Books Brothers Podcast Books Brothers

Welcome back to another episode of the Books Brothers Podcast! Listen as Thomas leads our discussion of chapters 7-11 from The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel.

* Chapter 7: "Freedom" - (0:45 - 18:21) Have you experienced the feeling of "reactance" (feeling overly controlled because of lack of money)? What would you have done during that time if you had more money? What about instances of having freedom due to your financial situation?
* Chapter 8: "Man in the Car Paradox" - (18:22 - 30:31) Have you ever bought something to convey a sense of status or prestige? What was it? How did that work out for you?
* Chapter 9: "Wealth is What You Don't See" - (30:32 - 40:20) What were your general thoughts on this chapter?
* Chapter 10-11: "Save Money" and "Reasonable > Rational" - (40:21 - 50:46) Have you ever made what you thought was a rational plan but soon realized that it was very unrealistic to implement?

Resources referenced or discussed in today's episode:

1. American household credit card debt: here [https://www.linkedin.com/pulse/rising-tide-credit-card-debt-us-closer-look-alaa-hayajneh-l1jfe]
2. Link to podcast providing doctors, dentist and other health professionals with financial tips: here [https://www.whitecoatinvestor.com/wci-podcast/]
3. Dave Ramsey's nationwide study of millionaires: here [https://www.ramseysolutions.com/retirement/the-national-study-of-millionaires-research]

Next week we'll discuss chapters 12 - 14 (pages 121 - 154).

You can buy the book on Amazon by clicking here [https://a.co/d/3rdq8OS].

You can also borrow it at your local library. Don't have a library card, or unsure where your local library is? Search on Google Maps, or find your local library by clicking here [https://www.careeronestop.org/LocalHelp/CommunityServices/find-libraries.aspx].

Follow us on Instagram @booksbrotherspodcast [http://www.instagram.com/booksbrotherspodcast]

Connect with us at connect@booksbrotherspodcast.com

Please subscribe and give us a review! We would really appreciate it.

See you next week! Until then - read, reflect, and connect.

This week marks the 25th episode of Books Brothers Podcast! Listen as Garrett leads our discussion of chapters 3-6 from The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel.

* Chapter 3: "Never Enough" - (0:43 - 18:51) Do any of you feel that you and your family have "stopped moving your goal posts?" Can you share an example where you refrained from moving your personal goal posts with a financial decision that you made.
* Chapter 4: "Confounding Compounding" - (18:52 - 23:48) Does anyone have any takeaways from this chapter?
* Chapter 5: "Getting Wealthy vs. Staying Wealthy" - (23:49 - 34:59) Would you say that you lean more toward having a pessimistic or optimistic mindset towards your personal net worth accumulation in both the short term and the long term?
* Chapter 6: "Tails, You Win" - (35:00 - 45:10) How do you all handle financial failures? How has this chapter impacted your perspective on these financial failures?
* Resources referenced or discussed in today's episode:

1. Bear market vs. Bull market- https://www.fidelity.com/learning-center/smart-money/bear-vs-bull-market
2. Current average car payment- https://www.nerdwallet.com/article/loans/auto-loans/average-monthly-car-payment#:~:text=The%20average%20monthly%20car%20loan,determined%20by%20several%20different%20factors.
3. Warren Buffet's net worth- https://www.cnbc.com/amp/2024/05/03/most-of-warren-buffetts-wealth-came-after-age-65-heres-why.html

Next week we'll discuss chapters 7- 11 (pages 81 - 120).

You can buy the book on Amazon by clicking here [https://a.co/d/3rdq8OS].

You can also borrow it at your local library. Don't have a library card, or unsure where your local library is? Search on Google Maps, or find your local library by clicking here [https://www.careeronestop.org/LocalHelp/CommunityServices/find-libraries.aspx].

Follow us on Instagram @booksbrotherspodcast [http://www.instagram.com/booksbrotherspodcast]

Connect with us at connect@booksbrotherspodcast.com

Please subscribe and give us a review! We would really appreciate it.

See you next week! Until then - read, reflect, and connect.

Welcome back to season 4! This week, Garrett leads our discussion of the Introduction - Chapter 2 from The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel.

* Introduction: "The Greatest Show on Earth" - (0:49 - 12:36) Share a story about how a particular experience impacted your financial decisions or beliefs about money?
* Chapter 1: "No One's Crazy" - (12:37 - 28:05) How do you think recognizing different types of experiences people go through could change the way you judge others' financial decisions?
* Chapter 2: "Luck & Risk" - (28:06 - 39:12) How do you all assess the role of luck in your own financial successes and failures, and do you think society generally underestimated the role of luck in financial success?

Resources referenced or discussed in today's episode:

1. Compounding investment growth over time comparison - click here [https://sweeneymichel.com/blog/compounding]

Next week we'll discuss chapters 3 - 6 (pages 35 - 80).

You can buy the book on Amazon by clicking here [https://a.co/d/3rdq8OS].

You can also borrow it at your local library. Don't have a library card, or unsure where your local library is? Search on Google Maps, or find your local library by clicking here [https://www.careeronestop.org/LocalHelp/CommunityServices/find-libraries.aspx].

Follow us on Instagram @booksbrotherspodcast [http://www.instagram.com/booksbrotherspodcast]

Connect with us at connect@booksbrotherspodcast.com

Please subscribe and give us a review! We would really appreciate it.

See you next week! Until then - read, reflect, and connect.

This week, Adam leads our discussion of Chapter 7: "Your Personal Blue Zone" from Blue Zones, Second Edition: 9 Lessons for Living Longer From the People Who've Lived the Longest by Dan Buettner.

* Adam and Matt recap the 9 lessons the author writes for living longer (0:39 - 5:29)
* The guys share their results from the author's "Blue Zones True Vitality Test [https://apps.bluezones.com/en/vitality]" and recommendations from the results on improving the chances to live longer, healthier lives (5:30 - 28:13)
* Garrett previews the next book (28:14 - 30:51)

Resources referenced or discussed in today's episode:

1. Research related to health risks associated with meat consumption - click here [https://pubmed.ncbi.nlm.nih.gov/26780279/]
2. Article from Mayo Clinic about the pros and cons of drinking red wine - click here [https://www.mayoclinic.org/diseases-conditions/heart-disease/in-depth/red-wine/art-20048281]

We'll take next week off, but we'll be back in two weeks to discuss the Introduction and chapters 1-2 of our next book, The Psychology of Money: Timeless Lessons On Wealth, Greed, and Happiness by Morgan Housel (pages 1-34).

You can buy the book on Amazon by clicking here [https://a.co/d/a7quF17].

You can also borrow it at your local library. Don't have a library card, or unsure where your local library is? Search on Google Maps, or find your local library by clicking here [https://www.careeronestop.org/LocalHelp/CommunityServices/find-libraries.aspx].

Follow us on Instagram @booksbrotherspodcast [http://www.instagram.com/booksbrotherspodcast]

Email us at connect@booksbrotherspodcast.com

Please subscribe and give us a review! We would really appreciate it.

See you in two weeks! Until then - read, reflect, and connect.

This week, Thomas leads our discussion of Chapter 6: "The Greek Blue Zone" from Blue Zones, Second Edition: 9 Lessons for Living Longer From the People Who've Lived the Longest by Dan Buettner.

* Why don't men live as long as women, on average? (0:43 - 7:25)
* What were your top takeaways from the Ikarian's diet? (7:26 - 18:41)
* What was most interesting about the Ikarian culture? (18:42 - 27:15)
* Do you think people in Blue Zones try to be healthy any more than we do, or do you think they're lucky enough to be born into a system that promotes health by default way more than most places because of the culture, the traditions, the goals in that society, etc.? (27:16 - 36:10)

Resources referenced or discussed in today's episode:

1. Article related to life expectancy differences between men and women: Why men often die earlier than women [https://www.health.harvard.edu/blog/why-men-often-die-earlier-than-women-201602199137]
2. Study related to which surviving spouse lives longer: The life expectancy of older couples and surviving spouses [https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8121294/#:~:text=Hence%2C%20the%20probability%20that%20the,life%20expectancy%20is%209.5%20years.]
3. Study related to consequences of divorce by gender: Gender Differences in the Consequences of Divorce: A Study of Multiple Outcomes [https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5992251/]
4. Podcast excerpt about removing clocks from your room to improve sleep: click here [https://youtu.be/Ky-ZJ9SS-x4?feature=shared]

Next week we'll discuss chapter 7: "Your Personal Blue Zone" (pages 262 - 298)

Netflix documentary series: Live to 100: Secrets of the Blue Zones [https://www.netflix.com/title/81214929]

You can buy the book on Amazon by clicking here [https://a.co/d/gKqbKSL].

You can also borrow it at your local library. Don't have a library card, or unsure where your local library is? Search on Google Maps, or find your local library by clicking here [https://www.careeronestop.org/LocalHelp/CommunityServices/find-libraries.aspx].

Follow us on Instagram @booksbrotherspodcast [http://www.instagram.com/booksbrotherspodcast]

Connect with us at connect@booksbrotherspodcast.com.

Please subscribe and give us a review! We would really appreciate it.

See you next week! Until then - read, reflect, and connect.

This week, Garrett leads our discussion of Chapter 5: "Discovering Costa Rica's Blue Zone" from Blue Zones, Second Edition: 9 Lessons for Living Longer From the People Who've Lived the Longest by Dan Buettner.

* 0:50 - 20:11: What were 1-2 takeaways from the Nicoyan lifestyle that you plan to apply to your life?
* 20:12 - 34:08: As you have gotten older, in what ways have your beliefs changed towards having an external or internal locus of control?
* 34:09 - 36:53: What are ways you can create more space in your schedule to have more margin in your life?
* Resources referenced or discussed in today's episode:

1. Taco Bell food quality article: click here [https://theconversationprism.com/how-bad-is-taco-bell-for-you/]
2. Article about what Fruits and Vegetables looked like before they became domesticated: click here [https://www.sciencealert.com/fruits-vegetables-before-domestication-photos-genetically-modified-food-natural]
3. Study related to magnesium deficiency in Americans: click here [https://ods.od.nih.gov/factsheets/Magnesium-HealthProfessional/]
4. Study related to water hardness: click here [https://www.usgs.gov/special-topics/water-science-school/science/hardness-water#overview]
5. Data on measles cases in the US: click here [https://www.cdc.gov/measles/cases-outbreaks.html]
6. Article related to US economy health care costs: click here [https://www.cms.gov/data-research/statistics-trends-and-reports/national-health-expenditure-data/historical#:~:text=The%20data%20are%20presented%20by,spending%20accounted%20for%2017.3%20percent.]
7. Correction: In the episode, it was commented that $1 out of every $3 (33%) in the US is spent on healthcare. Upon further review, the actual figure is closer to 17.3%, or closer to $1 out of every $6. Thus, the comment from this episode was inaccurate

Next week we'll discuss chapter 6: "The Greek Blue Zone" (pages 227 - 259)

Netflix documentary series: Live to 100: Secrets of the Blue Zones [https://www.netflix.com/title/81214929]

You can buy the book on Amazon by clicking here [https://a.co/d/gKqbKSL].

You can also borrow it at your local library. Don't have a library card, or unsure where your local library is? Search on Google Maps, or find your local library by clicking here [https://www.careeronestop.org/LocalHelp/CommunityServices/find-libraries.aspx].

Follow us on Instagram @booksbrotherspodcast [http://www.instagram.com/booksbrotherspodcast]

Connect with us at connect@booksbrotherspodcast.com.

Please subscribe and give us a review! We would really appreciate it.

See you next week! Until then - read, reflect, and connect.