Build IRONCLAD discipline in this FREE workshop: 🤍bit.ly/3RFH0Vh On Today's Episode: Money allows you to cover your basic needs and it also gives you the ability to have new experiences and do really cool sh*t. No it doesn’t buy happiness, but not having the money you need to cover basics in life can make you feel really miserable. In this money talk with Tom, we’re going to look at habits you have around money, both good and bad, and we’re going to help you find the path forward to what your version of financial success looks like. Your money habits, what you focus on, the story you have around money and your financial literacy are all important factors. Let’s get you in the right mindset to: Break away from the Time for Money tradeoff we’ve adopted Start seeing money as potential to solve problems that allow you to earn more Build habits that allow you to grow wealth SHOW NOTES: 0:00 | Introduction to Money Talk 0:21 | Money The Great Facilitator 9:13 | Master the Game of Money 17:19 | Break Habits That Keep You Broke 35:17 | Adopt These Habits of the Wealthy 49:32 | Chasing Money for Happiness QUOTES: “Money is the great facilitator. Money doesn’t say anything about who you are as a person. It doesn’t mean that you’re good, it doesn’t mean that you are bad.” [0:32] “Learn about money, master the game, so that you can play it very well.” [12:40] “Money is not going to solve anything but money problems.” [16:58] “Most people live paycheck to paycheck, even people that are making six-figures live paycheck to paycheck.” [17:56] “If you’re not investing you’re going to be getting eaten alive by inflation.” [20:04] “People are spending all of their money. Debt habit number one, you’re spending all of your money on liabilities and not assets.” [29:55] “Be very thoughtful as you’re exchanging time for money. Don’t forget that you also want to be in a position where you can exchange skill set for money…” [34:37] “People that get wealthy, [...] all they think about are solutions.” [36:33] “If you turn to people for a handout all you’ll ever get is what they’re willing to put in your hand.” [38:37] “Wealthy people that know how to use debt effectively, [...] they don’t sell the asset, they borrow against the asset.” [43:44] Follow Tom Bilyeu: Website: 🤍impacttheory.com/ Twitter: 🤍twitter.com/TomBilyeu Facebook: 🤍🤍facebook.com/tombilyeu Instagram: 🤍🤍instagram.com/tombilyeu/
<<<To my understanding this just proves how much we need an edged as an investors because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market,what are your thoughts?!>>>>>>
it's said that the LOVE of monet is the root of all evil
Thank you for this!
@TomBilyeu Can you share the link to the David Foster Wallace “This Is Water” video please?
Love your channel, which is why I subscribed. I have to correct you on one thing that is often misquoted. Money isn’t the root of all evil. It is said that the LOVE of money is the root of all evil. Very different.👍 Keep up the great content!
I'm 34 and never cared about money. Never liked the idea of money or the control it has on everyone. However I hate my 9-5* even more because my Time is worth more than the little money they trade for it. So, I'm here to learn how I can get away from the time wasting jobs.
henry ford said that
Rich people aren't evil but they aren't angels too. They do anything to maximize profit and that created a lot of problems in the world.
This is just GREAT!! Thx Tom!
Its weird to see Tom talking slowly🤣
This was amazing, thank you Tom
Thank you so much for posting this. Was having a down business day, needed to hear this!!
I can’t stand how ignorant you are of the Bible, it says the love of money is the root of all evil, not money is the root of all evil. Please research a subject instead of ignorantly speaking on something you don’t know anything about bro because you sound like a fool.
Money is an amplifier of your true beliefs , whether good, bad, or neutral
I think you misunderstood the words you quoted at the beginning. The original wording is actually supposed to read “ Money is the root of all kinds of evil”.
It’s been a mistranslation for a long time and makes people not trust it, and with good reason.