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Wellness + Wisdom Podcast
Mark Moss | The New Rich: How to Escape Financial Slavery + Think Like a Millionaire to Build Wealth
Nov 5, 2024
Mark Moss, an entrepreneur and educator specializing in macroeconomics and digital assets, shares insights on escaping financial slavery and thinking like a millionaire. He discusses the importance of mindset and skills in achieving financial success, emphasizing that money is a byproduct of personal relationships and competencies. Moss also advocates for Bitcoin as a transparent alternative to traditional currency, while offering practical investment strategies and highlighting how personal beliefs influence financial and lifestyle choices.
01:24:39
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Quick takeaways
- Achieving financial freedom requires saving at least six months of living expenses to resist dependence on unsatisfactory jobs.
- Success in wealth accumulation is driven by mindset, viewing money as a byproduct of skills developed and relationships formed.
- Personal experiences significantly shape one's approach to money, revealing resilience and financial strategies through lessons learned in early work life.
- Investing in cryptocurrencies, alongside traditional assets, empowers individuals to embrace decentralized finance and regain control over their financial futures.
Deep dives
Understanding Financial Slavery
Many people unknowingly find themselves in a state of financial slavery, defined by a lack of savings and dependence on a paycheck. Without six months of living expenses saved, individuals are vulnerable to feeling trapped and unable to leave unsatisfactory jobs, leading to negative treatment by employers. This perspective highlights the importance of financial independence, the ability to say 'no' and to make choices based on what's best for oneself rather than being coerced by financial necessity. Ultimately, achieving financial stability is essential for personal freedom and the ability to pursue one's desired lifestyle.
The Mindset for Wealth and Lifestyle
A shift in mindset is crucial for wealth accumulation, viewing money as a byproduct of skills and relationships developed over time, rather than an end goal. Defining an ideal lifestyle early on enables individuals to create actionable plans to achieve that lifestyle. This process involves recognizing the skills needed to generate wealth, allowing for greater focus on learning and enhancing those skills. By concentrating on building systems that align with their lifestyle goals, individuals can channel their financial resources more effectively and with intention.
Lessons from Real-Life Experiences
Personal experiences play a significant role in shaping one’s relationship with money and wealth-building strategies. Sharing background stories of overcoming financial challenges often provides inspiration, revealing how early lessons in work ethic can lead to innovative approaches in business and finance. For instance, working alongside a parent in blue-collar jobs instills resilience and teaches valuable financial skills, such as how to negotiate deals and understand value. These narratives underscore the fact that experiences do not define worth, but they can inform successful financial strategies.
Vision, Goals, and Financial Success
Establishing a clear vision for the future is critical for financial success, particularly in uncertain times. A well-defined goal allows individuals to work backward to create strategies that lead to success, minimizing confusion and misdirection. This approach emphasizes the importance of continual optimization and iteration based on lessons learned during the journey. The relationship with money becomes stronger when it is driven by intention, allowing individuals to align their spending and investments with their long-term aspirations.
Cryptocurrency and Wealth Creation
Investing in cryptocurrencies can play a pivotal role in wealth creation while allowing individuals to explore new financial avenues. To begin, focusing on acquiring skills that elevate earning potential forms the bedrock for effective investment practices. An initial investment can also be used to secure real estate, leveraging the property for passive income over time. Understanding the balance between various asset classes, including Bitcoin and real estate, can provide insight into maximizing returns while minimizing risk.
Breaking Free from Traditional Finance
The crux of financial freedom lies in understanding the limitations of traditional financial systems and seeking alternatives that empower individuals. Innovations like decentralized financial models enable individuals to regain control over their finances and reduce reliance on banks. This conversation around financial disobedience not only includes the use of cryptocurrencies but also emphasizes the need for autonomous structures that cannot be censored or controlled. Utilizing technology to build decentralized systems reduces vulnerability to financial coercion while simultaneously increasing options for managing personal wealth.
The Impact of AI in Business and Finance
Artificial Intelligence and blockchain technology are positioned to reshape the landscape of business and finance, paving the way for new possibilities. As AI advances and becomes more integrated into business strategies, its application in blockchain will enable unprecedented efficiency and functionality. The potential for AI-driven tools to autonomously manage investments and business strategies promises to transform operational dynamics significantly. This synergy between AI and blockchain not only enhances productivity but also democratizes access to wealth creation opportunities.
Wellness + Wisdom | Episode 688
What are the key elements to achieving lasting financial success?
Mark Moss, Entrepreneur + Educator, joins Josh Trent on the Wellness + Wisdom Podcast, episode 688, to share strategies for achieving financial freedom, the importance of a clear lifestyle vision for success, how money is the byproduct of your skills, and why Bitcoin is a more honest and transparent alternative to the fiat monetary system.
"Money's not the thing that you chase. Money is a byproduct of the skills that you've developed and the relationships that you have." - Mark Moss
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In This Episode, Mark Moss Uncovers: [01:30] The Hunger for More- Mark Moss
- 620 Dan Martell | Buy Back Your Time: Get Unstuck, Reclaim Your Freedom + Build Your Empire
- Why being raised in the middle class makes it easier to build wealth than coming from poverty.
- How Mark's dad made him work every summer when he was a child.
- Why he has never had a job.
- The importance of having a clear vision of what we want to achieve.
- How reverse engineering is the best optimization method.
- Why drug addicts are always capable of getting money for their addiction.
- 555 Mike Dillard | Richer Every Day: How To WIN The War on Your Money + Mind
- How Mark got millions of dollars in debt in his 30s.
- Why money always comes and goes.
- How he was never thinking about the job he'd want to do but about the lifestyle he'd want to have.
- When we're going after our dreams, we change our spending habits.
- How Mark's wife supported him even when he lost everything.
- Why they still have a beautiful relationship after 22 years of marriage.
- Money is about freedom and the lifestyle that comes with it.
- Why money is a byproduct of the skills and relationships we have.
- How Mark got into public speaking.
- Practical steps to utilizing the law of attraction.
- iHeartMEDIA
- How he was offered to get his own radio show and podcast.
- Why we're using a debt-based monetary system.
- Money is created through using debts.
- 652 Dr. John Delony | Building A Non-Anxious Life: How To Find Peace During Chaos
- Why we first need to invest in our skills before investing in anything else.
- How paying for real estate in cash is not ideal.
- What increases the value of our business.
- How we can have anything that we want.
- Why Bitcoin won't get banned by the government.
- What motivates some of the world's largest organizations to get rid of Bitcoin.
- Who's responsible for creating U.S. laws.
- How banning cryptocurrencies would make millions of Americans broke.
- How to invest in Bitcoin.
- Mark's strategy for buying Bitcoin.
- Michael Saylor
- Why digital currencies are a natural part of the modern digital world.
- What problem Bitcoin has solved that had never been solved before.
- Why learning about cryptocurrencies takes time.
- People don't want money, they want goods and services.
- Why printing more money causes the prices to go up.
- How Bitcoin can't be diluted because we can't print more of it.
- Why technology is meant to make our lives easier and cheaper.
- The importance of storing money in different types of assets.
- How El Salvador inspired other countries to use Bitcoin as a currency.
- Why Trump becoming a president could help Bitcoin raise.
- 312 Kevin Kelly: What Technology Can Teach Us About Self Love
- Why technology is consciousness expanding itself.
- Thank God for Bitcoin by Bitcoin and Bible Group
- Why the fiat monetary system is evil.
- How Bitcoin was created.
- Why Bitcoin is the truth because it's an open-source code.
- Why there is a technical revolution every 50 years.
- How we're witnessing new clusters of technology being implemented.
- Why Bitcoin is more accessible than a banking system.
- How AI can be leveraged to build businesses.
- The whole system is designed for analytical thinking.
- Where Mark sees himself in 10 years from now.
- Why politicians are trying to stop entrepreneurs from solving problems.
- How freedom tech can reduce the government's power over us.
- Why Elon Musk is getting sued for not having strong censorship rules on X.
- Primal
- How freedom drives entrepreneurs.
- The Constitution of Liberty by Friedrich Hayek
- Why liberty is freedom of coercion.
- Most people are slaves and don't even know it.
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Power Quotes From The Show Are You a Slave to Your Job?"If you don't have 6 months of living expenses saved up in your bank account, you're a slave. If you can't tell your boss, I'm out of here, you're a slave. People have the way to treat you however they want, but you can't say no, because you need the money." - Mark Moss
We Don't Want Money..."We as people don't want money. What we want is the goods and services money can get us. And so wealth is really goods and services, not money. Money is just a way, a medium of exchange to get the wealth." - Mark Moss
The Fiat Monetary System Is Evil!"Our fiat monetary system is evil. It's a system built on theft. Inflation is theft. It's a system built on lies and deceit. Anything built on that is inherently evil. Now the flip side of that is Bitcoin, which is completely open source, transparent, and it's code that can't be changed. It's truth. It's not deceitful, and it's not lying. It's the exact opposite." - Mark Moss
Links From Today's Show- Mark Moss
- 620 Dan Martell | Buy Back Your Time: Get Unstuck, Reclaim Your Freedom + Build Your Empire
- 555 Mike Dillard | Richer Every Day: How To WIN The War on Your Money + Mind
- iHeartMEDIA
- 652 Dr. John Delony | Building A Non-Anxious Life: How To Find Peace During Chaos
- Michael Saylor
- 312 Kevin Kelly: What Technology Can Teach Us About Self Love
- Thank God for Bitcoin by Bitcoin and Bible Group
- Primal
- The Constitution of Liberty by Friedrich Hayek
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Mark Moss is an entrepreneur, investor, and educator specializing in macroeconomics, financial literacy, and alternative investments.
With over 20 years of experience, he has founded multiple companies and built a reputation as a trusted voice in wealth-building and economic trends.
Known for simplifying complex financial topics, Mark empowers his global audience to understand economic cycles, central bank policies, and digital assets like cryptocurrency.
Mark shares insights on building wealth with a macro perspective, making him a sought-after guide for those navigating today’s financial landscape.
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