309. Are Your Relationships Undermining or Building Your Wealth?

Jul 26, 2021 | 0 comments

You are the average of the five people you spend the most time with. This is true of every area of your life – especially your finances.

You may think of your financial wellbeing as something you do alone or with your significant other. You may think it comes down to your level of discipline or ambition. But there’s one overlooked thing that also determines how much money you make, save, or invest: the people you surround yourself with.

If you’re purposeful, you won’t just have relationships, you’ll have wealth determiners: people that have a positive influence on your life and your finances. Who do you surround yourself with? Are they helping you or hindering you from building your wealth? Jay and Wendy Papasan are going to show you how to identify the difference.

Every year, we hold a Goal Setting Retreat for couples and teach this concept (along with an exercise to determine if you are missing wealth determiners and how to find them, or if any of your current relationships are undermining your wealth building). If you want to have this process facilitated for you visit the1thing.com/setmygoals.

To learn more, and for the complete show notes, visit: the1thing.com/podcast.

In this episode, you will learn…

  • [02:25] Understanding how your relationships impact your wealth
  • [05:40] Identifying your wealth determiners
  • [09:36] Creating reciprocal relationships
  • [16:42] Viewing relationships as an investment

Links & Tools From This Episode

When you’re busy, it can be a challenge to get dinner on the table every night.

Freshly can help. Freshly offers chef-made, nutrient-packed, delicious meals direct to your door with no cooking required. This means that all of the time-consuming parts of meal prep can be leveraged to someone else. Keep your fridge stocked and skip the trip to the store.

Visit freshly.com/one and get $40 off your first two orders.

Who owns your data?

Your data is one of the most valuable commodities in the world. You want to protect it – especially as a business owner or part of a company. NordVPN is the perfect solution to ease these concerns. It encrypts your traffic, protects your data and privacy, and eliminates geo restrictions.

Go to nordvpn.com/onething to get a two-year plan – plus a bonus gift – with a discount.