The Multifamily Real Estate Experiment Podcast

MFREE 111 Trailer #1 with Jeremiah (JDew) Dew : Is Being a Saver Really a “Lose” for Your Finances?

Shelon Hutchinson Season 3 Episode 111

Aloha, It’s Shelon "Hutch" Hutchinson here! If you’re enjoying 'The Multifamily Real Estate Experiment' podcast, please like, comment, and share our episodes to help us reach and inspire more people. Thank you for your support!

In this episode, we dive into the world of mindset and leadership, where personal growth meets financial wisdom. Our guest shares how a game-changing moment from Rich Dad Poor Dad helped shift his view on money, and how he learned that the traditional “save your money” advice might actually be holding you back! 🤯💡 He reflects on his own journey, from working for someone to realizing the power of leveraging money for wealth building. It’s all about mindset—how you see the world of money and what you're taught about financial growth. So, do savers really lose? And what does it take to think differently about your financial future? Let’s unpack it together. 🚀💰

 #MindsetShift #WealthBuilding #FinancialFreedom

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hutch@hsquaredcapital.com

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JDew:

Now I'd like to talk to my guests a little bit before we jump into the meat and potato of the podcast, brother. Do you have a favorite real estate quote or mantra that drives you? Or it could be a financial quote. Yeah. Well, I think it's going to be, so for me, it started when I read Kiyosaki's book, Rich Dad, poor Dad. That I was working for. And I was finishing college around that 2006 era. And He was moving up the hill, as they might say, right? So I saw that book on his shelf and I stole it from him. I started reading it and one day I was in the truck with him. I said, while we're moving your stuff I stole this book. I read it. I'm sitting in the cab with him and I need you to explain this. I'm gonna give you the book back, sorry if you were missing it, something like that. He really helped me understand a few things. In that book the idea that you saver, one of the things that Kiyosaki said, savers are losers. I did not understand. I wasn't a spender. Some people might say, Hey, they're savers and they're spenders. Savers are losers. You've got to leverage money. You've got to get money to work for you. You can't just save it. You're losing out to inflation. You're losing out to taxes. You're losing out to what the market can do for you by producing leverage and getting income to come in. I was lost. Savers are losers. What does that mean? Now I understand it, but like that for me, wasn't a crack in the door to be able to realize, man, there's a whole other world out there or something. I must be missing it.'cause my mom told me, save my money. so maybe savers are losers. Yeah, no doubt man.