The Mindset Mentor - Accomplishing Your Dreams
Episode Date: December 21, 2019How much is your dream life worth to you? Have you ever thought about it and how much it would change you and your family's life? Well in this podcast, I am going to teach you how to budget that out a...nd create the dream life you want.Join my IronMind60 Challenge here: http://ironmind60.com/ Want to learn more about Mindset Mentor+? For nearly nine years, the Mindset Mentor Podcast has guided you through life's ups and downs. Now, you can dive even deeper with Mindset Mentor Plus. Turn every podcast lesson into real-world results with detailed worksheets, journaling prompts, and a supportive community of like-minded people. Enjoy monthly live Q&A sessions with me, and all this for less than a dollar a day. If you’re committed to real, lasting change, this is for you.Join here 👉 www.mindsetmentor.com My first book that I’ve ever written is now available. It’s called LEVEL UP and It’s a step-by-step guide to go from where you are now, to where you want to be as fast as possible.📚If you want to order yours today, you can just head over to robdial.com/bookHere are some useful links for you… If you want access to a multitude of life advice, self development tips, and exclusive content daily that will help you improve your life, then you can follow me around the web at these links here:Instagram TikTokFacebookYoutube
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Welcome to today's episode of the Mindset Mentor Podcast. I am your host, Rob Dial.
And if you have not yet done so, hit that subscribe button so that you never miss another
podcast episode. Okay, so we're going to talk about your goals for 2020. If you haven't
noticed, we kind of have a little bit of a, I guess you could say
a cadence of things coming out that happen to be related to 2020. There's some commonality in the
last few episodes. And the reason why is because, you know, I think there's a lot of importance of
a new year. I'm not really big on, you know, oh, New Year's resolutions have to set New Year's
resolutions. But for a lot of people, like I could start a new goal in the middle of the year. It doesn't really matter to me. But for
a lot of people, the main time that they sit down and actually set goals is New Year's resolutions,
which is why I want to dive into this so much. And not only are we going into a new year,
we're going into a new decade. That's crazy if you guys really think about it.
So let's talk about your goals for the new decade,
for the new year. So, you know, I want you to think about this and you can pause me as much
as you need to. And if you've listened to me talk about goals before, you know that one of the main
keys to goals, one of the main things that I talk about with goals is getting extremely,
extremely clear on your goals. And so, you know, the thing with
this is I want to just talk about your top three goals, even just your top one. It's completely up
to you as we're going through this. And you can pause me if you need to and write them down.
But I want you to write down your top three goals for 2020. So hit pause if you need to. Go grab a
pen and paper. Let's talk about your top three goals for 2020. So if pause if you need to. Go grab a pen and paper. Let's talk about your top
three goals for 2020. So if you need to grab a pen and paper, pause me. I'll be here. Okay,
welcome back. Hopefully you've done that. And I want you to talk about your top three goals. So
write down your top three goals with a pen and paper right now. Don't put it in your phone. If
you can go grab a pen and paper, there is power to putting pen to paper. So write down your top three goals for 2020.
And I want you to get clear. I want you to get detailed, as detailed as you possibly can get.
And then what I want you to do, and here, let me explain why I want you to get detailed first off,
is because you could say, I want to lose weight in 2020. And that's great. That's cool.
You know, there's nothing wrong with that. But if you lose one pound in the entire year,
guess what? You hit your goal. You lost weight. And so there's a difference between saying, I want to lose weight in 2020 versus saying, I want to lose 17 pounds and weigh 175 and have 13% body fat. And this is a picture of the body
that I want on somebody else. You see the difference between the amount of clarity?
Then if you visualize and start thinking about this perfect body, it's a lot easier
when you know the body fat. You know how much you can be losing. You know what you want your
weight to be at. You even know what the perfect body looks like. There's a huge difference between the two
of those. So you need to get extremely, extremely clear. A lot of people say, I want to make more
money in 2020. Cool. Well, let's say you made $60,000 this year and next year you make $60,000
in one, $60,001. Well, guess what? You hit your goal. Congratulations. But I guarantee you're
not trying to make one more dollar over the course of next year.
So what is your goal?
You want to say, okay, I want to make $100,000 next year.
Okay, cool.
Well, that's great.
If you've never made $100,000, that's great.
And that's a good goal for a lot of people to hit that goal.
But you have to get extremely clear.
Not, I want to make more money.
But also you could break it up and say, okay, in quarter one, say you're in sales and you want to make a hundred thousand dollars. In quarter
one, I need to make, you know, $20,000. In quarter two, I need to make $25,000. In quarter three,
I need to make $30,000, which will then make my quarter four easier. Whatever it is that you need
to do, get extremely clear on the goal. Not just, I want to make more money. I want to lose some
weight. I want to get in better shape. I want to eat better. Like what, what does that mean? Get extremely, extremely clear about it.
Okay. So what are those goals to you? That's what you need to know. Now here's where it gets super
important. What are those goals worth to you? What are they worth to you? Write it down. What are
they worth to you? What are they worth to you next year? And what are they worth to you? Write it down. What are they worth to you? What are they worth
to you next year? And what are they worth to you over the next 10 years? So let's say for instance,
that you make $60,000 a year. And here's the thing that I've noticed with myself and then
lots of people who I've coached is once they hit $100,000 a year, they rarely ever go below that
$100,000 a year again, because now
that they've made that amount, they've realized that they're worth that. And when you finally
click over to realizing how much you're worth, you will continue to make that amount.
And so that's what I want you to think about is, what is that worth to you? Okay. So it could be,
you know, losing weight could be worth to you the fact that you'll be
able to make sure that you're here for your children and that you're going to be able to
walk your daughter down the aisle. You'll be able to hold your grandchildren. You'll be able to see
your grandchildren take their first step, whatever it is. And you can get very detailed. That's what
it's worth to you on an emotional level. That's worth a lot. Also, if you're in better shape,
you have more physical energy. So you have more energy so you can lot. Also, if you're in better shape, you have more physical
energy. So you have more energy so you can do stuff. Maybe if you're in better shape,
you're also working harder at work because you have more energy because you're not eating like
shit anymore. When you don't eat like shit, it's funny how much energy you actually have.
So you could put that down. It's worth that to you. Let's talk about money. If we say you want
to make $60,000 and you want, I'm sorry, you make $60,000 right now
and you want to make $100,000.
Well, clearly that's worth $40,000 at least to you next year.
Now, because of, like I said earlier, if you feel like you're now worth that $100,000,
there's a pretty good chance you'll never make less than that $100,000.
So what is that worth to you over the next 10 years?
If you do nothing different and you make an extra $40,000 a year, you've made an extra $400,000 over the next 10 years. If you do nothing different and you make an extra $40,000 a year,
you've made an extra $400,000 over the next decade if nothing else changes.
That's a lot of money that that's worth to you, correct? So get extremely detailed,
pause me if you need to, and write down what is that worth to you over the next year? What is that worth to you over the next 10 years? And I mean
in your bank account, but I also mean emotionally. I mean physically. I mean in your relationships.
What is all of that worth to you? If you make an extra $400,000 in the next 10 years, guess what?
You're talking about your children's college funds. You're talking about being able to travel
with your family. What is that worth to you to be able to, you know, go for that goal and hit that goal?
So pause me if you need to and write that down.
This is extremely, extremely important that nobody ever does when they talk about their goals.
Next thing you want to think about is what do you need to do in order to hit those goals?
Not even what do you need to do.
Let me rephrase it.
Who do you need to become in order to hit those goals?
You know, you right now, if you're making $60,000 a year,
then clearly the person that you are right now
is only capable of $60,000 a year
because if you were capable of more, guess what?
You have already made it.
So that means that if you're gonna make $100,000 a year,
you need to change.
You need to become the best version of yourself. You need to read
more books. You need to go to more conferences. You need to invest in more courses. You need to
go to more networking events. You need to grow because your bank account will then grow.
Here's the thing that I always say to people. Your bank account will never surpass your personal
development account. Let me say that again. Your bank
account will never pass, surpass, pass, whatever you want to say, your personal development account.
So the way that I see personal development is I see it like a bank account, you would see.
And the more that I invest into that personal development account,
the more that my bank account starts to grow. Because I grow as a person. As I grow as a person,
my ability to be worth more
and provide more value to the world grows.
And money is just a byproduct
of the value that you give the world.
So therefore, I need to grow myself
in order to grow my bank account.
Like for instance, I'll give you a perfect example.
Like this year is my business has grown way more than I ever thought it possibly could grow. I've
made more money than I ever have. And this isn't me bragging. This is just me being honest with you.
But I've also spent more money on myself than I ever have. This year alone, I spent over $150,000
just into my personal development. I had never spent anywhere near that years before.
I had probably spent, you know, around that the past 10 years, 15 years, probably about 10 years
spent around that. But I spent over $150,000 this year. Well, no wonder why my freaking bank account
exploded because I exploded in my own personal development and the people that I was networking
with, the people that I got around, the masterminds that I invested development and the people that I was networking with,
the people that I got around,
the masterminds that I invested into,
the courses that I took,
the travels that I took
to go specifically be around certain people
and spend time with them
and the money that I spent to be around them as well.
And so you have to realize
your bank account will never pass
your personal development account.
So if your bank account has been pretty stagnant over the past few years, I guarantee so has how much you've been investing into yourself.
I guarantee that you haven't been investing yourself as much as you need to.
One thing that's very, very important that I always tell people and people never think about
this. I always say this because people never really take the time to think about it is,
you know, you know how much
you spend on average. Hopefully you've created a budget, but if you're like most people, you might
not have created a budget because most people don't. They just kind of spend their money and
they have a little bit of an idea of money goes here, money goes here, money goes here. But you
know how much your rent is or your mortgage is every single year. I'm sorry, every single month.
You know how much food you spend on food every single month. You know how much you spend on your
car payments. You know how much you spend on your insurance. You know how much food you spend on food every single month. You know how much you spend on your car payments. You know how much you spend on your insurance.
You know how much you spend on your phone bills, your house insurance, all of that stuff.
You know how much you spend pretty much every single month on each one of those things,
right?
So that's a semi-budget, even if you've never written it down.
But how much do you budget monthly into your personal development?
Hmm? Anybody? Anybody? Anybody? Anybody?
Anybody? Nobody? Nobody. Nobody knows how much they spend. Nobody's written down with a pen and
paper how much you need to spend on yourself. Nobody? Nobody? Anybody? Anybody raise your hand?
Nobody. Whoa. Nobody writes down how much they're going to spend on themselves monthly.
There's no monthly budget on how much you're going to spend on their own personal. They have a
monthly budget for how much you're spending on their fricking iPhone. And they'll go out and
they'll spend $1,500 on a new damn iPhone, but they don't spend $1,500 in their own personal
development. And then they wonder why they're stuck. Well, I could give you some pretty damn
good reasons why. Cause you have to realize that's what it, that's what it takes. You know,
much you spend on your phone per month, you know, much you spend on your car per month. You know how much you spend on
your car insurance per month. You know how much you spend on your rent per month, how much you
spend on your food, your gas, all of those things, how much you go out and party per month for some
of you guys. But you don't even know how much you spend. You don't have a budget for how much
you're going to spend on your own personal development per month. And you expect that somehow you're going to grow, it's crazy. And once I say this to people,
it's like a holy shit moment a lot of times. You're like, oh my God, I've never thought about
that. I spend a hundred bucks a month on my phone, but I don't even spend a hundred bucks a month on
my own personal allotment. No wonder why my life has been stagnant the past two
years, five years, 10 years, 30 years for some people. Because there's no monthly budget of how
much I'm going to invest into myself per month to grow. And so what I want you to do, if you have a
pen and paper in front of you, write down on a pen and paper right now how much your monthly budget is into your personal
development. Is it $100? $200? $500? Everybody who's listening to this makes different amounts
of money. How important are your goals for next year and also for the next 10 years? Once again,
I said if you make $100,000 next year, but you've only made $60,000, that's worth $40,000 to you.
And over the next 10 years, that's worth $400,000 to you. But you're not going to spend a hundred
bucks a month and do yourself. You got to think about that. You got to think about conferences.
You got to think about books. You got to think about courses. You got to think about challenges.
You got to think about getting a mentor. You got to think about whatever it is that you need to do in order to grow yourself. You need to create a monthly
budget because your bank account and your personal development account, I'm sorry, your bank account
and your physical account, like your physical appearance and your health will never surpass
your personal development account. You have to realize that. You're worth investing
into, but most people don't even see themselves as an investment. The number one ROI that you
will ever spend, the number one return on investment that you'll have is investing into
yourself. I don't invest in other companies. I don't invest in the stock market. I don't invest
any of that stuff. I invest into myself and I invest into my business.
Why?
Because I can see on paper how much that pays.
And it pays a lot more than investing into Amazon.
It pays a lot more than investing into ETFs.
It pays a lot more than getting into index funds
and getting, what is it?
The Roth IRA or whatever the hell those things are.
I don't know because I don't spend my money into that. I spend my money into the one thing that I
know will give me a massive ROI, no matter what happens to the stock market. And that's myself.
Because I know that when I grow, my life grows, my relationships grow, my happiness grows,
my joy grows, my bank account grows, my business grows, the people that I impact grows,
all of that stuff grows. So sit down with a pen and paper right now. I'm going to give you,
even if you're driving, I'm going to give you a pause first. I'm going to pause and say nothing,
but I want you to answer this question out loud, in head on a piece of paper whatever it is how much are you going to invest yourself every single
month for the next year
do you have it I'll give you five more seconds even think deeper
okay now you've got that number write it down on a piece of paper. When you get to your destination, if you're driving,
make sure you put it in your phone.
Write it down so you don't forget.
And know that's how much you need to spend on yourself
because your personal development is the biggest ROI that you will ever have.
The biggest return on investment comes from investing into yourself,
not Amazon, not anything else that's out there,
not Apple, not any of those things.
Because if you look at, oh yeah, you know, if I would invest in Apple 10 years ago, I'd
have three times my amount of money.
If you would invest that same amount of money into yourself 10 years ago, you probably have
10 times the amount of money.
Because that's what happens when you invest in yourself.
So that's what I got for you for this episode.
Find out what your top three goals are.
Get extremely clear and detailed on what you need to do
in order to hit those goals and what they are.
And then ask yourself, what are those goals worth to you?
What are they worth to you next year?
And what are they worth to you over the next 10 years?
And then who do you need to become in order to hit those goals?
And then how much do you need to spend into yourself
in order to hit those goals?
So that's what I got for you for today's episode.
If you want to go ahead and join in
on the Iron Mind 60 Challenge
and challenge yourself over the first 60 days of the year
to become the best version of yourself
and get daily coaching from me every single day
and have a massive support system
and accountability system to help you hit your goals
and to make sure that you stay consistent and disciplined
and you don't put procrastination into your life
over the 60 days of next year. Starting January 1st, go to ironmind60.com. Once again, I don't
know if the first 200 spots have been sold yet, but if you are one of the first 200 people that
join, you get 25% off and you get a free ticket for a friend that you can bring in as your
accountability partner. So go to ironmind60.com, I-R-O-N-M-I-N-D-60.com.
And I'm going to leave you the same way I leave you every single episode,
make it your mission to make someone else's day better. I appreciate you.
And I hope that you have an amazing, amazing day.