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Podcast: Wealth Formula Podcast
Episode: 075: Maslow's Hierarchy of Investing with Mike Ayala
Description: In 1943, psychologist Abraham Maslow published a paper called "A Theory of Human Motivation." In this paper he described, what has come known as, Maslow's Hierarchy of Needs. Basically its a pyramid structure describing different human motivation drivers. At the bottom of this pyramid lies physiological needs--food, water, etc. The next level up is safety and security. In other words, you need a roof over your head. The pyramid continues upwards to its pinnacle, self-actualization--the ability to focus on one's mission in life. I call this true wealth. After all, it's tough to focus on your mission in life when you...