Passion Struck with John R. Miles
Adrian Brambila on 21 Brutal Money Lessons You Need Now | EP 536
Thu, 21 Nov 2024
In this episode of Passion Struck, I sit down with financial expert and entrepreneur Adrian Brambila to dive into the eye-opening lessons from his book, Start Thinking Rich: 21 Harsh Truths to Take You From Broke to Financial Freedom. Adrian shares his no-nonsense approach to building wealth, breaking free from financial struggles, and creating a life of true independence.We explore the brutal realities most people avoid when it comes to money, including the mindset shifts, sacrifices, and actionable steps required to achieve financial freedom. From his humble beginnings earning $27,000 a year to building a multimillion-dollar net worth, Adrian reveals the critical strategies that helped him turn his financial life around—and how you can do the same.Whether you're looking to escape debt, start building wealth, or simply rethink your relationship with money, this episode is packed with insights that will challenge and inspire you to take action. Don’t miss this candid, game-changing conversation about what it really takes to succeed financially.Full show notes and resources: https://passionstruck.com/adrian-brambila-on-21-money-lessons-you-need-now/Sponsors BIOptimizers: This November, BIOptimizers is offering an exclusive Black Friday BLOWOUT! Get discounts on all their amazing products—including Magnesium Breakthrough—plus up to $100 in free gifts. Don’t miss out! Visit https://bioptimizers.com/passion to shop now Mint Mobile: Cut your wireless bill to 15 bucks a month at “MINT MOBILE dot com slash PASSION.” Hims: Regrow your hair before it's too late! Start your free online visit today at Hims.com/PASSIONSTRUCK. Quince: Experience luxury for less with Quince's premium products at radically low prices. Enjoy free shipping and 365-day returns at Quince.com/PASSION. For more information about our sponsors and promo codes, visit: passionstruck.com/dealsIn this episode, you will learn: Mindset Over Money: Being "rich" or "poor" starts in the mind. Adrian reveals how a wealth mindset shapes better financial habits, regardless of your bank balance. Money Scripts: Our beliefs about money often come from our upbringing. Adrian breaks down how subconscious "money scripts" influence financial behaviors. Take Accountability: With 90% of millionaires being self-made, Adrian stresses personal responsibility and taking control of your financial destiny. Time vs. Stuff: "Poor people buy stuff, rich people buy time." Adrian explains how investing in passive income leads to true freedom. Actionable Advice: Name your savings accounts! Adrian shares simple, effective steps to stay focused on your financial goals. Connect with Adrian Brambila: https://adrianbrambila.com/Order Passion StruckUnlock the principles that will transform your life! Order my book, Passion Struck: Twelve Powerful Principles to Unlock Your Purpose and Ignite Your Most Intentional Life. Recognized as a 2024 must-read by the Next Big Idea Club, this book has earned 13 awards, including the Best Business Book and eBook at the International Business Awards. Order your copy today and ignite your journey toward intentional living!Join the Passion Struck Community! Sign up for the Live Intentionally newsletter, where I share exclusive content, actionable advice, and insights to help you ignite your purpose and live your most intentional life. Get access to practical exercises, inspiring stories, and tools designed to help you grow. Learn more and sign up here.Speaking Engagements & Workshops Are you looking to inspire your team, organization, or audience to take intentional action in their lives and careers? I’m available for keynote speaking, workshops, and leadership training on topics such as intentional living, resilience, leadership, and personal growth. Let’s work together to create transformational change. Learn more at johnrmiles.com/speaking.Episode Starter Packs With over 500 episodes, it can be overwhelming to know where to start. We’ve curated Episode Starter Packs based on key themes like leadership, mental health, and personal growth, making it easier for you to dive into the topics you care about. Check them out at passionstruck.com/starterpacks.Catch More Passion Struck My solo episode on How Do You STOP Living in Fear and Letting It CONTROL You? Can’t miss my episode with Jen Bricker-Bauer On: Everything is Possible Watch my episode with Gerry Hussey on How You Lead Yourself to Infinite Potential Discover my interview with Bo Eason on How to Transform Your Lowest Moments My episode with Diego Perez on The Way Forward: From Trauma to Triumph If you enjoyed this episode, please leave us a review! Even one sentence helps. Be sure to include your Twitter or Instagram handle so we can personally thank you!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Chapter 1: What are the key money lessons shared by Adrian Brambila?
There shouldn't be a mystery on how to become rich. It's make money and try to keep making more, live under your means and try to save it, and then invest. And actually, I should clarify invest because I've learned many times that when I say the word invest, it's usually not what the other person on the receiving end says invest.
So I'm just going to keep it simple and say invest boringly and automatically invest. stock market, 401k, diversified portfolio of ETS and index funds that meets your goal or target date funds. And so that's it. Boom. We don't need financial books. If it's that simple, how come we don't do it? It's because of the psychology of how we think.
So if you can first have that belief set that you actually are in control, you can make it happen. The tactics and the strategies become easier and you'll be able to see progress. And that's the best thing we can know is that every day we wake up, And we know we're heading towards the right direction of financial freedom.
Adrian, thank you so much for coming on the show today. If people want to learn more about you, where's the best place for them to go?
Awesome. Thanks for having me, John. Okay. So you could for sure get the book where all books are available at Start Thinking Rich, or it's a special place. It's just for everyone here. And this is a way that we can say thanks. If you go to startthinkingrich.com slash John, that's going to have extra bonuses and resources.
That's just for a way that we can say thanks for all your listeners here and having me on. And it has a link to the book, but again, it's include some like sheets and tools and calculators that you can't get anywhere else. Again, just want to say thank you so much for having me.
Thank you so much, Adrian, and congratulations again on this launch. Thank you. Wow, what an incredible conversation with Adrian Brambilla. Today, we uncovered some of the harsh truths about money and financial freedom and explored how intentional decisions can lead to a life of financial success and purpose.
Adrian's insights, whether it's eliminating debt, mastering investments, or embracing a minimalist lifestyle, show that financial freedom isn't reserved for a select few. It's available to anyone willing to prioritize discipline and consistent action. One thought I'd like to leave you with is this. Your financial freedom begins with one intentional choice.
Maybe it's creating a budget, cutting unnecessary expenses, or finally starting that emergency fund. Whatever step you take, let it be a reminder that small consistent actions compound into life-changing results. Financial independence is a journey and the key is simply to begin.
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Chapter 6: What role does accountability play in achieving financial freedom?
Yes.
Yes. My parents right now are living this. So my parents, even though they're both 62, they're making money from now social security. And then I hired them part-time many years ago, but they invested enough that they're good, they're good. And you know what the big problem is now is that they can't spend their money.
It's because they never, they're still operating from a standpoint of 30, 40 years ago when they had nothing, were super broke and came from worse poverty. So now when you get to this retirement age, here's the problem of waiting till the end. You can't make a switch. In fact, I'm saying crazy things to my parents.
And by the way, this is a joke, but I say this to my parents, say, hey, mom and dad, if you leave me, any money for, in fact, at this rate, it's going to be a lot of money and you leave as inheritance, you know what I'm going to do? Day one, I'm going to donate it to the opposing political party of your choice. I'm saying these crazy things because I want them to spend their money.
And so you do need to live today. You do need to find ways to enjoy and live your rich life. And if you're struggling right now, if you do have high interest credit card debt, It doesn't mean, okay, well, Adrian said I need to live my life. I am going to book that trip, even though financially it doesn't make sense.
No, get glimpses of it until you can get full moments of it, until you can get full days of it, until you can get full weeks of it. Because this is the smart way to do about it. It's true. At the beginning... I quit drinking alcohol. I didn't go out to eat. I didn't buy new clothes. I can list all the sacrifices I did in my early 20s to get ahead. Yeah, it wasn't fun.
I wish I could have gone to those things, but I was saving and investing and trying to put as much money as I could so that one day sooner than later, I would be able to live the life of financial freedom. But I also even back then would do things that I loved. One space and spending money. Coffee is often...
a i feel like the go-to attack on fi of like finance books well if you give up your coffee and that five dollars that you get saved can compound in a rough ira one day that would be millions and i think to me i love coffee one of my favorite things i lived in europe i love going to coffee shops
And so I think if you are someone that's an intentionalist and that cup of coffee is your moment to like enjoy your rich life because this is something you're going to do even once you have financial freedom. It's like enjoying a cup of coffee. For me, it's if I can have a cup of coffee outside somewhere in a city on a patio, it's like that is a rich.
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