The Rich Equation

On this episode of The Rich Equation Podcast, Ashish is joined by guest Jason Duncan. Ashish and Jason discuss what it really means to live the Exiter lifestyle. Jason shares his four key steps you need to follow to achieve freedom within your business. Jason explains hero syndrome, how to combat it and the importance of investing in your people. Ashish and Jason also speak about the difference between real estate and business investments. 

HIGHLIGHTS:

 0:00 – Ashish shares a brief introduction to his guest Jason Duncan
0:41 – Ashish mentions how on this episode, Jason breaks down 4 key steps to achieving freedom in your business
1:20 – Intro
2:30 – Jason mentions how he is recording this episode in his RV right beside the Caribbean ocean
4:33 – Jason explains how he became an accidental entrepreneur
6:34 – Jason speaks about hiring a business coach and explains why everyone needs a business coach
 10:42 – Jason shares how he and another business coach are holding a retreat in Florida that is designed for people going through an identity crisis and will help people figure out what’s next
13:06 – Jason takes us through the process of battling hero syndrome
15:48 – Jason states that all progress starts with mindset
18:49 – Jason explains how we get overwhelmed and stressed in life is because we have too many cycles opened at the same time
20:24 – Jason shares what step number three of this process is and how it is effective
22:54 – Jason talks about how the forth step is investing in your people 
26:55 – Jason advises you to not name your company after yourself
30:29 – Jason speaks about business investing and the similarities and differences between business and real estate investing
32:11 – Ashish mentions how in real estate you can get deprecation benefits but when you buy a company you can get Emiratization benefits
38:13 – Ashish asks Jason what are some of the biggest challenges he’s dealing with now
42:18 – Jason shares what true richness means to him
44:09 – You can contact Jason through Instagram @therealjasonduncan or through his website https://therealjasonduncan.com/
44:18 – If you are interested in getting over the hero’s syndrome and figuring out how to exit your business without selling it to a third party, join Jason’s Exiter Club
44:33 – Jason shares some information about his exit without exiting program. You can also go to https://therealjasonduncan.com/mastermind/ for more information

On this episode of The Rich Equation Podcast, Ashish is joined by guest Brian Bogert. Ashish and Brian discuss Brian’s philosophy of embracing pain to avoid suffering and Brian shares what motivated him to achieve this mindset. Ashish and Brian speak about limitless living and what steps you need to take to break through your limiting beliefs. Ashish and Brian also talk about observing ourselves and our behaviors to create sustainable and lasting change. 

HIGHLIGHTS:

0:00 – Ashish shares a brief introduction to his guest Brian Bogert.
 1:35 – Intro
 3:44 – Brian shares an insight into his past and how it’s led him to the point he’s at in his life now
5:53 – Brian mentions how we all have unique stories and how important it is that we pause and become aware of the lessons we can take from our unique stories
6:18 – Brian speaks about how his accident taught him how to not get stuck by what happens to him and embrace pain to avoid suffering in his life
8:13 – Ashish asks Brian if limitless living is possible and what it means to live limitless
9:51 – Brian states that no limits living starts with awareness and intentionality to make sure that you align with who you authentically are
12:18 – Brian talks about what motivated him to search for a limitless life
14:24 – Ashish asks Brian what has showed up for him over the years that really surprised him on his journey to limitless living
16:07 – Brian states that those who reach the highest level of performance are those that understand their intellectual and emotional narratives
17:05 – Brian speaks about how having children can open you up to a whole new level of limitless living
24:59 – Brian speaks about a new trait we see developing over society about having intention to create a level of awareness or have an ignorance to create that intention
26:30 – Brian states that should is a shame based word
31:08 – Ashish talks about some of his limiting beliefs and his fear of looking bad and how he was highly co-dependent
34:51 – Brian states that the first step to overcoming a limiting belief is being aware
37:07 – Brian mentions how we have to unroot the problem
38:19 – Ashish asks Brian to explain the process of unrooting
39:59 – Brian states that the last step it movement: how does the emotion move through our body, move through our world and how do we move through it
44:47 – Ashish asks Brian about how to create a sustainable lifestyle to have this type of mindset
49:55 – Brian states that if you embrace your pain you are guaranteed to avoid suffering
50:51 – Brian mentions how moved people move people
50:59 – You can contact Brian through https://brianbogert.com/ or through Instagram @bogertbrian 

On this episode of The Rich Equation Podcast, Ashish is joined by guest Tim Mulroy. Ashish and Tim discuss a series of topics from personal development, to planning processes. Tim shares his ’10 out of 10’ lifestyle and philosophy and explains how on our own, we can only ever be a 7/10. Ashish and Tim speak about what drives and fuels them to do what they do and they also share their best advice for anyone struggling with insecurity and lack of self-confidence. Ashish and Time share how sometimes we just need to slow down and listen to the world around us and be grateful for all that we have. 

 HIGHLIGHTS:

0:00 – Intro
2:13 – Ashish shares how he and Tim are lost souls who have found each other who think and work in the same way through personal development
3:55 – Tim speaks to us about his ‘ten out of 10’ lifestyle and philosophy
5:50 – Tim states how he believes that on our own the best we can ever do is 7/10
8:47 – Tim mentions how you have to be coachable
9:53 – Tim talks about how his mission is to be a leader for others
10:55 – Tim and Ashish discuss how we need to just slow down and listen to the world and what it, and people, are trying to tell us
11:28 – Tim speaks about what fuels him
13:06 – Tim states that there is no right decision and explains the power of just saying yes
15:05 – Tim shares the two rules he lives his life by: always be yourself because half of the people won’t like you anyway and have fun or go home
16:35 – Tim states that if you don’t have hunger you’re going to find yourself stuck
17:01 – Tim states that the only two things that are universally true are growth and contribution
18:28 – Tim shares his advice to anyone feeling insecure and lacking self-confidence
23:30 – Ashish speaks about how we’re all always looking for multiple options and people are afraid of commitment because they’re afraid of their own failure
24:55 – Tim shares the thing that has helped him the most in his relationship
25:50 – Tim states that if failure is not an option, you know there’s always a way through
27:43 – Tim explains how the best advice he’s ever been given is, trust the process
30:18 – Tim shares how 20 years ago he wish he knew that he was healthier than he thought he was
35:13 – Ashish asks Tim what rich means to him
38:15 – Ashish states that there are so many things we can be grateful for
41:00 – Tim speaks about his planning process and what his plans for the near future are
43:11 – Tim shares how your process should involve gratitude, vision and tangible steps
44:09 – Tim talks about his daily routine 
45:36 – Tim speaks about why he has picked up karate again

On this episode of The Rich Equation Podcast, Ashish is joined by guest Ed Chan. Ashish and Ed speak about leadership and mentoring. Ed shares his experience with coaches and peer to peer coaching and the impact that has had on his life. Ed shares with us his journey and how he had to have a complete mindset shift in order to scale his father’s business. Ashish and Ed also talk about being father’s in an age of social media and all the challenges that come with that. Ed shares his best advice to parents and tells us how he manages social media within his home.

 
HIGHLIGHTS:

0:00 – Intro
4:18 – Ed shares how the pandemic has really taught him peace and balance between business and life
7:05 – Ed explains how he had to work to get his leadership team to a point where he felt comfortable enough to leave them do to it all so that he could take every Thursday off and use it as a personal development day
9:18 – Ed speaks about how he broke down generational issues that he took into his business and how he shifted his mindset to improve his business
12:30 – Ed talks about re-building his business team and how going to executive coaching gave him a whole new business mindset
16:32 – Ashish discusses mentorship and peer to peer learning and what he has experienced with both
22:10 – Ed mentions how failure was one of his biggest fears but his current fear is time
23:20 – Ed states that you have to have enough margin in order to figure out what your why is
25:45 – Ed shares his religion and how that has helped him within his business
27:45 – Ed talks us through his routine and how having a stable consistent routine had impacted his life
32:30 – Ed shares his thoughts on being a parent to children within a generation of social media and how he has structured his family’s life with things such as, Monday – Thursday there is no technology
36:25 – Ed explains how he trains his kids to know who the parent is and shares how he thinks kids love boundaries
37:50 – Ashish asks Ed what he’s working on within himself currently
39:50 – Ed talks about his Kingdom Fund and shares how he is making small investments from it
40:40 – Ashish asks Ed to share two things he would love the listener to take away from this episode
43:47 – It’s important to realize that life design is not about using the excuse that you don’t have enough time it’s about realizing that we get to decide how we use our time 

On this episode of The Rich Equation Podcast, Ashish is joined by guest John Pham. Ashish ad John discuss a series of topics including the importance of identity as an entrepreneur, reflection and why you need a why. Ashish and John speak about how creating happiness and feeling grateful takes work and being sad is easy to do. Ashish and John share what a rich day looks and feels like to them and how being open to being vulnerable can deeply impact your life, relationships and goals. 

HIGHLIGHTS:

  0:00 – Intro
 3:04 – John shares what true richness means to him
 5:11 – John speaks about growing up as an immigrant an always being an outsider
 6:22 – John states that you can’t be an entrepreneur without an internal drive
 7:35 – John talks about the mentality behind intention and building habits that help you get to where you are
 8:19 – John shares a quote that has impacted him a lot, ‘You want to be a thermostat not a thermometer’ and dissects the meaning behind it
9:52 – John talks about Jerry West and explains how Jerry hates losing more than he loves winning
12:20 – John speaks about how we are all busy chasing people at the top and how we never really stop and take time to ask why
14:10 – John mentions how being happy and being grateful takes a lot of work but being sad is easy to do
15:33 – Ashish speaks about being a robot for a long time and how he fell victim to the program but how a rigid morning routine has helped him break out of that
17:58 – Ashish shares what a rich day feels and looks like to him
19:37 – John shares what a rich day feels and looks like to him
21:03 – John explains how if he has been able to do 5 minutes of gratitude, 30 minutes of exercise and 10 minutes of meditation before the day is over then it is a good day for him
22:01 – John speaks about how he practices gratitude
24:55 – John talks about being an entrepreneur and his experiences with that and what it has taught him
28:10 – John mentions how he feels while we’re all seeking truth there is no new truth and how books are truth that people have spent a lot of time trying to distil into pages
29:05 – Ashish asks John what is one of the biggest mistakes he has made in his life
 31:53 – John speaks about the importance of being vulnerable and how impactful knowing your identity having a why can be for yourself, your relationships and your goals 
 34:54 – Ashish states that you’re only doing things so that you can feel a certain way
 37:27 – John shares what he wants from the next 5-10 and how he just wants to enjoy everything he has built for himself 
 38:19 – Ashish speaks about what his intention was when starting the podcast
 40:28 – Ashish explains who he wants to be when he is 45
 43:01 – Ashish mentions how he would like to purchase a private plane and a home on the water by 45 and explains the reasoning behind this
 45:05 – Ashish states that if he could give any advice to his 25 year old self it would be to play bigger, get rid of your co-dependence and work on yourself 

On this episode of The Rich Equation Podcast, Ashish is joined by guest Doug Katona.  Ashish and Doug discuss all things fitness and natural health. Doug shares his best advice to people and explains how a 80/20 lifestyle is the way to do it. Ashish and Dough also speak about strength training and the importance of recovery. 

 HIGHLIGHTS:

0:00 – Intro
0:02 – Ashish shares an introduction to his guest Doug
3:29 – Doug states that he didn’t chose fitness, fitness chose him
4:54 – Doug speaks about NTRL, what it is and who it’s for
6:45 – Doug announces the launching of his website Liventrl.com which is a splash page and is live today!
7:35 – Ashish asks Doug what natural health means to him
10:30 – Ashish speaks about hiring a coach to train for an Iron Man
11:53 – Doug informs us how strength training makes recovery better and easier
13:53 – Doug states that endurance athletes don’t pay enough attention to strength training
17:15 – Doug shares his thoughts and best advice on recovery
18:30 – Dough explains how if you want to get fit fast you need to mix in two double sessions during the week and watch what happens
19:58 – Doug talks about biochemical individuality
25:50 – Doug states that the slower you run the more susceptible you are to injury
26:50 – Doug mentions how every coach needs a coach and share some things he learned from his coach
28:55 – Doug explains how your heart is a muscle and it will adapt to the type of demand you put on it
34:54 – Doug speaks about how your metabolism gets slower as you get older because you let it
36:02 – Doug shares his advice and encourages you to strength train with enough load to keep muscle on which will help you keep your metabolism active
38:10 – Doug shares how he thinks we don’t have an obesity problem we have a slow-besity problem
39:28 – Doug speaks about his routine and how it keeps his life in align
42:28 – Doug encourages you to eat sourdough bread as it’s one of the healthier breads due to the way it’s fermented
45:02 – Doug states that whatever you’re doing as a leader, you should want to do it
46:00 – Doug explains how he thinks people really underestimate the value of eating a high quality 80/20 meal
47:21 – Doug talks about how he loves wine and could drink it every night but how he’s mindful of what his training looks for the week and he’s mindful of how he treats his body
52:07 – Doug expresses his thoughts on how we all have the tendency to be addictive or get over exciting about food or training 
53:50 – Doug shares what true richness means to him 

On this episode of The Rich Equation Podcast, Ashish is joined by guest Vanessa Wieliczko. Ashish and Vanessa discuss a series of topics including her career journey after college, obstacles and challenges she faced as a woman in finance, her investment philosophy and her long term mindset of wealth creation. Ashish and Vanessa also speak about balancing family life with work life and her aims for her kids as adults. 

HIGHLIGHTS:

0:00 – Intro
0:10 – Ashish shares a brief introduction to his guest Vanessa
0:36 – Ashish states that this episode will cover the topics of Vanessa's career journey after college, the obstacles and challenges she faced as a woman in finance, her investment philosophy and her long term thinking about wealth creation. Vanessa also shares how she balances being a mom of three boys and a successful career
4:04 – Vanessa shares some insight into her career journey after college
8:53 – Vanessa speaks about how it’s rare that people stay at the one firm for 13 years and how her experience working at the same firm for that long really served her
11:20 – Vanessa shares some of the struggles and challenges she experienced whilst working at the same firm for 13 years as a woman
13:30 – Vanessa speaks about being a mom of 3 boys
15:30 – Vanessa talks about aspects of her career that she didn’t expect and that surprised her
19:50 – Vanessa mentions how she thinks sometimes people feel too restrained mid-career but how it’s completely ok to completely shift your career path at 40
20:42 – Vanessa speaks about her investment philosophy
21:53 – Ashish asks Vanessa about what her clients are asking her and what are they wanting from their investments
25:00 – Ashish asks Vanessa about what conversations are happening within her boardrooms about potential risks and catastrophes that could happen and what people can do to think through those things
27:35 – Vanessa states that all the research shows that equity markets do trend up over time
32:37 – Vanessa talks about the Cathy Woods of the world who are trying to create more transparency within the investment ecosystem and explains why she thinks it’s a double edged sword
34:47 – Vanessa speaks about women in leadership and her experience with being a woman within finance
41:11 – Ashish asks Vanessa what is she most afraid of
44:15 – Vanessa mentions how she hopes that her children learn to be aware of their feelings and learn how to communicate effectively
47:17 – You can contact Vanessa through LinkedIn: Vanessa Wieliczko

On this episode of the Rich Equation Podcast, Ashish is joined by guest Olivia Wong. Ashish and Olivia discuss the prototype thinking strategy. Ashish and Olivia dig deep into the process, what it’s all about and how it can help you make decisions 10 times faster. They also discuss how to relearn to say I don’t know, the power this sentence has and how it can help open up ideation within a team. Olivia also shares with us her routine and mindset and how she maintains a high level of performance while keeping harmony in her life. 

HIGHLIGHTS:

 0:00 – Intro
 0:05 – Ashish shares a brief introduction to his guest Olivia Wong
 0:40 – Ashish states that this episode covers the topic of prototype thinking,
 learning how to say I don’t know and the power of saying it and how it can open up ideation within a team. Ashish and Olivia also speaks about her routine and mindset and how she maintains a high level of performance while keeping harmony in her life
 3:18 – Olivia speaks about where her passion and drive comes from 
3:55 – Olivia shares how her dad once said to her that 

The way she lives her life and being so young is really fascinating and how it’s almost like she has experienced a near death experience because she understands the meaning of life and she values the time that she has
 7:11 – Olivia explains what prototype thinking is and the formula to using it
 7:42 – Olivia states that it was originated at Google X
 8:42 – Olivia speaks about how prototype thinking gives us a very step by step linear process that is repeated in a circular way
8:50 – Olivia states that prototype thinking gives us a tested and validated framework for solving any problem
10:34 – Olivia shares an example of a problem and how using the prototype can solve the problem
17:12 – Olivia talks about the process of using the prototype thinking and creating an experiment/creating a test
21:03 – Ashish asks Olivia to explain how to create the right team to do this work
25:06 – Olivia speaks about the energetic wave of innovation and how to navigate when it’s time for democratic decisions and when it’s time to just go for it with executive decisions
27:49 – Olivia describes one of their core concepts: the 3 point offset and how all companies can use the prototype thinking formula within their business
30:50 – Ashish asks Olivia about how she removes bias from the processes within the prototype thinking strategy
33:25 – Olivia talks about her routine
36:27 – Ashish speaks about meditation and all the benefits meditating can have on your day and your life
38:06 – Olivia states that if we are afraid of routine it’s because were afraid of letting ourselves down so just simplify your routine and make it realistic and manageable
39:20 – Olivia talks about her experience working as a humanitarian worker
40:47 – Olivia speaks about how being Ms ASIA Global has allowed her to create the conversation and help make important change around the world
44:00 – Olivia states that if she could have any superpower it would be being able to sing
44:51 – Ashish asks Olivia what she wish she knew 20 years ago
45:51 – Olivia states that true richness to her is having the right attitude to create internal wealth
46:03 – You can contact Olivia  through Instagram and Facebook @prototypethinkinglabs or through her website https://prototypethinking.io/ 

On this episode of The Rich Equation Podcast, Ashish is joined by guest Erik Gomez. Ashish and Erik discuss all things money and wealth management and Erik shares his super interesting and different perspective on this topic. Ashish and Erik deconstruct the dogmas of money management and why the traditional thinking of how to manage your money is outdated and the majority of the problem lies within the six inches between your ears! Erik’s passion and energy provides for a great episode as he and Ashish divulge into the stories we tell our selves surrounding money and how we can become better versions of ourselves.

 
HIGHLIGHTS:

0:00 – Intro
2:12 - Ashish mentions how he is so excited to have Erik on the podcast because Erik is coming from the money/wealth management investing business
3:48 – Erik speaks about how unfortunately money isn’t something people are really taught really
7:00 – Erik explains how he teaches people to manage their money and re-train their approach to money and wealth management
9:44 – Erik shares the five capitals his company has based their work on
11:44 – Erik states that fostering good relationships is really important
13:34 – Erik mentions how he once had a coach who told him that you will not perform out of alignment with how you see yourself
17:10 – Erik speaks about how there are no shortcuts or silver bullet when it comes to investing – if you give the money enough time it’s going to do what it’s supposed to and it will work out
19:47 – Erik mentions how Elon Musk at one point was one of the richest people on earth but he was cash poor
20:34 – Ashish and Erik encourage you to read the book, The psychology of Money and they discuss this book and the knowledge it holds
21:50 – Ashish states that if we have to build routines in our lives to help us achieve the results we want
22:00 – Erik shares his daily routine
23:52 – Erik mentions how his dog has been helping him stay accountable as he has lots of energy in the mornings
25:55 – Erik gives us an insight into his journey, his upbringing and how he got to the place he’s at now both professionally and personally
31:14 – Ashish asks Erik what he would say to all young people to change their mindsets
33:55 – Ashish states that society trains us to think that other people’s opinion’s really matter and the faster you learn that it’s so untrue – the happier you’ll be
36:47 – Erik states that you have to do something to be different and stand out
37:26 – Erik talks about how freedom and choice is what true richness means to him
37:38 – Erik mentions how real estate is a great wealth building tool
39:43 – You can find Erik through Instagram @rg_wealthmanagement 
40:10 – Ashish asks Erik what he wish he knew 20 years ago 

 TRANSCRIPTION:
Hey, welcome back to the rich equation. Today I am joined by Erik Gomez. Erik is a financial advisor with Northwestern mutual since 2005. He finds his passion in working with individuals and helping them to protect what is most important to them and the risks that come along with it. Erik has a such a different perspective about money management, which is why I wanted to have him on the podcast. And I wanted to get deep into this topic. 

In this episode, we deconstruct the dogmas of money management. Why most traditional thinking about how to manage your money is outdated. And most of the problem is the six inches between years. Erik has this passion and energy that is contagious, and he believes that money management should be more of a rounded conversation and less focused on returns. 

We get into the stories that we tell ourselves about money and what we could do to be a better version of ourself. This is such a great episode. I know you'll have something to take away joy here it is.

On this episode of The Rich Equation Podcast, Ashish is joined by Elliot Shorts. Ashish and Elliot discuss a range of topics including the importance of having a consistent and sustainable routine, the power of investing, how vulnerability is not weakness and so much more. Ashish and Elliot provide a fantastic open and honest conversation throughout this episode and share some very inspirational life advice. Don’t forget to leave a five star review and share the podcast with a friend if you enjoyed this episode!

HIGHLIGHTS:
0:00 – Intro
2:27 – Ashish shares how he and Ashish met
3:30 – Elliot shares an insight into the success of his relationship and marriage
7:05 – Elliot speaks about how his wife works from the minute she wakes up purely because she loves what she does and how much he admires that
9:03 – Elliot talks about how his upbringing and participation in sports has impacted his life
13:47 – Ashish asks Elliot to discuss how he found success in building a stable routine
17:15 – Ashish mentions how if you build a level of consistency then you can perfume at a sustainable level
17:47 – Ashish shares his daily routine
20:00 – Ashish and Elliot discuss having a calendar for personal and professional life and they really encourage you to try putting everything in a calendar as that way you will make sure it gets done
22:16 – Elliot speaks about The Wild Man Experience he recently took part in, why he went on the trip and what he going from it
23:20 – Elliot mentions how every morning began with meditation and each night ended with sitting together as a community and getting deep and real with each other
26:40 – Elliot states how people get caught up in moving too quickly and wanting to achieve which leads to not taking the time to slow down and states how meditation can be helpful with this
29:19 – Ashish states that people often equate vulnerability to weakness but its actually the complete opposite
31:38 – Elliot mentions how Mike Tyson worked on his weaknesses and how every warrior has weakness and it can only level you up to acknowledge your weaknesses and work on them
33:17 – Ashish states that he believes the future is female and how he feels there is something special in creating space for women to be who they are and to be able to go after something they want at full speed
35:22 – Elliot speaks about how he finds power in strength so he pushes himself at the gym and how that is a key energizer for him
36:38 – Ashish asks Elliot what he wishes he knew 20 years ago
37:00 – Elliot states that if he had kids he would teach them how to be investors before anything else
39:03 – Elliot states that true richness to him is balance and explains this in detail
40:59 – Ashish asks Elliot if a hotdog is a sandwich
41:33 – Ashish states that if had one superpower it would be to slow down time because life and time is a very limited resource
42:58 – Ashish discusses how the death of Kobe Bryant impacted him and gave him a mindset shift
43:44 – Elliot speaks about how he had the same experience as Ashish but almost the completely opposite as Kobe Bryant’s death made him realize he is infinite so he needs to start thinking bigger
45:20 – You can contact Elliot through Instagram @elliot_30