Behavior Gap Radio

Last week, I touched on a the idea of how much we save mattering more than how much we earn and whether we feel "rich." Today, I want to dive into the idea of what it means to be "rich" because that definition is so personal. After all, it's really difficult to measure units of happiness, and in a way, our level of happiness drives, in large part, whether we feel "rich."

Last week, I touched on a the idea of how much we save mattering more than how much we earn and whether we feel "rich." Today, I want to dive into the idea of what it means to be "rich" because that definition is so personal. After all, it's really difficult to measure units of happiness, and in a way, our level of happiness drives, in large part, whether we feel "rich."

Experiences Over Security by Carl Richards: Human Behavior, Creativity, Behavioral Finance

Experiences Over Security by Carl Richards: Human Behavior, Creativity, Behavioral Finance

Financial success is almost always not only about how much you earn, but also about how much you spend. We've known people who've grown "rich" (however you define that), on any income. It sounds obvious, but they've figured out how not to spend it all by aligning their spending with what's most important to them.

Financial success is almost always not only about how much you earn, but also about how much you spend. We've known people who've grown "rich" (however you define that), on any income. It sounds obvious, but they've figured out how not to spend it all by aligning their spending with what's most important to them.

30 Days, 3 Seconds by Carl Richards: Human Behavior, Creativity, Behavioral Finance

30 Days, 3 Seconds by Carl Richards: Human Behavior, Creativity, Behavioral Finance

Financial advisors face a unique set of stressors. They care deeply about their clients, and they need to deal with incredibly important stuff because it involves their clients' dreams and goals. Now, if you're the release valve of other people's anxiety, you need to take care of yourself to continue taking care of your clients. One option that I've found helpful is taking a cold shower. I promise there's a good reason for this advice.

Financial advisors face a unique set of stressors. They care deeply about their clients, and they need to deal with incredibly important stuff because it involves their clients' dreams and goals. Now, if you're the release valve of other people's anxiety, you need to take care of yourself to continue taking care of your clients. One option that I've found helpful is taking a cold shower. I promise there's a good reason for this advice.