5 • 831 Ratings
🗓️ 26 January 2022
⏱️ 23 minutes
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0:00.0 | Welcome to the 100-year podcast, the show dedicated to personal financial engineering. |
0:11.9 | I am your host, Gino Barbaro, and I'm joined today by Teresa Kuhn, a financial educator, |
0:17.5 | bestselling author, and wealth strategist. For over 20 years, she's been passionate about |
0:22.4 | ensuring her real estate clients have the tools and customized strategies they need to |
0:27.2 | survive an ever-changing marketplace. Welcome to the show, Teresa. Hello, Gino. How are you? |
0:32.9 | Well, we had a little problem getting on this call, and one of your strengths is definitely not |
0:36.7 | technology, and it's |
0:37.6 | not my strength either. But what our strengths are are long-termism and creating long-term wealth. So let's |
0:44.2 | take a dive into. How did this thought process come into long-termism thinking for the long future? |
0:49.3 | Well, I'll tell you, you know, I think part of it was I was wired this way and my mom was |
0:57.8 | absolutely wired this way. I remember thinking really young. If I do something, there's going to be |
1:03.9 | a consequence, but it's not just the first order consequence. It was like the second, third, |
1:08.4 | fourth, fifth order consequence. And I think, you know, it was probably part of also part of my like Catholic school guilt. |
1:16.3 | Like, you know, what's going to happen if I like wear the wrong sock today to schools? |
1:23.5 | Uh-huh. |
1:24.7 | And, uh, you know, so I think it was kind of wired into me, probably fear, guilt, my mother. |
1:30.8 | And I was, I was wired to think long term. |
1:34.1 | Let me ask you, a lot of, a lot of people out there may struggle with this. |
1:37.9 | Do you have any tips on how they can start adopting this type of long-term mindset? |
1:41.9 | Because for me, everything that I've done that I've been successful, for instance, I'm taking opera lessons. I'm not going to be Luciano Pavrotti in three |
1:48.7 | or six months. It's going to take time and effort. And I need to know that, a cadence of accountability. |
1:54.5 | But what would you tell the listeners, how can you start adopting this long-term mindset or what kind of hacks do you have to say it's going to take a long time |
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