Money Alignment with George Grombacher

Property Profits Real Estate Podcast

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:

• Find out how to know if you are going through a negative money mindset so you become aware and take action in the right direction
• Discover about the process of overcoming scarcity mindset so you create abundance and become a successful real estate investor
• Find out how to be financially secure in six months so you end up getting financially prosperous

Resources/Links:

• Website: https://moneyalignmentacademy.com/

Topics Covered:

• 01:04 - The negative money mindset most people have
• 02:29 - What you can do to turn around that limiting money belief
• 04:29 - How to know if you are suffering from a negative money mindset
• 05:11 - Managing debts, getting out of it, and become financially prosperous
• 08:10 - Key points you need to remember about having debts
• 09:27 - Why have a budget
• 10:28 - What a budget is in a nutshell
• 11:29 - A budget guide you can consider
• 12:46 - Why more budget percentage on wants than savings
• 14:15 - Talking about Money Alignment Academy -- what’s it all about

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:

• Website: https://moneyalignmentacademy.com/
• Podcast: https://moneyalignmentacademy.com/lifebloodpodcast/
• Twitter: https://twitter.com/glgrombacher
• Linkedin: https://www.linkedin.com/in/georgegrombacher/
• Facebook: https://www.facebook.com/GLGrombacher/

Connect with Dave Dubeau:

• Podcast: http://www.propertyprofitspodcast.com/
• Website: https://davedubeau.com/home
• Investor Attraction Workshop: http://www.investorattractionworkshop.com/
• Facebook: https://www.facebook.com/thedavedubeau
• LinkedIn: http://linkedin.com/in/davedubeau

Enjoyed the Podcast?

Please subscribe on iTunes for updates