This Is Why CHASING Money Is NEVER The Answer To Your PROBLEMS

Jan 11, 2022

Guest

Yancey Strickler

David Rubenstein, a successful investor and philanthropist, shares insights on raising children in wealthy environments. Ramit Sethi discusses the importance of rewriting our internal narratives about money to achieve true financial success. Entrepreneur Tilman Fertitta emphasizes creating your unique path in business. Yancey Strickler explores alternative measures of value that go beyond traditional financial success, urging listeners to think critically about wealth and fulfillment in their lives.

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INSIGHT

Invisible Scripts

Invisible scripts are powerful beliefs we don't realize influence us, like the American dream of homeownership.
Question these scripts, as they might not align with your best interests financially.

ADVICE

Advantage of Modesty

Growing up in modest means can be advantageous.
It fosters self-reliance and a strong drive to succeed.

INSIGHT

Wealth and Drive

Children from extremely wealthy families may lack the drive to achieve great success.
Their privilege can remove the hunger and necessity that fuels ambition.

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If you’ve been following me for any length of time, you’ve probably heard about the years I spent chasing money - and how it left me emotionally bankrupt.

Don’t get me wrong - money is a powerful force. It gives you the ability to close your eyes, imagine something that you want to create, and then open your eyes and actually be able to go out there and do it.

However, I’ve also found that people have wildly different opinions on money, how we should relate to it, and how it affects our levels of happiness and fulfillment.

But what do people who have really mastered the game of money have to say about it?

What constitutes a wealthy life? How should we define success? How do we create and monetize long-term value for those we serve?

Todays’ episode of Impact Theory answers those questions, and many more. I’ve assembled some of my favorite moments from past guest interviews, all revolving around our relationships with money and financial success.

SHOW NOTES:

00:00 | Ken Honda on shifting your focus around wealth

09:01 | David Rubenstein on children of wealthy families

17:54 | Ramit Sethi on rewriting your invisible scripts around money

28:10 | Tilman Fertitta on forging your own path in business

37:05 | Yancey Strickler on new ways of measuring value

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