So Money with Farnoosh Torabi cover image

So Money with Farnoosh Torabi

1769: Best of So Money: Top Science-Backed Ways to Build Wealth

Jan 1, 2025
Daniel Crosby, a psychologist and author known for his work on behavioral finance, joins to share insights on building wealth. He emphasizes the importance of emotional conversations about money and how they shape our financial decisions. The discussion also covers the concept of 'enough'—finding satisfaction with money beyond mere accumulation. Listeners learn about navigating financial burnout, and how understanding rather than judgment can strengthen financial partnerships. Practical strategies and scientific insights underscore the journey to financial well-being.
32:14

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Establishing emotional alignment is crucial in financial discussions, allowing partners to understand each other's anxieties before focusing on practical budgeting.
  • Defining specific and meaningful financial goals enhances accountability and commitment, ensuring individuals align their wealth-building efforts with personal values and fulfillment.

Deep dives

The Emotional Role of Money Conversations

Conversations about money often struggle due to a lack of emotional alignment between partners. When individuals engage in discussions around finances, it is crucial to distinguish between emotional, practical, and social conversations. Emotional discussions involve expressing feelings of anxiety, guilt, or uncertainty, while practical conversations focus on budgeting and financial planning. Achieving understanding requires participants to first share their emotional states before transitioning into productive discussions about money management.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode