The Diary Of A CEO with Steven Bartlett Moment 75 - What You Think You Know About Money Is Wrong: Mo Gowdat
22 snips
Sep 16, 2022 
Mo Gawdat, former chief business officer at Google X and author of 'Solve for Happy', challenges conventional views on money and happiness. He posits that much of what we think we know about wealth is flawed and emphasizes the importance of prioritizing needs over wants. By examining our desires, Gawdat argues we can eliminate toxic habits and find true peace. Money, he suggests, should serve our purpose, not define it, highlighting that happiness comes not from how much we have, but from how content we are with what we possess.
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Money as Illusion
- Money is an illusion; banks create it when you borrow, and it only exists when you repay.
- We chase money's acquisition without fully grasping its associated costs, like time and stress.
Prioritizing Basic Needs
- Focus on your basic needs like food and shelter, rather than material possessions.
- Consider the actual value and trade-offs (e.g., time with loved ones) before making purchases.
Safety Beyond Money
- Money doesn't guarantee safety; true safety is an attitude and resourcefulness.
- Develop the mindset that you can acquire resources when needed instead of constantly chasing them.