Chain of Wealth - Debt, Investing, Entrepreneurship, Wealth & More
Business:Investing
Chella Diaz is a life coach and the owner of Transcend Abundance, she believes there is a very strong link between money and spirituality. Having written many books about the topic, Chella mentors women and teaches them how to live a prosperous life.
Welcome!
[1:55] What are some of the biggest money mistakes you’ve made?
Having someone invest her money for her without asking the tough questions Always do your due diligence
[3:19] How do you believe spiritually and finances mix?
There are two sets of rules, if you are spiritual then you won’t have abundance, and if you are rich you won’t be spiritual It’s about changing the way you view both of them Always try to get yourself in a strong position before helping others
[6:17] How much of money management do you believe is linked to your mental well being?
If you remember the first money conversation you can remember, that is probably related to your current beliefs about money As an example if the first conversation you hear is about someone not being able to afford something you will either become a big spender and live paycheck to paycheck or end up spending every single penny Try to remember the first conversation you had and learning the lesson of what you should be doing and figure out where you are.
[12:39] What would you tell a younger version of yourself about money management?
When you are younger you want material things Is what you’re going to school for going to give you the money that you need to achieve your dreams Find ways to further yourself, maybe volunteer yourself Find someone and pick their brain
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[16:29]
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Value Link Round
[16:59] What is your savings or retirement plan?
Strong believer in real estate but also not putting all your eggs in one basket Having additional sources of income is super important- Chella is trying to setup something passive
[17:46] Do you have a favorite book?
Wasn’t always a reader- start listening to books Book: The road less traveled Book: Think and grow rich
[19:41] Favorite quote you like to live by?
Treat others the way that you want to be treated and have compassion
[20:15] Any other parting piece of guidance?
Your money journey begins today Know where you are and where you want to get to.
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