Big Leaps of Big Money: The Mindset of Wealth

The Big Leap

Gay Hendricks & Mike Koenigs

Self-improvement, Health & Fitness, Freedom, Decisions, Mental Health, Business, Relationships, Genius, Education, Success, Beliefs

5 • 707 Ratings

🗓️ 12 September 2023

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Mike has a juicy new episode today that you're going to love.

Gay and Mike have an honest conversation about the biggest money mistakes they've made over their careers, and some of their biggest wins and lessons learned.

Mike confesses some horrendous investments he has made early in his career that lost half his investment and Gay shares how a stupid fear and mistake cost him $10 million (yep, you read that right) in potential gains on an early Tesla investment.

They also share what they'd do differently if they had to start over today. Here are a few key points:

Invest in YOUR genius first - the ROI will be huge.
Surround yourself with superstar mentors and coaches (Mike still invests ~$250K a year in his own coaching!)
Create "unfair advantage" through your network and personal brand
Play the long game - have patience and discipline

They get super honest about family money dynamics, like trying to "coach" their own kids. Let's just say hiring and firing your own offspring is...complicated!

Whether you're new to investing or an old pro, Mike thinks you'll find this episode motivating, insightful and entertaining. Have a listen and let's hear your key takeaways!

Key Takeaways

(03:37) Gay’s first Big Leap into investing
(06:23) The three traditional ways to invest
(16:31) Jackie Kennedy and a colossaly dumb stock market mistake
(21:59) Never outsource your money movement
(27:00) How to invest in your own genius
(45:01) What does it take to get to a wealth mentality?

Additional Resources

Get my new book Punch The Elephant
Get on the Early Bird List for The Big Leap Experience!

Transcript

Click on a timestamp to play from that location

0:00.0	Immediately, as soon as it started going up again, I got caught up into Wittish or
0:05.3	coulda. Oh, no, look, today it's worth one point two. I created a month or two of misery
0:11.0	for myself. And I lost half of my principle because I didn't have the discipline.
0:16.8	The one thing that looking back over my whole career, I wish I'd invested more in,
0:24.2	were personal transformation things at the time or things that I thought I couldn't afford.
0:31.0	To me, the big thing to invest in is your genius.
0:36.1	Hi, everybody.
0:37.0	I want you to listen and watch this episode of the Big Leap podcast because it's about
0:41.5	big money leaps.
0:43.8	And you'll hear a lot of personal stories from me and Mike, including some of our colossal
0:49.3	mistakes as well as a few big wins.
0:51.8	But what you'll really do is get underneath
0:55.4	and understand how the mechanisms work
0:58.8	that you need to take care of
1:00.5	in order to increase your wealth
1:03.1	in an elegant, easeful way.
1:06.0	Yeah, I think what I was able to learn
1:08.2	in listening to gay and what I was able to reflect is I've been spending time with my 21-year-old son and I got to have the conversation if I would have known then at your age what I know now.
1:21.6	Here's what I would have done.
1:23.2	And we walk away with a five-step processing system, which is the mindsets of wealth creation,
1:29.6	as well as some really practical, tactical ways on how to get access to unfair advantage offers
1:36.7	and investment opportunities that might not be obvious or they're simply not available to anyone else.
	...

Transcript will be available on the free plan in -564 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Gay Hendricks & Mike Koenigs, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Gay Hendricks & Mike Koenigs and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.