How to Think & Manage Money Like the 1% (DOT ROTTEN TRIBUTE)

Title: WHERE THE FUTURE YOU MAY END UP The Desire to Inspire Podcast

Audio Reference: Joseph "Dot Rotten" Ellis -“”ISSUE THAT BLACK MALES DEAL WITH TODAY: NOT KNOWING HOW TO DEAL WITH FINANCES AND MANAGE WELL’”

"A lot of people in our communities weren’t taught financial literacy growing up.Not because we couldn’t learn it — but because no one taught it.But once you learn the rules of money, the game changes completely, “The problem isn’t that people can’t manage money.The problem is many people were never taught how.”

🧠 Episode Overview

The 1% Wealth Formula

Use income → Invest often → Own assets → Create leverage → Own time.

Simple in theory. But not easy in practice.

Over decades, this formula compounds into financial independence.

And ultimately, into something more valuable than money.

“Wealth is being able to make decisions because you own your time.”

How to Think & Manage Money Like the 1% explores how your time, habits, and emotional decisions quietly shape your future

🔑 Topics Covered

• Ways the 1% Build Long-Term Wealth: Takeaway actions today to build momentum
• They Think in Ownership, Not Wages: Time → Money → Assets → Freedom
• They Focus on Assets, Not Income: Ownership builds wealth, Consumption drains it
• They Use Debt Strategically: Most people fear debt., the wealthy use it as leverage.
• They Pay Themselves First: Income → Invest first → Spend what’s left.
• They Think in Decades: Small consistent actions over long periods create massive results.This is the power of compounding
• Why the 1% Formula Is Simple But HardBook RecommendationsIf you want to start thinking differently about money, these books help rewire your mindset.1. The Psychology of Money Lesson: Behaviour matters more than intelligence.2. Atomic Habits Lesson: Systems matter more than motivation.3. Rich Dad Poor Dad Lesson: Assets matter more than income.4. Principles Lesson: Probability thinking beats emotional decision-making.

Episode Action points and Key takeaways

If you want to start thinking differently about money, these books help rewire your mindset.

1. Pay Yourself First (Start This Week) Lesson: Small amounts done consistently build wealth over time.

2. Start Thinking in Ownership: Ownership is the foundation of wealth, time use is first

3. Learn One Financial Concept Every Month: One idea applied can change your entire financial trajectory.

4. Create a 5-Year Plan: Long-term thinking separates builders from consumers.

5. Build Systems, Not Motivation: This principle is explained well in Atomic Habits — small systems shape big outcomes.

6. Wealth Is More About Behaviour Than Income, more about what you do then what you make

7. The Wealth Formula Is Simple if you break it down, smart small and start today

8. The 1% Think in Decades, think how fast time moves and how long that last year went

9. Financial Education Changes Everything, master that everything starts moving

🎯 Core Message of the Episode

"No matter how bad your situation is right now…

If you keep learning, keep building, and keep improving…

Your situation can change"