The Big Leap

Big Leaps of Big Money: The Mindset of Wealth


Listen Later

Mike has a juicy new episode today that you're going to love.

Gay and Mike have an honest conversation about the biggest money mistakes they've made over their careers, and some of their biggest wins and lessons learned.

Mike confesses some horrendous investments he has made early in his career that lost half his investment and Gay shares how a stupid fear and mistake cost him $10 million (yep, you read that right) in potential gains on an early Tesla investment.

They also share what they'd do differently if they had to start over today. Here are a few key points:

  • Invest in YOUR genius first - the ROI will be huge.
  • Surround yourself with superstar mentors and coaches (Mike still invests ~$250K a year in his own coaching!)
  • Create "unfair advantage" through your network and personal brand
  • Play the long game - have patience and discipline

They get super honest about family money dynamics, like trying to "coach" their own kids. Let's just say hiring and firing your own offspring is...complicated!

Whether you're new to investing or an old pro, Mike thinks you'll find this episode motivating, insightful and entertaining. Have a listen and let's hear your key takeaways!

Key Takeaways

  • (03:37) Gay’s first Big Leap into investing
  • (06:23) The three traditional ways to invest
  • (16:31) Jackie Kennedy and a colossaly dumb stock market mistake
  • (21:59) Never outsource your money movement
  • (27:00) How to invest in your own genius
  • (45:01) What does it take to get to a wealth mentality?

Additional Resources

  • Get my new book Punch The Elephant
  • Get on the Early Bird List for The Big Leap Experience!
...more
View all episodesView all episodes
Download on the App Store

The Big LeapBy Gay Hendricks & Mike Koenigs

  • 5
  • 5
  • 5
  • 5
  • 5

5

695 ratings


More shows like The Big Leap

View all
The Rich Roll Podcast by Rich Roll

The Rich Roll Podcast

11,801 Listeners

The School of Greatness by Lewis Howes

The School of Greatness

21,305 Listeners

Abundant Ever After with Cathy Heller by Cathy Heller | QCODE

Abundant Ever After with Cathy Heller

7,641 Listeners

Where Should We Begin? with Esther Perel by Esther Perel Global Media

Where Should We Begin? with Esther Perel

14,849 Listeners

Oprah's Super Soul by Oprah

Oprah's Super Soul

31,950 Listeners

The Diary Of A CEO with Steven Bartlett by DOAC

The Diary Of A CEO with Steven Bartlett

7,165 Listeners

The Cure for Chronic Pain with Nicole Sachs, LCSW by Nicole Sachs, LCSW

The Cure for Chronic Pain with Nicole Sachs, LCSW

2,455 Listeners

On Purpose with Jay Shetty by iHeartPodcasts

On Purpose with Jay Shetty

27,238 Listeners

IMO with Michelle Obama and Craig Robinson by Higher Ground

IMO with Michelle Obama and Craig Robinson

12,348 Listeners

Huberman Lab by Scicomm Media

Huberman Lab

28,494 Listeners

The Mel Robbins Podcast by Mel Robbins

The Mel Robbins Podcast

20,562 Listeners

Take Back Your Mind by Michael B. Beckwith

Take Back Your Mind

745 Listeners

The David Ghiyam Podcast by David Ghiyam

The David Ghiyam Podcast

596 Listeners

Good Hang with Amy Poehler by The Ringer

Good Hang with Amy Poehler

7,419 Listeners

Aspire with Emma Grede by Emma Grede | Audacy

Aspire with Emma Grede

464 Listeners