Big Leaps of Big Money: The Mindset of Wealth
Mike has a juicy new episode today that you're going to love.Gay and Mike have an honest conversation about the biggest money mistakes they've made over their careers, and some of their biggest wins and lessons learned.Mike confesses some horrendous investments he has made early in his career that lost half his investment and Gay shares how a stupid fear and mistake cost him $10 million (yep, you read that right) in potential gains on an early Tesla investment.They also share what they'd do differently if they had to start over today. Here are a few key points:Invest in YOUR genius first - the ROI will be huge.Surround yourself with superstar mentors and coaches (Mike still invests ~$250K a year in his own coaching!)Create "unfair advantage" through your network and personal brandPlay the long game - have patience and disciplineThey get super honest about family money dynamics, like trying to "coach" their own kids. Let's just say hiring and firing your own offspring is...complicated!Whether you're new to investing or an old pro, Mike thinks you'll find this episode motivating, insightful and entertaining. Have a listen and let's hear your key takeaways!Key Takeaways(03:37) Gay’s first Big Leap into investing(06:23) The three traditional ways to invest(16:31) Jackie Kennedy and a colossaly dumb stock market mistake(21:59) Never outsource your money movement(27:00) How to invest in your own genius(45:01) What does it take to get to a wealth mentality?Additional ResourcesGet my new book Punch The ElephantGet on the Early Bird List for The Big Leap Experience!