The Do More Podcast
Common Limited Beliefs
Dec 4, 2023
Exploring common limited beliefs in entrepreneurship, debunking the belief that age restricts new ventures. Misconceptions about saving money and the security of W2 jobs. Insights on overcoming limiting beliefs, reframing negative thoughts. Importance of positive mindset in sports. Example of pursuing self storage after quitting a regular job. Benefits of quitting and taking action instead of overthinking.
24:35
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Quick takeaways
- Saving money alone will not make you rich; explore alternative investment opportunities beyond traditional savings methods.
- Being employed is not necessarily more secure than starting your own business; consider the benefits of entrepreneurship and a side hustle.
Deep dives
Limited Belief: Saving Money Will Make You Rich
One common limited belief discussed in the podcast is the misconception that saving money will lead to wealth and financial security. The host highlights that money is depreciating every day and saving alone will not make you rich. He mentions that even popular savings accounts like 401ks and Roth IRAs do not guarantee wealth. While he acknowledges the usefulness of such resources for those unfamiliar with investing, he emphasizes the importance of exploring alternative investment opportunities beyond traditional savings methods.
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