The Money Advantage Podcast

Abundance: Philosophy, Principles and Beliefs


Listen Later


Your financial life should have come with the instructions: "For best results, abundance thinking required!"  Your financial results are a direct product of your way of thinking about money.  While it's tempting to jump right into strategies and products and investments, you'll never outperform your mindset.  You are your greatest investment, therefore exponential results are created by an abundance mindset.







In the famous Indian fable of the Blind Men and the Elephant, six blind men described an elephant from their perspective.  One said it was like a rope, and another said the elephant was like a tree.  A third said it was like a spear.  The fourth, a snake.  The fifth, a fan.  And finally, the sixth man said it was like a wall.



Each man had touched a different part of the elephant, and his experience shaped his understanding.



Their limited thinking is evident to us.  But all too often, we, just like each blind man, are unaware of our own finite mindset.



Our mindset is intangible and tucked away out of sight, so it’s easy to think it doesn’t require your attention.



You can be unaware of it, ignore it, pretend it’s something different, or choose it.



Regardless of your level of consciousness around your mindset and beliefs, your mental programming is driving your life.







Where an Abundance Mindset Fits into the Cash Flow System







At The Money Advantage, we are a community of wealth creators.  We are entrepreneurially-minded business owners who are taking control of our lives and financial destiny.  We have a compass that always points back to the principles of wealth, not just to strategies or products.  You need the right mindset, philosophy, and principles of abundance, expansive thinking, creation, cash flow, and control in place first before any financial tactics can genuinely benefit and serve you.



In the Cash Flow System, you first increase cash flow by keeping more of the money you make. Then you protect your money.  Finally, you increase and make more.



This conversation on the mindset, philosophy, and principles of wealth creation fits right into the very first step of the first phase.



How We Learn



If you want different results than you see today, it’s not enough to change your actions.  You need to expand your mindset.



In the elephant story, each man was beholden to his perspective.  They each believed that their own experience was the full interpretation, and it led them to severe errors of judgment.  Not one was willing to learn from each other to broaden his understanding.



When it comes to our understanding of the world, we’re each like the blind men.



Of all of the available facts in the world, each of us knows some of them.  None of us know them all.  The limited set of facts we have and our interpretation of them form our unique map.  Of the 7 billion people in the world, all of them have a map, and none of them look like yours.



This is your belief system.  Unless you're willing to expand your map, nothing new exists for you.
...more
View all episodesView all episodes
Download on the App Store

The Money Advantage PodcastBy Bruce Wehner & Rachel Marshall

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

61 ratings


More shows like The Money Advantage Podcast

View all
BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,774 Listeners

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action by The Real Estate Guys

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

708 Listeners

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

3,876 Listeners

Get Rich Education by Real Estate Investing with Keith Weinhold

Get Rich Education

605 Listeners

Main Street Business by Mark J Kohler and Mat Sorensen

Main Street Business

586 Listeners

Tax Smart Real Estate Investors Podcast by Hall CPA

Tax Smart Real Estate Investors Podcast

422 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,085 Listeners

Real Estate News: Real Estate Investing Podcast by Kathy Fettke / RealWealth

Real Estate News: Real Estate Investing Podcast

563 Listeners

Banking With Life Podcast by James Neathery

Banking With Life Podcast

76 Listeners

Ken McElroy Show by Ken McElroy

Ken McElroy Show

720 Listeners

Wealthy Way by Ryan Pineda

Wealthy Way

2,134 Listeners

PassivePockets: The Passive Real Estate Investing Show by PassivePockets, Jim Pfeifer, and Left Field Investors

PassivePockets: The Passive Real Estate Investing Show

129 Listeners

Infinite Banking Mastery by Valerie LaRoque

Infinite Banking Mastery

21 Listeners

Wealth Warehouse by The IBC Guys via Podcast Principles

Wealth Warehouse

121 Listeners

Infinite Banking Initiative (IBI) by Leigh Barganier

Infinite Banking Initiative (IBI)

11 Listeners