Rewiring Your Beliefs: The Key to Unlocking a New Wealth Mindset with Dustin Serviss

Welcome back to the REI Mastermind Network! In this episode, we have the pleasure of welcoming Dustin Serviss to our show. Dustin is a wealth manager who has a fascinating journey from civil engineering to the world of finance. With a strong emphasis on continuous learning and improvement, Dustin shares his insights on investing, building a thriving business, and creating a life of financial abundance.Dustin's extensive background in various mastermind groups has allowed him to surround himself with like-minded individuals who share his passion for working with money and seeking new financial opportunities. He emphasizes the importance of good practice and consistency in approaching wealth management and how it has contributed to his success.We dive into Dustin's realization about the value of credentials and how they positioned him to add significant value to his partners in acquiring high net worth clients. Through his experiences, he reveals the concept of the "bare ass minimum" (BAM) and the importance of examining our expenses and financial habits to attain a more intentional and fulfilling life.Pulling from personal experiences, Dustin discusses his journey in real estate, the impact of beliefs and mindset on wealth creation, and the importance of risk management in financial planning. His unique insights shed light on various strategies that can help individuals optimize their finances and live a more prosperous life.Join us in this enriching conversation as Dustin shares invaluable wisdom and practical advice to help you navigate the realms of wealth management and set a solid foundation for your financial future. Stay tuned for an episode filled with strategies, insights, and inspiration on the REI Mastermind Network!Connect with Dustin Serviss: https://servisswealth.com/Key Point and Bullets:Introduction to the New Wealth MindsetDefinition of the new wealth mindsetHow experiences and beliefs shape our wealth mindsetInfluence of parents, people in our lives, and books on our beliefsHow Beliefs Shape Financial BehaviorPersonal belief about hard work and saving money leading to success and happiness in retirementInfluence of the speaker's father's hard work on their belief systemNatural inclination towards trying new things and self-improvementJourney to Wealth ManagementStudying civil engineering while trading stocks during the dayTransitioning to a career in wealth managementExperimenting with personal money before investing client money or venturing into real estateImportance of Community and Mastermind GroupsBeing part of mastermind groups with like-minded individuals interested in dealing with money and financial vehiclesFinding support, guidance, and accountability within the communitySharing knowledge and experiences with others in the fieldThe Accumulation Zone and Risk ManagementOpportunities in the accumulation zone and the need for quick actionRisk management for quicker offense instead of defenseManaging risks in the accumulation zone for financial stability and mental healthUnderstanding and Analyzing ExpensesIntroduction to the BAM (Bare Ass Minimum) concept for essential expensesOvercoming fear or reluctance in examining personal expensesReviewing and highlighting recurring expenses on monthly statementsAligning Spending with Goals and ValuesImportance of considering how spending habits contribute to specific...