The Link Between Money, Meaning, and Happiness

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by an investor from Harvard University - Harvard Business School
in Toronto, ON, Canada

1yr ago

The Link Between Money, Meaning, and Happiness

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!

redacted

1 Like

123 Views

reply by a searcher 1yr ago
from Texas A&M University in Denver, CO, USA

Here's some feedback:
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 (inredactedis peak money happiness, all else is diminishing returns: redacted
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?

reply by a professional 1yr ago
in Dallas, TX, USA

Well, that's the thing with happiness. you cannot buy it and nobody is selling it. My advice, find happiness as early as possible in life and separate it from money or wealth.