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The Calum Johnson ShowThe Calum Johnson Show

Ex Wall Street Millionaire: How To Build Wealth Without Leaving Your Job (The GENIUS Method!)

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Ashley FoxguestCalum Johnsonhost
Sep 30, 20241h 35mWatch on YouTube

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At a glance

WHAT IT’S REALLY ABOUT

Ex-Wall Street Advisor Ashley Fox on Healing, Mindset and Building Wealth

  1. Ashley Fox says the main difference she saw in wealthy people on Wall Street was a belief that they deserve wealth and a refusal to play the victim, and she argues mindset must change before habits do.
  2. She describes how a childhood spent chasing her father's approval drove her to top grades and a six-figure Wall Street job, then left her unfulfilled and led her to therapy, spiritual guidance and self-observation.
  3. After quitting Wall Street she went through failed ventures, an eviction and a stint as a financial advisor before Empify became a company in 2017, a path she sees as each step preparing her for the next.
  4. For beginners she recommends defining a monthly income goal, opening a brokerage account, investing a small amount regularly, and buying stock in companies you already spend money with.
  5. She explains dividends, dividend aristocrats and REITs as a way to build predictable passive income alongside a job, and closes with how her late father's financial legacy reframed her story.

IDEAS WORTH REMEMBERING

5 ideas

Mindset shifts come before financial results

Fox says that when she fixed her habits and how she saw herself and money, the money started to come and she worked less to create more.

Achievement driven by approval leaves you empty

She chased grades, jobs and money to win her father's approval, and only found fulfillment after therapy helped her act on what felt right to her.

Observe your thoughts rather than obey them

Fox separates the voice doing the thinking from the one watching it, and says tracking her fears and repeated stories let her choose different beliefs. Calum Johnson relates this to what he learned about meditation.

Start small and start now

She tells people to pick a comfortable amount, cut it in half, and not be embarrassed to start with $10, since she says small amounts add up and waiting only costs time.

Own a piece of what you already buy

Fox argues that people spend heavily with large public companies but don't own them, whereas wealthy people value ownership more than consumption.

WORDS WORTH SAVING

5 quotes

Don't be embarrassed for starting small. Be embarrassed for not starting at all.

— Ashley Fox

I don't think people live paycheck to paycheck. I think they just spend paycheck to paycheck.

— Ashley Fox

If we fix what's on the inside, the outside will be a manifestation of your inside.

— Ashley Fox

You value your spending more than you value your ownership. The difference is wealthy people value ownership more than they value spending and consumption, and that is a complete mental shift.

— Ashley Fox

Being rich is having a lot of money right now. Being wealthy is having money generation after generation.

— Ashley Fox

Read the available transcript
Wealthy mindset vs. victim mentalityChasing parental approvalTherapy and self-observationLeaving Wall Street and founding EmpifyStarting to invest with small amountsDividends and passive incomeOwnership over consumption

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SPEAKERS

  • Ashley Fox

    guest

    Former Wall Street professional and entrepreneur, known for founding/leading Empify and teaching personal finance and investing.

  • Calum Johnson

    host

    Host of The Calum Johnson Show, interviewing guests about career, mindset, and wealth-building.

High quality AI-generated summary created from speaker-labeled transcript.

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