Chief Change Officer

#367 Michael Sakraida: Money, Media, and the Myths That Keep Us Stuck—Part Two


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In today’s world, financial advice is everywhere—but rarely helpful.

In Part Two, Michael Sakraida continues dismantling outdated ideas about wealth, offering a fresh framework that centers emotional intelligence and personal values. He explains why legacy isn’t just about what you leave behind, but how you live today. From the limits of “aggressive investor” labels to the chaos of unregulated financial influencers, Michael unpacks the hidden damage done by bad advice—and what real financial coaching should look like.

This episode is a must-listen if you’re tired of one-size-fits-all strategies and ready to treat your money like an extension of who you are, not just a number on a screen.

Key Highlights of Our Interview:

Redefining Financial Independence

“Real financial freedom is when you can work for joy—not for a paycheck. It’s about building a life and a legacy, not just hitting a number.”

Why Risk Tolerance Tests Don’t Work

“You can’t reduce human emotion to a 10-question quiz. And when fear hits, those ‘aggressive’ investors often panic first.”

The Emotional Blind Spot in Wealth Planning

“Advisors must ask three things: Where did your money come from? What do you want it to mean? And what’s your experience with Wall Street?”

From Bull Market Bravado to Bear Market Breakdown

“Long bull runs create fake confidence. The minute the market drops, people flip—and advisors are caught off guard.”

Why Financial Influencers Should Be Regulated (or Shut Down)

“If licensed advisors need approval for every email, why can anyone post financial advice to millions on TikTok without oversight?”

The Financial Media Smut Club

“Some writers don’t even understand what they’re publishing. They confuse inflation with inflation rate—and no one catches it.”

Investing Isn’t a DIY Project When Emotions Are Involved

“This isn’t like assembling IKEA furniture. When fear and greed show up, it’s not about logic—it’s about who you are.”

Money as a Mirror

“The more your investments reflect your values, the less likely you’ll get spooked by the market. That’s the power of alignment.”

Why He Wrote Money, Balance and Joy

“People don’t need another retirement calculator. They need a language for their emotions—and a way forward that actually fits who they are.”

_____________________

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Host: Vince Chan | Guest: Michael Sakraida

 

--Chief Change Officer--
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Chief Change OfficerBy Vince Chan

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