Believing in Your Abundance with Joel Salomon
Do you ever struggle with your relationship with money and finances? Letting fear, the idea of lack, control your decisions? This negative mindset around money is an easy one to slip into, but there’s no benefit in thinking this way. If you’re living in this cycle of needing more and more to be happy, how do you get off the hamster wheel and start living in the present? My guest today, Joel Salomon is here to delve into ways to change your mindset around money, and start living, and more importantly believing that you can achieve financial freedom.
Joel is a prosperity coach and the best selling author of Mindful Money Management: Memoirs of a Hedge Fund Manager. In 2012, he opened his own hedge fund, SaLaurMor Capital (named after his daughters, Lauren and Morgan) and was able to outperform the hedge fund index generating positive returns for his investors, even in a poor economic climate. After a transformative experience at a personal development conference in 2015, Joel felt pulled to shift his focus to assisting individuals as a prosperity coach.
He’s now committed to helping over 100,000 people become financially free, which is an admirable goal to be working towards. Joel works closely with his clients to help identify and overcome the roadblocks standing in their way of personal financial freedom. He aims to educate not only on the basics of personal finance and investing, but also the most important thing - that your beliefs and your faith in what you want in life, will get you what you want.
To learn more about Joel and the work that he does, head to his website.
SOME TOPICS WE COVERED:
The importance of serving others, to create abundance for yourself
You don’t need an institution in order to invest wisely, you can learn to do it yourself
Belief in a positive outcome is paramount
Focusing on abundance, instead of lack
Living your life “as if” you have already achieved your goals
How The Secret changed Joel’s life
Money has energy
Having a purpose for your desire to be financially free
You don’t need everything immediately, practice patience
Expressing gratitude every, single day
Enjoying your journey on the way to the end result
If you have more, you can do more for others
BOOK RECOMMENDATIONS FROM THIS EPISODE
Think and Grow Rich by Napoleon Hill
Infinite Possibilities by Mike Dooley
Wishes Fulfilled by Wayne Dyer
Mindful Money Management by Joel Salomon
The Secret by Rhonda Byrne
Joel: For some reason, people think about money differently than they think about anything else in the world. Yet it's energy just like anything else.
Vitina: Namaste and welcome, I'm Vitina Blumenthal and you're listening to the Soul Compass podcast. I'm here to help you find your inner calm and deepen your self-discovery journey. Take this moment and focus on yourself. For your mental health, your ability to find ease in your everyday life and your emotional well-being. It is so important that you nourish yourself not only physically but also emotionally and mentally. Here at Soul Compass, you'll learn practical tips from experts who will leave you with a sharper focus and a renewed commitment to yourself.
Do you ever struggle with your relationship with money and finances? Letting fear, the idea of lack, control your decisions? Or maybe you get the thought that peeps in that you'll be happy when you have "X" amount of money. Often when you're serving from a place of love, starting a heart-centered business and going after your purpose your relationship with money can be challenged. Today I'm here with a professional manifester. Well, that's the title I'm giving him. He's a prosperity coach and the best selling author of Mindful Money Management: Memoirs of a Hedge Fund Manager
He works closely with his clients to help identify and overcome the roadblocks standing in the way of personal financial freedom. Financial freedom is something that looks so different to each person. During his years as a successful portfolio manager, his initial dream that was planted back in the 1990s was to start his own hedge fund. This manifested itself in 2012. In 2016 he shut it down to pursue his current dream. This incredible being is committed to helping over one hundred thousand people become financially free.
Today we'll go over: what's getting in the way of reaching the abundance you envision, two key ingredients when creating your financial plans, the misconception of manifesting and a practical exercise that will help you get clear on your financial beliefs. And if you stick around to the end of the episode this lovely human is offering a very generous giveaway to our listeners. Today, I'm so excited to introduce you to Joel Salomon.
When I think of the finance world Joel, I often think of it being so left field especially compared to spirituality. Maybe not so much self-development in that world. I think what's really interesting about what you're doing is combining both worlds which is what we're really about here at Soul Compass, is combining these Eastern mindfulness practices into the reality of our Western culture. In your journey what made you shift to really focus and hone in on the mindfulness space to get to where you are today?
Joel: Sure Vitina, and first of all thank you for having me on. I'm really grateful for you for letting me share my message to the world, so thank you for that.
First of all, I did want to say and I like to start every conversation I have with how I am so grateful for my daughters. I am a very proud father of two beautiful caring, thoughtful, affectionate, powerful manifesters - Lauren and Morgan and my company is actually named after them it's SaLaurMor for Lauren and Morgan. I feel like they were born yesterday but they're now 13 and 15 and they have shown me what unconditional love is. That has been an important part of my journey as well. And I think love...It's a pithy saying but love does conquer all. I come from a sense and a point of view of love.
To answer your question, I have had a lot of things on my journey that has gotten me to where I am today. But one particular event that happened did really change my life and that was in December 2015. I was at a personal development conference while I was managing my own hedge fund. For listeners, a hedge fund is basically I was managing money in stocks and betting that some stocks were going to go up and other stocks were going to go down. So that if the stock market went up or down we could make money, and we actually did make money. In 2008 when the stock market was down 40 percent, financial stocks were down 57 percent and I was only managing financial stocks. We were up a few percent that year and my former colleagues tell me that's my one of my claims to fame.
Anyway, so I'm working as a hedge fund manager and it's all about the analysis and the logic - that part of the brain. Two things happened at that conference that that really did change my life. One was we had a guest speaker speaking about stocks and stock options. And the conference was really about how to get my hedge fund to the next level, how to improve your communication, how to be a better employer, tow to be better to your employees all about communication.
So this was a complete kind of aside where this guy came in and when he talked about stock options, in particular, he made it sound like it was a get rich quick scheme. You don't need much time, you don't need much money. This is how the rich people get rich and options are essentially riskless. This was day two of the conference. I had people tap me on the shoulder and whisper in my ear because they knew I was a hedge fund manager, "Is this true? Is this reality?" and I said, "No please don't do this but we'll talk afterward".
So after he was finished we went outside and I said, '"He has no idea about your cash flow, earnings, assets, and most importantly has no idea about your belief systems around stock options. We can get into beliefs in a little bit, but that is what's really critical.
The second thing that happened at that conference was we were given a wooden board about two and a half inches thick and we were told that we had to break this wooden board with our bare hands. On one side of the board, we had to write our biggest obstacle, and on the other side of the board, we had to write our ultimate goal. The exercise was called obstacles or illusions. On one side of the board, I wrote my biggest obstacle was raising enough money for SaLaurMor Capital - my hedge fund. On the other side of the board, I wrote my ultimate goal was to help at least one hundred thousand people become financially free, including the people in that room.
I broke that board, I went home that night and I realized it was a non sequitur. Why did helping my hedge fund raise more money have anything to do with helping these people in this room and all the people I wanted to help? Then I also realized that I could be more authentic if I got up the courage to speak in front of people. I had at the time a big fear of public speaking. I could do a much better job than that guy who was at the very least being misleading, one could say he was actually lying to all of the people in the room. So I literally went into my office the next morning, I sent an email to my investors telling them I'm giving them their money back. I'm shutting down my fund. I found out my true purpose in life.
So that's what I'm doing now. I'm a prosperity coach and my goal is to help at least one hundred thousand people become financially free by teaching them not only the basics of personal finance and investing, but also teaching them the most important thing - that their beliefs and their faith in what they want in life will get them what they want. I talk to them about energy and vibration, intuition and all the things that you know very well about, but I apply them to money. For some reason, people think about money differently than they think about anything else in the world. Yet it's energy just like anything else.
Vitina: It's so true. Many of our listeners are creators, entrepreneurs, and heart-centered business owners, or whatever they're doing they're running from a heart-centered place. It seems that there's always a conflict with finances when you're doing something from a heart-centered place because you know you're doing it for a larger bigger picture. But in our Western culture, we need money to survive. Especially if you live in New York, or Toronto, or any big city. We need those finances to survive in this culture.
I'm really just curious to know how you're helping people because I know I struggle with this too - finding my worthiness and my worth for that financial exchange. I'm just curious to know your process through this journey and how people that are running heart-centered businesses can be more successful when building their business or their passion?
Joel: I come at it from a point of view of service. Most of my life I've had this negative attribute attached to sales and everything I believe is either a limiting belief or an empowering belief. So there may have been some experiences early in my life that caused me to have limiting beliefs around sales, but when I started my hedge fund I knew that at the time it was my dream job. I knew it was my purpose at the time and I had this dream for 15 years and so when I got to a position where I could do it, nothing was going to stop me. There was no way I was going to give up.
I came at it from a point of view - I'm helping people. I can help people by doing this, and that's where I am right now. I come at it from a point of view of I'm coaching you so that I can help you become financially free. I'm giving you the knowledge and the wherewithal to do it yourselves. That's actually a chapter in my upcoming book, The Nine Money Rules That Millionaires Use. Rule number eight is DIY investing. I was going to call it fourth-grade education because that's all you really need. You need to be able to multiply, divide, add and subtract to be able to invest. All of a sudden people have a blank stare on their face when you start talking about investing. If they haven't learned about it, but all you need is a fourth-grade education and you can do it yourself.
For me, I want to teach people. That may be too strong a word, but I think it's provocative. They've been lied to. By the institutions that have trillions of dollars of their money and for a purpose: to make money for themselves. They're not working for you. I teach people that you can do it yourself. I empower people, and by being of service to others it really makes me feel good by doing good for others.
Vitina: That's such a key thing that I personally have learned along this journey too when I've gotten out of my own way. The essence of creating a business is to be of service to others whether you're dyeing someone's hair, doing someone's nails, to being a prosperity coach and everything else in between. You're really there to help serve people.
I'm just curious because investments can be very, very scary. If we need only a fourth-grade education for this, what are things to avoid when looking to make those financial decisions?
Joel: Well again I think it's back to beliefs and faith. I tell the story about two guys who bought bitcoin. Bitcoin is a cryptocurrency. I'm sure many of your viewers and listeners will know about it. It's a non-material currency. Anyway, the story is two guys buy Bitcoin on November 27, 2017. On this day Bitcoin is at $8000 and the first guy has done as all his research, he's read the white papers. He knows he's going to make money on Bitcoin. So I ask my clients to write down on a scale from 1 to 10 where 1 is massive doubt (there's no way I'm going to make money on Bitcoin), And 10 is absolute faith. There's a knowing that you're going to make money.
So this guy's a 10. He has absolute faith. He knows he's going to make money. Now the second guy he's got a tip from a buddy of his saying, "Dude, you've got to get involved. It's up eight times already this year and it's November 27. It's going higher. Get involved". The guy says, "I don't know, it seems risky, it seems speculative. Okay, I'll do it." Now, a few days later bitcoin goes from $8000 to $10000 and the first guy says, "See I told you I was going to make money on Bitcoin". The second guy says, "Oh I hope it doesn't go back down".
A few days later bitcoin is back down at $8000. The first guy says, "This is the best buying opportunity out there," and he buys more. The second guy, he sells. He is so grateful he didn't lose money on Bitcoin. Three weeks later, bitcoin is at $19,500. The first guy has made over two hundred and fifty percent on his money in one month. Two and a half times his money, and he sells them.
So the point of the story is, no one does this with investments. But I tell my clients to write down the level of belief in every single investment they own and every single investment they're thinking about owning. Whether it's a stock, a bond, real estate, a cryptocurrency, commodity, or whatever it is. If you're not at 8, 9 or 10, if you don't have a strong belief, you're going to have doubt and you're going to be making wrong decisions. When you should be buying it, you sell, when you should be selling, you buy.
It all comes down to belief, and belief is just the thought that you tell yourself over and over again. I had a client come to me and say the stock market is risky. Well, that's your belief and I will tell you I personally made a ton of money in the stock market. So, do I believe that the stock market is risky? No, because I know there are lucrative opportunities that come my way every day. Until I get her to change her belief around the stock market, I won't even talk to her about what the mechanics are of the stock market. We'll talk about real estate or other types of investments.
So belief is critical.
Vitina: It sounds like maybe from person 1 to person 2 in the Bitcoin example it might be their relationship around money. It sounded like there's almost like a sense of lack, and fear of not having enough which is a struggle for a lot of people. I'm not sure if you've noticed that in the people that I'm sure you've worked with. How do you coach people around their relationship with money? Because I think that's a huge struggle for many people, and especially when you're starting a business. Perhaps you're a startup and maybe you're bootstrapping your business and you're not actually looking for investor money, how do you go about talking someone through that?
Joel: So a few things. One: I have a survey that I ask people to fill out before they come to me, and we actually do a session. It's called my Financial Freedom Survey, and there are three parts to it. But the most important part of this part of the conversation is the questions around your subconscious beliefs around money. Some people have called me the "Money Shrink" because I get into your thoughts and fears around money. What are your beliefs around money currently and what are your subconscious beliefs that were taught to you, because we were all taught about money growing up.
Now I have actually had sit-downs with my daughters, but I'm pretty sure ninety-nine plus percent of the world has not done that. You learn by observing. When you're two, three, four, five and six. I asked my clients what is your first money memory? Do you remember your first gift or you're in Toys R' Us thirty years ago, and your mom says, "We can't afford that that's too expensive". That may be ingrained in you. You may have heard that five, ten, one-hundred times, so now your focus is of lack. As opposed to knowing.
I give this metaphor for that a lot of people go to the ocean with a thimble that has holes in it. As opposed to going to the ocean with barrels, or buckets. It's the same thing with money. Money is almost infinite right, but we have this subconscious belief that we were taught growing up about lack. There's never going to be enough. We can't afford that. As opposed to what I tell my daughters, "It's not a priority right now". We can afford it. My oldest daughter wanted a sweatshirt that was a little expensive. Let's save up for it. It's not a priority.
Second: as opposed to, "We can't afford that. That's too expensive”. Money doesn't grow on trees. Actually, it does. It's made of paper so it does grow on trees. I have this quote and in my upcoming book as well, The Nine Money Rules That Millionaires Use, I say if you gave every person on earth, all seven point five billion people a million dollars that's equal to the net worth of the world. So everyone could be a millionaire and money is almost created every day by ideas. Ideas create a thought, creates a thing. And then it becomes into physical reality. So we talk about subconscious beliefs.
The other thing I wanted to mention is, okay so you're a startup and I started my own hedge fund, and now I started prosperity coaching. How do you deal with the fact that you don't have the millions of dollars for your funding, or the hundreds of thousand dollars, or the tens of thousands of dollars? Here's my story. When I started my hedge fund I had two companies that had orally agreed to give me money. This was in the fall of 2012 and I was all set. I hired a lawyer, an accountant, a fund administrator, a compliance person. I had even been all set to hire an analyst, and I was about to move into a commercial real estate space in midtown Manhattan. In fact, I did move into that space on December 17, 2012. Within days of having that happen both investors backed out. I was basically sending them the agreements and they said, "No we're not interested anymore". I had committed to lawyers, and accountants, and auditors, and this prime real estate space on Fifty-Fourth and Madison Avenue in Manhattan, and I had no money coming in.
I had no investors and had no pipeline because I thought I had these two investors. I already mentioned that this was my dream for the last fifteen years. So on a level of belief from one to ten, I knew I was a ten that this was happening, but what did I do? I acted, "as if," and this is another chapter and rule in my upcoming book. It's called Creative Visualization. Creative visualization and acting, "as if". So I acted as if we already had the money. I hired the analyst that I was going to hire anyway and in January of 2013, we had a call, to discuss our investments as if we were already invested. We went out to conferences and we went with the companies that we were "invested in", and we did something even crazier. I put together a spreadsheet and I calculated our performance as if we were already invested in all these stocks. I would say to my colleague, Sean "We had a terrible day today. We've got to do better. What are we going to move around to make tomorrow a better day"? or, "Sean we had a great day today. Keep it up". We acted as if we were already invested.
Then on January 25th, we had a great meeting with a potential investor and within ninety days we had a signed, written agreement from that investor and my hedge fund was up running less than two months after that. I truly believe by acting as if we had the money, we got the money.
The other thing I did was I visualized. I visualized not only by calculating the spreadsheet but I actually visualized. Going in the morning and rushing in to check stock prices and making sure I had all the information. I acted as if and visualized, and I think that's critical when you're starting up your new business too. Confidence and belief that it's going to come to fruition and you're going to have the number of clients, the business to scale so that it is generating cash.
Vitina: Yes, and I wanted to point this out because you visualized, which is so important but I'm not sure if you have ever read The Secret? It was a way into spirituality and manifestation, but the beauty of what you're saying is you are visualizing, but you are actually making steps towards whatever that was that you are visualizing. You aren't just putting it on a board and trying to manifest it and not actually taking active steps. I had a friend whose boyfriend had read The Secret, and he ended up quitting the job that he didn't like, and he's like, "I'm just going to stay at home today and visualize my dream life". He just quit his job to sit at home and visualize and not do anything.
It cracks me up because I can see where the conflict might have been when making that decision, but I wanted to emphasize that you are visualizing by taking those steps and those are so necessary. Using your willpower, that strength inside of you along with that visualization, that is often where that trust is meant to. I just wanted to point that out.
Joel: Perfect, because chapter six in The Nine Money Rules That Millionaires Use talks exactly about that. There is this misconception that you can just sit at home and visualize all day, and meditate, and act as if and things will come to you. You actually have to get out into the world and in Mike Dooley's best selling book, Infinite Possibilities, as I mentioned earlier I'm a trained certified Infinite Possibilities trainer. I believe it's Chapter Four where it's called Taking Action. I didn't say earlier in my story about raising the money that I took a fair amount of action. I was on the phone every day calling insurance companies, I was going to networking events, I was getting out into the world to do things. Yes, acting as if was critical but I didn't just sit at home. I went to those conferences, I pounded those phones, and I gave this whole story in my first book Mindful Money Management and how it actually happened. This was Chapter Two in Mindful Money Management - My Dream Job, Or Is It?
Let me tell you a little bit more about The Secret. I read The Secret in February 2008 and it talked about this guy who thought about this feather. Every morning he woke up, he thought about the feather and every night before he went to sleep, he thought about the feather. Day after day. And then one day he's walking down the street and he sees the exact feather he imagined in his mind and then it said, "You try," so I did.
In February 2008 I started thinking about pure white cotton balls. So every morning I woke up, thought about cotton balls, every night before I went to sleep, I thought about cotton balls. Day after day. Then it got warm enough in New York in April of 2008 that I used to go jogging with my daughters who were 2 and 4 at the time. Well, I would jog, they would sit in the jogging stroller and we go around this track. We get to this park. We'd run up the hill. We'd get to this playground and I'd get them out of the double jogging stroller. I pushed them on the swings, push them down the slide. Then they get back in, and I jog home. That was my break. Well, May 31st, 2008, we got to the park, we ran up the hill, we get to the playground and I'm getting them out of the double jogging stroller. I looked down and I see all over the playground tons of cotton balls, and to this day whenever I tell the story I still get chills. A thought had become a thing.
Then it said in The Secret that you can print out a cheque from the Gratitude Bank of The Universe on their website which I did and I put that cheque on my ceiling above my bed on June 1st - the next day of 2008. I said, "I don't know how, I don't know why, but I do know that money has energy". The same process that created cotton balls, creates money. The amount that I put on the check was multiples that I'd ever made in my life. Many multiples. I put that cheque up on my ceiling, and day after day I looked at it. As I described, early 2008 wasn't the best year on the stock market. I was working as a hedge fund manager at Citigroup and barely got a bonus that year. 2009 was a better year and I remember in January of 2010 my boss called me into a conference room. He said, "Joel you had a good year last year and he slipped an envelope to me. I opened it up and on the piece of paper was the amount within a thousand dollars of the cheque. I had up on my ceiling for the last 18 months.
Vitina: I just got chills.
Joel: Again a thought had become a thing.
The Secret had changed my life. Obviously, there was a lot of actions I took. You have to take action. I didn't just stare at the cheque. I got out into the world and I managed a hedge fund managing hundreds of millions of dollars, but I had faith. I had a strong belief. I had a knowing, and the money came.
Vitina: Woah. You had two young daughters. I'm not sure if you were or are married, but was that hard for your family, especially in 2008 when the stock market wasn't doing well? I'm sure that maybe some fears came out. Like you've come out and you've had this beautiful story that you've shared, but were there any fears that you went through during that time that maybe now looking back you're really proud of that you've overcome?
Joel: Absolutely, So, marital status - I got divorced in December 2007. A month later I started my first job where I get paid based on performance so I was barely getting a salary, but the upside was almost unlimited. The downside was limited I guess because I wasn't going to get less than my salary, but I could get fired, and people did get fired in November of 2008. Twenty-five percent of the workforce at Citigroup got laid off and four of my colleagues got laid off. So, it was a possibility.
That's the downside. Getting fired. So I had a strong, "Why". To pay my child support for my daughters who I loved dearly. Having a purpose is really critical. I have a big purpose right now to help at least one hundred thousand people become financially free. Then my purpose was my daughters.
To answer your question, I actually talked about this and I'm pretty sure most professional money managers will not talk about this, but there were times not only in 2008 but in years after that when I had my own hedge fund that I was fearful. I didn't take action because I was fearful. There were times in 2014 when I was managing my own hedge fund that I was losing money. day after day. There were some stocks I was betting that were going to go up, other stocks that I was betting were going to go down. It could have been like six days in a row that I should have flipped the portfolio. The ones I was betting were going to go down all went up, and the ones that I was betting were going to go up all went down. Day after day, after day. And so I got fearful and I stopped taking action.
What I talk to people about now is, "White knuckling it". Like you feel like you take action to make something happen where it's actually the reverse. You know, we talked a little bit about The Secret, hopefully your viewers and listeners know about Esther and Abraham Hicks. I'm actually going to see Abraham this coming Saturday in Greenwich Connecticut. They talk about vibration first, manifestation second. Feeling purpose.
We feel like we have to do, do, do. Like, if I have a million dollars then I'll be happy. A friend of mine said recently who graduated a year ago from an MBA program and hasn't gotten a job in a year, she said to me, "If I can just get that job, then I'll be happy". I'm like "No. If you can just be happy, then you'll get the job". Vibration first, manifestation second. When you stop trying so hard and you just let it flow, then it really comes in.
In 2009 when everyone was going crazy, markets up, down, the first three months the market hit its low for that financial crisis on March 9th, 2009 and then it proceeded to go up very strongly. Professional money managers weren't in position for a rebound, and then it went back down and up. All this craziness. I was calm because I had a knowing that ultimately at some point I was going to make all that money that was on that cheque on my ceiling.
It's getting in the flow and feeling this feeling as if it's already happened. Wayne Dyer in his book Wishes Fulfilled said, "Make your future dream a present reality by assuming the feeling of the wish fulfilled". See I had a knowing and I was so excited and ecstatic that I was going to be able to do all these things for my daughters. I could fully fund their college education. I saw it fully funded. I saw the trust set up. I saw that I could buy my parents a condo in Florida. I saw all these things before they happened, and then they did. I remembered being in the shower one morning and being so ecstatic like, "It's coming. I know it's coming. I don't know when," I would have been ecstatic if it happened in 2019, ten years later. It doesn't matter.
Vitina, how would you feel if five million dollars came to you tomorrow or ten years from now? It doesn't matter. It's just incredibly awesome. Feeling that feeling before it happens. Like, I'm single now but knowing that I'm going to meet somebody, feeling the feeling, it doesn't matter if it happens tomorrow, or next year, or five years from now. Knowing that now I'm going to be with another person who we're both raising the vibe of the world, that's awesome. So for me, it doesn't matter.
Vitina: That's one thing I wanted to point out too. Especially in our culture, we're so used to having things immediately, but often I find that's the struggle. We have a lot of female listeners. We have moms, and we have people that are single, but often I'll hear women say, "I'm manifesting. I know this person's going to come," but they're getting impatient and the vibration is just a little bit confused. It's almost like they're trying to trust but they're not fully trusting. We can't control time and we just have to trust and be on our journey and I think you just said it so beautifully. It doesn't matter if it happens tomorrow, it doesn't matter if it happens ten years from now, but you're trusting in that process of the journey, and your evolution as an individual.
Joel: Why is the doubt right? Have faith in your dreams and desires. Why when we start getting down, do we have faith in the doubt? Doubt the doubt. The doubt is not right. Your dreams and desires and your purpose are what you hear. So doubt the doubt.
Vitina: I wanted to go back as you said the website that you printed that cheque from was the gratitude bank, why is happiness and gratitude important for our financial plans?
Joel: Gratitude is rule number five in my upcoming book The Nine Money Rules That Millionaires Use. Think about it, you're grateful generally when something has already happened that you're grateful for. Something good happened and you're grateful, and that changes your vibration, that changes your energy, that changes your feelings and emotions. If you can be grateful now for what you want to happen, it's kind of like what Wayne Dyer said, you're feeling the feeling of the wish fulfilled. That's why gratitude is so important.
I recommend that I've been doing this since 2012, and it's writing down what you're grateful for every morning and every night. I write down five things and it does not to be different things, it doesn't have to be massive, huge things. Like, almost every day I write down that I'm grateful for Lauren and Morgan, but it could be at the end of the day, you had a rotten day and you could just say, "I'm grateful this day is over". It can be very simple things like being grateful it's a sunny day or being grateful that it's a snowy day, or rainy day because the weather shouldn't determine your feelings or emotions or how you're vibrating. Gratitude is one of the highest levels of vibration. I would say if it's not the highest along with joy and happiness, it's pretty high up there.
Here's my story from August 2015. I was managing my own hedge fund and I took two weeks off for the first time since I was managing money in 2008. One week I took with my daughters and we went to different amusement parks. I was present with them. I wasn't on my phone checking the stock prices. I focused on being present with them and enjoying all the different amusement parks we went to that week. Then the other week I was with a buddy of mine in Croatia. He's also a money manager and he may be the calmest money manager I know. Things were getting a little hectic towards the end of the week and we didn't check. We kind of had a vow that we weren't going to be watching the market, we were going to be present and enjoying the nature, and the natural beauty, and the manmade beauty, and just enjoying our time.
So that month, August 2015, the stock market was down 6.8 percent, almost 7 percent in a month. That doesn't happen too often, and my hedge fund was up 1.5 percent and I truly believe it was because I was happy. I was enjoying myself. I had taken two weeks off and was focused on being happy and we had our best relative month of the whole time I was managing money. I focused on that.
I go into it even further in this upcoming book. From the month before, July 2015, I was invested in this company betting that it was going to go down and it went up 30 percent. It got acquired, and I was sick to my stomach. I literally had tears in my eyes on the train on the way into the city that day, because I was so upset that I was losing money for my investors. I really put in practice starting that day, a lot of happy habits. It didn't work for a while, and I didn't see any immediate results in the days and weeks ahead. I was losing money for days after that, but I put in happy habits for myself. I listened to uplifting songs. I was meditating religiously every day for at least 15 minutes. I was visualizing. I was doing things that I enjoyed doing. I found something every day that I really loved doing. And then August happened.
It wasn't like it happens immediately. I knew that the vacation was helpful but all the things I did in July, set up my August and the future months after that. I truly believe that if you can be vibrating at some of the highest levels like gratitude and happiness, that what you want will come to you. It's not, "Okay if I get the new job, then I'm going to be happy. If I get a new wife or husband, then I'm going to be happy". No, it's the journey.
Enjoy the journey on the way to the end result. Actually, there's no end. Once you get the new husband or wife or you get the new job you'll want more. It doesn't ever end. Just enjoy the journey. If you can enjoy the journey then your life is magic.
Vitina: That's one thing I wanted to touch on too because often people think having a million dollars is what's going to make them happy. I know today's theme was talking about finances, and you work with large sums of money, but financial freedom doesn't necessarily look like a million dollars for everyone. Or maybe I'm wrong?
Joel: You're absolutely right Vitina.
First of all, let me be clear, I used to manage large amounts of money. I don't manage anyone's money now. I don't sell insurance, or annuities, or mutual funds, any of that. All I do is teach. I get confused with financial advisors and financial planners because I don't know if there's anyone actually doing what I do, which is just to teach. I'm there for my clients. I'm not trying to sell them insurance or annuities or funds or stocks or anything I want to empower them to know and believe that they can do what they want.
My second part of my prosperity coaching module is all about what you just talked about, is vibration first, manifestation second. It's using your intuition. Look it's okay to have money. A lot of people who are spiritual...and this is one part of my financial freedom survey. I have four statements. One of them is lucrative opportunities always come my way or money comes easily or frequently, but one of them is you can be spiritual and rich. And some people have actually said no, you can't. That is a massive limiting belief. Money is evil. The love of money is evil. I mean greed could be, but I think it's actually okay to love money if you then put it out into the world.
Giving is my rule number six. I actually say that if you give your money away, you actually will be financially free quicker. If money is just energy, you're putting it out into the world it must flow back to you. You can be spiritual and rich.
The one thing I've really harp on with my clients is, you can't help others by being destitute. My goal is to feed a town in Africa for the next generation. That's a goal, and when I get to my monetary goal, I can do that. If I'm destitute, I can't do that. If you're destitute you're not serving the world. You can't serve the world by sitting on a street corner homeless and begging for money. That is not serving the world. You can give a huge amount. I mean Warren Buffett is part of the 99 percent club. He's giving away 99 percent of his money. You can cure cancer, or heart disease, or any of the other ailments that are out there if you have money. You can't do that if you're destitute. I teach my clients it's good to be rich or in other words, it's good to be financially free.
I go to a lot of movies with my daughters and a lot of them have to do with money. The whole Robin Hood theme of taking from the rich and giving to the poor. You see it in TV shows and movies. A lot of the times the rich people are characterized as evil or greedy and so you're getting taught or programmed that way by the media. You need to be trained differently, to know that you were born abundant, and prosperous, and rich, and then you were taught from zero to ten and maybe even to this day, that you're not. But you are. You were born to be abundant and prosperous. You're not serving anyone if you're not.
Vitina: I really want to give our listeners something genius to take away. Is there an exercise or a process that has helped your clients that would benefit our listeners?
Joel: I think the belief one is really important. Write down your level of belief from one to ten. It can be investments. It could be anything. You have this idea, you have this new business idea, now try to meditate on it. On a scale of one to ten, write down where do you see your belief level? Ten is a knowing, an absolute faith that it's happening, and one is massive doubt. If you're not a seven, eight, nine or ten on your investments or on your new business idea then I'm sorry, it's not happening. You've got to get your belief up first. Your belief just comes from thoughts repeated over, and over again. That's all the belief is. That's my big take away is really understanding your belief level.
Vitina: That's a beautiful one too and I think about through my journey I started WanderfulSoul which is the umbrella of where Soul Compass sits, and I started WanderfulSoul officially in 2014, but that belief or this seed was planted in 2012. It's so funny because I had my parents questioning me, I had friends like, "What are you doing?"But I never once questioned it. It didn't matter what they thought. I just knew this is what I needed to do and this is how I was going to serve people. It has changed, it's taken a different form through all of the years and it's cost me a lot of money, but now I've had to work through my relationship with my finances and abundance. Through that process, that was part of my self-discovery journey that I can see where that relationship starts changing which is really beautiful.
Joel: So you doubted the doubt.
Vitina: I doubted the doubt.
Vitina: Tell me about your upcoming book and when is it coming out?
Joel: I don't have a date yet. We're currently working on the book cover and editing. I suspect it will be within the next three months.
Joel: You'll be able to get it on Amazon, along with my website. You could also go to http://joelsalomon.com/. For those of your listeners or viewers who are watching today. I'll give away five free copies of my existing book, Mindful Money Management. I'm also going to give away 10 free prosperity coaching sessions.
Vitina: Woah, that is very very generous of you. Thank you so much. We're going to get people writing in for sure. We'll put the details for that contest in the blog post or in the show notes, so you can check those. We'll run the contest maybe for a couple of weeks.
I love asking our guests what are even one or two books that have changed your life. I think we've talked about them, but what are the top two books that have changed your life that you would recommend?
Joel: Actually I didn't mention the book that got me to the secret was, Think and Grow Rich by Napoleon Hill. It's the original book on the concepts of the law of attraction. It was written between 1918 and 1937 by Napoleon Hill. He was commissioned by Andrew Carnegie to observe the richest people around the globe and then come back with the attributes of those people. It's funny because I remember reading the first few pages to my oldest daughter Lauren when she was probably six, and she said, "Dad, there's some energy in this book. It's really powerful". She felt it in just the first few pages. It's a book about all those characteristics but it has these stories that give you this feeling that you can do anything. That there are no limits. So, Thinking Rich would be one. I'd say Infinite Possibilities by Mike Dooley - the first chapter, Thoughts Become Things, and then he talks about emotions, and beliefs, and taking action. It's all about exercises that you can do. Which is awesome because a lot of times you get these spiritual books or these nonfiction books but they don't actually give you actionable steps to take. There are action steps throughout this book that are really powerful. Acting "as if" which I was doing even before I read Infinite Possibilities. I was doing acting "as if" in 2012. I read his book a few years ago. He talks all about this. It's pretty cool, there was a lot of alignment. So he started his career as an accountant and I started my career as an actuary. I don't know if you know the difference between an actuary or an accountant?
Vitina: I have no clue.
Joel: An actuary looks at his feet when he talks to you, an accountant looks at your feet when they talk to you. They say an accountant is an actuary with charisma.
Vitina: That's really beautiful, and it sounds like there are so many synchronicities between the two of you.
My last question for you is, what words or mantra do you live by?
Joel: Well I'd have to take the quote from Napoleon Hill's, Thinking Rich, "Whatever the mind of man can conceive and bring himself to believe, he can achieve."
Vitina: If people want to connect with you, where can they find you on social media?
Vitina: Thank you so much for joining us today and sharing your story, and vulnerabilities and fears. I know it's not always easy to share those things, so I appreciate you just being authentically you. You're inspiring us all just by being you.
Joel: Thanks Vitina.
Vitina: Okay, that's it for this week's episode. Remember, to stay inspired in between our episodes you can head on over to Instagram and follow us @yoursoulcompass and @wanderfulsoul. For free meditations and mindfulness guides, you can head over to wanderfulsoul.com.
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