INFO
In this podcast episode of “Money & You,” host Michelle Perkins engages in a powerful discussion with guest Joey Mure from “Wealth Without Wall Street”, focusing on the relationship between mindset and financial freedom. The conversation highlights how traditional beliefs about money, such as the notion that working hard equates to greater freedom, can be misleading. The guest shares personal experiences of transitioning from the mortgage industry to earning his salary plus, through passive income strategies. He emphasizes the importance of taking control of one’s finances rather than relying on a job and Wall Street.
The episode underscores the significance of understanding one’s relationship with money and the potential for creating passive income streams. The guest references the book “Become Your Own Banker” by Nelson Nash, which influenced their approach to financial independence. The discussion took place recently, reflecting contemporary challenges in achieving financial freedom. This dialogue is important as it encourages listeners to rethink their financial strategies and consider alternative paths to wealth, ultimately aiming to empower individuals to achieve a more fulfilling and financially secure life.
00:00 – Mindset matters for money
10:36 – Transforming financial perspectives
18:11 – Building passive income streams
36:53 – Unlocking financial potential together
Mindset is portrayed as crucial; the podcast emphasizes that overcoming limiting beliefs about money, such as the idea that hard work directly leads to wealth, is essential for creating a fulfilling financial life. He explains how traditional beliefs about hard work and income can limit financial freedom and the role of creativity and space in achieving financial goals.
Key Takeaways:
-The importance of mentorship and learning from experienced individuals in the field.
-“Thinking Like a Bank” was a starting point and mentorship from the author key.
– Strategies for capitalizing your life and creating multiple income streams.
– The significance of understanding the real return on investments and cash flow.
– Challenging the notion of deferring life until retirement.
– Emphasizing the importance of enjoying financial freedom in the present.
– The guest’s personal experience with investing in life insurance policies and the unexpected outcomes that followed.
– Encouragement to take the next right step towards financial independence.
Check out the WealthWithoutWallStreet podcast and visit wealthwithoutwallstreet.com (please add links)
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