Debt: Engine of Prosperity or Road to Ruin?

Takeaway: Gain a more comprehensive understanding of the role of debt in the economy

Money Learnings: Richard had a pretty typical upper middle class upbringing. He  got an allowance and had a part-time job

Bio: Richard Vague’s career has spanned fields as varied as banking, energy, government, and the arts. He recently served as Secretary of Banking and Securities for the Commonwealth of Pennsylvania. Vague previously was managing partner of Gabriel Investments, an early stage venture capital company; was also co-founder, Chairman and CEO of Energy Plus, an electricity and natural gas supply company; and also co-founder and CEO of two banks – First USA, which was sold to Bank One, and Juniper, which was sold to Barclays PLC. He is author of numerous books. His new book is Paradox of Debt: A New Path to Prosperity Without Crisis (Univ of Pennsylvania Press, Juuly 11, 2023). Learn more at richardvague.com

Highlights from this episode: 

•  
• Richard Vague discusses how he fell into a career in banking accidentally after dropping out of college and needing a job to pay for school
• Richard talked about what inspired him to write his book “Paradox of Debt”
• Vague explains how excessive mortgage lending led to the 2008 financial crisis
• Discussion about government spending and debt actually creates wealth by injecting money into the economy
• The paradox of how debt is both beneficial in growing the economy yet also increases inequality and leads to financial crises over time
• Vague recommends being skeptical of both government and the private sector, as both are capable of doing good and harm.
  

pardoxofdebt.com

https://www.richardvague.com

Richer Soul Life Beyond Money. You got rich, now what? Let’s talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let’s figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It’s about personal freedom!

Thanks for listening!

Show Sponsor: http://profitcomesfirst.com/

Schedule your free no obligation call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes

If you like the show please leave a review on iTunes: http://bit.do/richersoul

https://www.facebook.com/richersoul

http://richersoul.com/

rocky@richersoul.com

Some music provided by Junan from Junan Podcast

Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

Get What You Want in Life

Takeaway: Believe in oneself and set clear goals to train the brain to find a way to achieve them

Money Learnings: Despite initially believing he was not good at math, he successfully became a math professor and even wrote two college textbooks on computer software and math.

Bio: Steven Campbell acquired his Masters at the age of 55 to pursue his greatest love; teaching, He then became a professor, author, educational dean, and professional speaker. 

After writing his third book, “Making Your Mind Magnificent” in 2010, he has given seminars on cognitive psychology around the world, teaching how we can change what we are saying to ourselves about ourselves. The result has been significantly more satisfaction and success for the attendees in his workshops.

Highlights from this episode:

• Steven shares how changing his self-image improved his math skills and career
• The power of the mind in achieving goals
• The importance of believing in oneself and having realistic goals
• Accepting compliments and acknowledging one's own abilities
• The power of positive self-talk
  
  

Richer Soul Life Beyond Money. You got rich, now what? Let’s talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let’s figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It’s about personal freedom!

Thanks for listening!

Show Sponsor: http://profitcomesfirst.com/

Schedule your free no obligation call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes

If you like the show please leave a review on iTunes: http://bit.do/richersoul

https://www.facebook.com/richersoul

http://richersoul.com/

rocky@richersoul.com

Some music provided by Junan from Junan Podcast

Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

Unleashing Your Potential: Breaking Through the Barriers that Hold You Back

Take away: Make the truth the most important thing

Money Learnings:  Growing up in Andrew’s family and at school, most things he learned about money weren't very empowered.

Bio: Andrew Daniel is an award-winning and international bestselling author and director at the Center for Cinesomatic Development. His Cinesomatics® workshops are held internationally from New York to London, Tuscany to Switzerland—helping professionals see the elusive patterns that hold them back. This methodology leads the world in cinematic movement diagnostics and advanced intuition development integrating approaches from embodiment, shadow work, therapy, and spirituality.

His book, Awaken to Your True Self, is a gold Nautilus Book Awards recipient and #1 Amazon bestseller in the US & UK. In his early career, Andrew coded a particle and physics engine by the age of 18⁠, used by top Fortune 100 companies over the 7 years of his software business. His first teaching work, Holistic Sex (Mindvalley, 2014), provided the world with a new paradigm that bridged the divide between sexuality, spirituality, and the sexes. Andrew is also an advisor for the Alan Watts Organization.

Highlights from this episode: 

• Andrew went from being a successful software entrepreneur to being homeless multiple times before finding success through embodiment work
• The importance of body language and how it affects results in various aspects of life
• The effectiveness of somatic psychotherapies and his mission to introduce them to others
• Andrew discussed the need for deeper personal transformation rather than surface-level motivation
• The role of spirituality in personal growth and finding peace

https://andrewdaniel.org/

Richer Soul Life Beyond Money. You got rich, now what? Let’s talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let’s figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It’s about personal freedom!

Thanks for listening!

Show Sponsor: http://profitcomesfirst.com/

Schedule your free no obligation call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes

If you like the show please leave a review on iTunes: http://bit.do/richersoul 

https://www.facebook.com/richersoul

http://richersoul.com/

rocky@richersoul.com 

Some music provided by Junan from Junan Podcast

Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

Take away: Work with the right people

Money Learnings: Brad started working in finance at a young age after a family bankruptcy showed him the importance of understanding money. 

 Bio: Brad Barrett is a Managing Director with One Capital Management. He advises private individuals and families on their personal investment and advanced planning needs. In addition, he oversees the firm's Retirement and Corporate Services practice.  His firm managed nearly $5 Billion dollars for thousands of families across the United States and abroad. Brad is the author of, Retire Right: Secure the Right Path to Your Retirement and hosts two podcasts, Make Your Money Matterand Pension Attention.

Highlights from this episode:

• Why we spend so little time teaching about money
• The tendency to spend more money than we should. 
• Brad admits to not knowing how to handle money and expresses his purpose in his career
• How is the psychology of money different than the behavioral side of money?
• How much does God and spirituality play into money decisions and money behaviors?
• The importance of being a responsible steward of money and distinguishing between wants and needs

https://www.youtube.com/@makeyourmoneymatter

Richer Soul Life Beyond Money. You got rich, now what? Let’s talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let’s figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It’s about personal freedom!

 Thanks for listening!

Show Sponsor: http://profitcomesfirst.com/

Schedule your free no obligation call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes

If you like the show please leave a review on iTunes: http://bit.do/richersoul 

https://www.facebook.com/richersoul

http://richersoul.com/

rocky@richersoul.com

Some music provided by Junan from Junan Podcast

Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.