Harvard Professor Reveals the Worst Thing To Do with Your Money

About this episode:
Does money really make you happy? In this episode, I’m joined by the brilliant Arthur Brooks, who is helping me answer this age-old question and offering insights into the complicated relationship between wealth and well-being that might surprise you.

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[annaj.osorio]

If the dollar collapses don’t be fooled your debts doesn’t disappear, they add it back to the new currency or mode of barter. best advice get out of debt. make regular investments be debt free and financially stable

[DeepFuture]

My father sat me down at age 23 and said, "You're buying a house. Now in my 40s and my mortgage in gone. It is absolutely the best decision I've ever made and definitely makes me happy.

[GonzaloEyzaguirre]

Arthur was my professor at Harvard, he is the boss. So happy to see him together with the Ramsey team.

[armandoweckmann]

Im 42 unmarried, no kids. Back when I was 39, I reached my goal to pay off all my debts, including my mortgage. I started making 6-figure income immediately after reaching my goal. I quit my job a month ago to start my own business and travel more. Im attending church more life is great. My next goal is to find a gal to marry and start a family 😊 I enjoyed watching this ☺️ Thanks!

[simplifyyourlifewithgwen]

“You’ll forget the stuff but you won’t forget the experience.”

Love it! ❤🙌🏼

[oneillbilder]

So what are really the best strategies to make our portfolio recession proof. my wife is already panicking, so many questions! will the rate cut next month lead to inflation? I'm very worried about my $1million stock portfolio losing value. It lost 20 % today alone

[StalinGrabovsky]

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[AnthonyJustice-ix]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Brooke Miller.

[thomaschew]

I say this as an individual (but married for 39 years) for a long time we lived paycheck to paycheck. Finally, that day came where we had this feeling that we needed to make financial freedom a top priority. This meant getting on a budget, paying off debt, having a cash savings for the unexpected, saving up for big purchases, assigning a job to each dollar and investing. We simply made too much money to be living paycheck to paycheck. Now that we have achieved a measure of financial stability, I find that it is true that putting $500 in savings makes us considerably happier than spending that money on something we probably don't need. I really can't brag to my friends and co-workers about the wonderful experience of being debt free, owning our home mortgage free and clear and having a few dollars in my wallet to spend on anything I want. So, I have to keep my happiness to myself but I'm up to the task.

[NormanOkada]

I loved this on many levels. As a person who retired from the military, and about to retire for the second time, I realized later in life debt is slavery and I can be happy with less. Amazing show.

[ailakenya]

These two speakers have the most perfect chemistry. Its a blockbuster of a show. I rarely watch an interview for more than 3minutes, this one gifted me an entire hour pausing and rewinding. Great stuff!

[Mrslykid]

Took a step back from my previous career where I went from 230k to 120k. Went from 11 hours of work to 6 hours of work and relaxing on the weekend. Love it!

[Riggsnic_co]

Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.

[jplebihan]

I live in Boston and once complained about our "worst" weather to a coworker. She casually mentioned she was originally from Siberia. 😳 Boston, you're off the hook!

[MickWolfActual]

Ramsey saved my life and got me out of major debt and have been debt free and haven’t worried about money in 15 years. First major rule that helped me is don’t give a sh!t about what others think about you. It’s way easier from there. Good luck every one!! 🙏🏻❤️🙏🏻
Ps. Gracious giving is also the key to wealth like he said. It’s counterintuitive but it really works!

[MrIMCP]

So buying that Ford Raptor while working at McDonald’s is a bad idea. Got it!

[miguelpanty]

Im Mormon and ive been tithing ever since ive started working. 10% every paycheck. Its been a blessing and I can see the hand of GOD bless me and my family through tithing.

[thecastaways]

Arthur Brooks’ older book Loved Your Enemies saved me from the horrors of ideological extremism and helped me become more open minded. I’m so happy that his incredible work has grown and expanded.

[edwinsvoboda]

get rid of any unnecessary purchases, especially things that cost you monthly or better still, consider financial planning

[JimmyHuynhdesign]

His confidence and how he holds himself is admirable