Passive Income Expert: How YOU Can HEAL From Emotional Pain & Build Generational Wealth | Ashley Fox
Sep 30, 2024
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Ashley Fox, a former Wall Street portfolio manager turned passive income expert, discusses transforming emotional pain into wealth-building opportunities. She shares her journey from financial struggles to creating a 7-figure portfolio, emphasizing the significance of emotional healing. Tiffany Aliche, a wealth-building strategist, reinforces the idea that anyone can start investing with minimal amounts. Together, they explore the mindset needed to overcome limiting beliefs, the importance of self-acceptance, and practical steps for generating passive income without quitting your job.
Focusing on internal healing is essential for manifesting external success through addressing self-worth and emotional trauma.
A transformative mindset distinguishes wealthy individuals as they believe in personal power and view financial success as attainable.
Childhood experiences significantly shape adult attitudes toward money, highlighting the need for self-reflection and redefining personal standards.
Starting with small investments, like $10, can lead to significant financial freedom, emphasizing the importance of consistent saving and ownership.
Deep dives
The Importance of Inner Work for External Success
Focusing on internal healing is crucial for manifesting external success. Personal experiences reveal that resolving issues related to self-worth, financial habits, and mindset can lead to significant improvements in wealth and happiness. For instance, working less while earning more can be achieved by addressing internal struggles that impede progress. By letting go of unhealthy beliefs, individuals can create a life that reflects their true potential.
The Mission of Empify
Empify aims to revolutionize financial education by merging the concepts of empowerment and modification. The goal is to help individuals of all backgrounds, especially those who are typically underserved, gain valuable knowledge about wealth building. By sharing insights from Wall Street and personal experiences, the mission is to inspire confidence and self-belief in individuals to achieve financial success. This initiative seeks to foster an environment where everyone feels deserving of wealth and capable of attaining it.
The Mindset Shift for Wealth Creation
A significant mindset difference between wealthy individuals and those who struggle lies in their belief in personal power and success. While many may adopt a victim mentality, seeing their circumstances as unchangeable, wealthy individuals view their financial success as a standard to be achieved. Understanding that everyone has the same 24 hours can shift one’s perspective on hard work, emphasizing the importance of working smarter instead of harder. This change in mindset is essential for breaking free from the cycles of poverty and creating a pathway for wealth.
The Impact of Childhood Experiences on Financial Beliefs
Childhood experiences play a pivotal role in shaping one's beliefs and approaches towards money and success. The desire to please parental figures, coupled with a drive for external validation, can create a complex relationship with achievement. Reflecting on personal upbringing shows how ingrained patterns of striving for approval translate into adult behaviors, often resulting in discontent despite outward success. Recognizing these patterns is the first step toward redefining personal standards and understanding true self-worth.
The Power of Therapy in Personal Growth
Engaging in therapy can provide profound clarity on one's past and present, prompting significant personal growth. Through therapy, individuals can confront their fears, unpack childhood experiences, and build a stronger sense of identity. This process allows individuals to shed harmful beliefs while embracing a new narrative of self-acceptance and appreciation. Therapy not only aids in individual healing but also equips people with the tools needed to foster healthier relationships with money and success.
The Path to Financial Freedom Through Small Actions
Achieving financial freedom begins with small, actionable steps towards investment and saving. Opening a brokerage account can provide a platform for individuals to invest even minimal amounts consistently. By starting small and valuing ownership over consumption, significant change and momentum can be created over time. Individuals are encouraged to prioritize their financial wellbeing by paying themselves first, fostering a mindset that values ownership, and taking proactive steps towards building wealth.
Investing in Dividend Stocks as a Passive Income Strategy
Investing in dividend-paying stocks can be a viable strategy for generating passive income over time. These stocks provide regular payouts derived from a company's profits, allowing investors to earn money without active involvement. As wealth accumulates, individuals can benefit from the compounding effects of reinvesting dividends. Examples of stable dividend aristocrats, such as Coca-Cola and Target, illustrate how reliable returns can contribute to long-term financial security and overall wealth.
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Ashley Fox: https://www.instagram.com/_ashleymfox?igsh=aW1paWVkcHdlNTB1Empify’s Website:http://www.empify.com
Watch our episode with Tiffany Aliche on how to build wealth without leaving your 9-5 job https://youtu.be/4Hgy8WIJ7mg
00:00 Intro
02:30 The TRUTH about how the top 1% think about money
07:10 "I didn't believe I was enough" (NEGATIVE MINDSET)
26:10 Your emotional trauma is making you unhappy
35:11 The first step to being happy & rich!
39:12 Find your thing and NEVER settle!
52:33 How ANYONE Can Fix Broken Beliefs
1:00:36 How to build wealth by investing just $10 (Starting with Nothing)
1:09:36 The minimum amount you can start investing with
1:16:29 How to make figures of passive income without leaving your job.
1:26:16 You can do anything! (EMOTIONAL)
About the episode.
Ashley spent 6 years on Wall Street, managing portfolios for ultra-high-net-worth individuals (over $25M). She saw their accounts, lifestyle and how they managed their money. Quickly she realized her Wall Street job couldn’t give her that level of wealth and freedom she dreamt off. So she decided to copy her wealthy clients by investing. She started with just $300 and has now built a portfolio generating multiple 7-figure returns from that. In this episode she shares how anyone can start investing with $10 and build wealth.
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