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Episode 3217:
Chris from Keep Thrifty explores how our emotional relationship with money evolves through three distinct phases: stress, excitement, and indifference. By shifting your mindset from scarcity to self-awareness, you can stop letting money control your choices and instead use it as a tool to design a life aligned with your values.
Read along with the original article(s) here: https://www.keepthrifty.com/2017/04/17/three-phases-money-feelings/
Quotes to ponder:
"Money stress is a destroyer of marriages, health, and happiness."
"The biggest risk of money excitement is viewing money as the goal instead of a goal enabler."
"The ultimate state we can hope to achieve is to eliminate money as a factor in our decision-making."
Episode references:
High income and happiness study by Kahneman & Deaton: https://www.pnas.org/content/107/38/16489
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Optimal Finance Daily - Financial Independence and Money Advice