The Mindful Wealth Podcast

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The Mindful Wealth Podcast Learn how to close the gap between the rat race and true wealth. The Mindful Wealth Podcasts is abou

Success and Luck: Good Fortune and the Myth of Meritocracy by Robert H. FrankFrom New York Times bestselling author and ...
27/05/2022

Success and Luck: Good Fortune and the Myth of Meritocracy by Robert H. Frank

From New York Times bestselling author and economics columnist Robert Frank, a compelling book that explains why the rich underestimate the importance of luck in their success, why that hurts everyone, and what we can do about it. Summary from Princeton University Press

We discuss this book in episode 26! Find more book recs from us at mindfulwealthpodcast.com

“A tax has two effects, it raises revenue & it discourages the thing you tax. Why do we tax payrolls? Do we think it's a...
25/05/2022

“A tax has two effects, it raises revenue & it discourages the thing you tax. Why do we tax payrolls? Do we think it's a bad thing for companies to hire workers?” - Robert H. Frank

Historically, a tax has been placed for two different reasons. To raise income, to discourage the thing that has been taxed or some combination of both. Robert H. Frank wonders why this idea hasn’t been brought back to the forefront of economic thought. “Why do we tax payrolls? …What a crazy thing to tax when we could tax noise, we could tax congestion, we could tax carbon. Mindful Wealth Podcast guest Robert H. Frank talks about everything from taxes to inequality to contagious human behavior in episode 26.

Listen to the whole episode at mindfulwealthpodcast.com.

“Human behavior of all sorts is highly contagious. Smoking is very contagious. Eating healthily is contagious. Bicycling...
18/05/2022

“Human behavior of all sorts is highly contagious. Smoking is very contagious. Eating healthily is contagious. Bicycling is contagious. You see, putting solar panels on your rooftop, that's contagious too.” - Robert H. Frank

One of our guests on the podcast, Robert H. Frank also writes for New York Times and The Atlantic. In episode 25 we talked about contagious behavior and how it can be both a force for bad habits and good things too. This article from The Atlantic confirms that behavior, even good things like solar panels, is indeed contagious. And can impact things for the better, like working against climate change. Read more: https://www.theatlantic.com/magazine/archive/2020/03/climate-change-peer-pressure/605515/

Listen to the whole episode at mindfulwealthpodcast.com.

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This is part two of our interview with guest Robert H. Frank. He’s an economist and professor at the Samuel Curtis Johns...
17/05/2022

This is part two of our interview with guest Robert H. Frank. He’s an economist and professor at the Samuel Curtis Johnson School of Management at Cornell University. He writes and speaks on the topic of wealth inequality in the US and contributes to the economic view column at the New York Times.
In this half, we delved deeper into some of Robert’s books, the idea of cascade spending, and the debate between merit and luck.

Listen to the whole episode at mindfulwealthpodcast.com.

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With a timely new foreword by Robert Frank, this groundbreaking book explores the very meaning of happiness and prosperi...
13/05/2022

With a timely new foreword by Robert Frank, this groundbreaking book explores the very meaning of happiness and prosperity in America today. Although middle-income families don't earn much more than they did several decades ago, they are buying bigger cars, houses, and appliances. To pay for them, they spend more than they earn and carry record levels of debt. Robert Frank explains how increased concentrations of income and wealth at the top of the economic pyramid have set off "expenditure cascades" that raise the cost of achieving many basic goals for the middle class.
Check out this book and Find more book recs from us at mindfulwealthpodcast.com

Big is one of those relative concepts. This episode’s guest, Robert Frank reminds us that “you can have big at one scale...
11/05/2022

Big is one of those relative concepts. This episode’s guest, Robert Frank reminds us that “you can have big at one scale, or you can triple everything and still just have big; that’s wasteful.”

Inequality is a big issue. In this episode of the Mindful Wealth Podcast, we discuss wealth, taxes, and contagious human behavior. Do you think that wasteful behaviors can be contagious too?

Check out our thoughts at mindfulwealthpodcast.com.

“Every policy I recommend I would defend as being nonpartisan because if adopted, it would make the [economic] pie bigge...
04/05/2022

“Every policy I recommend I would defend as being nonpartisan because if adopted, it would make the [economic] pie bigger..to be able to divide it so that everybody gets a bigger slice than before.” - Robert H Frank

Economic policies and pie? Robert H. Frank, an economics professor from Cornell University, explains possible economic solutions using one of our favorite American desserts. Tune in to learn more from the Mindful Wealth Podcast.

Robert H. Frank is an economist and professor at the Samuel Curtis Johnson School of Management at Cornell University. H...
03/05/2022

Robert H. Frank is an economist and professor at the Samuel Curtis Johnson School of Management at Cornell University. He writes and speaks on the topic of wealth inequality in the US and contributes to the economic view column at the New York Times. We’re excited to speak with him in the next couple of episodes! We covered the meaning of wealth, human behavior, taxes, and more in our interview.

Head to mindfulwealthpodcast.com to listen to the full episode!
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Battling Eight Giants: Basic Income NowBy: Guy StandingInequality. Insecurity. Debt. Stress. Precarity. Automation. Popu...
29/04/2022

Battling Eight Giants: Basic Income Now
By: Guy Standing

Inequality. Insecurity. Debt. Stress. Precarity. Automation. Populism. Extinction. These are the Eight Giants. All citizens have a right to the wealth created by capitalism, and all – left or right, rich or poor – can benefit from a dynamic and ecologically grounded economy created by the guarantee of subsistence to all.

Follow the link in the bio to learn more about Standing and get your copy.

“If we’re going to get to true wealth, we have to work on recognizing the full humanity of all of us and setting aside o...
27/04/2022

“If we’re going to get to true wealth, we have to work on recognizing the full humanity of all of us and setting aside our identities as consumers to reengage our identities as neighbors, friends, and citizens and come together to safeguard our human rights.”
- Teva Sienicki

25/04/2022

Every pilot has shown a reduction in stress, mental illness, and physical illness. Improvements in productivity, motivation, and risk-taking. “Basic income,” as Guy points out, “Strengthens social solidarity. It makes people more tolerant. It makes people more altruistic.”

Listen to the full episode: mindfulwealthpodcast.com

22/04/2022

The band Massive Attack produced an audio/visual album in 2020. They had collaborators on each of the three individual tracks, including our most recent Mindful Wealth Podcast guest, Guy Standing.

“Now, when they asked me, I thought, What on earth? Why are they asking me, a boring economist, to do a music video on the precariat and basic income? And it's sort of really caught a nerve somewhere. That sort of thing doesn't happen to someone like myself again. But I'm very pleased I did it…it gave me an opportunity to do, in a short form, these arguments about what basic income is all about. And I thank massive attack for inviting me to do that.”

Guy Standing believes that human wealth is the ability to learn and be social, to have the freedom and the security to u...
20/04/2022

Guy Standing believes that human wealth is the ability to learn and be social, to have the freedom and the security to use our time and resources as we like.

He spoke with us about his life’s work understanding global class, income, and poverty systems and structures. In episode 24, he outlined the basis and rationale behind basic income structures. As a leading expert in the field, Standing describes how all citizens have the right to benefit from the wealth of capitalism and an ecologically grounded economy. Basic income is grounded in building a collective idea of human wealth, the ability to learn, and the right to basic security.

19/04/2022

Empathy is at the core of being human. Anyone in the position of chronic insecurity, poverty, loss of rights, and uncertain wages cannot be held to the same moral standard. You can’t be free without the same material resources that allow one to be moral.

Listen to the full episode and subscribe now at mindfulwealthpodcast.com

Guy Standing Part 2! Don't miss this follow-up to our last episode. Guy Standing is an economist, researcher, and co-fou...
19/04/2022

Guy Standing Part 2! Don't miss this follow-up to our last episode.
Guy Standing is an economist, researcher, and co-founder of the Basic Income Earth Network, Guy Standing spoke with us about his life’s work understanding the systems and structures of global class, income, and poverty. In episode 24, he outlines the basis of and the rationale behind basic income structures. As a leading expert in the field, Guy Standing describes how all citizens have the right to benefit from the wealth of capitalism and an ecologically grounded economy. Basic income is grounded in building a collective idea of human wealth, the ability to learn, and the right to basic security.

Listen to the whole episode at mindfulwealthpodcast.com and be sure to check out Guy Standing Part 1 if you missed it.

18/04/2022

We spoke with Guy Standing about insecure society, chronic uncertainty, and, of course, the pandemic. Shocks to the system - things that we cannot predict nor protect ourselves against. In these circumstances, we see more and more “othering,” “nastiness” of one another that stems from things like fear and ignorance. Things that stem from not participating in the life of a community, a city, a state, or a country. That education, to teach people to participate in life, in citizenship, is lacking compared to how our society teaches people how to make more money, be in business studies, or be successful in the financial market.

This involves redefining true wealth, human wealth. Guy Standing believes that human wealth is the ability to learn and be social, to have the freedom and the security to use our time and resources as we like.

Listen to the full episode anywhere you get your podcasts {Link in the Bio}

The PrecariatThe New Dangerous Class SPECIAL COVID-19 EDITIONBy: Guy StandingGuy Standing investigates this new and grow...
15/04/2022

The Precariat
The New Dangerous Class SPECIAL COVID-19 EDITION
By: Guy Standing

Guy Standing investigates this new and growing group, finding a frustrated and angry new underclass who are often ignored by politicians and economists. The rise of zero-hours contracts, encouraged by fat-cat corporations as risk-free employment and by silicon valley as a way of outsourcing costs and responsibility, has been exacerbated by the COVID pandemic. At the same time, in its lockdown experience, the western world realizes the true value of these nurses, carers, and key workers.

The answer? The return of income security and meaningful work - the principles 20th century capitalism was built on. By making the fears and desires of the Precariat central to economic thinking, Standing shows how concepts like Basic Income are not just desirable but inevitable, and plots the way to a better future.

Follow the link in the bio to learn more about Guy Standing and to get your copy.

“I just encourage everybody to get involved as a citizen and as a neighbor and to learn to have conversations across dif...
13/04/2022

“I just encourage everybody to get involved as a citizen and as a neighbor and to learn to have conversations across differences. Practice that Sonder and be curious and empathetic. I think that the more we can engage with one another and be problem solvers, the further we'll get.”
-Teva Sienicki

11/04/2022

"I had the privilege of being director of research for President Mandela's Labor Market Commission. And so I got to meet him a lot. And it was a great pleasure to work with him, obviously a great honor. I got some wonderful photographs. And it was one of the highlights of anybody's career."
- Guy Standing

Listen to the full episode: mindfulwealthpodcast.com

08/04/2022

The third dimension of the precariat, after uncertain labor and unstable wages, is the loss of rights of citizenship. “They're losing civil rights; they don't have equal access to justice, they're losing social rights, they don't have access to the social services on the basis of the other groups in society. They're losing economic rights; they can't practice what they're qualified to do. And they're losing cultural rights because they don't belong to a viable community that can give them an embedded sense of security.”

In Episode 23, Jonathan and Terrie speak with economist Guy Standing, who speaks about the growth of a global market economy where a small minority receives most of the world's income and millions of people face constant uncertainty at the edge of unsustainable debt. The growing precariat we must confront is defined by three dimensions: Unstable labor, uncertain wages, and the collective loss of the great rights - civil, cultural, and economic rights.
Listen to the whole episode: mindfulwealthpodcast.com

In Episode 23, Jonathan and Terrie speak with economist Guy Standing, who speaks about the growth of a global market eco...
06/04/2022

In Episode 23, Jonathan and Terrie speak with economist Guy Standing, who speaks about the growth of a global market economy where a small minority receives most of the world's income and millions of people face constant uncertainty at the edge of unsustainable debt. The growing precariat we must confront is defined by three dimensions: Unstable labor, uncertain wages, and the collective loss of the great rights - civil, cultural, and economic rights.

Learn more and listen to the full episode: mindfulwealthpodcast.com

05/04/2022

The Precariat’s 2nd dimension of three is uncertain wages. They have less and less access to non-wage benefits like paid holidays or rights-based in government. The distinctive form of income is money wages that are becoming more and more uncertain. Almost everyone in the precariat is living on the edge of unsustainable debt. “One accident, one mishap, one mistake, and they could be out in the street. And the mentality of that is incredible stress. And that stress plays on their capacity to make rational decisions.

Listen to the whole episode: mindfulwealthpodcast.com

04/04/2022

The first dimension that Guy Standing describes of the Precariat is unstable labor. He defines labor as what you do for a wage, distinct from work. Volunteering, housework, childcare, and social activities can also be defined as work, whereas labor has exchange value. The precariat does a whole lot of work for labor. Millions of people are doing work that isn’t being recognized and has consequences if it isn’t done.

In this episode, Jonathan and Terrie speak with economist Guy Standing, who speaks about the growth of a global market economy where a small minority receives most of the world's income and millions of people face constant uncertainty at the edge of unsustainable debt. The growing precariat we must confront is defined by three dimensions: Unstable labor, uncertain wages, and the collective loss of the great rights - civil, cultural, and economic rights.
Be sure to subscribe to the podcast so you don't miss the full episode dropping tomorrow!

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Mindful Money: Simple Practices for Reaching Your Financial Goals and Increasing Your Happiness DividendBy our very own ...
01/04/2022

Mindful Money: Simple Practices for Reaching Your Financial Goals and Increasing Your Happiness Dividend
By our very own Jonathan K. DeYoe. Forward by Alice Walker

Is it possible to be a conscientious citizen of the world and grow wealth?

Find this and more book recs at mindfulwealthpodcast.com

"True wealth is when an individual is content physically, economically, spiritually, emotionally, and socially" - Efosa ...
30/03/2022

"True wealth is when an individual is content physically, economically, spiritually, emotionally, and socially"
- Efosa Ojomo

25/03/2022

When meeting someone new, how often do you consider what life experiences they've lived and what makes them who they are? We draw our first impressions through tunnel vision, but if we want to gain true wealth, Teva Sienicki recommends we become more connected with those around us through wonder.

To hear more about sonder and how it can help us gain true wealth, check out this week's episode of the Mindful Wealth Podcast!

24/03/2022

A lot of times we let what divides us tear us down and make us less wealthy as a nation. If we can come together and maintain empathy and compassion, we can be innovative and look for evidence-based policies that allow us to build True Wealth.

It’s an interesting question of whether a person can have wealth on their own or if True wealth only exists in the web of our interconnected common humanity.

Listen to the full episode at mindfulwealthpodcast.com

“Development and prosperity take root when we develop innovations that pull in necessary resources a society requires.” ...
23/03/2022

“Development and prosperity take root when we develop innovations that pull in necessary resources a society requires.” - The Prosperity Paradox

Teva Sienicki is a TEDx speaker who is joining the The Mindful Wealth Podcast this week. She is the Co-Chair of Blueprin...
22/03/2022

Teva Sienicki is a TEDx speaker who is joining the The Mindful Wealth Podcast this week. She is the Co-Chair of Blueprint End Hunger and CEO of Metro Caring. In her TEDx speech Teva Sienicki talks that to end poverty once and for all, we need to root out its root causes, not just alleviate its manifestations.

To the question of how Teva Sienicki found True Wealth way, she gave such an answer, that a Holistic Concept that recognizes our interconnectedness, recognizes both our material and spiritual well-being. Holistic wealth is sourced in our interconnectedness. Our divisions – race, place, tribe – keep us away from True Wealth.

We need to set aside our identities as consumers and embrace our identities as neighbors and friends and citizens.
Head to mindfulwealthpodcast.com to listen to the full epsiode.

Terrie Schauer just released the second edition of her book Mindful Landlord.If you're looking for instant success or qu...
18/03/2022

Terrie Schauer just released the second edition of her book Mindful Landlord.

If you're looking for instant success or quick money from real estate investing, this isn’t the book for you. Mindful Landlord isn’t another get-rich-quick real estate book. There are enough of those books out there already. And when was a get rich scheme ever really reliable?

Instead, within these pages, you’ll learn about growing your wealth sustainably through wise real estate investments that work for you and your family. Landlording is a business and this book is going to show you how to start and grow that business so you can reach financial freedom and personal growth.

Get your Copy today at mindfullandlord.com Terrie Schauer Inc.

“Innovation is not only about high-tech solutions; it is the change in the processes by which an organization transforms...
16/03/2022

“Innovation is not only about high-tech solutions; it is the change in the processes by which an organization transforms labor, capital, materials, and information into products and services of greater value. That doesn’t necessarily involve cutting-edge technology.”
- The Prosperity Paradox

13/03/2022

IF my goal is to alleviate a particular pain (hunger, lack of water, lack of energy, etc.). Let’s say that Jacob comes to me with some pain and I resolve that pain for a short period (without fixing the underlying problems)… I can then write an annual report expressing how successful we are.

They are successful because they are asking the wrong question.

Of course, when you donate mosquito nets and give free cash transfers, you will have an impact. But, what is the goal here? Is the goal to alleviate the pain and struggle a little bit or is the goal to fundamentally transform people's lives and help them become independent beings?

"The real voyage of discovery consists not in seeking new landscapes but in having new eyes." - Marcel Proust
13/03/2022

"The real voyage of discovery consists not in seeking new landscapes but in having new eyes."
- Marcel Proust

11/03/2022

When you go into a poor community (even within a rich country), you are slapped with the lack, it just hits you in the face. There is just so much LACK. People don’t have access to education, healthcare, no access to healthy food.” And there is this incredible desire to help – it’s a human desire.

With most philanthropic work, we identify a need and we PUSH the resources that the community needs. If there is a lack of education, we push the schools. If there is a lack of healthy food we push better farming techniques. We push new technology and institutions into a context that is not ready to absorb and receive.

“Market Creating Innovation” creates a PULL effect.
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05/03/2022

Casual conversations over coffee can be powerful enough to change worldwide policies. We don't always need "friends in higher places," sometimes we just need friends and a passion for change. Tune in to the MWP to hear more with Rajen Mahkijani.

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Scale: The Universal Laws of Life, Growth and Death in Organisms, Cities, and CompaniesBy Geoffrey WestPhysicist Geoffre...
04/03/2022

Scale: The Universal Laws of Life, Growth and Death in Organisms, Cities, and Companies
By Geoffrey West

Physicist Geoffrey West studies complex systems and networks. Using fractal geometry and the laws of scalability, he relates his astounding biological findings to cities organizations and business as well.

Find this and more book recs at mindfulwealthpodcast.com link in bio

03/03/2022

List 3 experiences that radically changed the way you view the world. If you're struggling to list 3, try exploring the space around you... maybe just two blocks down. Tune in to MWP to hear Rajen Mahkijani share his 3 experiences that changed his life and the tips he offers to help everyone explore the space around.

03/03/2022

Joy can be difficult to find, so sometimes we find it by reframing the way we view life. True wealth to Rajen Makhijani is to find joy as a "billionaire of moments" in life. Want to learn how to do that too?
Follow the Link in Bio for answers.

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"I looked across what I call the 'glass wall of class' and take a peek at the other side. And what I found was that the ...
02/03/2022

"I looked across what I call the 'glass wall of class' and take a peek at the other side. And what I found was that the other is actually just another me. For all of the divisions and duality - actually, they're trying to solve the same things that I'm trying to solve for."
- Rajen Makhijani

“We have sort of divided ourselves into some kind of subspecies. We look at each other with feelings of strangeness and ...
23/02/2022

“We have sort of divided ourselves into some kind of subspecies. We look at each other with feelings of strangeness and 'I don't understand why you do this,' our frames of reference are different and we end up making judgments about the other"

- Rajen Makhijani

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