The Mindful Wealth Podcast

As season 2 of The Mindful Wealth Podcast comes to a close, we’ll break down each of the major topics that were raised by our respected guests. What did we learn from them? What is our big “Aha!” moment? How did these topics broaden our thinking and shift our perspective?

You won't want to miss this two-part episode as we look back and reflect on these revolutionary and thought-provoking topics that will lead you on the path of discovering what "True Wealth" truly means as we wrap up the second season.

Enjoy listening! 

 

What we learned from Jonathan DeYoe and Terrie Schauer in this episode:

- A quick look at the season's 2 highlights.
- Jonathan and Terrie’s major “Aha!” moments. 
- How season 2 seasoned their thinking and broadened their perspective about true wealth.
- Some of the major topics raised by guests made a significant impact. 

 

Success Quotes:

 

“We need to have respect for the equilibrium that we have built so delicately over the last 200 years.” -Terrie

“We go forward with as much information as we can gather, and we go forward learning new things, and then we make some decisions.” -Jonathan 

 

Timestamp:

 

00:00 - Intro

00:50 - Jonathan shared a quick recap of the season's 2 highlights.

02:57 - Here is Terrie's first takeaway from this season.

05:30 - Terrie talks about the episode with Reagan about social division. 

06:53 - The next “Aha!” moment for Terrie. 

08:46 - Jonathan and Terrie talk about their “Aha!” moments. 

13:50 - What does it mean if you are on the losing end of the post industrial economy?

15:23 - Terrie looks back on her final “Aha!” moments from this season. 

18:33  - Jonathan talks about his major “Aha!” moment — the episode with Robert Frank. 

22:20 - Terrie and Jonathan talk about the topic raised by Efosa Ojomo. 

26:21 - Jonathan’s concluding words to wrap the end of season 2. 

26:55 - Terrie’s concluding words to wrap the end of season 2. 

28:53 - Outro

 

Connect with Us:

 

Jonathan DeYoe - Money Philosopher  - LinkedIn

Terrie Schauer, PhD - Author of Mindful Landlord  - LinkedIn 

Here is the second episode where we continue the discussion with Aaron Hedges and Paul Knowlton on how we can achieve the idea that is thought “unachievable” in our current capitalist society. 

Throughout the episode, they will go beyond the tip of the iceberg and go into depth about ideas and actions we can execute in order to take care of this seemingly impenetrable problem of capitalism and walk to the path of “true wealth”.

Enjoy listening! 

What we learned from Aaron Hedges and Paul Knowlton in this episode:

 

• The Litmus Test that the book “Better Capitalism” offers. 
• The Four different economic arenas — How can “Better Capitalism” be achieved? 
• How can you achieve your personal wealth, personal advancement, and ambitions through partnership economics? 
• The Prisoner's Dilemma in capitalism. 
• How can we achieve mutual partnership in big corporations? 
• What is a sovereign wealth fund? 

Success Quotes:

 

"I think we're all trapped, whether we recognize it or not, we're all trapped in this system.” - Paul Knowlton

 

“Hopefully, both people are transparent enough that we can have that open dialogue about needs and interests and how we can mutually benefit each other.” - Paul Knowlton

 

“Find the value that's there and bring others along with you.“ - Aaron Hedges

Timestamp:

 

00:00 - Intro

01:55 - Paul tells a story that marked the turning point in his life.

06:59 - Aaron and Paul describe the basic principles of partnership economics.

14:42 - Aaron and Paul deep dive into how everyone can benefit through partnership economics. 

22:08 - Aaron and Paul discuss how the prisoner's dilemma can be resolved for everyone through mutual partnership. 

31:03 - Aaron and Paul elaborate on how big corporations can drive away from the concept of “Capitalist Society”. 

36:38 - Paul talks about the feedback that they’re receiving from their book.

38:19 - What does the sovereign wealth fund concept entail?  

41:39 - Aaron and Paul did a little touch base about the basic income. 

 

About the Guests:

Paul Knowlton, JD, MDiv, Engineer. Lawyer. Entrepreneur. Theologian. 

 

He is also the co-author of the business ethics book Better Capitalism (May 2021; Wipf and Stock) and invites you to visit the www.PartnershipEconomics.com website for more information. 

 

Aaron Hedges

CEO of Inheritance of Hope | Co-Author of Better Capitalism | Entrepreneu

Connect with Aaron Hedges here: 

LinkedIn: https://www.linkedin.com/in/aaronernesthedges/ 

Website: https://inheritanceofhope.org/ 

Website: https://www.partnershipeconomics.com/ 

 

Connect with Paul Knowlton here: 

LinkedIn: https://www.linkedin.com/in/peknowlton/ 

Website: https://www.ubercounsel.com/ 

 

Connect with Us:

 

Jonathan DeYoe - Money Philosopher LinkedIn: https://www.linkedin.com/in/jonathandeyoe/ 

Terrie Schauer, PhD - Author of Mindful Landlord LinkedIn: https://www.linkedin.com/in/terrieschauer/?originalSubdomain=ca 

What Does “Better Capitalism” look like? With Aaron Hedges and Paul Knowlton 1/2 The authors of the book "Better Capitalism", Aaron Hedges and Paul Knowlton, suggest that true wealth should be achieved by providing equal opportunities for one and all, without resorting to a system where an individual's success depends on the poverty of another.  Through this challenge in seeking a fair society without exploitation of a capitalist society, Aaron and Paul will boldly layout the things that we can do in order to achieve this triumph.  It's a two-part episode so don't miss out! Enjoy listening!

Part II with Robert H Frank, Find Part I here. 

This episode focuses one of his central arguments: that growing wealth disparities are basically inefficient and lead to an arms-race of socially useless spending. In his book, The Darwin Economy, Robert H Frank argues that wealth increases of the middle classes have – since the 70s – basically fueled an arms race for bigger houses, school fees, and conspicuous consumption on consumer goods.

In this episode we interview Robert H. Frank, Professor emeritus of Management and Professor emeritus of Economics at Cornell's Johnson Graduate School of Management. For more than a decade, his "Economic View" column appeared monthly in The New York Times.

Part II with Guy Standing.

His 30 Years in the UN led him to a perspective in response to the neo-liberalism that started with Thatcher and Reagan in the late 70s. It was a time of real change in the field of economics from Keynesianism to neo-liberalism. 

The ideology favored free-markets over institutions, social liberalism, and redistribution.

Neo-Liberalism is not about de-regulation. It is about Rentier - Capitalism.

His 30 Years in the UN led him to a perspective in response to the neo-liberalism that started with Thatcher and Reagan in the late 70s. It was a time of real change in the field of economics from Keynesianism to neo-liberalism. 

The ideology favored free-markets over institutions, social liberalism, and redistribution.

Neo-Liberalism is not about de-regulation. It is about Rentier - Capitalism.

We are here today with Teva Sienicki, who is a TEDx speaker. She is the Co-Chair of Blueprint End Hunger and CEO of Metro Caring. In her TEDx speech Teva Sienicki talks that to end poverty once and for all, we need to root out its root causes, not just alleviate its manifestations.

Efosa Ojomo and Jacob Fohtung are associates at the Christensen Institute. They have a very simple goal. Let’s stop managing poverty and start stimulating prosperity.

For Efosa, True Wealth is when an individual is content physically, economically, spiritually, emotionally, and socially… the spiritual component is key.

Jacob admits this is a developing reality for him. Before he joined the institute, his definition of success was more indexed to financial success. A typical MBA graduate and the mantra is that how much money you make defines your identity in some way.

Our guest, Rajen , is a client partner with KornFerry. He works with clients on issues of leadership and impact. Today we talk about billionaire in terms of dollars, but what if we changed the focus to moments and experiences. How would our lives change if we were focused on becoming a “Billionaire of moments.”