The Mindset Mentor - The BEST Investment You Can Make

Starting point is 00:00:00 Welcome to today's episode of the Mindset Mentor Podcast. I am your host, Rob Dallen. If you have not yet done so, hit that subscribe button so that you never miss another episode. Today, we're going to be talking about the best investment that you could make in the entire world. With everything that's going on with the stocks, with the economy, and all of that stuff that's going nuts, I'm going to tell you the best investment that you can make no matter what economy we have, no matter what's going on in the world. And that will literally give you the best ROI of anything that you could put your money into. And do you know what that is? It's investing into yourself. And I learned about this and I'm really passionate about investing into myself.

Starting point is 00:00:45 And I have been since I was 19 years old, because when I was 19 years old, I had, and this is literally, so, you know, 15 years ago now, uh, I had my first coach that approached me and I was 19 and I spent $500 a month to talk to this coach one time per week for 30 minutes. Now, I don't know about you when you were 19 years old, but $500 a month was like a ton. It was probably more money than I had in my bank account. I remember I put it on a credit card. It was definitely more money than I spent on rent. I spent $350 a month on rent. I spent $500 a month. And I remember, logically, it didn't seem to make sense in my head, which is what's crazy. Logically, it didn't make sense because I didn't have the money and I wasn't making a ton of money

Starting point is 00:01:29 at that point. But I had this feeling of like, yes, this is what I'm supposed to do. It was probably my first real time actually following my intuition. And I thought to myself, you know what? Okay. I don't have the money, but I feel like I'm going to get the money. I feel like having this coach is going to help me get more money. And it was one of my biggest, if not my biggest expense at the time. And for the past 14, 15 years, it has been one of my biggest expenses every single year when I do my taxes is the investment into myself. And once again, let me say it a different way. It's not an expense into myself. It is an investment into myself because it always pays off. And the way that I like to think of it as this is let's relate this

Starting point is 00:02:10 to the gym. If you go to the gym every single day for the next 14 years, you're going to be ripped. You're going to be shredded. You're going to be way bigger and carrying heavy weight will be easier for you than it is for other people who don't go to the gym every single day. It will almost be effortless to pick up some weight that other people can't even pick up or they struggle to pick up. So what over, over time, what would be a struggle for you becomes easy for you. And what would be a struggle for other people is easy for you. So just like picking up a certain amount of weight, if you've been doing it over and over and over again and lifting heavy for

Starting point is 00:02:48 14, 15 years, by the time 14, 15 years goes by, your muscles, your body is completely different. And so you can pick up weight and walk with it easily that other people struggle with. So what does this have to do with investing into yourself? Well, it's the same way. What normally drives other people nuts will become easy for you the more time and money and energy that you invest into yourself. And when I say investment into yourself, I'm not just talking about money. I'm talking about investing time. I'm talking about investing energy. And I'm also talking about investing the money into yourself. And I've used this example before in the past, but I didn't really realize how much personal growth had helped me and how much it had changed me until I was on a phone call. This was about four years ago.

Starting point is 00:03:30 Actually, it was almost exactly four years ago, four years ago this month that I was on a coaching call with one of my one-on-one clients at the time. And she asked me the question of, what do you do when you have a bad week? And I was like, this is a really interesting question. I never really thought of it. And I was like, I don't know the last time I have a bad week? And I was like, this is a really interesting question. I never really thought of it. And I was like, I don't, I don't know the last time I had a bad week. And I was like, I don't even know the last time I had a bad day. Like I have bad moments, but I usually try to get myself out of them as quick as possible. Now, this wasn't always the case for me, which is important to know. There are many times where something would set me off

Starting point is 00:04:01 and I'd be pissed off about it for weeks. But she asked me the question. I really started to think about it. And I was like, this is a really interesting question. And the reason why was because at the moment she had asked me that question, I had probably the craziest three weeks of my entire life. So my grandfather had passed away. And I was there. I was in the room when he passed away. and I was there, I was in the room when he passed away. And that had happened three weeks prior. And then after that, about a week after, I got a lawsuit in the mail for a patent infringement on a company that I owned at the time. And then 17 days after my grandfather passed away, my grandmother who was married to him passed away. And although it was a struggle, it was grieving time and all that stuff, I did work through it, but I feel like

Starting point is 00:04:45 I worked through it a lot quicker than if it had happened to me when I was younger, when I was earlier in my personal development. And that's a crazy 17, 18, 19 days to have both of your grandparents that were married for 71 years pass away and to have a lawsuit come into the mail and just be okay and just continue, keep going. And this isn't me bragging on myself. It was just an eye-opener for me of, oh my God, like there's really some crazy stuff that's happening in my life right now, but I'm just going on business as usual. It's the same thing of carrying the heavy weight and working on yourself and working on yourself and working on yourself and working on yourself and working on

Starting point is 00:05:22 yourself day after day after day after day after day, investing the time, the money, the energy into yourself over time, what normal people would struggle with, whether it's the weight or whether it's the mentality becomes easy for you. It becomes normal for you. It's like David Goggins says, David Goggins, who, you know, is considered the toughest man alive. He's done, you know, used to have the world record for, I think it was 4,030 pull-ups in 17 hours. He had the world record for the most miles ran in 48 hours. He ran 204.5 miles in 48 hours. And he says he hates running. He hates riding a bike. He hates doing all the stuff that he does. The only reason he does it is to callous his mind. And he says he wants to callous his mind so that no matter what

Starting point is 00:06:05 happens, it won't set him off. He'll be able to keep on going and to build that strong mentality. So if I get a call, he says, if he gets a call at three o'clock in the morning that his mom's died, that he doesn't freak out because he's been callousing his mind for years and years and years. And all of it for me started with $500 a month at 19 years old. Now, most people ask me like, well, Rob, how much do you spend on yourself now? And I'm going to tell you, I'm going to be very open and upfront in this episode and be candid with you as far as how much money I'm spending on myself. This is not me bragging in any sort of way. I don't want to seem like I'm bragging. I just want to show you the importance of what it is to me. So last year I spent over $150,000 just in my own growth.

Starting point is 00:06:47 So I spent $25,000 on one mastermind and I spent over $100,000 on just another mastermind. And then $20,000, $30,000, $40,000, $50,000, I don't know how much it was, random expenses, books and conferences and travel and all of this stuff that need to be done in order to get my personal growth. And some people would listen to that and they would say, well, I don't have $150,000 to spend. That's fine. You don't need to spend $150,000. You can start where you are, right? For me, it started 500 bucks a month. For you, it might start at 50 bucks, 100 bucks a month. Whatever it is, it's just about starting. And I'm going to talk about that in just a few minutes as well. But here's what's interesting about it because people are like, holy crap,

Starting point is 00:07:25 that's a lot of money to spend into yourself. And it's not. And the reason why is because it's an investment and investments always pay off. What's crazy about it is I can literally look back and I can say, okay, between the two masterminds where I spent $125,000 on myself, I literally can prove in my business over $800,000 in my business from that $125,000. People that I connected with, things that I've learned, people that I connected with that then taught me things that I implement into my business. So $150,000 basically over the course

Starting point is 00:07:58 of the year turned into over $800,000 in my business. Now, I don't know if you're good at math or if you're good at looking at the stock market or any of those returns, that's 500% return in one year, actually less than one year right now, because I haven't even been to any of those masterminds for over a year at this point. So if I told you that there was an investment out there that you could spend a hundred bucks into or a thousand or whatever it is for you, and you would get 500% return in the next year, would you go for it? And the answer for everybody is always yes, of course. Of course you would. Why would you not? There is no investment in the world right now that you

Starting point is 00:08:36 can get 500% return in less than a year, except investment in yourself. Now, so here's the thing. I understand everybody who's listening to this. You have different amounts of money coming into your bank account. But what I always say is this. What's really intriguing to me is that we create monthly budgets. Well, not everybody. Some people create monthly budgets, but you know how much you spend on things throughout the week or throughout the month. You know how much you spend on food. You know how much you spend on gas. You know how much you spend on your phone, on your car insurance, on your car, on your mortgage payment, on your rent, whatever it is that you have. You have those monthly amounts allocated, but how much do you have allocated to your own personal growth every

Starting point is 00:09:22 single month? You have a budget for your phone. You have a budget for your house. You have a budget for your car. You have a budget for food. You have a budget for all of those. But I'm going to assume that 99.9% of people listening right now don't have a budget for their own personal growth. So what is your personal growth budget? Think about that for a second. What can you afford? And you could go into, you could have a budget and you can have books that go into it. You could have conferences, you could have online courses, you could have masterminds, you could finally find a coach that you could work with. What is it that you need to invest into yourself? And what I want you to do is I want you to seriously think about this during this podcast episode, right after this podcast episode and say,

Starting point is 00:10:02 how much am I going to put into my own personal development every single month? How much am I going to set aside? I put this much into my car, this much into my phone, this much into my savings, this much into my insurance, this much into food, this much into gas, this much into school. How much are you actually putting aside for you to actually spend on your own personal growth. What can you afford for books, conferences, courses, masterminds, maybe a personal coach. And here's the thing. The one thing that drives me crazy is that I hear people say stuff like, Oh, but Rob, you don't understand though. Like I have so many expenses and it's selfish for me to invest in

Starting point is 00:10:40 myself. And I'm like, it's selfish for you not to invest in yourself. Do you want to know why? Because the better that you become, the better that everybody else becomes. You have to think about that. When you grow, everyone around you gets a piece of your growth. When you grow and you make more money, whether it's more happiness, more joy, whether it's more money, money is just easy to talk about because it's just a number and we can talk about that. When you make more money, you can help those around you. Can you not? Of course you can. But some people are still playing small being like, oh no, I don't need to make money. Oh yeah? Well, if you made more money, you could affect every single person's life that you come in contact with. So to not make more money

Starting point is 00:11:20 is actually selfish. That's what's crazy. To make more money will help you, but it'll also help all of those around you. It's not selfish. It affects every single person's life around you. So even if it's just, hey, 50 bucks a month, and I'm going to spend that much into books. I'm going to spend, buy $50 worth of books every single month. If you have a little bit more, maybe it's 100 bucks, maybe it's 200, maybe it's 500, maybe it's a thousand bucks a month. I don't know what it is. It's different for every single person. But what's important is to make that decision and go, okay, well, I told myself I was going to spend a hundred bucks a month into myself. So I haven't done it. It's the 28th today. That means I need to go figure out where I'm going to spend this a hundred

Starting point is 00:11:57 bucks. I'm going to go out there and I'm going to say, okay, I'm going to buy this course. I'm going to buy these books. I'm going to buy whatever it is that you want to buy. And you focus on putting that money into yourself because that is the most important investment that you will ever make. Your children will be better for it. Your family will be better for it. Your spouse will love you more for it. Your significant other will love you more for it. Whatever it is that you have out there, every single person, your family will appreciate it more. Think about that. Think about if you work so hard on yourself in the next five, 10 years, whatever it is, because once again, it takes time to grow. It takes time to grow a

Starting point is 00:12:30 business, to grow happiness, to grow joy. It takes time to get these things. But think about how if you were to be able to work on yourself and grow and grow your business, grow your bank account, about how that would change your children's life, about how that would change your wife's life, that would change your husband's life, that would change your husband's life, that would change your family's life if you made the money that you've always wanted to make. So you not working on yourself is actually more selfish than you working on yourself. Think about that. You need to come up with a monthly budget and stick to whatever monthly budget that is. And you have to focus on putting time, money, and energy into your own growth. However

Starting point is 00:13:06 much time, money, and energy that is for you, it's different for every single person. Figure out what it is. Stick to it because there is nothing in this world, I promise you this, that will give you a better investment than focusing on just investing into yourself. So that's what I got for you for today's episode. If you love this episode, please share it with someone that you know and love. Please go ahead and share it on your Instagram. Tag me inside of your Instagram stories, Rob Dial Jr. R-O-B-D-I-A-L. And if you want to join in on the motivational text messages that I send out throughout the week, send me a text message right now. It is only me that texts. There's not one person on my team that will text you. These are all coming from me. Text me right now, 512-580-9305. And with that, I'm going to leave you the same way I leave you

Starting point is 00:13:51 every single episode. Make it your mission to make somebody else's day better. I appreciate you, and I hope that you have an amazing day.

The Mindset Mentor - The BEST Investment You Can Make

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