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Ep. 5 | The Wrong Rich Equation

Updated: Feb 24





ASHISH NATHU

September 9, 2021

1:12 am





On this episode of The Rich Equation Podcast, Ashish discusses the wrong rich equation. Ashish speaks about how the education system is broken and how accepting that you’re a product of this broken system and gaining control is so important. Ashish touches on the importance of opening up honest and vulnerable conversations with yourself and asking yourself important questions regarding richness and how it’s serving you.

HIGHLIGHTS:

0:00 – Intro 1:03 – Ashish talks about how the system is broken and we have been programed all wrong 1:41 – Explains there is a societal expectation that being successful needs to come at a cost 2:02 – Society never has taught us a healthy relationship with money, beginning from an early age 2:26 – At what point does the one thing after another mindset end? 2:42 – Ashish explains he is highly financially motivated, and has always been inclined to business but he can still fall victim to the money controlling mindset 3:11 – Do we have a healthy relationship with money? Does money control us? 3:36 – Ashish talks about the analogy of people waiting to have children until they financially save for it 4:05 – Money is controlling our decision on whether or not we live in the now 4:58 – There is a program deep rooted in us that we have to have a certain amount of money in order to live our lives the way we want now 5:10 – He explains it’s important to identify and detach from those things so that we can have a healthy relationship with money 5:23 – The programmed mindset has been passed down for generations 5:50 – It is your responsibility to take ownership of your relationships with money, limiting beliefs, & investments

TRANSCRIPTION:

Welcome to the Rich Equation podcast. Are you ready to discover how to live rich today and not wait for retirement? If you’re tired of struggling and want to live your best life now, you’re in the right place.

Outdated principles will no longer work in today’s environment. It’s time for a new approach. Your host Ashish Nathu will help you discover methods to live the new American dream. It’s time to start living the good life on your own terms and experience a new way to live rich. Now here’s your host Ashish Nathu.

Welcome back to episode five of the Rich Equation. We’re going to talk about the wrong rich program, and this is a really a fun psychological topic for me because the system is completely broken and we’ve been programmed all wrong.

We’ve been convinced that money and wealth will give us happiness and joy and fulfillment. And if we work hard enough and we do what society wants us to do for long enough, that one day we’ll open our eyes and be happy. Well, if that’s true, then why are some of the richest and smartest people in the world and some of them that I know, why do they get divorced? And why can’t they sleep? Taking drugs, You know, why do they revert to alcohol to control their anxiety? And they’re stressed out all the time. You know, there’s a societal expectation that being successful needs to come at a cost. And we should have this chasing type of mentality really early on, and we’re never taught to have a healthy relationship with money in society.

And this comes from a really early, early age, I’d say middle school we are grown up to Excel. And then we get into high school and we have to do certain things. And then we get into college and we get into business. And it’s always one thing after another, if you do this, then this will happen. If you do this, you’ll get this. At what point does that end, and we really talk about the journey rather than the destination.

And let me be really clear, I’m highly financially motivated. I’m a capitalist. I have always been inclined to business and strategy and economics, and it’s been sort of wired into me. So it’s definitely one of my natural tendencies, but I can be victim of this too, feeling a need, feeling that money can control you. And so what I want to make people aware of and have really open dialogue about is that, do we have a healthy relationship with money and does our money control us, or is it the other way around and the things that we do on a daily basis and the things that we chase on a daily basis, is it for money or is it for the things that we want to help us get fulfillment?

I love seeing this analogy, people, especially in our generation, we hear about this all the time that people wait for a certain amount of time to have children because they want to have enough money saved. I think that’s incredibly fascinating topic. Now, again, no judgment. I don’t know if I don’t have any perspective, like per se, about the timing of when you should have a kid and how much money you should have saved. But if we think about that for a second, money is controlling our decision on whether or not we live in the now. And if people want to have children or people want to get in relationships, or people want to go take on vacations or do certain things that give them great fulfillment, then why is money? Why don’t we give money such a weight? Now, again, not to get too controversial here. I get it. You got to have money to have a kid, or you got to have a certain amount of money so that you can feel secure and not stressed. And or you need to have money in the bank to take a vacation. I get all that. So I’m not trying to be, you know, completely binary.

But what I’m saying is that if you do have, and most of the people that we would be talking about, you have financial independence enough to do those things. And yet there is still a program deep rooted in us that we have to have a certain amount of money in order to live our lives the way we want now. And I think that good, bad, or ugly right or wrong, It’s important to start learning how to identify those things and see those things detach from those things so that we can have a healthy relationship with money.

But the system is broken and it’s not our fault. We’ve been programmed like this at such an early age, from our schools, from our parents multiple generations. And what I’ve learned is that you can’t blame them. You can’t blame our parents or our grandparents or your school. They did the best they could with what they knew, and they were programmed their own ways. And so wherever you are in your life, it is your responsibility to take ownership of your relationships, your relationship with money, how you think about wealth, your limiting beliefs, your trauma, your understanding about money and investments and how you get educated about all that. So that’s what the Rich Equation is all about. It’s helping create this framework where people can really start to identify their richness in multiple aspects of their life and detach from these limiting beliefs from all these old past programs.

So hope you enjoy. I really look forward to keep moving forward. Episode six is coming up. We’re going to talk about COVID and what’s coming up with COVID look forward to it. Thanks.

Thank you for listening to the Rich Equation podcast with Ashish Nathu. Do you want more ideas on how to live rich? Go to www.richequationpodcast.com for show notes and resources. Then take one minute to leave Ashish a five star review on apple podcasts, and we’ll see you on the next episode.

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