Ep #503: The Best Financial Investment

The Life Coach School Podcast

Brooke Castillo

Education, Entrepreneurship, Business, Self-improvement

4.8 • 9.2K Ratings

🗓️ 7 December 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

What if you saw your brain as an ever-appreciating asset that brings you compounding interest?

We aren’t taught to think about investing in our brains this way and it’s time to change that.

Find out what the best financial investment you can make is, how to make it, and the wonderful things that can happen when you do.

If you are ready to create a life that is unrecognizable by the end of 2024, you have to join me for the last best year in Get Coached: http://thelifecoachschool.com/join

Get full transcript, show notes, and more information here: https://thelifecoachschool.com/503

Transcript

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0:00.0	You're listening to the Life Coach School Podcast with Brooke Castillo episode number 503.
0:07.0	Welcome to the Life Coach School Podcast, where it's all about real clients, real problems, and real coaching.
0:15.0	And now your host, Master Coach Instructor, Brooke Kistio.
0:20.0	What's up beautiful friends? How is the end of the year treating you? I personally am
0:29.1	head down jamming with work in such a good way in such an exciting fun way and playing lots of pickleball.
0:37.0	Having a wonderful time. I get to spend a lot of time with my kids which has been amazing too. So today I was out on my morning walk and I was thinking a lot about a class that I am creating for my coaches called Top Earners and I'm really excited about kind of overlapping that class with the class that I'm teaching and get coached called Money is Your Friend.
1:05.3	And when I'm coaching people on money, there are a lot of aspects that you have to consider,
1:10.2	right? You have to consider how much money that person has in terms of their income and how much money they have in terms of how to invest it.
1:17.9	But there's one investment that goes across all boards in terms of a percentage of your income I believe.
1:26.3	And I think this is one of the biggest mistakes I see younger families making that have any kind of excess income but want to make more.
1:37.3	I see people making these mistakes.
1:40.1	So first of all, I just want to give you all a little bit of overview of my money
1:45.4	philosophy that isn't unique it's pretty common but when I think about
1:50.4	investing when I think about money when I think about my income, I always want to be investing it in assets.
1:58.2	And what that means is I invest it in things that make me money. Now if I have I have all my expenses taken
2:06.4	care of then all my investments taken care of then after that I can go and
2:10.7	buy things that are what I call depreciating assets. So even though it may be an
2:15.2	asset it's not going to make me money, right? So like a car, a regular kind of car would be an example
2:20.9	of that. Perce would be an example of that, purse would be, example of that, clothes would be an example of that.
2:25.0	Anything that you buy and immediately upon purchasing it,
2:28.6	it is worth less than it is brand new.
2:32.3	That's a depreciating asset.
	...

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