Matthew Gillogly walks through how to build financial skills from scratch, starting with his own $250,000 med-school debt. He recommends The Richest Man in Babylon, Dave Ramsey, and Profits First, and argues that money management is learned, not innate. He dismisses crypto shortcuts as a path to real wealth.
I'm not any good with money. Really? Because, well, I'm always in debt and I had to take, you know, a quarter million dollars worth of debt to go to med school and all of this stuff. Well, the reality is, is you can choose to be good with money. Look, I ask my docs all the time, do you think I could learn medicine? Most of them go, well, yeah, you're a pretty smart guy, Matt. You know, you clearly have dedication. You clearly know what it takes to be successful. If you set your mind to it, you could learn it. And you know what? They're probably right. I mean, if I really did set my mind to it and sacrificed, I could probably make it through med school. Maybe. I don't know. 56, who knows? But you get the point. Okay? But to sit there and say that you're not any good with money, you know what? I got a newsflash for you. Most people aren't very good with money. Most people have to learn the skill because our school system doesn't teach us the science, the concept of how money works. Okay, so if you think that you're not any good with money, you can go buy a book. You can go to a seminar. You can go get Ratit Semi's book. You can go get Dave Ramsey's book. There's tons of stuff about how to make money, and I'm not talking about hacks to go invest in crypto. That's not making money. I'm talking about the science of creating wealth. One of the best books that I've ever read about this is *The Richest Man Out of Babylon*, and it was a transformational book. And One of the things I have all my clients do is I make them go out and get the book Profits First and install the system. It's been life-changing for us in our company. Okay.
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