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Tom Bilyeu's Impact Theory

This Is Why CHASING Money Is NEVER The Answer To Your PROBLEMS

Tom Bilyeu's Impact Theory

Impact Theory

Business, News Commentary, News

4.75.2K Ratings

🗓️ 11 January 2022

⏱️ 50 minutes

🧾️ Download transcript

Summary

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If you’ve been following me for any length of time, you’ve probably heard about the years I spent chasing money - and how it left me emotionally bankrupt.

Don’t get me wrong - money is a powerful force. It gives you the ability to close your eyes, imagine something that you want to create, and then open your eyes and actually be able to go out there and do it.

However, I’ve also found that people have wildly different opinions on money, how we should relate to it, and how it affects our levels of happiness and fulfillment.

But what do people who have really mastered the game of money have to say about it?

What constitutes a wealthy life? How should we define success? How do we create and monetize long-term value for those we serve?

Todays’ episode of Impact Theory answers those questions, and many more. I’ve assembled some of my favorite moments from past guest interviews, all revolving around our relationships with money and financial success.

What was your #1 takeaway from the episode? Let me know in the comments below! 👇

SHOW NOTES:
00:00 | Ken Honda on shifting your focus around wealth
09:01 | David Rubenstein on children of wealthy families
17:54 | Ramit Sethi on rewriting your invisible scripts around money
28:10 | Tilman Fertitta on forging your own path in business
37:05 | Yancey Strickler on new ways of measuring value


QUOTES:
“I think wealth is an attitude. If you feel like you're so happy, and so content with what you have, you are already wealthy. But if you have to struggle every day, and you cannot find happiness, either in your business or in your personal life, I think you're not wealthy, even if you have billions in your bank account.” - Ken Honda [05:38]

“Raising children is a complicated thing. If you mess up raising your children, nothing else in life really matters. Your ultimate legacy is not a building named after you, or a scholarship named after you - it's your children” - David Rubenstein [13:50]

“It's not impossible to make money - there's actually a lot of people making money. It's not impossible to get ahead, pay off debt, even invest and grow - there's a lot of people doing it. But if you're surrounded by people who constantly complain about how difficult it is, and it's impossible, guess what? You're going to absorb those invisible scripts.” - Ramit Sethi [19:43]

“You've got to know your God given gifts, and everybody has it. Everybody in this room has it right here. So do what you know was your God given gift and find a way to use that as your path.” - Tilman Fertitta [33:18]

“My assumption was always that financial value is simply the first value we've learned to rationally express - that financial value is a proxy for goodness that is mathematical and that is tradable and that is universal - and that that process can be repeated for other values” - Yancey Strickler [44:48]


FOLLOW KEN HONDA:
WEBSITE: https://kenhonda.com
FACEBOOK: https://bit.ly/33gYfss
INSTAGRAM: https://bit.ly/3FbTBJw
TWITTER: https://bit.ly/3tc0IQ4

FOLLOW DAVID RUBENSTEIN:
WEBSITE: https://www.davidrubenstein.com
TWITTER: https://bit.ly/3Gbdnq9

FOLLOW RAMIT SETHI:
WEBSITE: https://www.iwillteachyoutoberich.com
FACEBOOK: https://bit.ly/3Fe2RNk
INSTAGRAM: https://bit.ly/3Gd7GrJ
TWITTER: https://bit.ly/3zIChux

FOLLOW TILMAN FERTITTA
WEBSITE: https://www.tilmanfertitta.com
FACEBOOK: https://bit.ly/3qZ5SvT
INSTAGRAM: https://bit.ly/3GbWDyW
TWITTER: https://bit.ly/3tbzTeA

FOLLOW YANCEY STRICKLER:
WEBSITE: https://www.ystrickler.com
INSTAGRAM: https://bit.ly/3f6xRnZ
TWITTER: https://bit.ly/3td2uQS

Transcript

Click on a timestamp to play from that location

0:00.0

To save money, I was told to come back on prisons this year.

0:07.0

That's why I got La Barra's Sim instead.

0:10.0

Making the smart choice to switch to La Barra could save you over ten pounds a month,

0:15.0

leaving you more money to do some of the things you love.

0:19.0

So, why not switch and save today?

0:22.0

Saving based on survey of over 15,000 new La Barra customers

0:26.0

raised excellent on trust pilot, search La Barra switch and save today, term supply.

0:30.0

Introducing Christmas on Disney Plus

0:33.0

with the latest releases like Amsterdam.

0:35.0

This is all turning out to be a lot larger than any of us.

0:38.0

Exclusive original series like The Santa Claus is.

0:41.0

I share the Claus.

0:42.0

I have decided to retire.

0:44.0

Festive family viewing like Strange World.

0:47.0

I've never seen anything like it!

0:49.0

All for $7.99 a month.

0:51.0

This is Christmas on Disney Plus.

0:53.0

It's more where this came from.

0:55.0

All these Plus malls streaming this Christmas.

0:57.0

18 Plus subscription required to Disney's supply.

1:03.0

Money is the end result of what we get after serving the world.

1:08.0

So, instead of focusing on what you get,

...

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