit about who you are. Like we need to, I want to know,
7:42
I want the audience to know like who is Melissa and why
7:48
So a mom of two boys, success
7:53
coach, passionate about health and wellness. I'm a
7:56
bodybuilder, I compete, really
8:02
value my family and just
8:08
Yeah. So you're a bodybuilding competitor, right? Yes. Like
8:12
Yeah. So you have discipline in that area. Did
8:19
Not always. Not until probably
8:24
Okay. And so what, what, what did you discover in that moment
8:30
Yeah. Because how you, how you approach your health is
8:35
not always, but mostly how you approach everything else. Right.
8:39
Because would you agree to have, to have a good body, to
8:42
be healthy requires discipline, like not eating the wrong foods
8:45
too much and working out, et cetera. Massive. Right. So what happened to
8:53
Coming up from an addiction. and being in a
9:02
That's when I decided to change. And I decided to
9:12
Eating healthy, looking after my body, working out, fueling
9:23
So stop drugs, was
9:26
it drugs you're addicted to? Okay, so drugs, you started
9:31
eating better, looking after your body and then the impacts
9:35
Feeling better, got my family back, got
9:40
And so you hit rock bottom in your health and then
9:43
you fixed it. Was there a time where you felt you hit rock bottom
9:49
Yeah, two times back in 2008. When
9:52
I had to claim bankruptcy, that was rock bottom,
9:56
handing over everything and being a failure in my
10:00
finances. And then got my credit back up,
10:04
built my credit back up and kind of went rock bottom again because my
10:08
patterns and my habits with my spending didn't change.
10:18
who failed once before, you can fail
10:22
But what impact was that having on your life, being bankrupt or
10:28
It was like an impact because I've already done that with my body
10:31
and my being an addict for so long. It was almost like being
10:37
And so what was the story you're telling yourself? Like I'm bankrupt? The
10:55
And what about going bankrupt and then hitting rock bottom financially again? Like,
10:59
what were you, were you seeking answers? Were you wanting to get out of
11:02
it? Were you wanting to live a different life financially? Like with more
11:05
money, is there anything you had on your, in your mind? Like, I really
11:09
would love to do this, but because I have claimed bankruptcy and I can't get
11:12
control of my money, I can't do those things. Was there ever that conversation?
11:21
just something inside of me changed that there is more to life
11:26
than being a failure. There's more to life than hitting rock bottom.
11:32
So what are some of the things, once we met, what
11:35
are some of the things that you wanted to do but you couldn't because you didn't have the finances
11:39
I was thinking like there is so much more
11:43
to life and I know that people can change and
11:46
I've seen it in people with their finances. I've seen it in myself with
11:51
becoming clean and changing and not going
11:54
back. But it wasn't like that with my
11:58
finances because I kept going back. But I think seeing that
12:03
you can change in your health but you can also change in your finances as
12:12
Like watching you and Alicia and your life and what you guys
12:16
do and how happy you are and where you get to go and there's
12:19
no stress, there's no financial strain,
12:26
Yeah right, so you saw this vision of like hey well maybe if I have all this in
12:30
place and it's I can utilize it more effectively. So
12:35
tell us, what are some of the things then, like so you've discovered this,
12:38
you're like, I want this. And then what are some of the steps you took
12:46
I started working on myself, on
12:52
Getting to the root cause of why I've spent money,
12:56
where that originated from, why I needed
13:02
Because it fulfilled me, because I never had it when I was younger. But
13:09
So when did your mindset flip? When you were working on your mindset, what
13:12
thing did you do that went, okay, I'm now ready to shift
13:16
I think just looking back to my past and seeing all the patterns and seeing all,
13:20
nothing was changing. and I knew I needed to
13:23
change it, just like I changed it with my health and becoming
13:30
Great, so what's the first step you did to change? The practical, tactical
13:34
step in your finances that you recall, okay, this is
13:37
a practical step. So you got your mindset going, hey, I'm aware, because
13:41
awareness is the first step of transformation, so now I'm aware of these patterns, I
13:45
now see a juicier life that I wanna get to, Tactically,
13:49
physically, what did you then do to start
14:05
Because of all the outgoings, all the debits, all the debits, all the debits and
14:12
So then what did you do when you looked at it? Okay, lots of debits, lots of
14:15
outgoings. What was going on then? What did
14:19
Then I realized I needed to cut back and I just start saying no to
14:27
And no to my husband. That
14:30
was hard because as a mom, you want to give your kids everything.
14:36
But at the same time, it's not teaching them anything either because they're
14:44
So you made a decision, you're like, you know what, I'm just going
14:47
to start saying no more. And
14:53
The spending stopped. More money was in the account. There
15:03
Then I started paying myself first. I
15:07
started putting money aside for an emergency fund. I
15:11
learned how to invest, where to put my money. I
15:18
Yeah. So let's go recap the steps. So you looked at your bank statement. Awesome.
15:22
Too much going out, not enough coming in or some coming in, not too
15:25
much going out. So say no more often, bup, bup, bup. You put a
15:29
plug in the hole. You kind of plug the hole in the boat. So it
15:32
stops sinking. And all of a sudden, bup, bup, bup, money starts appearing in
15:35
the account, right? Yeah. Then you said emergency fund. Why
15:39
Because if I have an emergency happen, I don't have to put onto a credit card. Right.
15:48
Right, without relying on credit. Right. Which could build up and
15:52
So that's a good step. So look at the bank accounts, start saying no more,
16:02
So when I pay myself 10%, that 10% goes into my investment.
16:22
That's okay. It's the beginning. Have you been paid passive income? Yes. Wonderful.
16:26
It's funny when you see people, they come on the show and I say, have you been
16:29
paid passive income? And their smile goes. What's
16:40
It's like, wow. my future is
16:46
Sure, yeah, so your money's falling off the tree. Great. So, anything
16:51
else? So, you've put in these steps and like if you listen to our show
16:55
and you read our books, you can see these steps in action, right? And that's what you saw
16:58
with our students. You're like, oh, I can see these steps getting put in place and
17:01
it makes so much sense because there's financial pieces not as far away as I thought
17:05
it would be. So, you start doing it. And so, you're shifting things,
17:08
right? And what was happening then? How did you feel then? What was going on?
17:12
I felt in control of my life, like my destiny.
17:16
And not only being able to shift these behaviors
17:20
and these habits, it also allowed
17:23
me to pay off all of my credit card debt, all of my personal loans, which
17:27
was $150,000. You had $150,000 in debt? Yes.
17:33
Just quickly, if you're ready to take control of your finances but feel stuck on
17:36
where to start, I have a solution. My book Money Bias Happiness
17:40
simplifies investing and wealth building with practical steps to help
17:43
you achieve financial peace. Get your copy via the
17:47
link in the show notes and let's get your money working for you. Now back
17:56
The truck, your truck. I had a truck. And just credit
18:02
You also notice in North America, I see, because I see
18:05
students, you know, set ups all the time, financial situations all
18:09
the time, every day. And notice in North America, they will keep giving
18:12
you credit card beyond six figures. It is wild. Like in North America,
18:15
so it could be Canada and America, but generally in the States, they
18:19
just throw credit card debt, like, until it's
18:22
just insurmountable. So that was happening to you had car debt, toy
18:26
debt, which is side by side, credit card debt. And
18:30
then, so how did you pay it off? I know that's the audience is thinking, how
18:36
Well, obviously having you as a mentor and walking me through some strategies
18:43
Do you think the strategy is complex? People
18:46
are going to be, how do I pay credit card debt off? Well, first thing is, have an emergency fund
18:49
so you don't get any more of it, look at your bank statements, and then start shifting
18:53
the money from toys and other things into paying
18:57
it off. What was it like? Did you think, I'm ever going
19:00
to pay this off? Or did it feel like a struggle? Or did you do it
19:03
quickly? Because you're able to earn money. So that's
19:07
a big bonus. Because a lot of people I see, too, they go,
19:10
I want to pay my debts off. And they're earning like a pittance, like $40,000 a year. I'm like,
19:14
you need to make more money. Right? But you're already making enough
19:17
money to do that. You're just sending it the wrong places. So once
19:20
you shifted and started sending it, I think I remember the conversation we
19:23
were having, like, I'm gonna pay, I forget what it was,
19:27
and I'm like, well, you could pay all that off. It's almost like people
19:30
don't realize, you mean I can pay it off now, I don't have to
19:37
Yeah, we had, well, firstly,
19:40
we had way too many vehicles. And so having a conversation with
19:44
you and overcoming that we don't need to have, shifting that
19:47
mindset, we don't need to have all the new things and all of these things.
19:51
So we sold a vehicle, which ultimately gave us cash
19:55
in our hand, which paid off our trailer, our
19:58
motorhome. And so that
20:01
was nice to have that. But yeah, just the strategy of being mindful of
20:05
where my money went, knowing I had a goal that I
20:08
wanted to reach, paying this off in two years, I did it in 17 months. but
20:13
just sticking to that and devoting,
20:18
Was it a bit like, it's a slippery slope. So when you were coming
20:21
into more money, was it a very like challenging mental
20:25
place to be? Like, were you having a fight mentally about, well,
20:28
I'd like to get another car, or I'd like to do, and
20:35
It was tricky. Yep. Because I, I seen the money, I
20:40
could have spent it. So it was, it was hard not
20:43
to spend it, but it's like, I don't know if anybody else
20:47
that goes through your program, it's like when you go through Lloyd's program,
20:50
it's like Lloyd's in your mind all the time. It's like, no
20:53
matter if I went out shopping or if I was going to make a money decision online,
20:59
Lloyd was always there, do you need this? Do
21:03
you really need this? So that
21:07
helped because obviously the habit wanted to
21:10
be there to spend it, but I knew I finally had
21:13
a financial goal that I wanted to reach. And I was disciplined in
21:22
Because you had this, you've won bodybuilding competitions, you've
21:25
got discipline in all these other areas. Relationships, relationships with
21:29
your boys, and your body, and your health, and
21:33
work. You have discipline. It's just not in
21:36
that area. Yeah. So you did find that you're able to apply it,
21:42
Once I had financial goals because I have goals in my health,
21:45
I have goals in my relationship, but I never had goals financially.
21:49
Got it. So it's not also about
21:53
not spending, is it? Because you spend money still, but
21:56
It goes to things that are purposeful and that are just going to
22:01
So you're still a spender. That's
22:05
why I think, too, I'm like, well, I'm a spender. I just spend a ton on
22:08
income-producing activities. And I spend a ton on assets. And
22:12
I spend a ton on experiences. And I expect, you
22:19
Yeah. So it's not like toys and things that depreciate. It's actually things
22:22
that appreciate. So as you said, you've spent $25,000 or
22:26
whatever, probably less than that because it's grown, but on assets. You've
22:30
now spent some money from your side hustle to come here. So
22:36
In different areas. Things that are going to progress me forward,
22:45
Marvelous. Excellent. So have you had slip ups along the
22:54
Where? Just a little, like, where do you think you've had slip ups?
22:57
Well, definitely. We needed it.
23:02
A slip up of purchasing a vehicle. But
23:10
So what'd you buy? Because I will never buy a vehicle on financing ever
23:19
Right. So you set up some rules about your spending, right? So at least you did it. And I
23:22
remember we had the conversation. You went, I just bought a Jeep. I'm like, you what?
23:26
Like, I just bought a Jeep you like out of the commercial. I was like, why? Anyway,
23:38
That's a good thing. And then what else? The other day, I wanted to talk about
23:41
what happened the other day. You learned a lesson when you talked about how
23:46
Oh, yes. So I got my emergency fund.
23:50
It's sitting there. I never touch it. But our hot
23:53
tub broke. And I'm like, oh, this is an emergency. I'm
23:58
in Canada. We need this heated or else it's going to freeze. And I
24:02
was all excited. I went and got the part
24:10
And I remember saying, I don't think hot tubs are an emergency. And you're like, oh,
24:13
I'm sure they are. In Canada, they are. But what you're saying, and you
24:16
might be right here, is if you don't actually have your hot tub heated,
24:20
the water will actually freeze in it and break it. So
24:24
we could probably agree that if it wasn't fixed, it was going to break. But
24:28
if it had of, it still would have been OK. Like it's
24:32
safe broken for 20 years and it wouldn't probably impact your life. So
24:36
where do you think now knowing that an emergency fund is really helpful for besides
24:46
Right. So something where like, yeah, you that you need right now that
24:50
you really need. Yeah. It's going to make a huge difference in the next day or two. Yeah. Right.
24:53
So that's really more what it's for. However, you
24:57
did have it there. You need to use it. And then what's
25:01
next? You're going to replenish it, right? Yeah. Awesome. So you would
25:04
have, how would you approach that before, before credit
25:12
Fast, easy, accessible. And what's the knock-on effect
25:18
You just keep doing it, and the interest. You're paying interest. You're growing
25:23
Right. Yeah. Excellent. So you seem to
25:26
have kind of drawn this line in the sand now, where you're not
25:30
like a credit junkie where you're just spending money on credit card and personal loans
25:34
for these depreciating assets. So that's definitely
25:37
shifted. You've moved some money into building assets and
25:44
My kids. I've been able to set aside over 15,000 for
25:50
For, you know, whether to grow their
25:53
investments. And so they have something for when I
25:59
Yeah. And so how do you think their attitude has changed? Cause
26:08
Sorry. The other way. Yeah. Gee, he was seven. Like the nine year old was seven and
26:12
Okay. So you've got 12 and nine. And so how do you think they're, have
26:18
Huh? You have no idea how much they've changed, especially my
26:21
youngest one. So when I went through your program and on the lessons, he
26:25
always sat in the room, not always, but the majority of the time he
26:28
sat there and he literally took notes as you were speaking and
26:33
he learned all my behaviors. He was a big spender. Soon
26:36
as he got his allowance or as soon as he got money in his hand, he had to go to the store to
26:40
Immediately all of it. Yeah, and then some well, yes what
26:44
you do when you're nine Yeah, so him
26:48
listening to you and seeing me going through the process myself
26:52
He's nine. He started his own business He
27:01
He bought his own 360 bucks go him. Yeah, nice and Yeah,
27:09
Yeah, he gave me a gift the other day. He printed
27:13
us this eagle, because we have another business with the team, which is called
27:16
Team Eagle. And so he printed this eagle and a nice other thing. So two things,
27:20
he gave us a gift. I was like, how did he do this? And he was like, he 3D printed it.
27:23
I was like. And I was wondering how he bought it. So he saved the money and
27:30
Well, now he has his little tracker where he tracks
27:34
how much his things are worth so he knows what to sell them for. When
27:38
he makes money, he replenishes it back into the business to buy more filament.
27:42
So he's got that all set up and now he's saving up to
27:51
So that's fantastic. So obviously you've had an impact on them, right?
27:55
So this is flowing through to your boys, right?
27:59
And I know that because I've spoken to it on the phone a couple of times. They come on to the call sometimes
28:04
Yeah. So that's really great. So you're setting the example at home. And
28:11
And it's even changed for my husband too because his behavior
28:15
about needing, like he's got a different aspect around buying
28:18
things. He doesn't buy things anymore. He used to, but he
28:22
only buys things if it's going to appreciate in value. So
28:26
like what I mean by that is buys something, fixes it up
28:30
Oh, so it's just more thoughtful and intelligent. If
28:35
I do this, then I can have both. I can have my thing and fix it and make
28:38
money. So instead of a win-lose, it's a win-win. Awesome.
28:42
I love it. Fantastic. And now, how did you get to Australia? How
28:46
My side hustle. How did I? I flew here.
28:55
Yeah, yeah. Swim. So you side hustle.
29:14
And so tell us a little bit about the success there, how that's
29:17
had an impact on your life. How is that? How
29:26
So again, prior to meeting you, I was in so many different network marketing
29:30
businesses, was never successful at all,
29:37
I never believed in myself that I would actually be successful in
29:40
it, but never having the roadmap, never having the
29:44
guidance, never having someone backing me up is
29:49
And now I've got the right mentorship. I've got the
29:53
right system. I've got the right, community
29:57
and since for last three years, since I started doing
30:01
this business, I've not missed a week of pay. I've
30:10
Okay, perfect. Now, I want to touch on There
30:15
was a time there where you wanted to come to
30:19
Australia because we have events here and you
30:22
want to attend an event or you wanted to come out here, right? It's on your bucket list. So
30:26
what changed in your mindset that got you here from
30:33
Whatever I earned in my business went into an account to
30:38
help me grow as a person to
30:43
Right. Cause we had a conversation and you said to me, I'd like to go to Australia. I'm like, why
30:46
don't you? And what
30:51
I don't remember what I said back, but probably along the lines is I
30:59
That conversation with you is what I earn in my business, put
31:05
Got it. So what if the money you're earning on the side
31:08
that's separate to your income, what if you just built that up to a separate account
31:12
and it paid for the $2,000 to come to Australia? Plus
31:15
a little bit of, like you can come here on the Canadian dollar and earn a little bit more because
31:19
it's more valuable than the Australian dollar. And you can stay here for like
31:26
It's not that much where I thought it was going to be a fortune to
31:29
Yes. So we, you know, it's almost like we imprison
31:33
ourselves in a story that's like, Oh, going to
31:36
Australia is a long way. It's going to be so much.
31:40
I have to have X, Y, Z before I can get
31:43
there. Right. So you probably thinking in your mind, like I have to be so
31:47
rich before I get to Australia. So when we had that conversation, I'm like, why
31:50
don't you come? And you're like, oh, how can
31:59
So diligently having a goal, which is to come to Australia, you
32:02
knew then how much it was going to cost. You're like, oh, I looked at flights. They're not $10,000. They're
32:07
like 50. Like to fly to America from Australia now, like I've been to
32:10
a state three times this year. I'm pretty sure it's $1,400. It's just not
32:16
your whole trip here was 3,000. And like, so, I mean, it's so achievable
32:21
for someone to fly all halfway around the world. And
32:24
now like today, I know you're gonna see kangaroos and koalas and
32:27
all that cool stuff. You're gonna do that today, like after this episode. And so
32:30
it's like, it's so close. But was
32:34
it a mental, was it a personal growth experience to
32:39
It was, it was a personal growth, like just to come here, to leave my
32:43
family back at home. go through those emotions and jump
32:47
on the plane. Oh my god, it's 14 and a half hours. Like, how
32:50
am I going to manage that? That's so long on a plane. So that
32:53
personal growth there and just being here is personal growth in
33:05
Yep. when you said we had
33:08
to do 10 steps in the TED talk at
33:12
Okay, so we had an event the last couple of days and there's some things to do and it was
33:15
more the aspect of speaking that was scaring a
33:18
little bit. But like any point in time with your boys, like, mum, don't go, and
33:24
Yeah, well, actually last year I wanted to come and I told my
33:27
boys, my oldest son, he started crying. He's like, you're gonna
33:36
So I decided not to go. I could have come last year, but
33:40
I decided not to because the impact on him and seeing him
33:43
cry. But this year having the conversation still,
33:48
they didn't want me to go, but they
33:53
Yeah. There you go. Okay. So you got through that.
33:57
So you got through the financial obstacle of actually it's
34:01
not that much. Actually, I will start a side hustle. Actually, I will save
34:04
some money, which you did intentionally with
34:07
the goal. And then it's the, I'm going to leave my kids and
34:15
Yeah. And then you just ignored it to do this
34:19
and now you're here. And so I just
34:23
wanted you to unpack that a little bit because I do know that we've got even three
34:26
of our other students are coming. There's a student coming in because we have a Mind & Money event
34:30
this weekend that you're here for, right? So my friend Morgan and I run this
34:33
three-day Mind & Money event. It's a breakthrough money event, right? And some
34:36
of our listeners will have been to it. If you want to come to it, just go search
34:40
Mind & Money on Google, come along, right? Yes, you've got to pay a ticket. But
34:44
so you're here for that too. And we I
34:47
know we've got like Burgess coming from Alaska. Alana is
34:51
coming from New York. And it's the same conversation. Because
34:55
it's like this. Well, I can't go there. And
34:58
I've had the same things too. Like, there was a couple of times like I was wanting
35:01
to see Warren Buffett at the Berkshire Hathaway meeting. And
35:05
I could go. But I was like, Do
35:09
I really want to get on three airplane flights and go to Omaha? Do I really want to? And
35:12
you start to kind of just imprison yourself. And then you do need
35:15
some guidance, right? So for me, it's Alicia. She's like, if you don't
35:19
go, you're going to regret this. I was like, yeah, you're right.
35:22
So sometimes you need that little bump, that encouragement. And sure enough, I
35:25
went to the Berkshire Hathaway meeting. I've always wanted to go to it. I don't know why I never went. Because
35:29
Charlie Munger died last year and I'm like, well if I don't go now, Warren's going to die. And Alicia said,
35:32
if he dies, you're going to regret it. It's a
35:35
weekend. It's like you fly 36 hours to spend four hours or
35:39
eight hours on an event and then fly home. So I know what it's like. So
35:42
that's when I see others create
35:46
these fake barriers in
35:49
their mind, like, I can't go. So the question is, well, why
35:53
Yeah, I always had that block, like, I can't go to Australia. I've got family here. What
35:57
if something happens? And all that negative self-talk just
36:01
starts. It takes over, right? Yeah. And I even got extra insurance
36:04
on my ticket just in case I had to cancel. Just in case you
36:08
die? No, just in case I had to cancel my flight to come
36:12
Oh, you're even setting up, like, just in case I've got to cancel,
36:23
But you're here, so you must have burned them a little bit in your mind. Make the
36:26
decision, move forward. Yeah. So what if you did? For our audience too,
36:29
what if you just did it? And also, I
36:33
do encounter folks who want to buy. So part
36:36
of the big dream of a lot of people financially is I want to buy a house. Now,
36:40
if you've been following me on social media, it's not always the most astute
36:44
financial decision for everybody to buy a house. Folks
36:47
do, and I get it. So my question to them is, which one are you
36:50
buying? And they go, huh? Like, which one are you buying? What do
36:54
you mean? I'm like, well, if you're going to buy a house, which one
36:57
is it? How much is it? How much is the deposit? Where are we at? Because
37:01
if there's no actual plan, it's a BS. delusional fantasy,
37:06
right? So the same with Australia. Hey Mel, when
37:09
are you coming to Australia? I'm going to come. When are you
37:12
coming? What dates? What's the flight? Which airline? What's
37:16
the price? Where are you staying? How much is it? What's
37:19
the price? And you start to build
37:23
it, which is what you did, right? Okay, well, I've got the flights and
37:26
it's only this. Wow. And I'm staying here. Wow. And
37:36
Now you're coming back. Now you're addicted to Australia. I'm coming back again.
37:39
I'm coming back again. Because once you unpack that experience and
37:43
you build that belief and you build that muscle and the files, you
37:46
can reuse it again. So it's never going to be this hard again, is it? No. Same
37:52
You've got everything set up. So now, what's life
37:56
like now? And what advice
37:59
would you give to someone who's in the old Melissa's position?
38:04
Life now is absolutely incredible. I have no
38:07
stress. I have financial peace. My
38:11
family's happy. We got freedom. We got choice. It's
38:24
Always have, but it's just at a different level now. It's like, I, I
38:29
Okay. So what are some of the things you think you're going to do now that
38:36
Travel more. Um, keep putting it
38:40
back into myself, going to events, showing
38:57
And you're also here for two events this week. So it's a busy, interesting,
39:04
So OK, great. So you want to do more experiences with them. And who doesn't,
39:08
I've never met a mom who goes, I don't want to spend less time with my kids and
39:15
But I have the ability to do it now because I've got the structure in place on
39:21
Perfect. Yeah. How to get there without being in debt. Do you think the
39:29
The biggest shift. Yeah. Cause I will not be in debt again ever.
39:33
That's a big line in the sand.
39:37
I still have one credit card but that gets paid off every month. And
39:44
Right, so you just kind of use it as a charge card, right? Build your credit rating, keep
39:51
Awesome. Fantastic. So what would your advice be to others
39:54
who are listening? Because part of the idea of bringing our students on,
39:57
and you are also a part of our team too, so you've actually facilitated and
40:01
helped. You're part of our education business team. So
40:04
you are helping a lot of people start into our programs. So you see everyone.
40:08
You see where they start, you see their breakthroughs, you see their results, right? But
40:11
part of bringing them on and you on is
40:14
to showcase real life everyday people just
40:18
doing the basics and transforming things. Because I think when
40:22
people say, oh, common sense with financing, what I think they mean is uncommon sense with financing.
40:25
Because you weren't ever taught the rules of the game. So what
40:29
would be your advice to someone who is listening? Perhaps they were
40:32
in your same situation, or they are. What's the
40:36
real juicy stuff you could give them? What
40:41
just to stop living in old habits and to
40:44
take action and that it is possible no matter where you're
40:47
at, how deep you are in debt, how deep
40:52
you are in, you know, uncontrolled finances, just to
40:55
take the first step and take action and get, get help. Because
41:00
I never would have been able to do it without your help. I
41:03
would have never been able to turn the trajectory of my finances around
41:07
without having someone there helping me through the process, someone
41:14
So take action, take action, get help to understand the steps, get
41:17
encouragement, get support, and then do it. And
41:23
overcome the fears, right? What do you
41:26
think it is that stops people, though, taking the action
41:31
I think it's the fear. The fear of the unknowing, the fear of
41:36
What do you think is the story they're telling themselves when the fear takes over?
41:46
What do you think would happen if they think it's too hard and it's too much?
41:57
Yeah. And what's the underlying, just to finish up, what's
42:01
the underlying most important trait? Because we've
42:05
had hundreds and thousands of students come through, right? And
42:09
so what have you seen is the number one trait that
42:13
they have? Because everyone starts, like people don't
42:17
want a transformation if they're already happy with where they're at.
42:21
There has to be some level of confusion, pain, like
42:24
I'm stuck and I know that, like an awareness too, now
42:28
I'm ready. But what underlying trait that all
42:31
those students have that has been the one thing that's
42:34
helped them to get to the other side, from hell to
42:38
living in paradise, you know, financial peace, from crisis to
42:42
I think it's their investing in themselves. They're
42:48
But what's the trait of the students that do and
42:52
get results compared to those that don't? What's the underlying trait? What's
42:55
the behavior trait? What's the thing that they've got that others don't? Well,
43:02
It means that they're open to receive coaching. They're open to receive
43:10
And they surrender to it. So they don't say, yeah, I already know
43:14
this. I already know that. Yeah, but, yeah, but, yeah, but, yeah. And they just, yeah, butt themselves
43:17
into a hole, right? So they're open and coachable. And
43:21
anything else that they do that you've seen, because they do that one
43:27
They draw the line in the sand, they burn the bows, they say, and that's it. But all of our
43:30
students you see, the ones that win, what do they do that others don't? What
43:33
do you say to them when they start? No matter what happens, do this one
43:42
Yeah, if you show up, you're gonna get
43:45
the result. If you show up and lean in, what's
43:51
Yeah. It's like easy not to do, easy to do. It's
43:55
like, if I don't show up, I can't get the juice. If I show up, I get the juice. And
43:58
the more you show up... the more you want to show up. This is like
44:04
Because the more you show up, the results are going to start happening, and it's
44:09
Yes, momentum. They start to get momentum. Yeah, and you see that,
44:14
Yeah, you see it in our students, but you see it probably in bodybuilding. There's
44:18
people that don't make it to the stage. There's people that don't make it to the gym.
44:22
There's people that don't make it to Australia. There's people that don't make it to the call. There's
44:25
people that don't make it. And once
44:28
they don't show up once, then the thoughtfulness and the
44:31
new story of... And it
44:35
also self-perpetuates backwards. So if
44:39
you could give our audience one piece of advice, what
44:46
Take action, show up. And then... Then
44:49
the result happens. Over time the results start to begin, yeah? And
44:53
be patient. And be patient. Because why do you say that?
44:57
Because it's not overnight success. Nothing in life is overnight success.
45:07
So when you go to the gym for the first time, did you walk out with muscles? Nope. So
45:16
You can try, but every time you go and try and make money quickly, it blows up in your face,
45:19
right? Yeah. Yeah. Excellent. Fantastic. So have you enjoyed
45:26
I didn't die. Any
45:41
Wonderful. Well, here's for our audience. Thanks for coming to the studio. You come all the way
45:44
from Canada. I'm excited about bringing you on because I love your story. It's
45:47
just so many parts to it. I'm sure you have inspired a
45:51
lot of people. other mums and
45:54
people on our show. So if you have got value from this
45:58
episode, I'd love you to share it with someone. Perhaps
46:02
you need to send it to them because they need to hear it. But
46:05
also follow Melissa. Where's the best place for people to find you and follow your
46:12
She said Instagram and Facebook. That was
46:16
my age. I was like, yes, Facebook is still our number one platform. It's also the biggest
46:19
platform still, right? I don't know if people know that. Facebook. So
46:23
Melissa Corciato, go follow her, follow her journey. She's
46:26
also on Instagram. I'm sure you'll be inspired by watching
46:29
her. You'll be able to see her hang out with kangaroos and koalas. But
46:33
watch her journey and watch her life just go to another level because she's
46:36
built the foundations in all areas of her life now, especially the
46:40
financial one, and that's why you're here. So thanks again for coming in. Good
46:46
All right. See you on the next episode of the Mega Ocean Trees Podcast. Thanks
46:50
for listening to Money Grows on Trees. If you enjoyed the episode, leave a
46:54
five-star review on Apple Podcasts and Spotify and subscribe
46:57
to us on YouTube so you never miss an episode. And if you're serious about
47:01
building wealth, make sure to check out the links in the show notes and follow me
47:04
on all social media platforms, at LloydJamesRoss for