Emotional Budgets

Why does free advice often vanish like spare change in our emotional budget, barely making an impact? Join us in this episode as we talk about why free advice doesn’t always work and share stories of coaching that didn’t go as planned.🔄 We’ll look into why we spend money the way we do and encourage everyone to think about putting money into growing themselves.🌱 We’ll show how important it is to focus on getting better instead of just buying things we don’t need. And who knows, by the end, you might be more inclined to save for a treasure chest rather than the latest flashy Zippo lighter! 🔥

[01:43] Value of Investment: 

  • People often do not value what they get for free, especially in the context of coaching or mentoring to make money.
  • When people don’t pay, they often don’t value the service as much, which can lead to poor results for everyone involved.
  • Free advice is often undervalued due to psychological reasons, highlighting that the lack of investment isn’t about being broke but about not prioritizing mentorship over other expenses.

[02:53] Emotional Budget and Prioritization:

  • The concept of an “emotional budget” illustrates how even individuals who claim to have no money will find resources for things they deem important. 
  • The problem is that people often choose to spend money on fun or fancy things instead of putting it into learning or self-improvement that costs money.
  • Real stories show us why it’s key to cut unnecessary spending, align your budgets with your goals, and deeply invest in your growth for real, lasting change.

[04:28] Excuses and Real Possibilities: 

  • Financial incapacity is the common excuse people make for not investing in opportunities to learn and grow. 
  • Most people can find the money if they truly prioritize it, indicating that the real issue is often a lack of commitment rather than actual financial constraints.
  • Igor gives helpful tips on how to rethink spending and make better choices with money.

[05:57] Igor’s Book On Email Marketing:

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WHO IS
IGOR KHEIFETS

Igor Kheifets is an amazon best-selling author of the List Building Lifestyle: Confessions of an Email Millionaire.

He’s also the host of List Building Lifestyle, the podcast for anyone who wants to make more money and have more freedom by leveraging the power of an email list

He’s widely referred to as the go-to authority on building large responsive email lists in record time.

Igor’s passionate about showing people how to live the List Building Lifestyle.