4.8 • 1.5K Ratings
🗓️ 9 April 2025
⏱️ 5 minutes
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I've learned so many lessons in life about how to be rich.
I wasn't always rich, but I knew I didn't like being poor.
So, I started studying finances and learned the mentality behind creating and being a good steward of my resources.
Every single wealthy person you ever meet will tell you not to buy dumb shit.
Warren Buffet still lives in his original house in the midwest.
When he started banking tons of cash with Berkshire Hathaway, he didn't go out and buy a Lambo, fly private, or invest in an insane mansion.
He could have, but he didn't.
Mark Cuban has been heard saying the same thing to his atheletes that came to work with the Mavs...........he'd tell them, "This is a short run in your life. One day, you'll not play basketball, so save your money."
And while I tell you this, yes, I've been guilty of doing the same thing, but I used the Lambos and McLarens to make more money.
I used private jets to create an experience to discuss business while also creating much-needed tax write-offs.
And if you don't have what you think you should right now, or are not considered rich, listen closely to this episode.
I'm giving you the game based on experiences and lessons learned that transcend all time and places.
Good money principles are executed by the rich.
One thing you can count on with money is it will come and go, but you have to make great decisions and do good shit with it. It's the universe's way of testing to see if you're responsible with it so it can give you more.
If you want to be rich, study what they do and watch your wealth come through.
About the ReWire Podcast
The ReWire Podcast with Ryan Stewman – Dive into powerful insights as Ryan Stewman, the HardCore Closer, breaks down mental barriers and shares actionable steps to rewire your thoughts. Each episode is a fast-paced journey designed to reshape your mindset, align your actions, and guide you toward becoming the best version of yourself. Join in for a daily dose of real talk that empowers you to embrace change and unlock your full potential.
Learn how you can become a member of a powerful community consistently rewiring itself for success at https://www.jointheapex.com/
Rise Above 🇺🇸
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0:00.0 | Welcome to the rewire podcast. |
0:02.0 | I'm your host, Ryan Stumann, |
0:04.0 | and I'm here to rewire your mind for success. |
0:07.0 | You were put on this planet for success. |
0:09.0 | You were created to succeed, |
0:11.0 | but the force of average is after you every single day, |
0:14.0 | my brothers and sisters, |
0:16.0 | and this podcast is the one thing that's designed |
0:19.0 | to help you fight the force of average and excel in every area of your life. |
0:23.2 | We're glad that you're here. |
0:25.4 | You know, one thing that stuck with me since I heard it 10 years ago was a Grant Cardone quote. |
0:31.5 | And he said, the biggest threat to being a millionaire is being a millionaire. |
0:36.5 | And I thought, man, what the fuck is this old guy talking |
0:39.0 | about? But he went on to elaborate, and I'm going to use my own words here, but I agree with them. |
0:45.6 | Because here's what happens. And you become a millionaire, and it's not as much money as you think |
0:50.4 | it is, but it's a comfortable lifestyle. You know, let's say you're making one to five million |
0:54.9 | dollars a year and you do that for a few years. You go buy your dream house. You get a couple million |
0:59.1 | dollar mortgage against it. Maybe you go finance some investments. Maybe you put some money in here |
1:04.1 | there and you know, you have down cycles and everything else. But what happens is, and I'm speaking |
1:09.1 | from personal experience, what happens is we oftentimes |
1:11.7 | get super leveraged and then we're trapped in a box and we can't afford to take the risks that got |
1:18.0 | us to where we are because the risks that we take now have ramifications because maybe you owe |
... |
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