Human Life Value
Take away:
The importance of doing deep inner work to uncover and let go of limiting beliefs and childhood traumas that may be unconsciously shaping our perspectives, actions, and ability to trust ourselves and others as adults.
Money Learnings:
Michael Isom started working at a local motorcycle dealership when he was in 7th grade, earning $2.25 an hour. He used the money he earned to pay for things he wanted like clothes for school, motorcycle parts, and dating expenses.
In his senior year of high school, he paid his mom $100 per month in rent to help out the family. Michael attributes learning the value of money from his ability to earn it himself and spend it as he wished from a young age. He emphasizes that there is no substitute for allowing kids to earn and spend money themselves to truly understand its value. This was a key financial lesson he learned growing up and something he practiced with his own children as well.
Bio:
Michael Isom has dedicated his life to empowering conversations around production and protection. He passionately believes that we are living during the most extraordinary time in human history. Entrepreneurs are going to create more wealth for themselves and society over the next decade than we did during the entire 20th century.
Michael built the financial firm Vault AIS for you to understand and leverage the principles underlying these economic forces at play.
Co-Author of What Would The Rockefellers Do, Michael speaks across the country inspiring business owners and professionals on The AIS Triangle. A unique system to pay less in tax, safeguard money, access that money along the way, earn interest versus paying it, ensuring money survives from one generation to the other and simplifying personal finance.
Highlights from this episode:
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The importance of allowing children to earn and spend their own money to truly learn the value of a dollar.
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Examining the human life value balance sheet - identifying assets like knowledge, relationships, and values versus liabilities like limiting beliefs and negativity.
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The transformative power of doing deep inner work to uncover childhood traumas and stories that shape our perspectives and actions as adults.
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Finding clarity on our true wants and needs through practices like journaling, meditation, and self-reflection.
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Considering our careers/businesses as our #1 investment where we should take risks and maintain passion, rather than gambling in areas outside our expertise.
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Fulfilling the higher human needs of growth and contribution as a path to true significance.
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Cultivating trust in oneself and gaining diverse experiences, especially in youth, to discover one's area of passion and expertise.
Links:
Richer Soul Life Beyond Money. You got rich, now what? Let’s talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let’s figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It’s about personal freedom!
Thanks for listening!
Some music provided by Junan from Junan Podcast
Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.