4.8 • 1K Ratings
🗓️ 29 August 2018
⏱️ 52 minutes
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Money is a sensitive topic for many. How can those in poverty or those who live paycheck to paycheck still find joy? And how are billionaires sometimes some of the unhappiest people? Brian Portnoy has studied finances and money, and he’s mastered the art of simplifying the complex discussions and topics around money. He discusses the difference between being rich and being wealthy, finding joy in your circumstances, and much more.
Brian Portnoy is an expert at simplifying the complex world of money. He’s the author of two books, The Investor’s Paradox and his most recent book The Geometry of Wealth.
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0:16.3 | You know I've been in finance for close to 20 years including a pretty long stint more than a decade in the hedge fund industry and you know during that time I met people and have made friends who are worth not only eight figures, not only nine figures, but are billionaires, you know, and relatively young people. And to be able to witness the lifestyle and the choices that people at that level of wealth make, |
0:26.0 | I've learned some things. |
0:28.0 | And at the way other end of the spectrum, let's not lose sight of the fact that the average family afford America lives on about |
0:33.9 | 57,000 dollars a year and that there are plenty of families and children who go |
0:38.3 | hungry every night in America which I find pretty infuriating and has motivated a lot of the charitable enterprises that my family |
0:45.2 | and I are involved with. |
0:48.2 | So you've got this very broad spectrum and so as I sort of think about my own levels of happiness, the right ways in which to raise my children, and then finally the right ways in which to be a citizen, when I can know somebody who's making very very little but also have a |
1:04.4 | friend across town or you know across the world who's got five or seven hundred |
1:09.1 | billion dollars in the bank and appreciate that the the person with half a billion dollars has good days and |
1:15.4 | bad, bad moods and good moods. And meanwhile the person who's not living on much |
1:21.3 | can be very cheerful and find great |
1:23.4 | enjoyment in what they're doing on a daily basis and find real meeting through a |
1:28.2 | variety of things in life I felt like it was an obligation to myself and then to my family and then to society to kind of articulate |
1:36.0 | what all of this added up to and that really was the impetus for the book and the first |
1:41.4 | you know couple chapters of the book kind of frame that, you know, precisely, I think. |
1:47.0 | I'm Sreeney Rao and this is the Unakable creative podcast where you get a window into the stories and insights of the most innovative and creative minds who started movements built thriving businesses written best-selling, and created insanely interesting art. |
2:03.9 | For more, check out our 500 episode archive at unmistakable creative.com. This is a passenger announcement. You can now book your train on Uber and get 10% back in credits to spend on Uber eats so you can order your own fries instead of eating everyone else's. |
2:29.0 | Trains, now on Uber. Tees and C's apply. |
2:33.3 | Check the Uber app. |
2:34.3 | Brian, welcome to the unmistakable creative. |
2:38.4 | Thanks so much for taking the time to join us. |
2:40.3 | Yeah, thank you. |
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