{"id":4809,"date":"2018-05-16T02:07:28","date_gmt":"2018-05-16T06:07:28","guid":{"rendered":"http:\/\/blog.silver-investor.com\/?p=4809"},"modified":"2018-06-10T10:52:26","modified_gmt":"2018-06-10T10:52:26","slug":"david-morgan-joel-salomon-mindful-money-management-podcast","status":"publish","type":"post","link":"https:\/\/www.themorganreport.com\/blog\/david-morgan-joel-salomon-mindful-money-management-podcast\/","title":{"rendered":"David Morgan &amp; Joel Salomon (Mindful Money Management) Podcast"},"content":{"rendered":"<div align=\"center\">\n<table border=\"1\" width=\"80%\" bordercolor=\"#282828\" cellpadding=\"3\" bgcolor=\"#D7E4BC\" cellspacing=\"0\">\n<tr>\n<td>\n<p align=\"center\"><b><font size=\"2\">Get Trading Recommendations and Read Analysis for just $50 per month.<br \/> The Morgan Report: <\/font> <a href=\"http:\/\/www.themorganreport.com\/join\" rel=\"noopener\" target=\"_blank\"> <font size=\"2\">http:\/\/www.themorganreport.com\/join<\/font><\/a><\/b><\/td>\n<\/tr>\n<\/table><\/div>\n<p>&nbsp;<br \/>\nDavid Morgan &#038; Joel Salomon (Mindful Money Management) Podcast<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/2tkar5F4yHE\" frameborder=\"0\" allow=\"autoplay; encrypted-media\" allowfullscreen><\/iframe><br \/>\nTranscript&#8211;<br \/>\nDavid Morgan:<br \/>\nWelcome everyone.  This is early May 2018.  David Morgan with you and this is a special podcast I\u2019m doing on a book I just read.  I met this gentleman through my LinkedIn associations.  It\u2019s Joel Salomon in New York and the book is called Mindful Money Management:  Memoirs of a Hedge Fund Manager.  Being in the financial market for so long, there are so many things in this book, Joel that I could relate to.  I\u2019ll try to stay in some type of order, but let\u2019s talk about your early years and you were striving to become a hedge fund manager.  Why don\u2019t you introduce who you are, why you wrote the book, and your early years?<br \/>\nJoel Salomon:<br \/>\nThanks so much, David.  First of all, thanks so much for having me on the podcast.  I really appreciate it.  It\u2019s a pleasure.  Thanks, also, for just noting that you were inspired because that really touches my heart.  I appreciate that so much.  So, to answer your questions, first of all let me just say I\u2019m a dedicated father to two amazing, beautiful, inspiring daughters, Lauren and Morgan from which my company is actually named: SaLaurMor.  As background, what I\u2019m currently doing, I\u2019m working as a prosperity coach.  Some have called me a money shrink.  My goal is to help at least 100,000 people become financially free.  I work with clients to help identify and overcome their money roadblocks standing in the way of their personal financial freedom.<br \/>\nNo one really talks about what they\u2019ve learned about regarding money growing up subconsciously between age 0 when they born and say age 10.  This is sometimes stopping them from taking action.  They live in fear.  Some people live in fear about investing in different markets.  They can\u2019t invest in real estate or stocks, or currencies, or commodities because of this fear that they actually have subconsciously.  It creates a poverty consciousness.  So, I work with them on overcoming these blocks so that they can move on their way to financial freedom.<br \/>\nNow, to tell you a little bit about my career and how I got here, it\u2019s unusual I think, to say the least.  I started my career as an actuary.  Some people don\u2019t really know exactly what an actuary was.  I distinguish an actuary, an actuary and accountant by saying an actuary looks at his feet when he talks to you, an accountant looks at your feet.<br \/>\nAn actuary does a lot of different things.  They\u2019ll calculate the reserves for an insurance company for their future claims.  They\u2019ll calculate your dividends or your premiums.  I did a lot of those types of things at a company called New York Life Insurance Company.  I worked as an actuary, became a Fellow of the Society of Actuaries going through a series of exams, and became a Fellow of the Society of Actuaries, but really didn\u2019t love my day job.<br \/>\nI had a dream to manage money whether it was as a hedge fund manager or a mutual fund manager.  That was my dream back in 1993.  Everyone I talked to at the time, gave me massive doubt.  They said that\u2019s impossible, you\u2019re an actuary, there\u2019s no way you can become an investor.  But, I talked to one actuary who was on Wall Street.  He said you need to get credit analysis experience if you want to be a great investor in financial securities.  So, I made the move to Moody\u2019s Investor Service, a credit rating<br \/>\n?<br \/>\nagency-.  got the basics of credit analysis and actually, ultimately, got a portfolio of companies that I assigned ratings to and then learned everything I thought I needed to then get to the next level.  A recruiter called and said, \u201cDo you want to be a private equity investor?\u201d  I said, \u201cOkay, that\u2019s one step closer to being a hedge fund manager or mutual fund investor.\u201d  So, I jumped at that opportunity at a reinsurance company called Swiss Re, first in New York.<br \/>\nI\u2019m working in New York for about year when my whole group was disbanded.  That actually got me the opportunity to work in Zurich.  I say in my book, Mindful Money Management, that from \u201cbad things come good things, and from terrible things, come awesome great things.\u201d  So, from this potential bad thing of getting laid off, I got the opportunity to live and work in Zurich for almost a year-and-a-half.  As I say in the book, and I have two appendices on travel because it\u2019s one of my biggest passions in life, I got to travel to more than 30 countries, 40 towns across Europe and really had a great time there, but I came back to New York and realized I wasn\u2019t one step closer to my dream and started looking.  I found a job at a small hedge fund and that got me one step closer to my dream and ultimately in January 2008, after getting a call from my Citigroup salesperson in late 2007, I started in my dream job working as a hedge fund manager at Citigroup, and actually managing money.  So, that\u2019s the short story, I guess, of how I got to live at least for a few years, my dream and then I, of course, started my own company SaLaurMor Capital in late 2012 using insurance company money to invest and did that for a few years before I made the transition to become a prosperity coach.  Does that answer your question, David?<br \/>\nDavid Morgan:<br \/>\nYes, it does.  There\u2019s a lot in the book that has to do with what I call balance.  Often, in interviews that I give, I talk about having enough.  That\u2019s a different number for everybody.  I deal, as you have, with investment bankers or people that are in the billionaire status.  There\u2019s maybe four that I know on a first name basis, but I don\u2019t need that much.  I\u2019m very content where I\u2019m at.  So, when you talk about being financially free in your book, you talk about, I think three items and I\u2019m going to lump them together if you don\u2019t mind and that is, this idea that first of all you got a lot of your foundational, I\u2019ll call them philosophy, from others.<br \/>\nFor example, you talk about T. Harv Eker and the millionaire mindset.  You talked about Napoleon Hill.  You talked about many of the people that have really kind of blazed the trail in financial thinking.  You talked about Sir John Templeton and about being grateful.  I know I\u2019m lumping a lot of things together, but I think since you wrote the book, you can kind of summarize some of these ideas.  I\u2019d like you to talk about acting as if and being grateful.  I think those two chapters really, really hit hard for me.<br \/>\nJoel Salomon:<br \/>\nThank you, David.  I really do appreciate that.  So, financial freedom, it\u2019s a big topic.  What is financial freedom?  It can be different things to different people, but let me just say how I define it.  T. Harv Eker and people like him define it as the amount of income you get from passive income investments that will cover your expenses, either your current expenses or your dream expenses, your dream life expenses, so that you don\u2019t have to work.  Let me give you an example.  This is an example I gave in my book, Mindful Money Management.<br \/>\nIf you have $5,000 of expenses a month, $60,000 a year, if you have passive income investments of a million dollars generating 6%, that would equate to the $60,000 of expenses a year and then you would be financially free.  Now, what are passive income investments?  It\u2019s not your house.  It\u2019s not your 401k.  It\u2019s not your retirement savings.  It is investments that are currently generating income for you today.  So, it can be rental real estate property or commodities, or currencies, or a side business, an Amazon fulfillment business, anything that\u2019s generating you income currently; stocks today that you have invested in that you\u2019re generating either capital gains or dividends on.  That\u2019s how I define financial freedom.  I talked about how I started paying myself first back probably 25 years ago now, which people\u2014again, it\u2019s an important concept to put money aside not for 30 years now, but for today where you can start investing today and generate income today.  So, that\u2019s an important concept of putting whatever you can start with; 5%, 10% and just right off the top instead of putting it aside for future, putting it aside so that you build up and invest today.<br \/>\nYes, T. Harv did have a fairly strong influence on me as Napoleon Hill did, as well.  John Templeton, he talks about gratitude and giving.  It\u2019s two concepts, which I think are very, very important, which no one talks about when they talk about financial freedom.  I think it\u2019s absolutely essential to both financial freedom for mindset, for knowing that youare worth dramatically more than where you might be today.  So, John Templeton, the quote I have in the book and I\u2019m going to paraphrase, is he hadn\u2019t met anyone who hadn\u2019t given at least 10% of his earnings to charities over a 10-year period, who didn\u2019t have massively more wealth at the end of the 10 years than at the beginning.  So, he\u2019s advocating a giving program.  Some people may say okay you\u2019re advocating for me to give away money, how does that make me richer?<br \/>\nWell, when you give, it kind of primes the brain.  It makes you believe and know that you have plenty to spare and share, and that\u2019s when your mindfulness related to your money mindset changes.  That\u2019s the importance of giving.  Now, being grateful is also really important because I talk about different energy levels, different vibration levels, which Abraham Hicks talks about, Esther Hicks talks about.  Gratitude and appreciation, believe it or not, is the highest energy or vibration, or feeling level.  If you could feel gratitude all day long every day then it\u2019s the same level of energy and vibration that equating to love and passion.<br \/>\nSo, I recommend, and I started this probably about six years ago, writing down what you\u2019re grateful for.  Every morning when you wake up, write down what you\u2019re grateful for.  It doesn\u2019t have to be massive, great things.  It can be something really simple like it\u2019s a sunny day.  I wrote down, every morning, I\u2019m grateful for Lauren and Morgan.  It just changes your perspective on life.  I used to, before 2012, right before I\u2019d go to sleep, think about all these things I had to do the next day, all the things I didn\u2019t get quite right in the current day.  Then, I, in 2012, shifted and so I started writing down the things that I was grateful for that happened that day.  It just changes your perspective.<br \/>\nDavid Morgan:<br \/>\nExcellent.  I\u2019m going to chime in here a little bit.  I\u2019m going to circle back a bit, also.  When I picked up the book and you talked about being of service to others, that\u2019s something I learned, was taught by one of my mentors early on and I truly believe that.  I mean, when I started my business, it was to be of maximum service to others in an industry that has oh, let\u2019s say, been tainted by some of the practices that go on.  It happens in all industries, I know that. To me true capitalism means you can serve yourself and serve others at the same time.<br \/>\nWhen you said being of service, I\u2019m also right on the same page about being grateful. It seemed&#8211; I never heard is expressed the way you did as far as being the highest vibration or one of the highest vibrations.  I believe you\u2019re right, after listening to you.  I really want you to talk about, a little further, about how this paradox of giving to receive works.  Let me say specifically, how it worked in your life.  You did it and what happened to you?<br \/>\nJoel Salomon:<br \/>\nYeah, so giving, it\u2019s interesting because again, it seems like a paradox but the more you give, it just increases the vibration.  At least for me, it does.  When I give, I feel like I do have plenty to spare and share, and it just, it shifts.  I think I have a chapter in my book called Overcoming Feelings of Lack.  There was a time when I was managing my hedge fund when we didn\u2019t have great returns and I wasn\u2019t drawing much income, and I started feeling, having that poverty consciousness that I mentioned earlier.  Then, I started this giving program and it just shifted.  It made me realize, wait a second, there are a lot of people in the world that don\u2019t have anywhere near the benefits that I have had in my life.  So, it just shifts the way you feel and then things start changing.<br \/>\nIt seems like money starts coming back in and there are so many other things in your life that you\u2019re grateful for that you can recognize. If you wrote those down, it just shifts the energy and all of a sudden the abundance starts flowing in.  That\u2019s what happened to me.  So, that\u2019s why I high recommend the giving program.  You can even start with a small amount.  It doesn\u2019t have to be big dollar amounts, but it just shifts the energy so that you know in your mind, that you have plenty to spare and share, and then the abundance starts flowing in.  That\u2019s how it\u2019s worked for me. I\u2019d recommend even in the\u2014you can start with a small amount, a monthly deduction out of your checking account to a charity of your choice.  If it\u2019s to cure cancer or heart disease, or whatever it is, to stop poverty in a town in Africa.  Whatever it is that really resonates with you, it will change your relationship with money<br \/>\nDavid Morgan:<br \/>\nOne of the other points that I don\u2019t think many make or I haven\u2019t read a lot about, is this idea\u2014as a youth, I had the idea.  Money equals happiness.  Of course I learned fairly early on, that\u2019s not true.  Can you talk about this, you have a chapter on happiness.  You have a chapter on feel good now.  You have a chapter that\u2019s entitled Trusting Your Gut and Unconditional Happiness.  I\u2019d like you to kind of just wrap those up if you could in this idea of happiness.  Also, if you could confirm for me that there\u2019s no\u2014if it\u2019s money only then there\u2019s no amount that\u2019s going to get you there.<br \/>\nJoel Salomon:<br \/>\nThank you.  Yeah, so again, money doesn\u2019t equal happiness, but there is a certain minimal level that is required for the basic freedoms that we enjoy.  I talk about happiness a couple of times in the book, as you mentioned.  I introduced the concept in chapter eight.  What happened was I had, had a really great first six months in 2013 at my hedge fund.  We were up 20% annualized in just six months.  In 2014, I realized that when things weren\u2019t going well, my happiness was conditional on if I was making money for my investors.  So, if we lost money I was unhappy.  If we made money, I was happy.  Of course, it\u2019s a terrible way to live your life because even the greatest money managers are wrong about 50% of the time.  Imagine every other day you\u2019re going to be unhappy.<br \/>\nI think, in general, that\u2019s what happens in life, that we live our lives in conditional happiness.  Something good happens, you\u2019re happy.  If something bad happens, you\u2019re sad.  If you get a raise, you\u2019re happy.  If you don\u2019t, you\u2019re sad.  If you get that great job, you\u2019re happy.  If you don\u2019t, you\u2019re sad.  You\u2019re driving into Manhattan, you get that great parking spot outside the building you\u2019re driving to, you\u2019re happy.  If not, you\u2019re sad.  I think the big revelation came to me in August 20115.  It was the first time in my career managing money that I took half the month off. I took two weeks off in August 2015.  That month the stock market was down about 7%.  The hedge fund that I was managing was up about 3%.  I truly believe it was because I was feeling good now, I was present, I was having a good time, really happy.<br \/>\nOne week I went to Croatia with my friend Don who\u2019s another investor and who\u2019s actually very calm and we weren\u2019t spending our time checking prices all day every day., We were actually being present and having a great time in Croatia.  The second week, I was with my daughters going to Hershey Park in Pennsylvania and a few other amusement parks, and just being present with them.  I truly believe that, that being happy, being present, actually created that great month that I had.  It was a revelation for me that I didn\u2019t have to stare at the stock screen and worry about every single tick, worry about every single moment that things were moving and still do quite well.  That was the revelation for me.  I guess I make this point in the book.  Again, it\u2019s back to energy and vibration, and feeling.  If you\u2019re feeling great, if you\u2019re feeling absolutely ecstatic and so happy, then what you want&#8211;your desires and dreams&#8211;will come to you.<br \/>\nIt\u2019s really hard when you\u2019re very depressed and sad, to no matter how hard you work for something, you have a plan, you have a goal, if you\u2019re feeling absolutely depressed and anxious, and sad, and worried it\u2019s just not going to happen.  That\u2019s a very important lesson that I mention in the book is where are you in terms of your happiness level.  If you\u2019re ecstatic and really happy then what you want in life will come and if you\u2019re very depressed and sad, it\u2019s very unlikely you\u2019re going to get what you want.<br \/>\nDavid Morgan:<br \/>\nVery good.  I want to tie these together.  When you\u2019re in that place and I think we all get there if we\u2019re honest.  You\u2019re down, you\u2019re depressed, maybe you say I\u2019m not going to let the market movement affect me, but it does, if you at that point catch yourself, be mindful and you go out and do something for someone else, does that\u2014for me, it seems to shift something.  It gets me out of myself, into being of service to someone else even if it\u2019s helping them in a physical way or letting them know, hey I\u2019m moving out, here\u2019s my parking place, or some simple task, but just that little extra caring I\u2019ll call it.  Have you ever practiced that or found that to be useful?<br \/>\n?<br \/>\nJoel Salomon:<br \/>\nAbsolutely, David, that\u2019s exactly how it works.  Like I said earlier with the feelings of lack, when you\u2019re feeling lack, it may seem completely contradictory, but give.  When you\u2019re feeling that you don\u2019t have enough, gives to others.  It doesn\u2019t have to be just about money.  You can give a smile or a compliment to somebody.  You can give up a parking spot for somebody.  You can give a compliment and it can be significant.  That kind of giving can be absolutely significant and will shift your energy, and move you up on that scale towards number one, which is the feeling of extreme gratitude and appreciation.  When you feel blessed, that\u2019s when all your dreams and desires can come to you.<br \/>\nDavid Morgan:<br \/>\nFirst, thank you for coming.  On your website, which we\u2019ll get to in a minute, I want to bring up one of the quotes posted there.  It\u2019s also in your book from Napoleon Hill.  Of course most people are familiar with Think and Grow Rich, but not his other works.  In this one, you quote him and it says, \u201cIf I give one of my dollars in return for one of yours, each of us will have no more than we started with.  But, if I give you a thought in return for one of your thoughts, each of us will have gained a 100% dividend on this investment of time.\u201d  Profound.  I finish a lot of my lectures about thanking the audience for giving me the most important commodity of all, which is their time.  A lot of people, \u201cwaste time\u201d or don\u2019t manage their time or whatever, so I\u2019d like you to take off on that theme if you might, for a moment and then we\u2019ll circle back to your website and what you do now, and how people can get in touch with you.<br \/>\nJoel Salomon:<br \/>\nYeah, Napoleon Hill has a lot of great quotes.  Thanks for quoting that because I use that a lot too.  Yes, obviously time is our most precious commodity.  It\u2019s not money, it\u2019s time.  So, how you use your time and what you do with it, is very important.  I appreciate your time today, David.  It\u2019s also about the idea, the exchange of ideas.  Just giving, exchanging money is not as powerful as what we\u2019ve done today, which is provide, being of service to others and providing great ideas to others, which is, as Napoleon Hills says, the greatest dividend.<br \/>\nDavid Morgan:<br \/>\nMy world view is that all Fiat currency will eventually reach their intrinsic value or close to it, and of course we\u2019ve got the US dollar as the reserve currency of the world. Of course, if you look at the Federal Reserve\u2019s website, it\u2019s going to tell you that the 1913 dollar is worth about 95% less than what it was just over 100 years ago.  Do you have a macro view that you\u2019d like to share?  If you just want to bow out gracefully, I\u2019ll let you off the hook.  You were a money manager at one time.  You certainly don\u2019t get to be good at managing money if you don\u2019t see the ebbs and flows in the economy.  What\u2019s your big picture view look like?<br \/>\nJoel Salomon:<br \/>\nI will profess not to be an expert in the macro economy up front, but I do have some strong views, which haven\u2019t come to fruition over the years.  Let me back up, first of all, and talk about beliefs just for a second.  This is what I tell my clients.  It\u2019s essential.  Think about your belief level in each investment idea and rank them from 1 to 10 where 1 is massive doubt and 10 is absolute faith&#8211;knowing that it\u2019s going to work out.  You should do this for each investment you\u2019re already in and each prospective investment.  If you\u2019re way down at 1, 2, or 3, where you have massive doubt then don\u2019t go investing or get out because it\u2019s not going to work.  when you have absolute strong belief, 8, 9, or 10, that\u2019s when if Bitcoin has gone down, you\u2019re an advocate of Bitcoin and you have, you\u2019ve done your research and you\u2019re an 8, or 9, or 10, and Bitcoin goes down by 20 or 30, or 40%, you\u2019re buying more whereas if you have massive doubt, that\u2019s the guy who in early December when he bought it at 8,000 and it had gone up 25% and then gone back down 20% sold before it peaked at 19,000 just three weeks later, knowing your belief level is really essential.<br \/>\nHaving said that, I\u2019ll talk to you about my views on Fiat currency.  I guess my view is  if you had told me about the trillions of dollar that the Fed was going to print, the amount of currency in dollars that the Fed was going to print back in 2009 and 10, I would have said that interest rates would be dramatically higher over the next years and the value of the dollar would be dramatically lower.  Here we are8, 9 years later and the value of the dollar hasn\u2019t depreciated and inflation hasn\u2019t gone through the roof.  I\u2019ve been wrong for many years.  I\u2019ll just say that, but that\u2019s my view.  My expectation is that we will at some point, have significantly more inflation and a depreciation of the dollar, just not sure when and it hasn\u2019t happened yet.<br \/>\nDavid Morgan:<br \/>\nI\u2019d like you to talk about your website, prosperity coaching, how people can get the book, the fact that you do workshops and other things.  I\u2019m happy for you.  I wish everyone on the planet was doing what they wanted, but so many people just drag themselves to and from work.  It takes that desire, I would say, to either be fed up so you\u2019ve got to leave this job and do something that you want or you just are so motivated, like you were.  You were going to get to be a fund manager one way or another, even starting as an actuary.  You just knew what your goal was.  There\u2019s no direct path, a lot of times, to get where you really want to be.  I think I\u2019m belaboring this a bit, Joel, but a lot of success comes after a pile of failures.  I think a lot of people that look at you, look at me, or whoever, I don\u2019t want to make this about us so much as people that are \u201csuccessful\u201d in their chosen field and they\u2019re doing what they want, it\u2019s like they just decided one day to do it or they got a lucky break, or someone, they inherited money to start their business or whatever.  It almost always, that\u2019s false.  Usually, it\u2019s you learn what not to do a few times before you actually succeeded.<br \/>\nJoel Salomon:<br \/>\nAbsolutely.  You see the people become popular after they\u2019re very successful and no one talks about the back story.  There\u2019s a back story for everyone.  The back story is the challenges and the learnings that they had before they got to be massively successful.  That\u2019s absolutely true.  To answer your question, the website is salaurmor.com.  You can also go to joelsalomon.com.  Anybody who wants to sign up for one hour free of prosperity coaching, you can go on to that website, get one hour free.  I give everybody in the world one hour free, so do that.  Then, you can get my book on my website; Mindful Money Management:  Memoirs of a Hedge Fund Manager.  It\u2019s discounted on my website.  There\u2019s a ton of free stuff on my website, as well.  I have, besides the quotes that you\u2019ve mentioned, which I think are quite inspiring, there\u2019s free audio files, which are self-talk audio files that I\u2019ve given out to the world.  I also have, which is I think quite unusual, my monthly investment letters from the three years I was managing a hedge fund.  I have those on the website for free.  Then, I also have what may be quite unusual, I have suggested book readings, I have my favorite songs, I have my favorite travel destinations.  There\u2019s a lot of stuff.  Go on there and you can get a lot of free stuff.  Then, just quickly, on my prosperity coaching, there\u2019s three different modules that I teach people on.  One is the basics of investing.  If you want to know about stocks or bonds, or mutual funds or ETFs, or currencies, or commodities, or real estate, I can go into the basics of each of those topics.  The second topic is what tends to be the most interesting.  We talk about how to create your dreams and desires, how to use the affirmations, the self-talks, to get to your goals, your dreams, and your desires.  Then, the last module is a bit of what we\u2019ve already talked about, the financial freedom.  What\u2019s your financial freedom number and how you can shift your cash flow, do some budgeting, shift your savings to get to your financial freedom number.<br \/>\nDavid Morgan:<br \/>\nJoel, I\u2019ve had a great time with you.  I wish you all the best.  I think you are one of the leaders.  There\u2019s a lot of leaders out there, but I think there\u2019s a shift that\u2019s coming especially with the millennials.  I have a 24 and a 23-year-old daughter.  Their whole attitude toward money, I think, is different than mine was at that age.  They\u2019re more about experience than I was.  They\u2019re more about the intangible, the feelings.  Of course they\u2019re girls and I think there\u2019s definitely a difference, but the point I\u2019m making is that this shift that\u2019s taking place about our world and all the problems that we haven\u2019t discussed and I don\u2019t want to, but the positive ideas that you do have a lot of control.  You can manage money.  You can be successful.  You can be grateful.  You can give.  All these things we\u2019ve talked about over the last half-an-hour, have a profound impact on you, the individual.  I think this is important because most people seem to be lost in this blur of no self-identity, no self-realization, and no actual accounting to themselves what they are required to do.  It\u2019s not something you can just sit down and meditate for 10 minutes and all of a sudden you\u2019re in a blissful state from that point on, it doesn\u2019t work that way.  If you\u2019d just like to add on to that because I think this is a message that is being missed, at least that\u2019s how I see it, if you could comment on that, we\u2019ll wrap it up.<br \/>\nJoel Salomon:<br \/>\nAbsolutely.  I\u2019m in complete agreement.  Again, life is about\u2014one of my mentors is Mike Dooley and he says the meaning of life is to live it, just be present and live it, and be in the moment.  I\u2019m a little bit different, but maybe fairly consistent.  Me, my view is the meaning of life, is to be happy, to be joyous.  It\u2019s all about the experiences.  I\u2019m probably consistent with your daughters.  I believe that my daughters will be the same way in 10 years when they\u2019re your daughters\u2019 ages.  It\u2019s all about enjoying the experience rather than accumulating material possessions because as they say, you can\u2019t take it with you.  Enjoy experiences of life and I think you\u2019ll be a better person for it.<br \/>\nDavid Morgan:<br \/>\nJoel, I wish you the very best from this day forward.  I really appreciated your time.  I hope that this resonates with a lot of our listeners.  I\u2019m certain that after some time I\u2019ll probably come back and do another podcast with you.<br \/>\nJoel Salomon:<br \/>\nThanks so much for your time, David.  I really do appreciate it.  It\u2019s been great to talk with you today.<br \/>\n&nbsp;<\/p>\n<blockquote>\n<p align=\"center\"><font color=\"#AF0000\" style=\"font-size: 14pt\"><b>Join Our Free<br \/>\nE-Newsletter Today!<br \/>\nGet All Our Free Reports Below<\/b><\/p>\n<p><\/font> <b>Special Report:<\/b> Silver Price Forecast: How high will the price of silver be this year? How about next year? Grab Your Silver Price Forecast Free Report Right Now! In this report you will discover Silver might surprise everybody by the end of this year.<\/p>\n<p><b>Is There A Silver Shortage Webinar:<\/b> Join me in the free webinar where we&#8217;ll discuss, Is a silver deficit a silver shortage? What year did the deficit turn to a surplus? Are the above ground silver stocks increasing or decreasing How well does price track supply?<\/p>\n<p><b>Special Report: Riches In Resources:<\/b> The RIR report was written by myself. Often I rely on my team to help with research and trips to various companies, annual meetings, quarterly updates, conference calls, investor seminars, and all that we do to keep our members at the cutting edge of the Wealth building\/Wealth preservation sector.<br \/> There is so much information in this report. So be sure to watch the movie, understand the times we are living in, and please share with your friends, family, social media or anyone that you care about. These times are changing rapidly.<\/p>\n<p>Because there is a 100% failure rate of ALL fiat money throughout history, you will learn what to do by obtaining our Free Reports. Just enter your first name, your primary email address and click the Get Special Report button below.<\/a>\n\t<\/p>\n<p><b>Are you prepared for what lies ahead? Our Free E-Letter will keep YOU in the top 3% of the Informed, the Awake, and the Aware.<\/b><\/p>\n<\/p>\n<div class=\"AW-Form-1281419199\"><\/div>\n<p><script type=\"text\/javascript\">(function(d, s, id) {\n    var js, fjs = d.getElementsByTagName(s)[0];\n    if (d.getElementById(id)) return;\n    js = d.createElement(s); js.id = id;\n    js.src = \"\/\/forms.aweber.com\/form\/99\/1281419199.js\";\n    fjs.parentNode.insertBefore(js, fjs);\n    }(document, \"script\", \"aweber-wjs-jc8lzhdt3\"));\n<\/script><br \/>\nOur mission statement reads&#8230;<br \/>\n<b><i>&#8220;To teach and empower people to understand the benefits of an honest monetary system.&#8221;<\/i> <\/b><br \/>\nToday&#8217;s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. We invite you to learn more about what The Morgan Report can do for you. Click on the Learn More About The Morgan Report button now!<br \/>\n<center><a href=\"http:\/\/www.themorganreport.com\/join\" class=\"sc-button\" style=\"background: default\"><span><strong>Learn More About The Morgan Report *<\/strong><\/span><\/a>\n<\/p><\/blockquote>\n<p>&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Get Trading Recommendations and Read Analysis for just $50 per month. The Morgan Report: http:\/\/www.themorganreport.com\/join &nbsp; David Morgan &#038; Joel Salomon (Mindful Money Management) Podcast Transcript&#8211; David Morgan: Welcome everyone. This is early May 2018. David Morgan with you and this is a special podcast I\u2019m doing on a book I just read. I met<span class=\"read-more\"><a href=\"https:\/\/www.themorganreport.com\/blog\/david-morgan-joel-salomon-mindful-money-management-podcast\/\" title=\"Read More\">More<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121,89],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>David Morgan &amp; Joel Salomon (Mindful Money Management) Podcast<\/title>\n<meta name=\"description\" content=\"David Morgan &amp; Joel Salomon (Mindful Money Management) Podcast\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.themorganreport.com\/blog\/david-morgan-joel-salomon-mindful-money-management-podcast\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"David Morgan &amp; Joel Salomon (Mindful Money Management) Podcast\" \/>\n<meta property=\"og:description\" content=\"David Morgan &amp; Joel Salomon (Mindful Money Management) Podcast\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.themorganreport.com\/blog\/david-morgan-joel-salomon-mindful-money-management-podcast\/\" \/>\n<meta property=\"og:site_name\" content=\"The Morgan Report News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pages\/The-Morgan-Report\/317004435015437\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-16T06:07:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-06-10T10:52:26+00:00\" \/>\n<meta name=\"author\" content=\"David Morgan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@silverguru22\" \/>\n<meta name=\"twitter:site\" content=\"@silverguru22\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Morgan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"28 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.themorganreport.com\/blog\/david-morgan-joel-salomon-mindful-money-management-podcast\/\",\"url\":\"https:\/\/www.themorganreport.com\/blog\/david-morgan-joel-salomon-mindful-money-management-podcast\/\",\"name\":\"David Morgan &amp; Joel Salomon (Mindful Money Management) Podcast\",\"isPartOf\":{\"@id\":\"https:\/\/www.themorganreport.com\/blog\/#website\"},\"datePublished\":\"2018-05-16T06:07:28+00:00\",\"dateModified\":\"2018-06-10T10:52:26+00:00\",\"author\":{\"@id\":\"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/2f153b749f1b9c4e76eacf9ee3cc046a\"},\"description\":\"David Morgan &amp; Joel Salomon (Mindful Money Management) Podcast\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.themorganreport.com\/blog\/david-morgan-joel-salomon-mindful-money-management-podcast\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.themorganreport.com\/blog\/#website\",\"url\":\"https:\/\/www.themorganreport.com\/blog\/\",\"name\":\"The Morgan Report News\",\"description\":\"Helping You Build And Preserve Wealth\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.themorganreport.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/2f153b749f1b9c4e76eacf9ee3cc046a\",\"name\":\"David Morgan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5580128866d1436555aa5bfafd8133d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5580128866d1436555aa5bfafd8133d2?s=96&d=mm&r=g\",\"caption\":\"David Morgan\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"David Morgan &amp; Joel Salomon (Mindful Money Management) Podcast","description":"David Morgan &amp; Joel Salomon (Mindful Money Management) Podcast","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.themorganreport.com\/blog\/david-morgan-joel-salomon-mindful-money-management-podcast\/","og_locale":"en_US","og_type":"article","og_title":"David Morgan &amp; Joel Salomon (Mindful Money Management) Podcast","og_description":"David Morgan &amp; Joel Salomon (Mindful Money Management) Podcast","og_url":"https:\/\/www.themorganreport.com\/blog\/david-morgan-joel-salomon-mindful-money-management-podcast\/","og_site_name":"The Morgan Report News","article_publisher":"https:\/\/www.facebook.com\/pages\/The-Morgan-Report\/317004435015437","article_published_time":"2018-05-16T06:07:28+00:00","article_modified_time":"2018-06-10T10:52:26+00:00","author":"David Morgan","twitter_card":"summary_large_image","twitter_creator":"@silverguru22","twitter_site":"@silverguru22","twitter_misc":{"Written by":"David Morgan","Est. reading time":"28 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.themorganreport.com\/blog\/david-morgan-joel-salomon-mindful-money-management-podcast\/","url":"https:\/\/www.themorganreport.com\/blog\/david-morgan-joel-salomon-mindful-money-management-podcast\/","name":"David Morgan &amp; Joel Salomon (Mindful Money Management) Podcast","isPartOf":{"@id":"https:\/\/www.themorganreport.com\/blog\/#website"},"datePublished":"2018-05-16T06:07:28+00:00","dateModified":"2018-06-10T10:52:26+00:00","author":{"@id":"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/2f153b749f1b9c4e76eacf9ee3cc046a"},"description":"David Morgan &amp; Joel Salomon (Mindful Money Management) Podcast","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.themorganreport.com\/blog\/david-morgan-joel-salomon-mindful-money-management-podcast\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.themorganreport.com\/blog\/#website","url":"https:\/\/www.themorganreport.com\/blog\/","name":"The Morgan Report News","description":"Helping You Build And Preserve Wealth","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.themorganreport.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/2f153b749f1b9c4e76eacf9ee3cc046a","name":"David Morgan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/5580128866d1436555aa5bfafd8133d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5580128866d1436555aa5bfafd8133d2?s=96&d=mm&r=g","caption":"David Morgan"}}]}},"_links":{"self":[{"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/posts\/4809"}],"collection":[{"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/comments?post=4809"}],"version-history":[{"count":1,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/posts\/4809\/revisions"}],"predecessor-version":[{"id":4942,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/posts\/4809\/revisions\/4942"}],"wp:attachment":[{"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/media?parent=4809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/categories?post=4809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/tags?post=4809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}