#239 Daniel Crosby - The Psychology of Wealth & Happiness

Aug 28, 2024

In this enlightening discussion, Daniel Crosby, a renowned psychologist and behavioral finance expert, tackles the misconception that money equals happiness. He reveals the psychological traps that hinder our quest for true wealth and joy. Topics include the surprising limits of income on happiness, the importance of community and experiences, and actionable strategies to rewire our thinking for better financial decisions. Crosby emphasizes embracing individuality and personal responsibility as keys to achieving lasting fulfillment and success.

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Intro

00:00 • 4min

Harnessing Happiness and Social Influence

04:09 • 7min

Wealth, Happiness, and the Pursuit of Fulfillment

11:21 • 17min

The Interplay of Mental Health and Societal Well-Being

28:36 • 2min

Embracing Uniqueness for Success

30:28 • 9min

Owning Your Outcomes: The Power of Locus of Control

39:45 • 5min

Empowerment Through Responsibility

45:08 • 18min

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Ever wonder why money doesn’t bring the happiness you expected?

Dr. Daniel Crosby, renowned psychologist and behavioral finance expert joins us on today’s episode of Kickoff Session to reveal the psychological traps that could be holding you back from achieving true wealth and happiness.

We dive deep into mental biases, how money influences our happiness, and how you can rewire your brain to make smarter financial decisions.

Daniel also offers actionable advice on how to break free from these destructive patterns and master the mental game of investing. We also explore the importance of mindset, discipline, and self-awareness in building not just financial success, but a fulfilling life.

Ready to stop sabotaging your financial future and start making decisions that lead to lasting wealth and happiness?

Hit that like button, subscribe for more life-changing insights, and share your thoughts or questions in the comments below!

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Connect with Daniel:
LinkedIn: https://www.linkedin.com/in/danielcrosby

My Socials:
Instagram - https://www.instagram.com/darrenlee.ks
LinkedIn - https://www.linkedin.com/in/darren-lee1

(00:00) Preview and Intro
(00:57) The Search for Money and Meaning in Life
(01:51) Link Between Genetics and Happiness
(04:09) Importance of Gratitude and Exercise
(06:24) Influence of Your Social Circle
(08:43) Predictors of Behavioral Patterns
(11:29) Money and Happiness: A Complex Relationship
(18:10) Defining Happiness: Reality vs. Expectations
(20:59) The PERMA Model
(28:46) Addressing Modern Challenges and Mental Health
(30:28) Being Rich Requires Being Weird?
(41:48) How to Own Your Outcomes
(56:56) The Psychology of Human Mind
(1:02:34) Final Thoughts and Conclusion

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