Redefining Wealth with Patrice Washington

Finish Strong: Determine What’s Important Now

“Intentions without a sound strategy is just wishful thinking.”
How many times have you said to yourself, “This is the year I’m going to do this,” or “I’m finally going to save money,” but nothing happens?
That’s because you need to learn how to finish strong.
It’s easy to say you’re going to do something, or make plans for getting things going “one day”. But one day will probably never come.
You need to learn to shift your mindset and your habits.
For example, instead of saying “I’m going to save more,” make a clear goal. More could be a dollar a month, and is that really going to help?
Once you’ve decided, ok I’m going to save ten percent of my check each week - then come up with a plan. What are you going to cut out to make that happen? How are you going to control your spending?
No dream can become a reality without a solid plan.
On this episode of Redefining Wealth, we explore ways to make sure you finish strong. Anyone can create an idea, but only those who are truly prosperous can make it a reality.
Download this episode today to hear tips and tricks to making sure your promises to yourself make it to the real world.
“Pride had no place in the life of a truly prosperous person.”
The Cliff Notes:
Find well-being in every area of your life.
You can’t do what you say you want to do without a plan.
Identify what matters most.
At some point the pain of not doing it is greater than the pain of doing it.
Find something that you are ok with the inconvenience of doing the work.
Define what you need to win.
Clarity brings confidence.
You have to be clear about what you want before you can bring it forth.
When you set something you know you want, you know when you want it by.
Take the time to track your progress.
Use accountability partners so you don’t let yourself off the hook.
Don’t be embarrassed to share your goals.
Move away from things that are a hope, a prayer, or a wish.
Don’t use generic terms like “I want to save more” or “I want to pay off debt”.
Give yourself deadlines.
Use visual representations of your goals.
Don’t be busy, be productive.
E-mails shouldn’t be a priority.
Limit your social media.
Take your time back.
Every minute counts, don’t let people talk just to talk.
Create email templates for information you give our over and over again.
“If you don’t know where you are going, you’ll never get there.”
View the show notes and resources at PatriceWashington.com/Listen

Latham Thomas: The Necessity of Sacred Spaces

Do you ever feel like you need to keep busy? That you need to rush rush rush, and keep on the move in order to get what you want? Chances are you are doing more harm than good.
We get lost in the rush of life sometimes, and what we really need to do is take a moment to ourselves.
“You have to cultivate within what you are asking for.” - Latham Thomas
We are taught that as adults we need to stop playing, that it’s only for children. The truth is we need to take time out of our day to play, because that’s when we are the most creative.
Even companies in Silicon Valley have discovered the rewards of play and tapping into your inner self by setting up game rooms. We all need that time to ourselves to just let our brains do what they naturally want to do.
Take time every day to step away from technology and just let your mind wander. We all have a GPS inside of us that guides us to where we need to go. If we don’t take the time to check in with our intuition and creativity, we’re going to get lost and end up on the wrong path.
On this episode of Redefining Wealth we are joined by an amazing guest, Latham Thomas. Latham has studied and harnessed the power of our inner GPS. She joins us today to discuss what we need to do to make sure we are really listening to ourselves and going down the path to the wealth we want.
Download this episode today to learn how you can get in touch with your GPS and find the fulfillment you deserve.
“We have to be mindful what we consume and what consumes us.” - Latham Thomas
The Cliff Notes:
We transform everything that is handed to us.
A lot of people know what to say, that doesn’t mean they embody it.
When you learn something, put it into practice.
Let your intuition be your guide.
There is a timeline of this life in this body.
Check in with yourself constantly, like you do with your GPS in your car.
Always think about the process about how you want to show up.
If you don’t feel like doing it, just say no.
Control what you allow in your space.
You need to recharge yourself.
Try everything and find the things that work for you.
Give yourself time to play.
A real break is taking yourself away from technology.
Wealth is a birthright.
“Play is an important pathway to creativity.” - Latham Thomas
Show notes: PatriceWashington.com/listen

​Sheri Riley: The Value of Being Present

“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

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

“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

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

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

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

“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

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.