Brett McKay here and welcome to another edition of the Art of Manliness podcast. Many people think

becoming wealthy is all about having the right job, inheritance, or just lucky breaks. And those

things can certainly give you a leg up. But according to my guest, the biggest key to building wealth is your mindset.

As research shows that even high earners can stay broke forever if they're trapped in poor thinking patterns,

while others can build lasting wealth on modest incomes by developing the right mental approach.

Brad Klotz is a financial psychologist, wealth manager, and professor, and the co-author of Start Thinking

Rich, 21 harsh truths to take you from broke to financial freedom. To end the show, Brad

explains the critical difference between being broke and being poor, how learned helplessness

keeps people financially stuck and practical ways to develop an agenic wealth-building mindset.

We also tackle thorny issues like the role of home ownership in building wealth

and how to handle relationships that might be holding back your financial future.

After the shows over, check out our show notes at at awem.is slash think rich. All right, Brad Clantz, welcome back to the show.

Excited to be here.

So you are a psychologist who specializes in helping people with their money issues.

And we had you on the podcast way back in 2019

to talk about this idea of money scripts. And that's episode number 529 for those who want to check

that out. You got a new book out called Start Thinking Rich, 21 harsh truths to take you from broke

to financial freedom. This is a book you co-authored. And you start off the book in the

introduction talking about the difference between being poor and being broke. What's the difference

between the two and why is it important? So our chapter titles are very insulting to poor people

and we felt like it was important to make a distinction here,

because I see it as two very different things. So broke is when you don't have any money.

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