The Power of Money on Your Mind, Body, and Soul with Kabir Sehgal

The Power of Money on Your Mind, Body, and Soul with Kabir Sehgal

Would you ever guess that one of the VPs at JP Morgan Chase has also authored children’s books?

Or that a Grammy-award winning jazz album producer has written a book that is slated to be one of the top 15 business books coming out this year?

How about that the guy who fits both of these descriptions has also traveled the world researching the origins of money and how it affects us?

Today’s episode on The School of Greatness is a fascinating conversation with Kabir Sehgal (all of the above statements about him are true).

His new book, Coined, looks at the neuroscience behind our relationship with money, where it came from, and where it’s going.

Even if you’re not into all that, you’ll be deeply interested when you hear Kabir explain how our brain reacts to even the touch of money.

I couldn’t stop asking him questions about his research, especially when he explained the idea of social debt being the biggest currency.

Welcome to the behind-the-scenes look at money and how it affects us in Episode 146 with Kabir Sehgal.

“The idea of making money is sometimes more powerful than the money itself.”

Some questions I ask:

  • What inspired you to write a book about money right now?
  • What did our brains value before money was around?
  • Why do people in Japan not want to give gifts?
  • What is the best way to manage money (for your mind, body, and soul)?
  • What’s the most powerful currency?
  • What did you learn about yourself and money in the process of writing this book?

In This Episode, You Will Learn:

  • The effect of money on your brain (there’s actual neuroscience behind it!)
  • What cognitive bias is – how we mentally inflate the probability of something happening if we are surrounded by it
  • We value losses twice as much as gains (where loss aversion come from)
  • The historical record of money – it’s been around A LONG time
  • The evolution of debt, trustworthiness, and how cultures are formed around those
  • Why he studied nature to understand money (this is where exchange starts)

“Energy is the currency of the natural world.”

  • The future of money – what will we use in 100 years?
  • That credit cards were first mentioned back in the 1800’s!
  • How religion and money are connected – money is a test to see if we’re worthy to get to the next level
  • Why, in America, your mental perspective of money shifts after you start making $75K

“The most powerful currency in the world is social debt.”

  • That money is a symbol of value
  • What you can learn about a culture from studying its coins
  • How the genetic lottery affects your opportunities to make money
  • Plus much more…

Interested in learning how to build a life and business around doing what you love? So am I. Let's connect.

This post was originally posted as blog post Lewis Howes.com. View original post here.

Image credit Pixabay

Lewis Howes is an online marketing expert, sought-after business coach, hugely popular speaker, podcast and webinar host, and lifestyle entrepreneur. A former Pro Football player, Collegiate football record holder, two-sport All-American, and current National Champion in Team Handball, he is the host of The School of Greatness podcast, which has been downloaded by over 5 million people since it first went online in January of 2013 (and receives 750,000 downloads per month). He was recognized in a 2013 White House ceremony by President Obama as one of the top 100 entrepreneurs in the country under 30. He is an author, angel investor and advisor to start up companies. He has built a multi-million dollar online businesses and named by Details Magazine as one of 5 Internet Gurus Who Can Make You Rich.

Lewis Howes is a Lifestyle Entrepreneur, sought-after business coach and host of the popular podcast The School of Greatness which gets 750,000 downloads a month. He is a former Pro Football player and current member of the USA Men's National Handball Team. He was recognized in 2013 by the White House as one of the top 100 entrepreneurs in the country under 30 and Details Magazine calls him one of "5 Internet Gurus Who Can Make You Rich.”



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