Is It Good to Be Cynical? & How We All Screw Up Our Personal Finances

Something You Should Know

Mike Carruthers | OmniCastMedia

Social Sciences, Science, Health & Fitness, Education, Self-improvement

4.5 • 4.3K Ratings

🗓️ 20 January 2022

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What do you crave? Well, whatever it is, the next time you crave it, there is something simple you can do that can make the craving pass quickly to help you avoid temptation. I begin this episode with this very easy tactic that has been proven to work. https://www.psychologytoday.com/us/blog/psyched/201104/clenching-your-fists-increases-willpower Would you say you are a cynical person? A cynic is someone who doesn’t put much faith in the goodness of others. Many cynics say they are just realists - that people can’t be trusted because humans are motivated by greed and self-interest. Well, when you look a little deeper, cynicism may not be such a great way to view humanity according to behavior scientist Jamil Zaki, PhD, who is an associate professor of psychology at Stanford University. He has a great TED Talk called Escaping the Cynicism Trap and he is also author of the book The War for Kindness (https://amzn.to/2qtq4dX) . Listen as he reveals why some of us are cynics and what being cynical does to a person. Jamil was on an earlier episode talking about empathy which I think you will enjoy if you haven’t heard it. You can listen to it here: https://www.somethingyoushouldknow.net/338-dirty-jobs-host-mike-rowe-offers-a-different-view-of-success-the-awesome-power-of-empathy/ It hopefully comes as a comfort that almost everyone has regrets about how they have handled their finances. So much so that a large number of us have actually shed tears over money mistakes. What’s more important is what are you going to do now with your money? Joining me to discuss that and offer some very specific advice to get your financial house in order is Joe Saul-Sehy, a former financial planner who hosts the popular podcast called Stacking Benjamins https://www.stackingbenjamins.com/ and has a new book out called Stacked: Your Super Serious Guide to Modern Money Management (https://amzn.to/3KaBYO1). Joe mentions some financial apps in the episode. Here are the links: Qube Money: https://qubemoney.com/ Tiller: https://www.tillerhq.com/ YNAB (You Need a Budget): https://www.youneedabudget.com/ Some people claim they can tell if a storm is approaching because they feel pain in their joints. Can that be true or just an old wives tale? Listen to find out. Source: Paul Yeager author of Weather Whys (https://amzn.to/3fonYCj) PLEASE SUPPORT OUR SPONSORS! We really like The Jordan Harbinger Show! Check out https://jordanharbinger.com/start OR search for it on Apple Podcasts, Spotify or wherever you listen! Truebill is the smartest way to manage your finances. The average person saves $720 per year with Truebill. Get started today at https://Truebill.com/SYSK Take control of your finances and start saving today! To see the all new Lexus NX and to discover everything it was designed to do for you, visit https://Lexus.com/NX Discover matches all the cash back you’ve earned at the end of your first year! Learn more at https://discover.com/match https://www.geico.com Bundle your policies and save! It's Geico easy! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This message is sponsored by Discover. Did you know you could reduce the number of unwanted calls and emails with online privacy protection?
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0:24.0	And they'll do it for free. Activate in the Discover app. See terms and learn more at Discover.com slash online privacy protection.
0:36.0	Today on something you should know, the next time you get a craving, there's something you can do to crush it.
0:43.0	Then is it good to be cynical in today's world? Are cynics actually smarter than the rest of us?
0:49.0	There's research that demonstrates that people believe that cynics are smarter than non-synics. It turns out that the opposite is true. If anything, cynics perform less well on cognitive tests and online detection tests.
1:03.0	Also, can some people really tell if a storm is coming from the pain in their joints and the best way to get a handle on your finances? Because a lot of us aren't doing a very good job.
1:15.0	There was a study done recently and it shines light on some horrible statistics. Over 150 million people in the United States, almost half of us, report that we cry about our money or have cried about our money.
1:29.0	And I'm definitely one of those people.
1:31.0	All this today on something you should know.
1:34.0	I want to talk about a podcast called Planet Money. Because money is on everyone's mind with inflation on the rise, the coming recession, the great resignation.
1:47.0	Money is everywhere. Everyone's thinking about it. And so if you're a fan of this show, something you should know and you're curious to learn something new and exciting about money every week,
1:58.0	I really recommend that you listen to Planet Money. It's a podcast from NPR. Planet Money is a podcast where they take the complex issues of money and the economy and make it all make sense.
2:11.0	It's where human stories supersede abstract theories and where listeners can learn, laugh and be entertained.
2:19.0	I think you're going to really enjoy this podcast. It just it pulls you right in and before you know it, it's over from offshore cashiers to new ways to pay for college to breaking down the price of gasoline.
2:32.0	The Planet Money team loves to tell a good story in bite size 30 minute episodes tune in to Planet Money every week for entertaining stories and insights about how money shapes your world.
2:45.0	And these are stories you're not going to hear anywhere else. Listen now to Planet Money from NPR. Wherever you get your podcast.
2:55.0	Something you should know. Fascinating Intel. The world's top experts and practical advice you can use in your life today. Something you should know.
3:06.0	This is Mike Carothers. Hi and welcome to something you should know. Do you get cravings? Probably everybody gets cravings.
3:16.0	I crave Mexican food, chocolate, Thai food and a few other things. And sometimes it's fun to indulge those cravings. But if you'd really rather not, the next time you're tempted to eat the junk food or smoke the cigarette or buy something you don't really need.
3:35.0	Try this. Clench your fists. The Journal of Consumer Research did a study that found that tightening any muscle in your body will strengthen your willpower.
3:47.0	Clenching your fist or flexing your bicep can actually trigger your brain to take control of the situation.
	...

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