512K
Downloads
659
Episodes
Uncovering the Success Strategies and Mindset of the Top 1% so You can Amplify and Transform Your Life and Business.
Episodes
Sunday Aug 20, 2023
Sunday Aug 20, 2023
Welcome back to Making Bank. On today’s episode, we have a compilation of previous episodes with Dr. Noah St. John, Brett Berish, Bob Moesta, Cameron Herold, Rudy Mawer, Kyle Mcdowell & John Livesay and in this episode you will hear tips and tricks from top entrepreneurs about how to successfully shape your business for growth and success.
(1:29) Dr. Noah St. John
Your business’s success story highly depends on these three main things. What do you offer? If you don't have the right offer, nothing else matters. The next thing is you need the right funnels, which is how you sell it. And lastly you need the traffic, which is getting your offer and your funnel in front of the right people that you know will give you money.
(4:34) Brett Berish
You have to have a little bit of everything and work really hard in order for your business to excel. The reason being is that sometimes you may offer the best service or have the best looking product to sell but if your marketing is bad, it won’t do you much good. Or it’s the other way around. You have good marketing but your product has nothing to offer. It’s important to have a little bit of everything.
(7:46) Bob Moesta
People don't buy products. They hire them to do a job in their life. So figure out what the job is then you can design the product .Focus on the demand side, where people want to make progress, but can't. And after you know this it becomes relatively easy to pull the technology together. Always understand the demand first and then figure out how to shape a product to fit demand.
(11:01) Cameron Herold
When your business grows, the people around the company need to grow as well. You will need to start hiring people for different roles and responsibilities. This method can be done using the ones and threes. You go from one to three, from three to ten, ten to thirty and thirty to a hundred. At every stage of the company, you need to invest in people. The more you grow their skills, the more they grow their confidence, the more they'll grow the company for you.
(14:25) Rudy Mawer
Many people experience burnouts in their business journey. A burnout is when you lose a bit of the vision or the path forward or the future. A huge part of it is also physical, however the more progress you make, the more work you will have to do so you need to keep working on your vision because that is the one thing that is going to keep pushing you even when your workload increases. ‘
(17:27) Kyle McDowell
Think like the founder and you’ll recognize many opportunities for improvement. If you see someone's not pulling their own weight or they're phoning it in, as a founder you are not going to stand for that. So if you think like the founder, you take on ownership, which may be an uncomfortable word for a lot of people, however it is very important if you want to be successful and lead a team and a culture of excellence.
(23:57) John Livesay
You have to be your own lifeguard. No one is going to come help you if you are in trouble. You cannot expect people to drop everything they have on their own plate to come save you. You have to pull yourself through.Get educated, learn things, learn from mistakes, improve yourself. Do whatever it is you need to do in order for you to be able to save yourself in case you ever land yourself in trouble.
Links:
@noahstjohn
@brettberishceo
@bmoesta
@cameron_herold_cooalliance
@rudymawerlife
@kylemcdowellinc
@thepitchwhisperer
Sunday Aug 20, 2023
Sunday Aug 20, 2023
Welcome back to Making Bank. On today’s episode, we have a compilation of previous episodes with Dr. Noah St. John, Brett Berish, Bob Moesta, Cameron Herold, Rudy Mawer, Kyle Mcdowell & John Livesay and in this episode you will hear tips and tricks from top entrepreneurs about how to successfully shape your business for growth and success.
(2:41) Dr. Noah St. John
Your business’s success story highly depends on these three main things. What do you offer? If you don't have the right offer, nothing else matters. The next thing is you need the right funnels, which is how you sell it. And lastly you need the traffic, which is getting your offer and your funnel in front of the right people that you know will give you money.
(5:46) Brett Berish
You have to have a little bit of everything and work really hard in order for your business to excel. The reason being is that sometimes you may offer the best service or have the best looking product to sell but if your marketing is bad, it won’t do you much good. Or it’s the other way around. You have good marketing but your product has nothing to offer. It’s important to have a little bit of everything.
(8:58) Bob Moesta
People don't buy products. They hire them to do a job in their life. So figure out what the job is then you can design the product .Focus on the demand side, where people want to make progress, but can't. And after you know this it becomes relatively easy to pull the technology together. Always understand the demand first and then figure out how to shape a product to fit demand.
(12:13) Cameron Herold
When your business grows, the people around the company need to grow as well. You will need to start hiring people for different roles and responsibilities. This method can be done using the ones and threes. You go from one to three, from three to ten, ten to thirty and thirty to a hundred. At every stage of the company, you need to invest in people. The more you grow their skills, the more they grow their confidence, the more they'll grow the company for you.
(15:37) Rudy Mawer
Many people experience burnouts in their business journey. A burnout is when you lose a bit of the vision or the path forward or the future. A huge part of it is also physical, however the more progress you make, the more work you will have to do so you need to keep working on your vision because that is the one thing that is going to keep pushing you even when your workload increases. ‘
(18:39) Kyle McDowell
Think like the founder and you’ll recognize many opportunities for improvement. If you see someone's not pulling their own weight or they're phoning it in, as a founder you are not going to stand for that. So if you think like the founder, you take on ownership, which may be an uncomfortable word for a lot of people, however it is very important if you want to be successful and lead a team and a culture of excellence.
(25:09) John Livesay
You have to be your own lifeguard. No one is going to come help you if you are in trouble. You cannot expect people to drop everything they have on their own plate to come save you. You have to pull yourself through.Get educated, learn things, learn from mistakes, improve yourself. Do whatever it is you need to do in order for you to be able to save yourself in case you ever land yourself in trouble.
Links:
@noahstjohn
@brettberishceo
@bmoesta
@cameron_herold_cooalliance
@rudymawerlife
@kylemcdowellinc
@thepitchwhisperer
Sunday Aug 13, 2023
Sunday Aug 13, 2023
Welcome back to Making Bank. On today’s episode, we have a compilation of previous episodes with Jonathan Jay, Roland Fraiser, KC Chohan, Trevor Blake, Andre Swanston, Ross Hamilton & Antonio Garrido and in this episode you will hear tips and tricks from top entrepreneurs about how to successfully buy or sell a business.
Do not miss this compilation episode of the Best Of Making Bank Series.
(0:54) Jonathan Jay
The majority of businesses don't succeed past the first five years, so the best approach is to look for a business that's been running for at least five years that makes solid, reliable profits every single month and then once you've got the business, it will continue to make solid, reliable profits month after month for you.
(5:41) Roland Fraiser
The best way to identify which business to get into is by using what is known as the acquisition wheel and this wheel consists of seven categories. They are competitors, media, resources, products, services, monthly recurring or annual recurring companies, suppliers, distributors, and ip. Now you need to know who are the primary companies that fit that description.
(13:55) KC Chohan
You can save a lot on tax by changing the ownership structure of everything. So when the company is owned by the trust ahead of the sale, when the sale happens, the trust will receive those funds and that saves you all the taxes unless you make a distribution. If you distribute those funds to a beneficiary, they are taxable.
(15:54) Trevor Blake
In this new world, you have to rely really on your intuition more than you ever had to before. Develop a strong connection to your intuition so that you can make instantaneous decisions that you feel are right, even though the world might be saying otherwise. This is because you do not have time to always ask for help for everything. You have to react really quickly and for that you need strong intuition.
(19:29) Andre Swanston
The value of multi-year contracts was exponentially more in terms of the multiple you could get on revenue as opposed to one-off contracts. And so in terms of preparing to raise another round, you should note that 50 cents of a multi-year contract was worth 2$ to $3 of a one-time expense. So there are different ways that you have to think about growing it and valuation.
(21:30) Ross Hamilton
There’s a huge change when you remove the word problem and change it with the word project. So now you don't have a problem. You have a project and this mental shift in how you view problems will really help solve a lot of other things that may hinder your business into either growing or even when you want to buy or sell one.
(27:00) Antonio Garrido
Leaders with a mindset of abundance as compared to scarcity tend to have a higher success rate. Think about what you're grateful for. You are in a tremendously blessed situation. Ask people how you can help and don't accept an “Everything's good” answer. Keep pushing and once they give you an answer, start following up on your commitments.
Links:
@jonathanjay
@exitpathroland
@thetaxbloke
@trevorblake
@dreswan06
@antoniogarrido
@connectedinvestor
Sunday Aug 13, 2023
Sunday Aug 13, 2023
Welcome back to Making Bank. On today’s episode, we have a compilation of previous episodes with Jonathan Jay, Roland Fraiser, KC Chohan, Trevor Blake, Andre Swanston, Ross Hamilton & Antonio Garrido and in this episode you will hear tips and tricks from top entrepreneurs about how to successfully buy or sell a business.
Do not miss this compilation episode of the Best Of Making Bank Series.
(2:10) Jonathan Jay
The majority of businesses don't succeed past the first five years, so the best approach is to look for a business that's been running for at least five years that makes solid, reliable profits every single month and then once you've got the business, it will continue to make solid, reliable profits month after month for you.
(6:57) Roland Fraiser
The best way to identify which business to get into is by using what is known as the acquisition wheel and this wheel consists of seven categories. They are competitors, media, resources, products, services, monthly recurring or annual recurring companies, suppliers, distributors, and ip. Now you need to know who are the primary companies that fit that description.
(15:11) KC Chohan
You can save a lot on tax by changing the ownership structure of everything. So when the company is owned by the trust ahead of the sale, when the sale happens, the trust will receive those funds and that saves you all the taxes unless you make a distribution. If you distribute those funds to a beneficiary, they are taxable.
(17:11) Trevor Blake
In this new world, you have to rely really on your intuition more than you ever had to before. Develop a strong connection to your intuition so that you can make instantaneous decisions that you feel are right, even though the world might be saying otherwise. This is because you do not have time to always ask for help for everything. You have to react really quickly and for that you need strong intuition.
(20:46) Andre Swanston
The value of multi-year contracts was exponentially more in terms of the multiple you could get on revenue as opposed to one-off contracts. And so in terms of preparing to raise another round, you should note that 50 cents of a multi-year contract was worth 2$ to $3 of a one-time expense. So there are different ways that you have to think about growing it and valuation.
(22:47) Ross Hamilton
There’s a huge change when you remove the word problem and change it with the word project. So now you don't have a problem. You have a project and this mental shift in how you view problems will really help solve a lot of other things that may hinder your business into either growing or even when you want to buy or sell one.
(28:16) Antonio Garrido
Leaders with a mindset of abundance as compared to scarcity tend to have a higher success rate. Think about what you're grateful for. You are in a tremendously blessed situation. Ask people how you can help and don't accept an “Everything's good” answer. Keep pushing and once they give you an answer, start following up on your commitments.
Links:
@jonathanjay
@exitpathroland
@thetaxbloke
@trevorblake
@dreswan06
@antoniogarrido
@connectedinvestor
Sunday Aug 06, 2023
Sunday Aug 06, 2023
Welcome back to Making Bank. On today’s episode, we have a compilation of previous episodes with David Nurse, Brian Will, Pace Morby, Matt Smith, Gary Brecka, Brad Barrett and Ross Hamilton and in this episode you will hear tips and tricks from top entrepreneurs that will ensure you great success.
Do not miss this compilation episode of the Best Of Making Bank Series.
(1:43) David Nurse
If your morning routine becomes something that you have to do or the rest of your day is ruined if you don't, then you're losing the battle to that morning routine. It should just be like a supplement. It should be like a boost. That morning routine can help you, but you should not depend on it.
(4:04) Brian Will
Who you are can get you to where you are. But if you want to go someplace else, then you're going to have to change who you are. And you need to make a conscious decision, not an emotional one. And that conscious decision is to recognize the fact that you can't get to the next level alone and you need to bring somebody in who's going to help you do that.
(7:30) Pace Morby
Don't partner with anybody remotely close to your own personality style. Let people who are different from you handle your business so you can focus on other things. Secondly, never exchange time for money. Instead use your resources to be able to exchange your money for time because nothing is more precious than your time.
(18:16) Matt Smith
Mentorship is absolutely a cheat code and anybody that's too stubborn to think that they can't learn from somebody else doesn't deserve to be an entrepreneur. You can't do much on your own and, and get whatever will help you out there and be willing to help others too. It's part of the journey.
(22:30) Gary Brecka
The same process that governs a fight or flight response in human beings governs the waking in our minds. It's called catecholamines.This is a category of neurotransmitters that create a sense of wakefulness and if you can't down regulate those catecholamines, your environment will quiet and your mind will wake up.
(25:56) Brad Barrett
Discipline is always better than motivation. It’s important that you put some tools in place to help you in your business because it is very easy to get motivated for a time being but it takes discipline to actually commit to whatever plan you had going. So the best way to do this is by having a co-pilot. Learn to have a partner so they can be the strength to your weaknesses and help you be disciplined.
(29:51) Ross Hamilton
Instead of figuring out so many processes for success, sometimes you just need to look in the mirror and examine your habits, where you’re spending your time, your morning and evening routines. Getting your morning right and your evening right, the start and end of your day, can really add up to get you anywhere you want to be.
Links:
@davidnursenba
@thedropoutmm
@pacemorby
@mattsmithpueblo
@garybrecka
@brad.barrett
@connectedinvestor
Sunday Aug 06, 2023
Sunday Aug 06, 2023
Welcome back to Making Bank. On today’s episode, we have a compilation of previous episodes with David Nurse, Brian Will, Pace Morby, Matt Smith, Gary Brecka, Brad Barrett and Ross Hamilton and in this episode you will hear tips and tricks from top entrepreneurs that will ensure you great success.
Do not miss this compilation episode of the Best Of Making Bank Series.
(3:04) David Nurse
If your morning routine becomes something that you have to do or the rest of your day is ruined if you don't, then you're losing the battle to that morning routine. It should just be like a supplement. It should be like a boost. That morning routine can help you, but you should not depend on it.
(5:35) Brian Will
Who you are can get you to where you are. But if you want to go someplace else, then you're going to have to change who you are. And you need to make a conscious decision, not an emotional one. And that conscious decision is to recognize the fact that you can't get to the next level alone and you need to bring somebody in who's going to help you do that.
(8:52) Pace Morby
Don't partner with anybody remotely close to your own personality style. Let people who are different from you handle your business so you can focus on other things. Secondly, never exchange time for money. Instead use your resources to be able to exchange your money for time because nothing is more precious than your time.
(19:33) Matt Smith
Mentorship is absolutely a cheat code and anybody that's too stubborn to think that they can't learn from somebody else doesn't deserve to be an entrepreneur. You can't do much on your own and, and get whatever will help you out there and be willing to help others too. It's part of the journey.
(24:02) Gary Brecka
The same process that governs a fight or flight response in human beings governs the waking in our minds. It's called catecholamines.This is a category of neurotransmitters that create a sense of wakefulness and if you can't down regulate those catecholamines, your environment will quiet and your mind will wake up.
(27:20) Brad Barrett
Discipline is always better than motivation. It’s important that you put some tools in place to help you in your business because it is very easy to get motivated for a time being but it takes discipline to actually commit to whatever plan you had going. So the best way to do this is by having a co-pilot. Learn to have a partner so they can be the strength to your weaknesses and help you be disciplined.
(31:22) Ross Hamilton
Instead of figuring out so many processes for success, sometimes you just need to look in the mirror and examine your habits, where you’re spending your time, your morning and evening routines. Getting your morning right and your evening right, the start and end of your day, can really add up to get you anywhere you want to be.
Links:
@davidnursenba
@thedropoutmm
@pacemorby
@mattsmithpueblo
@garybrecka
@brad.barrett
@connectedinvestor
Sunday Jul 30, 2023
Sunday Jul 30, 2023
Welcome back to Making Bank. On today's episode, we have Ross Hamilton who is a highly successful entrepreneur, investor, and marketer, and best known for building, scaling, and selling connected investors to First American titles.
In his early years, Ross's passion for BMX led him to train under the legendary, Dave Mira, until an injury ended his BMX career. He then turned his focus on real estate making his first million in his early twenties. Now Ross used the profits from his flips to see the development of connected investors, the social network and investment property marketplace for real estate investors and private lenders.
Don’t miss this episode of Ross Hamilton in Making bank.
(3:27) Background
Ross started his career as a BMX rider and he trained under Dave Mira. He even found his own BMX clothing brand and he would drive around his Van sponsoring other riders. He then got injured and had to stop, so he turned to books to try to understand how to make a living. He then found out that most entrepreneurs do it through Real Estate and that was what kick started his business career.
(7:40) Real Estate Challenges
The biggest challenges in Real Estate investing, can be clubbed into two questions. “Where do I get the money and where do I get the deals?” But the good thing is you can solve this with one answer because if you have a good deal, money is never an issue. But if you have a bad deal then it’ll be hard to get money.
(9:22) Connected Investors
In real estate, the more people you are connected with, the more money you could make. Find an event and go to it. Show up and something good might happen. It’s important to find a group or community that does similar businesses who may have more experience so you can eventually learn more from it too.
(12:25) Ultimate Mind Hack
A great hack for anyone who is into Real estate investing or any other business, is to take what you think is holding you back and then try to turn that into your biggest strength. Also, make sure you write down every step you take along your journey as an entrepreneur because then you will get to see not only your progress, but also flaws which you can then work on to become better.
(15:12) Growing A Business
When you grow and scale a company, your greatest strength as a founder can become a weakness of an organization because you didn't do a good job building a team of people around you that can do the skill sets that you were really good at. So make sure you take the time to train people so you have a good support system otherwise your superpower can become their weakness.
(19:26) Selling A Business
When you sell a business, there will always be challenges because now you are venturing into new territories. But one great mind trick you can do is change the word problem to project. Now you have a project instead of a problem and this shift in mindset will really help you be more positive and help you overcome more challenges that you will face.
(25:27) Habits For Success
Instead of figuring out so many processes for success, sometimes you just need to look in the mirror and examine your habits, where you’re spending your time, your morning and evening routines. Getting your morning right and your evening right, the start and end of your day, can really add up to get you anywhere you want to be.
Links:
Twitter: @cinvestors
Instagram: @connectedinvestors
Sunday Jul 30, 2023
Sunday Jul 30, 2023
Welcome back to Making Bank. On today's episode, we have Ross Hamilton who is a highly successful entrepreneur, investor, and marketer, and best known for building, scaling, and selling connected investors to First American titles.
In his early years, Ross's passion for BMX led him to train under the legendary, Dave Mira, until an injury ended his BMX career. He then turned his focus on real estate making his first million in his early twenties. Now Ross used the profits from his flips to see the development of connected investors, the social network and investment property marketplace for real estate investors and private lenders.
Don’t miss this episode of Ross Hamilton in Making bank.
(4:36) Background
Ross started his career as a BMX rider and he trained under Dave Mira. He even found his own BMX clothing brand and he would drive around his Van sponsoring other riders. He then got injured and had to stop, so he turned to books to try to understand how to make a living. He then found out that most entrepreneurs do it through Real Estate and that was what kick started his business career.
(8:50) Real Estate Challenges
The biggest challenges in Real Estate investing, can be clubbed into two questions. “Where do I get the money and where do I get the deals?” But the good thing is you can solve this with one answer because if you have a good deal, money is never an issue. But if you have a bad deal then it’ll be hard to get money.
(10:32) Connected Investors
In real estate, the more people you are connected with, the more money you could make. Find an event and go to it. Show up and something good might happen. It’s important to find a group or community that does similar businesses who may have more experience so you can eventually learn more from it too.
(13:34) Ultimate Mind Hack
A great hack for anyone who is into Real estate investing or any other business, is to take what you think is holding you back and then try to turn that into your biggest strength. Also, make sure you write down every step you take along your journey as an entrepreneur because then you will get to see not only your progress, but also flaws which you can then work on to become better.
(16:22) Growing A Business
When you grow and scale a company, your greatest strength as a founder can become a weakness of an organization because you didn't do a good job building a team of people around you that can do the skill sets that you were really good at. So make sure you take the time to train people so you have a good support system otherwise your superpower can become their weakness.
(20:35) Selling A Business
When you sell a business, there will always be challenges because now you are venturing into new territories. But one great mind trick you can do is change the word problem to project. Now you have a project instead of a problem and this shift in mindset will really help you be more positive and help you overcome more challenges that you will face.
(26:36) Habits For Success
Instead of figuring out so many processes for success, sometimes you just need to look in the mirror and examine your habits, where you’re spending your time, your morning and evening routines. Getting your morning right and your evening right, the start and end of your day, can really add up to get you anywhere you want to be.
Links:
Twitter: @cinvestors
Instagram: @connectedinvestors
Saturday Jul 22, 2023
Saturday Jul 22, 2023
Welcome back to Making Bank. On today's episode, we have Brad Barrett, who is the Managing Director of Partner at One Capital Management, a private wealth advisory firm managing over 5 billion in assets with nearly over 20 years of experience in the financial service industry.
He is passionate about finding new ways to educate investors. He's having the heart of a teacher. He shares his knowledge and his experience through his weekly YouTube podcast and radio show, Make Your Money Matter. His show aims to change the way people think about financial advice so they can make better decisions with their money.
Don’t miss this episode of Making Bank, with Brad Berrett.
(2:18) Background
Brad had early experience of a failure of a company through his father and this became the reason he vowed himself to learn everything there is to learn about money so he will not make the same mistakes. He started his practice as an advisor when he was in college, getting his economics degree and then he joined One Capital Management.
(4:35) How To Look At Money
Psychology is one of the things that plays into how we look at money. If you're in a business there are two Ds that are very important. Discipline and Discernment. If you hold these true, you'll be fine and try not to look over the fence too much. Comparison is the thief of joy. You don't want to get trapped up in those kinds of mental constraints.
(6:56) Creating Vs Consuming
Successful people are more interested in the process rather than the end product. However, most of us usually do something in order to have the ability to then consume something which is not wrong, but if you can fall in love with the process rather than just concentrating on the ultimate goal, you will soon find yourself to be more successful than you were with the previous ideology.
(10:45) What To Invest In
Emotions play a lot in this, but be careful what the mind tells you. The mind's telling you that the market is going down, so you need to fear. There's definitely some positions that have come down that likely aren't fundamentally true. it could be anything. A good advisor is going to look and find under the hood, because some of the positions that are down, but aren't down are good buys because there are those.
(15:10) Money And Emotions
Emotions play a huge role in anything where money is involved. So, if you're feeling down about something you've got in your life, a concept or a topic about money will likely coerce you into making decisions that you wouldn't have normally done before. And this happens in the form of buying an investment that we haven't really researched, or pulling out of a market because of fear that's setting in.
(19:29) Discipline
Discipline is always better than motivation. It’s important that you put some tools in place to help you in your business because it is very easy to get motivated for a time being but it takes discipline to actually commit to whatever plan you had going. So the best way to do this is by having a co-pilot. Learn to have a partner so they can be the strength to your weaknesses and help you be disciplined.
(23:40) Planning
Learn to plan ahead of time. Especially for situations you do not know. Because in business, anything can happen. It is always unpredictable and uncertain. So, in order to escape a complete failure, always be prepared for whatever that will come your way. Plan ahead of time so that you can be ready for any crisis that may fall on your business.
(25:50) Wrong & Right Ways To Invest
The wrong way to invest is without doing your research, without doing your due diligence, without talking with someone about it. The right way to invest is having discipline. Don’t have a motivational crash. Make sure you recognize the difference between discipline and motivation. Anyone can be motivated but only those who are disciplined will make it stick.
(27:49) Recession
Recession is there whether or not people believe in it. The point is, invest through it. Stay disciplined, dollar cost average, where you can live within your means and you'll be fine.
Links:
https://linktr.ee/makeyourmoneymatter
Instagram: @makeyourmoneymatter @brad.barrett
Saturday Jul 22, 2023
Saturday Jul 22, 2023
Welcome back to Making Bank. On today's episode, we have Brad Barrett, who is the Managing Director of Partner at One Capital Management, a private wealth advisory firm managing over 5 billion in assets with nearly over 20 years of experience in the financial service industry.
He is passionate about finding new ways to educate investors. He's having the heart of a teacher. He shares his knowledge and his experience through his weekly YouTube podcast and radio show, Make Your Money Matter. His show aims to change the way people think about financial advice so they can make better decisions with their money.
Don’t miss this episode of Making Bank, with Brad Berrett.
(3:11) Background
Brad had early experience of a failure of a company through his father and this became the reason he vowed himself to learn everything there is to learn about money so he will not make the same mistakes. He started his practice as an advisor when he was in college, getting his economics degree and then he joined One Capital Management.
(5:28) How To Look At Money
Psychology is one of the things that plays into how we look at money. If you're in a business there are two Ds that are very important. Discipline and Discernment. If you hold these true, you'll be fine and try not to look over the fence too much. Comparison is the thief of joy. You don't want to get trapped up in those kinds of mental constraints.
(7:49) Creating Vs Consuming
Successful people are more interested in the process rather than the end product. However, most of us usually do something in order to have the ability to then consume something which is not wrong, but if you can fall in love with the process rather than just concentrating on the ultimate goal, you will soon find yourself to be more successful than you were with the previous ideology.
(11:37) What To Invest In
Emotions play a lot in this, but be careful what the mind tells you. The mind's telling you that the market is going down, so you need to fear. There's definitely some positions that have come down that likely aren't fundamentally true. it could be anything. A good advisor is going to look and find under the hood, because some of the positions that are down, but aren't down are good buys because there are those.
(16:03) Money And Emotions
Emotions play a huge role in anything where money is involved. So, if you're feeling down about something you've got in your life, a concept or a topic about money will likely coerce you into making decisions that you wouldn't have normally done before. And this happens in the form of buying an investment that we haven't really researched, or pulling out of a market because of fear that's setting in.
(20:22) Discipline
Discipline is always better than motivation. It’s important that you put some tools in place to help you in your business because it is very easy to get motivated for a time being but it takes discipline to actually commit to whatever plan you had going. So the best way to do this is by having a co-pilot. Learn to have a partner so they can be the strength to your weaknesses and help you be disciplined.
(24:32) Planning
Learn to plan ahead of time. Especially for situations you do not know. Because in business, anything can happen. It is always unpredictable and uncertain. So, in order to escape a complete failure, always be prepared for whatever that will come your way. Plan ahead of time so that you can be ready for any crisis that may fall on your business.
(26:44) Wrong & Right Ways To Invest
The wrong way to invest is without doing your research, without doing your due diligence, without talking with someone about it. The right way to invest is having discipline. Don’t have a motivational crash. Make sure you recognize the difference between discipline and motivation. Anyone can be motivated but only those who are disciplined will make it stick.
(28:42) Recession
Recession is there whether or not people believe in it. The point is, invest through it. Stay disciplined, dollar cost average, where you can live within your means and you'll be fine.
Links:
https://linktr.ee/makeyourmoneymatter
Instagram: @makeyourmoneymatter @brad.barrett