The Importance of Expectations

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Stephen Hawking said that his expectations were reduced to zero when he was 21. That's quite a lesson, isn't it? And I think it applies to lots of things, including money, of course. People get excited and happy and emotional when they are surprised. We spend so much effort trying to improve our income and our career skills. But on the other side, there is almost a complete ignorance of expectations.

This episode covers a hard topic about money: What you want more than anything is everything you can't have.

Your brain doesn’t want stuff. It doesn’t even want new stuff. It wants to engage in the process and anticipation of getting new stuff.

The change, not the amount, is what matters.

When it comes to happiness and money, it's not about how much you have. It's about the change in how much you have.

Special cameo from Richard Nixon.