572. Start Thinking Rich w/ Brad Klontz and Adrian Brambila
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You're listening to an airwave media podcast i'm .

an agent bin bela and doctor d clots.

And this is the earnings and invest podcast podcast.

I grew up pretty comfortably in a middle income and then a high income family. Why I never struggled with money. I was born with a learning disability involving my progress in reading and writing.

I was not very good at him that learning disability was a great motivator. Instead of causing me to give up, IT became fuel to my fire. I studied longer, worked harder and sacrifice more to eventually become good at school.

Oh, I had privilege. I grew up with all the trappings of a suburban ddd class neighborhood. I'd like to think IT was my work ethic and not the financial had start that prepelicza ward privilege and drive, drive and privilege, which is more important, which is more necessary.

My guess today say that they have the answer, and according to them, the first step is the start thinking rich. Argue what you will about what the feed rate cut means to our economy. There is one thing for sure, high yield savings account aren't as lucrative as they used to be and neither r cds.

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We dropped a link to the show in the description of this episode, so be shared to check IT out ajor in brain, villa rose to tiktok, started by redefining real wealth, showcasing his journey of earning one point seven million dollars while living in evan doctor bradlee closes a distinguish professor in the world's leading authority and wealth psychology. Together, they boast a combined social media following of two point eight million. Their new book start thinking rich, twenty one harsh truth that will take you from broke to rich is available october twenty seven.

Adrian brain, bela and doctor bradlee class, welcome to earn and invest. Adrian, let's start with you. What's the difference between being poor and being broke and which were you growing up?

Break question. And this is something with our book chapters. They come across as almost insults or shaming, and we have to be very careful.

And that's why, in the very first page of our broken interest, can we define what poor is? Because sometimes our titles say things like you should get rid of your poor friends if you want to get rich, or that isn't sound good, but poor is actually just a mindset. And broke is a state.

So if you, we've all been broke, typically I was broke and broke braman broke not much. If you've been broke, I get to learn more about you. But broke is is a, is a state that we get in where we don't have any money.

Being poor is this mindset that will keep you broke. And the mind said, when you when you think about start thinking rich, the very first action or to be rich, to be wealthy is actually an idea. It's a thought. And whether you are right now living page to pay check, have dead and or broke IT doesn't actually mean that you're poor. If you are, for example, listening to this podcast, reading books, trying to save, guess what, you actually have a rich mindset even though you might be broke.

Now on the flip side of that, uh, people who lets say in heart wealth uh or are born to a rich family, they on paper might be rich but they might be poor and have a poor mindset and how you could fact that out over time, just look at all the people who win the lottery, seventy percent of them, and the block at five years after these people who want paper become rich all the sudden. But they don't have a rich mindset. So having a lot of money with the poor means over time you're probably going to end up broke.

So we wanted to stinger ish that right away because although the chapter titles come across as a little harsh, um there more is like shock and bring awareness to our approaches, the financials to be more realistic, more down to earth. But like kind of like wake you up and then the chapters are really more gear to than love you and kind of give you like a big hug. So it's like we give you, like we shake you with the chapter, like wake up, wake up and then we give you hug. Like, come on, man, we got and it's okay. You gonna you your way to wealth?

Rad, we're going to get to this idea of some of those harsh truth in a minute. But you've been pretty clear in this book as well and others that you grew up without much money. Did you grow up poor or broke?

I grew up both. Um so first stock, I gotto say you're the first person who's read this book outside of me and Adrian, another editor. So i'm a little bit anxious about the true fun how this actually reads.

I'm excited to talk with you, but I absolutely group out. So group broke in the sense that we didn't have any money. My parents divorce when I was very Young, so I had a single mom for a while part time teacher.

And but really the problem was the mindset as as Adrian mentioned, brokers potentially temporary. It's the mindset that I think IT LED to. At least part of my family has been in the united states traced back to the mayflower.

Yet i'm growing up and i'm and i'm seeing that my grandparents on both sides are living in trailer parks, very hard working, god fearing people like, I mean, from my perspective, great work at the great people. Why are we in trail parks? Why does? Why does my family not have a name on a building somewhere? And so that is the mindset. So I I had to struggle with both not having money growing up, which comes with a bunch of terrible emotional experiences, and then, but I think that think that was sticker and harder for me to break and actually like to my entire career and trying to discover what is the psychology around wealth? Was that or mindset so was both both the curse um thankfully I was blessed I I guess to try to figure out how to break the curse in my own brain and in my own family which then became a career as i'm trying to then help other people break that same sort of poor mindset curse age.

And is clear that for bread he broke that course he started understanding the poor mindset and IT LED him into the direction of being interested in both finances and psychology. Talk about when you overcame that poor mindset and how the hacked did IT lead the tiktok in being an online business person.

I think with where my parents came from, my dad immigrated here when he was thirteen. My mom also grew very poor. They is still to me, at a Young age, that I could achieve anything through hard work. I could create success if I want to have nice things, if I want to go do and fun things and live life. I I have to work for IT.

And so although my parents, I remember, uh, few years back, we went to the place where I grew up, you know, as okay, when you look at your home and you think back on, I like image, I was so huge. IT was amazing. Everything was just beautiful.

Everything was awesome. And we went back on that street. IT was trash on every new neighbor. Ard IT was, get to my dad here in in a joking way was like, oh my god, I don't think we can park here for like more than five minutes like we need to go.

It's just my my parents, they they just worked so hard about them, hard working kind of that true like immigrant work ethic. And so I feel like I never thought I I feel like I and because of them, not because because of them, they they gave me a rich mindset. And even though on paper, for most of that time, we didn't have a lot of money, I also had the belief that we could work hard and and achieve and change our circumstance.

And my parents say, my dad, can he someone? I, i'll all never have the struggles that he eat in back in in mexico. There's days where he went hungry.

He didn't have food these days where he had a steel food to eat, right? That those those are problems that we but I am never gonna face to where they came from. And then they they went to lower class in the middle school and and uh they both retired early with uh, millions.

And so like they they I watch this happened and and I remember they were always working at the beginning. We we didn't have much. I I watched the grow and I watched and I saw how hard my my parents work.

I think the opposite side of that is I inherit this belief that I also need to work hard, which I think is a good, great belief to have. But I also inherits belief that the the nicer, the Better I want to change my life, the more difficult IT needs to be a kind of, like, IT needs to be difficult. You need to really work.

You need to sweat for IT. When I started making money online, my very first business, you should be a prancer for tea pain. My first business was teaching people had had to dance the robot.

I didn't make money for the first couple years, and then after two half years, thousand dollars, I was working at a call center, and that basically made minimum wage. So this money was a big deal. And I actually built amazing, followed by feeling a little guilty because I feel like I didn't sweat for IT, I didn't work IT wasn't painfully difficult.

And and so I had to kind of conquer this belief that to create money and to grow your income, I do believe you have to work hard. That's what I inherit from my, from my parents. But I also had to change my belief that he needs to be difficult because as i've grown my incomes uh and in a living in the van, where was making.

Seven figures. I only had wifi access about one today's a week, and and I was barely working that I was making at that year as the most one I have ever made. So was IT difficult, painfully difficult.

No, I just I had to change my my belief that oh actually to make more money have to create more value. So you have to have a great workout. And if you have a great worker that you continue add value to the world. I do believe that warm out right now with how to grow your income and wealth.

Read when I listened, you both tell your stories. You both clearly came from broke childhood. On the other hand, you're very different.

I mean, Adrian, his parents had more the rich mindset. He's an immigrant. Your family has been here since the mayflower yet probably sounds like had more of the poor minds, said Adrian.

Kind of started a non line business. You kind of went the path of education. Very different stories. And I feel like it's almost the beginning of a bad joke, right? The tiktok star in the financial therapies walk into a bar, how the heck did you guys ever become friends and then eventually collaborate on this book?

Ah that's a great question. Ager and I have the competition going on. How many you can get the most followers on tiktok? And of it's really interesting because when we got on early and there weren't a lot of creators talking about entrepreneurship buying sets around money.

And so I branded ably key popped up on my you know four u pay john tiktok. And i'm like others there. There's a guy talking about that make sense. That's interesting. He combined IT with a bunch of dict providence moves, which i'm still jealous that I don't quite have that skill set for tiktok but I started resonate with this content.

I started to comment um he started to comment on mine and um believe in or not that that's our relationship developed and he actually first time I met agent in person, he was um he and his wife were driving through colorado on their way to pick up their van to start their van life. So I think he was just we shared a similar mindset. I think not only when IT comes to money and what were what we're trying to do on our personalize, but also this passion to try to teach and reach as many people as possible. And I think that's what connected us on a real deep level. And LED to this this project .

I just wanted state for the record that brad found me first. He started engaged with me. I popped up on his speed.

But all jokes, here we go.

All jokes inside. You know, brad went relief. philosophical. Why we rote this book is we want, we do share passion when you we do love helping people.

We do anna change lizz and we feel like we have uh, background story and knowledge to do so really. And also the innovation of what what that means to become wealthy in today's not you know, books from the eighties. But I think on a more personal level, we meet a lot of content creators.

There's a lot of people that you can to lean from, like I would say, all of your all all of your friend's dog, they they like you, they watch you, they come back and listen. And when I start seeing bread star, he was a downer ad guy. He, he, we have a, uh, crude sense of humor.

We, we, we joke. We rose each other. A lot of our content is like literally talking smack to each other. You can learn from finance, from a lot of different people. I think the most important factor is as first is like they is they buy sound, but second, are they reliable. And so our background, our story, each of them different.

And in our personalize, I think that's the most important thing when you look into someone to learn from is like, do you relate to this person to their lives down what they do when I was kind of getting to know your your story earning vest dog com by great omai um that you talk to in in in one of your last book you talk to about like you know people on their despite and they regret not what the regret is like not using the money and and to me like that's a really think I relate to you I wanna hear you yet to say because I i'm someone who I spend money lavishly on, experiences living the van, lived in europe, uh, travel a lot and and and when IT comes experiences, I am generous, I give that. I love getting experiences and so I relate to that. And some finance people, they don't talk about that.

They're just all in the weeds with like spread sheet and tools and stuff and they don't tell and I they don't live. You have to live too, but everyone's different. And and so at night, I think we're in a weird way. Tiktok, I found I found a new best friend from IT.

So bad Adrian just mentioned my book, uh, taking stock in. One of the things that was really hard about that is I had to convince people, look, you need to talk about this thing that isn't fun, right? We need to talk about death so we can learn how to live Better is not necessarily a message that everyone warms to immediately.

Let's get to start thinking, rich. One of the messages here and the subtitle says twenty one harsh truths. And i'm thinking about, you know, the upheaval in our politics. I'm thinking about the pandemic and thinking about people's financial worries. Is this the time for harsh truth and why?

Well, I feel like for this book and and you did mention, I may clinical psychologist. I'm a therapy and I love everybody. I truly do. I believe in that natural propensity we all have for growth and development and and to meet all of our goals. I give hugs, dock, you know, I support people and I love them.

And there comes a time when in my work, I get up, I shut the door, I looked someone in the face, and I give IT to him straight. And because there is a time and place for the truth, and sometimes that truth can be daring, sometimes you can make me feel ashamed. Oh no.

What does this mean? So if IT is true, that I have agency. If IT is true, that some of what's happening in my life, it's because of some decisions I made in the past, what does that mean about my life?

For me, it's a really empowers message. So ultimately, if I truly love you and if my wife, for example, truly loves me, he will tell me the truth about how she's experiencing me, even though I might be difficult for me at first. And so essentially this book and those harsh truths, they're they're are very important.

And i'm i'm going to go back basically to the research, about twenty percent of people are ready to hear IT. So so that's what actually the science shows around where people are in the action phase around change. And what we're trying to do here though, is sort to wake people up with this truth.

And then when you dive into the content, we make IT very easy. At least our intention is to make IT easy to digest and to understand. But I do think there's a time in place and perhaps now is more important than ever.

I might even argue for some of that truth because I fear that a lot of the messages that are um going around in our culture are very disempowering. And I think there are meant to be um apathetic, but there can be a downside. Words disappointed ing. So that's why I love what what we're .

doing here age. And I remember there was this one day when I busy with my clinical practices, having a horrible day, went to the nursing home, and I was complaining and bitching and morning at the nursing station, and I had nurse pretty much, you know, said, you know, coming here, let me talk to in the office. SHE closed the door and SHE looked at me and he said, you know what? Suck IT up.

And I remember at that point, I was exactly what I needed to hear at that moment. Have we been too afraid to give that messaging, at least to a part of people struggling in the U. S today that there is some level of, look, we know things are bad, but if you want to move forward, you're gonna have to suck IT up. Is is IT even fair to say that sentence?

We are being judged ged, not just as a conservative perspective, but on a human level when we talk about things and offer opinion with with social media, you could take anything you say at a context and have an army of people, uh, that think you're the worst person ever to think that and what kind of person are you and complaining?

Now there are plenty of things to complain about, and the world has always had some type of tragedy, bad things, happening since the, since the beginning of a human time. There's always suffering, and to be humanist, to suffer. And so if you have .

to .

draw the line per financial book, you could spend all the book just expressing all the ways that where the system is rigged in and it's unfair that some people are born money or not, but is a productive. And I think that's why i'm super allergi C2Complaining is com plaining is usu ally not pro ductive. Complaining is unless you're trying to problem solve and and you're turning those complaints like how do we make IT Better and you ask Better questions.

Complaining is so is just not worth worth time and and because the north star of start thinking rich is realizing that your time is the most viable asset that you have and so you're trying to own your time when you realized that you're like all my gosh, if I have my time or if I don't have my time, I don't only yet even if we do that, you don't want to spend IT complaining. That's the worst way to spend your time. But I feel like someone has to make a stand.

You know, do we have the potential to like if we look at a ten to six, it's not your fault if you were born poor, but is your fault you die? Poor man. Someone could rose us where I could see as being post on some type of media websites and saying, this is a terrible book.

Just just taking the line at the context. But IT, will we dive into the charter? We talk about how it's actually power powering statement. Actually, the person that told me this was my dad and I know he's not the first person said, but he, he is his words where use the first person, say that, say like you, you can change your circumstances about accountability.

We have to say that our approach, my dad um he was a tough love kind of dad and in shape me, the person I am and I I love I even as as a kid. Like IT as an adult, i'm so grateful. I'm so grateful that he wasn't sought and so great for that he was disciplined.

Because I feel like it's helps shape a lot and and i've uh i've helped over fifty thousand people uh entrepreneurs begin the entrepreneur journey. And I care that same models being tough love like I in order to create results. I feel like you have to be tough.

You have we're trying to make a difference here. We're not trying to be you know the average if you look at our stats for americans would turn the money. It's not too good.

So this soft thing, this soft approach, if you want ever results, which if we look at the average american, how much that they how much saving they have, how much they say for retirement, man, it's not good. So we have to be discipline. We have to be strong.

I really respect people like brad who are willing willing to a to do especially if you think about you know his background, he he's A A professor and I feel like, uh, the education background, that's where the scrutiny ds even more. And here he is saying things that are, I would, some people would say, are hot takes. But he believes that in order to do that, going to impact more people.

But I feel like what we're talking about is empowerment and this tough love really makes me think of of the hero's journey in the victims journey, right? And the thing about that, at least in my estimation, is it's not actually what you went through. It's the story you tell yourself about what you went through to.

You tell yourself a hero story versus a victim story. Read, what do you think is the most is empowering thing. People tell themselves about money that holds them back.

I have chills as you talk about the heroes journey, the victim's journey. And and I feel like, I feel like many of us. It's important to embrace the victim part like honestly, many of us have been victimized, many people far more victimized and I have you given my circumstances.

There are all sorts of things that um have made the playing feel very unequal and I think it's really important to acknowledge those like that this we actually acknowledge IT in the book when not trying to pretend like these these things don't exist. And we also believe that it's important that society addresses them. And you know what we can do IT. We're not the politicians, we're not the lawmakers. So we have a system that set up and the way that eighty and I describe IT as it's a game, you know and if you don't know the rules of a game, if you don't know the strategies, you are going to fail and lose the game.

And so that's kind of how we we look at IT and how we approach IT because I think the most disappointing ing message we can give to people is that the system is set up against you, which which by the way, if I be and IT is nothing yeah no, that is the system is set up against you and there's nothing you can do about IT, you know and and the and the problem, and the thing that really gets me mad, honestly, is that there are so many people making money off that message of disappointment. Because if they can get you to take certain actions to mpower them, that's the solution. So the messages, there's nothing you can do about IT.

You have to wait. You have to vote for me. You have to wait for this thing to happen, for society, to change, for things to be fair, and then you can start taking action. Is so disappointing ing.

I actually, just to give you up to reveal, some of my age I have, I know people, so I am in my early fifties, and I know people who made the decision back when we were kids, ways to do these things called nuclear bomb blowing up your school drills. And so what you would do is you gone the hallway and put your arms over your hands and get in the feet to position and hope that you didn't die in a nuclear room attack. And I I actually know people today who made a decision back then, why bothers saving and investing for the future? Because we're all going to die from a nuclear bomb now.

They've just applications their entire financial life to this external thing. The latest thing, by the way, with this new generation has been why should I bother saving and investing since the entire world's going to end in the next ten years because the climate change and I am not deny and climate change, i'm just saying, well, I hope you're right because no um because othe wise you're going to be broke and it's going to be miserable. So I think it's important to acknowledge certain things like that.

So it's part of it's embracing the victim part and but also making sure you're the hero. You are the hero. You're the only one who can be the hero in your life.

So I think it's okay. And this is the therion to me too. Acknowledge the things that are difficult, acknowledged that there are parts, the system that maybe stacked against you more than other people because of your particularly crummack.

Ces, all that is true. Have a good cry. I mean, have several good cries and then become the hero and figure out what is that hero journey.

And you might not know any heroes. So it's really important for you to research a hero. You might look at me and say, I can't relate to you. I, because of X, Y and Z, I can't relate to Adrian.

I can't relate to to doc, find somebody who you can't relate to, who sort of a racist, somebody potential barriers in your mind to why why you can become successful. Maybe it's someone from your igher hood, maybe someone that looks like you, maybe someone to the similar family history, just so you can, the light of needs to go off in your head that some wait, wait. You mean somebody like me can achieve this thing that I want to achieve? And the answer is yes. And once you have that IT changes everything. You know.

it's interesting is you are talking about this and you are talking about this idea of the world's gona end. So why not spend? Or maybe it's covet. Or in this case, that was nuclear war. Reminds me a lot of what happened with gay men and the eighties they all thought they're going to die of its.

And so financially, there was a whole generation of people who had spent Willy nearly because they did not feel like they are going to make IT through the decade. Uh, and then of course, we got Better treating HIV ads and I became less of an issue. Ageing IT brings up an important question, like, is the government gone to save us? I mean, are the politicians gone to help when IT comes all this? We know right? We know that there are people treated unfairly. We know life kinda cks and people are treated unfairly. Are the politicians going to save us?

no. I mean, that's one of our chapters, your political party that you vote for. And in every election, uh, since i've been alive, as always, seems like it's this catalyst ge huge thing and and I have people i've much older older people like doctor brad conants here, I just sorry I was no I joke said I and I like, is IT really a different time or is that every election like this and I get mixed ines, like this election could be IT, could be everything, but every election feels like that.

And the truth, I mean, we say IT in a very vulgar manner and hopefully cutting a out here. But your political party doesn't give a shit about you. That's what we said.

And here's a reason, no matter who gets in the office, or whatever pauses that they could create, none of IT is ever gonna be good enough for you to achieve financial freedom. Financial freedom to do what you want to do when you wants to do whatever you want to do. IT to have time to own your time and the freedom choice to pursue whatever you'd like to do to spend time, that is financial freedom.

And i'm not talking about average. I'm not talking about work like baLance. I'm talking about financial freedom. If you money and essentially it's like I have money, I can do what I want, I can spend my time how I please, the government will never get you to that standpoint. And I think this is a very hot take, especially with how sensitive logical believes are.

But uh, there have been studies that show you know like there's typically like this person wins office, then the stock market will crash and they stay at every year about both you know parties. And if you look at the stock market for every president has been an office IT actually remains unaffected. There's a little bit of volatility every time election cycle, but overall, in a ten year of presentin cycle, IT remains unaffected.

So if you don't like that when i'm after hanger for the first time, just go in fact, me look at the stock market since it's been created. Look at all the presidents try to and honestly, if you look at the time spend, that's why we are big believer s invest in stock market. You know we're not concerned about what's happening in this election cle.

And if the stock market crash, cern, long term investors, but IT, this also takes the accountability aspect into places where if you're waiting for someone to save you and take take you to the financial paradise, it's never gonna en the government's not going to do IT. You never gna win a lottery like these are. These are a waste time and hopes.

And I think it's because of social media, but feels like a lot of people are spending so much time being investing into every single political update. And I wish those people read books about money instead because they would be way more productive for for their particular situation. And if they're not satisfied with where the but unless you're a politician, I think you should not I think you should spend as much time as we are engaging in every single update.

And I think it's IT. It's now become a new like flex of like to know all the things that happens, like a status symbols like O, G. What he said, did you hear what he did and did you hear the new policy? Like to me my answers like, no, I didn't.

I'm going to vote last couple weeks before the election. I want to do my research, then make the best decision I can, and then i'm gonna ve on, because i'm not a politician, and I know my time Better spent for my family and my people. People I love is, is, is, continue work on my financial freedom journey, you know.

We are talking to Adrian bramble, who is a tiktok influencer and online entrepreneur, as well as doctor bradlee clown, who is also a tiktok influencer and financial therapies. And we are talking to twenty one harsh truths about financial freedom. We're going to take a short break. And g and this is the earn and invest.

I guess.

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We are back with Adrian brain, bela and doctor bread plants, and we are discussing their book, start thinking rich, twenty one harsh truth that will take you from broke to ridge bread. Let's talk about something that I may disagree with you. Does money make us happy? You spend some time talking about this in the book.

So my take has evolved over time as I look at the latest study that comes out. And by the way, if you have a Better take this more accurate, i'm all years, i'm always looking to improve my thinking. But essentially, the early research showed that there was no statistically significant benefit of money over what was approximately immediate income. So the average income .

can indeed just we're talking about studies are going to bring up sounds so that deton article from I don't remember how longer but ahead oh.

you're Better than me. I don't I don't even remember but yeah, I had been something you've been studied many, many times and the number sorted win up according to the medium income and economic sense. Like if you look around and you have a whole lot less than other people around you IT relative deprivation gna kick in. And there's been a lot of research on this where it's not about an objective number that makes you feel happy and fulfilled and you're got enough.

It's it's what you have compared to people around you, which which bring social media in the play, which makes a really chAllenging for all of us because regardless of how much you thought, how so happy you thought you were just got on instagram and you can see people way happier than you or at least portraying that. Um and then more recent research that I think had um looked at things in a Better statistical way. IT just basically had Better ranges in terms of you know wasn't like over seventy five thousand and looked at subcategories, there seem to be and overall effect where that number just kept continuing ing to grow now.

So I say that, but I also believe on a on a very deep human level. It's really at the end of the day, it's really about how much money you have an account. It's about your relationships and the experiences you have with people. But I will say this that if you have to work eighty hours a week um to feed your family and to um make ends me, there's you're very likely to have lower life satisfaction because you're not able to spend the time with the people you love, doing the things you love. But I am dying to hear your perspective dark.

I think what you ended with is a great perspective. And of course, we don't really know the answer and you guys make this point and it's true being poor socks there. There's no way around that being broke specifically, maybe I didn't say or being broke sucks, right? Not having money, we know this.

To be sure i'm very interested in the data because I do a lot of talking about purpose. The first day that you talked about was conomo and deemed the seventy thousand dollars, said a Matthew killingworth was the guy who then started building on that and doing bringing more date and said, now if you really look at this, there's actually groups who do do Better with more money. Eventually, economy and killing's worth looked at the data together and came up with their own conclusions, which echo what pretty much you said.

My only problem with that, and this gets a little nerdy, is if you look at the condiment data, and i'm not an expert, any of this, but if you look at the kind of a data, it's kind of this retroactive cof. Look at the huge databases where they kind of took data V R T, had and then pull out what they're looking for. And then if you look at the killings worth data, what IT is, is they basically send, I believe, was either text or emails to the same people multiple times a day for a certain number, weeks or months and get this very quick short term data and then made a bunch of assumptions on IT.

I'm a big fan of the harvard adult health studies. The harvard to adult health study has been going on for seventy years. It's prospective and they've been doing question is asking people as well as their family members about their lives every year to and what they kind of found.

And you guys have heard this to, i'm sure what was most related to happiness. And IT wasn't money and IT wasn't achievements and IT wasn't career. IT was exactly what you said in the end, which is the interpersonal connections.

And so in a lot of ways I questioned isn't money, isn't money. But the last point you made, which I think is the most fantastic point, is, look, money gives us the freedom to really pursue those interpersonal connections. And that might really be the connection that somewhat proves your point of of kind of what you're saying in your chapters.

Yeah I think it's you know we we describe IT as financial freedom and um both of us I would say ten towards the minimalist approach to stuff know I always talk about experiences are Better than stuff. And um that brings true when I look in the research that we've done on self mate millionaire and what are their priorities. And IT goes against what you see on instagram.

But most of them described themselves as frugal. They look at themselves as you know, more the sabor than to spend and for people with a poor mindset, and you know who you are. And I was certainly me when I was Younger too, when I got out of bread school owning a bunch, owning a bunch of dad, I went on bota nice, you know, two thousand dollar watch and some gold jury for my mother, because I felt like I finally made IT.

And this is what rich people do, and I need to, like, look like a rich person. And then over time, as I researched IT, that's actually the opposite of of what people do. Usually when people are on social media, for example, flexing these luxury brands and all this, they are really not feeling good about themselves, right? And quite often there in financial trouble, or at least they're heading for financial trouble.

And it's those sort of outward displays of wealth and that sort of a focus on that, that really misses the mark. I don't make you miserable because you're in dad and IT actually has nothing to do as sustained happiness as as you describe. It's really being able to fulfill your lives, mission and purpose. And for many of us, that's our our closest relationships and and experiences .

with people we love age you I want to attack another um maybe I take a to use your own words you guys say that people who say they love their jobs are lying and but yet I look at you too right and you too probably what what you're calling your job today you actually embrace with joy and excitement I mean, I can hear in your voices and seat in your faces we're talking about this wonderful book. Tell me about that headache .

yeah the idea of having a job is even with that words like you, people need a job because you have builds pay, right? So this this is for people that have a job that don't have financial freedom. The argument is that even if you are doing something that you love, there's too many variables. And because you need the money you're going to put up with things that you don't like.

I i've even said like, let's say your jobs s petty puppies like we will be amazing right every single day, all day long eventually I mean, even for the serious dog lover, your your clock and forty hours a week, petty puppies like you need a break but you can't could you need the money? Then another scenario, your pending puppies is so awesome, super court labori doodles like all kinds of puppies and then you get a new boss and the boss and all right, but you need the money. And so you have to step, and I need to put up this boss.

Or even though you're doing the most amazing thing in the world, you have an a boss. And anyone who's had a bad boss will tell you, like a bad boss, room thing you love and because you don't have the financial, I know what i'm done. I'm out here.

You have to say you problem another arrow, you sign up, sign a contract. I want to be a professional pup, Peter. Amazing you love IT now month then the boss is like he um by the way, we we don't have a cleaner anymore and so you're going up to now clean about the P M pop.

And this happens a lot in our ninety five jobs. What would you originally sign up for? You read the you, you read the description.

You sign up the sounds great. And then you get into IT. And like, oh, actually, we need to do this and this and this and this.

And guess what are they going to pay you more money to do the cleaning now? No, there is going to tack IT on and i'll tack on something else and then you have to pick up shifts and because you you're doing because you don't have the financial freeing to say, no, I can I don't want to do IT when you have financial freedom and you go after a job by choice, you choose to say by choice and this is why I went to because because I I learned I do not like working for someone else. I love l collaborating with other people.

I love doing that, but I don't like working for someone else. I don't like being told what to do. I don't like being micromanaged.

I 就是 IT boiled me to the core。 And I and I and I worked in the ninety five IT took me five years side hustling in order to match my income to leave and I and I i've never looked back. I've never craved, uh, a working on a job.

But yeah that those are some of the main points. I think the other the other thing is when I say that, people say, but that at work is where I made all my friends. And I think, man, and in terms of a friend pool, people are defaulting to that because they actually haven't had the freedom to go and do other things where I think you'd make higher quality friendships.

The fact that you all do accounting, that's the thing that brought you together. I'm so glad that you've made friends that do account. It's great.

But if you are into pick ball and you go play pick ball, I mean, just wait your your friends your friends are about to explore because that's just a great community, if you like hiking. When I was dancing, I would meet other dancers, and I really buy with those people. And now i'm a crater. I love meeting other craters and and I really vive with those people. If I was working in marketing, at a marketing agency, I might make some connections, but my truth relationships come from the truth passions that I have, which typically aren't found at a job.

The book is, start thinking, rich, twenty one harsh truth that will take you from broke to rich. What I take from this conversation and we we can't get to all these harsh truth, right? There's twenty one of them.

We've talked just about a few of them, but there are some difficult messages that we need to hear because there's only so much we can change. We can change our system on some level. Yes, we can become politicians and we can get involved in our political system.

But the truth that matter is life is unfair, even in those wonderful a country as we live in their parts of IT that are unfair. And we can't change that, at least not immediately, but we certainly can change our behavior. And this book is a perfect guide on how to do that.

I want to end this episode the way and every episode, by asking people how they can get your wonderful book. Brad, this is gonna come out on the twenty eighth in your book, drops on the twenty seven. So that would be yesterday. What is the best way for people to get this book?

Well, IT should be available at any place. You would buy books, amazon barns in noble bookstores. And, uh, we have a special website that we're creating just for you. Um so it's start thinking rich dot com flash earn and invest where we have will have something special for your listeners and be able to share that with you. Dock really appreciate you have an a song.

Adrian rambler and doctor bradley class. Thank you so much for being on earning an invest today.

Thanks so much. As last.

That's a rap.

Erna invest is now part of the airwave media pie casting network, and visit airwave media die come to listen and subscribed to this show as well. Other finding parking.

So I wanna tell you a secret, maybe when I don't, anna, get out about my book, the purpose code in that book, I talk about how purposes associated with health, longevity and happiness. But if you hear me on any pig guests talking about the book, i'll also tell you that the harvard developmental health adult study, starting in the early ninety hundreds, following thousands of people doing mr. eg.

Questioners blood tests over the years, over and over again, studying people for over eighty years, or what are they show most associated with happiness? Well, IT isn't purpose. IT isn't money.

That isn't achievements. It's interpersonal connections. Again, I said IT isn't purpose. But didn't I just say that purposes related to health, happiness and longevity? But here's the thing, the important type of purpose, what I call little pee purpose, actually connects you to other people, because you shine when you're doing intentional things that let you up.

And when you shine, you connect to other people around, you become collaborators, you become teacher and student, mentor and man t this is where the interpersonal connections come in. So little people, purpose connects you other people, and is an avenue to what the harvard study found about interpersonal connections and eventually, happiness. How did I learn this? Well, after years and years of being a doctor and not really connected to anyone I worked with, because I didn't really relate to that identity too well, I started to a spouse, the identity and the purpose of being a communicator, and talking, writing, public speaking, podcasting about personal finance.

So I went to a bunch of personal finance conferences, and I met people that I naturally connected to right away. One of those conferences is fine. Can if you've never heard of thinkin, that happens every year.

IT is a financial media conference, especially people who in the business of financial media, I went to my first one in two thousand and eighteen. It's where I met. Some of the people have become my best friends today.

I was quite an experience, and that was an example of me following my purpose, which was podcasting, writing, having these big conversations, but IT LED me to people, people who now populate my life. Why am I talking about this? For two reasons. One is, i'm recording this early. I'm actually haven't even gone through and edited the podcast you're listening to today.

I'm recording this early because i'm going to be at fin kn for the next bunch of days in atlanta, and i'm excited to reconnect with people and see a bunch of people there I haven't seen for the last year and use my purpose to build those interpersonal connections to have more happiness. So that point one is i'm going to think I am really excited. This is what lights me up.

The other reason I wanted to bring IT up is if you are a physician, a dentist or a high networks individual, there is another conference, which I think we will be interesting to you and I will be key, noting IT as giving a separate talk about purpose there. And that is the White coat investor conference. Basically, you can go to W C I events dot com.

Again, that's A W C I events dot com. If you use my discount code Jordan two hundred, you get two hundred dollars off the in person registration. This is a great conference for high network individuals to make sure that you get the most out of your money in your high income so you learn how to pay off debt and so you can build wealth.

IT is one of the best physician financial conferences. Again, IT is called A W, C, I, or White code investor con W C I events dot com, and my discount code is jone two hundred. I will be giving two talks, and it's in san antonio, end of february, early march. And i'm to be giving both to talk about my first book, taking stock, what the dying to teachers about money in life, and also a talk from my second book, the purpose code, about how we get purpose wrong.

I would love to see you there, not only because I think you would learn things, but when you practice your own little pee purpose, you show to things like conferences, you meet people, and those people become your collaborators, your teachers, your students, your mentors, your mentees, and that that is what happiness looks like. So check us out A W C I events 点 com。 The code is Jordan two hundred. Get two hundred dollars off the registration and come hang out with us a bunch of doctors, dentists, high nett orth individuals, and talk about money, happiness, purpose and living a good life.

Are, I believe, things going for the aftershock. So I just catch a little bit of what we talk about afterwards. I take on the fire movement. I didn't have time to get this into the questioning, but tell us about how you feel about the fire movement.

bright. And I have electrical attra. Short, bright. And I we, we put the heads on two categories in the book. One was .

a cation, a cation.

Actually, we have the same. We agree. I think education, like, if you I like I said, if you want to be really good at sales, if you want to be in business, like you should start your own business, don't go to school for IT. If you want to do other things like anything you do dog like got to go to school. So I think it's relative, like where are experienced es, but mortgage get having a home.

Because when I was doing extremest, that's why I opened my eyes up to the fire movement and I met a lot of other fire move and authors and stuff and and I feel like the brad side when he told me I I know there was people I didn't really had a con to the fire movement, uh, that from bread side i'll let him talk about. But I to me I understand the logic like why, say fifteen percent, why when I can save fifty and and the sacrifices like I I can be frugal. And I think seeing my parents immigrant like I can live, I can live broke, I totally I can to say, but I also think the quality of life is is something I know you want to live, you don't want to, you don't want to live on the street if you want to really save money, like be homeless and then you like, what's the quality of life for that? So yeah, I hear that side of that.

But I think there's a way by just being more intentional, being not not being trapped by the consumer world they were in and then really being smart where you you can like you can drive, improve your your speed to get to financial freedom. And I I think that's worth to take. And to me, if I to sacrist hot. bread.

Yeah, i'm a fan of the fire movement. I really am in general like I love the mindset of i'm going to stack right now for the future. There is a couple issues that I run into with that and i've seen this play out with, uh, people outside the fire movement who are, you know, very famous musicians and actors and people who've, like sacrifice so many years to achieve this goal.

Because once they get the goal, then they're GTA be happy, right? And so meanwhile, they've ve destroyed their health. They've destroyed all their relationships.

Nobody wants to talk to them. Their kids refused to answer a phone call because they sacrifice so much. Now, on the fire side, all these people are wonderful people. But I think sometimes they have a fanta sy of what, quote, retirement means. And we have a chapter that's called retirement ist for dead people.

And so I think that you can, if the degree to which you are delaying your happiness and enjoyment of life, because you think this thing that you're gonna get in the future is gonna a suddenly change your mood and you're going to go from a person who's not very happy to somebody who's happy is really misguided and because I think that you have to practice happiness along the way or you're going to suck at IT um maybe even more after you have achieve your goal because you've attached a bunch of things to the school and how he is radical going to change everything and ultimately you're gonna become accustom to a six months and twelve months and i've worked with so many people to um have achieved financial freedom in their thirties and forties and then go into a massive depression about a year later, struggling with a sense of purpose, especially if they sign a non compete. So like for the next five years they can do anything in the thing that they are passionate about. I've suggest en people crash and burn.

So I think it's uh, first all it's not it's not um an argument around the percentage that are saving and investing. I get really excited when I here that you're doing ninety and i'm kind of jealous. Um but I think it's it's attaching too much to that end and sacrificing your life in the middle.

I hate most business podcasts. It's all blow, blow, blow. Tell me your background now nobody has time for that. I'm Jason fiver, editor in chief of entrepreneur magazine and host of the podcast problem solves.

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Hey, this is dam bova from entrepreneur r common. I'm going to be honest with you. I'm not the world's most successful person, and that's why i'm so excited to be hosting our show, how success happens where I get to speak to and learn from people who are everyone, from superstar athletes, comedians to writers to tech founders.

I don't always know what they're talking about, but i'm sure you will. Because you are way smarter than I am. That's how success happens. Hope you check IT out.