Nov 28, 2023
Kim and Spencer discuss the importance of language and thought patterns in one's relationship with money. They quote Robert Kiyosaki's concept of replacing "I can't afford it" with "how can I afford it?" as a building block of prosperous thinking. They also touch on the erroneous focus of individuals on earnings instead of value provided and emphasize the significance of cash flow over net worth, particularly for business owners. The episode features in-depth conversations regarding linguistics and how the use of wrong terminologies can be misleading, especially in finance and life insurance. The hosts also propose an exercise of assessing one's language and forming a list of “prosperity words.”
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Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today!
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Links and Resources from this Episode
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Show Notes
- The influence of language on the way people approach money
- The importance of laying a solid foundation from a young age
- Distinguishing between people who talk about their earnings per hour, per month or yearly
- How mindsets can be adjusted to think in a prosperous way based on knowledge of the three earning brackets
- Influence of language on our perception of earnings
- The misinterpretation of earnings in the media and the significance of value provision and learning over earnings
- Role of language habits in shaping financial well-being
- The societal impacts of conversational themes, using life insurance as an example
- Correlation between a person's language and their financial well-being
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