Are you making good money but still struggling to build wealth? You’re not alone.
In this eye-opening episode, David Richter sits down with Krisstina, as she shares her journey from rags to riches to rags and back again, offering invaluable insights on personal finance and wealth creation.
The main focus of this conversation is debunking the biggest money myth: that making more money is the answer to all financial problems. Krisstina explains why wealth is built at home, not in business, and provides practical steps to calculate your “good enough” number for financial satisfaction.
Throughout the episode, they discuss common money problems, the importance of profit in both business and personal finance, and how to break free from the earn-spend trap. Krisstina also shares details about her Financial IQ quiz and the valuable resources she offers to help people on their journey to financial freedom.
If you’re ready to transform your relationship with money and learn how to build true wealth, this episode is a must-listen. Tune in now to gain the knowledge and tools you need to secure your financial future.
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If want even more information and personal instruction on how to turn your hard work into financial security and freedom, register for my FREE Wealth Mastery: Your Path to Financial Security 5-Day Challenge using the link below.
Top 5 Takeaways From This Conversation:
- How understanding the three money problem categories can help you identify your financial challenges!
- Why the belief that making more money solves all financial issues is a dangerous myth!
- How running your household like a financial powerhouse is key to building lasting wealth!
- Why calculating your “good enough” number is crucial for achieving financial satisfaction!
- How taking the Financial IQ Quiz can provide eye-opening insights and a valuable step-by-step guide!
Here Are Five of My Favorite Quotes:
- “Money is math. Money’s black and white. Money has very specific rules and laws and metrics that if you follow them, you can be rich.”
- “We build wealth in the household. Not through your business, not through your corporate job, not through your side hustle.”
- “The answer to all my money problems is to make more money. That’s the number one money myth, the biggest money lie out there.”
- “How much money is enough? It’s an equally philosophical question as it is practical.”
- “Money will evaporate. Money loves to move. So it was just moving into the wrong pockets is ultimately what we’re allowing it to do.”
Time Stamps:
- [2:09] Kristtina’s Background
- [5:28] Financial Wake-Up Call
- [8:01] Building Wealth vs. Making Money
- [11:09] Learning Money Fundamentals
- [14:21] Childhood Influence on Money Habits
- [18:25] Money Mindsets and Beliefs
- [23:02] The Earn-Spend Trap
- [28:01] Profit First in Business and Household
- [31:35] Determining How Much Money is Enough
- [36:10] Steps to Financial Satisfaction
- [38:09] Resources and Next Steps
MYTH BUSTED: “The answer to all my money problems is to make more money.”
Krisstina busted this common myth during her conversation. Despite her successful career in real estate sales and business ownership, Krisstina found herself in financial turmoil – divorced, in debt, and unable to afford basic necessities. She realized that simply making more money wasn’t the solution to her financial woes.
The breakthrough came when Krisstina discovered that wealth is built in the household, not through business or side hustles alone. She explains, “You can make a million dollars in your business and spend a million dollars by your lifestyle in your household and you will never build wealth.” The key insight? It’s not about how much you earn, but how you manage what you earn.
Krisstina emphasizes the importance of understanding money’s laws, implementing a profit-first system in both business and personal finances, and creating intentional “buckets” for different financial goals. She shares, “We want profit in our household because then we want profit first. We want to take that profit… and that will go to fund our future self investing bucket.”
The myth-busting revelation? Breaking free from financial struggles isn’t about constantly chasing higher income – it’s about mastering the wealth game through proper money management, creating margins, and building both liquidity and investments. As Krisstina puts it, “Instead of this, I need to go work harder and make more money… it’s like, no, we really need to manage our money in a way that’s profit first, that we know every dollar is accounted for.”
Next Steps:
If want even more information and personal instruction on how to turn your hard work into financial security and freedom, register for my FREE Wealth Mastery: Your Path to Financial Security 5-Day Challenge using the link below.
