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The Transparent Podcast
The Transparent Podcast
Dr. Fred Moss - Mental Health Innovation, Entrepreneurship, and Financial Literacy
Unlock the secrets of mental health and entrepreneurship as we sit down with the remarkable Dr. Fred Moss, also known as the "un-doctor." Discover how he's reshaping the mental health landscape by steering away from conventional diagnoses and medications, leveraging human connection and creativity instead. Together, we share personal stories about balancing our professional missions with family life, underscoring the powerful influence of communication in both mental health and the small business sphere.
Prepare to challenge your financial mindset as we uncover the often-overlooked business aspects of professional careers, especially in the medical field. Learn why financial literacy and savvy business operations are essential, yet missing from traditional educational paths. We discuss how to break free from the constraints of trading time for money, and explore the potential of diverse income streams for a more rewarding lifestyle. With insights inspired by "Rich Dad, Poor Dad," we encourage you to make money work for you through teamwork and collective ideas.
Explore the roadmap to clarity and purpose in your entrepreneurial journey, where understanding your mission and target audience can lead to unparalleled success. Personal anecdotes highlight the importance of transparency and ethics, while practical advice guides you through career transitions and the exciting venture into financial literacy education. This episode offers you a dynamic blend of insights and strategies, empowering you to prioritize faith, family, and business in a balanced and effective way. Join us in this enriching dialogue to forge a more successful and fulfilling path forward.
It's time for the transparent podcast. We are bringing transparency to the world of small business. Hi, my name is Nick Ford and I'm the host of the transparent podcast, and this week I am joined by Dr Fred Moss. Dr Moss, I will let you introduce yourself.
Speaker 2:Thank you. Yeah, great to be with you. Thank you for having me. It's great to be on the podcast. I'm looking forward to our conversation.
Speaker 2:You know my name is Dr Fred or Fred Moss or Fred, and some people still call me Dr Moss, and that's fine, and I am a psychiatrist. I'm an out-of-the-box psychiatrist. I'm unlike any psychiatrist I've ever met, anyways, and one of my monikers is I'm the un-doctor and by un-doctor, what I do is I help people actually come off their diagnosis, come off their medications and get their life back through communication and creativity and human connection, and that's one of the things that I do. And, as a psychiatrist, I'm also kind of a small business owner. So I'm an innovator, a generator, an entrepreneur, I'm a coach, I'm a keynote speaker, I'm a podcaster, I'm a writer and I'm felines that we have that are homeschooling us every day Desposito, winston and Valentino.
Speaker 2:And I have two kids, one in Dallas, texas. My son is an attorney down in Dallas and my daughter's up in Oregon working in HR. And I've been in the mental health field for 45 years altogether, including nine years prior to going to medical school or, I'm sorry, nine years prior to becoming an actual doctor. So 45 years altogether. This January, on January 5th, will mark my 45th year in this mental health field, so that's what I do.
Speaker 1:Wow. Well, that's quite the introduction, and thank you. It's good to learn a little bit more about your background and your family. That's awesome. Yeah, my name is Nick Ford and I started the Transparent Podcast with the idea of bringing transparency to the world of small business. I have three little kids that are little. I got a one-year-old little girl and then two boys that are five and seven, and they for sure keep us busy. We also have a Labrador named Brandy and a few fish named Hot Dog and Marshmallow that our kids named, and so we have a lot going on. But you know, small business is a passion of mine and I think that if more people are able to learn from other entrepreneurs and see how they got started, that they'll be inspired to do it as well. So can you tell me a little bit more about what led you into the medical field? Did you go straight into, you know? Did you have the idea of going into medicine out of college, or what were you thinking?
Speaker 2:It was anything but a straight route, nick. So here's the story. You know I I arrived on this planet as a healer. Like the day I was born, I kind of like hit the time clock because my family was in a fair amount of chaos and disarray. I had two brothers, 10 and 14 years older than me. So, like your daughter, I had two older brothers and you know they were already old enough to be hassling and tussling with my parents. So, as they tell me, I was born to bring joy and peace and connection to that family that was already in some degree of dissociation. And that's what I did. I did a good job with that for a couple of years. I don't think I've done a great job for all 66 years. I think my brothers would attest to that and, by the way, I'm seeing my younger of the two brothers this afternoon, as it is Thanksgiving. And so you know I have been a healer my whole life.
Speaker 2:I've been so interested in communication. I remember watching my family communicate. You know my sister was later born I'll be with her tonight as well and you know it was like I really wanted to speak like the big kids. I wanted to be like right there I could tell conversation was what I wanted to do. I went into school to be to learn how to communicate. That's what I wanted to do more than anything. And it isn't where I learn to communicate, because in school, of course, our communication efforts get squelched. We're told to be quiet, sit down, do what the teacher says and we can pass. So I was pretty good at that too.
Speaker 2:Being precocious, I had two leaders who were my forerunners. They were my trailblazers and they taught me a lot of things that I probably didn't need to know at the age of four and five. By the time I came to school I was already at the front of the class because I already had been taught these things and I talked a lot. And you know I really wanted to learn how to communicate. It didn't happen in conventional education, and we move on forward all the way to college. You know school got worse and worse with respect to open discourse and I was hoping that college would finally teach me how.
Speaker 2:So because they had such wickedly cool helmets and they were only 40 miles west of Detroit, I went to the University of Michigan and I went there for a year and a half as an engineering student and then dropped out because it didn't work at all for me to be an engineer, it's just not enough human contact for me to be an engineer, it's just not enough human contact. And so I bus all the way to Berkeley and learned, you know, like try to figure out what my life was about. And although I did figure a little bit about what my life was about, it wasn't sustainable. My family convinced me to go back to college, which I did, and you know there was this new industry they thought I would be good at, and that industry was called computers. Perhaps you've heard of it. And I went. You know there was this new industry they thought I would be good at, and that industry was called computers. Perhaps you've heard of it. And uh, I went there. You know there was like this big uh computer the only computer in Michigan is, as far as I knew, a two acre facility that we called the computer room and uh did batch jobs and punch cards and it was like yuck, I'm not doing this either.
Speaker 2:Dropped out again and got a job as a childcare worker and there is where I finally got human connection was at the heart of all healing and I the thing I did about that job. I love the job. I still consider myself a glorified childcare worker 45 years later, but the thing that's most interesting about that job is I really just really had a deep distaste for psychiatry and I went into psychiatry because I couldn't stand the direction that it was going and I thought I could bring communication and connection there. And as I was sped out, I became a psychiatrist. I, in fact you know, my brother, 14 years older than me, the one who won't be there tonight is a psychiatrist and I knew that there was a pathway that I could pave to get that done. And I became a psychiatrist because, uh, you know, that's where I knew that I could bring connection and human healing, uh, via the process of uh, conversation and powerful creativity. I could bring healing to the world, uh, by openly seeing people for who they were and who they weren't.
Speaker 1:Yeah, yeah, absolutely Well. Thank you, that's a great background and I love your passion for healing people, and particularly with kids. My wife grew up in a home with an autistic brother and they didn't know as much about it as I do now, but they were not well off. They did not have money to go to the best places and they were in El Paso, texas, so they had to go to the psychiatrist that was there, and so now me and my wife are foster care parents.
Speaker 1:We do what's called rest of the foster care, if you're familiar, basically providing vacation coverage to full-time foster parents. In the new year we're planning to take in two full-time foster placements. We have a passion for that for helping kids that have been put into rough situations that are not in any way their fault, and I know you have a passion for helping kids too, which is amazing. The business of healthcare is something that I'm interested in. I've been in sales my whole career, studied sales in college and for a while I was an employee benefits consultant and got pretty gated about the health care insurance industry at that time and it's just broken.
Speaker 1:It doesn't work well, it's too expensive, it doesn't treat the doctors and the nurses well, it just doesn't work. It doesn't work very well in my opinion. That's a whole other conversation. But you know, I've talked to many psychiatrists, many therapists that have gone into private practice, that have struggled with dealing with billing for insurance, and some that just have a therapist I go to church with and he has a private practice and he just doesn't take insurance.
Speaker 1:He takes cash only. So what do you think physicians have to do to be able to succeed in having a private practice? Or should they just work for one of the big guys and let them run the business?
Speaker 2:Boy, oh boy, it is complicated to start a private practice and the thing that's most interesting about that, it's awesome. We think we're out here to, you know, for altruistic purposes of you know, providing our very best care and helping others and all that, and the business model just gets, gets annihilated in the process. And you know, we, we all end up becoming or many of us end up becoming just, you know, like, house poor, or you know we, like we don't know how to manage our money. We don't know how to manage our revenue streams. You don't know how to manage our income. We don't know how to manage our income. We don't know how to manage our spending or our saving or our investing. You have no idea.
Speaker 2:And without having a business model, without having a template, without having a capacity to know where to look and how to manage the business aspects including creating partnerships, creating contracts, creating a business mission, vision or purpose, like actually creating steps forward to manage the revenue streams, whether they're the actual gross incomes or whether they're handling our expenses and what to buy, how to buy and where to buy, those kind of things those things are all very complicated and you don't learn those things, it seems like, when you come out of medical school until you get scorched.
Speaker 2:Now, if you want to not get scorched, if you really want to live in what's called a single income you know, in a single level income, meaning that you're your only provider of income and you have one small business then by all means I think it's a reasonable idea, if that's your choice, that you want to live in that restricted environment, to go working for one of the big guys. At least that way you do get a steady paycheck every week or two every month, whatever your pay system is. You have a salary, you have a regular hourly and it's predictable. But it is a prison and it is absolutely limited. It has a ceiling and it doesn't allow for a substantial growth that entrepreneurs can have made available to them.
Speaker 1:Yeah. Yeah. That's a lot of good information for people to think about in general going into business, because there's a lot of people who are great operators that never were taught or learned how to run a business per se and trying to learn how to do that. It's important for them to kind of study the industry that they're in but also study how to operate a business. And to your point about just managing finances and things like that. That's a gap in the education system in general. I mean, I went through a bachelor's in business.
Speaker 1:You went to the highest level degree that you can get and were never taught how to manage a business or manage your own finances. I mean, I have made one personal finance class all the way through college, um, and much less like how to run a business, um. Anyway, I think, yeah, it just depends on your personality and and what you want to do. Some physicians just want to go practice. They don't want to deal with all the overhead stuff.
Speaker 2:It's for sure more convenient, it's no question about that but you don't get the lifestyle that you're looking for.
Speaker 2:Instead, you're really running around and the business is owning you. You end up being self-employed and, although you may make a little bit more money, you definitely don't have more time and you don't have more quality family time, and it is very restrictive. And even in that setting, when you're working for somebody else, you're simply trading time for money, and time is the most valuable commodity that we have. And there are opportunities that I have now been digging into and hopefully we can touch on to create multi-level income where you're not any longer trading time for money. In fact, you're taking advantage of systems so that you can make passive, residual income all along the while of providing the level of care and concern for your you know as a healer or whatever your process is, as a contributor, as a you know as a participant in society. And you can do that through a multi-handed income fashion and create a business that actually thrives, that doesn't own each part, that doesn't own your vital parts yeah, and I think it's a great book for people to look at if you haven't read it.
Speaker 1:It's a basic book but like Rich Dad, poor Dad.
Speaker 2:Yeah, Rich Dad, Poor Dad.
Speaker 1:It's a good basic, entry-level book and it's just. You know, the basic principle of that book is that poor people believe that they work for money and rich people believe that money works for them. And you know learning systems to make money work for you and having multi-level income is something that I think anyone on the surface wants, but not many are willing to put the work in to do it. But yeah, well, when you work with teams and you've worked with teams in all different kinds of jobs and areas, I'm sure over your career, but I had a friend of mine that gave me the scenario and advice. I've been very involved with our church and went into an operational kind of role working with people at the church, and one of the pieces of advice he gave me was when you're implementing a new system or policy, a B plus idea that you had buy in from from the whole team is better thanplus idea that you came up with alone and tried to implement alone. What are your thoughts on that? Oh yeah.
Speaker 2:I couldn't agree more A B-plus idea. I've had somebody who you know actually a friend of mine who is the creator of Pandora, the app. He's a buddy of mine and he talks about. You know that if you can find somebody who can do your job at 70% of the capacity that you do it, then you should hire them to do it and stop doing it. And you know there's something like the slight decrease in quality that happens from going from a A plus idea to to a B-plus idea, combined with using the actual power of team and teammates as well as leadership and management. It's invaluable. And so once you have a team working for you, once you have a team working with you, once you have a team that's aligned on the actual vision and purpose of your whole existence and can create that level of passion from the ground up, the amount of growth and development that becomes available when you're utilizing functionally, utilizing as a launchpad on a line team, far exceeds anything that could be made available inside of a good idea that you're doing alone.
Speaker 1:Yeah, and it's tough because, like you, you especially for me, as the person who could make whatever decision I wanted to, I guess, um, I think I and my personality, um if you're familiar with any around my personality the challenger, and so I think that my idea is right and everyone else should agree with me and don't really understand why they don't. Um, but that doesn't work that way. And especially as you scale and grow as a business leader and you start having people in different departments or teams and things like that and have team leads or directors or what have you, you're not in that team, you're not like. That was the problem that we had when I worked at Jackson Coker. That was the problem that we had when I worked at Jackson Coker. They're big enough that there's these multiple teams that operate independently and you'd have someone who is not in the day-to-day making decisions for those teams and the team would be like well, that's a C idea for us. That doesn't make sense at all for how we do things and we know the best way to do it, and sometimes they wouldn't be listening to what they said that they should be doing, and I was.
Speaker 1:I don't know if I was smart enough, but I was, I guess, astute enough to know that sometimes decisions are going to be made above my head that were not what was best for me but would be what was best for the company, when I thought that the idea would not be what was best for me or the company is, when I got frustrated. Yeah, but I definitely do agree with that a, b plus idea that you have buy-in from, because you at least people were part of the process and they have ownership of that plan now. They felt like they were part of the think tank to develop it, so they're gonna be much more passionate about trying to make it work and so and we probably. You know, I talked to my grandfather on this podcast about this and he owned about 300 employee life insurance company and he was, like you know, my directors. When I would sit down with all my directors every Monday morning, they, 85% of the time they were right and had a better idea than I had.
Speaker 1:And I would listen to them. Yeah, so that's a that's a good thing. So, with with businesses for me right now, I've started hiring some people and started turning out, turning away from just being a solo entrepreneur person, solo operator, and the hardest thing for me is delegating, Like I want to handle everything because that's how I've been doing it, and so passing things off to other people and letting them run with it I know is going to be a challenge, even though I've hired people who I trust and are very talented. How do you, how do people in Ostr doors, or you as a physician, like you, you have people that are taking care of patients before you get in the room or you know, doing note taking or things like that? How do you? How do you scale? How do you? How do you do that effectively and not let it get out of control?
Speaker 2:Yeah. So when you're hiring people, or when you know if you want, if you're looking for assistance and you're looking for partnerships, you're looking for teammates, you're looking for collaborators, you're looking for, you know, people who are aligned with your mission. Being really careful is to, you know. You know, hire slow and fire fast, that's what we have. You know we have an opportunity to vet out the people that we're considering making partnerships with, and if they are aligned and there are an integrity and they are on the mission and they do get the process, then scaling becomes a natural phenomenon. You know the idea of like. You know, like reinvesting dividends or reinvesting profits into the business itself allows for growth and development. And we look at supply and demand and when the demand grows, the supply, naturally you have to be willing to grow with whatever the niche is that you've created, like, who is it that you're serving? What is your target population, what is the niche, what is your ideal client?
Speaker 2:And when that happens, if you're planning on growing, if you're planning on scaling, you have to be prepared to let the walls open up. You have to be prepared and if you have a hesitancy with respect to delivery of delegation, that's going to get in your way. If you think that you're the one who needs to be owning and operating the business on your own, that's going to lead to some limits. You're only going to have so much time and energy to put into something when as we already talked about with my Pandora friend and your friend you know this B plus and A plus idea talked about my Pandora friend and your friend. You know this B plus and A plus idea.
Speaker 2:When you allow other people to gain the passion and to gain the you know, to gain the direction of whatever the source is of your business, then you can confidently hire people. And you know it's also really important not to micromanage. People don't like when you're hovering over. Make sure that they're doing every single thing the way you would do it. You're going to have to leave people the leeway to do what they do and trust that they're aligned with the greater mission. And the way you do that is through frequent and honest communication about what that mission is a driving home. You know, whatever the mission is, to the point where everyone is aligned with what the whole point is and they're not working for you anymore, they're working for the mission.
Speaker 1:I 100% agree with all that and I think, yeah, keeping people reminded of what the mission and vision is and steering them in that direction and helping them understand their part in that mission, how what they're doing and what they're working on is going to work toward that mission as part of a team is important, important, and also the micromanaging thing. I remember being at a recruiting agency where the CEO would sit next to me while I made phone calls and listen to them and then correct me during the phone calls like regularly with people, and I just was like I'm getting out of here as soon as I possibly can. This is not. I'm not okay with this at all, and I mean I've been doing it for like six, seven years, since I've been very successful and was successful there too. So it was just like I can't handle that. That was the worst end of micromanagement I've had. But no one likes to be micromanaged and my position on that has always been if you have to hold someone's hand, especially once they've been there for a while, you hired the wrong person. You there for a while, you hired the wrong person. You need to hire somebody else. Good point unless you, that's just your serial micromanager and that's just what you're going to do with everybody, which is also a mistake. But but yeah, I think all those points were very um aligned with how I think about things. But um, now listen to this.
Speaker 1:This uh podcast regularly called the strangest secret and it's a guy named earlingale. It was kind of like a Tony Robbins of another era and he believed people who succeed and people who fail were separated by having goals, by implementing the idea that you will become what you consistently think about. And so I listened to that regularly and try to have goals, try to consistently think about the things that I want to achieve in life and implement that. But what do you think? You know they say that I'm not really exact number, but I think like eight out of 10 new businesses will fail in the first five years. But what do you think separates the people who succeed from the ones who fail in life or in business?
Speaker 2:Yeah, that's a really great question and I don't think I have a simple answer to that. I think that being clear, being very clear and then communicating effectively and creating proper teams that are aligned so you know, being very having clarity about your mission, having clarity about your target population, having clarity about the niche that you work in, having clarity about what your offer is but clarity is really, really critical because if you don't know what you're selling, no one can buy it. Let's face it, if you don't know what it is that you offer, then no one can agree to join you. So there's something about really being clear about what it is. What is your offer? What is your skill set? Where are you a leader? What is your business about? What is your purpose in life about? Like, who are you as a dad? Who are you as a husband? Who are you as a friend? Who are you as a leader? Who are you as a business owner? Who are you as a citizen? Like really having some sense of clarity.
Speaker 2:Now let's say something about clarity. Clarity doesn't mean that what you said last week is what you have to say this week. It does not, so it's an adjustable clarity. In other words, you don't have to be held. Being clear does not mean staying the same. I guess that's my point. So you can be clear last week about where it is you stand on a particular topic, be given more information in the last week that actually adjusts the way that you are in that topic, such that who you are today is different than who you were last week because you've gotten new information. And as long as you're clear about having made that adjustment, everything's going to be fine.
Speaker 2:If it's when things get murky, it's when you don't know exactly who you are, what you're talking about, and most of us, by the way, don't know who we are and what we're talking about. Most of us don't have, we don't have a vision that is uh, you know, serving a higher purpose than ourselves. And if, if all we're out there to do is make money, the thing is going to fail. You know, if all we're out there to do is make money, if you're like I, do this in order to make money rather than doing this in order to do this, there's a whole different function and a whole different purpose. If you can't be driven forward, if you can't wake up in the morning and actually, when you turn around be really generally aligned with the purpose of your function in the business world, then things are likely to fail.
Speaker 1:Then things are totally likely to fail. In that setting, yeah, yeah, I think people lose sight of like that. Making money shouldn't be the result of the business or the goal of the business. Making money is the result of success. You have to have success first, and success means having a vision or a goal and doing it very well, and then money's going to result out of that. That's going to be just a pour over from you being successful at what you're doing and having a strong vision and mission and working hard toward it. Yeah well, those are not just money, not just making money.
Speaker 1:Like my, the primary goal for my business was not to make money. It was to bring transparency to the staffing industry. I didn't make it. They're needed, especially in, like local attendance and position staffing.
Speaker 1:I worked with a lot of people who were bad operators. I mean, they weren't honest, they were deceptive and tricky and I just I didn't like it. I didn't like you know being that way myself at times. So that's kind of sometimes how we were coached to be in a roundabout way. Um, so I wanted to do it differently and that was the primary vision not just making money, but making money. That's happened because I've done, I've executed the vision well, but, you know, as a business owner, as an entrepreneurial person, it's difficult to know where the best use of your time is. For me, I think it's working with people, building out culture and vision, planning and things like that. Um, but where do you think your time is most valuable? Like I know, like today we're recording this on Thanksgiving day, because both of us are super busy and this is the best time where we both, you know, weren't on back to back meetings as much, although I know you were on meetings all morning, so that doesn't apply for you.
Speaker 2:Um, where is my time best spent, although I know you were on meetings all morning, so that doesn't apply for you. Where is my time best spent? I'm going through a career shift right now, and then my time best spent is actually taking on the questions that you're taking on. I'm involved with a new agency called Wealth Builders, where what we do is offer the opportunity for a free, like no cost to consumer education about financial literacy and exactly how money works and exactly how to create a multi-level business a multi-handed business, if you will and to do so with ease and grace, without ever having to sell any products to anybody. Now, this is where my time and money is best served right now, because this is what I've been geared to do. I've been a mental health so long and when I provide financial literacy to somebody who is otherwise unaware of the topics that we're talking about today and is failing in the world of finances and has no future and no confidence about how things are going, and I am able to access an education that gives them a significant amount of knowledge in how to know, a significant amount of knowledge in how to earn, how to spend, how to save and how to then invest their income to investing their money so that their money actually works for them. This is an extraordinary proposition for me. So my best time, my best place for my time and energy right now is learning more about that industry and creating an agency of my own of people who are interested in doing that.
Speaker 2:My job now is just be a great person and not have to sell anybody anything. Now that is a sweet job to make a handsome revenue, and that is exactly what I'm doing. There is no cost to any agents. There's no cost to any customers. It's just an education, and if any of our listeners are interested in that, please contact me.
Speaker 2:I'd be glad to open up the conversation, which is, you know, you can contact me at my discovery call number that you can find at either of my websites drfred360.com or welcometohumanitynet and in that process, I'd be glad to open up an introduction of how one can learn how to indeed how to you know, simply, the educational side, which is learning how to, how to properly earn, how to properly protect, how to properly save, how to properly spend and how to properly invest our money. I can teach you that, I can show you the process of that through my platform and, if it's interesting to you that you wanted additional revenue streams along with your primary job that would allow you to gain royalties and allow you to gain passive, residual or passive income in the process by creating agencies or other people who just want to be great and simply introduce a killer like gold golden level platform to people without ever having to sell anyone anything. Then please contact me and I can show you how to do that.
Speaker 1:Yeah, can you come to the name of that financial group that you're part of?
Speaker 2:My group is called Wealth Builders and it's a subsidiary of the World Financial Group, which is owned by Transamerica and then owned by Agon. Agon owns Transamerica, for which World Financial Group is a subsidiary, and then Wealth Builders is the next level down from that.
Speaker 1:Yeah, well, that's awesome. I want to learn more about that.
Speaker 2:So we'll get you on the books for at least an introductory call after this, when we're offline.
Speaker 1:Yeah, that sounds great. And then I'm also a part of your Welcome to Humanity group. Can you share a little bit about that, because I'm getting a lot of information about that myself. I would love to hear more from you about it.
Speaker 2:Yeah, so my Welcome to Humanity group is also going through a transformation. I assume you're talking about the schoolcom group that I have and I'm so glad you're a member, thank you. And we have a few hundred people that are in that group and it's like-minded individuals who are looking for some assistance in managing the chaos and craziness of our present life. Like you know, things are chaotic and crazy. Have you noticed? It's pretty wild out here.
Speaker 2:Yeah, so the idea here is that through the school group was to put together people so we could have open discourse Now between you and me. I'm making a shift in that group. That's an important, paradigmatic shift in that group over the next month and perhaps if you just go to this particular link that's in my school group and just said I'm in, you can be part of the group that is actually moving over to Mighty Networks. I find Mighty Networks to be a much more powerful platform for creating open discourse between its members and I have the framework down to make that shift from schoolcom to um, mighty networkscom and uh, from there what we have is the basis of a community of people who are really interested in unlocking themselves from the chaos and disturbance of life and giving people the strategies, tactics and, um you know uh, tools and exercises to manage life powerfully in these very challenging times. Yeah, excellent.
Speaker 1:Yeah, that's great. Yeah, I enjoy being part of a group myself and would love to share more with other people so they can find out about it. How do you think if you were going to share just a little bit with people who are I like to call them entrepreneurs? They're sitting on the fence, wanting to get into small business or start some you know side business idea. What advice would you give them to encourage them wanting to get into small business or start some side business idea?
Speaker 2:what advice would you give them to encourage them, that's really great too. So, like, check yourself at the door, are you going in so that you can make more money alone? Because that's not going to work. You need to love what you're doing. You cannot get wealthy doing something you hate. It is not even mathematically possible. I have tried and you know it isn't like I. It isn't that I hate psychiatry, it's just I can only go so far with psychiatry and at some point the pain that it takes to actually grow your business is mitigated by the fact that you no longer you know you don't like. As long as your basic fighters are put out, that's the best you can do.
Speaker 2:So if you're planning on building a business, expect time, expect to learn, expect to fall flat on your face at times to maybe even lose money or lose friends or lose colleagues or lose your clarity on here and there, only to need to rebuild it. It is a process. Although I'm you know me I'm like precocious. I've been like told I was brilliant and smart since I was a wee kid and I figured that all I'd have to do is like hit the switch and then I can create a successful entrepreneurial business, because, after all, that's what I do, but it isn't how it went. I've had to learn through the world of hard knocks. I've had to chase down shiny objects, I've had to lose investments, I've had to lose friends, and you can expect that it's a rocky road, at least your first time around.
Speaker 2:If you're really breaking away from a salary job, from a job where you're trading, or even an hourly job where you're trading your time for money and looking for multi-handed income and a multivariant business model, then make sure you use mentors. Proximity is power. You really want to get to the idea that you don't have to create a new mousetrap. You just have to follow people who have done what you do, and done so successfully, and learn from them, and you don't have to create a new mousetrap. That's really important.
Speaker 2:And so be careful, be ready to delegate, hire people to do the things that you are not uniquely qualified to do, or who at least can do your job at 70% of your capacity, and feel free to explore and get on the phone and talk to people. Talk to your customers, talk to collaborators, talk to partners, talk to competitors, talk to mentors. Like actually have these conversations and learn, and that way you can create a successful business from the ground up, but it's not going to happen overnight, more than, luckily, you know any of the businesses that you know. There's a lot of businesses that are that are, uh, advertising online that if you sign up with her right now, you, you know, we can get you, uh, some X, I don't know 10, $10,000 a month or something. And you're like, oh yeah, I want that and they make it look really good. But typically when starting your own business, um, that's not going to be the method that is the best way. There is some painstaking truth to the idea that the tortoise beats the hare.
Speaker 1:At the end of the day, yeah, especially if you want to have long-term continued success and not just a quick buck. Exactly yeah, I think the most important thing he said was listen to people who have more experience than you do. There's too many people in the world like me who want to hear themselves talk and are not willing to listen and are not willing to look at wiser people than them that have done it before them, that have done it more successfully, and don't try to create a better mass traffic. That's like you said there's. There's certain systems and processes that people have used, that have worked well, that are as you should use. I mean, um so, yeah, I think everything you said is spot on. Um, well, is there anything else that, uh, I can help you with as far as stuff you want to share with podcast listeners? Um, kind of here toward the end here yeah.
Speaker 2:So one of the things I look your level of excitement about wealth builders and the model that I outlined here about the platform. It's very exciting and you know, I think that the more we my interest look. This isn't even and it isn't about me in any way. The process that I have here, the education that I, that we're providing over at wealth builders, is so damn valuable that all I have to do is invite you we're providing over at Wealth Builders is so damn valuable that all I have to do is invite you to take a look at it, and I never, ever even get to sell you anything. I don't even have anything to sell you. I don't have brands for you to invest in. I don't have anything like that. I just have the invitation for you to take a look at the education and the possible opportunity of becoming someone who distributes the same education. That's all I have to do.
Speaker 2:I don't know that I have a quicker route to being an undoctor than directly through wealth builders. I'm the undoctor, right. I help people undiagnosed, unmedicate and then indoctrinate, by realizing that by diagnosing them and medicating them, I've actually caused additional trauma and possibly harm to their psyche. I no longer have to do that. What I can do is offer, no kidding, an opportunity for a multi-handed business unit using a platform, but even underneath that, or along with that, the idea of education of exactly how money works in these trying times, such that you can make educated decisions in investment vehicles that you might consider, or in insurance policies that might suit your customized needs, or like how to actually make and where and how to spend your money.
Speaker 2:What is your percentage that should go into this bucket? How do you end up paying less taxes? How can you get yourself in a different tax bracket? How can you write things off? How can you get yourself into a vehicle that helps you manage a cumulative debt? The truth is, so many Americans are in debt, right, like so many, one way or another, most of us are in debt, and that debt is. We are basically making money to pay off debt and then borrowing money against an income that we don't even have and expecting to pay off that debt. It's just a silly process for which we just dig ourselves deeper, starting new businesses.
Speaker 2:I would say let's direct them to this process that I have inside of Wealth Builders. Let me give them an introduction and show them what's really, really here we are expanding as Wealth Builders. We're having actual on the ground events. There's one coming up at the end of January in San Jose. I went to the one in San Antonio, not far from you, pretty close down the road. I went to San Antonio last month with a thousand people from wealth builders and it was entirely inspiring, like literally I was with a thousand super cool people doing exactly what I said. All you have to do is be super cool in your presentation, have some high integrity and you never have to sell anybody anything and create a very, very handsome uh business in that process.
Speaker 1:Yeah, well, I love that. I definitely need to learn more about it because I'm passionate about doing that too. I've actually taught in uh to our young families at our church and to our young adults um, you know personal finance classes that I've built out and presented to them and have some stuff from like Dave Ramsey in there. You know the debt free living and off your credit card.
Speaker 1:I mean, you know, I don't go so far as to like no one should ever have a credit card, but if you are spending more than they're making on a credit card, then yeah, get rid of it. You gotta, you can't keep going further into debt and floating 25% interest rate credit card. It's crazy. Exactly. You're going to work for the bank for the rest of your life is what's going?
Speaker 2:to happen. Exactly, and the bank is happy to take your money and invest it in places where they don't share it with you. That's very, very true.
Speaker 1:A hundred percent. Yeah Well, dr Moss, you've been awesome. This has been a great podcast. I'm so excited that you were a part of this and you know, do you think there's anything else that you would any other seeds you plant with people to help them find better ways to be more productive and offer value in their communities?
Speaker 2:Well, you know, what's really here is to create a proper foundation, and one of the things I said when I was down in Scottsdale at the recent growth and development course with my wife and friends is that in real life, love comes before business. That's really important. So many people have now put their business in front of their relationships and, if we really want to look at where the damage is getting done, so many people have since sacrificing their relationships as a function of they're too busy or they get. You know, they're taking on their business and that's what they're falling in love with. I have the opportunity to have a beautiful wife and a beautiful life and, you know, I've, you know repaired my relationships with my siblings.
Speaker 2:I have two incredible kids that we've already talked about, that are just like my best in the whole world, that we've already talked about, that are just like my best friends in the whole world, and I have to say that, amongst all of these things, starting a business is really critical, but it's not very critical if, in fact, the sacrifice is your primary relationships. So please make sure the foundation inside of your relationships is sound and rich and completed, like. The idea is that there's no dirt like no overwhelming dirt and toxins all over your relationships and that you're sustaining, maintaining and growing those relationships, prior to thinking that a business should take the front edge ahead of those relationships Really critical to in the interface between business and relationships, to realize that love first, business second, yeah 100%.
Speaker 1:There's this guy, art Williams, who he built Primerica, which is like the largest insurance company in the world. But he says and he has a speech that he gives called the Do it speech and he says you have to put your faith first, you have to put your family second and you have to put your business third. Yeah, faith, family, family, business, cause. Otherwise, if you don't do those first two things, it'll it'll ruin your business anyway and you'll be left with no friends, no family, no business. Exactly right, yeah, yeah.
Speaker 1:Another thing I would add is just set goals for yourself. Take the first step. If you're thinking about going into business, offer it for whatever it is, give it away for free to somebody and see if it works. And that's the idea. Just do something. Don't just sit around on your hands forever. Do something with it. Exactly, that's all I add, and I'll post it here in the notes of the podcast. I'll link to your website and to Wealth Builders. And, yeah, I thank you so much for taking the time to be on the podcast and I'm excited to get posted out, All right.
Speaker 2:Awesome, thank you.