Financial Health With Dr. Bryan McElderry

Episode 98

What does your financial health look like? I’ve often found just like mental, physical, and spiritual health, we often make many mistakes and missteps regarding our financial health. How we view our finances, and our relationship with money can impact our overall health. Holistic life and business coach Dr. Bryan McElderry joins the podcast to discuss how he empowers his clients to achieve robust financial health.

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Episode Transcript

Dr. Richard Harris MD  00:00

If I asked you right now to show me what your financial health look like, could you would you even know where to start or what that means? Yes, we are a health and wellness podcast. But health is really four things. It’s mental health, physical health, spiritual health and financial health. And that’s what we’re going to talk about. In this episode, I bring back a good friend of the podcast, Dr. Brian McGilvery, to talk about financial health. It’s an amazing conversation and something that you need to think about when it comes to your overall health. Are you ready to boost your health, EQ and IQ? Cue the music?

Dr. Richard Harris MD  00:53

Join me Dr. Richard Harris as we strive to unlock the secrets of the human body. Strive for Wellness strive for great health. Follow the show on iTunes, Spotify, Google and Android.

Dr. Richard Harris MD  01:19

Now a word from our sponsors. Our first sponsor is Nimbus healthcare, the company that I co founded personalized medicine personalized results. At Nimbus. We don’t believe that there’s a one size fits all when it comes to treatment. And the data is starting to show that there’s a large variety of how people respond to certain things. And we’re in the Age of Science where we can use things like genetic testing and biomarkers to truly customize a plan just for you. And that’s what we do at Nimbus health care. We are in the hair loss and the hormone space. And what we do is we use lifestyle medicine, supplements and compounded prescription medication to tailor and individualize a plan just for you. If that sounds like something that you’re looking for, you can check out Nimbus healthcare.com or click the link in the show notes. Our other sponsor is CBD health collection. CBD health collection is the CBD that we use in the house. We use it. Our dog uses it love CBD health collection, it meets all of the requirements that we set forth in our CBD episode, organic us grown. They do a lot of third party testing so you know exactly what you’re getting in the product. And it works. My ordering data is wonderful when I take the product for sleep. And then I also use it for inflammation and recovery. If you’re looking for a high quality CBD that is third party independently tested, and who does research they work with universities to do research on their products to push the edge on CBD and make sure they’re staying current. That CBD health collection is the CBD for you. You could check the link in the show notes more head to our website, the GH wellness.com and click CBD at the top. And now to this week’s episode. Welcome to strive for great health podcast with your host Dr. Richard Harris. And I’m back with a another special guest. He was actually one of the first guests we had on the podcast. That was like 90 episodes ago. Can you believe that Dr. Brian that while episodes like yours, it was a years ago that you are on the podcast. But is it pumping episodes. And so have you you’ve been doing work too. That’s what we’re bringing you back on the show because you’ve gone into a new sphere lately and been doing some really incredible things about that. And what we want to talk about today is financial health because to me, I started looking at health late. It’s four areas, spiritual health, physical health, mental health, and financial health. And this is not the one that you hear a lot of health experts talk about. But if any one of these things is out of whack, you’re going to be out of whack. You can’t pursue financial health at the expense of physical health or spiritual health or mental health. It’ll throw things out of balance. Let’s start off with like real basic. What does financial health mean to you?

Dr. Bryan McElderry  04:07

I think you started off perfectly. I think that comes at the latter part where we’re talking about the mental and spiritual but I believe financial health is being able to have number one, a good emotional relationship with money from your heart center to your body to your mind, can you look at your bank account? And does it make you feel a certain way? What does that feeling look like to you? That personally is what it means to me off the RIP is to have that emotional connection with money first, and then we spend from there.

Dr. Richard Harris MD  04:36

It’s quite interesting to see people’s relationships with money. Because Brittany, my wife, she always was around people who when they had high net value, were terrible people. And so she had this association that money inherently is evil. She didn’t want to make more money. She thought she would become a bad person by making more money. Where as me And I always thought money was a tool, the more money I make, the more money I can flow to other things and help other people, whether that’s growth businesses, or charitable donations or church donations. And so for me, it’s not about making the money, it’s about the value that I bring. And if I bring value, I’ll make money. But it’s also the fact that if you are stressing about your finances, that’s going to affect your physical health. And we see that time and time and time again.

Dr. Bryan McElderry  05:27

Yeah, I think that the way you speak on your podcast, and we’re also friends as well, we talk offline a lot for anyone listening. When you’re looking from an external point of view, most people see health as just how you see a person physically. And then it gets even deeper as a physician, as a pharmacist as a nurse as a health care practitioner, looking on the internal side, how do you feel how your organs operating, and then now it is connecting to the emotional and spiritual which people can’t physically see, they only feel and now it’s coming into a tangible piece of how money relates back to your external. So if you don’t have the relationship with money, Richard’s probably talked about it on this podcast already. The the adrenaline, the emotions, the hormone levels are off, based on how your emotions are fluctuating just by you being able to look at your bank account or being able to receive more abundance in your life. I think if we did any studies, Richard, there will be definitely hormonal fluctuations, based on how people are receiving money, looking at money, deploying it, whatever it might be for them that lives.

Dr. Richard Harris MD  06:34

Yeah, absolutely. Because anytime you have emotion attached to anything, there are physical and chemical changes related to that. And whether that’s a positive emotion, you get good physical and chemical changes or negative emotion. If you’re stressed out, every time you look at your bank account, it’s gonna affect your health, and it’s gonna affect your behavior. Because you’re more likely to do things you know, you’re not supposed to do have you have a bad relationship with food. What do you do you binge eat? If you have a bad relationship with money? What do you do spend money on stuff you’re not supposed to? But in your world, you’d help people all the time with their spiritual health, with their business, health, their financial health? What are the common mistakes that you see people making when it comes to developing? What will you call a robust financial health?

Dr. Bryan McElderry  07:17

Yeah, I think most people don’t have a why behind why they want more money. It’s just we think I’m being more inclusive on this podcast, we think that by having more, our life will be better. So when I receive people coming to me, is typically, Hey, Brian, can you help me make more money? Or Hey, Brian, can you help me acquire business funding or get my personal financial credit situation and whatnot, in a proper place, I’m like, wonderful, we can do that. There are steps to do that. But the number one mistake is not having a why behind why you want what you want. And when that’s established, then we know the emotional connection and really, for some, it’s a traumatic experience. So they’re trying to get from pain to pleasure as quickly as possible. And the endurance of that journey. Many people want to skip that step. Just get me to the money. I’ll figure everything else out. But there’s a lot of healing that needs to be done in the interim, because most people don’t know why they want more. And that’s where you hear the stories of irresponsibility, the whole lottery ticket metaphor, all those things.

Dr. Richard Harris MD  08:26

Yeah. And this is so interesting, because we’ve said this before, when it comes to health goals, right? If you say I want to lose weight, and I say, Well, why do you want to lose weight? Well, I just want to lose weight, you’re not going to lose weight. It’s just not going to happen. That’s not a Why do you want to lose weight? Because you want to climb a mountain? Do you want to lose weight? Because you want to play with your grandkids? Do you want to lose weight because you want to get as strong as you possibly can get? Those are all powerful, wise. And there’s something I heard the other day and it’s called the rival bias. And it’s that once we get to someplace, we just think everything is magically going to be okay. All right. And it’s the same thing with money. If I just make more money, everything will be okay. Well, we know that lottery winners, most of them go broke professional athletes, most of them go broke. These are people millions of dollars are just dropped onto them. And they didn’t have the background behind it. And it ends up with big issues later down the line.

Dr. Bryan McElderry  09:21

Yeah, two books that kind of changed the direction of how I looked at money was the psychology of money and the energy of money. Both of those books gave me a different relationship. Because I grew up in Richmond, I grew up very similarly. And we grew up middle class. We had parents in the household, we had opportunities, and we were fortunate enough to do that. But just to be frank, there was still a lot of scarcity in the household that money wasn’t talked about at the kitchen table. And that bled over kind of into how I received it. I said I’m worthy of more but I don’t know how to steward it. I don’t have a good relationship with it necessarily. So I was very much of a hoarder, I would put it in the savings, I would put it away. So the energy of money and the psychology of money were two books that allow me to just see that it’s just an energetic shift. It’s a value exchange. And that could be a bartering system. That could be just your knowledge. And we don’t look at a piece of paper or plastic or a piece of metal the same way. So that is where we’re trying to shift in our culture,

Dr. Richard Harris MD  10:26

you brought up a really good point there, it’s that people, one of the mistakes I see people make is that they’re too afraid to deploy their money. Because of that such a strong emotional attachment to it, money is a tool, but you can’t be afraid to use a tool, if you have a hammer, don’t be afraid to hit a nail with it, that hammer has never been used, then it has no value, if it’s just sitting there not doing anything, and is that a mistake that you see commonly where people are just putting money in a savings account and not doing anything with it?

Dr. Bryan McElderry  10:57

For sure, I think more so now than ever, because cash is becoming more of a deflationary, I considered a liability at this point. Because when it’s not deployed, it’s losing value, because it’s not being used, or it’s losing money consistently in the place that you’re sitting it that, for me is a huge shift for people that they have to make is where do you want this money to go, and you have to give it a job, you know, the cliche saying, and for many, if they were to have any directionless podcasts of stuff, and again, disclaimer is not financial advice, this is just suggestions for you. But number one is, you can put it in a savings account. Because you may need just that emotional connection to get it from checking to savings that may make you feel a little bit better about deploying it. But please make sure that it’s in a highest yield savings as possible. Because most people don’t even know their interest rate on their savings account. It may be next, you deploy it into an investment. And maybe that investment is more passive for you into 401k, Roth SEPs things of that nature. Or maybe you deploy it to someone that can manage that for you. And that’s perfectly fine. And then you can get more active in your investing to say I want to invest into myself and my knowledge. And I want to grow my expertise. So there’s a level to being able to deploy. And I think that goes back, Richard to exactly why we’re here is there is an emotional, spiritual, mental connection with how people are receiving what deployment means because most See, I need to invest into crypto or NF TS or whatever else is on the market right now. And you haven’t even learned to deploy just into your savings. So I do think there’s a gradual shift there.

Dr. Richard Harris MD  12:40

You bring up a couple of key points here that are really important one, you always talk about sequencing, there’s an order of operations, we learned that as kids in math order of operations, right, exactly do certain things. First, when you look at a problem, you don’t just look at the problem and start putting numbers together. You know, as you see it, no, there’s and that’s how you get to the right answer. And a lot of people have never thought about that. And then also, we’re gonna come back to that in a second. But I think what you said is so key is looking at how you deploy your money, and what you look at as an investment in things that grow your own value are investing. So to me, my gym membership is not an expense, that’s an investment. All the money I spend on my body is not an expense. That’s an investment. That’s how far I’m gonna go was my health. All right, my health goes down the gutter, everything stops. So I’d rather invest into my body into my help. And I’ll be 40 next year, and most people look at me like, there’s no freaking way that you’re about to turn 40. And I say, Well, I just put a lot of work into myself mentally, spiritually, physically and financially. And let’s go back to that. That order of operations here. Now someone’s listening, and they don’t know where to start, because there’s a million different places that you can start. How is it that you work with your clients to best figure out? What is the best type of asset class for them to start deploying their money, because, you know, some of us are more risk tolerant, some of us are less risk tolerant, each asset class has different returns, and there’s different risks, and there’s different skill sets involved with it. And some of it just depends on you know, you and I spent last year figuring out for me, what’s the best asset classes for me to put my money in based upon who I am and what I want to do? Yeah. But for people who aren’t very good at that internal work, how do you guide them through that process of developing an investment mindset?

Dr. Bryan McElderry  14:40

Yeah, that’s a great question. And I think the first thing I try to get people to do is understand how valuable they are. So for anyone that is not privy to you can go back and listen to how I’ve evolved in my nature from our episode last time on here, but what I help people with now I help thought leaders and entrepreneurs to build their life in their business, and being able to find leverage in their financial situation, their business, whatever it is, meaning you have 1% better than yesterday, you have an upper hand every single day you wake up. And for most that might mean passive income. Because when you hear the word leverage, it’s more. So I’m trying to create passive streams. So I tried to get them to see how valuable they are. So the first deployment I’m trying to get them to do is say, hey, is there a snoo skill set that you might want to learn? Is there something that you could give value or into the marketplace and acquire that skill set because you have control of the outcome? So you’re investing into this cliche term yourself? So that’s the first asset class I try to get people to realize. And that’s where I practice that methodology as well is when I get money, I try to deploy and say how can I go get information, I typically hire mentors and courses and conferences and events. That’s just me. The second place for people is to find in this maybe go into more of a stock investing strategy. But think about it. If you look outside your window, or you look at your desk, or you look at your surroundings right now, what do you use on a daily basis? If you use those things, if you have Apple products, why don’t you have any Apple stock? Like if you have, you know, whatever it is for you. Just Just look around you? If you drink Coca Cola, and you love Coca Cola? Why don’t you have Coca Cola stock? For those people that are into health and wellness and fitness? Maybe you wear Lululemon? Do you have Lululemon stock? These are the things that I try to get people to realize, oh, I never thought of that. I’m like, yeah, the stock is typically cheaper than the buy. So grab up a few shares and just hold that. But that would be the first kind of asset investing class, and then get deeper into for people buying land, obviously, getting into real estate, buying land, getting something that’s not going anywhere, and having that ownership mentality, that would be the next deployment. And then it goes further and deeper into there. But if people just need it three places yourself, anything that you have around you, do you have that particular stock? And then do you have any land? Or can you acquire land or assets in that class, real estate.

Dr. Richard Harris MD  17:17

That’s great advice right there. Because that’s exactly how I started, it’s always been, if I don’t know, something I’m gonna invest in myself to learn. And then I’m gonna figure out how I can take what I know. And then use that to acquire different things. Last week, two of the companies that I consult for my stock options vested, and that’s a great email to get, you get that party email saying, Hey, you’re knocking options are available, you’re like, yes, this feels really, really good. And I realized that what I wanted to do as far as investing was invest in myself, and then take what I know and help these companies grow. Because based upon my experiences, and my knowledge, there’s very few people that have the type of background that I have in the PharmD MBA. And I realized that’s extremely valuable, how I think about things is extremely valuable, because not many people can aggregate all the different perspectives that I can integrate that information and come up with what I think is a solution to the problem. But that doesn’t mean that what I’m doing is best for you. You’ve got to figure out what’s best for you. People always ask me, Well, what should I invest in? I don’t know. What do you like? What do you like to do? What’s going to make you happy? What do you want to track and follow and feel like you’re growing as you’re growing as an investor and spirit and health and so forth. There’s no one size fits all when it comes to this and don’t just follow the crowd, which is probably another mistake that you see people make?

Dr. Bryan McElderry  18:49

Yes, I definitely do on that subject to, here’s my strategy. And it still applies to even people that are because there’s a lot of people, which is you even come into contact with that have a lot of, quote unquote, wealth or have a lot of income coming in, but their deployment methodologies, so there’s still a lot of new investors in the market. And what I do is, every time I learn something new about an asset class, I try to deploy a little bit more. So if I learn a little bit more about what Twitter is doing, I’ll put more into that. But that allows me to invest into me first, I’m saying I’m learning. Now I deploy. So if you’re learning something new about a company, put a little bit of extra that day just as an investment for learning into that type of company or whatever you’re doing. And then you’ll see that that compounds over time that you’ve created more confidence in yourself. But yeah, I do see that as an issue with people. And I like to look at as an opportunity that people don’t have a certain order in which they’re doing things. And I can touch on that a little bit more. But yeah, I do see it.

Dr. Richard Harris MD  19:54

Stay with what you know, all the companies that I first put my money in, we’re in industry means that I knew when a health tech company comes to me with a pharmacy product, I know the pharmacy space, I can take a look at it and be like, this is a really cool idea that solves a problem that I’ve seen. I can invest in that. And because of the investment I made in myself, I can help them solve the problem. I’m more of an active investor, when I invest in these companies, they get my knowledge and skill set along with it. And to me, that’s been a whole lot of fun. But one of the things that you just jogged my memory that we talked about last time you were in town, we went to an entrepreneur, brunch, and one of the people at that brunch, she has a very successful business. And she was paying for all of her supplies, like hundreds of 1000s of dollars in supplies, on a debit card. Yes. And one of the things I see on your stories all the time, is that people are still paying for things with debit cards. Now, there might be a reason for that. But in general, there’s something better than that. This is something you talk about all the time. Why is it that we should not be afraid to use credit cards for these situations?

Dr. Bryan McElderry  21:10

Yeah, yeah. So most people look at credit cards. Obviously, from a historical standpoint, the first ever credit card that was created was the diners card. And it was a exclusive car, the 1960s 1970s. And then we looked at how the evolution of the credit card, it was always exclusivity. And if we try to look at the history of it, it’s still fairly new. When everyone sees all this financial credit cards, get credit cards, get credit cards, we’re still learning in the last 10 years. All these products that you see credit cards, they’re fairly new American Express has been a household name and the credit card industry. But the first thing I tell people is that a credit card is for protection. Before you get into points and miles and leveraging and cashback or whatever value you get back, access into lounges, upgrades, look at it as a protection mechanism is a key. When you’re using it, if you swipe your debit card, your whole bank account savings account accounts are exposed. So if that gets compromised, I know someone on here has probably been through it at some point that something went wrong, and it took the bank 10 days or a week to get your money back. Well, if it’s a credit card, you can call that company say it was incorrect. And now you got it back in your account. It wasn’t even your money to begin with. But that’s the first thing I try to teach people. The second thing is that these credit card companies have always been trying to incentivize us. But again, it goes back to the mind frame. If you get a letter in the mail that says Sign up for this credit card. You’ve been so traumatized, and we’ve been traumatized myself as well, that these things are scams, that that’s not real. They can’t just give me points for nothing. Yes, they can. They’re trying to incentivize you the whole point of a credit card, the banks and financial institutions make money number one on your swipes in your transactions. So there’s a transaction fee. So the more that you swipe, they’re making money, they’re incentivizing you to swipe more on those cards. As you swipe more, what can they do, they can incentivize you with cashback, airline miles, hotel points, or credit card points, the four currencies have credit cards. So once they do that, then they can send you an offer in the mail to acquire new customers. That’s their cost of acquisition. That if you spend $4,000, in three months, naturally, they will deliver you roughly 60,000 points, that’s just an example. So we look at as they can’t just get me free money. But if you read the fine print, if you already spend $4,000, in three months on your groceries, your gas, your bills, well, you don’t have to do anything different. So you’ve got protection and free money. That is kind of the entry point that I try to get people to realize those whose perspectives. And then we gradually I say, hey, for this week, maybe just pull out your only credit card that you have. Let’s not try to get a new one right now. And start putting your debit card away and start using the credit card that you have. I don’t care about the currency right now. But start getting used to using it at the gas station or the grocery store wherever you

Dr. Richard Harris MD  24:17

need. Yeah, and this is something that happened to us recently. So my wife when we first met, you use her debit card exclusively. I got her a credit card, her credit wasn’t that great. And so I said, Okay, we’re gonna rehab your credit. We’re gonna start paying this off every month. But she was one of those people that she had those Macy’s and all those other credit cards, and she just paid the minimum every single month and I’m like, Well, how much do you actually owe which is like, I don’t know, how do you not know how much you actually owe? Let’s dive into this because it’s better in your situation to just pay this off if you have the money. And if you don’t have the money to just pay it off when you buy it. You shouldn’t be buying. We went through a whole credit rehab session with her and She lost her credit card and they got picked up. And they got used by somebody for like, I think was almost $10,000 at Nordstrom. Wow. And so just like you said, called it up and said, Hey, this is fraudulent. New Credit Card came couple days later, charges disappeared in two days didn’t have to deal with my own cash didn’t interrupt my flow because I also don’t have one credit card. I’ve got a credit card I use for recurring expenses and a credit card we use for out that that way, so there’s no disruption, if I lose one. Okay, I can temporarily do something until I get it back up. But it was super simple. 15 minutes $10,000 was erased. Hmm. That easy. That’s one of the reasons why I’m such a big proponent of credit cards. Another one is that if you pay it off, I haven’t paid for a flight in years. Exactly. Exactly. But just by routine spin, okay, my rent, okay, my groceries, okay, my cell phone, all this stuff. Netflix, whatever you call goes on there gets paid off at the end of the month, I accrue points. And I use those points for whatever I want to use them for.

Dr. Bryan McElderry  26:03

Exactly. And I think what the audience needs to hear too, is because maybe this is more of a new introduction on this podcast is that when Richard and I got deeper into his financial talk, because we started off as friends in the health coaching and holistic health realm, which I’m still a huge advocate of, and I still dabble in there. But when I asked Richard, I was like What’s in your wallet? He was already savvy, like you were already savvy in this and I think that’s the beauty in how you’ve invested into your knowledge into saying, Okay, I steward my money, I deploy it, how can I make this easier and protect myself and bring returns back on money that was already spending. And that’s the beauty in this kind of, I don’t even like to call it a game. But this sector of finances because it’s not one way fits everyone. You just heard Richard say that he has one credit card, a business credit card, one for recurring one for out in that workflow works fine. I’m over here with like seven, eight personal cards, close to 40 business cards, and I’m working in a different way. And neither way is incorrect. I think that’s the beauty of what we’re talking about here is just finding ways that you can bring value back into your life, your business, your family, that makes sense for you.

Dr. Richard Harris MD  27:16

random question, but for the average person, I tell them we need to exercise 150 minutes a week of moderate 75 of vigorous right? Meditation, you want an hour a week of mindfulness, but you want to get seven to nine hours of sleep. There’s time periods here, I know how much time I spend on my financials? How much do you recommend that people spend, like look at their financials learn, spend the time to invest in themselves, just so someone can have a goal of what amount of time I should be spending on learning more about my financials and how to optimize my financials,

Dr. Bryan McElderry  27:51

every situation is different. I’ll tell you my way of shifting my energy and how I begin to look at it. I didn’t used to look at my stuff. I would look at it the end of the month. But I never used to monitor it maybe weekly, bi weekly, I would slipped at it in the month, I went from not looking as frequent to very extreme, because that’s just how I work. I formulated an Excel spreadsheet. And I said, Where do I spend my money. And I put a column on each thing. And every day I would leave, I said, I’m going to type in, I started this Excel spreadsheet, I’m gonna type in exactly how much gas was. I knew I had it, but I needed to physically start looking at and being active in doing that. So for me, if it was hours, I was looking at it probably I would say maybe three or four hours a day, I was looking at it almost every time opening it up, open up the app, open up the app open up the app. So if anyone doesn’t want to go to that extreme, I would say set a calendar, which I do now. And I set aside just 10 minutes in the morning to check where my status is. But I do it daily now because I’m more active in where my money’s being deployed, was actually in my calendar check financials for 15 minutes at about 8am. Because the markets opening and things like that I want to see where my money’s moving. I don’t know about an hour’s timespan of how much how many hours but I would say if it were days, start off weekly. If you’re only looking at monthly start off weekly. And then if you want to scale back a little bit more extreme go to daily.

Dr. Richard Harris MD  29:27

I look at my stuff just briefly in the morning, just because I want to see how markets are trending because that helps with a lot of the companies that I’m in because we’re seed precede. We’re starting to raise money. That way, I can see what the general market is feeling like when I just take a look at and it’s not necessarily just my stuff. I just tend to look at market trends in the morning, how things are moving, what sectors are up, what sectors are down what people are saying about the future. And then every Saturday I’ll spend a little bit of time reviewing everything More in depth, I’ll block off like an hour on a Saturday where I just review personal financial business financials, review my projections where I am and how I’m going to get there, it would be the same thing. If I had like a fat loss plan, I would review periodically where I am, what’s working, what’s not working, and then tweak it. Same thing, if I wanted to learn a new language, and review where I was, what’s working, what’s not working and tweak it, I found an approach that works for my health, it works for my mental health, my physical health, my spiritual health. And I just took that same approach that worked for me, and then made it work for my financial health, because I’ve already found the system that worked for me. And so I just deployed that same system over here with financial health in the last couple of years. And it’s worked out very well for me, because now I’m in alignment with how I worked for my mental health, my physical health, my spiritual health and my financial health.

Dr. Bryan McElderry  30:53

Yeah, it’s interesting, you said that one thing that stuck out to me that relates really to this time, when people listen to this podcast, we’re at mental health awareness month. And it’s also the toughest month financially for people with rate hikes, with the downturn in the correction of the market, with everything getting more expensive with inflation, and they’re trying to balance this act, if you weren’t active in looking at where your finances stand, then you’re at the disposal of whatever outcome on the other end. I know a lot of people now now that I’m kind of in this sector in this industry, or it’s an arm of my business, that most just think that they have enough. But they don’t know that actually, it’s losing value. Well, you could say, for example, I made 7580 grand, maybe you’re in the six figures, and you think you’re doing well. But that six figures, if it’s not deployed, right, it’s 90 grand, or it’s 99 grand, or it’s 98. It’s those little intricacies that we don’t see that by the time the next five years. You’re wondering, why can I barely invest into these things? Why not have as much discretionary income as before? And I know we see it, you probably see it as well, Richard more so being directly on the front line still and think about interns that are coming out the three times amount of rent that they need to show to just get an apartment. You It’s interesting time that we’re in. And I think that’s why more people than not are asking how can I create a side hustle? How can I create extra income? How can I invest?

Dr. Richard Harris MD  32:35

Yeah, absolutely. The earlier you learn these things, the better. It’s never too late to start. It’s never too late to start. And it really doesn’t take that much money to start doing some of these things to build up over time. Just like you build up your knowledge and your skills with everything else. You can build up your knowledge and your skills with your financial health and dramatically improve things for your life in the near term. And in the long term. You know, another thing that I see all the time, especially in American culture is we are a very consumerist culture. And we talked about this kind of earlier that why people just buy things just to buy things. A lot of times people often think about Yes, you want to think about more, but also think about, can you deal with less,

Dr. Bryan McElderry  33:22

about five years ago, when I stepped into entrepreneurship, I felt heavy. If anyone relates to this, and you love fashion, or you love clothes, or you love shoes, or you like to look good, or maybe you like, just nice things in general, maybe you like nice dinners, nice restaurants. I began looking at my life. And I said, okay, all these things are wonderful, I feel good. But when I started really looking at why I want to do something and what I wanted to do and what I wanted my life to look like, I felt heavy for some reason. So I looked up this term, and I said, Okay, what does this look like to not feel heavy on my mind, my heart, my body, and I found minimalism. I look at all the successful people, quote, unquote, successful you put that whatever terms if it’s monetary, or whether it’s happiness, or whether it’s health, you look at all the successful people and they are operating with less typically, if they have more, that more is coming from a passive income stream paying for that more. So it’s like a toy. It’s like an enjoyment. That’s what brings them joy. But I think that consumption of things, but also the consumption of information is hindering a lot of people. And we’re finding ourselves in a consumptive market now, which I thought beautifully, the pandemic as harsh as it was. It got people to realize what was really valuable, but now we’re back into the consumption mechanism of just spending money because we’re back to this norm, when we have a huge opportunity for most people. To change the direction of their lives, the way money’s changing now how people make money, there’s so much abundance out here, it’s interesting for people to not operate with less, and look at how they can invest more into themselves and into, quote, unquote, their future, because Tomorrow is not promised. And

Dr. Richard Harris MD  35:15

information will always be the number one asset of all time. If you have information, then you can deploy that information that is always been the key to success. And even more so now, because of the way that you can acquire information is never been easier to acquire the information. But you also have to be judicial, in the information that you listen to really try to think critically about the information that you hear. It’s one of the things we always mentioned on this podcast, don’t just believe me, I give you access to the studies. So you can go then you can evaluate them and make your own conclusions and filter them through your own life in your own experiences. But Brian, thanks so much for coming on the podcast today dropping some gems for people, that people are more interested in learning about you and all the services that you offer, working together to find out about you.

Dr. Bryan McElderry  36:09

I appreciate it, Richard having me back on man. And for those that are listening that maybe thought this conversation was good. And, and maybe it was Elementary, because maybe you’re at an advanced level, you’re like I’ve got all my stuff, just be mindful that finances are very intricate, and it’s very detailed. And when we’re speaking on these platforms, just like in health, if Richard’s not talking to you directly and giving you direct advice from a medical and data analysis standpoint, and we’re putting people at harm’s way, that’s really where I wanted people to understand that. So Brian mcadory.com is the first place that people can go, we recently just launched our leverage coin, we now actually have our own crypto, currency or just currency. And my point of value to that is bringing utility bringing people value to where they can get the information, but they can also hold a currency associated with knowledge. So it’s like a learn to earn methodology. So the more you learn, then you can also earn as well. So Brian mcadory.com, you can join our Discord and then just learn more about it from there.

Dr. Richard Harris MD  37:10

Awesome. Well, thank you so much, Brian, for coming in for all that you do the all the hard work you put in and the enrichment that you give to people daily. Also follow him on social media. He posts a lot of great stuff on his socials that can help you with your finances, your mindset, your spirit. All good work. To my listeners. Thank you for listening to strive for real health podcast with your host, Dr. Richard Harris. We’re coming up on 100 episodes. I don’t know what to do, I figure I need to do something that’s going to be soon we’ll figure it out. But thank you guys, have a blessed day. Thank you for listening in to strive for great health podcast with your host Dr. Richard Harris. It’s our mission and goal at the podcast to impact as many lives as possible to empower individuals to take control of their health and live a life full of joy and purpose. You may help us achieve this mission by leaving a five star rating and review on your preferred podcast platform. And by sharing this podcast with anyone you think it may help. You can also support the podcast by making a donation to your favorite charity. If you do so and send us an email. We’ll give you a shout out on the podcast. Because here’s the strive for great health podcasts. We’re all about charitable giving and making the world a better place. Thank you for listening and God bless

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