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    Robin Sharma: #1 Way To Live A Rich Life & How To Change Your Money Mindset

    Reflect on unique values, mindset, and habits to build a personal guidebook for self-reflection and identity. Rewire relationship with money by recognizing its importance and limitations.

    enApril 08, 2024

    About this Episode

    What is the #1 way to live a rich life?

    How can changing your money mindset impact your life?

    Robin Sharma is a globally respected humanitarian who, for over a quarter of a century, has been devoted to helping human beings realize their native gifts. Widely considered one of the top leadership and personal mastery experts and speakers in the world, his clients include NASA, Yale University, and the Young Presidents' Organization. His #1 international bestsellers such as The Everyday Hero Manifesto, The 5AM Club, The Monk Who Sold His Ferrari, and Who Will Cry When You Die? have sold millions of copies in over ninety-two languages and dialects; making him one of the most widely read authors in the world. 

    Robin shares his wisdom on the significance of releasing resentment and redefining our relationship with wealth. He also talks about exploring the essential daily practices that promise personal growth, the complexities, and at the same time, the benefits of altering our social circles, and provides insights into nurturing a healthy relationship with money. Jay and Robin unpack the pivotal role of rest in our daily routine and productivity, and how to break free from the chains of multi-generational cultural norms.  

    In this interview you'll learn:

    How to release resentment

    How to treat money as a tool

    How to rest properly

    How to cultivate great friendships

    The daily practices to transform yourself

    Whether you're seeking to overcome generational patterns or find peace in solitude, this episode is your guide to a more fulfilled and intentional life.

    With Love and Gratitude,

    Jay Shetty

    What We Discuss:

    00:00 Intro

    04:26 Don’t Be A Resentment Collector

    08:47 Money Is Your Servant, Not Your Master

    12:33 When Are We Happiest?

    15:01 Where Do We Start?

    19:12 3 Daily Practices to Transform You

    23:37 2 Reasons Why We Can’t Change Our Circle

    27:06 Joy Is A Great GPS

    28:28 Why Rest Is A Necessity

    34:35 Breaking Multi-Generational Culture

    41:07 Why You Need to Spend Alone Time 

    43:00 Rewire Your Relationships With Money

    45:35 There Is A Time For Every Season

    48:22 What Are Scarcity Scars?

    54:13 What Is A Great Friend?

    57:10 Don’t Confuse Kindness With Weakness

    01:00:33 Someone’s Victory Is Your Possibility

    Episode Resources:

    See omnystudio.com/listener for privacy information.

    🔑 Key Takeaways

    • Discover podcasts for different age groups and interests, including The Bright Side, Stories for Kids, Bedtime History, and On Purpose. Subscribe for easy access to content and enjoy educational and entertaining episodes.
    • Focus on personal growth, forgive and let go of resentments, and climb the right mountain for a fulfilling life.
    • Wealth should enhance life, not define it. Focus on relationships, growth, and wellness for true fulfillment.
    • Identify healthy ambition sources, overcome fears, and take the first step towards your goals for genuine happiness
    • Acknowledging life's impermanence and vulnerability can inspire us to live fully and address difficult conversations, losses, and sleep issues.
    • Practicing meditation, visualization, prayer, writing a positive self-affirming paragraph, and choosing a supportive social circle daily can lead to significant improvements in our lives over time.
    • Consider limiting interactions with those who hinder growth, embrace change for personal growth, and find joy in enriching relationships and work.
    • Embrace work as a source of joy, fulfillment, and personal growth. View it as a craft to master, an opportunity to serve others, and a means to change lives.
    • Focus on personal growth and mastery, even when it goes against cultural norms, and create beautiful work for the joy it brings, not just for external validation.
    • Seek inspiration, learn from experts, and be kind to oneself to live authentically and remember our inherent genius. Listen to podcasts like Jay Shetty's 'On Purpose,' David Eagleman's 'Inner Cosmos,' and Debbie Brown's 'Deeply Well' for valuable insights and tools.
    • Reflect on unique values, mindset, and habits to build a personal guidebook for self-reflection and identity. Rewire relationship with money by recognizing its importance and limitations.
    • Find balance in love, family, health, wellness, career, spirituality, personal growth, and social connections. Don't let the pursuit of wealth overshadow these areas and challenge limiting beliefs to fully embrace success and happiness.
    • Instead of waiting for a living mentor, learn from the insights of those who have come before by reading their books and applying their lessons to your own life
    • Focusing on deep connections and mastering a few key areas can lead to more impactful results than spreading ourselves too thin. Being kind doesn't mean being a doormat, and finding balance is crucial. Minimalism allows us to focus on creating something of great value.
    • Focus on making each day meaningful and filled with joy, and view others' successes as examples of possibility instead of threats.
    • Instead of comparing ourselves to others, focus on mastering a few key habits for deep impact and work through feelings of jealousy for personal growth

    📝 Podcast Summary

    Exploring various podcasts for education and entertainment

    There are various podcasts available to cater to different age groups and interests, providing educational and entertaining content. Danielle Robey and Simone Boyce introduce The Bright Side, a daily podcast focusing on culture, trends, and inspiration. Elliot shares his experience from the Stories for Kids by Lingo Kids podcast, which makes learning fun. For parents, Bedtime History offers relaxing history stories with inspirational messages. Robin Sharma, a best-selling author and leadership expert, discusses the importance of balancing ambition with detachment. Unsubscribed viewers and listeners make up 79.4% of the audience, emphasizing the importance of subscribing for easy access to content. Robin Sharma, a frequent guest on the On Purpose podcast, shares insights from his new book, The Wealth Money Can't Buy, emphasizing the importance of habits that enrich our lives beyond material wealth.

    Living a rich life is about more than just wealth, it's about growth, giving, relationships, career, health, spirituality, and recreation.

    According to Robin Sharma, living a rich and fulfilling life is not just about accumulating wealth in the form of money, but also in the areas of growth, giving, relationships, career, health, spirituality, and recreation. A key habit to avoid in this pursuit is being a "resentment collector," which means holding onto grudges and hurts instead of processing and forgiving. Sharma emphasizes the importance of self-improvement, forgiveness, and letting go of resentments to build intimacy with our creativity, get to know ourselves better, and become the best version of ourselves. He encourages us to focus on climbing the right mountain in life, which may not always be the one with the most financial rewards, but the one that brings us the most personal growth and fulfillment.

    See wealth as a servant, not a master

    Wealth, including money, should be seen as a servant rather than a master. It's essential to find a balance between seeking wealth and not being defined by it. Money can provide material comforts, but true fulfillment comes from within. The speaker emphasizes the importance of other forms of wealth, such as family, growth, and wellness, and encourages forming deep connections with loved ones and having a few close friends. To avoid attachment to wealth and material possessions, one must focus on progress and not let achievements define self-worth. The concept of the "10,000 Dinners Rule" highlights the importance of long-term relationships built on shared experiences and mutual respect. In essence, wealth should be used to enhance life, but not be the sole source of happiness or identity.

    Pursuing passions for true happiness

    True happiness comes from materializing our primal gifts and pursuing our passions, rather than just resting or chasing wealth. Ambition is not inherently bad, but it's essential to identify the root of our motivations. If we're driven by a desire to create, serve, or push magic into the world, then our ambition is healthy. However, if we're motivated by a need for validation, applause, or to make up for low self-esteem, then our ambition may be unhealthy. The internal nature of ambition makes it difficult for others to truly understand, and fear of rejection, lack of validation, or failure can prevent us from starting. But, as the speaker emphasizes, the greatest monuments and achievements started with the first step, so it's essential to take that first step despite our fears and the shortness of life.

    Embracing vulnerability and acknowledging mortality for a meaningful life

    Acknowledging the shortness of life and embracing vulnerability can lead to living more meaningfully. Megan Devine, host of "It's Okay, That You're Not Okay," encourages us to remember our mortality as a source of inspiration, not an apology. She emphasizes the importance of living each day to the fullest and not taking ourselves too seriously. Similarly, Dr. Joy Hart and Bradford, hosts of "Therapy for Black Girls," discuss the importance of addressing the often invisible losses and difficult conversations that shape our lives. Kathryn Nikolai, host of "Nothing Much Happens, Bedtime Stories to Help You Sleep," encourages listeners to find comfort in bedtime stories and sleep-inducing techniques to improve sleep quality. Across these podcasts, the common thread is the importance of acknowledging discomfort, failure, and vulnerability as part of the human experience.

    Daily practices for personal growth

    Implementing small daily practices, such as meditation, visualization, and prayer (MVP), writing a positive self-affirming paragraph (pre-performance paragraph), and consciously choosing our social circle, can lead to significant improvements in our lives over time. These practices help us become more resilient, positive, and aligned with our goals. Additionally, our social circle significantly influences who we become, so it's essential to surround ourselves with supportive and positive individuals. The struggle to change our social circle can stem from emotional attachment, but recognizing the reason, season, or lifetime nature of certain relationships can help us make intentional choices for our personal growth.

    Evaluate people in your life for positive growth

    It's important to evaluate the people in our lives and consider if they are contributing positively to our personal growth. Some people may bring us down or hinder our progress, and it may be necessary to limit our interaction with them or even let them go. Change can be uncomfortable, but the discomfort of growth is less dangerous than the illusion of security. It's also important to remember that we are not just surrounded by people who help us grow, but also those we give to. Our community and our craft are forms of wealth, and we should strive to find joy in the people and work that enrich our lives. Ultimately, we have the power to shape our lives and live in a way that brings us joy and fulfillment.

    Seeing work as a craft and a chance for mastery

    Work is not just a means to earn a living, but a source of joy, fulfillment, and personal growth. The speaker emphasizes the importance of seeing one's work as a craft and a chance to pursue mastery, serve others, and change lives. He shares his own experience of putting in great effort into writing his book and the sense of pride and fulfillment he gained from it. The speaker also encourages looking at various types of work, from a taxi driver's meticulous attention to detail to a Disneyland tour guide's passion and knowledge, as opportunities to build intimacy with our mastery and find immense satisfaction. Ultimately, the speaker suggests that work can be a form of wealth that enriches our lives beyond just financial means.

    Embrace your inner explorer and magician

    It's essential to focus on creating masterpieces rather than settling for mediocrity, even when it seems countercultural. The speaker drew inspiration from a young tour guide named Lexi who embodied passion and expertise in her work. They shared a profound connection, and the speaker encouraged Lexi to continue pursuing her craft with dedication. The speaker also reflected on the importance of breaking generational cycles and focusing on personal growth, rather than conforming to societal expectations. They encouraged embracing one's inner explorer and magician, creating beautiful work for the joy it brings, and not seeking external validation as the primary motivation. The speaker drew inspiration from artists like Vincent Van Gogh and J.D. Salinger, who created masterpieces despite little recognition or financial success. In essence, the key takeaway is to pursue personal growth and mastery, even when it goes against the cultural norm.

    Living Authentically: Daily Growth and Overcoming Forgetfulness

    Living an authentic life and discovering one's true potential involves daily growth in various aspects of life, such as wellness, family, craft, money, community, adventure, and service. However, societal pressures and external influences can cause us to forget our inherent genius and live in pain without realizing it. To overcome this, it's essential to seek inspiration from real-life stories, learn from experts, and be kind to ourselves. Additionally, understanding our brains and experiences better can help us navigate our lives and realities more effectively. Through podcasts like Jay Shetty's "On Purpose," David Eagleman's "Inner Cosmos," and Debbie Brown's "Deeply Well," we can gain valuable insights and tools to live as our highest selves and make positive changes in our lives and communities.

    Creating a personal 'book of values'

    Creating a personal "book of values" can serve as a powerful tool for self-reflection and identity. This could be a physical journal or a personal project, carrying your unique values, mindset, and habits. The idea is inspired by the concept of carrying a guidebook that represents you and reminds you of who you are when you forget. Additionally, rewiring our relationship with money starts with self-awareness. Understanding that money is not the only measure of success and happiness is crucial. It's essential to recognize the societal programming that often leads to unhealthy beliefs about money. By acknowledging its importance while recognizing its limitations, we can start to build a healthier relationship with it. Spending time alone, reflecting, and focusing on personal growth are essential components of this process.

    Living a well-rounded life with 8 forms of wealth

    A well-lived life is not just about accumulating wealth or material possessions, but rather finding balance and prioritizing the eight forms of wealth: love, family, health, wellness, career, spirituality, personal growth, and social connections. It's essential not to let the pursuit of money overshadow these other areas and to recognize that each season of life, whether it's filled with love, hardship, or productivity, has value and can contribute to our overall wealth and happiness. Additionally, it's crucial to be aware of and challenge limiting beliefs or "scarcity scars" that may prevent us from fully embracing success and happiness in each of these areas.

    Seeking guidance from the wisdom of dead mentors through their books

    Healing the scars of scarcity mindset and limiting beliefs isn't about waiting for a living mentor, but rather seeking guidance from the wisdom of dead mentors through their books. Genius is not about genetics but daily habits and resilience. People we admire, like Kobe Bryant, Aristotle, and NASA's Nelson Mandela, weren't born with special abilities; they built their greatness through consistent practices and unique ways of seeing the world. By studying the actions of these "dead board of directors," we can learn how they dealt with stress, pressure, failure, and success, gaining valuable insights that go beyond advice. So, don't let the absence of a living mentor hold you back – seek inspiration from the wisdom of those who have come before and apply their lessons to your own life.

    Deep connections and mastery lead to meaningful results

    Focusing on building deep connections with a few great friends and dedicating time to mastering a few key areas in life can lead to more meaningful and impactful results, rather than spreading ourselves too thin. It's important to remember that being kind doesn't mean being a doormat, and it's crucial to find a balance between being welcoming and setting healthy boundaries. By embodying kindness and respecting ourselves, we can create positive experiences for both ourselves and those around us. Minimalism, in this sense, is a powerful approach to living, as it allows us to focus on creating something of great value, rather than producing mediocre work in many areas.

    Becoming perfect moment creators

    We can all strive to be "perfect moment creators" in our lives, focusing on making each day meaningful and filled with joy, rather than just going through the motions. Another important takeaway is to reframe our perspective when we see others succeeding, viewing their victories as examples of possibility instead of threats to our own happiness. This can be achieved through practices like meditation, journaling, and prayer to help process feelings of insecurity and not-enough-ness. Overall, these mindset shifts can lead to greater peace and motivation in our lives.

    Focus on our own growth and evolution instead of feeling jealousy towards others

    Instead of feeling resentment or jealousy towards others' success, we should focus on our own growth and evolution. As Robin Sharma emphasized, we should aim to master a few key habits, like the ones outlined in his book "The Wealth Money," rather than trying to read a hundred books. By doing so, we can make a deep and profound impact on our lives that will last for decades. Additionally, it's important to recognize that our feelings of jealousy are not about the other person, but rather a reflection of our own consciousness and evolution. By working through these feelings, we can bring our unique magic and contributions to the world. So, instead of comparing ourselves to others, let's focus on our own journey and growth. And don't forget to share your insights and favorite moments from the book with Robin and Danielle on social media!

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    01:42:44 Laura on Final Five

    Episode Resources:

    See omnystudio.com/listener for privacy information.

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    See omnystudio.com/listener for privacy information.

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    See omnystudio.com/listener for privacy information.

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    See omnystudio.com/listener for privacy information.

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    Episode Resources:

    See omnystudio.com/listener for privacy information.

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    With Love and Gratitude,

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    See omnystudio.com/listener for privacy information.

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    With Love and Gratitude,
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    48:58 What Did You Learn from Your Past Relationships?
    51:22 Introducing Buddhism Practice to My Kids
    55:33 Whatever You’re Saying, You Become
    01:02:22 Loving the Parenting Journey
    01:07:16 The Impacts of Your Decisions
    01:09:13 Opportunities Through Obstacles
    01:17:40 Buddhism Is My Anchor
    01:18:59 The Fear You’re Currently Overcoming
    01:26:04 Orlando Bloom on Final Five

    Episode Resources:

    See omnystudio.com/listener for privacy information.

    4 Ways to Know if It Is Time To End Your Relationship (When the Signs Are Not Clear and Things are Not Bad)

    4 Ways to Know if It Is Time To End Your Relationship (When the Signs Are Not Clear and Things are Not Bad)

    Do you find yourself often thinking about breaking up?

    Do you and your partner have unresolved conflicts that keep resurfacing?

    In this episode, Jay tackles the tough emotions and uncertainty many face when considering a breakup. He talks about why people stay in or leave relationships, touching on key factors like emotional closeness, personal investment, and the impact of family responsibilities. Jay also discusses how to ensure emotional security and the risks of staying for financial reasons or out of obligation. 

    In this episode you’ll learn:

    How to recognize emotional investment

    How to assess emotional security

    How to consider financial implications

    How to navigate emotional intimacy

    This honest conversation provides you with the insights to evaluate your relationship more clearly, helping you decide whether to work on it or move on, based on a deeper understanding of your feelings and the relationship's dynamics.

    With Love and Gratitude,

    Jay Shetty

    What We Discuss:

    00:00 Intro

    01:10 When to End Your Relationship

    04:48 10 Reason Why People Stay in a Relationship

    12:44 Top 10 Reasons to Leave Your Relationship

    18:14 The Three Cancers of the Mind

    24:44 Difference in Scorecard Perspective

    See omnystudio.com/listener for privacy information.

    Benny Blanco: 3 Ways to Stop Caring About Failure & Get Out of Your Own Way

    Benny Blanco: 3 Ways to Stop Caring About Failure & Get Out of Your Own Way

    How can you overcome the fear of failure?

    What can you do daily to care less about failing?

    Today, Jay sits down with Benny Blanco for an inspiring conversation about pursuing passions, mentorship, failure, and continuous motivation. Benny has made a huge mark on the music industry contributing to hundreds of millions of album sales worldwide. Benny has worked with A-List artists like Ed Sheeran, Justin Bieber, and Katy Perry. As a solo artist, his albums "Friends Keep Secrets" and its sequel have amassed over 11 billion streams, featuring multiple platinum hits. Beyond music, Benny has ventured into television and even released a cookbook, "Open Wide," showcasing his diverse talents and interests

    Benny shares insight on how to not let failure stop you and getting over imposter syndrome. We also go dive into Benny’s life outside of music, exploring his passion for cooking through his cookbook "Open Wide." Plus, Benny talks about his relationships, how he keeps his creativity flowing, and the small joys that make his life special.

    In this interview, you’ll learn:

    How to pursue your passion with limited resources

    How to not let failure get in your way of achieving your goals

    How to embrace the unexpected in creative work

    How to transition your passion into different fields

    How to find joy and creativity in everyday moments

    Don't miss this intimate look at Benny Blanco's life and maybe learn a thing or two about making your own multi-track masterpiece or the perfect dish to serve at dinner!

    With Love and Gratitude,

    Jay Shetty

    What We Discuss:

    00:00 Intro

    03:43 What’s the First Creative Thing You Put Together?

    06:15 I Never Cared About Failure

    10:33 Developing Amnesia to Failure

    14:22 How Did You Meet Your Mentor?

    18:10 “The Boy I Mentored” 

    23:42 How Do You Show Up After a Rejection?

    26:51 Love Can Be Felt Through Music

    29:56 What Do You Do When You Wake Up?   

    32:02 Why Do You Struggle with Meditation?

    33:28 Why I Went to Therapy

    38:25 The Pressure of Perfectionism

    44:49 Do You Love to Cook?

    47:20 Do You Eat Healthy?

    48:47 Finding Comfort in Food

    54:42 What’s Your Sleep Pattern?

    56:40 Friendships Built Over the Years

    59:19 Multigenerational Friendships

    01:03:44 Better Relationship After Divorce

    01:05:52 Benny on Final Five   

    01:15:57 What’s Your Vice?

    01:17:53 Do You Take Supplements?

    Episode Resources:

    See omnystudio.com/listener for privacy information.

    Why Your Self Worth is Keeping You Stuck & How to Stop Sabotaging Your Personal Growth With Jamie Kern Lima

    Why Your Self Worth is Keeping You Stuck & How to Stop Sabotaging Your Personal Growth With Jamie Kern Lima

    How does low self-worth stop you from moving forward?

    How can you stop self-sabotage and grow personally?

    Today, let’s welcome Jamie Kern Lima. Jamie is a New York Times bestselling author, founder of IT Cosmetics, a company she started in her living room and sold to L'Oreal in a billion-dollar deal, becoming the first female CEO of a brand in its 100+ year history. She's also an active philanthropist who has funded leadership training in more than 100 prisons and shelters across the US, and has donated over $40 million in product and funds to help women face the effects of cancer with confidence. 

    Jamie and Jay ponder on the meaning of self-worth, distinguishing it from mere confidence and challenging the misguided belief that our value is tied to our physical appearance. We get to hear the detrimental effects of self-doubt and present empowering strategies to transform your relationship with rejection, offering a new perspective that fosters resilience and self-compassion. 

    And then the conversation dives deep into personal beliefs, urging us to identify and discard unhelpful misconceptions, while giving emphasis on why authenticity is crucial and its role in conjunction with other factors in achieving success. 

    In this interview, you'll learn:

    How to build self-worth

    How to distinguish confidence from self-worth

    How to handle rejection

    How to overcome self-doubt

    How to remain authentic

    Together, let's learn how to distinguish your worth from external validation, turn rejection into a stepping stone, and live authentically.

    With Love and Gratitude,

    Jay Shetty

    What We Discuss:

    00:00 Intro

    03:17 Do You Feel Worthy Today?

    10:04 Confusing Confidence with Self Worth

    17:37 Your Weight Impacts Your Worth is a Lie 

    24:03 What Has Self Doubt Cost You?

    31:25 How to Change Your Relationship with Rejection

    37:02 The 4-Part R to Reframe Rejection

    44:00 You Need This Today

    48:13 Which Lie Are You Trying to Unlearn? 

    56:32 Authenticity Alone Doesn’t Guarantee Success

    Episode Resources:

    See omnystudio.com/listener for privacy information.