Build a Bigger Life or
be Broke Busted and Disgusted
Take away: Build a bigger life, not a bigger life style.
Action step: How much of your income do you own? What are all your monthly payments for loans and how much of that is interest?
Money Learnings: Adam grew up thinking he was affluent but his family was living in debt. His dad had an abundant mindset and his mom came from scarcity. When Adam turned 19 his dad said any money from now on is a loan.
Bio: Adam’s passion is helping people and corporations succeed faster by leveraging money, time, relationships, and service. Adam is the the author of “Winning the Money Game,” which is taught along with its corresponding curriculum in high schools and colleges across the country as a financial literacy supplement. He also has his own podcast called, “Build a Bigger Life”. He is the founder of National Financial Educators. He’s presented over 500 colleges and universities all over the country on the topic of student loan debt and financing education. He also created a movie on student debt “Broke, Busted and Disgusted”
Highlights from this episode:
- Why we should cut off our kids off from our money.
- How letting kids struggle, is truly loving them.
- Building and losing wealth across generations.
- We are always playing the money game, we are either winning or losing.
- Building a bigger lifestyle will lead to a smaller life. Why we should build a bigger life!
- How stuff creates obligations and leads us to wanting even nicer stuff.
- What is really significant in your life?
- The gig economy and how the nature of work is changing.
- Is college worth it?
- Is an Ivy league education worth it?
- Build your power 100 list and then leverage the people on it.
- The movie: https://www.brokebusteddisgusted.com/
- The Nitro College podcast episode on Richer Soul https://richersoul.com/ep-0015-richer-soul-how-to-pay-for-kids-college-with-mike-brown-from-nitro/
- How to shred your mortgage debt quickly.
- Who owns more of your income, you or the bank?
- http://www.shredmymortgage.com/
- Adam’s 6 week trip to Italy.
Thanks for listening!
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Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.
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