How to Build the Mindset for Wealth with Dr. Latifat Akintade

Money significantly impacts our lives by influencing our opportunities, choices, and general well-being. However, many people have complicated and often negative relationships with money. Subsequently, the traditional systems of personal financial education have failed to provide us with practical, engaging, and shame-free ways to manage our finances. Thus, a healthy mentality, empowering financial practices, and a sense of economic empowerment are necessary to change our relationship with money.  

It has been said that building wealth is a long-term journey.  Assuredly, a positive money mindset will help you stay focused, motivated, and confident along the way. Consequently, developing wealth requires not only sound financial knowledge and strategy but also a positive attitude about money. In this way, our mindset shapes our views, attitudes, and behaviors about money.  

Developing an abundance-focused and positive attitude toward money can significantly improve your capacity to generate riches. In addition, you can have a more gratifying and rewarding relationship with money by consciously altering your thoughts and behavior. Therefore, we can conclude that financial freedom starts with transforming our relationship with money. 

Dr. Latifat Akintade is a coach, mom of three kids, GI Doctor, and Founder of Money Fit MD. Dr. Latifat helps women Physicians go from being financially overwhelmed to financially confident, so they can break the cycle of living from paycheck to paycheck and achieve financial peace of mind. She was also a recovering, people-pleasing, self-sacrificing ex-broke physician, wherein she realized the safer and better way to be the more loving, less shame-filled, and less judgmental approach to money. Thus, she believes that every woman Physician can achieve true financial success with the right tools. With MoneyFitMD, people will learn everything they need to win their money and live to curate their rich lives and build their net worth from the inside out. 

In this special episode with Dr. Latifat Akintade, we will learn about the inspiring journey of an empowered woman who was once bombarded by the negative thoughts of not being good enough at writing a book and how she overcame those limiting beliefs. Be captivated by how she shared her knowledge about money and how we can establish a good relationship with it to achieve financial freedom and a growth mindset.

"Mindset is so important because if you don't have a mindset, you can work yourself to death, but you can't work yourself to wealth." – Dr. Latifat Akintade

Topics Covered:

(00:00:00) Introduction + Episode Snippet

(00:00:38) Introducing our special guest, Dr. Latifat Akintade.

(00:01:34) From physician to an entrepreneur

(00:02:23) Trusting in the journey

(00:03:51) The Community of Women and Wealthy Mindset

(00:05:12) Mindset is essential.

(00:07:14) Our relationship with money.

(00:08:08) Financial freedom comes from discipline.

(00:10:21) Book Overview: Done with Broke

(00:10:44) Living your life and determining your money.

(00:12:02) The three vital relationships in life: Self, Money, and Others

(00:12:56) Wealth is more than money.

(00:13:36) Quick Reminder: Are you enjoying this episode? Please share it, leave a five-star review, and give feedback. Go to TimeOut with the SportsDr website.

(00:14:05) Taking a Sabbatical is Wealth itself.

(00:15:47) Living life without regrets.

(00:16:56) Seeing life through the lens of gratitude.

(00:18:15) How to overcome the obstacles of being a first-time writer

(00:19:32) If you want something, make it happen.

(00:22:24) It's who you become while writing a book.

(00:24:10) We have so much to accomplish in this world.

(00:25:11) Start taking action

(00:25:50) Connect with Dr. Latifat Akintade

Key Takeaways:  

"This is not something that I thought I would ever do in my life. Entrepreneurship was not on the life goal, writing a book was not on the life goal." – Dr. Latifat Akintade

 "Trust in the journey and letting my journey be led by a deeper calling, a compelling motivation, and a desire that goes beyond just myself." – Dr. Latifat Akintade

"We've been made to think that if we just work a little bit harder and grind more, we'll get all those trophies about how hard we've worked. When there is a need for focus." – Dr. Latifat Akintade

"When I think about mindset, I think about the building blocks of everything we do. The mindset is the pieces that come together to build the habits and frame through which we look at stuff." – Dr. Latifat Akintade

"We have opinions and impressions about things, and those opinions and impressions define how we interpret the data that gets fed into us." – Dr. Latifat Akintade

"If you don't have discipline or something to stick to, you can blow it on. The bigger the amount of money, just the larger the trips and the larger the people will ask for money or people will ask you to invest in different things, but education is the key." – Dr. Derrick Burgess

"From this day forward, I will educate myself to learn about money. I know I've learned so many things or I've heard so many things, but to actively take a role in learning, that's when it starts to change for me." – Dr. Latifat Akintade

"I thought money was just a language that I couldn't understand. And it's meant for people that don't look like me." – Dr. Latifat Akintade

"Living your life and letting money determine your life as opposed to you living your life and determining your money." – Dr. Latifat Akintade

"At the end of the day, it goes back to the relationships that we have with ourselves, the relationship we have with money, and the relationship we have with others." – Dr. Latifat Akintade

"Money is not meant to be hoarded. It's meant to be used as a tool to create the life we want now and future for ourselves and others." – Dr. Latifat Akintade

"Writing a book was something I didn't think about because I don't like writing. I've had fear for a very long time that I'm a bad writer, and I've changed my mindset about it." – Dr. Latifat Akintade

"There was a book that wanted to come out, but having all this baggage of what I thought I could or cannot do were the things that limited me." – Dr. Latifat Akintade

"The key is sometimes we do things ourselves and other times we find someone, it's who not how it would pretty much duck your socks off." – Dr. Latifat Akintade

"If there's something you want to do right now, at whatever age you are, just get it done. There are so many other great things that you are going to need to do." – Dr. Latifat Akintade

"If you want to write a book, get it over with because it's about the book, but it's more than the book; it's who you become through the process of writing the book." – Dr. Latifat Akintade

"Take things off your bucket list and put them on your to-do list so you can get them over with." – Dr. Derrick Burgess

Connect with Dr. Latifat Akintade:

Website: https://www.moneyfitmd.com/

Instagram: https://www.instagram.com/moneyfitmd/

Facebook: https://www.facebook.com/MoneyfitMD/

YouTube: https://www.youtube.com/watch?v=hq7G0c7zICg

LinkedIn: https://www.linkedin.com/in/dr-latifat-akintade-0137b5200/

Spotify: https://open.spotify.com/show/7Edq03KstP6TIV9c3kxMta?si=8c1f5477bac34fea

Connect with Dr. Derrick Burgess:

Website: https://www.drderrickthesportsdr.com/

Instagram: https://www.instagram.com/drderrickthesportsdr/

Facebook: https://www.facebook.com/TimeOut.SportsDr

LinkedIn: https://www.linkedin.com/in/derrick-burgess-72047b246/

YouTube: https://www.youtube.com/channel/UCHGDu1zT4K_X6PnYELu8weg

Email: thesportsdoctr@gmail.com

This episode of TimeOut with the SportsDr. is produced by Podcast VAs Philippines - the team that helps podcasters effectively launch and manage their podcasts, so we don't have to. Record, share, and repeat! Podcast VAs PH gives me back my time, so I can focus on the core functions of my business. Need expert help with your podcast? Go to www.podcastvasph.com