Behavior Gap Radio

In this episode of Behavior Gap Radio, Carl uncovers the illusion many of us have fallen victim to—the Arrival Fallacy. With excitement, he shares that this phenomenon, where we believe reaching a goal or destination will bring lasting happiness, finally has a name. Carl explores how we often say, "When I have this much money, I'll be secure," or "Once I reach this goal, I'll be happy," only to find that the reality doesn't match the expectation. The Arrival Fallacy, as Carl names it, leads to a double whammy, leaving us feeling worse for expecting happiness upon reaching our destination and not getting it. Carl encourages listeners to beware of this fallacy, emphasizing the beauty of the present moment and the fact that life is as good as it gets right now. Listen to this episode to become aware of the Arrival Fallacy in 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/

In this episode of Behavior Gap Radio, Carl delves into a profound question: How do we determine our needs, wants, and desires? Carl reflects on his recent in-person workshop and the challenge of navigating consumer society. Drawing insights from John Kenneth Galbraith's concept of the dependence effect, Carl explores the idea that consumer demand is driven more by advertising and marketing than genuine human needs. He reframes this as an opportunity to practice mindfulness in our financial decisions, emphasizing the importance of understanding the values behind our desires. Carl invites listeners to explore the beautiful practice of being conscious consumers in a world filled with constant stimuli. Tune in to unravel the mysteries of your financial motivations and embark on the journey of intentional living.Do you want to book Carl to speak at your next conference or event? Email hello@behaviorgap.com.

What's the first feeling that arises when you think about money or see a money symbol? Drawing from insights shared by the audience, Carl reflects on a range of emotions, including jealousy, fear, and even opportunity. He emphasizes the importance of noticing these feelings without judgment and shares a powerful approach: observing them as a non-judgmental outsider, saying, "Isn't that interesting?" Carl explores the transformation that occurs when benign neglect is applied to these emotions, allowing the act of attention to naturally bring about positive change. Listen to this episode of Behavior Gap Radio to uncover the power of self-awareness in reshaping your relationship with money!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/

Explore the pivotal role of purpose in making sound financial decisions, likening it to a guiding lens for money choices. Delve into purpose discovery, identity, and the connection between decision-making and clarity in financial matters.

Carl shares a thrilling update on his four-year project, which has evolved into a captivating podcast called "50 Fires," with executive producers Chip and Joanna Gaines at Magnolia and a distribution deal with Warner Brothers. Set to launch in 2023, "50 Fires" explores the intersection of money and meaning. Carl offers a sneak peek into a recent interview with Breaking Bad's Dean Norris (who played the character Hank). Dean equates money with the number of months he can go without working. The episode provides a unique perspective on how artists, including comedians, chefs, and musicians, view money as a resource that grants them artistic freedom. Carl reflects on the insights gained from these individuals and invites listeners to join him on this exciting new podcast journey.Listen to 50 Fires: Money and Meaning with Carl Richards: https://apple.co/47o5vP0Hear the episode "Breaking Bad’s Dean Norris Has Always Lived Within His Means" Carl references in this episode: https://podcasts.apple.com/us/podcast/breaking-bads-dean-norris-has-always-lived-within-his-means/id1709551590?i=1000638409268

Carl explores the concept of lightness, contemplating what it means to carry a lighter load in terms of future goals and intentions. He shares a transformative shift in his perspective, acknowledging that the responsibility of shaping the next 10 years need not feel like a heavy burden. Carl reflects on the idea of turning the responsibility of his life over to God, allowing for a more playful and light approach to his work. Drawing on metaphors from whitewater rafting and Nordic skiing, he challenges the conventional narrative of hard work and proposes a more graceful and intentional engagement with life's uncertainties.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/

In this episode of Behavior Gap Radio, Carl dives into the world of "fancy financial feelings." As Carl explores the nuances of coveting, envy, and jealousy, he challenges societal norms around discussing these emotions. Carl invites listeners to join him in exploring these forbidden financial feelings!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/

In this episode of Behavior Gap Radio, Carl explores the common excuse of labeling unexpected expenses as "one-time" occurrences, only to discover that life is full of unforeseen events. Reflecting on the recent chaos caused by utility workers in his neighborhood and the resulting costly damages, Carl questions the tendency to overlook the predictability of unpredictability. Listen in as Carl shares a refreshing perspective on navigating life's surprises!

How do you navigate the age-old struggle of finding a balance between living in the present and pursuing future goals? Carl explores the concept of being committed but not attached and examines the depth of that paradox. He reflects on the challenge of going all-in on a goal while still maintaining a sense of detachment from the outcome. 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/

On today's episode of Behavior Gap Radio, Carl shares a personal story that spans years revolving around mysterious foot cramps. Through the lens of his health concerns and family history with Parkinson's, Carl explores the power of stories we tell ourselves. Listen in and reflect on the narratives you create and how easily confirmation bias can shape your perception!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/