Wealth Tactic Rebels
Wealth Tactic Rebels
Kevin M Dumont
WTR Discussion: Kim Ades, How You Can Have a Healthy And Wealthy Mindset
32 minutes Posted Aug 13, 2019 at 12:28 am.
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What’s stopping you? What’s getting in your way of achieving happiness and wealth success? Maybe you blame your luck. Maybe you blame your boss. Maybe you think you don’t deserve it. Maybe you think it’s 1 of hundreds of things outside of your control. The truth is, it’s your mindset. The good news, you can improve your emotional resilience and improve your relationships, happiness, business success and wealth. Join WTR and Kim Ades, President and Founder of Frame of Mind Coaching, as we discuss the importance of your frame of mind and how you can use proven tactics to have a healthy and wealthy mindset.

Ingenious tactics to accumulate wealth, for people who see things differently.

Kim Ades

[email protected]

Frame of Mind Coaching

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Notes:

  • Kevin: Our guest, Kim, founder of Frame of Mind Coaching and super mom
  • Kim: Always interested in leaders and what separates leaders and top performers for the rest of the world
  • Years ago was a serial entrepreneur, owned software company that build assessments that helped companies make better hiring decisions
    • This was before assessments were popular
  • When looking to hire people, what should you be looking at to predict their performance
    • Tested thousands of people
    • Key characteristic that was most effective: emotional resilience
  • Emotional resilience is a person’s ability to bounce back from adversity with speed and agility, and even turn that adversity into an advantage
  • Sold that company and got hired as VP of marketing for coaching company
    • Their mandate was to help people live extraordinary lives
      • That’s for me!
  • How they coached:
    • Helped business leaders create business plans with several manageable components
    • On weekly or bi-weekly basis their coach would hold them accountable
  • Something bothered me about that
    • People know how to create plans, but what is stopping them from executing the plan? What’s stopping them? What’s getting in their way?
    • Why do people struggle with weight loss?
    • Why do people struggle to become wealthy?
    • What’s really going on? What’s at play
  • It’s not that people don’t know what they need to do. It’s something is interfering with their ability to get it done
  • It has to do with:
    • Their upbringing
    • Their perspective
    • What they think they are capable of
    • What they think they deserve
    • It really has to do with their emotional resilience
  • If I can create a coaching company that helps people build up their emotional resilience, handle difficulties when difficulties happen, now I’m setting people up for success. Rather than managing their actions, I’m helping them handle life. I decided I can do this a little bit better. So I created Frame of Mind Coaching 15 years ago
  • Some of the best ideas are born from that, “I think I can do something better.”
  • Kevin: Speaking of mindset, my Son has ADHD. Because today we understand mindset of kids with ADHD schools can gear curriculum, teachers can be geared towards child’s learning. I struggled in school because no one know about this. But now my son does not struggle.
  • Kim; While we’ve made some strides in education, we are eons away from where we could be.
  • Truth is, a lot of the way school is structured is not aligned with the way people learn best. It’s not engaging students
  • When you look at what’s wrong with school:
    • We’re not
      • Engaging students
      • Relevant
      • Hands on
      • “sticky”
      • Teaching them things that they will use so readily
  • But I could talk for hours about this. It’s a whole ‘nother subject
  • Kevin: talk more about how mindset of people can keep them stuck in a position and not achieve their true success
  • Kim: Whatever your life situation is, that’s a function of your thinking.
  • some listening may be thinking “well that’s not true.”
    • It’s not my fault I’m in this situation. I just grew up in this situation.
  • Yes. But it’s your thinking that kept you there.
  • Your life as you see it is a reflection of your thinking, what you believe to be possible
  • If you think it’s impossible to be wealthy, you’re right
  • If you think wealthy people are self-absorbed, selfish and greedy, who wants to be that. So that ideology is keeping you away from wealth.
  • So the way you think about money is reflected in the money you have
  • Where does that come from?
  • Growing up, your parents gave you some ideologies of how they felt about money.
  • You may have accepted or rejected it, but your philosophy of money started there
  • Then you were exposed to other people. You looked at what they had and how they had it. You came up with your perspective on wealth that is reflected in what you have today.
  • So how you think will effect what you achieve. Doesn’t matter if it’s in the area of money, work relationships etc, the way you think is directly responsible for what you achieve
  • Kevin: the mind is a powerful tool
  • When I was younger, teacher said whatever you think, what you project, that’s what will happen. That’s what will become
  • Kim: That’s right
  • We say it like this, “what you focus on, grows.”
  • What we tend to do is collect evidence to support that belief
    • If you think life is hard and wealth is hard to come by
      • You see, here’s another bill
      • You see, this guy is making it but not me
      • You see, This guy got a promotion and I didn’t
      • You see, here’s another sale I didn’t get
      • You see, here’s a bunch of expenses I didn’t expect
      • You see, life is hard for me
  • It’s not placing blame.
    • It’s like if I said most cars are white. Now you start noticing white cars when you weren’t thinking of it before. There aren’t more white cars than other cars. But because you’re looking for them, you believe it to be true.
  • Kevin: Mind sees in pictures
  • Kim: the mind sees in pictures and plays tricks on you
  • We talked about risk. A lot of people miss asses risk because it plays tricks on you
  • A lot of people way they would rather die than speak publicly.
  • Truth is there’s no risk at all
  • Yet we perceive it that way
  • Do you want to give that example of risk from earlier about buying a car?
  • Kevin: There’s 2 ways to pay for a car, use your money or use someone else’s money (a loan)
  • Something could happen and you could lose the car.
  • If you used your money, now you’re out the money and the car