EP022: 10 Insanely Powerful Money Mindset Upgrades

danieldipiazza
Hosted by danieldipiazza
Podcast
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I adapted these 10 mindset upgrades by examining the “myths” I was taught about money as a kid and reversing them to find a powerful new truth.

Here are the myths we are going to deconstruct today:

  1. Money is hard to make and difficult to manage
  2. Bills can be paid late
  3. If you have the credit, spend it
  4. Saving money is done infrequently
  5. Investing is too complicated to even attempt
  6. There’s no need to study money or personal finance
  7. Taking on debt is to be expected
  8. Talking about money is rude
  9. You should definitely buy a house
  10. Working a job will guarantee your security

My hope is that through my shift in perspective, I can share some nuggets with you that will give you a tiny breakthrough in your money mindset.

Apps I mentioned:

  • Digit — the automatic saving app
  • Acorn — the automatic investing app

I also mentioned the following Vanguard ETFs:

  • Vanguard VOO — tracks the S&P500. 10 year average returns are 14.8%
  • Vanguard VOOG — top performing US tech stocks. 10 year average return is 17.1%

Workshops Coming In January 2022

Money Moves is 6 hours of in-depth training on making money, managing it and growing it, focused on entrepreneurs and professionals. Participate live on January 27, 2022 or stream the full workshop recorded after.

Details:

  • What: Practical Strategies To Make More, Grow Your Wealth and Cover Your Ass-ets

  • When: Thursday, January 27th 2022

  • Time: 10am PST – 4pm PST

  • Capacity: limited to 100 live attendees.

  • Location: ZOOM (link will be sent prior to start)

  • Note: All live sessions will be recorded for you to watch later. Live attendance is not mandatory.

  • Level: beginner to intermediate

  • Investment: Early Bird Tickets are $99.

We are all creators, but it’s easy to lose touch with that ability in our daily lives.

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IMPORTANT LINKS

Connect with Daniel DiPiazza:

TIME STAMPS

  • (00:00) Episode overview/The Money Moves Workshop

  • (06:14) Introduction to 10 lessons about money from Daniel’s personal experience

  • (08:13) Myth #1: Money is difficult to make, and hard to manage

  • (21:00) Myth #2: Bills can be paid late

  • (23:48) Myth #3 If you have the credit, spend it!

  • (27:16) Myth #4 Saving money is done infrequently

  • (30:43) Myth #5 Invest is too complicated to even attempt

  • (46:20) Myth #6 There’s no need to study money and finance

  • (47:20) Myth #7 Taking on debt is to be expected. Good debt vs bad debt

  • (51:55) Myth #8 Talking about money is taboo

  • (53:30) Myth #9 You should definitely buy a house

  • (56:51) Myth #10 Working a job will guarantee you security

  • (01:00:02) Summary of the 10 Money Mindset Upgrades

  • (01:02:42) Outro

DISCLAIMER: None of the contents of this show should be taken as financial or legal advice. The New Wave Entrepreneur is for educational and entertainment purposes only. Remember: always DYOR!

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