Episode 74 - The Mindset Behind Money: Insights from 'The Psychology of Money'
Release Date: 06/17/2025
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
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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...
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Episode 92 - The Lonely Side of Wealth: Why Success Can Feel Isolating
Building Wealthy Habits
Wealth often brings freedom — but it can also bring isolation. In this episode of Building Wealthy Habits, hosts Laura and Jeremiah Lee dive into the emotional side of success, exploring why so many accomplished individuals feel alone when it comes to discussing their financial concerns. They share how genuine communication, empathy, and trust can break down those walls — helping clients find clarity, connection, and confidence in their financial journey. Whether you’re a client, advisor, or someone striving for more balance between wealth and well-being, this conversation shines a light...
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Episode 91 - Thinking About Selling Your Business? Watch This First!
Building Wealthy Habits
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Episode 90 - Is your business funding or draining your retirement?
Building Wealthy Habits
As entrepreneurs, it’s easy to stay laser-focused on growing the business — but what about growing you? In this episode, we dive into how business owners can create personal financial freedom while still fueling their company’s success. From reinvestment decisions to tax strategies and wealth diversification, this conversation is packed with insights for anyone looking to build a business and a lasting legacy. We explore: How to know when to reinvest vs. when to take chips off the table Why diversification matters — and how to do it without slowing your momentum Smart tax...
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Episode 89 - The Art of Giving: Strategies for Family and Legacy
Building Wealthy Habits
Most people think gifting is simple: write a check, transfer some stock, done. But here’s the truth—gifting can either save you taxes and strengthen family ties, or create conflict and unexpected tax bills. In this video, we dive into the complexities of gifting in tax planning and family dynamics. You’ll learn how to give meaningfully, avoid pitfalls, and ensure your generosity aligns with your long-term financial goals. What You’ll Learn in This Episode: Why gifting decisions depend on personal circumstances (no cookie-cutter solutions) How the annual gift tax exclusion really...
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Episode 88 - Donor Advised Funds & Smart Giving Strategies for Tax Planning
Building Wealthy Habits
In this episode, Laura and Jeremiah Lee discuss strategic charitable giving and its tax benefits. They explore donor-advised funds, appreciated stock donations, and qualified charitable distributions, offering insights into maximizing tax efficiency while supporting meaningful causes. Takeaways Charitable giving can significantly impact your end-of-year tax liability. Donor-advised funds allow for strategic, tax-efficient charitable contributions. Appreciated stock donations offer a tax-efficient alternative to cash donations. Qualified charitable distributions can reduce taxable...
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Episode 87 - 5 Signs to Know When You're Ready to Hire a Financial Advisor
Building Wealthy Habits
This week, Laura and Jeremiah Lee break down the pivotal life moments when hiring a financial advisor isn’t just smart—it’s essential. From navigating complex financial decisions to building a trusted financial team, they reveal what really sets qualified advisors apart. You’ll learn why personalized guidance matters most during major transitions and how the right advisor can help you cut through confusion, avoid costly mistakes, and move forward with confidence. In This Episode: It's never a one size fits all when hiring a financial advisor. Complexity in financial situations...
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Building Wealthy Habits
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Episode 85 - Spending Habits that Stretch Your Wealth in Retirement
Building Wealthy Habits
Randy, Jeremiah & Laura are coming at you this week to discuss strategies for retiring without running out of money. They explore the importance of aligning financial planning with personal values, addressing common fears about retirement, and the significance of legacy and philanthropy. The conversation emphasizes the need for a well-structured plan that accommodates both essential needs and discretionary spending, allowing retirees to enjoy their freedom and make impactful contributions. In this episode: 00:00:01 Introduction to Retirement Planning 00:00:31 Aligning Money...
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