What does the “American Dream” mean to you? Or if you live in Canada like me, the “Canadian Dream”? Personally, I think it’s something only you can define for yourself, but for me it means living in a country that gives you access, freedom, opportunity, a voice, and the potential to reach heights you never thought possible when it comes to your career, finances, and life in general.
In this podcast episode with Mark Matson, author of Experiencing The American Dream: How to Invest Your Time, Energy, and Money to Create an Extraordinary Life, we discuss this topic in-depth including how the “Dream” is still alive despite what some people may think, how money itself can’t make you happy (so don’t lose sight of what matters), how to create your own purpose, and how to actually realize your the “Dream” by investing strategically for the future.
Timestamps
- 00:00 Introduction
- 02:52 Introduction to the American Dream
- 05:49 Mark Matson’s Journey and Insights
- 08:47 Understanding the Disenchantment with the American Dream
- 11:51 Responsibility vs. Victimhood
- 14:40 The Role of Mindset in Wealth Creation
- 18:01 Overcoming Money Demons
- 21:05 The Importance of Environment and Coaching
- 23:54 Identifying Money Demons
- 27:00 The Misconception of Money and Happiness
- 29:47 Creating Your Own Purpose
- 32:55 Biases in Investing
- 35:47 Avoiding Investment Traps
- 39:04 The Flaws in the Investing Industry
- 41:52 Staying Disciplined in Investing
- 44:45 The Path to Wealth Creation
Takeaways
- The American dream is about freedom and creativity.
- Money does not equate to happiness; mindset is crucial.
- Understanding your own biases is essential for investing.
- Creating a purpose for your money can guide your decisions.
- Investing should be a disciplined process, not a gamble.
- The investing industry often promotes speculation over prudent investing.
- Rebalancing your portfolio is key to long-term success.
- Surrounding yourself with the right people can influence your mindset.
- Identifying and overcoming money demons is vital for financial growth.
- The journey of investing is also a journey of self-discovery.
Things I Mentioned in the Episode
- Grab a copy of Mark’s book Experiencing The American Dream: How to Invest Your Time, Energy, and Money to Create an Extraordinary Life.
- I’m giving away copies of all the books featured in this season of the podcast! To enter, visit jessicamoorhouse.com/contests
- My free resource library, where you can find budget spreadsheets & more!
- Apply to enroll in my investing course Wealth Building Blueprint for Canadians
- Register for the next cohort of my Budgeting Together Accountability Group
- Check out my shop!
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Looking for some financial help? Check out my investing course, budget spreadsheets, accountability group and more on my shop page
Transcript
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