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The Worth Project Podcast


Apr 9, 2019

Four years ago one of the first articles I was asked to write was about money mindset. And let me tell you, I gave it one big old eye roll.

Honestly, I thought money mindset was a joke. A sham. If there wasn’t real data and studies on it, it must not exist.

To me, money was just numbers. You save, you invest, and eventually, you retire. The numbers work and that’s all there is to it.

Guys, I was wrong.

I have done a full 180 - we both have - with our money mindset. This is such a hard one to talk about because it’s not concrete. There are no numbers. There’s nothing to say that we’re right or wrong or will change our mindset in the future.

And funny enough, we don’t talk about this with any of our friends. We talk about it a lot with each other.

We’ve come a long way, but we still have a long way to go. But we want to put this out there in case anyone is starting to think about their money mindset and how that relates to how they manage their money. And the things they do in life.

We discuss the following five shifts.

  • Shift #1: Those are old stories
  • Shift #2: You don’t have to save to spend
  • Shift #3: What’s with all this stuff?
    • “The cost of a thing is the amount of what I call life which is required to be exchanged for it,” - Henry David Thoreau
  • Shift #4: Think in terms of opportunities
  • Shift #5: Money can buy you freedom
    • We are not talking about FIRE (financial freedom, retire early)

Check out the show notes for pictures and details from the show!

http://theworthproject.co/2019/04/09/our-money-mindset-shifts/

 

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