In This Episode:
Most people believe financial success comes down to numbers, but the truth is your emotions and mindset may play an even bigger role than any spreadsheet ever could. In this episode, Ryan unpacks key lessons from Morgan Housel’s best-selling book The Psychology of Money, revealing how behavior, beliefs, and background shape our financial choices.
This conversation explores how psychological safety can sometimes be more important than rate of return. Rather than focusing purely on math, Ryan discusses why our emotional wiring often leads us to make irrational, but human, money decisions. We cover the idea that “no one’s crazy” and the value of being reasonable instead of perfectly rational. You’ll also learn why it’s smart to build a buffer into your financial plan and how to avoid the dangerous trap of always chasing “more.”
Here’s what we discuss in this episode:
🧠 Why no one’s crazy when it comes to money
💸 The danger of always chasing “more”
🤝 Why reasonable beats rational in real life
🏠 What paying off your mortgage early can reveal about emotional security
🛟 How to build margin for error into your plan
0:00 – Intro
1:44 – Concept #1: No one is crazy
4:39 – Concept #2: Never enough
7:27 – Concept #3: Reasonable is greater than rational
10:11 – Concept #4: Room for error
In This Episode:
Most people believe financial success comes down to numbers, but the truth is your emotions and mindset may play an even bigger role than any spreadsheet ever could. In this episode, Ryan unpacks key lessons from Morgan Housel’s best-selling book The Psychology of Money, revealing how behavior, beliefs, and background shape our financial choices.
This conversation explores how psychological safety can sometimes be more important than rate of return. Rather than focusing purely on math, Ryan discusses why our emotional wiring often leads us to make irrational, but human, money decisions. We cover the idea that “no one’s crazy” and the value of being reasonable instead of perfectly rational. You’ll also learn why it’s smart to build a buffer into your financial plan and how to avoid the dangerous trap of always chasing “more.”
Here’s what we discuss in this episode:
🧠 Why no one’s crazy when it comes to money
💸 The danger of always chasing “more”
🤝 Why reasonable beats rational in real life
🏠 What paying off your mortgage early can reveal about emotional security
🛟 How to build margin for error into your plan
0:00 – Intro
1:44 – Concept #1: No one is crazy
4:39 – Concept #2: Never enough
7:27 – Concept #3: Reasonable is greater than rational
10:11 – Concept #4: Room for error
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Resources:
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Schedule a call with Ryan here
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