Ex JP-Morgan: I Got RICH When I Understood THIS... How To Build Wealth In 2025 (Painfully Simple!)
Apr 14, 2025
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Ashley Fox, a financial educator and founder of Empify, shares her inspiring journey of overcoming self-doubt and emotional healing through therapy. She discusses how limiting beliefs can hinder financial success and the importance of reshaping one’s mindset for wealth-building. Fox highlights the significant differences in financial attitudes between the wealthy and the general public. She also delves into effective long-term investment strategies, advising against panic selling and emphasizing the need for thorough research before making investment decisions.
The podcast emphasizes the importance of separating self-worth from financial success to foster emotional resilience and personal growth.
Listeners are encouraged to create a self-funded emergency fund to enhance financial independence and confidence in their personal financial health.
Surrounding oneself with like-minded individuals is highlighted as crucial for breaking free from limiting beliefs and fostering an abundance mindset.
Practical investment strategies are discussed, focusing on understanding company fundamentals and recognizing red flags to make informed financial decisions.
Deep dives
Identity and Self-Awareness
The discussion highlights the speaker's journey of self-discovery, revealing how personal identity interplays with financial success. Initially, the speaker struggled with self-worth, feeling that achievements and money were closely tied to personal value. After experiencing a period of emotional struggle, the speaker recognized a pattern of self-sabotage connected to financial decisions, such as shying away from wealth accumulation out of fear of isolation from peers. Consequently, the speaker embraced the notion of separating self-worth from financial status and allowed for self-compassion in the pursuit of success.
Understanding Financial Independence
A critical reflection on the nature of financial dependency versus independence is presented, emphasizing the importance of personal earned income. The speaker acknowledges previously neglecting personal financial growth in favor of the business's needs, leading to a revelation about the necessity of compensating oneself adequately. By establishing a mindset that values personal financial health, the speaker delineates the need to create a self-funded emergency fund. This recognition facilitates newfound confidence in fulfilling personal needs while serving a broader goal of sustaining the business.
The Impact of Environment and Beliefs
The podcast delves into the influence of environment on personal beliefs regarding money and success. The speaker advocates surrounding oneself with like-minded individuals who elevate ambitions and challenge limiting beliefs. Acknowledging the struggle of growing up with financial insecurity, the speaker discusses breaking free from the fear of wealth and embracing an abundance mindset. By identifying and reconnecting with her aspirations, the speaker outlines a path to evolve into her richest self, ensuring that personal goals align with business growth.
The Role of Emotional Resilience
Emotional resilience becomes a focal point in the discussion, emphasizing the need to detach from financial fluctuations. The speaker explains how the emotional reactions during market downturns can cloud judgment and lead to irrational decisions like panic selling. Instead, the emphasis is placed on understanding market cycles and viewing downturns as opportunities to acquire more assets at lower prices. By cultivating a long-term perspective and recognizing patterns in market behavior, one can stabilize emotional responses and navigate investments with greater confidence.
Investment Strategies and Research
The speaker outlines practical steps for making informed investment decisions, stressing the importance of researching potential companies before investing. A methodical approach involving the assessment of familiar companies that individuals frequently use is suggested for novice investors. This includes examining the company’s financial performance, leadership, and competitive landscape. By understanding a business’s fundamentals, investors can make confident purchasing decisions and avoid common pitfalls associated with hasty investments.
Red Flags in Investments
Essential red flags to consider when evaluating potential investments are discussed, including consistent revenue decline and leadership changes. The speaker highlights the significance of understanding a company's performance over time and the implications of dividends on financial sustainability. By being vigilant about performance indicators and market conditions, investors can better assess whether to hold or divest from their investments. This ongoing vigilance helps in developing a strategy that minimizes emotional decision-making and maximizes logical responses.
Cultivating a Billion-Dollar Mindset
The concept of adopting a billion-dollar mindset is introduced, underscoring the importance of thinking big and setting ambitious goals. The speaker clarifies that wealth generation isn't solely about financial metrics but also about expanding one's identity and purpose. By visualizing the kinds of achievements desired, the speaker urges listeners to align daily actions with these envisioned outcomes, preparing mentally for success. This growth mindset fosters resilience through challenges and promotes ongoing personal development while navigating the complexities of business.
The Power of Learning from Setbacks
The speaker reflects on the significance of learning from setbacks, emphasizing the importance of emotional recovery in the face of perceived failure. A structured approach to processing disappointment involves acknowledging feelings while maintaining focus on future objectives. The speaker illustrates how past experiences of low points have informed and strengthened resilience. By embracing setbacks as part of a larger journey towards success, individuals can reframe failures into opportunities for self-improvement and growth.
Join this channel to get access to perks:https://www.youtube.com/channel/UCuvjQYKukKjVyhSVxQibgOw/joinGet 10% off your first month https://betterhelp.com/calumjohnsonStart investing safely with Public https://public.com/calumTry notion for free https://notion.com/calumjohnsonOur Merch drops soon! Be 1 of 50 to get EXCLUSIVE ACCESS: https://bit.ly/StayDelusional2 Follow Us!Instagram: https://www.instagram.com/calumjohnson1?igsh=MTdzbHI1b3c1b2dmag== Twitter https://x.com/calum_johnson9?s=21 Ashley Fox https://www.instagram.com/_ashleymfox?igsh=aW1paWVkcHdlNTB1Watch our episode with Donni Wiggins on how to get rich in 2025 https://youtu.be/GkxGipg1EEM00:00 Intro05:38 Most limitations are imaginary. 08:37 Imposter syndrome on Wall Street!13:01 Your environment determines your dreams 16:30 How wealthy people handle finance25:13 Difference in mindsets between the wealthy and the 99%30:35 How therapy changed her life35:59 I spent $100,000s to heal my trauma44:06 Allow yourself to heal 47:45 Don’t just survive, thrive!52:20 How to create your roadmap for success59:56 How to be rich in this Trump economy1:05:00 Breakdown of how the stock market works1:10:00 Easiest way to choose stocks to buy 1:14:46 Full research process to pick the right stocks to invest in1:19:26 Red flags to check for before buying stocks 1:25:17 Stop panic selling1:32:40 Programming yourself for your first million 1:35:11 Separate your identity from your business 1:47:02 You can come back from anything About the video Today’s guest is Ashley Fox. She’s a financial educator, entrepreneur, and founder of Empify. In this episode, she shares her journey of overcoming self-doubt, healing through therapy, and reprogramming her mindset to unlock abundance. She also breaks down how to understand the stock market, start investing as a beginner and program yourself to make your first million. This is more than investment talk — it’s a blueprint for healing and thriving.Public Disclosures: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. The 6%+ yield is the average, annualized yield to worst (YTW) across all ten bonds in the Bond Account, before fees, as of 12/13/2024. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. *Terms and Conditions apply.
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