I'm going to share the seven wealth killers that no one is talking about.

Most people think it's credit cards and caramel lattes. It's not.

Welcome to the Martel Method. I went from rehab at 17 to building a $100 million empire and being a

Wall Street Journal bestselling author. In this podcast, I'll show you exactly how to build a life

and business you don't grow to hate. And make sure you don't miss anything by

subscribing to my newsletter at martel method.com. The first wealth killer keeping you broke is

saving money. Rich people have learned to let money flow through them. They don't hoard money.

They don't collect money. They use it to reinvest in themselves in their business. That is the

big mistake that most people make. They don't want to spend on the right things because they're so worried they're going to make the wrong decision. So they make no decision. When I was 23 building my first company, I spent all my extra money paying for speed. I needed to move faster. It's why I hired my first coach Bob. He was a certified Emyth coach, and he taught me how to build the business.

I could have learned it. It would have took me 10 years. Instead, he took 35 years of experience

building and exiting his company and put it into a blueprint and gave it to me. I moved very

fast. Bro people use money to impress. Rich people use money to invest, invest in their skills to become more valuable. Their business so they can get more customers, their team so they can get more time back. When you invest, you show the universe that you're not here to hoard. A couple years ago, I was talking to my assistant and I realized I had millions of loyalty points. And it occurred to me that I knew better. So I told her, I said in the next 12 months, we're going to take those 30 million points across all the different programs I had and use

them to bless people, to bless my team, to bless my family for my own travel if I need them.

But to keep them to myself, because I was playing this weird game of collecting points, was not

going to serve or tell other people that I was participating in the economy. But once you

started investing in yourself, most people get lost on direction. Which brings us to wealth killer

number two, diversification. One time I was on a call with a client and they were having hard

time progressing in their business. And when I dug deep, I found out not only did they have one

business, they actually had three businesses.

The worst part is the one business was the rich uncle to the two others that were sucking all the profit from the first one and creating the most distraction. Most people think that wealth

creation requires diversification. The problem is that it actually takes concentration.

See, diversification is diversification. The mistake most people make that kills wealth is starting multiple business at the same time because they have a fear of failing in any one of them and they don't know which one is actually going to be the winner. This morning I was wrapping up a hike with a bunch of founders. And as I was leaving, one of the entrepreneurs ran after me to ask me a question. And just by the way they were asking about, should I partner with this person? Should I do this? I was just like, what's your revenue at? Top line for the year, total. And I thought he was going to say like three or four million. He said 90,000. If you're at 90,000 and you're talking to me about multiple businesses, you don't even have a company. You probably barely make enough money to live. You're distracted by multiple businesses and you think you're an entrepreneur.

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