There are tangible obstacles that stand in people’s way to becoming wealthy, but a lot of the problem has to do with the way people think about money and wealth generally. In today’s #Highlights episode, we feature our conversations again with entrepreneurs Caleb Guilliams, Russ Morgan, and Joey Mure. They talk about the importance of having a building wealth mindset to really achieve true wealth.
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Caleb talks about the ideas that he presents in his book, The AND Asset, and the misconceptions people have about growing their wealth. Meanwhile, Russ and Joey walk us through their four-step process to get people on the path to financial freedom and talk about where people often get stuck. Enjoy the show!
Key Points From This Episode:
- Caleb’s incredible background and his financial education journey.
- What Caleb’s parents did to instill his work ethic and focus in him.
- An overview of Caleb’s book, The AND Asset, and some of the concepts it explores.
- Mistakes Caleb sees people making with money: Giving up control and not valuing themselves.
- An example of how people do not value controlling their money.
- Get to know Russ and Joey and the mission behind their company, Wealth Without Wall Street.
- The importance of getting clear on what success looks like if money is not an obstacle.
- A goal without a ‘why’ is hard to continually pursue.
- Russ and Joey’s four-step plan: Clarity, gaining control, picking a course, and creating a life worth living.
- Why the hardest step for most people is gaining control.
“Really, there’s a value in controlling capital. And I realize that most people are going through their life freely giving up control of their money and hoping for something in return. And then I also realized that most people were not putting a value on the value creation that they could create through themselves.” – Caleb Guilliams
“We could create a system and a platform and a structure that you could put a dollar in a place that could not only work for you the rest of your life but could give you the ability to control capital to now, invest in what I call the asset base activity, invest in things that will give you the best results that you want.” – Caleb Guilliams
“Money is a tool. A lot of people have an unhealthy relationship with money but money is a tool and it will just amplify whether good habits or bad habits that you have.” – Caleb Guilliams
“One of our creeds is to live a stress-free way of life and I think stress-free doesn’t mean conflict free, right? I mean, there’s nothing worth chasing that doesn’t endure some level of obstacle or conflict. But at the end of the day, stress is a big malady as it relates to medical issues. And we think financial is a big stressor and what we’re trying to do is help people live freer from that.” – Joey Mure
“Having a goal and making that goal worthy of pursuing.” – Russ Morgan
Links Mentioned in Today’s Episode:
About Caleb Guilliams
Caleb Guilliams is the Founder and CEO of BetterWealth, a company committed to showing people how to have efficiency and control over their money today while maximizing their future wealth potential. At an early age, Caleb read every financial book he could get his hands on and was fascinated with the idea of ordinary people being able to achieve extraordinary wealth. While still in college, he was promoted to take over the entire investment division at a local community bank where he committed to finding a better way to wealth for his clients. He traveled across the country for over two years, learning from top financial experts. He eventually discovered proven strategies and principles that can empower anyone to create and protect real wealth. Caleb is one of the youngest leaders in the industry and is quickly becoming The New Face of Finance. Excited to share and impact as many lives as possible, Caleb authored The AND Asset, hosts the BetterWealth Podcast, and speaks worldwide. He has a passion for financial education and is on a mission to help people see and reach their highest potential.
About Russ Morgan and Joey Mure
Russ Morgan, aka The Idea Guy, started his career in the financial industry. With four years of planning under his belt, Russ was stunned in September of 2008 to see the DOW Jones plummet 800 points. He had no idea that the market could react in such a volatile manner and knew this was something he could never have control over. Russ began a journey that day to passionately understand more about how to take back and gain control over his money, as well as his clients. Russ believes that it’s time you stop following conventional planning methods and start thinking for yourself. He enlightens business owners and investors with the knowledge they need to make sound financial decisions. The best path to financial freedom is one that frees you to make decisions that allow your money to grow, allow you to have access to this money, and protect this money from market swings and tax regulations. Yes, all of this is possible, and Russ thrives on helping people in their journey to reach this financial freedom.
Joey Mure aka, The Stallion started his career in the mortgage business in 2003. He grew to become a branch manager with one of the Nation’s top mortgage lenders leading 25 loan officers. By 2010 he had achieved national recognition. Despite earning an impressive income he still had significant questions about how to save for the future without having to borrow from banks. How does anyone save aggressively for retirement AND simultaneously pay for automobiles, save for college, weddings, and vacations? In 2010 Joey met Russ, who shared the Infinite Banking Concept and everything changed. IBC allowed Joey to get completely out of debt besides paying off his mortgage, he started saving four times the amount he had previously been saving, and now had a clear plan of how to save for all our life’s expenses without giving up retirement savings. Joey decided to join Russ and co-founded a company called Wealth Without Wall Street. They teach people to stop trading time for money to achieve financial freedom by following the 5 Pillars of Wealth Without Wall Street.
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