Today, we welcome back Prof. Meir Statman to talk about the role of finances in well-being. We investigate the role of finances in well-being with Prof. Meir Statman through the lens of his new book, A Wealth of Well-Being. Discover why wealth advisors must evolve into well-being advisors and uncover the impact of finances on various life domains. From dating to education, we discuss the profound financial correlations shaping happiness and well-being. Tune in now!
Key Points From This Episode:
(0:00:15) Introduction to returning guest, Prof. Meir Statman.
(0:02:15) How well-being fits into the study of behavioural finance.
(0:06:52) Discover the role of finances in different domains of life well-being.
(0:10:42) Hear why wealth advisors need to change to being well-being advisors.
(0:14:59) Explore the relationship between finances, social status, and overall well-being.
(0:19:46) Whether too much self-control in spending can be a problem.
(0:22:46) The effect of finances on dating and marriage and how work plays into well-being.
(0:26:42) Find out how education fits into well-being and why it is a major regret for people.
(0:32:36) Gain insights into how religion and faith can enhance well-being.
Links From Today’s Episode:
Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582.
Rational Reminder Website — https://rationalreminder.ca/
Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/
Rational Reminder on X — https://twitter.com/RationalRemind
Rational Reminder on YouTube — https://www.youtube.com/channel/
Rational Reminder Email — info@rationalreminder.ca
Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/
Benjamin on X — https://twitter.com/benjaminwfelix
Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/
Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/
Cameron on X — https://twitter.com/CameronPassmore
Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/
Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/
Mark McGrath on X — https://twitter.com/MarkMcGrathCFP
Prof. Meir Statman — https://www.scu.edu/business/finance/faculty/statman/
Prof. Meir Statman on X — https://twitter.com/meirstatman
Episode 258: Prof. Meir Statman — https://rationalreminder.ca/podcast/258
Meir's Book: A Wealth of Well-Being — https://www.amazon.com/Wealth-Well-Being-Holistic-Approach-Behavioral/dp/1394249675
Episode 305 - Is Private Credit Special?
Episode 304 - Budget 2024: The Capital Gains Inclusion Rate
Episode 303 - Scott Galloway: The Algebra of Wealth
Episode 302 - Michael Green: Market Efficiency Is Not The Question
Episode 301 - Optimal Government Pension Claiming
Episode 300 - Abby Sussman: Financial Judgment and Decision Making
Episode 299: The Most Important Lessons in Investing
Episode 298 - Randall Stutman: Admired Leadership for Financial Decision-Making
Episode 297 - Do Stocks Return 10-12% On Average? & Zero to Millionaire with Nicolas Bérubé
Epidose 296 - Adam Alter: The Anatomy of a Breakthrough
Episode 295 - Home Country Bias, Seg Funds, and Todd Rogers on Writing for Busy Readers
Episode 294 - Dan Harris: 10% Happier
Episode 293 - Eric Balchunas: Spot Bitcoin ETFs
Episode 292 - Rob Copeland: Ray Dalio and Bridgewater
Episode 291 - The Quant Winter, and is Canada Pension Plan a Scam?
Episode 290 - Morgan Housel: Same as Ever
Episode 289 - Retiring Retirement Income Myths with the Retirement Income Dream Team
Episode 288 - Scott Rick: Navigating the Money Minefield in Real Relationships
Episode 287: A Practical Look at Private Equity w/ Steve Balaban & Epic Life w/ Justin Breen
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast