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MINDSET & MONEY | NO ONE IS COMING TO SAVE YOU

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Hosted by
Mike Ayala

Today on the Investing for Freedom podcast Mike address’s security and how we’re living in an interesting time. He shares his thoughts that people more than ever are concerned about the future, concerned about what’s coming. The bottom line is nobody’s coming to save us.

“It takes relationships. It takes desire. It takes education. It takes win-win thinking. So I want to destroy the idea of security. Security is a bad place. That’s where the prison is. You’ve really got to change that mindset.”

[INTRO]

Are you looking for freedom? Freedom from the daily grind and hustle, or just finding a way to live the life you always wanted. Then join us on the investing for freedom podcast. Our hosts, Mike Ayala will help you discover new ways to find freedom with tips, insights, and interviews. You’ll learn the exact systems he’s used to travel the world and live his best life. True success and happiness are all about freedom. And here’s your roadmap on how to find freedom on your own terms. Welcome to the investing for freedom podcast. Here’s your host, Mike Ayala.

[MIKE AYALA]

So today we’re going to address security and we’re living in an interesting time. And I think that people more than ever are concerned about the future, concerned about what’s coming. And the bottom line is nobody’s coming to save us. In this nothing’s really changed, overnight through a series of recent events, obviously we’ve got more, by the way I’m not here to get political today. I don’t care what side of the aisle you’re on. I don’t care what your core beliefs are. This all comes back to us and our personal responsibility and nobody’s coming to save us. I heard Robert Kiyosaki say one time that if you’re looking for security, then the safest place with the most security is prison. That saying when he said that, that hit me like right between the eyes and on a financial note, knowing what you’re going to make on December 31st, on January one, a big thing we talk about a lot is goal planning, goal setting, strategy for the year, doing your annual goal setting at the end of December or early January and knowing exactly what you’re going to make by December 31st, this year I’m going to make $67,000. And hopefully I’m going to set a stretch goal of getting a dollar raise and so instead of $67,000, I’m going to make $69,000. That’s scary to me. But if you flip that, that’s what most people are looking for. Most people are looking for security. And the reality behind that is, as Robert Kiyosaki said, if you’re looking for security, go to prison, you get three square meals a day and you get a bed, you get your sheets changed. That’s security. To me, that sounds scary.

 

So nobody’s coming to save us. And that’s the thing that I really want to address. I want you to think about we’re living in a situation at a time right now where so many people, I think we just hit 46 million of unemployment. And so it’s a scary time. And a lot of business owners, a lot of individuals, we’re relying on the government, because everything is so out of control, the debt’s out of control. The spending’s out of control, and that’s fine. I’m not telling you not to take that money, it’s there and we’re all going to end up paying it through increased taxes, through inflation, potential short-term deflation, take the money. I’m not telling you not to, but what I’m saying is don’t fall into the trap of relying on somebody else and giving your security into someone’s hands, that’s prison. So we got to be careful with the mindset right now that we’re going to rely on the government for our future. Be really careful with that. I’ve already addressed the unemployment, but being at 46 million, that’s a big percentage of our working population that’s unemployed currently. And it’s never been more important that we take our security and our future into our own hands. And so it’s time for us to start making money our way, and it’s not going to happen overnight.

There’s that saying that the best time to plant a tree was 20 years ago and the second-best time is today. We need to take that approach right now. And so, regardless of what your situation is, and I know I can hear so many people, well, Mike, you’re fortunate, you’ve got passive income, you run a business, you know what? Our business has been challenged. Every single one of our businesses have taken a hit. Every single one of my income streams have taken a hit. We’ve had to lay off employees that we’ve worked really, really, really hard to find and mentor and recruit. We put a lot of time, money and energy into building the right team. And we had to lay some of those people off. Hopefully we can bring people back, but the reality is none of us are unaffected by this. It is time for you to take your future and making money into your own hand. And then some people will tell me, well, yeah, but what it takes money. Well, maybe I’ll tell you that when I started my first business with a partner and you may have heard this before, but when we started our first business, we literally pulled between two 401ks. His was higher than mine because he was older than I was, but we literally pulled out $75,000 worth of 401k. And we decided, okay, well, we’re going to do this. It was like May, maybe March when we started first pulling the 401ks out and yeah, you’re going to take a penalty and yes, you’re going to take a hit back then. But right now there’s a law in the Cares act that you can actually access your retirement.

And by the way, if you’re not familiar with this, go to Investing for freedom on Facebook, we have a Facebook community called Investing for freedom, go there. And there’s an interview that I did with Damian Lupo and he tells you how you can access your 401k or retirement accounts through the Cares act one time right now, there’s two different ways. You can access it through a loan, which you can normally do, but this is a better situation. Or you can pull it. You can literally pull at one time and move it into self-directed IRA, penalty free, interest free, move it into a self-directed IRA, which would allow you to invest in a business. It would allow you to invest in real estate. This is a onetime opportunity. So pay attention to that, investing for freedom Facebook community, go check that out, Damion Lupo.

But anyway, back to this, so many people are going to tell me, it takes money. Well, we pulled our 401k and we didn’t have those tax advantages that the Cares act allows right now. We just said to ourselves, Hey, if we pull this money, I couldn’t afford not to pull that money. We couldn’t afford to stay where we were because then I was making like $48,000 a year or something like that. I couldn’t afford to stay where I was. We had such a strong desire to move forward and get out of that. We had to move on. So we pulled the 401K, and we said, you know what? 6 months, 8 months, 12 months down the road, whenever we have to deal with this tax, I just have to make enough money to deal with that. So you have to change your way of thinking. You can’t look at it, that security mindset, that settled caveman brain that’s just trying to protect us all the time. And the bottom line if you’re constantly in protection mode, you’re never going to change anything that’s in your life because it’s not, it doesn’t feel safe on the other side of that. But I promise you, when you begin taking risks and you begin stretching yourself and you begin changing your mindset, you start getting out of these circles of protectionism or security. You will be so happy that you did. So, so many of you are probably saying, well, Mike, it takes money to make money. Well, maybe, but here’s the thing. What got me really, really started in real estate investing, I read rich dad poor dad. I found a CD series by Dolf De Roos called the real estate investors college, which back then was like $39.99. It’s like $250 now on the internet, you can barely find it. So I probably other than time, let’s set aside time. I probably invested a thousand dollars in books, CDs, information, free mentors. So when you tell me it takes money to make money, I disagree. It takes drive and it takes desire and it takes setting aside time and putting in the effort.

So here’s the thing, until the pain of your current situation becomes stronger than the amount of money and energy it’s going to take to overcome that current situation, you won’t do anything about it. And if you’re not motivated by the negative until the desire for changing your situation or some future goal or way of life becomes stronger than your current frustration, you won’t do anything about it. So does it take money to make money? I say no, because it takes more, I mean, who can’t afford used $1.99, rich dad poor dad from Goodwill. Are you telling me that you can invest $2 in your education and your mindset change? Well, yeah, Mike, but even once I do that, I got to have money to start a business. I have to have money to buy real estate. No, go listen to my podcast, investing for freedom. I’m going through a series right now. I don’t know when you’re listening to this, but there’s a series on there about how we got started in real estate. Probably the first, I don’t know, 6, 8, 10 deals, real estate deals that we did, we did with low money down or no money down, literally multimillion-dollar deals with no money down. So you can’t tell me that it takes money to make money. It takes relationships. It takes desire. It takes education. It takes win-win thinking. So I want to destroy the idea of security. Security is a bad place. That’s where prison is. You’ve really got to change that mindset.

So here’s a couple of things. It takes money to make money. No, it doesn’t, find a mentor, find books, find resource. In my investing for freedom Facebook community, we talk about a group called M1, which is a good friend of mine, Rock Thomas. If you can’t do it on your own, and you need some level of accountability or you’ve read the books, you’ve already listened to the CDs, you’ve done a couple small deals, or maybe you haven’t done deals at all, and you just don’t know how to get going, then yeah, it’s going to take some money. And I’m going to say to you, you need to invest a $1,000 to $10,000, maybe $15,000 in a mastermind coaching programs, a group like M1. I started to talk about it, but you know, Rock Thomas has a group called M1. It’s a one-year process that really works through, it’s a program that takes you through mindset change. It surround you with peers that are doing things that are amazing. It gets you in pods that holds you accountable. So you may have to do something like that.

I’m launching an eight-week real estate course. You know, it’ll probably be in the $2,000 price range. So yeah, you might have to invest if you’re not a person that can motivate yourself or stay motivated, you might have to invest a $1,000 to $10,000 in a mastermind, a paid mentor or a coaching program. That’s up to you. You can do it on your own. I did. I think the first time I had coaches in business, but I think the first time that I paid a mentor, or a coach was probably, it was after we started our first businesses. So and then, on the real estate side, it was years into it. So let me pull this all together for you. If you’re in a situation where you know exactly what you’re going to make or not make, or you found yourself in a bad situation because of Covid or any kind of financial crisis, any of that, it’s on you to make those changes. And like I said, if you’re sitting there at January one or even today, let’s just say it’s midpoint of the year, it’s July one and you know exactly what you’re going to make or not make, that’s on you and you need to change the mindset and you need to get out of security mode. If you can invest time, money, and energy in your future, then nobody’s coming to save you.

[OUTRO]

If you found value in this episode and you know someone who’s wanting to start or move further along in their journey toward investing for freedom, I would be forever grateful if you would share this show with them and help me get this message out to more listeners. Also, if you enjoy what you’ve heard, I would appreciate it. If you’d take 30 seconds and leave me a five-star review and share this with your friends and until the next episode, cheers to moving further along in your journey of investing for freedom.

 

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