Are you struggling to build wealth despite a high income? Discover why your relationship with money might be holding you back.
In this episode of Wealthy Wellthy podcast, host Laura Alamery and Liz Klingseisen welcomes Krisstina Wise, a successful real estate investor and money expert, shared her journey from financial struggles to mastering wealth creation.
The main focus of this episode is understanding the crucial difference between income and wealth. Krisstina explained how high earners can still find themselves trapped in a month-to-month financial cycle, and reveals the mindset shifts necessary to build true wealth.
Throughout the conversation, Krisstina delve into her five categories for mastering money, including developing a positive money mindset and cultivating a healthy relationship with finances. She also touches on the importance of financial literacy and how it relates to successful real estate investing.
Ready to transform your financial future? Listen now to gain invaluable insights on breaking free from limiting money beliefs and learn how to leverage real estate investing to create lasting wealth.
Key Takeaways
5:50 From high income to financial despair
11:07 The journey from duplex to portfolio
15:25 Five categories for mastering money
24:31 Overcoming limiting beliefs about money
31:00 Financial IQ quiz to assess literacy
Memorable Quotes
"I learned that there's something different between income and wealth. People in the income game are in the month-to-month game regardless of how much they're making. Wealth is through assets and building a portfolio and a balance sheet."
"Real estate investing is one option. The idea is to ask ourselves: Do I want to master money? Do I want to understand it? Do I want to grow with it?"
"Most people have a dysfunctional relationship with money. If we want to be in the wealth game and build financial independence, we need a positive money mindset and a relationship where we enjoy spending time with it."
Resources Mentioned
Real Estate Investing Women Podcast - https://realestateinvestingwomen.com/
Connect with Krisstina
Website - https://wealthywellthy.life/
Instagram - https://www.instagram.com/krisstinawise
YouTube - https://www.youtube.com/@krisstinawise
Krisstina's Book, Falling For Money - https://www.amazon.com/dp/0692560904/
Thank you.
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