Charles and Michelle discuss the concept of worry free number, which is the number below which you don't worry about spending money, and mention how it differs for multimillionaires and regular individuals.
This podcast episode discusses how the act of spending money can move one's financial goals further away instead of closer to being achieved. Morgan Housel's belief that money equals freedom is also discussed.
The hosts discuss the wastefulness of overspending and share their own personal anecdotes about pricey purchases.
The podcast talks about money management and includes journal prompts that are centered around shadow work. The speaker shares her own struggles and how she learned to handle them.
Money cannot buy happiness, but having money can reduce stress and provide access to experiences that can lead to happiness. Self-reported levels of happiness are the same for those who won the lottery and those who became paraplegic one year after the event.
A comic discusses his experience with a friend who kept asking him for money and how he eventually had to confront him about it.
The speaker discusses the purpose of business and money, which he identifies as being able to provide for oneself and their family, have financial security, and to achieve certain goals that make life fulfilling, such as running a certain race or lifting a specific weight. Ultimately, the point of having wealth is to live a long and good life.
Learn about non-taxable, non-retirement accounts as a way to gain peace of mind and better manage your money. It's important to carefully choose who you surround yourself with, whether as a mentor or right-hand person.
This podcast covers practical topics such as finance and personal budgeting, as well as examining the relationship between our brains and experiences by tackling unusual questions. Join the two best buds as they explore tips and tricks for maximizing income and saving money.
