Podcast Summary: Law of Attraction SECRETS – "Budgeting, Borrowing & Ballin! The Money Guide No One Taught You"
Release Date: March 28, 2025
Host: Natasha Graziano
Guest: Will Roundtree, Wealth Mogul and Financial Literacy Expert
Introduction
In this compelling episode of the Law of Attraction SECRETS podcast, host Natasha Graziano welcomes Will Roundtree, a renowned wealth mogul and financial literacy expert who transformed his life from homelessness to multimillionaire status. The conversation delves deep into practical financial strategies, the power of credit, and cultivating a wealth mindset, offering listeners invaluable insights to manifest financial abundance.
Will Roundtree’s Inspiring Journey
Will Roundtree shares his remarkable story of overcoming homelessness by leveraging credit. Moving from Milwaukee to Las Vegas in 2005 with only $500, Will recognized the critical importance of credit in acquiring assets like cars and homes.
Will Roundtree [00:35]: "I need that introduction everywhere I go."
His dedication led him to educate himself extensively about credit, utilizing resources like the library to build his financial knowledge base without the influence of social media distractions.
The Power of Credit in Building Wealth
Will emphasizes that credit is a foundational tool for wealth creation. By maintaining excellent credit, he was able to purchase luxury vehicles without any down payment, a feat many find unattainable.
Will Roundtree [01:43]: "Because when you have great credit, the banks don't require... you just have to know what you're walking into."
He explains the mechanics behind auto loans, illustrating how creditworthiness allows for higher loan approvals and negates the need for substantial down payments, enabling him to retain his liquid assets for further investments.
Strategies for Leveraging Credit
Will details his method of obtaining financing through credit unions and using the "out the door" price to secure loans without dealership markups. This approach ensures he can drive off with his desired vehicle without additional costs imposed by dealerships.
Will Roundtree [03:02]: "Here's how it works... the bank will cut me the check for 200. I take the check to the dealership, I drive off."
He further explores using business lines of credit to invest in real estate and other ventures, highlighting how leveraging borrowed money can multiply wealth when managed correctly.
Discipline and Mindset in Financial Success
Discipline is a recurring theme in Will’s philosophy. He asserts that financial success demands strict adherence to paying debts and managing expenditures wisely.
Will Roundtree [13:05]: "You have to be disciplined. I mean, I've never met an undisciplined millionaire..."
Natasha echoes this sentiment, stressing the importance of surrounding oneself with like-minded, ambitious individuals to foster growth and avoid stagnation.
Misconceptions About Money
The podcast addresses common misconceptions, particularly the notion that money is evil. Will argues that it's the psychological framing of money that often leads to financial slavery.
Will Roundtree [14:19]: "They keep people as financial slaves... it's all a psychological game."
He dismantles the belief that avoiding debt is the key to financial health, rather advocating for strategic borrowing as a means to amplify wealth.
Investing for Passive Income
Will advocates for real estate as a prime investment vehicle due to its universal demand and potential for passive income. He contrasts ownership with merely occupying a property, emphasizing the importance of investments that generate returns.
Will Roundtree [20:10]: "My number one strategy has always been real estate because everyone needs somewhere to live."
He also critiques the traditional approach to saving money, highlighting that investing is more beneficial as it allows money to grow rather than remain stagnant in bank accounts.
The Law of Attraction and Wealth Mindset
Natasha and Will explore the intersection of the Law of Attraction and financial success. They discuss how a positive mindset and affirmations can rewire one’s financial destiny.
Natasha Graziano [35:24]: "Affirmations... I can make money. Money loves me. Money is abundantly attracted to me."
Will reinforces the necessity of self-belief and mental resilience in overcoming financial obstacles, asserting that personal limitations are often the primary barriers to wealth.
Practical Tips for Financial Success
Will Roundtree’s Top Three Tips:
-
Change Your Thinking: Cultivate a strong, positive mindset to withstand societal pressures and conventional advice that may impede financial growth.
Will Roundtree [14:59]: "You have to change the way you think... mentally strong."
-
Understand Credit: Gain a comprehensive understanding of credit mechanics to leverage it effectively for investments and wealth accumulation.
Will Roundtree [15:04]: "You have to understand how credit works. There is no way around that."
-
Comprehend the Cost of Money: Learn how to assess the cost of borrowing and ensure that investments can service their own debt, thereby maintaining financial stability.
Will Roundtree [15:58]: "If you borrow money that's too expensive, most businesses either fail or go bankrupt."
Natasha Graziano’s Top Three Tips:
-
Make Money Work for You: Align with financial strategies and mentors that help your money generate more wealth.
Natasha Graziano [35:58]: "Make your money work for you. Get yourself a coach... make your money make money."
-
Rewrite Your Financial Story: Use scripting techniques to envision and affirm your financial success, embedding it into your subconscious.
Natasha Graziano [36:02]: "Write it down in the past tense... I was able to build a school... it felt so good."
-
Utilize Affirmations: Regularly reprogram your mindset with positive affirmations to foster a wealthy mentality.
Natasha Graziano [36:20]: "Affirmations... we're going to rewire that mindset and you will become a wealthy mindset person."
Conclusion and Takeaways
The episode concludes with a powerful reminder that financial transformation is a long-term journey requiring discipline, strategic leveraging of credit, and a positive wealth-oriented mindset. Will Roundtree and Natasha Graziano encourage listeners to invest in their financial education and mindset to break free from conventional limitations and achieve true abundance.
Will Roundtree [39:14]: "This is a 20-year journey... you have to know the right people and the correct strategies."
Listeners are urged to take actionable steps towards financial literacy, leveraging the insights shared to manifest their wealth goals effectively.
Key Takeaways:
- Leverage Credit Strategically: Utilize excellent credit to obtain loans without heavy down payments, allowing for asset acquisition and investment.
- Discipline is Crucial: Consistently manage debts and expenditures to maintain financial health and enable wealth growth.
- Invest in Passive Income Streams: Prioritize investments like real estate that generate ongoing income and appreciate over time.
- Cultivate a Wealth Mindset: Employ positive affirmations and mindset shifts to align with financial success and the Law of Attraction principles.
- Continuous Financial Education: Stay informed about financial strategies and surround yourself with knowledgeable, ambitious individuals to foster growth.
Listeners are encouraged to connect with Will Roundtree and Natasha Graziano through their respective platforms to access additional resources and start their journey towards financial abundance.
Notable Quotes:
- Will Roundtree [01:43]: "I own the word. I own the term credit is king."
- Will Roundtree [14:19]: "They keep people as financial slaves... it's all a psychological game."
- Natasha Graziano [35:24]: "Affirmations... I can make money. Money loves me. Money is abundantly attracted to me."
Stay tuned for more transformative discussions every Monday, Thursday, and Saturday at 8:00 A.M. EST on the Law of Attraction SECRETS podcast with Natasha Graziano.