Money On My Mind

Have you ever wondered why many people want to become millionaires, but not everybody becomes one? It's really simple – they don't think they can do it and they're not equipped with the right mindset, knowledge, structure, and systems to make it happen, even when in reality, it's very simple to achieve.

Listen to this episode to learn more about the reality behind achieving your first million and what could possibly be stopping you from becoming a millionaire today!

Key Talking Points of the Episode

00:00 Introduction

01:12 How easy can it be to become a millionaire?

02:18 What would it take to become a millionaire with average income?

04:45 How much of your income should you expect if you want to be a millionaire?

05:56 What does your mindset have to do with becoming a millionaire?

07:00 Why is it important to have the right structure and systems when building wealth?

08:01 Why do you need to understand that you need to make big changes to build wealth?

Quotables

"My point here is to show that $7 a month will turn you into a millionaire, meaning it doesn't take as much as you actually think."

"The very first thing you have to do is get into the right mental frame. If you don't think you can build wealth because of the way you grew up, if you've never built wealth and you've been defeated, or there's been shame around money, it's gonna be hard to ever get past that stage."

"It's super simple – it's not a complex system, it's not crazy rocket science. It's simplified stuff that's allowed us to be millionaires."

Links

Website: Budgetdog

https://budgetdog.com/

The most successful investors always say "time in the market is more important than timing the market" and I could not agree more. There is no point in timing the market and waiting on the sidelines for that perfect day because if you take action now, you're still going to make a better return than when you try to gamble your investments.

Listen to this episode to learn more about timing the market, why it isn't the best thing to do, and how you can actually achieve your financial goals if you have the right mindset!

Key Talking Points of the Episode

00:00 Introduction

01:11 Why is it important to be educated before investing in anything?

02:05 What could happen if you keep on timing the market?

03:31 Why is it important to listen to the right people?

04:54 What should your investing goals be like?

06:00 What is the purpose of investing your money?

07:07 How does your mindset affect your ability to build wealth?

08:56 What can you do to prepare for your investments?

11:21 How does the Budgetdog Academy help people achieve their financial goals?

12:27 Why shouldn't you try to time the market?

15:46 How should you be approaching your investments?

17:21 Why will this mindset prevent you from achieving your financial goals?

18:52 Why is it important to be careful with the information you listen to?

Quotables

"The whole point of all things investing is to learn to hit your financial goals, because that's what you came here to do."

"It is not a challenging game if you ask the right questions and think about this the right way."

"You can't guess, you're not gonna know. So if you wanna hit your goals, stop asking the question "is it the right time to invest in the market?"."

Links

Website: Budgetdog

https://www.budgetdog.com

Cryptocurrency has been making waves again, similar to how it did in 2021. Along with this craze comes a lot of hype and if you're not educating yourself enough on the many factors that this investment would affect your portfolio, you could end up losing more than you could imagine.

Listen now to learn more about investing in crypto, the reality behind these crazes, and how you could protect yourself while diversifying your portfolio!

Key Talking Points of the Episode

00:00 Introduction

02:16 What are people saying about crypto today?

03:03 Why is it important to listen to the right people about investing your money?

04:25 What should you know about investing your money in crypto?

07:02 How can you protect yourself from the hype of these investments?

09:03 Why is it important to be vigilant when investing in something new?

10:01 What is a financial plan?

11:18 Why is it important to have a plan for your finances?

12:24 What is the best way to start building your investment portfolio?

14:34 What do you need to understand about these investment trends?

16:04 Why is it important to protect yourself from the hype of crazes like this?

18:13 What can you do to make sure you're investing in the right vehicles?

Quotables

"The whole purpose of investing is to hit your financial goals and I think that a lot of people, especially in the offices, don't understand what they're even in this game for."

"History doesn't always repeat itself, but it does rhyme."

"I think how we think as investors are what drive our results long term because oftentimes, what comes up must come down."

The first step to achieving financial freedom is knowing that you want it and being willing to do the work to get there. That is how today's guest, Aaron Teer and his wife started their journey, and that's what they are sharing with us on the show.

Listen to this episode to learn more about Aaron's story, how they started working on their finances, and where they are today with achieving their financial goals with support from the Budgetdog Academy!

Key Talking Points of the Episode

00:00 Introduction

01:45 What were money conversations like for Aaron and Tiffany as kids?

03:35 How did Aaron's parents' financial mindset affect him as an adult?

04:21 What was the pivotal moment for Aaron towards his finances?

06:13 What was the conversation like between Aaron and his wife about their finances?

07:26 How has financial management changed for Aaron and his wife?

09:01 How did Aaron's background affect their finances?

10:33 How has Aaron's sobriety improved their life?

11:59 What steps has Aaron and his wife taken to achieve their financial goals?

16:01 What are Aaron's plans and goals for their finances?

19:04 What is Aaron's advice for people who want to get their finances sorted out?

23:17 How has Aaron's financial situation changed since they started taking action?

24:31 What quote helps Aaron move forward through challenges in life?

Quotables

"I think once you fix one thing, the next thing naturally comes as the secondary benefit."

"Another part of the plan is just sticking to the plan."

"The answers are out there. There are resources, there are ways you can change your situation."

Building wealth isn't dependent on your income or inheritance, it depends on your motivation, knowledge, and actions. This is what we're uncovering in today's episode as we talk about how acting like a millionaire will help you become an actual millionaire.

Listen now to learn more about the reality behind building wealth and how you can start acting like a millionaire if you want to become a millionaire!

Key Talking Points of the Episode

00:00 Introduction

02:29 What does it really take to become wealthy?

03:37 Why is inheritance not always a factor in building wealth?

05:23 What is the biggest factor that hold people back from becoming millionaires?

08:07 What is the importance of having mentors to support you in building wealth?

09:18 Why is mindset crucial in building your wealth?

11:25 How do your limiting beliefs prevent you from achieving your financial goals?

15:11 What is it really like to start working on changing the way you think?

16:43 How can you start gaining the confidence to change the path you're on?

18:50 How can the media you consume help you achieve success?

20:50 What can happen when you start acting like a millionaire?

22:25 How can you build a plan that will help you achieve your financial goals?

25:02 Why is it important to stay focused on your "why"?

28:18 What can you do today to start building your wealth?

Quotables

"If you're still on the sidelines and you're not even in the game, wake up! Pay attention, join the academy, get moving, and start the process. Start the building of wealth that you deserve to build."

"People who become millionaires off of inheritance are of lower odds than that of a casino success."

"What you believe becomes your reality and when you change the way you think about things, you're gonna change your success, and that's exactly what happened to me."

Links

Website: Budgetdog

https://budgetdog.com/

Book: The Roadmap to Financial Freedom

https://www.amazon.com/Roadmap-Financial-Freedom-Millionaires-Automated/dp/1394217242

Building wealth is simple, but it's not easy, and that's what many of the richest people in the world can tell you. This is something I've also personally proven through the years and it is the foundation of Budgetdog Academy – helping others build wealth the right way so more people can achieve financial freedom in a sustainable and scalable manner.

Listen to this episode to learn why the rich get richer and how you can get yourself on the right path to financial freedom using a roadmap that has been proven effective through time!

Key Talking Points of the Episode

00:00 Introduction

02:42 How can your network provide you access to opportunities?

03:48 What is level 1 of building wealth the right way?

06:02 Why is it important to tell people what value you can provide?

07:54 How were we able to raise $1 million for capital?

09:20 How can following the roadmap to financial freedom ensure your success?

11:26 Why is it important to put effort into getting connected with the right people?

13:01 How can private equity help you build wealth faster?

Quotables

"The skill sets I was able to get from these individuals because I've either paid to play at different times or I provided value to other groups that they've allowed me to their circle because I've been providing value at a higher level."

"A lot of people are afraid to ask and the answer is gonna be "no" if you don't ask." "The first 5, 10 years, or whatever – it's gonna be working hard, just so you know. You're not gonna skip level 1, you're not gonna skip any steps. That's what I did, that's what you're gonna have to do."

Links

Book: The Roadmap to Financial Freedom

https://www.amazon.com/Roadmap-Financial-Freedom-Millionaires-Automated/dp/1394217242

Joseph and Allie Swanson are members of the Budgetdog Academy and they are a testament of the success we're able to guide our students through. They came to the Budgetdog Academy early this year and today, they're moving forward towards their big goals faster than anyone would've expected with the help of the roadmap we've built to help people achieve financial independence and freedom.

Listen to this episode to learn more about Joe and Allie, their finance backgrounds, and how the Budgetdog Academy is helping them stay on track to achieve their financial goals!

Key Talking Points of the Episode

00:00 Introduction

01:36 What was money like for Joe and Allie while growing up?

06:01 How did Joe and Allie's childhood influence their financial habits as adults?

11:45 How did Joe and Allie meet?

14:01 What was it like for Joe and Allie to merge their finances?

16:05 How did Joe and Allie find the Budgetdog Academy?

18:10 What was it like for Joe and Allie to discover the Budgetdog Academy?

21:06 What sets Budgetdog Academy apart from others?

25:28 What are Joe and Allie's goals for the future?

28:22 Why is it important to think long-term in building your finances up?

30:13 What kind of businesses are Joe and Allie looking into?

32:07 What is Joe and Allie's advice for people who want to start working on their finances?

Quotables

"Our big goal last year was getting our finances in check and we were able to do that. I think we invested half of our income and still had money for our expenses and everything, and plus more, so we were so impressed by that – by just learning through the program."

"Once you find that business, you've been talking about it so much, and when there's intention behind something, it will happen."

"If you really wanna get a grip at where you're spending your money, then you want to understand how and why you're spending your money."

Better financial habits can be for everybody, if you have a strong motivation and the drive to make it happen. This is what today's guest has proven through the years as he went from being a police officer with spending habits that were not as healthy to becoming a savvy investor on his way to grow a real estate portfolio for his family's future.

Listen now to learn how better financial habits can put you on the right path to success and what you can do today if you want to start getting your finances straightened out!

Key Talking Points of the Episode

00:00 Introduction

01:05 What were finances like for most families in the 80's?

03:48 What was it like to not be taught about finances?

05:05 How would your parents' financial habits influence yours?

07:41 How can unhealthy spending habits impact your life?

08:45 What can the Budgetdog Academy help you with?

09:48 How does your childhood impact your financial habits as an adult?

11:30 Why is your intention important in building better financial habits?

13:29 How important is it to have people support you as you work on your finances?

19:03 How would your first deal impact your perspective in real estate?

22:40 How can you make the most of your investments with a partner?

23:47 How can real estate provide better opportunities for you and your family?

26:38 Why is real estate a smarter way to grow your wealth?

28:27 What can you start to do today to start building healthy financial habits?

Quotables

"I kinda learned as I grew up. I had to teach myself from making a lot of mistakes."

"Having communication is so important, especially when you have common goals you wanna talk about."

Links

Website: Safety Pro Marksmanship and Tactical Training

https://safetyprotactical.com/

Everybody talks about work-life balance, but what does that really mean?

If you're stuck in a rut and you feel like you want more out of life, chances are, this is what you're looking for too. It's pretty normal to be thinking this because everyone else is too, but is society's idea of balance really what you need to thrive in life?

Listen now to better understand what it really means to want work-life balance and what kind of balance is healthy to have in your life!

Key Talking Points of the Episode

00:00 Introduction

01:18 What is balance all about?

02:37 What does wanting balance truly mean?

03:31 What do most successful people in the world have in common?

04:42 How will your priorities help identify the kind of balance you will have in life?

06:01 What does healthy balance look like?

07:39 What is the reality behind the idea of having work-life balance?

09:01 What kind of balance should we aim to achieve?

10:44 Why is it important to have clarity on what you value the most?

12:01 Why should you address the desire for balance early in your career?

Quotables

"When you value balance, you value average because balance is average."

"They've gone so extreme to where they wanna reach a level of success that nothing is stopping them."

"I know that I value achieving that goal, moreso than the idea of balance. Balance has never really been attractive to me."

Links

Instagram: Brennan Schlagbaum

https://www.instagram.com/budgetdog

Budgets are not supposed to restrict you, they're supposed to guide you, and this is something many people do not understand. It's honestly one of the biggest reasons there's so much resistance to implementing it but if you truly want to achieve financial freedom, this is the first thing you need to manage well and understand how to leverage!

Listen now to understand what it truly means to have a budget and how you can start managing your finances today to get to a better financial situation without cutting down on your expenses!

Key Talking Points of the Episode

00:00 Introduction

01:01 What do most people believe about achieving financial freedom?

02:08 How do most people's belief systems affect their finances?

03:00 What mindset do you need to have for better financial management?

04:00 What do you need to understand about how budgets work?

06:09 What tools can you use to help you build your wealth?

07:36 How will your priorities help you manage your finances better?

08:28 Why is it important to really understand why you want to spend your money?

09:41 How can understanding your reasons help you make better financial decisions?

10:49 What is the importance of aligning your goals and finances?

Quotables

"If you really wanna do this the right way, realize that there's 2 seasons – seasons of abundance and seasons of sacrifice, and both seasons are gonna happen from time to time, just like winter, fall, spring, and summer, and it's okay."

"Anything worthwhile is worth the sacrifice and anything worthwhile requires sacrifice."

"Most novices will think that a budget is like the end all, be all, but it's just a small – it's probably 5% of the whole puzzle."