3 Lies You've Been Told That Are Holding Back Your Wealth
The Chris Harder Show
Chris Harder
4.9 • 1.5K Ratings
🗓️ 16 January 2023
⏱️ 19 minutes
🧾️ Download transcript
Summary
When it comes to money mindset, a lot of us take advice from well-meaning people or institutions that want to keep us small. I'm breaking down three myths that might be holding you back financially, including why your money shouldn't be sitting in a savings account, how to tell the difference between good and bad debt, and why you shouldn't be racing to pay off your mortgage. There are so many ways to start putting your money to work, but it all starts with your beliefs about what's possible for you and your financial health.
IN THIS EPISODE, WE TALK ABOUT:
- The reality of the disappearing middle class
- The lie that big banks sold to us about savings accounts
- Examples of strategic debt and consumer debt
- My rule of thumb for measuring how much monthly debt you can responsibly handle
- Why I tell homeowners to skip the double mortgage payments and invest that money into something that will give them a far bigger return
RESOURCES
- Text DAILY to 310-421-0416 to get daily Money Mantras or Business Perspective messages to boost your day.
CONNECT WITH CHRIS
Follow Me: @chriswharder
Visit My Website: https://chrisharder.me
EPISODE TIMELINE
(1:16) Welcome back to The Chris Harder Show. Today, Chris is covering three financial myths that might be holding you back from achieving your wealth goals.
(2:01) Chris talks about the future of the American middle class.
(4:20) The first myth is that the best place for you to save money is in a savings account.
(6:10) The second myth is that all debt is bad.
(10:33) The third myth is that you should pay your mortgage off as fast as possible.
(16:19) Chris recaps the three main points of the episode.
(17:33) Text DAILY to 310-421-0416 to get on Chris's text list and receive daily positive money mantras or business advice.
(18:17) Chris asks listeners to share the podcast and leave a 5-star review.
Transcript
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| 0:00.0 | I am not encouraging all of you to rush out, seek out debt, and then go stick it in a bunch of investments. |
| 0:06.0 | I'm encouraging you instead to get rid of the notion that all debt is bad, |
| 0:12.0 | to start learning when might it be helpful, |
| 0:16.0 | and to start very slowly and carefully utilizing it if you see the opportunity to do so. |
| 0:24.0 | Welcome everybody to the Chris Harder Show where we are making you unapologetic about your pursuit of success. |
| 0:34.0 | Knowing that when good people like you make good money they can then do great things. |
| 0:38.0 | My name is Chris Harder and several times per week I will bring you epic guests, solo episodes, |
| 0:44.0 | and every single tool trick and skill set you need to grow your business, grow your money mindset, |
| 0:48.0 | and to grow your wealth to levels that you have never reached before. |
| 0:52.0 | I've ended up in a unique place in life where I've got the experience, the connections, |
| 0:56.0 | and all of the secrets that it takes to be successful, and I'm lifting the curtain to reveal it all to you |
| 1:02.0 | in an effort to help put you in a position of abundance so great that you can then be as generous as possible. |
| 1:08.0 | So let's lock arms and let's get started. |
| 1:12.0 | Hey everybody, welcome back to the Chris Harder Show's Another Money Monday here |
| 1:18.0 | where we absolutely believe that both prosperity and generosity can and must coexist. |
| 1:22.0 | Alright, so today we're going to talk about three lies about your money or three myths, |
| 1:28.0 | three untruths, whatever you want to call it. |
| 1:30.0 | Three things that you've either heard that have been passed on to as good advice |
| 1:36.0 | or that very well-meaning people who love you and care about you have shared with you |
| 1:42.0 | but unfortunately just aren't true and worse than that. |
| 1:46.0 | It's not that they're just not true, but they're holding you back financially. |
| 1:52.0 | You know, there's an old saying that says if you follow middle class advice, |
... |
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