Wisdom, Wealth, and Wellness

In this podcast episode, host Jonathan Satovsky, a financial advisor, engages with Dr. Joy Lere, a clinical psychologist, on the intricate relationship between psychology and personal finance. They delve into the importance of emotional intelligence in managing money and discuss strategies for preventing burnout among professionals in the financial sector. The conversation aims to provide listeners with insights into how psychological principles can be applied to achieve wealth and wellness.Jonathan M. Satovsky, CFP, ChFC, CIMA, CPWA, CDFA, DACFPSatovsky Asset Management, LLC (SAM)232 Madison Avenue, Suite 400New York, NY 10016Phone: 212.584.1900https://www.satovsky.comThe information provided in this podcast is for general informational purposes only and should not be considered as financial, investment, legal, or tax advice. Listening to this podcast does not create an advisor-client relationship. Investing involves risk, including the potential loss of principal. Past performance is not indicative of future results. Please consult a professional advisor for advice specific to your situation. Satovsky Asset Management is a registered investment advisor with the SEC.

In this episode of "Wisdom, Wealth, and Wellness," I engage with renowned economist David McWilliams, co-founder of the Dalkey Book Festival. We discuss the festival's creation, celebrity support, and its significant community impact. McWilliams also shares insights on global economic issues like poor economic management on cultures, demographic challenges in Africa, the complexities of migration, and Brexit. He highlights his approach to making economics accessible and engaging through storytelling and humor. A stand-up economist?Your host:For over 25 years, Jonathan has started with a simple question – How can I help? His life’s passion is to solve challenges for others and unlock people’s potential to pursue their dreams. Jonathan has grown a loyal and committed clientele of family-based, multi-generational relationships. He serves as CEO and Chief Behavioral Coach of Satovsky Asset ManagementYou can watch the full interview on YouTube

Michael Sonnenfeldt is the Founder & Chairman of TIGER 21, the premier peer membership organization for UHNWI and high-net-worth wealth creators and preservers. He is a serial entrepreneur, philanthropist, political thought leader, and the author of Think Bigger: And 39 Other Winning Strategies from Successful Entrepreneurs. Watch clips:Feel insecure? Buddhist tipNever go broke: The 2% RuleFinancial advisor responds to 2% RuleTopics & Timestamps:(0:01) Announcement. Book a call with a financial advisor at satovsky.com or call 212-584-1900(2:33) TIGER 21's purpose(7:00) Prism metaphor (after liquidity event)(9:10) Children inheriting significant or vast wealth(10:35) TIGER 21 members' collective net worth passed $150 billion, 1300 members(11:05) The 2% Rule(13:33) American Dream(17:11) MUUS CLIMATE PARTNERS(20:57) Enough-ness(23:39) Exponential nature of climate change(27:03) Meditation, therapy(29:00) MentorshipYour host:For over 25 years, Jonathan has started with a simple question – How can I help? His life’s passion is to solve challenges for others and unlock people’s potential to pursue their dreams. Jonathan has grown a loyal and committed clientele of family-based, multi-generational relationships. He serves as CEO and Chief Behavioral Coach of SAM.Connect - Michael Sonnenfeldt:sonnenfeldt.comtiger21.comX: @mwsonnenfeldtLinkedInBook: Think BiggerConnect - Jonathan Satovsky:Podcast: satovsky.com/podcastSatovsky Asset Management: satovsky.comBlogX: @jonsatovskyInstagram: @jonsatovskyLinkedInDisclaimer

Ryan Nece, a former NFL linebacker turned venture capitalist, discusses his transition from sports to business and common challenges for retired athletes. We explore the importance of teamwork, resilience, and the "next play mindset." Ryan shares stories about his family, emphasizing empathy and inclusivity taught by his mother and the guidance from his father, Pro Football Hall of Fame safety Ronnie Lott.Video clips:The people in your huddle"A giving hand is never empty"“The game was like a drug”Picked last for the teamTimestamps:(03:00) Sports mindset in life and business (VC and charity)(06:00) Pick the kid who gets picked last (Ryan’s greatest lesson - mother)(12:00) Athlete career transition challenges(15:00) Chasing significance after sports(18:00) "Get by giving"(20:00) Next Play's investment opportunities(25:30) Who’s in your huddle? (Failure - Detroit Lions)(28:30) Loving negative feedback (carefrontational)(32:00) “The game was like a drug” - life after pro sportsYour host:For over 25 years, Jonathan has started with a simple question – How can I help? His life’s passion is to solve challenges for others and unlock people’s potential to pursue their dreams. With a commitment toward immersive research, continued education, and client service, Jonathan has grown a loyal and committed clientele of family-based, multi-generational relationships. In his dual role as CEO and Chief Behavioral Coach of SAM, Jonathan provides leadership, coaching, advanced financial planning, and oversight across client relationships and business operations. Connect - Ryan Nece:Next Play CapitalRyan Nece FoundationLinkedInIG @ryanneceX @ryanneceConnect - Jonathan Satovsky:Podcast: satovsky.com/podcastSatovsky Asset Management: satovsky.comBlogX @jonsatovskyIG @jonsatovskyLinkedInDisclaimer

John Slattery is a critically acclaimed actor, director, and producer, widely recognized for his unforgettable portrayal of Roger Sterling in the series “Mad Men”. With a successful career spanning decades, John's versatile talent has garnered him prestigious accolades, including a SAG Award and four Emmy nominations.Jon Satovsky delves into Slattery's career, changes in the entertainment industry, and the impact of AI. Plus, the financial instability many actors face. Hear about John's latest film starring Jon Hamm and Tina Fey, "Maggie Moores", his experience as a director, and how fatherhood has influenced his perspective on the industry.Watch clips:"I was terrible." Slattery's 1st Audition: https://youtu.be/0n_6HXrRe80Conflict on the set of "Mad Men": https://youtube.com/shorts/5yyGKSPaH2YEmbarrassing early performances: https://www.youtube.com/shorts/5j86X4u_XmUWill AI Replace Human Writers?: https://youtu.be/eQN_fA3EnkYTimestamps:(2:19) Changes in show business(5:22) Impact of AI in entertainment(7:57) Success of “Mad Men”(10:59) Challenges of being a working actor(11:41) Keeping out of whiskers - the challenges of financial stability in the entertainment industry(14:55) Navigating ups and downs of show business career(23:46) Directing vs acting(24:41) Raising a child in the industry(28:27) Reading the newspaperYour host:For over 25 years, Jonathan has started with a simple question – How can I help? His life’s passion is to solve challenges for others and unlock people’s potential to pursue their dreams. With a commitment toward immersive research, continued education, and client service, Jonathan has grown a loyal and committed clientele of family-based, multi-generational relationships. In his dual role as CEO and Chief Behavioral Coach of SAM, Jonathan provides leadership, coaching, advanced financial planning, and oversight across client relationships and business operations. John Slattery:IMDBConnect - Jonathan Satovsky:Podcast: satovsky.com/podcastSatovsky Asset Management: satovsky.comFree audiobookBlogX: @jonsatovskyInstagram: @jonsatovskyLinkedInDisclaimer

From Prince's law firm to the world of venture capital: hear Lorine Pendleton's unique career trajectory and impact on the startup ecosystem. She was named by Marie Claire as one of the “Most 50 Connected Women in America" and by Business Insider as one of the “22 Female Angel Investors Every Startup Founder Should Know.” Lorine is the NY Chair at TIGER 21.Watch clips:What a Top VC Looks forTrillions Lost to U.S. Economy!"Is this a hoax?"2 Ways TIGER 21 Members Generate WealthTimestamps:(2:00) Lack of funding for black founders(3:08) College radio deejays(4:01) Mentor: Londell McMillan, entertainment attorney for Prince and Stevie Wonder(9:45) mp3 and tech(13:30) Mentors / sponsors(16:33) Funding gap for women(19:15) Investing process(22:20) Lessons from a failed investment(24:10) IntuitionLinks:Women get 2% of VC funding: pitchbook.comFirst Round Capital- 10 Years StudyIBM study: Women in LeadershipGuest: Lorine Pendleton:lorinependleton.comportfolia.coX: @lorinependletonLinkedInHost: Jonathan Satovsky:Podcast: satovsky.com/podcastsatovsky.comFree audiobookBlogX: @jonsatovskyInstagram: @jonsatovskyLinkedInDisclaimer

Learning what is true should always take precedence over being right. Jeffrey Stern is co-founder of Axuall, a healthcare workforce intelligence startup with $41 million in funding.Topics:Unknown unknownsAxuall: automating verification process for healthcare professionals"Move fast and break things" tech cultureBeing a flâneur, biomimicry, and investment strategiesWatch clips:How Do You Minimize Startup Failure?Walking without purposeEntrepreneurs Need This. "Follow Your Natural Drift."Netflix vs. Sleep! Attention EconomyTimestamps:(5:24) The problem Axuall is trying to solve in healthcare(12:06) Natural drift and passion. Charlie Munger, Steve Jobs, Paul Graham.(12:58) Ideas from within vs without(15:00) Move fast and break things vs. going slow to go fast(23:20) Flâneuring(25:26) Biomimicry(29:49) Investing frameworks and power law risk return profiles (Munger)Your host:For over 25 years, Jonathan has started with a simple question – How can I help? His life’s passion is to solve challenges for others and unlock people’s potential to pursue their dreams. With a commitment toward immersive research, continued education, and client service, Jonathan has grown a loyal and committed clientele of family-based, multi-generational relationships. In his dual role as CEO and Chief Behavioral Coach of SAM, Jonathan provides leadership, coaching, advanced financial planning, and oversight across client relationships and business operations. Connect - Jeffrey Stern:jeffreys.pageLinkedInPodcastAxuallX: @sternJefeConnect - Jonathan Satovsky:Podcast: satovsky.com/podcastSatovsky Asset Management: satovsky.comFree audiobookBlogX: @jonsatovskyInstagram: @jonsatovskyLinkedInDisclaimer

Joel Greenblatt is a preeminent investor, author, and educator, best known as the founder of Gotham Capital, an investment firm that achieved remarkable returns for over two decades. He's written highly acclaimed books such as “The Little Book that Beats the Market” and “You Can Be a Stock Market Genius.” Joel co-founded the Value Investing Program at Columbia Business School.Topics:Strategies behind Joel's enviable track recordInterplay between quantitative and qualitative methodsAge-old debate between active and passiveWatch clips:How Joel Greenblatt Picks StocksJoel Greenblatt's Easiest Investment: Rich Pzena Story"Market was down 10%; we were up 115%"Should you index or actively invest?Timestamps:(2:00) Joel's pivotal books(5:30) Investor behavior(8:00) Behavioral pitfalls, S&P 500(9:30) Patience(14:00) Stock picking(15:30) Margin of safety(17:00) Active investing vs indexing(20:30) Long-short strategy(23:30) Valuations(28:00) Book recs: 17 Books That Every Investor Should ReadYour host:For over 25 years, Jonathan has started with a simple question – How can I help? His life’s passion is to solve challenges for others and unlock people’s potential to pursue their dreams. With a commitment toward immersive research, continued education, and client service, Jonathan has grown a loyal clientele of family-based, multi-generational relationships. In his dual role as CEO and Chief Behavioral Coach of SAM, Jonathan provides leadership, coaching, advanced financial planning, and oversight across client relationships and business operations. Connect - Joel Greenblatt:“The Little Book that Still Beats the Market”Gotham FundsLinkedInConnect - Jonathan Satovsky:Podcast: satovsky.com/podcastSatovsky Asset Management: satovsky.comFree audiobookBlogX @jonsatovskyIG @jonsatovskyLinkedInDisclaimer