Dr. Daniel Crosby - Money Isn’t About the Numbers (from the Soul of Wealth)
Feb 8, 2024
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Dr. Daniel Crosby, an expert in money and wealth, discusses the emotional impact of losing a friend on Alexander the Great, the true nature of wealth and its impact on happiness and fulfillment, the importance of relationships and the value of work, and the importance of accomplishment and fulfillment in life. He emphasizes the need to focus on various sources of fulfillment beyond financial goals.
True wealth goes beyond financial success and involves meaningful relationships, personal growth, and a sense of fulfillment.
Society tends to prioritize numbers and material values, but regret in later years often revolves around not working too hard, not living authentically, and neglecting relationships.
Deep dives
The Importance of True Wealth
The podcast episode explores the concept of true wealth and emphasizes that it is not just about the numbers. It highlights the story of Alexander the Great, who despite his immense wealth and accomplishments, was ultimately undone by the death of his close friend. The episode suggests that real wealth goes beyond financial success and involves aspects such as meaningful relationships, personal growth, and a sense of fulfillment. It encourages listeners to reflect on their own goals and prioritize elements of life that bring long-lasting joy and happiness.
The Disconnect Between Short-Term and Long-Term Goals
The podcast discusses the disconnect between the goals people set in their prime years versus the regrets they have later in life. It mentions that goals in younger years often focus on numbers and material achievements like fitness, finance, and career success. However, when reflecting on their lives, people express regrets about not working too hard, not living authentically, and not nurturing relationships. It argues that this disconnect demonstrates society's tendency to pursue numbers and material values, without considering what truly matters in the long run.
The Perma Model and Retirement
The episode introduces the Perma framework, a model for human flourishing, and explains how work can fulfill many of the pillars of Perma – positive emotions, engagement, relationships, meaning, and accomplishment. It suggests that retirement, often seen as a financial goal, overlooks the non-financial aspects of life that contribute to happiness and fulfillment. The podcast highlights the higher depression rates among retirees and encourages listeners to consider all aspects of their well-being, making small changes in areas like relationships or personal growth to prepare for retirement and overall happiness.
What strategy did Alexander the Great use to overtake Tyre in 332 BC? Why did this military victory leave Alexander feeling more grief stricken than triumphant in the end?
Why did Hephaestion’s death mark a turning point for the Macedonian Empire?
What are “The Top Five Regrets of the Dying?”
What makes up Martin Seligman’s “PERMA” model of well-being and how can we apply this in our own lives?