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The Human Side of Money

131: The Soul of Wealth: Connecting Money and Meaning with Dr. Daniel Crosby

Jan 29, 2025
Dr. Daniel Crosby, a behavioral finance expert and author of "Soul of Wealth," discusses the deeper meanings behind money. He argues that money should be a tool for enhancing happiness, not just an end goal. Learn how to prioritize time over money and use gratitude to boost well-being. Crosby shares personal stories linking health and wealth and offers insights on how to cope with market uncertainty. He emphasizes that true wealth encompasses fulfillment and aligning spending with personal values.
01:19:49

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • True wealth encompasses more than financial success, emphasizing the importance of health and well-being in achieving life satisfaction.
  • Using money effectively involves prioritizing spending that aligns with personal values, fostering a deeper sense of meaning and fulfillment.

Deep dives

Understanding Self-Determination Theory

Self-determination theory is pivotal in understanding motivation, focusing on three core elements: mastery, autonomy, and purpose. Mastery refers to the desire to improve and excel at tasks, while autonomy emphasizes having the freedom to pursue goals on one's terms. Purpose connects motivations to a greater cause or significance, enhancing engagement and satisfaction in tasks. Leveraging these elements can significantly boost productivity and intrinsic motivation, making it essential for anyone looking to enhance their personal development or professional practice.

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