Ep 246 Foolish, How Investors get Worked Up and Worked Over by the System with Gil Baumgarten
Richer Soul, Living A Life on Purpose!
Release Date: 08/21/2021
Ep 504 Why Your Business Won’t Let You Go - Letting Others Take Ownership with Jason Henneberry
Richer Soul, Living A Life on Purpose!
Why Your Business Won’t Let You Go - Letting Others Take Ownership You have hired good people. You have tried to step back. And yet, every time something important goes sideways, it still lands on your desk. Jason Henneberry says that is not a people problem or a systems problem. It is a dependency problem, and it has a specific structural cause. Jason is the founder of Dependency Design, a senior partner in a national Canadian mortgage brokerage with more than 600 professionals, and the author of "Why Your Business Won't Let You Go," which you can download free at...
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Ep 503 Why Your Best People Want You to Leave Them Alone with Nathan Jamail
Richer Soul, Living A Life on Purpose!
Why Your Best People Want You to Leave Them Alone There is a pattern Nathan Jamail has seen across hundreds of organizations, in every industry, at every level. Ask employees what their professional goal is, and most will eventually tell you: to be so good their boss leaves them alone. That is not apathy. That is a signal about how leadership is being experienced. In this episode, Nathan and Rocky go deep on why coaching cultures fail not because leaders lack intention, but because they spend their attention on exactly the wrong people. In This Episode: Why 90% of employees at...
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Ep 502 Why High Achievers Hit Invisible Ceilings with Paul Salter
Richer Soul, Living A Life on Purpose!
Why High Achievers Hit Invisible Ceilings For five consecutive years, Paul Salter ran a successful coaching business, worked more each year, and landed within $10,000 of the same annual income. The ceiling was real, but it was invisible. It was not his pricing, his marketing, or his effort. It was a belief he had formed as a teenager watching his father fill out a college financial aid form, a belief that said outearning his parents was disrespectful. Once he found it, he was able to move past it. This episode is about how to find the ones you have not found yet. Why this conversation matters...
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Ep 501 The Wealth Nobody Sees: Why Frugal Always Beats Flashy with Earl Yaokasin
Richer Soul, Living A Life on Purpose!
The Wealth Nobody Sees: Why Frugal Always Beats Flashy For years, Earl Yaokasin drove a 20-year-old Honda Civic to his kids' private school and parked it as far from the entrance as possible. He did not want anyone to see the car. The lot was full of Bentleys. He felt the embarrassment. Then he started talking to those families. Most had almost no savings. Some were on scholarship. The image of wealth and the reality of wealth were completely different balance sheets. Earl, who had been eating half a $5 Subway footlong for lunch since his first years in America, was the one with...
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Ep 500 The Changed Mind: From Broken Start to Built Legacy with Jonathan Berryhill
Richer Soul, Living A Life on Purpose!
The Changed Mind: From Broken Start to Built Legacy At 15, Jonathan Berryhill had no stable home. By his late twenties he had a military career, a law enforcement career, a college degree he earned as a walk-on linebacker at 25, three kids, and a marriage he was quietly destroying. The moment he saw what he was doing, he made a phone call that split his life in two. This is not a story about hustle or habits or morning routines. It is a story about what happens when a person decides, with no return clause, to stop being who they have been. In this episode: Why Jonathan...
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Ep 499 The Root Cause Most Doctors Never Look For with Dr. Yi Song
Richer Soul, Living A Life on Purpose!
The Root Cause Most Doctors Never Look For with Dr. Yi Song You have been through the tests. You have the results. You have the prescription. And something still feels unresolved, because the system you went through was built to find what is broken in one place, not to read the whole picture. Dr. Yi Song has practiced at the intersection of traditional Chinese medicine, Western pathology, and regenerative therapy for 25 years. Her argument is not that modern medicine is wrong. It is that it stops too soon, and that the philosophy behind Chinese medicine was already asking the right...
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Ep 498 The Library That Dies With Every Person with Miles Spencer
Richer Soul, Living A Life on Purpose!
The Library That Dies With Every Person with Miles Spencer There is a Kenyan saying that Miles Spencer dropped into the middle of this conversation without warning — the kind that stays with you after the recording ends. When a person passes away, an entire library burns to the ground. If you have ever stood at a funeral wishing you had asked one more question, this episode was made for that moment. Miles Spencer is a three-exit entrepreneur who has caught three technology megatrends in his career: dot-com, mobile, and now AI. But his most personal work is Reflekta.ai, a platform...
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Ep 497 Turn Setbacks Into Wins With Neutral Thinking with Joshua Lifrak
Richer Soul, Living A Life on Purpose!
Turn Setbacks Into Wins With Neutral Thinking Success does not protect you from feeling stuck. In fact, for many high achievers, the pressure to keep performing can bury the deeper questions that actually matter. This conversation with Joshua Lifrak is about what happens when the old way of thinking stops working and you need a more honest framework for resilience, growth, and living with intention. Joshua knows this terrain from both sides. He grew up around financial scarcity, built a career in elite performance, and lived through bankruptcy before rebuilding. Along the way, he worked...
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Ep 496 Why High Achievers Need a Life Operating System with JB Glossinger
Richer Soul, Living A Life on Purpose!
Why High Achievers Need a Life Operating System You can win in business and still feel like you are losing yourself. In this Richer Soul conversation, Rocky Lalvani sits down with JB Glossinger, founder of MorningCoach, to talk about why so many high achievers feel stuck between outward success and inner dissatisfaction. JB shares how his early relationship with money, years of personal development work, and decades of coaching led him to build what he calls a Life Operating System. The goal is not just productivity. It is peace, perspective, and a better way to live. This...
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Ep 495 Why Financial Freedom Fails When Money Loses Value with David Morgan
Richer Soul, Living A Life on Purpose!
Why Financial Freedom Fails When Money Loses Value Why Financial Freedom Fails Without Real Money A lot of high achievers have learned how to earn, save, and build. But what happens when the system underneath that success becomes less stable than it looks? In this episode of Richer Soul, Rocky Lalvani sits down with David Morgan to explore a question that goes far beyond markets: what is money actually supposed to do, and what happens when it stops doing it? David shares the childhood moment that first made him question currency, then walks through the deeper consequences...
info_outlineFoolish, How Investors get Worked Up and Worked Over by the System.
Gil Baumgarten shares the behind-the-scenes of investing and all the ways you may be losing money. As an insider, he opens the curtain and shows up how we stop being foolish with our investments.
Take away: Don't borrow money for a depreciating asset
Action step: A good dose of introspection is good for every investor
Money Learnings: Gil grew up in a situation where his family had some financial difficulties. Learned a lot about money from his wealthy friend’s father who is a prominent orthopedic surgeon.
Bio: Gil Baumgarten, one of the nation’s top financial advisors, is the Founder and President of Segment Wealth Management, an RIA financial advisory firm. Since its inception in 2010, Segment Wealth Management has grown to a top-ten firm in Houston, as recognized by the Houston Business Journal, with over a billion dollars in client assets under advisement. Gil is also a nine-time recipient of the Top 1,200 Financial Advisors distinction and has been ranked among the thirty-five best advisors in Texas by Barron’s.
Distinctions aside, Gil’s affinity for precision and detail reveals itself in his daily life as well. He is an avid outdoorsman, award-winning woodworker, and attentive family man, friend, and colleague.
Highlights from this episode: Link to episode page
- The lessons Gil learned from the book ‘Rich Dad, Poor Dad’
- Things Gil did to teach his kids about money
- Some of the things that going on behind the scenes that people are not aware of that are essentially robbing them of their wealth
- The irrationality of humans with investing
- Gil talks about the current market conditions
- Thoughts on Index funds
Richer Soul Life Beyond Money. You got rich, now what? Let’s talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let’s figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It’s about personal freedom!
Thanks for listening!
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Some music provided by Junan from Junan Podcast
Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.