Property Profits Real Estate Podcast
Business:Investing
George Grombacher is the president of Money Alignment Academy and the host of the Lifeblood podcast. He's working to help people get better at money so they can live how they want.
In this episode, George talks about what most people’s limiting beliefs about money are, how to become aware of it, and the steps you can do to overcome it. He also shares about handling debt as this is what most people are stuck with that prevents them from being financially secure and prosperous. He also doubles down on the importance of having a budget as this helps you in forecasting for properties to buy where your real estate business is concerned. He also talks about what his Money Alignment Academy is all about and what’s in it for you.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Resources/Links:
Topics Covered:
Key Takeaways:
“How do I know if I'm suffering from that? I think that if you are plateaued, you sort of go along doing the same thing, and foods are kind of bland to you. You're just not taking steps up. Or if you feel like you're in a rut, then I bet that you have some kind of negative belief about money or some kind of a negative limiting script running in your head.” - George Grombacher
“Once you recognize if you do have some kind of a limiting or negative belief about money, well, then it's just a matter of starting to dig into why it is that I think that and it's probably not a rational thing. Once you become mindful of it, then you can actually start to be logical about it and say, “I'm feeling this way, but I'm not going to act on that, or I'm going to choose to act in this fashion.” - George Grombacher
“When we get into debt -- credit card, that's when we stop living, and you start surviving because you get to service debt.” - George Grombacher
“I want everybody to be rich, I want everybody to have financial prosperity, but you can never get financial prosperity unless you have financial security. And that six months will get you there. So get out of credit card debt.” - George Grombacher
“I don't have any negative opinion about debt, like taking out a loan to buy real estate. I think that's awesome. Do that. But you and I both know that consumer debt is just crushing, and it stops you from becoming successful.”- George Grombacher
“There's no certainty in the world, we just don't know what's going to happen next. But that really positions you and it gives you a little bit of certainty at least looking backward. And you are more in charge of your cash flow when you have a budget.” - George Grombacher
Connect with George Grombacher:
Connect with Dave Dubeau:
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Mastering Million-Dollar Deals Against All Odds with Steven Butler
Unlocking Financial Freedom at 27 with James Gleeson
Turning Loss into Legacy with Bill Sweeney
The $300K Blueprint - Accelerating from 3 to 18 Units in 2 Years with Philip Ngo
From 0 to $4 Million - Inside the Real Estate Revolution with Yvette Miranda and Lamont Byrd
From Cubicles to Cash Flow to Real Estate Triumph with Mike and Jae Scarpa
Navigating Real Estate from DIY to Remote Investing with Grace Gudenkauf
Unveiling the Dyslexic Investor's Triumph with Darren Wright
Unlocking Virtual Flipping Success with Stephen Mikrut
Triumph in Turmoil with Donna Hook
Unlocking Passive Wealth and Mid-Rise Dreams with Kevin Breitner
From Massage Tables to Real Estate Triumphs with Brittany Byma
Multi-Family Reasons with William Clark
From Rentals to Notes with Jay Redding
From Nursing to Creative Financing, Hear the Journey of a Fearless Investor and Mother of Two with Brittney Krznaric
Mastering 1031 Exchanges, House Hacking, and BRRRing with Cory Winters
A 40-Year Legacy of Entrepreneurship and Investment Wisdom with Paul Montelongo
Unlocking Ajax's Real Estate Goldmine with Nitin Oberoi
Mastering Micro Markets and Hospitality Goldmines with Nancy Dalgard and Dave Billings
The Remarkable Journey from Nightshift to Investor with Rick Suh
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast