74: Paul Sullivan, NYT Columnist on Money Secrets of the Super Wealthy

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 26 March 2015

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today’s episode: What it means to live a truly wealthy life. Told by a man who’s job it is to report on the country’s ultra rich, how they think, act, save, spend and invest. Paul Sullivan writes the Wealth Matters column for The New York Times and is the author of the new book The Thin Green Line: The Money Secrets of the Super Wealthy. The thin green line is an interesting phrase…implies that there may not be such a huge barrier between the haves from have nots. We’re going to dive into that. Paul, himself, is admittedly a part of the 1% but in writing this book he discovered his financial weak spots …that it’s not how much you make but how you manage it, how you protect it..that ultimately puts you in control of your money…and not the other way around. A few takeaways from our time with Paul: -- How most people regardless of their income can get on the right side of the ‘Thin Green Line‘ if they really want it to. -- Paul’s financial philosophy of “fierce mental accounting.” -- How to spend smart…lessons from people who have a lot of money to spend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money episode 74 Paul Sullivan.
0:03.6	You're listening to So Money
0:05.8	with award-winning money guru Farnu Shkorabi.
0:08.7	Each day get a 30 minute dose of financial inspiration
0:11.9	from the world's top business minds, authors, influencers, and from
0:15.9	Farnus yourself.
0:17.9	Looking for ways to save on gas or double your double coupons?
0:21.6	Sorry, you're in the wrong place.
0:24.0	Seeking profound ways to live a richer, happier life.
0:27.0	Welcome to So Money.
0:31.0	Welcome back to So Money everyone. I'm your host, Varnouche Terabi. Today's episode focuses on what it means to really live a wealthy life, told by a man whose job it is to report on the country's Uber Rich how they
0:46.6	think how they act how they save how they spend invest. Paul Sullivan
0:51.0	writes the Wealth Matters column for the New York Times and he's the author of the new book
0:55.2	The Thin Green Line, The Money Secrets of the Super Wealthy.
0:59.8	It's an interesting phrase, the thin green line.
1:03.0	It implies that there may not be such a huge barrier
1:05.8	between the halves and the have-nots.
1:08.5	We're going to dive into that.
1:09.8	Paul himself is admittedly a part of the 1% but in writing this book and reporting on this
1:14.8	book he discovered that he actually has some financial weak spots and that it's not
1:19.2	how much you earn but of course how you manage it, how you protect it, that ultimately puts you in
1:25.1	control of your money and not the other way around.
	...

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