Welcome to Money for the rest of us. This is a personal finance show on money, how it works,

how to invest it, and how to live without worrying about it. I'm your host, David Stein.

Today is episode 533. It's titled, Money, Risk and Uncertainty with Carl Richards.

This week we have a rare interview. This is only the second interview I've done this year,

conversing with Carl Richards, who I've known for a number of years. He's best known as the

sketch guy columnist in the New York Times, very keen insights when it comes to financial concepts

and putting them down as illustrations. He's also

a certified financial planner. He built and sold a successful investment firm. His best-selling

books include the behavior gap and the one-page financial plan. His new book comes out in October.

It's your money re-managing wealth in simple sketches.

It does have illustrations, but it also has some very keen insights. It was some of the topics

in that book and its other writings that Carl and I discussed today, mainly how money is

abstract and how we deal with how abstract it is, the difference between

risk and uncertainty, how we manage and navigate that, both in terms of our day-to-day life,

as well as how we approach investing. We also talk about the benefit of doing nothing versus

taking micro actions as he calls them.

I love this conversation and I hope that you enjoy it.

Here's Carl Richards.

Well, Carl, thanks for being here.

David, I've been looking forward to this for a long time.

So super excited about it.

Yeah.

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