317. Why We Invest 35-45k/ Month in Coaches + The One Thing That Keeps People Stuck in the Middle Class
The Fitness Business Podcast with Erin Dimond and Jordan Dugger
Erin Dimond and Jordan Dugger
4.9 • 670 Ratings
🗓️ 24 March 2022
⏱️ 14 minutes
🧾️ Download transcript
Summary
What almost kept me stuck in the middle class forever? Repeating old generational patterns and thinking I could do it all on my own. Now, I know this is the secret to continuous growth. I know it's scary but hopefully this episode will get you a step closer to investing more into yourself and the future you want.
Time Stamps:
(0:10) Stuck in the Middle Class
(1:45) Not Valuing Their Time
(2:30) Learned During My Divorce
(4:42) The Discount Person
(6:10) Breaking Parental Patterns
(11:51) What Will Happen When You Sign Up for IFCA
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Yo, what's up, FitBiz Podcast? Coming at you today with a short episode. I want to talk to you |
| 0:04.9 | a little bit about the exact reason that people get stuck in the middle class. And the reason is |
| 0:12.8 | because they are of the mindset of, I'll just see if I can get by with the free trial. I'll just |
| 0:19.0 | see if I can do this on my own. I'll see if I can pay |
| 0:22.7 | the bare minimum and then leverage my time and things I don't know to do things, right? So let's |
| 0:30.7 | talk a little bit about that. So I was always the, I'll see if I can get by with the free trial. |
| 0:36.9 | Like it was embarrassing how little |
| 0:38.4 | money I was willing to spend. And I think money mindset, spending money, understanding that when |
| 0:43.7 | you put it out, it comes back and where to actually invest money, you know, it doesn't happen |
| 0:48.9 | overnight, but the more you do it, the more it compounds. So I went from being the girl who |
| 0:54.1 | wouldn't spend more |
| 0:54.8 | than $30 a week at the grocery store to now we spend 30 to 40 grand per month on mentorship |
| 1:03.6 | for our business. So I was always that I'll see if I can get by, but on my own. And not just with like the apps or subscriptions |
| 1:12.9 | or whatever would give me a free trial, but literally everything because I was really of the frame |
| 1:18.0 | of mind that everything you ever want to learn can be learned on the internet. And you know what? |
| 1:23.0 | That's true. Everything you ever want to learn. It's in a book, it's in a podcast. You can find it |
| 1:29.0 | for free or next to nothing. So why the fuck would you pay for those things? That's |
| 1:33.1 | just how I used to think. It's like if I can get it for free, if I can get it for |
| 1:37.0 | cheaper, why wouldn't I? You know? And when people do that, it's because they don't |
| 1:42.1 | value their time. Let me say that again. When people do that, it's because they don't value their time. |
| 1:45.5 | Let me say that again. When people do that, it's because they don't value their time. |
| 1:49.0 | Now, if you ask a CEO, a millionaire, a high leveraged, high net worth person, |
... |
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