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Why We Don't Talk About Money + Why We Should
Manage episode 423007031 series 3478399
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In this episode we get curious about something that makes many of us super uncomfortable...TALKING ABOUT MONEY.
I share some great nuggets from Scott Galloway's new book "The Algebra of Wealth" as well as Morgan Housel's best-seller "The Psychology of Money." We talk about how freakin NEW many of our financial systems are (the 401K has only existed for 46 years, guys!!).
We talk about fiduciaries, compound interest, Roth IRAs, and other finance terms I just learned in the last 5-7 years lol.
We also dive into the psychology of why talking about money is so taboo and why many of us just never learned about it growing up. And I make the case for why we HAVE to talk about it.
"Not talking about money only benefits the incumbents" in the words of Mr. Galloway. The employers/not the employees, the rich/not the financially insecure. The incumbents want money to continue to be a topic shrouded in mystery and secrecy so they can continue to control it. SO LETS TALK $$$
References:
https://www.profgalloway.com/the-algebra-of-wealth-3/
https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681
https://www.netflix.com/title/81410436
https://www.espn.com/watch/catalog/6ac8e68a-2f46-4197-8590-c63433791c9c/broke
Opening + Closing Audio: BRASKO "BACK TO YOU"
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