Michael Sakraida is a seasoned wealth management specialist with extensive experience in guiding both financial professionals and their clients towards achieving financial balance and joy. Author of the transformative book Money Balance and Joy, Michael brings a holistic approach to wealth management, focusing on aligning monetary success with emotional well-being. Episode Summary:Topics covered include the destructive emotions that influence financial decisions, strategies to avoid common investment pitfalls, and the paramount significance of aligning one's investments with personal beliefs and values. Michael passionately underscores the need for a balanced approach to life, blending monetary success, time, and social wealth to achieve true happiness and joy.Key Takeaways:Avoiding Common Pitfalls: Most individuals and financial professionals fall into the trap of buying high and selling low due to emotional decision-making. Wealth Beyond Money: True wealth encompasses monetary, time, and social wealth. Loyalty Tax: Beware of the comfort or loyalty tax. Holistic Approach: A holistic view of wealth management—focusing on mental, emotional, and financial health—is essential. Support our Sponsors who Support the Transform Your Mind podcast!RO.CO Introducing the Ro Body Program. It provides access to the most popular weight loss shots on the market. Go to RO.CO/TRANSFORMShopify - This Year take your business to the next level with a Shopify online store. Sign up for a one-dollar-per-month trial period at SHOPIFY.COM/transformBetterHelp - Transform Your Mind  is sponsored by BetterHelp. Give online therapy a try at betterhelp.com/ TYM and get on your way to being your best self.”Quince - Make switching seasons a breeze with Quince's high-quality closet essentials. Go to To advertise on our podcast, visit https://advertising.libsyn.com/TransformyourMindor email kriti@youngandprofiting.com See this video on The Transform Your Mind YouTube Channel https://www.youtube.com/@MyhelpsUs/videosTo see a transcripts of this audio as well as links to all the advertisers on the show page https://myhelps.us/Follow Transform Your Mind on Instagram https://www.instagram.com/myrnamyoung/Follow Transform Your mind on Facebookhttps://www.facebook.com/profile.php?id=100063738390977Please leave a rating and review on iTunes