Behavior Gap Radio

There’s this old mountaineering strategy called siege style.You drag everything up the mountain: extra oxygen, fixed ropes, backup boots, food for weeks, a team of porters.It works. But it’s heavy. Slow. Complicated. Sometimes, it leaves a mess.Then came a new idea: alpine style.What’s the minimum amount of gear we can bring and still make it to the top?It’s lighter. Faster. Riskier, maybe.But the quality of the experience? Higher. Way higher.So here’s my question:Are we climbing our financial mountains with siege mentality or alpine style?Because all that extra stuff—bank accounts you forgot about, old investment logins, tools you don’t use, subscriptions you meant to cancel—can start to get in the way.It feels productive until it doesn’t.At some point, the stuff stops adding value and starts subtracting from the experience.This sketch is just a simple downward sloping line: More stuff = Lower quality of experience.And if I’m honest?Sometimes I look at my own financial setup and think…“I might be dragging too much up the mountain.”This sketch is #76 in the new book. It’s called Alpine Style Life. You’ll find it in ​Your Money: Reimagining Wealth in 101 Simple Sketches​, coming October 21, 2025.If you want a preview, I’ve put together a beautifully designed excerpt with seven of my favorite essays and sketches. 📩 Just email hello@behaviorgap.com with the subject line "Friend of Carl" and we’ll send it to you.You can pre-order the book now. My recommendation? Order one copy from ​Amazon​ and one from ​your favorite local bookstore​.We held a special book launch conversation on September 30 with New York Times money columnist Ron Lieber. If you missed it live, good news: 🎥 ​Watch the full recording on YouTube here.​ We hope it sparks some meaningful conversations for you and those you care about.

When markets get scary, most people yell: DO SOMETHING!And most advisors respond with stats, charts, and long-term return arguments.But that’s not what people actually need.At least, not first.This is a behind-the-scenes look at one of my favorite essays in my new book, Your Money: Reimagining Wealth in 101 Simple Sketches.It’s called “Scary Markets Hugs.” Because before we talk about data and discipline, we need to talk about being human.🎁 Want a preview of the book?Email hello@behaviorgap.com with the subject line "Friend of Carl" and we’ll send you seven of my favorite sketches and essays in the book.📚 Pre-order now:My recommendation? One copy from Amazon and one from your favorite local bookstore!• Amazon: https://www.amazon.com/Your-Money-Reimagining-Wealth-Sketches/dp/1804091715• Local bookstores: https://bookshop.org/p/books/your-money-reimagining-wealth-in-97-simple-sketches-carl-richards/22111257?ean=9781804091715• Bulk orders (25+ copies): Use code YourMoney5 at checkout for an additional 5% off the already discounted bulk order pricing: https://bulkbooks.com/products/your-money-reimagining-wealth-in-simple-sketches

Every investor has felt it.The panic.The urge to act.The voice in your head saying: “Just get me out.”This is The Big Mistake.And if you’re not careful, it can undo years of thoughtful planning.In this video, I share the story behind one of my favorite sketches: The Big Mistake.This sketch and essay are #54 of 101 in my new book, Your Money: Reimagining Wealth in 101 Simple Sketches.🎁 Want a preview of the book?Email hello@behaviorgap.com with the subject line "Friend of Carl" and we’ll send you seven of my favorite sketches and essays in the book.📚 Pre-order now:My recommendation? One copy from Amazon and one from your favorite local bookstore!• Amazon: https://www.amazon.com/Your-Money-Reimagining-Wealth-Sketches/dp/1804091715• Local bookstores: https://bookshop.org/p/books/your-money-reimagining-wealth-in-97-simple-sketches-carl-richards/22111257?ean=9781804091715• Bulk orders (25+ copies): Use code YourMoney5 at checkout for an additional 5% off the already discounted bulk order pricing: https://bulkbooks.com/products/your-money-reimagining-wealth-in-simple-sketches

This might be the simplest sketch I’ve ever made.It’s just four shapes and one word: Diversification.But if you’ve ever built a REAL portfolio, you know exactly what it means.Here’s the uncomfortable truth most people miss: If you’re diversified the right way, you’ll always own something you don’t like.In this behind-the-scenes video, I unpack why that’s true... and why it’s actually a good thing.This sketch is part of my new book, Your Money: Reimagining Wealth in Simple Sketches, out October 2025.🎁 Want a preview of the book?Email hello@behaviorgap.com with the subject line "Friend of Carl" and we’ll send you seven of my favorite sketches and essays in the book.📚 Pre-order now:My recommendation? One copy from Amazon and one from your favorite local bookstore!• Amazon: https://www.amazon.com/Your-Money-Reimagining-Wealth-Sketches/dp/1804091715• Local bookstores: https://bookshop.org/p/books/your-money-reimagining-wealth-in-97-simple-sketches-carl-richards/22111257?ean=9781804091715• Bulk orders (25+ copies): Use code YourMoney5 at checkout for an additional 5% off the already discounted bulk order pricing: https://bulkbooks.com/products/your-money-reimagining-wealth-in-simple-sketches

In this episode of Behavior Gap Radio, Carl introduces a new framework he’s been exploring for decades: the discipline of fullness. Inspired by natural lifestyle advocate Tony Riddle’s audacious barefoot running project, Carl unpacks how living a full, intentional life isn’t about white-knuckled discipline or deprivation. Instead, it’s about filling your days with nourishing commitments—family, rest, meaningful work, movement—so there’s no space left for distractions. Tune in as Carl shares stories, analogies, and experiments to consider what it means to let fullness, not scarcity, shape your life.Want more from Carl? Get the shortest, most impactful weekly email on the web! Sign up for the Weekly Letter from Certified Financial Planner™ and New York Times columnist Carl Richards here: https://behaviorgap.com/ 

After an unplanned two-month break, Carl returns to Behavior Gap Radio with reflections on routines, streaks, and what truly matters. In this episode, he shares how stepping away revealed the difference between serving a tool and letting a tool serve you. From creative practices to daily habits, Carl explores how to use routines in ways that support a meaningful life—without losing the plot along the way.Want more from Carl? Get the shortest, most impactful weekly email on the web! Sign up for the Weekly Letter from Certified Financial Planner™ and New York Times columnist Carl Richards here: https://behaviorgap.com/ 

Most budgeting advice feels like punishment.That’s how it felt to me, too... until I realized something simple but powerful:💡 Money’s natural state is motion. That’s why we call it currency!💡 And what really matters? Paying attention to where it’s going.In this behind-the-scenes video, I talk about one of my favorite essays and sketches from my new book, Your Money: Reimagining Wealth in Simple Sketches.This one is called Cash Flow Love, and it completely changed the way I think about budgeting.If you’ve ever felt shame, guilt, or frustration when trying to manage your money, this might help you see things in a new way.🎁 Want a preview of the book?Email hello@behaviorgap.com with the subject line "Friend of Carl" and we’ll send you seven of my favorite sketches and essays in the book.📚 Pre-order now:My recommendation? One copy from Amazon and one from your favorite local bookstore!• Amazon: https://www.amazon.com/Your-Money-Reimagining-Wealth-Sketches/dp/1804091715• Local bookstores: https://bookshop.org/p/books/your-money-reimagining-wealth-in-97-simple-sketches-carl-richards/22111257?ean=9781804091715• Bulk orders (25+ copies): Use code YourMoney5 at checkout for an additional 5% off the already discounted bulk order pricing: https://bulkbooks.com/products/your-money-reimagining-wealth-in-simple-sketches

We’ve been told to spend less. Cut back. Control ourselves.But what if we practiced spending better instead?This is my behind-the-scenes thinking that shaped essay #30 in my new book, Your Money, coming out in October 2025. The essay is called “The Spending Practice."This essay talks about guilt, values, and why learning to spend with intention might just be the most radical financial move you can make.🎁 Want a preview of the book?Email hello@behaviorgap.com with the subject line "Friend of Carl" and we’ll send you seven of my favorite sketches and essays in the book.📚 Pre-order now:My recommendation? One copy from Amazon and one from your favorite local bookstore!• Amazon: https://www.amazon.com/Your-Money-Reimagining-Wealth-Sketches/dp/1804091715• Local bookstores: https://bookshop.org/p/books/your-money-reimagining-wealth-in-97-simple-sketches-carl-richards/22111257?ean=9781804091715• Bulk orders (25+ copies): Use code YourMoney5 at checkout for an additional 5% off the already discounted bulk order pricing: https://bulkbooks.com/products/your-money-reimagining-wealth-in-simple-sketches

This essay is from my new book, "Your Money: Reimagining Wealth in Simple Sketches."It’s called “Enough Is Enough,” and in this episode, I unpack how we confuse more with better—and what it really means to have enough. It’s a story about investing, dessert, and clarity. Because enough can't be a number. If enough is a number, you'll never have enough. Enough is actually a state of being that we have to practice. This is my behind-the-scenes thinking that shaped essay #20 in the new book coming out in October 2025.This is the essay:We don’t know when to stop.I include myself in that.Sometimes, I stop by the grocery store, buy a pint of ice cream, and eat it.That’s right. The whole thing.I’ve noticed a predictable pattern when I do this:Bite 1: Best thing ever.Bites 2–10: Really good.Bites 11–15: Good.Bites 16–20: Meh.Bites 21+: I’m sick.I keep repeating this experiment, hoping for a different result.This behavior is called diminishing marginal utility. It’s not just about ice cream, but getting more of anything.Beyond a certain point, more stops making you feel better. If you keep going, more makes you sick.More becomes “too much.”The secret isn’t getting more.It’s knowing when to stop.🎁 Want a preview of the book?Email hello@behaviorgap.com with the subject line "Friend of Carl" and we’ll send you seven of my favorite sketches and essays in the book.📚 Pre-order now:My recommendation? One copy from Amazon and one from your favorite local bookstore!• Amazon: https://www.amazon.com/Your-Money-Reimagining-Wealth-Sketches/dp/1804091715• Local bookstores: https://bookshop.org/p/books/your-money-reimagining-wealth-in-97-simple-sketches-carl-richards/22111257?ean=9781804091715• Bulk orders (25+ copies) — Use code YourMoney5 at checkout for an additional 5% off the already discounted bulk order pricing: https://bulkbooks.com/products/your-money-reimagining-wealth-in-simple-sketches

This essay might be one of the most important from my new book, "Your Money: Reimagining Wealth in Simple Sketches."It’s called "Life Meets Money" and it’s about what really drives good financial decisions. Not markets. Not headlines. But the messy, human stuff underneath: goals, timing, fear, meaning.This is my behind-the-scenes thinking that shaped essay #10 in the new book coming out in October 2025.This is the essay:Good financial decisions happen at the intersection of what’s going on in your life and what’s going on in the markets and the economy.We start with a simple question. Then we get into the details, the nuances, the exceptions and trade-offs. Suddenly, things get very complicated.It’s complicated because two complex forces collide: your life and the markets. That intersection is where every good financial decision is made.🎁 Want a preview of the book?Email hello@behaviorgap.com with the subject line "Friend of Carl" and we’ll send you 7 of my favorite sketches and essays in the book.📚 Pre-order now:My recommendation? One copy from Amazon, one from your favorite local bookstore!• Amazon: https://www.amazon.com/Your-Money-Reimagining-Wealth-Sketches/dp/1804091715• Bulk orders (25+ copies) — Use code YourMoney5 at checkout for an additional 5% off the already discounted bulk order pricing: https://bulkbooks.com/products/your-money-reimagining-wealth-in-simple-sketches