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The Meaningful Money Personal Finance Podcast

The Money Mindset, Part 2 - 5MF024

The Meaningful Money Personal Finance Podcast

Pete Matthew

Education, Business, Investing

4.91.7K Ratings

🗓️ 9 November 2018

⏱️ 5 minutes

🧾️ Download transcript

Summary

Following from last week's Five Minute Friday, I cover the two things you need to DO to get into the all-important Money Mindset

Transcript

Click on a timestamp to play from that location

0:00.0

Hi folks and welcome back to another five minute Friday here on Meaningful Money.

0:04.0

Okay I want to carry on from last week.

0:11.0

You may remember I'm going back to some of these really old videos and updating them.

0:15.2

Last time I talked about some of this stuff on video was in like 2010.

0:19.5

So it's about time we picked some of them up and updated them. And we talked last time about three things we need to know to get into the money mindset.

0:27.0

The fact that the world is full of distractions and we need to understand our response to them.

0:31.6

The fact that we need to be intentional if we're going to build wealth

0:34.7

and not just kind of hope things happen by default. And thirdly that really you are the best person

0:40.7

to take control of your own financial future.

0:43.0

Nobody cares more about you than you.

0:45.0

And this week I want to build on that

0:46.3

and talk about two things you need to do

0:48.2

to get yourself into the money mindset.

0:50.2

So let's put five minutes on the clock down here.

0:52.6

Say a quick thank you to my friends at 7 Investment Management for sponsoring

0:56.0

meaning for money down here.

0:57.5

And let's crack on with a show.

0:58.8

First thing you need to do is to spend some time envisioning your future. Now that sounds all very whooo and

1:05.2

Zen but really it isn't and it doesn't need to be. What I want you to do is to sit down

1:09.9

on your own or maybe together if you're with somebody and talk about what your ideal future would look like if you were financially secure.

1:19.0

Now really important I'm not asking you what your future would look like if you had all the money in the world.

1:24.0

For most of us, we're not going to be taking our private jet and hopping between the Maldives, New York,

...

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