#321: How to Think About Money

The Art of Manliness

Society & Culture, Education, Philosophy

4.7 • 14.5K Ratings

🗓️ 14 July 2017

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Personal finance can seem intimidating, but the reality is it’s pretty basic — save more than you spend, find ways to earn more, invest for the long-term, and protect your assets. But if personal finance is so easy, why do so many people screw it up? My guest today has spent his career exploring this topic. His name is Jonathan Clements and he’s been The Wall Street Journal’s personal finance columnist for years. During his writing career, he’s also published several popular personal finance books including "The Little Book of Main Street Money." In his latest book, "How to Think About Money," Jonathan distills decades of personal finance experience into punchy, insightful, and action-oriented advice. Today on the show, Jonathan and I discuss the most common money mistakes people make and the psychological biases that cause us to make them. Jonathan then shares research-backed advice on how money can buy you happiness…and also misery. Just depends on how you use it. He then delves into brass tacks tips on how to save for retirement no matter how old you are, how to overcome your psychological biases so you don’t make stupid money mistakes, and why focusing on not losing money will help you have more money in the long run. Lots of actionable advice to enhance your finances in this episode.

Transcript

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0:00.0	[♪ INTRO MUSIC PLAYING [♪
0:13.9	Brett McKay here and welcome to another edition of the Art of Man in His Podcast.
0:17.8	Well, personal finance can seem intimidating, but the reality, it's pretty basic.
0:22.1	Save more than you spend, find ways to earn more, invest for the long run and protect your assets.
0:26.6	But if personal finance is so easy, why do so many people screw it up?
0:30.2	When my guest today has spent his career exploring this topic, his name is Jonathan Clements,
0:33.8	he's been the Wall Street Journal's personal finance columnist for several years.
0:37.0	And during his writing career, he's also published several popular personal finance books,
0:40.2	including the little book of Main Street Money, and in his latest book, How to Think About Money.
0:44.5	Jonathan distills decades of personal finance experience to the punchy insightful and action-oriented advice.
0:49.6	Well, today on the show, Jonathan I discussed the most common money mistakes people make
0:52.7	and psychological biases that causes us to make these mistakes,
0:55.5	and then he shares research-backed advice on how money can buy you happiness,
0:59.3	and also misery, too, depends on how you use it.
1:01.6	He then delves into the brass-tack tips on how to save for retirement, no matter how old you are,
1:05.3	how to overcome your psychological biases, so you don't make stupid money mistakes,
1:08.3	and while focusing on not losing money, will help you save more money in the long run.
1:12.8	Lots of actionable advice to enhance your finances in this episode.
1:15.2	After it's over, check out the show notes at aewim.ias slash Clements, since CLEMETS.
1:20.8	[♪ INTRO MUSIC PLAYING [♪
1:26.4	Jonathan Clements, welcome to the show.
1:28.4	Thanks for having me on, Brett.
	...

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