Behavior Gap Radio

Carl shares the untold story of his meeting with Chip Gaines for the 50 Fires Podcast. At the final in-person meeting to decide the show's distribution, Carl recounts the nerves and excitement of meeting the iconic Chip and Joanna Gaines. Revealing his secret plan to treat the meeting like a podcast episode focused on money, Carl shares a riveting conversation with Chip about the meaning of money. Unveiling Chip's candid admission about the devastating impact of fame and wealth, Carl reflects on the unforeseen complications that come with financial success. This raw and unscripted encounter adds a layer of depth to the podcast episode with Chip Gaines that listeners won't find anywhere else.

Listen to 50 Fires: Money and Meaning with Carl Richards: https://apple.co/47o5vP0

Hear the episode "How Chip Gaines Uses Money As a Tool for Impact" that Carl references: https://podcasts.apple.com/us/podcast/how-chip-gaines-uses-money-as-a-tool-for-impact/id1709551590?i=1000634105820

In this episode of Behavior Gap Radio, Carl delves into the nuanced world of goals with his latest insights titled "Navigating Life's Journey: The Dual Nature of Goals." Reflecting on the dual role of goals as both a blessing and a potential curse, Carl explores how goals offer direction and purpose but can also distract from the present moment. He emphasizes the fluid nature of goals as educated guesses in life's adaptive journey, cautioning against becoming overly fixated on the future. Carl advocates for striking a delicate balance between using goals as guiding compasses and fully immersing oneself in the beauty of the present. Join Carl in embracing the duality of goals and discovering the joy of a purposeful yet present journey.

Want to read more essays 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 field episode of Behavior Gap Radio, Carl shares a powerful reflection following a dinner discussion with students from Utah Valley University. Inspired by a student's question, Carl revisits the impactful query he poses at the end of his podcast "50 Fires" regarding the role of money in one's life. This time, he's turned the lens on himself, contemplating what he hopes his own children will say about money 20 years from now. Carl passionately expresses his desire for his kids to understand that money's natural state is flow, emphasizing the importance of circulation over accumulation. In a poignant analogy, he hopes they won't confuse the finger (money) pointing at the moon (love and the present moment) with the moon itself. Join Carl in this heartfelt exploration of teaching profound lessons about money to the next generation.

Listen to 50 Fires: Money and Meaning with Carl Richards: https://apple.co/47o5vP0

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.

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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/

In this episode of Behavior Gap Radio, Carl explores the pivotal role of purpose in making sound financial decisions. He emphasizes that purpose is not merely a starting point but a continuous reference point that guides all decisions related to money. Carl likens purpose to a lens through which we view our financial choices. It turns out that it often gets overlooked in discussions about money! Drawing inspiration from the wisdom of David Whyte and Lao Tzu, Carl explores the gradual process of discovering, relearning, and realigning with what truly matters to us. He stresses the enduring quality of purpose, providing a profound perspective on how it shapes our identity and influences our use of capital—time, money, energy, and attention.

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/

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/47o5vP0

Hear 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/