WEBVTT
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The topics and opinions express in the following show are
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solely those of the hosts and their guests and not
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those of W FOURCY Radio. It's employees are affiliates. We
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make no recommendations or endorsements for radio show programs, services,
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or products mentioned on air or on our web. No
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liability explicitor implies shall be extended to W FOURCY Radio
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or it's employees are affiliates. Any questions or comments should
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be directed to those show hosts. Thank you for choosing
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W FOURCY Radio.
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Welcome to to Ask Good Questions Podcasts, broadcasting live every Wednesday,
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six pm Eastern Time on W four CY Radio at
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W fourcy dot com. This week and every week, we
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will reach for a higher purpose in money and life,
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as well as a focus on health and wellness. Now,
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let's join your hosts, Banita Bell Anderson as together we
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start with Asking Good Questions.
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Hello, and welcome to Ask Good Questions podcast. Today it
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is me and I have a great show for you today.
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I am actually taking a bunch of concepts from the
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second chapter of my latest book, which is Money Mindset
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and the Suddenly Single, The Ultimate Guide for Divorcees and
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Widows kind of the idea behind that was people who
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you know, crazy things happen in life, and so when
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something happens and you have not been used to taking
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care of your money, then all of a sudden, I
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have seen people just get frozen. And so that's where
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the book kind of started from. So this week is
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some big concepts from the second after, which is about
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starting the transformation of your mindset to be able to
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do something hard that you maybe have not been able
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to do before. So I'm going to bring the slides
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up now if we can. So oh my, because I
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did my and also I have an announcement. You can
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see that the slides this week were inspired by ocean,
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like an ocean theme. Well, we're going to be doing
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a senior mission to Hawaii for a year, So I'm
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going to be leaving in a couple of months for Hawaii.
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It's a service mission. It's kind of open ended. You
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can pretty much figure out where you want to go
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help and so anyway, I'm excited because for the podcast,
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I want to bring some cool guests that you'd only
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be able to have if you're in a you know,
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interesting place like Hawaii. So that will be something that
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will be coming up, but today the six keys to
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a winner's money mindset. And please please please pay attention
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because this is going to apply to anybody, but especially
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to people that are going through any kind of life transition.
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We're going to talk about these keys that I discussed
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in the second chapter of my book. And if you
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so choose to go get my book, you can find
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the information on the bonus download the information about me
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and the bonus download on the Ask Good Questions podcast
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dot com website. Also you can find it on Amazon
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and all good places like that. So those six keys
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are fail your mind with the best information, pick a
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few great role models, examine your current beliefs, fortify your
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mindset with a vision and set some goals. Please protect
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your mindset, and don't let a mistake trash your money mindset.
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Those are the big things. But don't you love these
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beautiful pictures of surfers and everything. We're actually going to
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be on o Wahu, so I'm looking to maybe do
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a podcast from the north shore where the big waves are. Anyway,
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I digress the power of thinking you can here's when
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you have a big change going on in your life.
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Instead of saying I can't. I can't. I can't. I
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want you to think, how can I? What can I
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do if I'm facing some big challenge. So before I
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get into the keys, we're going to talk about a
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few things. We're going to There's a couple of concepts
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before we get into those keys. First one is money
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is really more than a currency. It's really about the
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emotions that are connected to it and what people make
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it mean to have money or not. If you didn't
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grow up rich or wealthy, I don't think I'm going
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to use rich. I'm going to use wealthy. If you
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didn't grow up wealthy. One thing you'll probably have to
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deal with when you find that you're suddenly single, if
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you someday, you know, go through a divorce or someday
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lose a spouse or a partner, it's a clash with
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your subconscious beliefs from your upbringing and they got a
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lot of times collides with the realities of what's going
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on in your life. So this, I believe is the
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root cause of why people go through a massive life
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change who came from poverty or even middle class upbrings,
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and they can end up broke or bankrupt within a
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very short amount of time. I'm sure you can think
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of people like win the lottery, and then you hear
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these crazy stories about how they all of a sudden
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lose it all. Well, stepping into money in some way,
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shape or form, I'm not talking about a whole lot
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it may be just a little but whatever it is,
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if it's something that's stressing you out, it can feel
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like walking into a fog where the familiar landmarks of
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your life just seemed to start to blur. I went
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through a terrible divorce. It was a huge life changing
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event twenty five years ago. I was completely in a
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blur for a while, and it's a journey that really
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surprisingly can lead you into really uncharted emotional territories. I know,
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for me, I started beating myself. You know, what did
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I do wrong? And everything else. So the sudden shift
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in your financial status a lot of times doesn't just
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alter a bank balance. It really emotionally can transform your
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emotional world and in ways that you may not have anticipated.
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There's I'm going to talk a little bit more later
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about money and happiness, but there's been a lot of
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studies that have been done about whether money makes you
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happy or not, and really you know, newsflash, true contentment
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often lies beyond the realms of financial abundance. It just
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is the case. So watch out for clashing with your
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subconscious beliefs, watch out for sabotaging yourself. I know that
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I wrestled with who I was and what I was
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going to be about when I went through that massive change,
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and it's just something that it'll help you grow. If
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it doesn't kill you, it'll help you grow. Right, So
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let's talk a little bit about that thing about complexity
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of happiness and money. If you dive into that intricate
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daance between money and happiness, it really unveils a terrain
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of misconceptions and half truths. The idea that money is
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a golden ticket to happiness is a myth that has
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been debunked time and time again. So I know what
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you're saying, Hey, I think it sure would help, and
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yes it can, but not for long. You have to
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you have to know that there's been studies that have
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shed light on the reality that many people face, and
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that is that despite having financial abundance, maybe you know,
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maybe they do have a nice bucket of money, there's
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an undercurrent of isolation and a sense of unfulfillment. You
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can be you can be wildly happy with very little money,
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and you can have a whole bunch of money and
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be miserable. So that points to a deeper truth about happiness.
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It's not something that can be purchased or accumulated like money. True,
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here's the big wisdom. True contentment springs from a well
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of emotional well being and personal fulfillment elements that money
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can't touch. How in the heck you do that, Benita? Right?
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So it's really crucial to understand that while money plays
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a significant role duh, it's not a panacea for all
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of life's challenges. You know. It's really an allure of
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a hefty bank balance that can be very, very enticing,
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but it's no substitute for the joy that can be
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found in genuine human connections and the satisfaction that's derived
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from personal achievements and growth. So this is to say
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that financial resources aren't important, but and they, I guess.
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Another thing I would say is yes, obviously they can
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certainly ease a lot of life's burdens. But the mistake
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lies in believing that money alone is enough to fill
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our lives with joy and meaning. Hopefully, you understand that
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hopefully that is something that you've found in your life.
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So you've got to recognize what the limitations are of
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what money can offer, and don't expect it to bring
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you happiness. We're going to during this episode, we're going
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to be talking about how do you do that? How
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do you get more purpose? And what you're really going
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to be looking for is the ingredients of a life
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well lived, offering a sense of purpose and belonging that
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no amount of money can replicate. Right, So the journey ahead. So, yes,
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we all want more money in our bank accounts, and
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as you stand on the threshold of looking at the future,
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how are you going to get to where you want
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to go? It's not just about managing numbers in a
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bank account. I want you to be thinking about what
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can you do with that resource, because that's what it is.
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It's a tool, it's a resource, and I want you
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to think about aligning those newfound resources with your deepest
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values and aspirations. And you're like, come on, Manita, I
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just want a big bank account. Well, there was another
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study that was done by a bank that really hit
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home on this topic. I talked about the crucial step
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of intertwining your financial decisions with your personal values. Imagine
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that it struck a chord with me when I saw that,
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Because what I teach is that money service of purpose
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that needs to resonate with your core beliefs and aspirations. Right.
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So that's why I'm saying intertwining your financial decisions with
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your personal values. So that's a big idea to intertwine
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the money with the values, and it transforms money from
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a mere financial asset into a tool. I want you
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to think of it as a tool for crafting a
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life that generally reflects who you are. So like an
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example for me, you know, I've been a scuba diver
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for thirty years. I love the ocean. I know other
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people that go, oh, I can never scuba dive, But
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here I am. I'm just about to embark on a
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fun on a mission to serve a purpose in Hawaii.
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But a long way I plan on helping out with
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crawl reef restoration people. That's what I'm talking about, is
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like you set things up so that you go, how
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can I accomplish this or how can I accomplish that
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that I'd like to do? So Thriving in a new
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chapter of life where you start thinking like this isn't
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just about the practicalities of managing money. Yes, you need
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to know how to do those things, but it's about
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navigating that emotional, that value driven aspects that are going
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to really come with it and really give you some meaning.
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So it's going to set the stage for the time ahead.
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I never knew if this opportunity that I have to
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be in Hawaii for a year was ever going to
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come up, But here it is, and it's happening, and
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so let's talk a little bit more. Oops, I got
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to do this about who you are? Think about your mindset.
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That's what this whole thing about is today, about your mindset.
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What the heck is that it's all of your knowledge.
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It includes the subconscious and the conscious beliefs. You've got
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beliefs that you don't even know that you have, and
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you have thoughts about the world, and wow, are we
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watching what's going on with the news right now? There's
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crazy things going on and who are you in that world?
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Where do you fit? So your mindset, did you know,
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determines how you receive and react to information that you're getting.
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You have like a window of perception that you view
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things through, and your mindset messes with your money. It
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impacts your perception of yourself and what you're allowed. You know,
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what am I allowed to have? Am I allowed to
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have this much? Or am I allowed to have this much?
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So anyone who grew up not wealthy needs to adjust
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their mindset in order to become wealthy. I know that
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for me when I went through that terrible transition in
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life twenty five years ago, I was a mess and
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I had to reinvent who I was from the get go,
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because you know, the thing was that helped me was
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I wanted to help my girls. I wanted to be
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able to be as whole as I could be so
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that I could help my daughters who were also going
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through a lot of struggles. So if you become wealthy,
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you you must make yet another mindset adjustment in order
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to stay wealthy keep the money that you have here Again,
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I'm talking from experience, because as I look back over
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those first few years, I did a lot of things
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that sabotage myself. And so whatever you've gained, it's going
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to clash with the value system that you have deep
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down inside that you may never have known that you
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have annie self made person, and I'm going to talk
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to you. I'm going to give you three examples a
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little bit later. Must at some point overcome limiting beliefs
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about what it means to have money. Have you ever
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heard the words, let's see, let's talk about these terms greedy, dishonest, selfish, cheater, user, shallow, rude, nasty.
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Was that used to describe wealth when you were a kid.
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Is that what you're hearing on the news media that
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you watch possibly right now. If you don't, if you
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or if you didn't, I'd be surprised. The typical, the
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typical middle and lower class mindset is that wealthy people
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are dirt bags. They're only looking out for themselves. They
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look good on the outside, but inside they're emotionally and
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morally bankrupt. That in the past has been a way
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for people without money to feel better about themselves. I