‘There are lots of opportunities around for us to make more and more money and the more we  do it the easier it gets’

Neil is returning to the subject of money because how you think about money can have huge consequences for your business and your financial well-being.

If your belief systems around money aren’t helping you then they are hurting you and if

you don’t master what you think about money, success and wealth you’ll go with any ideas from any source.

The money talk is a conversation we should all have with ourselves on a regular basis and in this episode Neil shares how that conversation should go if you want to make your money work for you and grow.

 

KEY TAKEAWAYS

• Money is just a way of storing value and a great mechanism for exchanging value with very little effort and friction.
• Money is the by-product of excellence and the best way to get more money is to become more valuable and get paid what you are worth because people won’t give you money if you are not worth anything.
• If you haven’t already got one build yourself a money bucket and get started when that one’s up and running successfully then start another and fill it with more money.
• There are basic rules to getting wealthy and like any sport, if you don’t know the rules you can’t take part in the game successfully or effectively.
• There are lots of opportunities around for us to make more and more money and the more we  do it the easier it gets
• Bad debt is what you owe to pay for liabilities such as a car.
• Good debt is what you owe to purchase money-making assets such as a mortgage on a rental property.
• Good debt is a debt that costs you less than the income it permits you to generate.
• Understand the difference between good and bad debt and put it to work for you.
• Embrace the tax system – if you learn how the system works you can learn how to minimise how much you pay legally.
• Don’t take money advice from someone who hasn’t got any money! Get around people who have money and it will rub off on you.
• Value money and you’ll attract more to you, make a conscious choice to have or not have money.
• When you have money use it for good by your own standards.
• The money game is fascinating and fun. If you do it right the odds are in your favour if you blunder in uneducated the odds are against you but if you don’t get in the game you are at massive risk and cannot possibly win.

 

BEST MOMENTS

‘Set up a savings bank account and begin today’

‘It’s much easier than bartering and let’s face it you can’t put a pig in your wallet!’

‘Money in itself is neutral a resource that can be used for good or bad, it only amplifies who you are’

‘The nicest people I’ve ever met have all been wealthy people whilst at the other end of the social scale  the skint people tend to be a lot less pleasant’

  

VALUABLE RESOURCES

The Tutor Podcast

Weird Things Guitarists Do book by Neil Cowmeadow

www.Neilcowmeadow.com

 

ABOUT THE HOST

Neil Cowmeadow is a maverick peripatetic guitar teacher from Telford with over 19 years’ experience in the business of helping people. Learn how to start, grow and love your business with Neil’s invaluable advice and tips without the buzzwords and BS!

 

CONTACT METHOD

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