Episodes
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Today, we have JL Collins on the podcast, a best-selling author and Financial Independence blogger.
JL’s first book, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life, was published in 2016 and has become something of a bible for people in the financial independence movement.
He joined me today to discuss his new book: Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence.
We talk about financial independence theoretically, but more, we talk about stories of JL’s readers who’ve written to him or called him to tell him their story.
People who’ve shared how his lessons on financial independence have changed their lives and from that, my friends, I hope there are lessons that can change your lives
Timestamps:
[08:46] The Post-College Adventure: JL discusses his decision to travel through Europe after starting a career and how it shaped his financial goals.
[11:37] The Power of a High Savings Rate: The importance of maintaining a high savings rate for achieving financial independence.
[18:59] Financial Independence, Happiness, and Life Purpose: JL explores deeper philosophical questions about the relationship between happiness, purpose, and financial independence.
[21:43] Early Financial Discipline: How early financial discipline translates to long-term financial security.
[27:44] The Rare Advocacy for Financial Independence: Why the pursuit of financial independence remains rare in a society dominated by consumerism.
[39:20] Debt Repayment Strategy: The pros and cons of paying off small debts versus focusing on high-interest debt first.
[57:49] Living Differently: The benefits of living a non-conventional lifestyle to achieve financial independence.
[01:06:24] The Magic of Compounding: The power of compounding and how it can turn small initial investments into substantial wealth.
Connect with JL Collins:
Website – https://jlcollinsnh.com/
Twitter – https://x.com/jlcollinsnh
Facebook – https://www.facebook.com/profile.php?id=61553123045028
Books by JL Collins:
Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence―And How to Join Them
The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life
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In today's episode, we're flipping conventional wisdom on its head by diving deep into the surprising philosophy of using laziness as a superpower.
Join me as I talk about how this counterintuitive approach has helped me achieve remarkable milestones: becoming a CFO, completing an Ironman and an ultra marathon, running every day for a year and a half, and building a multimillion-dollar portfolio, all while maintaining a rich personal life.
I'll break down the key pillars of "lazy efficiency." We'll explore how saying "no" strategically can open up your calendar for what truly matters, why automation and delegation are your best friends, and how to transform wasted spaces into productive opportunities.
Whether you're looking to optimize your professional or personal life, this episode promises to change how you view and leverage your own laziness for a more efficient and fulfilling life.
👉 For more on this episode, check out the website:
https://thegrowth.guide/podcast/laziness-is-a-superpower/👉 If you want to learn how to Live Better, Achieve More, and Be Financially Free, Sign up for my Free Newsletter:
https://thegrowth.guide/newsletter/
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Episodes manquant?
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Today, we have Brian Preston on the podcast. Brian Preston, (CPA, CFP®, PFS) is the author of Millionaire Mission and Founder & Host of The Money Guy Show.
Brian lays out a nine-step system for building wealth with the money you already have in his new book: Millionaire Mission.
We cover the five levels of wealth, financial order of operations, and the mindset needed for wealth building. Brian also discusses the importance of balancing savings and enjoying life, understanding the difference between being rich and being wealthy, and the impact of savings and investing on one's financial journey.
I really enjoyed this conversation with Brian, and I hope you do too.
Timestamps:[1:56} The Influence of Mr. Morrow: The Morrow moment, a pivotal event that changed Brian’s financial journey.
[4:14] “Army of Dollars”: the idea of an "army of dollars" working for you while you sleep.
[9:07] Financial Order of Operations: A step-by-step guide for managing money.
[13:12] Cash and Retirement Accounts: Important of having emergency reserves and having retirement accounts.
[16:37] Being Rich vs. Wealthy: Brian explains the difference between being rich and being wealthy.
[33:45] Teaching Children About Money: Brian shares his approach to teaching his daughter about money and savings.
[52:37} Financial Independence: Brian shares his journey to financial independence, starting with small investments in his 20s.
[56:59] The Five Levels of Wealth: Stability, strategy, security, freedom, and abundance.
[1:02:49] Maintaining Financial Discipline: Brian emphasizes the need for regular measurements and success indicators.
Connect with Brian Preston
Website – https://moneyguy.com/
Instagram – https://www.instagram.com/moneyguyshow/
Twitter – https://x.com/moneyguyshow
LinkedIn – https://www.linkedin.com/in/moneyguy/
TikTok – https://www.tiktok.com/@moneyguyshow
YouTube – https://www.youtube.com/@MoneyGuyShow
Book by Brian Preston:Millionaire Mission: A 9-Step System to Level Up Your Finances and Build Wealth
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In today's episode, we dive into a popular entrepreneurial concept: "burning the boats." I talk about the historical roots of this idea, drawing inspiration from the story of Spanish conquistador Hernan Cortes.
But is this approach really for everyone? I also introduce the "Spider Man approach," advocating for a more cautious and strategic way to pursue new ventures while still working a 9 to 5 job.
Join me while I discus the risks, rewards, and personal considerations of both approaches, guiding you on your journey to financial freedom and success. Whether you're considering burning the boats or swinging like Spider Man, this episode offers valuable insights to help you make the best decision for your future.
👉 For more on this episode, check out the website:
https://thegrowth.guide/podcast/burn-the-boats/👉 If you want to learn how to Live Better, Achieve More, and Be Financially Free, Sign up for my Free Newsletter:
https://thegrowth.guide/newsletter/
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Today, we have Ross Simmonds on the podcast. Ross is an entrepreneur and marketing strategist, and is the founder of Foundation Marketing, a B2B content marketing agency that combines data and creativity to support successful and ambitious software brands in the worlds. Foundations has worked with brands like Canva, Jobber, Enboarder and more.
Ross joined us today to discuss his book, Create Once, Distribute Forever: How Great Creators Spread Their Ideas and How You Can Too.
In this episode, Ross emphasizes the importance of intentional and supportive relationships, with a focus on resilience, community engagement, and effective content distribution across multiple platforms.
Ross shares insights on repurposing content, leveraging social media metrics, and the significance of building genuine connections to attract success. We explore the challenges of creating content, managing backlash on social media, and practical advice for dealing with criticism.
Tune in for strategies to level up your social media game.
[07:07] Leverage Twitter: Leveraging Twitter for virality requires strategic content.[14:49] Content Creation: Create valuable content to capture potential leads.
[21:10] Repurposing Content: Repurpose content for multiple platforms to maximize reach.
[40:18] Email Lists: Build email list for direct, effective communication.
[54:44] Empower Others: Celebrating others leads to increased engagement. Empower and uplift through recognition and support.
[59:39] The 4 E’s: Use 4 E's to steal an audience.
[01:06:14] Sharing work: embrace feedback and learn. Fear communities.
Connect with Ross Simmonds
Website – https://rosssimmonds.com/
Instagram – https://www.instagram.com/thecoolestcool/
Twitter – https://x.com/thecoolestcool
LinkedIn – https://www.linkedin.com/in/rosssimmonds/
YouTube – https://www.youtube.com/@RossSimmondsTV
Create Once, Distribute Forever: How Great Creators Spread Their Ideas and How You Can Too
Book by Ross Simmonds
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In today's episode, we dive into a topic we all face at some point - hitting the wall.
I share my personal experiences and offer valuable insights on how to bounce back from burnout and avoid hitting the wall in the first place. From setting boundaries to self-care techniques, I provide practical advice to help you recharge and excel.
Join me as we explore the importance of awareness, prioritization, and the 3 d's - defer, delete, delegate. Plus, learn six simple steps to bounce back, including reconnecting with hobbies, getting ample rest, and practicing mindfulness.
Tune in and get ready to tackle burnout and achieve more in your life.
👉 For more on this episode, check out the website:
https://thegrowth.guide/podcast/hitting-the-wall/👉 If you want to learn how to Live Better, Achieve More, and Be Financially Free, Sign up for my Free Newsletter:
https://thegrowth.guide/newsletter/
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Today, we have Scott Young on the podcast. Scott is the Wall Street Journal bestselling author of Ultralearning, a podcast host, computer programmer, and an avid reader. Since 2006, he has published weekly essays to help people learn and think better. His work has been featured in the New York Times, Pocket, and Business Insider, on the BBC, and at TEDx among other outlets.
Scott joined us today to discuss his new book – Get Better at Anything: 12 Maxims for Mastery.
In this episode, we take a deep dive into learning and skill development with Scott. From the debate around unlearning in psychology to the real-life examples of refining motor skills, we explore the complexity of acquiring new abilities. Scott’s expertise helps enrich our understanding of deliberate practice, problem-solving, and the power of imitation in creativity.
I really enjoyed this conversation with Scott, our second one, and I hope you do too.
[05:34] Learning is complex, with three main themes: learning from others, practice, and feedback.
[19:52] Embracing failure is important, but not always the best teacher for success.
[21:43] Success comes from learning by doing and having early victories is key for motivation and learning.
[32:02] Questioning value of extreme dedication and improvement in skill.
[42:08] Strategies include watching problem solving and detailed storytelling for knowledge retention.
[52:41] Learning through examples, feedback, and cognitive load in problem solving.
[1:07:40] Discussing mind as a muscle and transference for skill improvement.
[1:18:04] Learning new skills requires practice and consistency to overcome old habits and succeed under stress.
Connect with Scott Young
Website – https://www.scotthyoung.com/
Instagram – https://www.instagram.com/scotthyoung/
Twitter – https://x.com/ScottHYoung
LinkedIn – https://www.linkedin.com/in/scotthyoung/
YouTube – https://www.youtube.com/@ScottHYoungVid
Books
Get Better at Anything: 12 Maxims for Mastery by Scott H. Young
Ultralearning: Master Hard Skills, Outsmart the Competition, and Accelerate Your Career by Scott H. Young
👉 For more on this episode, check out the website:
https://thegrowth.guide/podcast/get-better-at-anything👉 If you want to learn how to Live Better, Achieve More, and Be Financially Free, Sign up for my Free Newsletter:
https://thegrowth.guide/newsletter/
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Enjoy this re-release with my guest, Brian Feroldi. Brian is a financial educator, author, speaker, creator, and YouTuber. Brian began investing in 2004. He had no idea what he was doing at first, but as his experience and knowledge of the stock market developed, his returns improved considerably. He enjoys assisting others in making better financial decisions, particularly with regard to investments. He joined us today to talk about his book, ‘Why Does the Stock Market Go Up?: Everything You Should Have Been Taught About Investing in School, But Weren't.’
According to Brian, the most powerful time to start investing is when you are young. The more time that you have on your side, the more powerful the dollars that you are putting into the market. Brian shares the common investing mistakes people make and how to avoid making those mistakes.
We explore the benefits and potential pitfalls of taking a company public and investing in mutual funds. Brian also dives into the history of the Dow Jones Industrial Average and the creation of the S&P 500.
Whether you're a seasoned investor or just starting out, this episode offers valuable insights into the world of finance.[02.54] US stock market – Starting the conversation, Brian explains why he addresses the US stock market as the greatest wealth-creation machine of all time in his book.
[10.29] Selling ownership – We talk about how a corporation can raise money from investors by selling ownership in itself.
[16.03] New York Stock Exchange - The largest stock market exchange in the world today.
[23.15] IPO – Brian defines what an IPO is and how it interfaces with the stock market.
[30.21] P/E ratio – Brian defines the Price to Earnings ratio and the macroeconomic factors that resulted in a high or low ratio in different time periods.
[38.05] Benjamin Graham – Benjamin Graham invented the concept of value investing, influenced Warren Buffett
[43.00] Compounding - The compounding of an investment leads to massive gains in wealth over time.
[50.49] Mutual funds – Brian explains the reasons for the underperformance of mutual funds.
[59.46] Financial advisor – We talk about the things people need to be looking out for if they are going to use a financial advisor.
Resources
Connect with Brian
Website - brianferoldi.com/
LinkedIn - linkedin.com/in/brianferoldi/
Instagram - instagram.com/brianferoldi/
YouTube - https://www.youtube.com/@BrianFeroldiYT
Twitter - twitter.com/BrianFeroldi
Book by Brian
Why Does The Stock Market Go Up?: Everything You Should Have Been Taught About Investing In School, But Weren't
Book by Robert T. Kiyosaki
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
Book by Terry Smith
Investing for Growth: How to make money by only buying the best companies in the world – An anthology of investment writing
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In this episode, we'll take a journey through the different seasons of life that shape and define our existence.
From Formation, where our character is molded by early experiences, to Adolescence, where we start setting the foundation for our future, to Baby Season, a time of pure joy in bringing new life into the world.
But we'll also dive into the harder seasons, such as Funeral Season, where we confront loss and grief, and ultimately, the final season, Death.
Join me as I navigate through the beauty and lessons of each season and learn to cherish the moments along the way.
👉 For more on this episode, check out the website:
https://thegrowth.guide/podcast/the-seasons-of-life/👉 If you want to learn how to Live Better, Achieve More, and Be Financially Free, Sign up for my Free Newsletter:
https://thegrowth.guide/newsletter/
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Today, we're diving into the phenomenon known as the Spotlight Effect.
I talk about the social psychology behind this concept, exploring how it can impact our daily lives, from social interactions to financial decisions. Discover how the fear of judgment and the need to impress others can influence our behavior and spending habits.
Join us as we uncover strategies to minimize the power of the Spotlight Effect and gain valuable insights into achieving personal growth and financial freedom.
👉 For more on this episode, check out the website:
https://thegrowth.guide/podcast/the-spotlight-effect👉 If you want to learn how to Live Better, Achieve More, and Be Financially Free, Sign up for my Free Newsletter:
https://thegrowth.guide/newsletter/
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Enjoy this re-release of one my top listened to episodes with my guest, Derrick Kinney, CEO of Good Money Framework and host of the popular Good Money Podcast. Derrick is recognized by Forbes as one of the nation’s top financial advisors and he’s coached thousands of clients to financial success. We talk about his book, Good Money Revolution: How to Make More Money to Do More Good, and he teaches us to make more money, live the life we deserve and change the world, too.
Derrick walks us through the reasons for selling his practice and how he wants to help independent advisors build their practices by incorporating generosity into them. He further shares how he can get what he wants by helping other people.
Being generous to people who need it is one of the best things you can do as a human. It makes you part of others’ happiness. It makes you part of a bigger picture in society. Derrick shares one of his clients' stories about having a generous purpose in life and how it helped them grow their own businesses by being generous.
Having a side hustle is important. You can stay motivated with your side hustles once you figure out why you're doing them. You have to find your big "why," and the sacrifices you make are worth it at the end of it.
[01.24] The “Good Money” message – Derrick discusses why he wanted to bring the "good money" message to the world.
[18.40] Generosity purpose – When you connect a purpose to your money, everything changes.
[28.03] Being generous – Derrick shares how you can be generous to people when you are not financially stable.
[35.43] Saving money – How to save money and use it to invest in generosity.
[45.04] Side hustles - Derrick discusses the importance of knowing why you want to do a side hustle. Derrick believes that once you discover the reason, all other sacrifices are worthwhile.
[58.50] Money mindsets – Common money mindsets people have, how to avoid them, and keep moving forward.
[01.10.50] Setting goals – We talk about the things we need to do to make a difference in our lives every year.
Resources
Connect with Derrick
Website - goodmoneyframework.com/
LinkedIn - linkedin.com/in/derrickkinney/
Instagram - instagram.com/derricktkinney/
Book by Derrick
Good Money Revolution: How to Make More Money to Do More Good
Derrick’s Podcast:
Good Money with Derrick Kinney
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In this episode, we dive into the powerful contrasts between scarcity and abundance mindsets.
I share personal experiences and provides actionable steps for making the shift from scarcity to abundance, emphasizing the importance of gratitude, generosity, and challenging limiting beliefs.
By shifting one's mindset, individuals can overcome self-imposed limitations and achieve greater success and fulfillment in their personal and professional lives.
If you're ready to break free from scarcity and step into abundance, you're in the right place.
👉 For more on this episode, check out the website:
https://thegrowth.guide/podcast/have-an-abundant-mindset/👉 If you want to learn how to Live Better, Achieve More, and Be Financially Free, Sign up for my Free Newsletter:
https://thegrowth.guide/newsletter/
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In this episode, we explore the impact of embracing the suck and building your "get sh!t done" muscle. I share strategies for harnessing the compounding effects of consistency, challenging your own limiting beliefs, and unleashing your full potential.
I share personal anecdotes and practical advice on maintaining consistency in various areas of life. Through my own experiences as an accountant, triathlete, and writer, I illustrate the exponential growth that can result from consistent effort over time.
👉 For more on this episode, check out the website:
https://thegrowth.guide/podcast/the-power-of-consistency👉 If you want to learn how to Live Better, Achieve More, and Be Financially Free, Sign up for my Free Newsletter:
https://thegrowth.guide/newsletter/
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Enjoy this re-release of one my top listened to episodes with my guests, Kelly and Juliet Starrett on their book, Built to Move: The Ten Essential Habits to Help you Move Freely and Live Fully.
Kelly and Juliet emphasize that movement is the key to overall health. They recommend small changes in daily routines and non-exercise activities like walking, to improve overall wellness and manage weight.
They also discuss the importance of consistent sleep patterns, tracking data and setting up long-term movement goals to improve mobility. Kelly and Juliet break down vital signs beyond traditional health metrics to include physical behaviors like sleep, exercise and nutrition and offer benchmarks for improvement.
[03.17] Mobility – Starting the conversation, Juliet and Kelly share an accessible and technical definition of mobility.[22.00] Change your environment – To change your unhealthy behaviors, you have to change your environment, which will help you choose between good and bad health choices.
[25.41] Sit and Rise Test - The ability to get up and down from the ground is an indicator of mobility and movement patterns that can affect future health.
[32:44] Prolonged sitting – Sitting for prolonged periods of time affects our ability to move and perform physical activities.
[39.28] Movement for survival – Humans used to move more and carry things for survival.
[43.19] Request for change – Pain and discomfort can be managed with agency and control and engaging in safe, actionable behavior can alleviate pain instead of relying on medication or substances.
[01.01.53] Small steps for big benefits - Increase movement for better health, target 8,000 steps but can scale up or down, focus on long-term habits for all ages.
[01.10.23] Sharing meals – Eating meals together can create significant positive changes in relationships, culture, and well-being, but it should be experimented with and tailored to individual needs.
[01.24.40] Sleep – Juliet shares how many hours you need to sleep if you want to lose weight, recover from surgery, or address pain.
Resources
Connect with Kelly and Juliet Starrett
Website - thereadystate.com/
Instagram -
https://www.instagram.com/thereadystate
instagram.com/julietstarrett/
Twitter - https://twitter.com/thereadystate
Youtube - https://www.youtube.com/@TheReadyState
Book by Kelly and Juliet Starrett
Built to Move: The Ten Essential Habits to Help You Move Freely and Live Fully
Book by Catherine Shanahan
Deep Nutrition: Why Your Genes Need Traditio
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Should you live for your resume...or your eulogy?
Today, we're talking about a thought-provoking concept that challenges the conventional norms of success and fulfillmentI share a deeply personal story of his own struggle with prioritizing career and financial success over the more profound aspects of life. With a powerful message of "building your eulogy" rather than your resume, I discuss to light the transformative power of shifting priorities towards legacy, relationships, and personal well-being.
👉 For more on this episode, check out the website:
https://thegrowth.guide/podcast/building-your-eulogy👉 If you want to learn how to Live Better, Achieve More, and Be Financially Free, Sign up for my Free Newsletter:
https://thegrowth.guide/newsletter/
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In this episode, I dive into the idea of living life as if we are in a matrix, exploring the rules, patterns, and systems that can help us achieve success and fulfillment.
I talk about insights from tech visionary Elon Musk and philosopher Nick Bostro, who explain why adopting a matrix mindset can lead to a more intentional and empowered life.
From understanding skill stacks to emulating the behaviours of successful individuals, this episode offers practical insights and strategies for engineering a better future. Join us as we unpack the concept of the matrix mindset and discover the tools to help us achieve our dreams.
👉 For more on this episode, check out the website:
https://thegrowth.guide/podcast/we-are-living-in-a-matrix-2/👉 If you want to learn how to Live Better, Achieve More, and Be Financially Free, Sign up for my Free Newsletter:
https://thegrowth.guide/newsletter/
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Enjoy this re-release of one my top listened to episodes with my guest, Bill Perkins.
Bill is an author and entrepreneur. He is one of the world's most successful hedge fund managers and entrepreneurs. He joined us today to talk about his book, ‘Die with Zero: Getting All You Can from Your Money and Your Life.’From the dangers of being too dependent on work for social interactions to maximizing net fulfillment, Bill shares his thoughts on how to live life fully and free of fear. He gives practical advice on leveraging experience, making deliberate financial decisions, and prioritizing fulfilling experiences over mere material wealth.
He also shares his personal experiences on discovering new passions later in life and learning from other people's mistakes to achieve one's goals.[05.38] Valuing your time – Bill discusses how to calculate your true hourly wage by factoring in all the costs associated with work.
[12.30] Inherent leverage – Find leverage in your industry to become wealthy, such as real estate or commodities trading.
[22.02] Regretting life – We talk about minimizing future regrets in our lives.
[27.13] Time buckets – Rearranging what you want to do with your life according to the correct timeline.
[35.01] Finding fulfillment – We have to think about whether the work we do or the things we want give us the fulfillment we need in life.
[45.05] Invest in experiences - Invest in experiences early for maximum fulfillment and memory dividends.
[01.06.48] Optimizing – We talk about how to live your life to the fullest with the time you have left.
[01.14.03] Priorities – Sorting out priorities in your life is essential.
Resources
Connect with Bill
Website - diewithzerobook.com/welcome
Instagram - https://www.instagram.com/billperkins/
Twitter - twitter.com/bp22
Linkedin - https://www.linkedin.com/in/bill-perkins-dwz/
Books by Bill Perkins
Die with Zero: Getting All You Can from Your Money and Your Life
Book by Don Miguel Ruiz
The Four Agreements
Book by Peter Attia and Bill Gifford
Outlive: The Science and Art of Longevity
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In this episode, I challenge the belief that money is evil and explore how this misconception can lead to a scarcity mindset and aversion to wealth.
I talk about how society ingrains these ideas through cartoons, childhood stories, and the messages we receive from our parents. I share personal experiences and insights into how negative programming around money can impact our self-worth and financial future.
I also dive into methods for challenging these unconscious beliefs, integrating them into our lives, and cultivating a more positive relationship with money.
For more on this episode, check out the website:
https://thegrowth.guide/podcast/money-isnt-evil/👉 If you want to learn how to Live Better, Achieve More, and Be Financially Free, Sign up for my Free Newsletter:
https://thegrowth.guide/newsletter/
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In this episode of The Growth Guide, I explore the concept of having a beginner's mindset and its importance in achieving success.
Using the story of The Monk and the Teacup, I highlight the need to approach learning with humility, openness, and a willingness to discard preconceived notions. I also talk about practical steps for cultivating the beginner's mindset, such as being curious, embracing uncertainty, learning from mistakes, and seeking diverse perspectives.
Join me to dive into the power of the beginner's mindset and how it can lead to personal and professional growth.
For more on this episode, check out the website:
https://thegrowth.guide/podcast/have-a-beginners-mindset/👉 If you want to learn how to Live Better, Achieve More, and Be Financially Free, Sign up for my Free Newsletter:
https://thegrowth.guide/newsletter/
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In this episode of The Growth Guide, I dive into the topic of imposter syndrome, a feeling that affects both high achievers and everyday individuals.
I discuss the prevalence of imposter syndrome and its various manifestations, drawing from my own experiences. I talk about recognizing and overcoming imposter syndrome, providing practical tips and advice for reframing negative self-talk, celebrating successes, seeking mentorship, and practicing self-care.
For more on this episode, check out the website:
https://thegrowth.guide/podcast/imposter-syndrome/👉 If you want to learn how to Live Better, Achieve More, and Be Financially Free, Sign up for my Free Newsletter:
https://thegrowth.guide/newsletter/
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