Why Money Doesn't Stress Me Out: My Secret

So I only spend about 1/100th of what I could spend, and this actually allows me to take more risks that other people couldn't take. So a few months ago, I had a friend come up to me and say, Bridger, it seems like money doesn't really stress you out. This is amidst— we've had lawsuits, we've had employees doing crazy stuff, crypto. I run a crypto hedge fund, and crypto was crumbling, FTX was blowing up, and he's like, Bridger, you don't seem that stressed out about this. Like, how do you do that? Or are you stressed out? Maybe you just wear a good face or something. How do you do this? And actually, I thought about it for a minute. I thought, yeah, you know what? It actually doesn't stress me out that much. Yeah, I do feel stressed, but I'm not pulling my hair out and actually can go through things in a very level-headed manner. So in this episode, I wanted to walk you through my process of how to build kind of a kingdom or a portfolio like that that doesn't stress you out. And I want to share 3 specific things that you can build when you're building your wealth that won't stress you out. Even if your business gets a huge lawsuit or something crashes in the market, that you'll actually be in a really good spot and be able to weather the storm well and make very clear and rational decisions. Decisions and not decisions based on emotion. Now what I'm about to share with you, I've never seen anyone else teach online or YouTubes or podcasts before. This is something I've built out for my own personal portfolio. It's actually served me very well. So with that, let's go into the first thing is number 1, get your house in order. I've got a friend that was on Instagram, had the cars, had the house, had all the cool stuff, and the moment the market hiccupped, all of a sudden he was in panic mode. And he didn't say it online, but privately he was messaging, hey, can you buy my car? I'm gonna set up a discount. I'm trying to sell my house. I'm trying to get all these things because He was so overlevered. There's a lot of people that me and you know, it doesn't matter how much money you give them. You could give them a $10 million lottery and they will lever up and they're going to get debt and get big loans on their houses. They're going to try to live the biggest, largest life they can live. And what happens is the moment the market hiccups, they get really stressed out because they're going to lose all the stuff they bought. For me, I live in a relatively small house. My mortgage is $1,600 a month and I leave it because it's a 2.5% mortgage, but I could pay off my house right now. My cars are paid off. So if the market crumbles, if my business crashes, I go, well, as long as I make $1,600 and maybe, maybe $2,000, $2,500 for gas and food, I'm good. And guess what? I can make that at McDonald's. Literally, I could work at McDonald's and make my monthly expenses. That's how small of a life I live. I spend about 1/100th of what I could spend. So when you have your monthly expenses low and additionally you diversify your wealth and income sources, So I go out and I follow a 40/40/20 rule. I put 40% of my investments into very safe, boring stuff, stuff that produces like 2 to 4% a year. I mean boring stuff. The middle 40% is kind of middle risk. That's stocks, that's real estate. And then my final 20% is high-risk investments. And so I know, hey, if my 20%, you know what, if it blows up, the market goes down, I still got my really safe 40% and my mid-risk is pretty safe as well. And so I'm not stressing out even if the market tanks. I'm doing okay because I have my house in order and that low 40% Really, really good. Now disclaimer, this is not financial legal advice, but this is just what I do, okay? So you can already see from number 1, get your house in order, why if something hits me or a lawsuit or a big market crash hits me, I'm not that stressed out and I haven't even shared 2 or 3 yet. So with that, let's now dive into number 2. One of our core values at Funnel Launch and all my businesses is integrity without compromise. Something that helps me sleep really well at night is having that core value in myself and all of our employees. That we have a deep sense of honesty with our investors, with people that we work with, our clients, our students, our employees, everyone across the board. And because we really live that core value, I don't get that stressed out because I feel like we're doing right to our investors. We're doing right to our customers and our clients. And yes, maybe my fund will lose money for an investor, but at least we didn't do it fraudulently. And I've always told them, if, hey, if I lose money, you will know from me. I'm going to send you reports every 15 days. You get a report from me, good, bad, or ugly. I'm okay sharing bad news. I'm going to give it to you straight. I'm not going to fudge numbers or lie or anything like that. Integrity without Compromise is one of our core values. So even if the market crashes, we get an audit or something happens, we kept our integrity throughout the whole process and we'll come out on top. So if you do number 1, you get your house in order, and then you do number 2, you have integrity without compromise. This leads into number 3, where you can play this like a game. When I talk to really wealthy mentors, people that are billionaires or centimillionaires, they always talk about business like a game, has a game-like mentality to them. It's like playing Monopoly or a video game. It's very interesting to see how they talk. And think about the markets in this space. If someone sues them, if they have a problem in their business, they treat it like a game-like mentality. How can they move the chip pieces or the chess pieces to go and strategically place them in a stronger position or hold? And what happens is, again, if you do number 1 and number 2 successfully, you can start stepping back and treating this like a game. So if the market crashes and you're all stressed out and worried about it, look at how this affects your competitors, how you can position and gain market share. How you can work with your current investors in your fund or your business to help grab more clients or customers. How can you grab employees from competitors, pull in new softwares, merge with other companies? You start to play this like a game-like mentality. Now the opposite is also true. People that are overleveraged, that don't have honesty, they can't play it like a game. They are so stressed out that they make emotional decisions instead of rational and logical decisions. And over the course of a year or 5 years or 10 years, Those people are beaten and the people that can play a logical game usually end up winning. So hopefully that gives you a good framework of why really money doesn't stress me out and why I like treating this like a game. If we tweak a thumbnail or a title, how many views can we get in the markets? If we tweak these few things, what kind of money can we generate? If we change our portfolio strategy, if we change how we approach investors, what can we get out of that? Additionally, with Fund Launch, how can we position ourselves against competitors and gain more market share? And all of a sudden it's really fun to go to work. It's fun to grow this thing. And that's why money and even money problems really doesn't stress me out. So with that, thank you guys for listening, and we'll see you guys in the next show. Peace. Peace.