#230 Michael Sakraida: Change Your Money Mindset, Change Your Life – Part Two

Michael Sakraida isn’t here to tell you to cut lattes or max out your 401(k)—he’s here to flip the script on wealth and happiness. In Money, Balance and Joy , he argues that real financial success isn’t just about money—it’s about balancing cash, time, and social wealth. Along the way, he takes jabs at Wall Street, risk tolerance surveys, and what he calls the “Financial Media Smut Club.” If you’re tired of boring money advice, this episode delivers hard truths with a side of humor. Part Two. Key Highlights of Our Interview: Financial Independence: More Than Just a Paycheck—It’s About Legacy “True financial independence isn’t about working for money; it’s about working for joy. And when you’re gone, it’s the legacy—both financial and non-financial—that really counts.” When ‘Aggressive’ Turns ‘Anxious’: The Flawed World of Risk Tolerance Tests “Advisors tick the ‘aggressive’ box, but when the market drops, those same clients can flip out. The problem? Risk tolerance tests don’t dig into the emotional reality behind investing. They aren’t built to handle the emotional rollercoaster of real-life investing.” Financial Media Smut Club: Why Most Advice Misses the Mark “Too many financial articles focus on clickbait rather than offering real, actionable insights. The problem? Writers often don’t understand what they’re talking about.” The Problem with Financial Influencers: Why They Should Be Regulated or Shut Down “If financial advisors need compliance approval for every email, why do these so-called financial influencers get a free pass to spread advice with zero oversight?” Financial Advisors: If You’re Not Asking These Three Questions, You’re Doing It Wrong “Before any numbers come into play, financial advisors should be addressing the emotions tied to wealth: how you got it, what you want to do with it, and your past experiences with Wall Street.” _____________________ Connect with us: Host: Vince Chan | Guest: Michael Sakraida ______________________ --Chief Change Officer-- Change Ambitiously. Outgrow Yourself. Open a World of Expansive Human Intelligence for Transformation Gurus, Black Sheep, Unsung Visionaries & Bold Hearts. 10 Million+ All-Time Downloads. Reaching 80+ Countries Daily. Global Top 3% Podcast. Top 10 US Business. Top 1 US Careers. >>>130,000+ are outgrowing. Act Today.<<< --Chief Change Officer-- Change Ambitiously. Outgrow Yourself. Open a World of Expansive Human Intelligence for Transformation Gurus, Black Sheep, Unsung Visionaries & Bold Hearts. EdTech Leadership Awards 2025 Finalist. 20 Million+ All-Time Downloads. 80+ Countries Reached Daily. Global Top 1% Podcast. Top 5 US Business. Top 1 US Careers. >>>180,000+ are outgrowing. Act Today.<<<