Your Money Will Grow When Your Mindset Does | Joe Moffett E445

The Rich Somers Report

Rich Somers

Business, Investing

5.0 • 1K Ratings

🗓️ 3 January 2026

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Money doesn’t scale until identity does. Rich Somers sits down with Joe Moffet for a grounded conversation on why mindset—not tactics—is the real lever behind financial growth. Joe breaks down how most people sabotage themselves before they ever get started, why identity precedes income, and how shifting the way you see yourself changes the way you show up in business, investing, and life. The discussion dives into the mental traps that keep people stuck in the 9–5, why listening to the wrong...

Transcript

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0:00.0	That's the biggest thing I work with clients with a lot is, you know, they start this side hustle and people come up to you and they're like, what do you do? And they're like, oh, you know, I do coding and then I do some real estate on the side. I'm like, no, you need to start switching that. Start introducing yourself as a real estate investor and you do some coding on the side, right? Because that starts to get you into the mindset of being the business owner, being the real estate guy or girl. And that's what starts to help you being consistent
0:25.2	with that work when you know you got to be at your 9 to 5 also.
0:29.9	Welcome to the Rich Strummers Report where we talk real estate, business, and wealth building,
0:34.1	all while keeping it real. No fluff, no BS. I hope that you enjoy the show.
0:43.4	So I want to switch gears here.
0:45.1	I want to talk a lot more mindset,
0:47.3	because, you know, obviously you're a mindset coach.
0:50.3	And so with people that are struggling together,
0:53.5	nine to five,
1:00.9	and people specifically that want to go start that side hustle, they want to get into real estate investing, they want to start that business.
1:05.7	The biggest mistake that I see is they go to the wrong people for advice.
1:10.3	The people that have never done the thing that they're looking to do are often friends, family members, co-workers, and those folks, they tend to go to for advice. And unfortunately, those people
1:16.5	have never done the thing they're looking to do. And so they talk them out of pursuing their dreams.
1:20.6	They talk them out of taking risks, doing the actual thing. And so a lot of people never get
1:25.9	started because of that. I always say, stop listening to people closest to you and start listening to people
1:30.1	closest to your goals.
1:31.1	It's the quickest way to improve your life.
1:33.6	Why do you think that is?
1:35.6	Their friends or their family, their intentions are pure.
1:39.2	They want them to be safe.
1:41.6	And the reason why is because that's how they live their whole life, is keeping it
1:46.1	safe. Or maybe they tried to take a swing, one swing in their life, and they failed. So they just
	...

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