Lessons - Why Every New Dollar You Make Pushes You Further From Wealth | Ryan Pineda - 7 Companies, $100M+ Invested & Author of The Wealthy Way

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In this lessons episode, discover why financial success means little when it comes at the expense of family and peace of mind.

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Understand how life's hardest moments can redefine wealth.

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Explore why separating identity from business performance builds resilience.

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And uncover how knowing when enough is enough protects what matters most.

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Why is there that negative connotation?

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Like, I don't understand that, but there was always this, I don't know if it's true or not, but I always felt that with very religious people, there was this almost negative connotation about money.

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Yeah.

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And I never got it.

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I never really understood where that came from.

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It comes from ignorance.

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So the Bible does not talk negatively about like rich people.

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It's not that rich people are bad or anything like that.

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You know, it's that camel quote.

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Yeah.

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Yeah.

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Yeah.

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That's, but it's easier for the camel to go through the eye of the needle than it is for a rich person to enter the kingdom of heaven.

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And it's true, right?

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That's kind of a little bit different in that.

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And this is why my mission has really been to help entrepreneurs.

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That's why I love talking about it on shows like this, who a lot of people who don't know me, but like, it's hard to get a rich person to, you know, give themselves a Christ because they think they got it all right.

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Like everybody's like, bro, you're killing it.

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What you're doing is awesome.

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Like you have all the things you could ever want.

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And so they don't even realize how much of a problem they have.

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So that's why that, that quote exists.

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But yeah,

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you know, in terms of, um, why do we have this poverty minded, this poverty mindset in Christianity?

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There's definitely like a set of Christians that have that mindset.

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And, um,

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I think there's lots of reasons for it, so I can't name all of them.

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A couple of them are that, you know, misinterpreting Bible verses, right?

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Like 2 Corinthians 9, 6-7 says like... Or no, that's talking about giving.

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But, you know, there's a Bible verse that talks about how, you know, you can't worship both God and money.

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You know, you can only be a slave to one.

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And the truth is, if you go back to what I said where it's like, okay, if I worship God and I just trust God for everything...

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Money will come as a byproduct.

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Now, how much money, I don't know.

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But I know I'm going to be taken care of.

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You know, you might end up a guy like me.

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You might end up, you know, middle class.

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You might end up whatever, right?

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But odds are, you know, you're going to be okay.

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And then there's what you would have prosperity.

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You know, minded Christians who think every Christian should be rich.

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Like, you know, God bless.

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They believe that God blesses those, you know, who are true believers.

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And if you're not a true believer, that's why you're broke.

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Like, that's their mindset.

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And that's also wrong.

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The truth is God has given us all different skills and talents and abilities.

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And so, you know, we're called to just play our role.

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One of my favorite ideas, this is not my idea, I can't remember who had originally said this, but if you do not have God in your life, something else will replace God for you.

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Yeah.

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And it'll be advice.

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It'll be... We'll call those idols.

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Yeah.

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Exactly.

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And I don't think that's healthy either.

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No.

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I think it's incredibly toxic.

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Well, and I'll say this too, and I'll say, like, I'm acting like I'm the most wholesome guy ever.

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I am not, okay?

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So, you know, I've had many failures in my life, man.

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I've been sued.

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I've had people lose money.

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I've done everything you can imagine, man.

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I like, I don't.

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Oh, by the way, that is a right of business.

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I mean, if you build a big enough business, all this shit happens.

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Yeah.

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Yeah.

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You're not going to, you know, bat a thousand.

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Right.

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But with that, you know, I've just kind of realized that, you know, I'm so thankful that.

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I don't have to like live in that guilt.

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And I'm also thankful that my career is not my identity because.

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Yeah.

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You know, there are times where, man, in business, I'd be killing it, man.

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It's like, you know, everybody's like, bro, you know, how much did you guys do?

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You guys did so many deals.

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Look at how many views you're getting.

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You know, let's interview you about this thing, right?

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And then all of a sudden next year, boom, doubles interest rates, recession.

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And it's like, dude, I'm losing money.

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What's going on here, right?

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And throughout it all, it's like.

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I just don't let my business career, you know, become my idol because that's what a lot of people do.

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And I struggled with that early on.

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And God kind of brought me through it with my baseball career because I was that way in baseball every day.

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You know, in baseball, you know, baseball is a lot different than in business because in baseball, you play every day and your stats are public.

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Imagine if your bank account, your P&L was public in every business every day.

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It got updated like, oh, Ryan.

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Dang, Ryan, they didn't make any money.

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You actually lost money on a deal.

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And everyone could see it.

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That's how sports is.

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It's all transparent.

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And, you know, that was hard for me as a 21-year-old, you know, trying to deal with.

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And then you get released.

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You get fired.

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And you got to deal with that.

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And it's all very public.

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It's all public.

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Everyone knows.

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And I did that for eight seasons, man, battling identity.

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And it wasn't until the end when I really started to understand, like, man, this doesn't matter.

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Like, at the end of the day, I can't have my happiness and my peace be defined if I had a good game yesterday or if I had a good week.

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That was a good lesson for business, too.

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Yeah.

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And that's why when I came into business later...

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I had kind of learned all those lessons in my 20s, and I'm like, bro, I don't care if we have a bad week.

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I don't care if somebody's talking crap online.

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Yeah.

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Like, this is nothing.

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Was there an experience that sort of reshaped your definition of wealth from pure finance to, like, more of a holistic definition of wealth?

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Yeah, it was actually the birth of my son.

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So my son was born in January of 2019.

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He was born prematurely.

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So he's two months premature.

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And, you know, I didn't like it was crazy.

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You know, she's having contractions.

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We didn't know.

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Like as our first child, we didn't know what was going on.

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Like, hey, the baby's coming, like, right now.

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And I'm like, dude, he's supposed to come in, like, two months.

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What do you mean right now?

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That's so stressful.

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And they're like, well, he's coming right now.

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And I'm like, is he going to make it?

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Like, this is pretty early.

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Yeah.

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And they're like, well, we can't say, but, you know, just we're getting prepared.

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So, you know, I'm praying.

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Once again, seek God in every situation.

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And he's born.

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They say he's going to have a lot of complications and issues.

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He ends up having to stay in the NICU for two months.

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So every day for two months, I had to go.

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you know, to the hospital in the morning to go see him, go see him with my wife at night.

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And it was a super stressful time, especially for my wife.

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You know, she's a brand new mom and she can't even be with her baby.

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And he can't breathe.

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He can't eat.

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He can't do anything.

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Like, he's got all these problems.

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You know, finally, we get to take him home.

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And, dude, we're scared because he can't breathe.

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Like, I'm like, what if he stops breathing while he's at home?

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Yeah.

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You know, like, it's just stressful.

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Yeah.

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And, you know, throughout that time, too, you know, like there's a very high chance he's going to have special needs.

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You know, you're going to have to start getting him in therapies and all these things every week.

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And so, you know, my wife's learning how to navigate that process of everything.

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And yeah.

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You know, that first year was so extremely stressful and hard because it was just all new and all unknown.

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And also, too, during that year was like one of the times in business where like we really had to do a big pivot.

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And like it was it was very stressful as well.

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And so I made the choice that year because my wife was really struggling with it.

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And I said, you know what?

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I was already on the schedule of, you know, Monday through Friday, nine to five.

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Like, so, you know, for a lot of guys, it might be like, well, dude, I'm like, I'm home a lot.

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But I could tell that she needed more.

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And so I said, you know what?

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I'm just not going to go to work on Wednesdays either.

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You know, I'm going to spend Wednesdays with just her and try to give her a break, kind of like be there for her right now in this really hard time.

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And I did that for most of the year.

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Yeah.

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And that really like was what she needed at that time.

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And at the end of the year, this was about a week before Christmas, he fell and hit his head.

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And he had this big old knot on his head.

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So we took him to the hospital.

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And, you know, we're like, is he okay?

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Like, what's the deal?

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And they're like, oh, he's fine.

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Don't worry about it.

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So we took him home.

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About two days later, or a day later, I can't even remember.

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I'm looking at him and we're like, he's not fine.

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Like he's back.

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Like he's just out of it.

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There's no way he's okay.

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So we take them to a different hospital.

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They said, dude, we got to get them an MRI.

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Like they didn't even MRI him or x-ray or anything.

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We're like, no, they said he was fine.

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So they gave him an MRI and they're like, his brain is bleeding.

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We need to like do surgery right now.

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And I was like, oh my gosh.

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And so, um,

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They prepare him for emergency surgery.

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I'm praying again.

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And I'm like, God, look, I give up everything to make sure that this surgery is successful.

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You could take the business.

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You could take the money.

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You could take literally everything.

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Just make sure he's successful.

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And.

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I was like pleading.

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I'm like, I will devote everything to you to see him through.

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You know, you could have it all if you want it, but I'm going to devote everything to you if you can pull him through.

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And, you know, sure enough, he went for surgery overnight.

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You know, this is obviously super stressful just waiting for that.

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Like we had no idea.

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He's not even a year old yet.

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And he makes it through.

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And also during that time, too, my wife was pregnant and no one knew.

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So we had so much going on that first year as parents.

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And, you know, he makes it through.

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We actually got to take him home on Christmas Day.

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So that was the present.

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And I just learned from that year that,

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Yeah, like I looked at death in the face with my kid, my firstborn, and I'm like, this ain't worth it.

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Like it's not worth it to miss moments of his life being young.

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No amount of money is worth it.

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And I just was like, and I have enough money right now.

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Like every step of the way, I felt like I've had enough money, you know, like whether I was making...

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you know, seven, eight grand a month flipping couches or a hundred grand a month.

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You know, we've had a million dollar months and like, I have not felt any different as far as the money goes.

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I've just always like, from that moment forward, I realized, man, it doesn't matter.

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Like, this is what matters.

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So you'd never want to wish that experience on anyone else because that's horrible.

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Yeah.

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And I think what I want to sort of ask you and pull out of you is for somebody who has not gone through that experience, what is your words of wisdom for them so that they can understand what they're doing?

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why they can conceptualize how something can be more important than the business they're building or the money they're making.

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Because I agree, when you go through rock bottom, it gets very clear.

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But what I'm trying to figure out is how do you teach that over to somebody before they've gone through this rock bottom moment?

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Unfortunately, most people have to experience things for themselves.

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And I've been that way on many lessons.

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I've had so many mentors and people come through these doors like, Ryan, this is what you should be doing.

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This is what you should be doing.

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I'm like...

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Yeah, I'm going to keep doing this.

235
00:11:53.439 --> 00:11:55.081
And sure enough, they're right.

236
00:11:55.201 --> 00:11:57.464
You know, years later, I'm like, bro, I should have listened to you.

237
00:11:57.484 --> 00:12:01.648
But sometimes you just got to take the punches to realize it.

238
00:12:01.688 --> 00:12:11.879
So, I mean, like, if you're in the minority and you're able to take it a story like that and truly feel the pain and, like, just apply it to your life, kudos.

239
00:12:12.928 --> 00:12:13.749
But most people aren't.