Episode 69: How Money Changes the way you think & feel. An episode about HAVING wealth and BECOMING wealthy

This episode is all about tackling the idea of what wealth really makes us do and feel. 

Many people have a mindset around money, especially when it comes to wealthy people or gaining wealth themselves, that wealthy people are all entitled, greedy and un-empathetic. They avoid pursuing becoming wealthy because they feel that they will become the same thing that they hate about other wealthy people.

Do they really think money is the root of all evil? If they were being honest with themselves, are they judging rich people? Continually look for every reason to prove or reinforce some sort of stereotype they likely already had about rich people?

Here's where things start to get interesting...

A team of psychologist at the University of CA Berkeley rigged a game of Monopoly so that skill, brains, financial shrewdness and luck - the pieces of the game that can create your success or your demise - have been made irrelevant. 

Researchers watch and document every hand gesture, every eye twitch, each statement or exchange between the players, you name it.

Here were the big picture findings:

→ As a person’s wealth increases, their feelings of compassion and empathy go down.

→ As a person’s wealth increases, their feelings of entitledness and self-interest increases.

→ As a person’s wealth increases, they care more about their personal ambitions and success and considered their own personal endeavors to be more important than the interests of those around them

Tune into this episode to hear more of the details of this study but also hear Kelsa's thoughts on the mindset I believe we should all be adopting with this episode.

Links:

Full article:

https://psychology.berkeley.edu/news/how-rich-are-different-poor

PBS Segment of the Study & Findings: https://youtu.be/IuqGrz-Y_Lc

Ted Talk by Study founder: https://youtu.be/bJ8Kq1wucsk

Just Mercy By Bryan Stevenson