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The Money with Katie Show

The Cognitive Dissonance of "Getting Rich" and Imagining a Better "American Dream"

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.81.3K Ratings

🗓️ 3 July 2024

⏱️ 80 minutes

🧾️ Download transcript

Summary

I recently wrote an article reflecting on the fact that an awareness of the systems you exist within can empower you to make even savvier individual decisions for yourself. But sometimes, when you’re carving out a safe, secure, full life under capitalism, the thing that’s better for you makes things worse for others. So it leads me to this question: How do we have a good relationship with money in an uncertain world, and how do we stay true to our ethical code while taking care of ourselves and our futures? I wanted to invite two people I admire—feminist writer Caroline Burke and author, artist, and bookkeeper Paco de Leon—to talk about it more. Transcripts, show notes, production credits, and more can be found at: https://moneywithkatie.com/cognitive-dissonance-wealth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I do think that to exist in modern society is to navigate constantly compromising what

0:11.0

it means to be a good person.

0:12.8

And I don't think that's necessarily a bad thing.

0:15.9

I think that there's an inherent tension

0:18.6

in the idea of being good.

0:21.0

And I think that's where this whole frustration comes along,

0:25.0

because if you're a good person, then you wouldn't maybe

0:28.0

invest your money because investing is inherently exploitative.

0:33.0

Or if you're a good person, then you won't invest your money

0:36.9

because to invest your money means that you are basically

0:41.8

accepting that runaway capitalism wins and that we need to have

0:46.6

as many coins and screw Mother Earth. You can still be a good person and you can

0:50.7

still invest and I think understanding and really like internalizing that those two things right the duality those two things can be true at the same time I think that that's a bigger challenge. The message that I would like for people to hear is that please as you build wealth, please resist the desire to become corrupted. Welcome back to the money with Katie's show Rich People.

1:20.0

I'm your host Katie Gaddy Tossan and Welcome back to the Money with Katie's show, Rich People.

1:22.8

I'm your host, Katie Gaddy Tossan,

1:24.6

and today's episode is going to be a little more wide-ranging and fluid

1:29.5

than this show typically is. So it's a bit of a peak behind the production curtain. Normally I

1:40.3

research and I write the entirety of what you hear on this show with the exception

1:45.6

of what our guests say in their interviews. I usually have a conclusion that I want you to take

1:51.0

away right from the very beginning of production. I like to plan from top to

1:56.4

bottom exactly how a final cut is going to turn out because I'm a control freak, don't know but today I am making a different

2:06.6

stylistic choice that I think is a little bit more befitting of our topic which is

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