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Something You Should Know

The Psychology of Money & Why Attractive People Get Better Treatment

Something You Should Know

Mike Carruthers | OmniCastMedia

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

4.54.3K Ratings

🗓️ 17 September 2020

⏱️ 45 minutes

🧾️ Download transcript

Summary

With all we know about how medicine works, we still don’t understand the placebo effect very well. Yet, by all accounts it is very powerful. This episode begins with some interesting research that seems to show that believing you are healthy really makes it so. Source: Howard Brody, M.D. author of “The Placebo Response” (https://amzn.to/2ZzmXzH) Money is a tricky subject for just about everyone. Of course there is the “math of money” that shows how money works numerically but there is also how we feel about money. For example, most experts agree that paying off your mortgage is a bad idea, yet many people feel great when they do it. So, who is right? Joining me to discuss why your attitudes about money are just as important as the math is Morgan Housel. He is a partner at the Collaborative Fund and has been a columnist for the Wall Street Journal and the Motley Fool. Morgan is also author of the book The Psychology of Money (https://amzn.to/2Ftrrkb) When was the last time you cleaned your car seats? Think about all the times people come in and out of your car and all the stuff they have with them. When you hear this, you will want to clean your seats very soon and clean them very well. https://www.dailymail.co.uk/femail/article-8712437/Disgusting-video-proves-washing-car-seats-dark-upholstery-often.html Everyone has witnessed a time when an attractive person got preferential treatment. Good looking people get out of speeding tickets, they get better tables at restaurants, they make more money and they get promoted faster. And it turns out that just about all of us are likely to treat attractive people better. Why? To answer that and explain the ramifications of all of this is Daniel Hamermesh. He is an economist, and a Professor of Economics at Royal Holloway, University of London and author of the book Beauty Pays: Why Attractive People Are More Successful. (https://amzn.to/2FskwrE) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:26.6

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0:31.0

Today on something you should know,

0:34.7

why believing your healthy seems to make it so?

0:38.5

Then, how you think about money and why it's often so hard to manage?

0:43.5

There's never a sense of enough for most people.

0:46.9

And to me the most important but also the hardest financial skill

0:50.5

is getting the goalposts to stop moving.

0:52.6

It's very difficult to do, but if you think about it,

0:55.1

that is the only way to gain any sort of happiness with the money that you have.

0:58.8

Also, when was the last time you've cleaned your car seats?

1:02.3

I mean, really cleaned them.

1:04.4

And have you ever noticed how attractive people often seem to get better treatment

1:08.7

from just about everyone?

1:10.6

We prefer to deal with better looking people.

...

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