1849: The Psychology of Wealth: Money, Meaning, and Mental Well-Being with Dr. Daniel Crosby

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 7 July 2025

⏱️ 36 minutes

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Summary

Dr. Daniel Crosby is a psychologist, behavioral finance expert, and New York Times bestselling author. His works, The Laws of Wealth and The Behavioral Investor have transformed how we think about investing by shedding light on the emotional and cognitive biases that often shape our financial behavior. He also serves as Chief Behavioral Officer at Orion Advisor Solutions, guiding advisors in helping clients align their investments with what matters to them.

Today, Daniel is here to discuss his latest book, The Soul of Wealth: 50 Reflections on Money and Meaning. This book challenges the conventional approach to wealth by diving into its emotional dimensions. It explores how financial well-being is not just about accumulation but also about aligning money with personal values and meaning. Daniel encourages us to reflect deeply on what it means to live a wealthy life—not just financially but emotionally and spiritually.

Transcript

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0:00.0	Hey, it's Jay Humphrey here, host of High Performance. We're currently sponsored by London Business School.
0:05.4	London Business School is a place where learners from around the world come together to learn, grow,
0:10.0	and challenge convention. It's a community that believes real progress comes from embracing
0:14.5	difference because when we share ideas, we find better ways forward. LBS believes that difference
0:20.4	drives progress. Find out how bringing together
0:23.6	unique perspectives creates real change. Search London Business School or visit London.edu.
0:31.3	Keep your eye on the ball. It's as important in investing as it is in tennis. For Blue Owl, that means keeping our eye on the private markets.
0:41.2	A laser focus that helps us redefine alternatives
0:44.3	and inspires us to support the players who are redefining the game.
0:49.6	So keep an eye out for Blue Owl at the Grand Slams
0:52.3	and learn more about us at blue Owl.com slash investing.
0:57.2	Blue Owl, redefining alternatives.
1:02.5	So Money episode 1849, the psychology of wealth, money, meaning, and mental well-being with Dr. Daniel Crosby.
1:11.5	You're listening to So Money with award-winning money guru Farnush Karabi.
1:16.4	Each day, get a 30-minute dose of financial inspiration from the world's top business minds,
1:21.6	authors, influencers, and from Farnoose yourself.
1:25.6	Looking for ways to save on gas or double your double coupons?
1:29.4	Sorry, you're in the wrong place.
1:31.7	Seeking profound ways to live a richer, happier life.
1:34.9	Welcome to So Money.
1:37.9	When you look at the Harvard study on what brings joy in life,
1:43.4	like no surprise, their number one finding is it's relationships, dummy, right?
	...

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