Episode 10: Financial Options In Life
Episode 10: Financial Options In Life
“Nothing outside of your own mind can be truly said to be positive or negative.”
Financial Options is one of the five strands of Financial Wellbeing. One way to increase Financial Options in life is to simply have more money, but in this Podcast Chris and David explain what to do when having more money isn’t an option for you. They discuss how the largely unstudied area of permission and self-limiting beliefs can be an obstacle to creating more options in life, as well as the role of luck – citing the immortal words of Gary Player:
“The more I practice, the luckier I seem to get.”
We have tips from professional Financial Planners @hattipnick and @cashquestions, one of which involves footwear…
Chris and David weigh in on that famous question “Does Money Make You Happy?” and examine more specifically the question of “When does money not make you any happier?”, discussing a study comparing the wellbeing of amputees and lottery winners – the results of which may very well surprise you.
The two books discussed are Wellbeing by Tom Rath and Jim Harter and The Antidote by Oliver Burkeman.
Most importantly, though, we have an update on Chris’ famous canoe.
0:28 – Canoe Announcement
3:05 – Tweets – @hattipnick, @cashquestions
7:26 – Gallup survey linking happiness to GDP
8:55 – The basics of a Financial Plan
10:40 – The importance of conscious decision-making
11:00 – Selling a business
11:35 – The sound engineer
13:00 – Permission
14:22 – Financial Wellbeing Workshop
16:00 – Motivations
18:30 – Peer pressure & stoicism
18:50 – “Nothing outside your own mind can be truly said to be positive or negative”
20:30 – Survey comparing the Wellbeing of amputees and lottery winners
23:44 – The role of luck