031 - The mind for money (live session) - a podcast by Dalan Vanterpool

All the tips, tricks and fancy money management advice in the world won’t make a difference if you don’t master these things first.

• You need a deep rooted conviction, linked to a tangible outcome.
• • Internal outcome - What will this do for you personally?
  • External outcome - What will this do for the people or causes you care about?

• That’s not for me. I can’t do it. Money is bad. 
• Big man - Small man complex
• I’m entitled to a life of luxury.
• It’s too complicated.  I can’t afford to save.

• Take a holistic approach.  Let integrity and discipline be characteristics that flow through different parts of your life.
• Deferred gratification. Sacrifice now, enjoy later, celebrate small wins often.

• Entrepreneurs?  Your business is not your pocket book.  Keep things separate!
• Budget, track expenses, plan for large purchases, plan for large inflows (re-invest or save?)
• You can’t grow what you don’t track. Set specific targets.
• Consider how you will improve and market your services to reach the people who can pay you more money.