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
Richer Soul, Living A Life on Purpose!
You Hit Every Goal. So, Why Does It Feel Empty? What happens when you build everything you were told to want and still feel empty? Jim Sabellico found out the hard way. In this episode of Richer Soul, Jim sits down with Rocky Lalvani to share the raw, honest story behind his No Half Cakes philosophy and why he believes most high achievers are winning at the wrong game entirely. In This Episode: Jim shares the moment that cracked everything open: coming home at 8:45 at night on his son's sixth birthday to find a half-eaten cake on the...
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You're Not in Charge: What Ayahuasca Teaches High Achievers You have done the work. Built the business. Hit the goals. So why does something still feel off? For high achievers and entrepreneurs, the hardest realization is not that something is broken. It is that the very skill that built everything, your need to control, might be the thing standing between you and what you are actually searching for. In this episode, Rocky sits down with Yasha Shah, founder of Mahadevi Ayahuasca Retreat in Colombia, to explore why so many driven, successful...
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The Armor That Made You Successful Is Holding You Back You hit the goals. You climbed the ranks. You built the resilience, the discipline, the thick skin. But somewhere along the way, you stopped asking whether the version of you that got here is the version that will get you where you actually want to go. This episode is for the high achiever who suspects the armor they are wearing has quietly become the thing limiting their next chapter. Rocky Lalvani sits down with Victoria Pelletier, a woman who went from a childhood marked by abuse and poverty to...
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Define Success or Chase It Forever Success feels endless until you define it. In this episode, Rocky sits down with Mitch Matthews, success coach and creator of the top 1% podcast Dream Think Do, to explore why high-achieving leaders and entrepreneurs struggle to articulate their dreams and how to build a business that actually fulfills you. Mitch shares the unlikely lessons from his 13-year-old self working at a bike shop in Iowa to his current work with organizations like Nike, NASA, and Disney. If you've hit your revenue goals but still feel empty,...
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The 7 Steps to Align Purpose with Profession Finding Your Vocation At 33, Florian Kemmerich was running a major healthcare corporation with all the external markers of success. Yet in a therapy session, his inner child delivered a brutal truth: "What you do makes no sense." That moment launched him on a 25-year journey across four continents, mobilizing nearly $1B in impact capital, and creating a structured methodology called "vocating" to help people align their purpose with their profession. In this episode, Rocky and Florian explore...
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The New Rules of Prosperity: Thriving in a Disruptive Economy From Prison to Prosperity: How Mental Programming Shapes Your Financial Destiny Randy Gage, Speaker Hall of Famer and bestselling author known as The Entrepreneur Whisperer, sits down with Rocky Lalvani to discuss his remarkable journey from a jail cell at 15 to becoming a multi-millionaire entrepreneur. More importantly, Randy reveals the mental programming and "mind viruses" that have been sabotaging your financial success since childhood, and how to deliberately reprogram your beliefs...
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From Trauma to Triumph: How to Heal Cancer & Anxiety Using Gut Health & Nervous System Reset Dr. Jen Hewson wasn't always a doctor of natural medicine. She was a high-functioning education administrator making six figures, looking fit on the outside, and falling apart on the inside. At 43, a cancer diagnosis became her wake-up call to stop pushing through and start listening. In this conversation with Rocky Lalvani, Dr. Hewson shares how healing your body, regulating your nervous system, and reconnecting with something bigger than yourself can transform not just your...
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The Entrepreneur's Anxiety Problem: Why Money Won't Fix Your Broken Heart with Justin Breen Why Money Won't Fix Your Broken Heart Justin Breen has built successful companies, achieved financial success, and reached the pinnacle of what society tells us to chase. Then he walked away from it all. Why? Because he realized money won't fix a broken heart, and scaling your business without healing first might actually be making things worse. In this conversation, Justin challenges everything we've been taught about success,...
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Stop Doing Everything Yourself: How AI and the 10-80-10 Rule Free Business Owners to Scale "What if the secret to scaling your business isn't working harder, but systematizing smarter and leading with more humanity? Today's guest has spent over 30 years doing exactly that, launching, building, buying, and selling businesses, raising more than $35 million in venture capital, leading organizations that generated billions in sales, and learning just as much from his failures as his wins. He's a finalist for the Ernst & Young Technology...
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The Happiness Warrior: Build a Healthier Relationship With Money, Mindset & Movement Are you “The Happiness Warrior”? In this episode of Rich Your Soul, Rocky Lalvani sits down with Eric North, entrepreneur, longevity clinic owner, and the self-described “Happiness Warrior” for a grounded, energizing conversation about what it really takes to build a life that feels rich from the inside out. They talk about how Eric’s early exposure to entrepreneurship shaped his views on responsibility, what he learned about people’s real financial habits while working in real...
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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Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.