You're listening to A Book with Legs, a podcast presented by Smead Capital Management.

At Smead Capital Management, we advise investors who fear stock market failure.

You can learn more at Smeadcap.com or by calling your financial advisor.

Welcome to a book with legs podcast. I'm Cole Smead, CEO and portfolio manager here at Smead Capital Management. At our firm, we are readers, and we believe in the power of books to help

shape informed investors. In this podcast, we speak to great authors about their writings.

The late great Charlie Munger prescribed using multiple mental models and analysis.

We analyze their work through the lens of business, markets, and people.

How do you view wealth?

Is it a healthy view or is a damaging view?

This is what we'll discuss today as we talk about Start Thinking Rich, 21 harsh truths

to take you from Broke to Financial Freedom with co-author Brad Klontz. Now, before I have Brad

say anything, I'll give our listeners a little bit background on Brad. He's a clinical psychologist

by background. He's an associate professor of practice at Creighton University,

Heider College of Business, co-founder of the Financial Psychology Institute, and managing

principle of YMW advisors. Dr. Brad is a co-author and co-editor of eight other books on the

psychology of money. Brad, thanks for joining me today. I'm excited to be here.

So you, so I was mentioned this before. We are not the typical podcast to come out and do a

self-help book. And why I liked your book was the principles you dealt in and also really how

people evolve over their life.

We did a book, The Myth of American Inequality, with Senator Graham from Texas,

and he talked about how people will start in the lowest income quartile of their life after college,

or during college, and then they end up being in the highest income quartile.

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