Episode 74 - The Mindset Behind Money: Insights from 'The Psychology of Money'
Release Date: 06/17/2025
Episode 102 - Understanding Semi-Liquid Investments
Building Wealthy Habits
In this episode, Laura and Jeremiah Lee break down semi-liquid investments: What they are, why people buy them, and where investors get surprised. Using a SWOT analysis, they walk through the strengths, weaknesses, opportunities, and threats of investments that can be accessed, but often only with restrictions, delays, or a loss of value. You’ll hear real-world examples like REITs, restricted stock units (RSUs), and the IPO/lockup dynamics that can impact your timeline, taxes, and flexibility. If you’re considering any semi-liquid strategy, this episode will help you evaluate liquidity...
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Episode 101 - Evaluating Alternative Investments During Market Uncertainty
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Episode 100 - Risk Is Everywhere: How To Respond Without Panicking
Building Wealthy Habits
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Episode 99 - Going Beyond the Fiduciary Standard
Building Wealthy Habits
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Building Wealthy Habits
In episode 98 of Building Wealthy Habits, hosts Laura, Randy and Jeremiah discuss the signs that indicate when individuals and business owners have outgrown their financial teams, including their financial advisors, CPAs, and attorneys. They emphasize the importance of recognizing the need for change as financial situations become more complex and the necessity of having proactive advisors who can adapt to these changes. The discussion also covers the importance of ongoing relationships with financial advisors and the need for them to challenge clients and provide new insights as their...
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Episode 97 - Keep the IRS from being your Biggest Beneficiary
Building Wealthy Habits
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Episode 96 - The Weakest Link in Your Estate Plan
Building Wealthy Habits
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Episode 95 - The Conversations You Can't Avoid
Building Wealthy Habits
Around every corner, it feels like the world is more divided than ever. Politics, economics, culture, identity, and even holidays can become battlefields of ideas. In this episode, we step back from the noise and look at division and conflict through a historical lens, exploring how power, money, and narrative shape the relationship between those at the top and the everyday people underneath. In this episode: 🧠 Why it feels like “we’ve never been this divided” and how history tells a more complicated story 🧠 How conflict over ideas has always existed and why it often...
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Episode 94 - The Contrarian Mindset
Building Wealthy Habits
Most people think wealth comes from buying more investments — but sometimes, the smartest move is to sell, hold cash, and wait. In this episode, Randy Barkley, Jeremiah Lee, and Laura Lee reveal why successful investors often take the opposite approach of the crowd. They dive deep into how a contrarian mindset, smart cash management, and deliberate patience can set you apart from the average investor. You’ll learn: 💰 Why “cash is king” — and how liquidity can be your best opportunity engine 🧠 The mindset shift that helps wealthy people stay calm during market chaos 💵...
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Episode 93 - Advanced Tax Strategies for Business Owners
Building Wealthy Habits
In this episode of Building Wealthy Habits, Jeremiah and Laura Lee break down one of the most overlooked areas of wealth strategy — estate planning for business owners. If you own a business or hold significant private assets, passing wealth to the next generation isn’t as simple as naming a beneficiary. Without proper planning, your heirs could face a 40%+ tax hit, especially when your estate exceeds the current $30M exemption threshold. We discuss: Why lifetime shifts of assets are critical for tax efficiency How to think about transitioning ownership of private companies The difference...
info_outlineIn this episode, we explore the deep connection between mindset and money through the lens of Morgan Housel's best-selling book The Psychology of Money. This conversation unpacks the emotional and psychological forces that drive financial behavior and long-term wealth building.
We discuss why wealth isn’t always visible, how compounding works best with time and patience, and why understanding your personal definition of “enough” can be the key to lasting financial freedom. Whether you're an investor, financial professional, or someone seeking more intentionality with your money, this episode offers timeless principles and practical mindset shifts.
💡 Key Takeaways:
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Understanding the psychology behind money is essential for smart investing
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True wealth is what you don’t see—it’s savings, not spending
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Compounding requires patience and a long-term view
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Clarity around what “enough” means is a shortcut to financial independence
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Your financial mindset is shaped by your background and experiences
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Scarcity thinking limits potential; an abundance mindset fuels growth
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Investing should align with your personal values and long-term purpose
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Contentment and ambition can (and should) coexist in your financial life
📚 Resources Mentioned:
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The Psychology of Money by Morgan Housel
Reach out at contact@tricordadvisors.com
Connect with Jeremiah:
LinkedIn: https://www.linkedin.com/in/jeremiahjlee/
Email: Jeremiah@tricordadvisors.com
Connect with Laura:
LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/
Email: Laura@tricordadv.com
Connect with Randy:
LinkedIn: https://www.linkedin.com/in/rkbarkley/
Email: Randy@tricordadv.com