295. How to Invest Your Money the Right Way
The Fitness Business Podcast with Erin Dimond and Jordan Dugger
Erin Dimond and Jordan Dugger
4.6 • 667 Ratings
🗓️ 6 January 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
I might be a little biased for this episode but… I see it everyday. IFCA students struggling with money mindset issues but took a chance on themselves and have made back their investment plus a whole lot more in some instances. Warren Buffett even says the best investment he's ever made is in himself. Take a listen to what I'm talking about when it comes to investing your money especially if you're just starting out.
Topics Include:
- I… Am Not Pumped
- Quick Lesson
- Two Beliefs
- Saving vs Investing Money
- An Extra 10k
- Investing in IFCA
- Warren Buffett
- What We’ve Invested
- Next Episode
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Warren Buffett in the fourth quarter of 2021 earned $29 billion in his investments. |
| 0:07.0 | Okay. And one single quarter earned $29 billion. Yet when he's asked what's the best investment of all time, he always says investing in himself has its single highest ROI. |
| 0:19.9 | What is up, FitBiz podcast? I am pumped to come in here and talk to you today. |
| 0:25.2 | Actually, that's kind of a lie. Do you ever feel like, okay, you know, I've got to do this thing. |
| 0:31.8 | I'm ready to do this thing. And then there are just like cobwebs and you just, or net, you never feel |
| 0:37.2 | ready. I just had to hit record and you just, or you never feel ready. |
| 0:38.1 | I just had to hit record and say, speak. |
| 0:41.0 | Speak into the microphone. |
| 0:42.6 | You know what you want to say. |
| 0:43.7 | You know the message you want to get across. |
| 0:45.5 | And sometimes if you just think through it too much, you can psych yourself out. |
| 0:49.6 | I was just talking about and I have talking to an IFCA student about this she was trying to plan and |
| 0:55.8 | guide a way a sales call was going to go based off what she assumed about this prospect and like |
| 1:01.4 | the girl didn't seem like she had much weight to lose and what you know how's this going to go and |
| 1:06.0 | should I be prepared of the down sell and all these things and I'm like you're not going to know until |
| 1:09.5 | you get on the phone so just a lot of times here's a lesson that I'm sharing of just that I need to hear today. |
| 1:15.9 | A lot of times you just need to trust. The best thing you can do to prepare for something is to just |
| 1:21.0 | trust that you know what to say or that the thing is in you or you know the question to ask or that like you can just be there |
| 1:27.9 | because oftentimes trying to prep pulls us out of being present, right? And it just like allows our |
| 1:33.1 | momentum to come to a screeching hole. So anyway, I have some great things I want to share with |
| 1:36.9 | you today. They are very easy for me because they're beliefs, right? They're beliefs that are |
| 1:42.2 | at the top of my brain that I've had to work through. |
... |
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