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Spending and Happiness
Spending money on stuff brings happiness, but spending on hobbies brings more. Experiences also increase happiness. Giving to causes you care about and freedom-inducing items bring the most happiness. Income and net worth do correlate with happiness, with the increase still observed at multimillion levels.
Episode 519: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) are jamming with Patrick Campbell on trends that are doubling in popularity and the businesses you can start to pounce on them. Patrick also shares three product frameworks, the importance of freedom-inducing purchases, and what his research has revealed about the ultra wealthy.
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Show Notes:
(0:00) Intro
(2:00) The Bezo's Number Framework
(5:30) Trends: Coral bleaching, School shootings, teenage abstinence
(12:30) More trends: French Bulldogs, sports betting, and other vices
(21:00) Philosophy: Don't innovate
(24:30) Patrick's tax strategy: Gas stations
(30:00) The 5 Phases of "I just sold my company"
(33:30) Freedom-inducing purchases
(36:00) Secrets of the wealthy: To-do lists and exercise
(39:00) How a researcher measures happiness
(41:30) The trap of chasing a "freedom number"
(45:00) Wealth, Status, Power
(50:00) Product Remix Framework
(55:00) Pricing strategy breakdown
(1:02:00) New bod, who dis?
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Links:
• Patrick’s Twitter - https://twitter.com/Patticus
• Paddle - https://www.paddle.com/
• Google Scholar - https://scholar.google.com/
• Bezo's Numbers - https://shorturl.at/dgJSV
• Casino affiliate - https://playnj.com/
• MyBodyTutor - https://www.mybodytutor.com/
• Price change email copy - https://shorturl.at/kqE49
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Check Out Sam's Stuff:
• Hampton - https://www.joinhampton.com/
• Ideation Bootcamp - https://www.ideationbootcamp.co/
• Copy That - https://copythat.com/
Check Out Shaan's Stuff:
• Try Shepherd Out - https://www.supportshepherd.com/
• Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant
• Power Writing Course - https://maven.com/generalist/writing
• Small Boy Newsletter - https://smallboy.co/
• Daily Newsletter - https://www.shaanpuri.com/
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