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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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