The Mindset Mentor - Ep 116 - Invest in Yourself (KNOWLEDGE IS POWER PT. 4)

Starting point is 00:00:00 Before we dive into today's episode, if you would like a free copy of our motivational ebook called Hack Your Goals, the Step-by-Step Guide to Achieving Success, go to mwfmotivation.com and download it. It's already been downloaded over a thousand times, so go ahead and get your copy now. All right, I'll get you the podcast right now. Welcome to the MWF Motivation Podcast, which I am proud to say has been rated the number one podcast in iTunes new and noteworthy in six different categories, including self-help and business, and is a podcast designed to help you grow into the best version of yourself in 10 to 20 minutes. Every Monday, Wednesday, and Friday, we'll take a life topic, break it down, discuss it, and leave you with thoughts to impact your life and mind. My name is Rob Dial, and

Starting point is 00:00:51 the podcast starts now. Welcome to today's episode of the MWF Motivation Podcast. I am your host, Rob Dial. And if you have not yet done so, please subscribe to us however you listen to us, whether that be through iTunes, Stitcher, SoundCloud, or if you're watching along out in YouTube land as well. And also, if you haven't done so, go to facebook.com slash MWF Motivation to get daily motivation into your newsfeed every single day and to also get the updates on the live Facebook events that I've been doing, the Facebook live, but then also the same time join the giant community of people that we have there as well. And before we dive into today's

Starting point is 00:01:37 episode, I want to talk to you really quickly about the MWF mastermind and group coaching that I'm actually about to start. And I'm going to make a special announcement, but I'm not going to make it yet. Email me if you're interested in learning a little bit more about it. And then I can send you some information. But I will let you know that for the first 30 members of the MWF Mastermind community and group coaching community, they will get a 25% discount. So if you're someone out there and you're interested in group coaching to take you to the next level and you want to be one of the people that's the first 30, they get a 25% discount. Send me an email, rob at mwfmotivation.com, and I can tell you a little bit more about it

Starting point is 00:02:19 before the actual full announcement comes out later on this week. So today we're going to go into the fourth part and the final part of the Knowledge is Power series. And that is called, today it's called Invest in Yourself, which is a perfect segue for it. I was just covering it and going over. But what if I told you that I had a stock in the stock market that I was 100% sure it could not fail. No matter what, it was going to return 10 times of what you put in. So if you put $1,000 in, it would return $10,000 and it was guaranteed no matter what. And then I said, would you want that stock? I guarantee that every single person that I asked would say, hell yes, I want to know what

Starting point is 00:03:05 that stock is. Please tell me what that stock is. And their only guarantee in life, the stocks, they're never going to be a guarantee. The only guarantee in life is you. You're the only guarantee. You are in charge of your future. And personally, I spend a lot of money on myself as far as investing into myself, investing into my knowledge, investing into making myself become better because I know how good of a return investment it is. Because when I was 19 years old, I learned how valuable it was because at 19 years old, I spent $500 a month for my very first mentor, my very first coach.

Starting point is 00:03:46 $500 a month for my very first mentor, my very first coach. I paid more for my first mentor, my first coach at 19 years old than I did for rent. So I spent more on myself than I spent for rent. And it was something that I just took a leap of faith and said, you know what? Screw it. I'm going to try it. I'm going to invest in myself and see if I can really start to make lasting changes in my life. And my income in just a little bit over 18 months, from 19 years old until 21 years old, it went from $17,000 my first year before I started coaching to over $177,000 by the time I was 21. I made $177,000 when I was 21. And that's under two years. That was a 10 times income increase. And I will put 99.9% of the reason why I was so successful is because I invested into myself. That was the reason why I was so successful. Here's the deal though. Most people,

Starting point is 00:04:39 they don't spend money on themselves as far as learning and growing and becoming a better person. They spend money on themselves by going out to eat, by going out Friday and Saturday and spending a couple hundred bucks on drinks and dinner and all of those things that they do, or they spend $500 a month on their car payment when they're only making like $30,000 or $40,000 a year. They spend an extra couple hundred dollars a month on insurance for that car. So they spend like $600, $700, $800 a month for their car payment instead of saying, you know

Starting point is 00:05:12 what, I'm going to take $100, $200 a month and invest into myself and invest into my knowledge and see how far that gets me down the road. And the reason why I put a lot of money, I spend a lot of money on myself personally to get my own education higher. I didn't spend a lot of money in school. I actually dropped out of school because I realized that money was not a good return on investment. So what I did was I started spending money on myself instead, the way that I wanted to learn and the way that I wanted to invest my money into it.

Starting point is 00:05:43 And so I know that last year, I went back and looked through my Amazon charger. I spent over $2,000 last year alone on buying just books on Amazon, over $2,000 just in books. Three weeks ago, I believe I spoke about it on the podcast before, but three weeks ago, I went to a two-day mastermind and spent... The two-day mastermind was over $10,000. Actually, it was exactly $10,000 for the two-day mastermind and spent... The two-day mastermind was over $10,000. Actually, it was exactly $10,000 for the two-day mastermind. And I understand most people out there listening are saying, oh yeah, but I don't have $10,000 to spend on myself for two days. Cool, whatever. I'm not trying to brag about how much money I spend on myself. I'm trying to give you an idea

Starting point is 00:06:18 of what I do personally to give you an idea that if you're not investing in yourself, or if you've been thinking about investing more money into yourself, you probably should spend more money on yourself. If somebody ever comes up to me and says, should I spend more money on myself and more money on my knowledge? I'll automatically say yes, no matter what, because I know that that's the best return on investment. I know that the richest and the most successful people in the world spend tens of thousands of dollars on themselves every single year. The only guarantee is you, and you are in charge of your future. So why should you not spend money on yourself to get better every single day? And why do I have a ton of podcast listeners?

Starting point is 00:06:55 Not because it's amazing. Sure, it might be a great podcast, whatever. The reason why I have a ton of podcast listeners, thousands of podcast listeners, is because my podcast is free. And I know that. And it's hard for me to say it out loud, but I know because it's free, people will listen to it. If there was money that people had to pay for my charge, I had to charge people to listen to my podcast. Most people would not do it. And the reason why is because most people won't invest in themselves and their own edification. I understand that. People, I understand you guys probably love the podcast. People out there love the podcast, whatever. But you listen, some of you, just because it's free. If it was money, you wouldn't pay it because you don't want to invest into yourself. I'm not trying

Starting point is 00:07:33 to be harsh. Just trying to tell you the way that I'm pretty sure it probably is. So like I told you, I spent $10,000 on myself. I spent over $2,000 on books, whatever. I had a friend, to give you an even crazier idea, at 25 years old, spent $100,000 on himself in one year. $100,000 on Tony Robbins, on different seminars that he went to, on coaching, on traveling to all of these different places, on getting mentors, over $100,000. Here's the crazy thing. He had never made $100,000 a year and he did not have $100,000 in his bank account. He actually signed up for all of these coaching programs and went to all of these different mentorships, sponsorships, everything that he possibly could go to and paid it on a credit card and said, I'll figure out a way to

Starting point is 00:08:21 pay it off. Two years down the road, you might say, well, he spent a hundred thousand dollars not having a hundred thousand dollars in his bank account. Where is he? That's kind of, that's kind of a scary situation because his goal is to spend a hundred thousand dollars a month on himself. He now makes, I spoke to him a couple of weeks ago, over $45,000 a month with what he does. So do you think have him, he never in his entire life made over a hundred thousand dollars, but then two years down the road, after he had spent $100,000 in one year on himself, he makes over $45,000 a month. That's off the top of my head,

Starting point is 00:08:54 about six, $700,000 a year that he makes now. Do you think it paid off? Absolutely, I would say it paid off. So that's the thing that I want you to realize. I realize some of you out there listening go, I don't have $100,000 to spend on myself. absolutely. I would say it paid off. So that's the thing that I want you to realize. I realize some of you out there listening go, I don't have $100,000 to spend on myself. I don't have $10,000 to spend on two days of a mastermind. I don't have that type of money. Cool. I'm not saying that you have to spend that type of what I always recommend. And if you've heard my other episodes, I've recommend that every person, no matter who they are, no matter how poor they are,

Starting point is 00:09:23 other episodes, I've recommended that every person, no matter who they are, no matter how poor they are, no matter where their financial situation is, find a way to spend at least $100 a month on yourself, whether that's buying books or buying courses or going to seminars or getting a mentor or joining a coaching session, whatever it is that you can do, spend at least $100 on yourself. If you do the math, that's $3.33 a day. Are you telling me that you can't find a way to come up with $3.33 a day to personally improve on yourself and get better? And I realize I have group coaching programs that are coming out and I do one-on-one coaching, all that stuff. I'm not trying to pitch that. You don't have to spend any money with me. That's fine. You have the free podcast. That's why you're listening, right? It's free. You can use it if you want to. If you want more

Starting point is 00:10:08 advanced stuff, sure, you could spend your money with me, but I don't care either way. All I want you to do is you spend $100 on yourself in some sort of way, whether that's buying five or six books every single month, whatever it is. Because I know that most people spend over $100 on a weekend to go out and get drinks. And I know that people spend over $100 on a weekend to go out and get drinks. And I know that people spend over $100 on a weekend, you know, or maybe just going out to dinner one time. And I'm not saying completely stop that stuff. What I'm saying is, could you figure out a way to budget it to make sure that you spend

Starting point is 00:10:38 at least $100 a month on yourself to improve and to constantly get better? Because that money that you spend on drinks, that money that you spend on food, that money that you spend on your car and your car insurance and all those different things, that money's never going to come back to you. You're not going to get a return on your investment. A smart investor puts their money where they know they're going to get the best return on investment. And I personally know that if you put money into yourself and you put money into your own knowledge, it will come back at least, at least, and I promise you at least tenfold once you start putting money into yourself. So I know with all of this, you're going, well, I can invest in myself and my knowledge. What other type of investing should I

Starting point is 00:11:15 do in myself? So the first thing I say is invest in yourself and your skills. That's what I was just talking about. Your skills, your knowledge, your improvement, your own edification in education is what I think you should spend at least $100 a month on yourself. The second thing you should always spend money on for yourself is your health, whether that be making sure that you have a gym membership, making sure that you go to the right type of gym. I have sports injuries from being injured over the years. I have to go to a more expensive gym. It sucks. I wish I didn't have to, but I spend like five times more than most people because I have to have a literal physical therapist. For you, if you don't have injuries, you can spend 30,

Starting point is 00:11:52 40 bucks a month, go to a great gym and you'd be perfectly fine. So some people don't invest themselves in that way. Some people don't invest into their health for eating the right food, for making sure that they have the right diet plan, for, you know, maybe they're not, they don't have any education on dieting or they don't go to a, so they don't go to a nutritionist. Maybe you could spend money on going to a nutritionist, or maybe you've never really worked out before and you want to get in shape. You could spend money on actually going and getting a trainer, which is just like a mentor for the skills that you want in number one. So there's always

Starting point is 00:12:25 a mentor that you could find. A mentor for a diet would be a nutritionist. A mentor for working out would be getting a trainer. So I always recommend that the second thing that you invest in is to invest into your health. So invest into your skills is number one. Invest into your health is number two. And the third one is to invest into your future. Try to figure out a way to start budgeting. I'm going to do an episode. I've had a couple people ask me, could you please do an episode on budgeting? I will because I've been going over some with my coaching clients and they say I really need to do an episode on it. But invest into your future. Try to figure out the stock market. Most people go, oh, I don't know the

Starting point is 00:13:00 stock market. I don't know how investing works. It's a game. You need to figure it out because it's going to happen whether you want to join the game or not. You're already part of the game. So either learn about it and you learn about investing and you learn how to set yourself up for the future or you're going to be part of the game anyways and everything's still going to happen exactly the same and you're going to be left behind. So you need to invest into your future and invest into whatever it might be, stock market, CDs, money market, whatever it is you want to invest in, figure it out. One of the best things that I would recommend, and I'll put a link to it if you guys want it. I'll put it in the show notes if

Starting point is 00:13:36 you want. It should be mwfmotivation.com slash episode 116. But I would recommend Tony Robbins' book, Money Master the Game. It's incredible. And it really gives you a good idea. It's a massive book. It's like 600, 700 pages. So I hope that doesn't scare you away. But it really gives you an idea for someone who's never done any investing in their life. It gives you an idea of exactly how to invest and where to put your money and how to diversify it as well. So the three ways that I recommend that you invest in yourself. So the last part of knowledge is power is to invest in yourself because the more knowledge that you get, the more power that you're going to have, the more money you're going to be able to make later on down the road. The three parts to investing in yourself is to invest in your

Starting point is 00:14:16 skills. Find a way to spend at least $100 into yourself every single month. Into yourself, I mean into your own education. Number two, and I don't mean college by your education, sorry. If you're in college, I don't count that as your own education. I mean like education that's really going out there and figuring out if you need to get a mentor, if you need to go to seminars, you need to go to something around you that's going to cost around 100 bucks because that money will come back. I'm positive. I'm so positive and you could probably tell my voice. I am positive because I know for the past 11 years, I've been investing a ton of money into myself and it has come back tenfold every single time. So invest into your

Starting point is 00:14:54 skills is the first one. Second one is to invest in your future. I'm sorry. Second one is to invest to your health. Make sure that you start spending money on your actual health, caring about yourself into diet, into working out, into getting a trainer, into getting a dietician, whatever it is that you need to get a nutritionist, all of those things. And third thing is to invest into your future. If you don't know anything about stocks, if you don't know anything about investing, please figure out a way to learn. Whatever you have to do, go on Amazon and start looking at the best books that you can

Starting point is 00:15:22 find for investing. Because no matter what, you're part of the game. You're part of this structure of the stock market and all of this different ways you could put your money into something. You're part of it, whether you like it or not. So whether you want to play the game, you're in the game. But you can learn to play the game and get better at it and start making more money, make your money work for you. Or you can sit on the sidelines and keep losing money. I recommend that you try to figure out a way to make money. So with that being said, last thing I'll cover. If you want more information about the group coaching, just send me an email.

Starting point is 00:15:57 Rob at MWF Motivation. Ask about the group coaching. The first 30 people, the founding members, are going to get a 25% discount. So that's a pretty big deal. But I won't tell you any more about it. I have a special announcement coming out pretty soon this week. So you could send me an email, rob at mwfmotivation.com. And last but not least, I'll leave you the same way I leave you every single episode. Make it your mission today to make somebody else's day better. I appreciate you. And I hope you figure out some type of way to start investing into yourself and investing into your health and investing

Starting point is 00:16:28 into your future. And I hope that you have an amazing day. Well, that's it for today's podcast. If you want the show notes for this episode, they can be found at mwfmotivation.com. Also, if you liked this episode, please spread the love and share it with a friend because it's our mission to help as many people as we can. And to keep in touch, you can follow us on Instagram and Facebook. Both handles are at MWFmotivation with no spaces. Now you know what time it is. So go out and make your dreams a reality.

The Mindset Mentor - Ep 116 - Invest in Yourself (KNOWLEDGE IS POWER PT. 4)

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