Latest / Success Story with Scott Clary / Lessons - The Wealth System That Transformed My Side Hustle Into a 7-Figure Empire | Adrian Brambila - Financial Freedom Expert
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- 0:00In this lessons episode, you'll dive into the deeper meaning of what it truly means to think
- 0:04rich, far beyond just financial wealth. You'll learn how adopting a rich mindset rooted in
- 0:09abundance, ownership, and internal control can transform how you approach business,
- 0:14relationships, and personal growth. It also challenges limiting beliefs and offers a powerful
- 0:19framework for building lasting success.
- 0:30I want to talk about just some of the lessons that are coming from the book. So when you say
- 0:35start thinking rich, we've gone in and out of some of those lessons already. But what does that
- 0:40mean to somebody who wants to read this book? What does start thinking rich mean and how they invest
- 0:45and how they live and how they build a business? Just as like a theme. I'm just going to say
- 0:50something that might be controversial. So I want to be super clear. We talk about poor people
- 0:54and rich people and actually has nothing to do with money. So I'm going to say poor people rich
- 0:58people. Poor is a way of thinking. Rich is a way of thinking. Broke is having no money. I've
- 1:05been broke. And why I didn't stay broke is going to start to think rich. Rich people do things
- 1:10differently. Successful entrepreneurs do things differently. But we can just put this in
- 1:14broad term that rich, a rich is something that you want to be. It's a way of thinking. There's
- 1:19different rules that rich people operate in that poor people don't that they don't know about.
- 1:24And people that are poor, like one terrible poor mindset that people have is rich people in order
- 1:31to accumulate grow company, you have to take advantage of other people. Or in order to make a lot
- 1:37of money, you have to be greedy. Or this one bothers me so much. When you hear of Warren Buffett
- 1:44or someone, a billionaire that donates millions and millions of dollars should an amazing cause,
- 1:49like a poor mindset would say, well, it's for tax purposes. Like they didn't really want it.
- 1:54So they're dismissing like everything it takes like like operating from rich standpoint. If you
- 2:00have these nasty thoughts about rich people and how you run your company, this is what you think,
- 2:05it's going to always on a subconscious level prevent you from growth and success. So rich is a
- 2:11mindset that you need to adopt. You need to think like this. And it's really switching from
- 2:15scarcity to a bunch. I know we talked about that a bunch already, but it's a way of thinking.
- 2:19And it applies to like, I think also relationships and health and business. And it's something you
- 2:26want to adopt. And a lot of the times the reason why we like most people aren't born rich, I wasn't
- 2:32born rich. And so we get these scripts on how the world works, how money works, how business works
- 2:38from our parents, more things we can blame our parents for. And most people don't have great
- 2:43examples of how to use money and what money means. Even if you are born rich on paper, you go
- 2:49out into the real world and you just saw your parents just you always had stuff and money just
- 2:53comes and goes. And then when it comes to managing your own money or your company's money,
- 2:57you're almost irresponsible. Like you spend money because you don't assume responsibility. So
- 3:02everyone has to work through their money scripts. But how you think like how I run my business,
- 3:09how I also run my personal finance the same. I'm conservative in this as a entrepreneur I think.
- 3:15It's wild to me that I have, you know, understanding rich, I think just put a button on it.
- 3:20There's a difference between like a rich skill set and there's also like a well skill set.
- 3:25Entrepreneurs are really great. Typically those success ones on a rich skill set, their ability to
- 3:30earn, create. But then when it comes to having that money stay and then also having that money
- 3:35make money, they're terrible at it. They're terrible at it because as an entrepreneur, we make money
- 3:41in the riskiest way. But also we have to we have to like get stomach muscles where that risk becomes
- 3:49normal. And then we lose. We forget that actually what we're doing is very risky. It just is our
- 3:54baseline. So then when it comes to like investing that money, like like money into wealth. Yeah,
- 4:00wild. Yeah. But tip like I'm always very surprised when I meet entrepreneurs and they tell me
- 4:06what they're investing in. And it's it's so risky. Like they and they lose it all. But it's because
- 4:12their baseline is so much higher. And again, a rich, a rich person, their thought is like diversification.
- 4:18Like how how they preserve their money and how it become legacy money. So again, rich way of
- 4:23thinking is totally different from I would say poor way of thinking. I actually, you know, you can
- 4:29make a lot of money and still have a poor mindset. You can make a lot of money and still be fearful
- 4:35that you're going to lose it all or take high risk or or be greedy or hate other people that made money.
- 4:44It's it's tough to get out. It's tough to move from scarcity to to abundance. I like it's it's
- 4:51tough to talk about because it seems like such like non-conquery terms like scarcity. Like what does
- 4:58that mean? Like how do you like this people want to I think when you say scarcity mindset,
- 5:06people like yes, I didn't I didn't have a lot growing up and now I'm making some money,
- 5:10but I still can't shake those beliefs in my that my parents had that probably are sort of things
- 5:17that have been instilled in me. And I think that it's tough to talk about those two terms because
- 5:22people don't have a very clear way of changing their mindset from scarcity to abundance. Like what's
- 5:29the point? And I don't think if you don't have a maybe you do have a idea or or advice for people,
- 5:36but I don't know how or why some people are always so angry with money and the concept of money
- 5:43and making money and people will look at somebody like they're almost like just the look at the
- 5:47world through this pessimistic lens. I don't know why they do I don't know why that is, but say
- 5:54somebody doesn't want to look at the world that way or they want to have a healthy relationship
- 5:58with money. What's the what's the what's the way they achieve that? What's the the path they can go
- 6:03on the tactics, the framework because I couldn't tell someone hey just switch from scarcity to
- 6:09abundance and you know you do these five things a day and don't worry you're going to have a
- 6:14healthier relationship with money. I don't have that that path, but I do know that there's people
- 6:18that are definitely in camp one and camp two. Yeah, I there is a framework that it's in psychology,
- 6:26we successful people, they have an internal locus of control. And what that means is this is
- 6:32something you could put on literally right now as a framework and how you operate and think about
- 6:37the world. Do you believe right now that most of what's happening to you is because of you and
- 6:42do you also feel or believe that you have the ability and control to change it, change your
- 6:47circumstance for better for worse. That is what we define as internal locus control. I can change,
- 6:53I have the ability to make change. So if you are operating in a world where you have an external
- 6:58locus of control, then then everything else is happening to you. You can't be you can't create
- 7:05success because whoever is who whoever is the president. Or if you're at a nine to five,
- 7:10like, I can't make six figures because my boss, you're you're always pointing externally. So I
- 7:15think how you view the world is it is the first step into making sure all the tactics are executed
- 7:22and and and you're consistent. You have discipline all that stuff. To me, the tactics like I assume
- 7:29most people actually know the tactics, but this internal psychology is what prevents them from
- 7:35consistently executing them or or giving up when they get started is because of first how they
- 7:40view the world. Do you have an internal or external locus of control when you look at your own journey.
- 7:44What was the what was the moment when that pivoted for you when you felt like okay,
- 7:50the world is not something that happens to me. It's something that did something I can influence.
- 7:55I by the way, I love that concept. That's actually so one of the first interviews that I ever did
- 8:01when I did not know this concept and I and I didn't really understand the difference between
- 8:05internal and external locus of control was with Anthony Scaremucci who was ironically Trump's
- 8:12like director of communications for like 12 days, something like that. And then they got into
- 8:16like a fight when his first presidency. And then he quit. Many ways, he's a big he's a big finance guy.
- 8:23And and I think I asked him again, this was like very early on. So these were not like for
- 8:29find questions. And I was like, what makes you so confident in your day to day something long or
- 8:33what or what makes you so sure that you was there ever a point when you were sure you could be
- 8:38successful. And he's like, well, there wasn't like one point. But if I go back to if I if I lost
- 8:46everything and all I had was my apartment in Brooklyn and like the shirt on my back and no
- 8:52relationships, no money, he's like, I with a hundred cents or any could do it again. And he was
- 8:56describing that concept like exploit like that was what he was describing. He didn't say it. He
- 9:00didn't say locus of control, but he was describing that concept. And that was one of the most
- 9:05that was a very eye opening lesson for him. Like yeah, that makes a lot of sense. Like you can't
- 9:10impact the things you can impact your outcome. You can have agency. You can have like extreme
- 9:15ownership. Was there was there a moment in your career when you felt that switch or in your life,
- 9:22so this is I think a blessing of growing up in my with my my parents. So my dad immigrated here
- 9:29when he was 13, which really means my grandma is the one that brought us here. My dad my dad's dad
- 9:33was murdered when he was like five years old. So my parent my dad and my grandma they they face
- 9:39like tragedy and adversity that I'll never face and they face the worst kinds. But when I was raised,
- 9:46I had I was raised with the belief that we left the bad place. It was Mexico like like dangerous
- 9:51Mexico. And we came to the good place, which was the USA. Now, whether you agree or disagree with
- 9:57this, this is a mindset shift. And the belief that I was that I was given was like here in this
- 10:03country, we can make change. We left the place where we could not. And so now it's up to us. And
- 10:09that's something like my parents always instills me. If I want to I can actually make it happen. I
- 10:14can work hard again, work hard and sacrifice. These are these are things I had to work through.
- 10:18Not everything was amazing. But I I I never had the belief that that the world or the system
- 10:26was rigged and I we weren't going to make it. We immigrated here. So we could make it. And so
- 10:31this is I think I'm not an immigrant. I was born here, but I have an immigrant mindset that I can
- 10:36make it make it here. And you don't have to be an immigrant to adopt an immigrant mindset. Why
- 10:41do people come to the USA to try to make it happen? The American dream is still alive. Like my
- 10:46parents are example. I'm an example. And it's a belief set that you have is the is the system
- 10:51perfect in America? No. But again, where where's your focus of control? Am I going to I'm not a
- 10:56politician? So I don't try to focus on changing the system. And right now is is an election, you
- 11:02know, it was election year and like politics are super hot. And I think a lot of people waste time.
- 11:07If you're a politician, it makes sense to spend hours and hours each day keeping up on all the
- 11:10policy changes and stuff like that. But if you're if you're not again, are you happy with your
- 11:14circumstance? Do you believe you can make it happen? And and here in this country, we can make
- 11:19it happen. And that's why, you know, people are here and my family tree is like we we now are
- 11:24the most successful we ever been since moving here. You know, it's something that I've thought about a
- 11:28lot because obviously it's on Canadian. And I'm living through like a US elections, right? And a
- 11:33lot of a lot of animosity and anger and anxiety. And I think that a lot of that is people focusing
- 11:41on the wrong thing like you mentioned, right? I would hope that everybody in this audience
- 11:46because I fully believe this. It doesn't matter who is in office. You have the ability to figure out
- 11:53how you want your life to end up. And yeah, maybe there's there's and it's so interesting because
- 12:00even growing up, I think Canadians look at politics a lot differently than Americans. So Canadians,
- 12:06I remember growing up, my parents would vote for who was best for the municipal government. And
- 12:14then I guess state would be would be provincial and then federal and they weren't always politically
- 12:19aligned. So you could have like a left leaning municipal leader who was, you know, committing to
- 12:23putting X amount of dollars into fixing roads and infrastructure. And then you could have a
- 12:27right leaning maybe federal like at a federal level. And it was really about it was really about
- 12:34who's going to be best for our day to day life. And I think that what I've seen is I see that
- 12:42people skew all the way one way or all the all the way the other way. And they just all the way
- 12:46down. They vote one way or the other way, which I don't actually think is the right way to vote.
- 12:49I think you should actually vote for the people that are going to best serve you. But
- 12:53regardless of that, I think that I think that most people in this in this audience, I would hope
- 12:59understand that no one's going to serve you as well as you're going to serve yourself and your
- 13:04own family. It doesn't matter how aligned people are, you do have to take responsibility for
- 13:10for your own happiness while you're on this earth. And I think that it's a great and empowering
- 13:16and scary fundamental shift all at the same time. But when you lean into it, it's so freeing.
- 13:23It's so freeing because it doesn't matter who's in the White House. I'm going to figure out my
- 13:26business. Okay. Fine. You know what? Taxes are not as great or taxes are better or whatever.
- 13:31I want to move to this state or that state or red state or blue state. But at the end of the day,
- 13:36I'm going to take accountability for and you know what? There's a lot of there's a lot of people
- 13:39that are struggling in red states. A lot of people that are struggling in blue state. A lot of people
- 13:44that are rich as hell in red and blue state. So I mean, at the end of the day, you can you can have
- 13:50your politics and you can have your preference one part or the other. But your day to day
- 13:56life is going to be entirely dictated. Maybe 99% of it is going to be dictated by your own actions,
- 14:02not by the actions of a government. And I mean, it's a very empowering idea. Anyway, so it's true.
- 14:08I believe it. One of the chapters of her book is actually your political party doesn't give a
- 14:13shit about you. Oh, is that it's it's it's worth it. It's solely aligned. It's solely aligned. Like
- 14:17it doesn't matter who's in office. If they actually did have the power to control our life in full
- 14:24and some governments have in our history, their idea of what what how our lives should be is never
- 14:30what you would want. It's scary. So you like we live in a world today where you you have the ability
- 14:36to change. And again, it comes down to internal versus external locks control, whatever the government
- 14:41does, it's not going to affect me. That's again, I'm saying that as a mindset, not like if they
- 14:46if they can at least in this free world. Thanks for tuning in. If you found this valuable,
- 14:50don't forget to hit that subscribe button so you never miss an episode. And if you want to dive
- 14:54deeper into this conversation, check out the links in the description to watch the full episode.
- 14:59See you in the next one.