Bread Fables: Challenging Common Money Beliefs

Key Takeaways:

  1. Money is not the key to happiness; true happiness comes from within.

  2. The amount of money we have does not determine our level of stress; it depends on our emotional state and perspective.

  3. Money cannot buy true love or happiness; these things come from within and cannot be purchased.

  4. The love of money, not money itself, is the root of all evil; our perspective towards money is what matters. 

Chapters:

Timestamp Summary

[0:00:37] Introduction to the episode and the $500 investment plan

[0:01:48] Introduction to the series on common beliefs about money

[0:03:24] Money is not the key to happiness

[0:04:47] More money does not mean less stress

[0:07:04] Money can’t buy true love or happiness

[0:09:56] Money should be made with ease and relaxation

[0:12:18] Money should not be the basis of love or happiness

[0:13:58] Treat people with money as individuals, not just their wealth

[0:14:39] Love of money is the root of all evil

[0:15:20] Love means removal of judgment, acceptance, appreciation

[0:16:09] Money as the foundation of well-being is ephemeral

[0:17:13] Perspective on money determines if it is evil or not

[0:17:49] Having a healthy perspective of money leads to peace

 

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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

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