The Huberman Lab Podcast discusses neuroscience: how our brain and its connections with the organs of our body control our perceptions, our behaviors, and our health. We also discuss existing and emerging tools for measuring and changing how our nervous system works. Dr. Andrew Huberman is a tenured Professor of Neurobiology and Ophthalmology at Stanford School of Medicine. His laboratory studies neural regeneration, neuroplasticity, and brain states such as stress, focus, fear, and optimal performance. For more than 20 years, Dr. Huberman has consistently published original research findings and review articles in top-level peer-reviewed journals, including Nature, Science, Cell, Neuron, and Current Biology. He is a regular member of several National Institutes of Health review panels and a Fellow of the McKnight Foundation and the Pew Charitable Trusts. Dr. Huberman regularly consults for technology development companies, professional athletic organizations, and various units of U.S. and Canadian Special Operations.
Morgan Housel: Understand & Apply the Psychology of Money to Gain Greater Happiness
In this episode, my guest is Morgan Housel, an expert in private wealth generation and management and author of the bestselling book The Psychology of Money. We discuss how desiring, pursuing, saving, and spending money impact our psychology and perception of wealth. We explore why people tend to either overspend or oversave and examine the most common mistakes made in the pursuit of financial freedom. Additionally, we discuss how to best use money — and one’s relationship with it — as a tool to create psychological security, freedom, and a deeper sense of life purpose.
We also delve into the impact of purchases, social media, and wealth signaling on our internal reward circuits, the dangers of using money as a gauge of career progress or self-worth, and the healthiest psychological stances to adopt while building wealth at any level. By the end of the episode, listeners will have gained numerous practical tools for making smarter financial decisions and should have a clearer understanding of the role money plays in their psychology, happiness, and life.
Access the full show notes for this episode at hubermanlab.com.
Pre-order Andrew's new book, Protocols: protocolsbook.com
Thank you to our sponsors
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Timestamps
00:00:00 Morgan Housel
00:02:13 Sponsors: Wealthfront & BetterHelp
00:05:11 Spending Habits & Cynicism
00:08:44 Tool: Money & Future Regrets
00:16:07 Money Management Extremes; Credit & Hope
00:23:17 Money as a Tool, Happiness, Independence & Purpose
00:27:30 Sponsors: AG1 & ROKA
00:30:11 Unstructured Time; Independence, Identify & Money; Addiction
00:39:04 Longevity, Health & Money
00:47:42 Ambition, Social Media, Fame & Social Debt
00:53:37 Sponsor: Function
00:55:24 Resume Virtues vs. Eulogy Virtues
00:57:52 Compound Interest, Math vs. Behavior
01:01:42 Dopamine & Time, Marshmallow Test & Distraction
01:09:58 Motivation, Pleasure; Relationships
01:14:38 Freedom, Tool: Savings & Independence
01:19:06 Peak-End Rule, Autonomy & Independence; Elder vs. Elderly
01:24:07 Familial Wealth & Identity; Entrepreneurs
01:31:53 Life Purpose; Dogs; Social & Historical Comparison
01:39:58 Social Comparison & Geography, Angst
01:46:07 Carrot vs. Stick, Identity, Tool: Verb States & Energy
01:56:43 Envy & Spending Money; Wealth & Birth Rates
02:01:27 Tools: Parent Modeling; Resentment, Individual Goals
02:07:15 Purpose, Happiness & Money
02:13:05 Zero-Cost Support, YouTube, Spotify & Apple Follow & Reviews, Sponsors, YouTube Feedback, Protocols Book, Social Media, Neural Network Newsletter