The Truth About Money
What is the truth about money? What about what’s important and what matters? George G explores these questions and asks you to do the same!
Listen to us On
About the Episode
What is the truth about money? What matters and what’s important about money? Have you ever thought about those things? Is there any evidence that what you think matters actually does in your life?
George G talks about that and how to move from conception to reality!
Did you get anything out of this episode? Do us a solid and leave a review:
https://ratethispodcast.com/alignedmoneyshow
Learn more and engage at MoneyAlignmentAcademy.com, Twitter, LinkedIn, Instagram, YouTube and Facebook.
Buy George G a coffee (he loves coffee)
https://www.buymeacoffee.com/lifeblood
Have George G speak
https://moneyalignmentacademy.com/speaking/
Financial literacy and wellness for individuals, families, and companies
https://moneyalignmentacademy.com/
Find George G’s books here
The Aligned Money Show is the podcast for Money Alignment Academy, copyright 2024.
George Grombacher
Host
Episode Transcript
They letter today’s letter comes to us from Little Jenny. Little Jenny writes Little Jenny writes, Dear George, gee, what’s true about money? For a question? Oh, Jenny, what’s true about money?
That’s a great
thought exercise conversation to have just in general, what’s true? What do you believe to be true?
There is objective truth, not just true, true. And there’s Subjective Truth, which is, for lack of a better term, your lived experiences, and of course, your opinions about things. What’s really true about money, and when I think about what’s true, I tried to go to first principles.
And those are the foundational truths, first principle thinking, extremely valuable. I first learned about first principles, thinking through the great Elon Musk learning about his process for thinking about and entering and then disrupting industries. He’s obviously done this numerous times. Now, he made electric vehicles commercially viable. They’ve been around for a long time, but he made them ubiquitous, and he is making space travel. Possible he is with neural link and star link and drilling holes under major US cities. Instead of just going based on conventional thinking, or conventional wisdom, he goes to first principles and says, Okay, this is how the current state of play looks when it comes to launching human beings or stuff into space. This is what current thinking is when it comes to an electric vehicle and a battery, and how it all works. And show I see that, but let’s take a big step back and operate from first principles and see if there’s not ways to make this better, more efficient, smarter. So whenever I think about what it’s true, I try to get rid of all the preconceived notions that I and everybody else have.
And strip away all the assumptions that I have, and try to recognize all the systems that are operating under. Because we’re all operating under so many different systems and assumptions from the way that we’re wired and our operating systems in our heads and the people we grew up with, and the way that we grew up in the places that we grew up with, and everything else we’ve been indoctrinated good and bad, into our line of thinking and our values. And so those are the lenses through which we view the world and the frameworks through which and by which we make decisions about things. And it could be good, it could be bad, but I think it’s always beneficial to think about what’s true. And then to answer Jenny’s question here, what’s true about money? And after all, that, it’s still a great question. So there was a sermon by John Wesley that he delivered in the 18th century, and it was entitled The use of money. So John Wesley, the use of money, he was the founder of the Methodist Church. And his core message on that sermon, the use of money was earn all you can save all you can give all you can. So I think that those are three absolute truths when it comes to money and personal finance. So earn all that you can. Another way to say that would be to maximize your income. So however, that takes shape takes form. It is make yourself as valid, valuable as you can to the marketplace through education through knowhow through expertise, through either figuring out how to outwork people or work more or outsmart or work smarter, or some combination of the two really practical uses are to understand and know your value to be able to ask for it negotiate for what you want. It is to recognize the state of play in the organization that you’re with and what it takes to move up the ladder. It is identifying a gap in the marketplace and becoming an entrepreneur and starting the business to meet the needs and to provide additional value. It’s all of these things. Save all that you can mean that’s about as basic as it gets, but you could certainly throw in there invest all that you can. So are we able to save money my grandpa used to say, and he was had a successful career in the life insurance industry. He would tell everybody they sat down with and he would tell me I could tell you know, I could tell for you to be successful.
More Episodes
Fix and Flip with Viktor Jiracek
EPISODE #1166 Fix and Flip with Viktor Jiracek We talked about fixing and flipping residential real estate, how to determine good targets, how to do the renovations, sell for a profit and get the funds to make it happen!About the EpisodeLifeBlood REI: We talked about...
Removing Money Blocks with Amanda Barrientez
EPISODE #1165 Removing Money Blocks with Amanda Barrientez We talked about money blocks, what they are, what causes them, how to get past them, the role our unconscious mind plays, and how to take ownership of our lives with Dr. Amanda Barrientez, Founder and CEO of...
Tax Planning with Shauna Wekherlien
EPISODE #1164 Tax Planning with Shauna Wekherlien We talked about tax planning versus tax preparation, how to gauge your tolerance for tax planning, what opportunities exist to reduce tax liability, and how to get started!About the EpisodeLifeBlood NUMBERS: We talked...
The Right Copy and Creative with David Koves
EPISODE #1163 The Right Copy and Creative with David Koves We talked about developing an effective digital marketing strategy, the danger of leaving your efforts siloed, why it’s easy to fall back into bad habits, and the role copy, images and video play!About the...
Finding Remote Talent with Noel Andrews
EPISODE #1162 Finding Remote Talent with Noel Andrews We talked about the future of remote work, the benefits of hiring remote workers from Eastern Europe, the challenges hiring presents busy entrepreneurs, and how to streamline the process!About the EpisodeLifeBlood:...
Is My 401k to Expensive? How Do I Know? Is it Important to Know?
Odds are that the fees and expenses inside your 401(k) account aren’t top of mind for you, at least I hope they’re not. That being said, they play an important role in the success of your eventual retirement so it’s important to be aware of them and if...
Is it too Late to Start Saving?
Is it ever too late to start saving? Maybe, but probably not. If you have one year before retirement, you’re in trouble. If you have five years or more, you can accomplish what it will take to retire using the steps below. I’m a big...
Good Parenting with Dr. Marcie Beigel
EPISODE #1162 Being a Good Parent with Dr. Marcie Beigel We talked about what it means to be a good parent, leading by example, helping kids by being vulnerable, being mindful that everything can change if we work towards it, and how to be more loving!About the...
Training your Brain with Adele Spraggon
EPISODE #1085 Training your Brain with Adele Spraggon We talked about how we all too often misunderstand how our brains work, why common approaches to solving problems are flawed, how to start using our whole brains, and simple tactics to feel better about money!About...
Join the show.
Interested in being on the show? Tell me a little bit more about you and what you’d like to talk about!