Cracking the Code of the Rich, with Seth Stephens-Davidowitz

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 21 September 2023

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#462: Being rich, getting rich, what it means to be rich are all fascinating topics. We hear news stories, see social media posts, and read books about these topics. But what if what we are consuming is just misleading us? Seth Stephens- Davidowitz’s research has shown him that what we hear, read and consume about being rich is, in fact, misleading us. He is a New York Times bestselling author, a writer for the New York Times and a data scientist. He holds a PhD in economics from Harvard University. In today’s episode, we talk about how the stories around those who are rich - and how to get rich - are misleading. We talk about the truth behind those stories, the businesses that quietly make people millionaires, the kinds of people and the paths that they take to become rich, and share actionable takeaways that will help you do the same. For more information, visit the show notes at https://affordanything.com/episode462 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	There is endless media coverage about how to become rich and how to stay rich.
0:06.0	What if these stories that we hear are actually misleading us?
0:10.5	That's the topic of conversation in today's podcast episode with Seth Stevens-Davidowitz,
0:17.0	who has a PhD in economics from Harvard, who works as a data scientist,
0:22.0	and has studied the counterintuitive things that data shows us about wealth,
0:28.0	which we would not glean simply from news stories alone.
0:32.5	Welcome to the Afford Anything Podcast. This is a show that understands you can afford anything,
0:36.5	but not everything. Every choice that you make is a trade-off against something else.
0:41.0	That doesn't just apply to your money that applies to any limited resource you need to manage,
0:45.5	your time, your focus, your energy.
0:47.5	So, what matters most? And how do you make decisions accordingly?
0:52.0	Answering both of those questions is a lifetime practice,
0:55.0	and that's what this podcast is here to explore. My name is Paula Pant.
0:58.5	I am the host of the show, and again, New York Times best-selling author and PhD economist,
1:05.5	Seth Stevens-Davidowitz is here to discuss with us what we can learn from data
1:12.5	that we can apply to our lives, that we would not, and this is information that we would not necessarily know,
1:20.0	based on what is commonly or popularly understood by the stories that we hear.
1:26.0	Here is. Enjoy.
1:32.0	Hi, Seth. It's great to talk to you.
1:34.0	Hi, Paula. Great to talk to you.
1:36.0	Seth, who is secretly rich in America?
1:39.5	Beverage distributors and auto dealership owners.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Paula Pant | Cumulus Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Paula Pant | Cumulus Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.