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
A Replication Crisis and a Housing Crisis (EP.168)
Professor Hersh Shefrin: Fear, Hope, and the Psychology of Investing (EP.167)
Lessons from 100+ Years of Global Stock Returns (EP.166)
Gordon Irlam: (Near) Optimal Retirement Planning using Machine Learning (EP.165)
Comprehensive Overview: The 4% Rule (EP.164)
Dave Plecha: The Long and Short of Investing in Bonds (EP.163)
How to Select a (Good) Financial Advisor (EP.162)
Katy Milkman: How to Change your Financial Habits (EP.161)
Day Trading in 2020: Did Free Trading Change Everything? (EP.160)
Bill Schultheis: Build Wealth and Get on With Your Life (EP.159)
Loss Harvesting and the Myth of Tax Alpha (EP.158)
Rob Arnott: Dissecting Smart Beta, Investing in Disruption, and Momentum (EP.157)
Climate Change vs. The Stock Market (EP.156)
Don Ezra: Planning for Life After Full Time Work (EP.155)
Renting vs. Buying a Home: How to Decide (EP.154)
Prof. Johanna Peetz: Personal Spending, Time Perception, and Close Relationships (EP.153)
Evaluating Systematic Equity Strategies (EP.152)
Professor Brad Cornell: A Skeptic’s Look at the Cross Section of Expected Returns (EP.151)
The Ultimate Inflation Hedge (EP.150)
Professor Robert Novy-Marx: The Other Side of Value (EP.149)
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast