Anthony Damtsis - Building Wealth Confidence: Key Strategies to Boost Your Financial Mindset

Tune in to hear: - Why do only 13% of American millionaires describe themselves as wealthy? Why don’t we recognize our abundance for what it is? - What is wealth confidence and what are its broader implications within portfolio management? - Wealth confidence is definitely somewhat correlated with portfolio performance, but why is net worth alone not a sufficient measure for one’s wealth confidence? - Is there a sense in which $1,000,000 doesn’t actually get you that far with the rapidly increasing costs of living an upper-middle class lifestyle? - When there’s a disconnect between composure and capacity, should you accommodate the personality preference, the facts on the ground or land somewhere in the middle? - If we want to be content and confident with our money, what type of environment should we cultivate for ourselves from a social comparison standpoint? - Does Anthony have any other practical takeaways from his research for those looking to increase their wealth confidence? https://www.td.com/behaviouralfinance Compliance Code: Code: 3239-OAS-12/5/2023