Financial freedom is a mental game.
By Tyson Liberto
Summary
## Key takeaways - **Financial freedom is a mental game**: Achieving financial freedom requires becoming the person capable of handling it, following a 'be, do, have' progression rather than just wishing for the outcome. [00:05], [00:15] - **Avoid asking 'How do I have it now?'**: Focusing on how to attain financial freedom immediately skips essential steps and distances you from your goal. The process requires experiences and actions to bridge the gap between your current and desired state. [00:48], [01:00] - **Develop a high-income skill**: To achieve financial freedom, cultivate a high-income skill by becoming exceptionally good at something, which takes time, patience, and discipline. [01:36], [03:53] - **Embrace failure as a stepping stone**: Implementing new skills will involve failure, which is a crucial part of the process. Each failure is an opportunity to learn, reiterate, and refine your approach. [01:54], [07:45] - **Read to understand money**: Reading about financial literacy, investments, and the psychology of money provides the knowledge needed to align your mind with financial freedom and increases your chances of success. [05:18], [05:30] - **Implement skills for real-time practice**: Knowledge from reading or watching videos is useless without implementation. Practice your skills in real-time situations to solidify learning and avoid forgetting the information. [06:26], [07:22]
Topics Covered
- Financial freedom is a byproduct of becoming the right person.
- Don't ask 'how do I have it?', ask 'how do I become capable?'
- Skills are monetizable, regardless of how niche.
- Information is useless without implementation and failure.
- Abundance unfolds when you align with it through action.
Full Transcript
I don't really ever talk about money and
there's a reason for that. In order to
have something, you need to become the
person that's capable of doing the
things that are required to have it. Be,
do, have. Remember those things. And so
really, this whole game, this whole
process of development and pursuing a
life of fulfillment and prosperity and
success is a mental game. And of course,
like let's not beat around the bush
here. Finances, healthy finances are
required in order to live a life of
freedom. It's just the world we live in
today. If you want to be able to go
places and experience new things and try
new foods and meet new people and, you
know, just be able to do what you want
when you want, then finances are
required. And so, I get it. But a lot of
people make this mistake of asking for
financial freedom mentally. They desire,
they wish for it. And when that's the
first question that you ask, you
immediately distance yourself from it.
And the reason that is is because if the
first question you're asking is
regarding the thing that you want, then
you're skipping over every single vital
step that is required in order to have
that thing, right? Like there's a
process that needs to happen in between
where you are now and where you want to
be. So, if you don't have financial
freedom and you want to be financially
free, there's a ton of experiences that
need to take place and actions that need
to be done in order for you to get from
point A to point B. Now, let's just
think real quick. What could be some
things that you have to do in order to
have financial freedom? Well, you need
to have a skill, a high income skill.
And so, you need to be really good at
something. And that takes time, that
takes patience, that takes discipline.
You need to be financially literate. You
need to understand how to manage
finances. You need to understand how
money is exchanged. You need to try a
bunch of things. You need to experience
failure. You need to fall flat on your
face and have those humbling moments.
All of these things are required in
order for you to have something as
valuable as financial freedom. You see,
the harder something is to overcome, the
more valuable the reward. And financial
freedom would fix a lot of issues in our
life. Let's not let's not kid ourselves
here. But people see the time, they see
the struggle, they see the difficulty
that you must bear in order to reap that
reward and they want to skip it. And so
they look for the quickest way to get
there. And so the question of how do I
have it now immediately strays you away
from the path that you need to be on.
You know, it's almost kind of
paradoxical because as soon as you
detach yourself from the desire itself
and you just understand that it will be
gravitated into your life so long as you
become the person that can have it, it
gravitates to you automatically given
time. I mean, think back in your life.
How many times have you been so
desperate for a certain outcome and it
actually came to you? Very, very, very
rarely does it ever happen like that.
Every time we're like, I wish this would
happen. I wish this would happen. I wish
this would happen. It never happens. It
just doesn't. Why is that? Well, it's
for all the reasons that I just listed.
And you'd be right to ask, "Well, Tyson,
how do I actually become the person
that's capable of gravitating financial
freedom into my life?" And it's really
just about understanding this concept
that what you identify with, you will
be. So, if you constantly are
identifying as someone who struggles
with money, who's always broke, who
wishes they could be rich, you're
immediately distancing yourself from
financial freedom. So, if you instead
identify as someone who's building their
finances, who's becoming financially
literate, someone who's becoming smarter
with their money, then that's exactly
what will happen. Now, it's not as
simple as just saying, "I am rich,
right?" Like going in the mirror in the
morning for 10 minutes and saying, "I'm
rich. I'm I'm rich. I'm financially
free." Like, that's not what this is,
you know? Let's at least be realistic.
But change your language. Change how you
identify yourself. Change yourself as
someone that is developing, that's
becoming smarter and more calculated.
How you talk to yourself is exactly how
the world will treat you, my friend.
Okay. Okay. Now, we're going to go
inside. We're going to sit down and I'm
going to tell you actionable steps that
you can take today to get you closer to
that goal.
[Music]
All
right. So firstly, this is not going to
be how to make money quick. This isn't
going to be the newest and best business
model to make $100,000 in your first
month. This isn't drop shipping. This
isn't Tik Tok shop. This isn't
how to start a coaching business or any
of that. These are going to be practical
things that you can start doing today,
now right after you watch this video on
a day-to-day basis that will ensure that
you get to your goal of financial
freedom with time. First thing, read.
These are going to be these aren't going
to be flashy. These aren't going to be
exciting probably. Um, but reading is
important because it's where you're
going to get knowledge and knowledge is
power. If you can learn more about
financial literacy, investments, how
money works, the psychology of money,
right? I practice what I preach.
You're going to learn more and more and
more, and you're going to be orienting
your mind in alignment with financial
freedom. And so, the better you
understand the game, the higher your
chances are of winning. Second, develop
a skill, a high value skill. You have
something that you're good at or at
least interested in. Everyone has
something, a passion, a hobby, an
interest. It could be movies. I love
horror movies, right? You could be
really, really, really good at breaking
down horror movies and doing it in a way
that is entertaining and unique and and
encaptivating. Anything can be monetized
nowadays. You just have to do it well.
Really well. Number three, you're going
to implement said skill. you're not
going to be great at it at first. Money
is not going to just fall into your lap
immediately. And so, it's a process of
learning the skill, spending time with
it, implementing it, and you do that
through practice. You should dedicate
time, an hour a day at least, to your
craft, your venture. That's the skill
that you're building. And so if you're
developing the skill of being a really
good communicator and you want to be a
communication coach eventually, you're
starting from not the top level, right?
You're going to expand your vocabulary.
You're going to experiment with
different styles of speaking. You're
going to watch videos on how to you're
going to watch videos on how to speak
better. And then you're going to have to
implement that. And so next time you go
to your job or a social event, you're
hanging out with friends or doing a
presentation in school or at work,
you're going to implement these skills
and you're going to practice them in
real time, right? Like you can watch as
many YouTube videos as you want. You can
watch as many of my videos as you want,
but if you don't implement what I'm
saying to you, then it's not going to
amount to anything. Your brain is wired
to get rid of and dispose of information
that you don't use. And so if we want to
capitalize on the way that we're
biologically wired, we must implement or
put to use the information that we're
taking in. And that leads us to the
fourth step. And that leads us to the
fourth step, failure. When you implement
these skills, you're not going to do
them perfect. You're going to do them.
You're going to be like, I could have
did that better. But it's repetition.
And you need to be okay with failure
because failure is a stepping stone to
success. You cannot have one without the
other. Your success wouldn't be success
if you didn't also know what failure
was. And so this process of developing
this high income skill, this high value
skill, you're going to have to
experience a lot of failure. But every
time you fail is another opportunity to
learn from it. And so if you implement
these four steps, reading, which is
giving you a general foundation for
financial freedom, an understanding of
money, how it moves, how it works, the
psychology of it. to developing a skill
that will attract money. We're not doing
it for money, but we're developing this
skill, something that we're naturally
good at or have an interest in that
will, as a byproduct, attract money and
gravitate money to us. Three,
implementing that skill so that we can
put the knowledge and information that
we're taking in about said skill to use
so that we can continue to experiment.
And number four, fail. So that we can
continue to reiterate and refine and
retune and with time continue to grow.
And eventually what this will look like
down the line is you will have a
complete understanding of money, of
finances, of investments. You will have
a firm foundation so that you are ready
to accept the money, to receive the
money, and you will also have a skill
that will gravitate it towards you and
all sorts of things. It doesn't just
stop at financial freedom. All sorts of
things stem from this. You meet great
people. You become a more well-rounded
person altogether. You have new
experiences. Your life just starts to
unfold towards things that are aligned
with abundance. Do you understand? Cool.
So implement these things, my friend. It
starts now. That's why I gave you these
practical. You can do all of these
things starting today. I'm not giving
you the top 10 tricks to make 10 grand
this month. I'm giving you real advice
that you can start doing now. And I've
walked you through the mental aspect,
the psychology of detaching yourself
from this want. Because the more you try
to attach to something, the further it
runs away from you. I appreciate your
time and I will see you soon.
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