Brutally Honest Advice For Broke People
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 2 May 2024
⏱️ 48 minutes
🧾️ Download transcript
Summary
Dive into another episode of "The Wealthy Way" podcast as host Ryan Pineda unpacks the secrets to financial success!
In this episode, Ryan lays out practical strategies for overcoming financial struggles and building wealth. From sharing his own success habits to discussing ways to conquer common pitfalls, Ryan provides invaluable insights to help listeners transform their financial futures.
But that's not all! Ryan also delves into the crucial money mindsets essential for financial growth, offering guidance on how to shift perspectives and master money management.
And the wisdom doesn't stop there! Ryan rounds out the episode by exploring the importance of developing skills and cultivating relationships to accelerate your journey to success.
If you're ready to break free from the cycle of being broke and take charge of your financial destiny, this episode is a must-listen!
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Website: https://ryanpineda.com/
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | You've got to change your mindset when it comes to, you know, skills and money. |
| 0:03.6 | This attitude that the middle class has, we don't want to borrow money from family or friends. |
| 0:08.0 | That is a middle class mindset. Right now, this epidemic of people who want to be entrepreneurs who love watching |
| 0:16.5 | content but they don't do anything with it. They think they're being |
| 0:20.3 | productive just because they watch a video like this and they're not. |
| 0:23.8 | It's singular. |
| 0:24.8 | Learn a skill. |
| 0:27.3 | Too many times, broke people. |
| 0:29.3 | What's up, Well, butters today, I'm back at you with a solo podcast. It's been a minute since we've done one of these but I want to talk about being broke. A lot of you guys right now might be literally broke. |
| 0:43.0 | You have zero dollars to your name |
| 0:45.0 | and you're trying to figure out how to get out |
| 0:46.3 | of that situation. |
| 0:47.3 | Well, you're gonna love this. |
| 0:48.3 | But then some of you are at a point where maybe you've made money |
| 0:52.0 | and you just cannot seem to figure out how to keep money, right? |
| 0:55.4 | Some of you guys are high-income earners or you've made money in the past and then you went through a |
| 0:59.3 | rough stretch the last couple of years and now you're trying to figure out how to rebuild and how to make that not |
| 1:06.3 | happen again. And I think just for anyone in general, myself included, these principles are going to be very good because at the end of the day when the economy is good and markets are good we're all feeling rich we all feel like we have more abundance but when things get hard we all feel know, our pockets pinch and we all feel like, hey, |
| 1:25.6 | you know, we got to change some things now that money's not as easy as it used to be. |
| 1:29.6 | So all that being said, I don't really care what side you're on. |
| 1:33.2 | I think that these principles will apply to anybody right now at this point in time. |
| 1:37.9 | So I'm going to give you the five things to think about. |
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