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Afford Anything | Make Smart Money Choices

The Emotional Complexity of Money, with Dr. Dan Ariely

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 31 August 2020

⏱️ 56 minutes

🧾️ Download transcript

Summary

#273: Dr. Dan Ariely, famed behavioral economist and best-selling author of Predictably Irrational, returns to discuss how to handle the emotional and financial volatility of 2020. Specifically: Preparing for a job loss The value of resilience Handling emotional spending Cutting through the noise to find a signal. For more information, visit the show notes at https://affordanything.com/episode273 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:10.9

Every choice that you make is a trade-off against something else and that doesn't just

0:14.0

apply to your money.

0:15.2

That applies to your time, your focus, your energy, your attention.

0:19.1

Anything in your life that's a scarce or limited resource, saying yes to one thing implicitly

0:24.0

means, saying no to something else, and that leads to two questions.

0:28.4

Number one, what matters most to you?

0:30.8

And number two, how do you align your daily decisions in accordance?

0:35.1

Answering these two questions is a lifetime practice and that is what this podcast is here

0:39.2

to explore.

0:40.5

My name is Paula Pant.

0:41.5

I am the host of the Affordable Care and Affordable Care Podcast and today, Behavioral

0:44.8

Economist Dan Arelly joins us to talk about how to handle the emotional and financial

0:50.9

volatility of the year 2020.

0:53.8

Dr. Dan Arelly is the James B. Duke Professor of Psychology and Behavioral Economics at Duke

0:59.2

University.

1:00.2

He is the New York Times bestselling author of many books, including Predictably Irrational,

1:05.1

a book that challenges our assumptions about our ability to make rational decisions.

1:11.0

His TED Talks have been viewed more than 15 million times and in 2018, he was named one

1:16.9

of the 50 most influential living psychologists in the world.

1:22.6

Dr. Arelly is the Chief Behavioral Economist at Capital, an app that uses lessons for

1:27.1

behavioral economics to help its users build stronger money habits.

...

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