137. The 80/20 rule of money - Don’t let perfect be the enemy of the good
We tackle one of the biggest mental roadblocks to wealth: the search for perfection that leads to over-optimization and analysis paralysis. If you’ve ever frozen up while trying to find the absolute best investment or budgeting tool, you're not alone. We break down the 80/20 rule of money, arguing that the simple, boring choices are the real secrets to financial progress, not chasing tiny advantages. Stop letting the fear of imperfection cost you years of compounding growth; simplicity is often better than perfection.Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/137-the-80-20-rule-of-money-dont-let-perfect-be-the-enemy-of-the-good/
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56:59
136. The Art of Spending Money: Morgan Housel Book Review
We are discussing Morgan Housel's new book, The Art of Spending Money, and exploring the psychological and practical challenges of how we spend money to maximize happiness and utility. We dive into the core concepts of the book, contrasting the typical financial focus on accumulation with the crucial art of mindful spending. We discuss how our individual life experiences deeply influence our money stories, leading to the insight that "all behavior makes sense with enough information." The discussion includes a debate on whether spending is driven by genuine utility or simply the desire to impress others, and the powerful role of managing expectations as a key to increasing contentment and wealth. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/136-the-art-of-spending-money-morgan-housel-book-review/
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1:13:31
135. The get rich quick trap - Why slow and boring wins the money race
People confuse luck for skill when it comes to investments. Your path to wealth isn’t a sprint; it’s a patient, consistent marathon. We tear down the seductive fantasy of getting rich quickly, and reveal why those instant-success pitches are almost always traps preying on your fears of missing out and your desire to get rich quickly. We share why we embrace the boring basics and how, when it comes to money, the simplest, most consistent strategy is truly the best one. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/135-the-get-rich-quick-trap-why-slow-and-boring-wins-the-money-race/
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39:23
134. Finding happiness through ancient wisdom, the Epicurus way
Stop chasing the next big purchase and start finding genuine contentment. The world tells us that more money, more stuff, and a higher status equal happiness, yet we only feel more anxious and unfulfilled. Enter the ancient philosopher Epicurus, who flips the script on modern consumerism. We discuss how the Epicurean pursuit of tranquility and freedom from pain is the shortest, most reliable path to happiness and financial independence. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/134-finding-happiness-through-ancient-wisdom-the-epicurus-way/
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48:54
133. Five ways to reset holiday expectations
The holidays are meant to be about joy, but somewhere along the way, we've let them become a source of stress, guilt, and financial and emotional strain. We’ve all felt the pressure to overspend, over-commit, and keep up with picture-perfect social media feeds. We offer a practical antidote to the madness, with five actionable ways to reset your holiday expectations using an "inside out" approach that prioritizes your peace and financial well-being. Learn how to identify your true core values and use them as a simple filter to cut back on time, money, and emotional spending that doesn't align with your goals. We also provide clear, direct scripts for navigating the awkward "gift-free" conversation, setting necessary boundaries with family.Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/133-five-ways-to-reset-holiday-expectations/
A personal finance podcast redefining wealth from the inside out. Weekly podcasts with host Maggie and a rotating set of co-hosts: Greg, Liz, Andrew, and Erica.
New Zealand