When Your Net Worth and Your Self Worth are Aligned with Myra Salzer. Ep. 175

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Welcome back! This week’s episode guest, Myra Salzer, is founder of The Wealth Conservancy, Inc., she is a Ted X Speaker, and an advocate for inheritors navigating the complexities of wealth. Through her firm she offers life and financial coaching to help clients harness their inherited assets and pursue meaningful goals. Myra is the author of four books including; Living Richly: Seizing the Potential of Inherited Wealth, and regularly speaks on wealth prejudice and financial empowerment. When she’s not advising clients, Myra enjoys the Colorado Foothills sharing her home with her husband and dog. Tune in!

In this episode…

• Stages of a Relationship with Money
• Wealth Creator 
• Throwing Money at Problems to Make Them Go Away
• Feeling Empowered to Delegate
• Wealth Prejudice
• People’s Intentions with Wealth
• Dating Instincts: Primal Drive Behind Attraction
• Philanthropy of Wealth 

Quotes

“Accepting that [wealth] is a part of who you are, it’s not who you are, its a part of who you are.” –Myra Salzer

“A person without those financial resources has to figure out a way to solve the problem, the wealth owner doesn't necessarily have to, and oftentimes the inheritor did not get the skill set to solve the problem any way other than throwing money at it.” –Myra Salzer

“I think it's easy to run away from a problem if you can just pay to have it resolved.” –Nikki Spo

“Society I have a question for you: is it okay for a woman to fall in love with a man who happens to be wealthy? Conversely, men are physical people, they’re not looking around saying “let me find the least attractive woman I can.”” –Nikki Spo 

“Wealth Creators are future focused and abundance oriented, whereas an Inheritor is legacy focused, and scarcity focused.” –Myra Salzer

Timestamps:

0:00 - 0:17 |  “If You Have Enough Money to Solve a Problem, You Don’t Have a Problem”

0:17 - 0:37 | Message from Sana Skin Studio

0:37 - 2:54 | Intro

2:54 - 7:15 | About Myra’s Book/Innocence and Denial Stages in Relationship with Money 

7:15 - 10:51| Shame & Embarrassment in Wealth

10:51 - 11:58 | Ignorant Acceptance Stage

11:58 - 12:42 | Learning Growing Stage

12:42 - 13:46 | Integrated Authority Stage 

13:46 - 15:54 | Different Ways People Come into Inheritance & Still Feeling Undeserving

15:54 - 19:34 | Psychology & Challenges Behind Families with Wealth

19:34 - 20:51 | Money as a Problem Solving Skill

20:51 - 21:55 | Message from Sana Skin Studio

21:55 - 24:23 | Paying to Have Issues Resolved have Costs in the Long Run

24:32 - 25:27 | Being Empowered to Delegate the Areas They Don’t Want to Do

25:27 - 27:22 | Wealth Prejudice

27:22 - 29:51 | Why Myra Represents a Demographic Very Little People Have Sympathy For

29:51 - 30:57 | “Gold Digger” vs. Falling in Love with Someone Who Happens to be Wealthy

30:57 - 32:58 | Primal Drive Behind Attraction

32:58 - 34:53 | Wealth Creator vs. Inheritor 

34:53 - 36:18 | People of Wealth & the Concept of Giving

36:18 - 38:37 | Philanthropy & Wealth cont.

38:37 - 42:38 | Challenges Inheritors Face & How to Overcome Them

42:38 - 43:46 | Outro

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