The Mindful Wealth Podcast

Can Stories Make Us Wealthy?

Storytelling is a fundamental part of being human. Our personal narratives enable us to connect with the stories of other individuals — they also give us inspiration and allow us to inspire others.  In this episode Terrie and Jonathan have a deep conversation about narrative by sharing their own personal experience and journeys. They discuss how narrative can be a force for personal transformation, or for manipulative selling of products. Don’t miss this! What we learned from Terrie and Jonathan in this episode: - The relationship between narrative and financial outcomes. - The deep connection between transformational process and narrative.  - What does authentic narrative truly mean? - How to achieve transformation through the tool of narrative.  Success Quotes: “I don't see how you can go through a transformational process without rewriting whatever narrative you have.” -Terrie Schauer “The more tied down to that narrative you are, the less you can become.” -Jonathan DeYoe Timestamp: 00:00 - Intro 01:13 - Jonathan talks about how narrative interacts with financial outcomes.  03:27 - Terrie explains why transformational process will not happen without rewriting your narrative,  06:18 -  Jonathan discusses what authentic narrative is.  07:55 - Terrie describes the connection between ego constructs and narrative. 10:27 - Jonathan shares his own story of success — losing weight and starting his own business. 15:09 - Jonathan reveals how he achieved the transformation through the tool of narrative.  17:18 - Terrie breaks down what the great narrative of overcoming truly means and how we can achieve the true transformation.  21:24 - Terrie shares how narratives affected her financial situation.  24:02 - Jonathan shares his final thoughts on narrative as a tool to facilitate becoming and to facilitate overcoming.  26:35 - Outro Connect with us: Jonathan DeYoe - Money Philosopher LinkedIn: https://www.linkedin.com/in/jonathandeyoe/ [https://www.linkedin.com/in/jonathandeyoe/] Terrie Schauer, PhD - Author of Mindful Landlord LinkedIn: https://www.linkedin.com/in/terrieschauer/ [https://www.linkedin.com/in/terrieschauer/?originalSubdomain=ca]

Scarcity Mindset

What is a “scarcity mindset”? Where does it come from? Are feelings of scarcity cultural, psychological, economic? It’s not always easy to discern.  In this episode, Terrie and Jonathan unpack what scarcity mindset feels like, where it comes from, and what steps might be taken to counter it at a personal and wider level.   Don’t miss this! What we learned from Terrie and Jonathan in this episode: - What does it feel like to have a scarcity mindset? - Scarcity Mindset, Social Status, and Inequality... how are they related? - The true nature of global inequality.  - The arguments about Piketty’s book and Darwin economics.  - How to bridge the gap between meritocracy and scarcity mindset. - Is there a trade off for everything?  Success Quotes: “The reality is, everyone alive in the US and Canada today is incredibly lucky. We would all prefer being here than anywhere 150 years ago.” -Jonathan DeYoe “It's the fish not being aware of the water, because something allows all of those proceeds to go to the very top.” -Terrie Schauer Timestamp: 00:00 - Intro 01:17 - Jonathan describes what it feels like to have a scarcity mindset. 04:26 - Terrie and Jonathan discuss the correlation between a scarcity mindset and low social status. 10:42 - Does the culture reflect and reinforce a scarcity mindset in people affected by it? (... a look at the true nature of global inequality.) 14:37 - Terrie and Jonathan talk about the level of inequality based on Piketty's book. (... Is it a problem of meritocracy?) 19:19 - Is the world a more meritocratic place now than it was years ago? (... let’s hear about Darwin economics and the arguments that Piketty’s R is greater than G.)  27:01 - The meritocracy for a common man.  30:06 - Can we bridge the gap between meritocracy and scarcity mindset? (... let's listen to what Jonathan has to say.) 35:29 - Jonathan shares a very interesting topic about trade offs.  38:27 - Outro Connect with us: Jonathan DeYoe - Money Philosopher LinkedIn: https://www.linkedin.com/in/jonathandeyoe/ [https://www.linkedin.com/in/jonathandeyoe/] Terrie Schauer, PhD - Author of Mindful Landlord LinkedIn: https://www.linkedin.com/in/terrieschauer/ [https://www.linkedin.com/in/terrieschauer/?originalSubdomain=ca]

Does Housing Debt Create Inequality? Part 2 - Interview with Greg W. Fuller

Most Western economies–the United States, Britain, Canada, the Scandinavian countries and Spain to name a few–are experiencing high levels of debt associated with housing combined with intense affordability issues. In some economies, the 2008 crisis corrected house prices to some degree, but in the post-COVID environment house-prices have once again risen. Similar or greater levels of debt have again manifested themselves.  Is the root of this a problem with credit markets and mortgage debt?  Don’t miss this second part of our interview with Greg Fuller as we dive deep down the realm of housing debt.  Enjoy listening!  What we learned from Greg Fuller in this episode: - The effect of debt in housing. (... a glimpse of hope as Greg compared the situation to 10-15 years ago.)  - Does building more housing actually solves the housing crisis? (... let’s hear the consequences of this idea.) - The shift from rural to more urban economies — is it good or bad?  - How does Capital Control prevent foreign investors from abusing the system?  - How does the cross border flow of capital affect the housing crisis? Success Quotes: “If you give capital kind of a structural advantage over labor, you're gonna get growing inequality on a global scale.” “I think that whatever you mean with wealth, you can't think about it without thinking about what you have and what you contribute to the people around you.” Timestamp: 00:00 - Intro 02:04 - At what point does debt become the problem? Greg shares his take on this issue.  06:27 - Can we solve the housing crisis by building houses like there's no tomorrow? (... a look at how Supply and Demand affects this idea.) 12:17 - Greg discusses how the housing crisis can be resolved when it is in the hands of the right individuals. 15:54 -  Greg talks about the effect of the shift from rural to more urban economies.  21:17 - Greg adds another micro element as to why people tend to concentrate in one area.  24:24 - Greg shares how capital control works.  28:49 - Is there a problem with foreign investors building up housing stock that is not serving local demand? Let’s hear what Greg has to say.  34:06 - What does true wealth mean to Greg?  35:43 - Ways to reach out with Greg.  36:10 - Outro Connect with Greg Fuller: LinkedIn: https://www.linkedin.com/in/gregory-fuller-066a571b/ [https://www.linkedin.com/in/gregory-fuller-066a571b/]  Email: g.w.fuller@rug.nl [g.w.fuller@rug.nl]  Connect with us: Jonathan DeYoe - Money Philosopher LinkedIn: https://www.linkedin.com/in/jonathandeyoe/ [https://www.linkedin.com/in/jonathandeyoe/] Terrie Schauer, PhD - Author of Mindful Landlord LinkedIn: https://www.linkedin.com/in/terrieschauer/ [https://www.linkedin.com/in/terrieschauer/?originalSubdomain=ca]

Did Financial Markets Cause Today’s Housing Crisis?

So where do housing markets stand today? That is the biggest question we have. The global capital markets and financial excesses have transformed global housing and real estate markets all over the world. Combined with inadequate capitalization and insufficient safeguards in the financial system, unsustainable home mortgages were at the root of the crisis.  Join us in this episode as we feature our special guest, Gregory Fuller, Assistant Professor at University of Groningen and author of the book “The Political Economy of Housing Financialization” as he offers a number of policy suggestions intended to weaken the links between housing, economic instability, and inequality. Enjoy listening!  What we learned from Greg Fuller in this episode: - How is housing related to the concept of true wealth?  - What’s the housing status in post-COVID season? (... a look at the unique thing in this season.) - How national housing systems diverge in terms of their commodification and financialization. - Are we now achieving financial equality when it comes to housing affordability?   - The Safe Assets Shortage Conundrum — what’s happening in today’s economy?  Success Quotes: “It's hard to talk about wealth in any meaningful sense without talking about houses.” Timestamp: 00:00 - Intro 01:16 - Greg shares his background and how he was able to attain what he has today.  03:56 - What’s the relationship of housing in true wealth? (... let’s hear what Greg has to say.) 06:53 - What is the unique thing in post-COVID? 09:19 - Is today’s season the season of equality when it comes to financial accessibility? 12:58 - How is it that housing became the store of middle class wealth? (... a history of why it became the generative of inequality.) 20:31 - Greg talks about The Safe Assets Shortage Conundrum and how it affects the current economy.  23:57 - Outro  Connect with Greg Fuller: LinkedIn: https://www.linkedin.com/in/gregory-fuller-066a571b/ [https://www.linkedin.com/in/gregory-fuller-066a571b/]  Connect with us: Jonathan DeYoe - Money Philosopher LinkedIn: https://www.linkedin.com/in/jonathandeyoe/ [https://www.linkedin.com/in/jonathandeyoe/] Terrie Schauer, PhD - Author of Mindful Landlord LinkedIn: https://www.linkedin.com/in/terrieschauer/ [https://www.linkedin.com/in/terrieschauer/?originalSubdomain=ca]

How Your Money Can Make a Difference with Felecia Froe

Can money be invested to make a difference? Can we work to close the gender-wealth gap through investing?  Our guest in this episode, Felecia Froe MD, tells us from experience that there are a lot of ways to make a difference with money. Founder of Money With Mission, an investment company focused on empowering professional women to build wealth and achieve financial freedom through social impact investing, Felecia tells us about some of the projects she’s invested in. She also tells us about her own journey: from MD to impact investor.  If you are looking for ways on how to bridge the wealth gap and how to invest while helping the community at the same time, this episode is for you!  Enjoy listening!  What we learned from Felecia Froe in this episode: * What does “true wealth” mean to Felecia? * Money With Mission — an investment company that provides opportunity to take control of your finances by building wealth that outlives you.  * What is Tulsa’s Project Oasis grocery store? (... a look at its noble purpose in the community.) * Why is there a financial-gap between men and women? (... let’s hear Felecia’s thoughts and her solution on how we can bridge the gap.)  * When it comes to the true wealth factor, are there significant differences in wealth between men and women? (... let’s hear what Felecia has to say.) * Battle of confidence: what’s the difference between men and women’s confidence?  * What can men do to help women bridge the wealth gap? Success Quotes: “Women are better or have more experience in building community and that collaboration, or at least cooperation kind of community work.” -Felecia Froe “Mistakes are the way you learn.” -Felecia Froe “Questions are the way to learn anything, if you have no idea where to start.” -Felecia Froe “Working together to build the things that we need in this world to make it the place that it should be.” -Felecia Froe Timestamp: 00:00 - Intro 00:59 - Felecia shares a little of her career journey. 02:34 - What does “true wealth” mean to Felecia?  06:47 - Money With Mission — Felecia talks about the birth of her noble investment company.  09:30 - How does Money With Mission operate and help people?  13:52 - Grocery store in the desert — Felecia talks about their latest project “FreshRX food as medicine program”.  17:50 -  Felecia shares her experience of being an MD while in the investment space and being a woman of color. 22:08 - Felecia talks about her chapter in the book “Ignite the Hunger in You: How to Develop Your Greatness and Ignite Humanity”.  23:32 - How can we manage the imbalance in equity-gap? Felecia shares an interesting advice to women to help them build more financial abundance and true wealth. 27:47 - Financial gap — Felecia provides her insights about the imbalance of this among men and women.  30:39 - Is there a wealth disparity in terms of the true wealth factor? 32:29 - Felecia offers her thoughts about men and women confidence. 34:48 - How should men help women to bridge the gap in financial wealth?  36:44 - Felecia shares her final thoughts about women and health, and ways to connect with her.  Resource(s): Ignite the Hunger in You: How to Develop Your Greatness and Ignite Humanity: https://www.amazon.com/Ignite-Hunger-You-Greatness-Humanity/dp/1792341768 [https://www.amazon.com/Ignite-Hunger-You-Greatness-Humanity/dp/1792341768]  Connect with Felecia Froe: Website: https://moneywithmission.com/ [https://moneywithmission.com/] LinkedIn: https://www.linkedin.com/in/moneywithmission/ [https://www.linkedin.com/in/moneywithmission/]  Connect with us: Jonathan DeYoe - Money Philosopher LinkedIn: https://www.linkedin.com/in/jonathandeyoe/ [https://www.linkedin.com/in/jonathandeyoe/] Terrie Schauer, PhD - Author of Mindful Landlord LinkedIn: https://www.linkedin.com/in/terrieschauer/ [https://www.linkedin.com/in/terrieschauer/?originalSubdomain=ca]