Breaking Free Of The Bankers Business Model By Using The Shred Method For Financial Freedom | Adam Carroll
Millionaire Mindcast
Matt Aitchison
4.8 • 721 Ratings
🗓️ 1 August 2022
⏱️ 61 minutes
🧾️ Download transcript
Summary
In this episode of the Millionaire Mindcast, we have an incredible guest no other than Adam Carroll, who shares insights and wisdom on achieving time freedom, relationship freedom, financial freedom, service freedom, journey of paying off debts, Engineering finances by creating more discretionary income, and how the shred method can really unlock financial freedom for people in the next 3 to 5 years!
Adam Carroll is a freedom fighter, savvy from an investment standpoint, an entrepreneur, author, professional speaker, mentor, documentary filmmaker, and podcast host. He changes lives by helping people succeed faster by building a bigger life not a bigger lifestyle. He wrote the book, “The Build a Bigger Life Manifesto”.
At an early age, Adam really loves the idea of making money and entrepreneurship. He lives like a rich college kid and then quickly becomes a broke professional because of debts. He wanted to live a life differently from his parents and free from debts. Until he read over 100 books in personal finance. Together with his future wife, he took a great leap. He started learning investing intelligently in real estate deals, alternatives investments, syndications, and being a lender for some people.
The couple was so aggressive about paying off debt and how they could minimize their lifestyle. They used their existing income in an efficient manner to blast away compound interest debt until they saw a huge financial success. Currently, Adam is not only obsessed with debts but of how to bring value to the people in terms of building wealth, financial freedom, and financial literacy!
Some Questions I Ask:
Where did your wealth-building journey start?
What were some of the early AHAs that made the biggest difference for you at the beginning?
How can someone go about auditing their lifestyle and finances while enjoying what they’re doing but still purposeful of unlocking real wealth and financial freedom?
How have you and your wife have found the synergies of both of your financial personalities coming together to create a common goal that both of you get to enjoy?
What does your financial rhythm look like?
What is your interpretation of what good and bad debt is?
What is the Shred Method?
What do you see out there that you’re paying close attention to when it comes to financial opportunities or threats?
In This Episode, You Will Learn:
The 4 legacies for future generations
Adam’s takeaway in life
Lifestyle design: life versus lifestyle
Common sources of couple’s financial friction
How to make your home an asset and not a liability
The Savings Analysis: How to quickly get out from debt
The magic of HELOC
The future of cryptocurrency and NFTs
Quotes:
“Financial freedom leads to time freedom.”
“Time freedom creates relationship freedom.”
“Our deployment is our service to humanity.”
“There are just so many ways to make money but the only way to make money is to have money to put to work.”
“How big your why is, determines how big your life is.”
“If you want to change the fruits, you must first change the roots.”
“Well, if you want it, we’ll just get it, we’ll figure it out.”
“Wealth is made in the crock pot not in the microwave.”
“You have to have a bigger life, not a bigger lifestyle.”
Resources Mentioned:
Rich Dad Poor Dad book by Robert Kiyosaki
Rich Dads Cashflow Quadrant book by Robert Kiyosaki
Think and Grow Rich book by Napoleon Hill
The Wealthy Barber book David Chilton
How to Be a Billionaire book by Martin Fridson
Secrets of the Millionaire Mind book by T. Harv Eker
Smart Couples Finish Rich book by David Bach
Connect with Adam Carroll on:
The Build a Bigger Life Manifesto book by Adam Carroll
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Show Brought To You By: TheRichLifeAcademy.com
Episode Sponsored By: TheRichLifeStore.com
Questions? Comments? Do you have a success story you would like to
share on the show? Send us an email to
Questions@MillionaireMindcast.com
Transcript
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| 0:00.0 | Welcome to the Millionaire Mindcast, |
| 0:07.0 | where we broadcast weekly interviews with millionaire minds |
| 0:11.0 | from across the globe to empower you on your journey |
| 0:14.0 | of unlocking a rich and fulfilling life. |
| 0:17.0 | It's time to unleash your millionaire within. |
| 0:20.0 | Now here's your host, Maddie A. |
| 0:23.9 | What's going on, guys? Welcome into today's show. As always, I am your host, Maddie A. |
| 0:29.6 | Excited to have you tuning in for my amazing guest, Mr. Adam Carroll. This is somebody that I have |
| 0:37.2 | been working on getting on the show for quite some time. |
| 0:40.5 | He is somebody that not only is he just a badass in terms of how he's gone about building |
| 0:45.2 | wealth. |
| 0:46.1 | When you talk about the whole life millionaire, somebody that lives like a millionaire |
| 0:49.3 | in all areas of their life and not just in their bank account, he is that. |
| 0:53.6 | But he has really made it, his mission |
| 0:55.6 | to go out and truly help people unlock financial freedom. And we're going to be talking about |
| 1:02.0 | the specific method that he has created that really is unlike anything else out there. |
| 1:08.2 | So you're definitely not going to want to miss today's episode. |
| 1:11.4 | But if you're new to the show, be sure to hit that subscribe button so you never miss another |
| 1:15.0 | episode of Millionaire Mindcast. If you are new and you haven't said what up to me, shoot me a text |
| 1:20.0 | at 844-447, 1555. And as you guys know, if you want to get more connected to the community, |
| 1:26.4 | making our Millionaire Mindcast get more connected to the community, making our Millionaire Mindcast fam more connected, we are creating events that you guys can come and actually hang out with us, with me, with other individuals in our community. |
| 1:39.5 | We've got our wine and wealth building meetup, our first one in Napa Valley coming up here in September. |
... |
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