From A 30K Salary To Becoming Financially Free While Building A Top 1% Podcast In The World | Andrew Giancola
Millionaire Mindcast
Matt Aitchison
4.8 • 721 Ratings
🗓️ 23 January 2023
⏱️ 42 minutes
🧾️ Download transcript
Summary
In this episode of the Millionaire Mindcast, we have an amazing guest Andrew Giancola who shares his wins and losses in personal finance journey, awareness and understanding your money outflows, best personal finance habits and discipline, how to grow your downloads and make money in podcast, and tactics around building-wealth quickly and become financially-free!
Andrew Giancola is an entrepreneur, a stocks and real estate investor, financial educator, founder of Master Money, where he teaches people on how to take control of money to create a stress-free life and build a generational-wealth, and host of one of the top 1% podcast of the world, The Personal Finance.
From an early age, Andrew had a true passion for money. He began to invest in the stock market when 14 years old and got millionaire status in early 30s. He believes that anybody in this world can build wealth. It’s just the behavior on how you act with money every single day really matters.
Some Questions I Ask:
What do you do, man?
What’s the block most people have on crossing that threshold of financial freedom?
Where did this journey begin for you?
What are the early hurdles that you experience that create different opportunities to overcome those?
What did that first investment look like for you?
How did you decide what vehicle of wealth-building you’ll take on?
How are you along the way tracking your net worth growth?
What are some of the things that you’ve seen for people that have unlocked income freedom and making their money work for them?
What have been some of your bad investments that others could learn from your mistakes?
What was it that inspires you to create the Personal Finance Podcast?
What were those signs for you of continuing to grow your podcast downloads?
What were the steps of monetizing your podcast downloads?
What is the big goal for you in the Personal Finance Podcast?
What are you excited about?
What are the best personal finance habits and discipline?
In This Episode, You Will Learn:
How to accelerate your path to wealth.
Which is more important: net worth versus income.
What are the different levels of financial freedom.
Quotes:
“Anybody in this world can build wealth.”
“If you can track where your dollars are going, that means you can put your dollars towards what you actually want them to do and towards your financial freedom.”
“Your net worth is your wealth scorecard.”
“Your first 100k is the hardest.”
Resources Mentioned:
The Millionaire Next Door book by Thomas J. Stanley
Rich Dad Poor Dad book by Robert Kiyosaki
Connect with Andrew Giancola on:
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Show Brought To You By: www.MillionaireMindcast.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 | I think that cash flow is one of the best things that you can have. |
| 0:03.1 | And a lot of people kind of talk through this and think through this process in different |
| 0:06.7 | ways. |
| 0:07.7 | So I actually think of it in decades instead of thinking of it in a way that it's across the board |
| 0:12.1 | the same. |
| 0:13.1 | So I think early on in your 20s, the most important thing that you need is to increase that |
| 0:16.1 | income and increase that cash flow because you can take that money to increase your net worth. So what you're doing there is you're growing your wealth early on in your 20s so that later on you can have |
| 0:25.0 | that freedom and as much freedom as you possibly can. And then having both a really high income and |
| 0:29.5 | obviously a really high net worth is what the ultimate goal is. But passive income is going to |
| 0:33.7 | absolutely change your life, give you that freedom over time, because then you can take that passive income and put it towards your net worth. And eventually, once your net worth is |
| 0:40.5 | large enough, you will have that freedom. But I truly believe that passive income, specifically, |
| 0:44.7 | investing in things that will bring you cash flow and having multiple streams of those is one of the |
| 0:48.6 | best things that you can absolutely do. |
| 0:50.0 | Oh, oh. Oh. Well, I'm excited to welcome into the show, Andrew G. and Kolov, the personal finance podcast. How we doing, man? |
| 1:05.3 | Matt, thank you so much for having me. I'm so excited to be here. |
| 1:08.1 | You know, whenever I get to have a guest on the show that one is a fellow |
| 1:13.0 | podcaster who's got an amazing podcast, which I know we're going to dig into here today, |
| 1:17.9 | but somebody that's also obsessed with helping people unlock financial freedom and kind of your |
| 1:22.7 | journey, your path, all the people and conversations you've had along the way. I know it's going to be |
| 1:26.5 | some fruitful conversation for our audience here today. So welcome to the show. And for those that aren't |
| 1:32.1 | familiar with who you are and your podcast, your world, what do you tell people when they're like, |
| 1:37.0 | Andrew, what do you do, man? Absolutely. So my name is Andrew Jen Kola and I'm the host of the |
... |
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