Today's guest is Bret Johnson. Bret began his career as a Quarterback at UCLA and Michigan State University, and later finished his career in the CFL with the Toronto Argonauts and a quick stint with the Atlanta Falcons.Now, he continues to apply his love for coaching to his clients and staff. Bret (the other half of Team Johnson and SmartLife Inc.) has built several multimillion-dollar lifestyle companies with his wife Chalene, and has taught countless others how to do the same. But, there’s another side of the story you may not be familiar with. Bret had a crippling gambling addiction years ago that went untold for some time. When it was all said and done Bret (and Chalene) had accumulated $500k in debt due to Bret’s addiction. After hitting rock bottom, Bret transformed his life, paid off the debt and the rest is history. and he is here to tell you the complete story from start to finish and more.
What to Listen For:
00:00 Intro
01:16 How did Bret’s gambling addiction start?
05:04 Why the NFL wouldn’t have stopped his addiction
07:18 A day in the life of a gambling addict
10:22 Chalene catches Bret
13:27 Bret’s “all or nothing” mentality
16:06 3 ways to deal with an addict that you love
17:45 Paying off $500k in debt
22:03 Rebuilding trust with Chalene
24:35 Having a healthy “money mindset”
27:00 How to take a cheap family vacation while paying off debt
29:11 Bret’s process for building wealth
32:21 He spends his money on THESE two things
34:24 How therapy has helped their kids
37:55 Bret’s love for fitness
41:20 Why schools should teach financial literacy
47:10 The importance of having financial goals early on
50:13 What does Bret teach in his course?
