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

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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.

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The School of Greatness Podcast

“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…

Continue Seeking Greatness:

• Coined: The Rich Life of Money and How Its History Has Shaped Us
• The Offense of the Drum
• Thinking, Fast and Slow
• Brian Knutson
• Looking Backward (Dover Thrift Editions)
• Muhammad Yunus
• FOLLOW KABIR

Website | Facebook

• Check out Onnit and their optimal performance products. Use the code “greatness” to get 10% off your next order:

• Music Credit: Samurai (Sick Taste) by AmThat

You may also like these episodes:

• 7 Simple Steps to Master the Game of Money with Tony Robbins
• Ramit Sethi on Building an Empire, Powerful Habits, and the Art of Becoming the Best
• James Altucher: Be Happy, Make Millions, Live the Dream

Did you enjoy the podcast?

I may not be a history buff, but I found Kabir’s stories fascinating. It has me really thinking about how money affects us mentally and how to think positively about money. What did Kabir say that made you think differently?

 “Greatness is accumulated over the long run.”