Timidity about Wealth Is it ok to accumulate LOTS of money??? The Guilt of having money.

ABOUT THIS EPISODE

Is it OK to have money? Bestselling author and financial planning expert John Browning says, "Yes!" and explains why. If you've ever struggled with this issue, you'll find help from John's perspective.

... a relaxed and unedited conversation with financial expert John Browning. John's the founder of Guardian Rock Wealth, with offices in Hawaii, Colorado and Illinois. John's also the author of the book build a life, not a portfolio, a guide to your financial future based on your personal values, which you can purchase on Amazon, or stay around to the end of today's show and I'll tell you how to get a freak copy mild right to your door. I'm Michael Dlan, your host for the next few minutes as we chat with financial expert, business owner and author John Browning. Well, good afternoon, John Browning. How's your day going today, sir, going fantastic. Wouldn't be any better if I were a butcher's dog. I just thought I'd say something. You know, get your ABS track. You did, because I don't think I've ever heard that one. A butcher's dog very go. Okay, well, let's talk about you know, Butcher's dog is not very timid when those meat things come off the table. But what what we're timidity comes in many times, John. I'd like that segue. I used to be in radio. It's very timidity around around wealth and wealth accumulation and okay, John, to accumulate well, to have lots of money. Is that okay? I want to talk about that and and some of the, I guess, guilt feelings that some people may have if if they have lots of money, kind of coming off the conversation we just had last episode about peer pressure and in different relatives asking for money because you've got it, is it wrong for you to have it? See, this is a this is a great question and I've been in a lot of different debates on, you know, number one, whether or not it's okay to have a lot of money, and number two is is what you do with the resources that you've been getting. Absolutely so...

...the bottom line for me, and of course this is just my opinion, is is it okay to have money? Will? Of course it is. To me it's it's absolutely okay, and I think there's some great examples of that. If you look, if you even look to the Bible. Solomon, richest man whoever lived in the Bible, had anything and everything that he ever could want and he enjoyed that. Yeah, and God blessed him with that. King David, he lived for a big part of his life as essentially a pauper. And do you think that he was not rich when he was being I am guessing that is not true, right. HOW ABOUT JOE? Yeah, blessed beyond measure, had it taken away and then blessed beyond what he was blessed with before. Yes, after that, and and clearly you can see that he enjoyed that. Well, Hey, Dad, I think that when people begin to feel feel guilty about how much money they have, first of all statement take a step back and say, is that me feeling guilty about it, or is it other people inflicting, and I call that inflicting on purpose, inflicting their guilt or their feelings on the individual, right and whichever way that go. So if it's really you feeling guilty that you have, you know, too much money, great problem to have, right, then I think you can go back and examine your values, and we talked about that in the book. Build your life, not a portfolio. Chapter three is how do you determine your values? And there's a whole process that we go through to help people identify their values, because that what I find is that a lot of people think they know their values, but...

...they haven't sat down, stood around whatever, walked around, really spent good, quality, solid times figuring out and being honest with themselves and others about what their true values really are. And again, we've got a whole process with this and I don't think you can do this by yourself. It's yeah, it's really hard because, and that's one of the beautiful things you do, is you ask lots of questions, you get to know your clients, but you ask those questions. A lot of times we won't even think to ask right and and a lot of it around this. I know one thing that my wife and I have tried to do is, as we've accumulated our fortunes, John, yes, absolutely, but but to purposefully, as we accumulate wealth and variety of what is, to purposefully give more of it away, because that's one of our values. I'm not trying to a mass million so that someday maybe when I die, somebody will get it. I'm trying to give it away now and what that does is it it got burns me in my heart to go well, if I'm prospering, I'm going to give more, which is really my joy exactly exactly. There's it's it requires in order to determine your values. It really does require, I think, even an independent third party, not even your spouse necessarily. Yeah, because again asking the hard question and then re asking the hard question. If you've ever seen Tony Robbins, Yep, have you ever seen him call somebody out on the audience? And he is brutal. He is just rutal, you know, because he calls them on the carpet and they'll say something that they feel that they should say, but it's not really what they believe. And I all do that. I think the most frequent person that I lie to is myself, myself exactly, and because I feel like, well, I feel...

...guilty about giving that answer. Well not. If not, if that's the right answer, that's right. Well, and a very wise man once told me. Come, John Brownie, I'm pretty sure it was you who said you, when you talk to a client, you asked them like the question why, you know, four or five times. I'm thinking, well, in that, Tony Robbins, and you learned it well, but that's how you get down to those those bottom roots, and we get rid of all the as I call him Sunday school answers. Okay, tell me how you really feel. Why do you why? Why is that important to you? Why? And so you're really good at that. So, and that's part of the process of determining your values so that you don't have you can eliminate the gilt feelings or the oppression, because I think too many times, John, and you can speak to this, is we look at TV shows or movies or media or whatever, and it seems like the rich people are always doing bad things and we don't have a lot of models of wealthy believers who are doing great things with me. I don't know why, but is that part of the the internal dialog as people feel that well, if I get lots of money, I'm going to become this bad person, because that's all I see. Is that part of the thing you think? I think. I think that's part of it, and I also think that whole thing, and we talked about this on a previous podcast, about peer pressure, even like you go to church, Right, Oh, oh, you're you, you're rich. You shouldn't be rich. Everybody who's a Christian should be you know, should be pulled. Yeah, you know. I mean there there is a large group out there the truly believes that and I just don't happen to hold that amen on that, brother. And you know, there's a there's a lot of actually, I think, and I won't get on my soapbox too much here, reasons why I don't think that. One of the things we do is we actually work with not for profit organizations. Yeah, and when there are clients, one of the things we talked to them about is, Hey, what if you could spend more time and more resources doing what your ministry is and what you're called to do, rather than every year,...

...every day you wake up, how am I going to get more funding? Yeah, well, if you work from an endowment perspective, you can self fund the whole organization or you can possibly so, you know, self fun a part of it, whatever you decide to do, whatever it's right for that organization from and having that type of mindset can truly change. Okay, I'm going to get crazier, change the world. Well, it it really can. And that's funny that you mention that, because really what we're talking about here is is it okay to have wealth and the guilt feelings. It's a lot about the mindset and I know you talked a lot about that, but it's how we think between our ears that impacts everything else, and that's why having you in my corner and and having you ask those hard questions help me understanding get my thinking right, and then having you there to call you, because too many times, once you're thinking's right, you'll start drifting right, and that's that's why it's important to have somebody like John Browning in your corner to help you, as Zig zigler would say, to get rid of your stink and thinking. All right, I remembered ZIG Zigler. Oh, I like. Yeah, I still I still listen to some of it, adding to see you at the top and see you over the top. And Anyway, yeah, he was a great guy, but he had a lot of money. The Dude was super, super successful, right, but he was just a genuine country boy and and I think that's that's the whole deal, is making sure that the phrase I heard years ago, and I I'll slaughter and I'm sure, is it's okay to get a lot of money as long as that money doesn't get ahold of you or something like that. Right, we just want to be conduits. I just want to take it from one place to another and if I if I have a bigger house or a nicer car along the way, that's okay. But it's you can't do...

...a lot if you don't have money. So right, it's okay. Yeah, not having money does take away your choices. And if that's okay with you, you know if your Mother Teresa get a great example or somebody like that, and that's right for you. Yeah, but mother Theresa to rely on other people who were frankly wealthy, who had money. That's right. Yeah, and and yeah, I don't see anybody taking a vow of poverty, right, or very few people, very few, right. Yeah, yeah, that's good. So that that's interesting. So commidity around wealth. Is it okay to accumulate lots of money? Yes, because there are lots of things you can do to impact the world. You can give it away the nonprofits, you can fun things, you can give it to your kids a later, you can do all kinds of things. I'm at with a business owner. Number of years ago, John and his business, for a variety of reasons, really took off. Made Lots of money. They bought a lake house or something, and he's like, yeah, we have marriage cheats up there with our faint, with our church. We let people go use our cabin all the time and he's like, you know, and I given your I might be up there three weekends a year. It's used every weekend. And I thought, now that is just really cool. He couldn't do that if he didn't have money. So it's not the fact that you have or have money, it's the fact of what you do with it. And all right, we can address this here because we got a couple of moments. Too many times people think rich people are the green ones. They can be, but I've also been around a lot of poor people who have a gree mentality as well. Thoughts on that. I would say my experience has been that on the averages in this is not stereotyping, but people who are quote unquote for don't have a lot of money have that greed mindset. They always are looking for how they can keep more, yeah, and not...

...how they can give more because they don't have it. All right and and so well, if I get it, I'm going to hold onto it. And a lot of wealthy people, yes, there are definitely something that are that are greeting and just want to get, get, get, but what I find is that people who are wealthy are much more willing to hell, but they're also tend to be careful, right wise, about how they help and they have and they don't just run off. And there's I met somebody really interesting who does analysis for mission organizations, because so many times as missionaries go out and they do a mission group, say a teenage group or whatever, and they say we're going to go build a house for some poor people and xaysing country and they go and they build this house. Did they want that house? Didn't they need that house, or did they need something else, like a lot differently, and a lot of times they don't take the time to analyze that. Well, this, this one lady, actually did that for missionary organizations and did the analysis on whether or not it really made sense to do what they were thinking of doing and maybe they should do something else. So they're wise with their gibbing. That's good, that's good. Times makes of them seem greedy because they don't just here's, here's x number of dollars. They say, well, let's talk about this first. How is it going to be used? Why is it going to be used? That one. It's right, that's right. Yeah, and that's all good and it's it all comes back down to the thinking that we talked about earlier, because people who don't have money think a lot about money, some people who have lots of money think a lot about money, and I think the middle ground is, whether you have it or not, is to is to think less about money and just think more about the person you are and what are you doing with the money you have? Forget about accumulating more, in...

...a sense, right, but you don't let it control you. I think is the bottom line. But that's a mentality. It's a hard issue. That comes from values. Chapter what one of your book, I think after three. Yeah, Chapter Three of your book. Yeah, build a life, not a portfolio. This is all about building a life and when you build a life on the right values, after too. Sorry, I was wrong. Ch Chapter to just get a copy of John's but read the whole thing and you'll get you'll understand what we're talking about. And White's so hard to know which chapter because he's got so much great information, great content in that book that you can buy on Amazoncom, but you can get a free copy if you just go to Guardian rockwealthcom and reach out to John. He'd be happy to give you a copy of his book. You can schedule a call with them and talk about things like this, because, as this much more than just building a portfolio, John's going to help you really build a life. What are you? What's your life now, in the next few years and during retirement? What's Your Life? What do you want it to look like? That's what John Does. He helps you understand your values and he's just brilliant at asking great questions and Instruction Things Right Way. So, John, thanks for another great episode of Your podcast helping this understand that it is okay to accumulate wealth. Great, let's see you next time. All right, a Boddy, take care. All right, money really is a big part of our lives, and John Browning can help you and your family learn how to keep money in the proper perspective. It's important, but it's only a tool that can help you build the life that you want. If you like, John Emilie a free copy of his book build a life, not a portfolio. Go to John's website, Guardian rockwealthcom, and click the contact to US link and send your request John Will Mell a copy of his book right to your door absolutely free. Thanks for listening to building your life podcast with John Browning. Be Sure to subscribe to this podcast so each new episode will be sent to you automatically when it's released. Have a terrific day.

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