Episode 59: Money Mindset & Building Wealth w/Dr. Latifat Akintade

SHOW NOTES:
This week next level entrepreneur Dr. Latifat Akintade and I took the conversation to another level as we chatted about how shifting money mindset is one of the most important aspects of building wealth.
Highlights from the conversation:
Dr. Latifat Akintade
● Mom of three kids, GI Doctor, and Founder of Money Fit MD (https://www.moneyfitmd.com/)
● After experiencing burnout in medicine, she got interested in finances and balancing her mind. After some research and offering budgeting help to friends, she turned her understanding in money and mindset into a career.
Student Loans
● People see student loans as something that they can’t live with and hate, a huge burden. But what if you change your mindset to pay off student loans without being miserable? Think of it as a business investment. If someone walks up to you and says: “I will invest $200,000 in you, and I guarantee you that after 4 years, you will get $200,000 per year”, it doesn’t sound like a curse anymore.
● You don't have to wait to pay off your student loans in order to dream and invest. Get rid of the thought of “I can’t be abundant until...”.
Getting Rid of Money Preconceptions
● There are some common ideas that are unconsciously picked up while we are young. We heard that money is bad, rich people are bad, money is the root of evil. Truth is, wanting money is not bad. But being obsessed with money or letting it change your mindset is bad. However, if you are well grounded in your core values and integrity, abundance won’t be a problem. Parents, you have the opportunity to rewrite your kid’s money story.
Stop Comparisons from Social Media
● Social media creates unrealistic expectations of yourself. Looking at people in their luxury cars, private jets, and yachts can make you forget that they are normal people, and most likely that’s not their real life. Once they put down the phone, they're just as messed up as the rest of us. From time to time, stop the scrolling and keep up the work you’re doing.
Watch your Expenses
● If you’re going to splurge and buy something super nice, go for it! But first, make sure it won’t negatively impact your space (your financial space). If it’s a car, will you be able to keep up with the maintenance costs? If it’s a trip, is it worth the destination and expensive hotel, or are there more economic options with almost the same experience?
● Money is a tool, a tool that will help you to enjoy this world and enhance your life in meaningful ways. Use it wisely.
Catch up with Dr. Latifat by visiting her on her Website
www.moneyfitmd.com
You can also follow her on social media at:
Facebook Page
www.facebook.com/moneyfitmd
Instagram @Moneyfitmd.
Email: [email protected].
Hosted by: Dr. Maiysha Clairborne
Looking for a Coach or Mastermind to Join? Ready to Take Your Career, Business, and Life to the Next Level? If you want to Learn more about Dr. Maiysha's coaching, courses, and masterminds. Visit www.DrMaiysha.com. Choose from of our Free Mini Online Masterclasses on Mindset Mastery, Manifestation, and Next Level Entrepreneurship Right on the Home page to start your journey now.