The Behavioral Wealth Podcast: Recent Episodes
Dr. Dan Pallesen
The Behavioral Wealth podcast with Dr. Dan is a discussion of the behaviors that people use to tap into their ability to achieve wealth, health and happiness. Dr. Dan is a financial psychologist and he is passionate about helping others live their best lives. He is a licensed clinical psychologist and financial advisor whose focus is in the field of Positive Psychology and Behavioral Finance. Dr. Dan’s approach with people is to focus on strengths and bring clarity to the issues of purpose and meaning in their lives. He has worked in many settings including counseling centers, private practice, military clinics, and even federal prisons. Dr. Dan currently serves as the Chief of Investor Behavior at Keystone Wealth Partners.
Dr. Dan reflects on the war in Ukraine and the impact of past geopolitical events on the market.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan sits down with his colleague, Chad Fletcher to discuss his background in finance. Chad was initially an insurance salesman who eventually became a financial planner and he discusses some of the differences between those roles. Finally, Chad and Dr. Dan nerd out on the game of golf and the parallels that can be drawn to finance.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
As with any year, 2022 will have its unexpected events that will impact your investments. But there are also a few things that we can expect. Dr. Dan discusses both the unexpected and expected as we head into 2022.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan kicks off the new year discussing New Year's Resolutions and how to best maintain them. He offers 3 simple strategies to follow in order to make sure those resolutions stick:
"SWOT" Analysis - S: Strengths - W: Weaknesses - O: Opportunities - T: Threats
"WOOP" Method (www.woopmylife.org) - W: Wish - O: Outcome - O: Opportunity - P: Plan
"SMART" Goals - S: Specific - M: Measurable - A: Attainable - R: Relevant - T: Time-Oriented
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
In the final episode of the year, Dr. Dan hands out the Money Script Awards. A runner-up and winner for each of the four Money Scripts are identified.
Money Scripts Review: - Money Avoidance - Money Vigilance - Money Worship - Money Status
For more information on Money Scripts: https://s3.amazonaws.com/kajabi-storefronts-production/sites/88071/themes/1463604/downloads/fkKzwXp4TnikniUdVLl8_How_clients_money_scripts_predict_their_financial_behaviors-_Journal_of_Financial_Planning-_2012.pdf
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan dives into the exciting world of insurance and risk management. Did you know there are different types of risk? Not all risk needs to be insured. Join Dr. Dan to learn how to begin identifying and managing the risk in your life.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan gets into the psychology of color, specifically red and green and shares a story of an individual who lost out because he saw red.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan vents some of his concerns with tapping into your retirement account to pay off debt and offers some practical steps to pay off debt while preserving the retirement account. He also talks about the place a well-established Emergency Fund fits within your broader portfolio.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
The Roth conversion can be a great mechanism to maximize value in your retirement portfolio. Dr. Dan discusses 5 common misconceptions or Myths that he encounters around Roth conversions.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan explores the concept of homeostasis as it relates to our money. He offers some questions/topics to discuss with your partner to help bring financial equilibrium into our lives.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, Instagram, and LinkedIn.
Dr. Dan offers his musings on Zillow and why it may make sense to NOT pay off your home. He also reviews the five categories that make up your credit score.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan sits back down with Charlie Bresler to dig deeper into the psychology of giving. They explore the 5 identified obstacles to giving from Peter Singer's The Life You Can Save and how we can be better givers.
Book (Free Download): The Life You Can Save https://www.thelifeyoucansave.org/the-book/
1) Identifiable Victim: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0100115
Deborah Small's research: https://www.researchgate.net/scientific-contributions/Deborah-A-Small-10359157
2) Parochialism: Josh Green - Moral Tribes: https://smile.amazon.com/Moral-Tribes-Joshua-Greene-audiobook/dp/B00GBE63LE/ref=sr_1_1?dchild=1&keywords=josh+green+moral+tribes&qid=1635536870&qsid=136-9272934-3212110&sr=8-1&sres=0143126059%2CB0182PTKOG%2CB08SQR47YZ%2CB00U26V4VQ%2C0975277324%2CB07SVNZXY4%2CB001SN8GF4%2CB084P2W6JY%2CB077MZ2MPW%2CB01JKD4HYC%2CB0778TY7XP%2CB07QQHTD4Q%2CB003HC9734%2CB018GRSLK4%2CB00MRT65EC%2CB01ALHAEWA&srpt=ABIS_BOOK
3) Futility: https://www.researchgate.net/publication/227004861_Insensitivity_to_the_Value_of_Human_Life_A_Study_of_Psychophysical_Numbing
4) Diffusion of Responsibility: https://www.simplypsychology.org/Kitty-Genovese.html
Peter Singer's TED Talk: https://www.youtube.com/watch?v=Diuv3XZQXyc
5) Sense of Fairness
The Life You Can Save - Best Charities: https://www.thelifeyoucansave.org/best-charities/
Dr. Dan sits down with Charlie Bresler. Charlie is a psychologist and the former president of The Men's Wearhouse. He is the Co-Founder with Peter Singer of The Life You Can Save and he currently serves as a board member. Charlie offers wonderful insights into pursuing professional success, and even more importantly, how to step off the hedonic treadmill.
Check out The Life You Can Save: https://www.thelifeyoucansave.org
Connect with Charlie directly: charlie@thelifeyoucansave.org
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Time is one of our most precious and limited resources. Dr. Dan discusses some of his own realizations of how important time is and how we can spend our money in ways to give the gift of time to others and to ourselves.
Charity Water: https://www.charitywater.org
Harvard Business Review article: https://hbr.org/2020/09/does-more-money-really-makes-us-more-happy
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
This is the final episode in what has become a series of what to do when you are starting to save for your retirement. Dr. Dan spends time focusing on the Roth account and why it can be a crucial part of your financial success.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan goes through a typical savings strategy. Where should you save your first dollars every year? What about the later dollars? The right progression of saving is very important.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
If last week's episode was about what not to do in your 20's, this week was all about what to do right. Dr. Dan interviews his little sister, Linnea Pallesen. Linnea is a great example of how to create financial discipline at an early age.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan gets extremely vulnerable in this week's episode. He warns of the dangers and ultimate impact on your financial life by making several mistakes early on. Don't lose out on hundreds of thousands of dollars. Don't be like Dr. Dan.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan identifies five types of difficult decisions and offers three practical steps to make better choices that align with our pursuit of wealth, health, and happiness.
Thaler and Sustein's classic "Nudge" is referenced throughout the episode. This is a must-have for your home library: https://www.amazon.com/Nudge-Improving-Decisions-Health-Happiness/dp/014311526X
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
In this week's episode, Dr. Dan discusses the effects of the COVID-19 pandemic on mental health. Specifically, what impact does prolonged isolation have on our well-being. He references the ground breaking but controversial research by Harry Harlow and monkeys in helping us to understand our need for connection.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan gets back to the basics of financial planning. No matter your age, you need a starting point when it comes to getting your financial life together and Dr. Dan offers some practical first steps.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan gives a family update as well as tips to help a child who is showing behavioral regression. Then he dives into behavioral regression and money.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan expresses his gratitude for the wisdom and experience on his advisory team and talks about the danger of jumping to conclusions when it comes to making decisions around money.
Check out the top-notch financial blog by Kenny Gatliff, CFA referenced in the episode: https://on-themoney.com/2021/05/06/elections-and-the-market-6-months-later/
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan returns to one of his favorite Buddhist teachings this week on the podcast as he discusses the conflicting parts within each of us. Learn how to start working with (rather than against) your powerful subconscious mind.
For more insight into the teachings Dr. Dan references in this week's episode, check out The Happiness Hypothesis by Jonathan Haidt: https://www.happinesshypothesis.com
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan diagnoses his dog this week on the podcast and discusses "Learned Helplessness."
The absolute best resource on "Learned Helplessness" is the following book by Martin Seligman: https://www.amazon.com/Learned-Optimism-Change-Your-Mind/dp/1400078393
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan sits down with Aysha Barber and Sabrina Greene of Intent2Heal. These two inspiring women share about their experiences in the Navy and how they quickly found themselves facilitating groups on an inpatient Psych Ward unit. They have since started a coaching business: Intent2Heal. And even though their personalities are polar opposites, they have found ways to compliment each other and bring out the others' strengths.
Check out their work at www.intent2heal.com
Connect with Aysha and Sabrina on Instagram at i2heal.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan discusses one of the more adorable studies ever conducted: The Stanford Marshmallow Test. This study was monumental in the area of delayed gratification. Then comparisons are drawn to a real life decision that Dr. Dan needed to make.
Stanford Marshmallow Test: https://bingschool.stanford.edu/news/bing-marshmallow-studies-50-years-continuing-research
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
This week Dr. Dan discusses the dangers of labeling the people in our lives in a negative way and what can be used to combat the temptation to label.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan shares the "wrong" question that he commonly hears from investors. Then he offers 3 better questions to be asking your financial advisor.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan discusses Abraham Maslow's Hierarchy of Needs: https://www.simplypsychology.org/maslow.html#gsc.tab=0
It's a flashback to your Psychology 101 class. But how can money help to meet your needs? Can money even get in the way of meeting some needs? Check out this solo episode with Dr. Dan.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Finance expert, Kenny Gatliff joins Dr. Dan to discuss all things finance and college basketball. Parallels are drawn between the March Madness NCAA Tournament and finance. Kenny is a Chartered Financial Analyst (CFA) and self-proclaimed sports junkie. While you may not get any tips for your tournament bracket, you'll get some good information about finance and investing.
Connect with Kenny on LinkedIn and check out his finance blog at www.on-themoney.com
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan introduces Douglas Alford. Douglas is a tax advisor and financial advisor. He has an MBA and is in the Masters of Financial Planning program at Kansas State. His emphasis is in Financial Therapy. Douglas is also pursing his CPA and CFP designations. How impressive is that?
Douglas takes us through an exercise that should be practiced by anyone in relationship. He poses the 4 "what if" questions that we should all be asking our spouses and partners.
Douglas defines WEALTH as freedom and control. If he has a sense of freedom and/or control in his life, he feels wealthy.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan discusses the factor the is most associated with happiness and well-being. Surprise, surprise...it's not money.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, Instagram, and LinkedIn.
Most of us have a relationship that we are neglecting. This is the relationship with our future self. Dr. Dan takes a look at why it is so important to foster a better relationship with your future self as well as some practical ways to start.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, Instagram, and LinkedIn.
There are many cognitive biases we exhibit that get in the way of good money decisions. This week, Dr. Dan discusses one of the biases we can actually use to our advantage.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, Instagram, and LinkedIn.
World class relationship coaches, Aaron and Jocelyn Freeman join Dr. Dan and Jordanne this week on the podcast to discuss their new book: The Argument Hangover.
They also discuss how to have better money conversations with a spouse or partner and why its important to truly listen to your partner's emotions rather than just respond to their words.
They define WEALTH as living out their couple's vision statement and feeling balanced in what they are receiving and what they are contributing to the world.
The Argument Hangover: www.theargumenthangover.com
Couples Workshops: www.thecouplesworkshop.com
Connect with the Freemans on Instagram.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, Instagram, and LinkedIn.
This week Dr. Dan looks at what has been going on with the Redditors vs. Hedge Funds, David vs. Goliath. Why do we often root for the underdogs? He also provides several practical takeaways such as examining your own financial behaviors to see if they are being influenced by anger, as well as understanding the difference between gambling and long-term investing.
Connect with Dr. Dan at www.drpallesen.com and on Instagram, LinkedIn, and Facebook.
Dr. Dan contributed to a story on The List about what our spaces say about us. Check out the video here:
https://www.thelisttv.com/the-list/what-the-hidden-spaces-in-your-home-say-about-you-11-19-20/
In this episode, Dr. Dan discusses the work of Dr. Sam Gosling around what purposes the things in our environment serve: 1.) Identity Claims 2.) Self-Regulators 3.) Behavioral Residue
Finally, Dr. Dan offers some practical ways to curate your own environment to actually enhance your mood, rather than drain it.
Dr. Dan chats with Lauren Saracione, who lives and works at the intersection of physical, emotional, and spiritual healing. She is a world class Pilates instructor. She pulls the curtain back on her own money trauma experiences to show how they have limited her, but also how she has worked through them.
You can connect with Lauren on Instagram and by checking out her website at www.laurensaracione.com
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan and his wife, Jordanne pull back the curtain on the evolution of money conversations in their relationship. The Money Talk is not often an easy conversation but it is crucial to be willing to have it. Listen in as Dr. Dan and Jordanne talk about the ups and downs they have gone through over the years.
Dr. Dan looks back on all of the conversations with guests in 2020 and shares some of his favorite insights.
75% of people abandon their New Year's Resolutions after a few weeks. And over 90% give up them altogether at some point in the year. Dr. Dan talks about how to create resolutions that are actually resolute and unwavering by identifying values and tying those values to your resolutions.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
The field of Behavioral Finance reveals to us that we are very risk averse when seeking gain. Sadly, Dr. Dan sees this all the time when working with retirees and investors who are far to conservative in their accounts than they need to be. While it may feel like they are doing the right thing by playing it safe, they are exposing themselves to other risk factors like inflation that can ultimately ruin their retirement portfolios.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Cory Camp joins Dr. Dan this week on The Behavioral Wealth Podcast. Cory is a Performance Coach and is the host of the Athletic Mindset Podcast. Cory talks about the importance of moving out of autopilot and living your life with intention. He dropped one of Dr. Dan's favorite quotes from a guest: "Be patient with your outcomes, but impatient with your actions towards achieving them."
And one of Dr. Dan's favorite books of all-time gets a shoutout: "Flow" by Mihaly Csikszentmihalyi https://www.amazon.com/Flow-Psychology-Experience-Perennial-Classics/dp/0061339202#ace-g9165775916
Cory offers a 30-Day Transition Training Program for athletes or anyone else trying to find purpose in a new phase of life.
Connect with Cory at www.corycamp.com and on Instagram.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan sits down with Melissa Machat this week. Melissa is a business coach, speaker, and entrepreneur. They discuss all things money mindset. What is it? Why is it important? And how do we improve ours?
Melissa defines WEALTH as the freedom provided through passive income so that we can live our lives with abundance, health, and joy. She offers some practical ways to start to build financial wealth.
Connect with Melissa on Instagram or by texting "wealth" to (833) 480-0397.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Rather than waiting until New Years Eve to create a generic NYE resolution, Dr. Dan encourages us all to plan ahead and offers 3 steps when preparing for a fantastic year:
1) Be realistic about the season of life you are in. Creating goals or resolutions that are not in alignment with your season will most likely fall flat.
2) Keep it simple. Rather than setting several unrelated goals, identify one word or phrase that encapsulates the way you want to feel in the coming year.
3) Make it visible. Strategically place this word or phrase throughout your environment to help prime you each day to make progress towards your goals.
"Know your vision. Be your vision. Breathe your vision. Let your intentional, crafted, motivating vision be your guiding light every single day!"
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
This week Dr. Dan interviews Jeremy Jones, co-owner and Master Fitness Coach at FunkFit in Gilbert, Arizona. They discuss the many parallels between finance and fitness including the importance of budgeting time just like you budget your money. And similar to the power of compounding interest, they also explore the compounding effects of small improvements to your daily routine.
Jeremy is the host of the 1 Percent Better Podcast.
Check out FunkFit at https://funkfit.com
Connect with Jeremy on Instagram and LinkedIn.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, or Instagram.
Paul Sullivan joins to discuss his book: The Thin Green Line. Paul is a columnist for the New York Times and for Golf Magazine. He shares his experiences drinking wine at Richard Thaler's home, having coffee with Joe Duran, and working with Dr. Brad Klontz to uncover "money scripts."
Paul literally wrote a book on how to live a wealthy life. Check out the Thin Green Line. It's one of Dr. Dan's favorite finance books. - https://www.amazon.com/Thin-Green-Line-Secrets-Wealthy/dp/1451687257
In the interview, Paul defines WEALTH as having choices.
Connect with Paul at https://pauljsullivan.com and on LinkedIn.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Meech Golden of SMAC Entertainment joins to share some insights he's gathered as a Talent Manager. SMAC's mantra is to "Hustle Like You're Broke" and Meech talks about how he lives his life with drive, but is also driven to serve others.
Meech defines WEALTH as both an abundance of happiness in all areas of life, as well as the presence of mind to truly experience it.
- SMAC Entertainment: https://smac-ent.com
- Back in the Game: https://www.cnbc.com/back-in-the-game/
- Behavioral "friction": https://www.behavioraleconomics.com/the-three-laws-of-human-behavior/
- The Brooklyn Combine: https://www.bklyncombine.com/about
Connect with Meech on Facebook, LinkedIn, and Instagram.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan reviews the latest Wealth Matters column in the New York Times by Paul Sullivan: Stressed about the Election? Don't Take it Out on Your Investments.
https://www.nytimes.com/2020/10/30/your-money/election-investments.html
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
This week, Dr. Dan reflects on many conversations had with investors preparing for retirement and shares some insights we can all learn from the Blue Jay, whose behavior ebbs and flows with the season.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan talks with Experience Creator and Fulfillment Coach, Kyle Depiesse this week on The Behavioral Wealth Podcast. Kyle helps people professionals staring down the barrel of burnout get back in touch with lighter side of life through cultivated experiences and play.
Dr. Dan and Kyle discuss the difference between "work-life balance" and "work-life rhythm" and Kyle talks about the importance of embracing the season you're in but making sure to transition well to the next.
Kyle is the host of The Reaching Beyond Podcast. Check out his work and upcoming coaching opportunities and bucket-list experiences at https://kyledepiesse.com
Connect with Kyle at on Facebook, Instagram, and LinkedIn.
Connect with Dr. Dan at www.drpallesen.com or on Facebook, Instagram, and LinkedIn.
Dr. Dan chats with David Campbell Lester of DCL Capital and author of "I Heart Money" https://www.dclcapital.com
David is passionate about helping people improve their relationship with money and he proposes that having positive beliefs about money allows us to take needed risks when we are navigating through life.
David defines WEALTH as freedom. Wealth is the lack of limitations. He proclaims that "if you can dream it, you can do it!" and that is the Wealthy life.
Connect with David at https://www.dclcapital.com and on Instagram.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
This week, Dr. Dan sits down with Meryl Klemow from The Cantore Show and Campfire Sht Show podcasts. Meryl is a professional podcaster, writer, and radio-personality.
Meryl offers tips for creators like: 1.) Provide exclusive content through platforms like Patreon 2.) Approach brands proactively about sponsorships 3.) Live your life in an interesting way
Meryl also opens up about her own money journey, which involved increasing debt even while held stable jobs. Her financial life turned around when she was finally honest with herself about her spending and created a plan to pay off debt. Meryl's epiphany was that paying off debt goes faster than one would think once they are fully committed to it. She now lives with a feeling of financial freedom that really enables her to dive into her creative and hilarious work. She also plugs "The Latte Factor" by David Bach. https://www.thelattefactor.com
Meryl defines WEALTH as a choice. To be Wealthy starts internally by intentionally choosing it, then letting that choice flow through your actions as you move through life.
Connect with Meryl on Instagram and check out her podcasts: - The Cantore Show - Campfire Sht Show
Connect with Dr. Dan at www.drpallesen.com or on Facebook, LinkedIn, and Instagram.
To truly build and maintain wealth, you need a clear vision for your life! Because if you have not identified your vision, your financial efforts can fall short. But when you can tie your financial behaviors (setting a budget, paying off debt, building savings, increasing income, etc...) to your vision, you will experience the sustainable fruits of your labor.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan interviews Coach Tyson Swaggert. Coach Swaggert was a star high school athlete that went on to play Division I football in the Big 10 as an offensive lineman at the University of Minnesota. Coach Swaggert now teaches math and coaches high school football. He has a passion for mentoring kids. He shares some of the struggles he faced as an athlete and the life lessons he learned along the way.
Coach Swaggert defines WEALTH as the lessons you learn when you don't take the easy way out. A Wealthy life is not so much about the destination as it is about the journey itself.
Connect with Dr. Dan at www.drpallesen.com or on Facebook, LinkedIn, and Instagram.
Dr. Sarah is a doctor of behavioral science with a specialty in lifestyle medicine. How cool is that?! She gets into some of her work with seniors and helping to prevent the burden of senior care on our healthcare system.
Dr. Sarah exposes the "Obesogenic Environment" we all live in. It is easier to be unhealthy than healthy in our lives. And she discusses ways we can "nudge" ourselves towards better health.
Dr. Sarah denies WEALTH as the ability to be happy. She emphasizes the importance of social connections as contributing to her happiness.
Finally, Dr. Sarah explains how we are basically eating "Adult Baby Food."
The Happiness Lab and The Science of Well-Being - Dr. Laurie Santos: - https://www.happinesslab.fm - https://www.coursera.org/learn/the-science-of-well-being
The Happiness Curve - Jonathan Rauch: http://happinesscurvebook.com
Nudge - Richard Thaler: https://www.amazon.com/Nudge-Improving-Decisions-Health-Happiness/dp/014311526X
Dr. Dan interviews fellow psychologist, Dr. Matthew Tatum. Not only is Dr. Matt a psychologist and multiple business owner, he is an Ironman triathlete. He shares some insights into what it takes to be an Ironman, which includes exercising for an average of 3 hours per day!
Dr. Matt defines WEALTH as the degree to which you are able live out your values. So a Wealthy person is someone who prioritizes their values and has them reflected in their actions.
Finally, Dr. Matt shares how he gets a vision and then pursues it. This has led to owning and running three separate treatment programs in Central California.
Connect with Dr. Matt on Instagram.
Connect with Dr. Dan at www.drpallesen.com or on Facebook, LinkedIn, and Instagram.
Dr. Dan talks about the path that led him to the field of Positive Psychology. He discusses the ABC Model of Albert Ellis, provides the definition of Positive Psychology from Martin Seligman, then introduces the PERMA model of well-being.
ABC Model - Albert Ellis: https://www.simplypsychology.org/cognitive-therapy.html - Activating Event - The external trigger in your environment. - Belief - What you believe about the Activating Event. - Consequence - How you feel as a result of your Belief.
Positive Psychology - Dr. Seligman: "Positive Psychology is the scientific study of the strengths that enable individuals and communities to thrive." https://ppc.sas.upenn.edu
PERMA model of well-being: https://positivepsychology.com/perma-model/ - Positive Emotions - Engagement - Relationships - Meaning - Accomplishments
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.
Dr. Dan interviews John Hagensen, MSFS, founder of Keystone Wealth Partners. John talks about why, as the owner of a financial advisory firm, he hired a psychologist to his advisory team.
John defines WEALTH as abundance and freedom. When you are able to live your life without limitations, that is a Wealthy life. John also gives credit to his wife, Brittany for keeping the bar raised high in their lives.
Finally, John emphasizes the importance of winning the morning. If you want to maximize your time, hit your goals, stay fit, and be able to stay involved with your family, you have to be willing and able to get up early.
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Quantitative Analysis of Investor Behavior: https://www.dalbar.com/Home/Index
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Happiness Pie Chart: http://sonjalyubomirsky.com/files/2019/11/Sheldon-Lyubomirsky-2019.pdf
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The Miracle Morning - Hal Elrod: https://miraclemorning.com
Connect with John at www.keystonewealthpartners.com or on Facebook, LinkedIn, and Instagram.
Connect with Dr. Dan at www.drpallesen.com or on Facebook, LinkedIn, and Instagram.
Dr. Dan introduces Behavioral Wealth in this first episode of The Behavioral Wealth Podcast. Behavioral Wealth is the blending of personal finance and Positive Psychology. It is a practice that helps people achieve long-term wealth, health, and happiness in their lives.
Connect with Dr. Dan at www.drpallesen.com and on Facebook, LinkedIn, and Instagram.