For episode, I wanted to totally just riff on having a WEALTH MINDSET
Concepts in this podcast:
There is a big difference between WEALTH and INCOME
REVENUE/INCOME DOES NOT EQUAL WEALTH. Real wealth is measured by your NET WORTH.
Net worth = Assets - Liabilities
Define what Wealth means to you
Does wealthy mean having $100k in the bank?
Owning $500k of equity in a property?
How would you define being wealthy? It’s KEY to determine what you believe is wealthy so you can work toward something specifically (not continue to chase unattainable goals)
Expand your definition of wealth
Think that $1m is a lot? It definitely is, in some areas, but in other areas it’s not much at all!
Go to a wealthy neighborhood, look up pictures online -- surround yourself with wealth and expand what you believe is possible.
What if you wanted more? Wanting more can expand your mind and much more growth that could happen to get to that next level!
Vibe Earning vs. Saving
Wealth is all relative! My current income goal is $1m/yr of revenue, and $5m in net worth, but when I was 24, my BIGGEST goal was $100k as a salary. Expansion is the goal here -- it doesn't matter how much you make, it matters how you continue to expand to grow yourself.
