Brutal Truths of Financial Success | Episode 271
Real Business Owners
Trevor Cowley
5 • 704 Ratings
🗓️ 6 August 2024
⏱️ 21 minutes
🧾️ Download transcript
Summary
In this episode, Trevor Cowley dives into the importance of long-term financial thinking, the power of delayed gratification, and how to manage finances for future wealth. He shares personal experiences, practical advice, and a powerful message about overcoming impulse control to achieve financial security and freedom. Trevor emphasizes investing in self-improvement, business growth, and acquiring cash-flowing assets.
- Long-Term Financial Thinking: Why thinking ahead is crucial for financial success and stability.
- Delayed Gratification: The importance of restricting immediate desires to achieve greater rewards in the future.
- Investment Priorities: The top areas to invest in for personal and business growth.
- Impulse Control: How to master your impulses and make decisions that benefit your future self.
- Financial Management: Practical steps to manage your finances and build wealth over time.
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Transcript
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| 0:00.0 | Whether you like it or not, you're going to show up to an environment. |
| 0:04.1 | The question is, what does that environment look like? |
| 0:07.2 | And the answer to that is, it's going to be based upon the decisions that you're making right now. |
| 0:12.7 | If you like fucking eating out and you like spending money on clothes and driving nice shit, cool, |
| 0:18.6 | then get used to being a slave to those things whatever your situation is |
| 0:25.0 | currently is not your forever situation that's really what real business owners is man like we don't |
| 0:30.2 | care where you come from where are you going our goal and our job is to reduce the mistakes that |
| 0:35.9 | you have to make or the money that you have to lose. |
| 0:38.3 | You want to be an entrepreneur. You want to be successful. Don't give up. |
| 0:41.4 | You learn, adjust, and continue to move forward. Welcome back to the Real Business Owners podcast |
| 0:46.5 | with myself, Trevor Cowley. Hope you guys are doing well. This week's episode is regarding finances. |
| 0:52.5 | It's regarding money. It's regarding thinking long-term. |
| 0:55.6 | And I believe that that's something that you're going to have to do if you want to get ahead. |
| 0:59.7 | I don't know any people that have been short-term thinkers that five years, 10 years, 20 years down the road, |
| 1:06.6 | they're like, man, I'm really glad I spent all that money that I made. Man, I'm really glad that, |
| 1:11.4 | you know, I wasn't thinking about where I would land 10 years from now, 20 years from now. One |
| 1:16.3 | thing that I've done very, very well, more than most, is be a long-term thinker. When you're a |
| 1:22.3 | long-term thinker, you're going to get made fun of. Because when you could be having things and you |
| 1:26.7 | choose not to have those things |
| 1:28.1 | because you're acquiring capital and you're stacking cash, people are going to make fun of you. |
| 1:33.1 | They're going to call you a scarcity mindset of, oh, saving doesn't really get you rich. That's not how |
| 1:39.0 | you make money you got to invest. Sure, but there's an acquisition period. There's a period of time where you must stack cash. |
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