The Surprising Ties Between Money & Relationships with Joel Larsgaard
Dec 3, 2023
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Joel Larsgaard discusses how childhood experiences shaped his relationship with money, the dangers of wealth, achieving financial comfort, and the impact of personal values and preferences. He expresses concern over nihilism and emphasizes the importance of financial education from an early age. Joel also explores investing in relationships and how it influences personal financial health.
Being true to yourself and not conforming to societal norms is essential for financial well-being.
Involving children in money conversations from a young age teaches them about earning, saving, and thoughtful spending decisions.
Finding a balance between saving money and enjoying life is important, as hyper-focus on saving can lead to regrets and missed opportunities.
Deep dives
Living Differently and Embracing Weirdness
Joel emphasizes the importance of living differently and embracing your own unique lifestyle choices when it comes to money. He believes that being true to yourself and not conforming to societal norms is essential for financial well-being. By making unconventional choices and not being afraid to stand out, individuals can have more control over their finances and align their spending with their values.
Involving Kids in Money Conversations
Joel emphasizes the importance of involving children in money conversations from a young age. He believes in modeling good financial behaviors and teaching kids about earning money, saving, and making thoughtful spending decisions. Joel highlights the significance of starting these discussions early and allowing children to experience the connection between work, money, and decision-making.
Balancing Frugality and Enjoyment
Joel shares his personal fumble of being excessively frugal and realizing the importance of finding a balance between saving money and enjoying life. He learned that being hyper-focused on saving without considering the value and quality of purchases can lead to regrets and missed opportunities. Joel encourages individuals to spend intentionally on things that truly matter to them, even if they may seem unconventional or frivolous to others.
The Power of Individual Actions
The podcast emphasizes the importance of individual actions in making positive changes. It discusses how even small changes, such as consuming less and biking to work, can have a significant impact on personal well-being and the environment. The speaker suggests that focusing on micro-scale changes within one's control is more effective than trying to influence macro-scale issues. They argue that change is made in community and interpersonal relationships, and that genuine connections and kindness towards others can contribute to making the world a better place.
The Transfer of Stress and Overcoming Money Worries
The podcast explores how stress can transfer from money worries to other aspects of life, such as health and mortality. It acknowledges that money stress may not completely disappear even with financial stability, but highlights the importance of striving to improve financial well-being to alleviate certain stressors. The discussion touches upon the potential negative consequences of having too much money, such as strained relationships and suspicion. The speaker advocates for simplicity, community engagement, and nurturing relationships as key factors in reducing stress and achieving overall well-being.
In this episode of Weird Finance, Paco speaks with Joel Larsgaard about how his childhood experiences shaped his relationship with money and catalyzed his personal finance journey. Joel discusses the evolving world of podcasting, the dangers of having too much money, and the importance of reaching financial comfort - a point where money doesn't burden you with stress. He emphasizes the crucial role of personal values and preferences and the impact of childhood experiences on financial decisions. In a captivating conversation, Joel expresses concern over the rise of nihilism and hopelessness concerning the financial system among young people. He also shares his insights on the importance of financial education from an early age. Lastly, Joel explores the significance of investing in relationships and how this can influence personal financial health.
Joel Larsgaard has been obsessed with personal finance for more than 15 years now. Exploring the world of money and the impact that money decisions have on our everyday lives has always been more than just a job for Joel. It's his goal to see How to Money (@howtomoneypod) listeners & readers thrive by giving them the advice and tools they need to succeed and build wealth over the long haul.
This episode also features The Price Report, a short segment with Michael “Frosti” Snow (@FrostiFresh), where he takes us on a journey, examining the cost of one thing in the hopes that it helps us better understand everything. This week, we’re exploring the cost of
A special thanks to the talented and generous Ramsey Yount for producing, editing, and sound designing this episode.
Thank you to Jenna and Andrew Parker for lending your voice for our special PSA.
The theme music was written and performed by Andrew Parker, Jenna Parker, and Paco de Leon.
If you’d like to contact us about the show or ask Paco a question about finances, call our hotline at 1-833-ASK-PACO, email us at weirdfinancepod (at) gmail.com or submit your questions here. We’d also love your listener feedback about the show; here’s a short survey.