Wealth Tactic Rebels

Have you ever wondered why resolutions people make, in order to improve their lives, often fizzles into nothingness? The main reason boils down to the type of motivation for achieving the specific goal in mind. WTR welcomes guest Susan Fowler, a researcher, author, and co-founder of Out of the Box Learning, to our discussion. In today’s podcast episode, we will discuss why it matters to break a bad habits and instill new daily practices that will help you hone your ability of being optimally motivated.

Ingenious tactics to accumulate wealth, for people who see things differently.

Susan Fowler

Website: https://susanfowler.com/

LinkedIn: https://www.linkedin.com/in/susan-fowler-955a174

Facebook: https://www.facebook.com/SusanNFowler

Twitter: https://twitter.com/fowlersusann

NOTES:

• [00:53] Kevin: Susan Fowler is a researcher, author, and co-founder of Out of the Box Learning. Today, we're talking about Optimally Money Motivated or Not
• [01:07] If you wouldn't mind could you share with us today a little bit about where you came from and what inspired you to get to where you are today?
• [01:30] Susan: I have a motto and that is I teach what I most need to learn. My quest is understanding the motivation behind what we do and what we don't do
• [03:35] People say that I'm a motivational speaker, but I have to correct them because I'm not a motivational speaker, I'm a researcher and a writer and a speaker who talks on the subject of motivation for science and how to use it
• [04:45] Kevin: So let's talk about the scientific meaning of this because you're saying that some motivational speakers have a model but it's just something they came up with due to their experience, not necessarily scientific (it might be factual but not scientific). So what are we talking about scientifically?
• [05:01] Susan: When I say scientific what I mean is empirically proven. So an example would be Maslow's Hierarchy of Needs
• [06:00] People latch on to theories or concepts without doing investigative work to say is there anything in this that's actually real/provable?
• [06:12] Kevin: In today's talk about Optimally Money Motivated or Not, is there a scientific way of looking at this?
• [06:18] Susan: Absolutely. If people texted 66866 with the word ARTICLES, I would be glad to send them these academic articles on money and motivation
• [06:45] The question I would ask is does money motivate people? And it's true. But there's two things we need to think about[06:53] Are there alternatives to being motivated by money that are more productive, that are healthier, that enable you to be more creative and innovative?[07:02] The answer to this is yes
• [07:04] If we can rather than being money motivated we shift our motivation away from the money and toward something else, then the money becomes the byproduct (it's what we end up with but not what we were seeking)
• [07:36] It's not just being motivated by something other than money, but you have to understand the reason that you're motivated by money if that's your motivation (the reason is what matters)[07:49] Where you can scientifically map it out
• [07:54] Kevin: I've noticed during the course of my life people have tried to quit smoking or get into better shape (things that are important that they know they should be doing)[08:15] Same thing is true for saving money for retirement....

In today’s world, we’re always looking for things that will bring us an abundance of wealth. Often times though, some of us go into a field of work that we don’t really enjoy doing. Today, WTR welcomes Cathleen Merkel, who helps her clients find their purpose and live the life they really love. In this episode, join us as we discuss why it’s important to fix your mindset and respect your values in order to attract wealth and satisfaction with what it is you do for a living.

Ingenious tactics to accumulate wealth, for people who see things differently.

Cathleen Merkel

Website

http://www.cathleenmerkel.com

LinkedIn URL

https://www.linkedin.com/in/cathleen-merkel/

Facebook URL

https://www.facebook.com/CathleenMerkelCoaching/

Twitter URL

https://twitter.com/CathleenMerkel7

NOTES

• [00:28] Kevin: Today, we're joined by Cathleen Merkel. We will be talking about how to build wealth by doing what you love, which is usually understated today.[01:04] A lot of people get into a career for various reasons, but it's not really what they want to do
• [01:22] Would you mind sharing a little bit about where you came from and what inspired you to get to where you are today?
• [01:41] Cathleen: I am supporting my clients with helping them live the life they really love.
• [01:50] A lot of coaches, facilitators, and trainers that I've met came to build their career based on their own story (in terms of childhood, how they've been raised, their career choices, etc.)
• [02:51] Kevin: My parents were raised after the Great Depression, and they were taught to save everything (it was just about survival and not about living)
• [03:19] Cathleen: I never realized what it actually meant to be living and I never thought about it because when you're being raised with a mindset of scarcity, money doesn't grow on trees so you're encouraged to get a safe job and earn money
• [03:39] I always had an inner urge (intuition) that made me think that I wanted to do something different than my corporate job[04:52] I made the decision when I was 26 to move to the U.K. (gave up my job and home)
• [05:21] I think the biggest changes I've made is to dive into roles and jobs that I really love doing, explore myself and how I operate with people, etc.
• [06:01] I really didn’t want to get to the stage where I say I have worked really hard with long hours and then one day wake up in my 70s and think that I've really missed out on my life with experiences that's created memories (losing touch with living)
• [06:53] Kevin: You were thinking about the opportunity costs of life basically. Opportunity cost is if you have a dollar, when you lose that dollar, you lose everything that dollar could have earned for you
• [07:25] Cathleen: For me, one of the biggest losses would be my freedom (to choose what work I do, where I live, who I want to spend my time with, etc.)[07:40] Living a wealthy life for me means living a life of freedom (financial freedom)
• [07:59] Kevin: Can we talk a little bit about what you see that has been going on with purpose versus wealth? I mentioned earlier that people go and get a job to try and make money, but they're not happy doing it (not living, not fulfilling a purpose)
• [08:23] Cathleen: You basically sell your time for money....

Relationships matter to people. Arguably, the single most influential relationship in your life is with money. Is the health of your money relationship good or bad? Chances are whichever direction it is, that’s how it effects your work and personal relationships, as well as how wealthy you’re able to become. Today, WTR welcomes Kimberly Spencer, an award-winning coach and founder of crownyourself.com as we discuss the Morality of Money in your life. Join us as we discuss the importance of gratitude and why blaming yourself and/or others could be a reason why your relationship with money might not be on the best terms.

Ingenious tactics to accumulate wealth, for people who see things differently.

Kimberly Spencer

Website: https://crownyourself.com

Facebook: https://www.facebook.com/CrownYourselfNow/

YouTube: https://www.youtube.com/c/CrownYourself

LinkedIn: https://www.linkedin.com/in/kimberlyspencer-crownyourself/

NOTES

• [00:50] Kevin: Kimberly is an award-winning, high performance coach and founder of crownyourself.com. Today, what we're going to talk about is morality of money. We all have relationships with money and it directly affects what kind of assets and success that we achieve in our life
• [01:10] Would you mind telling us a little about where you came from and what inspired you to get to where you are today?
• [01:36] Kimberly: My dad was an addict and has been for the past 30 years of my life, and yet he was able to successfully grow a multi-million dollar company with my mom
• [01:47] I grew up on the money struggle bus
• [02:03] People see what my parents have now and they assume that that's what I've always grown up with
• [02:57] I always saw that giving and generosity does come back (law of karma)
• [03:05] When you bless other people with your money, it comes back tenfold
• [04:22] Thinking in those creative ways as an entrepreneur really is necessary for the future
• [05:34] It's all about tapping into those tools and resources and just learning and allowing yourself to have a toddling period
• [05:44] Money is not taught in schools, which is doing a massive disservice education wise to kids when they're coming out into the world with this old-world mentality (if I go to school and get a job then I'll be set)
• [06:11] There's a reason why college enrollment has gone down (~20%) because people are seeing that you can make money online
• [07:13] I've noticed a direct correlation especially with my coaching clients that with the amount of time they spend in their genius zone and their relationship with money that directly impacts the income they're making in their business
• [07:30] The base of your business and your career is you
• [07:38] The way you relate to money, the way you experience money is the foundation on what you're bringing (especially to a business)
• [08:38] Kevin: If you don't have a healthy relationship with money, you're not going to have any of it
• [08:43] Kimberly: I wrote an article about what the relationship status is of your business
• [09:20] It's okay if you don't understand money if you haven't been taught (not your fault)
• [09:41] There's a couple different relationships with money that I've seen with my...

Laura Pennington Briggs

Website: http://www.betterbizacademy.com/

Website 2: http://sixfigurewritingsecrets.com/

Website 3: http://www.legalseowriter.com

LinkedIn: http://www.linkedin.com/in/laurapenningtonwrites

Facebook: https://www.facebook.com/laurapenningtoninternational/

Twitter: https://twitter.com/sixfigurewriter

YouTube: https://www.youtube.com/channel/UCGhKNcbq3QWhpgHZV4Y-xPQ

NOTES

• [00:37] Kevin: Laura Briggs is an author, freelancer, and speaker. What we're going to talk about today is the financial impact of working for yourself
• [01:07] Would you mind sharing a little bit about your background and what inspired you to get to where you are today?
• [01:24] Laura: I turned to a side hustle (working as a digital freelance writer)
• [01:30] My business ultimately grew to the point where it was too hard for me to hold down my day job and side hustle. So I moved that side hustle into my full time and that's what I've been doing for the last 6 years
• [02:10] Kevin: What are the pro's and con's about working for yourself other than being hard on yourself since you are your own boss?
• Laura:

1. [02:17] Pro's

• [02:19] Freedom and flexibility
• [02:24] Deciding how you'd like to spend your work hours per week
• [02:33] The potential to make more money
• [02:42] You set your rates and your fees and can add or remove things as it makes sense
• [02:48] More income flexibility
• [02:55] You get to decide who you work with

1. [03:08] Con's

• [03:09] You are your own boss
• [03:12] You have to work many hours especially in the start-up phase
• [03:21] Paying your own taxes
• [03:23] You don't necessarily get that money dropped into your bank account every 2 weeks
• [3:30] Have to account for self-employment tax, Medicare, social security, and income tax
• [03:45] Your business bleeds into every aspect of your life
• [04:02] Because so much of it is in your mind, it's always around (not as easy as a corporate job)
• [04:11] Kevin: What I have found with running WTR is there's a lot of prep work before you actually start the podcast (research and new...

Ingenious tactics to accumulate wealth, for people who see things differently.

Colin Gray

Website: https://www.thePodcastHost.com

Website: http://hostileworlds.net

LinkedIn: http://Uk.linkedin.com/in/colinmcgray

Facebook: https://www.facebook.com/thepodcasthost

Twitter: http://twitter.com/thepodcasthost

YouTube: https://www.youtube.com/user/colinmcgray

NOTES

• [00:26] Kevin: Today's we're joined by Colin Gray, founder of The Podcast Host
• [00:58] Today, we're going to be talking about podcasting to grow your business
• [01:03] Would you give our listeners a little background about where you came from and what inspired you to get to where you are today?
• [01:22] Colin: I was a teacher back in the day. I taught lectures how to use technology in their teachings
• [01:38] I was asked to learn how podcasting works so that I could teach it to the lectures
• [01:57] It's so personal; the attention is great (people can listen for a while)
• [02:48] Today, we teach people how to run a podcast
• [03:04] The whole aim is to make podcasting easy and to help anyone run their own podcast if they want
• [03:53] Kevin: Why do you think podcasting is so important for any business owner today?
• [03:58] Colin: The complaint I hear most often from people who want to start a podcast: how do I differentiate? How do I get more customers to find us?
• [04:26] In terms of blogs, it's hard for you to get your personality across (you have to be a really good writer to convey who you are as a person)
• [04:45] In terms of videos, you can start to get your personality across more so people can find out about you, but it's hard to make (a lot of technology needed and intimidation)
• [04:57] In terms of podcasts, it is a way that you can create some content that shows people your personality, why you're different from your competition, and it's really easy to make
• [05:15] Very personal (connect with people... trust building)
• [06:04] Attention (people listen for a long time)
• [08:24] Kevin: What would our listeners need to get started if they want to start a podcast channel?
• [08:31] Colin: You actually don't need a lot, you can start really simply
• [08:37] People procrastinate on starting their podcast (worrying about insignificant things)
• [08:48] You need really simple gear to get started so there's nothing stopping you from recording
• [09:02]...