Mental Strength and Money: Warrior Mind Podcast #440
Over four years and going strong! With over 800,000 downloads from over 9 countries and 5 continents’…. this is the Warrior Mind Podcast.
In this episode of the Warrior Mind Podcast I’m going to go over some thoughts about mental strength and money and how your relationship with money is more hidden and more important than you think!
Mental Strength and Money
Future value is the value of an asset at a specific date. It measures the nominal future sum of money that a given sum of money is “worth” at a specified time in the future assuming a certain interest rate, or more generally, rate of return; it is the present value multiplied by the accumulation function.
1. Define your purpose in life.
Many people are living day to day. Sometimes, they’re working dead-end jobs that don’t accomplish their life goals.
Sometimes, they don’t even have life goals!
Don’t let this be you. Define your purpose in life.
Here are some questions that can help you define your purpose in life:
- “How would you like to leave the world a better place?”
- “What influence do you want to have on others?”
- “Why are you doing what you’re currently doing in life?”
2. Focus on your needs.
The challenge for all of us is to not live in surplus. This is difficult to accomplish, but it’s the most generous way.
By focusing on our needs and meeting those, we can find ourselves more willing to give our surplus to others. The truth of the matter is, stuff only makes us happy for a short period of time. True happiness, friends, is found elsewhere.
3. Educate yourself about others’ needs.
Once we’re willing and able to be generous, it’s important to educate ourselves about others’ needs.
If you’re going to give to the homeless, find the best organizations to give to that are focused on helping the needy instead of their own wallets. This is just one example.
Make generous financial decisions.
Enjoy this podcast on the power of wellbeing
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Rich Dad Poor Dad Key Points
The Five Big Ideas
- The poor and the middle-class work for money. The rich have money work for them.
- It’s not how much money you make that matters. It’s how much money you keep.
- Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.
- Financial aptitude is what you do with money once you make it, how you keep people from taking it from you, how to keep it longer, and how you make money work hard for you.
- The single most powerful asset we all have is our mind.
For a more in-depth discussion about this topic request your Introductory Consultation.
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