The Rich Somers Report

The Truth About Money, Masculinity, and Being a Provider | Albert Preciado E421

6 snips
Nov 8, 2025
Albert Preciado, an entrepreneur and commentator, dives into the dynamics of money and masculinity. He challenges the norms around dating expenses, arguing that splitting bills reveals a scarcity mindset. Albert shares a pivotal moment with friend Bradley that reshaped his views on financial responsibility. The conversation explores how taking on the provider role can spur personal growth and shift perspectives on money management within relationships. With insights on the importance of surrounding yourself with success, this discussion encourages men to embrace their roles as leaders.
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ANECDOTE

Dinner That Changed His Mindset

  • Albert Preciado told a turning-point dinner story with his successful friend Bradley who refused to split the bill.
  • Bradley threw Albert's card back and said, "we don't split bills," which changed Albert's mindset about providing.
INSIGHT

Your Circle Defines Financial Norms

  • Who you spend time with shapes your habits and financial norms, so avoid relationships that normalize scarcity.
  • Albert argues time is more valuable than money and you should spend it around people who add value.
ADVICE

Pay The Bill Or Don't Go Out

  • Do adopt the mentality that you'll pay the bill because it forces you to produce more income and responsibility.
  • If you can't afford the whole bill, avoid going out until you can cover it fully.
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