In this insightful discussion, Mark Matson, founder and CEO of Matson Money and author of "Experiencing the American Dream," delves into the neuroscience of investing. He reveals how our brains can hinder smart financial decisions and tackles the psychological 'money demons' that block abundance. Mark also emphasizes the need to transition from a scarcity to an abundance mindset, and highlights the importance of purpose beyond wealth. With practical strategies to overcome limiting beliefs, he inspires listeners to rethink their relationship with money.
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insights INSIGHT
Scarcity vs. Abundance Mindset
Scarcity mindset, often rooted in language and upbringing, can be a self-imposed limitation.
Shifting to an abundance mindset requires recognizing these "screens" and consciously choosing a new perspective.
question_answer ANECDOTE
Contrasting Mindsets
Mark Matson's grandfather, a coal miner, held a scarcity mindset, viewing wealth as evil and rejecting opportunities for growth.
His father, however, embraced entrepreneurship and believed in creating value, demonstrating a contrasting abundance mindset.
insights INSIGHT
Money Demons
Money demons are limiting beliefs about money that sabotage financial success, often with hidden psychological payoffs.
Recognizing and "killing" these beliefs requires acknowledging the payoffs and actively seeking evidence that contradicts them.
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Published in 1937, 'Think and Grow Rich' is a seminal work in the self-help genre. The book is the result of over twenty years of research by Napoleon Hill, who studied the habits and achievements of more than 500 successful individuals, including Andrew Carnegie, Thomas Edison, and Henry Ford. Hill distills their wisdom into thirteen principles that, when practiced with persistence and faith, can transform dreams into reality. These principles include the power of desire, faith, specialized knowledge, organized planning, and the role of the subconscious mind. The book emphasizes the importance of maintaining a positive mental attitude, setting clear and specific goals, and taking consistent action to achieve success. It also explores the concept of the 'Master Mind' alliance and the need to overcome fears and doubts to achieve one's objectives.
Experiencing the American Dream
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In this book, Arthur B. Laffer and Mark Matson provide practical advice on investing time, energy, and money to create a fulfilling and successful life. The authors draw on their expertise in economics and financial planning to offer strategies for achieving the American Dream, emphasizing the importance of smart investment and effective resource allocation.
Easy Money
Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud
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In this episode, I sit down with Mark Matson, founder and CEO of Matson Money and author of "Experiencing the American Dream." Mark shares his decades of research on the neuroscience of investing and how our brains are NOT wired for smart financial decisions. We dive deep into the psychological "screens" and "money demons" that hold us back from abundant, wealthy lifestyles and living our dreams. Mark offers a refreshing perspective on how to approach investing using science and data rather than emotions. Whether you're just starting out or looking to take your finances to the next level, this conversation will change how you think about money and the American Dream.
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