The Mastermind Within Podcast https://www.themastermindwithin.com/blog/ Unlocking Your Inner Full Potential in Entrepreneurship, Personal Finance, and Self Improvement Fri, 23 Aug 2019 19:03:01 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.2 https://i2.wp.com/www.themastermindwithin.com/wp-content/uploads/2019/02/cropped-lightbulb.png?fit=32%2C32&ssl=1 The Mastermind Within Podcast https://www.themastermindwithin.com/blog/ 32 32 Are you a mastermind? Would you like to unlock your full inner potential? With your host, Erik, blogger, entrepreneur, investor, and consultant, you will learn various tips from his experience with personal finance, self-improvement and entrepreneurship. In addition, other highly successful and motivated individuals will be included on the show - and you'll be introduced to many ideas to implement in your life. "Your level of success rarely exceeds your level of personal development, because success is something you attract by the person you become." - The Miracle Morning. The Mastermind Within hopes to build a collaborative community where ideas can flow openly, and community members can build knowledge and experience amazing personal growth. The Mastermind Within Podcast clean episodic The Mastermind Within Podcast etozier24@gmail.com etozier24@gmail.com (The Mastermind Within Podcast) Self Improvement and Personal Finance Tips for Highly Motivated Millennials The Mastermind Within Podcast https://www.themastermindwithin.com/wp-content/uploads/powerpress/The_Mastermind_Within_Podcast.jpg https://www.themastermindwithin.com/blog/ 9 Ways to Save Thousands of Dollars Every Year https://www.themastermindwithin.com/9-ways-save-thousands-dollars-every-year/ Mon, 19 Aug 2019 03:14:54 +0000 https://www.themastermindwithin.com/?p=3195 https://www.themastermindwithin.com/9-ways-save-thousands-dollars-every-year/#respond https://www.themastermindwithin.com/9-ways-save-thousands-dollars-every-year/feed/ 0 <img data-pin-url="https://www.themastermindwithin.com/9-ways-save-thousands-dollars-every-year/" width="300" height="188" src="https://i2.wp.com/www.themastermindwithin.com/wp-content/uploads/2019/01/make-money-and-invest.jpg?fit=300%2C188&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="credit card debt" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>There are many ways to improve your financial situation: increasing your income, decreasing your spending, getting out of debt, etc. One of the easiest ways people can improve their situation instantly is to cut costs and lower their expenses.  It ... </p> <div><a href="https://www.themastermindwithin.com/9-ways-save-thousands-dollars-every-year/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/9-ways-save-thousands-dollars-every-year/">9 Ways to Save Thousands of Dollars Every Year</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p>

There are many ways to improve your financial situation: increasing your income, decreasing your spending, getting out of debt, etc.

One of the easiest ways people can improve their situation instantly is to cut costs and lower their expenses.  It doesn’t cost anything to stop spending money – just a little willpower.

Today, I will be sharing with you nine ways to start saving money – and all of these are strategies you can put into action today.

Let’s get into these 9 ways to save more money starting today.

9 Ways to Save Thousands of Dollars Starting Today

There are a number of ways to save money each and every day. I’ll give you nine in this article that you can take a jab at working on right away:

  • Destroying your Debt
  • Meal Prep and Eating in
  • Couponing
  • Planning Ahead for Vacations
  • DIY Projects
  • Using the Library
  • Unsubscribe From Subscriptions
  • Practice Smart Banking
  • Taking Public Transportation

Let’s go into more detail for each of these money saving methods.

debt eliminationDestroy Your Debt

Debt is a huge expense for many people. For me, it’s my biggest expense: my mortgage payment is $1,702, and I need to pay it every single month.

For me to live in my house, since I’ve financed it with a mortgage, I’m paying around $20,000 a year to service the debt. That’s a lot of money each and every year for 30 years. Unfortunately, many people, including myself, currently have or have had student loans, auto loans, mortgages, and credit card debt.

The first way to save thousands of dollars is to destroy your debt. Pay a little bit extra on the principal of your loan and you’ll be able to pay it off earlier. Check out my these ways to get out of debt fast, and you’ll be on your way to debt freedom – plus, getting out of debt is pretty awesome psychologically speaking!

Meal Prep and Eating In

Eating out is really expensive. Baked in to the price is the cost of the food, the cost of the workers making your food, the cost of the property and all that entails, taxes, etc.

A meal for one person these days can easily run you $10+ a pop – and that doesn’t even include a tip.

Alternatively, meal prepping, bulk cooking, and eating in can help save a lot of money.

For example, in Minnesota where I live, I can get a dozen eggs for $1. I typically will eat 4 eggs, and add in a banana and apple and call that a meal. This “meal” will cost me about $2.

Now, if I wanted to go out for breakfast, this same meal would probably cost around $13. Added up every single day of the year, and all of a sudden that $10 meal becomes $3,650!

Try eating in just once more per week and see how much more money you can save.

Use Coupons

Saving a dollar on 10 items each week can add up over a year. Saving an extra $10 a week is over $500 a year!

Just the simple act of looking at a coupon book and seeing if there are any deals on what you usually buy can help save a few hundred bucks per year.

My mom is an avid couponer. She spends a few hours each week looking through ads to make sure the family can save a few bucks here and there. Over many, many years, these savings add up!

Plan Ahead for Vacations

save money on vacationsIt’s no secret that transportation, especially air transportation, costs a lot of money.

One way to save more money on vacations is by planning ahead and buying your airfare in advance – whether that’s many months or even close to a year.

I went to Las Vegas at the end of June.  It was a last minute decision on my part – and for that, I paid the price.

For a flight from Minneapolis to Las Vegas, on such short notice, I paid almost $650!

If I had been able to check ahead, say, six months in advance, my flight would have been far less – around the $200 figure. That’s a $450 difference!

Imagine the amount of savings if you had a family or partner.  It’d make this savings even more significant: $450 savings across 4 people is some serious moolah!

DIY Projects

Going to the store and buying a new desk, bench, or storage rack can be a little bit spendy. If you’re handy (or even into learning some new skills), why not go to the hardware store and buy a few 2×4’s and get the job done yourself for cheap?

I did this last year: I went and created a ton of storage space for myself with a few 2×4’s and just a few hours of work. There are so many ways to DIY simple projects, and even if you don’t know how YET, you can always learn something new, especially with things like step-by-step YouTube videos, books, and internet articles.

 

9 ways to save thousands of dollars every year

 

Use the Library

Going to the library, getting a library card, and using it to further your education can go a long way in saving money on books and learning materials.

Books from Amazon or Barnes & Noble typically cost anywhere between $10 to $20 a book.  Most libraries have any book you could ever want, including other forms of popular media like movies, television shows, ebooks, audiobooks, etc

This year, I’ve spent $250 on books from Amazon. While I’m happy to do it because it’s bettering myself, I also find myself thinking about how that money could be better served.

That $250 could’ve been put into the bank, or used to fund an investment!

Going to the library and renting your books and movies could help save a few hundred bucks a year.

You can also find other surprising ways to save more money by using the library; I’ve heard of libraries that rent out things like kayaks, cooking equipment, and even zoo and museum passes. Get to know what your library offers and you may find endless ways to save!

Unsubscribe

Monthly subscriptions are dangerous for someone trying to keep their expenses low. Each and every month, you are on the hook for another payment.

What is necessary in your life? Do you really need that subscription to your favorite magazine?  What about the $60 a month subscription for new clothes (something my old roommate had)?

Take a tally of your current monthly subscriptions, and make sure you’re not missing any! Figure out what is necessary and remove what isn’t.

eliminate expensesBank, ATM and Overdraft Fees

A recent study puts the cost of transacting in cash at $200 billion a year – because of different banking fees.

If you need cash, find an ATM that is in your network and take out cash for free. ATM fees typically are at least $3 per transaction.

If we pay attention to where we are, we can usually find an in-network ATM.  But what if you can’t?  It’s always worth calling your bank and asking for a fee to be reversed. They should understand, and if you’re nice and polite, they should do it for you.

Overdraft fees are another hassle, and they make the least sense to me – if you keep money in your bank account and you’re keeping track of how much you’re spending, you shouldn’t be overdrawing your account.

Finally, there are so many free checking account options out there, either through basic packages at banks or credit unions, that it doesn’t make sense to pay bank fees to use your own money.

Stop paying to bank, and remove a few hundred dollars in expenses over the next year.

Public Transportation

Cars are super expensive.

Not only that, but add in insurance premiums (especially if you have a nice car), maintenance, gas, and parking, and a person can easily spend $5,000 to $10,000 a year or more just in transportation costs.

I personally spend a little over $2,000 on my car a year just for check-ups, insurance, and gas.

Instead of driving to work each day, I take the bus. It costs me $50 a month but is much less stressful than driving – plus, no wear and tear on my car!

Another alternative is riding your bike to work – as many people of the frugality mindset do. Plus, it’s great exercise!

Ways The Mastermind Within Community Members are Saving Money

One of the great things about having readers is being able to ask them about their strategies for financial success.  A number of people contributed to the question of the best ways they save money.

Dylan, a friend and blogger at Trail to FI, saves money by staying home!  Here’s what he had to say about saving money:

Don’t go shopping! The easiest way to avoid temptation is to not put yourself in the situation where you might be tempted. I used to browse daily deal websites and end up buying gadgets that I didn’t really need. Now I just don’t visit those sites.

A number of people say they use automation and a strategy of paying themselves first.

Cynthia, an avid reader, says she can’t spend what she can’t access.

On the first day of the month, we transfer a specific dollar amount into our savings.  We live below our means and we drive modest cars. We use a budget and we save 10% in retirement accounts and 35% in after-tax accounts.

Another reader, Diego, does the same:

Save it before you see it. State specific quantities in your one-year​ and five-year goal planning. Monitor, track, and document these goals (very important!) and re-assess the quantities if needed. Check your progress for the yearly goals every 3 months and every year for the five-year goals.

It seems that there are many different ways to save money – I love hearing about what other people are doing to become better and improve their situation!

 

Save More Money Today With These Ways to Save Money

I hope you can incorporate at least one of these tips into your life and start saving thousands of dollars a year. Maybe, you will take all nine and look to cut costs and eliminate what is not necessary.

There are so many ways to either increase your income or decrease your expenses. Figure out which one you would prefer and you’ll be on your way to increasing your savings rate, net worth, and your financial situation.

Take a stand and start saving some more money today!

Ways To Save $1000 Dollars

The post 9 Ways to Save Thousands of Dollars Every Year appeared first on The Mastermind Within.

]]>
There are many ways to improve your financial situation: increasing your income, decreasing your spending, getting out of debt, etc. One of the easiest ways people can improve their situation instantly is to cut costs and lower their expenses.  It ... One of the easiest ways people can improve their situation instantly is to cut costs and lower their expenses.  It doesn’t cost anything to stop spending money – just a little willpower.
Today, I will be sharing with you nine ways to start saving money – and all of these are strategies you can put into action today.
Let’s get into these 9 ways to save more money starting today.
9 Ways to Save Thousands of Dollars Starting Today
There are a number of ways to save money each and every day. I’ll give you nine in this article that you can take a jab at working on right away:

* Destroying your Debt
* Meal Prep and Eating in
* Couponing
* Planning Ahead for Vacations
* DIY Projects
* Using the Library
* Unsubscribe From Subscriptions
* Practice Smart Banking
* Taking Public Transportation

Let’s go into more detail for each of these money saving methods.
Destroy Your Debt
Debt is a huge expense for many people. For me, it’s my biggest expense: my mortgage payment is $1,702, and I need to pay it every single month.
For me to live in my house, since I’ve financed it with a mortgage, I’m paying around $20,000 a year to service the debt. That’s a lot of money each and every year for 30 years. Unfortunately, many people, including myself, currently have or have had student loans, auto loans, mortgages, and credit card debt.
The first way to save thousands of dollars is to destroy your debt. Pay a little bit extra on the principal of your loan and you’ll be able to pay it off earlier. Check out my these ways to get out of debt fast, and you’ll be on your way to debt freedom – plus, getting out of debt is pretty awesome psychologically speaking!
Meal Prep and Eating In
Eating out is really expensive. Baked in to the price is the cost of the food, the cost of the workers making your food, the cost of the property and all that entails, taxes, etc.
A meal for one person these days can easily run you $10+ a pop – and that doesn’t even include a tip.
Alternatively, meal prepping, bulk cooking, and eating in can help save a lot of money.
For example, in Minnesota where I live, I can get a dozen eggs for $1. I typically will eat 4 eggs, and add in a banana and apple and call that a meal. This “meal” will cost me about $2.
Now, if I wanted to go out for breakfast, this same meal would probably cost around $13. Added up every single day of the year, and all of a sudden that $10 meal becomes $3,650!
Try eating in just once more per week and see how much more money you can save.
Use Coupons
Saving a dollar on 10 items each week can add up over a year. Saving an extra $10 a week is over $500 a year!
Just the simple act of looking at a coupon book and seeing if there are any deals on what you usually buy can help save a few hundred bucks per year.
My mom is an avid couponer. She spends a few hours each week looking through ads to make sure the family can save a few bucks here and there. Over many, many years, these savings add up!
Plan Ahead for Vacations
It’s no secret that transportation, especially air transportation, costs a lot of money.
One way to save more money on vacations is by planning ahead ...]]>
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Get Out of Debt Fast Using Simple Debt Payoff Methods https://www.themastermindwithin.com/become-debt-free-using-avalanche-snowball-methods/ Wed, 31 Jul 2019 13:11:24 +0000 https://www.themastermindwithin.com/?p=4285 https://www.themastermindwithin.com/become-debt-free-using-avalanche-snowball-methods/#comments https://www.themastermindwithin.com/become-debt-free-using-avalanche-snowball-methods/feed/ 6 <img data-pin-url="https://www.themastermindwithin.com/become-debt-free-using-avalanche-snowball-methods/" width="300" height="200" src="https://i2.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/04/andrew-coelho-46450-unsplash.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="become debt free with avalanche method" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>What would life be like if you didn’t have debt? How would you spend your time? What would the freedom feel like? Being in debt restricts your ability to be free. Being debt free allows you to do what you ... </p> <div><a href="https://www.themastermindwithin.com/become-debt-free-using-avalanche-snowball-methods/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/become-debt-free-using-avalanche-snowball-methods/">Get Out of Debt Fast Using Simple Debt Payoff Methods</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p>

What would life be like if you didn’t have debt? How would you spend your time? What would the freedom feel like?

Being in debt restricts your ability to be free.

Being debt free allows you to do what you want – without being tied to the expectations of a bank or another individual.

Many people ask, “How can I become debt free? What are the steps to becoming debt free?”

In this post, I will be answering those questions, talking about what debt actually is, and providing you two great strategies for eliminating your debt. You will learn how to become debt free using the debt avalanche and debt snowball methods.

Let’s destroy that debt!

What is Debt?

First, what is debt?

Debt is money that you owe someone else. That someone could be a bank, another business, or a friend or individual.

For repayment, there are terms and conditions associated with certain kinds of debt.

For example, banks lend individuals hundreds of thousands of dollars for a house and allow those individuals to pay back the money over 360 months (30 years).

In addition, there is an interest rate associated with your debt. This interest is the “cost of the loan” to you – no one is going to give you money for free!

Each month, you will have a payment and this payment will be part principal pay down, and part interest.

A Debt Payment Example

personal finance is personalLet’s say you have a $20,000 loan with a 6% interest rate and a 10 year term. Using an online calculator, your monthly payment will be $222.04.

Over 10 years (120 months), this will cost you $6,867.01 in interest. If you pay $100 extra a month, you can cut the time you are paying off your debt to 6.25 years (75 months) and you will pay $4,008.09 in interest. By paying an extra $100 a month, you will save yourself $2,858.92 and will be debt free 3.75 years ahead of schedule!

As shown above, by paying extra each month, you can save money and reduce the amount of time to debt freedom.

In addition, once the debt is gone you effectively give yourself a raise; you have more money falling to the bottom line each month for you to save, invest, donate, spend, etc.

Another thing to note: debt is legally binding. If you don’t pay back your debt, there are many negative consequences that can happen:

  • Your credit score will tank and it will be more difficult to have a high credit score. Creditors report your delinquencies to the credit bureaus which are responsible for determining your credit score.
  • You could be sued. Creditors gave you money for you to use and then pay back over time. If successful, the creditor and court can have your paychecks garnished until the debt is repaid – which means you take home less money each month.
  • You might have to declare bankruptcy. Even though you will be able to get out of your debt, your credit will be ruined and your ability to get new credit will be destroyed.

Being responsible with your debt is very important because there are actually some benefits of having debt.

Is all debt bad? Is there such a thing as good debt?

In general, I believe debt is bad – and many other personal finance bloggers and experts believe debt is bad as well.

That being said, I do think there are cases in which debt can be a good thing. (Remember, personal finance is personal – some people hate debt and believe all debts are bad.)

There are two conditions to meet for my classification of “good debt”:

  • First, look at the underlying asset you are buying or receiving.
    • If this underlying asset has the potential to appreciate, or increase in value, in the future, then it’s acceptable, “good debt.”
    • Some assets I’m referring to in this case would be a house (houses have potential to appreciate over time, and provide you shelter), education (you have to be careful here, but more education can result in higher pay), or a business (a start-up loan).
  • Second, look at the interest rate.
    • There is an opportunity cost calculation to do.
    • Follow the financial theory: if your after-tax return on investments is greater than your after-tax cost of debt, then it’s acceptable to keep your debt.

Everything else is bad debt.

Credit card payments with an interest rate of 20%? Bad debt.

A home loan at 4%? Potentially good debt.

A student loan at 8%? I’m going to go with bad debt. There is, of course, the option to refinance student loans to get a more favorable interest rate.

A car loan at 2%? This one is tricky – cars are depreciating assets, but the interest rate is so low it’s probably fine.

Again, personal finance is personal and depends on your goals. If wealth is your goal, it’s okay to carry some debt. If freedom is your goal, crushing your debt should be your #1 priority.

Strive to be Debt Free and Free Yourself

The word mortgage is derived from a “Law French” term used by English lawyers in the Middle Ages meaning “death pledge“, and refers to the pledge ending when either the obligation is fulfilled or the property is taken through foreclosure.

Literally, mortgage = death pledge.

“A man in debt is so far a slave.” – Ralph Waldo Emerson

Debt is horrible: it is mentally draining, financially draining, and affects your entire life if you are weighed down by the large barbell of debt.

I want you to experience amazing freedom. Make getting out of debt a goal, and I’m certain you will feel like a weight has been lifted off of your shoulders once you reach that goal.

Think about it: with no debt, you wouldn’t be a slave to the bank, or to anyone. You’d have more money at the end of the month, and with more money, you’d have more options.

Unfortunately, today, I had to wake up and go to work because without my income, I couldn’t pay my mortgage. Until I sell my house, or pay off my mortgage, I have to continue working.

Two Strategies to Become Debt Free

There are two main strategies to become debt free fast. The two methods for becoming debt free are the debt avalanche method, and debt snowball method.

These methods are pretty straightforward. First, compile a list of your debts and their interest rates. After compiling this list, you will then pay a little extra towards a certain debt as determined by whichever method you pick.

By paying a little extra each month, you will be able to take advantage of some huge interest savings (as we will see a little bit later in this post).

The Debt Avalanche Method

become debt free with avalanche methodUsing the Debt Avalanche Method, you pay off your debts by paying extra toward your debt with the highest interest rate first. .

Once you have paid off the highest interest rate debt, you put the entire paid off debt’s payment plus the same extra amount towards the next highest until all debt is paid off.

For example, let’s say you have two debts: one at 20% interest rate, with a minimum payment of $200, and balance of $2,000, and the other debt with a 10% interest rate, a minimum payment of $150, and balance of $1,000. You decide you can put an extra $50 towards your debt a month.

Using the Debt Avalanche Method, you would put $250 towards the first debt and $150 to the second debt.

Over time, the first debt will be paid off faster than it would if you just paid the minimum payment. If the first debt is paid off before the second, then you put all $250 towards the second debt, for a total of $400 a month, until the second debt is paid off.

The Debt Avalanche Method is the mathematically optimal debt pay down strategy.

The Debt Snowball Method

Using the Debt Snowball Method, you pay off your debts by paying extra toward your smallest balance debt first. Once you have paid off the smallest balance debt, you put that payment towards the next smallest until all debt is paid off.

Many people like the Debt Snowball Method because psychologically, you can generally see your debt accounts disappear faster. If you have a $1,000 loan and a $5,000 loan, it feels good to have the $1,000 loan gone.

Let’s go back to our example with two debts: one at 20% interest rate, with a minimum payment of $200, and balance of $2,000, and the other debt with a 10% interest rate, a minimum payment of $150, and balance of $1,000. Again, you will put an extra $50 towards your debt a month.

Using the Debt Snowball Method, you would put $200 towards the first debt and $200 to the second debt, because the second debt is smaller in balance.

The Debt Snowball Method is not mathematically optimal, but is still better than applying no strategy at all.

Your Savings by Paying Extra Each Month

I created an example where the user had 2 credit cards, a mortgage, an auto loan, and a student loan totaling $246,500.

debt destruction tool input accounts

By paying an extra $25 a month and applying a debt pay down method, in this example, there is potential savings of at least $49,915!

debt paydown faster

How is this savings achieved?

Looking at the left hand side of the figure below, you can see in the Avalanche method, we are paying off the highest interest rate debts first.

Looking at the right hand side of the figure below, you can see in the Snowball method, we are paying off the smallest balance debts first.

By paying just a little bit more, debt can be eliminated quick, and our user became debt free with some solid cash savings.

debt pay down order

I’ve also included some statistics if you increase your extra debt payments by $100. The difference is fairly substantial just by paying an extra $100 a month!

In our example, the user started out with $246,500 in total debt. If no method was used, it would take 290 months (just over 24 years) and cost $371,109 to become debt free.

By paying $25 extra a month, the user is able to save nearly $50k, and chop off 140 months (nearly 12 years) off their payment plan! If the user could find an extra $100 in their budget, they could save an additional $12,000 and be debt free 158 months sooner!

With either choice of debt destruction method, you will save money, and be on your way to financial freedom!

Destroy that Debt! Become Debt Free

While the tone of this post was mostly to eliminate your debt, there are times when having debt makes sense.

Remember, personal finance is personal, and if it makes sense for you to take on debt for a certain period of time, then as long as it fits into your future goals and plans, then do it!

Right now, I have $12,000+ sitting at 0% for 3 years for some windows I got back in November. While yes, it’s a $12,000 expense, since it is 0% interest, I don’t pay an extra dime on interest, and when I pay it off in full in 28 months, I’ll be quite happy.

I ran the numbers and it made sense to me. Those windows have made this Winter in Minnesota much nicer, and they have also increased my home value.

Debt is something that can be used wisely and something you should be very careful with.

You now have a great resource for answering the questions: what is debt, is there a difference between good debt and bad debt, and how you can become debt free using the debt avalanche and debt snowball methods.

Readers: what is your opinion on debt? Are there good and bad debts, or is all debt bad? What debt elimination method do you like better?

Erik

How to pay off debt. Debt snowball or debt avalanche. What is debt snowball. What is debt avalanche. Easy ways to pay off debt. Debt freedom. Quick ways to crush debt. Money tips. Personal finance tips. #money #debt #debtsnowball #debtavalanche #debtfree

How to pay off debt. Debt snowball or debt avalanche. What is debt snowball. What is debt avalanche. Easy ways to pay off debt. Debt freedom. Quick ways to crush debt. Money tips. Personal finance tips. #money #debt #debtsnowball #debtavalanche #debtfree

How to pay off debt. Debt snowball or debt avalanche. What is debt snowball. What is debt avalanche. Easy ways to pay off debt. Debt freedom. Quick ways to crush debt. Money tips. Personal finance tips. #money #debt #debtsnowball #debtavalanche #debtfree

How to pay off debt. Debt snowball or debt avalanche. What is debt snowball. What is debt avalanche. Easy ways to pay off debt. Debt freedom. Quick ways to crush debt. Money tips. Personal finance tips. #money #debt #debtsnowball #debtavalanche #debtfree

How to pay off debt. Debt snowball or debt avalanche. What is debt snowball. What is debt avalanche. Easy ways to pay off debt. Debt freedom. Quick ways to crush debt. Money tips. Personal finance tips. #money #debt #debtsnowball #debtavalanche #debtfree

How to pay off debt. Debt snowball or debt avalanche. What is debt snowball. What is debt avalanche. Easy ways to pay off debt. Debt freedom. Quick ways to crush debt. Money tips. Personal finance tips. #money #debt #debtsnowball #debtavalanche #debtfree

Eliminate your debt with the debt snowball or debt avalanche method

 


Pay Off Debt Faster With This Debt Destruction Tool

Pay Off Debt Fast With The Snowball Or Avalanche Method
Pay Off Debt Fast With The Snowball Or Avalanche Method
Pay Off Debt Fast With The Snowball Or Avalanche Method

The post Get Out of Debt Fast Using Simple Debt Payoff Methods appeared first on The Mastermind Within.

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What would life be like if you didn’t have debt? How would you spend your time? What would the freedom feel like? Being in debt restricts your ability to be free. Being debt free allows you to do what you ... Read More Being in debt restricts your ability to be free.
Being debt free allows you to do what you want – without being tied to the expectations of a bank or another individual.
Many people ask, “How can I become debt free? What are the steps to becoming debt free?”
In this post, I will be answering those questions, talking about what debt actually is, and providing you two great strategies for eliminating your debt. You will learn how to become debt free using the debt avalanche and debt snowball methods.
Let’s destroy that debt!
What is Debt?
First, what is debt?
Debt is money that you owe someone else. That someone could be a bank, another business, or a friend or individual.
For repayment, there are terms and conditions associated with certain kinds of debt.
For example, banks lend individuals hundreds of thousands of dollars for a house and allow those individuals to pay back the money over 360 months (30 years).
In addition, there is an interest rate associated with your debt. This interest is the “cost of the loan” to you – no one is going to give you money for free!
Each month, you will have a payment and this payment will be part principal pay down, and part interest.
A Debt Payment Example
Let’s say you have a $20,000 loan with a 6% interest rate and a 10 year term. Using an online calculator, your monthly payment will be $222.04.
Over 10 years (120 months), this will cost you $6,867.01 in interest. If you pay $100 extra a month, you can cut the time you are paying off your debt to 6.25 years (75 months) and you will pay $4,008.09 in interest. By paying an extra $100 a month, you will save yourself $2,858.92 and will be debt free 3.75 years ahead of schedule!
As shown above, by paying extra each month, you can save money and reduce the amount of time to debt freedom.
In addition, once the debt is gone you effectively give yourself a raise; you have more money falling to the bottom line each month for you to save, invest, donate, spend, etc.
Another thing to note: debt is legally binding. If you don’t pay back your debt, there are many negative consequences that can happen:

* Your credit score will tank and it will be more difficult to have a high credit score. Creditors report your delinquencies to the credit bureaus which are responsible for determining your credit score.
* You could be sued. Creditors gave you money for you to use and then pay back over time. If successful, the creditor and court can have your paychecks garnished until the debt is repaid – which means you take home less money each month.
* You might have to declare bankruptcy. Even though you will be able to get out of your debt, your credit will be ruined and your ability to get new credit will be destroyed.

Being responsible with your debt is very important because there are actually some benefits of having debt.
Is all debt bad? Is there such a thing as good debt?
In general, I believe debt is bad – and many other personal finance bloggers and experts believe debt is bad as well.
That being said, I do think there are cases in which debt can be a good thing. (Remember, personal finance is personal – some people hate debt and believe all debts are bad.)
There are two conditions to meet for my classification of “good debt”:

* First, look at the underlying asset you are buying or receiving.
]]>
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Have a Growth Mindset and Be Unafraid to Say I Don’t Know https://www.themastermindwithin.com/growth-mindset-for-success/ Thu, 25 Jul 2019 01:32:27 +0000 https://www.themastermindwithin.com/?p=3451 https://www.themastermindwithin.com/growth-mindset-for-success/#comments https://www.themastermindwithin.com/growth-mindset-for-success/feed/ 8 <img data-pin-url="https://www.themastermindwithin.com/growth-mindset-for-success/" width="300" height="200" src="https://i2.wp.com/www.themastermindwithin.com/wp-content/uploads/2019/07/side-hustle-success.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>“I KNOW!” “Erik, stop running to the corner away from the basketball. Run to the ball!” “I KNOW!” “You don’t know otherwise you wouldn’t do it!” I didn’t know. After each 9th grade basketball game, my dad would tell me ... </p> <div><a href="https://www.themastermindwithin.com/growth-mindset-for-success/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/growth-mindset-for-success/">Have a Growth Mindset and Be Unafraid to Say I Don’t Know</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p>

“I KNOW!”

“Erik, stop running to the corner away from the basketball. Run to the ball!”

“I KNOW!”

“You don’t know otherwise you wouldn’t do it!”

I didn’t know.

After each 9th grade basketball game, my dad would tell me what I could improve on. He’s been coaching for 20+ years, and playing sports his whole life. I was 14 years old and still learning about life.

I thought I knew.

I didn’t.

In this post, I’m going to talk about why having a growth mindset is essential for personal growth and improvement.

Adopting an I Don’t Know Mindset for Personal Growth

I’m a smart guy. This isn’t me bragging, this is a fact.

I can pick new topics and skills up quickly, I received A’s in school, and am able to connect with others on many different levels. I have 2 math degrees, am a reader of hundreds of books, and someone who is always looking to grow and improve my situation through what I’m learning on a daily basis.

I spend hours each week learning new things and apply them in my daily life.

Yet all of what I just mentioned doesn’t matter.

I’m self-aware. In particular, I’m self-aware that I know very little.

That’s right.

In the grand scheme of things, I don’t know much about anything.

That’s why I push to have what I call an “I don’t know mindset” (also called a growth mindset) in life and to live without ego towards my ideas and thoughts.

Dr. Carol Dweck, a pioneer in growth mindset research, defines it as “the understanding that abilities and intelligence can be developed.” Basically, the knowledge that even if you don’t know everything (none of us do, of course), you can always learn more and continue to develop and cultivate skills and knowledge!

“The only thing I know is that I know nothing, and I am no quite sure that I know that.” – Socrates

The Dunning-Kruger Effect and Perceived Knowledge

There are so many things I do not know. As humans, we tend to overestimate what we think we know.

There are two concepts I want to share with you now to illustrate my point.

The Dunning-Kruger Effect is shown in the chart below:

dunning-kruger effect

When starting out in a new field, we start to learn a little bit and become very confident in our ability to perform. Think about when you first started learning math. What was the first thing that was taught? Counting! 1, 2, 3, 4…

We were confident because we could count, but then came addition. Then came subtraction, and then came word problems and all the other mumbo jumbo math stuff I don’t want to talk about here.

As we learned more, it became more difficult, and we became more weary of our ability to perform.

As our level of experience grew, we tend to be less confident in our abilities.

Many of us stay at the initial level because we feel confident where we are in our knowledge.

There are so many people in America who think they are experts on what’s going on in Washington DC, or in the C-Suite at their company, and yet don’t have political science degrees, MBAs, etc. This is the Dunning-Kruger effect at work.

As You Start to Know More, You Realize You Know Less

What’s interesting to me is that as you learn more in a subject, you realize you actually don’t know anything in the subject. In addition, you realize how much more there is to know and find out.

We go from “I know nothing” to “I’m an expert” to “I know nothing” as our actual level of knowledge increases! See this illustrated in the chart below:

adopt an i don't know mindset

Like I mentioned above, there’s quite a bit I know and am looking to improve my knowledge on. What I’m realizing more and more though is that I really don’t know anything.

Adopt a Growth Mindset and Become More Successful

Would there be a point to learning if you knew everything? No.

There would be no point to being curious or asking questions about the world or other people. Frankly, life would probably be pretty boring.

I’m suggesting working on adopting a growth mindset, or an “I don’t know mindset” for success.

How can you do this?

There are a few strategies that I’ve employed over the years to adopt a growth mindset myself.

  1. Live without an Ego
    • There are 7 billion people and counting on this Earth. Do I really matter in the grand scheme of things? Does anyone actually care what I think? Am I better than anyone? The answer to all of these questions is NO.
    • Believing that everyone is unique and no one is below you will allow you to live without an ego and put yourself in the proper mindset.
  2. Ask Questions to Clarify the Situation
    • Where are you from? Why did you pick that major to study in college? What excites you about life? Why are you doing this job and not that job? How many kids do you have? Where is your favorite place to visit? Ask 100 people these questions and you will get 100 different answers.
    • Many of my mistakes at work came from a misunderstanding of the problem. Would you please clarify this piece? I think I know what you are saying, is it this? Is this problem similar to this other problem? Asking questions like these will help you get clarity into the situation and shows that you are open to growth and understanding.
  3. Become More Self Aware
    • As I’ve learned more, I’ve realized that I’m right with my intuition and thoughts quite often. That being said, I’m also cognizant that even if I’m right, there can be something I can add to my knowledge base. I don’t want to fall prey to the Dunning-Kruger effect! Instead, I want to have a growth mindset that says “I don’t know everything, but I am always learning new things.”
    • Realizing when you are right and when you are wrong will allow you to navigate various situations with ease.
    • For more information on becoming self aware and increasing your emotional intelligence, see these books for emotional intelligence.
  4. Always Look to Learn Something in Every Interaction
    • One thing I’ve tried to do is whenever I go to a new website, pick up a book, or start talking to someone new is try to play investigator and try to learn something from that person. Everyone and everything has a story. There are many reasons she is like that or he is doing this. Asking questions and getting to the root of the situation is a great strategy to add to your repertoire.

Confidence is Still Key

One clarification point I’d like to make here is if you know something, I’m saying if you really know it, then be confident.

Self-doubt and a lack of confidence will hinder your ability to succeed.

If you know something, it’s important to share what you know and help others. Whenever a knowledge gap exists, there is an opportunity to teach and learn.

If you are at work and your boss asks you a question, don’t say “I don’t know” if you know the answer. But if you don’t know the answer, instead of lying, make sure to say, “I’ll get back to you with a clear answer.” This is an example of using a growth mindset because while you’re admitting that you don’t have the answer, you’re also communicating that you will look into it and figure it out.

Conclusion

Adopting an “I don’t know mindset” will help you grow. Being curious, asking questions, and uncovering the details for yourself will allow you to become more knowledgeable and valuable over time.

Even experts never stop learning – there is always something to learn and add to your portfolio of knowledge or skill set.

I ask that after reading this post, that you go out and recognize how you act when you are in conversation with someone who incorrectly says a phrase or fact. I’d ask that you also recognize if you start to talk about a subject you don’t know too much about and talk about it like you are an expert.

While I do believe there exists a learning and teaching opportunity whenever a knowledge gap exists, being able to say, “I don’t know if I’m knowledgeable in this area to speak on the matter”, and then to go and figure out the problem or idea at hand will set you up for success more often than not.

The only thing I know is that I know nothing at all.

Be curious, be courageous and be tenacious. Cultivate a growth mindset.

Readers: when you approach a new problem, do you assess it from various angles? Are you set in your ways? When is it okay to say “I know”, and move on?

Erik

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Have a Growth Mindset and Be Unafraid to Say I Don't Know

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“I KNOW!” “Erik, stop running to the corner away from the basketball. Run to the ball!” “I KNOW!” “You don’t know otherwise you wouldn’t do it!” I didn’t know. After each 9th grade basketball game, my dad would tell me ... Read More “Erik, stop running to the corner away from the basketball. Run to the ball!”
“I KNOW!”
“You don’t know otherwise you wouldn’t do it!”
I didn’t know.
After each 9th grade basketball game, my dad would tell me what I could improve on. He’s been coaching for 20+ years, and playing sports his whole life. I was 14 years old and still learning about life.
I thought I knew.
I didn’t.
In this post, I’m going to talk about why having a growth mindset is essential for personal growth and improvement.
Adopting an I Don’t Know Mindset for Personal Growth
I’m a smart guy. This isn’t me bragging, this is a fact.
I can pick new topics and skills up quickly, I received A’s in school, and am able to connect with others on many different levels. I have 2 math degrees, am a reader of hundreds of books, and someone who is always looking to grow and improve my situation through what I’m learning on a daily basis.
I spend hours each week learning new things and apply them in my daily life.
Yet all of what I just mentioned doesn’t matter.
I’m self-aware. In particular, I’m self-aware that I know very little.
That’s right.
In the grand scheme of things, I don’t know much about anything.
That’s why I push to have what I call an “I don’t know mindset” (also called a growth mindset) in life and to live without ego towards my ideas and thoughts.
Dr. Carol Dweck, a pioneer in growth mindset research, defines it as “the understanding that abilities and intelligence can be developed.” Basically, the knowledge that even if you don’t know everything (none of us do, of course), you can always learn more and continue to develop and cultivate skills and knowledge!

“The only thing I know is that I know nothing, and I am no quite sure that I know that.” – Socrates

The Dunning-Kruger Effect and Perceived Knowledge
There are so many things I do not know. As humans, we tend to overestimate what we think we know.
There are two concepts I want to share with you now to illustrate my point.
The Dunning-Kruger Effect is shown in the chart below:

When starting out in a new field, we start to learn a little bit and become very confident in our ability to perform. Think about when you first started learning math. What was the first thing that was taught? Counting! 1, 2, 3, 4…
We were confident because we could count, but then came addition. Then came subtraction, and then came word problems and all the other mumbo jumbo math stuff I don’t want to talk about here.
As we learned more, it became more difficult, and we became more weary of our ability to perform.
As our level of experience grew, we tend to be less confident in our abilities.
Many of us stay at the initial level because we feel confident where we are in our knowledge.
There are so many people in America who think they are experts on what’s going on in Washington DC, or in the C-Suite at their company, and yet don’t have political science degrees, MBAs, etc. This is the Dunning-Kruger effect at work.
As You Start to Know More, You Realize You Know Less
What’s interesting to me is that as you learn more in a subject, you realize you actually don’t know anything in the subject. In addition, you realize how much more there is to know and find out.
We go from “I know nothing” to “I’m an expert” to “I know nothing” as our actual level of knowledge increases!]]>
The Mastermind Within Podcast clean 20:32 <iframe width="320" height="30" src="https://www.themastermindwithin.com/?powerpress_embed=3451-podcast&amp;powerpress_player=mediaelement-audio" frameborder="0" scrolling="no"></iframe>
Increase Savings Fast by Reducing These 3 Big Expenses https://www.themastermindwithin.com/increase-savings-manage-big-expenses/ Mon, 22 Jul 2019 01:01:11 +0000 https://www.themastermindwithin.com/?p=3136 https://www.themastermindwithin.com/increase-savings-manage-big-expenses/#comments https://www.themastermindwithin.com/increase-savings-manage-big-expenses/feed/ 4 <img data-pin-url="https://www.themastermindwithin.com/increase-savings-manage-big-expenses/" width="300" height="200" src="https://i1.wp.com/www.themastermindwithin.com/wp-content/uploads/2019/01/dollar-bills.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="side hustles" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>There are a number of ways for a person to improve their financial situation: increasing your income, increasing your savings rate, decreasing your expenses, or getting a windfall, to name a few. My goal is to increase my income, though ... </p> <div><a href="https://www.themastermindwithin.com/increase-savings-manage-big-expenses/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/increase-savings-manage-big-expenses/">Increase Savings Fast by Reducing These 3 Big Expenses</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p>

There are a number of ways for a person to improve their financial situation: increasing your income, increasing your savings rate, decreasing your expenses, or getting a windfall, to name a few.

My goal is to increase my income, though I’m always cognizant of the big three expenses: housing, transportation, and food.

These are called the big three because, typically, they will be your three biggest yearly expenses (shocking right?). Reducing expenses in these areas will have the biggest impact on your financial situation.

Yes, it’s easy to look at that $4 latte each day and think dropping that will help reduce your expenses, but honestly, $4 a day is $120 a month – not a crazy amount of money.

Switching houses or apartments could result in a $500 per month saving with little to no effort – and you’re still caffeinated. 🙂

I believe we all should be cognizant of these three expenses.

Here are some tips and tricks for saving more money on your three biggest expenses.

How to Reduce Housing Costs

In real estate, the main determinant of housing cost is location.

“Location, location, location!” you will hear, and it’s true.

The areas where there is higher demand, due to better schools, better jobs, and better attractions, will be more expensive than areas where there is lower demand.

An obvious way to reduce your housing cost is to downsize to a smaller house or apartment. In the metropolitan area I live, a 3000 square foot house might cost in the range of $350,000 to $450,000.  A 1500 square foot house, on the other hand, might cost in the range of $200,000 to $250,000.

This immediate cost savings of $100,000 to $200,000 adds up quickly when you consider savings on interest, property taxes and insurance.

For a 30-year home mortgage at 5% interest for $400,000, you can expect to pay nearly $375,000 in interest over 30 years.

Compare that to a $200,000 home, also at 5% interest and over a 30 year period, and you will only end up paying $186,000 in interest.

That’s a savings of nearly $200,000 over 30 years – just in interest!

Another way to reduce housing costs is to share your housing space with roommates. When you are single, this is easy – just grab a friend or two and divvy up the rent and utilities to share with your friends.

If you are married, and/or have kids, then it might be a little bit more difficult to get roommates. Luckily, there are other ways to share space, while also reducing your housing costs.

House Hacking

I’m a huge fan of house hacking. I bought a single family house in 2015, and rented it out to three friends while I also lived there.

Because of this, I earned over $39,000 in 2 and a half years – just by house hacking!

rental income house hacking

My rental income from the last couple of years.

While this sounds impressive, there have been dozens of other more successful house hackers.

One of my fellow personal finance and real estate bloggers, Guy on FIRE, has amassed a nearly $500,000 net worth by age 30 through house hacking and real estate.

By buying a multi-unit property (such as a duplex or triplex), you can have the privacy of a single family home, and rent out the remaining units to cover your mortgage and reduce your housing costs.

Using AirBnB

Another way to save more money on housing costs is to rent out your unused space through AirBnB.

I’ve never stayed in an AirBnB and I’ve never personally rented out space using the platform, but I know of many people who are successfully doing this. One of them is my friend Financial Panther, who rents out one of his rooms on AirBnB.

He makes a pretty good amount each month, which is helping to cover part of his mortgage.

There are many ways to reduce housing costs, and depending on your level of comfort with renting out your house to others, there are various solutions you can try.

 

How to Reduce Transportation Costs

Unless you work from home, or are a hermit, there’s a good chance you use some form of transportation. Going to work, going to the gym, traveling to see friends and family – there’s always somewhere to be and people to hang out with.

Saving money on transportation is similar to housing in that if you want to own a car, buy something that is used and affordable. You’ve probably heard that when a new car rolls off the lot for the first time, the car loses 10%+ in value, just like that.

Therefore, if wealth is a goal of yours, buying a new car for $40,000 might not be the best choice, since in the first day of driving, you lose $4,000. Buying a used car for $20,000 or less might be a better choice for reducing expenses in the long term.

I bought a used 2014 VW Jetta for $13,000. It runs like new, and gets 37 mpg on the highway. I love it and since I own it in full, and drive it a few thousand miles a year, I’m going to get my money’s worth over 15-20 years. I could have bought a nicer car, but then I might still be paying for it many years later.

 

Riding Bikes and Taking Public Transportation

As the push for green travel takes place in many cities around the world, biking and public transportation continue to be a great option for people who want to reduce transportation expenses. I take the bus to work every day and pay $50 a month for the bus pass.

If I was going to drive, this would result in wear and tear on my car, $10+ a day in parking costs, and additional gas costs from filling up once or twice a week. All of this totaled up could add a few hundred more dollars to my monthly expenses.

Instead, I’ll pay my $50 and get a little bit of reading done on the bus!

Other people bike every day to work, get their exercise, and save the $50 I’ve been spending monthly to further save money on transportation costs!  I applaud the people in Minnesota who bike to work in the freezing temperature. It’s bad enough standing at the bus stop in 0 degree weather!

By driving something a little more affordable, using public transportation or riding your bike, you can reduce your transportation expense, which can be another way to increase your savings fast!

How to Reduce Food Costs

Reducing food costs can be as simple as eating out less. When you go out to eat, there are a lot of added costs hidden within the price you end up paying: the service, the overhead of the restaurant, the tip and any additional tax.  I know this, and we all know this: eating out consistently is expensive.

I eat out for lunch at work. Typically, I go for a fast food type place (think Chipotle or something similar) and look to keep my daily lunch expense under $9.

This quickly adds up over the month (20 working days times $9 each lunch is $180).  Throw in any snacks I have at work, and during a working day I will spend $10 or more.

I generally do not go out to eat for dinner, and don’t drink much anymore. I’m saving some money there, but those work lunches are my main deterrent to having a bare bones food and drink expense (and maybe I’d have bare bones then!)

Like I said, cutting the number of times we eat out a month will reduce your food costs. By eating in, cooking meals in bulk or meal planning, you can save a few hundred dollars a month.

There are many resources out there for how to meal plan, bulk cook, or couponing to save at the grocery store, and I won’t go into these – I just want to make you aware that these are possibilities to reduce your food costs.

How The Mastermind Within Community Members are Managing their Big 3 Expenses

One of the great things about having readers is being able to ask them about their strategies for financial success.  A number of people contributed to the question of how they are managing their three big expenses.

Cynthia, one of my readers, said the following about housing expenses:

Our wealth began to snowball when we paid off our mortgage early. There is nothing like being truly debt free.

Congrats, Cynthia, you are one of the lucky ones! Not paying interest to the bank can add up in your brokerage or savings account!

Gwen, a blogger at Fiery Millennials, uses a three-prong strategy to attack these three major expenses:

I’m house hacking, I meal prep during the week, and I drive a 2005 car as to not be indebted to the bank and put my cash to good use in the present.

Another house hacker! I’m so impressed!

Dom, a blogger at Gen Y Finance Guy, uses a term he calls “Relative Frugality” to look at his three main expenses:

We simply practice what I have coined ‘Relative Frugality’. We don’t spend so much time managing the expense side of the equation as we focus on increasing the income side of the equation. The overall goal is to save 50% of our after-tax income and live on the other 50% guilt free. It’s a free ticket to enjoy lifestyle inflation. One thing we did intentionally do on the housing front was bought a house that at the time was 50% less than the bank said we could afford, but was still 3X the size we probably needed. The mortgage with insurance and property taxes makes up less than 10% of our gross income.

It’s cool seeing what different goals and scenarios people have, and how they are applying the strategic plan to their situation!

Conclusion

Being aware of how much you are spending on your three main expenses is step 1, and looking for ways to reduce these costs will help you get a handle on your expenses and increase your savings fast.

Moving to a cheaper apartment, house hacking, cooking in bulk and riding your bike or the bus to work are all great ways to reduce your expenses quickly.

As a current bus rider and previous house hacker, I’ve experienced the great benefits of these cost-cutting tactics.

I hope you can take what you’ve learned here and make some changes to see bigger savings in your future.

Tips to Reduce Your Biggest Expenses

How to increase your savings fast by reducing these big expenses
How to increase your savings fast by reducing these big expenses

The post Increase Savings Fast by Reducing These 3 Big Expenses appeared first on The Mastermind Within.

]]>
There are a number of ways for a person to improve their financial situation: increasing your income, increasing your savings rate, decreasing your expenses, or getting a windfall, to name a few. My goal is to increase my income, though ... Read More
There are a number of ways for a person to improve their financial situation: increasing your income, increasing your savings rate, decreasing your expenses, or getting a windfall, to name a few.
My goal is to increase my income, though I’m always cognizant of the big three expenses: housing, transportation, and food.
These are called the big three because, typically, they will be your three biggest yearly expenses (shocking right?). Reducing expenses in these areas will have the biggest impact on your financial situation.
Yes, it’s easy to look at that $4 latte each day and think dropping that will help reduce your expenses, but honestly, $4 a day is $120 a month – not a crazy amount of money.
Switching houses or apartments could result in a $500 per month saving with little to no effort – and you’re still caffeinated. 🙂
I believe we all should be cognizant of these three expenses.
Here are some tips and tricks for saving more money on your three biggest expenses.
How to Reduce Housing Costs
In real estate, the main determinant of housing cost is location.
“Location, location, location!” you will hear, and it’s true.
The areas where there is higher demand, due to better schools, better jobs, and better attractions, will be more expensive than areas where there is lower demand.
An obvious way to reduce your housing cost is to downsize to a smaller house or apartment. In the metropolitan area I live, a 3000 square foot house might cost in the range of $350,000 to $450,000.  A 1500 square foot house, on the other hand, might cost in the range of $200,000 to $250,000.
This immediate cost savings of $100,000 to $200,000 adds up quickly when you consider savings on interest, property taxes and insurance.
For a 30-year home mortgage at 5% interest for $400,000, you can expect to pay nearly $375,000 in interest over 30 years.
Compare that to a $200,000 home, also at 5% interest and over a 30 year period, and you will only end up paying $186,000 in interest.
That’s a savings of nearly $200,000 over 30 years – just in interest!
Another way to reduce housing costs is to share your housing space with roommates. When you are single, this is easy – just grab a friend or two and divvy up the rent and utilities to share with your friends.
If you are married, and/or have kids, then it might be a little bit more difficult to get roommates. Luckily, there are other ways to share space, while also reducing your housing costs.
House Hacking
I’m a huge fan of house hacking. I bought a single family house in 2015, and rented it out to three friends while I also lived there.
Because of this, I earned over $39,000 in 2 and a half years – just by house hacking!
While this sounds impressive, there have been dozens of other more successful house hackers.
One of my fellow personal finance and real estate bloggers, Guy on FIRE, has amassed a nearly $500,000 net worth by age 30 through house hacking and real estate.
By buying a multi-unit property (such as a duplex or triplex), you can have the privacy of a single family home, and rent out the remaining units to cover your mortgage and reduce your housing costs.
Using AirBnB
Another way to save more money on housing costs is to rent out your unused space through AirBnB.
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Mindset is Everything: The Power of Positive Thinking https://www.themastermindwithin.com/mindset-is-everything-the-power-of-positive-thinking/ Wed, 10 Jul 2019 04:31:34 +0000 https://www.themastermindwithin.com/?p=5283 https://www.themastermindwithin.com/mindset-is-everything-the-power-of-positive-thinking/#comments https://www.themastermindwithin.com/mindset-is-everything-the-power-of-positive-thinking/feed/ 7 <img data-pin-url="https://www.themastermindwithin.com/mindset-is-everything-the-power-of-positive-thinking/" width="300" height="189" src="https://i1.wp.com/www.themastermindwithin.com/wp-content/uploads/2016/12/seedprod.com-2.jpg?fit=300%2C189&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="power of positive thinking" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>I have an exercise for you to do tomorrow morning when you wake up. Before you moan and groan about exercise, I’m not talking about some sort of physical exercise. Instead, a mental exercise. When you wake up tomorrow morning, ... </p> <div><a href="https://www.themastermindwithin.com/mindset-is-everything-the-power-of-positive-thinking/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/mindset-is-everything-the-power-of-positive-thinking/">Mindset is Everything: The Power of Positive Thinking</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p>

I have an exercise for you to do tomorrow morning when you wake up.

Before you moan and groan about exercise, I’m not talking about some sort of physical exercise.

Instead, a mental exercise.

When you wake up tomorrow morning, say to yourself, “I’m a positive person.” 3 times.

“I’m a positive person.”

“I’m a positive person.”

and once more:

“I’m a positive person.”

Then go about your day the usual way you would.

At this point you might be thinking to yourself, umm… okay?

Mindset is everything. Having a strong mental game is as important as having skills or talents. Positive thinking has been proven to lead to more success than negative thinking.

While this probably sounds good in all, let’s dive a little deeper here into the power of positive thinking.

The Human Brain is Capable of Doing Amazing Things

There are certainly days where I’m sitting at work or at home and I think to myself, why am I so dumb? Why can’t I do anything right? Why am I doing the things I’m doing?

When I have moments like this, I pause.

I’ve gotten to where I have because of my dumb brain.

Thinking back to childhood, I used to not know much at all. Over time, I’ve filled my brain with (maybe not) important concepts and information to help me during my daily tasks.

Our minds are incredibly powerful and can quite literally create its own reality.

The power of positive thinking can manifest itself in living the life that you want to live.

Telling yourself you are a positive person will result in you becoming a more positive person.

You are what you say you are.

Saying, “I’m a negative person who can never accomplish anything” is a reinforcing trap. Saying this sort of thing will result in you being a negative person who will never accomplish anything.

Likewise, telling yourself, “I’m a positive person who can accomplish anything” will lead to accomplishments beyond your wildest dreams.

The human mind has a way of creating it’s own view of the world and through this view, that is the world.

What are Affirmations and How You Can Use Affirmations in Your Life

Let’s start simple. What are affirmations?

An affirmation is a statement of truth.

Affirmations strengthen us because we can “trick” our brains into thinking what we want in this world.

An affirmation is as simple as the following statement, “I’m a nice person.”

An affirmation also could be more involved, such as, “I’m a person who is looking to become better in my relationships and I’m focusing on asking better questions.”

Typically, the statement you choose will be something you want to change in your life.

If you want to become a nicer person, tricking your brain by saying, “I’m a nice person”, will result in you becoming nicer!

By using affirmations, we can trick our powerful brains into becoming who we want to become.

“Every time you choose the easy thing, instead of the right thing, you are shaping your identity, becoming the type of person who does what is easy, rather than what is right.”

How to Write an Effective Affirmation

Writing effective affirmations, for yourself, is easy.

First, turn inward and think for yourself for a minute.

What do you want to change in your life? Who do you want to be? What are you struggling with?

Right now in my life, I’m struggling a little bit with focus and balance.

Taking this struggle, I can flip it around into an affirmation which will bring my brain to focus on what’s important.

Here’s my affirmation for the day:

“I’m able to focus for long periods of time and get my work done.”

Notice a few things:

  • I started my affirmation with “I”
  • I wrote in the present tense
    • Right now, I’m focused – not, I’m going to focus (if I’m going to, I never will)
  • The affirmation was positive
    • Positive thinking is incredibly powerful and will lead you to where you want to go.

Using the three bullet points above as a loose framework will help you write affirmations for yourself.

Examples of Affirmations from a Mid-20s Male

Back at the end of 2016, I got really into affirmations. Recently, I was digging through my drawer of old notebooks and found some of my affirmations. Below are some of those affirmations.

12/11/16 “I am charming, easy going, and can get along with many types of people. I”m capable of brightening the lives of other people with my great smile and big heart. I will ask good, penetrating, and thoughtful questions at work and at home to gain a better perspective on life. At the end of each day, I will reflect on the questions I asked people to better understand my interactions and to increase my ability to connect with others.”

12/12/16 “I am persistent, diligent, and detail oriented in my work. I want to climb the ladder at work. By doing the work I have done, I believe I can get there. More responsibility brings more money and options, and I want more money and options. To get there, I need to ask good, penetrating and thoughtful questions. I will do what is right, not what is easy, and will achieve this goal.”

12/16/16 “I am the owner of what happens in my life. I want to meet and hang out with amazing, beautiful women. It’s time to align my goals with my actions. I want a beautiful family. By being charming, easy-going, and kind, I will accomplish this.

12/17/16 “I am patient, I am kind, I am aware.”

12/18/16 “I am reliable, I am friendly, I am determined to succeed”

12/21/16 “I am capable of coming up with creative ideas”

12/27/16 “I’m an investor. I’m building financial wealth. Is today the day I find an opportunity to make a deal?” (I was reading The Millionaire Real Estate Investor)

After spending a month doing these affirmations, I was feeling much better about my situation, but still had a lot of work to do. I was looking to find a girlfriend, and later did in 2017. A hope of mine was for a raise at my corporate job. 16 months later, I had received 2 promotions. Finally, I wanted to create a blog and business, and since have.

These affirmations allowed me to tap into my powerful brain and manifest my wants and goals. Now, it’s your turn.

Tap Into Your Powerful Brain and Influence Your Life With Affirmations

Becoming a better person, and someone who is more successful in what they do, will take time, but it can be accomplished.

Here’s the thing: you have a powerful brain.

By thinking critically about what you want, asking good, penetrating, and thoughtful questions at yourself, and getting answers will result in some action items to implement.

With these action items comes a call to become better as a person and a shift in your mindset.

With affirmations, you can influence your life and become who you want to be.

Mindset is Everything

Consistent efforts added up over time WILL lead to amazing success and results.

Many people, myself included, deal with a lack of consistency.

Think about exercising. Maybe you exercise 3 times one week and only 1 the next. Maybe the week after 0 times and the week after that 2 times. The results you want probably won’t come from this routine.

With mindset, this inconsistency can be avoided.

Saying “I’m a person who is consistent and does not procrastinate.” will affect your actions.

It’s a tough world out there, but with our words and powerful mind, we can accomplish a lot.

While things may not have gone to plan in the past, that’s okay.

Having a strong mindset is accepting the past for what it is and moving on to bigger and better things.

Work on Mindset a Little Bit Each Day

When I was younger playing sports, I didn’t have a strong mental game. I’d let things get into my head and couldn’t let them go.

My dad always harped on me to try to not let those emotions get the best of me. I had to look inwards and seek out the answers. I had to tap into my powerful mind to control the emotions of anger and sadness and funnel them towards performance.

It took a number of years, but over time, I was able to control my emotions and understand that bad things happen. Good things also happen. If I could stay level headed – not get too high or too low – I’d see more success.

Change is really hard.

In physics, the first law of motion, put simply, is an object at rest will stay at rest.

To start moving, energy and force must act on that object; otherwise, it will stay at rest.

Change is beautiful.

Have you ever started to work on something new and felt worse about yourself? I can’t think of a time where I actively pursued growth and didn’t become better.

Over time, I got better. It was beautiful, fulfilling and fun.

Change is okay.

Resisting change is a recipe for sadness.

If something is not going well, you have the ability to change and you are free to do what you can to make the situation better.

On Life Mastery and Finding the Signal in the Noise

abundance mindsetMake no mistake, taking control of your life and becoming success is tough.

Improving over time will be tough, but is possible with getting into the right mindset and understanding the right thoughts will get you to your goals.

Without community and helping others, the personal growth and change is empty.

There are three concepts I want to talk about with regards to change in this article:

  • the herd mentality
  • how you are the average of the 5 people you spend the most time with
  • the fact that you have the ability to change your situation

Let’s dive more into each of these.

Think Critically, Don’t Accept the Herd

One of the things which is absolutely CRITICAL for success in life is critical thinking and determining what is important in life.

Something I’ve been seeing a ton lately in the media and blogging space is the comment:

“the stock market always goes up! keep dollar cost averaging!”

Many of these people are the EXACT same people who were bashing the run up of cryptocurrencies.

There are a lot of things on my mind which are outside of the scope of this post (namely, inflation, how energy – not money – drives the economy, and debt fueled corporate buybacks) and I don’t want to fear monger either.

With this said, when you are on the side of the majority, sometimes it’s good to do a little research and reassess your position. Confirmation bias is at play here as well (another concept I won’t get into in this post but worth mentioning).

Naturally, humans form tribes, migrate in groups, and perform cooperative work. It’s in our DNA to follow the group for safety and sustainability reasons.

Because of the herd mentality, we can sometimes get trapped in thoughts which control and restrict us.

In terms of change, those following the herd will not change for fear of losing their status in a tribe.

If your tribe isn’t progressing as you’d like to be progressing, maybe it’s time to make a change.

You are the Average of the 5 People You Spend the Most Time With

Something that I’ve struggled with in my life is making friends.

After I grew up a little and found a great group of friends in high school, and then in college, I found myself falling into ruts and not getting to where I wanted to be in life.

Building extreme wealth is one of my goals in life, and many of my friends did not share this same goal; they were happy with getting by comfortably, but not willing to push the envelope.

Over the past few years, I’ve started to shift my friend circle to include more entrepreneur types, people who are interested in pursuing different extremes, and people who are on the way to financial freedom.

Not only has this motivated me to become better, it’s exposed me to new ideas, new views, and my worldview has changed for the better.

Many of my friends didn’t understand my choices or decisions. “Come on, let’s play some Xbox tonight! Stop reading!”

You may have noticed this as well, but there are certain people who don’t want to see you succeed or who are haters.

People who live like this have a scarcity mindset – living in abundance is foreign to them, but not to us.

You can win and I can win – and when we both grow, we are capable of so much more.

You are the average of the 5 people you spend the most time with in all areas of life: physical fitness, career, emotional intelligence, street smarts, wealth, etc.

I’ll never forget where I came from, but I’ve realized that to achieve my goals, I needed to make a change. Now, I have to value my time, I’ve changed my habits, and I’m raising my average by hanging out with people more successful than me.

There’s an unstoppable force living inside of you

Change for the sake of change is not what I’m recommending. Change for the sake of change, if rooted in rash decision making and not thinking for yourself, will not lead to success.

The human brain is incredibly powerful.

You have a potential inside of you which is unstoppable. Through simple daily disciplines, through critical thinking, and through tweaking habits in your life for the better, you will be successful.

YOU have the power to change your situation.

Make no mistake: CHANGE is really hard.

Like a rock rolling down a hill, the first push is really hard to do and the rock only moves a few inches. The next push, a few more inches. Another push and a few feet. After a few more pushes, the rock is rolling down the hill with little effort on your part.

Change is beautiful. Motion is beautiful. The rock is rolling down the hill without much effort and isn’t stopping.

My main recommendation for you in this post is to understand change is okay. It’s okay to do things a little different than others; it’s okay to think differently than others as well.

Change is difficult, change is beautiful, and change is okay.

Thinking critically for yourself and seeking a better life will be fulfilling.

 

The Power of Positive Thinking

The power of positive thinking.
The power of positive thinking.

The post Mindset is Everything: The Power of Positive Thinking appeared first on The Mastermind Within.

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I have an exercise for you to do tomorrow morning when you wake up. Before you moan and groan about exercise, I’m not talking about some sort of physical exercise. Instead, a mental exercise. When you wake up tomorrow morning, ... Read More Before you moan and groan about exercise, I’m not talking about some sort of physical exercise.
Instead, a mental exercise.
When you wake up tomorrow morning, say to yourself, “I’m a positive person.” 3 times.
“I’m a positive person.”
“I’m a positive person.”
and once more:
“I’m a positive person.”
Then go about your day the usual way you would.
At this point you might be thinking to yourself, umm… okay?
Mindset is everything. Having a strong mental game is as important as having skills or talents. Positive thinking has been proven to lead to more success than negative thinking.
While this probably sounds good in all, let’s dive a little deeper here into the power of positive thinking.
The Human Brain is Capable of Doing Amazing Things
There are certainly days where I’m sitting at work or at home and I think to myself, why am I so dumb? Why can’t I do anything right? Why am I doing the things I’m doing?
When I have moments like this, I pause.
I’ve gotten to where I have because of my dumb brain.
Thinking back to childhood, I used to not know much at all. Over time, I’ve filled my brain with (maybe not) important concepts and information to help me during my daily tasks.
Our minds are incredibly powerful and can quite literally create its own reality.
The power of positive thinking can manifest itself in living the life that you want to live.
Telling yourself you are a positive person will result in you becoming a more positive person.
You are what you say you are.
Saying, “I’m a negative person who can never accomplish anything” is a reinforcing trap. Saying this sort of thing will result in you being a negative person who will never accomplish anything.
Likewise, telling yourself, “I’m a positive person who can accomplish anything” will lead to accomplishments beyond your wildest dreams.
The human mind has a way of creating it’s own view of the world and through this view, that is the world.
What are Affirmations and How You Can Use Affirmations in Your Life
Let’s start simple. What are affirmations?
An affirmation is a statement of truth.
Affirmations strengthen us because we can “trick” our brains into thinking what we want in this world.
An affirmation is as simple as the following statement, “I’m a nice person.”
An affirmation also could be more involved, such as, “I’m a person who is looking to become better in my relationships and I’m focusing on asking better questions.”
Typically, the statement you choose will be something you want to change in your life.
If you want to become a nicer person, tricking your brain by saying, “I’m a nice person”, will result in you becoming nicer!
By using affirmations, we can trick our powerful brains into becoming who we want to become.
“Every time you choose the easy thing, instead of the right thing, you are shaping your identity, becoming the type of person who does what is easy, rather than what is right.”
How to Write an Effective Affirmation
Writing effective affirmations, for yourself, is easy.
First, turn inward and think for yourself for a minute.
What do you want to change in your life? Who do you want to be? What are you struggling with?
Right now in my life, I’m struggling a little bit with focus and balance.
Taking this struggle, I can flip it around into an affirmation which will bring my brain to focus on what’s important.
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Living Intentionally with Proactive Behavior https://www.themastermindwithin.com/intentional-living-proactive-behavior/ Sun, 07 Jul 2019 19:10:18 +0000 http://www.themastermindwithin.com/?p=2471 https://www.themastermindwithin.com/intentional-living-proactive-behavior/#comments https://www.themastermindwithin.com/intentional-living-proactive-behavior/feed/ 32 <img data-pin-url="https://www.themastermindwithin.com/intentional-living-proactive-behavior/" width="300" height="225" src="https://i1.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/10/cris-tagupa-1095254-unsplash.jpg?fit=300%2C225&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="proactive behavior" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Are you in control of your life, or are you just letting life pass you by? Are you living intentionally, or living unintentionally? Does life happen for you, or does life happen to you? One of the most effective ways ... </p> <div><a href="https://www.themastermindwithin.com/intentional-living-proactive-behavior/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/intentional-living-proactive-behavior/">Living Intentionally with Proactive Behavior</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p>

Are you in control of your life, or are you just letting life pass you by? Are you living intentionally, or living unintentionally? Does life happen for you, or does life happen to you?

One of the most effective ways to take control of your life is through intentional living and proactive behavior.

I try to practice proactive behavior in all parts of my life – trying to play catch up is stressful and takes away from getting after my goals and dreams.

Instead of reacting to situations, I prefer to wake up and try to do what I want to do with my life.

Doesn’t it feel good to set your own schedule and do what matters to you, instead of following someone else’s schedule and dreams?

Luckily, becoming more intentional and forward thinking in your behavior and actions isn’t too difficult.

In this post, I will share some tips on how you can take control of your life through intentional actions, and using proactive behavior.

“You have complete control over the direction that the rest of your life takes.” – Jeff Olson, The Slight Edge

Proactive Behavior vs. Reactive Behavior

What is proactive behavior?

Proactive behavior involves acting in advance of a future situation, rather than just reacting. It means taking control and making things happen rather than just adjusting to a situation or waiting for something to happen.

Proactive people generally do not need to be asked to act, nor do they require detailed instructions. Proactive people practice intentional living.

Reactive behavior involves acting after an event occurs, rather than acting in advance of the event. It means waiting for something to happen, rather than making something happen.

Why are some people reactive in their behavior? What would happen if they changed started practicing proactive behaviors? Would they take control of their life and achieve wild success?

Your philosophy creates your attitudes, which create your actions, which create your results, which create your life.” – Jeff Olson

People who are successful in life are proactive and make things happen.

Proactive behavior helps you take control of your life by making intentional choices about what you want your life to look like, and following through with your behavior to make that life vision a reality.

Not only does this lead to a positive end result, but it encourages personal growth along the way as you navigate and problem-solve.

Saving Money is an Example of Proactive Behavior

For this website, my goal is to help others reach their full potential and live the life they want and deserve.

Part of living life to the fullest is having a handle on your personal finances.

Only 39% of people have $1,000 saved up in the United States. With $1,000 or more in the bank, the stress of an immediate emergency decreases.

This $1,000 can be saved with planning ahead and taking control of your financial life.

A Stressful Time Caused by Reactive Behavior

A few years ago, I was house hacking and had 2 roommates.

One of them was a great guy but was very reactive in his nature. He is someone who loves to get out in the world and do things with his time and money.

Being a part of a few different sports teams and going out on the weekends, I didn’t know the exact nature of his finances, but given his struggles to pay me on time for monthly rent, I could tell he was paycheck to paycheck.

At the time, he had a decent job, and from a simple Google search, was probably in the $40,000 salary range.

With this sort of salary, I would have hoped with a $700 monthly rent payment, he could not be living paycheck to paycheck, but after some bad luck, it was a certainty.

During the Spring, playing kickball, he ended up breaking his hand and with this must have came a significant hospital bill.

“I’ll pay you the 10th after I get paid.”

I wasn’t going to kick him out for being late, but I had a lot of thoughts on the situation.

Saving Money is Possible Through Intentional Actions

Make no mistake, bad luck happens to the best of us.

At the same time, with planning and proactive behavior, what if he had $1,000 saved up to help deal some of his expenses?

As a single and employed Millennial, saving $83 a month for 12 months is certainly doable to get to $1,000.

Double that saving from $83 to $166, and in 12 months, you are approaching $2,000 in savings.

This is just one example of how proactive behavior and intentional living will lead to success.

Let’s think a little bigger now, talk about questions and your dream life, and discuss about how you can apply the practice of proactive behavior in your life for success.

“Try not to become a person of success, but a person of value.” – Albert Einstein

Two Questions to Answer for Creating Your Dream Life

First, a principle: without questionsthere are no answers.

Figuring out your dream life or my dream life can’t be solved without breaking it down into smaller questions which get at the core of who you are, how you enjoy your time, and what you like to do on a daily, weekly, and monthly basis.

I believe there are two question sets which will get you started towards creating your dream life. The first part of the two sets of questions is:

When are you most happiest and what are you doing when you are experiencing this joy?

This is a simple question. When do you feel happiest? What activity or thing are you doing which brings the happiness?

For me, happiness comes from creation and helping others. I love creating content, building things, and solving problems. If life was a huge puzzle, I’d love it (which it kind of is, but the pieces are constantly changing 🙂 )

Happiness also comes from doing things on my own terms and having the freedom to create what I want when I want.

The second part of this set of questions is:

How often are you able to do these activities, and what’s holding you back from experiencing them whenever you’d like?

If you are already doing what makes you happy all the time (from the first question), then the second question doesn’t really make sense.

In my opinion, life is all about pushing towards doing what makes you happiest and understanding that while today might not be where you want to be, over time you can get there.

In my situation, I don’t have the level of savings and/or passive income to be helping others and creating what I want, when I want.

At this point in my life, I go to a corporate job at 8 AM and leave after 5 PM. While I’m making great money, there’s still an entrepreneurial itch which is always in the back of my head.

Currently, I’m working on building up my savings with the intent to move to something more flexible in the next year or two. We will see, but it’s a work in progress and that’s okay.

Things can change and I’m going to stay patient. I can influence this through my actions, but whatever happens is meant to happen and should be accepted.

Over time, I’ll get to where I want and need to be, and I hope you will as well.

Now that you have these thoughts in your head, below are 5 concrete steps for you to take control of your life and live intentionally.

5 Steps to Take Control of Your Life

When beginning to think ahead about your life, your family, your job, your business, etc., we first need to start with questions and goals.

First, let’s identify what you want with your life.

We both only have one life and limited time. In my life, I want to be doing things I enjoy and that are bringing joy to the people around me.

After understanding your goals and dreams, then it’s time to come up with a game plan, and take bold action.

Here are 5 steps for intentional living taking control of your life through proactive behavior:

Identify your goals and dreams

What are your goals? What makes you happiest? Where do you want to be in 1 year?

As we discussed in the last section, there is a lot that goes into answering these difficult questions.

However, with a picture of what you want, you can start to work towards your dream life and ideal situation.

Split your goals, thoughts, and dreams into multiple buckets: social, financial, spiritual, physical, emotional, work, fun.

Some example questions for you may be:

  • Do you want to get a promotion or change in responsibilities at work?
  • Would you want more money in the bank?
  • Are you looking to retire earlier than 65?
  • Would you be happy if your business made an extra $1,000 a month?
  • Do you want to be able to take more vacations with your family?
  • Are you looking to start a new hobby?
  • What things stress you out?
  • Do you want to lose 10 pounds?

After asking yourself these questions, KEEP GOING! Let your powerful brain do some more work!

After getting some answers to the questions which matter to your situation, now it’s time to work backwards.

Create a Happiness Game Plan

You know your goals, now it’s time to come up with a game plan.

You have your dream. What do you have to do to MAKE it happen?

Let’s take the example of losing 10 pounds.

If you want to lose 10 pounds, it’s time for more questions. Let’s see how this line of thinking plays out:

  • How is a person’s weight determined?
    • A person’s weight is determined through a number of factors, but changes come from daily habits and a simple equation: calories in minus calories out.
  • If weight changes come from calories in minus calories out, then how do I decrease this amount for myself?
    • First, what does this equation look like for you today? What gets measured, gets managed!
  • After measuring where you are at on a daily basis, are you in a calorie surplus or calorie deficit?
    • To lose weight, how can you decrease the surplus and increase this deficit in a healthy way? (exercise, diet, fasting, etc.)

After you’ve asked and answered these questions for yourself (and there are probably 3+ more levels to go if you want to go that deep), again KEEP GOING!

Let your powerful brain and body work towards your goals and dreams!

After coming up with your game plan for success and happiness, it’s now time to take ACTION.

Take Action

It’s great to know what you have to do, but if you never take action, you will never achieve your goals and dreams.

Sitting on the couch and watching Netflix is fun and relaxing, but it probably won’t lead to a very fulfilling life.

Taking action involves getting out and into the world.

Start today with your actions and live intentionally. You’ll be pleased as you start to see your dream life come to fruition.

“A journey of a thousand miles begins with a single step.” – Lao-Tzu

“An ounce of action is worth a ton of theory.” – Ralph Waldo Emerson

Be Consistent With Your Actions

Humans overestimate what they can do in a day, but underestimate what they can do in a year.

Have you ever started on your goals only to stop? Did you end up reaching your goal?

Each day, if you can spend at least 10 minutes working towards your goals, you’ll be amazed at your progress.

At the end of one year, you will have spent 3650 minutes, or 60 hours. 

60 hours over a year? How much closer to your goals would you be after 60 hours?

That’s the power of consistency. Consistent actions over time WILL lead to massive success.

Reassessing and Tweaking Your Game Plan Over Time

From time to time, you will need to see if you are still on track.

I stay accountable to myself monthly. You can do a personal check-in weekly, monthly, or every few months. It’s up to you.

If you aren’t on track, make the necessary changes to your actions and daily habits to ensure you are working towards your goals.

It’s okay if you realize you aren’t on track; this doesn’t mean you failed.

All this setback means is you now have the opportunity to pick back up where you left off and keep getting better!

Just because you eat one unhealthy meal doesn’t mean your whole healthy eating plan is ruined. It just means you ate one unhealthy meal. You can always continue eating healthy for your next meal, and it will in fact be beneficial.

This outlook works for every part of life.

Being self aware on your path to the life you want and deserve will help tremendously.

Living an intentional life requires patience and understanding, and also will require some flexibility.

The life you want won’t happen in a day, but over time, through tweaks and consistency, you’ll get there. 🙂

proactive behavior take control

Welcome Success by Becoming More Proactive Today

You have the keys to your life. It is up to you to unlock your full potential and lead a great life. Through proactive behavior, you can take control of your life and create the success you crave.

Planning, strategy, or thinking ahead are examples of proactive behavior, and with these thoughts, you will become more successful than the day before.

Things take time and a level of patience will be required. At the end of the day, through proactive behavior and having a plan, you will be where you are supposed to be in the next few months.

Start with your goals and asking questions. Continue asking questions until you’ve formed a plan for the actions which should set you up for success.

Get after it and make sure to update me on your fantastic progress! 🙂

“Your level of success will rarely exceed your level of personal development, because success is something you attract by the person you become.” – Hal Elrod

“The only person you are destined to become is the person you decide to be.” – Ralph Waldo Emerson

Readers: Do you take a proactive approach to life? Are you in control of your life? What is stopping you from achieving your goals and dreams?

5 Steps to Take to Control Your Life

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5 Steps to Take to Control Your Life
5 Steps to Take to Control Your Life

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Are you in control of your life, or are you just letting life pass you by? Are you living intentionally, or living unintentionally? Does life happen for you, or does life happen to you? One of the most effective ways ... Read More One of the most effective ways to take control of your life is through intentional living and proactive behavior.
I try to practice proactive behavior in all parts of my life – trying to play catch up is stressful and takes away from getting after my goals and dreams.
Instead of reacting to situations, I prefer to wake up and try to do what I want to do with my life.
Doesn’t it feel good to set your own schedule and do what matters to you, instead of following someone else’s schedule and dreams?
Luckily, becoming more intentional and forward thinking in your behavior and actions isn’t too difficult.
In this post, I will share some tips on how you can take control of your life through intentional actions, and using proactive behavior.
“You have complete control over the direction that the rest of your life takes.” – Jeff Olson, The Slight Edge
Proactive Behavior vs. Reactive Behavior
What is proactive behavior?
Proactive behavior involves acting in advance of a future situation, rather than just reacting. It means taking control and making things happen rather than just adjusting to a situation or waiting for something to happen.
Proactive people generally do not need to be asked to act, nor do they require detailed instructions. Proactive people practice intentional living.
Reactive behavior involves acting after an event occurs, rather than acting in advance of the event. It means waiting for something to happen, rather than making something happen.
Why are some people reactive in their behavior? What would happen if they changed started practicing proactive behaviors? Would they take control of their life and achieve wild success?
“Your philosophy creates your attitudes, which create your actions, which create your results, which create your life.” – Jeff Olson
People who are successful in life are proactive and make things happen.
Proactive behavior helps you take control of your life by making intentional choices about what you want your life to look like, and following through with your behavior to make that life vision a reality.
Not only does this lead to a positive end result, but it encourages personal growth along the way as you navigate and problem-solve.
Saving Money is an Example of Proactive Behavior
For this website, my goal is to help others reach their full potential and live the life they want and deserve.
Part of living life to the fullest is having a handle on your personal finances.
Only 39% of people have $1,000 saved up in the United States. With $1,000 or more in the bank, the stress of an immediate emergency decreases.
This $1,000 can be saved with planning ahead and taking control of your financial life.
A Stressful Time Caused by Reactive Behavior
A few years ago, I was house hacking and had 2 roommates.
One of them was a great guy but was very reactive in his nature. He is someone who loves to get out in the world and do things with his time and money.
Being a part of a few different sports teams and going out on the weekends, I didn’t know the exact nature of his finances, but given his struggles to pay me on time for monthly rent, I could tell he was paycheck to paycheck.
At the time, he had a decent job, and from a simple Google search, was probably in the $40,000 salary range.
With this sort of salary,]]>
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7 Steps to Financial Freedom and Personal Finance Success https://www.themastermindwithin.com/7-steps-financial-freedom/ Sun, 07 Jul 2019 18:21:47 +0000 https://www.themastermindwithin.com/?p=3175 https://www.themastermindwithin.com/7-steps-financial-freedom/#comments https://www.themastermindwithin.com/7-steps-financial-freedom/feed/ 11 <img data-pin-url="https://www.themastermindwithin.com/7-steps-financial-freedom/" width="300" height="200" src="https://i1.wp.com/www.themastermindwithin.com/wp-content/uploads/2019/01/freedom-from-work.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="steps to financial freedom" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Are you looking to become financially free? Does financial freedom sound amazing to you? What if you could become financially free? What if you could skip your commute and spend time with your friends or family uninterrupted all day? Wouldn’t ... </p> <div><a href="https://www.themastermindwithin.com/7-steps-financial-freedom/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/7-steps-financial-freedom/">7 Steps to Financial Freedom and Personal Finance Success</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p>

Are you looking to become financially free? Does financial freedom sound amazing to you? What if you could become financially free?

What if you could skip your commute and spend time with your friends or family uninterrupted all day? Wouldn’t that be fantastic?

Make no mistake, financial freedom is quite a lofty goal, but is possible. If you decide financial freedom is what you want, there are a number of personal finance habits you can cultivate to become wealthy.

If you want to become better with your personal finances, you’ll definitely want to read this post all the way through.

In this post, I’m going to share with you a seven step plan to get to financial independence – the ultimate personal finance goal.

The 7 Steps to Financial Freedom

You may have heard of the seven steps to financial freedom before. Maybe you haven’t. There are two versions of the seven steps to financial freedom I’ve come across over the past few years.

One is by Dave Ramsey and the other is by Tony Robbins.

Dave Ramsey’s 7 Baby Steps to Financial Freedom

The first seven steps to financial freedom is from the one and only, Dave Ramsey.  Dave Ramsey, for those of you who don’t know, is a personal finance and money management expert with a radio show and many courses and workshops that help people get their finances in order.

Dave Ramsey’s 7 baby steps to financial freedom are:

  • Baby Step 1 – Build a $1,000 emergency fund
  • Baby Step 2 – Pay off all debt using the debt snowball
  • Baby Step 3 – Save 3 to 6 months of expenses in savings
  • Baby Step 4 – Invest 15% of household income into Roth IRAs and pre-tax retirement
  • Baby Step 5 – College funding for children
  • Baby Step 6 – Pay off home early
  • Baby Step 7 – Build wealth and give

I like these, and completely agree that for most people, these steps are great for building wealth and reaching financial freedom. If a person doesn’t have $1,000 in the bank, then that should be goal number one on the way to financial freedom. Next, pay off your consumer debt and start saving for the future. Finally, become fully debt free and share your wealth with the less fortunate.

If you follow these steps, you will be wealthy – I have no doubt.

Tony Robbins’ 7 Steps to Financial Freedom

money master the game 7 steps to financial freedomThe second set of seven steps to financial freedom are from Tony Robbins. Tony Robbins wrote Money: Master the Game a few years ago and goes over his seven steps to financial freedom in it.

Tony Robbins’ 7 steps to financial freedom are:

  • Step 1 – Make the most important financial decision of your life (Decide to be the investor, not a consumer.)
  • Step 2 – Become an insider: know the rules before you start investing
  • Step 3 – Make the game winnable through knowledge
  • Step 4 – Make the most important investment decision of your life (dollar cost average, asset allocation)
  • Step 5 – Create a lifetime income plan (consider insurance and annuities for income)
  • Step 6 – Invest like the 0.001 percent (model the portfolios of hedge funds)
  • Step 7 – Just do it, enjoy it, and share it!

I read Money: Master the Game a few years ago and I really enjoyed it.  While there was quite a bit of fluff, there were many actionable tips and takeaways for me to implement in my life.

Step two of Tony Robbins’ steps is all about managing fees, how financial advisers may not be the best route to go, and buying and holding are all things to know and consider before investing.

Finally, he talks about alternative routes to income and wealth once we have a substantial nest egg. It’s one thing to have a lot of money, but it’s another to have a lot of money that is protected from disaster.

I want to be unique with my content and ideas. Both of these plans have a lot of merit, and I’ve built off of them and created my own seven step plan to financial freedom for you.

The Mastermind Within’s 7 Step Plan to Financial Freedom

Coming up with a seven step plan was tough. Everyone’s situation is different – and with anything you read or consume, it’s important to take a step back and see how it can fit into your life.

All I can share and point to is my seven step plan to financial freedom. The following list is what I’m personally trying to do to grow my wealth, and get on the way to financial freedom:

  1. Build an emergency fund
  2. Pay down consumer debt
  3. Save 10% of my income
  4. Learn about investing
  5. Invest in yourself and grow your income
  6. Stay consistent
  7. Give back with your time or money

Let’s go into each of these in more detail.

Step 1 for Financial Freedom: Build an Emergency Fund

An emergency fund is most important for your personal finance success.

It’s truly tragic – around 70% of Americans don’t have $1,000 in their bank account.

What happens when the furnace or AC goes out in your house? What happens if your car breaks down, or you get sick? There’s so many unplanned emergencies to account for.S

Having a safety net will be beneficial for your financial well-being, and will also be great for peace of mind.

Step 2 for Financial Freedom: Pay off Consumer Debt

Debt sucks. Debt is a restriction on your life, and does not allow you to live the life you want and deserve to live.

Getting out of debt is possible by spending less money, and applying debt payoff strategies.

After getting your debt knocked out, you can start focusing on offensively building your wealth.

Step 3 for Financial Freedom: Save 10% of your Income

After building an emergency fund and destroying your debt, the next steps are to start saving. Take 10% of your income, and start saving it for the future.

After paying off your consumer debt, take that money and start directing it towards investment and savings accounts for the future.

Get your savings rate up!

Step 4 for Financial Freedom: Learn about Investing

You need to learn how to invest.

Financial freedom isn’t going to come through investing in CDs. The only thing guaranteed about a CD is you are guaranteed to lose money due to inflation! (Okay, in some situations and rate environments they are okay – but not right now)

Do you want to be an active investor or passive investor? Active investors should look at starting businesses or buying real estate. Do you want to sit back and watch your money grow without much work? Stick it in the stock market.

These questions are worth asking yourself.

After figuring out your goals, next learn about the different fees, downfalls and traps in your chosen market.

For example, paying a financial adviser 2% over 30 years could amount hundreds of thousands of dollars lost!

With these information, you can wisely grow your wealth and become wealth over time.

Step 5 for Financial Freedom: Invest in Yourself and Grow Your Income

The best investment you can make is in yourself.

Your level of success will rarely exceed your level of personal development, because success is something you attract by the person you become.

If you are looking to make more money and be successful, then you will have to work on yourself.

If you increase your income, you will be able to save more. By saving more, you will be able to increase your investments.

All of these steps go back to investing in yourself and improving as a person.

Step 6 for Financial Freedom: Stay Consistent

Paying off debt and then going back into debt isn’t going to help on the way to financial freedom. Saving $5,000 in one year isn’t going to amount to much.

BUT, saving $5,000 a year for 30 years and investing it in something returning 5-7% a year can grow to hundreds of thousands of dollars.

Consistency is the key to everything. 

Step 7 for Financial Freedom: Give Back

No matter how wealthy you become, there’s one thing you should always remember: IT DOESN’T MATTER UNLESS YOU SHARE IT WITH OTHERS.

Giving you time, money, and knowledge can help others achieve their goals and dreams.

We make a living by what we earn. We make a life by what we give.

With these 7 steps, you will be on your way to financial freedom. However, if you are still struggling to get past step 1, below are 2 easy steps you can take for personal finance success.

2 Easy Steps to Take for Financial Success

Make no mistake, becoming better with your money and personal finances can seem tough.

However, there are two easy steps you can take for overnight financial success:

  1. Tracking your income and expenses
  2. Learning about personal finance

Step 1: Track Your Income and Expenses

What gets measured gets managed.

Knowing where you are financially is so important to financial success.

Consider the following example of two people: Mark tracks his income and expenses every month, and Lisa doesn’t track her income or expenses at all.

Mark wants to retire in 15 years, and has identified that by saving $500 a month, he will reach his goal with average market gains.

Lisa also wants to retire in 15 years, but doesn’t know she needs to save $500 a month, and as a result, is only putting $250 into her retirement account each month.

Mark saves $400 a month right now, but has identified he can cut $100 out of his food spending each month and put that towards retirement.

Lisa spends $300 a month on random shopping expenses (of which she doesn’t know the dollar amount), and doesn’t realize that she doesn’t need these random shopping expenses.

Who do you think will be successful? Mark, who tracks his financial situation, or Lisa, who doesn’t track her financials at all?

I’m going to guess Lisa will be mighty disappointed at the end of the 15 year period.

income statement balance sheetHow to Track Your Income and Expenses Each Month

Each month, I pull all of my transactions from my Mint account into my income statement spreadsheet.

I categorize my transactions and see exactly where my spending and savings rate landed during the month, and look to see if there are any trends forming.

You could download these transactions from your bank directly, you could use similar tools to Mint, or you can analyze your income and expenses through your online banking application – all are acceptable.

For me, I see the importance of tracking my income and expenses by looking at my spending in various categories. I typically spend $300-400 on food and drink a month. I know this as I’ve spent $300-400 a month for the past 18 months consistently. Some months are worse than others, and in those months, I may spend closer to $500 on food and drink.

If I didn’t know how much I was spending on food in a given month, maybe I’d continue to spend that amount month over month, or even start spending more.  Let’s say, somehow, I started spending $300 more a month on food and drink because I wasn’t tracking it.

Now, all of a sudden, I could end up spending an additional $3,600 a year ( $300*12 = $3,600) on food and drink, just because I’m not keeping track of my expenses!

That’s a lot of money that could be better served somewhere else.

Tracking our cash flow also makes us think more about our finances.  If I wasn’t tracking my expenses, I wouldn’t have this mental trigger to keep my spending down on food and drink.

There are a number of tools and apps you can use to track your income and expenses.

If you aren’t already tracking your income and expenses, and you don’t want to click through to my other post, I have a spreadsheet for download which you can get by putting your email into the box below.

Step 2: Be Consistent, and Learn with Books, Blogs, and Podcasts

prioritize and track financial goalsConsistency is the key to being successful in this world. Consistency involves working, learning, and growing a little bit each and every day on the way to your goals.

It’s not enough to invest $100 one time and let it sit.  It’s not enough to cut expenses one month, and then revert back to your previous spending habits.

I can guarantee you short term success will not lead to long term success unless the short term actions are internalized and made into long term habits.

Consider this example: would you rather receive $1 million dollars today, or would you rather take a penny, but have it double every day for a month? Naturally, most people would say, “Give me the million bucks!”

But if we step back and actually analyze the other side, we can see what a big mistake that might be.

The first day, you have 2 cents, the second day, you have 4 cents, the third day, you have 8 cents… two weeks in, you have $81.92. Well, guess what? At the end of the month, you’d end up with over $10 million dollars. You only started off with a penny, what happened?

Yes, you started off with a small amount, and for a long time, you didn’t have much, but 30 days later, boom, $10 million bucks – much more than $1 million!!!

This is the same concept as the power of compounding over time.

If you save $10,000 a year for 30 years and achieve a 7% rate of return, you will become a millionaire.

This is a mathematical fact.  It’s the power of consistency and compounding at work.

Applying Consistency and Learning in Your Life

The penny example we just went through above can be applied to the base of your knowledge on personal finance, not just investing or savings.

I’ll be the first to admit, I’m not a personal finance expert.

I have no idea the intricacies of Roth IRAs, 403(b)s, or how 1031 exchanges work in real estate. That being said, I know that I could learn any of these things if I wanted to. There are millions of words published in text and voice out in the world and on the internet.

While hopefully this site will be a great starting point for you, there’s so much more out there. For example, there are so many personal finance books, blogs, and podcasts which all have something to offer.

If you want to become an expert on the stock market, take a step today. Maybe you want to build your understanding on different forms of debt – take a step today.

For you, if there is anything you want to accomplish this year, or in life, just take a step. That’s all you can do initially.

No one goes from 0 to 100 in an hour or a day.

But, by going from 0 to 1 to 2 to 3, you can get there over time.  It’s about taking baby steps to start, and as you get more comfortable, you can increase the pace – in other words, you sometimes have to slow down to go fast!

What you do today matters. What you do every day matters.

Successful people are those who understand that the little choices they make matter, and because of that they choose to do things that seem to make no difference at all in the act of doing them, and they do them over and over and over until the compound effect kicks in.

Start Tracking and Improve Your Financial Situation

Tracking your income and expenses, and having a hunger for knowledge, will get you firmly on the path to financial success.

Start with identifying your why, as outlined in this post, then start tracking your income and expenses with a spreadsheet or online tool – and continue to learn about personal finance, investments, and building wealth!

Having these two steps in mind will guide you on your path to your financial goals.

Get on the Path to Financial Freedom and Become Financially Free

With the information presented in this post, you now have three different, seven step plans to financial freedom to draw inspiration from and put into action.

After reading this, take a step back to reflect on these different plans, and how they may align with your own plan.

If you aren’t quite yet on the path to financial freedom, implement the 2 easy steps to take to become better with your finances, and you’ll be in a better place financially soon.

Take action today and get on your way to financial freedom!

7 Steps Towards Financial Freedom
7 Steps Towards Financial Freedom
7 Steps Towards Financial Freedom

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Are you looking to become financially free? Does financial freedom sound amazing to you? What if you could become financially free? What if you could skip your commute and spend time with your friends or family uninterrupted all day? Wouldn’t ...
Are you looking to become financially free? Does financial freedom sound amazing to you? What if you could become financially free?
What if you could skip your commute and spend time with your friends or family uninterrupted all day? Wouldn’t that be fantastic?
Make no mistake, financial freedom is quite a lofty goal, but is possible. If you decide financial freedom is what you want, there are a number of personal finance habits you can cultivate to become wealthy.
If you want to become better with your personal finances, you’ll definitely want to read this post all the way through.
In this post, I’m going to share with you a seven step plan to get to financial independence – the ultimate personal finance goal.
The 7 Steps to Financial Freedom
You may have heard of the seven steps to financial freedom before. Maybe you haven’t. There are two versions of the seven steps to financial freedom I’ve come across over the past few years.
One is by Dave Ramsey and the other is by Tony Robbins.
Dave Ramsey’s 7 Baby Steps to Financial Freedom
The first seven steps to financial freedom is from the one and only, Dave Ramsey.  Dave Ramsey, for those of you who don’t know, is a personal finance and money management expert with a radio show and many courses and workshops that help people get their finances in order.
Dave Ramsey’s 7 baby steps to financial freedom are:

* Baby Step 1 – Build a $1,000 emergency fund
* Baby Step 2 – Pay off all debt using the debt snowball
* Baby Step 3 – Save 3 to 6 months of expenses in savings
* Baby Step 4 – Invest 15% of household income into Roth IRAs and pre-tax retirement
* Baby Step 5 – College funding for children
* Baby Step 6 – Pay off home early
* Baby Step 7 – Build wealth and give

I like these, and completely agree that for most people, these steps are great for building wealth and reaching financial freedom. If a person doesn’t have $1,000 in the bank, then that should be goal number one on the way to financial freedom. Next, pay off your consumer debt and start saving for the future. Finally, become fully debt free and share your wealth with the less fortunate.
If you follow these steps, you will be wealthy – I have no doubt.
Tony Robbins’ 7 Steps to Financial Freedom
The second set of seven steps to financial freedom are from Tony Robbins. Tony Robbins wrote Money: Master the Game a few years ago and goes over his seven steps to financial freedom in it.
Tony Robbins’ 7 steps to financial freedom are:

* Step 1 – Make the most important financial decision of your life (Decide to be the investor, not a consumer.)
* Step 2 – Become an insider: know the rules before you start investing
* Step 3 – Make the game winnable through knowledge
* Step 4 – Make the most important investment decision of your life (dollar cost average, asset allocation)
* Step 5 – Create a lifetime income plan (consider insurance and annuities for income)
* Step 6 – Invest like the 0.001 percent (model the portfolios of hedge funds)
* Step 7 – Just do it, enjoy it, and share it!

I read Money: Master the Game a few years ago and I really enjoyed it.  While there was quite a bit of fluff, there were many actionable tips and takeaways for me to implement in my life.
Step two of Tony Robbins’ steps is all about managing fees, how financial advisers may not be the best route to go, and buying and holding are all things to know and consider before investing.
Finally, he talks about alternative routes to i...]]>
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Become the Master of Your Money with these Six Easy Steps https://www.themastermindwithin.com/master-your-money/ Sat, 06 Jul 2019 03:22:12 +0000 https://www.themastermindwithin.com/?p=7866 https://www.themastermindwithin.com/master-your-money/#respond https://www.themastermindwithin.com/master-your-money/feed/ 0 <img data-pin-url="https://www.themastermindwithin.com/master-your-money/" width="300" height="200" src="https://i2.wp.com/www.themastermindwithin.com/wp-content/uploads/2019/01/make-money-invest.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="make-money-invest" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Being a master of your money is an incredibly empowering feeling. Having a strong financial foundation can remove the feeling of the helplessness, which so many people experience. While it may seem tough, mastering your money can be done. While ... </p> <div><a href="https://www.themastermindwithin.com/master-your-money/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/master-your-money/">Become the Master of Your Money with these Six Easy Steps</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p>

Being a master of your money is an incredibly empowering feeling. Having a strong financial foundation can remove the feeling of the helplessness, which so many people experience. While it may seem tough, mastering your money can be done.

While you might feel uncomfortable talking about money, having a shaky financial situation can take a toll on your well-being. Money is commonly cited as the leading cause of relationship issues in the USA. Money is also the top cause of stress for an individual based on respondents from 22 countries!

You can get a handle on your money starting today, and become the master of your money.

You may be thinking: What exactly do you mean by becoming a “master of your money? How can I master my money?”

Mastering your money is coming to the realization you are in control of every aspect of your finances.

Make no mistake, improving your financial situation will not be easy. However, there are a few easy steps to take to get a handle on your finances, regardless of where you’ve been or where you are currently.

Following these six easy steps will allow you to overcome the feeling of being overwhelmed, allowing you to get things back under control.

Whether it’s making money, spending money, or saving money, YOU are the master of your money – and your life!

In this post, you’ll learn about the following easy to take steps to get control of your money:

Let’s dive into each of these steps to help you master your money.

Educate Yourself on Personal Finance

credit card debtBecoming financially literate is the key first step to mastering your money.  This is easier than ever in today’s day and age with an unimaginable amount of information available to you online and in books.

If you are new to personal finance, it can be very intimidating.

There are hundreds of terms made up my financial advisers and other “professionals” which seemingly are made up to confuse you.

You don’t need to know all of these terms, and can start with the basics. In the next section, you’ll learn the five most important things to track and calculate for yourself.

Also, by learning more about personal finance, you can learn what to do, and what not to do with your money.

People often say that the best way to learn is from making mistakes. I say the best way to learn is from others’ mistakes.

Luckily for you, there is a vast amount of people from all walks of life who share their experiences (including mistakes) on the Internet.

Check out this list of 200+ personal finance resources that I have curated. There are different forms of media for people of all tastes; the list includes books, blogs, podcasts, and more!

Understand the Current State of Your Finances

Have you ever been on a road trip and not knew where you were? If you’ve been lost, then you probably didn’t know where you were going. If you don’t know where you are going, you certainly aren’t going to get there.

With personal finance, if you don’t know where you are, then you will not be able to master your money.

Becoming a master of your money involves becoming aware of the current state of your finances.

If you are a beginner, then you may be lost and not knowing what things to track. However, the list of financial accounts to track isn’t too bad to pull together for yourself.

In a spreadsheet or on a piece of paper, think about and write down the following things you own, and which affect your financial life:

  • Assets
    • Assets are things you own, and items with value (investments, houses, cars, cash, art, precious metals, etc.)
  • Liabilities
    • Liabilities are things you owe to someone else (mortgage, student loans, credit card debt, etc.)
  • Income
    • How much money is coming into your bank account on a monthly basis?
  • Expenses
    • What are you spending on different categories each month? You’ll learn about this in a later section in this post.
  • Credit Score

With these five pieces of financial information, you will have a great understanding of your financial situation.

After finding these five pieces of financial information, you can do some calculations to further improve your understanding of your finances.

Calculating Personal Finance Metrics to Master Your Money

There are four main personal finance metrics you should be calculating to get a better understanding of your money over time.

Your credit score is a standalone piece of information which you can track over time. While credit score is important, this calculation is handled by the different credit agencies. You don’t need to worry about it.

The four personal finance metrics to track are net worth, income, expenses, and savings rate.

Net worth is simply your assets minus your liabilities. Essentially, your net worth is what is left over if you sold everything and paid off all of your debts.

Don’t be discouraged if your net worth is small or negative. You are taking control which means you will be able to improve it!

Next, we have income. You can find your income from your most recent paycheck, or if you are someone who works gigs, you can add up the number of deposits to your bank account from your bank statement.

Next, we have expenses. Expenses are the total amount of money you spend during a month – will help you identify any weaknesses in your budget.

You can track your expenses however you find most effective. I split my expenses into some broad buckets, and then dive deeper to get a better understanding of where my cash is actually going each month.

  • Discretionary Spending
    • Food and Drink
    • Shopping
    • Recreation
    • Travel
    • Hair
    • Home Improvement
    • Cash Withdrawal
  • Utilities
    • Internet
    • Gas
    • Electric
    • Water
  • Mortgage/Rent
    • Principal on Mortgage
    • Interest on Mortgage
    • Home Insurance
    • Property Taxes
    • Private Mortgage Insurance
  • Auto
    • Gas
    • Auto Insurance
    • Maintenance
    • Auto Loan Principal and Interest
    • Parking
  • Other Insurance
    • Health Insurance
    • Dental Insurance
    • Umbrella Policy
    • Life Insurance
  • Other
    • ATM Fees
    • Other random charges and fees
  • Taxes
    • Federal
    • State
    • Social Security
    • Medicare

The last metric to track is savings rate. Savings rate is simply the percentage of your net income remaining after paying your gross expenses.

With these four metrics, you can now start searching for ways to improve these over time.

Categorize and Track Your Income and Expenses Over Time

The next step in mastering your is to continue to track your income and expenses over time.

If you have never tracked your expenses before, you may be shocked by results! You need to be fully aware of your spending if you want to master your money. Tracking your expenses doesn’t have to be complicated.

The level of detail you go into when itemizing your expenses depends on your preference. Remember, personal finance is personal!

As shown in the last section, tracking your expenses can be general or detailed.

The minimum level of detail you should include in expense tracking is broad categories, such as automobile, utilities, or food. You can get really detailed if you so choose.

For example, automobile can be split into gasoline, insurance, and maintenance. More detail gives you more insight into your spending, but it also requires more work!

There is one notable tool that makes expense tracking a breeze. Mint is an app that allows you to sync your bank accounts to their secure platform. You can use it to automatically sort your expenses to varying amounts of detail. The only thing you will have to manually track is when you make transactions in cash!

Now that you have an understanding on your finances, let’s talk about growing wealth and becoming the master of your financial future.

Set Financial Goals and Use Affirmations

By this point, you’ve started learning more about personal finance and have calculated your net worth, savings rate, and credit score. Now, it’s time to focus on the future. Setting well-defined financial goals is a must for mastering your money.

Setting financial goals is a great way to start your financial journey.

First, it’s important to start with you why, and ask yourself what you want:

  • Do you want to take more vacations?
  • Spend more money on entertainment?
  • Buy a bigger house? 
  • Put your kids through college?

Whatever your reason, having this result in mind will help with setting your goal.

Below I’ve listed some common examples of financial goals. Note: each one has two components: a monetary component and a time component.

Saying you’re going to do something isn’t good enough; you need to tell yourself when you’re going to do it by!

  • I will achieve a net worth of $100,000 by age 30
  • My debt sucks, and I will pay down $20,000 of my student debt in the next three years
  • I will increase my net income to $80,000 annually by age 32
  • Saving more is important to me, so I will increase my savings rate to 25% within the next two years
  • I will improve my credit score to 700 within the next two years
  • I will save $10,000 by the time my daughter is 10 years old to have a good base for college.

Having these goals in mind will help create the future you want and deserve going forward.

Use Affirmations to Change Your Mindset to Achieve Financial Success

Would you say you have a strong money mindset, or a mindset which needs improvement?

A very quick and easy way to improve your money mindset is through affirmations.

What are affirmations?

An affirmation is a statement of truth.

Affirmations strengthen us because we can “trick” our brains into thinking what we want in this world.

An affirmation is as simple as the following statement, “I’m good with my money.”

An affirmation also could be more involved, such as, “I’m a person who is in control of my money, improving my financial situation for the future, and building wealth over time.”

Typically, the statement you choose will be something you want to change in your life.

Improving your finances is more than just making real world changes. Mastering your money also involves making changes to your mindset!

Affirmations are one such mindset change. It is a truth that you repeat to yourself, and it can have a tremendous effect on your subconscious mind.

Each day starting off, do some affirmations and positive thinking exercises to help improve your money mindset.

Now, let’s talk about two slightly more advanced, but important, ways to continue to master your money.

Automate Your Finances

One of the most effective ways to master your money is to automate your finances.

What does automating your finances mean?

Automating your finances involves using technology to help meet your financial goals. It might sound scary, but it’s easy to step up and will help tremendously.

Automating your finances is as simple as:

  • setting up direct deposit to your bank accounts
  • setting up transfers to transfer money to investments
  • scheduling auto payment on your debt and utility bills

With all of this, you can make sure you don’t miss a payment and are transferring money into your savings accounts.

Automating your finances is very efficient. No more spending time paying bills and worrying over whether you forgot anything; you just need to spend a few minutes looking over your statements each month making sure what you’re being charged is accurate!

Also, automating savings contributions will help you if you are one who suffers from making impulse financial decisions. You can’t spend the money you intended to save when your bank is automatically putting it away for you.

Take care though if you are automating savings contributions. You need to make sure you have enough remaining after saving money to cover your bills!

Grow Your Money Over Time through Investing

The final step to take when mastering your money is understanding your investments.

It is possible to grow your money over time through smart investing.

There are a number of assets you can own to become wealthy:

  • stocks
  • bonds
  • real estate
  • precious metals
  • businesses
  • cryptocurrencies
  • cash

There is certainly a learning curve to all of these assets, and some may not make sense for your goals.

However, if you want to grow wealth, master your money, and become financially free, understanding how to grow money is critical.

What I do mean by understanding your investments is that you have to be aware of:

  • how much money you have contributed to your accounts
  • the estimated return on your investments
  • the allocation of your money across different assets classes
  • what type of account you’re holding the assets in
  • the cost of investing (fund fees, trading commissions, tax obligations, etc.)

There are some people who don’t even know how much they’ve contributed to their 401k or other retirement accounts. There are others who don’t even realize the exorbitant fees they might be paying on their mutual funds. This isn’t a good situation to be in.

Know what you own!!!

Once you know what you own, you can see where the room for improvement lies. Saving money is powerful on its own, but your savings are missing out on potential growth if you don’t properly invest!

Master Your Money and Become Financially Successful

Becoming a master of your money follows a similar process as becoming a master of anything.

You need to spend a great deal of time studying and learning.

You need to adjust your mentality to ensure that you act intentionally and positively.

Finally, you need to take action and put your newfound knowledge to work.

Becoming the master of your money may not happen overnight. However, by putting in the work, you can get a great handle on your financial situation.

Now, get out there and take control of your finances!

Readers: which step has been best for helping you master your money? What financial resources are some of your favorite to understand personal finance better?

8 Ways to Master Your Money

8 Ways to Master Your Money
8 Ways to Master Your Money

The post Become the Master of Your Money with these Six Easy Steps appeared first on The Mastermind Within.

]]> Being a master of your money is an incredibly empowering feeling. Having a strong financial foundation can remove the feeling of the helplessness, which so many people experience. While it may seem tough, mastering your money can be done. While ... While you might feel uncomfortable talking about money, having a shaky financial situation can take a toll on your well-being. Money is commonly cited as the leading cause of relationship issues in the USA. Money is also the top cause of stress for an individual based on respondents from 22 countries!
You can get a handle on your money starting today, and become the master of your money.
You may be thinking: What exactly do you mean by becoming a “master of your money? How can I master my money?”
Mastering your money is coming to the realization you are in control of every aspect of your finances.
Make no mistake, improving your financial situation will not be easy. However, there are a few easy steps to take to get a handle on your finances, regardless of where you’ve been or where you are currently.
Following these six easy steps will allow you to overcome the feeling of being overwhelmed, allowing you to get things back under control.
Whether it’s making money, spending money, or saving money, YOU are the master of your money – and your life!
In this post, you’ll learn about the following easy to take steps to get control of your money:

* Educate Yourself on Personal Finance
* Understand the Current State of Your Finances
* Categorize and Track Your Income and Expenses
* Set Goals and Use Affirmations
* Automate Your Finances
* Understand How Your Money Can Grow Over Time with Investments

Let’s dive into each of these steps to help you master your money.
Educate Yourself on Personal Finance
Becoming financially literate is the key first step to mastering your money.  This is easier than ever in today’s day and age with an unimaginable amount of information available to you online and in books.
If you are new to personal finance, it can be very intimidating.
There are hundreds of terms made up my financial advisers and other “professionals” which seemingly are made up to confuse you.
You don’t need to know all of these terms, and can start with the basics. In the next section, you’ll learn the five most important things to track and calculate for yourself.
Also, by learning more about personal finance, you can learn what to do, and what not to do with your money.
People often say that the best way to learn is from making mistakes. I say the best way to learn is from others’ mistakes.
Luckily for you, there is a vast amount of people from all walks of life who share their experiences (including mistakes) on the Internet.
Check out this list of 200+ personal finance resources that I have curated. There are different forms of media for people of all tastes; the list includes books, blogs, podcasts, and more!
Understand the Current State of Your Finances
Have you ever been on a road trip and not knew where you were? If you’ve been lost, then you probably didn’t know where you were going. If you don’t know where you are going, you certainly aren’t going to get there.
With personal finance, if you don’t know where you are,]]>
The Mastermind Within Podcast clean 28:56 <iframe width="320" height="30" src="https://www.themastermindwithin.com/?powerpress_embed=7866-podcast&amp;powerpress_player=mediaelement-audio" frameborder="0" scrolling="no"></iframe> 15 Steps to Take to Become the Master of Your Life https://www.themastermindwithin.com/steps-to-become-master-of-life/ Sat, 06 Jul 2019 02:01:29 +0000 https://www.themastermindwithin.com/?p=8078 https://www.themastermindwithin.com/steps-to-become-master-of-life/#comments https://www.themastermindwithin.com/steps-to-become-master-of-life/feed/ 2 <img data-pin-url="https://www.themastermindwithin.com/steps-to-become-master-of-life/" width="300" height="200" src="https://i1.wp.com/www.themastermindwithin.com/wp-content/uploads/2019/06/life-mastery.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="master of your life" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>What does your dream life look like? Are you living your dream life? What if you could become the master of your life, and do whatever you wanted? Becoming the master of your life is possible, if you want to ... </p> <div><a href="https://www.themastermindwithin.com/steps-to-become-master-of-life/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/steps-to-become-master-of-life/">15 Steps to Take to Become the Master of Your Life</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p>

What does your dream life look like? Are you living your dream life? What if you could become the master of your life, and do whatever you wanted?

Becoming the master of your life is possible, if you want to take control of your life and achieve your wildest dreams.

What’s your purpose? What are you passionate about? Do you have a bucket list?

All of these questions can help you form a picture of your dream life, but getting to your dream life will require a journey and effort.

No one is an overnight success.

However, you can do anything you put your mind to.

Are you ready to become the master of your life?

Let’s begin.

15 Steps to Take to Become the Master of Your Life

master of your lifeBecoming the master of your life will take some time, but it is possible with effort and focus.

Life mastery is pushing your limits to become better each and every day. Some days will be better than others, but over time, you’ll be achieve your wildest dreams.

Below are the 15 steps you can take to become the master of your life:

  1. Be Proactive and Live Intentionally
  2. Tap into the Power of Positive Thinking
  3. Work to Live with an Abundance Mindset
  4. Set Goals for Success
  5. Apply the Concept of Compounding in Your Life
  6. Manage Your Spending and Live Within Your Means
  7. Explode Your Income
  8. Get Your Diet Right
  9. Exercise and Get Your Blood Flowing
  10. Learn How to Become a Better Learner
  11. Learn Emotional Intelligence and How to Cultivate Strong Relationships
  12. Understand it’s Okay to Say “I Don’t Know”
  13. Remove Noise and Focus on What Matters to You
  14. Network with Mentors and Those More Experienced than You
  15. Find Balance in Work, Play and Rest

Let’s dive into each of these steps in greater detail below.

1. Be Proactive and Live Intentionally

The first step to becoming the master of your life is changing your mindset and attitude towards your life.

No longer are you going to react to what your environment and surrounding is giving you. Instead, you do what you want and live with purpose.

Proactive behavior is all about planning and taking action on your plans.

If you want to get in shape, get rich, or get into a relationship, no one is going to be able to accomplish these things except for you!

You are the only person who has the power to control how your life.

You have the keys to your life. It is up to you to unlock your full potential and lead a great life. Through proactive behavior, you can take control of your life and create the success you crave.

Related full articles about proactive behavior and action: Living Intentionally with Proactive BehaviorConsistency and Action: The Most Important Habits for Success

2. Tap into the Power of Positive Thinking

Our minds are incredibly powerful and can quite literally create its own reality.

Using positive thinking can manifest itself in living the life you want to live.

Telling yourself you are a positive person will result in you becoming a more positive person.

You are what you say you are.

Saying, “I’m a negative person who can never accomplish anything” is a reinforcing trap. Saying this sort of thing will result in you being a negative person who will never accomplish anything.

Likewise, telling yourself, “I’m a positive person who can accomplish anything” will lead to accomplishments beyond your wildest dreams.

Using positive thinking can help guide you on your path to life mastery.

Related full article about positive thinking: Mindset is Everything: The Power of Positive Thinking

3. Work to Live with an Abundance Mindset

In life, rarely are situations win-lose, where you can win, and I lose (or vice versa).

Many situations in life are win-win, where through helping others and giving selflessly, we both can gain and improve over time.

Living with an abundance mindset is all about understanding there is enough to go around for all of us, and having the patience and understanding to share and give.

Related full article about living in abundance: Benefits of Living with an Abundance Mindset

4. Set Goals for Success

If you don’t know where you are going, you will never get there.

Setting goals helps put a bulls-eye on the wall for you to aim at with your actions.

By setting goals, you can start to put structure to your future.

For me, I love action based goals.

For example, one of my goals right now is to do some exercise each and every day. My want is to be in shape and to look better physically. With a little bit of exercise each day, I know I’ll be able to reach this want and goal, and will be successful.

What do you want? How will you get there? It’s time to set a goal!

Related full article about goal setting: How to Set Goals You Can Actually Achieve

5. Apply the Concept of Compounding in Your Life

Simple consistent actions WILL lead to success over time.

When starting off, it’s very tough to see any progress.

However, the power of compounding is incredibly powerful.

Think about pushing a massive rock – at first, you can barely push it. But, after pushing more and more, all of a sudden, the rock starts to move and turn over on itself.

As time goes on, you barely have to push.

That’s the power of compounding and consistency.

So many people fail to get to that breaking point, and instead give up.

Consistency WILL bring success and clarity to your situation. You need to commit to consistency if you want to find success and master your life.

Related full articles about compounding: Applying the Concept of Compound Interest in All Areas of Life

6. Manage Your Spending and Live Within Your Means

From my experience, I’m most happy when I have money in the bank, and when I’m making purchases on things which bring me direct joy.

Living paycheck to paycheck, or having debt, is no fun.

If you want to master your life, you need to get a hold on your spending and live within your means.

Saving money isn’t hard, but it does require discipline.

By saving more, you can have money in the bank to take a vacation, buy a car or house, invest in a business or a new lifestyle, and live the life you want.

Related full articles about saving money: 9 Ways to Save Thousands of Dollars Every Year5 Simple Steps to Save Your First $1,000 This YearIncrease Savings Fast by Reducing These 3 Big Expenses

7. Explode Your Income

There are two ways you can improve your financial situation in the short term: earn more money, or save more money.

While saving is great, there is a lower bound to how low you can drop your expenses.

On the flip side, with earning potential, there is no bound to how high you can grow your income.

Becoming the master of your life includes mastering your money and becoming more valuable towards others.

With a higher value, you can attract more responsibility and work, and with more responsibility and work, you can demand more pay.

Exploding your income is important because our time is limited. If you are stuck in a job you don’t like, with more savings, you could make a lifestyle change or take a lower paying job.

With growing your income, you can achieve these goals faster.

Related full article about increasing your income: The Complete Guide to Earning More Money in Your 20s and 30s

8. Get Your Diet Right

Have you ever heard of the saying, you are what you eat?

Putting garbage into your body will result in having a garbage physique and mental state.

Getting your diet right is a piece of mastering your life because food is what fuels you to take action on your goals.

Everyone will be different in what kind of food they can eat, but getting your diet right involves eating healthy foods and drinking a lot of water.

For me, eating healthy means eating a high fat, high protein diet with a lot of fruits and vegetables mixed in.

Also, for my health, I’ve experimented with fasting and do intermittent fasting.

Experimentation is important for your diet, but it is certainly a very important piece of becoming the master of your life.

9. Exercise and Get Your Blood Flowing

workout supplementsJust like diet, exercise is another important piece to life mastery.

For me, I try to do a little bit each day. I enjoy doing bodyweight exercises, biking, walking, rock climbing, and playing basketball with friends.

I don’t have a gym pass, and don’t subscribe to the thought that you need to be a meat head to be in shape.

Instead, doing a little bit each day, 30-60 minutes of activity will be good for your health and wellness.

Getting your blood pumping will help with brain activity and will also keep you strong.

10. Learn How to Become a Better Learner

On your journey to realizing your goals, at some point, you most likely will have to learn something new.

What if you could learn something and make it stick in the next week? Wouldn’t that be great?

It is possible to learn how to become a better learner.

By understanding how to become a better learner, you can develop the confidence to venture into new subjects and pick them up fast.

Related full article about learning: How to Be Better at Learning

11. Learn Emotional Intelligence and How to Cultivate Strong Relationships

Humans are social creatures, and with many situations, we have to interact with other people.

At work, for example, you most likely have to interact with a number of people: your boss, your co-workers, your clients and customers, etc.

Being able to communicate, understand emotions, and navigate through different social situations is very important for success in this world.

Communication and emotional intelligence are two skills which are arguably the most important skills to improve upon.

Working on these will take time, but they certainly worth improving and building over time.

Related full articles about relationships: 10 Emotional Intelligence Books to Read for Personal GrowthSkill with People SummaryThe 5 Love Languages Summary

12. Understand it’s Okay to Say “I Don’t Know”

“The only thing I know is that I know nothing at all.” – Socrates

The quote above is a great example of this life mastery step.

Being eternally curious, and looking to learn more and more, will lead to success over time.

Understanding that there are holes in your knowledge and understanding of things will be beneficial for your growth.

Being closed minded and living in an echo chamber is not helpful for achieving your goals.

Get out of your comfort zone, embrace uncertainty, and say “I don’t know”. It’s freeing and a lot of fun!

Related full article about growth: Have a Growth Mindset and Be Unafraid to Say I Don’t Know

13. Remove Noise and Focus on What Matters to You

There is so much noise in the world: news outlets, social media, advertisements, the list goes on and on.

What’s important to you? Is grandma’s constant Facebook posting important to you, or can that be ignored?

Focus and removing distractions will help you do what matters and get you to your goals and dreams faster.

Multi-tasking is possible, but focusing in on one task at a time is far superior.

By removing noise and distractions, you can accomplish what you need to and get on to the next step.

Related full article about removing noise: Tips for Removing Distractions and Becoming Successful

14. Network to Gain Perspective and Understanding

One of my favorite quotes is “You are the average of the five people you spend the most time with.”

For me, I know I don’t know everything, and don’t have a full perspective on my goals and life.

However, I can ask others who are more wise and knowledgeable than me to help me on my journey.

Through networking and meeting other people, you can gain a better perspective and learn about how to better your skills and knowledge.

Related full article about networking: How to Network and Perform Informational Interviews

15. Balance Work, Play and Rest

Balance is so critical in life.

While it seems you need to work every hour and day of your life to be successful, leading a fulfilling life involves balance with time for play and rest.

If you notice above, I’ve included diet, mindset, money, relationships, and exercise in the steps to creating your dream life and becoming the master of your life.

While work and action is very important, sleep, rest and having fun is equally as important!

Our bodies don’t build muscle in the gym! Our bodies build muscle during rest!

Apply this same concept to your work, and you’ll go far.

Related full article about balance: The Importance of Balance: 8 Tips to Live a Balanced Life

Become the Mastermind and Creator of Your Dream Life

With the points and articles listed above, you can start to take the next steps to create and live the life you want and deserve.

Self improvement is a life long endeavor, and life mastery is an extreme goal.

Getting to your dream life won’t happen today, it probably won’t happen tomorrow.

It might not even happen this year!

Heck, I’ve been taking steps towards “improvement” over the last 8 years and STILL feel I’m not to my goals yet.

However, with the right guidance and consistent efforts over time, you can and WILL achieve your goals.

Are you ready and motivated to take control of your life?

15 Steps To Take To Mastering Your Life

15 Steps To Take To Mastering Your Life

The post 15 Steps to Take to Become the Master of Your Life appeared first on The Mastermind Within.

]]>
What does your dream life look like? Are you living your dream life? What if you could become the master of your life, and do whatever you wanted? Becoming the master of your life is possible, if you want to ... Read More Becoming the master of your life is possible, if you want to take control of your life and achieve your wildest dreams.
What’s your purpose? What are you passionate about? Do you have a bucket list?
All of these questions can help you form a picture of your dream life, but getting to your dream life will require a journey and effort.
No one is an overnight success.
However, you can do anything you put your mind to.
Are you ready to become the master of your life?
Let’s begin.
15 Steps to Take to Become the Master of Your Life
Becoming the master of your life will take some time, but it is possible with effort and focus.
Life mastery is pushing your limits to become better each and every day. Some days will be better than others, but over time, you’ll be achieve your wildest dreams.
Below are the 15 steps you can take to become the master of your life:

* Be Proactive and Live Intentionally
* Tap into the Power of Positive Thinking
* Work to Live with an Abundance Mindset
* Set Goals for Success
* Apply the Concept of Compounding in Your Life
* Manage Your Spending and Live Within Your Means
* Explode Your Income
* Get Your Diet Right
* Exercise and Get Your Blood Flowing
* Learn How to Become a Better Learner
* Learn Emotional Intelligence and How to Cultivate Strong Relationships
* Understand it’s Okay to Say “I Don’t Know”
* Remove Noise and Focus on What Matters to You
* Network with Mentors and Those More Experienced than You
* Find Balance in Work, Play and Rest

Let’s dive into each of these steps in greater detail below.
1. Be Proactive and Live Intentionally
The first step to becoming the master of your life is changing your mindset and attitude towards your life.
No longer are you going to react to what your environment and surrounding is giving you. Instead, you do what you want and live with purpose.
Proactive behavior is all about planning and taking action on your plans.
If you want to get in shape, get rich, or get into a relationship, no one is going to be able to accomplish these things except for you!
You are the only person who has the power to control how your life.
You have the keys to your life. It is up to you to unlock your full potential and lead a great life. Through proactive behavior, you can take control of your life and create the success you crave.
Related full articles about proactive behavior and action: Living Intentionally with Proactive BehaviorConsistency and Action: The Most Important Habits for Success
2. Tap into the Power of Positive Thinking
Our minds are incredibly powerful and can quite literally create its own reality.
Using positive thinking can manifest itself in living the life you want to live.
Telling yourself you are a positive person will result in you becoming a more positive person.
You are what you say you are.
Saying, “I’m a negative person who can never accomplish anything” is a reinforcing trap. Saying this sort of thing will result in you being a negative person who will ...]]>
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Taking a Hiatus: Not Good Bye, but See You Later – Episode 34 https://www.themastermindwithin.com/taking-a-hiatus/ Tue, 18 Sep 2018 11:00:18 +0000 https://www.themastermindwithin.com/?p=5239 https://www.themastermindwithin.com/taking-a-hiatus/#comments https://www.themastermindwithin.com/taking-a-hiatus/feed/ 1 <img data-pin-url="https://www.themastermindwithin.com/taking-a-hiatus/" width="300" height="225" src="https://i0.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/04/20171019_103841.jpg?fit=300%2C225&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="wealth is a mindset" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>I’m taking a break from this podcast and in this episode, I talk about why I’m doing so and what you can expect in the coming months. Thank you for listening.</p> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/taking-a-hiatus/">Taking a Hiatus: Not Good Bye, but See You Later – Episode 34</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p>

I’m taking a break from this podcast and in this episode, I talk about why I’m doing so and what you can expect in the coming months.

Thank you for listening.

The post Taking a Hiatus: Not Good Bye, but See You Later – Episode 34 appeared first on The Mastermind Within.

]]>
I’m taking a break from this podcast and in this episode, I talk about why I’m doing so and what you can expect in the coming months. Thank you for listening. Thank you for listening.
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Monetizing Your Life with Kevin from Financial Panther – Episode 33 https://www.themastermindwithin.com/monetizing-your-life/ Tue, 11 Sep 2018 11:00:15 +0000 https://www.themastermindwithin.com/?p=5225 <img data-pin-url="https://www.themastermindwithin.com/monetizing-your-life/" width="300" height="208" src="https://i1.wp.com/www.themastermindwithin.com/wp-content/uploads/2016/12/coffee-break-1177540_640.jpg?fit=300%2C208&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="working on communication" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>The quest for financial freedom motivates different people to pursue different things. One sure way I’ve found which is speeding up the time to achieve financial freedom for me is to engage in a variety of side hustles. What is ... </p> <div><a href="https://www.themastermindwithin.com/monetizing-your-life/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/monetizing-your-life/">Monetizing Your Life with Kevin from Financial Panther – Episode 33</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> The quest for financial freedom motivates different people to pursue different things. One sure way I’ve found which is speeding up the time to achieve financial freedom for me is to engage in a variety of side hustles. What is ... Read More What is a side hustle you ask?
A side hustle is an extra business that you run beside your full-time job to generate additional income. While your full-time job is your primary source of income, a side hustle is a secondary source of income. In order to achieve wealth, you must be able to increase your income. I love doing this with my day job income, my investments and my side hustles.
There are many ways to do this and monetize your life. In this episode, we explore those ways.
Monetizing Your Life with Kevin from Financial Panther – Episode 33
My guest today is Kevin who hustles harder than anyone I know. He has over 25 apps on his phone which he can tap into for a few extra dollars a month, and currently makes around $2,000 a month on the side of his day job. I’m excited to talk to him about his side hustles, how he got to where he got to by paying down a ton of debt as a lawyer, and what his plans are for the future.
You can check out Kevin’s site here: Financial Panther.
With all episodes I look to have a few takeaways:

* When side hustling, first start out with your why and goals
* Look to answer the question, what are you good at and can you monetize these skills?
* Take action, you’ll never know what you’ll like sitting on the couch

If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
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How to Succeed in Your Career and Business in Your 20s with Tori Dunlap – Episode 32 https://www.themastermindwithin.com/how-to-succeed-in-your-career-and-business-in-your-20s/ Tue, 04 Sep 2018 11:00:58 +0000 https://www.themastermindwithin.com/?p=5172 <img data-pin-url="https://www.themastermindwithin.com/how-to-succeed-in-your-career-and-business-in-your-20s/" width="300" height="158" src="https://i0.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/01/businessman-3075837_640.jpg?fit=300%2C158&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="blogging as a business" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>When I started side hustling, I was in a job I wasn’t too thrilled about. Maybe it was a little bit of my millennial entitlement coming out… but I was frustrated by having to do the grunt work instead being ... </p> <div><a href="https://www.themastermindwithin.com/how-to-succeed-in-your-career-and-business-in-your-20s/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/how-to-succeed-in-your-career-and-business-in-your-20s/">How to Succeed in Your Career and Business in Your 20s with Tori Dunlap – Episode 32</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> When I started side hustling, I was in a job I wasn’t too thrilled about. Maybe it was a little bit of my millennial entitlement coming out… but I was frustrated by having to do the grunt work instead being ... Read More Maybe it was a little bit of my millennial entitlement coming out… but I was frustrated by having to do the grunt work instead being able to help with grand plans for the team and department.
My thought was, if being a manager at a corporation involves making tough decisions and managing 6 and 7 figure budgets, then what better way to get experience doing that than doing it for my personal life and personal business endeavors.
How was I going to do this? My side hustles.
In my early 20s, I started hustling and wanted to succeed in my career and business. How would I do this? It was tough, but with a combination of focus and consistency, I got there. Now, I’m looking to give back and help others get there with this podcast.
How to Succeed in Your Career and Business in Your 20s with Tori Dunlap – Episode 32
Tori Dunlap is a marketer, blogger, speaker, and coach. As a professional digital marketer, Tori leads, develops, and executes social media and communication strategy for global brands. Her career started with landing a digital marketing contract worth tens of thousands, and a full-time position as the head of marketing and communications for a global security company — all before she turned 22.
As the founder of Victori Media, she helps millennial women manage their money and level up their careers. She’s obsessed with finding cheap flights and reading good books in the bathtub. I was excited to talk with her about career and business in a person’s 20s for this episode.
You can check out her site here: Victori Media.
With all episodes, I want to have a few takeaways:

* Taking action is so critical

* Ideas are worthless without action!


* Be authentic on social media

* Be human! 🙂


* Consider short term and long term goals when starting a business or getting into a career

* How are your decisions going to impact your long term happiness?


* Networking is key

* It’s not what you know but who you know!



If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
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Fasting, Side Hustles, and a BIG Announcement – Episode 31 https://www.themastermindwithin.com/fasting-side-hustles-and-a-big-announcement/ Tue, 28 Aug 2018 11:00:12 +0000 https://www.themastermindwithin.com/?p=5140 <img data-pin-url="https://www.themastermindwithin.com/fasting-side-hustles-and-a-big-announcement/" width="300" height="225" src="https://i0.wp.com/www.themastermindwithin.com/wp-content/uploads/2017/08/office-381228_640.jpg?fit=300%2C225&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>This episode is a special one. I talk about a number of things, but most importantly, there’s a big announcement! The topics I cover in this one include: A real-time update of my 48 hour fast (I was at 36 ... </p> <div><a href="https://www.themastermindwithin.com/fasting-side-hustles-and-a-big-announcement/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/fasting-side-hustles-and-a-big-announcement/">Fasting, Side Hustles, and a BIG Announcement – Episode 31</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> This episode is a special one. I talk about a number of things, but most importantly, there’s a big announcement! The topics I cover in this one include: A real-time update of my 48 hour fast (I was at 36 ... Read More The topics I cover in this one include:

* A real-time update of my 48 hour fast (I was at 36 hours when I recorded this at 5:30 AM)
* Giving a podcast update

* We are up to 130 downloads consistently! Thank you listeners!!


* A discussion of my statistical consulting side hustle
* Talking about the big announcement (below) 

You’ll definitely find this episode to be a little different and hopefully very enjoyable 🙂
Fasting, Side Hustles, and a BIG Announcement – Episode 31
Here’s the big announcement: I’m starting another podcast with Simplistic Steph (from episode 27!)
When I launched The Mastermind Within Podcast, I didn’t do any promotion.
There are a number of things I did which may or may not have been best practice for launching a podcast.

* I didn’t get hype through my mailing list, through contacting other influencers (bloggers or podcasters), or through announcing it on this blog
* I posted 1 25 minute episode which was literally just me rambling about wanting to scratch my entrepreneurial itch.
* For this podcast, there was no intro, outro, or any other sound effects at the start.

Instead of doing this… Steph and I are spending a month refining our idea, working on our website, and getting hype until the middle of September launch. When we launch, we will have 4 episodes ready for you to listen to.
Why should you care about all of this?
We are doing a pre-launch giveaway!!
You have the chance to win some books! We are going to announce the winners of our giveaway during episode 1 of this new podcast. Go to the pre-launch giveaway page on Simple Minded Millennial, enter your information and you’ll be entered into the contest.
I’m very excited to start this new endeavor. My purpose is to build things and help people and this will fulfill callings. I have no doubt you will love this new podcast if you are interested in simplicity, mindfulness, and success as a Millennial!
Hope you love this episode!!
If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
 
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Win with Your Personal Finances featuring Jason from Winning Personal Finance – Episode 30 https://www.themastermindwithin.com/win-with-your-personal-finances/ Tue, 21 Aug 2018 10:00:23 +0000 https://www.themastermindwithin.com/?p=5106 <img data-pin-url="https://www.themastermindwithin.com/win-with-your-personal-finances/" width="300" height="181" src="https://i0.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/04/rawpixel-com-570908-unsplash.jpg?fit=300%2C181&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="track your income and expenses" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>All of us have a powerful brain which can be used to better your situation. All of us are unique and have different talents. You have the power and resources to improve your situation if you want. How can you ... </p> <div><a href="https://www.themastermindwithin.com/win-with-your-personal-finances/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/win-with-your-personal-finances/">Win with Your Personal Finances featuring Jason from Winning Personal Finance – Episode 30</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> All of us have a powerful brain which can be used to better your situation. All of us are unique and have different talents. You have the power and resources to improve your situation if you want. How can you ... Read More How can you get what you want? At a very basic level, unfortunately, getting what you want requires money. But money in itself is not fulfilling.
Money is a tool to do what you want with your time and money.
How can you become better with money? Increasing your financial literacy and understanding will be very beneficial. Setting goals, and hitting those goals will help as well.
Win with Your Personal Finances featuring Jason from Winning Personal Finance – Episode 30
Jason works in corporate accounting and finance. He’s in his mid-30s and on track to be financially independent in about a decade while living in a high cost area. He’s focused on building wealth for the future while also helping others by sharing his financial knowledge on his blog. Each day, he wakes up a nd tries to take steps to maximize the overall happiness in his and his wife’s lives.
In this episode, we will be chatting about the topic of happiness, how setting goals and how compounding both learning and money over time is beneficial to your life’s purpose, and what winning personal finance is all about. Welcome Jason to the show!!
You can find his website here: Winning Personal Finance
With all episodes, I look to provide a few takeaways for your to apply in your life:

* Money is a tool to maximize your long term happiness

* What makes you happiest? That’s what should drive your money decisions.


* Every money decision carries an opportunity cost.

* Spending today will result in less savings tomorrow. Saving today will result in sacrificing things today. Neither are bad, but both need to be considered.


* Long term, strategic and intentional thinking will help you make better decisions

* Thinking critically about your situation is always a good idea when making big decisions!



If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
Hope you love this episode!!
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Practicing Minimalism to Build a Better Business with Jack the Dreamer – Episode 29 https://www.themastermindwithin.com/practicing-minimalism-to-build-a-better-business/ Tue, 14 Aug 2018 11:00:18 +0000 https://www.themastermindwithin.com/?p=5095 <img data-pin-url="https://www.themastermindwithin.com/practicing-minimalism-to-build-a-better-business/" width="300" height="200" src="https://i1.wp.com/www.themastermindwithin.com/wp-content/uploads/2017/01/lotus-1205631_640.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="practicing minimalism" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>What really brings you happiness in life? Is it the things you have, the experiences you remember, or the people you hang out with? Is it a combination of all three or is there one that sticks out the most? ... </p> <div><a href="https://www.themastermindwithin.com/practicing-minimalism-to-build-a-better-business/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/practicing-minimalism-to-build-a-better-business/">Practicing Minimalism to Build a Better Business with Jack the Dreamer – Episode 29</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> What really brings you happiness in life? Is it the things you have, the experiences you remember, or the people you hang out with? Is it a combination of all three or is there one that sticks out the most? ... Read More Lately, I’ve been trying to reduce the “stuff” in my house, and have been considering alternative living situations. I’m still trying to figure out what is best for me, but I’m definitely open to learning more about minimalism.
Applying Minimalism to Build a Better Business with Jack the Dreamer – Episode 29
Jack is a minimalist and dreamer. He practices KonMari minimalism, and also sleeps on a yoga mat! He is passionate about growing wealth, traveling and personal finance and is currently on his way to financial freedom.
I’m excited to talk to him today about his dreams, why he practices minimalism, entrepreneurship, and much more. Welcome Jack!
You can check out his blog here:  Jack the Dreamer
With all episodes, I look to provide a few takeaways for your to apply in your life:

* If you are looking to become a person who practices minimalism, look to find include things in your life which bring direct happiness. 

* If it doesn’t bring you happiness, then it’s not worth having (in the eyes of a minimalist).


* Becoming more mindful of yourself will  in turn help becoming mindful towards others

* Surrounding yourself with complimentary viewpoints and personalities will help you in your business



If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
Hope you love this episode!!
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Preparing for Financial Storms featuring Andrei Polgar – Episode 28 https://www.themastermindwithin.com/preparing-for-financial-storms/ Tue, 07 Aug 2018 11:30:38 +0000 https://www.themastermindwithin.com/?p=5027 <img data-pin-url="https://www.themastermindwithin.com/preparing-for-financial-storms/" width="300" height="200" src="https://i2.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/02/leon-contreras-453339.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="unlock your full inner potential" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Are you prepared if a financial storm were to come through today? I know I’m not 100% prepared and unfortunately, I know of many people who are not prepared for a financial storm. How do you prepared for a financial ... </p> <div><a href="https://www.themastermindwithin.com/preparing-for-financial-storms/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/preparing-for-financial-storms/">Preparing for Financial Storms featuring Andrei Polgar – Episode 28</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> Are you prepared if a financial storm were to come through today? I know I’m not 100% prepared and unfortunately, I know of many people who are not prepared for a financial storm. How do you prepared for a financial ... Read More How do you prepared for a financial storm? Is it possible to cover all of the possibilities? Are we in a bubble today? What if something were to happen tomorrow?
While there’s no true blueprint for overcoming a disaster, there are many ways and strategies which can help you navigate these tough times.
Preparing for Financial Storms featuring Andrei Polgar – Episode 28
My guest today is Andrei. Andrei is a two time author, economist, investor and entrepreneur who also happens to run a successful YouTube channel called One Minute Economics. His work has received worldwide exposure, from platforms like MSN to universities such as Open University in the UK or Laureate International Universities to even television, from Holland and Croatia all the way to Kenya!
His second book, The Age of Anomaly is out this week and will be discounted heavily until Sunday – I read it and am excited to chat more with Andrei about the ideas and thoughts about the content. Living in Romania, he has a different perspective on investing and building wealth and I’m excited to chat about his thoughts in this episode.
You can check out his book here: The Age of Anomaly.
Andrei is also hosting a giveaway on his YouTube Channel.
With all episodes, I look to provide a few takeaways for your to apply in your life:

* It’s better to be early rather than late

* In the case of emergency, it’s always better to be early rather than late!


* Considering both sides of every issue is healthy, and all assets have a place in your portfolio

* While stocks have been great in the United States, there’s a case to be made for all assets. These assets would include bonds, real estate, cryptocurrency, precious metals, art, jewelry, etc.


* It’s not enough to be financially resilient, but also physically and mentally resilient

* Having a strong mental game is key to most things in life, and will help if crisis hits.



If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
Hope you love this episode!!
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Does More School or A Career Pivot Make More Sense? with Simplistic Steph – Episode 27 https://www.themastermindwithin.com/does-more-school-or-a-career-pivot-make-more-sense/ Tue, 31 Jul 2018 11:30:58 +0000 https://www.themastermindwithin.com/?p=5001 <img data-pin-url="https://www.themastermindwithin.com/does-more-school-or-a-career-pivot-make-more-sense/" width="300" height="199" src="https://i0.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/01/element5-digital-352046-unsplash.jpg?fit=300%2C199&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="does more school or a career pivot make more sense?" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Many individuals consider the following question when thinking about a career change: does more school or a career pivot make more sense? Ultimately, the decision is a personal one, and there are a number of things that need to be ... </p> <div><a href="https://www.themastermindwithin.com/does-more-school-or-a-career-pivot-make-more-sense/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/does-more-school-or-a-career-pivot-make-more-sense/">Does More School or A Career Pivot Make More Sense? with Simplistic Steph – Episode 27</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> Many individuals consider the following question when thinking about a career change: does more school or a career pivot make more sense? Ultimately, the decision is a personal one, and there are a number of things that need to be ... Read More Ultimately, the decision is a personal one, and there are a number of things that need to be considered. While there’s no tried and true framework to determine the right answer, I’ve tried to uncover some things to help this decision.
Does More School or A Career Pivot Make More Sense? with Simplistic Steph – Episode 27
My guest today is Steph who is a marketer who is currently deciding whether she should go for more school vs. pursuing starting a business or joining the gig economy. She is married and lives in Tennessee, and thinks more school is the answer!
I’m excited to dive in on her thoughts and think deeply about earning potential in all cases, what are the pros and cons of gigs vs. credentials, and much more!
You can check out her site her: Simplistic Steph
With all episodes, I look to provide a few takeaways for your to apply in your life:

* If you want to go back to school, you should consider a few different things:

* Goals, financial situation, and choice of degree


* Networking is incredibly important no matter what space you are in

* Finding the right fit can be done through meeting people and being open to new opportunities



If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
Hope you love this episode!!
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Overcoming Financial Troubles and Becoming Financially Woke with Peerless Money Mentor – Episode 26 https://www.themastermindwithin.com/overcoming-financial-troubles-becoming-financially-woke/ Tue, 24 Jul 2018 12:00:53 +0000 https://www.themastermindwithin.com/?p=4998 <img data-pin-url="https://www.themastermindwithin.com/overcoming-financial-troubles-becoming-financially-woke/" width="300" height="232" src="https://i1.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/02/flexibility.jpg?fit=300%2C232&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="ace business plan" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Unfortunately, not everyone is a financial superstar when they enter the real world. Personally, I’ve made a number of mistakes, but now, I’ve overcome these problems and am building wealth for the future. It’s been a tough path, and even ... </p> <div><a href="https://www.themastermindwithin.com/overcoming-financial-troubles-becoming-financially-woke/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/overcoming-financial-troubles-becoming-financially-woke/">Overcoming Financial Troubles and Becoming Financially Woke with Peerless Money Mentor – Episode 26</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> Unfortunately, not everyone is a financial superstar when they enter the real world. Personally, I’ve made a number of mistakes, but now, I’ve overcome these problems and am building wealth for the future. It’s been a tough path, and even ... Read More Personally, I’ve made a number of mistakes, but now, I’ve overcome these problems and am building wealth for the future.
It’s been a tough path, and even though now I don’t have a student loan, or an auto loan anymore, and am saving money each and every month, there’s still more to do and another thing to learn to continue to optimize your financial situation.
Overcoming Financial Troubles and Becoming Financially Woke with Peerless Money Mentor – Episode 26
My guest today is Jerry. Jerry is a blogger, government employee and Uber driver who is on his way to financial freedom. Self described as a member of Broke Phi Broke, he is now financially woke and building wealth for the future.
I’m excited to chat with him about his personal finance mistakes and struggles, how he has changed his mindset and tactics to improve his financial situation, and what tips and tricks he has for you in your financial life.
You can check out his website here: Peerless Money Mentor
With all episodes, I look to have a few takeaways for your to apply in your life:

* Stay positive on your way to financial success

* Things don’t happen overnight, and don’t kick yourself either. Mistakes happen.


* Figure out where you are financially

* What gets measured, gets managed


* Understand your talents and look to monetize your talents!

* Jerry talked about a friend who scored a 5 figure contract after focusing on what she did best!



If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
Hope you love this episode!!
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Personal Development to Financial Freedom featuring Half Life Theory – Episode 25 https://www.themastermindwithin.com/personal-development-to-financial-freedom/ Tue, 17 Jul 2018 12:00:42 +0000 https://www.themastermindwithin.com/?p=4951 <img data-pin-url="https://www.themastermindwithin.com/personal-development-to-financial-freedom/" width="300" height="169" src="https://i1.wp.com/www.themastermindwithin.com/wp-content/uploads/2017/08/new-brighton-1239724_640.jpg?fit=300%2C169&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="growth mindset" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>People tend to underestimate how much they can accomplish in a year, but overestimate what they can accomplish in a day. Everyone has 24 hours in a day, 168 hours in a week, 720 hours in month, and 8,760 hours ... </p> <div><a href="https://www.themastermindwithin.com/personal-development-to-financial-freedom/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/personal-development-to-financial-freedom/">Personal Development to Financial Freedom featuring Half Life Theory – Episode 25</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> People tend to underestimate how much they can accomplish in a year, but overestimate what they can accomplish in a day. Everyone has 24 hours in a day, 168 hours in a week, 720 hours in month, and 8,760 hours ... Read More What do you want to achieve? How many hours do you think it will take for you to accomplish your goal in a year? Three years, five years? Think about this – in five years you’ll be on this Earth for 43,800 hours.
If you need to invest 100 hours in your idea, spending five hours today and then not picking it up for two months isn’t going to get you towards your goal. Instead, invest a hour a day over the next 100 days and you’ll reach your goal. Or spend half an hour over 200 days. Investing consistent time on your personal development will get you to where you want to go.
I encourage you to take action today. Sit down for 30 minutes, put away your phone, and focus on taking a step on your idea.
If you feel like you don’t have enough time, I’m sure there are ways to adjust your lifestyle to make room for your goals. I cut cable and made time for reading. I stopped going to the bar each weekend, coming home at 2 AM, and waking up hungover. Instead, I started going to bed at a reasonable hour, walking up at 8 AM or earlier on Saturdays to hustle.
Things don’t always come as fast as you’d like, but over time, success will come. As you grow, turn that knowledge into action and you can find the success you’re looking for.
In this episode, I’ll be sharing with my thoughts on personal development, growth and sharing the story of someone applying this in their life today.
Personal Development to Financial Freedom featuring Half Life Theory – Episode 25
My guest today is TJ, someone all about freedom and doing what he wants with his life and family. Focused on building wealth and pursuing financial independence, he is constantly looking to learn and improve his situation. I’m excited to talk about wealth, financial freedom, and self improvement.
You can check out TJ’s site here: Half Life Theory
With all episodes, I look to have a few takeaways for your to apply in your life:

* Increasing your income will lead to an easier time on the path to financial freedom
* There is not just one way to becoming successful with money
* Things can change over time through personal development for the better

If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
Hope you love this episode!!
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Creating a Financial Waterfall through Side Hustling with Cody from Fly to FI – Episode 24 https://www.themastermindwithin.com/creating-a-financial-waterfall-through-side-hustling/ Tue, 10 Jul 2018 11:30:22 +0000 https://www.themastermindwithin.com/?p=4888 <img data-pin-url="https://www.themastermindwithin.com/creating-a-financial-waterfall-through-side-hustling/" width="300" height="184" src="https://i1.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/02/westboundary-photography-chris-gill-601801.jpg?fit=300%2C184&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="abundance mindset" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Want to improve your financial situation? Are you side hustling? Get off the couch and go make a little bit more money! Side hustling is a great way to get a little bit more money in your pocket and can ... </p> <div><a href="https://www.themastermindwithin.com/creating-a-financial-waterfall-through-side-hustling/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/creating-a-financial-waterfall-through-side-hustling/">Creating a Financial Waterfall through Side Hustling with Cody from Fly to FI – Episode 24</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> Want to improve your financial situation? Are you side hustling? Get off the couch and go make a little bit more money! Side hustling is a great way to get a little bit more money in your pocket and can ... Read More Get off the couch and go make a little bit more money!
Side hustling is a great way to get a little bit more money in your pocket and can help you improve your financial situation outside of your day job.
What’s awesome, is that it can actually help you make more money in your day job too!
Creating a Financial Waterfall through Side Hustling with Cody from Fly to FI – Episode 24
Cody is a recent college graduate, but don’t let that stop you from thinking he hasn’t done much with his life. He was able to secure a near-six-figure income straight out of college with a bachelor’s degree. But the W2 job isn’t what excites Cody. He is an entrepreneur at heart who has already founded a successful business and a profitable blog. He’s constantly shooting for the stars and looking for opportunities to advance his financial position.
I’m excited to dive into talking about side hustling, increasing your income, and also talk about how to go about getting into business in your 20s. Welcome Cody!
You can check out Cody’s website here: Fly to FI
With all episodes, I want to have a few takeaways for you to apply in your life. Here are three from this episode:

* Action is so critical to achieving your goals

* Ideas are worthless without action


* Look to create your financial waterfall through multiple income streams

* Side hustles, W2 work, real estate, (if these make sense) all can lead to income streams which can allow for a flexible lifestyle


* The best side hustle is the one you are most passionate about

* The best side hustle is not one that makes you millions, but doing something you’ll love and enjoy



If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
Hope you love this episode!!!
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Networking, Hedge Fund Life, and Blogging with Chelsea from Mama Fish Saves – Episode 23 https://www.themastermindwithin.com/networking-hedge-fund-life-and-blogging/ Tue, 03 Jul 2018 11:30:47 +0000 https://www.themastermindwithin.com/?p=4880 <img data-pin-url="https://www.themastermindwithin.com/networking-hedge-fund-life-and-blogging/" width="300" height="200" src="https://i0.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/03/pedro-lastra-152876-unsplash.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="Financial Independence in a High Cost of Living Area" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Get an amazing job, save a bunch of money at an early age, and then pivot in your career and spend more time with your family and working on things you want. Sounds like a pretty awesome life, right? Financial ... </p> <div><a href="https://www.themastermindwithin.com/networking-hedge-fund-life-and-blogging/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/networking-hedge-fund-life-and-blogging/">Networking, Hedge Fund Life, and Blogging with Chelsea from Mama Fish Saves – Episode 23</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> Get an amazing job, save a bunch of money at an early age, and then pivot in your career and spend more time with your family and working on things you want. Sounds like a pretty awesome life, right? Financial ... Read More Sounds like a pretty awesome life, right?
Financial freedom at a relatively young age is a goal of mine, and there are many people out there who are striving for the same goal.
What if you could make $$$ and speed up the process? Would that interest you?
Networking, Hedge Fund Life, and Blogging with Chelsea from Mama Fish Saves – Episode 23
My guest today is Chelsea, a former portfolio manager at a major hedge fund turned personal finance blogger, who now works with families and mothers to better their financial situation. Early in her life, she focused on building wealth and secured a lucrative role on Wall Street.
After building up sizable nest egg and having her son, she realized the wall street lifestyle was not her true calling and made a change. I’m excited to chat with her about her experience on Wall Street, what financial tips and tricks she has for super high income individuals, what parallels blogging and hedge funds have in common, and much more! Welcome Chelsea!
You can check out Chelsea’s website here: Mama Fish Saves
With all episodes, I want to have a few takeaways for you to apply in your life. Here are three from this episode:

* Networking is so critical in getting your dream job

* Knowing the right people, talking and figuring out what you love, and learning how to speak about your interests will improve your chance of getting the job you want.


* Save early and often!

* Chelsea worked for a few years at a high paying job and because she saved a ton of her income, she was able to pivot to spend more time with her family and do something completely different in her work!


* Consistent efforts will lead to success over time

* Going from 0 to 100 will not happen in 1 day. It probably won’t happen in a week either. But, by taking a step each and every day, you will get to where you want to go.



If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
Hope you love this episode!!!
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Hustling and Going Down Rabbit Holes – Episode 22 https://www.themastermindwithin.com/hustling-and-going-down-rabbit-holes/ Tue, 26 Jun 2018 12:00:38 +0000 https://www.themastermindwithin.com/?p=4841 <img data-pin-url="https://www.themastermindwithin.com/hustling-and-going-down-rabbit-holes/" width="300" height="200" src="https://i2.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/06/chan-swan-481016-unsplash.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="going down rabbit holes" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Every once in a while it’s good to take a step back and assess where you are in life. June was quite the month for me hustle wise: I wrote a number of guest posts, kept up with my podcasting ... </p> <div><a href="https://www.themastermindwithin.com/hustling-and-going-down-rabbit-holes/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/hustling-and-going-down-rabbit-holes/">Hustling and Going Down Rabbit Holes – Episode 22</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> Every once in a while it’s good to take a step back and assess where you are in life. June was quite the month for me hustle wise: I wrote a number of guest posts, kept up with my podcasting ... Read More June was quite the month for me hustle wise: I wrote a number of guest posts, kept up with my podcasting and posting schedule here on The Mastermind Within, and have started to enjoy summer with my girlfriend and family.
With that said, I was getting burnt out and I was thinking about stopping this podcast.
Instead of quitting though, I’ve found myself re-energized and ready to crank through another handful of episodes!
Hustling and Going Down Rabbit Holes – Episode 22
In this episode, I cover a bunch of different things:

* My entrepreneurial story
* How I was feeling burnt out in the middle of June and considered stopping this podcast
* Why it’s important to have a balance between creation and consumption
* Why thinking critically is something you need to do.
* Something that has been bothering me lately: inflation and one of the “myths” of the stock market.
* Outline the next few episodes on The Mastermind Within Podcast

Related reading:

* Think Critically. Personal Finance is Personal. Do What’s Right for You.
* Change is Hard, Beautiful and Okay
* Ideas are Worthless Without Action

If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
Hope you love this episode!!!
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Debt Reduction and Intentional Living to Financial Freedom featuring Debt Free Climb – Episode 21 https://www.themastermindwithin.com/debt-reduction-and-travel-hacking-to-financial-freedom/ Tue, 19 Jun 2018 12:00:32 +0000 https://www.themastermindwithin.com/?p=4808 <img data-pin-url="https://www.themastermindwithin.com/debt-reduction-and-travel-hacking-to-financial-freedom/" width="300" height="200" src="https://i2.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/04/andrew-coelho-46450-unsplash.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="become debt free with avalanche method" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Another episode about debt! I was reading an article the other day about how Americans in the first quarter of 2018 paid off $40 billion in credit card debt, the second biggest ever. First off, $40 billion is barely a ... </p> <div><a href="https://www.themastermindwithin.com/debt-reduction-and-travel-hacking-to-financial-freedom/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/debt-reduction-and-travel-hacking-to-financial-freedom/">Debt Reduction and Intentional Living to Financial Freedom featuring Debt Free Climb – Episode 21</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> Another episode about debt! I was reading an article the other day about how Americans in the first quarter of 2018 paid off $40 billion in credit card debt, the second biggest ever. First off, $40 billion is barely a ... Read More I was reading an article the other day about how Americans in the first quarter of 2018 paid off $40 billion in credit card debt, the second biggest ever.
First off, $40 billion is barely a drop in the bucket for the outstanding credit card debt of over $1 trillion, but is interesting.
So many people are still in debt, and PAYING the bank interest month after month.
The banks are getting rich, and people are staying poor.
Let’s change that – let’s become wealthier.
Debt Reduction and Intentional Living to Financial Freedom featuring Debt Free Climb – Episode 21
My guest today is Gary. Gary is a business analyst living in Texas who has recently had a huge financial win in 2017: he paid down 55k of student loans in 3.5 years. He is an avid travel hacker as well.
I’m very excited to have him on the show today to talk about his debt paydown tips and tricks, as well as get into some of his thoughts on side hustling, travel hacking, and intentional living. Welcome Gary to the show!
You can check out Gary’s website here: Debt Free Climb
With all episodes, I want to have a few takeaways for you to apply in your life. Here are four from this episode:

* Track your income and expenses

* One of the most important actions in personal finance.


* Automate your payments

* Setting up automatic transfers will allow you to hit your goals without thinking about them


* Play offense and defense 

* Look to invest while paying down debt to take advantage of compounding.


* Stay positive

* The path to debt freedom might be long, but it will work out in the long run.



If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
Hope you love this episode!!!
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Getting Married and Paying Down $40,000 in Debt with Matt Spillar – Episode 20 https://www.themastermindwithin.com/getting-married-paying-down-40000-in-debt/ Tue, 12 Jun 2018 12:00:02 +0000 https://www.themastermindwithin.com/?p=4777 <img data-pin-url="https://www.themastermindwithin.com/getting-married-paying-down-40000-in-debt/" width="300" height="169" src="https://i1.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/06/sweet-ice-cream-photography-92259-unsplash.jpg?fit=300%2C169&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="getting married and paying down $40,000 in debt" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Money is a tool which allows you to do what you want in life. One of the leading causes of divorce is money, and it’s very important to communicate with your spouse and partner about your finances. By getting your ... </p> <div><a href="https://www.themastermindwithin.com/getting-married-paying-down-40000-in-debt/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/getting-married-paying-down-40000-in-debt/">Getting Married and Paying Down $40,000 in Debt with Matt Spillar – Episode 20</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> Money is a tool which allows you to do what you want in life. One of the leading causes of divorce is money, and it’s very important to communicate with your spouse and partner about your finances. By getting your ... Read More One of the leading causes of divorce is money, and it’s very important to communicate with your spouse and partner about your finances.
By getting your finances in order, tracking your income and expense, paying down debt, and building wealth for the future, you will be in a spot to do whatever you want with your time and money.
Getting Married and Paying Down $40,000 in Debt with Matt Spillar – Episode 20
My guest today is Matt. Matt is a marketer living in California who recently had a huge win financially: he finished off him and his wife’s student debt! He now is sharing his story on his blog and has been blogging for over 2 years at Spills Spot, paid off $40K of student loan debt including $15,000 in 10 months, has a side hustle with a minor league baseball team, and lives in the Bay Area with his wife and 2 dogs.
I’m very happy to have him on the show today to talk about how and why he destroyed his debt, what getting laid off looks like, what are the next steps for him financially, and much more! Welcome Matt to the show!
You can check out Matt’s website here: Spills Spot
With all episodes, I want to have a few takeaways for you to apply in your life. Here are five from this episode:

* Figure out where you are financially  

* Break down your goal, figure out your balances and interest rates, and then determine why you are doing the debt paydown


* Track your income and expenses

* What gets measured, gets managed. This is so key if you want to improve in anything in life, but in particular, personal finance.


* Look to increase your income over time

* With more money each month comes more options.


* Realize money is a tool to do what you want in life

* Just like the last point, with more money, comes more options.


* Personal finance isn’t too complicated, learn a little bit over time and watch your finances improve!

* Learning a little bit each and every day, doing a little more, will result in big success 🙂



If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
Hope you love this episode!!!
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Destroying $90,000 of Debt with Krystel from All She Saves – Episode 19 https://www.themastermindwithin.com/destroying-90000-of-debt/ Tue, 05 Jun 2018 12:00:12 +0000 https://www.themastermindwithin.com/?p=4711 <img data-pin-url="https://www.themastermindwithin.com/destroying-90000-of-debt/" width="300" height="199" src="https://i0.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/04/sagar-patil-237757-unsplash.jpg?fit=300%2C199&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="applying the concept of compound interest" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Being in debt restricts your ability to be free. Being debt free allows you to do what you want – without being tied to the expectations of a bank or another individual. Many people ask, “How can I become debt ... </p> <div><a href="https://www.themastermindwithin.com/destroying-90000-of-debt/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/destroying-90000-of-debt/">Destroying $90,000 of Debt with Krystel from All She Saves – Episode 19</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> Being in debt restricts your ability to be free. Being debt free allows you to do what you want – without being tied to the expectations of a bank or another individual. Many people ask, “How can I become debt ... Read More Many people ask, “How can I become debt free? What are the steps to becoming debt free?”
In this episode, my guest will share with you some of her best tips on debt pay down, as she has paid down a ton of debt in the past few years after making it a focus of hers.
Destroying $90,000 of Debt with Krystel from All She Saves – Episode 19
My guest today is Krystal. Krystal is my friend and fellow blogger who is currently half way through crushing her student loans. She has decided to become the victor, not the victim, of her student loan situation, and now has paid down over $40,000 of debt in the last few years.
While she enjoys nice things, she is now balancing her financial situation for future success. I’m excited to chat with her about her debt journey, how she balances liking nice things and saving, and much more. Welcome Krystal!
You can connect with Krystel at All She Saves.
With all episodes, I want to have a few takeaways for you to apply in your life. Here are four from this episode:

* Track Your Income and Expenses!

* What gets measured, gets managed.
* Tracking your income and expenses will allow you to see what you can reduce in your spending, and help you optimize your money management


* If becoming debt-free is a goal of yours, go all in

* Start paying a little bit extra on your debt, and watch compounding take action


* Chatting with other people about finances shouldn’t be taboo

* Opening up can result in great success and conversations



I hope you enjoy this episode!
If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
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Building Wealth with Real Estate featuring Leo from I Saved 5k – Episode 18 https://www.themastermindwithin.com/building-wealth-with-real-estate/ Tue, 29 May 2018 12:00:26 +0000 https://www.themastermindwithin.com/?p=4650 <img data-pin-url="https://www.themastermindwithin.com/building-wealth-with-real-estate/" width="300" height="200" src="https://i1.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/02/terrah-holly-16329-unsplash.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="building wealth through real estate" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Buying a house is complicated, but the puzzle can be solved. I’ve purchased a house before, and I almost purchased another one and ultimately backed out of the purchase agreement. There is so much to know about buying a house, ... </p> <div><a href="https://www.themastermindwithin.com/building-wealth-with-real-estate/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/building-wealth-with-real-estate/">Building Wealth with Real Estate featuring Leo from I Saved 5k – Episode 18</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> Buying a house is complicated, but the puzzle can be solved. I’ve purchased a house before, and I almost purchased another one and ultimately backed out of the purchase agreement. There is so much to know about buying a house, ... Read More I’ve purchased a house before, and I almost purchased another one and ultimately backed out of the purchase agreement.
There is so much to know about buying a house, securing the offer, real estate investing, and building wealth with real estate.
While I’m not an expert, I do know a few people who have been successful with real estate.
Building Wealth with Real Estate featuring Leo from I Saved 5k – Episode 18
My guest today is my friend, Leo. Leo is a successful real estate investor with a net worth of over $1 million dollars, a real estate agent, and someone passionate about personal finance and helping others. He runs a successful blog and is focused on building wealth for the future through a number of income streams.
I’m excited to chat with him why he believes real estate is a great investment class, how he has grown his net worth to over $1 million through various investments, the steps for buying a house, and other tips and tricks he has that you should know when looking for houses.
You can connect with Leo at I Saved 5k.
With all episodes, I want to have a few takeaways for you to apply in your life. Here are four from this episode:

* First and foremost, and with most things in life, start with your goals.

* What is most important to you for housing? How long do you want your commute? What about if you have kids?


* Find a real estate agent who has the same mindset and wants to help you

* Some real estate agents only care about the money at the end of the day, but don’t care about you or the house. It’s important to ask the right questions to find the right real estate agent.


* Keep in mind your level of handiness when seeing houses

* You don’t want to find a crappy house and realize later that it needs $$$ to do repairs!


* If you are going to get into real estate investing, finding a friend who is on the same page might be valuable

* Leo has a business partner who is helpful with financing, spreading out the work, and spreading out the risk



I hope you enjoy this episode!
If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
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Freelancer Personal Finance Success with Ally-Jane Grossan – Episode 17 https://www.themastermindwithin.com/freelancer-personal-finance-success/ Tue, 22 May 2018 12:00:09 +0000 https://www.themastermindwithin.com/?p=4608 <img data-pin-url="https://www.themastermindwithin.com/freelancer-personal-finance-success/" width="300" height="200" src="https://i1.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/05/mike-chavarri-553396-unsplash.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="freelancer personal finance success" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Many people talk about wanting to strike out on their own and become a freelancer. What does this actually mean? How can you be successful as a freelancer? Also, how can you balance freelancing with personal finance success? Freelancer Personal ... </p> <div><a href="https://www.themastermindwithin.com/freelancer-personal-finance-success/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/freelancer-personal-finance-success/">Freelancer Personal Finance Success with Ally-Jane Grossan – Episode 17</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> Many people talk about wanting to strike out on their own and become a freelancer. What does this actually mean? How can you be successful as a freelancer? Also, how can you balance freelancing with personal finance success? Freelancer Personal ... What does this actually mean? How can you be successful as a freelancer? Also, how can you balance freelancing with personal finance success?
Freelancer Personal Finance Success with Ally-Jane Grossan – Episode 17
My guest today is my friend, Ally-Jane. Ally-Jane is a freelancer living in New York City. She has a food blog, and in 2017, launched a money podcast called MoneySplained which talks about all of the financial topics you should have learned in school but didn’t.
I’ve invited her on the show today to talk about the in’s and out’s of freelancing, what tips and strategies she has used in the past for securing clients and keeping them, and learn more about how someone who is interested in freelancing could go about getting started.
You can listen to her podcast here at Moneysplained and check out her financial planning firm here at Brooklyn FI.
With all episodes, I want to have a few takeaways for you to apply in your life. Here are three from this episode:

* Stay organized

* Make sure you are documenting your income and expenses for tax and business purposes as a freelancer


* Get a business bank account

* Setting up a business isn’t too difficult. Getting a business bank account will take you less than an hours time and will help with point #1.


* When starting out, it’s okay to take jobs just to pay the bills

* If you aren’t crushing it out of the gate, it’s perfectly okay to take jobs which will pay the bills and help keep yourself relatively stress free on the way to success.



I hope you enjoy this episode!
If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
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How to Write Copy like a Pro with Saad from Copy Candid – Episode 16 https://www.themastermindwithin.com/how-to-write-copy-like-a-pro/ Tue, 15 May 2018 12:00:51 +0000 https://www.themastermindwithin.com/?p=4573 <img data-pin-url="https://www.themastermindwithin.com/how-to-write-copy-like-a-pro/" width="300" height="204" src="https://i2.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/05/rawpixel-584291-unsplash.jpg?fit=300%2C204&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="how to write copy like a pro" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>In this week’s episode, we are touching on sales and marketing. As Bill from Wealth Well Done said in episode 4, “without sales, YOU HAVE NO business.” There are many ways to do sales: face to face conversation, cold calling, ... </p> <div><a href="https://www.themastermindwithin.com/how-to-write-copy-like-a-pro/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/how-to-write-copy-like-a-pro/">How to Write Copy like a Pro with Saad from Copy Candid – Episode 16</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> In this week’s episode, we are touching on sales and marketing. As Bill from Wealth Well Done said in episode 4, “without sales, YOU HAVE NO business.” There are many ways to do sales: face to face conversation, cold calling, ... Read More Bill from Wealth Well Done said in episode 4, “without sales, YOU HAVE NO business.”
There are many ways to do sales: face to face conversation, cold calling, cold emails, advertising to landing pages, and the list goes on and on.
Specifically, online, when creating content or a website, you’ll hear the word copywriting come up from time to time. Copy is the text on the page and believe it or not, there is a strategy for arranging the text to hopefully influence the reader into wanting to consume more of your content.
I don’t know too much about copywriting…  That’s why I’ve invited one of my good friends and someone I’ve worked with in the past to share his copywriting tips.
How to Write Copy like a Pro with Saad from Copy Candid – Episode 16
My guest today is my friend, Saad. Saad is a copywriter and freelancer who helps businesses increase their revenue online through his writing. He is also a self improvement junkie who is always looking to become just a little bit better than he was yesterday.
I’m excited to bring him on the show today to talk about his copywriting work, what successful copywriting looks like, and how we all can improve our sales process online.
You can check out Saad’s site here: Copy Candid
With all episodes, I want to have a few takeaways for you to apply in your life. Here are two from this episode:

* Make your copy read like a conversation at the bar with your best friend
* Look to see what your competitors are doing

* You don’t need to reinvent the wheel
* See how you can make their work better and add your own personal touch


* Check out resources such as Swiped.co and make a conscious effort to recognize good copy on Facebook or Google ads when searching or viewing these channels.

I hope you enjoy this episode!
If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
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Designing Interactive and User-Friendly Web Applications featuring Adam from Minafi – Episode 15 https://www.themastermindwithin.com/designing-interactive-user-friendly-web-applications/ Tue, 08 May 2018 12:00:07 +0000 https://www.themastermindwithin.com/?p=4539 <img data-pin-url="https://www.themastermindwithin.com/designing-interactive-user-friendly-web-applications/" width="300" height="200" src="https://i0.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/03/slava-keyzman-388932-unsplash.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="freelance toolkit course review" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>One of my passions is web development. In the past year, I’ve dedicated a great deal of time learning how HTML, CSS, and Javascript work together on the front-end, and now am figuring out how these different technologies work on ... </p> <div><a href="https://www.themastermindwithin.com/designing-interactive-user-friendly-web-applications/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/designing-interactive-user-friendly-web-applications/">Designing Interactive and User-Friendly Web Applications featuring Adam from Minafi – Episode 15</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> One of my passions is web development. In the past year, I’ve dedicated a great deal of time learning how HTML, CSS, and Javascript work together on the front-end, and now am figuring out how these different technologies work on ... Read More In the past year, I’ve dedicated a great deal of time learning how HTML, CSS, and Javascript work together on the front-end, and now am figuring out how these different technologies work on the back-end.
I’m absolutely loving it, and in this episode, I will be sharing this passion with you. I hope to shed some light on web development and provide you some details on how to get started in web development, or give you some ideas for some new projects if you already are a developer.
Web development is a widely sought after skill, and many people would love to do it, but with so many different technologies and ways to go, they are lost in a sea of information.
Designing Interactive and User-Friendly Web Applications featuring Adam from Minafi – Episode 15
My guest today is my friend and fellow blogger, Adam. Adam is product manager, web developer, and someone who loves combining his technical skills with personal finance and financial freedom.
I’m very excited to chat about Adam’s experience as a web developer, how being in a technical role has set him up for financial independence in his 30s, talk about how to go about building a scale-able and dynamic web application, and dive into some of his ideas for future projects.
You can check out Adam’s site here: Minafi
With all episodes, I want to have a few takeaways for you to apply in your life. Here are two from this episode:

* Start with the basics 

* If you are interested in web design, start with the basics of HTML, and then work your way through CSS, and finally, Javascript


* Work on side projects and figure out your technology tool box

* There are so many different technologies out there. Experimentation is key to life, and also is quite important in web development and programming!



I hope you enjoy this episode!
If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
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How to Create a $1,000 a Month Side Hustle with Maggie from Northern Expenditure – Episode 14 https://www.themastermindwithin.com/how-to-create-a-1000-a-month-side-hustle/ Tue, 01 May 2018 12:00:12 +0000 https://www.themastermindwithin.com/?p=4457 <img data-pin-url="https://www.themastermindwithin.com/how-to-create-a-1000-a-month-side-hustle/" width="300" height="199" src="https://i0.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/04/robert-baker-534726-unsplash.jpg?fit=300%2C199&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="how to create a $1,000 side hustle" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>In this week’s episode, I want to talk about side hustles. What is a side hustle? A side hustle is the act of doing something on the side of your day job with the intention to make a little bit ... </p> <div><a href="https://www.themastermindwithin.com/how-to-create-a-1000-a-month-side-hustle/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/how-to-create-a-1000-a-month-side-hustle/">How to Create a $1,000 a Month Side Hustle with Maggie from Northern Expenditure – Episode 14</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> In this week’s episode, I want to talk about side hustles. What is a side hustle? A side hustle is the act of doing something on the side of your day job with the intention to make a little bit ... Read More What is a side hustle?
A side hustle is the act of doing something on the side of your day job with the intention to make a little bit more money to get ahead in life financially.
I have a few side hustles – this podcast, my blog, business, and some statistical consulting I do.
Last year, I tried print on demand, and while it was relatively passive once I got the shirt designs up onto the print on demand platform, I didn’t really like it.
That being said, there are plenty of people who are making very good money doing print on demand, and I wanted to chat with someone who is doing just that.
How to Create a $1,000 a Month Side Hustle with Maggie from Northern Expenditure – Episode 14
My guest today is Maggie, an Amazon Merch member who has a print on demand business with her husband doing $3,000+ in revenue each month. In this episode, I talk to her about her journey to financial independence, why she is passionate about building wealth, and ask her some questions about Amazon Merch. I was really excited to get her take on how to create a $1,000 a month side hustle and her recommendations for us on side hustling in general.
You can check out Maggie’s blog here: Northern Expenditure
With all episodes, I want to have a few takeaways for you to apply in your life. Here are two from this episode:

* Look to avoid comparing yourself to other people doing similar things

* You can’t trust what people put online


* Try different things to see what you like and what fits your personality

* Life is about experiencing different things. By exploring different side hustles, you may be able to find something you can use to turn your passion into profits 🙂



I hope you enjoy this episode!
If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
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Becoming Financially Literate and Succeeding with Money featuring Jake Sensiba – Episode 13 https://www.themastermindwithin.com/becoming-financially-literate-succeeding-with-money/ Tue, 24 Apr 2018 12:00:13 +0000 https://www.themastermindwithin.com/?p=4364 <img data-pin-url="https://www.themastermindwithin.com/becoming-financially-literate-succeeding-with-money/" width="300" height="200" src="https://i2.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/04/kent-pilcher-461879-unsplash.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="becoming financially literate" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Personal finance is not about what your friends are doing with their money. It’s not about what your siblings are doing with their money. It’s not what I or some other blogger is doing with their money. Becoming financially literate ... </p> <div><a href="https://www.themastermindwithin.com/becoming-financially-literate-succeeding-with-money/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/becoming-financially-literate-succeeding-with-money/">Becoming Financially Literate and Succeeding with Money featuring Jake Sensiba – Episode 13</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> Personal finance is not about what your friends are doing with their money. It’s not about what your siblings are doing with their money. It’s not what I or some other blogger is doing with their money. Becoming financially literate ... Read More Here are some shocking statistics on personal finance:

* 59% of Americans could not cover an unexpected $500 bill.
* 69% of Americans have less than $1,000 in their savings account.
* The national savings rate at the end of February was 3.4%.
* The average American has around $250,000 in various debts.
* The government is $21 trillion (21,000,000,000,000) in debt.

Let’s change these.
Becoming Financially Literate and Succeeding with Money featuring Jake Sensiba – Episode 13
Jake is a financial consultant and passionate about personal finance and helping others crush their money goals.  I’m very excited to chat with him about steps to take to better our financial situation, what financial consulting looks like, and investing.
You can reach Jake at his website, Financial Health and Wealth.
With all episodes, I like to summarize and provide you with some takeaways for your life:

* With your investments, make sure to watch out for those pesky fees!

* Jake talks about Vanguard funds as a low cost solution to avoiding fees
* The average actively managed fund has fees of 1% – over 20-30 years, this could subtract thousands from your wealth!


* What gets measured, gets manged

* Budgeting is key to financial success
* Tracking your income and expenses is such an easy thing to do, yet so many people don’t do it.
* Start tracking, make a plan for yourself, and then stick to it for success with money



Hope you enjoy this episode!
If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
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What Makes You Happiest and Prioritizing Your Life with Kyle Nelson – Episode 12 https://www.themastermindwithin.com/what-makes-you-happiest-prioritizing-your-life/ Tue, 17 Apr 2018 12:00:36 +0000 https://www.themastermindwithin.com/?p=4304 <img data-pin-url="https://www.themastermindwithin.com/what-makes-you-happiest-prioritizing-your-life/" width="300" height="200" src="https://i0.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/04/luca-upper-97759-unsplash.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="what makes you happiest" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>What makes you happiest? I’ve been thinking a lot about intentional living lately. The past 2 years, I’ve looked to maximize the time I’ve spent on things which bring me happiness, and minimize the time I spend on things which ... </p> <div><a href="https://www.themastermindwithin.com/what-makes-you-happiest-prioritizing-your-life/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/what-makes-you-happiest-prioritizing-your-life/">What Makes You Happiest and Prioritizing Your Life with Kyle Nelson – Episode 12</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> What makes you happiest? I’ve been thinking a lot about intentional living lately. The past 2 years, I’ve looked to maximize the time I’ve spent on things which bring me happiness, and minimize the time I spend on things which ... Read More I’ve been thinking a lot about intentional living lately.
The past 2 years, I’ve looked to maximize the time I’ve spent on things which bring me happiness, and minimize the time I spend on things which don’t bring me happiness.
I’ve had to learn when to say yes, and when to say no to others.
What Makes You Happiest and Prioritizing Your Life with Kyle Nelson – Episode 12
My guest today is Kyle Nelson. Kyle is an executive and career coach dedicated to the coaching and consulting of corporate professionals, MBAs and PhD’s studying and looking for jobs, and high ranking executives looking to bring their companies to the next level. Kyle has coached C-suite executives of Fortune 100 and global level companies, middle level management, and entry level employees.
I’m excited to chat with him today about what tips and strategies he employs in his coaching and consulting, what are some common struggles for high achieving individuals, and how he goes about assessing an individual to help them achieve their goals.
You can reach Kyle at his website is Cubefulness.
With all episodes, I like to summarize and provide you with some takeaways for your life:

* Ask yourself the following questions:

* Are you taking steps leading to your goals or away from your goals?
* What makes you happiest?
* How are you prioritizing your time?



Hope you enjoy this episode!
If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
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You Can Do Anything You Want in Life – Episode 11 https://www.themastermindwithin.com/you-can-do-anything-you-want/ Tue, 10 Apr 2018 12:00:23 +0000 https://www.themastermindwithin.com/?p=4111 <img data-pin-url="https://www.themastermindwithin.com/you-can-do-anything-you-want/" width="300" height="200" src="https://i0.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/03/jeremy-bishop-267960-unsplash.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="You can do anything you want" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>My entrepreneurial itch needed scratching. So naturally, I did something crazy and probably a little bit irresponsible given all of my other side hustles and responsibilities! I started a podcast, and now, it’s been 2 months since The Mastermind Within ... </p> <div><a href="https://www.themastermindwithin.com/you-can-do-anything-you-want/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/you-can-do-anything-you-want/">You Can Do Anything You Want in Life – Episode 11</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> My entrepreneurial itch needed scratching. So naturally, I did something crazy and probably a little bit irresponsible given all of my other side hustles and responsibilities! I started a podcast, and now, it’s been 2 months since The Mastermind Within... So naturally, I did something crazy and probably a little bit irresponsible given all of my other side hustles and responsibilities!
I started a podcast, and now, it’s been 2 months since The Mastermind Within podcast started.
I’ve been loving this whole podcasting thing. Many podcasts look to highly awesome people doing awesome things. Most of those podcasts just stop at the what though – and don’t dig into the how and why. On The Mastermind Within podcast, I’m looking to really dig into the strategies and tactics which are being applied by these impressive individuals.
You Can Do Anything You Want in Life- Episode 11
In this episode, I talk about why you can do anything  you want in life with an abundance mindset.
I’m a math major who got B’s and C’s in his language arts and English courses in high school. I never was good at public speaking or writing.
There’s no reason I should have a successful blog or podcast.
But here’s the thing: NONE OF THAT MATTERS. 
Just because you are struggling in some area of your life, it doesn’t matter. Things get better over time with effort and consistency. You can do anything you want in life – no one is stopping you.
Hope you enjoy this episode!
If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
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Financial Independence in a High Cost of Living Area featuring Cash-Fasting – Episode 10 https://www.themastermindwithin.com/financial-independence-in-a-high-cost-of-living-area/ Tue, 03 Apr 2018 12:00:21 +0000 https://www.themastermindwithin.com/?p=4203 <img data-pin-url="https://www.themastermindwithin.com/financial-independence-in-a-high-cost-of-living-area/" width="300" height="200" src="https://i0.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/03/pedro-lastra-152876-unsplash.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="Financial Independence in a High Cost of Living Area" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Back again with another episode on financial freedom and financial independence! Getting your financial house in order is incredibly freeing and rewarding. First, figure out your monthly income and expenses. Next, figure out what your goals are for the future ... </p> <div><a href="https://www.themastermindwithin.com/financial-independence-in-a-high-cost-of-living-area/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/financial-independence-in-a-high-cost-of-living-area/">Financial Independence in a High Cost of Living Area featuring Cash-Fasting – Episode 10</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> Back again with another episode on financial freedom and financial independence! Getting your financial house in order is incredibly freeing and rewarding. First, figure out your monthly income and expenses. Next, Getting your financial house in order is incredibly freeing and rewarding. First, figure out your monthly income and expenses.
Next, figure out what your goals are for the future and assess where you are in relation to these goals. Make a plan and stick to it!
I’m looking to be financially free in the next 5 to 10 years. While it’s been slow starting out, I now have a net worth close to $200,000 and I’m improving my financial situation each and every week.
First, I paid off my student loans and debt. After that I started to contribute more to my retirement accounts, and now, I’m looking at taxable investments and businesses. We will see where I’m going to end up in the next few years!
Luckily for me, I live in a relatively lower cost of living area: the Midwest. I don’t know too much about high cost of living areas, so I wanted to chat with a financially motivated friend of mine living in New York to get her perspective on pursuing financial independence in a high cost of living area.
Financial Independence in a High Cost of Living Area featuring Cash-Fasting – Episode 10
My guest today is my friend and fellow blogger, Jane. Jane is a 26 year old living in NYC working in Media Analytics, who just crushed $35,000 in debt in 3 years, runs a successful blog at Cash Fasting and is working to be financially independent by the time she is 35. I’m excited to chat with her about how and why she crushed her debt, get her tips and tricks to living in a high cost of living area, and talk about her future financial goals.
You can check out Jane’s site at Cash Fasting.
With all episodes, I want to leave you with some takeaways for you to improve your life. For this episode, I have a few takeaways:

* Automate your finances!

* Let the computers do the saving for you.
* Set up an automatic transfers from your bank account to your investment or debt accounts so you don’t have to manually do the work yourself.


* Realize personal finance is personal.

* If bottomless brunch is your thing, then don’t worry about spending money on it! Just make sure to be saving and hitting your other financial goals to stay on track.



If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
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Side Hustling and Dividends to Financial Independence with Tawcan – Episode 9 https://www.themastermindwithin.com/side-hustling-and-dividends-to-financial-independence-with-tawcan-episode-9/ Tue, 27 Mar 2018 12:00:42 +0000 https://www.themastermindwithin.com/?p=4200 <img data-pin-url="https://www.themastermindwithin.com/side-hustling-and-dividends-to-financial-independence-with-tawcan-episode-9/" width="300" height="200" src="https://i2.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/03/jean-pierre-brungs-42682-unsplash.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="Side Hustling and Dividends to Financial Independence" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>One of my goals in the next 5 to 10 years is financial independence. To get to financial independence, I’m doing different side hustles (consulting, blogging, podcast, and a subscription kit) to increase my income and help me save more ... </p> <div><a href="https://www.themastermindwithin.com/side-hustling-and-dividends-to-financial-independence-with-tawcan-episode-9/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/side-hustling-and-dividends-to-financial-independence-with-tawcan-episode-9/">Side Hustling and Dividends to Financial Independence with Tawcan – Episode 9</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> One of my goals in the next 5 to 10 years is financial independence. To get to financial independence, I’m doing different side hustles (consulting, blogging, podcast, and a subscription kit) to increase my income and help me save more ... Read More To get to financial independence, I’m doing different side hustles (consulting, blogging, podcast, and a subscription kit) to increase my income and help me save more money each and every month.
Many people have a side hustle these days, and it’s a good way to earn a little bit of extra money.
I love the concept of side hustling, and that’s the topic of today’s episode.
Side Hustling and Dividends to Financial Independence with Tawcan – Episode 9
My guest today is Bob, a high tech product manager, blogger, and someone with three side businesses who is pursuing financial independence. He has been pursuing financial independence for the last 6 years, and in that time, he has built up a dividend portfolio which pays him over $1,200 a month ($15k in 2017 in all passive!), and is continuing to hustle until the day he decides to leave his day job.
I’m excited to talk to him about how he has managed his career, talk to him about his entrepreneurial endeavors, why he is focusing on dividend paying stocks, financial independence, personal growth, and his plans when he finally reaches financial independence.
You can check out Bob at his site: Tawcan.
With all episodes, I want to leave you with some takeaways for you to improve your life. For this episode, I have a few takeaways:

* Live below your means

* Spend less than you make!


*  Figure out which investment vehicle is the best for your savings

* Do you want to actively invest or passively invest?


* What gets measured, gets managed

* Tracking your income and expense over time is so critical to personal finance success!



If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
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How to Sell a Website for $500,000 with Vital Dollar – Episode 8 https://www.themastermindwithin.com/how-to-sell-a-website-for-500000/ Tue, 20 Mar 2018 12:00:31 +0000 https://www.themastermindwithin.com/?p=4110 <img data-pin-url="https://www.themastermindwithin.com/how-to-sell-a-website-for-500000/" width="300" height="200" src="https://i0.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/03/slava-keyzman-388932-unsplash.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="freelance toolkit course review" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>I’m incredibly bullish on digital real estate and looking to build, create, and sell websites. While I love the physical real estate, ended up being very successful the last 3 years house hacking, and fantasize about the idea of someday owning ... </p> <div><a href="https://www.themastermindwithin.com/how-to-sell-a-website-for-500000/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/how-to-sell-a-website-for-500000/">How to Sell a Website for $500,000 with Vital Dollar – Episode 8</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> I’m incredibly bullish on digital real estate and looking to build, create, and sell websites. While I love the physical real estate, ended up being very successful the last 3 years house hacking, and fantasize about the idea of someday owning ... While I love the physical real estate, ended up being very successful the last 3 years house hacking, and fantasize about the idea of someday owning a commercial building, there is something about creating and owning online assets which makes me super excited.
It’s never been easier to learn new technologies, create content, and publish your ideas and build a brand.
How to Sell a Website for $500,000 with Vital Dollar – Episode 8
My guest today is my friend and fellow blogger, Marc. Marc has been self-employed since 2008 and during this time he has been very successful online through building, running and selling websites and businesses. During the last ten years, he has been very successful, with some of his big wins coming from selling a blog for $500,000, a digital product website for another $500,000, and an Amazon business for over $200,000.
On today’s show, I’m excited to chat with Marc about the process of building digital real estate – from the idea, to the branding and creation, to monetization, and finally, the sale, how he goes about this work, learn how to sell a website, and look to gain insight on the world of internet marketing.
Check out Marc at his site, Vital Dollar.
With all episodes, I want to leave you with some takeaways for you to improve your life. For this episode, I have a few takeaways:

* Consistency is key

* Marc spent 5 years full time on his blog he sold for $500,000. Things don’t magically happen over night – it takes a long term view to accomplish big things.


* There are many things to think about when preparing to sell a website:

* Be realistic to prospective sellers – look at a website like Empire Flippers to get a feel for how much your site is worth
* Outsource work to virtual assistants
* Depersonalize your site if you want to sell – since you are going to be working on it anymore, you don’t want the buyer to think YOU are the one reason why the site is successful.



If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
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How I Met My Girlfriend Blogging featuring Fiery Millennials – Episode 7 https://www.themastermindwithin.com/how-i-met-my-girlfriend-blogging/ Tue, 13 Mar 2018 12:00:09 +0000 https://www.themastermindwithin.com/?p=4074 <img data-pin-url="https://www.themastermindwithin.com/how-i-met-my-girlfriend-blogging/" width="300" height="200" src="https://i2.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/03/evan-kirby-101570-unsplash.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="how I met my girlfriend blogging" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>I met my girlfriend through this blog. There I said it. I wrote an incredibly silly blog post about wanting a wife to reduce taxes, and she commented on it: Creativity is a funny thing. I spent less than an hour ... </p> <div><a href="https://www.themastermindwithin.com/how-i-met-my-girlfriend-blogging/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/how-i-met-my-girlfriend-blogging/">How I Met My Girlfriend Blogging featuring Fiery Millennials – Episode 7</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> I met my girlfriend through this blog. There I said it. I wrote an incredibly silly blog post about wanting a wife to reduce taxes, and she commented on it: Creativity is a funny thing. I spent less than an hour ... Read More There I said it.
I wrote an incredibly silly blog post about wanting a wife to reduce taxes, and she commented on it:

Creativity is a funny thing.
I spent less than an hour writing that post, and yet it is my most viewed post with over 60 comments and thousands of page views.
Living with an abundance mindset and being open to new opportunities and possibilities lead me to blogging. After I started blogging, putting myself out there and taking risks lead me to meeting some fantastic people. In particular, now I can say and share with you that I met my girlfriend blogging.
How I Met My Girlfriend Blogging featuring Fiery Millennials – Episode 7
My guest today is someone who is very special to me, my girlfriend Gwen. She has a blog called Fiery Millennials, has been featured on MarketWatch and US News, owns a rental property, and also has an amazing podcast called The Fire Drill Podcast.
I’m excited to talk to her and share with you how we met, why it’s so important to being open to finding someone who aligns with your goals, purpose, and dreams, and what tips and strategies you can apply in your life for success in your relationships.
Check out Gwen at Fiery Millennials and her podcast at FIRE Drill Podcast.
With all episodes, I want to leave you with some takeaways for you to improve your life. For this episode, I have a few takeaways:

* Be open to new possibilities and opportunities

* Unless you put yourself out there into the world, you will never know what will come back to you! 😉


* Start early and be consistent

* Gwen is 27 with over $125,000 in her 401(k) and is now in a spot to leave her job.


* If you are single, don’t give up

* There are so many amazing people in the world – just start meeting people, you never know the result if you don’t try!



If you are an iTunes or Stitcher person, The Mastermind Within Podcast is on those channels as well!
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Mustard Seed Money Paid Off his $400,000 Mortgage in 7 Years, Could You? – Episode 6 https://www.themastermindwithin.com/pay-off-400000-in-debt-in-7-years/ Tue, 06 Mar 2018 13:00:57 +0000 https://www.themastermindwithin.com/?p=4008 <img data-pin-url="https://www.themastermindwithin.com/pay-off-400000-in-debt-in-7-years/" width="300" height="200" src="https://i1.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/02/terrah-holly-16329-unsplash.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="building wealth through real estate" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>The word mortgage is derived from a “Law French” term used by English lawyers in the Middle Ages meaning “death pledge“, and refers to the pledge ending when either the obligation is fulfilled or the property is taken through foreclosure. ... </p> <div><a href="https://www.themastermindwithin.com/pay-off-400000-in-debt-in-7-years/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/pay-off-400000-in-debt-in-7-years/">Mustard Seed Money Paid Off his $400,000 Mortgage in 7 Years, Could You? – Episode 6</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> The word mortgage is derived from a “Law French” term used by English lawyers in the Middle Ages meaning “death pledge“, and refers to the pledge ending when either the obligation is fulfilled or the property is taken through foreclosure. ... Read More Literally, mortgage = death pledge.
“A man in debt is so far a slave.” – Ralph Waldo Emerson
Debt is horrible: it is mentally draining, financially draining, and affects your entire life if you are weighed down by the large barbell of debt.
The main benefit to paying down debt is increased cash flow. No more giving your hard earned cash to those pesky lenders!
If you choose to pay down debt, you will want to put extra cash towards your debt each month. This will increase the speed at which you pay down your debt. By sacrificing short term and putting extra cash towards your debt, you can eliminate those debts in a much shorter time frame. In addition, by paying off your debt faster, you will save money on interest!
Let’s have an example together.
Let’s say you have a $20,000 loan with a 6% interest rate and a 10 year term. Using an online calculator, your monthly payment will be $222.04. Over 10 years (120 months), this will cost you $6,867.01 in interest. If you pay $100 extra a month, you can cut the time you are paying off your debt to 6.25 years (75 months) and you will pay $4,008.09 in interest. By paying an extra $100 a month, you will save yourself $2,858.92 and will be debt-free 3.75 years ahead of schedule!
As shown above, by paying extra each month, you can save money and reduce the amount of time you are paying off your debt. In addition, once the debt is gone you effectively give yourself a raise; you have more money falling to the bottom line each month for you to save, invest, donate, spend, etc.
Mustard Seed Money Paid Off his $400,000 Mortgage in 7 Years, Could You? – Episode 6
My guest today is my friend and fellow blogger, Rob. Rob is a successful accountant who paid off his $400,000 mortgage in 7 years, saves nearly 70% of his income each year, runs a blog which receives over 100,000 page views a month, and is active in his community teaching individuals and couples about how to reach financial independence.
I’m very excited to share with you today’s episode where we chat about how and why he paid off his mortgage in 7 years, how being debt free is incredibly freeing, what saving 70% of your income each month looks like, and talk about his involvement in the community and how everyday people like you and me can improve our financial literacy.
With all episodes, I want to leave you with some takeaways for you to improve your life. For this episode, I have a few takeaways:

* Being debt free is a freeing feeling. The word mortgage literally means death pledge (in Latin). Work on becoming debt free, and I won’t be surprised if you become much happier.
* Look for deals at the store to reduce your expenses. Buy in bulk, and cut coupons. Some of this is pretty obvious, but many people don’t do it!
* Personal finance is just that, it’s personal – it’s starts with you and your goals. How are you spending your money? Is it on things that improve your life or not?

Check it out here, or on iTunes or Stitcher!
For more information on Mustard Seed Money and Rob’s story, check out his site here: Mustard Seed Money.
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How to Drive Massive Traffic on Pinterest with Millennial Boss – Episode 5 https://www.themastermindwithin.com/drive-massive-traffic-pinterest-millennial-boss/ Tue, 27 Feb 2018 13:00:24 +0000 https://www.themastermindwithin.com/?p=3992 <img data-pin-url="https://www.themastermindwithin.com/drive-massive-traffic-pinterest-millennial-boss/" width="300" height="232" src="https://i1.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/02/flexibility.jpg?fit=300%2C232&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="ace business plan" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Pinterest is one of the biggest social media platforms and one of the best places to advertise your business online. Wait, what? Pinterest is an advertising platform As someone who is 1. a male and 2. not a graphic designer, ... </p> <div><a href="https://www.themastermindwithin.com/drive-massive-traffic-pinterest-millennial-boss/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/drive-massive-traffic-pinterest-millennial-boss/">How to Drive Massive Traffic on Pinterest with Millennial Boss – Episode 5</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> Pinterest is one of the biggest social media platforms and one of the best places to advertise your business online. Wait, what? Pinterest is an advertising platform As someone who is 1. a male and 2. not a graphic designer, ... Read More Wait, what? Pinterest is an advertising platform
As someone who is 1. a male and 2. not a graphic designer, when I went to Pinterest the first time, I was so confused. There is so much to learn and understand about the platform – but I know I need to be on there since it is so massive.
With The Mastermind Within podcast, I’m looking to feature some awesome people doing awesome things, but also, look to dive in to the HOW and WHY people are doing what they are doing.
In this episode, episode #5, I want to dig into a topic which is more targeted towards marketing and how to grow your businesses traffic through the Pinterest platform. I’ve been messing around on Pinterest for about 3 months now, and I still don’t really know what I’m doing.
Since I don’t know what I’m doing, I asked a Pinterest expert to come on the show.
How to Drive Massive Traffic on Pinterest with Millennial Boss – Episode 5
My guest today is J, a blogger, podcast host, marketer and real estate investor who is constantly looking for ways to make more money online. Her blog, Millennial Boss, receives nearly 50,000 page views a month, makes over $20,000 a year, and she successfully launched the FIRE Drill podcast in 2017 and gained over 100,000 downloads in the first 4 months.
I invited her on today though to talk about her tips and strategies to send thousands of viewers a day to her blog, what technologies she is using, and how she got to over 6000 followers. Most importantly, she is going to share with us how to drive massive traffic on Pinterest to your blog and website.
Some takeaways:

* First, your pins are the most important piece of the puzzle.

* Your pins represent your brand – if your pins are not visually captivating and do not inspire the user to click on your pin, then you will not be successful on Pinterest.


* Seasonal content is key to Pinterest success.

* Pinterest is a visual search engine and if you have great performing pins, Pinterest will continue to show your pins.
* One way to make sure you have great performing pins is to pin seasonal content in addition to your typical content.


* Freebies do very well on Pinterest

* Include some text on your pins saying “Free guide!” and link to your landing page with your freebie offer to capture leads.


* Analytics

* Research what is working, and what isn’t working. Make sure you are pinning and re-pinning what is working – and don’t be afraid to delete pins which aren’t working!



Check out the episode below, or on Stitcher or iTunes. Enjoy!
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Selling Your Way to Wealth in all Areas of Life featuring Wealth Well Done – Episode 4 https://www.themastermindwithin.com/selling-way-wealth-areas-life-featuring-wealth-well-done-episode-4/ Tue, 20 Feb 2018 13:00:25 +0000 https://www.themastermindwithin.com/?p=3724 <img data-pin-url="https://www.themastermindwithin.com/selling-way-wealth-areas-life-featuring-wealth-well-done-episode-4/" width="300" height="200" src="https://i2.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/02/chuttersnap-330196.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="selling" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>This week, I want to talk about the something incredibly important in business and entrepreneurship: sales. More importantly though, the thought process behind successful selling and connecting your amazing product and brand with a potential customer. First though, with sales, ... </p> <div><a href="https://www.themastermindwithin.com/selling-way-wealth-areas-life-featuring-wealth-well-done-episode-4/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/selling-way-wealth-areas-life-featuring-wealth-well-done-episode-4/">Selling Your Way to Wealth in all Areas of Life featuring Wealth Well Done – Episode 4</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> This week, I want to talk about the something incredibly important in business and entrepreneurship: sales. More importantly though, the thought process behind successful selling and connecting your amazing product and brand with a potential customer. More importantly though, the thought process behind successful selling and connecting your amazing product and brand with a potential customer.
First though, with sales, it’s important to remember who the buyers are: they are humans and humans like when other people are nice, likeable and trustworthy.
I liken sales to going to the bar and meeting other people (or women in my case). In college, I was a social mess – I would go to the bar, try some cheesy pick up lines, and fall flat on my face (figuratively). I got a lot of no’s, but it was okay. I was experiencing failure, and to succeed, it’s crucial to fail.
As I kept working on myself on the side, I noticed that I started to become better over time at interacting with other people. I was more confident. I was able to walk into a room, smile, and welcome people into my life easier than before.
Being open to welcoming other people into your life is the essence of sales. Being able to open up, and allow another person to enter your life so that you can identify their problems and provide them with the service and products they need is what successful sales people do.
First, it’s getting into the right mindset: sales is about HELPING PEOPLE. Selling is not about making a quick buck – it’s about creating a lasting relationship.
Selling Your Way to Wealth in all Areas of Life featuring Wealth Well Done – Episode 4
While I’m getting better at sales, I still have a lot to learn. I know a few great sales people, one of them who has a business which grosses $300,000+ in annual revenue.
My guest today is Bill, a writer, salesman and real estate investor who loves giving his time and efforts to inspire others in their pursuit of success. He was recently featured on CNBC and has a successful blog at Wealth Well Done. I’m very excited to have him on to talk about his writing and talk sales and real estate.
I felt inspired walking away from listening to Bill speak. There were a number of great takeaways:

* Extraordinary comes from ordinary people doing ordinary things.
* Selling is about building relationships with clients and finding a result which is win/win for both parties.
* Networking and meeting people will result in improved relationships and connections (funny, I remember episode 2 talking about networking for success!)

Check out the episode below, or on Stitcher or iTunes. Enjoy!
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Practicing Simple Daily Disciplines to the C-Suite with Gen Y Finance Guy – Episode 3 https://www.themastermindwithin.com/practicing-simple-daily-disciplines-c-suite-gen-y-finance-guy-episode-3/ Tue, 13 Feb 2018 13:00:53 +0000 https://www.themastermindwithin.com/?p=3707 <img data-pin-url="https://www.themastermindwithin.com/practicing-simple-daily-disciplines-c-suite-gen-y-finance-guy-episode-3/" width="300" height="200" src="https://i0.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/02/rawpixel-com-3780061.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="simple daily disciplines to the c-suite" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Turn simple disciplines into massive success and happiness. “Try not to become a person of success, but rather try to become a person of value.” ~ Albert Einstein You have complete control over the direction that the rest of your ... </p> <div><a href="https://www.themastermindwithin.com/practicing-simple-daily-disciplines-c-suite-gen-y-finance-guy-episode-3/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/practicing-simple-daily-disciplines-c-suite-gen-y-finance-guy-episode-3/">Practicing Simple Daily Disciplines to the C-Suite with Gen Y Finance Guy – Episode 3</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> Turn simple disciplines into massive success and happiness. “Try not to become a person of success, but rather try to become a person of value.” ~ Albert Einstein You have complete control over the direction that the rest of your ... Read More “Try not to become a person of success, but rather try to become a person of value.” ~ Albert Einstein
You have complete control over the direction that the rest of your life takes.
Humans are creatures of habit. Every day, we make simple decisions: what to eat, should we exercise, should I call my parents, should I read my book, etc. Are the decisions you are making helping your life? Or are they detrimental to your life? Are they bringing you closer to your goals? Or are you still a long time away from achieving those goals?
I’m going to share with you a simple formula for success , and my life philosophy.
Back last February, I read the book, The Slight Edge.
Essentially, the slight edge is your philosophy of life. The slight edge is your driving force; your philosophy creates your attitudes, which creates your actions, which creates your results, which create your life. You should live your philosophy each day. By performing tasks which will are located on the path to your goals, you can achieve anything.

In the past year, I’ve achieved wild success. I earned $107,000 in 2017, I’m growing my blog, my actions are aligned with my values and purpose, and I’ve never been happier.
The Slight Edge principles are so simple, and yet so difficult. Consistency is key!
Practicing Simple Daily Disciplines to the C-Suite with Gen Y Finance Guy – Episode 3
I’ve been successful applying The Slight Edge principles, but I’m just one person. That’s why I’ve invited the person who suggested the book to me on to the show – to share his experience applying the same principles.
My guest, Dom, is a highly motivated individual who has chosen to be the VICTOR, not the victim. He has climbed the corporate ladder and became a C-suite executive by the age of 30 by applying the Slight Edge principles, has a successful blog at Gen Y Finance Guy and is shooting for a $10 million net worth!
I really enjoyed having Dom on the show. There were so many great takeaways from this conversation:

* Providing immense value will lead to increased compensation. Also, it’s important to ask for more money!
* Make your world so big that everyone and anyone in your life can have whatever they desire.
* Look and be open to opportunities where we can take calculated risks and execute for the reward.
* It doesn’t matter where you start – it matters where you end. Each and every day, we have an opportunity to become better.

You won’t want to miss this episode. Have a listen here or on your favorite podcast platform.
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Networking and Podcasting on the Commute to Success featuring Ben Peters – Episode 2 https://www.themastermindwithin.com/commuting-success-networking-podcasting-ben-peters-episode-2/ Tue, 06 Feb 2018 13:00:50 +0000 https://www.themastermindwithin.com/?p=3579 <img data-pin-url="https://www.themastermindwithin.com/commuting-success-networking-podcasting-ben-peters-episode-2/" width="300" height="200" src="https://i0.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/02/gritte-346468.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="the mastermind within podcast" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>How Do You Start a Podcast and What Does it Take to be a Podcaster? I still can’t believe I started a podcast. I’m still learning lots, but I’m now on iTunes and Stitcher! I’d appreciate if you left me ... </p> <div><a href="https://www.themastermindwithin.com/commuting-success-networking-podcasting-ben-peters-episode-2/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/commuting-success-networking-podcasting-ben-peters-episode-2/">Networking and Podcasting on the Commute to Success featuring Ben Peters – Episode 2</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> How Do You Start a Podcast and What Does it Take to be a Podcaster? I still can’t believe I started a podcast. I’m still learning lots, but I’m now on iTunes and Stitcher! I’d appreciate if you left me ... Read More How Do You Start a Podcast and What Does it Take to be a Podcaster?
I still can’t believe I started a podcast.
I’m still learning lots, but I’m now on iTunes and Stitcher! I’d appreciate if you left me a review as this is how I’ll rise up in the ranks and get more views! 🙂 In the first few days, I’ve gotten 30 downloads, and I’m excited to keep this rolling! I’ve interviewed 6 successful individuals in the past few days to complement my message and story.
In this podcast, I’m going to be talking more about podcasting and what my plans are with The Mastermind Within podcast. Also, I have my first guest on the show!
Networking and Podcasting on the Commute to Success featuring Ben Peters – Episode 2 of The Mastermind Within Podcast
With podcasting, there is so much to learn. That’s why I’ve asked one of my good friends to come on the show to chat about his podcast and other entrepreneurial endeavors.
Ben Peters is a hustler by nature – he is a Ivy League college admissions expert with over 4 million views on Quora, runs a successful podcast and consulting business called the Millennial Commute, and is a law student here in Minnesota. He is constantly looking for new ways to help people and build things. I’m excited to talk to him today about tips and strategies to start and grow a podcast, why he hustles so hard, and what advice he has for individuals who want to be an entrepreneur.
Some of my key takeaways from this conversation:

* Do your difficult work when you have the most energy! Swallow the ugly frog first!
* Success originates from the relationships you form in the world. Surrounding yourself with amazing people is critical for getting to where you want to go.
* Ideas are worthless, but some are worth pursuing under a certain set of criteria.

You won’t want to miss this episode. Have a listen here or on your favorite podcast platform.
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My Values and Purpose – Episode 1 of The Mastermind Within Podcast https://www.themastermindwithin.com/values-purpose-episode-1-mastermind-within-podcast/ Thu, 01 Feb 2018 04:26:36 +0000 https://www.themastermindwithin.com/?p=3501 <img data-pin-url="https://www.themastermindwithin.com/values-purpose-episode-1-mastermind-within-podcast/" width="300" height="200" src="https://i2.wp.com/www.themastermindwithin.com/wp-content/uploads/2018/02/katherine-mccormack-65111.jpg?fit=300%2C200&ssl=1" class="webfeedsFeaturedVisual wp-post-image" alt="my values and purpose" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" /><p>Welcome to The Mastermind Within Podcast! Are you a mastermind? Would you like to unlock your full inner potential? With your host, Erik, blogger, entrepreneur, investor, and consultant, you will learn various tips from his experience with personal finance, self-improvement ... </p> <div><a href="https://www.themastermindwithin.com/values-purpose-episode-1-mastermind-within-podcast/" class="more-link">Read More</a></div> <p>The post <a rel="nofollow" href="https://www.themastermindwithin.com/values-purpose-episode-1-mastermind-within-podcast/">My Values and Purpose – Episode 1 of The Mastermind Within Podcast</a> appeared first on <a rel="nofollow" href="https://www.themastermindwithin.com">The Mastermind Within</a>.</p> Welcome to The Mastermind Within Podcast! Are you a mastermind? Would you like to unlock your full inner potential? With your host, Erik, blogger, entrepreneur, investor, and consultant, you will learn various tips from his experience with personal fin... Welcome to The Mastermind Within Podcast!
Are you a mastermind? Would you like to unlock your full inner potential?
With your host, Erik, blogger, entrepreneur, investor, and consultant, you will learn various tips from his experience with personal finance, self-improvement and entrepreneurship. In addition, other highly successful and motivated individuals will be included on the show – and you’ll be introduced to many ideas to implement in your life.
I STARTED A PODCAST!!!
My entrepreneurial itch needed scratching.
So naturally, I did something crazy and probably a little bit irresponsible given all of my other side hustles and responsibilities!
Last night, I made a guest appearance on a friends podcast, and I really had fun. I had just bought a headset and was feeling really good about myself.
I can start a podcast, how hard could it be?
Make 1 episode a week, and feature awesome like-minded individuals on here? I think that is doable.
This podcast will feature stories, interviews, guest appearances, and how-to audio sessions.  I don’t want to lock myself in to one style, but want to experiment with a new content medium while also opening up another avenue to make connections.
My Values and Purpose – Episode 1 of The Mastermind Within Podcast
In my first episode, I wanted to dive in to my thoughts on why exactly I’ve been feeling the way I’ve been feeling.
I’m itching to go out on my own. I have a few side hustles, and a blog which is doing well, but I want it all the time and full time.
I wrote out a number of questions for myself to answer and comment on:

* What are your values and what is your purpose?
* What actions are you taking because of those values?
* Why do you want to scratch the entrepreneurial itch?
* What’s stopping you from scratching the entrepreneurial itch?
* What is your goal with The Mastermind Within Podcast?

I’m feeling better than ever right now. I’m super excited to get this podcast thing going!
Please let me know your thoughts and feedback, good or bad! Enjoy!
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