Chapter
The Link Between Money and Happiness
1:05:45 - 1:12:56 (07:10)
The pursuit of money doesn't necessarily lead to happiness beyond a certain point. While money does provide comfort and time to do the things one enjoys, spending all one's time making money can leave an individual feeling unfulfilled.
Clips
Learning and relationships are key to a rich life.
1:05:45 - 1:07:58 (02:13)
Life Lessons
Summary
Learning and relationships are key to a rich life. Money may bring a sense of security, but being rich in time and meaningful connections is more valuable.
ChapterThe Link Between Money and Happiness
Episode#183 - William Leith - Why Some People Become Ridiculously Rich
PodcastModern Wisdom
In this podcast, the speaker emphasizes the hedonic treadmill effect, where higher amounts of money tend to add to satisfaction, but not happiness.
1:07:58 - 1:12:56 (04:57)
Hedonic Treadmill
Summary
In this podcast, the speaker emphasizes the hedonic treadmill effect, where higher amounts of money tend to add to satisfaction, but not happiness. Morgan Housel shares that the value of money lies in the freedom to spend time doing activities that make you happy.