The Interplay of Financial Well-Being and Life Satisfaction

Today, we welcome back Prof. Meir Statman to talk about the role of finances in well-being. We investigate the role of finances in well-being with Prof. Meir Statman through the lens of his new book, A Wealth of Well-Being. Discover why wealth advisors must evolve into well-being advisors and uncover the impact of finances on various life domains. From dating to education, we discuss the profound financial correlations shaping happiness and well-being. Tune in now! Key Points From This Episode:

(0:00:15) Introduction to returning guest, Prof. Meir Statman.

(0:02:15) How well-being fits into the study of behavioural finance.

(0:06:52) Discover the role of finances in different domains of life well-being.

(0:10:42) Hear why wealth advisors need to change to being well-being advisors.

(0:14:59) Explore the relationship between finances, social status, and overall well-being.

(0:19:46) Whether too much self-control in spending can be a problem.

(0:22:46) The effect of finances on dating and marriage and how work plays into well-being.

(0:26:42) Find out how education fits into well-being and why it is a major regret for people.

(0:32:36) Gain insights into how religion and faith can enhance well-being.

Links From Today’s Episode:

Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ 

Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/

Rational Reminder on X — https://twitter.com/RationalRemind

Rational Reminder on YouTube — https://www.youtube.com/channel/

Rational Reminder Email — info@rationalreminder.ca Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/ 

Benjamin on X — https://twitter.com/benjaminwfelix

Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/

Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/

Cameron on X — https://twitter.com/CameronPassmore

Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/

Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://twitter.com/MarkMcGrathCFP

Prof. Meir Statman — https://www.scu.edu/business/finance/faculty/statman/

Prof. Meir Statman on X — https://twitter.com/meirstatman 

Episode 258: Prof. Meir Statman — https://rationalreminder.ca/podcast/258

Meir's Book: A Wealth of Well-Being — https://www.amazon.com/Wealth-Well-Being-Holistic-Approach-Behavioral/dp/1394249675