The Best Investment You Can Make Is In Yourself! - podcast episode cover

The Best Investment You Can Make Is In Yourself!

Dec 02, 202228 minSeason 2Ep. 41
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Episode description

This week I talk about money. 

We're not supposed to talk about money. Some say it's vulgar to do so. 

Certain employers are known to have clauses in employment contracts that prevent you from discussing money. And we wonder why pay disparity still prevails.

The great thing about having a podcast is that I don't have to follow conventions. I can and do, say what the fuck I like. 

It's important to discuss money. Not in terms of how much you have necessarily, but what it means it to you and what it can do for you.

We all have our money stories. And we've all been told how best to use money, where to spend it, what to spend it on, and the best way to invest it. 

But all those stories have been told based on someone else's experiences and beliefs. Have you ever stopped to think about how you want to spend your money and what's of value to you?

In this episode, I break convention and talk about money and actual figures! Yep, I'm discussing money I've spent, what I spent it on, why I spent it, and why I now firmly believe that the best investment you can make is to invest in yourself!

By the end of the episode, you'll be thinking about money (and value) differently.

What's your one takeway from this episode? Send a text & let me know

Support the show

Buy me a coffee

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🚀 Get my book, The Triple C Method®️

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Transcript

Ryan Spence

There's no right or wrong answer. It's all about well, where do you see the value? What is the return that you're getting on that? And is it worth the amount that you're paying? And for me, whenever I've invested money in myself in my brain, in developing my skills, in developing my self awareness, in gaining clarity on my vision and building my confidence and building my courage,it's never been wasted.

Rafa

You're listening to, The Triple C Project.

Ryan Spence

Welcome to The Triple C Project, the podcast that helps you gain clarity, boost confidence, and build courage, so you can live life lit! I'm your host, Ryan Spence, the BigLAw dropout, life coach, author, speaker, lover of hoodies, hip hop, and big, hairy, audacious goals. If you're tired of living the life you think you should want, and ready to start living the life you do want, this podcast will help you get, from where you are, to where you really

wannabe. So nows we're friends, I invite you to grab a drink, take a seat, and allow me to guide you towards living, a life that's Lit!. Hey, welcome to episode 41 of The Triple C Project with me your host Ryan Spence, your life coach, author of The Triple C Method, gain clarity, boost confidence and build courage, so you can live life lit! Just the average human trying to do good in the world, trying to make a positive impact on everybody and every thing. Today I'm going to

talk about money. Money is a huge subjects, there are so many different things I would like to dive into and I probably will do in coming episodes hoping to get some guests on to talk about money mindset about managing your money about money stories. Because money, money's heavy. It's one of those things we're told not to talk about. You know, I know in some jobs you it's in your contract that you're not allowed to talk about how much you work with other

people, which is bullshit. It's just a way of a way of playing people off what's one against the other. And it's the reason why so many people feel end up being underpaid in comparison to

the colleagues. But money, money is a thing, it triggers people, everyone has their own idea of money of what's valuable, what isn't most expensive, and what's cheap, how you should spend it, whether you should spend it or whether you should keep it some people hoard money, some people just freely spend it, there are a whole host of different ways that we interact with money. And money. Yeah, there's just a lot I just trying to think where to go. I have nothing planned for

this episode. But I wanted to touch on money today. And I wanted to touch on just the way that we use money, I just made a pretty significant investment in a new certification that I'll be taking coaching certification, I'll be taking in the in the new year. But what was interesting to me when I made that investment is how it just felt really easy and calm in my body. Whereas going back a few years, spending a fraction of that money was huge deal. It was I could really sort of feel it in

your body. And these are the things when we take certain actions, they're not just in our head, you can actually feel there's a physical reaction in your body. Whether that is your parasympathetic nervous system is just keeping you nice and calm and at ease. Or if you're doing something you've never done before, you know, I mean, your sympathetic nervous system kicks in. And you just feel this tension, this anxiety. And it's good to recognise when you take certain actions, how that feels

in your body. Because you need to understand how it feels. So you can determine not only whether or not you should be doing the thing, but also how you can manage it. And one of the things I do with clients is coaching is working on managing your your nervous system. But that's another story we'll come

to then at the time. Anyway, I'm going to talk a little bit about numbers and how that can be triggering for people sometimes because we're told not to, not to talk about money, but it's my show, and I can do what the fuck I like. And I think it's just helpful for you to see and understand really kind of just value of investing in yourself. We're told that good investments are buying a house or a good investment is paying for college or university. But actually I

would beg to differ. It's not that they're not good investments. I just do not personally feel that they are the best investment knowing what I know now. So when I went to law school I I took out a loan, initially I didn't have a job to go into onto, so I was going to be paying my own way through law school. So I took on what the time was called a professional studies loan. And that money was the most amount of money that I

had seen in one place. And it was I'm talking US dollars, because I know from the from the analytics, most of my most of you listeners are in around the US. And also everyone understands us is the word currency, whether we like it or not. But that was equivalent of around 30,000 US dollars. And that was huge, because I knew that I had to pay that back. And at the time, hadn't she had no idea how it was going to do

that. But I was confident enough in myself that I would get a gig, I mean, get a get get a law job, that that would allow me to do that. And I did. Literally I was due to start law school on the Monday and on the Friday, I had my interview at the firm, I ended up joining and found out

that I had got a place. So the 8000 pounds, which is about 10,000 US dollars, that I was actually going to pay for law school itself was going to get covered, the money I was going to need for living expenses, some of that was also going to get covered. So the pressure was immediately taken off, in terms of paying that back. So I took the additional money still and I used it to go travelling, which

was amazing. And that was travelling, it was probably the first real investment in myself sort of outside of education. Because for the outside looking in travelling would seem like a frivolous way to spend 1000s of dollars, you know, you're gonna go and spend six months going around the world and drinking and partying and seeing stuff. I mean, wouldn't that be better invested in stocks and shares and sort of solid assets that are going to generate income?

And I think no, because the memories of what I learned in that travelling, the people that I met, the things that I saw, the way that it opened my eyes to possibilities to opportunity was invaluable. Like, no amount of money could have bought that, you know, it was, it was the best way that I could have spend that money, I could invest that

money. And that was probably as I say the what I would class as the first real investment in my self, not in something that people said that I should do not in something where the aim was to go on and get a job or sort of follow a well trodden path. But it was something that was going to value me internally. I mean, create new thoughts, create new ideas, show me a whole new way of living. And I didn't really think, think that at the time. But looking back in hindsight, that was definitely a

point. And I had a fantastic time. And actually, it was travelling that made me realise that Singapore was where I wanted to be. I wanted to live one day. I remember sitting by Singapore river, the statue of St. Thomas raffles and I was sitting there talking to my then, my girlfriend at the time, and saying that of all the cities I've been to around Southeast Asia, and I loved Bangkok, I loved Kuala Lumpar,

big crazy cities. But being in Singapore, I felt like I could live here I felt like I was I was home, I could be happier. And again, without even thinking about it, I probably manifested the opportunity to eventually one day move and live in Singapore, which is what I did. Anyway, veering off topic a little bit. I was talking about investing in yourself. So that's probably the first sort of real investment in myself. But I didn't really think I made any others for a long time after

that. What I did was as I made money in law, and as I got unhappier in law, I spent more money on material things on expensive designer clothes. I remember the first might the first time I started as a trainee, I bought myself my first expensive watch. And I in many ways I was trying to fit in to the world that I thought I in the way that I thought I needed to fit in. Wear the nice th, wear the right things. I mean,

look the part. But also, as I progressed, in my career, I was trying to make myself feel better giving myself a reward for the sacrifices that I was making them for the fact that I was unhappy. So I was spending money, but I wasn't necessarily investing in my self. So I look back on that time not necessarily as a waste, but not as not as not always as the best way of using the money and knowing what I know now I could have used that money in so many

other ways. And I'm not talking about the traditional ways of investment either. You know, but also had nice holidays. I got married. I mean we had kids all of those costs money and that was all great, but it wasn't until I was on a way out of big

law. And I decided that I wanted to be a yoga teacher, I wanted to help people in the position that I'd been in unhappy lawyers, unhappy people in corporate who were trying to find their way I wanted to help them by teaching them yoga, because yoga had been a big part of my life. And it really helped me.

So the next big investment in myself was my yoga teacher training, which was actually significantly less than the $30,000, I'd spent on law school, and a little bit less than I spent on travelling, and you think when I worked it out, it was probably around 3000 US dollars, still a significant amount of money. But again, it felt good in my body to do that, because I could see what it was going to give me. And actually, it gave me a whole lot more than

I expected. And that $3,000, I'm still reaping the benefits of that now, the effects of that now, just the way not physically, in terms of learning the postures and learning how to teach. But just again, the thought process the the path, that it took me down the ideas that it gave me, the the different ways of looking at things and the knowledge that it brought me and also the knowledge that I realised I didn't have so much was gained from spending that money on that

thing on that training. And after that, there were other little bits of of investments that I made, as I kind of started to delve into the world of online business and start to try and find my way as to how I wanted the next phase of my life to be how I wanted to be as a yoga teacher, the type of business I wanted to run, the way that I wanted to make it make it work. There were trainings on creating a course on sales or marketing and that

kind of thing. And they all sort of smaller amounts of money. Again, and that felt like that, okay. But once I decided I wanted to coach, once that became apparent to me that that was the path I wanted to go out. The next big investment for me was my first coaching certification. That was a big amount of money, hey, I'm interrupting myself, to give you this short message. Now, if you're listening to this pod, you're likely looking to change your life. Here's the

thing. Transformation doesn't happen by doing what you've always done. It happens when you change your thoughts about what's possible for you. My book, The Triple C Method helps you do that, by giving you the tools and strategies to stop living a life of lethargy, and start living life lit. Described as a transformational toolkit. And the book I wish I'd had when I decided to leave corporate, the Triple C Method will change how you see yourself and how you

live your life. Available now as paperback ebook and audio book, read by yours truly, head to iamryanspence.com/book, or over to your favourite bookseller to grab your copy today. So you can stop living a life of lethargy and start living life lit! I was. So that was 10,000 US dollars, I spent on my first coaching certification. And there was a little bit of that sympathetic nervous system kicking in a little bit of our that's a big amount of money.

And it wasn't something that I did lightly, it took me a little bit of time to decide that, yes, this was the right thing for me to do, this was the right place to make that investment. And again, it is still paying dividends. Now, it was an investment in myself. It's knowledge that I have, that I will always have that I will always carry forward that infuses the way that I coach the

way that I help people. And, again, anyone from the outside looking in would look at that amount of money and say, well, that's crazy, why would you

spend that much money. But looking back, I spent far more than that a loss code, you know, people spend far more on that on a whole host of other things, which do not give them the value do not give them the insights and do not give them the I don't know what it whatever it is the peace of mind the calm look, whatever it is that investing in that certification gave me not to mention the value that it brings to the clients that I work with, by having those tools, those concepts, those

frameworks in addition to my own experience, to help them through whatever it is that they're going through. So that was huge. Subsequently to that I invested in my own coaching so I'd had a life coach before and the level of investment then was was, was not at the levels where it was just like, you know, that's a huge amount of money. It was, it was, it was a good amount of money, but not not crazy. But

then I got a coach. So I could have a coach alongside the certification I was doing because I wanted to be going, I wanted to have gone through the framework I was being certified in so that I could better understand my clients when I was taking them through the same framework. Because one of my values is what my core values is integrity. And I didn't feel right, taking my clients through something I hadn't been putting

myself. So I've had coaching before, it was very bold, it's really powerful, it really helped me. And so now I stepped into a another area of coaching. And that coaching was, I think, around eight, eight and a half

1000 US dollars. And, again, the occasion was powerful, even though I'd been coach before, even though I was now working as a coach, having a coach alongside that was super powerful, because the power of having coaches that they can see things that you can't see, because you're in it, you're in the midst of what you're doing.

And even when you know, tools and concepts and you've helped yourself get out of sticky situations, and helps yourself get on the path to where you want to be having somebody from the outside looking in, they can see things that you can't always see. And they can, it can effectively encourage you and guide you to go deeper within yourself to find the answers.

So, again, outside looking at spending eight and a half thousand dollars on a coach, that's crazy, like who does that you could buy a small car with that, you could go on a really great holiday without that money left over, you could go on a shopping spree you could go, you know, there's lots of other things that you could do. But for me, none of those things would have given me what that

coaching experience gave me. And all of these things compound, you know, the foundation of everything was my yoga teacher training. But then beyond that, there was the coaching certification then beyond that was my own coaching my own life coaching. Then after the life coaching, I invested in a business coach. And again, that was another huge investment, I believe the first round with my business coach was four and a half thousand dollars, I think.

And then the next stage was another six, I think I ended up working with her for around a year. And again, I got into business knowing I wanted to coach and having those skills. And then realising that there are all of these other things which I didn't know, which is the same for a lot of entrepreneurs, as I found out as I have these conversations, sales, marketing, I mean, just just figuring out how you want

your business to be. Because leaving the corporate world, you still have a certain idea of business, the way that you've been conditioned. But of all the things I learned from my business coach, and there were many valuable things which have really just helped me not only personally but helped me carry the business forward. It was learning that I can do this any way that I want to do it, I don't have to work certain hours, I don't have to do things

in a certain way. Like however, the business is an extension or can be an extension of me, I infused myself within that. And I build it in the way that I want it to run, build it in the way that I want to live my life, how I want to help my clients. And the value, the value that I got from working with my business coach, again, far exceeds the amount that I invested in working with her. And anyone, like all of the others would have looked at that and said, That's just

ridiculous. Like, why are you paying somebody that amount of money for? And it again, all comes back down to well, where do you see the value? What do you see the value? And do you see the value in spending? I mean, hundreds or 1000s of dollars on an expensive designer handbag? Or spending hundreds and 1000s of dollars on an I mean, some vintage bottle of wine or champagne? Or on that hotel or on? You mean whatever it is. There's no right or wrong answer. It's all about well,

where do you see the value? What is the return that you're getting on that? And is it worth the amount that you're paying? And for me? Whenever I've invested money in myself in my brain, in developing my skills, in developing my self awareness, in gaining clarity on my vision and building my confidence and building my courage. It's never been wasted. It's never felt wasted. And the value that I've achieved from that has always been far greater than the amount

that I've paid. So that's just a canter through some of the larger investments that I've made. I mean, there'll be no, there have been others and there will be more. Because each time I do it, it becomes easier, it feels more natural in my body. But also I have evidence of the value that I've achieved from the time before. But even beyond that, my brain works differently

now. So that even when I invest in a course, that maybe doesn't work out the way that I want it to work out for whatever reason, and it isn't always the fault of the course. It's just maybe I got something at a time when it wasn't the right time for me, or it just doesn't speak to me, it just doesn't resonate for me, I always get something from it, because my brain now works in this is an investment in myself. So if I've invested in myself, what am I going to get from that

investment. So I'd always take something away. Even if it's, even if it's the worst course ever, there will be some lesson, something of value that I take away from that investment. Because that's now how I look at things. So many story now is different. But I've really worked on my money story, I've worked on it consciously. And I've also worked on it subconsciously with a Hypnotherapist. I've read various books on money. And so the this whole concept of money, it's it is complex, there's a

lot of moving parts. And it's a huge topic. And it's something that I say I'm getting to explore further as I continue through these episodes, both by myself and with guests as well. But I thought it'd be helpful just to a be open with you on some of the numbers just to show you that as a coach, I invest in coaching, I believe in the value of coaching. And that's why I do that. And the value that I get from coaching far exceeds the amount that I invest in

coaching. Because I think particularly when you haven't had a coach before, it can be to help you. Obviously listening to this podcast is I hope giving scary to think about the amount of money that you might need to you a huge amount of value for nothing, for free, for gratis. hand over to get the help that you need. And then you're And I will continue to do that. You can also get a hold, grab a copy of the book, The Triple C Method. And if you want to have questioning, but is this going

to be worth it? Is this going to that one to one, support that accountability, if you want to help? I mean, is this going to be a value? So I wanted to let experience the power of coaching as I have, and as I say it's you know that those feelings are all fine and all perfectly really accelerated my life and also the life of my clients. Why normal. But what I would ask you to do in those situations, is not book a call and let's get on the call and let's have a chat.

And you can find out a bit more about how I can help you with just think to yourself, how much are you potentially going to whatever situation you're going through how I can help you get invest? And if you don't invest there, what is the cost that from where you are to where you want to be, how I can help you start to see things differently, start to see what's possible for you're going to pay? Because when you're somewhere where you you, where you can't necessarily

see it for yourself. Taking on don't want to be and you've been there for a period of time? What one to one clients, got a few more spots before the end of the is that costing you? What's that costing you in terms of your year. So go to iamryanspence.com/coaching. And time in terms of your energy in terms of your well being and you can read all about what I

do. And you can also book balance that against what the investment is in the thing which yourself a consultation call there, the consultation call is free. And even the consultation call has been said to just blow could potentially help you, whether it's a coach, whether people's minds to change their

perspective on things. It's also it's a therapist, whether it's certain education, studying been described by by one client as the best hour that they have whatever it may be, start to just reframe the way that you spent on themselves in a long time. So you've got nothing to lose by getting on the phone book a consultation call. And look at money. Because we've been conditioned, as I say, to

let's chat. Thank you for listening, I will catch you look at it as though there were certain things which are strong again next week for another episode of The Triple C Project. And until then stop living a life of lethargy, start living solid investments and a certain things which are just a waste of life lit! money. But no one's the same. Everyone has a different Thanks for tuning in. But before you go, the weight of limiting

beliefs is heavy. It literally weighs you down and keeps you perspective on money, everyone has a different idea of what is stuck in that life of lethargy. I know. It's why I stayed in big valuable to them. And for me, investing in myself has never law for so long. And it's why so many of my clients don't believe gone wrong. It's never never been a failure. Even if I never they can do the things that they want to do, or causes those worked as a coach, the lessons that I've learned from doing

limiting beliefs. It's a lack of confidence, lack of confidence certifications from being coached myself from working with in the belief that you can do the things that you want to do. And I've got something for that.

It's my confidence journal. It's a, with a speaking coach from, ya know what I mean, working six journal prompts that I created, that I've used to help with sales and marketing and all of those things are the things me get from where I am to where I want to be, to help to give me which just helped me in my everyday life, regardless of the belief to do the things that seem outside of my control whether I ran a business as a coach or not. So I'm gonna leave

outside of what I can do. If this sounds like you, you need you there because I hope money is something which you say we to get your hands on the journal. Best thing about it, it's free. All you have to do is head to iamryanspence.com, hit could talk about forever. But as I say, I just want to leave you the button for confidence journal, and get your copy with the idea that investing in yourself is the best investment today. It's gonna help you start to reframe your thoughts and get

that you can make. I want to leave you with that. I want you you thinking about what you can do instead of focusing on what you can't do. And shed that load of limiting beliefs that you to sit with that. And I want you to just think about where and don't need to be carried. See you again next week. And until when you've invested in yourself and what value you received from that time, stop living a life of lethargy and start living life that. And carry that forward. Cool. lit!

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