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How to Money

Money, Your Brain, and Buying Happiness (Bestie) #151

How to Money

iHeartPodcasts

Investing, Education, Business

4.63.2K Ratings

🗓️ 25 December 2019

⏱️ 60 minutes

🧾️ Download transcript

Summary

Merry Christmas and happy holidays! In the midst of all the festivities, now is a good time to ask ourselves: “Buying new stuff makes us happy, right?” Well if you have a need that is now being met, there is certainly some value that item is now providing. But value isn’t the same as happiness. Hedonic adaptation, or the hedonic treadmill, helps us understand the effect of consumption. Coming to grips with that can help us end unhealthy cycles of mindless consumerism and set us on a path to a healthier way of thinking about money, spending, and saving for the future. Listen to the full episode to learn how hedonic adaptation can be terrible, how it can actually be a good thing, and then finally to learn how to hack it and truly control how happy you really are.

During this episode we enjoyed a Mangifera Flux by Marz Community Brewing- a huge thanks to our buddy Andrew for bringing this beer all the way back from Chicago. And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!

Best friends out!

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Transcript

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0:00.0

On Queen Charlotte, the official podcast, we're stepping behind the scenes and the drawing boards of this team to experience the life

0:08.1

breathes into the Bridgerton prequel, listen to the Leap's executive producer and series director Tom Verica took to capture the feeling that puts that lump in your throat.

0:17.5

And you've got to catch creator Shonda Rhymes. She's dropping gems, diamonds, and mics.

0:24.0

You can listen to Queen Charlotte, the official podcast every Thursday on the iHeart Radio app, Apple Podcasts, or anywhere you listen to your favorite shows.

0:33.0

Hi, this is Chelsea Handler and I'm Catherine Law. We are the hosts of the Dear Chelsea Podcast where we give advice to real life people.

0:42.0

Sometimes we have experts, sometimes we have celebs on helping us guess like Ross Matthews, Matthew McConaughey, Juliana Margulies, WinifPelcho, and Solm anymore.

0:51.0

We answer questions on anything from drugs to relationships. We've even broken people up. Yes, I take a lot of credit for breaking people up. I am a relationship record. And just motivation.

1:02.0

Sometimes people just need to kick in the ass and that's what I am. And we encourage people to live their lives truly, fully, and bravely.

1:08.0

Listen to Dear Chelsea on the iHeart Radio app, Apple Podcasts, or wherever you get your podcasts.

1:13.0

How's it going, y'all? I'm Bailey Zimmerman. Get ready because I'm coming to iHeartland for a really special performance right here in State Farm Park and celebration of my new record, Religious Lead the album.

1:28.0

It's happening Friday, May 19th of 7 p.m. Eastern and it's only live for the weekend, so make sure you check it out. Until then, have fun exploring iHeartland.

1:36.0

Oh, and Mosy around backstage where you can find a never before scene interview. I'm so excited. Can't wait to see y'all on Friday. Hey, Joel, you're hearing my voice first. And you know, that means it's a bestie episode. Bestie episode of Christmas Day, bestie episode.

1:50.0

Merry Christmas to you. Merry Christmas to you, Merry Christmas to everyone listening. I received your well-licious.

1:55.0

I hope you're listening to this today. After Christmas, I hope you delayed like you're listening because Christmas Day not a time to be listening to money podcasts, right?

2:02.0

Sometimes you need to get out of the house. You want to take a break from the family, go on a nice brisk walk. There you go. Some of that fresh air.

2:09.0

Okay. Actually, sounds really good about it. It's like 7 or 8 p.m. Like happy you spent that good time with the fam. But of course, we're releasing a bestie. It's Christmas Day.

2:16.0

Like we need some time off too. But we're this episode that we're re-releasing. We talked about money, your brain, and buying happiness.

2:23.0

Which by the way, I think that specific title is one of our best titles. Yeah, yeah, money, your brain, and buying happiness.

2:30.0

It feels like that your brain on drugs kind of thing. The Friday. Right. Yeah.

2:35.0

I'm particularly fascinated by behavioral finance and kind of what makes us tick and what makes us do what we do.

2:40.0

And I think sometimes when we understand kind of what's happening beneath the surface when it comes to the actions that are causing us to delay saving to actually accrue debt to buy more stuff.

2:52.0

Just that awareness can help us then begin to curb some of those habits that have become ingrained and that are leading us down a path of handling our finances poorly.

...

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