Feb. 25, 2025

Negotiating Financial Freedom

Show Notes
Transcript

Dr. Robert Ramirez turned his 2008 financial crisis setback into a comeback. Now a top investing expert, he helps others achieve financial freedom. On Beyond Confidence, host Divya Parekh and Dr. Ramirez uncover wealth-building strategies, passive income tips, and key investor habits. Don’t miss this must-listen episode!

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The topics and opinions expressed on the following show are

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This is Beyond Confidence with your host w Park. Do

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you want to live a more fulfilling life? Do you

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want to live your legacy and achieve your personal, professional,

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and financial goals? Well? Coming up on dvparks Beyond Confidence,

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you will hear real stories of leaders, entrepreneurs, and achievers

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who have stepped into discomfort, shattered their status quo, and

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are living the life they want. You will learn how

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relationships are the key to achieving your aspirations and financial goals.

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Moving your career business forward does not have to happen

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at the expense of your personal or family life, or

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vice versa. Learn more at www dot divpork dot com

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and you can connect with Divant contact dants divpark dot com.

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This is beyond confidence and now here's your host, Divpark.

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Good morning listeners. It is wonderful to be here with y'all.

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It is Tuesday morning and just beautiful morning. It's sunny,

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so being in North Carolina, I will share with you

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we are very fortunate to have four different seasons, and

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it's been cold and it's so surprising. I was just

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talking with one of my friends. She lives in Wisconsin,

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and I was telling her, oh, it's forty degrees here

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and it was probably or it was I don't know,

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twenty five. I forget the exact temperature that we had,

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and she said, it is minus over here. So what

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I want to talk about here today is it's about

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a perspective as to what is it. What is it

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that makes a life good, beautiful, full of life, full

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of joy, or bad? So technically there's nothing bad or good.

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Things are just as they are. So when I heard

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from my friend was in Wisconsin, and I'm like, hmmm,

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it's summer over here, and that said, we are having

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beautiful temperatures this week and it's sunny, beautiful day, so

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why not it is just amazing to be here and

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I get to be with you. So for those of

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you who have got our books Expert to Influencer or

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the Entrepreneur's Garden, thank you because not only you're investing

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in yourself where you can make your life gorgeous and

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beautiful and bring meaning to it, you're also helping other

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entrepreneurs because we do share part of the proceeds with

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Kywa dot org so and we always talk about kind

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of circle keeping that going. So today we are going

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to be talking about financial freedom, negotiating financial freedom, and

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now what is financial freedom? Let me ask you this.

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For every person, the financial freedom will be different. Now

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you may be asking, all right, via you're sharing, what

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does it mean to you? For me, what it means

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is that it's not just about freedom with money. It's

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about the freedom of time. It's about having that relationship

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with money that it's okay, yes, you deserve to earn money,

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you deserve to have that financial freedom. You can say

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yes to the money. Yes. So it's about the relationship

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with the money. And the key over there is that

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money is not good or bad. It's what you do

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with it. It's how you think about it. Because a

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lot of people will say, oh, money, money is the

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root of all evils. And here's what I'll say. It's

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the choices of human beings that makes it good or bad.

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That's what I can tell you. And we did have

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a guest who was going to join us. We've reached out,

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not sure if they will be able to join it

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or not. People's lives can be tough sometimes, you know,

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it happens that we will still be talking about financial freedom.

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So what I want to share with you is the

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financial freedom I want to talk to you about from

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my book The Entrepreneur's Garden, because I do talk about

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there are like, you know, nine relationships, and in that

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the one relationship that I talk about is relationship with money.

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And why am I talking about the relationship with money?

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You'll be like, Okay, what does money and I have

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to do about the relationship. So that's why I kind

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of shared that story about the temperatures, then how do

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I feel as far as the temperature is concerned? So

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it was like, how I was looking at it, what

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is my relationship with life? So money is no different.

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So what I want to share with you, it's like

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I'm going to read something from my book. Money provides

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you the freedom to live the lifestyle you desire so

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that you can serve others, and it's important to do

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so with a humble spirit and make a positive impact.

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And the chapter starts out with a little over two

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months went by when I received this email from D.

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I'm thrilled to hear that you've made such great strides

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with your time relationship. It gives me joy to know

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that you have become excellent with using your time visely

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and even carving out some personal space for yourself. I

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was especially interested in your account of attracting more potential

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clients who are in tune with your values. I believe

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that comes from optimizing your efforts of knowing yourself better

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and managing your time wisely while continue to leverage your

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existing strengths. So I just want to like talk about like,

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you know, what is that email? So the book is

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set where there is this character D who is fast forward.

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So what I did was this is when I wrote

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that book, I fast forwarded my life like twenty five

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thirty years D who's retired and is helping other people,

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and she is working with a young entrepreneur and mentoring

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and then the men. The young entrepreneur has worked through

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her relationship with time and now she is into relationship

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with money. And what happens is that she is getting

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clients because she has realized I'm not going to go

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into relationship with time today. We're going to talk about

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relationship with money. Now let's look at in terms of

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relationship with money. What happens is that there are the

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objections and what are the objections to money? When things

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are not going your way? The first thing when the

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things are not going your way is like, we have

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the beliefs, and here's what I'm going to share with you.

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Think about a thermostat. Going back to the temperature. So

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when you have a thermostat in your house, let's say

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you put in the temperature at seventy degrees. So whenever

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the temperature goes high in the summer time, then your

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ac will kick in and bring the temperature down to

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seventy degrees. Now if it is winter time, if the

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temperature is forty or fifty, the heater will kick in

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and bring it to seventy degrees. So similarly, we have

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a temperature thermostat within our mind, arts and brains, and

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how does that happen, because think about it, when you

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were a child. As a child, we are exposed to

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our parents, to our teachers, to friends, and we are learning,

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we are conditioning ourselves like okay, what works. And as

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a result, what happens is that your brain conditioning happens.

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So you've developed some beliefs, and especially, let's say if

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you're coming from a family where money was tight, then

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it's always like, okay, what happens now if the money

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is tight, you've got to spend wisely. You could be

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coming from a family where the money was not a

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problem and then like, okay, it's all right to spend money.

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So what is happening is that you're building these one

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or two or three beliefs with themselves, and these beliefs

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will last you for the rest of your life. And

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as a result, what happens is what happens is that

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those beliefs will be guiding your entire lives and they

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will be directing the decisions you make, the choices you make,

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and actions you take. So our guests have joined us

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and welcome doctor Bob. Good morning, Good morning. So we

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were just now talking about what does the relationship look

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like with the money, and how the beliefs can be

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formed and conditioned based on the exposure when we are children.

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And that said, it's so important to break those beliefs.

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Share with us, how do you see your relationship with money?

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Well, thank you for having me. I excuse my tardiness.

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I had some technical difficulties, but I did catch what

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you said about the thermo set and I really love that. Right,

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the temperature is so hot outside, but it's up to

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us to control the thermometer, right, And in our beliefs,

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it's really up to us to control our mindset, you know,

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those sits and inches between our brain. It's us and

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we have to have that positive mindset. And I'm a

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university professor and I talked talk about money with students

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all the time, and and sometimes they don't like to

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bring up the fact about money. Sometimes they feel ashamed

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that they don't have a lot of money, so they

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just don't want to talk about it, or they think

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that they can't make money or they don't deserve to

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have the money. But you know, a lot of it.

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So much is that mindset. You know, that positive mindset

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we know and we see it now in life and politics,

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and the weather. Bad things happen, but it's up to

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us to control that thermostat. As you said, you make

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it positive thing, and absolutely, yeah, yeah.

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And I definitely you know, you reminded me of being

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a student. Like while I was a student, those were

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some of my happiest days. I didn't have money, and

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sometimes you know, I was I was like doing ta

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ship and I think so I was doing another job

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as well. And sometimes I still remember, like, you know,

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when I was in California, there was like a college

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junior I don't know if it is still there or not.

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This was in nineteen nineties, and they used to have

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a dollar salad. So sometimes the money was so tired.

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I was just going to have that salad for a

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dollar and yet an army so I'll be like, yeah,

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I only spend that. So it kind of like comes

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back to our mindset. So I know you have been

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through some rough times, and so tell us, like, you know,

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what happened with you during the two thousand and eight

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economic crisis.

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I remember two thousand and eight like it was yesterday

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because it really did change my life. A little bit

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of a background about myself is I've been married for

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twenty four years. But the blended family. So my wife

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had two kids, had I had four, so we blended

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six kids.

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Wow, nice, wonderful.

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Yeah. In two thousand and eight we had all the kids.

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We had bought a house that wasn't her house from

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my house. It was a neutral house, and everything was good.

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I had a good job as a director of information technology.

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And then in two thousand and eight, when we had

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the great recession, basted into started in two thousand and seven,

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two thousand and eight, ANDed in two thousand and nine,

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but I lost my job. My company went through a merger,

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was brought up by another company, and I fully expected,

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as director of it, to move with you with the

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new company. They interviewed me multiple times, and as it

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turned out, they didn't take any of the employees. They

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only took our technology and our customers. So I lost.

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So I lost my job. And there I was standing

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there talking to my wife and the companies were not

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hiring at the time, said you know, it made me

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feel the worst I've ever found in my life. What

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am I going to do? I've got six kids, I

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don't have a job, I don't have any prospects lined

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up and and I told my wife, then, you know what,

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I'm never going to depend on one income stream in

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my life or one job is if something happens to that,

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then then we you know, we've lost so much. So

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it was a it was a rough rough time for us.

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We also had some investments that went bad because we'd

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had rental homes and the people that were renting their

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homes they had the same situation, so they went they

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couldn't pay me. So it was just domino domino effect.

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But my wife gave me confidence. She said, it's okay,

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we'll figure it out. And we did and it left.

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It led me to the best job in my life,

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which I am now as a professor and now teaching

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kids about learning about financial freedom and to my book

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called Achieving Financial Freedom because I'm always teaching them about

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need to have multiple streams to income, don't have all

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you eggs in one basket. I teach them about the

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stock markets, diversifying and mindset. Going back to what you said,

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the most important thing, we just we've got a brain

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that's amazing that can figure things out. And it we

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think the cup is how full it is, but it's

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empty it is as well. But it's just it's to

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us to choose. So I recovered some two thousand and

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eight and I'm doing well, getting ready to retire in

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a few years. But it was tough.

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Yeah, no, I think so during that two thousand and

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eight nobody was left untouched. We were not either and

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experienced a lot of things during that time. That said,

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you learned from it. Sometimes what happens is that when

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wins are not blowing our way, and like you know,

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you're caught in a hurricane of life or hurricane of

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external conditions that are not optimal to your survival, it's

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important to figure out what could be done. And you

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learned your lesson. Not only that, you're taking that lesson

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and giving back to other people and especially students. Right,

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they are the leaders of us tomorrow. Yes, so as

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our listeners are listening, so they you mentioned it's several

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different streams of income. So for let's say anybody general,

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like you know, somebody who's working in the corporate or

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as an entrepreneur, how can they even kind of think

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about moving to create those different streams of income and

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achieving that financial freedom.

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Sure, well, everybody to have everybody has hobbies and everybody

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has skills. And the most important thing is, you know,

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for young people to creating is to create skills. And

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we have to think about adding value to everything we do,

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whether it's a product or service, or maybe in your

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classes or maybe starting your own business. It's all about

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adding value where you become needed. And if you can

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do that in multiple streams, you can do that in

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different activities. You can start building wealth throughout these different activities.

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The ways that I like to build well the best

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that most people do. If you look at all the

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millionaires and even some billionaires, they all they all have

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land and property and and and houses and businesses because

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there's only so much land, there's only so much good land,

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and everybody has to live someplace, so properly. Properly in

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rental income is always a great investment for the long term.

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And other investments are just learning how to get started investing.

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In the stock market, last year, the Standards and p

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which is how we how we measure the market how

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well it's doing, was up by over twenty three percent.

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If you just have your money not being invested and

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in the bank making a half a percent or maybe

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maybe four percent the most at an online bank you're

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losing all that opportunity. So by just taking the steps

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to learning how to invest in the markets, you have

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the possibility of creating that income stream as well. Now

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the market, it's just basically all these different companies. The

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S and P is made up of five hundred companies.

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They're all doing trying to do the same thing. They're

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trying to push their products and services and add value

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to the customers. So you have all these different businesses

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trying to grow their businesses. So what we do is

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we just I just tell people to start with investing

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in the S and P and learn how to learn

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how to trade, learn technical analysis, and learn about income

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statements and cash flow and balance sheets, which is not

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very hard. But if they focus on learning new skills

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all the time, then they're going to they're going to

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grow and they're how these opportunities.

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And that makes sense. So let's say if there is

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a new new investor, So what would be some of

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your life lessons that you have learned that you would

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tell them, Like, you know, like playing with paper money

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and also having the mindset about the ups and downs.

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What might be some of.

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Those Okay, well, there's always gonna be ups and downs,

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just just as we live our life every day. So

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you have to get to start small, and you can

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definitely start with paper money. You can start trading and

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then watching the watching paper money, which it looks like

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you're really investing, but it's it's not. It's paper money,

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and you start learning technical analysis or you well, let

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me back up, because there's many different types of traders,

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right Those are day traders, which is almost it's a

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little bit risky. It's it's almost like like gambling, so

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I don't commend day trading. But there's swing trading, which

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is more like betting on companies that have some new

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event momentum that's going their way, new laws and regulations

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that are going to be coming their way, a lot

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of growth opportunities. There's swing trading, which I do like,

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which is from one day to maybe six months, and

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then there's long term investing, which you definitely want to

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do some long term investings. They both of those type

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of investments require different types of skills in the investing market.

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The swin trading is more technical analysis. You're looking for

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those swings and you're reading the charts, and the long

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00:21:39.119 --> 00:21:43.279
term the long term trading is an investment where you're

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finding the good companies, the Apples, the Microsofts, and the Teslas,

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the Googles we call them right now they've been the

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last year, they were the Magnificent Seven. These good companies

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that you know are going to be around for the

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long term. And when they go down and value because

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of the different valuations in the market, it's okay because

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we're using something called dollar cost averaging, and dollar cost

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averaging says, hey, every two weeks when I get paid,

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I'm going to even if the stock went down, I

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know it's a good company. I'm going to just invest

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a little bit more and then you bring down the

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cost of your investments there. So then one more key

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00:22:25.960 --> 00:22:30.839
thing is technology is so great. You know, find find

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companies that have really good technology. When I mentioned in

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the Magnificent Seven, the things that they all have in

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common is they all use technology very well. Google, Microsoft, Apple, Amazon.

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They're all about technology because once you build it, you

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can expand it worldwide. So when you're looking for companies,

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00:22:51.839 --> 00:22:55.400
make sure they have good technology and they're not limited there.

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But there's so many there's so many opportunities, but start

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small because you have to be able to sleep at

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00:23:02.160 --> 00:23:05.319
night with your investments, and they will go down, they

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00:23:05.359 --> 00:23:09.240
will go down. But yeah, and I.

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Like what you said about that long term too. So

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it's it's almost building confidence that you know, you start

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out small, see how you're doing, and also looking at

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00:23:20.279 --> 00:23:23.319
your capacity, like you know, the tolerance level. I always

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kind of call it, like coming from a science background,

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00:23:25.960 --> 00:23:29.400
you know, it's the plus minus errors. So okay, so

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if like you know, what's your tolerance level? Ooh, like

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if the market goes up, like you know, you're not

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going to be able to sleep at night, or if

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the market goes down, then again you're not sleeping at night.

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00:23:41.640 --> 00:23:45.759
So not relying on it completely, but thinking about it

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as the additional stream of income, yes, and building for

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the long term. So for the long term, like you know,

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00:23:54.039 --> 00:23:59.839
sometimes the financial planners will suggest that, like you know,

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00:24:00.160 --> 00:24:01.839
you can go in for a little bit of a

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00:24:01.920 --> 00:24:04.599
risk because like if you know, especially with the four

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00:24:04.640 --> 00:24:07.400
oh one K, if your company's matching the four o

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00:24:07.480 --> 00:24:11.599
one K, then you can take that risk, like because

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00:24:11.599 --> 00:24:14.839
you cannot take it out for twenty thirty years anyway.

363
00:24:17.519 --> 00:24:20.079
Yeah, and if your company does have a four oh

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00:24:20.079 --> 00:24:24.759
one K, I always help people definitely invest in your

365
00:24:24.799 --> 00:24:27.960
four oh one k. That's where you start because your company.

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00:24:28.000 --> 00:24:31.720
Most companies will match it between three and even eight percent,

367
00:24:32.599 --> 00:24:36.200
so they're match your funds. And that's free money that

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00:24:36.319 --> 00:24:39.119
you need to be taking. Not free money, it's it's

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00:24:39.160 --> 00:24:42.200
coming through your employment, but it's money that will go

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00:24:42.240 --> 00:24:48.759
into your savings account, your investments, your retirement. So you

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00:24:48.920 --> 00:24:51.319
need to be in there. And a lot of people

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00:24:51.759 --> 00:24:54.359
they join a company and they and they hear about it,

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00:24:54.400 --> 00:24:55.960
but they don't know what is this, you know, a

374
00:24:56.039 --> 00:24:59.519
four one K thing and what's this matching thing, and

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00:24:59.559 --> 00:25:01.799
they don't that they don't take the time to really

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00:25:01.799 --> 00:25:04.880
investigate and the losing out on a great opportunity.

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00:25:05.759 --> 00:25:09.079
So absolutely, now that's definitely a good point, you know,

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00:25:09.200 --> 00:25:11.160
look out for, like you know, just kind of sitting

379
00:25:11.200 --> 00:25:15.000
down if you especially if you're joining a new job

380
00:25:15.400 --> 00:25:17.960
or even if you're transitioning, you're joining a new company,

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00:25:18.039 --> 00:25:20.279
it's important to look at all the benefits that you

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00:25:20.400 --> 00:25:23.519
have because that those are in addition to what you're

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being paid, and then making sure that you're putting them

384
00:25:28.240 --> 00:25:30.759
to work for you. And as you mentioned that so

385
00:25:30.839 --> 00:25:33.119
in one gale, so you know, there are different options

386
00:25:33.119 --> 00:25:36.480
that companies provide how can people make selections out of that,

387
00:25:36.559 --> 00:25:39.920
because sometimes you may not have the best of the

388
00:25:39.920 --> 00:25:41.079
best options.

389
00:25:41.440 --> 00:25:45.400
What would you recent, Well, you're correct, you're very limited

390
00:25:45.440 --> 00:25:47.839
with the number of options that you have your four

391
00:25:48.000 --> 00:25:51.920
one K and normally your your company was working with

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00:25:52.119 --> 00:25:55.599
for example, Fidelity, which is one of the biggest investment houses.

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00:25:56.119 --> 00:25:59.519
They work together to come up with probably between eight

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00:25:59.559 --> 00:26:04.799
and fifth team different types of investments and so you

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for example, if if you not that you are, but

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Negotiating Financial Freedom

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