A 2016 study published in the Journal of Research in Personality found that people who felt a sense of purpose accumulated more wealth than those who feel as though their lives lack meaning. The researchers discovered that individuals with a sense of purpose have a higher income and a bigger net worth than those who feel as though their lives lack meaning.  Even when they controlled for known factors that predict financial success--like demographics and personality--they found a sense of purpose made a big difference in a person's financial life.  The researchers suspect people who feel their lives have meaning are goal-oriented. Looking at their long-term goals likely motivates them to develop better financial habits.

In this episode, Ralph and Touly jump into the Trenches with Patrice and Gerald Washington.  From running a seven-figure business to basically losing it all, this couple understands what it means to chase money without a purpose.  The Washington's explained their journey, and how they grew closer together through the tough times. They supported each other while rebuilding what was taken from them, but this time it was to chase purpose, not money.  

Key Takeaways from this episode:

• Never take anything for granted because before you know it, it could all be gone
• Coming together through the hardest times makes you that much stronger 
• And chase purpose, not money

About Patrice: Patrice Washington​ is an award-winning author, transformational speaker, hope-restoring coach, and media personality. Patrice got her start as your favorite personal finance expert, “America’s Money Maven”, having tremendous success with her “mindset approach” to personal finance. She has since expanded her brand and mission, encouraging women to chase purpose, not money. Patrice is committed to redefining the term “wealth”, using its original meaning, “well-being”. She encourages women to have “wealth” in all aspects of their lives by pursuing their purpose, being fulfilled, and earning more without ever chasing money. Through her teachings, Patrice empowers women to look at life through the lens of abundance and opportunity, instead of lack and scarcity. As the founder of Redefining Wealth and The Earn More Money Movement for Women​, Patrice has built a thriving community of high-achieving women committed to creating a powerful life vision--in their careers, home, health, and personal finances.   About Gerald: With a longstanding history of taking brands and businesses to the next level of success, Gerald’s leadership, innovation, and business acumen leave only two words to describe him: Empire Builder.

Today he’s building a family empire that includes several multi-unit real estate holdings, a transportation company, brand management division and now transformation arm via his speaking, coaching programs and new book, Don’t Just Start a Business, Build an Empire.

Social Media for the Washington's: Patrice Washington

• Website: PatriceWashington.com
• Instagram: @SeekWisdomPCW
• Twitter: @SeekWisdomPCW
• Facebook: @SeekWisdomPCW

Gerald Washington   Website: https://www.geraldwashington.com/ Instagram: @empirebuildergw Facebook: Gerald Washington - The Empire Builder   ----------------------------------------------------------------------------   Trench Announcements:

The Money Therapist

Sharita is offering, from now until December 13th, the opportunity to get a 30-minute virtual consultation for $50 (Valued at $450 a session). Also one person from the Trench Mob will be selected to receive monthly complimentary coaching from January to March 2020 if they book through this exclusive deal. 

Trench Mob head over to sharitamhumphrey.com and book your 30-minute consultation today because its time to get financially fit! ***USE CODE -->Trench Mob***

Saverlife.org

https://www.saverlife.org/?utm_source=sharitamhumphrey&utm_medium=unknown&utm_campaign=001   ----------------------------------------------------------------------------   Trenches Social Media: Instagram: @inthetrenchespodcast Facebook: In The Trenches with the Toulons Twitter: @TrenchesPodcast Website: https://inthetrenchespodcast.com   ----------------------------------------------------------------------------   References:

1. Science Says Finding Your Purpose Could be the Key to Financial Success: https://www.inc.com/amy-morin/you-dont-have-to-choose-between-becoming-wealth-and-doing-something-meaningful-.html  
2. Why should a fool have money in his hand to buy wisdom when he has no sense? Proverbs 17:16