>> Get The Book (Buy Back Your Time): https://bit.ly/3pCTG78 >> Subscribe to My Newsletter: https://bit.ly/3Every day, you’re making a choice: stay broke or build wealth.And it all comes down to habits.In this episode, I’m breaking down the 9 money habits that keep people stuck and struggling—some I learned the hard way going from broke at 24 to millionaire at 27, and others I’ve seen destroy the finances of people around me.If you’re ready to break free and start building real wealth, start here.
Full Episode
Every day, you choose if you'll be rich or broke in the future, and it all comes down to habits. I'm going to share with you the nine money habits that are keeping you broke. Some of these I learned going from broke at 24 to millionaire at 27, and some are what I've observed in people I know that just can't seem to get ahead. Welcome to the Martell Method.
I went from rehab at 17 to building a hundred million dollar empire and being a Wall Street Journal best-selling author. In this podcast I'll show you exactly how to build a life and business you don't grow to hate. My best-selling book Buy Back Your Time is out now. Grab a copy at buybackyourtime.com or at any of your preferred online retailers.
Starting with habit number one, taking advice from broke people. If they don't have what you want, don't do what they do. You should only get advice from people who are where you wanna be. You would never take workout tips from an overweight fitness coach. Why would you listen to a broke financial advisor? Why would you listen to your parents that have never done the thing you wanna do?
I'm not saying be rude about it. I'm saying be careful who you ask for advice from. So here are the three types of people you should be getting advice from. The first are mentors. These are people who have succeeded in the thing that you wanna go do. There are folks that can act like a guide to the big decisions. See, I always say mentors are the people you turn to instead of your parents.
Number two are coaches, specialists with deep, deep expertise in the area you wanna be successful in. If somebody was an Olympic athlete, you would say, well, who are you coaching with? Based on their ability to help other people just like them get to the Olympics. You wanna find the people that have the blueprint for success to help you get rich. Three is peers, people on a similar journey.
These are ideally people that are like one to two years ahead of you because they'll bring you the certainty that you're making the right decision for what's working in the market today. Everybody else, take their feedback with a grain of salt. I'm not saying plug your ears, but I'm just saying you can listen politely and then ignore their advice.
But bad advice isn't the only thing holding you back. Before we get back to the episode, if you want to jumpstart your week with my top stories and tactics, be sure to subscribe to the Martell Method newsletter. It's where you'll elevate your mindset, fitness, and business in less than five minutes a week. Find it at martellmethod.com.
Which brings us to habit number two, ignoring your bank account. In the early days, I was talking to one of my mentors and he asked me a simple question. He said, what are your numbers right now in the business? And the crazy part was, is I didn't know. And he got pissed. If you want to be a successful business person, you need to focus on your numbers.
You need to know that what you look at will grow. If you don't look at it, if you stick your head in the sand, you get a report once a month, it's not going to work out. See, the more frequently you measure, the less likely you'll get off track. So this is how I keep a good money pulse. Number one, review it daily. Every day, I log into my bank account and I look at my cash.
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