Mining Minds sit down to tackle a topic that's often considered taboo in the mining community: finances. From making good money at the mine to spending it just as fast, the crew opens up about personal struggles, lessons learned, and strategies for building financial stability.
They dive into everything from impulse spending and "keeping up with the Joneses" to debt snowballs, budgeting with cash, planning for retirement, and even teaching kids about money. The conversation also touches on the reality of living through economic downturns, the psychology of money management, and how miners can use overtime and bonuses as tools rather than lifelines.
Honest, unfiltered, and relatable, this episode sheds light on the challenges many miners face with money—and how shifting habits can lead to long-term success both on and off the mine site.
Brass in at miningmindsllc.com
Chapters:
00:32 Why Talk About Finances?
04:12 Spending Habits in Mining Communities
06:07 Psychology of Money & Cash vs. Cards
09:31 Lessons from the 2008 Crash
14:01 Goal-Setting & Retirement Planning
15:24 Debt Snowball & Financial Behaviors
18:39 Overtime, Salaries & Work-Life Balance
24:03 Childhood Lessons & Parenting with Money
32:09 Value, Priorities & Teaching Kids
44:12 Financial Education & Company Resources
53:58 Breaking the Stigma Around Talking Money
55:19 Gambling, Habits & Nevada Culture
