The Millionaire Money Mindset (5 Financial Lessons We've Learned)

This episode is all how to cultivate a "Millionaire Money Mindset." Wealthy people look at money differently, and you'll need to change how you view and manage your own finances if you want to join them.

Things kick off with an update from Chase, who just closed a huge deal for his new media company that helped them smash their entire Q4 goal within the first month. Then, the boys share five lessons they've learned on their path to consistently having seven figure years.

Tune in if you want to learn how to "think like a millionaire" and start using money as a point of leverage instead of treating it like a scarce resource that needs to be hoarded.


“They say money can't buy happiness, and that's true, but money really does solve most problems to a degree. If you think about all the problems you have in your life, there is almost certainly a way to pay someone to solve it."

– Mason


WHAT YOU’LL LEARN ABOUT:

• Lifestyle Inflation Is A Good Thing – Lifestyle inflation isn't always bad. If you use your wealth to make your life more comfortable, or to invest in unique and memorable experiences, that's a great investment. 
  
  
• Momentum In Business And Life – We need to accept that life and business are both roller coaster rides – they always involve ups and downs. When you're having a good month, it can be easy to coast, but that's when you need to keep pushing, because it's really hard to get momentum going from a full stop and there's always a down cycle coming right around the corner.
  
  
• Build Your Mental Resilience – Taking the occasional L is part of being a business owner. You can't let it keep you down, though. Use it as fuel to get creative and seek out opportunities to turn a short-term loss into an even bigger long-term win. 
  
  
• Why Settling Is Selfish – A lot of people think it's selfish to try to get right, but the real selfish play is to stop when you have "enough." It's great to take care of your personal needs, but putting a ceiling on your income means you can't invest in the communities and causes who need your support the most.
  
  
• Build Your Team Of Experts – If you want to go fast, go alone. If you want to go far, go together. The sooner you realize it's better to spend the money to pay a subject matter expert instead of managing everything yourself, the sooner you'll unlock your business' true earning potential.

KEY MOMENTS IN THIS EPISODE:

00:00:00 – Introduction
00:04:22 – The Millionaire Money Mindset
00:05:20 – Mindset Hack #1
00:08:55 – Mindset Hack #2
00:12:38 – Mindset Hack #3
00:19:04 – Mindset Hack #4
00:21:30 – Mindset Hack #5
00:27:19 – Closing Thoughts


LIKE, FOLLOW, AND SUBSCRIBE

Subscribe to the show and listen to all our past episodes at www.dimonddownload.com.

Keep up with Chase at…

www.chasedimond.com
www.twitter.com/ecomchasedimond
www.linkedin.com/in/chasedimond

Keep up with Mason at…

www.copymba.com
www.twitter.com/CardinalMason
www.tiktok.com/@cardinalmason

SUPPORT THE PEOPLE WHO SUPPORT US

Podcast production, show notes, and distribution is handled by James Sowers at www.castaway.fm.

Thumbnail design is handled by Steven Baterina at www.creosocial.net.

Transcript

0:00

Mhm. Yeah.

Cardinal Mason: 0:05

And welcome back to the Diamond Download. We got Chase Diamond. We got Cartman Mason over here. Okay, so Chase texted me. He was gonna be a couple minutes late because he was like, yo, I'm on the phone right now. I'm closing this massive deal. And so we hop on here and he was like, yo, let me tell you about this deal. I'm like, no, just start the pod. He's like, no way. Let me just tell you now. So I, I know the numbers. You don't. Chase, can you, what can you share about what literally just happened probably 10 minutes ago before we started the podcast,

Chase Dimond: 0:29

Yeah. So, at noon, so about an hour ago, Jimmy hopped on a call with these SAS guys to, you know, present our kind of final deal to them. And we've been going back and forth on five months, 10 months, 12 months, whatever, and he had just called me right before this, we were going through it. He said, Hey, we got the verbal, we got the green light, we're going to get the contract signed. So we basically closed a five month deal. We're somewhere around mid six figures. And then this morning we had closed the deal for like two months or something. It's a small, a lot smaller package in terms of deliverables, and that was a mid five figure deal. So within our first 30 days of this media company, we've done pretty substantial revenue. We basically hit like our three or six month goal within the first 30 days. So we're pretty happy right now.

Cardinal Mason: 1:17

which is insane. Just so everyone knows, because maybe they missed last week when we talked about it, but this is podcasts that you're dealing with. Jimmy Kim and also a newsletter.

Chase Dimond: 1:27

Yeah, those are the,

Cardinal Mason: 1:27

I helped recently to start this new media company about email, right?

Chase Dimond: 1:31

yeah, those are the primary two. And it's kind of evolved a little bit where, We're also selling a little bit of like his event company sponsorships. And then we're also selling like some influencer stuff. So we kind of have like exclusive agreements with certain influencers now within the e commerce space, where we are basically going to be the kind of sole sales providers or sales pitchers of their kind of ad inventory. So with this really big deal, it's kind of a mix of like digital everything from social posts to newsletter ads to podcast ads to You know, in person, you know, multiple sponsorships at events and also to kind of some influencer management where we're helping them with like distribution and go to market expansion within the U. S. So it's pretty cool.

Cardinal Mason: 2:16

That's awesome, dude. I think yeah, no, because the last time we did a pod, you said that your Q4 goal was to do a month with 100, 000 in revenue. And you flew past that shit and it's like October.

Chase Dimond: 2:27

Yeah. We're, we're stoked, but we're trying to, we're trying to like be really excited, but also be like in the moment, like, all right, next play, next play, we're going to over deliver. But let's sign the next one. Like, it's just, it's just such a thrill.

Cardinal Mason: 2:40

Don't let the momentum go. Like, that's

Chase Dimond: 2:42

exactly. How are you doing though?

Cardinal Mason: 2:45

Well, just real quick on momentum, because it just got me thinking, like, That's sort of like the theme of the last, I want to say 10 days or so that I've had, but a really good last 10 days

Chase Dimond: 2:54

Sick.

Cardinal Mason: 2:55

unreal and I do have a lot of momentum. And a thing that I've done in the past is like, I've always kind of let that go, or it's like, I have like a really good week and then I'm just like. All right, time to chill. You know what I mean? But I don't feel that right now. I feel like I'm just kind of hitting everything at all angles and like nothing can really stop me right now. So like, I'm feeling good. That is basically what I'm trying to say here. My, my last week has been great. Got another, you know, a bunch of cool stuff coming up too. So outside of business, obviously, and within business, but feeling

Chase Dimond: 3:27

did a, a Webby, was that last week? A webinar? In that, was that part of like, kind of the lead up, the webinar and kind of the post webinar? Is that kind of what's made for like the last seven to ten days being a great thing?

Cardinal Mason: 3:39

That's definitely part of it. Just like everything kind of in life, you know, you know, I always talk about the big like health, wealth, life.

Chase Dimond: 3:45

Yeah, yeah.

Cardinal Mason: 3:47

Help spin grade. I got like a bunch of fruit in my fridge I had like a bunch of spoonfuls of pomegranate before this because I heard it boosts testosterone Money's been good. We killed it on the levy

Chase Dimond: 3:57

Sick.

Cardinal Mason: 3:58

And then yeah, just do I've been going out a lot not like getting blasted or anything crazy But like just like being very social like being a little butterfly got a bunch of parties this week probably and just like excited man

Chase Dimond: 4:11

Heck yeah. Dude, well, let's talk about today's topics. What are we talking about today?

Cardinal Mason: 4:15

Okay, so I wanted to give You And this is based on a coaching call that I did yesterday for my inner circle, but it's the, it's five money lessons. And I kind of didn't really tell you much. I kind of just said like, bring two, cause like I got five, but I'll give you three just so we have five total. But I kind of wanted to like talk more to people about kind of like what happens when your, you know, income starts to change. I think you definitely have a lot of people who are more advanced in their career listening to this, where maybe they do make two, three, 500 K a year. You and I have both consistently been in seven figures for the last two or three years and I think there's a big difference. There's also a lot of people that like make they're just starting their journey, so they don't make any money at all. And I think there's a lot that I've learned about making money and having money about life in general. That I've learned over the last like two years and I kind of want to share that stuff

Chase Dimond: 5:06

Yeah, why don't you start? I want you to start so I can kind of follow your lead and kind of where you're taking this.

Cardinal Mason: 5:11

Okay, so the first one that I'll give you is that lifestyle inflation is a good thing. And this is pretty controversial because a lot of people think that lifestyle inflation is terrible and it's like something that plagues Americans and I think that is true. I think that where it's bad is when you are making, let's say, 100k a year for a couple years and then like you're cutting it close where it's like, you know, maybe you're only saving like three to five hundred dollars like after taxes and after all your expenses and everything and you get a raise, you're making 150. And then you start to spend more and that creeps up. And then you just did all of this work to make an extra 50 grand a year. Like you gave yourself a 66 percent raise or you got a raise and then you start to spend more and then it's going to be another, you know, two years until you get anything, any more breathing room again, that's bad. However, we are not on fixed salaries as business owners. We are always able to make more money if you're a lean. You know, agency owner or a freelancer, it's, it's really easy to see jumps in income where it's like maybe one month you're stuck at, you know, you're at 10 K and then something happens where it's like the next month you're at 15 and then the next month you're at like 28 that happened, you know, I mean, I have a student who went from seven K a month to 22 K a month in like three or four months and just bang, bang, bang, just jumped up really fast. And so the reason I think that lifestyle inflation, if you can support it is virtuous is because I feel like a lot of people sort of live these like blank slate lives where it's like everyone kind of drives the same car. Everyone lives in the same sort of apartment or house. Everyone has like the same three hobbies. Everyone kind of has like a clone of one another's lives. And that doesn't mean you have to have any crazy flashy stuff, but it means like, what are you doing to make your environment and your life more custom to you? And as you make more money, you have like a mini putt thing in your backyard. I think that is a perfect example of something that is so you. That makes so much sense for you to have and spend money on. Cause it's like, who else? I don't have many put in my backyard. You know what I mean? But I also, I do have a music studio in my,

Chase Dimond: 7:10

That's sick.

Cardinal Mason: 7:11

in my office over there and I have, you know, a cool car and I, I spend money on, you know, certain, like I've made my life more custom as I've made more money and I feel like that's a thing that you should strive for because you're only here for a short period of time, you might as well, be able to do whatever you want and have what you want in life without consequence or without sorry. Right. Without compromising is what I meant to say. So I think that in general, if you can support it and make more money as you go, lifestyle inflation is a good thing. You should spend more money on your bar.

Chase Dimond: 7:40

Cool, I like that. I'm going to go spend more money. I like that. That's some good advice.

Cardinal Mason: 7:44

Any thoughts or anything?

Chase Dimond: 7:45

No, I like that. It's interesting. Like I, I've definitely, I guess it's been spending more as I've made more, but like nothing flashy. I don't know, you know, as you have more kids and as you have more stuff, things just cost more. So I don't think like I've done like anything crazy compared to like, you know, my, my income increase. But I hear you, right? Like, You want, you want to have enjoyment. You want to have things that are specific or unique to you. You want, it's all about experiences, right? It's not just about things, but like, can you, for example, I know you like to apply private. I've never done that. You know, I've never even flown first class, right? But like that to me isn't that exciting, but for you it is, right? But for me going on like a golf trip somewhere is really exciting and to you might not be. So I think like doing something that's your own unique flair and flavor, kind of like you talked about with me, it's the Putty Green with you, it's the music studio. So I can get behind that one. I like that.

Cardinal Mason: 8:36

What you got?

Chase Dimond: 8:37

What do I got? Yeah, I don't know. I think what I was thinking about is something like really timely. So we just started the podcast talking about how we just closed tons and tons of business and that's really exciting. You know, a couple of weeks ago, there was an income source that I had that, you know, paid me, let's say, low six figures a year consistently, and that income source for the foreseeable future is like, severed, it's cut it's off, it's out of my hands, it wasn't something I was super involved in and it kind of happened for some other people as well within the, let's call it the project so I was like, pretty bummed at first, I was like, dang, this is such a bummer And then I started thinking about like, okay, well, now I just got to think two X bigger or three X bigger to not only replace that, but like to make up for the loss that I felt. And that's really what drove like these deals that we just closed on this new media company was just like, all right, I lost it over here. How can I get resourceful and figure out where to make it up and then some elsewhere. So I think for me, like the biggest mindset thing was like, you know, the temporary loss, but just temporary, you know, for a long time, I think earlier in my career. That would have probably like paralyzed and handicapped me for a long time. Like mood, emotions, kind of outlook, motivation, like, you know, everything momentum. So I think for me, just like being in a position where don't get too sad about the losses and you get excited and celebrate the wins, but only to a point, right? Like this deal, it's hot off the press of an hour ago. Like I'm freaking stoked. But as soon as this calls over. It's like back to work, like, how do we go find the next deal that will get us five or six figures? So I guess for me, that's kind of what I had was just like, in this moment, I really felt this drag. But then, you know, as soon as that happened, I told my wife, Hey, don't worry, I'm gonna make this up. And then some, and it's been like two weeks, right? And now we're in the green. So that was kind of the first thing that was top of mind for me.

Cardinal Mason: 10:25

That's awesome, dude. I think that's such a good one because number one, I think as an entrepreneur, you have to understand that money is up and it's down. It's just the way it is. You know what I mean? I kind of stole that from a Russ song. He has a song called put you on game. I don't know if you know who Russ is, but he has a line that I always think about. It's the money is up and it's down. It's just how it goes. And it's true. And then he also goes on to say, you can't buy a car in a chain if you don't have a home, which I definitely don't agree with, but regardless, I think it is good to show yourself that you're capable of doing that and bouncing back really fast because like, yeah, you're going to have weeks or months in business where like shit sucks. It is what it is. You have, you as the entrepreneur, as the founder, as a moneymaker, have to respond accordingly. You can't just like sit there. It's not a job, you know what I mean? Like, it's all up to you. There's no other people that can help you out. It's only you. And it's good to be able to prove to yourself that you can do that. I think that's super powerful. It's like, it's kind of what adds to your aura, you know what I mean? Like the older business guys that you and I kind of look up to, they, they glow. There's like something about them where it's like, man, that guy's like magnetic. Like, yes, you know, he's wise and he knows what he's doing. He's got a bunch of money and he's super, like he has abundance. But also part of that sort of aura that comes from someone that is super successful is the fact that they've had to do what you just did now. And what I've had to do a handful of times in my career, probably dozens or hundreds of times. They have to save a situation and prove like, okay, I need to come up with a hundred thousand somehow in the next like 72 hours. How am I going to do it? And they pull it off. Like there's, it's crazy. And so I, I think that's a really good one that people need to understand is that number one, it's all up to you. And number two, you never really know where opportunities are going to come from because that felt probably kind of random to you, right?

Chase Dimond: 12:10

Yeah, I was not expecting it. And it's how you recover and how you bounce back. What is the I guess the third one overall, but what's your second one that you have?

Cardinal Mason: 12:18

My second one. Let's go with it. Okay. So I have this belief that settling is selfish. So, how, okay, I don't know about you Chase, but I'm, I consider myself a pretty charitable person. I shouldn't even say this publicly because then I'm just going to get bombarded with this. But like I get a lot of just like people emailing me asking for help for like a certain cause like they'll send me a GoFundMe later or something like that. And I'm usually down to just like, you know, send a couple of bucks just depending on what it is. There's like a classroom in Africa that I sent some money to,

Chase Dimond: 12:54

That's cool.

Cardinal Mason: 12:55

like a thousand dollar goal and I was able to help them hit that. And I think that that's a thing that a lot of people don't really think about when it comes to making money and getting rich. Is like, who can you affect outside of just you? And so like you have your family now, I'm sure when you were like my age or well, now I think you already were married, had a kid in my age, but when you were 23 or 24 and you were just starting your business career, you probably thought like, you know, 15, 20 K a month, 25 K a month, like I'm good, like. I got everything I need. I can get my apartment, I can have a little car if I want. Like I can go out to eat three times a week. Like that's all I need. Therefore, I can kind of relax and stop making money. However, it gets to a point where you now have to take care of. I have not kids or a wife, but I have people in my life that I definitely need to take care of. And if I don't make more money, then they're screwed. And a lot of people settle at that number. Let's just say 20 or 30K a month, because it's like, this is surplus for me. I don't need more, but it's like one day you'll have to take care of other people. And also like, what are you doing to sort of like give back to the community? Like, whether it's local to you or to the world in general. There's a lot of people that can use your help. You scroll TikTok, you see people on live, like, you know, some grandmother who lives in the Middle East who has, like, one eye and is missing an arm. And, like, they're begging for donations on TikTok. It's like, can you afford to, you know, like, change that person's life? I feel like people that sort of sit at a certain level and are like, okay, I'm good here. I don't need to make more than 20K a month. Yeah, for you, maybe, but there's so much that you could do that you're not even thinking about.

Chase Dimond: 14:32

I Like that. Yeah, it's like just broaden the horizon and it's like maybe you don't need it necessarily today But yeah, you need in the future So why don't take advantage of the opportunity one year when you can I think like for the younger people and I guess for Anyone right? It's like before you have the family the wife and the kids and all these the mortgage and all these things It's like Can you double down now and just set yourself up for the future? Like, dude, I'm so happy. I worked so hard and hustled in my early to mid twenties because now, not that I don't work hard, but you know, it's a little bit more kind of on, on my time and all the things I want to do. And I am a huge believer in giving to charitable things and write like all the wealthiest people instead of them, you know, working at a charity themselves, right? They all work to make money, to be able to donate and have funds and have charities and stuff. So, Yeah, I think the more that you can do for yourself and then the excess you can donate or allocate it to others and maybe you have a monthly or a semi annual or an annual kind of budget that you say, Hey, you know, maybe it's a thousand, maybe it's 5, 000, maybe it's 10, 000. You know, anything that comes up, a friend or family member that needs something, you know, if it's something that seems legitimate without getting too much into it, I'm going to donate, right? I'm going to help someone out when I can. Maybe it's going to, you know, the grocery store. And if there's a family that's trying to buy food, they can't afford it. Right? It's like you have that in your fund that you're allocating, right? Every single month or year to, to just help people out. And I know you've talked about this before, like with tipping, right? Like, and you just believe in like the good karma that comes around when you tip, right? Like you just give it out there and the money flows in inter internal and kind of whatnot. I think that's, that makes a lot of sense. And I tried to. I do a quarterly event where I speak and I get paid to speak and every time I do it, I allocate a percentage of that speaking fee to the charity for my Crohn's disease, the Crohn's and Colitis Foundation. So every quarter, you know, at the very least I'm doing that. My friends put on like charity golf tournaments, like I try to do a bunch of the charity golf tournaments because it's like pay to golf and then you pay to also have a charity. It's like a win win.

Cardinal Mason: 16:27

That's awesome. Yeah, I love that. And it, there's also, it's a cause that's like near and dear to you. I don't really have anything like that. I wish I did, but. Yeah, I think like, it definitely helps when you can see the fruit of your labor. Where it's like, Back when I was in school, like they used to make us donate to this charity called United Way. You know, I don't even know what,

Chase Dimond: 16:47

they're a big one.

Cardinal Mason: 16:48

I don't even know what they do. I don't know if they're a good charity. I don't know if they're legit. I don't know if their founder or their CEO makes 50 million a year. No clue. I don't know. And so like, I would, you know, send in like a dollar, 2 or whatever. So we could like wear non uniform clothes at school. And I'd be like, all right, whatever. I did not care. And they'd be like, Oh, we raised all this money. And we'd be like, okay, like this, how does this affect us? But like for tipping specifically, that's why I love it so much because you can literally hand someone money for a job well done and they light up and you see him next time. You know what I mean? Like there's this one, it's so funny you mentioned that because me and Jimmy today, we were at lunch. Jimmy and I both frequent this spot in Miami. I won't even say the name because I don't want people to go there. But there's one server named Derek who like, I don't know how he got himself in the situation, but he's got way too many kids and he like, he works as a server at this restaurant and he makes probably the majority of his money off of Jimmy and I. Jimmy and I both went on dates on Friday. I was with somebody and then Jimmy was with a girl, like his girl and her friend. And between the two of us, this guy made like 2, 000 that night just because he's like good at what he does. And because we love him and he always takes care of us and stuff like that. And that you directly see, you know what I mean? Like his kids are gonna get fed because of that. And, you know, I, it's. I think it's important to be able to see it because it makes you want to do it more.

Chase Dimond: 18:12

Yeah, and you clearly have a lot of pride in it, right? Like it makes you feel really good and someone else feels really good. So it's like this kind of this universal circle of life where everyone feels good as a result. And for you, it's also probably a write off. So it's a win, win, win.

Cardinal Mason: 18:25

Got that one. That was it. But let's hear your other one.

Chase Dimond: 18:29

I think the last one for me, and then I think you had one more I think when it comes to money and stuff, it's like, you can only be so good at so few things, right? Like my wife and my brothers, my family always make fun of me. They're like, dude, you're good at, you're good at email marketing. You're going to social media. And that's kind of about it. You know, I'm going to select a few other things, but there's not a whole lot of things I'm good at, right? I'm not good at taxes. I'm not good at investing. I'm not good at, You know, X, Y, and Z. So I think for me, like I learned the hard way with like making really stupid, bad personal investments just because I thought I was super smart. And I read something like Jim Cramer said, I didn't realize that he was actually a meme. You know, Jim Cramer, the guy on TV that always tells you to buy certain stocks, just because he was on TV when I was younger, I thought he was like a God. Clearly, clearly not from experience, but I think there's no shame in just finding people that do this for a living. Like If I look at like my personal portfolio versus a portfolio that's managed for me, I'm like down big on mine and I'm up big on the other. So I think like the biggest thing for me was just like find good people and let them do their job. And I think that's applicable, right? For anything, for copy MBA, for inner circle, for the businesses I run, it doesn't matter. Like there are people that have certificates and degrees and you know, designations and specific things because they've put in the time and frankly I haven't, right? Like I watched something on TV and like, cool, that sounds great. Let's go put money into it. It's such a stupid idea. So I'm a huge believer in like having financial advisors, having good accountants and having good wealth managers, like let them do their thing, right? Let them share in the upside and let them do their thing. And it's been really cool to see. I've got this one guy, I think I've talked to him before. He's my my wife's cousins and my father in law works with him. He basically does weekly trading for us. And his goal every week is to make half a percent to 1%. And over the past like year and a half or two years of working with him, I've made like 25 or 35 percent on my money each year. And it just keeps growing and just keep giving him more and like, he sends me a text every Friday with like where we're at and like the amount that you made me in a week is the amount that I lost in a, I lose every day on my own stuff. So it's just like, it's crazy.

Cardinal Mason: 20:39

Dude, that's funny. Yeah. No, I firmly believe in like in outsourcing stuff. And I do want to expand on that, but like that was the last point I had. It's very similar. It's not the same, but should I just kind of go into it? And then we can jam on both points at the same time.

Chase Dimond: 20:51

Yeah, please.

Cardinal Mason: 20:53

Okay. So a lot of people will wonder, I've been pretty public with my numbers. Like what I like, what our revenue is. And also kind of what I dig on. Also a fault and a lot of people say like, where the fuck does that money go? Like, how do you even spend that much money? Like a lot of people are like, well, like, you know, if I made 20k a month, that would be all I need because like apartment is 3k, car is a grand a month all in, you know, food is 2k, like where else would the money go? And the amount that like me and my friends and probably YouTube spend on convenience Is ridiculous because money really does solve most problems to a degree, right? There's a lot of things that it can't do. It can't obviously bring back dead people can, you know, treat pretty much any illness. Like you have that over somebody else where it's like somebody who makes a thousand dollars a month or the wrong welfare, like might not be able to get the same healthcare that someone like, you know, Jim Cramer would. Right. And so if you go through and think about all of the problems that you have in your life. There is almost certainly a way to outsource that or spend money so that it doesn't have to exist anymore. And so like, I get my house cleaned on a weekly basis. I spend an exorbitant amount of money on like DoorDash Uber Eats because I don't want to have to go and get food. I buy a new phone like every four to six months just because if it gets, they start getting slow, I'm just going to be pissed off and I just like won't be able to do what I need to do. I won't do my own laundry when I moved here. Like I paid someone to just Like, yes to movie, but also like, I didn't want to pack up my own stuff. I don't want to go through my cupboards and put all my like glasses and boxes and pack it up with papers. I'm not doing that. And then also like, I have other examples that I, I told the, my students yesterday where it's like, Make fun of me for flying private so much, but it's like the rage that I feel in my stomach when I go to check American air and I don't see a flight time that I want from like, let's say LA to Miami. And there's no first class where it's like, I would have to wake up at 4am so I can get to the airport for six and board a 7am flight. I'm not doing that. Going to just get. It just makes more sense. And if we're all thrown in, like it's not negligible, but it's a Amount of money that I'm comfortable spending. I think like, I love outsourcing stuff. I like just gave my EA Abby more responsibility. Like I just gave her

Chase Dimond: 23:18

your tweet about how like having an EA was like the best thing you've ever done. Yeah.

Cardinal Mason: 23:22

yeah. Like I now spend like, she makes way too much money, but it's worth it because like, I don't mind how, like, I don't mind spending it and she does a lot to like get this done, you know what I mean? So I think that outsourcing things as much as you can, is like the key to being able to number one, make more money and number two, like give yourself some quality of life back. And so, yeah, like in your case, more business stuff where it's like, don't do your own taxes. Don't invest your own money. You have someone you trust do that. In my case, it's a lot more personal stuff where it's like, there's just a lot of shit I just don't want to do. You know what I mean? I'm going to hire someone with a BB gun and start picking off all these birds that you keep, do you, we talked about this last time, 50. 50 Hawks, whatever these birds are. I'm just going to hire someone to come and just like fire them all down. I don't want

Chase Dimond: 24:10

yeah, it's every time I see the birds, I see the birds flying dang, that's crazy. Yeah, dude. It's basically like, how do you leverage your time and resources to remove stress? Stress is the worst thing for humans, right? I've just seen like what stress can do, like on someone's body and their health and their mental wellbeing. Yeah. Yeah. Yeah. So it's like whatever you find stressing, like, can you find someone and you don't need to spend, you know, ridiculous amounts of money. I think there's different buckets, but can you find people to take things off your plate? That's within their job description, right? Like I've had awful accountants for years. The one that you introduced me to, he's been fantastic. Like he's been cleaning up so much stuff for me. That's really saved me. And every year tax season is so stressful for me for weeks and months because I always felt like my old lady was doing it wrong, and now he's doing it right. So just paying for people, and it doesn't have to be a lot of money to do things that they are good at and that you're bad at. Just don't have an ego like that's been my whole thing is drop the ego, let people do their job, do yours and get your time back, remove your stress and live a good life, right?

Cardinal Mason: 25:13

a hundred percent. Yeah. Yeah, the wrong hires the wrong way. Personal hires can really mess your life up. The difference between a 300 a year accountant and Adam, who I've probably so far paid like 20 grand this year. Huge difference. Like you get access to different types of people. The difference between a 300 or let's say like a 25 an hour personal trainer versus like a. 150 an hour personal trainer, huge difference. You could, you know, go down the list. Like you just get access to more and better as you go up. So like, yeah, you can do it without spending a ton of money and still outsource that stuff. But like, it doesn't get real and it doesn't get super convenient until like you have someone who's so good that you don't have to micromanage them. You just trust them to do what they do. You know what I mean? Like I want the best in the world for everything. I don't want to have to settle for any of the people in my life, any of the things. I mean, I, like, this is why I fired my interior designer. Like, same sort of thing. I would have used that as an example, but she was not good enough. So I got rid of her. Peace. I hope she sees this. But yeah, man, that is a huge thing. And like, I will continue to spend more on that. I don't need, you know, a crazy apartment. Like this apartment's all right. You know what I mean? It's not, it is technically a penthouse because it's a top floor, but it's not a penthouse. It doesn't have like its own, you know, 3, 000 square foot balcony. I don't need like a fleet of cars. I have like two that I love. I'm good. I will continue to spend money on people and things that can make my life as easy as possible so I can do what I love and maximize my time throughout the day.

Chase Dimond: 26:48

Heck yeah. This was a different episode, but I liked it. This was good. I didn't know where it was going to go, but I liked this one.

Cardinal Mason: 26:53

Yeah, moral of the story is, Chase it's time to get rich. No more, no more playing around, dude. We gotta get you on a PJ sometime in the next 12 months.

Chase Dimond: 27:04

Pokemon's. Okay. Yeah. I'll, I'll, I'll come hop on ears. Once you buy one, I'll come hop on ears.

Cardinal Mason: 27:08

We can go on a little vacation, boys trip.

Chase Dimond: 27:10

Let's do it. Let's do it brother. Well, this was a great one. We'll catch you guys soon.

Cardinal Mason: 27:14

All right, everybody. Thanks for watching. See you guys next Friday. All right. Bye. You