Bob Wheeler helps listeners conquer their money shame and avoid making poor financial decisions by teaching how emotions can dictate our choices.
As a man of true integrity with infectious energy, Bob’s crusade for personal growth has cross-pollinated with his accounting practice to create a new approach to personal finances. His passion is to help others gain insights into how their emotions trigger financial decisions. Combining finances with behaviors, Bob explores his personal concept of creating a healthy relationship with money in his recent book, The Money Nerve.
https://youtu.be/R-Yi2FM9FkM
00:30 - Introduction
09:15 - I think a lot of us also make decisions when we're five and six years old. Something happens when we're a kid and all of a sudden, we're like, oh, this is a decision I'm going to make for life without really all the facts. This five-year-old probably shouldn't be making life decisions. But a lot of us, as we get older are still operating from the five or six-year-old thinking that was the truth instead of just a story we created.
18:55 - I was fortunate. My brother in law when I was younger, said, look, investing is great. But any money you put in there, it's gambling. So only put in the amount of money that you're willing to lose and call it a day.
21:00 - A great book, Rich Dad Poor Dad, talks really great stuff. Very good guy, a great book, all of that stuff. But at least if you're gambling, it's something that you are willing to take the risk and it's something you enjoy feels a lot better than just something like oh, I hope it works out.
32:45 - I like talking about those simple things. This is something that happened to me a year ago. I mean, I'm sort of outing myself, but I was at a conference, and a workshop about social justice, equality, and privilege. I'm fortunate enough that I have a housekeeper because that's one of the things that I like having is clean sheets and all that stuff. So I'm sitting at the workshop and I noticed that my socks are mismatched. Okay, now, I always think people that have mismatched socks are really cool, but I don't do that on purpose. So right, a lot of people do it, but I'm not gonna count and so I'm not gonna take that risk and so living on the edge. Now, mind you, one sock was dark gray, and the other one was mildly dark. So nobody but me knew that my socks were mismatched and for about four seconds I was outraged that my housekeeper would mismatch my socks until I realized what an asshole I was being.
40:00 - It's so interesting that you asked about the keyword of Nerve in my branding because one of the things that I find when I do workshops, live workshops with people is everybody wants to be rich. Me, me, me, me, I want to be rich. Cool, 10-minutes later, I ask what do you think about rich people? Rich people suck, they're assholes, they're jerks. Yeah,...