Ross Mac of Maconomics shared truth bombs about changing our collective mind about and relationship with money: use it as a tool to build wealth, why the conventional wisdom of saving isn't enough, how to talk with kids about money, and building good habits so we can reap the rewards of our discipline.🔗 FOLLOW RO$$IG: https://www.instagram.com/imrossmac/TikTok: https://www.tiktok.com/@maconomicsYouTube: https://www.youtube.com/@RossMacLinkedIn: Twitter: https://twitter.com/imrossmacThe Maconomics Show: https://t.co/F8AwmjMhP6Macnomics: https://maconomics.com/Maconomics Wealth Summit: https://maconomics.com/macsummit/maconomics-wealth-summit-chicago-july-2023⌚️ TIMESTAMPS02:14 What is Maconomics?04:25 Netflix documentary "Get Smart With Money": a hopeful mindset shift about money07:55 Living paycheck to paycheck: income vs. spending habit08:31 Learning money habits from parents19:31 Investing = Paying your future self first25:09 50/30/20 rule: allocating money wisely26:47 Spending less is better than making more $33:09 Statement vs. due dates: gaming credit scores36:16 Income limit vs. credit limit38:53 Talking to kids about money45:00 The American culture of borrowing money51:03 Financial freedom and compound interest

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