“We don’t do what we know we should with money, we do what we’ve practiced,” explains today’s guest Heather Wagenhals, TV host, author, speaker, financial wizard and race car driver, who can spot a poser from a mile away. She joins the Bart Baggett show to explain that becoming wealthy starts with telling yourself a different story about money. Our upbringing, she says, shapes the way we view wealth and success, and only when we see a different example modeled for us, do we dare to think and act differently.
As part of her Keys to Riches Financial Philosophy, Heather offers the Three Five Financial Strategy, in which clients address three questions and five areas of concern to determine their own vision of financial freedom—and everyone will have a different answer. Heather and Bart discuss getting rich both quickly and slowly, striking a balance between safety and risk, and between following your passions and taking a job that pays the bills.
Finding that passion and purpose is key to motivating us to change as the brain is lazy, risk averse and designed to keep us safe. Heather explains the power of our hearts and our desire as humans to connect with each other. She talks about choosing a positive mindset, emotional regulation, and changing our reality by telling ourselves a different story.
In an episode full of surprising revelations, Heather will reveal what truly separates billionaires from the average person and the essential benefits of the oft-maligned cortisol hormone, while Bart reveals the simple handwriting technique to help you become immune to other peoples’ opinions.
Quotes
- “Yeah, go start a podcast. Go be a comedian. Go do the things that you wouldn't do. If that's all you had to do, and it was success or failure, you have the foundation. That's such good advice, because these days it's all get rich quick, or it's really boring advice to live below your means and invest. And for anyone under 35 that feels like an eternity.” (4:15 | Heather Wagenhals and Bart Baggett)
- “If people just take baby steps. Thirty grand to somebody who’s never made 30 grand in a year, it’s a huge risk. They can’t connect to it. Incremental wealth has to happen because we have to raise our financial thermostats.” (7:11| Heather Wagenhals)
- “So many people, especially new money, are so motivated by social proof. They want other people to respect them at the cost of their future. When I see these 25-year-olds with Ferraris and stuff, and I think, ‘Oh man, that guy's heading for a crash. Do you feel that way? Well, absolutely, because acceptance, we crave it at a cellular level. In my women's development programs and personal empowerment programs, we talk about how we crave connection at a cellular level. If you've ever–and I remember this from fourth grade health class–if you look at heart cells, have you ever seen live heart cells?” (12:13 | Bart Baggett and Heather Wagenhals)
- “I don't know many people that own a $300,000 race car, and who's smart and funny and I've never seen you in a bad mood, those are life skills that people want to learn. Forget the race car, just getting up early and having all these great friends. How do you do that consistently?” (25:59 | Bart Baggett)
Links
Learn more and subscribe to the Bart Baggett’s Show The World’s Most Interesting People Fan Weekly Newsletter at https://thebartshow.com
Connect with Heather Wagenhals
https://heatherwagenhals.com/
https://unlockyourwealth.com/
https://www.instagram.com/makingsuccesssimple/
https://www.tiktok.com/@unlockyourwealth
http://makingsuccesssimple.com/
Connect with Bart Baggett
https://instagram.com/bartbaggett
https://www.instagram.com/bartshowpodcast/
https://www.youtube.com/@bartshowpodcast
https://bartbaggett.com
https://www.tiktok.com/@bartbaggett
https://x.com/bartbaggett
Podcast production and show notes provided by HiveCast.fm
