Why Wanting Less Makes You Wealthy - Society's Complex Relationship With Money - Ep. 5
06/17/22 • 41 min
How To Live Like A Millionaire - And How To Do It Without Money
How much money do you need to be happy?
Why comparison is in our genetics
Why we care so much about money
Why lottery winners wind up miserable
Live your dream life for way less than you suspect
What the science says about happiness and money
Episode Summary:
Why does society view money as the ultimate status symbol, and how does this perception affect our overall happiness? This episode tackles these provocative questions and more as we dissect the complex relationship between wealth, happiness, and self-worth. We dig into the societal push for financial abundance and the consequent pressure to climb the socioeconomic ladder. But, are we losing sight of what truly matters in this race for riches?
We also deep dive into the concept of 'enough' - a state of contentment that stems from gratitude, not from amassing wealth. It's not about the money itself, but the options that money can provide. What if the pursuit of happiness is not about acquiring more, but about appreciating what we already have? We examine how our inherent qualities – positive or negative – can be amplified by wealth and the influence of our surroundings on our life choices and values.
In the quest for success, we may risk it all only to find ourselves in a destructive downward spiral. So, how do we redefine success and wealth? It's time to question conventional definitions and focus on discovering our true values. We wrap up the episode with a thought-provoking discussion on the influence our surroundings exert in shaping our lives and the role of wealth in this process. So, let's break free from societal norms and embark on a journey toward financial enlightenment and genuine happiness.
Timestamps
0:41 Why do people care so much about money?
5:49 Want to be wealthy? Ask yourself, “Why do you want it in the first place?”
8:16 What you really need to be happy in your life
10:27 How comparison robs you of your happiness
13:43 How one bad idea can change your life forever
16:45 Why lottery winners are miserable and what would you do if you had a million dollars?
19:20 The Billionaire party and having enough
21:32 The difference between money and wealth
26:27 How to live like a millionaire without a million dollars
30:10 Are people with more money actually happier? What the science says
33:26 How to think more creatively about making enough money
36:12 What will make you feel like a millionaire?
How To Live Like A Millionaire - And How To Do It Without Money
How much money do you need to be happy?
Why comparison is in our genetics
Why we care so much about money
Why lottery winners wind up miserable
Live your dream life for way less than you suspect
What the science says about happiness and money
Episode Summary:
Why does society view money as the ultimate status symbol, and how does this perception affect our overall happiness? This episode tackles these provocative questions and more as we dissect the complex relationship between wealth, happiness, and self-worth. We dig into the societal push for financial abundance and the consequent pressure to climb the socioeconomic ladder. But, are we losing sight of what truly matters in this race for riches?
We also deep dive into the concept of 'enough' - a state of contentment that stems from gratitude, not from amassing wealth. It's not about the money itself, but the options that money can provide. What if the pursuit of happiness is not about acquiring more, but about appreciating what we already have? We examine how our inherent qualities – positive or negative – can be amplified by wealth and the influence of our surroundings on our life choices and values.
In the quest for success, we may risk it all only to find ourselves in a destructive downward spiral. So, how do we redefine success and wealth? It's time to question conventional definitions and focus on discovering our true values. We wrap up the episode with a thought-provoking discussion on the influence our surroundings exert in shaping our lives and the role of wealth in this process. So, let's break free from societal norms and embark on a journey toward financial enlightenment and genuine happiness.
Timestamps
0:41 Why do people care so much about money?
5:49 Want to be wealthy? Ask yourself, “Why do you want it in the first place?”
8:16 What you really need to be happy in your life
10:27 How comparison robs you of your happiness
13:43 How one bad idea can change your life forever
16:45 Why lottery winners are miserable and what would you do if you had a million dollars?
19:20 The Billionaire party and having enough
21:32 The difference between money and wealth
26:27 How to live like a millionaire without a million dollars
30:10 Are people with more money actually happier? What the science says
33:26 How to think more creatively about making enough money
36:12 What will make you feel like a millionaire?
Previous Episode
What Makes Us Human - Use Hope to Build a Fulfilling Life - Ep. 4
In this episode, Anthony and Brian discuss how hope is one of the fundamental emotions giving us purpose in life, how to cultivate hope through positivity, Brian’s experience with hope and cancer, tools to build positivity and hope, and how to live a long and fulfilling life, and many other gems throughout the episode.Show Notes:
https://www.egolab.us/podcast/show-notes-e4-what-makes-us-human-use-hope-to-build-a-fulfilling-lifeEpisode Summary:
We all grapple with life's complexities, yearning for a beacon of hope to guide us. Ever wondered how harnessing hope and optimism can power our dreams, infuse joy and empower us to conquer life's daunting challenges? We're taking you on a deep-dive into this extraordinary force, with profound insights drawn from Victor Frankel’s 'Man’s Search for Meaning' and an exploration of the potent placebo effect of optimism and hope.
Our journey takes us through the critical role of community and support systems in nurturing hope, the stark contrast between solitude and loneliness, and the power of self-compassion, self-love, and gratitude in framing a new perspective on hope. You'll get a peek into the intriguing concept of a 'happiness thermostat' as proposed by Jonathan Haight, and an examination of the lifestyle choices contributing to the impressive longevity of the Okinawan culture.
This episode is not just an exploration of hope, but also a testament to its power - as seen in Brian's personal battle with cancer. Learn how Brian embraced positivity to ride through this challenging phase and gain insights from his experience on nurturing hope and living a long, meaningful life. We've got handpicked book recommendations, guided worksheets, and reflective questions to bolster your journey of embracing hope and optimism. So come aboard, and let's illuminate our paths together, with hope as our guiding light.Timestamps
(0:00) Intro
(0:42) Hope and Finding Your Why
(3:43) The Placebo Effect and Hope
(6:30) Hope and Communities, Fighting Cancer, Finding The Will to Live, Friendship, and Impermanence
(16:33) How to Use Positivity to Cultivate Hope
(20:48) Creating a community of Hope within yourself
(25:02) Tools for developing Hope, Gratitude, and Optimism
(27:30) Is Being Optimistic an Inherent Trait or Can We Develop it?
(31:37) Ikigai and Hope - Do Optimistic People Live Longer?
(34:13) What If I don’t Want To Be Hopeful?
Next Episode
How To Create Lasting Change by Compounding Habits - Ep. 6
How to take all the king's rice
Why 80% of your effort is probably a complete waste
How the one percent rule can make you into a productivity machine
How pillows, grease, and brakes took a sports team from worst to first
How to know if you are too spread out or focused
Why consistency is underrated
Find free worksheets, blog posts, and insightful book recommendations at EgoLab.us
(0:00) Intro
(1:05) The magic of the compounding principle
(3:05) How the 1% rule can make you 37x better in just one year
(4:35) How the British Cycling Team went from laughing stock to dominant winners
(8:25) Why Success leads to more Success
(9:19) The power of anchoring habits
(9:50) The vital role that consistency plays in growth
(12:39) Using the snowball effect to achieve your goals
(15:40) Leveraging the Pareto Principle for monstrous growth
(17:00) Understanding biases to improve your life
(17:57) The sunk cost fallacy and relationships
(19:50) The greatest predictors of successful relationships
(20:33) The brilliance of Warren Buffet
(22:31) How to create better outcomes in a shorter time
Ego Lab - Why Wanting Less Makes You Wealthy - Society's Complex Relationship With Money - Ep. 5
Transcript
Anthony
Co-host
00:00
really, a lot of the times, the experiences that people want or associate with a lot of money, like owning a private jet or private island. It really doesn't cost as much as people think it does to do those things, and so it's so important to go out there and just start writing down what your dream life really looks like Like, what do you really want to do, and then find a way to do it.
Brian
Co-host
00:26
Hello e
If you like this episode you’ll love
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