Jul 18, 2018
In this week’s episode we meet
Mastery of Money Guru Adam Carroll.
Adam is an internationally
recognized financial literacy expert, author and speaker. He is a
two-time TED talk speaker, with one of his talks surpassing 2
million views. Adam is the founder and curator of
www.MasteryOfMoney.com, and creator of the documentary film, Broke
Busted & Disgusted.
His passion is helping people
build a bigger life, not a bigger lifestyle.
See more at
QUESTIONS I ASK ADAM
What did you learn from your
$10,000 experiment on your kids?
How do we cultivate Owners
Mentality in ourselves and our people?
What is the biggest mindset
shift you think we as individuals need to make?
What do you mean by building a
bigger life not a bigger lifestyle?
KEY POINTS BY ADAM CARROLL
think the biggest mistake is we wait. We wait for other people to
recognise our greatness instead of claiming our greatness and
helping other people see it.
always in my life held high intention but low attachment. I have
really high intention that things are going to happen, but I'm not
directly attached to the outcome always.
good friend of mine one time told me he said when something is
placed on your heart, that idea that burning desire, that thing
that you absolutely must go do, your head will attempt to justify.
It will say no Greg you can't do that, you’re not old enough, wise
enough, rich enough, famous enough, et cetera. But your heart will
never justify. Your heart will always want what the heart wants
because that’s what God put in your heart for you to go do or the
universe or whatever being you believe in. So, if there's something
on your heart that continues to come up pursue it, go after it,
it’s there for a reason and that is your service freedom. If you
have re-orient your life to go do it by all means go do
said in chief maker be bold and make a difference. Bold is not just
offering help but it’s asking for help. Because when we don’t ask
for help we deny someone the ability to offer help or to give
yourself as the architect of your own life
you’re going to build a big life, you have to ask yourself really
big questions. The questions that people would ask themselves were
around, I don’t know how to do this but if I did, what would I do
first? Or they would say, I really want to live a vacation
lifestyle, what would I need to do to live a vacation lifestyle?
Then they let those questions simmer in their subconscious. You
know as well as I do that your subconscious mind is the most
powerful super computer ever designed. Its goal is to answer the
question that are posed to it.
are three things required for shared ownership and I think that’s
what you’re talking about is shared ownership. Not just one person
owns it but everybody owns it, right. The three things required for
shared ownership are information, so telling people all the
information necessary to be informed of decisions that are being
made. So information, decision making, meaning how many people are
involved in the decision of do we do this, do we not, do we spend
this money do we not, do we invest this do we not. The last thing
is consequences. If there is information and there's decision
making and there are consequences understood then we have shared
Ziglar says, money is not everything, it’s not the most important
thing, but it certainly ranks right up there with Oxygen on the got
to have it scale
will say and I have heard parents say I love my kids, I don’t want
them to struggle. So as a result I take care of everything for
them, I buy them what they need, I pay for their meals. When we go
to the store and they want a toy I pay for it. So, what we started
doing was saying I love my kids and I want them to struggle.
Because people who struggle financially especially when they’re
young and they make solid decisions with small amounts of money
they become really successful adults who make solid decisions
around large amounts of money. So that’s the goal is we try and
give our kids the ability to make mistakes around money at a very
early age so we can correct and change their behaviour down the
way I define love, I will greet each day with love in my heart. The
whole idea was that love is the greatest weapon and the greatest
shield because no one that I encounter when I use love can defend
against it differently than lifestyle, is life for me is about
financial freedom, it’s about time freedom, it’s about relationship
freedom and it’s about service freedom, those four things, money,
time, relationships and service. If I have the freedom to do all
those four things I have a real big life.
- Behaviour is multi causal, it’s multi
functional and it’s multi dimensional. So, we don’t know why people
behave the way they behave, nor can we assume to know because there
are so many different things that can impact behaviour.