Everywhere you look, people are trying to tell you what to do with your money. These types of influencers giving you financial tips are not going to help you out in the long run.
In fact, these guys are going to keep you thinking small and going broke.
To build true wealth, you can’t be listening to every shiny, new influencer. You need to start by looking at the money advice you’ve been given…
And forget all of it.
Different Types of Money Influencers
Everybody thinks that the types of influencers are the people on Instagram or Facebook telling you to make certain decisions.
I’m about to tell you something you’re not going to like…
THE TRUTH IS, YOU’VE BEEN INFLUENCED YOUR WHOLE LIFE.
Whether it’s by your parents, siblings, partners, or the big guys on Wall Street…
These people have taken their attitudes about money and passed them down to you.
It happens to everyone.
When I was ten years old and my father passed away, I started learning everything about finances from my mom and my sisters. This is when I learned to trade time for money and to work harder than everyone else around me…
Turns out, that I actually didn’t know a thing about finances.
I SHOULD HAVE BEEN TAUGHT TO MAKE MY MONEY WORK SMARTER, NOT HARDER.
We’ve all heard these classic pieces of financial advice…
A penny saved is a penny earned…
Treat yourself for anything…
Always buy, don’t rent…
But not a lot of people have considered exactly WHO is giving them these tips.
If you want to take full control of the money you make, you have to start thinking about how you were taught about money and what ideas you inherited.
Who are YOUR Influencers?
Ask yourself where you learned your ideas about personal finance. Was it your parents, a financial coach, a teacher, or someone completely different?
Once you’ve figured it out, now you have to find out what that individual’s financial condition was:
- What did they think about debt? Was it good or bad?
- Did they save money? If yes, what were they saving for?
- What did their income look like? Are they investing to create passive income?
The most important question you have to think about is whether these beliefs, ideas, and concerns are helpful or harmful to you now.
These types of ideas your influencers have handed to you are the ones setting the course for your life.
When I grew up, since my dad took care of our finances, my family developed a scarcity mindset after he had passed.
This was an attitude I carried with me until my 40s.
Once you evaluate your beliefs about money and where they came from…
THEN, THE REAL WORK CAN BEGIN.
De-Influencing To Dominate
When you start navigating your life using ideas that aren’t made to help you, all you’re doing is setting yourself up for disaster.
Using different types of advice from influencers will only stop you from reaching the success you know you can accomplish.
ALSO, THINKING SMALL WILL TURN YOUR ASSETS INTO LIABILITIES. YOU NEED TURN YOUR LIABILITIES INTO ASSETS.
After you’ve discovered what is holding you back, you need to learn what is actually going to propel you forward.
To start learning true wealth creation you need to study the masters. I want you to pick two people who are ultra-wealthy and observe how they move their money.
I follow Warren Buffet and Ray Dalio to learn different ways to use my resources. The one rule of the game is that you have to pick people that you do not know in real life.
This way you can come up with your own ideas of what works for you and what doesn’t.
Starting Your Wealth Journey
I am living proof that once you change the ways that you think about money…
You can start making decisions that take you to the next level.
THE FIRST STEP TO LEARNING WHAT YOU NEED TO ABOUT REAL WEALTH IS TO UNLEARN EVERYTHING YOU KNOW ABOUT MONEY
Once you free your attention from the backward advice that different types of influencers are peddling you…
You’ll become an unstoppable force in business and every other aspect of your life.
Be Great,
Grant Cardone
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