{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Scarcity, Confidence &amp; the Psychology of Wealth with Leisa Peterson","description":"S6:E21 Most money problems are not mathematical. They are emotional. Queue Up Episode This week on Small Business Stories, Dr. LL sits down with Leisa Peterson, founder of WealthClinic.com and author of The Mindful Millionaire, to explore how scarcity thinking quietly shapes financial decisions. On a personal note, I was so compelled by what she had to say, I got her book and read it cover to cover. What it showed me is that I was spending out of fear, spending because I was missing something (someone), and was indulging in &quot;retail therapy&quot; to avoid the reality of patterns ingrained in childhood and what is happening to me today. If people don\u2019t trust you, they won\u2019t follow you. If you don\u2019t trust yourself, you won\u2019t build wealth. From inflation and fiat currency to inherited shopping patterns and entrepreneurial overconfidence, this episode examines how money stress alters our cognition and identity. \ud83d\udc64 Guest Leisa Peterson Founder, WealthClinic.com Author, The Mindful Millionaire Core Problems Discussed \u2022 How macroeconomic instability impacts personal psychology \u2022 Emotional spending and inherited money behaviors \u2022 The cost of overconfidence and delayed pivots Practical Takeaways \u2022 Scarcity narrows mental bandwidth and lowers decision quality \u2022 Long-term confidence is built through iterative learning \u2022 Conservative strategies can still build significant wealth Timestamps 02:10 Fiat currency and inflation explained 16:57 How scarcity lowers IQ under stress 22:10 The retail therapy pattern 26:35 Surviving trauma and choosing purpose 40:10 Costly entrepreneurial lessons Who This Episode Is For \u2022 Entrepreneurs under financial pressure \u2022 Founders carrying debt from past pivots \u2022 Leaders rebuilding confidence after losses Invisible brands don\u2019t make money. Invisible money patterns quietly distort decision-making. Season 6 continues decoding the forces that shape how capable entrepreneurs show up. &amp;nbsp; &amp;nbsp; \u2705 Subscribe for weekly conversations on entrepreneurship \ud83d\udd01 Share this episode with someone who needs to be heard Follow STEERus on social media: YouTube: https:\/\/www.youtube.com\/@Midlifesuccess Instagram:&amp;nbsp;https:\/\/instagram.com\/steerus LinkedIn:&amp;nbsp;https:\/\/www.linkedin.com\/company\/steerus Twitter: https:\/\/x.com\/steerus_io&amp;nbsp; #finance #investing #wealth #entrepreneur #smallbusiness ","author_name":"Small Business Stories","author_url":"https:\/\/steerus.io\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/40266120\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/199071375"}