091: The Commitment to Business Ownership Builds Wealth; The Gathering Darkness Tests That Commitment (1/9)

Mindful Money

Upcoming Event!

How Can Mindfulness Help You Reach Financial Independence?

Do you want to reduce money anxiety, but don’t know who to trust?

Would you like to learn how to set up and manage your own retirement plan?

Do you want to know how we create a passive income stream you can’t outlive?

If yes, join us and learn how to answer the 4 critical financial independence questions:

• Am I on track for financial independence?
• What do I need to do to get on track?
• How do I design a mindful investing portfolio?
• How do I manage that portfolio and my income over time through changing markets?

Learn more: https://courses.mindful.money/financial-independence-bootcamp

In today's episode, I delve into the empowering reality that the vast majority of wealth in America is not handed down through generations but is actually self-made. It's a fact that flips the script on economic fear and opens up a world of possibility for anyone with the drive to succeed, even amidst global turmoil.

I bring you stories and insights from my years as a financial advisor, shedding light on how an average income can be the seed for a thriving financial future. The key? Business ownership and strategic investments in solid companies. This isn't a tale for the elite few; it's a roadmap for anyone ready to grasp financial opportunities, regardless of the economic climate.

But it's not all about the numbers. We face a "gathering darkness," an array of challenges that stir up our primal instincts of fear and flight. I address the importance of mindfulness as a tool to navigate through the sensationalism and anxiety that often accompany uncertain times, encouraging a steadfast focus on long-term goals.

By breaking down these concepts and offering practical advice, I aim to guide you through the tempests of doubt and into a future where your aspirations are not just intact but flourishing. Join me as we confront the "gathering darkness" and transform it into a journey towards financial liberation.

📺 Watch on YouTube

https://youtu.be/G4FPyb7H7wM

Key Takeaways

(00:00) Generation Control and Inherited Wealth

(06:17) Building Wealth for Your Family

(09:44) Natural Selection's Power in Our Minds

(17:48) Owning Shares in Great Companies

Tweetable Quotes

"Owning shares in the great companies of the US and the world is the dominant cause of all wealth. It is greater than all of the other causes combined."

"As the darkness gathers, the screaming will get worse. We have to recognize that the facts may also get worse as well. Until, eventually, they start getting better again. No one's going to know how markets or economies will react... There are no facts about the future. The light will always be followed by the dark, and the dark again by the light."

"The only reliable way to build wealth for yourself and your family that you can turn into a rising stream of income that rises to match your rising cost of living and last the rest of your life is by owning businesses, owning shares of the great companies of the US and the world."

Mindful Money Resources

For all the free stuff at Mindful Money: https://mindful.money/resources

To buy Jonathan’s first book - Mindful Money: https://www.amazon.com/Mindful-Money-Practices-Financial-Increasing/dp/1608684369

To buy Jonathan’s second book – Mindful Investing: https://www.amazon.com/Mindful-Investing-Outcome-Greater-Well-Being/dp/1608688763

Subscribe to Jonathan’s Weekly Newsletter: https://courses.mindful.money/email-opt-in

Capture the most important benefit of an advisor – behavioral support – without the 1% fee: https://courses.mindful.money/membership

For more complex, one on one financial planning and investing support with Jonathan or a member of Jonathan’s team: https://www.epwealth.com/our-team/berkeley/jonathan-deyoe/

Website: https://mindful.money

Jonathan on LinkedIn: https://www.linkedin.com/in/jonathandeyoe

🎙️

Podcast Production & Marketing by FullCast

Back to Podcast Homepage

This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy