Wealth Formula Podcast

How our brains have evolved over time is a funny thing. The same things that make us wildly successful in life have the potential to make us miserable.

This is the cruel paradox of the high achieving, high paid professional.

We are strivers and we have very high expectations of ourselves. That’s not a bad thing at all. I would be lying to you if I told you that I am any different.

The problem is that expectations CAN make you miserable.

In fact, some say the key to happiness in life is low expectations! I guess I can see that.

BUT, I am not going to convince you, the high achieving professional, or me to set our expectations lower.

Nor should we–we type A personalities were designed to conquer, to be tribal leaders, to push the limits for the betterment of humanity.

Without people like us…we’d still be in the stone ages:)

But…on the other hand, we must tame the beast within—we must identify that our expectations are dynamic. They constantly change as we continue on our journey through life.

Just because you’ve taken down a 2000 pound buffalo doesn’t mean that the hunt is over. NO! You’re going to move on to the next hunt. That’s the way you role. Those are your expectations.

And that’s ok as long as you don’t confuse expectations with destination.

What’s your destination? Your destination is where you can find fulfillment–holistic wealth as I refer to it.

We type A’s sometimes have a lot of trouble it and some of us could use a helping hand to get there.

Fortunately, there are some out there built to help guide us–to be our sherpa’s towards the pinnacle of wealth–self actualization and happiness.

One such sherpa, is my guest on this week’s Wealth Formula Podcast. Her name is Dr. Colleen Crowley (www.drcolleencrowley.com) and she specializes in helping high achieving, high paid professionals find true happiness.

So, If happiness is important to you, don’t miss this week’s episode of Wealth Episode Podcast.

In 1943, psychologist Abraham Maslow published a paper called “A Theory of Human Motivation.”

In this paper he described, what has come known as, Maslow’s Hierarchy of Needs. Basically its a pyramid structure describing different human motivation drivers.

At the bottom of this pyramid lies physiological needs–food, water, etc. The next level up is safety and security. In other words, you need a roof over your head.

The pyramid continues upwards to its pinnacle, self-actualization–the ability to focus on one’s mission in life. I call this true wealth.

After all, it’s tough to focus on your mission in life when you are trying to put food on the table AND trying to keep your family safe from wild animals and infectious disease.

Trouble finding one’s mission in life is a first world problem.

Now–let’s apply these principles to investing. In tough financial times, where should you focus your investments? Maybe low income housing makes sense? The problem is that low income housing is often very difficult to manage.

I can tell you from personal experience with the first apartment building I ever bought–low income housing usually looks better on paper.

Understand that I am not made to be a slum lord. My father made millions of dollars throughout his life collecting rents with a baseball bat in one hand but I did not get that gene.

Now, if you can find people who are really good operators in this space, there is a lot of money to be made and you can actually do a lot of good for the communities. One of the few operators in the low income housing space that I trust is Mike Ayala. Mike and his colleagues are killing it in the mobile home park space.

So, if you want to learn more about how Maslow Level 2 investing can help your portfolio, make sure to tune in to this week’s episode of Wealth Formula Podcast.