In this episode of Behavior Gap Radio, Carl delves into the impact that relationships have on our energy, one of the four essential sources of capital. He explores the idea of how certain people can energize us while others can drain our energy and highlights the importance of being mindful about who we invest our time with. By aligning our social interactions with those who leave us feeling recharged, we can create a surplus of energy, like a renewable resource. Tune in to reflect on your relationships and learn how to optimize your energy.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 often-overlooked concept of energy as a valuable source of capital alongside money, time, and attention. He reflects on how we invest, spend, or waste energy on things that either align with or detract from what matters most. Using personal examples, like the energy drain of checking news or podcast stats, Carl encourages listeners to reflect on their own energy usage and consider how aligning it more intentionally can lead to a more fulfilling 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, Carl invites you to join him for a thought experiment at your favorite coffee shop, where he draws a simple yet powerful symbol—a dollar sign. He explores the wide range of emotions and thoughts this symbol can provoke, from feelings of control to reflections on family legacies and financial struggles. Through stories shared by others, Carl highlights the deep personal meaning we often attach to money and invites you to reflect on your own reactions. What does the dollar sign stir in you? 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 reflects on the powerful and generous act of simply witnessing someone’s struggle, particularly when it comes to money. He explores the complexities of our relationship with money, from feelings of guilt over privilege to the shame of not having enough. Carl shares thoughtful conversation starters, such as asking about someone's first memory of money, to help create space for open and honest discussions. Tune in for a fresh perspective on the value of being a compassionate listener when it comes to the financial struggles we all face.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, Carl dives into the sneaky nature of confirmation bias, using a personal story about road biking and weight tracking to highlight how we often seek out evidence that supports decisions we've already made. Carl reflects on how this bias shaped his behavior and shares the "Confirmation Bias Prevention Program," a strategy focused on seeking out disconfirming evidence and engaging with opposing viewpoints. Learn why embracing the discomfort of being wrong is key to making better decisions.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 reflects on the powerful idea that "attention is the rarest and purest form of generosity," a thought-provoking quote from Simone Weil. As he works on his new book about aligning the use of personal capital with what matters most, Carl explores attention as one of the four key forms of capital. He invites listeners to consider how they invest their attention and the profound impact it has on relationships. Through personal anecdotes, Carl highlights the deep connections that arise when we give others our full attention, a rare and generous act in today's busy world.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, Carl delves into the profound question, "How much time do you have?"—exploring it both on a micro level, like during daily interactions, and on a macro level, as we contemplate our lives and mortality. He reflects on time as a form of capital, similar to money, energy, and attention, yet more elusive and harder to bank or store. Carl shares thought-provoking insights on how we invest time, how it aligns with what matters most, and the importance of making the most of it. It's a deep reflection on the nature of time and its role in our lives.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 reflects on a conversation with a friend about creative work, growth, and the tension between contentment and ambition. Drawing inspiration from a David Whyte poem, he explores the "why not me" mindset, the desire for personal and professional growth, and the struggle of comparison. Carl shares a powerful insight: Rather than trying to resolve the tension between being satisfied and wanting more, perhaps the tension itself is a gift. He encourages listeners to embrace this tension as a path to growth, both in life and in relationships.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, Carl dives into the often-overlooked challenge of confusing net worth with self-worth. He explores how society tends to equate material possessions and financial success with personal value, reflecting on how this mindset can erode self-esteem, especially in contexts like salary negotiations or unemployment. Carl shares a personal conversation with a friend who felt crushed by the impact of losing work and highlights the importance of finding sources of self-worth that are independent of income or status. This thought-provoking episode encourages listeners to reflect on how they perceive their own value.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 fascinating asymmetry of risk, exploring how it impacts both financial decisions and life in the mountains. Drawing inspiration from hedge fund manager Mark Spitznagel’s quote, "Profit is finite, risk is infinite," Carl unpacks the profound differences in how we experience gains and losses, whether in our portfolios or on a precarious mountain ridge. With compelling insights into compounding and loss aversion, he highlights strategies for safeguarding against risk while still enjoying the rewards, both in the markets and in nature.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/