One of the biggest takeaways for me and most important things you said here is that "Million Dollar Consulting" is a metaphor for how you choose to live your life!

Edited February 27, 20251 yr by Noah Fleming

I always thought that was implicit, but apparently not so much! The importance is to live a life that is fulfilling, contributing, loving, and constantly learning, applying your own metrics. I've met too many people with too many degrees and too much money who aren't as interesting or sentient as Royce. And I mean no disrespect to German Shepherds.

I’m at a point—thanks in part to Alan's teachings—where I’m financially in a great position. We’re thinking about joining a country club in Arizona that I’ve always loved. However, since we will only be there for six months a year, the thought of paying a year-round country club fee is driving me CRAZY! I’m assuming this is a poverty mentality? Any tips for shaking it

Just pay the damn bill. Do you stay in the hotel room until checkout at noon just because you've paid for it? Love the membership for half a year, stop loving the money. USE the money, love the life. You can always make more money, you can't make more life. 

You're in a great position financially, but not in terms of life appreciation. You should join me for coaching for "Beyond Success" in June in LA. It's close to your club.

Alan, four years after I went solo, in 2018, I ran out of money.  But, thanks to what I've learned from you,  I've since turned my business around and now my finances are 180 degrees from that time.  

My wife and older son are ok, but my younger son (who was 7 then, is 14 now) still has a poverty mentality, to the point where he's hesitant to participate in extra curricular activities that cost, say $100.  I've lost my temper with him a few times, telling him we're well off and can easily afford it, but I don't think that's the right way to do it.

How would you help a younger person escape a poverty mentality?

You've done great, and you're not alone in this community going from the depths to the heights.

Your son is still young. Sit down and tell him how you transitioned to an abundance mentality. Don't focus on money but abundance: sharing with others, providing support, spending time, just listening. The idea here is abundance over scarcity, sharing over hoarding. Give him some clear examples of what this means for him and for others. Demonstrate what the extra-curricular investment can mean for others he participates with, his own friendships, the schools's best interests, and so on. A poverty mentality, ironically, inevitably hurts others. 

Thanks Alan!

I hope it works out. A poverty mentality is a borderline personality disorder in my book, and today's Monday Morning Memo couldn't have been written if I had ever had one.

16 hours ago, Praveen said:

Alan, four years after I went solo, in 2018, I ran out of money.  But, thanks to what I've learned from you,  I've since turned my business around and now my finances are 180 degrees from that time.  

My wife and older son are ok, but my younger son (who was 7 then, is 14 now) still has a poverty mentality, to the point where he's hesitant to participate in extra curricular activities that cost, say $100.  I've lost my temper with him a few times, telling him we're well off and can easily afford it, but I don't think that's the right way to do it.

How would you help a younger person escape a poverty mentality?

And congrats on your success Praveen!

1 hour ago, Noah Fleming said:

And congrats on your success Praveen!

Thanks Noah!

On 3/2/2025 at 11:12 AM, Alan Weiss said:

Appreciate the kick in the pants, Alan. It's what I needed. 

 

It's what I do....

But not to women.