Chasing Money is a Trap—The Hidden Lie About Wealth Everyone Believes | Tom Bilyeu (Fan Fav)

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Impact Theory

Education, News, News Commentary, Philosophy, Technology, Society & Culture, Business, Self-improvement

4.7 • 5.1K Ratings

🗓️ 14 June 2025

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Fan Favorite: This episode originally aired on January 11, 2022. If you’ve been following me for any length of time, you’ve probably heard about the years I spent chasing money - and how it left me emotionally bankrupt. Don’t get me wrong - money is a powerful force. It gives you the ability to close your eyes, imagine something that you want to create, and then open your eyes and actually be able to go out there and do it. However, I’ve also found that people have wildly different opinions on money, how we should relate to it, and how it affects our levels of happiness and fulfillment. But what do people who have really mastered the game of money have to say about it? What constitutes a wealthy life? How should we define success? How do we create and monetize long-term value for those we serve? Todays’ episode of Impact Theory answers those questions, and many more. I’ve assembled some of my favorite moments from past guest interviews, all revolving around our relationships with money and financial success. SHOW NOTES: 00:00 | Ken Honda on shifting your focus around wealth 09:01 | David Rubenstein on children of wealthy families 17:54 | Ramit Sethi on rewriting your invisible scripts around money 28:10 | Tilman Fertitta on forging your own path in business 37:05 | Yancey Strickler on new ways of measuring value ********************************************************************** Do you need my help? STARTING a business: Join me inside ZERO TO FOUNDER here SCALING a business: Click here to see if you qualify Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here. ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** Join me live on my Twitch stream. I'm live daily from 6:30 to 8:30 am PT at www.twitch.tv/tombilyeu ********************************************************************** LISTEN TO IMPACT THEORY AD FREE + BONUS EPISODES on APPLE PODCASTS: apple.co/impacttheory ********************************************************************** FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Money is the end result of what we get after serving the world.
0:09.0	So instead of focusing on what you get, you have to really focus on what you give.
0:13.5	There are people who are successful who come from wealthy families, but mega, mega wealthy families,
0:18.4	the wealthiest families in the country in any given
0:20.9	country in any given time, generally they don't produce the superstars.
0:25.0	We grow up with these things I call invisible scripts.
0:27.6	And these are the scripts that are beliefs that are so powerful.
0:31.5	We don't even realize that they're around us.
0:34.0	That's why they're invisible.
0:35.0	Everybody should always ask themselves if they want to
0:37.5	grow and they just don't want to just whatever is say, where can I be in five years? If I can't be
0:43.9	at this position in five years, then this isn't a good career path for me. The fascinating opportunity
0:49.5	that we have now is that the ability to define new values, to distribute goods, to make decisions, has never
0:59.4	been greater.
1:00.4	Western people tend to think that I need more money to be happy, but instead Zen approach
1:15.9	is how can you find satisfaction in what you have?
1:20.0	So it's not a matter of how much money you make or how much money you have.
1:23.9	It's more about your attitude toward money.
1:26.7	And the relationship you have with money gives you happiness or miserable life.
1:32.3	So you really have to be careful with what you have.
1:36.3	What are some of the tenets of Zen?
1:38.3	So I studied Zen.
	...

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