What is up my friend Tom Billio here and I have a big question to ask you how would you rate your level of personal discipline on a scale of 1 to 10 if your answer is anything less than a 10 I've got something cool for you

and let me tell you right now discipline by its very nature means compelling yourself to do difficult things that are stressful

boring which is what kills most people are possibly scary or even painful now here is the thing achieving huge goals and stretching to reach your potential requires you to do those challenging stressful things

and to stick with them even when it gets boring and it will get boring building your levels of personal discipline is not easy but let me tell you it pays off

in fact I will tell you you're never going to achieve anything meaningful unless you develop discipline right I've just released a class from impact theory university called how to build ironclad discipline that teaches you the process of building yourself up in this area so that you can push yourself to do the hard things that greatness is going to require of you right click the link on the screen register for this class right now and let's get to

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season. What's up guys today I'm excited to bring you the personal finance expert that's been teaching millions of people how to be rich

Ramiz Sadie has been giving us real money stories from behind closed doors on his podcast called I will teach you to be rich and now he's joining me to help change how you think about money in this

episode we're breaking the three biggest lies keeping you broke and talking about how money cuts across every area of your life and what you can do to live a rich life.

I hope you guys love listening to this episode as much as I enjoyed recording it and if you do please leave a review on our podcast really is the best way to support us so that we can get the podcast out to more people just like you looking to think about money differently I'm Tom Bill you and this is impact theory.

Ramiz Sadie welcome back to the show thanks for having me you know I'm excited as always what are some of the biggest lies that society and parents tell us that ends up keeping people broke and breaking up relationships.

We're told that investing has to be complicated that you have to be some genius looking at a screen with these numbers like P.E. Ratio is running through it all day that's not true we are told that you have to buy a house because buying a house is always the best financial investment that's not always true and we're told that when it gets to a relationship oh there's so many lies in a relationship so we can't do that.

We're talking about a relationship some of them are he's a spender she's a saver or I'm not the money person my partner takes care of that and we accept that and that leads to a lot of disasters in relationships so the problem with money is that we're told all these things and because we don't really understand how works we just accept it it's like the way I accept my car I don't know how works I just put the key and turn it on that's all I need to know but money isn't like that.

Money isn't like a car it cuts across everything in our life that's why I think it's so important that we understand it so how do people begin to figure out how to think about investing how to get out of what I think you call money propaganda and because as you well know because you and I have been discussing this now for years I've been going on my own journey in fact because of you I'm now going to stop saying that I'm terrible at investing I'm getting way better I'll be very honest good in large part of the world.

Good in large part because of the show so I've got to sit across from people like you a lot but also putting into action and having now enough time under my belt to see what works what doesn't the emotional side of it which right now seems to be the biggest problem that people face is to your point either they're buying into propaganda or they're just the emotion carries them away in the euphoria or they panic when things fall.

So how do people begin to tease that out and really get their head right about money and invest in you know it's interesting that by the time people turn 40 the number one thing they're worried about is money and yet the vast majority of people have never read a single book on personal finance think about that they will believe what any random person on some crazy subreddit tells them and I read all those subreddits not for stock tips.

Just for entertainment I go don't do this they'll listen to podcasts which can be better but you're not sure how to tell if it's good or not they'll do everything but read a good book on personal finance and I'm not just talking my book here because I have my own book there's a lot of great books on money.

So if you want to become confident with money you have to be competent that step one you have to be able to speak the basic language of money and it's actually not that complicated it's fun you start to realize oh my gosh compound interest works this way so if I put a dollar in today it's worth way more later okay that's we all kind of get that but when I show people a calculator of your 32 years old if you put this much a month and this is how much you're going to get.

If you put that much you'll have that much more it's super counterintuitive I'll give you an example if you pay a financial advisor 1% doesn't sound like a lot 1% as long as I don't have to worry about my money over the course of your life that will take 28% of your returns out of your pocket and into your financial.

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