Ep. 600 - Ferrari's and Assets

Most people would call buying a Ferrari a terrible financial decision. He's not so sure they're right. In this episode, he breaks down the framework he uses to decide whether something in life is actually an asset or a liability, and it has almost nothing to do with the price tag. Supercars, parenting, sport, relationships, retirement, none of them are off limits, and the answer isn't always what you'd expect. Michael gets into why the exact same purchase or decision can build one person's life and quietly destroy another's, depending on the reason behind it. He's blunt about the kind of decision-making that comes from real clarity, and the kind that's really just insecurity wearing a nicer outfit. He also names two traps he sees constantly in people who've built real financial success: a mindset around retirement that quietly costs people their best years, and a habit wealthy people fall into that keeps them poorer in the ways that actually matter. This episode will change how you look at every asset, every liability, and every decision you've been putting off. In this episode: The framework Michael uses to decide if something is an asset or a liability Why he bought a Ferrari, and the surprising case for why it might be a smart decision The real test for whether a big purchase builds your life or quietly drains it Why parenting might be the worst investment and the best decision you'll ever make The retirement mindset that's quietly costing high performers their best years The habit financially secure people fall into that keeps them poor in ways money can't fix   When you're ready to fast track your results, here's 2 ways I can help: This month's intake for The Odyssey is now open. If you've hit a ceiling in your business and know the constraint is you, not your business, this is the breakthrough. Limited intake [Learn more] Stuck, need clarity, or just want to upgrade how you think, lead and perform? Thrive Time is my premier self leadership event. [Secure your seat]   Follow Me on Social Media: 📘 Facebook: https://facebook.com/themichaelmojo 📸Insta: https://www.instagram.com/themichaelmojo 🎵 TikTok: https://www.tiktok.com/@themichaelmojo 🎥 YouTube: https://www.youtube.com/@themichaelmojo 🔗 Website: www.MichaelMojo.com