Redefining Wealth with Patrice Washington

Latest Episodes:

Sheri Riley: The Value of Being Present Oct 26, 2017

Show notes

“Time and attention are the currency of the soul.” - Sheri RIley In today’s society we are so bombarded with technology and communication that we think our presence is enough. Just because our bodies are there doesn’t mean that we are. There’s no way that you can build a meaningful relationship if you’re trying to do a conference call, while trying to snap chat, post on Instagram and make the actual people in the room just props. We need to take the time to step away from everything and engage in the people we are with. Take the time to focus on them. Learn about their feelings, and what they want. Don’t be afraid to ask what you can do for them. That simple communication can make the world of difference. Without these relationships we can’t feel fulfilled, so make them count. On this episode we are joined by Sheri RIley. Sheri is the author of the award winning book, Exponential Living. Download this episode today to hear deep insights about how you can start making yourself feel complete. “I never end a meeting without saying ‘How can I be of service to you?’” - Sheri RIley The Cliff Notes: Many people have great external lives but still feel empty. Most people spend 100% of their time on 10% of who they are. Learned to live 100% of who you are. So many people set big goals, and don’t realize when they hit them. When you set your goals, make sure you are achieving the real element of success. There’s a value in presence, not just being present. We’re so afraid of really focusing in because we wonder what we will miss. Relationships have dwindled down to we can mark it off that we met. In existing relationships, hone in on what the other person wants. People don’t have a problem with giving, just don’t be a taker. We confuse work with value. Work drains you, but maximizing elevates and energizes you. When you’re always working, opportunities pass you by. Don’t work just to check things off the list. You have to filter other people’s opinions when they don’t know your vision. It’s easy to get caught up in what other people are doing. Comparison will steal your joy. Happy is a choice, joy is a lifestyle. Money comes and goes, know what really matters. “Relationships are not about being equal, it’s about being reciprocal.” - Sheri RIley Show Notes: PatriceWashington.com/listen Links: Exponential Living

The Power of No Comparison Oct 19, 2017

Show notes

We're conditioned to compare ourselves to the people around us. We look at other people and judge ourselves based on them. How they look, the things they have, the accomplishments they’ve made. “The story I told myself about myself, self-sabotaged my success for 20 years.” The truth is the only person you should be comparing yourself to is who you were yesterday. You don’t know other people’s stories, and you need to focus on creating your own. Make goals for yourself, and take baby steps to get there. Don’t try to take giant leaps to get there or you will be discouraged. For example, if you want to run a marathon don’t try to run twenty miles tomorrow. Start small with a reasonable goals, like a half mile, so you’re small accomplishments act as a fuel to get you to your final goal. Lastly, and most importantly, don’t tell yourself you can’t. You can. We all make excuses, but the truth is there is nothing we can’t do. All we have to do is set our mindframe to “I can” and we will get to what we want. On this episode of Redefining Wealth, Patrice explains the power of no comparison. She analyzes ways we hold ourselves back, and what we can do to overcome our biggest obstacle: ourselves. Download this episode today and learn how you can start changing your mindset and get on track to making your goals into a reality. “Only compete against the person you were yesterday.” The Cliff Notes: You need to protect the vessel needed to execute the vision. -We shouldn’t compare ourselves to others. -Only compete against the person you were yesterday. -You can look thin and still be unhealthy. -The words you say to yourself impact your life. -Notice what excuses you are making for yourself. -You have to stay committed to you. -Be proud of you. -Find a vision and take baby steps to get there. “You have to stay committed to you." Show Notes: PatriceWashington.com/listen

Dr. Brad Klontz: The Truth About Savings Oct 12, 2017

Show notes

“The ultimate goal of financial psychology is to help us improve our financial wealth by improving our psychology.” - Dr. Brad Klontz Many of us want to save our money. We want to have a rainy day fund. We want to be able to buy that dream house. We want to have a vacation fund. So why is it so rare for us? Like many things, the problem is caused by our upbringings. We gain our beliefs about finances and money from the environment we were raised in. In fact, we can predict someone’s financial outcome based on their parents financial situation. That doesn’t mean you are stuck, though. There are ways you can retrain your psychology to achieve your financial goals. The first thing you need to do is stop trying to appeal to your logical side. Our decisions are always based on our emotions. If you want to save, you need to find ways to appeal to your emotional side. You may want to build a vision board, with pictures of all of your dreams. Every time you see it, you’ll be emotionally motivated. But that’s not where it ends. Once you’re motivated you need to take action. You need a plan and a strategy to follow the motivation. On this episode of Redefining Wealth we are joined by a very special guest on a very special day. Today, October 12th, is Capital One’s National Savings Days. Dr. Brad Klontz is here to discuss financial psychology, and how you can hack your brain to start building the wealth you want. Download this episode today to learn what you need to do to reprogram your mindset and start increasing that savings account so you can finally achieve your dreams. “Our default is to not save at all.” - Dr. Brad Klontz The Cliff Notes: We constantly make decisions contradictory to our knowledge. Financial psychology is the study of why we spend too much or don’t save enough. To improve our financial health, you need to improve your psychology. Most people have to learn about wealth as we go. The belief of money that comes from our parents can predict our financial outcome. We don’t get what we want, we get what we believe. You can find mentors that are already in your life. Most people aren’t motivated to save for a rainy day. In relationships, it’s helpful to have a sharing goal. Trying to save can be a lot like trying to diet. Your emotional part of your brain is what motivates you. Visual motivators are helpful, but you have to take action. Be specific in naming your accounts. Start saving AND paying off your debt simultaneously. “The truth about wealth is that it's evolving.” - Dr. Brad Klontz Show Notes: PatriceWashington.com/Listen

Pillar 6 MONEY: It’s Just the Byproduct Oct 05, 2017

Show notes

Most people equate building wealth to the pursuit of more money and more assets. The truth is money is really a byproduct of chasing the things in life that matter much more than money. Today we're wrapping up the 6-part series on the pillar of Redefining Wealth and we'll talk about how all the pillars come together to create more money in your life and what you can do to be wise with your finances once you get it.

Pillar 5 WORK: Live Your Life’s Purpose Oct 05, 2017

Show notes

Lack of fulfillment is the leading cause of financial mismanagement. You may think it's reserved to those who admit to emotional spending, but it even extends to those who don't know how to say "NO!" to those they love or even people they just hope will like them. If we are fulfilled in the areas we spend most of our time in, we reduce the desire to buy things solely to impress others or to shop in order to soothe our stress or to care what the heck other people think about where we live or what we drive. In part 5 of this 6-part series, Patrice breaks down how our purpose shape our priorities and prevent us from financial mismanagement. The work pillar is all about living out your life’s purpose in your career or entrepreneurial endeavor.

Pillar 4 FAITH: How to Bounce Back from Failure Sep 28, 2017

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In part 4 of this 6-part series, Patrice shares how the pillar on “faith” and believing in something greater is essential to bouncing back from failure, as well as, building wealth.

DeVon Franklin: Prayer Isn’t Enough to Succeed Sep 21, 2017

Show notes

“Success has weight to it.” - DeVon Franklin Everyone wants to have wealth and success. The problem is we often look for it in the wrong place. We chase after money or we chase after the perfect opportunity, and we end up missing out on what’s really important. Wealth isn’t defined by money. The true definition of wealth is well being. Yes, money comes along with that but it’s only a small fraction. You have to take care of your soul, and the thing we overlook the most is taking care of our bodies. If you really want to be successful you need to work on all areas of yourself, don’t just chase the dollar. Work on your relationships, your passions, and yourself - the money will come. On this episode of redefining wealth we are joined by one of the most influential Christian under 40, and the man Oprah refers to as a “Bonafide Dynamo” - DeVon Franklin. We dive deep into what it takes to be successful on a physical and spiritual level and analyze not just what it looks like to be successful, but what it takes to become successful. Download this episode today to see how you can be enlightened and how to truly achieve the wealth you want. “The church didn’t teach me how to be successful, Hollywood did.” - DeVon Franklin The Cliff Notes: Never skip over opportunities. God orchestrates down to the finest detail. Don’t allow spirituality to be confined to the weekend. If you aren’t willing to commit everything you have 1,000% you won’t be successful. It’s not about chasing money, it’s about chasing purpose. The true definition of wealth is well being. It doesn’t how much you buy, physical items can’t fill your soul. We talk about the health of a spirit and mind, but not the health of our body. What good is money if you are just going to spend it on prescriptions? Don’t try to just do it, commit to the process of learning how to do it. Ego can be a career killer. Honor everyone, you never know who they are. When you devalue someone, you miss an opportunity. Integrity is kindness to everyone. The most valuable people in business are the gatekeepers. From the physical point there is 6 degrees in separation, in the spiritual world there is 0 degrees of separation. Let your passion dictate your research so you are prepared. Take your fears and turn it into a to do list. Failures aren’t setbacks, they are setups. Negotiating is about providing value, not money. Never be afraid to walk away from a negotiation. “Too often we look at someone’s tree of success, we don’t actually go and examine the roots.” - DeVon Franklin

Pillar 3 SPACE: Your Clutter Keeps You Broke Sep 14, 2017

Show notes

Clutter is the physical manifestation of chaos in your mind. Think about areas in your life where you've been feeling stuck or stagnant lately. Now take a look around you. Can you see a connection between your home office being turned into a junkyard and your frequent inability to produce the quality work you know you're capable of? In part 3 of this 6-part series, Patrice shares her thoughts on protecting every “space” in your life and how setting up your life to support you can make the difference. This is the backstory on why time really is money.

Pillar 2 PEOPLE: Relationships Matter Most Sep 14, 2017

Show notes

You don't have to chase money if you build quality relationships. More opportunities to make money or build wealth can come through word of mouth or having an advocate working on your behalf. Instead of fostering genuine and mutually beneficial relationships, we spend more time pretending to be busy and thinking we "don't have time" to take someone out for coffee or even call or text and say, "Hey, I'm thinking about you." In part 2 of this 6-part series, Patrice talks about “people” and creating relationships that matter. She shows that opportunities to create wealth don’t necessarily come from chasing money, but they might come from honoring the Golden Rule.

Pillar 1 FIT: No Vessel, No Vision Sep 14, 2017

Show notes

"Hustle and grind." "Sleep is for suckers." "I haven't slept in days." As a society we've been taught to proudly chase money by any means necessary. And many times it's to the detriment to our own body. The very vessel that's needed to execute this grand vision that we have for our lives. But why? In part 1 of this 6-part series on building true wealth, Patrice says being “fit,” is more than hitting the gym. It’s about becoming your best self and protecting the vessel needed to execute your vision.

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