Lisa Williams: How to manage your finances better.
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Steve Werner: Welcome back to grow your impact income and influence the number one show sharing entrepreneurs stories with you, helping you reach millions, whether you are trying to reach millions of people or millions of dollars in the bank today.
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Steve Werner: i’ve got Lisa Williams with us and Lisa is a great friend of mine, she is a.
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Steve Werner: Financial Service manager I don’t know exactly what to call her a wealth warrior somebody who helps people manage their money better.
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Steve Werner: get in touch with their finances, because at the end of the day, if you make a whole bunch of money and you don’t have any left that’s not any good.
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Steve Werner: Or if you’re struggling to make money that’s not good either Lisa started her journey as a financial planner in the financial services industry she’s going to correct me because I probably said that wrong.
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Steve Werner: But she left because she wasn’t finding fulfillment she wasn’t able to help people actually do better with their money so Lisa take us back to where all of this started.
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Lisa Williams: I love you see you so much you’re so awesome, thank you for having me so it started let’s actually i’ll take you to this little little room picture yourself in a.
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Lisa Williams: conference room, with no windows it’s kind of stuffy and at this point i’ve been in my corporate executive role for about 23 years.
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Lisa Williams: And I had 19 bosses and that time I accidentally landed in that career, I think, like most people do kind of accidentally land.
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Lisa Williams: I happen to love it for many, many years I was in financial services, I will correct you and i’ve recruited in that industry, for decades, so I was blessed to find people jobs in that industry um and I was called into this meeting, to have a.
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Lisa Williams: for lack of a better word of our performance review Okay, with my 19th boss, and he proceeded to tell me that the client that I had been working with for 22 years.
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Lisa Williams: And they were going to give that account to someone else, so it was one of those pivotal moments in my life, where.
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Lisa Williams: God had been God had been closing some doors very firmly but he was also opening many other doors and I kind of just saw this door, just like slash but I was put on a plan.
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Lisa Williams: And I was told to I needed to start coming to the office which I had been working remotely for like 20 years of this time.
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Lisa Williams: And it was just so clear to me that that it was time for my next chapter, so I actually was leaving for Alaska the next day to visit my parents my mom had been suffering with cancer at this point for about three months.
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Lisa Williams: And I remember, I was in the airport in Seattle and I called my hubby and I said babe i’m i’m not going to go back and at that point, I decided to go on a leave of absence.
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Lisa Williams: And, and I ended up never going back, and I think it’s interesting because really when I look back now, this was two years ago now, I was 49 at the time.
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Lisa Williams: i’ve been very blessed abundantly financially, I actually could financially retire if I wanted to, but I know we have a lot more living to do.
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Lisa Williams: And I remember thinking I don’t know what you have planned Lord but i’m super excited to find out and i’m very, very scared as well, I realized that a lot of the people that.
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Lisa Williams: I had been counseling they would come to me looking for a job, and it was they were saying they they wanted to look for a new opportunity, but I really felt like they were telling me they wanted to be something new.
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Lisa Williams: And that that was what it was for me as well, I realized that I couldn’t remember the last time I learned something new.
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Lisa Williams: And it was it was time to go step through this new door I stepped into the world of entrepreneurship never dreaming I would ever own my own business.
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Lisa Williams: And I just immerse myself, I became a learner and a student Steve you’re a great example of that you’re you’re one of my mentors i’ve learned so much from you and.
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Lisa Williams: I now help others my role is a wealth builder there are so many ways to produce income and I found that a lot of solo printers and.
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Lisa Williams: And, quite frankly, you know anyone that’s interested in in eternal wealth building and legacy building the traditional ways of investing really don’t serve us anymore, so I get to teach people about about other ways to invest and build wealth so that’s that’s just kind of a nutshell.
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Steve Werner: Well, I mean that I was gonna say that is a wide over overarching bubble, but we’re gonna dive into some pieces of that so first off.
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Steve Werner: When you went into this meeting.
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Steve Werner: i’ve never seen you ever seem bothered by somebody telling you something so What was your response when they said, you have this client that you’ve had for 20 or 25 years and we’re taking we’re gonna we’re going to move them over here.
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Steve Werner: What was your response to that, like internally, because I think a lot of people would have been angry or frustrated and I think you from our conversation have a different take on it.
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Lisa Williams: Well yeah I mean I realized that first of all, they were not making choices that necessarily they were in charge of so I I was in some ways don’t kill the messenger right.
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Lisa Williams: um because one of the people I actually really respect a lot, the other one, not so much you know there were two people in the room, and I realized, though.
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Lisa Williams: This was just this is what had to happen in order for me to step into the next chapter of my life because I would have.
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Lisa Williams: I you know I this was my baby I I worked with that account for it’s, by the way, it’s one of the largest mutual fund companies in the world they’ve been my client for decades right.
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Lisa Williams: And ironically what’s kind of funny about it is when I when I left my my corporate career.
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Lisa Williams: I my husband and I started our own recruiting firm it’s one of the businesses that we run because we’ve both been in recruiting for decades and they’re my client again.
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Lisa Williams: it’s like it’s you know it’s interesting sometimes i’m when you’re in industry for so long, you forget that you actually have a PhD in what you do we’ve talked about this before.
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Lisa Williams: Right why why focus on the things that you’re not good at, and instead of really sharing with others what you are good at.
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Lisa Williams: But just doing it for yourself, instead of instead of someone else right so um I was, I will total transparency, I was devastated I I actually remember hardly being able to not cry.
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Lisa Williams: um, but it really quickly shifted to okay God, you know, like you really are done with me doing this.
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Steve Werner: that’s.
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Steve Werner: I mean, I think that’s kind of the takeaway like we have we all have those pivotal moments where.
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Steve Werner: It would have been easier to be angry and upset and throw a pity party or retire or take you know, a long leave of absence.
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Steve Werner: No job I mean you said you were you were in a financial position that you could do that.
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Steve Werner: But instead you chose to look at it i’m sure you were sad i’m sure in the moment like we’re reactionary right, but you chose to respond any way of okay there’s something new and better for me out there and i’m going to go find out what that is and that’s.
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Steve Werner: I think.
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Steve Werner: Like that mindset separates people who are not so successful from ones who are more successful right because we can’t always control what happens to us.
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Steve Werner: And there are plenty of people who are happy in a job, like I don’t think everybody is meant to be an entrepreneur, but I do think.
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Steve Werner: Sometimes people get pushed around in a job which leads to them being unhappy right, I saw that quite a bit in corporate.
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Steve Werner: Where, but you can choose how you react to it and entrepreneurs as well i’ve seen people entrepreneurs with super short tempers fly off the handle yell and scream at people it’s like if you just would have chosen.
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Steve Werner: To respond instead of react, it would have been so much better for you, so you chose to respond by going out.
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Steve Werner: And starting a business you started a recruiting business with your husband you started the wealth building business on your own so talk to us a little bit about that.
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Steve Werner: Because I think that is a super interesting kind of niche because you’re not a financial planner somebody’s not coming to you looking to invest in a 401k or do a rollover maybe they are but.
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Steve Werner: they’re doing something different go ahead.
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Lisa Williams: yeah, so I am and probably the easiest way to explain it was i’m taking you back a little.
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Lisa Williams: To when I was a single mom so 18 years ago I was unexpectedly a single mom I had a three month old and a three year old.
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Lisa Williams: And I was really I was always good at making money but I had left the management of that up to my husband, so I was now in a position where I needed to.
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Lisa Williams: You know, put my learning hat on so I took a class for you Dave ramsey fans out there, it was a precursor to his financial peace university oh i’m sorry they’re literally like.
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Lisa Williams: grass blower just started in my backyard that’s the beauty of getting to work from wherever you want to work from.
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Lisa Williams: And so, anyway, I got really clear on what my money was doing and I got I started learning and I i’m fascinated with investing in general.
00:10:01.950 –> 00:10:14.580
Lisa Williams: um and I also lost 300 grand just like that in 2008 when the crash happened right and I was pissed I was so mad I had to financial advisors, by the way.
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Lisa Williams: That were I was working with at that time I had over a million in my retirement accounts, but that didn’t matter, because the crash often anyone lost right.
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Lisa Williams: And so I read this book in 2008 that Tony robbins wrote it’s called money master the game, and he started talking about this concept of being your own bank.
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Lisa Williams: infinite banking and I got really intrigued by that my corporate job had never told me anything about this, not their fault it’s just not offered right.
00:10:48.690 –> 00:11:05.610
Lisa Williams: And, and so I became a student of that, but you know what I want to tell you something don’t do what I did because I read this book, I remember reading this book and like highlighting everything and saying I need to find somebody that can help me do that, and then I didn’t do it.
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Lisa Williams: And then, and then fast forward to 2018 I attended a wealth building class and I was looking to open a franchise in something I was looking in at.
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Lisa Williams: amazing lash studios I looked at subway I looked at several I mean all over the shop, I just wanted something that I could own that was passive right a business.
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Lisa Williams: And I attended this wealth building class and it’s a franchise and wealth building and that’s where I started so that’s really where the journey began and um and then it’s just kind of built from there.
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Steve Werner: Okay, so I have a question why do you think so many people here what they should do because money the master game master the game first off great book.
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Steve Werner: I would suggest listening to the audio it’s not super dense it’s not unreadable but the audio was was good.
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Steve Werner: So many people have read that book, but yet so few people do anything that is mentioned, there or really even anything sometimes our financial planners tell them things right, and they don’t do it, so why do you think that is what do you think stops people.
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Lisa Williams: I think its approval addiction I i’m a I became a certified approval addiction coach last year, and so just just picture this you learn something new.
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Lisa Williams: When it comes to money which by the way, remember, most people like talking about money as taboo and yet it’s the number one cause of divorce in our country How crazy is that.
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Lisa Williams: um but think about it, you learn something new, when it comes to wealth building.
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Lisa Williams: You um you think that sounds interesting I need to learn more and then you talk to your your friend in the cubicle next to you or your neighbor who knows nothing about wealth building and you and they say that sounds too good to be true.
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Lisa Williams: And then you, you get you feel rejected so you’re like yeah that’s probably too good to be true any any stop.
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Lisa Williams: I mean that’s my opinion I think that’s why 90% of the people in our world are living paycheck to paycheck.
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Steve Werner: that’s I mean, I think that is a pretty good.
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Steve Werner: explanation I mean how many people.
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Steve Werner: it’s funny to me watching the crypto space, whether you’re in crypto or not in crypto so many people.
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Steve Werner: Over the last year were like Oh, my goodness, you got to put money in you got to put money in you got to put money in well, of course, it’s a hot market right but.
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Steve Werner: So you listen to them, because you have the dream of like oh i’m going to make a gazillion dollars, but then the minute somebody says oh that’s a bad idea.
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Steve Werner: We immediately take it at face value as well, well, they said it wasn’t a good idea, neither people really know what they’re talking about they’ve heard something from somebody I think the the phrase that comes to mind, for me, is.
00:13:58.710 –> 00:14:00.960
Steve Werner: Nothing is more expensive than free advice.
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Steve Werner: I don’t know if you’ve ever heard that one Lisa.
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Lisa Williams: sigh i’m moving because there’s.
00:14:08.310 –> 00:14:10.110
Lisa Williams: A grasp lawyers my backyard.
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Steve Werner: Here okay oh my gosh I so agree with you.
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Lisa Williams: So let’s let’s think about the concept of crypto okay So what do, what do most people do they they just say here’s something and they think oh I gotta do that.
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Lisa Williams: What do they not do they don’t educate themselves first right, so what when you don’t educate yourself about what you’re doing you’re going to get in the same trap that everybody gets into right just.
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Lisa Williams: I that’s why i’m a love educator you know I I teach what I what I what i’m doing, because if you don’t if you don’t understand it, I mean imagine if.
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Lisa Williams: Every family really understood how money works, you know they they actually arm their children with this knowledge around how money works.
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Lisa Williams: We could we could create change in the matter of a generation, and you know it’s funny, by the way.
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Lisa Williams: The concept of be your own banker or infinite banking, for example, it’s been around for like since the 40s and if you um, this is what resonates with me when I first started learning about it so.
00:15:25.800 –> 00:15:43.620
Lisa Williams: public companies their assets are public knowledge, you can you can request from GE you know GE when it was around you know what i’m saying you can look at okay this public company, this is where their assets lie right, and if you look at their asset allocation.
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Lisa Williams: The majority like we’re talking let’s say let’s let’s compare real estate to insurance.
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Lisa Williams: Real their insurance holdings are 20 times real estate and yet Everybody talks about a real estate that’s the way to wealth build you know.
00:16:01.650 –> 00:16:18.480
Lisa Williams: And so I mean all I do really is I have learned to build my wealth, where the banks build their wealth, where all the fortune 500 companies build their wealth and guess what this is the thing Steve anyone can do it, I just helped a single mom.
00:16:19.590 –> 00:16:30.330
Lisa Williams: You know, last week, who could save 50 bucks a month do it the same way that the business owner who cashed out of his his business as high as 4 million to invest, you know what I mean.
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Lisa Williams: So it’s just a matter of learning a new skill it’s learning a new muscle.
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Steve Werner: So talk to us a little bit about what that looks like like I want to like infinite investing that is a.
00:16:43.350 –> 00:16:53.340
Steve Werner: Interesting term talk to us a little bit, because I think two things are at play here, the first one is money is like it’s the word that causes the most stress for people.
00:16:54.000 –> 00:17:00.120
Steve Werner: Right, whether you have a lot of money, or you have a little bit of money when people say how much money do you make or how much money do you have.
00:17:00.420 –> 00:17:04.200
Steve Werner: Everybody immediately gets tense right there’s a lot of tension.
00:17:04.560 –> 00:17:12.420
Steve Werner: Around that word which I think needs to go away, I think people need to be much more open about money, if you have a better relationship with money you’ll have a lot easier time with it.
00:17:13.050 –> 00:17:18.600
Steve Werner: So I think the first thing that comes into play is like people are stressed about it, and that includes learning about it.
00:17:19.200 –> 00:17:25.500
Steve Werner: They don’t want to learn about anything because we’re that stressful oh I don’t know I I was talking to somebody here.
00:17:26.070 –> 00:17:34.290
Steve Werner: That said, that they they would rather work because I said, well, you could just invest some money you could just save some money like there are things that you could do.
00:17:35.010 –> 00:17:47.880
Steve Werner: No, no, I would rather work an extra 20 hours a week, so that I don’t have to worry about it i’ll pay late fees i’ll deal with all of that stuff because I would rather do that then have an account like have a bank account.
00:17:49.020 –> 00:17:59.010
Steve Werner: Like unbelievable the but people look at that because it’s easier to do what they know then to learn about what they don’t know so to go ahead, educate us just a little bit.
00:17:59.010 –> 00:17:59.940
Steve Werner: let’s talk about to do.
00:18:00.330 –> 00:18:08.010
Lisa Williams: I would say, first of all, think about anytime you’ve learned something new, what what profession you’re in today.
00:18:09.660 –> 00:18:29.070
Lisa Williams: At one point, you started and you didn’t know much right Do you remember i’m 51 so you may you’re younger than me Steve but for those of you that remember when we actually used to walk into a bank and and take maybe you had your kid with you, and they would always give my son a sucker.
00:18:30.150 –> 00:18:33.570
Lisa Williams: And the sucker was called the gundam.
00:18:35.550 –> 00:18:40.800
Lisa Williams: Banks are literally telling you exactly he’s holding one this.
00:18:41.190 –> 00:18:47.670
Lisa Williams: Sorry, there is a great book that I, I want you to write down it’s called how money works don’t be a sucker.
00:18:48.450 –> 00:18:53.430
Lisa Williams: One of my business partners and i’m blessed to work with Steve Steve Steve Steve bould is his name.
00:18:54.090 –> 00:19:03.420
Lisa Williams: He wrote this book and he gives this he tells this story, because the reality is my friends by by continuing to remain ignorant and put your head in the sand.
00:19:03.870 –> 00:19:10.650
Lisa Williams: By the way, more families put more time into planning their vacation than they do their financial future.
00:19:11.580 –> 00:19:19.440
Lisa Williams: But imagine if you just allocated I have something that I do with my tribe, where we have a money ritual, we have a monthly money ritual.
00:19:19.860 –> 00:19:28.860
Lisa Williams: And we just carve out some time we make it pleasurable and you know, maybe grab a latte or you know, a glass of wine if it’s the end of the day and.
00:19:29.220 –> 00:19:39.810
Lisa Williams: You know, actually have a meeting with yourself about money, what was coming in that month what went out is you know, is there more month at the end of my money right.
00:19:40.290 –> 00:19:53.160
Lisa Williams: And, and what did I learn about money and my relationship with money, this seat this month, because the reality is the banks and the financial institutions, it serves them to keep us.
00:19:54.090 –> 00:20:08.100
Lisa Williams: You know, it serves them for us to get point 01 percent rate of return, you know, whereas they’re they’re getting you know 18 25% right, so I guess the question is really.
00:20:08.610 –> 00:20:20.580
Lisa Williams: Does it make sense to own your power with money, instead of give give that control to someone else right does it make sense to, for example, just to give you an idea.
00:20:21.090 –> 00:20:28.740
Lisa Williams: If you decide to embrace the idea of learning a new skill and consider the concept of infinite bakey.
00:20:29.610 –> 00:20:40.830
Lisa Williams: You will not have to worry about what taxes are doing in the future because you’re going to retire tax free that’s just an example of infinite pinky because that asset is building tax free.
00:20:42.360 –> 00:20:45.480
Lisa Williams: That gets that’s pretty sexy to me I don’t like paying taxes.
00:20:47.700 –> 00:21:00.660
Steve Werner: Well Okay, so I can hear like some people’s voices out there, the first thing that I hear is if it was if that was real everybody would be doing it, so why have more people not heard about it.
00:21:02.580 –> 00:21:12.810
Lisa Williams: Because they We certainly don’t teach it in our schools, although we’re trying to get it get imagine if I want to give you a dream, this is one of my dreams um.
00:21:13.980 –> 00:21:20.730
Lisa Williams: I want to I picture, a world where every family understands what it takes to retire comfortably instead of.
00:21:22.050 –> 00:21:29.940
Lisa Williams: working at mcdonald’s when they’re retired nothing wrong with that, but you know I don’t think they’re doing it because they want to it’s because they have to write.
00:21:30.420 –> 00:21:50.670
Lisa Williams: Imagine a world where every high school graduate actually knew how money works and i’m the reason that people don’t do it, first of all we’re not taught and we’re broken as a society when it comes to debt they’ve printed 30% of the money in circulation in the last two years.
00:21:51.780 –> 00:22:02.640
Lisa Williams: Our debt crisis is an all time high student loan debt just for an example 1.7 trillion but apartment events basically become the largest lender and how many people do you know Steve that.
00:22:03.780 –> 00:22:13.860
Lisa Williams: Have 100 grand and student loan debt, and yet they are doing nothing in the the degree that they got they’re not even probably earning 50 K.
00:22:14.400 –> 00:22:25.200
Lisa Williams: You know there’s no chance they’re ever going to pay it back, but you know, this is, this is actually a great example of one of the things that I do so, sometimes, because we are cut country is a debt.
00:22:25.620 –> 00:22:35.190
Lisa Williams: Before you can help someone build wealth, you have to help them with their debt crisis right, so one of the companies, I work with is a student loan forgiveness program and.
00:22:36.000 –> 00:22:45.900
Lisa Williams: So many people again don’t understand, after the financial services crash, there were better better things that were developed, because the consumer we’re screwed.
00:22:46.410 –> 00:22:55.080
Lisa Williams: You know your Member you hear on the news like all these big companies getting bailed out, you know it’s happening again with coven right.
00:22:55.560 –> 00:23:08.130
Lisa Williams: And yet families were losing their jobs they were losing their homes and yet program started, then the pay as you earn program with the forgiveness program started or after that time as well.
00:23:08.580 –> 00:23:20.940
Lisa Williams: So many people don’t take advantage of it and the people that I work with end up paying back, maybe 20 to 30% of what they owe the rest is completely forgiven it doesn’t harm their credit.
00:23:21.570 –> 00:23:31.740
Lisa Williams: And you know and imagine the the the relief that those families have when that burden is lifted and how much they can focus now on their wealth building.
00:23:32.340 –> 00:23:44.700
Lisa Williams: Because they’re no longer you know required to pay this debt right so that’s an example, I mean I think people like think about it, corporate America all they offer you as a 401k it should be called a tool okay.
00:23:45.180 –> 00:23:51.450
Lisa Williams: You know I mean, do you think there’s something coming in the market we’ve been going up like this for 14 years.
00:23:51.960 –> 00:23:52.290
Steve Werner: that’s.
00:23:52.650 –> 00:24:02.550
Lisa Williams: How many and guess what another really fabulous with thing about infinite making is you are guaranteed never ever ever ever to lose.
00:24:04.050 –> 00:24:09.000
Lisa Williams: Imagine how much more wealth, there would be in the world if 2008 has happened.
00:24:10.560 –> 00:24:24.000
Steve Werner: So what so I want you to explain that, because I think a lot of people if it’s too good to be true that it’s it’s not true right so explain how you could never lose how did, how would that.
00:24:24.030 –> 00:24:30.600
Lisa Williams: yeah because they use something called an indexing strategy I teach the principles that Warren Buffett teaches.
00:24:31.050 –> 00:24:45.540
Lisa Williams: And by the way, if you can Google Google this i’m Warren buffett’s bet with hedge fund managers, this was a bad that he placed with some of the largest hedge fund managers in 2007.
00:24:46.500 –> 00:24:52.590
Lisa Williams: He bet that his indexing strategy would be their hedge fund rate of return over a 10 year period.
00:24:53.130 –> 00:25:01.020
Lisa Williams: If he wasn’t they had to pay his charity and million dollars if if they won vice versa right well in 2017 he won.
00:25:01.890 –> 00:25:08.970
Lisa Williams: And he’s one ever sense, so what indexing does it’s very simple there’s really only three three ways to invest there’s fixed.
00:25:09.330 –> 00:25:20.340
Lisa Williams: This is like CDs bonds, you know you’re going to get steady return not going to make a lot right most people the way they invest is variable it’s in the market it’s a roller coaster right, you know.
00:25:21.390 –> 00:25:32.640
Lisa Williams: But indexing is the third way, and instead of you know, instead of the roller coaster of the market, all indexing does is it mirrors the market but it’s not in the market, so when the market goes up.
00:25:33.030 –> 00:25:40.320
Lisa Williams: The consumer wins when the market goes down they go sideways so it’s a staircase investment approach.
00:25:40.770 –> 00:25:46.710
Lisa Williams: and imagine the power of never losing now people ask How is that possible why.
00:25:47.040 –> 00:25:56.760
Lisa Williams: How can you possibly say that that there’s guaranteed no loss, because the strategy that insurance companies do now, this is by the way, if if you didn’t catch it, this is.
00:25:57.060 –> 00:26:06.570
Lisa Williams: called private placement life insurance that’s the concept and it’s been around for you know decades right and but the concept is that.
00:26:07.110 –> 00:26:17.220
Lisa Williams: picture yourself you’re going to save $100 a month for the rest of your life for for the rest of your you know retirement savings okay.
00:26:18.030 –> 00:26:26.880
Lisa Williams: And you know the insurance company basically they have they know now and i’m going to get 100 bucks a month for the next 20 or 30 years from Steve.
00:26:27.660 –> 00:26:34.350
Lisa Williams: So what they do is they take a portion of that hundred dollars and they put it somewhere very, very safe.
00:26:35.310 –> 00:26:45.060
Lisa Williams: And there is guaranteed, no loss, but then the rest of it, they take and they invest in everywhere, you know these insurance companies, they are, they are.
00:26:45.630 –> 00:26:54.720
Lisa Williams: highly speculative they’re making probably 25 30% return, they can they can afford to guarantee is no loss does that make sense.
00:26:55.380 –> 00:27:11.820
Lisa Williams: And, and you know another thing I love about about numbers and wealth building is there’s a lot of data that backs these things up like numbers don’t lie and history repeats itself and so there’s a lot of data, and when you compare.
00:27:12.900 –> 00:27:20.880
Lisa Williams: This is getting a little technical but I get excited you can tell when you compare the market s&p 500 and indexing.
00:27:22.200 –> 00:27:30.480
Lisa Williams: The market over the last 20 years has done 5.52% overall indexing strategy has done 8.2.
00:27:32.010 –> 00:27:33.750
Lisa Williams: I mean, how much more wealth, would you have.
00:27:36.840 –> 00:27:40.920
Steve Werner: So I have a few questions and I want to stay I don’t want to go to.
00:27:40.980 –> 00:27:43.140
Lisa Williams: too deep and we’re getting kind of technical.
00:27:43.200 –> 00:27:44.280
Steve Werner: People indexing.
00:27:44.310 –> 00:27:45.480
Lisa Williams: Time with me friends.
00:27:46.950 –> 00:27:48.900
Lisa Williams: Come to one of my classes they’re free.
00:27:49.650 –> 00:27:53.010
Steve Werner: So indexing is not the same as index funds.
00:27:54.660 –> 00:27:54.990
Lisa Williams: know.
00:27:55.020 –> 00:27:57.270
Lisa Williams: Your time well, I mean, in a sense.
00:27:57.360 –> 00:28:10.380
Lisa Williams: index funds really the only difference there is it’s a it’s a accumulation of big group of funds, you know and, but in some ways kind of similar you know parallels there’s there’s similarities to it.
00:28:10.590 –> 00:28:10.860
Steve Werner: yeah.
00:28:10.920 –> 00:28:12.390
Lisa Williams: we’re getting a little technical, though.
00:28:12.960 –> 00:28:17.670
Steve Werner: Well, I think a lot of people have just been told, go to vanguard get an index fund put.
00:28:17.940 –> 00:28:20.520
Steve Werner: You know $200 a month in don’t try to time it just.
00:28:20.520 –> 00:28:28.050
Steve Werner: Put whatever you can in every month, I want to, we will stay out of this if you guys find this interesting and you’re like please just help me.
00:28:29.160 –> 00:28:37.830
Steve Werner: Lisa scheduling link is in the show notes click on it, you will get a free call with her, she also does free classes, all the time, I want to go back to kind of the mindset thing.
00:28:38.580 –> 00:28:39.720
Steve Werner: What do you think.
00:28:39.930 –> 00:28:54.630
Steve Werner: Because this is, I was one of the few people, I know that in college, I put back money into at the time I bought some CDs, I had real estate towards the end of college I bought some investment property, but I actually saved money.
00:28:55.290 –> 00:29:10.080
Steve Werner: And a lot of my friends were like how in the like what are you talking about saving money like we barely have money for beer or like we barely have money to go out and like I didn’t have until I started my business I didn’t have money either like I worked waiting tables and bartending.
00:29:11.460 –> 00:29:20.580
Steve Werner: I didn’t have like crazy amounts of money, but I was raised my parents always raised me we went to the bank on Friday, and I put 10% in long term savings 10% went to the Church.
00:29:21.360 –> 00:29:28.560
Steve Werner: And, like the rest was mine and I just stuck to that I stuck to that in high school and I had a job, but the this isn’t about me.
00:29:29.400 –> 00:29:44.790
Steve Werner: There were, I guess, there were probably some times that I missed, I know there were times I didn’t have a ton of money, but my question is, what is the, what do you think the mindset pieces that stops people from saving or investing, what do you think these besides just not knowing.
00:29:45.630 –> 00:29:46.470
Steve Werner: What have you seen.
00:29:46.530 –> 00:29:54.090
Lisa Williams: Well, I mean think about it, when you when bottom line, you can either make more or spend less.
00:29:55.440 –> 00:30:07.650
Lisa Williams: So some people simply need to make more and if if you’re that person out there let’s make sure we connect because i’m looking for franchise owners to join join us in this mission right.
00:30:08.220 –> 00:30:16.590
Lisa Williams: um However, the biggest thing I see is that people don’t manage what their their money they’re not giving their money, a job.
00:30:17.070 –> 00:30:28.260
Lisa Williams: I give the example of my teenager if I don’t give Connor purpose, he gets in troubles and any parent can resonate with that right so think about.
00:30:29.070 –> 00:30:38.490
Lisa Williams: Think about the typical person and date I call I call it day to day mindset versus wealth builder mindset so day to day mindset.
00:30:39.300 –> 00:30:50.310
Lisa Williams: there’s a long line of people at your front door and the first person that’s out the door is your rent or your mortgage then it’s your car payment then it’s your phone bill.
00:30:50.790 –> 00:31:01.770
Lisa Williams: there’s this long line of people you pay first what the wealthy do that the last person in the day to day mindset is your your savings.
00:31:02.430 –> 00:31:13.830
Lisa Williams: But what the wealthy do is they pay that person, first by saving it’s as simple as that and it’s no different than you know, imagine Steve if you.
00:31:14.340 –> 00:31:23.190
Lisa Williams: You have a walk that you do every single morning I know this and you have a routine imagine if you just walked outside.
00:31:23.790 –> 00:31:34.860
Lisa Williams: But then you walked right back inside you like started your walk but then you didn’t actually do it, you know, imagine someone going to the gym and just kind of walking around but not working out, you know.
00:31:35.220 –> 00:31:43.110
Lisa Williams: I mean people again it goes to a matter of habit if you’re not in the habit of saving and you never start that habit.
00:31:44.040 –> 00:31:57.510
Lisa Williams: And you don’t follow through with that habit you’re gonna you’re going to be in the same position that so many families are which is there is not enough there’s not enough money you know, to live comfortably.
00:31:58.500 –> 00:32:22.500
Lisa Williams: And it’s a choice that they’re making right do I go out and and you know we live in a society of just in time self soothing right it’s not it’s it’s just it’s not serving us as a society, it really is making us i’m really just impoverished in so many more ways than just money.
00:32:23.640 –> 00:32:29.550
Steve Werner: Well, I want to, I want to keep like hammering this point home because i’ve heard so many people say I just don’t have.
00:32:30.060 –> 00:32:44.010
Steve Werner: I don’t have an extra hundred dollars a month or I don’t have an extra $200 a month to invest and they don’t I think the real thing that they don’t see I would love your thoughts on this is they don’t see the return on it.
00:32:45.630 –> 00:32:50.370
Steve Werner: Within the next six months, or even a year right they see it as.
00:32:52.020 –> 00:33:03.960
Steve Werner: They see it as i’m putting $200 a month away and, like, I never am going to see that money, so why would I do that, like I don’t really have the money so many people say I don’t have the money you just don’t have Jesus.
00:33:04.170 –> 00:33:05.220
Steve Werner: is going nuts.
00:33:05.400 –> 00:33:09.210
Lisa Williams: And I I hear that all the time and I I say.
00:33:09.570 –> 00:33:12.570
Lisa Williams: My question to you is is, are you okay with that.
00:33:14.100 –> 00:33:21.900
Lisa Williams: And if if you look ahead 12 months from now, and you haven’t done anything to change that are you going to find happiness in your life.
00:33:22.440 –> 00:33:36.900
Lisa Williams: And, most people they don’t have a plan, but guess what the reality is there’s so much out there, that you can absorb to make your life different that’s free it doesn’t cost anything and it’s called knowledge and learning from others.
00:33:36.960 –> 00:33:47.820
Lisa Williams: and building a mindset of abundance versus lack one of my mentors is Sharon lecter she’s considered you know, one of the most you know.
00:33:48.210 –> 00:33:55.590
Lisa Williams: experienced and successful women when it comes to the cashflow quadrant she wrote rich dad poor dad with Robert kiyosaki.
00:33:56.190 –> 00:34:14.760
Lisa Williams: And she talks about you know art, do you have income producing assets, or are you just continuing to trade your time for money, and if you are there’s nothing wrong with that, but make sure that wouldn’t it make sense to have a backup income or a side gig you know.
00:34:15.120 –> 00:34:17.220
Lisa Williams: We all have a spare tire right.
00:34:17.670 –> 00:34:29.190
Lisa Williams: shouldn’t we all imagine like what it would have been like Steve if the when the code crisis hit, we were weird world country of entrepreneurs, and we all have.
00:34:29.700 –> 00:34:38.430
Lisa Williams: Our own economy, our own business that we have another income that we’re really we’re not relying on just one right imagine what that would have been like.
00:34:39.000 –> 00:34:53.520
Lisa Williams: So I just I love the idea that’s a big part of wealth, building is look at my assets if i’m not here working in my producing income and if that’s not the case, then start exploring ways to do that.
00:34:54.750 –> 00:34:57.150
Steve Werner: awesome I think that’s I think that is.
00:34:58.350 –> 00:35:06.120
Steve Werner: You should be exploring ways take some time shut off the TV learn how you can either make some extra income or invest some of the money that you do have.
00:35:06.810 –> 00:35:16.860
Steve Werner: Lisa talk to us a little bit about where people like if they go to book a call with you, what are they going to get talk to us a little bit about your mastermind and then you also have a book coming out.
00:35:17.490 –> 00:35:18.120
00:35:19.170 –> 00:35:19.950
Steve Werner: A little bit about that.
00:35:20.490 –> 00:35:31.200
Lisa Williams: So we have one wonderful community, you can you can come and be part of we have well our wealth minded mastermind steve’s been a guest on we meet.
00:35:31.800 –> 00:35:39.300
Lisa Williams: The first and third Friday of the month, that is for people looking to build their wealth builder mindset and learn about ways to invest.
00:35:39.720 –> 00:35:48.270
Lisa Williams: It is free, however, we are donation based we support an incredible ministry, that I am is very near and dear to my heart, called fearless women.
00:35:48.930 –> 00:35:59.940
Lisa Williams: We also have complimentary financial education classes every Saturday I have so many different books and videos you can tune in to our.
00:36:00.480 –> 00:36:09.750
Lisa Williams: You know our tribe there’s so many ways, you can find me at Lisa Williams co.com and I will make sure that you get the link to book time with me as well.
00:36:10.320 –> 00:36:18.630
Lisa Williams: You asked about out asked about our book this isn’t part of my business, but it is definitely a part of my life journey.
00:36:19.140 –> 00:36:31.710
Lisa Williams: And that is it’s called conversation with an angel and it was written by myself and my best friend she is actually passed away so i’ve been writing it with her.
00:36:32.520 –> 00:36:44.520
Lisa Williams: vicariously and it’s about it’s about our friendship it’s about the relationship that I have with my heavenly Father and the journey of discovery of.
00:36:45.000 –> 00:36:49.980
Lisa Williams: A faith and a lot of ways I you know I look at life through the lens of Jesus.
00:36:50.580 –> 00:37:00.000
Lisa Williams: and whatever life, whatever lens that you look at life through I hope it’s a lens that believes there’s a there’s a bigger power out there.
00:37:00.480 –> 00:37:06.180
Lisa Williams: That has a good plan for your life and maybe there’s more that you’re meant to be doing with your life.
00:37:06.750 –> 00:37:13.620
Lisa Williams: And that’s that’s the road that you know I found myself on and and pivoted when I started my entrepreneurial journey.
00:37:14.070 –> 00:37:26.640
Lisa Williams: So the hope in the book is that people will start to wonder like what is real, you know, does it make sense to discover more, and is there more in my life that i’m supposed to be doing that could enable me to live more abundantly.
00:37:27.870 –> 00:37:36.480
Steve Werner: I think that to kind of bring this full circle, like everybody has a tipping point at some point in their life when they’re Given a choice to make a decision.
00:37:36.930 –> 00:37:44.940
Steve Werner: We all have multiple of those throughout our entire life, but one of the big ones for you is when you were called into that meeting, and you decided to leave your job.
00:37:45.540 –> 00:37:54.270
Steve Werner: led to where you are now the book from what you were explaining to me before we got on is all about having that moment and finding that moment.
00:37:55.140 –> 00:38:04.680
Steve Werner: And if you’re listening to this podcast we’ve covered a lot of different information reach out to Lisa because she can help you find that moment financially.
00:38:05.100 –> 00:38:14.880
Steve Werner: which will turn you around and help you so that you can retire or so that you can have some passive income, so that you feel financially free because nothing is worse than coming home after working.
00:38:15.390 –> 00:38:21.240
Steve Werner: A whole bunch right working a 40 5060 hour week job and not having enough money at the end of the month.
00:38:22.410 –> 00:38:24.780
Lisa Williams: yeah yeah absolutely.
00:38:25.470 –> 00:38:31.950
Steve Werner: This, I just want to say thank you so much for coming on and sharing all of this knowledge with us on it’s always great to talk to you.
00:38:33.060 –> 00:38:35.220
Lisa Williams: I love you Steve, thank you for having me.
00:38:35.790 –> 00:38:42.810
Steve Werner: No problem, it is my pleasure to everybody else out there till next time take action change lives and make money we’ll see you soon.