Dr. Daniel Crosby: The Soul of Wealth: 50 reflections on money and meaning

Talking Billions with Bogumil Baranowski

It’s Dan’s second time on the show — I highly recommend finding the earlier episode.

My guest today is Dr. Daniel Crosby. He is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets. He is the best-selling author of four books. His latest book will be the focus of our conversations today — it’s called The Soul of Wealth: 50 Reflections on Money and Meaning.

https://www.standarddeviationspod.com/episodes

In this conversation, Dr. Daniel Crosby, a psychologist and behavioral finance expert, discusses his latest book, 'The Soul of Wealth,' which explores the deeper meanings of money and wealth. He emphasizes that true wealth transcends mere financial accumulation and is intertwined with personal values, relationships, and purpose.

The discussion covers various themes, including the regrets associated with work, the detrimental effects of comparison on happiness, the significance of meaning in financial decisions, and the importance of delayed gratification as a life strategy. Crosby argues that understanding our relationship with money can lead to a more fulfilling and content life.

In this conversation, Daniel Crosby discusses the complexities of human behavior regarding money, the influence of upbringing on financial decisions, and the importance of professional guidance in managing wealth. He emphasizes the value of delayed gratification, the evolutionary context of decision-making, and the significance of time over money.

Crosby also shares personal anecdotes and insights on how historical lessons can inform modern financial practices, ultimately advocating for a mindset of radical optimism in investing and the pursuit of freedom through wealth.

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