Adam Carroll has spent the last decade studying human behavior, particularly as it relates to leadership and personal finance. He’s an internationally recognized financial literacy expert, a two-time TEDx speaker, and the author of four Amazon best-sellers.
Today, Adam joins the show to share his passion for helping people create financial freedom through unconventional financial strategies. Jonathan and Adam discuss how our relationship with money has changed over the last two decades, what it takes to change financial habits, and the importance of architecting the life you want to live.
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Key Takeaways
01:03 – Jonathan takes a moment to read a five-star review and encourages listeners to leave their own reviews
01:52 – Jonathan introduces today’s guest, Adam Carroll, who joins the show to share his first entrepreneurial memory and what he learned about financial fights from an early age
07:52 – The importance of being on the same financial page as your spouse
12:03 – Adam’s journey to teaching financial literacy
19:05 – How to improve financial literacy through behavioral change
22:19 – Why money is such a difficult subject here in the United States
23:55 – Architecting the life you want to live
26:48 – How our relationship with money has changed in the last twenty years
31:29 – The Shred Method
37:08 – One piece of financial advice to focus on and one thing to absolutely ignore
41:07 – The last thing Adam changed his mind about and one thing he would like others to know about him
Tweetable Quotes
“I remember very distinctly thinking, ‘Well, if I want to make money, I just have to create something of value and that will be how I make money.’ And that’s kinda how I’ve existed over the past couple of decades.” (05:09) (Adam)
“In conversations with some of our clients, when we’re doing money coaching and relationship to money coaching – we’ll often say to people, ‘How much money do you need to feel safe and secure?’ And one partner will give a number and the other one will say, ‘That’s not true. There’s no amount of money that will make you feel safe and secure, because we’ve had that money sitting there for X amount of years and you’re still insecure about money.’ And I think that sort of goes to the very heart of maybe the message that we’re given early on, or an early money memory that was created around money.” (10:53) (Adam)
“We have this mantra. ‘If you do for two years what most people won’t do, you can do for the rest of your life what most people can’t do.’” (13:36) (Adam)
“I truly believe that the single best thing that someone can do that really wants to dial into their own financial literacy is find someone that’s living a life that they aspire to and then go deep on that person’s content.” (19:41) (Adam)
“It’s one of my favorite quotes, ‘Our lives are perfectly engineered for the results that we’re currently getting.’ So, whatever you’re living right now has been the product of the last six or twelve months or five years of decisions that have put you in this place. And if you want to change what the future looks like, just change the decisions you make today.” (26:10) (Adam)
“The two greatest expenses we have in life are taxes and the interest expense on debt.” (34:36) (Adam)
“The way to be financially successful is to make sure your income is always greater than your expenses for as long as humanly possible.” (37:41) (Adam)
Guest Resources
Link to Adam’s Documentary ‘Broke Busted & Disgusted’
Adam’s Books:
The Build a Bigger Life Manifesto
Other Books Mentioned:
Mindful Money Resources
For all the free stuff at Mindful Money: https://mindful.money/resources
To buy Jonathan’s first book – Mindful Money: https://www.amazon.com/Mindful-Money-Practices-Financial-Increasing/dp/1608684369
To buy Jonathan’s second book – Mindful Investing: https://www.amazon.com/Mindful-Investing-Outcome-Greater-Well-Being/dp/1608688763
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For more complex, one on one financial planning and investing support with Jonathan or a member of Jonathan’s team: https://www.epwealth.com/our-team/berkeley/jonathan-deyoe/
Website: https://mindful.money
Jonathan on LinkedIn: https://www.linkedin.com/in/jonathandeyoe
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