138: Mastering the Psychology of Money: The Hidden Costs of Chasing Wealth and Happiness

In this episode, we dive into the fascinating world of personal finance and psychology with Morgan Housel, author of The Psychology of Money. Discover how your relationship with money—whether through saving, spending, or wealth perception—shapes your psychological well-being and life purpose. Learn why people often overspend or undersave, the biggest mistakes in the pursuit of financial freedom, and how to use money as a tool for security and fulfillment.

We also explore the impact of social media, wealth signaling, and purchases on our internal reward systems, plus the dangers of equating money with career success or self-worth. Packed with practical advice, this episode will help you make smarter financial decisions and better understand the connection between money, happiness, and purpose. Tune in to transform the way you think about wealth!