Ep.243 - Build a Little Better - You Are Obligated to Be Rich!

Jason argues you are obligated to be rich, not for selfish reasons, but to give, help others, and make a difference. Rich vs poor mindset: poor people think success is evil, spend everything, use debt for spending, work paycheck-to-paycheck, and are victims. Rich people see success as obligation, invest money, use debt for investments, have financial plans, study/learn, focus on future, have multiple income flows, and are net-worth driven. Money is not evil, it's the love/covetousness of money that's evil. Gaining wealth to help children, start business, change world, give = good. Welfare story: 8 out of 10 have victim mindset. Person couldn't make ends meet but invited people to live rent-free, bought animals/fences, made excuses ("my boss was mean," "I can't, I can't"). Rockefellers vs Vanderbilts, mindset matters more than money. Jason's story: $80k debt (not student loans), worked way out with right mindset. Aunt said "you grew up rich, we grew up poor", victim mindset keeping people poor. Can't give from empty: wisdom from empty mind, food from empty pantry, money from empty bank account. Get vision for giving. Financial plan: donate, secure investments, 5-7% high-risk, whole life insurance, and tax planning. "Money doesn't buy happiness", you're shopping at wrong stores. St. Jude's, Operation Underground Railroad, foster kids, money CAN buy happiness through giving.

What you'll learn in this episode:

• You are obligated to be rich, to give, help others, create legacy, make a difference

• Rich vs poor mindset: Poor think success is evil, spend everything, victims. Rich see success as obligation, invest, study, focus on future

• Money is not evil, it's the love/covetousness of money that's evil

• Gaining wealth to help children, start business, change world, give = good, not evil

• Welfare story: 8 out of 10 have victim mindset, 2 out of 10 legitimately need help

• Person couldn't make ends meet but invited people rent-free, bought animals, made excuses ("boss was mean," "I can't")

• Rockefellers kept wealth (trusts, advisors, give millions yearly). Vanderbilts spent everything (lost it all)

• Mindset matters more than money, bad mindset loses any amount, rich mindset recovers from loss

• Jason's story: $80k debt (not student loans), debt stacked, thrift stores, old cars, worked way out

• Aunt: "You grew up rich, we grew up poor", victim mindset keeping people poor

• Can't give from empty: Wisdom from empty mind, food from empty pantry, time from busy schedule, money from empty bank account

• Get vision for giving: Organizations to donate to, people to help, legacy to leave family

• Financial plan: Give to organizations immediately, secure investments, 5-7% high-risk investments, whole life insurance, tax planning

• "Money doesn't buy happiness", you're shopping at wrong stores

• St. Jude's funding = happiness seeing kids get cancer treatment. Operation Underground Railroad = happiness seeing kids rescued. Foster kids = happiness seeing placement.

• Money CAN buy happiness through giving, it's a guarantee

You are obligated to be rich so you can give it away to lift people up. On we go.

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Also, here are links to our YouTube Channels:

· Jason Schroeder YouTube Channel: https://www.youtube.com/channel/UC4xpRYvrW5Op5Ckxs4vDGDg

· LeanTakt YouTube Channel: https://www.youtube.com/c/leanTakt

· LeanSuper YouTube Channel: https://www.youtube.com/channel/UCzQDevqQP19L4LePuqma3Fg/featured

· LeanSurvey YouTube Channel: https://www.youtube.com/channel/UC-Ztn3okFhyB_3p5nmMKnsw