October 22, 2024 • 30 mins
In this solo episode of the Wildly Wealthy Life podcast, Kat dives deep into the six essential characteristics of a GROWTH mindset and how you can cultivate these traits in your life and in the lives of the children around you. From grit and reflection to optimism and adaptability, Kat shares real-life examples from successful entrepreneurs like Elon Musk and Sarah Blakely, as well as personal stories of perseverance. Whether you're a parent, teacher, or just someone on a journey of self-growth, this episode offers actionable insights to help you thrive.
Discussion Links:
1:08 Recap of "The Wildly Wealthy Life Ladder" from episode two.
3:09 G for Grit: Lessons in perseverance from Elon Musk and Kat’s personal stories.
8:31 R for Reflection: Learning from feedback and seeking growth like Ray Dalio’s radical transparency.
12:03 O for Optimism: How Sarah Blakely’s resilience led to success and reframing failure.
15:46 W for Willingness: Developing a love for learning, with examples from Richard Branson’s adaptability.
19:40 T for Team and teaching teamwork and leadership to children through collaboration and responsibility.
22:29 H for Habit: The habit of adaptability with examples from Reed Hastings and Kat’s personal pivot during the pandemic.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Kat (00:00):
In today's episode, we're going to talk about six
(00:02):
characteristics of a growth mindset.
I'm going to share examples fromsuccessful entrepreneurs and
leaders who have exemplified thesecharacteristics, as well as share
some of my personal experiences.
I'm also going to share ways thatwe can adapt this and share it
to the children in our lives.
So stay tuned.
Hey, my name is Kat.
(00:23):
And I'm Lee.
And welcome to the WildlyWealthy Life podcast.
In this show, we explore the journeyof what it means to live a truly
exceptional and fulfilling life.
Each episode focuses on how afoundation of brilliant minds and
brave hearts nurtured through thearts leads to lifelong success.
Get inspired with actionable tips tofoster a growth mindset, leadership values
(00:46):
and creativity in children and adults,turning their potential into lasting
contributions for their communities.
We hope that you embrace thechallenge to shift your perspective
as we equip you and the nextgeneration for a wildly wealthy life.
(01:08):
Welcome back.
In the last episode, I talked about theWildly Wealthy Life Ladder, and it is a
framework that I sort of developed justfrom reflection on my own experiences
with how I've approached life and whathas gotten me to where I am today.
And the first step in that ladder is toThe frame and just as a review, you can
(01:31):
watch episode two if you want, but asa review, the frame, that first step is
really where everything begins becauseyour frame, which is your framework, your
frame of mind is what affects everythingthat you do, how you approach life,
how you approach the world around you,uh, what you believe about yourself.
So this frame is so importantthat we get this right.
(01:53):
And in the last episode, I talkedabout how we can either have a fixed
mindset or a fixed frame or an openand a growth mindset or an open frame.
So today, I'm going to take thetime to talk about growth mindset.
And because I love acronyms, becauseit helps me remember things, I
thought about the word growth.
Right?
(02:14):
And first, we kind of haveto define what growth means.
And growth, if I look at the literalmeaning of growth, it is something that
is increasing, whether that's increasingin value, increasing in capacity,
increasing in size, increasing in number.
It is something that is growing.
And one of the ways we can tell if thereis good growth is to look at the fruit.
(02:37):
Right?
So yes, we can increaseour capacity in patience.
We can increase ourcapacity for leadership.
We can increase our capacity to love.
And while all of that is goodbecause it is an increase.
One of the ways that we canreally look at is the fruit.
Of the growth.
Is there a good fruit that's comingout of this growth or is it bad fruit?
(02:58):
And one of the ways that we can tell ifit's good growth, aside from of course the
increase in value and size and capacityor numbers, is really if there is good
fruit that is coming out of the growth.
So let's talk about G first and Gstands for grit and this is grit In
challenges, when I looked at the literalmeaning of grit, it talks about the
(03:22):
part of the stone that is adaptiveto grinding and the word grinding.
If we dig deeper, it doesn't feel likethere's anything good about it because it.
It feels painful, I think aboutgrinding of the teeth, gnashing of the
teeth, my husband he grinds his teethat night and he wakes up and his jaw
aches because of the effort that ittook to grind your teeth in the middle
(03:45):
of the night while you were sleeping.
So when I look at a person and I say,Oh my gosh, that person has so much
grit, it usually means that that personhas gone through something difficult.
And a good example here in the businessworld is Elon Musk and what no matter what
you think about him, uh, the point is heis where he is right now because of his
grit and the challenges that he's faced.
(04:07):
There was a time where they didn't haveany more money left, uh, in the bank to be
able to sustain the next round of payroll.
And there was a very specificinvestor in his company that would
Was actually against Tesla and didn'twant to go through with the product.
And he really had to face thatchallenge with so much grit
and tenacity and push through.
(04:29):
Even when there was such a huge setbackand think about their company, they,
they probably need millions and millionsof dollars to be able to support the
payroll, the next round of payroll.
But.
He pushed through with grit and now heis where he is right now with Tesla.
And in our lives, I'm sure that youalso have a personal experience of
what it means to go through a verytough challenge and really grind
(04:51):
your way through that challenge.
I've had many experiences in my own life.
One of those experienceswas my mom having cancer.
Uh, it was a very difficult time.
And people could say that,wow, that kind of faith is
almost like a delusional faith.
And I think that's actually part ofgrit is having that faith that no
matter what it's going to be okay.
And in my case, in my world, I believein God, I believe in the power of Jesus.
(05:15):
So to me, it may seem delusional,but I have had a lot of experiences
where I've seen God work in my life.
over and over again.
So I had that grit as a family,as a person, but also as a family
to push through that challenge.
Another example that I havewas actually I was auditioning.
This was years ago when I movedto LA, I didn't have a car and I
(05:37):
would take the bus from audition toanother audition to another audition.
It was, it was a lot, right?
And it was, it was my dream.
I, I moved to Los Angeles tobecome a professional dancer.
So I, uh, Auditioned for this printad and I remember uh, it was raining
really really hard that day in LAand here in Los Angeles We don't
(05:58):
take rain seriously for the most partbecause it doesn't always rain here.
And then the bus system is reallyNon existent meaning completely
unreliable late 99 percent of the time.
So I showed up to the audition Iwas carrying this huge backpack with
my change of clothes for the daybecause I was going from one audition
to another and I was soaking wetwhen I showed up to the audition.
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My bag was soaking wet.
I still remember it was a JansportBackpack and everything that
was in that bag was soaking wet.
I didn't have an umbrella.
I was soaking wet I got to theaudition with very little time
to spare to even fix myself.
So I said to myself, you know what?
I didn't come all the way here to give up.
Okay, and when I say come all the way hereI didn't mean like from bus to bus to bus.
(06:43):
I meant I didn't come all the wayhere To the United States from the
Philippines to give up just becauseI got drenched in the rain So I was
convinced that i'm going to step intothat audition room and i'm going to shine
and i'm going to make them Love me, soI don't remember exactly what I did.
But all I remember is that I wasdetermined To get through that
audition and make it my bestaudition that I've ever had and to my
(07:07):
surprise I actually booked that job.
I was in a k swiss print ad if you don'tknow I don't know if k swiss still exists
in this day, but it's an athletic brand.
And um, yeah, I I booked thatjob It was my very first print ad
Print ad, uh, here in the States.
And it was at the 17magazine and it was great.
It was, it was a fun experience.
And had I given up that day justbecause, Oh my gosh, I look terrible.
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I'm soaking wet and there's noway that they're going to love me.
I probably wouldn't have booked that job.
So grit and challenges.
And you know, one of the ways that wecan really encourage the kids in our
lives, whether, uh, you're an educator,a parent or a caregiver, right.
Whether you're an aunt,a grandma, a guardian.
Uh, one of the ways we can encourage thatis every time they go through a difficult
(07:52):
situation, let's say in school, like,let's say it's just a math problem, right?
Uh, it may seem like that to us, oh,it's just a math problem, but it's
probably really big for them, right?
If they can't get through a math problemand they're really struggling in school,
one of the ways we can really encouragethis is just by asking them to break it
down into small steps and encourage themand tell them, hey, you know, it's, you
(08:14):
know, Incredible that you stuck throughthat even though it's very very difficult.
Just remind them that wow What anamazing thing it is that you actually
stuck with that problem Even thoughit was challenging for you and that
really teaches them to value theprocess to value perseverance instead
of instant success the r in growthis reflection Which is reflecting on
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your decisions, your actions, right?
And not only reflecting internally, butreally actually seeking out feedback
from whether it's a peer, whether it's adirector or a boss, or you are the boss.
And feedback from yourteam members, right?
From the people who are work, who areworking with you, and, and, and for you.
Uh, I think that reflection is oneof the ways that we can truly grow.
(09:01):
A great example for this is RayDalio, who is the founder of
one of the world's largest hedgefunds, Bridgewater Associates.
He talks about this thing called radicaltransparency, and what he does is he
really encourages the people in hiscompany to be completely radical about
everything from the good, the bad,and the ugly, especially the ugly.
(09:22):
I think a lot of times we like.
Transparent we like being vulnerable whenit's like a good thing but we don't really
want to show the ugly parts of us or theugly parts of our company of The way we
run things and he says that it's only whenyou really are Transparent from the good
the bad and the ugly that the people inyour company the team members can come
(09:44):
together and really offer a Objective andthe best decision on how to move forward
from an issue from a challenge and I thinkthat that is so wonderful to hear that
from someone who has a huge company andReally encourages that because I think
that that's also how we should uh functionin life Of course, we're not saying
(10:06):
hey just welcome every feedback, right?
We have to be also careful about um,the voices and the feedback that's
coming into our lives and that's Partof that is just discernment, right?
It's kind of knowing when a feedbackis is good and it's going to help us
grow and when a feedback is completelyjust You know criticizing us and it's
actually not helping us to grow And oneof the ways that we can really instill
(10:29):
that in our kids is kind of preppingthem that hey If you're doing something
in school, right whether that's aproject for art or or anything else
There might be people that will notlike your work And sometimes when they
don't like your work, it depends on theway they deliver their feedback, right?
And sometimes it's not the best delivery.
And even if it's not the best delivery,what we could do is we could just
(10:52):
quiet ourself and ask, Okay, well,that might not be the best delivery,
and that really hurt me, the waythey said that really hurt me.
However, is there sometruth to what they said?
And if there's any, any validity to whatthey said, then is there any way that I
can apply that to my work for next timeso that I can actually improve my work?
(11:13):
And one of the things that I love asa performer is actually getting notes.
When I perform on stage, my favoritepart is always after when the director
or the choreographer tells us, Hey, uh,do this one thing here, uh, change this.
Uh, you can do this one better.
Well, one of the reasons why I likethat is one, It makes me grow, two,
(11:35):
makes me feel good that, hey, thedirector or the choreographer is
watching me, meaning they're interestedin, in helping me become better.
And three, if I apply that note, I'mpretty sure that because they are seeing
it from the audience perspective, it'sgoing to help me connect to my audience
more as well, which will essentiallymake me become a more effective dancer.
(11:55):
And so reflection is truly one of theways that we can grow our mindset.
And again, not only reflectinginternally, but actually seeking it
out the O and growth is optimism,not just any sort of optimism.
I'm not talking about like blind optimism.
You know, everything isjust roses and rainbows.
I'm talking about Optimism when youare faced with failure and how do
(12:17):
you reframe your mind so that you canactually Still push past the challenge
with and when I think about the wordoptimism It is that hope and that
Kind of confidence that something goodis going to come out of a situation.
And one of my favorite examples inthe business world is Sarah Blakely,
(12:40):
the inventor and founder of Spanx.
If you don't know her, look her up.
I'm pretty sure she's a householdname by now because gosh, like
just her success is incredible.
But when she was starting, especiallywhen she's starting with a very new
product, no one has heard of it before.
She's a woman.
Going into all these manufacturers andpresenting her product idea to them
(13:01):
She had so many no's and she didn'thave any investors to back her up She
started her business with 5, 000 fromher savings account and went all in
With this idea that this product isgoing to take off and she received so
many no's No after no after no frommanufacturers saying we don't want to
produce your product and finally shegot a yes And the rest is history.
(13:26):
We know her now because obviously sheis a multi millionaire billionaire I
don't even know but the point is ifshe didn't have optimism in the face of
failure if she gave up We wouldn't knowher today, and we wouldn't have Spanx.
In my own life.
I had um, I don't think it was reallya business failure, but it was a
(13:46):
business failure in a sense thatI did not protect myself, uh, in a
partnership that I had, um, with someone.
And I was very young.
I was naive.
I, you know, I trusted.
I had a really goodrelationship with this guy.
And so I trusted our relationshipand we went into business together.
And, uh, you know, long story short,years and years after pouring my heart
(14:08):
into this business, created an entireprogram, trained teachers and all of
these things, I found out that I'm notactually a business owner and I don't
really have stakes that accompany that.
If I stop working, I would also.
Not receive any more salary, right?
And so that was really heartbreakingfor me, a huge heartbreak.
Um, but what I learned from thatis I could have buried my head
(14:33):
into the ground and said, Oh mygosh, cat, like, what did you do?
You should have known this better.
I could have blamed myself over andover again for not, you know, protecting
myself for not doing things correctly,not having a contract in place, an
agreement in place, and that was a hugefailure for me because that was a big
chunk of my life that I devoted to.
And then all of a sudden.
It's just gone.
(14:53):
And yet, here I am today, still inbusiness, still an entrepreneur.
Yes, I am no longer in that business,but I still push through and everything
that I learned from that, I realizedthat I got so much out of that experience
and I'm bringing it to what I do now.
And for the children in our lives,you know, it's really important
that we encourage them that, hey,when you make mistakes, it's.
(15:15):
Totally okay.
It is part of the learning process.
It is literally I feel like I saythat every day in my lessons with
students is I always tell themmistakes is part of the process.
It's okay to make mistakes.
But what we can do is wecan learn from them, right?
And that's a way to kind of frameour mindset to be more positive that
no matter what mistakes we make.
(15:37):
There's always a lightat the end of the tunnel.
There's always hope.
There's a confidence that somethinggood is going to come out of that.
Even when it doesn't look like itright now, W in growth is willingness.
And that is willingness to learn.
I believe that one of the ways wecan grow our minds is by always being
(15:59):
willing to expand on what we don't know.
There are so many things in theworld that we don't know, that
we don't understand, you know.
What they say is, well, youdon't know what you don't know.
And I I think it's a very powerful placeto be in when you realize that wow There
is still so much more that I don't knoweven though yeah, i've lived life and i've
(16:20):
learned a lot There's still so much moreand one of a great example here is richard
branson founder of virgin group who?
Never had really formal businesstraining But yet because of his
willingness to learn he has beenable Successful across many different
fields and with the kids in our lives,one of the ways that we can really
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foster this is the love for learning.
I think that as humans, we all have ournatural inclinations and as we watch
children grow, we can tell, Oh, this childreally gravitates more towards sports.
Oh, this child gravitates more towardsmusical theater and arts and dance.
And one of the ways that we canreally foster the love of learning
for children is by telling them, Hey,I noticed you really love sports.
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Of course, I'm going to support you inthat, but let's see if we can also learn
something from this other side, right?
Maybe a different activity and itdoesn't have to be something that
they're going to do longterm, butmaybe it's just something where they
can do it for a little bit so they canfoster the ability to ask questions.
Questions, questions like.
Well, I don't really enjoy this doing thisparticular activity, but what can I learn
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and is there anything that I can love?
I can actually develop a lovefor learning in this particular
subject or topic or activity.
I used to say this a lot.
There's nothing that's boring in life.
And the reason why it's boring is becauseyou're boring and I know that sounds
harsh But it's because of my belief again.
(17:49):
This is my framework.
This is my mindset my belief systemIt's because of my belief that
there's always something that we canlearn we can always find a love for
learning in any Industry in any field.
So I always thought that, okay, I love,you know, arts, movement, music, all these
things, but gosh, if you put me in coding,if you put me in basket weaving, if you
(18:14):
put me in anything else that is completelyunrelated to usually what I love doing,
I probably will find something fun in it.
And not just probably I'm actually sureI will find something fun in it because
that's just my belief system I know thatwhatever you bring in front of me I will
find a way to love to do it because ofthe love for learning and an example
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of that in my own life is really justrunning a business as someone who runs her
own business and used to not have help.
Now I have help, which isamazing, but gosh, I had to
learn how to make a website.
I have to learn email marketing.
I have to learn how to create my own copyfor emails and, and the landing pages.
I have to learn accounting,how to do bookkeeping.
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I have to learn.
I hate bookkeeping.
It's one of the worstthings for me personally.
Right.
But I have to learn it.
I have to learn, um, how to presentmyself, how to do sales calls.
I, yeah.
There's just so many thingsthat I had to learn as someone
who's running their business.
And if there isn't a love for learningthat has been fostered in me in such
(19:20):
a young age, I probably would havealready given up because there's
been a lot of gosh, mental blocks andjust learning curves that I had to
go through running my own business.
So if we can establish this andfoster this with the kids in our
lives at an early age, that wouldbe something that would really set
them apart as they grow into adults.
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The T in growth is team One of theways that we can grow our mindset is
actually by working together with otherpeople so I really truly believe that
you know, we can't do life on our ownI don't think anyone when people say
i'm self made I really don't understandwhere that's coming from because
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nobody is truly self made At some pointin your life Someone helped us out.
There's no one that is truly self made.
And I think that team here means that youare able to work successfully with others.
You're able to communicate your thoughtsand your ideas successfully with other
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people in your team, whether you aresomeone who's working for someone or you
are the boss and you are empowering yourteam or you are working with other people.
Other people together as a team.
And one of the ways that we canfoster this in our children is
really by encouraging them actuallyto step in a leadership role.
So let's say a child isn'tnaturally inclined to lead and
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to volunteer, to become a leader.
Maybe we can, you know,just kind of plant seeds of.
Hey, you know, there's a new projectcoming up in your school this next month.
Maybe you should volunteer.
Maybe you should talk to the teacher andvolunteer to be a leader or talk to your
peers and volunteer to lead so that youcan experience what that is like, right?
To lead a team.
And if that is a hard no.
(21:07):
For the child, there's alwaysways to still foster this because
you know, some children, not justchildren, but adults as well.
Not all of us are reallywanting to lead, right?
Um, however, we can still learn leadershipskills by being a great teammate and we
can definitely foster that with our kids.
Even if they don't want to lead a teamper se, we can engage in conversation with
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them and ask them questions like, okay,so there's this project right now and I
know you're part of the team that, um, Issubmitting to a leader, ask them questions
like, how can you contribute to the team?
How can you be an effective team member?
How can you deliver what'sbeing asked of you on time?
How can you deliver what's beingasked of you in your own unique way?
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What is your own perspective?
How can you communicate your ideas?
To your fellow team members, right?
How can you show up for them?
So it's supporting them and we'renot delayed in the work because it's
actually moving the project forward.
So asking questions like that withthe Children in our lives is a great
way to develop this characteristic.
(22:11):
A great example for this in the businessworld is Satya Nadella, who is the CEO of
Microsoft and He is known for establishinga culture in the workplace where there's
really empowerment for the team members.
They are encouraged to takerisks without fear of failure
so that they can truly innovate.
The H in growth is habit, and I'm nottalking just about any habit because
(22:36):
obviously we can talk about habit allday long and forming good habits, but
it's really the habit of adaptability.
When I looked at the word habit, it'stalking about permanence, something
that you do on a regular basis.
And yes, there are a lot of goodhabits, as I said, but really
specifically the habit of adaptability.
(22:57):
Because.
We know now in hindsight, right,that 2020, so many people who didn't
Adapt, uh, weren't able to continuewith their businesses while other
people who were able to pivot andshift right away, they were able to
either grow or maintain their business.
And a great example here in the businessworld is Reed Hastings from Netflix, who
(23:19):
knew how to adapt to the needs of theconsumers, whether that's a DVD rental to
streaming to original content production,the way that he's able to adapt to
the needs of the consumers has really.
Paved the way for themto still be here today.
And so personally in my life,that's exactly what I did as well.
(23:39):
In 2020, I was in the danceworld, in the stunt world.
Um, I was busy trying to,you know, be a performer and
audition and all these things.
And of course, when the pandemic happened,all the performing jobs went away.
And so I really had to think hard,how do I put food on the table?
Because my whole life has been all about.
(24:01):
And of course I was also doingentrepreneurship with real estate and
had my own business, but really itwas still mainly dance and aerial.
And so how do I do thatwhen there's no more work?
And thankfully I was already teachingpiano back in 2018 and in 2020 I just
really focused and said, okay, well thisis what I'm going to do full time now.
(24:21):
And it was incredible becauseit was literally a time where
when it was so crazy for.
A lot of people and a lotof people lost their jobs.
I grew, I grew my income and for thefirst time in my life, I actually
had a stable income because it wasa business where people were paying
every single month for the lessons.
And I never had that as a dancer.
(24:43):
As a dancer, I was living frompaycheck to paycheck, figuring out
when it's going to come again, becauseif I don't book a job, well, I don't
have money when I don't have a job.
Right.
And it all depends if I book a job.
And so with, uh, 2020, I was really ableto adapt and just pivot very quickly.
And to this day, it is still what I do.
I'm still doing this businessand it's been incredible.
(25:05):
And even now I'm already adapting.
There's already a lot of shift and,and changes and the way people are
doing things in the online space.
And, and I'm adapting to that as well.
And I'm changing some of the thingsI do because of what is being
asked from me, from the consumers.
So.
So again, that habit ofadaptability is really important.
And a way that we can foster thiswith the children in our lives
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is by looking at situations wherethings didn't go their way, right?
Um, being there for them when theyexpected something to happen and
it didn't happen and really justsitting down with them and asking,
okay, well, this didn't quite panout the way you expected it to be.
How can we still adapt?
(25:48):
Get to the other side where it'sstill a favorable outcome, right?
How can we actually adapt this sothat we can still learn from this?
We can still grow from this.
We can still, uh, receivethe outcome that we wanted.
Maybe it's not the exact outcome thatwe wanted, but maybe it's a better
outcome because we, we don't know.
(26:08):
Right.
And so just asking them questions.
Uh, one of the things I'm so excitedabout is, Being certified in Adventurous
and Wisdom, which is a life coaching forkids, is this skill called Power Shifting.
It's literally just helping the kidsunderstand that when there's a situation
that comes our way that is not our idealsituation, how do we shift our mindset
(26:31):
so that instead of looking at it as, ohgosh, things didn't go my way, Right?
We can actually step into our powerand look at that and say, well, it
didn't pan out exactly how I wanted itto, but I'm going to make it better.
Right?
How can we adapt?
So instilling that mindset atan early age in our kids could
really set them up for success.
(26:53):
So I hope you enjoyed today's episode.
Again, at the heart of Wildly WealthyLife is really sharing ideas, thoughts,
examples, life experiences, questionswe could ask for ourselves and for
the children in our lives as to howwe can grow so that we can have a
(27:14):
fulfilling and an exceptional life.
So again, to recap that growth mindset tome is someone who has grit, Someone who's
able to reflect not just internally, butactually encourage feedback from others.
Someone who's got optimismin the face of failure.
Someone who's got willingness tolearn always, always cultivating
(27:34):
that love for learning.
Someone who's able to work togetherin a team setting, knowing how to
communicate your ideas, knowing howto deliver your deliverables on time.
Um, and someone who has the habitof adaptability, being able to
pivot and shift when needed.
So take that with you, and I hopeyou have a wildly wealthy life.
I will see you in the next episode.
(27:58):
All right friends, that's a wrap ontoday's episode of Wildly Wealthy Life.
We hope you're feeling fired upand ready to take on the world with
your brilliant mind and brave heart.
If you loved this episode, make sureyou hit that subscribe button on YouTube
or your favorite podcast platform.
It helps us keep bringingyou the good stuff.
And hey, while you're at it,drop us a rating or review.
It takes like what?
And it makes a huge difference for us.
(28:20):
Also, if you know someone who coulduse a little guidance on growth
mindset, leadership and creativity,share this episode with them.
Sometimes that one conversationcan spark up a whole new direction.
Thanks for hanging out with us today.
Go out there, live wildly, be wealthyin all the ways that matter to you.
And we'll catch you on the next one.
In today's episode, we're going to talk about six
(00:02):
characteristics of a growth mindset.
I'm going to share examples fromsuccessful entrepreneurs and
leaders who have exemplified thesecharacteristics, as well as share
some of my personal experiences.
I'm also going to share ways thatwe can adapt this and share it
to the children in our lives.
So stay tuned.
Hey, my name is Kat.
(00:23):
And I'm Lee.
And welcome to the WildlyWealthy Life podcast.
In this show, we explore the journeyof what it means to live a truly
exceptional and fulfilling life.
Each episode focuses on how afoundation of brilliant minds and
brave hearts nurtured through thearts leads to lifelong success.
Get inspired with actionable tips tofoster a growth mindset, leadership values
(00:46):
and creativity in children and adults,turning their potential into lasting
contributions for their communities.
We hope that you embrace thechallenge to shift your perspective
as we equip you and the nextgeneration for a wildly wealthy life.
(01:08):
Welcome back.
In the last episode, I talked about theWildly Wealthy Life Ladder, and it is a
framework that I sort of developed justfrom reflection on my own experiences
with how I've approached life and whathas gotten me to where I am today.
And the first step in that ladder is toThe frame and just as a review, you can
(01:31):
watch episode two if you want, but asa review, the frame, that first step is
really where everything begins becauseyour frame, which is your framework, your
frame of mind is what affects everythingthat you do, how you approach life,
how you approach the world around you,uh, what you believe about yourself.
So this frame is so importantthat we get this right.
(01:53):
And in the last episode, I talkedabout how we can either have a fixed
mindset or a fixed frame or an openand a growth mindset or an open frame.
So today, I'm going to take thetime to talk about growth mindset.
And because I love acronyms, becauseit helps me remember things, I
thought about the word growth.
Right?
(02:14):
And first, we kind of haveto define what growth means.
And growth, if I look at the literalmeaning of growth, it is something that
is increasing, whether that's increasingin value, increasing in capacity,
increasing in size, increasing in number.
It is something that is growing.
And one of the ways we can tell if thereis good growth is to look at the fruit.
(02:37):
Right?
So yes, we can increaseour capacity in patience.
We can increase ourcapacity for leadership.
We can increase our capacity to love.
And while all of that is goodbecause it is an increase.
One of the ways that we canreally look at is the fruit.
Of the growth.
Is there a good fruit that's comingout of this growth or is it bad fruit?
(02:58):
And one of the ways that we can tell ifit's good growth, aside from of course the
increase in value and size and capacityor numbers, is really if there is good
fruit that is coming out of the growth.
So let's talk about G first and Gstands for grit and this is grit In
challenges, when I looked at the literalmeaning of grit, it talks about the
(03:22):
part of the stone that is adaptiveto grinding and the word grinding.
If we dig deeper, it doesn't feel likethere's anything good about it because it.
It feels painful, I think aboutgrinding of the teeth, gnashing of the
teeth, my husband he grinds his teethat night and he wakes up and his jaw
aches because of the effort that ittook to grind your teeth in the middle
(03:45):
of the night while you were sleeping.
So when I look at a person and I say,Oh my gosh, that person has so much
grit, it usually means that that personhas gone through something difficult.
And a good example here in the businessworld is Elon Musk and what no matter what
you think about him, uh, the point is heis where he is right now because of his
grit and the challenges that he's faced.
(04:07):
There was a time where they didn't haveany more money left, uh, in the bank to be
able to sustain the next round of payroll.
And there was a very specificinvestor in his company that would
Was actually against Tesla and didn'twant to go through with the product.
And he really had to face thatchallenge with so much grit
and tenacity and push through.
(04:29):
Even when there was such a huge setbackand think about their company, they,
they probably need millions and millionsof dollars to be able to support the
payroll, the next round of payroll.
But.
He pushed through with grit and now heis where he is right now with Tesla.
And in our lives, I'm sure that youalso have a personal experience of
what it means to go through a verytough challenge and really grind
(04:51):
your way through that challenge.
I've had many experiences in my own life.
One of those experienceswas my mom having cancer.
Uh, it was a very difficult time.
And people could say that,wow, that kind of faith is
almost like a delusional faith.
And I think that's actually part ofgrit is having that faith that no
matter what it's going to be okay.
And in my case, in my world, I believein God, I believe in the power of Jesus.
(05:15):
So to me, it may seem delusional,but I have had a lot of experiences
where I've seen God work in my life.
over and over again.
So I had that grit as a family,as a person, but also as a family
to push through that challenge.
Another example that I havewas actually I was auditioning.
This was years ago when I movedto LA, I didn't have a car and I
(05:37):
would take the bus from audition toanother audition to another audition.
It was, it was a lot, right?
And it was, it was my dream.
I, I moved to Los Angeles tobecome a professional dancer.
So I, uh, Auditioned for this printad and I remember uh, it was raining
really really hard that day in LAand here in Los Angeles We don't
(05:58):
take rain seriously for the most partbecause it doesn't always rain here.
And then the bus system is reallyNon existent meaning completely
unreliable late 99 percent of the time.
So I showed up to the audition Iwas carrying this huge backpack with
my change of clothes for the daybecause I was going from one audition
to another and I was soaking wetwhen I showed up to the audition.
(06:22):
My bag was soaking wet.
I still remember it was a JansportBackpack and everything that
was in that bag was soaking wet.
I didn't have an umbrella.
I was soaking wet I got to theaudition with very little time
to spare to even fix myself.
So I said to myself, you know what?
I didn't come all the way here to give up.
Okay, and when I say come all the way hereI didn't mean like from bus to bus to bus.
(06:43):
I meant I didn't come all the wayhere To the United States from the
Philippines to give up just becauseI got drenched in the rain So I was
convinced that i'm going to step intothat audition room and i'm going to shine
and i'm going to make them Love me, soI don't remember exactly what I did.
But all I remember is that I wasdetermined To get through that
audition and make it my bestaudition that I've ever had and to my
(07:07):
surprise I actually booked that job.
I was in a k swiss print ad if you don'tknow I don't know if k swiss still exists
in this day, but it's an athletic brand.
And um, yeah, I I booked thatjob It was my very first print ad
Print ad, uh, here in the States.
And it was at the 17magazine and it was great.
It was, it was a fun experience.
And had I given up that day justbecause, Oh my gosh, I look terrible.
(07:31):
I'm soaking wet and there's noway that they're going to love me.
I probably wouldn't have booked that job.
So grit and challenges.
And you know, one of the ways that wecan really encourage the kids in our
lives, whether, uh, you're an educator,a parent or a caregiver, right.
Whether you're an aunt,a grandma, a guardian.
Uh, one of the ways we can encourage thatis every time they go through a difficult
(07:52):
situation, let's say in school, like,let's say it's just a math problem, right?
Uh, it may seem like that to us, oh,it's just a math problem, but it's
probably really big for them, right?
If they can't get through a math problemand they're really struggling in school,
one of the ways we can really encouragethis is just by asking them to break it
down into small steps and encourage themand tell them, hey, you know, it's, you
(08:14):
know, Incredible that you stuck throughthat even though it's very very difficult.
Just remind them that wow What anamazing thing it is that you actually
stuck with that problem Even thoughit was challenging for you and that
really teaches them to value theprocess to value perseverance instead
of instant success the r in growthis reflection Which is reflecting on
(08:38):
your decisions, your actions, right?
And not only reflecting internally, butreally actually seeking out feedback
from whether it's a peer, whether it's adirector or a boss, or you are the boss.
And feedback from yourteam members, right?
From the people who are work, who areworking with you, and, and, and for you.
Uh, I think that reflection is oneof the ways that we can truly grow.
(09:01):
A great example for this is RayDalio, who is the founder of
one of the world's largest hedgefunds, Bridgewater Associates.
He talks about this thing called radicaltransparency, and what he does is he
really encourages the people in hiscompany to be completely radical about
everything from the good, the bad,and the ugly, especially the ugly.
(09:22):
I think a lot of times we like.
Transparent we like being vulnerable whenit's like a good thing but we don't really
want to show the ugly parts of us or theugly parts of our company of The way we
run things and he says that it's only whenyou really are Transparent from the good
the bad and the ugly that the people inyour company the team members can come
(09:44):
together and really offer a Objective andthe best decision on how to move forward
from an issue from a challenge and I thinkthat that is so wonderful to hear that
from someone who has a huge company andReally encourages that because I think
that that's also how we should uh functionin life Of course, we're not saying
(10:06):
hey just welcome every feedback, right?
We have to be also careful about um,the voices and the feedback that's
coming into our lives and that's Partof that is just discernment, right?
It's kind of knowing when a feedbackis is good and it's going to help us
grow and when a feedback is completelyjust You know criticizing us and it's
actually not helping us to grow And oneof the ways that we can really instill
(10:29):
that in our kids is kind of preppingthem that hey If you're doing something
in school, right whether that's aproject for art or or anything else
There might be people that will notlike your work And sometimes when they
don't like your work, it depends on theway they deliver their feedback, right?
And sometimes it's not the best delivery.
And even if it's not the best delivery,what we could do is we could just
(10:52):
quiet ourself and ask, Okay, well,that might not be the best delivery,
and that really hurt me, the waythey said that really hurt me.
However, is there sometruth to what they said?
And if there's any, any validity to whatthey said, then is there any way that I
can apply that to my work for next timeso that I can actually improve my work?
(11:13):
And one of the things that I love asa performer is actually getting notes.
When I perform on stage, my favoritepart is always after when the director
or the choreographer tells us, Hey, uh,do this one thing here, uh, change this.
Uh, you can do this one better.
Well, one of the reasons why I likethat is one, It makes me grow, two,
(11:35):
makes me feel good that, hey, thedirector or the choreographer is
watching me, meaning they're interestedin, in helping me become better.
And three, if I apply that note, I'mpretty sure that because they are seeing
it from the audience perspective, it'sgoing to help me connect to my audience
more as well, which will essentiallymake me become a more effective dancer.
(11:55):
And so reflection is truly one of theways that we can grow our mindset.
And again, not only reflectinginternally, but actually seeking it
out the O and growth is optimism,not just any sort of optimism.
I'm not talking about like blind optimism.
You know, everything isjust roses and rainbows.
I'm talking about Optimism when youare faced with failure and how do
(12:17):
you reframe your mind so that you canactually Still push past the challenge
with and when I think about the wordoptimism It is that hope and that
Kind of confidence that something goodis going to come out of a situation.
And one of my favorite examples inthe business world is Sarah Blakely,
(12:40):
the inventor and founder of Spanx.
If you don't know her, look her up.
I'm pretty sure she's a householdname by now because gosh, like
just her success is incredible.
But when she was starting, especiallywhen she's starting with a very new
product, no one has heard of it before.
She's a woman.
Going into all these manufacturers andpresenting her product idea to them
(13:01):
She had so many no's and she didn'thave any investors to back her up She
started her business with 5, 000 fromher savings account and went all in
With this idea that this product isgoing to take off and she received so
many no's No after no after no frommanufacturers saying we don't want to
produce your product and finally shegot a yes And the rest is history.
(13:26):
We know her now because obviously sheis a multi millionaire billionaire I
don't even know but the point is ifshe didn't have optimism in the face of
failure if she gave up We wouldn't knowher today, and we wouldn't have Spanx.
In my own life.
I had um, I don't think it was reallya business failure, but it was a
(13:46):
business failure in a sense thatI did not protect myself, uh, in a
partnership that I had, um, with someone.
And I was very young.
I was naive.
I, you know, I trusted.
I had a really goodrelationship with this guy.
And so I trusted our relationshipand we went into business together.
And, uh, you know, long story short,years and years after pouring my heart
(14:08):
into this business, created an entireprogram, trained teachers and all of
these things, I found out that I'm notactually a business owner and I don't
really have stakes that accompany that.
If I stop working, I would also.
Not receive any more salary, right?
And so that was really heartbreakingfor me, a huge heartbreak.
Um, but what I learned from thatis I could have buried my head
(14:33):
into the ground and said, Oh mygosh, cat, like, what did you do?
You should have known this better.
I could have blamed myself over andover again for not, you know, protecting
myself for not doing things correctly,not having a contract in place, an
agreement in place, and that was a hugefailure for me because that was a big
chunk of my life that I devoted to.
And then all of a sudden.
It's just gone.
(14:53):
And yet, here I am today, still inbusiness, still an entrepreneur.
Yes, I am no longer in that business,but I still push through and everything
that I learned from that, I realizedthat I got so much out of that experience
and I'm bringing it to what I do now.
And for the children in our lives,you know, it's really important
that we encourage them that, hey,when you make mistakes, it's.
(15:15):
Totally okay.
It is part of the learning process.
It is literally I feel like I saythat every day in my lessons with
students is I always tell themmistakes is part of the process.
It's okay to make mistakes.
But what we can do is wecan learn from them, right?
And that's a way to kind of frameour mindset to be more positive that
no matter what mistakes we make.
(15:37):
There's always a lightat the end of the tunnel.
There's always hope.
There's a confidence that somethinggood is going to come out of that.
Even when it doesn't look like itright now, W in growth is willingness.
And that is willingness to learn.
I believe that one of the ways wecan grow our minds is by always being
(15:59):
willing to expand on what we don't know.
There are so many things in theworld that we don't know, that
we don't understand, you know.
What they say is, well, youdon't know what you don't know.
And I I think it's a very powerful placeto be in when you realize that wow There
is still so much more that I don't knoweven though yeah, i've lived life and i've
(16:20):
learned a lot There's still so much moreand one of a great example here is richard
branson founder of virgin group who?
Never had really formal businesstraining But yet because of his
willingness to learn he has beenable Successful across many different
fields and with the kids in our lives,one of the ways that we can really
(16:40):
foster this is the love for learning.
I think that as humans, we all have ournatural inclinations and as we watch
children grow, we can tell, Oh, this childreally gravitates more towards sports.
Oh, this child gravitates more towardsmusical theater and arts and dance.
And one of the ways that we canreally foster the love of learning
for children is by telling them, Hey,I noticed you really love sports.
(17:04):
Of course, I'm going to support you inthat, but let's see if we can also learn
something from this other side, right?
Maybe a different activity and itdoesn't have to be something that
they're going to do longterm, butmaybe it's just something where they
can do it for a little bit so they canfoster the ability to ask questions.
Questions, questions like.
Well, I don't really enjoy this doing thisparticular activity, but what can I learn
(17:28):
and is there anything that I can love?
I can actually develop a lovefor learning in this particular
subject or topic or activity.
I used to say this a lot.
There's nothing that's boring in life.
And the reason why it's boring is becauseyou're boring and I know that sounds
harsh But it's because of my belief again.
(17:49):
This is my framework.
This is my mindset my belief systemIt's because of my belief that
there's always something that we canlearn we can always find a love for
learning in any Industry in any field.
So I always thought that, okay, I love,you know, arts, movement, music, all these
things, but gosh, if you put me in coding,if you put me in basket weaving, if you
(18:14):
put me in anything else that is completelyunrelated to usually what I love doing,
I probably will find something fun in it.
And not just probably I'm actually sureI will find something fun in it because
that's just my belief system I know thatwhatever you bring in front of me I will
find a way to love to do it because ofthe love for learning and an example
(18:37):
of that in my own life is really justrunning a business as someone who runs her
own business and used to not have help.
Now I have help, which isamazing, but gosh, I had to
learn how to make a website.
I have to learn email marketing.
I have to learn how to create my own copyfor emails and, and the landing pages.
I have to learn accounting,how to do bookkeeping.
(18:59):
I have to learn.
I hate bookkeeping.
It's one of the worstthings for me personally.
Right.
But I have to learn it.
I have to learn, um, how to presentmyself, how to do sales calls.
I, yeah.
There's just so many thingsthat I had to learn as someone
who's running their business.
And if there isn't a love for learningthat has been fostered in me in such
(19:20):
a young age, I probably would havealready given up because there's
been a lot of gosh, mental blocks andjust learning curves that I had to
go through running my own business.
So if we can establish this andfoster this with the kids in our
lives at an early age, that wouldbe something that would really set
them apart as they grow into adults.
(19:41):
The T in growth is team One of theways that we can grow our mindset is
actually by working together with otherpeople so I really truly believe that
you know, we can't do life on our ownI don't think anyone when people say
i'm self made I really don't understandwhere that's coming from because
(20:02):
nobody is truly self made At some pointin your life Someone helped us out.
There's no one that is truly self made.
And I think that team here means that youare able to work successfully with others.
You're able to communicate your thoughtsand your ideas successfully with other
(20:23):
people in your team, whether you aresomeone who's working for someone or you
are the boss and you are empowering yourteam or you are working with other people.
Other people together as a team.
And one of the ways that we canfoster this in our children is
really by encouraging them actuallyto step in a leadership role.
So let's say a child isn'tnaturally inclined to lead and
(20:47):
to volunteer, to become a leader.
Maybe we can, you know,just kind of plant seeds of.
Hey, you know, there's a new projectcoming up in your school this next month.
Maybe you should volunteer.
Maybe you should talk to the teacher andvolunteer to be a leader or talk to your
peers and volunteer to lead so that youcan experience what that is like, right?
To lead a team.
And if that is a hard no.
(21:07):
For the child, there's alwaysways to still foster this because
you know, some children, not justchildren, but adults as well.
Not all of us are reallywanting to lead, right?
Um, however, we can still learn leadershipskills by being a great teammate and we
can definitely foster that with our kids.
Even if they don't want to lead a teamper se, we can engage in conversation with
(21:29):
them and ask them questions like, okay,so there's this project right now and I
know you're part of the team that, um, Issubmitting to a leader, ask them questions
like, how can you contribute to the team?
How can you be an effective team member?
How can you deliver what'sbeing asked of you on time?
How can you deliver what's beingasked of you in your own unique way?
(21:50):
What is your own perspective?
How can you communicate your ideas?
To your fellow team members, right?
How can you show up for them?
So it's supporting them and we'renot delayed in the work because it's
actually moving the project forward.
So asking questions like that withthe Children in our lives is a great
way to develop this characteristic.
(22:11):
A great example for this in the businessworld is Satya Nadella, who is the CEO of
Microsoft and He is known for establishinga culture in the workplace where there's
really empowerment for the team members.
They are encouraged to takerisks without fear of failure
so that they can truly innovate.
The H in growth is habit, and I'm nottalking just about any habit because
(22:36):
obviously we can talk about habit allday long and forming good habits, but
it's really the habit of adaptability.
When I looked at the word habit, it'stalking about permanence, something
that you do on a regular basis.
And yes, there are a lot of goodhabits, as I said, but really
specifically the habit of adaptability.
(22:57):
Because.
We know now in hindsight, right,that 2020, so many people who didn't
Adapt, uh, weren't able to continuewith their businesses while other
people who were able to pivot andshift right away, they were able to
either grow or maintain their business.
And a great example here in the businessworld is Reed Hastings from Netflix, who
(23:19):
knew how to adapt to the needs of theconsumers, whether that's a DVD rental to
streaming to original content production,the way that he's able to adapt to
the needs of the consumers has really.
Paved the way for themto still be here today.
And so personally in my life,that's exactly what I did as well.
(23:39):
In 2020, I was in the danceworld, in the stunt world.
Um, I was busy trying to,you know, be a performer and
audition and all these things.
And of course, when the pandemic happened,all the performing jobs went away.
And so I really had to think hard,how do I put food on the table?
Because my whole life has been all about.
(24:01):
And of course I was also doingentrepreneurship with real estate and
had my own business, but really itwas still mainly dance and aerial.
And so how do I do thatwhen there's no more work?
And thankfully I was already teachingpiano back in 2018 and in 2020 I just
really focused and said, okay, well thisis what I'm going to do full time now.
(24:21):
And it was incredible becauseit was literally a time where
when it was so crazy for.
A lot of people and a lotof people lost their jobs.
I grew, I grew my income and for thefirst time in my life, I actually
had a stable income because it wasa business where people were paying
every single month for the lessons.
And I never had that as a dancer.
(24:43):
As a dancer, I was living frompaycheck to paycheck, figuring out
when it's going to come again, becauseif I don't book a job, well, I don't
have money when I don't have a job.
Right.
And it all depends if I book a job.
And so with, uh, 2020, I was really ableto adapt and just pivot very quickly.
And to this day, it is still what I do.
I'm still doing this businessand it's been incredible.
(25:05):
And even now I'm already adapting.
There's already a lot of shift and,and changes and the way people are
doing things in the online space.
And, and I'm adapting to that as well.
And I'm changing some of the thingsI do because of what is being
asked from me, from the consumers.
So.
So again, that habit ofadaptability is really important.
And a way that we can foster thiswith the children in our lives
(25:28):
is by looking at situations wherethings didn't go their way, right?
Um, being there for them when theyexpected something to happen and
it didn't happen and really justsitting down with them and asking,
okay, well, this didn't quite panout the way you expected it to be.
How can we still adapt?
(25:48):
Get to the other side where it'sstill a favorable outcome, right?
How can we actually adapt this sothat we can still learn from this?
We can still grow from this.
We can still, uh, receivethe outcome that we wanted.
Maybe it's not the exact outcome thatwe wanted, but maybe it's a better
outcome because we, we don't know.
(26:08):
Right.
And so just asking them questions.
Uh, one of the things I'm so excitedabout is, Being certified in Adventurous
and Wisdom, which is a life coaching forkids, is this skill called Power Shifting.
It's literally just helping the kidsunderstand that when there's a situation
that comes our way that is not our idealsituation, how do we shift our mindset
(26:31):
so that instead of looking at it as, ohgosh, things didn't go my way, Right?
We can actually step into our powerand look at that and say, well, it
didn't pan out exactly how I wanted itto, but I'm going to make it better.
Right?
How can we adapt?
So instilling that mindset atan early age in our kids could
really set them up for success.
(26:53):
So I hope you enjoyed today's episode.
Again, at the heart of Wildly WealthyLife is really sharing ideas, thoughts,
examples, life experiences, questionswe could ask for ourselves and for
the children in our lives as to howwe can grow so that we can have a
(27:14):
fulfilling and an exceptional life.
So again, to recap that growth mindset tome is someone who has grit, Someone who's
able to reflect not just internally, butactually encourage feedback from others.
Someone who's got optimismin the face of failure.
Someone who's got willingness tolearn always, always cultivating
(27:34):
that love for learning.
Someone who's able to work togetherin a team setting, knowing how to
communicate your ideas, knowing howto deliver your deliverables on time.
Um, and someone who has the habitof adaptability, being able to
pivot and shift when needed.
So take that with you, and I hopeyou have a wildly wealthy life.
I will see you in the next episode.
(27:58):
All right friends, that's a wrap ontoday's episode of Wildly Wealthy Life.
We hope you're feeling fired upand ready to take on the world with
your brilliant mind and brave heart.
If you loved this episode, make sureyou hit that subscribe button on YouTube
or your favorite podcast platform.
It helps us keep bringingyou the good stuff.
And hey, while you're at it,drop us a rating or review.
It takes like what?
And it makes a huge difference for us.
(28:20):
Also, if you know someone who coulduse a little guidance on growth
mindset, leadership and creativity,share this episode with them.
Sometimes that one conversationcan spark up a whole new direction.
Thanks for hanging out with us today.
Go out there, live wildly, be wealthyin all the ways that matter to you.
And we'll catch you on the next one.
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