July 9, 2025 • 29 mins
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What truly separates the wealthy from everyone else? Contrary to popular belief, it's rarely luck, inheritance, or even intelligence—it's mindset. The wealthiest individuals attribute their success not to financial windfalls but to fundamental differences in how they approach money, time, and opportunity.
This eye-opening exploration reveals eight powerful mindset shifts that drive wealth creation, regardless of your starting point. While society often portrays wealth as something exclusively reserved for the privileged, these mental frameworks can be adopted by anyone willing to think differently—starting right now.
Discover why wealthy people never wait for permission to pursue their dreams, how they transform their relationship with money from taboo to tool, and why they're unafraid to ask questions when facing unfamiliar financial concepts. Learn the profound impact of valuing your time like an asset, speaking the language of wealth, and playing the long game when others chase quick rewards.
Most importantly, you'll understand why trying to excel at everything actually undermines success, and how strategic rest accelerates wealth building rather than hindering it. These insights aren't just theoretical—they're practical mindset shifts you can implement immediately, regardless of your current financial situation.
Whether you're just beginning your financial journey or looking to accelerate your wealth-building process, these perspective shifts will transform how you view money and success. The path to financial freedom isn't about starting with advantages—it's about adopting the mental patterns that naturally generate abundance.
Ready to rethink what wealth truly means? Share this episode with someone who needs these insights, and together let's build a community committed to growth, support, and evolving into our fullest potential. The journey to your best self starts with transforming your mindset.
Warm regards,
Fabio Posca | Journey to Success
Join the Journey to Success Club Now!
Check out my Podcast
Collaboration: info@fabioposca.com
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Did you know that the most affluent individuals, guys
, often accredit their successto a satisfaction mindset rather
than just financial gain?
I am fascinated by thedifferences in conversations
between the rich and poor people.
(00:21):
Wealthiness, guys, in a moregeneral sense, is not just about
money, all right.
While we often talk aboutpeople who are born into wealth
or those who win the lottery,for example, or individuals,
people who go viral on socialmedia, the truth is that
(00:43):
richness is not only defined byfinancial status.
It's about mindset.
It is being surrounded by theright people at the right time
and learning different thingsbeyond the average experience.
So even most people who areborn into wealth and receive
(01:05):
different forms of educationhave more advantages than a
medium, average person.
Guys, okay, but does that makethem better or unique?
Perhaps absolutely not, ofcourse not.
Each background has its prosand cons, of course, but it is
interesting to observe howwealthy people differ in their
(01:29):
mindset.
So today we're going to exploresome of their secrets and bring
these insights to people whostart from scratch, like you
guys, like us, helping us togain advantages that can finally
shift our lives for the better.
Hi guys, my name is Fabio fromJourney to Success and Wellcome.
(01:52):
In this episode, we will explorethe secrets behind building a
life of true fulfillment and themindset regarding wealth, often
ignored by us, since, you know,we think it is always about
luck and family status.
Well, it is not always likethat.
A certain type of behavior istypically familiar only to
(02:14):
wealth people who use thisbehavior to cultivate and
improve their financial statusand improve their financial
status.
So the positive aspect is thatmany of these habits and
strategies can be adopted fromus, even if you have limited
financial resources, and that iswhat we're going to talk about
(02:36):
today.
But before to go forward, asalways, please subscribe.
So I know this is the rightdirection to lead you guys, to
drive you, to guide you towardsyour journey to success, and
let's get started.
All right, as always, let's getstarted.
This is a very, very beautifulepisode.
So many people who struggle tounderstand the wealth mindset
(03:03):
pursue money, thinking it willbring them happiness, and this,
of course, is the first mistake,because you know they usually
end up feeling empty anddisappointed.
Why is that?
What is the reason?
The reason is because it's notabout the money itself.
Money is just an asset.
For example, when you buy ahouse house right you get an
(03:25):
asset that can be used invarious ways.
You can sell the house, you canrent it, you can make the party
, you can destroy the house, andit is the same in this case.
You can use money for good orbad things to improve your mind,
for example, or to fulfill yourego.
But also, there is a lot todiscuss here, because in our
(03:51):
modern era, you don't need tospend a fortune to receive a
good educational wealth.
Money can help anyway for sure.
For example, I was consideringtaking a life coaching course,
and instead of spending fourthousand dollars on a course
from tony robbins uh, sincemaybe it's too much right now,
(04:13):
uh, my idea was just to registerin a in one of, uh, one of the
courses on udemy for less than50 dollars, or even as low as $9
with discounts.
You know what I mean, generallyspeaking, without looking at so
many layers, right?
The key point is that asignificant amount of money can
(04:35):
lead you to a different path inlife in a shorter time, of
course, but at the same time,meanwhile, you can make
different choices that lead youanyway to the same time.
Meanwhile, you can makedifferent choices that lead you
anyway to the same path, even ifin a different time age.
(04:55):
Another example right Right nowI'm also investing in copy
trading and sometimes I'm like,oh, I wish to invest $1,000 per
month.
Why?
Because $1,000 per month isquite different from, let's say,
investing $100 monthly over thelong term.
Do you see what I mean?
(05:17):
Probably, with $1,000 per month, I would reach a certain good
amount in a few years, whilewith $100, I would receive maybe
the same amount in 10 or 15years.
So I can always unlock successor the way I think about
(05:44):
financial freedom, but the time,of course, can be different or
not.
It depends.
As I say, there are differentlayers here, so let's continue.
You can also be a benefactor.
Let's say that you come from alow income background, right, so
(06:06):
you might choose to help others.
You can use money for bettereducation for your children,
more vacations or, in my case,to spend more time with my
family, especially since I livein the Netherlands and they
don't.
So, as you can see, money canbe used for so many good things.
However, it's essential torecognize that money can also be
(06:27):
misapplied.
You can arm your body with itor become extremely attached to
your wealth, which can bedangerous to your mindset.
You can buy material possessionthat can lead to satisfy your
material satisfaction in a fastway that eventually results in a
(06:51):
feeling of emptiness.
So this is why it's crucial tohave the right mindset when it
comes to money.
It is an important asset thatcan only be controlled properly
if you have a good mindset right.
So it is better to build wealthwhere your mindset is fulfilled
rather than just getting lucky,gaining money and then spending
(07:12):
all within a year because of animproper mindset.
Think of it as a cycle.
Let's call it like the mindsetworld cycle.
I don't know.
It's really a continuous loopthat you can use to your
advantage if you associatewealth with a good mindset.
Now, according to Chesire Fagan,the co-founder and CEO of the
(07:34):
Financial Diet, here I show youeight ways.
Wealthy people differ from therest of us, but the truth is
that if you learn these eightways, regardless if you have
money or not, these ways aregoing to put you in a good
(07:57):
advantage and short your time toachieve your financial freedom.
That's the reason I ask you towait.
You know, because there aredifferent layers here when we
talk about how to build a lifeof true fulfillment based off,
(08:18):
you know, of these secrets?
Let's call it secrets.
So let's start.
Eight ways wealthy peoplediffer from the rest of us.
The first point is that theydon't wait for approval.
Guys, from early childhood weare taught to seek approval to
pursue our desires, our dreams.
(08:40):
But what happened then?
Well, when we become adults, webelieve we still require
permission to pursue ourinspirations, our dreams, and
then we never do.
But wealthy people definitelycan change their perspective
(09:00):
from seeking permission tohaving control over what they
want and how to achieve them, sothey have a proper plan, a
proper direction.
I notice in the, let's say,poor people, in the
medium-average mindset, that oneof the first obstacles is
(09:23):
actually the lack of direction.
I remember, in my case, even ifI knew how to be persistent,
how to be consistent, how to bedisciplined, etc.
Etc.
The truth is that I didn't havea proper plan.
I didn't know how to narrow mydirection.
The more you narrow yourdirection, the better you
(09:45):
achieve your success, yourfinancial freedom.
Okay, this is my advice basedoff of my experience.
Number two money is not a badthing.
Generally, we believe thatdiscussing money is a wrong
thing.
Right, there is a fear thatpeople might jinx your financial
status or financial situation,or that money is naturally evil.
(10:10):
You know, I often hear my momsay don't make too much money.
It's not good In Italian, ofcourse, non fare tanti soldi.
But why?
Why should money be consideredsomething good or bad?
Right, think about it.
It's just paper or digitalassets that can be used for both
(10:30):
positive and negative purposes.
So the truth is that the morewe talk about money, the wider
our understanding of wealth canbecome, particularly when we
connect with people who have abetter understanding of
financial topics, more than us.
So let's talk about it withthese people, okay, with the
(10:51):
right people.
Of course.
You might be surprised how muchgood can come from these
discussions, guys.
Number three wealthy peopleoften seek help when they don't
understand something.
Consider this if you discussmoney with someone who has a
medium average mindset, theylisten at your conversation, all
(11:14):
right, they up their shouldersand they go forward with their
life as if nothing happens.
Uh, let me clarify, guys.
I don't mean to indicate thatthese people are stupid, but
more like that.
They are simply people whohaven't been exposed to this
financial world.
Alright, I come from abackground where my mother, a
(11:36):
housewife, decided to start workin Switzerland very late to
support my father, a humbleconstruction worker.
When other people think aboutretirement, they're still
working very late to support myfather, a humble construction
worker.
When other people think aboutretirement, they're still
working.
So for them, the belief youknow, the initial belief was
(11:59):
that a better degree leads to abetter job, because they didn't
know better and they only knewhow to sacrifice themselves, and
I'm so sorry about it.
However, in my life, I havealways seen things differently.
I've noticed that the truth isa bit different.
I've often been curious abouthow some people achieve great
(12:21):
wealth regardless of theireducation.
How can Briatore, for example,an Italian entrepreneur with
just a diploma, have a net worthright now of 400 millions?
How is that possible?
And also, I would like to talkabout the concept that I said
(12:41):
before about the time.
Right?
Yes, of course, if you have agreat mindset, let's say, a
great financial mindset.
Right, a great education, andthat, at the same time, you have
a great financial status.
(13:01):
Right, of course, you canduplicate, triplicate,
quadruplicate your money.
Yeah, of course, quadruplicateyour money.
Yeah, of course.
But at the same time, if youdon't have a great mindset in
terms of financial situations,even if your financial status is
(13:23):
good, then I tell you, anyway,there is going to be always a
briatore who starts from scratch, working as I think he was
working as a waiter or somethinglike that, who can invest in
(13:46):
some opportunity and makes moremoney than you Maybe not today,
maybe not tomorrow, you know,but it's going to reach you,
it's going to overcome you.
The challenge is that whenyou're surrounded by people like
I was right, like I'm still ina sense because I'm still
(14:08):
learning, it can be difficult tomeet people with a wealth
mindset.
Of course, the moment you meetthese people is the moment you
speed up, so you have toactively looking around and
interact with the rightindividuals and, lastly, you
will find yourself among peoplewho possess knowledge about
(14:29):
wealth and financial mindset.
And this is going to be great,you know, because you can
finally understand how worksthis world.
But let's say, even then, youmay still feel uncertain about
topics that no one taught you.
Why you?
(14:54):
Why?
Because there is so much lackof knowledge between wealthy
people and the people who wantto learn how to become wealthy.
So my advice is that it'simportant to not be arrogant.
Instead, be curious.
Guys Ask questions.
This enthusiasm to learn is whatwealthy people do when they
discover something they don'tknow.
(15:14):
Also between them, especiallybetween them.
In contrast, if you talk tosomeone with a medium-average
mindset about money, as I saidbefore, they may simply listen
to your conversation up theshoulders and continue with
their lives.
That's a huge difference, okay,and of course, then you are not
(15:35):
going to learn.
And if you're not going tolearn, then this gap between you
that you want to become wealthyand the wealthy person becomes
bigger, more big.
You know, bigger and bigger.
Okay.
Number four their value is theirtime.
(15:56):
So, in general, I believe Ilearned more about money from
Scrooge McDuck in Mickey Mousethan I did in school.
In school, I didn't learnanything about money.
No one learned anything aboutmoney, of course, because, yeah,
it's not convenient for thissociety, but this is not a
(16:17):
conversation.
Anyway, phrases like, you know,the early bird catches the worm
emphasize the importance ofstarting your day with a focus
on achieving success, but alsothe phrase you know, the famous
phrase of Scrooge McDuck time ismoney, time is money.
(16:41):
In Italian it was il tempo èdenaro, and it really is.
Time is money.
It is true, listen, I'm a gamerand is money.
It is true, listen, I'm a gamerand I enjoy anime and TV series
.
I'm a little nerd, you know.
It's important to take breaksalso, because always thinking
(17:01):
about how to reach a certainlevel of mindset and wellness
can be exhausting for your mind,so you need a break.
Can be exhausting for your mind, so you need a break.
I've noticed, guys, that beingsolely focused on making money
or growing a business can beunhealthy, and it may consume
your entire energy in a day ifyou don't know, of course, how
(17:23):
to handle it.
So it is essential to rechargeby engaging in your patience.
We often talk about this.
All right, of course, there areperiods and periods.
Right now I'm so busy I don'teven have time to go to the
toilet.
In a while, I know that, but Itry to maintain my energy, to
(17:46):
control it, to have a goodmindset about it.
But I also know that in a whileI need to rest.
In a while I need to recharge.
All right, and there is nothingwrong on that.
But but this is a big, big but.
It is also important to know toacknowledge that time is money
(18:10):
and money is time.
So the moment you stop activelyin pursuing your goals, guys,
is when you realize that nextmonth you will pay more for your
electricity, because challengesare always waiting at your door
, especially with this sad worldaround, and there is not so
much to do about it.
Okay, wealth individualsunderstand that every hour of
(18:38):
their life has value, as Fagansays, they stick to that value
while constantly trying toincrease it.
So, unfortunately, many of usdo not adopt this mindset.
So my advice is of course timeis money, money is time.
Of course your time is valuable.
Acknowledge that At the sametime, take breaks, relax.
(19:03):
You need that, you need torecharge, but acknowledge about
the fact that this can slow youdown.
There is nothing wrong on that,especially if you can avoid
burnout or feeling down.
We don't want that, becausethen you stop for real and it's
(19:25):
going to be a disaster.
So try to always maintain yourlevel energy as the best as you
can.
That's very important.
But, as I said, acknowledge.
Acknowledge, guys, that time isis truly valuable.
And, as I, as I said to youbefore, I'm a, I'm a gamer, I I
(19:47):
I like to anime, but sometimes Ialso have to understand the
balance between my hobbies, mypassions and my other passions,
that's the fact that I wouldlike to navigate in financial
freedom one day.
(20:07):
All right.
Number five they speak thelanguage of money.
It is like that there isnothing to say.
When you talk about footballwith your neighbor who is
passionate about the sport, youexpect a dynamic conversation,
maybe over a beer.
You know where.
Everything he says seemspersonal, as if he owns the team
(20:28):
, the football team.
If you discuss gaming withsomeone else, you could spend
hours discussing the fact thatXbox is better than PlayStation
or vice versa.
However, conversations aboutmoney with someone who
understands the topics tend tobe calmer A silent brainstorming
session where both sides seekto learn from each other.
(20:51):
The language of money has adifferent approach and manner of
discussion.
It's more calm, it's deeper,it's very, very deep, and both
the people are very careful tolearn from each other.
Number six they understand thatmoney is a long game.
(21:12):
So people with this mindsetunderstand that making money is
a long game.
People with a poor mindset oftenwant to achieve wealth fastly.
So they see rich people, youknow, with fancy cars and
beautiful careers, and want thesame for themselves as soon as
possible.
However, of course, it doesn'twork that way, okay, especially
(21:35):
with the rise of social media.
Many believe they can becomerich straight away Also myself,
maybe unconsciously, years ago.
It's not about that, you know.
It's not about having I don'tknow the right tools or desires.
Yes, of course the right toolis important, the desire is
important, but it's moreimportant the direction, the
(21:57):
persistence, the discipline, theconsistency and, most
importantly, patience.
You need to be patient, guys.
All right, patience isimportant and direction is
important.
It's very important to not havea lack of direction.
(22:18):
So wealth individuals recognizethat building wealth from
scratch is a long term work andbut also, let's be honest, if
you consistently do the rightthings over time, between ups
and down, of course, you willachieve your financial goals.
You will achieve your dreamsanyway.
(22:41):
In this podcast, I never talkproperly about only financial
goals.
You know it's journey tosuccess.
Success can be anything foreveryone.
Let's say, in this contest, inthis specific topic, we are
talking about financial goals,right, but it can be anything
else, of course.
(23:02):
The truth is that you need tobe patient and we're not.
We're not, but we must, weshould not.
We're not, but we must, weshould.
As Fagan says, the choice is notbetween this $5 Starbucks that
(23:22):
will make me happy or this $5 ina sad bank account make me feel
sad.
The choice is between this $5Starbucks today or the hundreds
of dollars as the potential tobecome my retirement one day.
See, we're talking about along-term game, because, of
course, it's not about thepresent in a general sense, you
(23:50):
know.
So you can buy now a $5Starbucks.
I don't even know what you canbuy with $5 in Starbucks, but
that's another argument.
Know what you can buy with fivedollars in starbucks, but
that's not argument.
Uh, but you can also investthat five dollars for a book
who's gonna be impactful foryour life and it's gonna make
hundreds and hundreds of uh,maybe millions of dollars one
(24:11):
day.
You know, uh, but the the pointis that everyone has his choice
and any choice has consequences, so we don't have to cry about
it.
So, as we said before, it's notabout good and bad.
It's more about being consciousof how you want to use your
money.
All right.
Number seven the outsource guys.
(24:32):
Outsource, outsource, outsource.
So many people, including myself, often believe they need to
excel in everything to achievetheir goals.
Right, for example, if you wantto become a life coach, you
might find yourself trying torun ads.
You know?
Build a website, a landing page, learn copywriting to attract
the right clients.
However, these mindsets can bepoor.
(24:54):
The truth is that it isessential to focus on what you
truly believe and what you arecapable of.
So, if you have a talent, workon improving it.
If you lack a natural talent,but you are still passionate
about it, invest the effort todevelop a specific skill, master
(25:14):
it and make sure it becomesyour talent through errors, ups
and downs and victories.
And for anything else,outsource it.
Guys, you have to outsource.
Do you really think that TonyRobbins I don't know or Grant
Cardone are better at everythingthey do?
Absolutely not, of course not.
They've mastered specificfields and they delegate the
(25:38):
rest to their team.
Okay, of course we don't havetheir money.
We know that we are not wealthy, and that's the reason.
In the beginning, you may needto handle some tasks or tools on
your own, including challengesand success along the way.
Okay, that are not directlyrelated to your field, and that
(26:01):
is absolutely normal.
It's normal, right.
However, remember that one dayyou need to delegate, especially
as you become busier and moreinfluential in your life
regarding what you do and yourprimary choice about which
person you want to become oneday.
Number eight they know theimportance of recharging.
(26:25):
Successful people alsounderstand the importance of
recharging.
This is something I oftenstrangle, but it is fundamental.
If you don't take breaks, ifyou don't relax with friends, if
you don't cultivate yourpatience, or even if you don't
take a moment to look out thewindow right, smile and go for a
walk, you will end up stressedand empty like a bottle with
(26:48):
just a few drops of water leftfor your daily project.
I tell you, the less you do,the more you do so, the more you
accomplish.
In the contrary, the more youdo, the less you do so, the less
effectively you perform.
So it's better to workconsistently for just one or two
hours a day on your projectrather than putting in a lot of
(27:12):
hours over a few days or week orto become, you know,
overwhelmed and do less overtimeuntil you reach burnout or you
reach the end of your energy, abreaking point.
So you have to understand thatof course, we have our periods
also.
Right now myself, I'm very,very busy.
As I said before, you also haveto understand how to understand
(27:36):
your energy level.
But, but generally, it'simportant to recharge.
Now I want to hear from you whatmindset shift or new
perspective about wealth are youstarting to embrace.
Drop a comment below and let'sstart a real conversation about
transforming our relationshipwith money and fulfillment.
(27:56):
If this episode spoke to youguys, don't keep it to yourself.
Share it with someone who'sready to rethink what is wealth,
all right.
Someone who is ready to growtheir mindset and change their
story.
Following is great.
So if you like to subscribe,it's good, but sharing is what
sparks real change.
So share it.
(28:17):
Share it.
Share it Together.
We are going to build abeautiful community that learns,
supports and evolves.
Thank you for listening tojourney to success.
Every step you take toward aricher mindset is a step closer
to your fullest potential.
Guys, that's the true wealth.
Appreciate you all.
Until next time, stay mindful,stay curious and keep growing
(28:40):
into your best self.
Cheers.
Did you know that the most affluent individuals, guys
, often accredit their successto a satisfaction mindset rather
than just financial gain?
I am fascinated by thedifferences in conversations
between the rich and poor people.
(00:21):
Wealthiness, guys, in a moregeneral sense, is not just about
money, all right.
While we often talk aboutpeople who are born into wealth
or those who win the lottery,for example, or individuals,
people who go viral on socialmedia, the truth is that
(00:43):
richness is not only defined byfinancial status.
It's about mindset.
It is being surrounded by theright people at the right time
and learning different thingsbeyond the average experience.
So even most people who areborn into wealth and receive
(01:05):
different forms of educationhave more advantages than a
medium, average person.
Guys, okay, but does that makethem better or unique?
Perhaps absolutely not, ofcourse not.
Each background has its prosand cons, of course, but it is
interesting to observe howwealthy people differ in their
(01:29):
mindset.
So today we're going to exploresome of their secrets and bring
these insights to people whostart from scratch, like you
guys, like us, helping us togain advantages that can finally
shift our lives for the better.
Hi guys, my name is Fabio fromJourney to Success and Wellcome.
(01:52):
In this episode, we will explorethe secrets behind building a
life of true fulfillment and themindset regarding wealth, often
ignored by us, since, you know,we think it is always about
luck and family status.
Well, it is not always likethat.
A certain type of behavior istypically familiar only to
(02:14):
wealth people who use thisbehavior to cultivate and
improve their financial statusand improve their financial
status.
So the positive aspect is thatmany of these habits and
strategies can be adopted fromus, even if you have limited
financial resources, and that iswhat we're going to talk about
(02:36):
today.
But before to go forward, asalways, please subscribe.
So I know this is the rightdirection to lead you guys, to
drive you, to guide you towardsyour journey to success, and
let's get started.
All right, as always, let's getstarted.
This is a very, very beautifulepisode.
So many people who struggle tounderstand the wealth mindset
(03:03):
pursue money, thinking it willbring them happiness, and this,
of course, is the first mistake,because you know they usually
end up feeling empty anddisappointed.
Why is that?
What is the reason?
The reason is because it's notabout the money itself.
Money is just an asset.
For example, when you buy ahouse house right you get an
(03:25):
asset that can be used invarious ways.
You can sell the house, you canrent it, you can make the party
, you can destroy the house, andit is the same in this case.
You can use money for good orbad things to improve your mind,
for example, or to fulfill yourego.
But also, there is a lot todiscuss here, because in our
(03:51):
modern era, you don't need tospend a fortune to receive a
good educational wealth.
Money can help anyway for sure.
For example, I was consideringtaking a life coaching course,
and instead of spending fourthousand dollars on a course
from tony robbins uh, sincemaybe it's too much right now,
(04:13):
uh, my idea was just to registerin a in one of, uh, one of the
courses on udemy for less than50 dollars, or even as low as $9
with discounts.
You know what I mean, generallyspeaking, without looking at so
many layers, right?
The key point is that asignificant amount of money can
(04:35):
lead you to a different path inlife in a shorter time, of
course, but at the same time,meanwhile, you can make
different choices that lead youanyway to the same time.
Meanwhile, you can makedifferent choices that lead you
anyway to the same path, even ifin a different time age.
(04:55):
Another example right Right nowI'm also investing in copy
trading and sometimes I'm like,oh, I wish to invest $1,000 per
month.
Why?
Because $1,000 per month isquite different from, let's say,
investing $100 monthly over thelong term.
Do you see what I mean?
(05:17):
Probably, with $1,000 per month, I would reach a certain good
amount in a few years, whilewith $100, I would receive maybe
the same amount in 10 or 15years.
So I can always unlock successor the way I think about
(05:44):
financial freedom, but the time,of course, can be different or
not.
It depends.
As I say, there are differentlayers here, so let's continue.
You can also be a benefactor.
Let's say that you come from alow income background, right, so
(06:06):
you might choose to help others.
You can use money for bettereducation for your children,
more vacations or, in my case,to spend more time with my
family, especially since I livein the Netherlands and they
don't.
So, as you can see, money canbe used for so many good things.
However, it's essential torecognize that money can also be
(06:27):
misapplied.
You can arm your body with itor become extremely attached to
your wealth, which can bedangerous to your mindset.
You can buy material possessionthat can lead to satisfy your
material satisfaction in a fastway that eventually results in a
(06:51):
feeling of emptiness.
So this is why it's crucial tohave the right mindset when it
comes to money.
It is an important asset thatcan only be controlled properly
if you have a good mindset right.
So it is better to build wealthwhere your mindset is fulfilled
rather than just getting lucky,gaining money and then spending
(07:12):
all within a year because of animproper mindset.
Think of it as a cycle.
Let's call it like the mindsetworld cycle.
I don't know.
It's really a continuous loopthat you can use to your
advantage if you associatewealth with a good mindset.
Now, according to Chesire Fagan,the co-founder and CEO of the
(07:34):
Financial Diet, here I show youeight ways.
Wealthy people differ from therest of us, but the truth is
that if you learn these eightways, regardless if you have
money or not, these ways aregoing to put you in a good
(07:57):
advantage and short your time toachieve your financial freedom.
That's the reason I ask you towait.
You know, because there aredifferent layers here when we
talk about how to build a lifeof true fulfillment based off,
(08:18):
you know, of these secrets?
Let's call it secrets.
So let's start.
Eight ways wealthy peoplediffer from the rest of us.
The first point is that theydon't wait for approval.
Guys, from early childhood weare taught to seek approval to
pursue our desires, our dreams.
(08:40):
But what happened then?
Well, when we become adults, webelieve we still require
permission to pursue ourinspirations, our dreams, and
then we never do.
But wealthy people definitelycan change their perspective
(09:00):
from seeking permission tohaving control over what they
want and how to achieve them, sothey have a proper plan, a
proper direction.
I notice in the, let's say,poor people, in the
medium-average mindset, that oneof the first obstacles is
(09:23):
actually the lack of direction.
I remember, in my case, even ifI knew how to be persistent,
how to be consistent, how to bedisciplined, etc.
Etc.
The truth is that I didn't havea proper plan.
I didn't know how to narrow mydirection.
The more you narrow yourdirection, the better you
(09:45):
achieve your success, yourfinancial freedom.
Okay, this is my advice basedoff of my experience.
Number two money is not a badthing.
Generally, we believe thatdiscussing money is a wrong
thing.
Right, there is a fear thatpeople might jinx your financial
status or financial situation,or that money is naturally evil.
(10:10):
You know, I often hear my momsay don't make too much money.
It's not good In Italian, ofcourse, non fare tanti soldi.
But why?
Why should money be consideredsomething good or bad?
Right, think about it.
It's just paper or digitalassets that can be used for both
(10:30):
positive and negative purposes.
So the truth is that the morewe talk about money, the wider
our understanding of wealth canbecome, particularly when we
connect with people who have abetter understanding of
financial topics, more than us.
So let's talk about it withthese people, okay, with the
(10:51):
right people.
Of course.
You might be surprised how muchgood can come from these
discussions, guys.
Number three wealthy peopleoften seek help when they don't
understand something.
Consider this if you discussmoney with someone who has a
medium average mindset, theylisten at your conversation, all
(11:14):
right, they up their shouldersand they go forward with their
life as if nothing happens.
Uh, let me clarify, guys.
I don't mean to indicate thatthese people are stupid, but
more like that.
They are simply people whohaven't been exposed to this
financial world.
Alright, I come from abackground where my mother, a
(11:36):
housewife, decided to start workin Switzerland very late to
support my father, a humbleconstruction worker.
When other people think aboutretirement, they're still
working very late to support myfather, a humble construction
worker.
When other people think aboutretirement, they're still
working.
So for them, the belief youknow, the initial belief was
(11:59):
that a better degree leads to abetter job, because they didn't
know better and they only knewhow to sacrifice themselves, and
I'm so sorry about it.
However, in my life, I havealways seen things differently.
I've noticed that the truth isa bit different.
I've often been curious abouthow some people achieve great
(12:21):
wealth regardless of theireducation.
How can Briatore, for example,an Italian entrepreneur with
just a diploma, have a net worthright now of 400 millions?
How is that possible?
And also, I would like to talkabout the concept that I said
(12:41):
before about the time.
Right?
Yes, of course, if you have agreat mindset, let's say, a
great financial mindset.
Right, a great education, andthat, at the same time, you have
a great financial status.
(13:01):
Right, of course, you canduplicate, triplicate,
quadruplicate your money.
Yeah, of course, quadruplicateyour money.
Yeah, of course.
But at the same time, if youdon't have a great mindset in
terms of financial situations,even if your financial status is
(13:23):
good, then I tell you, anyway,there is going to be always a
briatore who starts from scratch, working as I think he was
working as a waiter or somethinglike that, who can invest in
(13:46):
some opportunity and makes moremoney than you Maybe not today,
maybe not tomorrow, you know,but it's going to reach you,
it's going to overcome you.
The challenge is that whenyou're surrounded by people like
I was right, like I'm still ina sense because I'm still
(14:08):
learning, it can be difficult tomeet people with a wealth
mindset.
Of course, the moment you meetthese people is the moment you
speed up, so you have toactively looking around and
interact with the rightindividuals and, lastly, you
will find yourself among peoplewho possess knowledge about
(14:29):
wealth and financial mindset.
And this is going to be great,you know, because you can
finally understand how worksthis world.
But let's say, even then, youmay still feel uncertain about
topics that no one taught you.
Why you?
(14:54):
Why?
Because there is so much lackof knowledge between wealthy
people and the people who wantto learn how to become wealthy.
So my advice is that it'simportant to not be arrogant.
Instead, be curious.
Guys Ask questions.
This enthusiasm to learn is whatwealthy people do when they
discover something they don'tknow.
(15:14):
Also between them, especiallybetween them.
In contrast, if you talk tosomeone with a medium-average
mindset about money, as I saidbefore, they may simply listen
to your conversation up theshoulders and continue with
their lives.
That's a huge difference, okay,and of course, then you are not
(15:35):
going to learn.
And if you're not going tolearn, then this gap between you
that you want to become wealthyand the wealthy person becomes
bigger, more big.
You know, bigger and bigger.
Okay.
Number four their value is theirtime.
(15:56):
So, in general, I believe Ilearned more about money from
Scrooge McDuck in Mickey Mousethan I did in school.
In school, I didn't learnanything about money.
No one learned anything aboutmoney, of course, because, yeah,
it's not convenient for thissociety, but this is not a
(16:17):
conversation.
Anyway, phrases like, you know,the early bird catches the worm
emphasize the importance ofstarting your day with a focus
on achieving success, but alsothe phrase you know, the famous
phrase of Scrooge McDuck time ismoney, time is money.
(16:41):
In Italian it was il tempo èdenaro, and it really is.
Time is money.
It is true, listen, I'm a gamerand is money.
It is true, listen, I'm a gamerand I enjoy anime and TV series
.
I'm a little nerd, you know.
It's important to take breaksalso, because always thinking
(17:01):
about how to reach a certainlevel of mindset and wellness
can be exhausting for your mind,so you need a break.
Can be exhausting for your mind, so you need a break.
I've noticed, guys, that beingsolely focused on making money
or growing a business can beunhealthy, and it may consume
your entire energy in a day ifyou don't know, of course, how
(17:23):
to handle it.
So it is essential to rechargeby engaging in your patience.
We often talk about this.
All right, of course, there areperiods and periods.
Right now I'm so busy I don'teven have time to go to the
toilet.
In a while, I know that, but Itry to maintain my energy, to
(17:46):
control it, to have a goodmindset about it.
But I also know that in a whileI need to rest.
In a while I need to recharge.
All right, and there is nothingwrong on that.
But but this is a big, big but.
It is also important to know toacknowledge that time is money
(18:10):
and money is time.
So the moment you stop activelyin pursuing your goals, guys,
is when you realize that nextmonth you will pay more for your
electricity, because challengesare always waiting at your door
, especially with this sad worldaround, and there is not so
much to do about it.
Okay, wealth individualsunderstand that every hour of
(18:38):
their life has value, as Fagansays, they stick to that value
while constantly trying toincrease it.
So, unfortunately, many of usdo not adopt this mindset.
So my advice is of course timeis money, money is time.
Of course your time is valuable.
Acknowledge that At the sametime, take breaks, relax.
(19:03):
You need that, you need torecharge, but acknowledge about
the fact that this can slow youdown.
There is nothing wrong on that,especially if you can avoid
burnout or feeling down.
We don't want that, becausethen you stop for real and it's
(19:25):
going to be a disaster.
So try to always maintain yourlevel energy as the best as you
can.
That's very important.
But, as I said, acknowledge.
Acknowledge, guys, that time isis truly valuable.
And, as I, as I said to youbefore, I'm a, I'm a gamer, I I
(19:47):
I like to anime, but sometimes Ialso have to understand the
balance between my hobbies, mypassions and my other passions,
that's the fact that I wouldlike to navigate in financial
freedom one day.
(20:07):
All right.
Number five they speak thelanguage of money.
It is like that there isnothing to say.
When you talk about footballwith your neighbor who is
passionate about the sport, youexpect a dynamic conversation,
maybe over a beer.
You know where.
Everything he says seemspersonal, as if he owns the team
(20:28):
, the football team.
If you discuss gaming withsomeone else, you could spend
hours discussing the fact thatXbox is better than PlayStation
or vice versa.
However, conversations aboutmoney with someone who
understands the topics tend tobe calmer A silent brainstorming
session where both sides seekto learn from each other.
(20:51):
The language of money has adifferent approach and manner of
discussion.
It's more calm, it's deeper,it's very, very deep, and both
the people are very careful tolearn from each other.
Number six they understand thatmoney is a long game.
(21:12):
So people with this mindsetunderstand that making money is
a long game.
People with a poor mindset oftenwant to achieve wealth fastly.
So they see rich people, youknow, with fancy cars and
beautiful careers, and want thesame for themselves as soon as
possible.
However, of course, it doesn'twork that way, okay, especially
(21:35):
with the rise of social media.
Many believe they can becomerich straight away Also myself,
maybe unconsciously, years ago.
It's not about that, you know.
It's not about having I don'tknow the right tools or desires.
Yes, of course the right toolis important, the desire is
important, but it's moreimportant the direction, the
(21:57):
persistence, the discipline, theconsistency and, most
importantly, patience.
You need to be patient, guys.
All right, patience isimportant and direction is
important.
It's very important to not havea lack of direction.
(22:18):
So wealth individuals recognizethat building wealth from
scratch is a long term work andbut also, let's be honest, if
you consistently do the rightthings over time, between ups
and down, of course, you willachieve your financial goals.
You will achieve your dreamsanyway.
(22:41):
In this podcast, I never talkproperly about only financial
goals.
You know it's journey tosuccess.
Success can be anything foreveryone.
Let's say, in this contest, inthis specific topic, we are
talking about financial goals,right, but it can be anything
else, of course.
(23:02):
The truth is that you need tobe patient and we're not.
We're not, but we must, weshould not.
We're not, but we must, weshould.
As Fagan says, the choice is notbetween this $5 Starbucks that
(23:22):
will make me happy or this $5 ina sad bank account make me feel
sad.
The choice is between this $5Starbucks today or the hundreds
of dollars as the potential tobecome my retirement one day.
See, we're talking about along-term game, because, of
course, it's not about thepresent in a general sense, you
(23:50):
know.
So you can buy now a $5Starbucks.
I don't even know what you canbuy with $5 in Starbucks, but
that's another argument.
Know what you can buy with fivedollars in starbucks, but
that's not argument.
Uh, but you can also investthat five dollars for a book
who's gonna be impactful foryour life and it's gonna make
hundreds and hundreds of uh,maybe millions of dollars one
(24:11):
day.
You know, uh, but the the pointis that everyone has his choice
and any choice has consequences, so we don't have to cry about
it.
So, as we said before, it's notabout good and bad.
It's more about being consciousof how you want to use your
money.
All right.
Number seven the outsource guys.
(24:32):
Outsource, outsource, outsource.
So many people, including myself, often believe they need to
excel in everything to achievetheir goals.
Right, for example, if you wantto become a life coach, you
might find yourself trying torun ads.
You know?
Build a website, a landing page, learn copywriting to attract
the right clients.
However, these mindsets can bepoor.
(24:54):
The truth is that it isessential to focus on what you
truly believe and what you arecapable of.
So, if you have a talent, workon improving it.
If you lack a natural talent,but you are still passionate
about it, invest the effort todevelop a specific skill, master
(25:14):
it and make sure it becomesyour talent through errors, ups
and downs and victories.
And for anything else,outsource it.
Guys, you have to outsource.
Do you really think that TonyRobbins I don't know or Grant
Cardone are better at everythingthey do?
Absolutely not, of course not.
They've mastered specificfields and they delegate the
(25:38):
rest to their team.
Okay, of course we don't havetheir money.
We know that we are not wealthy, and that's the reason.
In the beginning, you may needto handle some tasks or tools on
your own, including challengesand success along the way.
Okay, that are not directlyrelated to your field, and that
(26:01):
is absolutely normal.
It's normal, right.
However, remember that one dayyou need to delegate, especially
as you become busier and moreinfluential in your life
regarding what you do and yourprimary choice about which
person you want to become oneday.
Number eight they know theimportance of recharging.
(26:25):
Successful people alsounderstand the importance of
recharging.
This is something I oftenstrangle, but it is fundamental.
If you don't take breaks, ifyou don't relax with friends, if
you don't cultivate yourpatience, or even if you don't
take a moment to look out thewindow right, smile and go for a
walk, you will end up stressedand empty like a bottle with
(26:48):
just a few drops of water leftfor your daily project.
I tell you, the less you do,the more you do so, the more you
accomplish.
In the contrary, the more youdo, the less you do so, the less
effectively you perform.
So it's better to workconsistently for just one or two
hours a day on your projectrather than putting in a lot of
(27:12):
hours over a few days or week orto become, you know,
overwhelmed and do less overtimeuntil you reach burnout or you
reach the end of your energy, abreaking point.
So you have to understand thatof course, we have our periods
also.
Right now myself, I'm very,very busy.
As I said before, you also haveto understand how to understand
(27:36):
your energy level.
But, but generally, it'simportant to recharge.
Now I want to hear from you whatmindset shift or new
perspective about wealth are youstarting to embrace.
Drop a comment below and let'sstart a real conversation about
transforming our relationshipwith money and fulfillment.
(27:56):
If this episode spoke to youguys, don't keep it to yourself.
Share it with someone who'sready to rethink what is wealth,
all right.
Someone who is ready to growtheir mindset and change their
story.
Following is great.
So if you like to subscribe,it's good, but sharing is what
sparks real change.
So share it.
(28:17):
Share it.
Share it Together.
We are going to build abeautiful community that learns,
supports and evolves.
Thank you for listening tojourney to success.
Every step you take toward aricher mindset is a step closer
to your fullest potential.
Guys, that's the true wealth.
Appreciate you all.
Until next time, stay mindful,stay curious and keep growing
(28:40):
into your best self.
Cheers.
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