Are you struggling to build wealth despite earning a good income?
In this episode of Wealthy Wellthy podcast, we dive deep into the often misunderstood world of money mindset and financial literacy. We explore the three-legged stool of money: mindset, relationship, and literacy. I share my personal journey from financial struggles to building wealth, and how these experiences shaped my approach to money
The main focus of this episode is debunking common money myths and introducing the three-legged stool of money: mindset, relationship, and literacy. Krisstina emphasizes that financial freedom isn’t just about earning more, but about understanding and managing money effectively.
Additional topics covered include overcoming money trauma, the importance of couple alignment in finances, and practical strategies for building generational wealth. Krisstina also discusses the balance between health, relationships, and money in creating a fulfilling life.
Ready to transform your relationship with money and achieve true financial freedom? Listen to this episode for actionable insights and a fresh perspective on wealth-building that goes beyond just making more money.
WW Live Event Website – https://krisstina.com/live
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Top 5 Takeaways From This Conversation:
- Why more money doesn’t solve problems and can even create more when we lack financial literacy!
- How understanding the three-legged stool of money – mindset, relationship, and literacy – creates true financial freedom!
- The surprising truth that your business alone won’t make you financially free without proper wealth-building strategies!
- How clearing money traumas from childhood is crucial for developing a healthy relationship with finances!
- Why spending less than you make and investing the difference is the key to building lasting wealth over time!
Here Are My Favorite Quotes:
- “More money doesn’t solve the problems. More money can even create more problems. But more money, when we’re good stewards and we understand it, actually makes life easier.”
- “Money is a journey and it’s a lifelong journey. When we get real clear that we don’t want to be in these situations, the balancing came from gaining more time over our life the more assets that we have.”
- “Money is to underwrite a good life. When we’re in control of our money, when we’re in harmony with our money, then we don’t have to sacrifice our health for wealth.”
Time Stamps:
- [5:55] Three pillars of the money stool explained
- [18:25] Freedom is the ultimate goal, not money
- [25:55] Three master categories of money: earn, spend, invest
- [41:35] Balancing family, business, and wealth building
- [50:20] Money journey has ups and downs, not linear
MYTH BUSTED: “More money solves all your problems.”
Krisstina Wise, a successful entrepreneur and money expert, learned the hard way that simply earning more doesn’t guarantee financial freedom or happiness. Despite making hundreds of thousands of dollars per year in real estate, Krisstina found herself in a situation eerily similar to her parents’ financial struggles—constant arguments about money behind closed doors.
The wake-up call came when her high-earning lifestyle crumbled, leaving her a divorced single mother with no car, unable to pay bills, and relying on handouts from coworkers. This experience shattered the myth that more money automatically solves problems. As Krisstina shares, “More money doesn’t solve the problems. More money can even create more problems.”
The key insight? True financial well-being isn’t about chasing higher income, but developing a healthy relationship with money, understanding its role as a tool, and mastering the three pillars of financial literacy: earning, spending wisely, and investing for growth. By shifting focus from simply making more to becoming a good steward of money, Krisstina discovered that “more money actually makes life easier… when we have a meaningful relationship with our money and we’re not just spending it to keep up with the Joneses.”
Resources Mentioned
The Psychology of Money by Morgan Housel – https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681
The Greatest Salesman in the World by Og Mandino – https://www.amazon.com/Greatest-Salesman-World-Og-Mandino/dp/055327757X
