The Link Between Money, Meaning, and Happiness
September 12, 2024
by an investor from Harvard University - Harvard Business School in Toronto, ON, Canada
Today I was thrilled to welcome Carl Richards to the podcast to discuss a topic that touches each of our lives in some way. Carl has spent decades as a Certified Financial Planner, is the creator of the "Sketch Guy" column (which appeared weekly for a decade in The New York Times), is a best selling author, a podcaster, and a frequent contributor to countless publications including Morningstar Advisor, Marketplace Money, Oprah Magazine, and Forbes, among many others.
In our conversation today, we cover:
- How, in some instances, money can indeed buy happiness
- Why money is like alcohol
- Our endless capacity to justify frivolous purchases
- Why you should aim to “die with zero”
- How to run small experiments to see what types of spending produce happiness for you
- Our unconscious tendency to create more complexity as our assets grow
- Why you may want to think about money as you would gathering firewood in a remote cabin in the wilderness
- ...and much, much more.
Please enjoy!
from Texas A&M University in Denver, CO, USA
1.) I enjoy your Podcasts ^redacted, thank you for taking the time to record them
2.) The love of money is the root of all evil - 1 Timothy 6:10
3.) About $75k (in###-###-#### is peak money happiness, all else is diminishing returns: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.princeton.edu/~deaton/downloads/deaton_kahneman_high_income_improves_evaluation_August2010
4.) Don't die with $0 if you love your kids or grandkids - Proverbs 13:22
5.) "Mo money Mo problems - Notorious BIG
6.) Money earned fast is gone fast, money earned slow grows - Proverbs 13:11
7.) ^redacted ^redacted - care to add?
in Dallas, TX, USA