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The Rich Mindset You’re Missing (And How To Get It) | Peter Krauth

Living Your Greatness

Release Date: 07/04/2025

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Sign up for my free weekly newsletter.

Welcome to Building Generational Wealth—a podcast series for the everyday person. Whether you’re just starting your financial journey or rewriting your money story, this space is for you. Women and men. Millennials and Boomers. Gen X and Gen Z. Every race, background, and identity. Because financial literacy should be inclusive, accessible, and empowering for all.

We’re facing one of the most financially unstable times in modern history. Debt is soaring, inflation is biting, and wages aren’t keeping pace. Millennials hold just 4.6% of U.S. wealth. Gen Z is stepping into adulthood burdened by debt and locked out of homeownership. Meanwhile, $84 trillion is set to change hands in the largest wealth transfer ever. The question is: Will you be ready to receive, grow, and protect it—or be left behind? This is your moment to rise.

Through honest conversations with leading financial minds, we’ll show you how to build wealth patiently, intentionally, and wisely. It’s not about chasing trends—it’s about creating lasting security. Because if you don’t take care of your money, your money won’t take care of you.

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In this episode, I sit down with seasoned investor and educator Peter Krauth to cut through the noise around money, investing, and financial literacy. We break down the barriers that make finance feel intimidating, showing how anyone (regardless of background or experience) can build lasting wealth with the right mindset, habits, and support.

Peter draws on decades of experience to offer clear, practical guidance on:

  • Developing a patient, research-driven wealth mindset free from hype and shortcuts
  • Mastering foundational financial habits, including why “pay yourself first” is essential
  • Starting small, building confidence, and growing your financial knowledge step-by-step
  • Grasping budgeting, risk, and asset classes without confusing jargon
  • Avoiding common traps like impatience, speculation, and emotional decision-making
  • Recognizing true fiduciaries versus sales-driven advisors - Leveraging the power of your social network to accelerate growth
  • Staying adaptable and curious, because successful investors keep learning Beyond numbers and strategies,

Peter explores the deeper psychological and ethical dimensions of wealth—how integrity, generosity, and emotional intelligence shape not only your finances but your purpose and legacy.

If finance has ever felt overwhelming or confusing, this episode offers a grounded, straightforward roadmap to understanding and taking control.

It’s about making financial education practical and accessible so you can build wealth aligned with your values—and leave a lasting impact.

Tune in to discover how discipline, patience, and community can transform your money mindset and set you on a clear path toward generational wealth.

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Host: Ben Mumme

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Guest: Peter Krauth

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