Welcome back to another episode of Market Mondays! In this episode, hosts Rashad Bilal, Troy Millings, and Ian Dunlap delve into the powerful topic of mindset and its impact on financial decisions and life in general. This eye-opening discussion stems from a profound quote shared by one of their mentors: "Black people operate from a scarcity mindset, no matter how much they have. White people operate from an abundance mindset, no matter how little they have." Throughout the episode, the hosts break down this statement and explore its implications on various aspects of life, particularly in business and investing. Rashad shares a personal anecdote about a meeting with their mentor that led to this enlightening perspective. He explains how a scarcity mindset can trap individuals, causing them to panic and make poor financial decisions, such as pulling out of investments prematurely. On the other hand, an abundance mindset encourages perseverance and long-term planning, even during financial setbacks. Troy and Rashad tie this concept back to the stock market, illustrating how these mindsets can influence investment strategies. They discuss how a scarcity mindset might push someone to withdraw their investments at the first sign of loss, while an abundance mindset encourages buying more during market dips with the confidence that the market will eventually rebound. Ian Dunlap contributes to the conversation by stressing the importance of emotional intelligence and planning for the future. He shares his mantra: "Deserve to be happy. Deserve to be rich. Deserve to be wealthy." He emphasizes the necessity of preparing financially before disaster strikes and highlights the cost of not being rich, especially in a rapidly changing economic landscape. The hosts also touch on the broader impact of these mindsets beyond finances. Rashad notes how the scarcity mindset affects black communities in various areas, such as the music industry, where competition often leads to conflicts rather than collaboration. This mindset can hinder collective progress and prevent the community from achieving greater success together. This episode of Market Mondays sheds light on the deep-seated psychological barriers that can affect decision-making and success. By understanding and addressing these mindsets, individuals can make more informed choices, foster better financial habits, and work towards a more prosperous future. Tune in to gain valuable insights and practical advice on changing your mindset from one of scarcity to one of abundance. Whether you're an investor, entrepreneur, or simply looking to improve your financial health, this episode is packed with wisdom that can help you on your journey. Don't forget to like, comment, and subscribe for more thought-provoking discussions and expert advice from the Market Mondays team. Hit the bell icon to stay updated on our latest episodes. #MarketMondays #FinancialMindset #Investing #AbundanceMindset #ScarcityMindset #StockMarket #FinancialFreedom #BlackWealth #WealthBuilding #MindsetShift #BusinessStrategy #PersonalFinance #EmotionalIntelligence #EconomicEmpowerment #InvestmentTips #FinancialEducation --- This engaging and enlightening discussion is designed to inspire viewers to rethink their approach to finance and life. With actionable insights and relatable anecdotes, Rashad Bilal, Troy Millings, and Ian Dunlap provide a roadmap to cultivating a mindset that fosters growth and resilience. Stay tuned, stay informed, and let's navigate the path to financial freedom together! Our Sponsors: * Check out NerdWallet: https://www.nerdwallet.com Support this podcast at — https://redcircle.com/marketmondays/donations Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

In this power-packed episode of Market Mondays, we explore some of the most critical and timely financial topics affecting today's markets. First, we dive into the complexities of the Yen carry trade—discussing whether it's truly over or if there are more potential financial disasters waiting to unfold. We also reflect on the most significant trading lessons learned over the past week, offering valuable insights that can help you navigate the volatile markets. Amazon continues to make headlines with its bold moves in the tech and retail sectors, but why isn’t this reflected in the stock’s performance? We analyze what’s driving Amazon's strategies and the market's seemingly muted response.  With global inflationary pressures mounting and the threat of a recession looming large, we examine the critical role of gold in a well-diversified portfolio. How much should you allocate to gold, and why is it more important now than ever? We also share our top three stock picks to include in your portfolio as we brace for a potential economic downturn. As the Nasdaq shows signs of recovery, we debate whether the market has finally hit bottom in 2024 or if there’s more turbulence ahead. We also look ahead to market performance predictions for September and discuss the impact the upcoming election could have on your investments. Given crypto’s notorious volatility, should it be treated like options trading? We delve into whether cryptocurrencies should be viewed as long-term investments or if their unpredictability makes them too risky. If you could rely on only one indicator for trading success, what should it be? We reveal the tools that seasoned investors trust the most. In this episode, we also have a special segment with Jabari Johnson, CEO of R&B Only and COLORS Worldwide. Jabari shares his expertise on how data collection is transforming the live event industry, the challenges and strategies of venue booking, and what it takes to run successful large-scale events. His insights offer a unique perspective on the intersection of data, entertainment, and business. Finally, we round out the episode with a discussion on the stock market's wild week, offering actionable advice on what investors should do next. We also share our thoughts on the much-anticipated release of the iPhone 16.  #MarketMondays #Investing #Stocks #Crypto #Gold #Nasdaq #Recession #Amazon #iPhone16 #TradingStrategies #YenCarryTrade #EventManagement #JabariJohnson #RnBOnly #COLORSWorldwide #FinancialMarkets #InvestmentTips #LiveEvents #DataCollection Our Sponsors: * Check out NerdWallet: https://www.nerdwallet.com Support this podcast at — https://redcircle.com/marketmondays/donations Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy