Recently, I had the pleasure of being a guest on the Boss Up Babes podcast with Karissa Adkins. This was an incredible experience where we delved deep into some of the core principles of the Wise Money Method and discussed practical strategies for financial empowerment.
During the podcast, we touched on a variety of topics that I believe will resonate with many of you. From my journey in real estate and wealth management to the creation of multimillion-dollar businesses, we covered the essential aspects of financial literacy and personal growth. Karissa and I had a candid conversation about the challenges and triumphs that come with managing and growing wealth, and I shared some of the most impactful lessons I’ve learned over the years.
We also discussed the importance of mindset in achieving financial success. As many of you know, shifting our mindset around money can be transformative. I shared personal anecdotes and practical advice on how to develop a healthier relationship with money, emphasizing that financial freedom is within everyone’s reach, regardless of where you start.
If you’re interested in hearing more about these insights and tips, I highly recommend tuning in to the episode. It’s a great opportunity to gain a deeper understanding of the strategies and philosophies that underpin the Wise Money Method.
Takeaways From This Episode:
- • Mindset Matters: Changing your mindset about money is the first step towards financial freedom.
- • Earn, Spend, Invest: Understanding these three money disciplines and how they work together is crucial for building wealth.
- • Keeping the Margin: Always maintain a margin between what you earn and what you spend to ensure financial growth.
- • The Importance of Financial Literacy: Educating yourself about money is essential for making informed financial decisions.
- • Relationship with Money: Cultivating a positive relationship with money can significantly impact your financial success.
Here Are Five of My Favorite Quotes:
- • “You don’t earn your way to become a millionaire; you spend your way to become a millionaire.”
- • “Mindset is just one piece of the puzzle, but it’s crucial to start there.”
- • “Financial freedom is within everyone’s reach, regardless of where you start.”
- • “Always keep a margin between what you earn and what you spend to ensure financial growth.”
- • “Cultivating a positive relationship with money can significantly impact your financial success.”
Time Stamps:
- [00:00] – [01:31] Introduction to the podcast episode featuring Krisstina Wise being interviewed on the Boss Babe podcast by Karissa Adkins, discussing money principles and financial strategies.
- [01:33] – [04:43] Karissa introduces herself and the podcast, sharing her recent experience speaking in Paris and the opportunities it led to.
- [04:44] – [08:27] Krisstina explains her background and introduces her three key money principles: mindset, relationship with money, and financial literacy.
- [08:28] – [12:10] Discussion on the importance of understanding the difference between earning money and building wealth, and the concept of Parkinson’s Law of money.
- [12:11] – [15:54] Krisstina elaborates on the three categories of money: earn, spend, and invest, emphasizing the importance of mastering all three for financial success.
- [15:55] – [19:36] Karissa shares her personal experience with learning to receive and improve her relationship with money.
- [19:37] – [22:35] Introduction of Krisstina’s financial IQ quiz and discussion on its importance in understanding one’s current financial situation.
- [22:36] – [26:08] Tips on improving money mindset, including reframing negative thoughts and using positive affirmations.
- [26:09] – [28:27] Advice on building a healthy relationship with money and the importance of financial literacy, including the concept of “wealth in the margin.”
