050 -- AMA Show - When Materialism is a Good Thing (Material Well-being)

In this episode of the Next Better Show, Coach Woody and co-host Kristin dive into a topic that challenges how we think about money and happiness: materialism—but redefined as material well-being.

Together, they unpack why money alone isn’t the answer, how our beliefs about wealth are often inherited, and what it really means to have enough. Whether you’ve struggled with scarcity, built wealth but still feel unfulfilled, or are simply curious about aligning your finances with your values, this conversation offers fresh perspectives and practical takeaways. You'll hear Coach Woody’s personal struggles with money mindset, how he overcame limiting beliefs, and why being broke isn’t the same as being poor. Plus, Kristin brings thoughtful questions that spark deeper insights on quality of life, career decisions, and escaping the hedonic treadmill that keeps so many chasing more.

Key Takeaways:

• Why being broke isn’t the same as being poor
• How to escape the hedonic treadmill and stop moving the goalpost
• The surprising truth about wealth vs. rich
• How your childhood beliefs about money still shape you
• The mantra that keeps Coach Woody grounded: "You are enough"
• Tools for mindfulness and budgeting without feeling restricted
• The inspiring story of a man who walked away from a $300M career track to choose purpose

Timestamps:

00:00 – Welcome and show setup

00:50 – Why materialism might actually be a good thing

03:12 – What is material wellness? A deeper look

07:31 – Poor vs. broke: The mindset shift that changes everything

14:10 – Defining quality of life beyond the dollar amount

22:07 – The hedonic treadmill: Why more money never feels like enough

29:41 – The mantra that keeps Coach Woody grounded: "You are enough"

32:23 – How to escape scarcity mindsets from financial instability

44:33 – Surviving vs. thriving: Are you still in survival mode?

46:53 – The tools: Mindfulness and budgeting as keys to peace of mind

57:27 – Purpose-driven wealth: Why money should serve your mission

59:55 – Final thoughts + preview of the next episode on stress and performance