Building wealth isn’t about working harder, it’s about making your money work for you.
In this episode, Samantha sits down with Elizabeth Ralph, host of The Spiritual Investor Podcast and explores how to align wealth with spirituality and break free from traditional money patterns.
Elizabeth shares a revolutionary blend of practical investing and spiritual alignment, introducing concepts like money neutrality and authentic investor identity. Learn how shifting from earning to intentional investing while honouring your values can create lasting prosperity.
Together, they uncover how to shift your mindset around money, align your financial goals with your higher self, and break free from traditional money patterns that hold you back. Elizabeth dives into key concepts like money neutrality, crafting your investing identity, and the powerful role of energy alignment in achieving true financial freedom.
Ready to shift from a traditional hustle to a quantum mindset in money? This episode reveals why investing, not just earning, is the path to lasting abundance.
IN THIS EPISODE YOU’LL DISCOVER:
- Elizabeth’s shift from high-stakes finance to spirituality (00:40)
- How life changes when you’re fully aligned and open to new energies (05:11)
- Why it’s essential to embrace this new wealth paradigm (06:47)
- Uncovering hidden financial fears and patterns (09:42)
- Steps to reduce financial stress and invite authentic wealth flow (14:20)
- Common financial shifts faced by mid-career entrepreneurs (16:55)
- The impact of starting with small, consistent investments today (20:45)
- Is your business fueling wealth or just keeping you on the hamster wheel? (24:06)
- Actionable steps for setting up a basic, diversified portfolio (26:57)
- Insights from The Spiritual Investor Report (29:26)
- Why maintaining a connection to your investments is crucial whether DIY or with an advisor (31:14)
RESOURCES
QUOTES
“You can’t economically even survive, much less financially thrive, if you are operating on the same money patterns and money cycles as you grew up with and you were taught and you still have within you to a certain degree.” – Elizabeth Ralph
“A lot of people think that being in business is kind of the total sum of how they earn their money. It’s like we need more money, we’ll run a business. My belief has always been that I wanted my business to just be the vehicle that brought the money in to actually build the real business of what I wanted to build — which was my investments.” – Samantha Riley
“The majority of people go through their entire lives making money but never building wealth. Whatever you’re going out there doing and trading your energy for — because that’s the real currency, our energy — whatever you’re trading your energetic currency for, you better be magnifying it and expanding it, or else you’re constantly in a hamster wheel of trading your energy.” – Elizabeth Ralph
“People think that the market is risky, and so they think that that’s the cost. But actually, the biggest cost to you right now is losing time.” – Elizabeth Ralph
“If you’re stepping into and you really want to live in this new paradigm, part of your responsibility living in this new paradigm and having an impact on the world is you learning how to expand money. It is no longer optional for you.” – Elizabeth Ralph
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ABOUT ELIZABETH RALPH
Elizabeth Ralph, The Spiritual Investor is a high-level wealth strategist and former energy trader who connects the energy of money with real finance and investing. She guides growth-minded individuals to overcome their limiting beliefs about money AND become confident investors with consistent passive income so they have more time and energy to focus on what truly lights them up. She has helped thousands transform from uncertain investors to effortless wealth creators through her flagship Spiritual Investor Program and The Spiritual Investor Podcast.
WHERE TO FIND ELIZABETH RALPH
- Website: https://www.thespiritualinvestor.com/
- Instagram: https://www.instagram.com/elizabethralph/
- Free SI Report: https://www.elizabethralph.com/sireport
- Apple: The Spiritual Investor Podcast
- Spotify: The Spiritual Investor Podcast
CONNECT WITH SAMANTHA RILEY
Facebook: Samantha Riley
Instagram: @thesamriley
LinkedIn: Samantha Riley
Twitter: @thesamriley
TRANSCRIPTION
Samantha Riley 0:00
Welcome back to another episode of Influence By Design. I’m your host, Samantha Riley, and today we’re going to talk about the new paradigm of quantum money. In that topic, there’s going to be all sorts of things about money, blocks, investing, all the good things. So I’ve invited Elizabeth Ralph to join me from, you’ve got your own podcast, Elizabeth, Spiritual Investor podcast.?
Elizabeth Ralph
Yep. The Spiritual Investor podcast, yep.
Samantha Riley
So if you’re loving today’s conversation, definitely jump over and listen to that. But Elizabeth, welcome to the show. I’m really looking forward to this conversation.
Elizabeth Ralph 0:37
Thank you. Me too. Yeah.
Samantha Riley 0:40
Now you’re, I love that you’ve, you’ve got this real spiritual vibe, because your background is actually in finance. And when I think about finance, I think about it as being a very masculine environment. I think about it as being a very like, pressure like, a pressure cooker environment. How did you make the transition, or why? Or, you know, what can you share about that transition from what you were doing in that part of your career to what you’re doing now? How did you embrace this spiritual part of, you know, money?
Elizabeth Ralph 1:17
It’s such a really good question, because even just you asking it, I’m like, gosh, I could go so many different ways with this, right? I think the spiritual aspect definitely came in. I was working on the trading floor, and, like you perfectly said, you know, it was a high stress environment, and it was challenging, and I loved it for that reason, but I knew that I didn’t want to be working there for the rest of my life. I didn’t want to live inside the matrix, right, with all the numbers and everything. So an Indian guy actually joined my group, and he started teaching me. He just started bringing, like all the Hindu texts from, you know, he grew up in an Ash Roman, and started bringing them over from India. And then his parents came over, and I became very close to them, and they would cook for me. And, I mean, it was just like an, it was kind of an infusion, and it was about five years of this on a daily basis, really learning. And there was no there was no goal, there was no target. I was just so drawn to it, almost to the point that, like I do feel like I was probably in a previous life. I was probably Indian. I think I was an Indian man. We’re like fast friends. We had the same sense of humour, and I really helped him, because he and his wife were trying to integrate into society here, and, you know, wasn’t their culture. And so, of course, he could ask me anything, right? And then, so such a beautiful, beautiful friendship that we had. So that’s actually how the spiritual aspect got weaved in with money. And then I started making decisions differently, and I started doing things like I created a business, and then I decided I’m going to donate a portion of the profits to horses, because I was into horses at the time and rescues and things like that. And so once I started doing that, I realised that I was like, this does not have to be so difficult. If you can actually combine these two forces, which is the principles of real world finance, and you can actually combine that and bring in the spiritual element. And I already understood the energy of money. I was using that and pulling that down. Then what I did is I just thought, well, you know, when I actually ended up leaving corporate, which I bought my way out of it. When I ended up leaving corporate, I took a little bit of a break, and then someone asked me to help them with their money. And of course, I was like, No, I don’t do that. I don’t help people with money, I just do nothing and we got into it. And I remember sitting outside of her house, and I thought, Okay, well, if I’m going to teach someone money, I have to do it my way. And that was seven years ago, and I have been, you know, that was the beginning of The Spiritual Investor, and I’ve just been, you know, expanding it and expanding it and reaching more people the whole time. And it has been one of the greatest gifts of my life. Has been doing this, but I never would have done it. I feel like I’ve been pointed in this direction my whole life, like my mom was a financial advisor and my grandfather was an entrepreneur, and so there’s something that has been silently guiding me my whole life to this. And it’s like, it’s just a part of me, like, you know, my team says, and you know, they’re like, there’s no difference in the business and my life, the way I live my life, or whatever. And I think it makes it really easy. It makes it effortless, because what I’m doing is I’m just showing up, and I’m just managing my energy to show up. That’s it.
Samantha Riley 5:11
It’s amazing what happens when you’re fully aligned. And it just does come into, you know, when you’re living life fully in alignment, it’s crazy what can happen. And I just love that you kind of leaned into that and didn’t, didn’t pull back, because I know that you can help so many people with this. And you know, especially as we’re coming into the new paradigm, and we’re kind of, you know, even though, you know, the year is technically 2027, that energy is already here. People are very open. People are understanding that change. Can you talk to us about the differences that you’re seeing as this energy flow is changing?
Elizabeth Ralph 5:55
You mean in the world? Yeah, yeah. Well, I think that the energy that’s showing up in the world is a reflection of the energy that we are bringing through in us, because we’re all out here creating our world, right? And if I think about myself, just to kind of start there, I would say that part of me being in alignment wasn’t even a conscious thing. I think that if I look at who I am and look at who I always have been, I’m not controlling, but I’m powerful. And I think when people can look at the difference of those, and I think that is what we’re seeing reflected in the world as more and more people are coming to that.
Samantha Riley 6:47
It’s a power that’s coming from within, rather than being pushed out. Before we go any more, any further, why should the entrepreneurs, the coaches, the consultants, the business owners that are listening really stick around for this conversation? Why is this conversation around money and investing so important? Well, I was going to say right now, but it always has been, but, but why do they need to listen to that message right now?
Elizabeth Ralph 7:21
I think it’s two things. I think that people are looking for the effortless path, not because they’re lazy. It’s because they know that they’re here to do more. And I think that now, they have an understanding that they need the space to create, and that we can’t allow something new in, unless we have the space. Yet we’re not talking about the space where you just do nothing. We’re talking about that powerful aspect I just mentioned. We’re talking about the space so that you and your authentic self actually gets to step into it. So I think that that is, that is one thing, that’s the internal perspective of it. I think from an external perspective, when we’re talking about the world, I think you actually, you know, you can’t economically even survive, much less financially thrive, if you are operating on the same money patterns and money cycles as you grew up with and you were taught and you still have within you to a certain degree. Most people do. So if you look at the cost of living right now, if you look at incomes, if you look at even just the cost of childcare, all of these things that weren’t really as big of a factor back then, you can’t exist now in the way that you want to, which would, I would say, you want to be not just comfortable, but you want to be at ease, and you want to thrive, and you want to be able to give back and have money, support you. You cannot do that without investing. And so many people are under the illusion that they just need to make more money. Sure, that’s great. If you make more money and you’re investing more money, that’s great. But very few people, until they actually take on a practice and embody investing when they first begin, when I’ll say they’re at the lower end of the money spectrum, or maybe even midway, if you don’t do that, then you’re not actually going to take that on when you have more money either, because then you have all these other shiny new objects. And we’re human beings, and we, I do too. I love the shiny objects too. I get it. You know, I always say you got to think different.
Samantha Riley 9:42
How and for any of my clients that are listening, they’ll be just like, oh my god, she said the word how, because I’ve always like, we don’t go there. We don’t do the how. What do people need to do that have those money patterns coming up? Because we grow up with these money patterns that we’ve learned through our parents, through different things, and most of us know that they’re there logically, but they show up without us even realising. And maybe it’s not even money patterns that we’ve brought from our childhood, maybe through our early adult years, things have happened that have made us fearful around money or how to, you know, invest or buy things or do business or whatever it is, you know, we’ve created this energy that isn’t serving us. What or how do you work with your clients, to work through that when you’re not even sure how it shows up? Does that make sense?
Elizabeth Ralph 10:50
Yeah, and it’s, it’s really, really, very, very intuitive the way that you even ask that, because you’re right, it doesn’t, you can’t even see it. So if you can’t see it, then how are you supposed to get rid of something? Right? It’s kind of a bit of a conundrum. The way that I handle this, and, you know, I’m happy if somebody’s figured out a different way, but I think I’m always looking for the effortless, most accelerated route. And so I have this where, you know, I talked about it after I came back from walking the Camino, which is breaking the structure. So everybody’s experienced this in their life, whereby, like, you know, for me, I went through a divorce, and so then I walked the Camino, I moved across country, I did all these things. I basically broke the structure of my life. Partly, what was voluntary, partly, it was not, right. It doesn’t really matter. What matters is there’s a reason that people have awakenings and they have big shifts on the other side of something that is traumatic. It’s because the structure gets broken, and then what happens is, when you get out of that, you sort of climb out of the dish. You do feel this sense of like you have new cells, you’re like you’re the air is different, like you suddenly feel like, okay, well, I get to choose new habits rather than be, you know, sort of like just a routine of my habits. And so you can actually do that on your own though, if you really, really look at, if the things that you were doing with money right now, if those things were the answer, you would have more money. And so that, in itself, is evidence that whatever you’re doing with money now, it’s not wrong, but it is not the answer to where you want to go next. You have to be okay with that, and you have to fully, fully lean into that. And the moment that you lean into that, and you go, Okay, wait. I have been running this race, and I have been running in this direction, which is only going to get me 5000 a month, clearly, the other trail over here that I need to be running for the 50k I need to do it different. As soon as you start to lean into that, then you can accept the fact that you have to go out there and figure out, what are you doing different? What are the new tools? What is the new way of being? What is the new approach? You no longer get to hold on to these things, especially the things that make you feel safe, and that’s how you can actually pinpoint things. You can’t pinpoint the belief, because the belief is invisible, but you can pinpoint when you get into scarcity and fear, and that is an indicator. That’s actually. People think that when they get into fear and scarcity, that that’s actually an indicator that something’s wrong. It’s actually not. When you get into fear and scarcity, that is actually an indicator, that source, the light within you is so strong in that moment that it wants to come through, and that’s why you feel so bad, and if we look at it that way, and we can see that it’s simply an indicator, then we wouldn’t have such a negative relationship with it. We wouldn’t see it as this circumstance, and we could actually move beyond it. That’s effectively breaking structure, combined with getting out of our own way.
Samantha Riley 14:20
I love this so much. You talk about money neutrality, and I feel like that fits into exactly what you were talking about then, because we’re feeling that source coming through when we’re feeling that fear. But then this money neutrality needs to come in, I’m guessing. Can you talk a little bit about that?
Elizabeth Ralph 14:41
Money neutrality is kind of the, it’s kind of like the sky. It’s just always there. And everything else that’s going on in life is the clouds that is impeding the sky. And so the moment you try and get into money neutrality, you can’t, you’re out of money neutrality. And so. So the way that you do money neutrality is kind of going back to what we said. You’re, you’re looking at, okay, I’m, for example, like, you know, I’m dropping into or I feel fear around money. I feel, you know, whatever it is, I don’t, you pick anything you could. People know that when they’re in fear because they feel it in a certain place in their body, right? So then, if you can make it not become about whatever it is, because that whatever you’re in fear about is a lie, if you can literally make it not become about that, and the only way you make it not become about that is not argue with that. What you have to do is you actually have to stop thought, stop thought on that, you’re not it’s not your job in that moment to solve it. Then what happens is, there’s a space created, and then you just do that over and over and over again. So what you’re doing, you train yourself into money neutrality, rather than trying to find money neutrality, and then what happens is you have a down month in your business, and you are still stepping forward with all of that energy. And just as powerful, there is no lack of consistency whatsoever, because you’re not attached to the circumstances, you’re living in money neutrality, and that’s actually how you get out of that. People don’t like variable income. You want to get out of variable income, then you get energetically consistent. And doesn’t matter what happens, you’re still showing up because that’s what people are looking for. People are choosing you based on that connection and that energy. You know, we meet people in a restaurant, we want to talk to them. It’s because of that connection and energy. You start showing up differently, like we feel that, and that’s we’re going to be less likely to want to associate with you.
Samantha Riley 16:55
I’m loving this conversation. So I a lot of people that are listening to this podcast are kind of in, I’m going to call them the mid years, where they’ve had some sort of, like, business or career, whether, you know, whether it’s their own business, or they’ve worked in corporate for a while, and they’re at this crossroads, and they’re moving into, you know, their second half of their career. And I think that you and I, well, we were talking about this before we recorded, there’s this moment where they go, oh shit, I’ve still got time. But I can feel that there’s a pressure that time is kind of running out to get myself sorted out, and well, I’m there. I’m in those mid years, I know these thoughts, and you start to think, wow, I need to do something. And maybe I need to do, start doing something differently. And maybe they don’t know how, maybe they’re thinking, I don’t have the, you know, the millions of dollars, or the hundreds of 1000s of dollars I need to get started. Can you talk us through some of these blocks that are holding people back from going to the next step?
Elizabeth Ralph 18:09
Well, I think, you know, let’s even just start with where people are, and just, you know, get kind of where people are, which is, you know, when you hit that point, you can, the fear can be even worse. Or even if it’s not fear, it’s something, it’s that feeling, right, where you kind of like recognition, almost, that can be even worse, because you also could be crossing a line where you just don’t want to put as much energy out there anymore. Like you feel like, we all get to a point, I think, where we sort of settle into silence a little bit more, and we see that, actually, that a lot of the work is being done in the silence. And then so, if you are at that point, and you’re sort of like mid stride, then you’re gonna have, like, almost like, two conflicting things come in. You’re like, Oh, my God, I need to make the millions, but I don’t want to go out there and work 12 hours a day kind of thing, right? So you’ve got that. So I would say that is definitely a signal to, it’s time for you to learn how to manage your energy in a new way that calls money in, rather than going out there and having to earn money, because that’s the thing. Like, we did not come here to have to get anything. We came here to receive everything. And so the new money paradigm is all built on receiving. The old money paradigm is built on getting, which is why a lot of people think wealthy people are greedy. Well, that’s, that was the old paradigm. Don’t blame those people. That’s just the one that they to do. They had to go out and get something. So, absolutely the, I would say, the smartest thing to do and the thing that’s going to get you the results the fastest is going to be to learn how to receive, a spirit, especially spiritual people. There’s a bit of a wet blanket effect that is even back from those teachings that I was talking about, the Hindu teachings and all that, which is, you know, oh, money isn’t spiritual. And you know, you just need to go and give everything away and like again, we have to be able to adapt all of these principles to where we are now in terms of our own consciousness and what’s being created in the world, which is changing all the time.
Samantha Riley 20:45
Now, one of the things I mentioned was that a lot of people get held back because they think that they need these hundreds of 1000s of dollars. Like, you know, if we need to buy a property, we do, but for someone, and there’s probably many people listening that are already investing, but to bring the people that aren’t up to speed, like, how much do you need? Where can someone start? Because I know that you can get started for a lot less than that. Can you just share a little bit about that?
Elizabeth Ralph 21:19
Where you can get started, how you get started with?
Samantha Riley 21:22
Yeah, like so a lot of people think I don’t have the large amount of money that I need to get started investing. But you don’t necessarily need a large amount of money.
Elizabeth Ralph 21:35
Yeah, actually, I wouldn’t even look at the amount. I would look at the practice of investing. I would look at having investor be your identity and who you are. And we have a perfect example of this. I just had a student just told me this, actually last night. She she dances for a living, and so she’s caught, you know, she goes in and she dances and she makes money and then she pays her rent, and she puts gas in the car, and she does all of this stuff. And she’s also surrounded by a lot of people who have a scarcity mindset, who live hand to mouth, who, you know all of this, and she’s an incredible human but she’s just inundated in this almost like a circus type of world, right? I have been watching her for the last year, and it’s unrecognisable who she even is now. She went from what she called dancing for rent and went to now, she has almost all of her debt paid off. In fact, her investing account, which is phenomenal what she’s learned about investing. I’ll say her diversified, very intelligent investing portfolio has now far exceeded, the amount in there has far exceeded the amount of debt that she has, and she is still continuing to invest weekly 10% of everything that she earns. And now she is teaching the other dancers at the club how to invest.
Samantha Riley 23:14
I love that so much.
Elizabeth Ralph 23:19
Yeah, she said no to all of the society rules and what people thought about her. And she was not raised like that. She said no to all of it, and she established who she was despite the world around her. And she is having a ripple effect. And you should have seen the look on all the other students’ faces on the Zoom call when she’s telling you a story, and they’re sitting there and they’re going, well, like, when you hear something like that, you’re like, well, there’s no excuse, right? Like, I mean, for her to have an, and she’s got a really good investing account, I’m not talking about $500 here. So it shifted everything, her whole, her confidence, her future, her ability, she’s now educating herself on new things.
Samantha Riley 24:06
I love that I’m going to go into this a little bit deeper. I’ve always had the belief that, actually, let me give it a bit of context first. A lot of people think that being in business is kind of the total sum of how they earn their money. It’s like we need more money. We’ll own a business, or we’ll, we’ll run a business. My belief has always been that I wanted my business to just be the vehicle that brought the money in to actually build the real business of what I wanted to build, which was my investments. I have not achieved this yet, in full disclosure, so I’m going to ask this personally for anyone else that’s like, oh, that sounds cool. I want to do that. What do we have to embody to be this investor that you’re talking about? To embody the investor?
Elizabeth Ralph 25:01
Yeah. Well, I love that that is your goal, because I would love for that to be everyone’s goal, whether it’s a business or whether you have, you know, a corporate job or whatever, because the majority of people go through their entire lives making money but never building wealth, and they typically don’t realise exactly what you’re talking about, which is whatever you’re going out there doing and trading your energy for, because that’s the real currency, is our energy. Whatever you’re trading your energetic currency for, you better be magnifying it and expanding it, or else you’re constantly in a hamster wheel of trading your energy, right? And so you have realised that. However you’re right, people don’t know how to kind of start bringing that money through and get that money into investing. Well, I think that sometimes people think that investing is an option that you do if you have money left over. So that’s part of it. So it’s like, we’re not really, like investing is like the wicked stepchild kind of thing. Another thing is, I think that we set goals within our business based on perhaps it’s like what you’ve done before. Perhaps it’s the marketing plan. How big is your list, you’re following, all that like, we feel like this responsibility to actually set these goals based on these circumstances, and all we’re doing is creating more of the same, which keeps us literally at the same income level. It’s no accident that most people end up making the same money constantly over time, right? They get into these cycles with that. Well, those two things combined, guess what that does for the plan that you just described? It leaves zero for that plan. There’s no room for it.
Samantha Riley 26:57
I love that. Well, actually, I don’t love that there’s zero for it, but I love the way that you unpacked that. For people that are listening and they’ve listened to everything that you’ve been talking about, where can they go to learn more, once they’ve said, Okay, well, I’m going to embrace being the investor. Now they actually have to go out and create an action, they need to do something that they may not know how, even though they’re embracing those qualities. Where can they go to learn more about what the action steps are?
Elizabeth Ralph 27:38
Well, I mean, if you don’t have an investing account, I would say that’s the number one thing to do would be, set up an investing account. You can set up what you would call a Super over there in Australia. Or you can set up, you know, a personal investing account, Share Z, Stake. You know, one of these. I know you have plenty over there to choose from. And I would start investing in shares in the US, whether it’s just the S&P, just something broad like that, S&P 500. And then I would start picking up stocks that you love and adore in Australia, you know, you have many wonderful, wonderful stocks there. Your banks, you know, do really well over there. So I would start there, and then I would put together something where you are, maybe spending 10 minutes. It doesn’t have to be every week, but 10 minutes here and there, when you’re sitting in the parking lot, you got to sort of make this part of who you are. Just some stuff about it. I would read about interest rates, I would read about inflation, and just you’re not, you might not understand all of the stuff, but just kind of start letting it flow through you, like I feel money, I feel the market. I’ve always been that way, but I teach people how to feel the market, and one of the ways is you got to take the bricks off of your back, right? You’ve got to actually bring some curiosity to this and leave at home this, I don’t know how to do this, you know, I’m bad with money, I don’t like numbers, I don’t care about the stock market. Like leave all that behind, because that identity is not the identity that’s going to get you where you want to be.
Samantha Riley 29:26
I love that. Now you have a monthly report that you produce. Can you just talk a little bit about that?
Elizabeth Ralph 29:35
Yeah, so The Spiritual Investor Report is it’s, I designed it to kind of be, give people an energetic kind of update on the market, like, what’s kind of going on now. It’s like, is my, I guess, interpretation and distillation. I’m trying to, like, bring things down in a little bit more of a compact form, so that you can start, you know, letting this stuff flow through you. We also talk about stocks, you know, I’ll give you, and I talk about my life too. I talk about what I’m doing. It’s more of a personal take on like, I just bought a rental property two weeks ago. That was the first, thank you. I just, that was I’ve owned rental properties for 15 years, but that was the first one that I bought on my own, not in my marriage. So I talk about things like that, and I run into walls sometimes too. And so we kind of, you know, share things like that. So I would say The Spiritual Investor Report is a great place to start for that, if you just want to start getting a feel for it and just investing, even just once a month.
Samantha Riley 30:43
So we’ll pop the link below for The Spiritual Investor Reports, for wherever you’re listening, just scroll below and we’ll have the link for that. Elizabeth, if there was one thing that you could leave listeners with today that could help to change their perspective, so that they could move forward wherever they were, something that they could take away, what would that be?
Elizabeth Ralph 31:14
I would say people have taught you that your job is to go out there and make money, and you’re good enough to do that, but they have taught you that you’re not good enough to manage your money. So I would say, question why. Typically, if someone’s telling you, Oh, you gotta go out and earn money, but then you need to pay someone to manage it, why is there a difference in earning money and managing money? There’s really not. And I would say that if you want to pay someone to manage your money, then that is absolutely fine, but know what they’re doing. Don’t leave your money in an arm’s length, distance, 1-800 number, because you’re not energetically connected to it. And money is energy. You want your precious energy to be connected to the money, because that’s actually an acceleration factor for you. And so if you’re going to pay someone to do it, that is fine, but know what they’re doing. Ask questions. Be curious about it. If you want to do it on your own, you know, 1% fee. If you end up paying someone 1%, which is kind of typical on an investing account, over your lifetime, it will cost you 1/3 of the portfolio. So a $3 million portfolio will cost you $1 million. Now that’s fine if you’re getting value from that, but I want, I challenge you to not just look at what is it costing you now, I challenge you to look at what is it costing you over a lifetime. And I would say the biggest cost is, people think that the market is risky, and so they think that that’s the cost. But actually, the biggest cost to you right now is losing time.
Samantha Riley 33:13
And time is finite.
Elizabeth Ralph 33:15
Yes, and time, when it comes to compounding money is absolutely everything, so no matter where you are. I mean, you can buy wonderful stocks for $12, no matter where you are, or if you have $500,000 sitting in an account, it doesn’t matter. Money is just ones and zeros. What matters is, you, if you’re stepping into and you really want to live in this new paradigm, part of your responsibility living in this new paradigm and having an impact on the world is you learning how to expand money. It is no longer optional for you.
Samantha Riley 33:54
I love it so much. Elizabeth, thank you so much for coming on the podcast today, sharing your wonderful and such valuable insights, and I hope that it has resonated and will change so many people’s lives. So thank you.
Elizabeth Ralph 34:09
Thank you for having me. Amazing.
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