This is what it REALLY means to be wealthy… 💰 Financial expert @farnooshtorabi is on today’s episode of @themelrobbinspodcast to uncover the major money myths that have you feeling trapped, and the steps you need to take to build wealth. 🎧 “The #1 Money Rule to Live By: Understand The Psychology of Money” Watch it here: https://lnkd.in/gW2cnBeV #melrobbins #melrobbinspodcast #moneyrules #psychologyofmoney #moneymyths
This reminds me of the quote "Fortune favors the Bold". Instead of living with Fear, living with the Pain it brings, it's much better if you Face it head-on. Fear is not real, it only exists within, that's why the Best way to conquer it, is by facing it and having a clear plan for when the time comes. When you have a plan on how to deal with a certain situation, suddenly things are not as scary as they were a minute ago. Stop letting fear take control of you, your life, and your decision-making process. I hope this helps 🦊
Planning and budgeting is the best way to keep your finances in check!
Love this approach and often use it with clients!! Because 90-95% of worst case scenario is only in our head! 😉 But face it…..and see that you’ll still going to be ok!! 🤩
Sometimes wealth is measured against metrics other than the size of your bank account. Kindness, joy, strength of your mental health, serving others, etc. Value=wealth.
Our views of money are instilled in us so early on in life without us even realizing. When there is a fear, there is a socially transmitted disease that doesn't serve us. Something we've been taught is surfacing and we have to work through what that is in order to have true freedom.
This episode was very informative and really made me think about what it means to wealthy. Money really does have it's own psychology!
I love this topic. Thank you, Mel! So many of our financial beliefs come from subconscious programs and fears shaped by experiences in childhood – often without us realizing it. These deep-rooted beliefs can be the biggest barriers to true wealth, keeping us stuck in patterns we didn't choose. In Mark's and my work with entrepreneurial couples, we see firsthand how transforming these old money stories creates freedom, not just in their bank accounts but also in their relationships and businesses.
Great advice! What! I am finding over all my 44 years I worked, money is a gift from God, but, since I retired at 65 , lost my wife, on a monthly pension plan where I have to monitor every cent, that not having a steady stream of income is very difficult and depressing. When , you have to live for $300 dollars left over when all my bills are paid , it makes you think! How can I make this 300 dollars last 30 more days until I get my monthly pension again that will not feed a real hummingbird. I am trying my hardest to generate a passive income again but I been struggling over my wife’s death on December 22nd, 2022. My iPhone photography is very good, made prototype calendars and greeting cards of 20 with 20 envelopes selling for $33.90 a pack. Plus, take outdoor photography of birds, landscape and family portrait photos for framing to sell in my printing services to generate a income since my wife passed away. Still loosing my money I saved for 44 years of working and applied to local businesses and labour work , but my resume is to advance and they are afraid of my talents and abilities. Still eating well from the food bank that keeps this 67 Widow Professional iPhone 13 Photographer alive with brighter lights ahead.
It is a must to plan ahead, be proactive, and make sure you are making concrete actions to address all the possible what-if's and risks that may come your way.
Helping educators launch their learning-based business. | Former Educator→→→Full-Time International Speaker, Coach & Solopreneur
2wI used to think working in education was about financial security, but that was a lie. Because I was in it for the OUTCOME, not the income. But the truth was I was mindlessly spending to fill a void, in crippling debt, and had zero power to change my earning potential. The only stability in this reality was I was on a downward trajectory. Only when I quit my job to become my own boss did all that change. I had to face money head on. (And paid off all my debts within a year)