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December 18th, 2024

Episode 105 – Joel Salomon – From Adversity to Abundance: Joel Salomon on Gratitude, Prosperity, and the Nine Money Rules for Success

  1. Episode 105 - Joel Salomon - From Adversity to Abundance: Joel Salomon on Gratitude, Prosperity, and the Nine Money Rules for Success Drew Deraney 34:03

Here’s what you’ll learn about:

Introduction and Gratitude (0:14)

  • Host Drew Deraney expresses gratitude for the introduction by John Phelan, a mutual acquaintance from Fairfield University.
  • Drew thanks Guest Joel Salomon for supporting his son with autism, highlighting Joel’s kindness and integrity.
  • Joel reciprocates the gratitude, praising the son and expressing pleasure in working with him.
  • Drew Deraney sets the stage for the conversation, discussing the concept of self-awareness and the three types of men: one with blind spots, one who sees adversity as victimhood, and one who sees opportunities in adversity.

Defining Moments and Personal Growth (1:55)

  • Drew asks Joel Salomon to share defining moments that shaped his perspective on life and personal growth.
  • Joel recounts his second divorce in December 2007, emphasizing the importance of taking full responsibility for his life and Relationships.
  • Joel shares his experience of worrying about not seeing his children after the divorce and how it led to negative future planning.
  • He explains how he learned to shift from negative to positive thinking, which positively impacted his relationship with his daughters.

Gratitude and Its Impact (5:40)

  • Joel discusses the importance of gratitude in maintaining a positive outlook and being present.
  • He shares a story about his daughter Morgan’s illness and how it taught him the value of gratitude and positive thinking.
  • Joel explains how he teaches gratitude to his clients and the scientific backing for its benefits, citing a study by Dr. Seligman.
  • He emphasizes the power of writing down what one is grateful for and the impact it has on brain synapses and overall happiness.

Transition to Prosperity Coaching (12:41)

  • Drew transitions the conversation to Joel’s journey from the financial industry to becoming a prosperity coach.
  • Joel explains his background in managing a hedge fund and the challenges he faced, including the 2008 financial crisis.
  • He shares how a Personal Development course in 2015 led him to realize his true purpose: to help people become financially free and educate them about money and mindset.
  • Joel discusses the importance of belief and mindset in achieving financial success and prosperity.

The Nine Money Rules for Millionaires (17:57)

  • Joel delves into the nine money rules for millionaires, which Joel has written about in his book.
  • He explains the first rule, belief, and its importance in manifesting money and prosperity.
  • Joel discusses the concept of working smarter rather than harder and how changing his mindset led to greater success.
  • He emphasizes the role of visualization and positive thinking in attracting what one wants in life.

Practical Advice for Achieving Prosperity (21:55)

  • Joel discusses practical advice for achieving prosperity and overcoming doubts and fears.
  • He advises listeners to watch their actions and how they reflect their beliefs about prosperity and abundance.
  • Joel shares a story about a client who changed his behavior to reflect prosperity Consciousness, even during financial challenges.
  • He emphasizes the importance of being self-aware and shifting negative thoughts and behaviors to positive ones.

Final Thoughts and Encouragement (26:38)

  • Drew asks Joel for advice he would give to his younger self and to young entrepreneurs.
  • Joel advises young Joel to have faith in his dreams and not to doubt himself, emphasizing the importance of positive thinking and taking small steps towards goals.
  • He advises young businessmen to listen to their soul rather than their ego and to remember their purpose in helping others.
  • Drew thanks Joel for the conversation and expresses admiration for his work and impact on others’ lives.

 

To learn more about Joel’s mission, go to his LinkedIn profile at https://www.linkedin.com/in/joel-salomon/     

 Or his website at https://www.salaurmor.com/money-miracles-membership/   

 

Joel’s Bio: Joel Salomon

Joel Salomon is a prosperity coach who helps others overcome obstacles standing in the way of their financial freedom. In 2021, Joel published Personal Money Management bestseller, Infinite Love and Money with Mollie Singh. In 2019, Joel published The 9 Money Rules Millionaires Use: Only The Unconventional Ones, which was a bestseller in both self-help and personal Finance. In 2018, he published Mindful Money Management: Memoirs of a Hedge Fund Manager, which also was a bestseller. 

Joel is an award-winning TEDx speaker and frequent podcast guest. He has led over 20 workshops teaching the concepts of how to overcome limiting beliefs. He has spoken at numerous Rotary and Lions’ Clubs in the New York Metropolitan area and at Mercy College’s MBA program, as well as at Mike Dooley’s Infinite Possibilities Training Conference in New Orleans in March 2018 and again in 2021. He led workshops at the Girls Scouts of America Conference in CT in 2019 and 2022 as well as the Boys and Girls Club in Stamford, CT in 2018 and 2019.

He appeared on TV with CEO Money and Between the Covers. He has also been a guest on more than 100 podcasts including TalkRadio NYC, Westchester Talk Radio, VoiceAmerica, Redesigning Your Life with Sabrina Soto, Going Solo, Smashing The Plateau, The Matter of The Heart, Every Day is a New Day Show, Thrive Loud, the Award-Winning Nice Guys Podcast, The Financial Survival Network, and Think, Believe, Manifest. Joel has also been quoted in the Wall Street Journal, Newsday, U.S. News and World Report, and interviewed in Forbes and on Bloomberg Radio. 

In 2012, he achieved a decades-long dream with the launch of his own hedge fund, SaLaurMor Capital (named after his two daughters, Lauren and Morgan). Salomon’s financial experience includes managing a $700 million long/short equity and credit portfolio for Citi. Salomon generated positive returns every full year during his time at Citi, including 2008, when the market suffered 40 percent losses and financial stocks—the only ones he was managing—collapsed 57%. 

In 2022, Joel created a non-profit organization, SaLaurMor Charitable Giving Inc., to teach financial literacy to kids under 18 in the U.S. 

Salomon has been a Chartered Financial Analyst since 1995. In 1992, he was named a Fellow of the Society of Actuaries. He is also an Advanced Communicator Gold Toastmaster and a Certified Infinite Possibilities Trainer & Trailblazer.  

 

About your host: I’m Drew Deraney, the proud father of three children. For most of my life I’ve been concerned with what people thought of me and how I was supposed to act. I learned not to be my authentic self and instead became a people pleaser, a man wearing a mask.

In a 9-month span a few years ago, I endured four faith-shaking life events that caused me to question my existence.

I became determined to find a better way to live. Through intense self-reflection and awareness, I realized that in order to be happy, I must adhere to my standards of honesty, integrity and truth and needed to break free from the belief system that was anchored in me for close to 50 years.

I found my purpose and my mission in life. I’ve now become the man I know I am meant to be. My mission is empowering men ready to make a change to do the same.

My men’s group and one-on-one coaching provide a safe space for men to share, without judgement, and transform. My male clients learn to release their inner greatness and stop self-sabotage, the #1 roadblock keeping them from reaching their goals.

 

HOW TO CONNECT WITH COACH DREW:

Website: https://profitcompassion.com/

Email: drew@profitcompassion.com

Book a Coaching Discovery Call: https://link.mavericksystems.online/widget/bookings/netweaving/connect30

Pick up a copy of Drew’s book: https://amzn.to/40dsbyR

Drew Deraney Mindset Mastery Coach (Life Coach with a Twist)

Drew Deraney now travels the world both to Live and Virtual Events showing mostly men the steps needed to strengthen self-identity and self-worth, to overcome self-limiting beliefs, and to build confidence while being authentic, maintaining boundaries and to transcend people pleasing skills to become the person they are destined to be. Drew challenges them to reach deep inside and make a lasting impact.

In a 9-month span, Drew experienced a grueling divorce, job loss, his son’s suicidal ideations, and his father’s death which devastated Drew emotionally, mentally, physically, and spiritually. It is a commonality for men to consider any challenge as a weakness as well as to show emotion and ask for help. While writing his book, Drew realized he was not the only man suffering in silence. With more clarity of purpose than ever, he began asking for help. Drew Deraney’s mission is to help especially men, release their inner greatness by showing vulnerability, keeping in integrity of their power, and making a great impact on the people in their lives both personally and professionally.

Drew Deraney was born in Brooklyn, NY and raised in Ho-Ho-Kus, NJ where he still lives to this day caring for his elderly mom and his 3 adult children Matthew, Nicholas, and Emma. Drew earned his B.A. in Psychology, M.A. in Applied Psychology, and two psychology research publications while at Fairfield University; a scholarship from the Healthcare Financial Management Association; and his M.B.A. in Health Care Administration from Baruch College / Mount Sinai School of Medicine in NY. His hospital career spanned 24 years where he was co-chair of the Leadership Institute, spoke at JD Power, was one of three leaders interviewed by The Commonwealth Fund, received his Communicating with Empathy Trainer certification and is a Certified Patient Experience Professional. Four years ago, Drew founded Profit Compassion LLC, an entity to coach and empower mostly men to create resiliency and authenticity as Chief Resilience Officer. Drew is the podcast host of ‘From Caving in to Crushing It’ and recently became a best-selling author with his book ‘I’ll Have What She’s Having’ - Memoir of a reformed People Pleaser.

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