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
Achieving Balance with Travis Parry
EPISODE #1019 Achieving Balance with Travis Parry We talked about the real causes of stress, the workaholic trap, how balance is a daily issue, and how to start thriving!About the EpisodeLifeBlood: We talked about the real causes of stress, the workaholic trap, how...
Aligning Values with Hallie Kraus
EPISODE #1152 Aligning Values with Hallie Kraus We talked about the importance of talking openly about money, the need for couples to have dialogue about fiscal equality, the progression of ESG investing, and how to get started thinking about values!About the...
Personal Branding with Tijana Ostojic
EPISODE #1150 Personal Branding with Tijana Ostojic We talked about the history and current state of personal brands, how yours impacts you positively and negatively, and the best place for you to focus your branding efforts!About the EpisodeLifeBlood BRAND: We talked...
Filling the Need with Mary Jenkins
EPISODE #1149 Filling the Need with Mary Jenkins We talked about the financial realities people face while fighting cancer, why large nonprofits are missing the mark with their allocation of resources, and how to keep your passion alive during tough times!About the...
Informational Advantages with Paul Hickey
EPISODE #1147 Informational Advantages with Paul Hickey We talked about recognizing opportunities in the marketplace, staying on top of ever-changing technology, looking 10 years into the future, and the importance of being mindful of your health!About the...
3 Tips to Improve Cash Flow in Your Small Business
In the business world, much ink is spilled over profits and losses, but any experienced small business owner knows that a healthy cash flow is the true key determining factor to predict whether a business will survive and grow. When it comes to personal wealth...
Getting Out of Your Own Way with Cheyne Towers
EPISODE #1146 Getting Out of Your Own Way with Cheyne Towers We talked about the negative patterns of self-talk that hold us back, how to identify if and when we’re engaged in this limiting behavior, and what to do about it!About the EpisodeLifeBlood BE WELL: We...
A Good Fit with Sarah Baker Andrus
EPISODE #1145 A Good Fit with Sarah Baker Andrus We talked about finding the right fit for your career, how to find a job you really love, the role energy plays, and how to get started!About the EpisodeLifeBlood: We talked about finding the right fit for your career,...
Medical Fitness with David Rachal
EPISODE #1144 Medical Fitness with David Rachal We talked about how over 60% of Americans are suffering from chronic health conditions, the current relationship between doctors and personal trainers, how insurance companies and certification fit in, and understanding...
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!