Modern Wealth Management - Episode 13 (The Seduction of Pessimism)

Modern Wealth Management

Jun 3 2022 • 33 mins


Optimism is typically the best bet for most people because their lives tend to get better, for most people, most of the time. But pessimism seems to hold a special place within our hearts because it sounds smarter and it's more intellectually captivating. On the latest installment of Modern Wealth Management, Darrick sits down to discuss the differences between these two concepts and how they've crept not only into our personal lives, but our financial lives as well. Listen, as we explore the fickle friend that is pessimism and how it's playing a role in our financial decision making these days. This episode is packed with beneficial information and takeaways that you don't want to miss. Enjoy! Timecodes: 0:06 - Introduction and overview on the topic of the day 1:25 - "The Psychology of Money" by Morgan Housel 2:30 - How pessimism creeps into our lives 11:58 - Where pessimism comes into play within our financial well-being 15:07 - How education and qualification can play a role within optimistic and pessimistic mindsets 19:00 - Pessimism examines present trends without factoring in the future 26:12 - Stephen Hawking's rationale on why we become so pessimistic 30:37 - How you can get in touch with Darrick and his team to take advantage of optimistic wealth planning 32:09 - Closing remarks Connect with Darrick and Ray: https://mononwealth.com/ (Website) https://www.facebook.com/mononwealth (Facebook) https://www.linkedin.com/company/monon-wealth-management/about/ (LinkedIn)