hey what's up guys Stefan here from
projectlifemastery.com and today I'm
gonna share with you guys how to win the
game of money now sometimes when I refer
to money as being a game there's some
people that don't like that in fact it
might even offend some people because
money is one of those topics that a lot
of people have a lot of mixed
associations to there's a lot of emotion
that gets tied up around money whether
you have a lot of it or you don't
or you didn't grow up with much money I
know for myself I didn't grow up with
much money growing up my parents
struggled with money there's a lot of
anxiety and fighting and stress that all
came around money my parents went to a
bankruptcy they end up going through a
divorce and so therefore there's a lot
of you know if you might have not gone
to that extreme but there's a lot of
associations that can happen there with
your struggle with money you might start
to believe in linked emotions to pain
and bad and evil and see these negative
sides that come out in people in the
presence of money what people are
willing to do for money the hard work
and sacrifice that might go into it
which can also lead to a lot of pain the
scarcity the lack of it and the
relationship that you have with money I
want you to pay attention to this now
the relationship that you have with
money that you've built throughout
learned from your parents your peers or
society and even just modeling and
observing because as an infant you're a
sponge do you observe other people's
behavior around money too even right now
today your relationship with money and
how much of it you have into your life
your relationship with money guys is
going to determine how much of it you
have how much of it you make and how
much of it you keep and grow the
relationship that you have with it so
first if you look at money as a game
which is how I look at it okay it's a
game that if you know the rules if you
know the laws you know how it works
guess what you can make as much of it as
you want and it can actually be fun too
it can be very enjoyable that's how I
look at money is it it's fun it's a fun
game to play but it's not fun to play if
you don't know the rules it's not a fun
game to play if you don't know how to
play
and for most people that are in society
you haven't learned how to play the game
you haven't learned the rules of the
game the laws and how it works so that
you can win successfully because just
like any game guys once you get good at
it it becomes fun but also you keep
winning more and more once in a while
you lose right that's part of the game
as well but when you get good at
something you win a lot more times than
you lose so money is a game and I want
you guys to be able to win the game I
want you to be able to prosper with it
and I want you to know that it's not
your fault because nobody taught you how
to play I mean this is something that
your parents made me didn't know and
they didn't know how to teach it to you
maybe they struggled with it as well
something that the school system doesn't
really teach us or empower us for either
University and colleges don't teach us
either you know the way that I learned
how to play the game guys was learning
from other people they already knew how
to play right I learned from them I went
through the journey of it as well I had
some wins and losses and I continued to
learn and grow from that but the amazing
thing is isn't it a gift that we can
access the incredible minds of some of
the smartest financial people in the
world multi millionaires billionaires
that we can get a glimpse of their
psychology their mindset and we can
learn from that and we can adopt that
because maybe the people in our lives
our friends and family they don't know
how to play the game either right
there's people like what Warren Buffett
or Richard Branson or a George Soros or
you know Sir John Templeton or so many
incredible financial minds throughout
the history of the world that we can
learn from there's books like the
richest man in Babylon what a great
classic that book is everybody should
read that - Rich Dad Poor Dad by Robert
Kiyosaki - cash flow quadrant - think &
Grow Rich - The Millionaire Next Door -
the science of getting rich right this
book called that and money is a science
- The Millionaire Next Door - The
Millionaire Fastlane you know if you
want to make money and you want to learn
how to play the game doesn't it make
sense that you study it doesn't it make
sense that you read books and you learn
as much as you possibly can
about money and how it works and how to
earn it more in your life and create
more financial abundance in your life
there's books there's resources that are
available there's videos like this that
I'm doing right now that can hopefully
help educate you and get you on that
path but I want you to understand that
it's a learning it's a learnable game
and you can learn it you can practice it
and you can win okay doesn't that sound
great awesome
so let's talk about the psychology
because the mindset the psychology and
the relationship you have with money is
really going to be one of the most
important factors because you change our
behavior right but you don't change your
psychology you're gonna self-sabotage
yourself right you might know someone
like that or I've already gone through
this where you end up making money but
you end up losing it spending it giving
it away and I know people that are
multimillionaires that keep doing that
they make the money well they're not
really a multi-millionaire but they've
made millions of dollars but they can
never keep it because here's the thing
guys there's three things you need to
know to become financially abundant okay
to become a millionaire
multi-millionaire a billionaire or
whatever it might be there's three
things you've got to master okay I want
you guys to write this down number one
you gotta learn how to earn it
okay earn it that's that's a game right
there how to earn money you already
probably know a little bit how to earn
money right now if you have a job you've
had jobs in the past that's one strategy
but there's many other strategies
there's many other cards that you can
play you don't just have to have a job
you don't just have to go to university
there's many different ways you can earn
money next is you have to learn how to
keep it how to keep it that's a skill
that's something that a lot of people
haven't yet mastered in fact I know a
lot of people that know how to make
money and you're probably making money
now but if you don't have any then
you're not good at keeping it okay
they're just not if you don't have money
saved if you don't have money put aside
then you're not good at keeping it you
haven't yet mastered that so you have to
learn how to keep it because it's not
what you make it's what you keep you
could be the guy making millions of
bucks but spending it sabotaging it
giving you a way losing it
right and you're left with nothing the
third thing you have to master is how to
grow it how to grow it how to take money
and turn that money into more money how
to invest it how to have that money work
for you to hopefully create passive
income for you is that passive income is
what's gonna give you true freedom so
that your money is working for you and
you don't have to work for money okay
so those are the three areas you've got
to master the psychology is where you
have to start the blueprint you have the
psychology around it because if you
don't master that first and should make
the shift in the belief system you can
earn it and you're gonna you're gonna
struggle they're keeping it you're gonna
struggle or gonna sabotage it you're not
gonna be able to grow it so it starts
with the relationship the beliefs and
the associations you have with money
okay you can shift that partly through
going through books and resources can
help you understand money in a different
way look at it in a different way but
also you know there's a lot of
techniques these are more things that I
teach inside some of my courses like
life mastery accelerator for example how
to create how to make a shift in your
belief systems in your psychology but
let me pose this to you what is money
for you how do you define it money is
what okay what's the first thing comes
up in your mind the first thing because
that will give us a glimpse into your
psychology in the relationship you have
for some people might say well money is
security or money is freedom or money is
power where money is good or money is
bad or money is the root of all evil or
money corrupts people or money is pain
money is struggle money is hard work
what comes up with you but splits the
the first thing that comes up or what is
what's the something that your parents
always told you about money whether it
empowers you or doesn't so that's a
glimpse into your mindset your
psychology let me share with you guys
what I believe money is money is a tool
it's a tool that's it
it's a tool that can build or said tool
that can destroy but it depends on who's
wielding that tool who's holding the
tool in their hands so you can use money
to build money can be amazing in so many
ways can it I mean money can allow
someone to pursue their dreams money can
allow someone to have freedom in their
life money can allow someone that you
can use as a resource to help donate it
and give it away the different
organizations that can help make a
difference in the world money could be
used to grow and improve yourself now by
reading books and getting coaches and
mentors and courses and trainings that
can help you accelerate your own
personal development and growth where
money can maybe be used as a tool to
help you build yourself by also
investing in health products and
personal trainers and coaches and people
like that that can serve you as well can
allow you to have more abundance to take
care of those around you that you love
and care for can allow you to pursue
other dreams and businesses and
opportunities you might have as well so
money as a tool can create a lot of good
but also just like a tool could be used
to build it can also be used to destroy
you know money can be used to use in
negative ways throughout politics
corporations could use it negative ways
to take advantage of people you know
there's some negatives that can come
from money as well it can you know you
know you can use it to destroy other
people you know lawsuits and threaten
people and there's that side of it as
well but here's the thing guys it's not
that money is bad it's not that money
corrupts people it's not money it's not
the tool it's the person holding it it's
the person that wields it it's like a
hammer you can use a hammer to build or
destroy you can use a hammer to build a
house and build this incredible house or
structure or you can use the hammer to
tear down the house but it's not the
hammer that's bad the Hammers not
corrupt it's the person holding the
hammer so money is basically just a tool
that us as human beings we get to decide
what we do with it if you're a good
person then you're going to
money for good if you're a bad person
you might be gonna use money for bad
right so you have to be very clear not
to generalize money and create and
define it as something that is not
because when you create these beliefs
that money's bad and hard work listen
there's some people that don't like for
me right now
money is not hard work it's easy for me
I have passive income that flows it so I
have a different belief in psychology
around it and that one serves me more
than believing that money is hard work
money is struggle not for everybody
money is you know money is whatever not
for everybody right you can't generalize
you have to keep an open mind and here's
the trick you've got to create your
empowering beliefs around money that
will serve you that will support you and
your goals to having more of it okay the
book is called thinking grow rich
because you've got to change the way you
think your psychology or mindset your
beliefs change the way you think and
I'll change your experience and
relationship with money okay now let's
talk a little bit about earning growing
and keeping it okay each one of those is
a game that you have to learn how to
play earning money there's many
different ways you can do it okay you
can earn it from a job it's great now
there's many different jobs out there
some pay more than others so one thing
that can make sense for you is how can I
get you should be asking yourself the
questions like okay how can I get better
at earning money how can I get maybe
better jobs out there there different
opportunities that can allow me to earn
more to do so that is going to require
you to maybe develop more Skills to work
on yourself to grow to evolve so that
you have more value key word here guys
value that you can then provide and
offer that you get paid for because
that's how you earn money I just gave
you the secret you earn money by
providing value that's it that's how you
make more money that's how you earn it
so if you want to make more money find
more ways you can add value find ways
you can solve problems
in the marketplace problems for your
employer problems for this company or
that company if you can solve problems
and add value in that way or help
companies grow or you start your own
company and you provide value in the
form of a product or service you provide
for people and you provide it to more
people you make more money simple as
that guys you help some people you make
some money you help a lot of people and
make a lot of money pretty simple right
so now you can see how it becomes a fun
game because now the game is how can I
one grow and become more valuable and X
have more skills and improve Who I am
and two how can I add more value to
every as many people as I possibly can
I'm going to solve their problems I'm
gonna help them meet their needs their
goals that's a fun game you just keep
doing that again yeah that's why some of
the richest people in the world you know
what they're not retired why cuz they
love the game it's fun they love it you
know that's what Warren Buffett does
he's in his 80s and he's still just
adding value he adds value by investing
in companies right he invest in them he
helps them grow right and he has share
he has a Berkshire Hathaway and he has a
lot of people that invest in this fund
and his stock and so for him it's fun he
enjoys it it's a game for him that's why
he doesn't need to work but he still
does huh how does that belief change it
for you by the way if it's a fun game
like a lot of people look at money is
like okay I want to make it I want to
retire so I have to work again why
because they're not enjoying the game
that's why they want to retire like if
you're enjoying the game it's fun why do
you want to retire I don't want to
retire because I enjoy what I do I'm
passionate about it but when you learn
to enjoy the game and you get good at it
it's like a hobby it's like it's like
playing tennis or golf or surfing or
some sport or any game out there okay
but it's challenging yes
there's surprises there's the unknown
you have to grow you have to add that
this is so many components to it that
can make it fun okay so you have to
learn to
joy guys enjoy it the way you learn to
enjoy it you get good at it get good at
it and you find a way to align the way
you make money with your passion and
what you do enjoy and guess what you can
make money from your passion as many
people that are you love hiking I know
someone that started a hiking magazine
you know turned that into a business and
does very well from that you love golf
there's lots of ways that you can make
money from golf teaching golf and
educating people and books and resources
that you can share with people even a
lot of opportunities online every niche
every market every passion there's a way
to make money from it and to enjoy it
very cool right how about keeping it
okay keeping is very important that's
something got to start now now with the
money you have there's no reason
whatsoever why you should not have any
money saved there's no reason for that
okay if that's you give yourself a shake
right now look in the mirror say you
know what that stops now I'm gonna learn
how to manage my money I'm gonna get
some books on it and I'm gonna start I'm
gonna give you guys something you can do
right now very simple okay
however much money you make right now in
a two-week period in a month whatever
your paycheck is whatever you're making
and again if you're not making any right
now go get a job go get a job go work
add value make money that's the first
place to start before you can obviously
have money to manage so whatever amount
of money you have you have to learn how
to how to measure it on a regular basis
okay here's what I recommend you do use
a Google spreadsheet or Excel
spreadsheet on your computer and I want
you to track every single week exactly
how much money you have coming in and
what your expenses are and categorize
your expenses based on your your rent
your car transportation your food and
groceries excuse me your phone bill your
internet bill your gym membership you're
dining out and entertainment etc okay I
want I want you to be aware of where
your money's going I want you to be
aware of that because a lot of people
they're not even aware that are spending
it and they're wondering oh well I don't
have any money
well why because they're not trying
get right you're gonna know how what's
coming in and what's going out track and
now what you do is you create a budget
you look at okay I'm spending a little
bit too much how can I simplify this to
spend less write simplify my expenses
maybe I've got to get a cheaper
cellphone plan maybe I've got it sell my
car take the bus maybe I've got to
downgrade my house whatever so that you
can keep more of it because if you're
living paycheck to paycheck you get
nothing left how are you gonna get ahead
you're not you're basically you're not
building anything you're just in the rat
race right you're just kind of doing the
same thing over and over again and years
ago and buy and all this work and after
you're putting in isn't creating
anything for you in your future what are
you even working for then you're just
working just to survive not thrive the
way you thrive is you have to get good
at managing your money and you know at
first you're not gonna enjoy it you
might be thinking oh I don't want to do
this Stephanus huh it just stresses me
out thinking about it force yourself to
do it and you know what when you do it
you're gonna feel free you're gonna feel
liberated you're gonna feel like you
have control over your finances and then
you're gonna start to get good at it and
gonna enjoy it
you're right it's gonna be fun for you
so you're gonna have to learn how to
manage your expenses and what you're
spending money on and you have to make
sure here's the key that you save a
certain percentage of it what percent
ten percent would be the minimum ten
percent not less than that if you could
do 15 percent 20 30 40 50 percent great
for me I save 90 percent of the money
that I make
why because I make a significant amount
of money I've got a great lifestyle too
but I have so I do really well that I
don't need to be spending a hundred
thousand dollars a month on lifestyle I
just don't need to I can save it and I
want to grow that for my future right so
as much of it you can save ten percent
would be the minimum okay pay yourself
first this is money you got to take you
put it aside and you build your savings
from that you got to have at least three
to six months savings of whatever your
expenses or income is so if your
expenses every month let's say or $2,000
a month
let's say $5,000 a month well you'd want
to have at least $15,000 to $30,000
saved in a bank account for emergency in
case you lose your job in case the loser
house in case there's a recession in
case there's a medical emergency in case
something happens you have that there or
maybe there's an incredible opportunity
that comes along an investment
opportunity whatever it is that you can
you can maybe use some of that for but
it recommends still making sure that's
your emergency in your cushion you don't
spend it okay so after that guys once
you have that now it's time to focus on
growing money anything in excess of that
you put it aside and you try to grow it
you use that money so you can invest it
and maybe stocks okay mutual funds real
estate there's different investment
vehicles out there my favorite is
business I want to build a business that
I can invest in online business let's
say grow that and it could provide
passive income for me that's going to
grow a lot faster than a stock or real
estate will and it's gonna have control
over it and it's gonna provide passive
income and it's gonna allow me to earn
more right which is the key to be able
to have more money to keep and save so
that you have more money to reinvest and
grow as well but when it comes to
growing it you also want to diversify
you don't want to have everything into
business you want to have a variety of
things so that you have some stocks and
different sectors different markets so
that is diversified maybe a real estate
as well and that way you're diversified
if anything happens to one or the other
you're still your wealth continues to
grow and sustain itself there might be
times or one's up one's down that's okay
that's a game it's a fun game you know
it's fun guys to to invest in things to
you know find companies and other
companies that are doing well and put
some money into that so that can grow
provide more for you right and the more
that you invest in the more you can make
the more opportunity there is there's
ups and there's downs too it's a game
and you can learn the game guys you
learn how to grow money you learn
how to invest there's a million
investing books out there you just have
to decide you're gonna commit yourself
to it you're gonna learn it you're gonna
master it okay great book for beginners
is Tony Robbins has one called money
master the game also has one called
unshakable okay also a great book so
there's lots of resources at your
disposal but what would stop someone
from diving into it is they have again
mixed associations to money bad
relationship with money of how they're
looking at it and that's why shifting
your money mindset is very important
very important TR Becker has a great
book tail give you guys called secrets
of the millionaire mind secrets of the
millionaire mind a great book write all
into the mindset the beliefs you have
around money so that's why you got to
start with that guy's of psychology you
have to learn how to shift your beliefs
learn how to condition yourself I've got
a course called morning ritual mastery
that teaches you how to create a ritual
underlie that's one of the ways I
conditioned myself since I was 17
through affirmations and and certain
phrases that I say to myself again and
again to shift my mindset right to
feeding myself every day with
inspirational books on money and
changing my belief systems around it
right to a lot of things you can do to
really shift it so where were ya money
is a game guys you can become great at
the game
it's a winnable game it's actually a
relatively easy game to play now when
you're brand new at a game is it fun no
because you're always getting your ass
kicked you're not good at it yet but as
you get good at it guys it does become
fun and you're gonna be able to create
as much money as you want from it and
it's gonna be something that you enjoy
something that is a fun process for you
so those three different levels guys
those stages make it your goal to master
each I gave you guys a lot of resources
and books that can help you guys I'll
link to a bunch on my blog at project
life mastery com if you go to the
resource page at project life mastery
com /resources I do have a lot of
resources
they're linked as well that I didn't
mention of just things that have helped
me not just with money but other aspects
of my life as well they can serve you
guys also and if you guys want to learn
how to build an online business so that
can help you earn it and grow it then
I've got a great course I got a few
great courses that can help you guys one
called affiliate marketing mastery K
money mastery they can teach you how to
build an online business doing things
that I've done to create financial
abundance in my life
so check out the different programs I
have you can find those at project life
mastery comm as well and I want to thank
you guys for watching this video if you
guys want some free training for me I'll
have a link below the description for
you also to help you guys get started
one is a quiz that you can take - I'll
mention this real quick a quiz that I
created that can help you determine
which online business is best for you
and that's that project like mastery
comm slash quiz so thank you guys for
watching and joining in make sure that
you commit to mastery talk to you soon
you
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