Episode 156: Joel Salomon – Making Budgeting Fun? How to Transform Your Relationship with Money!

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In this insightful episode of “the builders,” host Matt welcomes back Joel Solomon, a financial guru and self-improvement enthusiast who captivates the audience with his dynamic approach to money management and personal growth. As an advocate for continuous learning, Joel shares his unique perspective on turning financial responsibility into a fun and engaging activity. This episode not only delves into the significance of reading for professional development but also provides a deep dive into the power of budgeting and transforming one's financial landscape.

Joel Solomon prompts entrepreneurs to always prioritize ‘paying themselves first' and sheds light on the importance of understanding personal money personality types, which can significantly impact business decisions and relationships. As the conversation unfolds, Joel introduces fun and motivating techniques like ‘The Budget Game' to help listeners effectively manage their finances. By the end of the episode, Joel passionately asserts that focusing on money with positive energy can lead to phenomenal growth both personally and professionally.

Key Takeaways:

  • Emphasize the importance of learning and growing every day, with Joel Solomon advocating the reading of a book a week to enhance knowledge and mindset.
  • Understand the imperative of paying oneself first in a business to secure personal financial stability.
  • Learn about the ‘sugar pie' money personality types that Joel and his co-author created and their influence on how individuals and businesses handle finances.
  • Discover ‘The Budget Game,' an engaging approach to budgeting that turns a typically mundane task into a motivating and goal-oriented activity.
  • Recognize the impact of concentrating on money and how this focused energy can lead to unexpected financial opportunities and ‘money miracles.'

Joel Salomon

Joel Salomon is an award-winning TEDx speaker, workshop facilitator and frequent television and podcast guest

Joel Salomon is a Finance and Mindful Money Expert and Master Prosperity Coach who helps others overcome obstacles standing in the way of their financial freedom. He’s an award-winning TEDx speaker, workshop facilitator and frequent television and podcast guest who has been quoted in the Wall Street Journal, Newsday, U.S. News and World Report, and interviewed in Forbes and on Bloomberg Radio. As manager of a $700 million portfolio, the creator of his own successful hedge fund and the author of three best-selling books: Infinite Love and Money, The 9 Money Rules Millionaires Use and Mindful Money Management, Joel is an expert in the field of finance and the mindset of money.

As a hedge fund manager, Joel’s company, SaLaurMor Capital generated more than $1.5 million in revenues. And as a Prosperity Coach, Joel’s individual and Money Miracles Membership clients have manifested more than $4.95 million. Just as he teaches in his books and seminars, the true foundation of wealth and financial freedom is a mindset of abundance, self-worth, gratitude, love and service.

How to Create Money Miracles | Joel Salomon | TEDxColeParkStudio


  • Introduction and Recap
    • Introduction of Joel Salomon
    • Reference to previous episodes (138 & 144) discussing financial freedom, mindset, and belief
  • The Importance of Reading and Learning
    • Joel's habit of reading a book a week
    • Taking notes from books and sharing learnings
  • Daily Routine for Growth
    • Joel's morning routine including reading and visualization
  • Financial Insights and Making Budgeting Fun
    • Strategies for making financial management enjoyable
    • Discussion on budgeting and money management for entrepreneurs
  • Money Personality Types
    • Introduction to different money personality types
    • Application of these types in personal and business contexts
  • Paying Yourself First
    • The concept of prioritizing self-payment in business and personal finance
  • Mindset and Creating Money Miracles
    • How mindset affects financial success
    • Techniques and strategies for creating ‘money miracles'
  • Focus and the Law of Attraction
    • Discussion on focus and attracting financial success
    • Case studies and examples of financial improvements through focus
  • Practical Tips for Financial Management
    • Practical approaches to managing finances, including budgeting games
    • How small steps can lead to significant financial improvements
  • The Impact of Mindset on Business Success
    • Role of mindset in scaling and improving business
    • Strategies for increasing business revenues through mindset shifts
  • Pricing Strategy and Business Growth
    • Importance of appropriate pricing in business
    • Discussion on value-based pricing vs. cost-plus pricing
  • Future Plans and Courses Offered by Joel Salomon
    • Overview of upcoming courses and masterclasses by Joel
    • Discussion on content and objectives of these courses
  • Closing Thoughts and Takeaways
    • Final insights on the relationship with money
    • Encouragement to focus on financial health and prosperity. 

Click to See Episode Chapters and Timestamp

0:00:17Introduction and welcome
0:00:49Joel's reading habits and taking notes
0:03:21Joel's morning routine and learning mindset
0:04:35Sharing book notes with subscribers
0:06:24The impact of reading on personal growth
0:09:14The power of rereading books and gaining new insights
0:11:20Lessons from “Think and Grow Rich” for business owners
0:12:37Applying organization and preparation techniques in business
0:13:21Researching prospective clients before meetings
0:13:52Connecting on a personal level before discussing business.
0:14:14Importance of researching and preparing before networking or sales calls.
0:16:05The importance of building relationships and finding common ground.
0:16:59The significance of preparation in business interactions.
0:19:34The importance of paying yourself first in business.
0:22:04Understanding the different money personality types and their impact on business.
0:23:43The need to be conscious of financial matters and not avoid them.
0:24:57How to ease money worries and become more financially conscious.
0:26:14The importance of knowing where your cash is going and making budgeting fun.
0:26:54Introduction to the budget game
0:27:36Instructions for playing the budget game
0:29:06Testimonials of successful money manifestation
0:30:44Emphasizing the importance of mindset and experimentation
0:32:01Ranking and paying off debts in order
0:34:53The power of focus and energy
0:35:21Examples of increased revenue through focus
0:38:08The importance of pricing services appropriately
0:39:36Providing free resources for those unable to pay
0:40:03Joel has over 700 videos on his YouTube channel.
0:41:13Joel shares a recent success story of tripling a client's revenues.
0:43:06Joel emphasizes the importance of pricing products appropriately.
0:44:30Joel discusses the mindset of abundance and the power of numbers.
0:46:00Joel introduces his upcoming nine-week course on money rules.
0:47:58Joel mentions his master class on creating money miracles.
0:50:45Joel shares a story about the importance of having a relationship with money.
0:52:19You have a relationship with money, whether you know it or not.
0:52:24Marry your money, care about them, take them on a vacation.
0:52:31Don't love money at the absence of humans, but don't ignore it.
0:53:18Celebrate abundance and prosperity, pick up the $5 bill.
0:53:40Joel appreciates being on the show.
0:54:08Thanks for joining, see you next time.
Joel Salomon's quote

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